SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported) November 30, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of November 1, 1998,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1998-23)
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
----------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (609) 661-6100
--------------
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
General.
On November 30, 1998, GE Capital Mortgage Services, Inc.
("GECMSI") offered to investors certain classes of its REMIC
Multi-Class Pass-Through Certificates, Series 1998-23 (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 1998-23") of conventional,
one- to four-family residential loans (the "Mortgage Loans").
Capitalized terms used herein and not otherwise defined shall
have the meanings assigned to them in the Prospectus dated
October 22, 1998 as supplemented by the Prospectus Supplement
dated November 23, 1998.
The original principal balance of each Class of the Certificates
is as follows:
Class A $500,713,877.00
Class R $100.00
Class M $9,649,000.00
Class B1 $4,172,000.00
Class B2 $2,347,000.00
Class B3 $2,087,000.00
Class B4 $1,043,000.00
Class B5 $1,565,082.67
---------------
Total : $521,577,059.67
The initial Junior Percentage and initial Senior Percentage for
Pool 1998-23 are approximately 4.00% and 96.00%, respectively.
The "Bankruptcy Loss Amount," the "Fraud Loss Amount" and the
"Special Hazard Loss Amount" for Pool 1998-23 as of the initial
issuance of the Certificates are $177,564.00, $5,215,771.00 and
$5,215,771.00, respectively, representing approximately .0300%,
1.0000%, and 1.0000%, respectively, of the aggregate Scheduled
Principal Balances of the Mortgage Loans as of November 1, 1998
(the "Cut-off Date").
Description of the Mortgage Pool and the Mortgaged Properties
Pool 1998-23
Pool 1998-23 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
$521,577,059.67.
The interest rates (the "Mortgage Rates") borne by the 1,576
Mortgage Loans conveyed by GECMSI to Pool 1998-23 range from
6.2500% to 8.7500% and the weighted average Mortgage Rate as of
the Cut-off Date is 7.1465% 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 1998-23 ranged
from $228,000.00 to $1,000,000.00, and, as of the Cut-off Date,
the average outstanding Scheduled Principal Balance of the
Mortgage Loans in Pool 1998-23 is $330,949.91, 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 1998-23 is January
1998, and the latest scheduled maturity date of any such Mortgage
Loan is November 2028. The weighted average loan-to-value ratio
of the Mortgage Loans as of the Cut-off Date in Pool 1998-23 is
74.1554%.
2
<PAGE>
The Mortgage Loans in Pool 1998-23 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 1998-23:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.2500% 1 $372,000.00 0.0713%
6.3750% 6 $1,972,211.53 0.3781%
6.5000% 25 $8,572,801.49 1.6436%
6.6250% 38 $12,631,460.59 2.4218%
6.7500% 164 $53,226,956.25 10.2050%
6.8750% 137 $45,049,082.02 8.6371%
7.0000% 196 $63,142,708.77 12.1061%
7.1250% 242 $78,459,573.96 15.0428%
7.2500% 349 $116,939,841.22 22.4205%
7.3750% 221 $76,605,667.27 14.6873%
7.5000% 127 $41,901,042.62 8.0335%
7.6250% 37 $12,723,517.19 2.4394%
7.7500% 15 $4,217,517.62 0.8086%
7.8750% 12 $3,644,191.55 0.6987%
8.0000% 3 $833,240.53 0.1598%
8.5000% 1 $642,000.00 0.1231%
8.6250% 1 $303,639.73 0.0582%
8.7500% 1 $339,607.33 0.0651%
----- --------------- ---------
Total 1,576 $521,577,059.67 100.0000%
3
<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 1998-23 :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$227,151 - 250,000 162 $39,296,974.42 7.5343%
$250,001 - 300,000 644 $176,333,235.69 33.8076%
$300,001 - 350,000 310 $100,274,601.43 19.2253%
$350,001 - 400,000 203 $75,948,460.52 14.5613%
$400,001 - 450,000 90 $38,184,030.71 7.3209%
$450,001 - 600,000 134 $67,746,933.21 12.9889%
$600,001 - 650,000 20 $12,874,231.96 2.4683%
$650,001 - 1,000,000 + 13 $10,918,591.73 2.0934%
----- --------------- ---------
Total 1,576 $521,577,059.67 100.0000%
The largest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1998-23 is
$1,000,000.00.
The smallest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1998-23 is
$227,634.26.
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 1998-23:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1998 1,576 $521,577,059.67 100.0000%
----- --------------- ---------
Total 1,576 $521,577,059.67 100.0000%
4
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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 1998-23:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 63 $24,983,279.09 4.7899%
50.001 - 60.00 100 $35,653,774.62 6.8358%
60.001 - 70.00 211 $79,372,147.63 15.2177%
70.001 - 75.00 257 $84,741,502.06 16.2472%
75.001 - 80.00 734 $235,665,757.24 45.1832%
80.001 - 85.00 26 $7,899,634.50 1.5146%
85.001 - 90.00 123 $36,399,671.99 6.9788%
90.001 - 95.00 62 $16,861,292.54 3.2328%
----- --------------- ---------
Total 1,576 $521,577,059.67 100.0000%
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 1998-23:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detatched 1,478 $489,495,023.21 93.8490%
Single-family
attched 28 $9,043,568.88 1.7339%
Condominium 59 $18,742,011.05 3.5933%
2 - 4 Family Units 8 $3,046,410.68 0.5841%
Co-op 3 $1,250,045.85 0.2397%
----- --------------- ---------
Total 1,576 $521,577,059.67 100.0000%
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 1998-23:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 1,543 $510,536,738.08 97.8833%
Vacation 26 $8,812,041.95 1.6895%
Investment 7 $2,228,279.64 0.4272%
----- --------------- ---------
Total 1,576 $521,577,059.67 100.0000%
5
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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
1998-23:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 1 $270,000.00 0.0518%
Arizona 16 $5,111,906.90 0.9801%
Arkansas 1 $339,721.30 0.0651%
California 740 $251,820,254.82 48.2805%
Colorado 17 $5,472,114.38 1.0491%
Connecticut 8 $2,806,585.40 0.5381%
Delaware 2 $592,735.20 0.1136%
District Of Columbia 7 $2,452,135.69 0.4701%
Florida 17 $5,166,911.65 0.9906%
Georgia 41 $12,700,314.24 2.4350%
Hawaii 4 $1,617,427.56 0.3101%
Illinois 42 $13,567,000.40 2.6012%
Indiana 6 $1,887,299.58 0.3618%
Kansas 2 $666,940.91 0.1279%
Kentucky 2 $607,619.23 0.1165%
Louisiana 4 $1,214,428.75 0.2328%
Maryland 91 $29,801,313.66 5.7137%
Massachusetts 68 $23,814,121.29 4.5658%
Michigan 17 $5,312,606.94 1.0186%
Minnesota 1 $274,000.00 0.0525%
Missouri 8 $2,638,715.74 0.5059%
Nebraska 2 $511,557.55 0.0981%
Nevada 6 $1,803,817.91 0.3458%
New Hampshire 6 $1,874,601.05 0.3594%
New Jersey 75 $23,498,055.52 4.5052%
New Mexico 5 $1,493,825.93 0.2864%
New York 21 $7,767,674.66 1.4893%
North Carolina 25 $8,286,292.09 1.5887%
Ohio 28 $9,551,006.85 1.8312%
Oklahoma 2 $492,067.70 0.0943%
Oregon 23 $7,149,207.12 1.3707%
Pennsylvania 31 $10,516,815.94 2.0164%
Rhode Island 1 $265,392.81 0.0509%
South Carolina 7 $1,904,216.48 0.3651%
Tennessee 12 $3,478,985.47 0.6670%
Texas 32 $10,425,644.24 1.9989%
Utah 2 $602,472.84 0.1155%
Virginia 131 $39,913,054.75 7.6524%
Washington 50 $16,243,857.71 3.1144%
West Virginia 1 $237,305.32 0.0455%
Wisconsin 21 $7,427,054.09 1.4240%
----- --------------- ---------
Total 1,576 $521,577,059.67 100.0000%
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 1998-23:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2018 12 $3,821,243.66 0.7326%
2023 5 $1,375,482.75 0.2637%
2028 1,559 $516,380,333.26 99.0037%
----- --------------- ---------
Total 1,576 $521,577,059.67 100.0000%
The weighted average scheduled remaining term to maturity of the
Mortgage Loans in Pool 1998-23 calculated as of the Cut-off Date
is 357 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 1998-23:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 677 $215,278,734.75 41.2746%
Rate Term/Refinance 675 $228,986,748.67 43.9027%
Cash-out Refinance 224 $77,311,576.25 14.8227%
----- --------------- ---------
Total 1,576 $521,577,059.67 100.0000%
7
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS
AND EXHIBITS.
1.1 The Underwriting Agreement, dated as of March 21, 1996,
and the related Terms Agreement, dated as of November
23, 1998, for certain of the Series 1998-23 Certificates
between GE Capital Mortgage Services, Inc. and
Donaldson, Lufkin & Jenrette Securities Corporation.
1.2 The Underwriting Agreement, dated as of May 22, 1996,
and the related Terms Agreement, dated as of November
23, 1998, for certain of the Series 1998-23 Certificates
between GE Capital Mortgage Services, Inc. and Lehman
Brothers Inc.
4.1 The Pooling and Servicing Agreement for the Series
1998-23 Certificates, dated as of November 1, 1998,
between GE Capital Mortgage Services, Inc., as seller
and servicer, and State Street Bank and Trust Company,
as trustee.
8
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By: /s/ Syed W. Ali
------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of November 30, 1998
9
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By:
------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of November 30, 1998
10
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- ----------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- ----------------------------------------------------------------
1.1 The Underwriting Agreement, dated as
of March 21, 1996, and the related Terms
Agreement, dated as of November 23,
1998, for certain of the Series 1998-23
Certificates between GE Capital
Mortgage Services, Inc. and Donaldson,
Lufkin & Jenrette Securities Corporation.
1.2 The Underwriting Agreement, dated as
of May 22, 1996, and the related Terms
Agreement, dated as of November 23,
1998, for certain of the Series 1998-23
Certificates between GE Capital
Mortgage Services, Inc. and Lehman
Brothers Inc.
4.1 The Pooling and Servicing Agreement
for the Series 1998-23 Certificates, dated
as of November 1, 1998, between GE
Capital Mortgage Services, Inc., as seller
and servicer, and State Street Bank and
Trust Company, as trustee.
- ----------------------------------------------------------------
11
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
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<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
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<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
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<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
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<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
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judgment of the Underwriter and the Company, a material
change in the characteristics of the Mortgage Loans for the
related Series from those on which a Collateral Term Sheet
with respect to the related Series previously filed with
the Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such
statement or omission or an amendment which will effect
such compliance; provided, however, that the Company will
not be required to file any such amendment or supplement
with respect to any Computational Materials, Structural
Term Sheets or Collateral Term Sheets incorporated by
reference in the
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<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
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<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, 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;
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<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
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<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
- 19 -
<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
- 20 -
<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
- 21 -
<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
- 22 -
<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:
- 23 -
<PAGE>
(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
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-23
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 November 23, 1998
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
1998-23 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 1998- 23 Certificates are registered with the
Securities and Exchange Commission by means of an effective
Registration Statement (No. 333-51151). Capitalized terms used
and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1998-23
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed-rate, first-lien, fully-amortizing, one- to
four-family residential mortgage loans (the "Mortgage Loans")
having the following characteristics as of November 1, 1998 (the
"Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$521,577,060 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 $495,498,200
or greater than $546,875,000.
(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
Principal Interest Purchase Price
Class Balance Rate Percentage
----- ------- ---- ----------
Class A $500,713,877 6.00% 98.734400%
Class R 100 6.00% 98.734400%
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificate Principal Balance thereof plus
accrued interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, November 30,
1998 (the "Closing Date").
Section 4. Required Ratings: The Offered Certificates shall
have received Required Ratings of at least "AAA" from Fitch IBCA,
Inc. ("Fitch") and Standard & Poor's Rating Services, a division
of The McGraw-Hill Companies, Inc. ("S&P"), respectively.
Section 5. Tax Treatment: One or more elections will be
made to treat the assets of the Trust Fund as a REMIC.
Section 6. Additional Expenses: The Underwriter will pay
all expenses (e.g., shipping, postage and courier costs)
associated with the delivery of the Prospectus to prospective
investors and investors, other than the costs of delivery to the
Underwriter's facilities, provided, that if courier services
(other than overnight delivery services utilized in the ordinary
course of business) are required to ensure that the Prospectus is
delivered to investors on the day immediately preceding the
Closing Date, the Company will pay such courier expenses.
2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
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.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Lehman Brothers Inc. New York, New York
American Express Tower May 22, 1996
Three World Financial Center
New York, New York 10285
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement", and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such prospectus supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
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<PAGE>
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
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<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
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<PAGE>
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(each such filing of such materials, a "Current Report")
pursuant to Rule 13a- 11 under the Exchange Act on the
business day immediately following the later of (i) the day
on which such Computational Materials and Structural Term
Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus Supplement
the Underwriter has delivered to any prospective investor a
- 6 -
<PAGE>
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
Computational Materials, Structural Term Sheets or
Collateral Term Sheets incorporated by reference in the
- 7 -
<PAGE>
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office of
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<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick LLP
with respect to its letters furnished pursuant to Section
6(i) of this Agreement and any letter furnished pursuant to
the last sentence of Section 6(h) hereof, the fees of any
firm of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of this Agreement, any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses",
and all expenses (e.g., shipping, postage and courier
costs) associated with the delivery of the related
Prospectus to prospective investors and investors, other
than the costs of delivery to the Underwriter's facilities,
provided, that if courier services (other than overnight
delivery services utilized in the ordinary course of
business) are required to ensure that such Prospectus is
delivered to investors on the day immediately preceding the
related Closing Date, the Company will pay such courier
expenses).
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
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<PAGE>
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time it
- 10 -
<PAGE>
became effective, contained an untrue statement of a
material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
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<PAGE>
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
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(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
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<PAGE>
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of the
Company or public officials. In addition, such opinion may
be qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
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<PAGE>
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
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<PAGE>
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or regulation applicable to the
Trustee, or to such counsel's knowledge, any indenture
or other agreement or instrument to which the Trustee
is a party or by which it is bound, or, to such
counsel's knowledge, any order of any state or federal
court, regulatory body, administrative agency or
governmental body having jurisdiction over the
Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or statistical
nature (which is limited to accounting, financial or statistical
information derived from the general accounting records of the
Company and which is obtained from an analysis of a sample of
the Mortgage Loans included in the related pool) set forth in
the related Prospectus Supplement under the caption
"Description of the Mortgage Pool and the Mortgaged Proper-
ties" or "Description of the Mortgage Pools and the
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<PAGE>
Mortgaged Properties", as the case may be, and in the
Detailed Description relating to such Prospectus Supplement
is mutually consistent and agrees with the accounting
records of the Company and, where applicable, the related
Mortgage Loan files of the Company, excluding any questions
of legal interpretation. In addition, if applicable, such
accountants shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, which shall
include a statement or statements to the effect that based
upon the assumptions and methodology agreed to by the
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified
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<PAGE>
the mathematical accuracy of any initial Effective
Ranges of any PAC Certificates, Scheduled Certificates
or other scheduled Certificates set forth in such
Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
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<PAGE>
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
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<PAGE>
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof,
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
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<PAGE>
addition to any liability which the Underwriter may otherwise
have. The Company acknowledges that the statements set forth in
the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement
as such statements relate to such Offered Certificates and the
second sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
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<PAGE>
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the relative
fault of the Company on the one hand and the Underwriter on
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<PAGE>
the other in connection with the statements or omissions
which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any
other relevant equitable considerations. The relative fault
shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or the Underwriter
on the other and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent
such statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates that constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
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<PAGE>
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter; and
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
- 24 -
<PAGE>
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that any
Computational Materials or Structural Term Sheets with respect to
any Series of Certificates furnished to prospective investors
from and after May 21, 1996 have been prepared and disseminated
by the Underwriter and not by or on behalf of the Company, and
that such materials included and shall include a disclaimer in
form satisfactory to the Company to the effect that such
materials have been prepared and disseminated by the Underwriter,
and that the content and accuracy of such materials have not been
reviewed by the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
- 25 -
<PAGE>
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in the Offered Certificates that constitute "Collateral
Term Sheets." Each delivery of a Collateral Term Sheet to the
Company pursuant to this paragraph (a) shall be effected by
delivering four copies of such materials to counsel for the
Company on behalf of the Company at the address specified in
Section 3 hereof and one copy of such materials to the Company.
(Collateral Term Sheets and Structural Term Sheets are, together,
referred to herein as "ABS Term Sheets.") At the time of each
such delivery, the Underwriter shall indicate in writing that the
materials being delivered constitute Collateral Term Sheets, and,
if there has been any prior such delivery with respect to the
related Series, shall indicate whether such materials differ in
any material respect from any Collateral Term Sheets previously
delivered to the Company with respect to such Series pursuant to
- 26 -
<PAGE>
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
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
- 27 -
<PAGE>
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
- 28 -
<PAGE>
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
- 29 -
<PAGE>
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
- 30 -
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
LEHMAN BROTHERS 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 May 22, 1996
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Lehman Brothers 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,
LEHMAN BROTHERS 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
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-23
TERMS AGREEMENT
(to Underwriting Agreement
dated May 22, 1996,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus November 23, 1998
Cherry Hill, NJ 08002
Lehman Brothers 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 1998-23 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 1998-23 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-51151).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1998-23
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing, first lien one- to
four-family residential mortgage loans (the "Mortgage Loans")
having the following characteristics as of November 1, 1998 (the
"Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$521,577,060 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 $495,498,200 or greater than $547,655,900.
(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.
Section 2. The Certificates: The Offered Certificates shall
be issued as follows:
<PAGE>
(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
Principal Interest Purchase Price
Class Balance Rate Percentage
----- ------- ---- ----------
Class M $9,649,000 6.00% 91.343750%
Class B1 $4,172,000 6.00% 89.437500%
Class B2 $2,347,000 6.00% 83.750000%
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificate Principal Balance thereof plus
accrued interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, November 30,
1998 (the "Closing Date").
Section 4. Required Ratings: The Class M, Class B1 and
Class B2 Certificates shall have received Required Ratings of
"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,
LEHMAN BROTHERS INC.
By:___________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
EXECUTION
=================================================================
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
-------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of November 1, 1998
-------------------------------
REMIC Multi-Class Pass-Through Certificates,
Series 1998-23
=================================================================
<PAGE>
TABLE OF CONTENTS
Page
----
ARTICLE I
DEFINITIONS
Section 1.01. Definitions.......................................1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE
OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans.....................33
Section 2.02. Acceptance by Trustee............................36
Section 2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase...............37
Section 2.04. Execution of Certificates........................43
Section 2.05. Designations under the REMIC Provisions..........43
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer.......................44
Section 3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate
Account........................................47
Section 3.03. Collection of Taxes, Assessments and Other
Items..........................................50
Section 3.04. Permitted Debits to the Mortgage Loan Payment
Record.........................................50
Section 3.05. Maintenance of the Primary Insurance Policies....52
Section 3.06. Maintenance of Hazard Insurance..................52
Section 3.07. Assumption and Modification Agreements...........53
Section 3.08. Realization Upon Defaulted Mortgage Loans........53
Section 3.09. Trustee to Cooperate; Release of Mortgage
Files..........................................56
Section 3.10. Servicing Compensation; Payment of Certain
Expenses by the Company........................57
Section 3.11. Reports to the Trustee; Certificate Account
Statements.....................................57
Section 3.12. Annual Statement as to Compliance................58
Section 3.13. Annual Independent Public Accountants'
Servicing Report...............................58
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans.......58
Section 3.15. Maintenance of Certain Servicing Policies........59
Section 3.16. Optional Purchase of Defaulted Mortgage Loans....59
<PAGE>
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions....................................59
Section 4.02. Method of Distribution...........................63
Section 4.03. Allocation of Losses.............................63
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans.................................65
Section 4.05. Statements to Certificateholders.................66
Section 4.06. Servicer's Certificate...........................68
Section 4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property.............................68
Section 4.08. Reduction of Base Servicing Fees by
Compensating Interest Payments.................68
Section 4.09. Surety Bond......................................68
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates.................................69
Section 5.02. Registration of Transfer and Exchange of
Certificates...................................71
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates...................................76
Section 5.04. Persons Deemed Owners............................76
Section 5.05. Access to List of Certificateholders' Names
and Addresses..................................76
Section 5.06. Representation of Certain Certificateholders.....77
Section 5.07. Determination of COFI............................77
Section 5.08. Determination of LIBOR...........................78
ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company.........................79
Section 6.02. Merger or Consolidation of, or Assumption
of the Obligations of, the Company.............79
Section 6.03. Assignment.......................................79
Section 6.04. Limitation on Liability of the Company and
Others.........................................80
Section 6.05. The Company Not to Resign........................80
ARTICLE VII
DEFAULT
Section 7.01. Events of Default................................80
Section 7.02. Trustee to Act; Appointment of Successor.........82
Section 7.03. Notification to Certificateholders...............82
ii
<PAGE>
ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee................................83
Section 8.02. Certain Matters Affecting the Trustee............84
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans.................................85
Section 8.04. Trustee May Own Certificates.....................85
Section 8.05. The Company to Pay Trustee's Fees and Expenses...85
Section 8.06. Eligibility Requirements for Trustee.............86
Section 8.07. Resignation or Removal of Trustee................86
Section 8.08. Successor Trustee................................87
Section 8.09. Merger or Consolidation of Trustee...............87
Section 8.10. Appointment of Co-Trustee or Separate Trustee....87
Section 8.11. Compliance with REMIC Provisions; Tax Returns....88
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the Company
or Liquidation of All Mortgage Loans...........89
Section 9.02. Additional Termination Requirements..............90
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment.......................................91
Section 10.02. Recordation of Agreement........................92
Section 10.03. Limitation on Rights of Certificateholders......92
Section 10.04. Governing Law...................................93
Section 10.05. Notices.........................................93
Section 10.06. Notices to the Rating Agencies..................93
Section 10.07. Severability of Provisions......................93
Section 10.08. Certificates Nonassessable and Fully Paid.......94
iii
<PAGE>
Exhibits
- --------
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans (including list of Cooperative 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
EXHIBIT N Schedule of Pledged Asset Mortgage Loans
EXHIBIT O Senior Principal Priorities
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of
November 1, 1998, 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 Directed Component: 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 and any
Accretion Directed Components 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 Balance (or, in the case of any Class
of Notional Certificates, on the aggregate Notional
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 Specified Component (other than
any Principal Only Component), interest accrued during the
related Interest Accrual Period at the applicable
<PAGE>
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 Certificate Interest Losses for
such Distribution Date. Any Net Interest Shortfall and
Certificate Interest Losses shall be allocated among (x)
the Classes of Certificates (other than any Class of
Principal Only Certificates and any Class of Certificates
consisting of Specified Components) and (y) 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.
Additional Collateral: With respect to any Mortgage
100SM Loan, the marketable securities held from time to
time as security for the repayment of such Mortgage 100SM
Loan and any related collateral. With respect to any Parent
PowerSM Loan, the third-party guarantee for such Parent
PowerSM Loan, together with (i) any marketable securities
held from time to time as security for the performance of
such guarantee and any related collateral or (ii) any
mortgaged property securing the performance of such
guarantee, the related home equity line of credit loan and
any related collateral.
Agreement: This Pooling and Servicing Agreement and
all amendments hereof and supplements hereto.
Allocable Share: (a) As to any Distribution Date and
amounts distributable pursuant to clauses (i) and (iii) of
the definition of Junior Optimal Principal Amount, and as
to each Class of Junior Certificates, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
Principal Balance of the Junior Certificates.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount, and as to
the Class M Certificates and each Class of Class B
Certificates for which the related Prepayment Distribution
Trigger has been satisfied on such Distribution Date, the
fraction, expressed as a percentage, the numerator of which
is the Class Certificate Principal Balance of such Class
and the denominator of which is the aggregate Class
Certificate Principal Balance of all such Classes. As to
any Distribution Date and each Class of Class B
Certificates for which the related Prepayment Distribution
Trigger has not been satisfied on such Distribution Date,
0%.
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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 1999.
Assignment of Proprietary Lease: With respect to a
Cooperative Loan, the assignment of the related Proprietary
Lease from the Mortgagor to the originator of the
Cooperative Loan.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and 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 Remittance 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 Remittance 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 and Defaulted Mortgage Loans deposited in the
Certificate Account on the Business Day preceding such
Distribution Date (including any amounts deposited in the
Certificate Account in connection with any substitution of
a Mortgage Loan as specified in Section 2.03(b)), and (iv)
the purchase price of any defaulted Mortgage Loan purchased
under an agreement entered into pursuant to Section 3.08(e)
as of the end of the preceding Prepayment Period less the
sum of (x) the Amount Held for Future Distribution, (y) the
amount of any Unanticipated Recovery credited to the
Mortgage Loan Payment Record pursuant to clause (vi) of
Section 3.02(b), 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).
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Bankruptcy Loss Amount: As of any Determination Date
prior to the first Anniversary Determination Date, the
Bankruptcy Loss Amount shall equal $177,564, 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.
Base Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i)
the Scheduled Principal Balance of such Mortgage Loan as of
the Due Date in the preceding calendar month and (ii) the
Base Servicing Fee Rate for such Mortgage Loan. The Base
Servicing Fee for any Distribution Date is subject to
adjustment pursuant to Section 3.08(d) (with respect to a
Realized Loss) or the definition of Interest Loss (with
respect to the interest portion of a Debt Service
Reduction).
Base 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.
BBA: The British Bankers' Association.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than the
Class B3, Class B4, Class B5 and Class R Certificates,
constitutes a Class of Book-Entry Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
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<PAGE>
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
Buydown Funds: Funds contributed by the Mortgagor or
another source in order to reduce the interest payments
required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which
the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period
and the difference between the amount paid by the Mortgagor
and the amount specified in the Mortgage Note is paid from
the related Buydown Funds.
Buydown Period: The period during which Buydown Funds
are required to be applied to the related Buydown Mortgage
Loan.
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 Loss: (i) On or prior to the
Cross-Over Date, any Interest Loss in respect of an Excess
Loss and (ii) after the Cross-Over Date, any Interest Loss,
in each case to the extent such Interest Loss is allocable
to the Certificates in accordance with Section 3.08(d)
(with respect to a Realized Loss) or the definition of
Interest Loss (with respect to the interest portion of a
Debt Service Reduction).
Certificate Interest Rate: With respect to any Class
of Certificates, other than any LIBOR Certificate, and as
of any Distribution Date, the per annum fixed rate
specified in Section 5.01(b). With respect to any Class of
LIBOR Certificates, the per annum variable rate at any time
at which interest accrues on the Certificates of such
Class, as determined pursuant to Section 5.01(e).
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner
thereof.
Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal
Balance of such Certificate (plus, in the case of any
Accrual Certificate, its Percentage Interest of any related
Accrual Amount for each previous Distribution Date) less
the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal
Balance thereof on previous Distribution Dates pursuant to
Section 4.01, (ii) any Realized Losses allocated to such
Certificate on previous Distribution Dates pursuant to
Section 4.03(b) and (c), and (iii) in the case of a
Subordinate Certificate, such Certificate's Percentage
Interest of the Subordinate Certificate Writedown Amount
allocated to such Certificate on previous Distribution
Dates. The Notional Certificates are issued without
Certificate Principal Balances.
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<PAGE>
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 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 any Class of Certificates consisting
of Specified Components, the sum of the Class Interest
Shortfalls for such Components on such date.
Class PO Certificates: None.
Class PO Deferred Amount: As to any Distribution Date
on or prior to the Cross-Over Date, the aggregate of the
applicable PO Percentage of the principal portion of each
Realized Loss, other than any Excess Loss, to be allocated
to the Class PO Certificates on such Distribution Date or
previously allocated to the Class PO Certificates and not
yet paid to the Holders of the Class PO Certificates
pursuant to Section 4.01(a)(iv).
Closing Date: November 30, 1998.
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<PAGE>
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 Base Servicing Fees that the Company
would be entitled to retain on such Distribution Date (less
any portion thereof paid as servicing compensation to any
Primary Servicer) without giving effect to any Compensating
Interest Payment.
Component: Any of the components of a Class of
Component Certificates having the designations and the
initial Component Principal Balances as follows:
Initial Component
Designation Principal Balance
----------- -----------------
N/A N/A
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).
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<PAGE>
Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
Cooperative: A private, cooperative housing
corporation organized in accordance with applicable state
laws which owns or leases land and all or part of a
building or buildings located in the relevant state,
including apartments, spaces used for commercial purposes
and common areas therein and whose board of directors
authorizes, among other things, the sale of Cooperative
Stock.
Cooperative Apartment: A dwelling unit in a
multi-dwelling building owned or leased by a Cooperative,
which unit the Mortgagor has an exclusive right to occupy
pursuant to the terms of one or more Proprietary Leases.
Cooperative Loans: Any of the Mortgage Loans made in
respect of a Cooperative Apartment, evidenced by a Mortgage
Note and secured by (i) a Security Agreement, (ii) the
related Cooperative Stock Certificate(s), (iii) an
assignment of the Proprietary Lease(s), (iv) financing
statements and (v) a stock power (or other similar
instrument), and in addition thereto, a recognition
agreement between the Cooperative and the originator of the
Cooperative Loan, each of which was transferred and
assigned to the Trustee pursuant to Section 2.01 and are
from time to time held as part of the Trust Fund. The
Mortgage Loans identified as such in Exhibit C hereto are
Cooperative Loans.
Cooperative Stock: With respect to a Cooperative Loan,
the single outstanding class of stock, partnership interest
or other ownership instrument in the related Cooperative.
Cooperative Stock Certificate: With respect to a
Cooperative Loan, the stock certificate(s) or other
instrument evidencing the related Cooperative Stock.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at Two
International Place, Boston, Massachusetts 02110,
Attention: Corporate Trust Department.
Cross-Over Date: The first Distribution Date on which
the aggregate Class Certificate Principal Balance of the
Junior Certificates has been reduced to zero (giving effect
to all distributions on such Distribution Date).
Cut-off Date: November 1, 1998.
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.).
8
<PAGE>
Defaulted Mortgage Loan: With respect to any
Determination Date, a Mortgage Loan as to which the related
Mortgagor has failed to make unexcused payment in full of a
total of three or more consecutive installments of
principal and interest, and as to which such delinquent
installments have not been paid, as of the close of
business on the last Business Day of the month next
preceding the month of such Determination Date.
Defective Mortgage Loan: Any Mortgage Loan which is
required to be purchased by the Company (or which the
Company may replace with a substitute Mortgage Loan)
pursuant to Section 2.02 or 2.03(a).
Deficient Valuation: As to any Mortgage Loan and any
Determination Date, the excess of (a) the then outstanding
indebtedness under such Mortgage Loan over (b) the
valuation by a court of competent jurisdiction of the
related Mortgaged Property as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.),
pursuant to which such Mortgagor retained such Mortgaged
Property.
Definitive Certificate: Any Certificate, other than a
Book-Entry Certificate, issued in definitive, fully
registered form.
Definitive Restricted Junior Certificate: Any
Restricted Junior Certificate that is in the form of a
Definitive Certificate.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE &
Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(a)(5) 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 Loan listed in Exhibit
M hereto.
Designated Telerate Page: The Dow Jones Telerate
Service page 3750 (or such other page as may replace page
3750 on that service or such other service as may be
nominated by the BBA for the purpose of displaying the
Interest Settlement Rates).
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 6.00% per annum.
9
<PAGE>
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
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.
10
<PAGE>
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
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).
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<PAGE>
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date, (x) prior to the first anniversary of the
Cut-off Date, an amount equal to $5,215,771 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
to 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 to but excluding the third anniversaries of
the Cut-off Date) or 0.5% (from and including the third to
but 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 (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. As of any Distribution Date on or after the fifth
anniversary of the Cut-off Date the Fraud Loss Amount shall
be zero.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Initial LIBOR Rate: 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 Loss: (i) With respect to any Realized Loss,
the excess of accrued and unpaid interest due on the
related Mortgage Loan over the amount allocated to interest
thereon in accordance with Section 3.08(d), and (ii) with
respect to any Debt Service Reduction and any calendar
month, the reduction in the amount of interest due on the
related Mortgage Loan during such month as a result of the
relevant bankruptcy proceeding.
The amount of any Interest Loss described in clause
(i) of the preceding paragraph will be allocated among the
Base Servicing Fee, the Supplemental Servicing Fee and the
Certificates in accordance with Section 3.08(d). The amount
of any Interest
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<PAGE>
Loss described in clause (ii) of the preceding paragraph
will be allocated among the Base Servicing Fee, the
Supplemental Servicing Fee and the Certificates in
proportion to the amount of interest that would have been
allocated to the Base Servicing Fee at the Base Servicing
Fee Rate, the Supplemental Servicing Fee at the
Supplemental Servicing Fee Rate and interest at the
Remittance Rate, respectively, in the absence of the Debt
Service Reduction.
Interest Settlement Rate: With respect to any Interest
Accrual Period, the rate (expressed as a percentage per
annum) for one-month U.S. Dollar deposits reported by the
BBA at 11:00 a.m. London time on the related LIBOR
Determination Date and as it appears on the Designated
Telerate Page.
Interest Shortfall: With respect to any Distribution
Date and each Mortgage Loan that during the related
Prepayment Period was the subject of a Voluntary Principal
Prepayment or constitutes a Relief Act Mortgage Loan, an
amount determined as follows:
(A) partial principal prepayments: one month's
interest at the applicable Net Mortgage Rate on the
amount of such prepayment;
(B) principal prepayments in full 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 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.
For purposes of the definitions of Net Interest
Shortfall and Supplemental Servicing Fee, the amount of any
Interest Shortfall shall be allocated between the
Certificates and the Supplemental Servicing Fee in
proportion to the amount of interest
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that would have been allocated to the Certificates (at the
Remittance Rate) and the Supplemental Servicing Fee (at the
Supplemental Servicing Fee Rate), respectively, in the
absence of such Interest Shortfall.
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 previous Principal Prepayments and the principal
portion of Debt Service Reductions subsequent to the
Bankruptcy Coverage Termination Date but before any
adjustment to such amortization schedule by reason of any
bankruptcy (other than as aforesaid) or similar proceeding
or any moratorium or similar waiver or grace period);
(ii) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of all principal prepayments
in part received during the related Prepayment Period, and
100% of any Senior Optimal Principal Amount not distributed
to the Senior Certificates on such Distribution Date,
together with the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was the subject of a
Voluntary Principal Prepayment in full during the related
Prepayment Period;
(iii) the excess, if any, of (x) the applicable
Non-PO Percentage of the sum of (A) all Net Liquidation
Proceeds allocable to principal received during the related
Prepayment Period (other than in respect of Mortgage Loans
described in clause (B)) and (B) the principal balance of
each Mortgage Loan that was purchased by an insurer from
the Trustee during the related Prepayment Period pursuant
to the related Primary Insurance Policy, over (y) the
amount distributable pursuant to clause (iii) of the
definition of Senior Optimal Principal Amount on such
Distribution Date;
(iv) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased on such
Distribution Date pursuant to Section 2.02, 2.03(a) or
3.16; and
(v) the Junior Prepayment Percentage of the applicable
Non-PO Percentage of the Substitution Amount for any
Mortgage Loan substituted during the month of such
Distribution Date.
For purposes of clause (ii) above, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof.
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After the Class Certificate Principal Balances of the
Junior Certificates have been reduced to zero, the Junior
Optimal Principal Amount shall be zero.
Junior Percentage: As to any Distribution Date, the
excess of 100% over the Senior Percentage for such
Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date, the excess of 100% over the Senior Prepayment
Percentage for such Distribution Date, except that (i)
after the aggregate Certificate Principal Balance of the
Senior Certificates other than the Class PO Certificates
has been reduced to zero, the Junior Prepayment Percentage
shall be 100%, and (ii) after the Cross-Over Date, the
Junior Prepayment Percentage shall be zero.
Latest Possible Maturity Date: December 25, 2028.
LIBOR: With respect to any Interest Accrual Period,
the per annum rate determined, pursuant to Section 5.08, on
the basis of the Interest Settlement Rate or as otherwise
provided in such Section.
LIBOR Certificate: None.
LIBOR Determination Date: The second London Banking
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.
Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of
any defaulted Mortgage Loan whether through judicial
foreclosure or otherwise.
Loan-to-Value Ratio: With respect to each Mortgage
Loan, the original principal amount of such Mortgage Loan,
divided by the Original Value of the related Mortgaged
Property.
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London Banking Day: Any day on which banks are open
for dealing in foreign currency and exchange in London,
England.
Loss Allocation Limitation: As defined in Section
4.03(g).
MLCC: Merrill Lynch Credit Corporation, or its
successor in interest.
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 Remittance 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 or leasehold estate in
real property securing a Mortgage Note.
Mortgage 100SM Loan: A Mortgage Loan identified on
Exhibit N hereof that has a Loan-to-Value Ratio at
origination in excess of 80.00% and that is secured by
Additional Collateral and does not have a Primary Insurance
Policy.
Mortgage File: The mortgage documents listed in
Section 2.01 pertaining to a particular Mortgage Loan and
any additional documents required to be added to such
documents pursuant to this Agreement.
Mortgage Loan Payment Record: The record maintained by
the Company pursuant to Section 3.02(b).
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.
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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 underlying real property
securing the Mortgage Loan, or with respect to a
Cooperative Loan, the related Proprietary Lease and
Cooperative Stock.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date, the excess, if any, of the aggregate
Interest Shortfalls allocable to the Certificates (as
determined in accordance with the definition of Interest
Shortfall) 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 Base
Servicing Fee Rate.
Non-Book-Entry Certificate: Any Certificate other than
a Book-Entry Certificate.
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss
or Deficient Valuation.
Non-Discount Mortgage Loan: Any Mortgage Loan with a
Net Mortgage Rate greater than or equal to 6.00% 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 6.00%. 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.
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<PAGE>
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: None.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: None.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of
the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth
in the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any Due
Date, a Mortgage Loan which, prior to such Due Date, was
not the subject of a Principal Prepayment in full, did not
become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a) 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.
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<PAGE>
PAC Component: None.
Parent PowerSM Loan: A Mortgage Loan identified on
Exhibit N hereto that has a Loan-to-Value Ratio at
origination in excess of 80.00%, that is supported by
Additional Collateral and does not have a Primary Insurance
Policy.
Pay-out Rate: With respect to any Class of
Certificates (other than any Class of Principal Only
Certificates) and any Distribution Date, the rate at which
interest is distributed on such Class on such Distribution
Date and which is equal to a fraction (expressed as an
annualized percentage) the numerator of which is the
Accrued Certificate Interest for such Class and
Distribution Date, and the denominator of which is the
Class Certificate Principal Balance (or, in the case of the
Notional Certificates, the Notional Principal Balance) of
such Class immediately prior to such Distribution Date.
Percentage Interest: With respect to any Certificate,
the percentage interest in the undivided beneficial
ownership interest in the Trust Fund evidenced by
Certificates of the same Class as such Certificate. With
respect to any Certificate, the Percentage Interest
evidenced thereby shall equal the Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance)
thereof divided by the aggregate Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the aggregate initial Notional Principal
Balance) of all Certificates of the same Class.
Permitted Investments: One or more of the following;
provided, however, that no such Permitted Investment may
mature later than the Business Day preceding the
Distribution Date after such investment except as otherwise
provided in Section 3.02(e) hereof, provided, further, that
such investments qualify as "cash flow investments" as
defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely receipt
of principal and interest by, the United States or any
agency or instrumentality thereof when such obligations are
backed by the full faith and credit of the United States;
(ii) repurchase agreements on obligations specified in
clause (i) provided that the unsecured obligations of the
party agreeing to repurchase such obligations are at the
time rated by each Rating Agency in the highest long-term
rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S. depository
institution or trust company incorporated under the laws of
the United States or any state provided that the debt
obligations of such depository institution or trust company
at the date of acquisition thereof have been rated by each
Rating Agency in the highest long-term rating category;
(iv) commercial paper of any corporation incorporated
under the laws of the United States or any state thereof
which on the date of acquisition has the highest short term
rating of each Rating Agency; and
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<PAGE>
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted Investment
hereunder and will not, as evidenced in writing, result in
a reduction or withdrawal in the then current rating of the
Certificates.
Notwithstanding the foregoing, Permitted Investments
shall not include "stripped securities" and investments
which contractually may return less than the purchase price
therefor.
Person: Any legal person, including any individual,
corporation, partnership, 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.
Pledged Asset Loan-to-Value Ratio: With respect to any
Pledged Asset Mortgage Loan, (i) the original loan amount
less the portion of any required Additional Collateral
which is covered by the Surety Bond, divided by (ii) the
Original Value of the related Mortgaged Property.
Pledged Asset Mortgage Loan: Each Mortgage 100SM Loan
and Parent PowerSM Loan purchased from MLCC that is
supported by Additional Collateral and identified on
Exhibit N hereto.
Pledged Asset Mortgage Servicing Agreement: The
Amended and Restated Pledged Asset Mortgage Servicing
Agreement, dated as of June 2, 1998, between MLCC and the
Company.
PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the excess of 6.00% over the Net Mortgage Rate of
such Discount Mortgage Loan and the denominator of which is
6.00%. 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 the principal
portion of Debt Service Reductions subsequent to the
Bankruptcy Coverage Termination Date but before any
adjustment to such amortization schedule by reason of any
bankruptcy (except as aforesaid) or similar proceeding or
any moratorium or similar waiver or grace period);
(ii) 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
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<PAGE>
Mortgage Loan which was the subject of a Voluntary
Principal Prepayment in full during the related Prepayment
Period;
(iii) the sum of (A) all Net Liquidation Proceeds
allocable to principal received in respect of each Mortgage
Loan that became a Liquidated Mortgage Loan during the
related Prepayment Period (other than Mortgage Loans
described in clause (B)) and (B) the principal balance of
each Mortgage Loan purchased by an insurer from the Trustee
pursuant to the related Primary Insurance Policy, in each
case during the related Prepayment Period;
(iv) the Scheduled Principal Balance (as reduced by
any Deficient Valuation occurring on or prior to the
Bankruptcy Coverage Termination Date) of each Mortgage Loan
which was purchased on such Distribution Date pursuant to
Section 2.02, 2.03(a) or 3.16; and
(v) the Substitution Amount for any Mortgage Loan
substituted during the month of such Distribution Date; for
purposes of this clause (v), the definition of
"Substitution Amount" shall be modified to reduce the
Scheduled Principal Balance of the Mortgage Loan that is
substituted for by any Deficient Valuation occurring on or
prior to the Bankruptcy Coverage Termination Date.
For purposes of clause (ii) above, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof.
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: 275% of the Prepayment
Assumption.
Prepayment Distribution Trigger: As of any
Distribution Date and as to each Class of Class B
Certificates, the related Prepayment Distribution Trigger
is satisfied if (x) the fraction, expressed as a
percentage, the numerator of which is the aggregate Class
Certificate Principal Balance of such Class and each Class
subordinate thereto, if any, on such Distribution Date, and
the denominator of which is the Pool Scheduled Principal
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<PAGE>
Balance for such Distribution Date, equals or exceeds (y)
such percentage calculated as of the Closing Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
amounts paid in respect of interest on such Principal
Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof. All Prepayment Interest Excess shall be
retained by the Company, as servicer, as additional
servicing compensation.
Prepayment Period: With respect to any Distribution
Date and any Voluntary Principal Prepayment in part or
other Principal Prepayment other than a Voluntary Principal
Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution
Date and any Voluntary Principal Prepayment in full, the
period beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, beginning on the
Cut-off Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private
mortgage insurance relating to a particular Mortgage Loan,
or an electronic screen print setting forth the information
contained in such certificate of private mortgage
insurance, including, without limitation, information
relating to the name of the mortgage insurance carrier, the
certificate number, the loan amount, the property address,
the effective date of coverage, the amount of coverage and
the expiration date of the policy. Each such policy covers
defaults by the Mortgagor, which coverage shall equal the
portion of the unpaid principal balance of the related
Mortgage Loan that exceeds 75% (or such lesser coverage
required or permitted by FNMA or FHLMC) of the Original
Value of the underlying Mortgaged Property.
Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(f).
Principal Balance Schedules: Any principal balance
schedules attached hereto, if applicable, as Exhibit B,
setting forth the PAC Balances of any PAC Certificates and
PAC Components, the TAC Balances of any TAC Certificates
and TAC Components and the Scheduled Balances of any
Scheduled Certificates and Scheduled Components.
Principal Only Certificate: None.
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 and any REO
Proceeds treated as such pursuant to Section 3.08(b)) which
is received in advance
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<PAGE>
of its scheduled Due Date and is not accompanied by an
amount of interest representing scheduled interest for any
month subsequent to the month of prepayment.
Private Placement Memorandum: The private placement
memorandum relating to the Restricted Junior Certificates
dated November 23, 1998.
Prohibited Transaction Exemption: U.S. Department of
Labor Prohibited Transaction Exemption 90-83, 55 Fed. Reg.
50250, December 5, 1990.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the
extent the Company is not reimbursed therefor pursuant to
the Primary Insurance Policy, if any, or any other
insurance policy with respect thereto.
Proprietary Lease: With respect to a Cooperative Loan,
the proprietary lease(s) or occupancy agreement with
respect to the Cooperative Apartment occupied by the
Mortgagor and relating to the related Cooperative Stock,
which lease or agreement confers an exclusive right to the
holder of such Cooperative Stock to occupy such apartment.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the
Company is the servicer hereunder, such purchase price
shall be net of unreimbursed Monthly Advances with respect
to such Mortgage Loan, and the interest component of the
Purchase Price may be computed on the basis of the
Remittance Rate for such Mortgage Loan.
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.
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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.
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.
Remittance Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the sum of the applicable
Base Servicing Fee Rate and the Supplemental Servicing Fee
Rate.
REO Mortgage Loan: Any Mortgage Loan which is not a
Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the Trust Fund.
REO Proceeds: Proceeds, net of any related expenses of
the Company, received in respect of any REO Mortgage Loan
(including, without limitation, proceeds from the rental of
the related Mortgaged Property).
Required Surety Payment: With respect to any Pledged
Asset Mortgage Loan that becomes a Liquidated Mortgage
Loan, the lesser of (i) the principal portion of the
Realized Loss with respect to such Mortgage Loan and (ii)
the excess, if any, of (a) the amount of Additional
Collateral required at origination with respect to such
Mortgage Loan which is covered by the Surety Bond over (b)
the net proceeds realized by MLCC from the liquidation of
the related Additional Collateral.
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
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<PAGE>
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.
Restricted Junior Certificate: Any Class B3, Class B4
or Class B5 Certificate.
S&P: Standard & Poor's Ratings 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 Certificate: None.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan
and Distribution Date, the principal balance of such
Mortgage Loan as of the Due Date in the month next
preceding the month of such Distribution Date (or, if so
specified, such other date) as specified in the
amortization schedule at the time relating to such Mortgage
Loan (before any adjustment to such amortization schedule
by reason of any bankruptcy or similar proceeding or any
moratorium or similar waiver or grace period) after giving
effect to any previous Principal Prepayments, Deficient
Valuations incurred subsequent to the Bankruptcy Coverage
Termination Date, adjustments due to the application of the
Relief Act and the payment of principal due on such Due
Date, irrespective of any delinquency in payment by the
related Mortgagor. As to any Mortgage Loan and the Cut-off
Date, the "unpaid balance" thereof specified in the initial
Mortgage Loan Schedule.
Security Agreement: With respect to a Cooperative
Loan, the agreement creating a security interest in favor
of the originator in the related Cooperative Stock and
Proprietary Lease.
Senior Certificate: Any Certificate other than a
Junior 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).
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Senior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of:
(i) the Senior Percentage of the applicable Non-PO
Percentage of the principal portion of each Monthly Payment
due on the related Due Date on each Outstanding Mortgage
Loan as of such Due Date as specified in the amortization
schedule at the time applicable thereto (after adjustments
for previous Principal Prepayments and the principal
portion of Debt Service Reductions subsequent to the
Bankruptcy Coverage Termination Date but before any
adjustment to such amortization schedule by reason of any
bankruptcy (except as aforesaid) or similar proceeding or
any moratorium or similar waiver or grace period);
(ii) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of all principal prepayments
in part received during the related Prepayment Period,
together with the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was the subject of a
Voluntary Principal Prepayment in full during the related
Prepayment Period;
(iii) the lesser of (x) the Senior Percentage of the
applicable Non-PO Percentage of the sum of (A) the
Scheduled Principal Balance of each Mortgage Loan that
became a Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) during the related
Prepayment Period and (B) the Scheduled Principal Balance
of each Mortgage Loan that was purchased by an insurer from
the Trustee during the related Prepayment Period pursuant
to the related Primary Insurance Policy, as reduced in each
case by the Senior Percentage of the applicable Non-PO
Percentage of the principal portion of any Excess Losses
(other than Excess Bankruptcy Losses attributable to Debt
Service Reductions), and (y) the Senior Prepayment
Percentage of the applicable Non-PO Percentage of the sum
of (A) all Net Liquidation Proceeds allocable to principal
received in respect of each such Liquidated Mortgage Loan
(other than Mortgage Loans described in clause (B)) and (B)
the principal balance of each such Mortgage Loan purchased
by an insurer from the Trustee pursuant to the related
Primary Insurance Policy, in each case during the related
Prepayment Period;
(iv) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased on such
Distribution Date pursuant to Section 2.02, 2.03(a) or
3.16; and
(v) the Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Substitution Amount for any
Mortgage Loan substituted during the month of such
Distribution Date.
For purposes of clause (ii) above, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof.
Senior Percentage: As to any Distribution Date, the
lesser of (i) 100% and (ii) the percentage (carried to ten
places rounded up) obtained by dividing the Senior
Certificate
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Principal Balance immediately prior to such Distribution
Date by an amount equal to the sum of the Certificate
Principal Balances of all the Certificates other than any
Class PO Certificates immediately prior to such
Distribution Date.
Senior Prepayment Percentage: For any Distribution
Date occurring prior to the fifth anniversary of the first
Distribution Date, 100%. For any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to November
2003 to and including the Distribution Date in November
2004, the Senior Percentage for such Distribution Date plus
70% of the Junior Percentage for such Distribution Date;
(ii) for any Distribution Date subsequent to November
2004 to and including the Distribution Date in November
2005, the Senior Percentage for such Distribution Date plus
60% of the Junior Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to
November 2005 to and including the Distribution Date in
November 2006, the Senior Percentage for such Distribution
Date plus 40% of the Junior Percentage for such
Distribution Date;
(iv) for any Distribution Date subsequent to November
2006 to and including the Distribution Date in November
2007, the Senior Percentage for such Distribution Date plus
20% of the Junior Percentage for such Distribution Date;
and
(v) for any Distribution Date thereafter, the Senior
Percentage for such Distribution Date.
Notwithstanding the foregoing, if on any Distribution
Date the Senior Percentage exceeds the Senior Percentage as
of the Closing Date, the Senior Prepayment Percentage for
such Distribution Date will equal 100%.
In addition, notwithstanding the foregoing, no
reduction of the Senior Prepayment Percentage below the
level in effect for the most recent prior period as set
forth in clauses (i) through (iv) above shall be effective
on any Distribution Date unless at least one of the
following two tests is satisfied:
Test I: If, as of the last day of the month preceding
such Distribution Date, (i) the aggregate Scheduled
Principal Balance of Mortgage Loans delinquent 60 days or
more (including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) as a percentage of the
aggregate Class Certificate Principal Balance of the Junior
Certificates as of such date, does not exceed 50%, and (ii)
cumulative Realized Losses with respect to the Mortgage
Loans do not exceed (a) 30% of the aggregate Class
Certificate Principal Balance of the Junior Certificates as
of the Closing Date (the "Original Subordinate Principal
Balance") if such Distribution Date occurs between and
including December 2003 and November 2004, (b) 35% of the
Original Subordinate Principal Balance if such Distribution
Date occurs between and including December 2004 and
November 2005, (c) 40% of the Original Subordinate
Principal Balance if such
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Distribution Date occurs between
and including December 2005 and November 2006, (d) 45% of
the Original Subordinate Principal Balance if such
Distribution Date occurs between and including December
2006 and November 2007 and (e) 50% of the Original
Subordinate Principal Balance if such Distribution Date
occurs during or after December 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 December 2003 and November 2004, (b) 15% of the
Original Subordinate Principal Balance if such Distribution
Date occurs between and including December 2004 and
November 2005, (c) 20% of the Original Subordinate
Principal Balance if such Distribution Date occurs between
and including December 2005 and November 2006, (d) 25% of
the Original Subordinate Principal Balance if such
Distribution Date occurs between and including December
2006 and November 2007, and (e) 30% of the Original
Subordinate Principal Balance if such Distribution Date
occurs during or after December 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, the sum of (a) the Base Servicing Fee
and (b) the Supplemental Servicing Fee.
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:
(A) normal wear and tear;
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(B) conversion or other dishonest act on the part
of the Trustee, the Company or any of their agents or
employees; or
(C) errors in design, faulty workmanship or faulty
materials, unless the collapse of the property or a
part thereof ensues;
or (ii) any Realized Loss suffered by the Trust Fund
arising from or related to the presence or suspected
presence of hazardous wastes or hazardous substances on a
Mortgaged Property unless such loss to a Mortgaged Property
is covered by a hazard policy or a flood insurance policy
required to be maintained in respect of such Mortgaged
Property under Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $5,215,771 minus the sum of (i)
the aggregate amount of Special Hazard Losses that would
have been allocated to the Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the Adjustment Amount (as
defined below) as most recently calculated. On each
anniversary of the Cut-off Date, the "Adjustment Amount"
shall be equal to the amount, if any, by which the amount
calculated in accordance with the preceding sentence
(without giving effect to the deduction of the Adjustment
Amount for such anniversary) exceeds the lesser of (x) the
greater of (A) the product of the Special Hazard Percentage
for such anniversary multiplied by the outstanding
principal balance of all the Mortgage Loans on the
Distribution Date immediately preceding such anniversary
and (B) twice the outstanding principal balance of the
Mortgage Loan which has the largest outstanding principal
balance on the Distribution Date immediately preceding such
anniversary, and (y) an amount 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 2.05(b).
Subordinate Certificates: As to any date of
determination, first, the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; second, the Class B4 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; third, the Class B3 Certificates until the
Class Certificate Principal
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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.
Supplemental Servicing Fee: As to any Mortgage Loan
and Distribution Date, an amount equal to the product of
(i) the Scheduled Principal Balance of such Mortgage Loan
as of the Due Date in the preceding calendar month and (ii)
the Supplemental Servicing Fee Rate for such Mortgage Loan.
The Supplemental Servicing Fee for any Distribution Date
shall be reduced by its allocable share of Interest
Shortfalls (as provided in the definition thereof) and any
Interest Losses (in accordance with Section 3.08(d)).
Supplemental Servicing Fee Rate: As to any Mortgage
Loan and Distribution Date, a fixed rate per annum equal to
the excess, if any, of the Net Mortgage Rate thereof over
6.00%.
Surety: Ambac Assurance Corporation, or its successors
in interest.
Surety Bond: The Limited Purpose Surety Bond (Policy
No. AB0039BE), dated February 28, 1996, issued by the
Surety for the benefit of certain beneficiaries, including
the Trustee for the benefit of the Holders of the
Certificates, but only to the extent that such Limited
Purpose Surety Bond covers any Pledged Asset Mortgage
Loans.
TAC Balance: As to any Distribution Date and any Class
of TAC Certificates and any TAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules attached as Exhibit B hereto.
TAC Certificates: None.
TAC Component: None.
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Trigger Event: Any one or more of the following: (i)
if the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or if General
Electric Capital Corporation shall not own (directly or
indirectly) at least two-thirds of the voting shares of the
capital stock of the Company, (ii) if the long-term senior
unsecured rating of General Electric Capital Corporation is
downgraded or withdrawn by Fitch or S&P below their two
highest rating categories, (iii) if General Electric
Capital Corporation is no longer obligated pursuant to the
terms of the support agreement, dated as of October 1,
1990, between General Electric Capital Corporation and the
Company, to maintain the Company's net worth or liquidity
(as such terms are defined therein) at the levels specified
therein, or if such support agreement, including any
amendment thereto, has been breached, terminated or
otherwise held to be unenforceable and (iv) if such support
agreement, including any amendment thereto, is amended or
modified.
Trust Fund: The corpus of the trust created by this
Agreement evidenced by the Certificates and consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of such
Mortgage Loans, except as otherwise described in the first
paragraph of Section 2.01, including the proceeds from the
liquidation of any Additional Collateral for any Pledged
Asset Mortgage Loan;
(iii) the obligation of the Company to deposit in the
Certificate Account the amounts required by Sections
3.02(d), 3.02(e) and 4.04(a), and the obligation of the
Trustee to deposit in the Certificate Account any amount
required pursuant to Section 4.04(b);
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan pursuant to Section
2.02 or 2.03;
(v) all property acquired by foreclosure or deed in
lieu of foreclosure with respect to any REO Mortgage Loan;
(vi) the proceeds of the Primary Insurance Policies,
if any, and the hazard insurance policies required by
Section 3.06, in each case, in respect of the Mortgage
Loans, and the Company's interest in the Surety Bond
transferred to the Trustee pursuant to Section 2.01;
(vii) the Certificate Account established pursuant to
Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established pursuant to Section 3.02(e);
(ix) any collateral funds established to secure the
obligations of the Holder of the Class B4 and Class B5
Certificates, respectively, under any agreements entered
into between such holder and the Company pursuant to
Section 3.08(e) (which collateral funds will not constitute
a part of any REMIC established hereunder); and
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(x) all rights of the Company as assignee under any
security agreements, pledge agreements or guarantees
relating to the Additional Collateral supporting any
Pledged Asset Mortgage Loan.
Trustee: The institution executing this Agreement as
Trustee, or its successor in interest, or if any successor
trustee is appointed as herein provided, then such
successor trustee so appointed.
Unanticipated Recovery: As defined in Section 4.01(f)
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 (other than any Class of Principal Only
Certificates) and any Specified Component thereof (other
than any Principal Only Component), 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.
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, 100% of all Voting
Rights shall be allocated among the Classes of Certificates
(and among the Certificates within each Class of
Certificates) in proportion to their Class Certificate
Principal Balances or Certificate Principal Balances, as
the case may be.
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ARTICLE II
CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. (a) The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee without recourse (except as provided
herein) all the right, title and interest of the Company in and
to the Mortgage Loans, including all interest and principal
received by the Company on or with respect to the Mortgage Loans
(other than payments of principal and interest due and payable on
the Mortgage Loans on or before, and all Principal Prepayments
received before, the Cut-off Date).
In addition, with respect to any Pledged Asset
Mortgage Loan, the Company does hereby transfer, assign, set-over
and otherwise convey to the Trustee without recourse (except as
provided herein) (i) its rights as assignee under any security
agreements, pledge agreements or guarantees relating to the
Additional Collateral supporting any Pledged Asset Mortgage Loan,
(ii) its security interest in and to any Additional Collateral,
(iii) its right to receive payments in respect of any Pledged
Asset Mortgage Loan pursuant to the Pledged Asset Mortgage
Servicing Agreement, and (iv) its rights as beneficiary under the
Surety Bond in respect of any Pledged Asset Mortgage Loan.
(b) In connection with such transfer and assignment, the
Company does hereby deliver to the Trustee the following
documents or instruments with respect to:
(1) Each Mortgage Loan (other than any Cooperative
Loan or Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in
blank by the Company, including all intervening
endorsements showing a complete chain of endorsement from
the originator to the Company; provided, however, that if
such Mortgage Note is a Confirmatory Mortgage Note, such
Confirmatory Mortgage Note may be payable directly to the
Company or may show a complete chain of endorsement from
the named payee to the Company;
(ii) Any assumption and modification agreement;
(iii) An assignment in recordable form (which may be
included in a blanket assignment or assignments) of the Mortgage
to the Trustee; and
(2) Each Cooperative Loan (other than a Designated
Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in
blank by the Company and showing an unbroken chain of
endorsements from the originator to the Company; provided,
however, that if such Mortgage Note is a Confirmatory
Mortgage Note, such Confirmatory Mortgage Note may be
payable directly to the Company or may show a complete
chain of endorsement from the named payee to the Company;
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(ii) A counterpart of the Proprietary Lease and the
Assignment of Proprietary Lease executed in blank or to the
originator of the Cooperative Loan;
(iii) The related Cooperative Stock Certificate,
together with an undated stock power (or other similar
instrument) executed in blank;
(iv) A counterpart of the recognition agreement by the
Cooperative of the interests of the mortgagee with respect
to the related Cooperative Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing statement,
and any continuation statements, filed by the originator of
such Cooperative Loan as secured party, each with evidence
of recording thereof, evidencing the interest of the
originator in the Cooperative Stock and the Proprietary
Lease;
(vii) If applicable, copies of the UCC-3 assignments
of the security interest described in clause (vi) above,
sent to the appropriate public office for filing, showing
an unbroken chain of title from the originator to the
Company, evidencing the security interest of the originator
in the Cooperative Stock and the Proprietary Lease;
(viii) An executed assignment (which may be a blanket
assignment for all Cooperative Loans) of the interest of
the Company in the Security Agreement, Assignment of
Proprietary Lease and the recognition agreement described
in clause (iv) above, showing an unbroken chain of title
from the originator to the Trustee; and
(ix) A UCC-3 assignment from the Company to the
Trustee of the security interest described in clause (vi)
above, in form suitable for filing, otherwise complete
except for filing information regarding the original UCC-1
if unavailable (which may be included in a blanket
assignment to the Trustee).
In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
the Trustee in accordance with Section 2.01(b)(1)(iii) prior to
or concurrently with the execution and delivery of this
Agreement, due to a delay in connection with recording of the
Mortgage, the Company may, in lieu of delivering the completed
assignment in recordable form, deliver to the Trustee the
assignment in such form, otherwise complete except for recording
information.
(3) With respect to each Designated Loan, the Company
does hereby deliver to the Trustee the Designated Loan
Closing Documents.
(c) In connection with each Mortgage Loan transferred and
assigned to the Trustee, the Company shall deliver to the Trustee
the following documents or instruments as promptly as
practicable, but in any event within 30 days, after receipt by
the Company of all such documents and instruments for all of the
outstanding Mortgage Loans:
(i) the Mortgage with evidence of recording indicated
thereon (other than with respect to a Cooperative Loan);
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(ii) a copy of the title insurance policy (other than
with respect to a Cooperative Loan);
(iii) with respect to any Mortgage that has been
assigned to the Company, the related recorded intervening
assignment or assignments of Mortgage, showing a complete
chain of assignment from the originator to the Company
(other than with respect to a Cooperative Loan); and
(iv) with respect to any Cooperative Loan that has
been assigned to the Company, the related filed intervening
UCC-3 financing statements (not previously delivered
pursuant to Section 2.01(b)(2)(vii)), showing a complete
chain of assignment from the named originator to the
Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) title insurance binders with respect to the Mortgage Loans
(other than with respect to a Cooperative Loan). The Company
shall also retain in its files evidence of any primary mortgage
insurance relating to the Mortgage Loans during the period when
the related insurance is in force. Such evidence shall consist,
for each Mortgage Loan, of a certificate of private mortgage
insurance relating to such 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. (The copies of the
Mortgage, intervening assignments of Mortgage, if any, title
insurance binder and the Primary Insurance Policy, if any,
described in the second and third preceding sentences are
collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the
Trustee in writing if such delivery to the Trustee shall not have
occurred on or before the first anniversary of the Closing Date.
The Company shall promptly furnish to the Trustee the documents
included in the Document Files (other than any such documents
previously delivered to the Trustee as originals or copies)
either (a) upon the written request of the Trustee or (b) when
the Company or the Trustee obtains actual notice or knowledge of
a Trigger Event. The Trustee shall have no obligation to request
delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
(d) The Company shall not be required to record the
assignments of the Mortgages referred to in Section
2.01(b)(1)(iii) or file the UCC-3 assignments referred to in
Section 2.01(b)(2)(ix) to the Trustee unless the Company or the
Trustee obtains actual notice or knowledge of the occurrence of
any Trigger Event; provided, however, that such recording or
filing shall not be required if the Company delivers to the
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
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or knowledge of any of such events shall give the other party
prompt written notice thereof. For purposes of the foregoing (as
well as for purposes of determining whether the Company shall be
required to deliver the Document Files to the Trustee following
the occurrence of a Trigger Event), the Company shall be deemed
to have knowledge of any such downgrading referred to in the
definition of Trigger Event if, in the exercise of reasonable
diligence, the Company has or should have had knowledge thereof.
As promptly as practicable subsequent to the Company's delivery
or receipt of such written notice, as the case may be, the
Company shall insert the recording or filing information in the
assignments of the Mortgages or UCC-3 assignments to the Trustee
and shall cause the same to be recorded or filed, at the
Company's expense, in the appropriate public office for real
property records or UCC financing statements, except that the
Company need not cause to be so completed and recorded any
assignment of mortgage which relates to a Mortgage Loan secured
by property in a jurisdiction under the laws of which, on the
basis of an Opinion of Counsel reasonably satisfactory to the
Trustee and satisfactory to each Rating Agency (as evidenced in
writing), recordation of such assignment is not necessary to
protect the Trustee against discharge of such Mortgage Loan by
the Company or any valid assertion that any Person other than the
Trustee has title to or any rights in such Mortgage Loan. In the
event that the Company fails or refuses to record or file the
assignment of Mortgages or UCC-3 financing statement in the
circumstances provided above, the Trustee shall record or cause
to be recorded or filed such assignment or UCC-3 financing
statement at the expense of the Company. In connection with any
such recording or filing, the Company shall furnish such
documents as may be reasonably necessary to accomplish such
recording or filing. Notwithstanding the foregoing, at any time
the Company may record or file, or cause to be recorded or filed,
the assignments of Mortgages or UCC-3 financing statement at the
expense of the Company.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt of the Mortgage Notes, the assignments of the Mortgages
to the Trustee, the assumption and modification agreements, if
any, the documents specified in Section 2.01(b)(2) (subject to
any permitted delayed delivery of the documents described in
Section 2.01(c)(iv)), and the Designated Loan Closing Documents,
if any, delivered pursuant to Section 2.01, and declares that the
Trustee holds and will hold such documents and each other
document delivered to it pursuant to Section 2.01 in trust, upon
the trusts herein set forth, for the use and benefit of all
present and future Certificateholders. The Trustee agrees, for
the benefit of Certificateholders, to review each Mortgage File
within 45 days after (i) the execution and delivery of this
Agreement, in the case of the Mortgage Notes, the assignments of
the Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2)
(subject to any permitted delayed delivery of the documents
described in Section 2.01(c)(iv)), and the Designated Loan
Closing Documents, if any, (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, recorded intervening assignments of Mortgage,
if any, and filed intervening UC 3 financing statements, if any,
with respect to any Cooperative Loan 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.
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It is understood that the scope of the Trustee's examination of
the Mortgage Files is limited solely to confirming, after receipt
of the documents listed in Section 2.01, that such documents have
been executed, received and recorded, if applicable, and relate
to the Mortgage Loans identified in Exhibit C to this Agreement.
If in the course of such review the Trustee finds (1) that any
document required to be delivered as aforesaid has not been
delivered, or (2) any such document has been mutilated, defaced
or physically altered without the borrower's authorization or
approval, or (3) based upon its examination of such documents,
the information with respect to any Mortgage Loan set forth on
Exhibit C is not accurate, the Trustee shall promptly so notify
the Company in writing, which shall have a period of 60 days
after receipt of such notice to correct or cure any such defect.
The Company hereby covenants and agrees that, if any such
material defect cannot be corrected or cured, the Company will on
a Distribution Date which is not later than the first
Distribution Date which is more than ten days after the end of
such 60-day period repurchase the related Mortgage Loan from the
Trustee at the Purchase Price therefor or replace such Mortgage
Loan pursuant to Section 2.03(b); provided, however, that if the
defect (or breach pursuant to Section 2.03(a)) is one that, had
it been discovered before the Startup Day, would have prevented
the Mortgage Loan from being a "qualified mortgage" within the
meaning of the REMIC Provisions, such defect or breach shall be
cured, or the related Mortgage Loan shall be repurchased or
replaced, on a Distribution Date which falls within 90 days of
the date of discovery of such defect or breach. The Purchase
Price for the repurchased Mortgage Loan, or any amount required
in respect of a substitution pursuant to Section 2.03(b), shall
be deposited by the Company in the Certificate Account pursuant
to Section 3.02(d) on the Business Day prior to the applicable
Distribution Date and, upon receipt by the Trustee of written
notification of such deposit signed by a Servicing Officer, the
Trustee shall release or cause to be released to the Company the
related Mortgage File and shall execute and deliver or cause to
be executed and delivered such instruments of transfer or
assignment, in each case without recourse, as shall be necessary
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, other than with respect to Cooperative Loans,
each Mortgage is a valid and enforceable first lien on the
property securing the related Mortgage Note subject only to
(a) the lien of current real property taxes and
assessments, (b) covenants, conditions and restrictions,
rights of way, easements and other matters of public record
as of the date of recording of such
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Mortgage, such exceptions appearing of record being
acceptable to mortgage lending institutions generally in
the area wherein the property subject to the Mortgage is
located or specifically reflected in the appraisal obtained
in connection with the origination of the related Mortgage
Loan obtained by the Company and (c) other matters to which
like properties are commonly subject which do not
materially interfere with the benefits of the security
intended to be provided by such Mortgage;
(iii) Immediately prior to the transfer and assignment
herein contemplated, the Company had good title to, and was
the sole owner of, each Mortgage Loan and all action had
been taken to obtain good record title to each related
Mortgage. Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance of the
Certificates, no payment of principal of or interest on or
in respect of any Mortgage Loan is 30 or more days past due
and none of the Mortgage Loans have been past due 30 or
more days more than once during the preceding 12 months;
(v) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
there is no mechanics' lien or claim for work, labor or
material affecting the premises subject to any Mortgage
which is or may be a lien prior to, or equal or coordinate
with, the lien of such Mortgage except those which are
insured against by the title insurance policy referred to
in (x) below;
(vi) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
there is no delinquent tax or assessment lien against the
property subject to any Mortgage;
(vii) As of the date of the initial issuance of the
Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage, including
the obligation of the Mortgagor to pay the unpaid principal
and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage
(or, in the case of a Cooperative Loan, the related
Cooperative Apartment) is free of material damage and is in
good repair;
(ix) Each Mortgage Loan at the time it was made
complied in all material respects with applicable state and
federal laws, including, without limitation, usury, equal
credit opportunity and disclosure laws;
(x) Other than with respect to Cooperative Loans, a
lender's title insurance policy or binder, or other
assurance of title insurance customary in the relevant
jurisdiction therefor was issued on the date of the
origination of each Mortgage Loan and each such policy or
binder is valid and remains in full force and effect;
(xi) None of the Mortgage Loans constitute Pledged
Asset Mortgage Loans. The Loan-to-Value Ratio of each
Mortgage Loan was not more than 95.00%. As of the Cut-off
Date, no more than 11.80% of the Mortgage Loans by
Scheduled Principal
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Balance had Loan-to-Value Ratios of more than 80%
and each such Mortgage Loan is covered by a Primary
Insurance Policy so long as its then outstanding principal
amount exceeds 80% of the greater of (a) the Original Value
and (b) the then current value of the related Mortgaged
Property as evidenced by an appraisal thereof satisfactory
to the Company. Each Primary Insurance Policy is issued by
a private mortgage insurer acceptable to FNMA or FHLMC;
(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 6.25% per annum and not greater than
8.75% per annum. The Mortgage Rate of each Mortgage Note is
fixed for the life of the related Mortgage Loan;
(xiii) Other than with respect to Cooperative Loans,
the improvements on the Mortgaged Properties are insured
against loss under a hazard insurance policy with extended
coverage and conforming to the requirements of Section 3.06
hereof. As of the date of initial issuance of the
Certificates, all such insurance policies are in full force
and effect;
(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 had a Scheduled Principal Balance of more
than $750,000 and up to and including $1,000,000; and (iii)
none of the Mortgage Loans had a Scheduled Principal
Balance of more than $1,000,000;
(xv) As of the Cut-off Date, no more than 1.00% of the
Mortgage Loans by Scheduled Principal Balance are secured
by Mortgaged Properties located in any one postal zip code
area;
(xvi) As of the Cut-off Date, at least 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 93.75% of the
Mortgage Loans by Scheduled Principal Balance are secured
by one-family detached residences;
(xviii) As of the Cut-off Date, no more than 3.75% of
the Mortgage Loans by Scheduled Principal Balance are
secured by condominiums and, as of the Cut-off Date, no
more than 0.75% 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
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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 0.50% of the Mortgage
Loans by Scheduled Principal Balance are secured by
condominiums located in any one postal zip code area;
(xix) Other than with respect to Cooperative Loans, no
Mortgage Loan is secured by a leasehold interest in the
related Mortgaged Property and each Mortgagor holds fee
title to the related Mortgaged Property;
(xx) As of the Cut-off Date, no more than 0.25% of the
Mortgage Loans 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 Mortgagors
is three percentage points. The portion of the interest
rate paid by the related Mortgagors will not increase by
more than three percentage point for each six-month period.
(xxi) The original principal balances of the Mortgage
Loans range from $228,000 to $1,000,000;
(xxii) As of the Cut-off Date, no more than 1.75% of
the Mortgage Loans by Scheduled Principal Balance are
secured by second homes and no more than 0.50% of the
Mortgage Loans by Scheduled Principal Balance are secured
by investor-owned properties;
(xxiii) All appraisals have been prepared
substantially in accordance with the description contained
under the caption "The Trust Fund - The Mortgage Loans" in
the Company's prospectus dated October 22, 1998,
accompanying the Prospectus Supplement dated November 23,
1998, pursuant to which certain Classes of the Certificates
were publicly offered;
(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) Other than with respect to Cooperative Loans, to
the best of the Company's knowledge, at origination no
improvement located on or being part of a Mortgaged
Property was in violation of any applicable zoning and
subdivision laws and ordinances;
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(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;
(xxviii) As of the Closing Date, the Company possesses
the Document File with respect to each Mortgage Loan, and,
other than with respect to Cooperative Loans, the related
Mortgages and intervening assignment or assignments of
Mortgages, if any, have been delivered to a title insurance
company for recording;
(xxix) As of the Cut-Off Date, three of the Mortgage
Loans are Cooperative Loans. With respect to each
Cooperative Loan:
(A) The Security Agreement creates a first
lien in the stock ownership and leasehold rights
associated with the related Cooperative Apartment;
(B) The lien created by the related Security
Agreement is a valid, enforceable and subsisting
first priority security interest in the related
Cooperative Stock securing the related Mortgage
Note, subject only to (a) liens of the Cooperative
for unpaid assessments representing the
Mortgagor's pro rata share of the Cooperative's
payments for its blanket mortgage, current and
future real property taxes, insurance premiums,
maintenance fees and other assessments to which
like collateral is commonly subject and (b) other
matters to which like collateral is commonly
subject which do not materially interfere with the
benefits of the security intended to be provided
by the Security Agreement. There are no liens
against or security interest in the Cooperative
Stock relating to such Cooperative Loan (except
for unpaid maintenance, assessments and other
amounts owed to the related Cooperative which
individually or in the aggregate do not have a
material adverse effect on such Cooperative Loan),
which have priority over the Trustee's security
interest in such Cooperative Stock;
(C) The Cooperative Stock that is pledged as
security for the Mortgage Loan is held by a person
as a "tenant-stockholder" within the meaning of
section 216 of the Code, the related Cooperative
that owns title to the related cooperative
apartment building is a "cooperative housing
corporation" within the meaning of section 216 of
the Code, and
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such Cooperative is in material compliance with
applicable federal, state and local laws which, if
not complied with, could have a material adverse
effect on the Mortgaged Property; and
(D) There is no prohibition against pledging
the Cooperative Stock or assigning the Proprietary
Lease; and
(xxx) With respect to each Mortgage Loan identified on
Exhibit C as having been originated or acquired under the
Company's Enhanced Streamlined Refinance program, the value
of the related Mortgaged Property, as of the date of such
origination or acquisition under the Company's Enhanced
Streamlined Refinance program, is no less than the value
thereof established at the time the mortgage loan that is
the subject of the refinancing was originated.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(ix) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA") or any state truth-in lending or similar
statute, and the Trustee or the Trust Fund is named as a
defendant in a TILA suit or a suit under any such statutes in
respect of such violation and liability in respect thereof is
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
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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 Remittance Rate,
to be deposited by the Company in the Certificate Account
pursuant to Section 2.02), (b) have a Mortgage Rate not less
than, and not more than one percentage point greater than, the
Mortgage Rate of the Defective Mortgage Loan, (c) have the same
Net Mortgage Rate as the Defective Mortgage Loan, (d) have a
remaining term to stated maturity not later than, and not more
than one year less than, the remaining term to stated maturity of
the Defective Mortgage Loan, (e) be, in the reasonable
determination of the Company, of the same type, quality and
character as the Defective Mortgage Loan as if the defect or
breach had not occurred, (f) have a ratio of its current
principal amount to its Original Value not greater than that of
the removed Mortgage Loan and (g) be, in the reasonable
determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of
the date of substitution.
The Company shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Defective Mortgage Loan and the
substitution of a substitute Mortgage Loan therefor. Upon such
amendment the Company shall be deemed to have made as to such
substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution,
which shall be continuing as long as any Certificate shall be
outstanding or this Agreement has not been terminated, and the
remedies for breach of any such representation or warranty shall
be as set forth in Section 2.03(a). Upon such amendment, the
Trustee shall review the Mortgage File delivered to it relating
to the substitute Mortgage Loan, within the time and in the
manner and with the remedies specified in Section 2.02, except
that for purposes of this Section 2.03(b) (other than the
two-year period specified in the first sentence of the preceding
paragraph of this Section 2.03(b)), such time shall be measured
from the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee has
caused to be executed, countersigned and delivered to or upon the
order of the Company, in exchange for the Mortgage Loans, the
Certificates in authorized denominations evidencing the entire
ownership of the Trust Fund.
Section 2.05. Designations under the REMIC Provisions. (a)
The Company hereby designates the Classes of Certificates
identified in Section 5.01(b), other than the Residual
Certificate, as "regular interests," and the Class R Certificate
as the single class of "residual interest," in the REMIC
established hereunder for purposes of the REMIC Provisions.
(b) The Closing Date will be the "Startup Day" for the
REMIC established hereunder for purposes of the REMIC Provisions.
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(c) The "tax matters person" with respect to the REMIC
established hereunder for purposes of the REMIC Provisions shall
be (i) the Company, if the Company is the owner of a Class R
Certificate, or (ii) in any other case, the beneficial owner of
the Class R Certificate having the largest Percentage Interest of
such Class; provided, however, that such largest beneficial owner
and, to the extent relevant, each other holder of a Class R
Certificate, by its acceptance thereof irrevocably appoints the
Company as its agent and attorney-in-fact to act as "tax matters
person" with respect to the REMIC established hereunder for
purposes of the REMIC Provisions.
(d) The "latest possible maturity date" of the regular
interests in the REMIC established hereunder is the Latest
Possible Maturity Date for purposes of section 860G(a)(1) of the
Code.
(e) In the event that the Servicing Fee exceeds the amount
reasonable for such services (within the meaning of Treasury
Regulation 1.860D-1(b)(1)(ii)), the portion or portions of such
fee that can be measured as a fixed number of basis points on
some or all of the Mortgage Loans and can be treated as one or
more stripped coupons within the meaning of Treasury Regulation
1.860D-1(b)(2)(iii) shall be treated as such stripped coupons and
shall not be treated as a REMIC asset.
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;
(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
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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;
(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 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;
(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;
(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
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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 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. 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 Remittance 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
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provided in 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) [Intentionally Omitted.]
(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
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
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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 two years after the date that such schedule is
arranged. Any arrangement of the sort described in clause (ii)
above shall not affect the amount or timing of the Company's
obligation to make Monthly Advances with respect to any Mortgage
Loan which Monthly Advances shall be made pursuant to the
original amortization schedule applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a Mortgage Loan
Payment Record in which the following payments on and collections
in respect of each Mortgage Loan shall as promptly as practicable
be credited by the Company for the account of the Holders of the
Certificates:
(i) All payments on account of principal, including
Principal Prepayments (other than (A) payments of principal
due and payable on the Mortgage Loans on or before, and all
Principal Prepayments received before, the Cut-off Date,
(B) in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or
before the Determination Date in the month of substitution,
and all Principal Prepayments received before the first day
of the month of substitution, and (C in the case of a
replaced Mortgage Loan, payments of principal due and
payable on such Mortgage Loan after the Determination Date
in the month of substitution, and all Principal Prepayments
received in the month of substitution);
(ii) All payments (other than (A) those due and
payable on or before the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, those due and payable on such
Mortgage Loan on or before the Determination Date in the
month of substitution, and (C) in the case of a replaced
Mortgage Loan, those due and payable on such Mortgage Loan
after the Determination Date in the month of substitution)
on account of interest at the applicable Remittance Rate on
the Mortgage Loan received from the related Mortgagor,
including any Buydown Funds applied with respect to
interest at the applicable Remittance 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 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;
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(v) All REO Proceeds;
(vi) All Unanticipated Recoveries; and
(vii) All amounts received by the Company with respect
to any Pledged Asset Mortgage Loan pursuant to the
liquidation of any Additional Collateral or pursuant to any
recovery under the Surety Bond in accordance with Section
4.09.
The foregoing requirements respecting credits to the
Mortgage Loan Payment Record are exclusive, it being understood
that, without limiting the generality of the foregoing, the
Company need not enter in the Mortgage Loan Payment Record
collections, Liquidation Proceeds or Insurance Proceeds in
respect of Mortgage Loans which have been previously released
from the terms of this Agreement, amounts representing fees or
late charge penalties payable by Mortgagors, or amounts received
by the Company for the account of Mortgagors for application
towards the payment of taxes, insurance premiums, assessments and
similar items.
(c) Subject to subsection (e) below, until the Business Day
prior to each Distribution Date on which amounts are required to
be 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 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
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of the Certificates. All amounts so deposited shall be held in
trust for the benefit of Certificateholders. Amounts so deposited
may be invested at the written instruction of the Company in
Permitted Investments in the name of the Trustee maturing no
later than the Business Day preceding the Distribution Date
following the date of such investment; provided, however, that
any such Permitted Investment which is an obligation of State
Street Bank and Trust Company, in its individual capacity and not
in its capacity as Trustee, may mature on such Distribution Date;
and, provided further, that no such Permitted Investment shall be
sold before the maturity thereof if the sale thereof would result
in the realization of gain prior to maturity unless the Company
has obtained an Opinion of Counsel that such sale or disposition
will not cause the Trust Fund to be subject to the tax on
prohibited transactions under section 860F of the Code, or
otherwise subject the Trust Fund to tax or cause the REMIC
established hereunder to fail to qualify as a REMIC. The Trustee
shall maintain physical possession of all Permitted Investments,
other than Permitted Investments maintained in book-entry form.
The Company, as servicer, shall be entitled to retain for its own
account any gain or other income from Permitted Investments, and
neither the Trustee nor Certificateholders shall have any right
or claim with respect to such income. The Company shall deposit
an amount equal to any loss realized on any Permitted Investment
as soon as any such loss is realized. If the provisions in this
subsection (e) become operable, references in this Agreement to
the Mortgage Loan Payment Record and credits and debits to such
Record shall be deemed to refer to Eligible Accounts and
transfers 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. Other than with respect to any Cooperative Loan, the
Company shall establish and maintain with one or more depository
institutions one or more accounts into which it shall deposit all
collections of taxes, assessments, private mortgage or hazard
insurance premiums or comparable items for the account of the
Mortgagors. As servicer, the Company shall effect the timely
payment of all such items for the account of Mortgagors.
Withdrawals from such account or accounts may be made only to
effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any payments
made regarding taxes and assessments or for any payments made
pursuant to Section 3.05 regarding premiums on Primary Insurance
Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums
determined to be overages, or to pay interest owed to Mortgagors
to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan Payment
Record. The Company (or any successor servicer pursuant to
Section 7.02) may, from time to time, make debits to the Mortgage
Loan Payment Record for the following purposes:
(i) To reimburse the Company or the applicable Primary
Servicer for Liquidation Expenses theretofore incurred in
respect of any Mortgage Loan in an amount not to exceed the
amount of the related Liquidation Proceeds credited to the
Mortgage
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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 or Defaulted Mortgage Loan
purchased by the Company to the extent that the
distribution of any such amounts on the Distribution Date
upon which the proceeds of such purchase are distributed
would make the total amount distributed in respect of any
such Mortgage Loan on such Distribution Date greater than
the Purchase Price therefor, net of any unreimbursed
Monthly Advances made by the Company;
(v) To reimburse the Company (or the Trustee, as
applicable) for Monthly Advances theretofore made in
respect of any Mortgage Loan to the extent of late
payments, REO Proceeds, Insurance Proceeds and Liquidation
Proceeds in respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor
payment of interest or other recovery with respect to a
particular Mortgage Loan, to the extent not previously
retained by the Company, for unpaid Servicing Fees with
respect to such Mortgage Loan, subject to Section 3.08(d);
(vii) To reimburse the Company (or the Trustee, as
applicable) for any Nonrecoverable Advance (which right of
reimbursement of the Trustee pursuant to this clause shall
be prior to such right of the Company);
(viii) To make transfers of funds to the Certificate
Account pursuant to Section 3.02(d);
(ix) To pay to the Company amounts received in respect
of any Mortgage Loan purchased by the Company pursuant to Section
9.01 to the extent that the distribution of any such amounts on
the final 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 specified in clause (x)
of the first sentence of Section 9.01; and
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(x) 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 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, other than a
Cooperative Loan, hazard insurance with a standard mortgagee
clause and with extended coverage in an amount which is at least
equal to the maximum insurable value of the improvements securing
such Mortgage Loan from time to time or the principal balance
owing on such Mortgage Loan from time to time, whichever is less.
The Company shall also maintain on property (other than
Cooperative Apartments) acquired upon foreclosure, or by deed in
lieu of foreclosure, hazard insurance with extended coverage in
an amount which is at least equal to the lesser of (i) the
maximum insurable value from time to time of the improvements
which are a part of such property or (ii) the unpaid principal
balance of such Mortgage Loan at the time of such foreclosure or
deed in lieu of foreclosure plus accrued interest and the
good-faith estimate of the Company of related Liquidation
Expenses to be
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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 other than a
Cooperative Loan is located in a federally designated flood area,
the hazard insurance to be maintained for such Mortgage Loan
shall include flood insurance. All such flood insurance shall be
in such amounts as are required under applicable guidelines of
FNMA. The Company shall be under no obligation to require that
any Mortgagor maintain earthquake or other additional insurance
and shall be under no obligation itself to maintain any such
additional insurance on property acquired in respect of a
Mortgage Loan, other than pursuant to such applicable laws and
regulations as shall at any time be in force and as shall require
such additional insurance. If the Company shall obtain and
maintain a blanket policy insuring against hazard losses on all
of the Mortgage Loans (whether or not including Cooperative
Loans), it shall conclusively be deemed to have satisfied its
obligations as set forth in the first sentence of this Section
3.06, it being understood and agreed that such policy may contain
a deductible clause, in which case the Company shall, in the
event that there shall not have been maintained on the related
Mortgaged Property a policy complying with the first sentence of
this Section 3.06, and there shall have been a loss which would
have been covered by such policy, credit to the Mortgage Loan
Payment Record the amount not otherwise payable under the blanket
policy because of such deductible clause.
Section 3.07. Assumption and Modification Agreements. (a)
In any case in which property subject to a Mortgage has been or
is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto, unless in
the reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant
to which such Person becomes liable under the Mortgage Note and
the Mortgagor remains liable thereon. In connection with any such
assumption and modification agreement, the Company shall apply
its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same 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
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a Mortgage without the assumption thereof, by operation of law or
any assumption or transfer which the Company reasonably believes
it may be restricted by law from preventing, for any reason
whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage Loans.
(a) The Company shall foreclose upon or otherwise comparably
convert the ownership of properties securing such of the Mortgage
Loans as come into and continue in default and as to which no
satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.02. In connection with
such foreclosure or other conversion the Company shall,
consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
Certificateholders after reimbursement to itself for such
expenses and (ii) that such expenses will be recoverable to it
either through Liquidation Proceeds or Insurance Proceeds.
Notwithstanding the foregoing, the Company shall not be entitled
to recover legal expenses incurred in connection with foreclosure
proceedings where the Mortgage Loan is reinstated and such
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
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moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on an REO Mortgage
Loan shall be treated as a Principal Prepayment received in
respect of such Mortgage Loan.
(c) In the event that the Trust Fund acquires any Mortgaged
Property as aforesaid or otherwise in connection with a default
or imminent default on a Mortgage Loan, the Company shall dispose
of such Mortgaged Property prior to the close of the third
calendar year after 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 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 among the Base Servicing Fee at the
Base Servicing Fee Rate, the Supplemental Servicing Fee at the
Supplemental Servicing Fee Rate and interest at the Remittance
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. The resulting Interest Loss shall
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be allocated among each such category in the same proportion as
described in the preceding sentence. The portion so allocated to
interest at the Remittance Rate shall be allocated to the
Certificates for purposes of making the allocation specified in
the definition of Certificate Interest Loss.
(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class B5 Certificates
(provided that such form may be revised to delete the option on
the part of such Person to purchase a defaulted Mortgage Loan as
set forth in Section 2.02(f) thereof). Prior to entering into any
such agreement with any Person, the Company shall obtain a
certification from such Person to the effect that (i) such Person
is not an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of the Trustee and (ii) such Person will
not purchase any Certificates if such purchase would cause such
Person to hold more than a ten percent interest in the Mortgage
Pool. It is understood that the right of the Company to be
reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions
of any such agreement. The Trustee hereby agrees to perform such
obligations as may be expressly required of it pursuant to the
provisions of such agreement and to promptly notify each party to
such agreement if a Responsible Officer of the Trustee (with
direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead
to the Trustee's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of any Person with which
the Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source, amount and application of funds to be
deposited or withdrawn from the Collateral Fund (as defined in
such agreement). The Trustee shall provide the Company with such
information concerning credits and debits to the Collateral Fund
on account of income, gains and losses realized from Collateral
Fund Permitted Investments (as defined in such agreement), and
costs associated with the purchase and sale thereof, as the
Company may request in order to prepare the instructions
described in the preceding sentence.
In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with 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
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to it of the Mortgage File. If a Buydown Mortgage Loan is the
subject of a Principal Prepayment in full during the related
Buydown Period, the related Buydown Funds will be applied or
returned to the Person entitled thereto in accordance with the
terms of such Buydown Mortgage Loan. Upon receipt of such
certification and request in form satisfactory to the Trustee,
the Trustee shall promptly, but in any event within five Business
Days, release the related Mortgage File to the Company; provided,
that the Trustee shall not be responsible for any delay in the
release of a Mortgage File resulting from acts beyond its
control, including without limitation, acts of God, strikes,
lockouts, riots, acts of war or terrorism, epidemics,
nationalization, governmental regulations imposed after the fact,
fire, communication line failures, computer viruses, power
failures, earthquakes or other disasters. Upon any such payment
in full, the Company is authorized to execute, pursuant to the
authorization contained in Section 3.01, an instrument of
satisfaction regarding such Mortgage, which instrument of
satisfaction shall be recorded by the Company if required by
applicable law and be delivered to the Person entitled thereto,
it being understood and agreed that no expenses incurred in
connection with such instrument of satisfaction shall be
reimbursed from amounts at the time credited to the Mortgage Loan
Payment Record. From time to time and as appropriate for the
servicing or foreclosure of any Mortgage Loan (including, without
limitation, collection under any Primary Insurance Policy), the
Trustee shall, upon request of the Company and delivery to the
Trustee of a receipt signed by a Servicing Officer, release the
related Mortgage File to the Company and shall execute such
documents as shall be necessary to the prosecution of any such
proceedings. Such receipt shall obligate the Company to return
the Mortgage File to the Trustee when the need therefor by the
Company no longer exists unless the Mortgage Loan shall be
liquidated, in which case, upon receipt of a certificate of a
Servicing Officer similar to that hereinabove specified, the
receipt shall be released by the Trustee to the Company.
Section 3.10. Servicing Compensation; Payment of Certain
Expenses by the Company. (a) As compensation for its 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
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by provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate Account
Statements. Not later than 15 days after each Distribution Date,
the Company shall forward to the Trustee a statement, certified
by a Servicing Officer, setting forth the status of the Mortgage
Loan Payment Record as of the close of business on such
Distribution Date and showing, for the period covered by such
statement, the aggregate of credits to the Mortgage Loan Payment
Record for each category of credit specified in Section 3.02 and
each category of debit specified in Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 2000, 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, 2000, the Company shall:
(a) furnish to a firm of independent public accountants
(which may also render other services to the Company) a statement
substantially to the effect that the Company has complied in all
material respects with the minimum servicing standards set forth
in the Uniform Single Attestation Program for Mortgage Bankers
(the "Minimum Servicing Standards") with respect to the mortgage
loans in the Company's servicing portfolio (which may exclude
home equity loans) or, if there has been material noncompliance
with such servicing standards, containing a description of such
noncompliance; and
(b) at its expense cause such firm of independent public
accountants to furnish a report to the Trustee stating its
opinion as to the Company's assertion contained in the statement
delivered pursuant to Section 3.13(a), which opinion shall be
based on an examination conducted by such firm in accordance with
the standards established by the American Institute of Certified
Public Accountants, including examining, on a test basis,
evidence about the Company's compliance with the Minimum
Servicing Standards. Such opinion shall be to the effect that the
Company has complied in all material respects with the Minimum
Servicing Standards with respect to the mortgage loan portfolio
described in the Company's statement delivered pursuant to
Section 3.13(a) hereof or if there has been material
noncompliance with the Minimum Servicing Standards, shall contain
a description of such noncompliance in accordance with applicable
accounting standards. In rendering such report, such firm may
rely, as to matters relating to direct servicing of Mortgage
Loans by any primary servicer, upon comparable reports of
independent public accountants with respect to such primary
servicer.
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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:
(i) to each Class of Senior Certificates (other than
any Class of Principal Only Certificates), the Accrued
Certificate Interest thereon for such Distribution Date;
provided, however, that any shortfall in available amounts
shall be allocated among such Classes in proportion to the
amount of Accrued Certificate Interest that would otherwise
be distributable thereto;
(ii) to each Class of Senior Certificates (other than
any Class of Principal Only Certificates), any related
Unpaid Class Interest Shortfall for such Distribution Date;
provided, however, that any shortfall in available amounts
shall be allocated among such Classes in proportion to the
Unpaid Class Interest Shortfall for each such Class on such
Distribution Date;
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(iii) to the Classes of Senior Certificates in
reduction of the Class Certificate Principal Balances
thereof, as set forth in Exhibit O hereto; provided,
however, that defined terms used in Exhibit O shall have
the meanings assigned thereto in Article I hereof;
(iv) to the Class PO Certificates (if any), any Class
PO Deferred Amount for such Distribution Date, up to an
amount not to exceed the Junior Optimal Principal Amount
for such Distribution Date, until the Class Certificate
Principal Balance of such Class has been reduced to zero;
provided, that any such amounts distributed to the Class PO
Certificates pursuant to this clause (iv) shall not reduce
the Class Certificate Principal Balance thereof;
(v) to the Class M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(viii) to the Class B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class B1 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xi) to the Class B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's 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;
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(xvi) to the Class B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount on such Distribution Date;
(xvii) to the Class B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount on such Distribution Date;
(xx) to the Class B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount on such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(b) On each Distribution Date, the Trustee shall distribute
to the holder of the Class R Certificate any remaining 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(f). Any distributions pursuant to this clause (b) shall not
reduce the Class Certificate Principal Balance of the Class R
Certificate.
(c) If on any Distribution Date the Class Certificate
Principal Balances of the Junior Certificates have each been
reduced to zero, the amount distributable to the Senior
Certificates other than the Class PO Certificates pursuant to
Section 4.01(a)(iii) 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
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immediately prior to such Distribution Date, regardless of the
priorities and amounts set forth in Section 4.01(a)(iii).
(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) [Reserved]
(f) In the event that in any calendar month the Company
recovers an amount (an "Unanticipated Recovery") in respect of
principal of a Mortgage Loan which had previously been allocated
as a Realized Loss to any Class of Certificates pursuant to
Section 4.03, on the Distribution Date in the next succeeding
calendar month the Trustee shall withdraw from the Certificate
Account and distribute to the holders of each outstanding Class
to which such Realized Loss had previously been allocated its
share (determined as described in the succeeding paragraph) of
such Unanticipated Recovery in an amount not to exceed the amount
of such Realized Loss previously allocated to such Class. When
the Class Certificate Principal Balance of a Class of
Certificates has been reduced to zero, the holders of such Class
shall not be 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 (f). 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(f). Any
distributions made pursuant to this Section 4.01(f) 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
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Unanticipated Recovery allocable to a Class PO Certificate with
respect to any Mortgage Loan (or Loans) shall be reduced by the
aggregate amount previously distributed to such Class on account
of the applicable Class PO Deferred Amount in respect of such
Mortgage Loan (or Loans) and (ii) the amount by which the
distributions to the Class PO Certificates have been so reduced
shall be distributed to the Classes of Certificates described in
clause (ii) of the preceding paragraph in the same proportion as
described in such clause (ii). For purposes of the preceding
sentence, any Class PO Deferred Amount distributed to a Class PO
Certificate on previous Distribution Dates shall be deemed to
have been allocated in respect of the Mortgage Loans as to which
the applicable PO Percentage of the principal portion of Realized
Losses has previously been allocated to such Class on a pro rata
basis (based on the amount of Realized Losses so allocated).
Section 4.02. Method of Distribution. (a) All distributions
with respect to each Class of Certificates on each Distribution
Date shall be made pro rata among the outstanding Certificates of
such Class, based on the Percentage Interest in such Class
represented by each Certificate. Payments to the
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
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regulations provide otherwise), (iii) any estate, the income of
which is not subject to U.S. federal income taxation, regardless
of source, and (iv) any trust, other than a trust that a court
within the United States is able to exercise primary supervision
over the administration of the trust and one or more U.S. Persons
have the authority to control all substantial decisions of the
trust.
Section 4.03. Allocation of Losses. (a) On or prior to each
Determination Date, the Company shall determine the amount of any
Realized Loss in respect of each Mortgage Loan that occurred
during the immediately preceding calendar month.
(b) With respect to any Distribution Date, the principal
portion of each Realized Loss (other than any Excess Loss) shall
be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class PO Certificates until the Class Certificate Principal
Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Senior Certificates
other than the Class PO Certificates, pro rata, in
accordance with their Class Certificate Principal
Balances; provided, that any such loss allocated to
any Class of Accrual Certificates (and any Accrual
Component) shall be allocated (subject to Section
4.03(d)) on the basis of the lesser of (x) the Class
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).
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(c) With respect to any Distribution Date, the principal
portion of any Excess Loss (other than Excess Bankruptcy Losses
attributable to Debt Service Reductions) shall be allocated as
follows: (1) the PO Percentage of any such loss shall be
allocated to the Class PO Certificates, and (2) the Non-PO
Percentage of any such loss shall be allocated to each Class of
Certificates other than the Class PO Certificates, pro rata,
based on the respective Class Certificate Principal Balances
thereof; provided, that any such loss allocated to any Class of
Accrual Certificates (and any Accrual Component) shall be
allocated (subject to Section 4.03(d)) on the basis of the lesser
of (x) the Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the applicable
Distribution Date and (y) the Class Certificate Principal Balance
(or Component Principal Balance) thereof on the Closing Date (as
reduced by any Realized Losses previously allocated thereto).
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. In addition, any
Realized Losses allocated to any Class of Component Certificates
on a Distribution Date shall be allocated in reduction of the
Component Principal Balances of the related Components (other
than any Notional Component) in proportion to their respective
Component Principal Balances immediately prior to such
Distribution Date. Any allocation of Realized Losses pursuant to
this paragraph (d) shall be accomplished by reducing the
Certificate Principal Balance (or, in the case of any Component,
the Component Principal Balance) of the related Certificates (or
Components) on the related Distribution Date in accordance with
Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses to be allocated to the Class
PO Certificates on such Distribution Date will be taken into
account in determining distributions in respect of any Class PO
Deferred Amount for such date.
(f) On each Distribution Date, the Company shall determine
the Subordinate Certificate Writedown Amount, if any. 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
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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)), no Monthly Advance shall be required with respect
thereto for the month in which such purchase occurs. 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 transfer
to 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 in next-day funds the
respective amounts applicable to such determinations appearing in
such Servicer's Certificate. Upon receipt by the Trustee of
written notification signed by a Servicing Officer of any such
deposit relating to the purchase by the Company of such a
Mortgage Loan, the Trustee shall release to the Company the
related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company any
Mortgage Loan released pursuant hereto.
(b) In the event that the Company transfers or expects to
transfer 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 transferred, if
any, shall be deemed to have been transferred 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. Each month,
at least two Business Days prior to each Distribution Date, the
Company shall deliver to the Trustee for mailing to each
Certificateholder, and the Trustee shall mail to each
Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of
Exhibit J hereto, setting forth:
(i) The amount of such distribution to the
Certificateholders of each Class (and in respect of any
Component), other than any Notional Certificates (and any
Notional Component), allocable to principal, separately
identifying the aggregate amount of any Principal
Prepayments included therein (including, for this purpose,
the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and any
amounts deposited pursuant to Section 2.03(b) in connection
with the substitution of any Mortgage Loans pursuant to
Section 2.02 or 2.03(a), the proceeds of which purchases or
substitutions are being distributed on such Distribution
Date);
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(ii) The amount of such distribution to the
Certificateholders of each Class (other than any Class of
Principal Only Certificates) allocable to interest,
including any Accrual Amount added to the Class Certificate
Principal Balance or Component Principal Balance of any
Class of Accrual Certificates or any Accrual Components;
(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of
distribution in respect of the Mortgage Loans and such
other customary information as the Company deems necessary
or desirable to enable Certificateholders to prepare their
tax returns;
(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);
(x) The Certificate Interest Rates of any LIBOR
Certificates and any COFI Certificates applicable to the
Interest Accrual Period relating to such Distribution Date
and such Class;
(xi) The Senior Percentage and the Junior Percentage
for such Distribution Date;
(xii) The Senior Prepayment Percentage and the Junior
Prepayment Percentage for such Distribution Date; and
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(xiii) The amount of such distribution to the
Certificateholders of each Class allocable to Unanticipated
Recoveries.
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
pursuant to this Section 4.05(a) on previous Distribution Dates,
(ii) all certificates furnished to the Trustee pursuant to
Section 4.06 in prior months, (iii) Officer's Certificates
furnished to the Trustee pursuant to Section 3.12 for the two
years preceding such request, (iv) reports of independent
accountants furnished to the Trustee pursuant to Section 3.13 for
the two years preceding such request, (v) a copy of the Private
Placement Memorandum relating to such Certificate, together with
any amendments or supplements thereto issued by the Company
(which copy shall be furnished to the Trustee by the Company),
and (vi) the Company's Current Report on Form 8-K, dated the
Closing Date, relating to the Mortgage Loans; provided, however,
that the Trustee shall in no event be required to make available
such statements or certificates pursuant to clauses (i) and (ii)
above relating to Distribution Dates occurring more than
twenty-four months preceding the month in which such request was
received; provided, further, however, that notwithstanding the
Trustee's agreement as aforesaid to provide such materials to a
proposed transferee, the Trustee does not assume, and shall not
thereby be deemed to have assumed, any responsibility for
compliance by the Company with Rule 144A (subject to the
Trustee's agreement set forth in the second sentence of this
paragraph) and shall be entitled to include a notice with such
statements or certificates to the effect that such materials have
not been prepared or assembled by the Trustee and that the
Trustee assumes no responsibility for the adequacy, sufficiency
or contents thereof. In connection with any such proposed
transfer, the Company shall make available to the proposed
holder, at the request of the related transferor, such additional
information, if any, as may be required to be delivered pursuant
to Rule 144A(d)(4).
Section 4.06. Servicer's Certificate. Each month, not later
than the second Business Day next preceding each 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 1998, 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
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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 Base Servicing Fees by
Compensating Interest Payments. The aggregate amount of the Base
Servicing Fees subject to retention by the Company as servicer in
respect of any Distribution Date shall be reduced by the amount
of any Compensating Interest Payment for such Distribution Date.
Section 4.09. Surety Bond. (a) If a Required Surety Payment
is payable pursuant to the Surety Bond with respect to any
Pledged Asset Mortgage Loan, the Company shall so notify the
Trustee as soon as reasonably practicable and shall, on behalf of
the Trustee for the benefit of the Certificateholders, promptly
complete the notice in the form of Attachment 1 to the Surety
Bond and shall promptly submit such notice to the Surety as a
claim for a Required Surety Payment.
(b) Upon receipt of a Required Surety Payment from the
Surety on behalf of the Certificateholders, the Company shall
promptly credit the Mortgage Loan Payment Record and shall
distribute such Required Surety Payment, or the proceeds thereof,
in accordance with the provisions of Section 4.01.
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 $521,577,059.67. 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:
Initial Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- ------------- ----------- -------------
Class A $500,713,877.00 6.000% 25,000
Class M 9,649,000.00 6.000 100,000
Class B1 4,172,000.00 6.000 100,000
Class B2 2,347,000.00 6.000 100,000
Class B3 2,087,000.00 6.000 250,000
Class B4 1,043,000.00 6.000 250,000
Class B5 1,565,082.67 6.000 250,000
Class R 100.00 6.000 100
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(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 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 may evidence
an additional amount equal to the remainder of the Class
Certificate Principal Balance (or Notional Principal Balance) of
such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) [Reserved]
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
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so surrendered for exchange the Trustee shall execute,
countersign and deliver the Certificates which the
Certificateholder making the exchange is entitled to receive.
Every Certificate presented or surrendered for registration of
transfer or exchange shall be accompanied by a written instrument
of transfer in form satisfactory to the Trustee and the
Certificate Registrar duly executed by the Holder thereof or his
attorney duly authorized in writing.
No service charge shall be made for any registration
of transfer or exchange of Certificates, but the Trustee may
require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any
transfer or exchange of Certificates.
All Certificates surrendered for registration of
transfer and exchange shall be canceled and subsequently
destroyed by the Trustee and a certificate of destruction shall
be delivered by the Trustee to the Company.
(b) No legal or beneficial interest in all or any portion
of the Residual Certificates may be transferred directly or
indirectly to (i) Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
hereto, signed by the transferee, to the effect that the
transferee is not such a Disqualified Organization, an agent
(including a broker, nominee, or middleman) for any entity as to
which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign
Holder, which affidavit shall contain the consent of the
transferee to any such amendments of this Agreement as may be
required to further effectuate the foregoing restrictions on
transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
G hereto. Such affidavit shall also contain the statement of the
transferee that (i) it does not have the intention to impede the
assessment or collection of any federal, state or local taxes
legally required to be paid with respect to the Residual
Certificates and (ii) it understands that it may incur tax
liabilities in excess of cash flows generated by a Residual
Certificate and that it intends to pay taxes associated with
holding a Residual Certificate as they become due.
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The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
Residual Certificates, shall be accompanied by a written
statement in the form attached as Exhibit G hereto, signed by the
transferor, to the effect that as of the time of the transfer,
the transferor has (i) no actual knowledge that the transferee is
a Disqualified Organization, Book-Entry Nominee or Non-permitted
Foreign Holder, (ii) no reason to believe that the transferee has
the intention to impede the assessment or collection of any
federal, state or local taxes legally required to be paid with
respect to a Residual Certificate, and (iii) conducted a
reasonable investigation and found that the transferee had
historically paid its debts as they came due and found no
significant evidence to indicate that the transferee will not
continue to pay its debts as they become due. The Residual
Certificates shall bear a legend referring to the foregoing
restrictions contained in this paragraph and the preceding
paragraph.
Upon notice to the Company that any legal or
beneficial interest in any portion of the Residual Certificates
has been transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
such transferee shall be deemed to hold the Residual Certificate
in constructive trust for the last transferor who was not a
Disqualified Organization or agent thereof, and such transferor
shall be restored as the owner of such Residual Certificate as
completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any
distributions made to such transferee with respect to the
Residual Certificate and return such recovery to the transferor,
and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of the Residual Certificate or such
agent (within 60 days of the request therefor by the transferor
or agent) such information necessary to the application of
section 860E(e) of the Code as may be required by the Code,
including but not limited to the present value of the total
anticipated excess inclusions with respect to the Residual
Certificate (or portion thereof) for periods after such transfer.
At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
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 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
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Trustee shall require the transferee to execute an investment
letter in the form substantially as set forth in Exhibit I hereto
or in such other form as may be acceptable to the Trustee,
certifying as to the facts surrounding such transfer, or (y) in
lieu of such investment letter, the Trustee may accept a written
Opinion of Counsel (in form and substance acceptable to the
Trustee) that such proposed transfer may be made pursuant to an
exemption from the Act. As an additional condition to any
transfer of a Restricted Certificate, either (i) the transferor
and the transferee shall complete the form of assignment attached
to the Certificate proposed to be transferred, or (ii) the
Trustee shall have received the above-referenced Opinion of
Counsel. The holder of any Restricted Certificate desiring to
effect the transfer thereof to a person other than a QIB shall,
and hereby agrees to, comply with any applicable conditions set
forth in the preceding two sentences and indemnify the Trustee
and the Company against any liability that may result if the
transfer thereof is not so exempt or is not made in accordance
with such federal and state laws. Such agreement to so indemnify
the Trustee and the Company shall survive the termination of this
Agreement. Notwithstanding the foregoing, no Opinion of Counsel
or investment letter shall be required upon the original issuance
of (i) the Restricted Junior Certificates to the Initial
Purchaser (as defined in the Private Placement Memorandum) or its
nominee and (ii) the Class PO Certificates to the Company or upon
any subsequent transfer of any Class PO Certificate by the
Company, provided that if any Restricted Junior Certificates are,
at the request of the Initial Purchaser, registered in the name
of its nominee, the Initial Purchaser shall be deemed to
acknowledge and agree with the Company and the Trustee that no
transfer of a beneficial interest in such Certificates will be
made without registering such Certificates in the name of the
transferee, which shall be a Person other than such nominee. Any
opinion or letter required pursuant to this paragraph shall not
be at the expense of the Trust Fund or the Trustee.
(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.
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(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
Exhibit F) from such transferee to the effect that, among
other things, such transferee is not a Plan or a Person
that is using the assets of a Plan to acquire any such
Certificate. The preparation and delivery of such
certificate shall not be an expense of the Trust Fund, the
Trustee or the Company.
(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any Class of
Book-Entry Certificates held in physical certificated form
pursuant to Section 5.02(g) or any Restricted Junior Certificate
of any Class of Book-Entry Certificates that is transferred to an
entity other than a QIB, the Book-Entry Certificates shall,
subject to Section 5.02(f), at all times remain registered in the
name of the Depository or its nominee and at all times: (i)
registration thereof may not be transferred by the Trustee except
to another Depository; (ii) the Depository shall maintain
book-entry records with respect to the Certificate Owners and
with respect to ownership and transfers of such Certificates;
(iii) ownership and transfers of registration of the Certificates
issued in book-entry form on the books of the Depository shall be
governed by applicable rules established by the Depository and
the rights of Certificate Owners with respect to Book-Entry
Certificates shall be governed by applicable law and agreements
between such Certificate Owners and the Depository, Depository
Participants, and indirect participating firms; (iv) the
Depository may collect its usual and customary fees, charges and
expenses from its Depository Participants; (v) the Trustee shall
deal with the Depository, Depository Participants and indirect
participating firms as authorized representatives of the
Certificate Owners of the Certificates issued in book-entry form
for all purposes including the making of payments due on the
Book-Entry Certificates and exercising the rights of Holders
under this Agreement, and requests and directions for and votes
of such representatives shall not be deemed to be inconsistent if
they are made with respect to different Certificate Owners; (vi)
the Trustee may rely and shall be fully protected in relying upon
information furnished by the Depository with respect to its
Depository Participants and furnished by the Depository
Participants with respect to indirect participating firms and
persons shown on the books of such indirect participating firms
as direct or indirect Certificate Owners; (vii) Certificate
Owners shall not be entitled to certificates for the Book-Entry
Certificates and (viii) the Trustee may establish a reasonable
record date in connection with solicitations of consents from or
voting by Certificateholders and give notice to the Depository of
such record date.
All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of
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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 (or to State Street Bank and Trust
Company acting as custodian for the Depository pursuant to the
Depository's procedures) one certificate for each Class of
Book-Entry Certificates registered in the name of the
Depository's nominee, Cede & Co. The face amount of each such
Certificate shall represent 100% of the initial Class Certificate
Principal Balance thereof, except for such amount that does not
constitute an acceptable denomination to the Depository. An
additional Certificate of each Class of Book-Entry Certificates
may be issued evidencing such remainder and, if so issued, will
be held in physical certificated form by the Holders thereof.
Each Certificate issued in book-entry form shall bear the
following legend:
"Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York
corporation ("DTC"), to Issuer or its agent for registration of
transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any 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
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may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
Certificate under this Section 5.03, the Trustee may require the
payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 shall
constitute complete and indefeasible evidence of ownership in the
Trust Fund, as if originally issued, whether or not the lost,
stolen or destroyed Certificate shall be found at any time.
Section 5.04. Persons Deemed Owners. Prior to due
presentation of a Certificate for registration of transfer, the
Company, the Trustee, the Certificate Registrar and any agent of
the Company, the Trustee or the Certificate Registrar may treat
the person in whose name any Certificate is registered as the
owner of such Certificate for the purpose of receiving
distributions pursuant to Section 4.01 and for all other purposes
whatsoever, and neither the Company, the Trustee, the Certificate
Registrar nor any agent of the Company, the Trustee or the
Certificate Registrar shall be affected by any notice to the
contrary.
Section 5.05. Access to List of Certificateholders' Names
and Addresses. The Certificate Registrar will furnish or cause to
be furnished to the Company, within 15 days after receipt by the
Certificate Registrar of request therefor from the Company in
writing, a list, in such form as the Company may reasonably
require, of the names and addresses of the Certificateholders as
of the most recent Record Date for payment of distributions to
Certificateholders. If three or more Certificateholders
(hereinafter referred to as "applicants") apply in writing to the
Trustee, and such application states that the applicants desire
to communicate with other 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.
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Section 5.07. Determination of COFI. (a) If the outstanding
Certificates include any COFI Certificates, then on each COFI
Determination Date the Trustee shall determine the value of COFI
on the basis of the most recently available Information Bulletin
referred to in the definition of "COFI". The establishment of
COFI by the Trustee and the Trustee's subsequent calculation of
the rates of interest applicable to the COFI Certificates for
each Interest Accrual Period shall (in the absence of manifest
error) be final and binding. During each Interest Accrual Period,
the Certificate Interest Rate for the COFI Certificates for the
current and immediately preceding Interest Accrual Period shall
be made available by the Trustee to Certificate Owners and
Certificateholders at the following telephone number: (617)
664-5500.
(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (i) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
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 for the
related Interest Accrual Period as such rate equal to the
Interest Settlement Rate. If such rate does not appear on the
Designated Telerate Page as of 11:00 a.m., London time, on the
applicable LIBOR Determination Date:
(i) The Trustee will request the principal London
office of each Reference Bank (as defined in Section
5.08(e)) to provide such bank's offered quotation
(expressed as a percentage per annum) to prime banks in the
London interbank market for one-month U.S. Dollar deposits
as of 11:00 a.m., London time, on the applicable LIBOR
Determination Date.
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(ii) If on any LIBOR Determination Date, two or more
of the Reference Banks provide such offered quotations,
LIBOR for the next Interest Accrual Period will be the
arithmetic mean of such offered quotations (rounding such
arithmetic mean upwards, if necessary, to the nearest whole
multiple of 1/16%). If on any LIBOR Determination Date only
one or none of the Reference Banks provide such offered
quotations, LIBOR for the next Interest Accrual Period will
be the rate per annum 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 rate that three major banks in
New York City selected by the Trustee are quoting as of
approximately 11:00 a.m., New York City time, on the first
day of the applicable Interest Accrual Period.
(iii) If on any LIBOR Determination Date the Trustee
is required but unable to determine LIBOR in the manner
provided in subparagraph (ii) of this Section 5.08(a),
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.
(c) Within five Business Days of the Trustee's calculation
of the Certificate Interest Rates of the LIBOR Certificates, the
Trustee shall furnish to the Company by telecopy (or by such
other means as the Trustee and the Company may agree from time to
time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders who
inquire of it by telephone the Certificate Interest Rates of the
LIBOR Certificates for the current and immediately preceding
Interest Accrual Period.
(e) As used herein, "Reference Banks" shall mean no more
than four leading banks engaged in transactions in Eurodollar
deposits in the international Eurocurrency market (i) with an
established place of business in London, England, (ii) whose
quotations appear on the display designated "LIBO" on the Reuters
Monitor Money Rates Service (the "Reuters Screen LIBO Page") 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, or if such page is no longer published, the
Trustee, after consultation with the Company, shall use its best
efforts to designate alternate Reference Banks.
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ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company. The Company shall
be liable in accordance herewith only to the extent of the
obligations specifically imposed upon and undertaken by the
Company herein.
Section 6.02. Merger or Consolidation of, or Assumption of
the Obligations of, the Company. Any corporation into which the
Company may be merged or consolidated, or any corporation
resulting from any merger, conversion or consolidation to which
the Company shall be a party, or any corporation succeeding to
the business of the Company, or any corporation, more than 50% of
the voting stock of which is, directly or indirectly, owned by
General Electric Company, or any limited partnership, the sole
general partner of which is either the Company or a corporation,
more than 50% of the voting stock of which is owned, directly or
indirectly, by General Electric Company, which executes an
agreement of assumption to perform every obligation of the
Company hereunder, shall be the successor of the Company
hereunder, without the execution or filing of any paper or any
further act on the part of any of the parties hereto, anything
herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its rights
and delegate its duties and obligations as servicer under this
Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company and
Others. Neither the Company nor any of the directors or officers
or employees or agents of the Company shall be under any
liability to the Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
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
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any such loss, liability or expense shall be otherwise
reimbursable pursuant to this Agreement) and any loss, liability
or expense incurred by reason of willful misfeasance, bad faith
or gross negligence in the performance of duties hereunder or by
reason of reckless disregard of obligations and duties hereunder.
The Company shall be under no obligation to appear in, prosecute
or defend any legal action which is not incidental to its duties
to service the Mortgage Loans in accordance with this Agreement
and which in its opinion may involve it in any expense or
liability; provided, however, that the Company may in its sole
discretion undertake any such action which it may deem necessary
or desirable in respect of this Agreement, and the rights and
duties of the parties hereto and the interests of the
Certificateholders hereunder. In such event, the legal expenses
and costs of such action and any liability resulting therefrom
shall be expenses, costs and liabilities of the Trust Fund and
the Company shall be entitled to be reimbursed therefor from
amounts credited to the Mortgage Loan Payment Record as provided
by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to the
provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
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
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(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in the
premises for the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar
proceedings of or relating to the Company, or for the
winding up or liquidation of the Company's affairs, and the
continuance of any such decree or order unstayed and in
effect for a period of 60 consecutive days; or
(iv) The consent by the Company to the appointment of
a conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshalling of assets and liabilities
or similar proceedings of or relating to the Company or of
or relating to substantially all of its property; or the
Company shall admit in writing its inability to pay its
debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization
statute, make an assignment for the benefit of its
creditors, or voluntarily suspend payment of its
obligations;
then, and in each and every such case, so long as an Event of
Default shall not have been remedied by the Company, either the
Trustee, or the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage Interests
aggregating not less than 51%, by notice then given in writing to
the Company (and to the Trustee if given by the
Certificateholders) may terminate all of the rights and
obligations of the Company as servicer under this Agreement. On
or after the receipt by the Company of such written notice, all
authority and power of the Company under this Agreement, whether
with respect to the Certificates or the Mortgage Loans or
otherwise, shall pass to and be vested in the Trustee pursuant to
and under this Section 7.01; and, without limitation, the Trustee
is hereby authorized and empowered to execute and deliver, on
behalf of the Company, as attorney-in-fact or otherwise, any and
all documents and other instruments, and to do or accomplish all
other acts or things necessary or appropriate to effect the
purposes of such notice of termination, whether to complete the
transfer and endorsement of the Mortgage Loans and related
documents, or otherwise, including, without limitation, the
recordation of the assignments of the Mortgage Loans to it. The
Company agrees to cooperate with the Trustee in effecting the
termination of the responsibilities and rights of the Company
hereunder, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that
shall at the time be held by the Company and that have been or
should have been credited by it to the Mortgage Loan Payment
Record, or that have been deposited by the Company in the
Certificate Account or are thereafter received by the Company
with respect to the Mortgage Loans. In addition to any other
amounts which are then, or, notwithstanding the termination of
its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan, due during the period prior to the notice pursuant
to this Section 7.01 which terminates the obligation and rights
of the Company hereunder and received after such notice, that
portion of such payment which it would have been entitled to
retain pursuant to Section 3.04(vi) if such notice had not been
given.
Section 7.02. Trustee to Act; Appointment of Successor. (a)
On and after the time the Company receives a notice of
termination pursuant to Section 7.01, the Trustee shall be the
successor in all respects to the Company in its capacity as
servicer under this Agreement and the transactions set forth or
provided for herein and shall succeed to all the rights of and be
subject to all the responsibilities, duties and liabilities
relating thereto placed on the Company in its
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capacity as servicer by the terms and provisions hereof;
provided, however, that the responsibilities and duties of the
Company pursuant to Sections 2.02 and 2.03(a) and, if the Trustee
is prohibited by law or regulation from making Monthly Advances,
the responsibility to make Monthly Advances pursuant to Section
4.04, shall not be the responsibilities, duties or obligations of
the Trustee; and provided further, that any failure of the
Trustee to perform such duties and responsibilities that is
caused by the Company's failure to cooperate with the Trustee as
required by Section 7.01 shall not be considered a default by the
Trustee hereunder. As compensation therefor, the Trustee shall,
except as provided in Section 7.01, be entitled to such
compensation as the Company would have been entitled to hereunder
if no such notice of termination had been given. Notwithstanding
the above, the Trustee may, if it shall be unwilling so to act,
or shall, if it is legally unable so to act, appoint, or petition
a court of competent jurisdiction to appoint, any established
housing and home finance institution approved to service mortgage
loans for either FNMA or FHLMC, having a net worth of not less
than $10,000,000, as the successor to the Company hereunder in
the assumption of all or any part of the responsibilities, duties
or liabilities of the Company hereunder. Pending appointment of a
successor to the Company pursuant to this Article VII, unless the
Trustee is prohibited by law from so acting, the Trustee shall
act in such capacity as hereinabove provided. In connection with
such appointment and assumption, the Trustee may make such
arrangements for the compensation of such successor out of
payments on Mortgage Loans as it and such successor shall agree;
provided, however, that no such compensation shall be in excess
of that permitted the Company hereunder. The Trustee and such
successor shall take such action, consistent with this Agreement,
as shall be necessary to effectuate any such succession.
(b) Any successor, including the Trustee, to the Company as
servicer pursuant to this Article VII shall during the term of
its service as servicer maintain in force (i) a policy or
policies of insurance covering errors and omissions in the
performance of its obligations as servicer hereunder, and (ii) a
fidelity bond in respect of its officers, employees and agents to
the same extent as the Company is so required pursuant to Section
3.15.
Section 7.03. Notification to Certificateholders. Upon any
termination or appointment of a successor to the Company pursuant
to this Article VII, the Trustee shall give prompt written notice
thereof to Certificateholders at their respective addresses
appearing in the Certificate Register.
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.
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The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
other instruments furnished to the Trustee which are specifically
required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they conform
to the requirements of this Agreement.
No provision of this Agreement shall be construed to
relieve the Trustee from liability for its own negligent action,
its own negligent failure to act or its own misconduct; provided,
however, that:
(i) Prior to the occurrence of an Event of Default,
and after the curing of all such Events of Default which
may have occurred, the duties and obligations of the
Trustee shall be determined solely by the express
provisions of this Agreement, the Trustee shall not be
liable except for the performance of such duties and
obligations as are specifically set forth in this
Agreement, no implied covenants or obligations shall be
read into this Agreement against the Trustee and, in the
absence of bad faith on the part of the Trustee, the
Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed
therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this
Agreement;
(ii) The Trustee shall not be personally liable for an
error of judgment made in good faith by a Responsible
Officer of the Trustee, unless it shall be proved that the
Trustee was negligent in performing its duties in
accordance with the terms of this Agreement;
(iii) The Trustee shall not be personally liable with
respect to any action taken, suffered or omitted to be
taken by it in good faith in accordance with the direction
of the Holders of Certificates of each Class affected
thereby 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
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the provisions contained in this Agreement shall in any event
require the Trustee to perform, or be responsible for the manner
of performance of, any of the obligations of the Company under
this Agreement, except during such time, if any, as the Trustee
shall be the successor to, and be vested with the rights, duties,
powers and privileges of, the Company in accordance with the
terms of this Agreement.
Section 8.02. Certain Matters Affecting the Trustee. Except
as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any
resolution, Officer's Certificate, certificate of auditors
or any other certificate, statement, instrument, opinion,
report, notice, request, consent, order, appraisal, bond or
other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or
parties;
(ii) The Trustee may consult with counsel and any
Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken or suffered
or omitted by it hereunder in good faith and in accordance
with such Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this
Agreement, or to institute, conduct or defend any
litigation hereunder or in relation hereto, at the request,
order or direction of any of the Certificateholders,
pursuant to the provisions of this Agreement, unless such
Certificateholders shall have offered to the Trustee
reasonable security or indemnity against the costs,
expenses and liabilities which may be incurred therein or
thereby; nothing contained herein shall, however, relieve
the Trustee of the obligations, upon the occurrence of an
Event of Default (which has not been cured), to exercise
such of the rights and powers vested in it by this
Agreement, and to use the same degree of care and skill in
their exercise as a prudent person would exercise or use
under the circumstances in the conduct of his or her own
affairs;
(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
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proceeding. The reasonable expense of every such
investigation shall be paid by the Company or, if paid by
the Trustee, shall be reimbursed by the Company upon
demand. Nothing in this clause (v) shall derogate from the
obligation of the Company to observe any applicable law
prohibiting disclosure of information regarding the
Mortgagors; and
(vi) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys or a
custodian.
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans. The recitals contained herein and in the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) or of any Mortgage Loan or
related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or
of the proceeds of such Certificates, or for the use or
application of any funds paid to the Company in respect of the
Mortgage Loans or deposited in or withdrawn from the Certificate
Account by the Company.
Section 8.04. Trustee May Own Certificates. The Trustee in
its individual or any other capacity may become the owner or
pledgee of Certificates with the same rights as it would have if
it were not Trustee.
Section 8.05. The Company to Pay Trustee's Fees and
Expenses. The Company covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to,
reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an
express trust) for all services rendered by it in the execution
of the trusts hereby created and in the exercise and performance
of any of the powers and duties hereunder of the Trustee, and the
Company will pay or reimburse the Trustee upon its request for
all reasonable expenses, disbursements and advances (including
any Monthly Advances of the Trustee not previously reimbursed
thereto pursuant to Section 3.04) incurred or made by the Trustee
in accordance with any of the provisions of this Agreement
(including the reasonable compensation and the expenses and
disbursements of its counsel and of all persons not regularly in
its employ) except any such expense, disbursement or advance as
may arise from its negligence or bad faith or which is the
responsibility of Certificateholders hereunder. In addition, the
Company covenants and agrees to indemnify the Trustee from, and
hold it harmless against, any and all losses, liabilities,
damages, claims or expenses other than those resulting from the
negligence or bad faith of the Trustee. From time to time, the
Trustee may request that the Company debit the Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee. The
Trustee hereunder shall at all times be a corporation having 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
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authority. If such corporation publishes reports of condition at
least annually, pursuant to law or to the requirements of the
aforesaid supervising or examining authority, then for the
purposes of this Section 8.06, the combined capital and surplus
of such corporation shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition
so published. The Trustee shall not be an affiliate of the
Company. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section 8.06,
the Trustee shall resign immediately in the manner and with the
effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Company.
Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a
successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee will
enable the Company to avoid (and should, based on the information
included in the notice referred to below, result in the avoidance
of) a downgrading of the ratings assigned to the Certificates by
the Rating Agencies (whether or not other actions could avoid
such downgrading) and no Event of Default, as provided by Section
7.01 hereof, shall have occurred or be continuing; provided,
however, that no action shall be taken pursuant to this clause
(iii) unless reasonable notice shall have been provided to the
Trustee, which notice shall set forth the 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
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documents and statements held by it hereunder; and the Company
and the predecessor Trustee shall execute and deliver such
instruments and do such other things as may reasonably be
required for fully and certainly vesting and confirming in the
successor Trustee all such rights, powers, duties and
obligations.
No successor Trustee shall accept appointment as
provided in this Section 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of
Certificates at their addresses as shown in the Certificate
Register. If the Company fails to mail such notice within 10 days
after acceptance of appointment by the successor Trustee, the
successor Trustee shall cause such notice to be mailed at the
expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any
corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, without the
execution or filing of any paper or any further act on the part
of any of the parties hereto, anything herein to the contrary
notwithstanding.
Section 8.10. Appointment of Co-Trustee or Separate
Trustee. Notwithstanding any other provisions of this Agreement,
at any time, for the purpose of meeting any legal requirements of
any jurisdiction in which any part of the Trust Fund or property
securing any Mortgage Note may at the time be located, the
Company and the Trustee acting jointly shall have the power and
shall execute and deliver all instruments to appoint one or more
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
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trustee or co-trustee is not authorized to act separately
without the Trustee joining in such act), except to the
extent that under any law of any jurisdiction in which any
particular act or acts are to be performed (whether as
Trustee hereunder or as successor to the Company
hereunder), the Trustee shall be incompetent or unqualified
to perform such act or acts, in which event such rights,
powers, duties and obligations (including the holding of
title to the Trust Fund or any portion thereof in any such
jurisdiction) shall be exercised and performed singly by
such separate trustee or co-trustee, but solely at the
direction of the Trustee;
(ii) No trustee hereunder shall be held personally
liable by reason of any act or omission of any other
trustee hereunder; and
(iii) The Company and the Trustee acting jointly may
at any time accept the resignation of or remove any
separate trustee or co-trustee.
Any notice, request or other writing given to the
Trustee shall be deemed to have been given to each of the then
separate trustees and co-trustees, as effectively as if given to
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 REMIC from failing to qualify as a REMIC and to
prevent the imposition of a tax on the Trust Fund or the REMIC
established hereunder. The Trustee, upon request, will furnish
the Company with all such information within its possession as
may be reasonably required in connection with the preparation of
all tax returns of the Trust Fund and any Reserve Fund, and
shall, upon request, execute such returns.
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans. Subject to Section 9.02, the
respective obligations and responsibilities of the
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Company and the Trustee created hereby (other than the obligation
of the Trustee to make certain payments to Certificateholders
after the final Distribution Date and the obligation of the
Trustee to send certain notices as hereinafter set forth) shall
terminate upon the last action required to be taken by the
Trustee on the final Distribution Date pursuant to this Article
IX following the earlier of (a) the repurchase by the Company of
all Mortgage Loans and all REO Mortgage Loans remaining in the
Trust Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than any REO
Mortgage Loans described in the following clause) as of the first
day of the month in which such purchase price is to be
distributed to Certificateholders plus accrued and unpaid
interest thereon at the applicable Remittance Rate (less any
amounts constituting previously unreimbursed Monthly Advances) to
the first day of the month in which such purchase price is to be
distributed to Certificateholders and (y) the appraised value of
any REO Mortgage Loan (less the good faith estimate of the
Company of Liquidation Expenses to be incurred in connection with
its disposal thereof), such appraisal to be conducted by an
appraiser mutually agreed upon by the Company and the Trustee,
and (b) the later of the final payment or other liquidation (or
any Monthly Advance with respect thereto) of the last Mortgage
Loan remaining in the Trust Fund or the disposition of all
property acquired upon foreclosure or by deed in lieu of
foreclosure of any Mortgage Loan; provided, however, that in no
event shall the Trust Fund created hereby continue beyond the
expiration of 21 years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late ambassador of the
United States of America to the Court of St. James's, living on
the date of this Agreement. The right of the Company to
repurchase all Mortgage Loans pursuant to clause (a) above shall
be conditioned upon the aggregate of the Scheduled Principal
Balance of the Outstanding Mortgage Loans, at the time of any
such repurchase, aggregating less than 10 percent of the
aggregate of the Scheduled Principal Balance of the Mortgage
Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
Certificates to the Trustee for payment of the final distribution
and cancellation, shall be given promptly by the Trustee by
letter to Certificateholders mailed not earlier than the 15th day
and not later than the 25th day of the month next preceding the
month of such final distribution specifying (A) the Distribution
Date upon which final payment of the Certificates will be made
upon presentation and surrender of the Certificates at the office
of the Trustee therein designated, (B) the amount of any such
final payment and (C) that the Record Date otherwise applicable
to such Distribution Date is not applicable, payments being made
only upon presentation and surrender of the Certificates at the
office of the Trustee therein specified. The Trustee shall give
such notice to the Certificate Registrar at the time such notice
is given to Certificateholders. In the event such notice is given
in connection with the exercise by the Company of its right of
repurchase, the Company shall deposit in the Certificate Account
not later than 11:00 a.m. on the Business Day prior to the final
Distribution Date in next-day funds an amount equal to the price
described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as
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.
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On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the Certificate Account in
accordance with the applicable priorities provided by Section
4.01. Distributions on each Certificate shall be made on the
final Distribution Date in the manner specified in Section 4.02
but only upon presentation and surrender of the Certificates.
In the event that all of the Certificateholders shall
not surrender their Certificates for cancellation within six
months after the date specified in the above-mentioned written
notice, the Trustee shall give a second written notice to the
remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect
thereto. If within one year after the second notice all the
Certificates shall not have been surrendered for cancellation,
the Trustee may take appropriate steps, or may appoint an agent
to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates,
and the cost thereof shall be paid out of the funds and other
assets which remain subject hereto.
Section 9.02. Additional Termination Requirements. (a) In
the event the Company exercises its purchase option as provided
in Section 9.01, the Trust Fund and the REMIC established
hereunder shall be terminated in accordance with the following
additional requirements, unless the Trustee has been supplied
with an Opinion of Counsel to the effect that the failure to
comply with the requirements of this Section 9.02 will not (i)
result in the imposition of taxes on "prohibited transactions" of
such REMIC as defined in section 860F of the Code, or (ii) cause
the Trust Fund to fail to qualify as a REMIC at any time that any
Certificates are outstanding:
(i) Within 90 days prior to the final Distribution
Date set forth in the notice given by the Trustee under
Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
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
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ambiguity, to correct or supplement any provisions herein or
therein which may be defective or inconsistent with any other
provisions herein, or to surrender any right or power herein
conferred upon the Company, or to add any other provisions with
respect to matters or questions arising under this Agreement,
which shall not be materially inconsistent with the provisions of
this Agreement; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder.
Notwithstanding the foregoing, without the consent of the
Certificateholders, the Trustee and the Company may at any time
and from time to time amend this Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be
necessary or appropriate to maintain the qualification of the
Trust Fund as a REMIC under the Code or to avoid or minimize the
risk of the imposition of any tax on the Trust Fund pursuant to
the Code that would be a claim against the Trust Fund at any time
prior to the final redemption of the Certificates, provided that
the Trustee has obtained an opinion of independent counsel (which
opinion also shall be addressed to the Company) to the effect
that such action is necessary or appropriate to maintain such
qualification or to avoid or minimize the risk of the imposition
of such a tax.
This Agreement may also be amended from time to time
by the Company and the Trustee with the consent of Holders of
Certificates evidencing (i) not less than 66% of the Voting
Rights of all the Certificates or (ii) Percentage Interests
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.
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Section 10.02. Recordation of Agreement. This Agreement is
subject to recordation in all appropriate public offices for real
property records in all the counties or other comparable
jurisdictions in which any or all of the properties subject to
the Mortgages are situated, and in any other appropriate public
recording office or elsewhere, such recordation to be effected by
the Company and at its expense on direction by the Trustee, but
only upon direction of the Trustee accompanied by an Opinion of
Counsel to the effect that such recordation materially and
beneficially affects the interests of Certificateholders.
For the purpose of facilitating the recordation of
this Agreement as herein provided and for other purposes, this
Agreement may be executed simultaneously in any number of
counterparts, each of which counterparts shall be deemed to be an
original, and such counterparts shall constitute but one and the
same instrument.
Section 10.03. Limitation on Rights of Certificateholders.
The death or incapacity of any Certificateholder shall not
operate to terminate this Agreement or the Trust Fund, nor
entitle such Certificateholder's legal representatives or heirs
to claim an accounting or to take any action or commence any
proceeding in any court for a partition or winding up of the
Trust Fund, nor otherwise affect the rights, obligations and
liabilities of the parties hereto or any of them.
No Certificateholder shall have any right to vote
(except as provided in Section 10.01) or in any manner otherwise
control the operation and management of the Trust Fund, or the
obligations of the parties hereto, nor shall anything herein set
forth, or contained in the terms of the Certificates, be
construed so as to constitute the Certificateholders from time to
time as partners or members of an association; nor shall any
Certificateholder be under any liability to any third person by
reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or
by availing itself of any provisions of this Agreement to
institute any suit, action or proceeding in equity or at law upon
or under or with respect to this Agreement, unless such Holder
previously shall have given to the Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided,
and unless also the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25% shall have made written
request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for 60 days after
its receipt of such notice, request and offer of indemnity, shall
have neglected or refused to institute any such action, suit or
proceeding; it being understood and intended, and being expressly
covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of the Certificates, or to obtain or seek to
obtain priority over or preference to any other such Holder, or
to enforce any right under this Agreement, except in the manner
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.
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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
IBCA, Inc., 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 Ratings Services, 26 Broadway, 10th
Floor, New York, New York 10004, Attention: Residential Mortgage
Surveillance, or, as to each such Person, at such other address
as shall be designated by such Person in a written notice to each
other named Person. Any notice required or permitted to be mailed
to a Certificateholder shall be given by first class mail,
postage prepaid, at the address of such Holder as shown in the
Certificate Register. Any notice so mailed within the time
prescribed in this Agreement shall be conclusively presumed to
have been duly given, whether or not the Certificateholder
receives such notice.
Section 10.06. Notices to the Rating Agencies. The Company
shall deliver written notice of the following events to each
Rating Agency promptly following the occurrence thereof: material
amendment to this Agreement; any Event of Default; any Trigger
Event; change in or termination of the Trustee; removal of the
Company or any successor servicer as servicer; repurchase or
replacement of any Defective Mortgage Loan pursuant to Section
2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
delivered pursuant to this Agreement: monthly statements to
Certificateholders pursuant to Section 4.05, annual report of
independent accountants pursuant to Section 3.13 and annual
servicer compliance report pursuant to Section 3.12.
Notwithstanding the foregoing, the failure to deliver such
notices or copies shall not constitute an Event of Default under
this Agreement.
Section 10.07. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever held invalid, then
to the extent permitted by law such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement or of the Certificates or the
rights of the Holders thereof.
Section 10.08. Certificates Nonassessable and Fully Paid. It
is the intention of the Trustee that Certificateholders shall not
be personally liable for obligations of the Trust Fund, that the
beneficial ownership interests represented by the Certificates
shall be nonassessable for any losses or expenses of the Trust
Fund or for any reason whatsoever, and that Certificates upon
execution, countersignature and delivery thereof by the Trustee
are and shall be deemed fully paid.
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* * *
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IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:_______________________________
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:_______________________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the day of November, 1998 before me, a notary
public in and for the State of New Jersey, personally appeared
_______________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at _______________________
_________________________________________________________; that
he/she is a(n) _________________________ of GE Capital Mortgage
Services, Inc., a corporation formed under the laws of the State
of New Jersey, one of the parties that executed the foregoing
instrument; that he/she knows the seal of said corporation; that
the seal affixed to said instrument is such corporate seal; that
it was so affixed by order of the Board of Directors of said
corporation; and that he/she signed his/her name thereto by like
order.
_________________________________
Notary Public
[Notarial Seal]
<PAGE>
The Commonwealth of Massachusetts )
) ss.:
County of Suffolk )
On the day of November, 1998 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 1998-23
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 A Certificate
Principal Balance:
Class A $500,713,877
Certificate Interest Initial Certificate Principal
Rate per annum: 6.00% Balance of this Certificate:
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RVK8
December 28, 1998
2
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 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 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
3
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-23, issued in eight Classes (Class A,
Class R, Class M, Class B1, Class B2, Class B3, Class B4 and
Class B5, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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
4
<PAGE>
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 (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.
5
<PAGE>
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
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)
6
<PAGE>
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
7
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:____________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
8
<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.
9
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
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 THE
"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.
10
<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 1998-23
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 $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.00% Balance of this Certificate:
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RVL6
December 28, 1998
11
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class R Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 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 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
12
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-23, issued in eight Classes (Class A,
Class R, Class M, Class B1, Class B2, Class B3, Class B4 and
Class B5, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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
13
<PAGE>
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 (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.
14
<PAGE>
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
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)
15
<PAGE>
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.
16
<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:__________________
17
<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.
18
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
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.
19
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-23
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 $9,649,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.00% Balance of this Certificate:
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RVM4
December 28, 1998
20
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 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 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
21
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-23, issued in eight Classes (Class A,
Class R, Class M, Class B1, Class B2, Class B3, Class B4 and
Class B5, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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
22
<PAGE>
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 (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.
23
<PAGE>
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
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)
24
<PAGE>
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.
25
<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:___________________
26
<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.
27
<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.
28
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-23
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B1 Certificate
Principal Balance:
Class B1 $4,172,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.00% Balance of this Certificate:
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RVN2
December 28, 1998
29
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 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
30
<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.
31
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-23
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 $2,347,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.00% Balance of this Certificate:
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RVP7
December 28, 1998
32
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 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
33
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
34
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-23
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B3 Certificate
Principal Balance:
Class B3 $2,087,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.00% Balance of this Certificate:
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RWP6
December 28, 1998
35
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 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 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
36
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-23, issued in eight Classes (Class A,
Class R, Class M, Class B1, Class B2, Class B3, Class B4 and
Class B5, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
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
37
<PAGE>
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 (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.
38
<PAGE>
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
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)
39
<PAGE>
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.
40
<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:___________________
41
<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.
42
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
- -------------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has received such information as the undersigned has requested
43
<PAGE>
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated
- -------------------------
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated
- -------------------------
(Signature)
44
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
45
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-23
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 $1,043,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.00% Balance of this Certificate:
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RWQ4
December 28, 1998
46
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 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
47
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
48
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-23
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B5 Certificate
Principal Balance:
Class B5 $1,565,082.67
Certificate Interest Initial Certificate Principal
Rate per annum: 6.00% Balance of this Certificate:
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RWR2
December 28, 1998
49
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 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
50
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
<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 Base Servicing Fee Rate for such
Mortgage Loan. Cooperative Loans and Enhanced Streamlined
Refinance program loans shall be designated as such.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007694581 MORTGAGORS: FREEZE ROBERT
FREEZE CAROLYN
REGION CODE ADDRESS : 219 84TH ST.
01 CITY : STONE HARBOR
STATE/ZIP : NJ 08247
MORTGAGE AMOUNT : 269,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,293.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,881.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007699044 MORTGAGORS: GRINALDS JOHN
GRINALDS NORWOOD
REGION CODE ADDRESS : 586 MYRTLE AVE.,
02 CITY : PAWLEYS ISLAND,
STATE/ZIP : SC 29585
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,006.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.71400
----------------------------------------------------------------
0 0007699051 MORTGAGORS: ORCHARD KENNETH
ORCHARD THERESA
REGION CODE ADDRESS : 381 DEEP NECK ROAD
02 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 573,743.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,069.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.58500
----------------------------------------------------------------
0 0007699069 MORTGAGORS: BENSON RICHARD
BENSON LORI
REGION CODE ADDRESS : 707 MAINSAIL ARCH
02 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,098.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,350.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007699085 MORTGAGORS: STEADMAN GIL
STEADMAN REBECCA
REGION CODE ADDRESS : 2603 NORTH LUMINA
02 CITY : WRIGHTSVILLE BEACH
STATE/ZIP : NC 28480
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,681.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,820.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.24100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,141,300.00
P & I AMT: 14,904.18
UPB AMT: 2,135,823.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007699135 MORTGAGORS: MCCANN BRIAN
MCCANN STACEY
REGION CODE ADDRESS : 505 OCEAN WAY
02 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,990.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007699168 MORTGAGORS: DONNELLY FRANK
DONNELLY CAROLINE
REGION CODE ADDRESS : 605 OCEANFRONT ARCH,
02 CITY : COROLLA,
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 422,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,979.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,878.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.98300
----------------------------------------------------------------
0 0007699192 MORTGAGORS: FALCAO GLENN
REGION CODE ADDRESS : 7023 OCEAN DRIVE,
02 CITY : EMERALD ISLE,
STATE/ZIP : NC 28594
MORTGAGE AMOUNT : 284,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,079.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0007699325 MORTGAGORS: MARRAPESE FRANK
MARRAPESE TERRIE
REGION CODE ADDRESS : 1117 FRANKLYN STREET
02 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 644,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 643,355.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,508.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007699440 MORTGAGORS: LAING GEORGE
LAING ALLISON
REGION CODE ADDRESS : 2305-A CORDGRASS BAY,
02 CITY : WRIGHTSVILLE BEAC,
STATE/ZIP : NC 28480
MORTGAGE AMOUNT : 271,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,424.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.61000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,881,000.00
P & I AMT: 12,941.62
UPB AMT: 1,876,828.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007699549 MORTGAGORS: FLETCHER CHARLES
FLETCHER DALE
REGION CODE ADDRESS : 3505 E OCEAN DRIVE
02 CITY : EMERALD ISLE
STATE/ZIP : NC 28594
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,575.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0007699572 MORTGAGORS: CULNON STEVEN
CULNON CHERYL
REGION CODE ADDRESS : 3405 VIRGINIA DARE TRAIL
02 CITY : NAGS HEAD
STATE/ZIP : NC 27959
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,374.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007699887 MORTGAGORS: CASTRO ERNESTO
CASTRO NILA MOE
REGION CODE ADDRESS : 11720 CHAPEL ROAD
02 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 268,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,101.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 32.57500
----------------------------------------------------------------
0 0007699911 MORTGAGORS: LEWIS W RAYMOND
REGION CODE ADDRESS : 10321 HICKORY FOREST DRIVE
02 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,841.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007699929 MORTGAGORS: ESSIG PHILLIP
TEMPLETON KIMBERLY
REGION CODE ADDRESS : 5046 HUNTING HILLS SQUARE
02 CITY : ROANOKE
STATE/ZIP : VA 24014
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,261.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,550.00
P & I AMT: 10,853.60
UPB AMT: 1,571,153.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007699937 MORTGAGORS: PRESCOTT DONALD
PRESCOTT MARY
REGION CODE ADDRESS : 3404 WOODLAND HILLS LANE
02 CITY : ROANOKE
STATE/ZIP : VA 24014
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,249.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007699978 MORTGAGORS: MARFING THOMAS
DILORENZO MARIE
REGION CODE ADDRESS : 210 WINDSOR LANE
02 CITY : WINCHESTER
STATE/ZIP : VA 22602
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,713.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,867.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0007699986 MORTGAGORS: SOUEIDAN SHAWKE
SOUEIDAN CYNTHIA
REGION CODE ADDRESS : 3008 JOHN VAUGHAN ROAD
02 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 396,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,911.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700032 MORTGAGORS: FRANCIS SCOTT
REGION CODE ADDRESS : 5814 WESTSLOPE DRIVE
02 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,366.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700107 MORTGAGORS: MARINO DOMINIC
MARINO ELIZABETH
REGION CODE ADDRESS : 13703 CAHILL COURT
02 CITY : CYPRESS
STATE/ZIP : TX 77429
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,815.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.96800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,792,800.00
P & I AMT: 12,481.92
UPB AMT: 1,788,056.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007700172 MORTGAGORS: AVRAMOVICH RAYMOND
AVRAMOVICH MONICA
REGION CODE ADDRESS : 107 CITATION LANE
02 CITY : LYNCHBURG
STATE/ZIP : VA 24503
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,336.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.93600
----------------------------------------------------------------
0 0007700297 MORTGAGORS: MUSCATELLO MARTIN
MUSCATELLO ANDREA
REGION CODE ADDRESS : 2802 SHADOW LAKE ROAD
02 CITY : BLACKSBURG
STATE/ZIP : VA 24060
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,152.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700651 MORTGAGORS: KROUT ROBERT
REGION CODE ADDRESS : 3114 PATRICK HENRY DRIVE
02 CITY : FALLS CHURCH
STATE/ZIP : VA 22044
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,046.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0007700685 MORTGAGORS: LIVERMAN WALTER
LIVERMAN JILL
REGION CODE ADDRESS : 110 VIRGINIA DARE COURT
02 CITY : KILL DEVIL HILLS
STATE/ZIP : NC 27948
MORTGAGE AMOUNT : 279,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,941.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.88500
----------------------------------------------------------------
0 0007700701 MORTGAGORS: HAWTHORNE STEPHEN
HAWTHORNE BARBARA
REGION CODE ADDRESS : 34 SCARLET DRIVE
02 CITY : FREEHOLD
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,290.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.47000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,479,350.00
P & I AMT: 10,229.48
UPB AMT: 1,474,768.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007700750 MORTGAGORS: SMITH KENNY
SMITH MARY
REGION CODE ADDRESS : 6703 HANSON LANE
02 CITY : MOUNT AIR
STATE/ZIP : VA 22079
MORTGAGE AMOUNT : 252,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,248.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0007700768 MORTGAGORS: POHTOS ROBERT
POHTOS SAMANTHA
REGION CODE ADDRESS : 20050 ALEXANDRA'S GROVE DRIVE
02 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,896.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700776 MORTGAGORS: WELLS OSCAR
WELLS KAREN
REGION CODE ADDRESS : 1286 GATESMEADOW COURT
02 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 395,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,783.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,597.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0007700792 MORTGAGORS: NESBITT ARTHUR
NESBITT MEREDITH
REGION CODE ADDRESS : 213 MAPLE CREEK LANE
02 CITY : DAVIDSONVILLE
STATE/ZIP : TN 21035
MORTGAGE AMOUNT : 304,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,099.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97500
----------------------------------------------------------------
0 0007700818 MORTGAGORS: HOFFMANN ROBERT
HOFFMANN JULIA
REGION CODE ADDRESS : 6289 RED FOX ESTATES COURT
02 CITY : SPRINGFIELD
STATE/ZIP : VA 22152
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,159.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.20600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,500.00
P & I AMT: 10,456.40
UPB AMT: 1,567,186.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007700834 MORTGAGORS: THOMAS SCOTT
THOMAS HELEN
REGION CODE ADDRESS : 6173 ROSO STREET
02 CITY : SPRINGFIELD
STATE/ZIP : VA 22150
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,393.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700867 MORTGAGORS: RAY JAMES
RAY KAREN
REGION CODE ADDRESS : 50 BRIAR LANE
02 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,242.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.70500
----------------------------------------------------------------
0 0007700875 MORTGAGORS: PODGORSKY JEAN
REGION CODE ADDRESS : 422 QUEEN STREET
02 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,555.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.30 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700883 MORTGAGORS: GRAHAM ARTHUR
GRAHAM KARLA
REGION CODE ADDRESS : 43143 TEABERRY DRIVE
02 CITY : LEESBURG
STATE/ZIP : VA 20176
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,555.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700917 MORTGAGORS: KOFF STEPHEN
ERTEL KAREN
REGION CODE ADDRESS : 2603 OAKTON GLEN DRIVE
02 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,786.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,393,200.00
P & I AMT: 9,445.55
UPB AMT: 1,390,533.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007700990 MORTGAGORS: NOFFSINGER THEODORE
NOFFSINGER BEVERLY
REGION CODE ADDRESS : 1024 HARWICH DRIVE
02 CITY : CHESAPEAKE
STATE/ZIP : VA 23322
MORTGAGE AMOUNT : 245,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,936.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.54700
----------------------------------------------------------------
0 0007701014 MORTGAGORS: BOYER GARY
BOYER CATHERINE
REGION CODE ADDRESS : 10107 CROOKED CREEK COURT
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,312.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.84000
----------------------------------------------------------------
0 0007701030 MORTGAGORS: BAE JONATHAN
BAE ALLISON
REGION CODE ADDRESS : 4427 FOREST HILL DRIVE
02 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,714.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701048 MORTGAGORS: PANZA NICHOLAS
PANZA PAULINE
REGION CODE ADDRESS : 3 PARKWAY
02 CITY : MONTCLAIR
STATE/ZIP : NJ 07043
MORTGAGE AMOUNT : 323,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,954.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.77800
----------------------------------------------------------------
0 0007701147 MORTGAGORS: RICHTER JOHN
RICHTER KATHLEEN
REGION CODE ADDRESS : 3405 WALNUT HILL COURT
02 CITY : FALLS CHURCH
STATE/ZIP : VA 22042
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,111.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,412,250.00
P & I AMT: 9,230.14
UPB AMT: 1,409,029.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701337 MORTGAGORS: MINITE ANTHONY
MINITE THERESA
REGION CODE ADDRESS : 802 WEEPING WILLOW DRIVE
02 CITY : POWDER SPRINGS
STATE/ZIP : GA 30127
MORTGAGE AMOUNT : 269,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,248.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99407
----------------------------------------------------------------
0 0007701436 MORTGAGORS: ARMAS CHRISTOBAL
ARMAS ELIZABETH
REGION CODE ADDRESS : 1347 FOREST LANE
02 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,096.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,112.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.89800
----------------------------------------------------------------
0 0007701501 MORTGAGORS: NIELSEN KRISTEN
SIMPSON DEAN
REGION CODE ADDRESS : 1935 4TH AVENUE WEST
02 CITY : SEATTLE
STATE/ZIP : WA 98119
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,285.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701519 MORTGAGORS: DYER MARK
DYER JEAN
REGION CODE ADDRESS : 105 SHADOWOOD DRIVE
02 CITY : JOHNSON CITY
STATE/ZIP : TN 37604
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 : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0007701543 MORTGAGORS: POLVERINO VICTOR
REGION CODE ADDRESS : 6 SCOTT ALLEY
02 CITY : SAN FRANCISCO
STATE/ZIP : CA 94107
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,215.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,250.00
P & I AMT: 9,259.60
UPB AMT: 1,359,272.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701618 MORTGAGORS: HARB KENNETH
HARB ANNA
REGION CODE ADDRESS : 1113 CEDARVIEW LANE
02 CITY : FRANKLIN
STATE/ZIP : TN 37067
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,365.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.86700
----------------------------------------------------------------
0 0007701626 MORTGAGORS: SCHEER LISA
SCHEER PAUL
REGION CODE ADDRESS : 28272 RANCHO CRISTIANO
02 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701709 MORTGAGORS: CHENG VERA
HICKEY DANIEL
REGION CODE ADDRESS : 2803 WEST GRACE AVENUE
02 CITY : SPOKANE
STATE/ZIP : WA 99205
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,511.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007701725 MORTGAGORS: POWER ROBERT
RAYMOND MICHELLE
REGION CODE ADDRESS : 18543 NE 19TH PLACE
02 CITY : BELLEVUE
STATE/ZIP : WA 98008
MORTGAGE AMOUNT : 296,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,835.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.38600
----------------------------------------------------------------
0 0007701733 MORTGAGORS: BRAGG JULIA
REGION CODE ADDRESS : 3224 TARRYHOLLOW DRIVE
02 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,061.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,620.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,553,500.00
P & I AMT: 10,687.12
UPB AMT: 1,550,145.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701741 MORTGAGORS: CHADWICK MICHAEL
CHADWICK JANICE
REGION CODE ADDRESS : 103 HOBBLEBROOK COURT
02 CITY : GARY
STATE/ZIP : NC 27511
MORTGAGE AMOUNT : 299,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,495.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007706252 MORTGAGORS: YEAMAN THOMAS
YEAMAN KYE
REGION CODE ADDRESS : 1714 SENICA BLVD
02 CITY : WINTER SPRINGS,
STATE/ZIP : FL 32708
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,055.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.56600
----------------------------------------------------------------
0 0007706336 MORTGAGORS: LANEVE RALPH
REGION CODE ADDRESS : 5105 WALNUT PARK DRIVE
02 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 491,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,371.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,394.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.74100
----------------------------------------------------------------
0 0007706427 MORTGAGORS: GADD ROBERT
GUEST KATHERINE
REGION CODE ADDRESS : 269 BRADLEY POINT ROAD
02 CITY : SAVANNAH
STATE/ZIP : GA 31410
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,058.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.63300
----------------------------------------------------------------
0 0007706740 MORTGAGORS: KERN JENNIFER
REGION CODE ADDRESS : 209 CRICKENTREE DR
02 CITY : BLYTHEWOOD
STATE/ZIP : SC 29016
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,910.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,754,700.00
P & I AMT: 12,056.91
UPB AMT: 1,749,890.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007707086 MORTGAGORS: BERNSTEIN JEFFREY
BERNSTEIN JOAN
REGION CODE ADDRESS : 4866 TRANTIN CT
02 CITY : WAUNAKEE
STATE/ZIP : WI 53597
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,032.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.07900
----------------------------------------------------------------
0 0007707144 MORTGAGORS: CAPRIOTTI JOHN
REGION CODE ADDRESS : 9633 NW FLEISCHNER ST
02 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,180.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.84615
----------------------------------------------------------------
0 0007707151 MORTGAGORS: HESS JAMES
HESS SHEILA
REGION CODE ADDRESS : 10316 SOUTH BRADEN AVENUE
02 CITY : TULSA
STATE/ZIP : OK 74137
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,436.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.56200
----------------------------------------------------------------
0 0007707201 MORTGAGORS: ABRAMSON RONALD
FOXLEY HOLLY
REGION CODE ADDRESS : 17421 33RD PLACE WEST
02 CITY : LYNNWOOD
STATE/ZIP : WA 98037
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,427.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007708068 MORTGAGORS: MAGRATH PATRICK
MAGRATH SANDRA
REGION CODE ADDRESS : 3024 NORTH HARRISON STREET
02 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,246.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,728,800.00
P & I AMT: 11,952.93
UPB AMT: 1,725,324.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708282 MORTGAGORS: STILLER JESSE
STILLER DEBORAH
REGION CODE ADDRESS : 6319 EASTERN STAR WAY
02 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,600.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.61000
----------------------------------------------------------------
0 0007708381 MORTGAGORS: SWAPP HUGH
REGION CODE ADDRESS : 3125 WOOD BRANCH DR
02 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,461.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007708639 MORTGAGORS: COOK EDWIN
COOK AILENE
REGION CODE ADDRESS : 30051 TROUTDALE RIDGE ROAD
02 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 271,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,991.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.87500
----------------------------------------------------------------
0 0007708803 MORTGAGORS: WHITE RONALD
WHITE CHRISTINE
REGION CODE ADDRESS : 21237 NORTHEAST 14TH PLACE
02 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,451.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.26760
----------------------------------------------------------------
0 0007709033 MORTGAGORS: ETHRIDGE STEPHEN
ETHRIDGE SUSAN
REGION CODE ADDRESS : 8 MADERA DEL PRESIDIO DRIVE
02 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 476,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,490.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,329.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.19200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,700.00
P & I AMT: 10,725.13
UPB AMT: 1,537,996.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709363 MORTGAGORS: MEIER KEVIN
REGION CODE ADDRESS : 1003 CARDIFF LANE
02 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,153.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,527.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.67100
----------------------------------------------------------------
0 0007709553 MORTGAGORS: BYKOWSKI GEORGE
BYKOWSKI SHERYL
REGION CODE ADDRESS : 9417 SOUTHERN HILLS CIRCLE
02 CITY : LONE TREE
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,630.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710007 MORTGAGORS: ROTHMAN RICHARD
ROTHMAN LINDA
REGION CODE ADDRESS : 1012 TANZANIA DRIVE
02 CITY : ROSEVILLE
STATE/ZIP : CA 95661
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,207.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710486 MORTGAGORS: STRID ERIC
STRID CYNTHIA
REGION CODE ADDRESS : 9323 NW OLD SKYLINE BLVD
02 CITY : PORTLAND
STATE/ZIP : OR 97231
MORTGAGE AMOUNT : 481,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,783.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,366.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007710783 MORTGAGORS: BRYAN RICHARD
BRYAN BRENDA
REGION CODE ADDRESS : 1613 KILMER DRIVE
02 CITY : KNOXVILLE
STATE/ZIP : TN 37922
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,542.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.72928
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,788,500.00
P & I AMT: 12,289.79
UPB AMT: 1,784,316.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710791 MORTGAGORS: YOUNG JAMES
YOUNG HILDA
REGION CODE ADDRESS : 2633 MISTY BROOK LANE
02 CITY : CORDOVA
STATE/ZIP : TN 38018
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,616.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.36500
----------------------------------------------------------------
0 0007710841 MORTGAGORS: HARIHARAN PARAM
PARAMESWARAN LALITHA
REGION CODE ADDRESS : 8664 KENWOOD COURT
02 CITY : CINCINNATI
STATE/ZIP : OH 45236
MORTGAGE AMOUNT : 349,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,742.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0007710866 MORTGAGORS: COOKE MARTIN
COOKE JENNIFER
REGION CODE ADDRESS : 809 SPRINGS FIREPLACE ROAD
02 CITY : EAST HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,198.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0007710916 MORTGAGORS: STOBAUGH CLAY
GALLATIN MARY
REGION CODE ADDRESS : 170 E 78TH STREET APT 5E
02 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,298.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.20000
----------------------------------------------------------------
0 0007711617 MORTGAGORS: CUTNER DAVID
CUTNER SHEILA
REGION CODE ADDRESS : 439 EAST 51ST STREET #3A
02 CITY : NEW YORK
STATE/ZIP : NY 10128
MORTGAGE AMOUNT : 397,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,587.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,745.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,547,750.00
P & I AMT: 10,745.70
UPB AMT: 1,541,443.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007713233 MORTGAGORS: STETSON MICHAEL
STETSON SANDRA
REGION CODE ADDRESS : 29-46 166 STREET
02 CITY : FLUSHING
STATE/ZIP : NY 11358
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,421.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007713241 MORTGAGORS: FEINGOLD ORRIN
HILTEBEITEL CAROLYN
REGION CODE ADDRESS : 1/2C 505 EAST 83RD STREET
02 CITY : NEW YORK
STATE/ZIP : NY 10028
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,364.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007714512 MORTGAGORS: BAKER CHARLES
BAKER SUSAN
REGION CODE ADDRESS : 11 RIVERSIDE DRIVE #4BE&4CE
02 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,160.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,798.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.33333
----------------------------------------------------------------
0 0007719412 MORTGAGORS: ROYCHOWDHURY SHANTANU
ROYCHOWDHURY PIA
REGION CODE ADDRESS : 707 PINE STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19106
MORTGAGE AMOUNT : 521,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,773.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,554.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.88800
----------------------------------------------------------------
0 0007720154 MORTGAGORS: DEVIN ROBERT
DEVIN SUSAN
REGION CODE ADDRESS : 820 FLANDERS ROAD
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 284,832.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,941.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,023,832.00
P & I AMT: 13,933.85
UPB AMT: 2,019,661.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723026 MORTGAGORS: THOMPSON ERIC
REGION CODE ADDRESS : 109 HECKS ANDREWS WAY
02 CITY : APEX
STATE/ZIP : NC 27502
MORTGAGE AMOUNT : 301,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,978.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0007723034 MORTGAGORS: CROSS WILLIAM
CROSS EVA
REGION CODE ADDRESS : 6120 WOODLEIGH OAKS DR
02 CITY : CHARLOTTE
STATE/ZIP : NC 28277
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,756.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723042 MORTGAGORS: FROH DEBORAH
REGION CODE ADDRESS : 1280 BAYBERRY CT
02 CITY : CROZET
STATE/ZIP : VA 22932
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,543.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723059 MORTGAGORS: GOLSHAN MOHSEN
GOLSHAN SHIDEH
REGION CODE ADDRESS : 21 BLOSSOM HILL DRIVE
02 CITY : PLAINSBORO
STATE/ZIP : NJ 08536
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,444.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.83100
----------------------------------------------------------------
0 0007723067 MORTGAGORS: EVANS CALVIN
EVANS NORMA
REGION CODE ADDRESS : 60 NORMANDY RD.
02 CITY : MARLTON
STATE/ZIP : NJ 08053
MORTGAGE AMOUNT : 232,191.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,707.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.80000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,641.00
P & I AMT: 9,821.34
UPB AMT: 1,454,429.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723075 MORTGAGORS: PERRY RICK
PERRY TERESA
REGION CODE ADDRESS : 284 WHITE FANG WAY
02 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,332.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.78075
----------------------------------------------------------------
0 0007723083 MORTGAGORS: RAMIREZ FERDINAND
OSORIO-RAMIREZ GERALDINE
REGION CODE ADDRESS : 272 WHITE FANG WAY
02 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 431,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,240.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,983.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007723091 MORTGAGORS: GAIERO JEFFREY
GAIERO KRISTINA
REGION CODE ADDRESS : 1618 CALL OF THE WILD CT
02 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,553.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.28600
----------------------------------------------------------------
0 0007723109 MORTGAGORS: KILMER RICHARD
REGION CODE ADDRESS : 1000 AQUA HAVEN CT
02 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 699,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 692,095.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,829.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.56300
----------------------------------------------------------------
0 0007723117 MORTGAGORS: FOX JEFFREY
FOX SUSAN
REGION CODE ADDRESS : 851 BROADWAY AVE
02 CITY : CRYSTAL LAKE
STATE/ZIP : IL 60014
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,775.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,054,100.00
P & I AMT: 14,108.74
UPB AMT: 2,044,997.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723133 MORTGAGORS: NESSEN KOHLASCH VICTORIA
KOHLASCH JAMES
REGION CODE ADDRESS : 55 BROOKSDALE RD
02 CITY : BRIGHTON
STATE/ZIP : MA 02135
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,555.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723141 MORTGAGORS: CORIS LEONARD
CORIS DORIS
REGION CODE ADDRESS : 34 PICKWICK WAY
02 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 381,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,432.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,664.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723158 MORTGAGORS: KIRK HAL
WRIGHT MICHAEL
REGION CODE ADDRESS : 1106 BALMORAL DR
02 CITY : LOUISVILLE
STATE/ZIP : KY 40205
MORTGAGE AMOUNT : 301,560.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,099.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,082.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.46200
----------------------------------------------------------------
0 0007723166 MORTGAGORS: CRABTREE DAVID
CRABTREE JUDY
REGION CODE ADDRESS : 207 CRANBORNE LN
02 CITY : APEX
STATE/ZIP : NC 27502
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,167.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723182 MORTGAGORS: MORGAN JERRY
MORGAN MARY
REGION CODE ADDRESS : 10074 CIRCLEVIEW DR
02 CITY : AUSTIN
STATE/ZIP : TX 78733
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.19152
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,160.00
P & I AMT: 10,675.76
UPB AMT: 1,533,841.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723190 MORTGAGORS: MCARTOR SCOT
MCARTOR SHERI
REGION CODE ADDRESS : 4507 AQUA VERDE DR
02 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,568.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723208 MORTGAGORS: KAISNER BRIAN
KAISNER TERRI
REGION CODE ADDRESS : 12017 MIRA MESA DR.
02 CITY : AUSTIN
STATE/ZIP : TX 78732
MORTGAGE AMOUNT : 308,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,892.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99754
----------------------------------------------------------------
0 0007723216 MORTGAGORS: PRINCE JEFFERSON
PRINCE JANE
REGION CODE ADDRESS : 180 GARDNER ST
02 CITY : HAMILTON
STATE/ZIP : MA 01936
MORTGAGE AMOUNT : 561,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,421.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,829.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0007723224 MORTGAGORS: KURINSKY HERBERT
KURINSKY VICKI
REGION CODE ADDRESS : 13 WATERVIEW
02 CITY : LONG BRANCH
STATE/ZIP : NJ 07740
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 : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.36508
----------------------------------------------------------------
0 0007723232 MORTGAGORS: HENDERSON TODD
HENDERSON KATHERINE
REGION CODE ADDRESS : 128 MILLER ROAD
02 CITY : KINNELON
STATE/ZIP : NJ 07005
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,556.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.63200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,672,900.00
P & I AMT: 11,496.48
UPB AMT: 1,670,085.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723240 MORTGAGORS: JASINSKI KENNETH
JASINSKI JACQUELINE
REGION CODE ADDRESS : 145 CORLIES AVENUE
02 CITY : PELHAM
STATE/ZIP : NY 10803
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,404.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0007723257 MORTGAGORS: BOKOR ROBERT
BOKOR ANNA
REGION CODE ADDRESS : 43 CHICOPEE DRIVE
02 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 307,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,463.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,205.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.79200
----------------------------------------------------------------
0 0007723273 MORTGAGORS: VAZZANA MARIO
VAZZANA MARTHA
REGION CODE ADDRESS : 4496 SLEEPING INDIAN RD
02 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,596.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723281 MORTGAGORS: HUTCHINSON STEVE
HUTCHINSON KATHY
REGION CODE ADDRESS : 22 PRAIRIE FALCON
02 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,634.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,536.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723299 MORTGAGORS: PULIDO RUBEN
PULIDO YOLANDA
REGION CODE ADDRESS : 17545 FOOTHILL CIR.
02 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,601.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.09000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,900.00
P & I AMT: 10,164.84
UPB AMT: 1,458,701.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723315 MORTGAGORS: PHILLIPS BRUCE
PHILLIPS JOANN
REGION CODE ADDRESS : 20 BROOK ROAD
02 CITY : WYCKOFF
STATE/ZIP : NJ 07481
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,004.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.61538
----------------------------------------------------------------
0 0007723331 MORTGAGORS: ROBINSON-MELCHOR JACQUELINE
MELCHOR HENRY
REGION CODE ADDRESS : 8267 GLEN EAGLE DRIVE
02 CITY : MANLIUS
STATE/ZIP : NY 13104
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,580.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.82700
----------------------------------------------------------------
0 0007723349 MORTGAGORS: CULBERTSON JOHN
CULBERTSON CAROLYN
REGION CODE ADDRESS : 33 OLD ALTAMONT RIDGE RD
02 CITY : GREENVILLE
STATE/ZIP : SC 29609
MORTGAGE AMOUNT : 240,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,874.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.96400
----------------------------------------------------------------
0 0007723356 MORTGAGORS: HANDO TIMOTHY
REGION CODE ADDRESS : 6210 PERTHSHIRE CT
02 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 279,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,140.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723364 MORTGAGORS: AGHA-KHAN MIKE
AGHA-KHAN SAGHI
REGION CODE ADDRESS : 14000 ESWORTHY RD
02 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,347.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,650.00
P & I AMT: 9,040.30
UPB AMT: 1,335,945.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723372 MORTGAGORS: BRENNAN STEPHEN
BRENNAN JULIE
REGION CODE ADDRESS : 43803 MICHENER DR
02 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,538.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723380 MORTGAGORS: ZIFRONY BENJAMIN
ZIFRONY RANDI
REGION CODE ADDRESS : 10202 DAPHNEY HOUSE WAY
02 CITY : ROCKVILLE
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 397,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,977.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.96000
----------------------------------------------------------------
0 0007723398 MORTGAGORS: PARZOW BARRY
PARZOW ILYSE
REGION CODE ADDRESS : 12609 MAIDENS BOWER DR
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 324,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,692.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.94500
----------------------------------------------------------------
0 0007723406 MORTGAGORS: ASATOORIAN SEPOOH
ASATOORIAN MARIE
REGION CODE ADDRESS : 11419 BEDFORDSHIRE AVE
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.88200
----------------------------------------------------------------
0 0007723414 MORTGAGORS: DOUGLAS DANIEL
DOUGLAS THERESA
REGION CODE ADDRESS : 10313 VISTA GROVE ST
02 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,598.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,800.00
P & I AMT: 10,397.71
UPB AMT: 1,531,369.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723422 MORTGAGORS: GOLDRICH NORMAN
GOLSRICH FRANCES
REGION CODE ADDRESS : 3303 HICKORY CREEK DR
02 CITY : CINCINNATI
STATE/ZIP : OH 45244
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,893.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,206.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.95200
----------------------------------------------------------------
0 0007723430 MORTGAGORS: SALAZAR JOHNNIE
SALAZAR ANNE
REGION CODE ADDRESS : 220 LANGLIE CT
02 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,480.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723448 MORTGAGORS: OGRADY WILLIAM
REGION CODE ADDRESS : 27046 PARKSIDE DR
02 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,660.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723455 MORTGAGORS: KING EDWARD
KING COLLEEN
REGION CODE ADDRESS : 1166 RIVER PINE CIR
02 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,587.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007723463 MORTGAGORS: DANFORTH DARIN
DANFORTH DEBBIE
REGION CODE ADDRESS : 1293 QUANDT CT
02 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 373,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,000.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,673,600.00
P & I AMT: 11,447.12
UPB AMT: 1,670,622.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723471 MORTGAGORS: KALMAN GREGG
KALMAN MARISSA
REGION CODE ADDRESS : 2543 N. BURLING ST
02 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,210.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,193.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723489 MORTGAGORS: DEMARIA LOUIS
DEMARIA MARY
REGION CODE ADDRESS : 2 BLUE HERON COURT
02 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 357,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,754.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,467.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007723497 MORTGAGORS: COLLINS DAVID
MARKS-COLLINS MARY
REGION CODE ADDRESS : 1137 SAN ILDEFONSO
02 CITY : LOS ALAMOS
STATE/ZIP : NM 87544
MORTGAGE AMOUNT : 345,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,208.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.57900
----------------------------------------------------------------
0 0007723513 MORTGAGORS: VOGELPOHL MICHAEL
VOGELPOHL KARIN
REGION CODE ADDRESS : 3501 YAEGER CROSSING CT
02 CITY : ST. LOUIS
STATE/ZIP : MO 63129
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,589.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723521 MORTGAGORS: LEONARD THOMAS
LEONARD MARY
REGION CODE ADDRESS : 406 W JACKSON
02 CITY : WEBSTER GROVES
STATE/ZIP : MO 63119
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,438.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,789,050.00
P & I AMT: 12,102.62
UPB AMT: 1,786,202.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723539 MORTGAGORS: SCHWARTZ WILLIAM
SCHWARTZ SUZANNE
REGION CODE ADDRESS : 302 RUTLAND AVENUE
02 CITY : TEANECK
STATE/ZIP : NJ 07666
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,645.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.54500
----------------------------------------------------------------
0 0007723547 MORTGAGORS: CRUMP PETER
REGION CODE ADDRESS : 3784 DOC SARGENT
02 CITY : PACIFIC
STATE/ZIP : MO 63069
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,371.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 46.11700
----------------------------------------------------------------
0 0007723554 MORTGAGORS: DI GIOIA JOHN
DI GIOIA VICTORIA
REGION CODE ADDRESS : 192 WOOD ST
02 CITY : RUTHERFORD
STATE/ZIP : NJ 07070
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,609.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723570 MORTGAGORS: HANSEN E.
REGION CODE ADDRESS : 5710 W. 128TH ST.
02 CITY : OVERLAND PARK
STATE/ZIP : KS 66209
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,502.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723588 MORTGAGORS: CHARPENTIER DANIEL
REGION CODE ADDRESS : 17813 GREY ABBEY ST.
02 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 421,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,324.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,836.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.43300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,625,000.00
P & I AMT: 11,078.94
UPB AMT: 1,622,453.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723596 MORTGAGORS: SOBELMAN STEVEN
SOBELMAN JOY
REGION CODE ADDRESS : 17002 KIMWOOD CT.
02 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 244,310.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,927.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.29200
----------------------------------------------------------------
0 0007723604 MORTGAGORS: KENNEDY THOMAS
REGION CODE ADDRESS : 1001 S. WARSON ROAD
02 CITY : ST. LOUIS
STATE/ZIP : MO 63124
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,819.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.81900
----------------------------------------------------------------
0 0007723612 MORTGAGORS: JULO EARL
JULO ELIZABETH
REGION CODE ADDRESS : 13121 LAMAR
02 CITY : OVERLAND PARK
STATE/ZIP : KS 66209
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,438.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.96100
----------------------------------------------------------------
0 0007723638 MORTGAGORS: CLAVNER JEFFREY
CLAVNER LORRAINE
REGION CODE ADDRESS : 9109 FREMONT AVENUE
02 CITY : MARGATE
STATE/ZIP : NJ 08402
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,486.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723653 MORTGAGORS: MULLINS PERRY
REGION CODE ADDRESS : 2512 PELICAN BAY
02 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,558.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,310.00
P & I AMT: 10,159.76
UPB AMT: 1,471,231.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723679 MORTGAGORS: PERRY STAN
PERRY CAROL
REGION CODE ADDRESS : 6811 FALLBROOK CT
02 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,378.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0007723695 MORTGAGORS: SAPUTELLI GREGORY
SAPUTELLI LINDA
REGION CODE ADDRESS : 286 W MAIN STREET
02 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,935.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.83300
----------------------------------------------------------------
0 0007723703 MORTGAGORS: CRAWFORD HOWARD
CRAWFORD KATHLEEN
REGION CODE ADDRESS : 120 AUTRY LANDING WAY
02 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 377,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,464.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007723711 MORTGAGORS: PEOPLES DOROTHY
REGION CODE ADDRESS : 100 WIMBLY POINT
02 CITY : RIVERDALE
STATE/ZIP : GA 30296
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,349.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723729 MORTGAGORS: IMPEDUGLIA JOHN
IMPEDUGLIA ROSE
REGION CODE ADDRESS : 35 BENT TREE LANE
02 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29926
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,345.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,450.00
P & I AMT: 10,941.31
UPB AMT: 1,628,473.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723737 MORTGAGORS: VIVEK NARENDRA
VIVEK MADHU
REGION CODE ADDRESS : 107 ROYAL TROON COURT
02 CITY : GREENVILLE
STATE/ZIP : SC 29650
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,751.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723760 MORTGAGORS: DELL TIMOTHY
DELL LYNN
REGION CODE ADDRESS : 5 TAVERN COURT
02 CITY : BLYTHEWOOD
STATE/ZIP : SC 29016
MORTGAGE AMOUNT : 293,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,729.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.89100
----------------------------------------------------------------
0 0007723778 MORTGAGORS: BRUCKER KENNETH
RUSSELL SHARON
REGION CODE ADDRESS : 1682 CRESCENT KNOLLS GL
02 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 346,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,857.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,363.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0007723786 MORTGAGORS: CERECK PAMELA
REGION CODE ADDRESS : 1676 CRESCENT KNOLLS GL
02 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 290,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,110.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0007723794 MORTGAGORS: MILLER WAYNE
MILLER PATRICIA
REGION CODE ADDRESS : 1679 CRESCENT KNOLLS GL
02 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,558.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.36300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,200.00
P & I AMT: 10,021.55
UPB AMT: 1,499,007.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723802 MORTGAGORS: HAAS TERRY
HAAS SANDRA
REGION CODE ADDRESS : 31030 VIA PUERTA DEL SOL
02 CITY : BONSALL
STATE/ZIP : CA 92003
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,432.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.23077
----------------------------------------------------------------
0 0007723828 MORTGAGORS: PLESKOW WARREN
PLESKOW AUDREY
REGION CODE ADDRESS : 6448 CALLE DEL ALCAZAR
02 CITY : SAN DIEGO
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 994,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 992,981.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,868.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 49.72500
----------------------------------------------------------------
0 0007723836 MORTGAGORS: LEVY DAVID
LEVIN CAROLYN
REGION CODE ADDRESS : 1108 QUAIL GARDENS CT
02 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,469.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.40200
----------------------------------------------------------------
0 0007723844 MORTGAGORS: LONGO JOHN
LONGO VALOREE
REGION CODE ADDRESS : 57 STANTON LANE
02 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,794.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.59330
----------------------------------------------------------------
0 0007723851 MORTGAGORS: MLADEN GORAN
REGION CODE ADDRESS : 58 DORSETT RD
02 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,607.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,332,500.00
P & I AMT: 16,466.92
UPB AMT: 2,329,285.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723877 MORTGAGORS: MENDELSON ERWIN
MENDELSON SUNNY
REGION CODE ADDRESS : 7108 LOCH LOMOND DR
02 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 639,448.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,151.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723885 MORTGAGORS: JAWORSKI ELISABETH
JAWORSKI TOMASZ
REGION CODE ADDRESS : 10012 WOODHILL RD
02 CITY : BETHEDSA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 594,135.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,211.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0007723893 MORTGAGORS: SKOUFAS DEMETRE
SKOUFAS MARIA
REGION CODE ADDRESS : 151 KNICKERBOCKER ROAD
02 CITY : CLOSTER
STATE/ZIP : NJ 07624
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,044.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007723927 MORTGAGORS: SIMMONS CHRISTOPHER
SHOCH ADRIENNE
REGION CODE ADDRESS : 439 2ND STREET SE
02 CITY : WASHINGTON
STATE/ZIP : DC 20003
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,639.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007723935 MORTGAGORS: PARK JONG
PARK SUNYI
REGION CODE ADDRESS : 11015 RALSTON RD
02 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 318,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,925.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,226.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,095,900.00
P & I AMT: 14,620.83
UPB AMT: 2,093,194.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007723968 MORTGAGORS: MANION DENNIS
MANION KATHERINE
REGION CODE ADDRESS : 731 HANFORD PL
02 CITY : WESTFIELD
STATE/ZIP : NJ 07091
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,818.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.93900
----------------------------------------------------------------
0 0007723976 MORTGAGORS: SMITH DIANE
SMITH JAMES
REGION CODE ADDRESS : 12252 WINDTREE BLVD
02 CITY : SEMINOLE
STATE/ZIP : FL 33772
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,538.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007723984 MORTGAGORS: GARRETT RICHARD
GARRETT KATHLEEN
REGION CODE ADDRESS : 1709 EDGER LN
02 CITY : CAMP HILL
STATE/ZIP : PA 17011
MORTGAGE AMOUNT : 281,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,347.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.08818
----------------------------------------------------------------
0 0007724008 MORTGAGORS: GRANT FRANK
GRANT CHRISTINE
REGION CODE ADDRESS : 10637 CANTERBERRY RD.
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 304,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,298.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724016 MORTGAGORS: NAIR MADHAVANKUTTY
NAIR HYMAVATHI
REGION CODE ADDRESS : 3013 JONQUILLA CT
02 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,490.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,406,600.00
P & I AMT: 9,416.89
UPB AMT: 1,404,494.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724024 MORTGAGORS: TASHJIAN DOUGLAS
TASHJIAN CHRISTINA
REGION CODE ADDRESS : 72 WAGON TR
02 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,392.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724032 MORTGAGORS: BRUMBAUGH FRED
REGION CODE ADDRESS : 617 AYRLIE WATER RD
02 CITY : GIBSON ISLAND
STATE/ZIP : MD 21086
MORTGAGE AMOUNT : 469,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,247.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,159.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 37.82200
----------------------------------------------------------------
0 0007724040 MORTGAGORS: MATHUR SUNIL
REGION CODE ADDRESS : 1 SADDLEHORN DR
02 CITY : CHERRY HILL
STATE/ZIP : NJ 08002
MORTGAGE AMOUNT : 256,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,768.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98901
----------------------------------------------------------------
0 0007724073 MORTGAGORS: RAY DONALD
RAY DAWN
REGION CODE ADDRESS : 816 STALCUP CT
02 CITY : FRANKLIN
STATE/ZIP : TN 37064
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,661.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.94527
----------------------------------------------------------------
0 0007724099 MORTGAGORS: NOBLE DAN
NOBLE ANN
REGION CODE ADDRESS : 6857 LORNA LANE
02 CITY : DALLAS
STATE/ZIP : TX 75214
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,014.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.43100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,700.00
P & I AMT: 11,012.50
UPB AMT: 1,618,084.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724107 MORTGAGORS: MCKAY MICHAEL
MCKAY SHANNON
REGION CODE ADDRESS : 5814 EDLEN ROAD
02 CITY : DALLAS
STATE/ZIP : TX 75220
MORTGAGE AMOUNT : 647,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 646,034.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,305.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.95600
----------------------------------------------------------------
0 0007724115 MORTGAGORS: BURAS FREDERICK
LONERGAN THOMAS
REGION CODE ADDRESS : 1020 PHILIP STREET
02 CITY : NEW ORLEANS
STATE/ZIP : LA 70130
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,805.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.03400
----------------------------------------------------------------
0 0007724123 MORTGAGORS: COKE JOHN
REGION CODE ADDRESS : 4224 STANFORD AVENUE
02 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,780.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.89400
----------------------------------------------------------------
0 0007724131 MORTGAGORS: BISCHOF HARRY
BISCHOF KAREN
REGION CODE ADDRESS : 62 ROLLING LINKS COURT
02 CITY : THE WOODLANDS
STATE/ZIP : TX 77380
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,814.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.03200
----------------------------------------------------------------
0 0007724149 MORTGAGORS: PARKER RONALD
PARKER THERESA
REGION CODE ADDRESS : 508 GREEN STREET
02 CITY : NORTHBOROUGH
STATE/ZIP : MA 01532
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,734.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,743,100.00
P & I AMT: 11,738.03
UPB AMT: 1,741,168.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724156 MORTGAGORS: DUMLER DANIEL
DUMLER DENISE
REGION CODE ADDRESS : 209 FAREFIELD CT
02 CITY : YORK
STATE/ZIP : PA 17402
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,975.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724164 MORTGAGORS: VOLLMAR JONATHAN
LEE SUSAN
REGION CODE ADDRESS : 405 APPLETON ST
02 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,554.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724172 MORTGAGORS: LERNER STEVEN
LERNER DARBY
REGION CODE ADDRESS : 79 CHARLES RIVER DR
02 CITY : FRANKLIN
STATE/ZIP : MA 02038
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,593.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0007724180 MORTGAGORS: MURPHY LINDA
MURPHY PATRICK
REGION CODE ADDRESS : 25 ARUNDEL RD
02 CITY : POMPTON PLAINS
STATE/ZIP : NJ 07444
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,464.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.52300
----------------------------------------------------------------
0 0007724198 MORTGAGORS: SCHIAVINO GARY
SCHIAVINO DENISE
REGION CODE ADDRESS : 3 EMMONS RD
02 CITY : READINGTON
STATE/ZIP : NJ 08870
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,559.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.82600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,432,400.00
P & I AMT: 9,746.52
UPB AMT: 1,430,145.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724206 MORTGAGORS: SIEBERT DOUGLAS
KENNEDY ANDREA
REGION CODE ADDRESS : 76 MINE ST.
02 CITY : FLEMINGTON
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,524.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.96100
----------------------------------------------------------------
0 0007724214 MORTGAGORS: TSIPENYUK VLADMIR
TSIPENYUK FAINA
REGION CODE ADDRESS : 43 CLIVE HILLS RD
02 CITY : EDISON
STATE/ZIP : NJ 08820
MORTGAGE AMOUNT : 353,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,046.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724222 MORTGAGORS: VOTAW JAMES
BRUNO ANDORRA
REGION CODE ADDRESS : 3821 KANAWHA ST NW
02 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,378.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.15600
----------------------------------------------------------------
0 0007724255 MORTGAGORS: FIGUEROA FERNANDO
FIGUEROA YVETTE
REGION CODE ADDRESS : 11803 THRIFT RD
02 CITY : CLINTON
STATE/ZIP : MD 20735
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,615.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007724263 MORTGAGORS: CONRAD BRUCE
CONRAD CHRISTINA
REGION CODE ADDRESS : 14 PATRICIA DR
02 CITY : GRAFTON
STATE/ZIP : MA 01519
MORTGAGE AMOUNT : 241,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,242.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,250.00
P & I AMT: 10,025.36
UPB AMT: 1,496,807.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724271 MORTGAGORS: DOTZMAN DOUGLAS
DOTZMAN JUDITH
REGION CODE ADDRESS : 44 CROPWELL LN.
02 CITY : HOLLAND
STATE/ZIP : PA 18966
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,543.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0007724289 MORTGAGORS: GILL BIKRAM
GILL JATINDER
REGION CODE ADDRESS : 113 BRIARCLIFF DR
02 CITY : MARLBORO
STATE/ZIP : NJ 07746
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.74015
----------------------------------------------------------------
0 0007724305 MORTGAGORS: PRAUTZSCH FRANK
PRAUTZSCH LINDA
REGION CODE ADDRESS : 3834 WHITMAN RD
02 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,572.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724321 MORTGAGORS: ELBERT STEVE
ELBERT ELIZABETH
REGION CODE ADDRESS : 4334 BANBURY DRIVE
02 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,568.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724339 MORTGAGORS: GANGEMI ANTHONY
TRAVIS CYNTHIA
REGION CODE ADDRESS : 7845 KING ARTHUR COURT
02 CITY : WHITE PLAINS
STATE/ZIP : MD 20695
MORTGAGE AMOUNT : 237,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,369.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99720
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,324,550.00
P & I AMT: 8,853.67
UPB AMT: 1,322,813.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724347 MORTGAGORS: AMUDIPE OLUWOLE
REGION CODE ADDRESS : 94 A NORRISTOWN RD
02 CITY : BLUE BELL
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 366,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,826.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,499.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.65200
----------------------------------------------------------------
0 0007724354 MORTGAGORS: SCHILLING STEVEN
SCHILLING ELIZABETH
REGION CODE ADDRESS : 54 PROSPECT BAY DRIVE WEST
02 CITY : GRASONVILLE
STATE/ZIP : MD 21638
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,057.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007724370 MORTGAGORS: LLAMES ROBERTO
LLAMES MARIA LUISA
REGION CODE ADDRESS : 2804 MILES STONE DRIVE
02 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 312,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,036.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0007724388 MORTGAGORS: KALRA KRISHAN
KALRA ASHA
REGION CODE ADDRESS : 2015 SILVERWOOD DR
02 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,307.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,856.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.12200
----------------------------------------------------------------
0 0007724396 MORTGAGORS: MORRIS STEPHEN
MORRIS SOPHIE
REGION CODE ADDRESS : 3735 THOMAS POINT ROAD
02 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 458,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,283.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,124.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,817,450.00
P & I AMT: 12,223.51
UPB AMT: 1,812,511.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724404 MORTGAGORS: ROTTER MICHAEL
ROTTER DEBORAH
REGION CODE ADDRESS : 8100 WILDFLOWER DR
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 582,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 581,266.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,922.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.30900
----------------------------------------------------------------
0 0007724412 MORTGAGORS: DALY JOHN
DALY BETHANNE
REGION CODE ADDRESS : 1293 SUMNER WAY
02 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,565.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724420 MORTGAGORS: FONNER WILLIAM
FONNER ALEXIS
REGION CODE ADDRESS : 1426 JERICHO RD
02 CITY : ABINGTON
STATE/ZIP : PA 19001
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,474.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724438 MORTGAGORS: SCHAFER RONALD
SCHAFER KIMBERLY
REGION CODE ADDRESS : 2431 PATTERSON AVE.
02 CITY : SHELBYVILLE
STATE/ZIP : MI 49344
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,468.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724503 MORTGAGORS: MULCAHY TIMOTHY
MULCAHY PEGGY
REGION CODE ADDRESS : 2 EAGLE POINTE
02 CITY : HUDSON
STATE/ZIP : IL 61748
MORTGAGE AMOUNT : 369,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,540.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,518.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.34600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,887,400.00
P & I AMT: 12,781.63
UPB AMT: 1,883,314.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724529 MORTGAGORS: VANVLIET JIM
VANVLIET KATHY
REGION CODE ADDRESS : 4606 THORNBURY DR E.
02 CITY : VALPARAISO
STATE/ZIP : IN 46383
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.07000
----------------------------------------------------------------
0 0007724537 MORTGAGORS: JESKO JAMES
REGION CODE ADDRESS : 3776 PRARIE CREEK
02 CITY : SAGINAW
STATE/ZIP : MI 48603
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,775.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724552 MORTGAGORS: SCHLICKSUP ANDREW
SCHLICKSUP AMY
REGION CODE ADDRESS : 4533 GRANDVIEW NORTH
02 CITY : PEORIA
STATE/ZIP : IL 61614
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007724578 MORTGAGORS: DOSHI RATIKUMAR
DOSHI RAMA
REGION CODE ADDRESS : 5310 WOODLANDS ESTATES DR
02 CITY : BLOOMFIELD HILLS
STATE/ZIP : MI 48302
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,061.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.17300
----------------------------------------------------------------
0 0007724594 MORTGAGORS: GABRAM-MENDOLA SHERYL
MENDOLA RICHARD
REGION CODE ADDRESS : 9536 PACIFIC COURT
02 CITY : BURR RIDGE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,007.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,073,000.00
P & I AMT: 14,196.77
UPB AMT: 2,070,006.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724602 MORTGAGORS: YOUNGHANZ TERRY
YOUNGHANZ SHANNON
REGION CODE ADDRESS : 3311 GLOUCESTER COURT, W
02 CITY : PEORIA
STATE/ZIP : IL 61615
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,616.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.03200
----------------------------------------------------------------
0 0007724610 MORTGAGORS: BRUNER TERRY
BRUNER ROBIN
REGION CODE ADDRESS : 19203 W. GRASS LAKE ROAD
02 CITY : LAKE VILLA
STATE/ZIP : IL 60046
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,785.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.23690
----------------------------------------------------------------
0 0007724628 MORTGAGORS: RICE CHARLES
RICE KOYNE
REGION CODE ADDRESS : 16834 THORNGATE
02 CITY : EAST LANSING
STATE/ZIP : MI 48823
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,581.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.94594
----------------------------------------------------------------
0 0007724644 MORTGAGORS: CLINTON RALPH
CLINTON BRENDA
REGION CODE ADDRESS : 2215 DINSMORE ROAD
02 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,008.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.84615
----------------------------------------------------------------
0 0007724651 MORTGAGORS: MCCOY JAMES
MCCOY GAIL
REGION CODE ADDRESS : 1364 CASCADE FALLS DRIVE
02 CITY : ATLANTA
STATE/ZIP : GA 30311
MORTGAGE AMOUNT : 275,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,146.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,600.00
P & I AMT: 9,309.39
UPB AMT: 1,369,139.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724685 MORTGAGORS: SUSONG JOHN
REGION CODE ADDRESS : 9433 PONTIUS ST NE
02 CITY : ALLIANCE
STATE/ZIP : OH 44601
MORTGAGE AMOUNT : 498,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,938.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,444.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.72300
----------------------------------------------------------------
0 0007724693 MORTGAGORS: MOWEN DAVID
MOWEN MARILYN
REGION CODE ADDRESS : 40439 N 69TH PL
02 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,441.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007724701 MORTGAGORS: BRADY DAVID
REGION CODE ADDRESS : 621 KENT OAKS WAY
02 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 307,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,054.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0007724727 MORTGAGORS: FUNDERBURKE RICK
EGGLESTON CAROL
REGION CODE ADDRESS : 1520 LONGVIEW ROAD
02 CITY : ROANOKE
STATE/ZIP : VA 24018
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,909.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007724735 MORTGAGORS: VIDMAR RONALD
VIDMAR SHIRLEY
REGION CODE ADDRESS : 1758 BRAUMILLER RD
02 CITY : DELAWARE
STATE/ZIP : OH 43015
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,587.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.26200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,500.00
P & I AMT: 10,727.82
UPB AMT: 1,576,932.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724768 MORTGAGORS: MCLAUGHLIN JOHN
MCLAUGHLIN DOREEN
REGION CODE ADDRESS : 110 TUNBRIDGE RD
02 CITY : BALTIMORE
STATE/ZIP : MD 21212
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,378.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0007724776 MORTGAGORS: TOBEY ROBERT
RAJEK MARY
REGION CODE ADDRESS : 607 BIG OAK RD
02 CITY : CHARLOTTESVILLE
STATE/ZIP : VA 22903
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,493.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724792 MORTGAGORS: GOLDNER ALLAN
GOLDNER ELISE
REGION CODE ADDRESS : 30800 AINSWORTH DR
02 CITY : PEPPER PIKE
STATE/ZIP : OH 44124
MORTGAGE AMOUNT : 349,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,227.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.36170
----------------------------------------------------------------
0 0007724818 MORTGAGORS: SHAFFER EUGENE
TAKARA LOIS
REGION CODE ADDRESS : 149 EAST BAY VIEW DR.
02 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 339,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,669.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724834 MORTGAGORS: SMITH ANTHONY
SMITH GINA
REGION CODE ADDRESS : 221 CLEEK SPRINGS CT
02 CITY : BEAVERCREEK
STATE/ZIP : OH 45440
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,554.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 82.25300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,593,700.00
P & I AMT: 10,754.41
UPB AMT: 1,591,322.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724842 MORTGAGORS: REYSER MARTIN
REGION CODE ADDRESS : 303 D ST SE
02 CITY : WASHINGTON
STATE/ZIP : DC 20003
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0007724867 MORTGAGORS: BOUCHARD RAYMOND
BOUCHARD KRISTINE
REGION CODE ADDRESS : 1328 TURNER RD
02 CITY : BELLEFONTAINE
STATE/ZIP : OH 43311
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,589.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.01100
----------------------------------------------------------------
0 0007724875 MORTGAGORS: GREGORY B.
GREGORY PATRICIA
REGION CODE ADDRESS : 19911 KNOLLCROSS DR
02 CITY : GERMANTOWN
STATE/ZIP : MD 20876
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 : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724891 MORTGAGORS: APPEL GEORGE
APPEL DANA
REGION CODE ADDRESS : 2939 OXBOW RD
02 CITY : BATH
STATE/ZIP : OH 44210
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,511.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724909 MORTGAGORS: MILLER JONATHAN
NAPPY ALICE
REGION CODE ADDRESS : 2407 STRATTON DR
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,615.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,317,000.00
P & I AMT: 8,991.19
UPB AMT: 1,314,941.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007724917 MORTGAGORS: CURRIER DONALD
CURRIER ELIZABETH
REGION CODE ADDRESS : 47361 RED OAK DR
02 CITY : NORTHVILLE
STATE/ZIP : MI 48167
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,526.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007724925 MORTGAGORS: RONDEAU PHILIP
RONDEAU NONA
REGION CODE ADDRESS : 5209 SPRINGLAKE WAY
02 CITY : BALTIMORE
STATE/ZIP : MD 21212
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.85714
----------------------------------------------------------------
0 0007724941 MORTGAGORS: DROUGAS JAMES
DROUGAS HOLLY
REGION CODE ADDRESS : 2436 CORNWALLIS AVE
02 CITY : ROANOKE
STATE/ZIP : VA 24014
MORTGAGE AMOUNT : 317,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,215.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.88372
----------------------------------------------------------------
0 0007724974 MORTGAGORS: JOHNSON THEODORE
JOHNSON TERESA
REGION CODE ADDRESS : 2916 SOM CENTER RD
02 CITY : WILLOUGHBY HILLS
STATE/ZIP : OH 44094
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,488.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.76056
----------------------------------------------------------------
0 0007725005 MORTGAGORS: BROWN KEVIN
REGION CODE ADDRESS : 1666 ROXBURY RD
02 CITY : COLUMBUS
STATE/ZIP : OH 43212
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,398.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.48387
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,700.00
P & I AMT: 10,607.08
UPB AMT: 1,560,429.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725013 MORTGAGORS: ELFERS RALPH
ELFERS MARTHA JANE
REGION CODE ADDRESS : 125 DALFABER LN
02 CITY : SPRINGBORO
STATE/ZIP : OH 45066
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,424.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725021 MORTGAGORS: CHU MYRON
CHU JENNIFER
REGION CODE ADDRESS : 14400 QUAIL POINTE DR.
02 CITY : CARMEL
STATE/ZIP : IN 46032
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,549.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725039 MORTGAGORS: JONES PHILLIP
JONES PATRICIA
REGION CODE ADDRESS : 32298 BRANDON PL.
02 CITY : AVON LAKE
STATE/ZIP : OH 44012
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,383.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.09345
----------------------------------------------------------------
0 0007725047 MORTGAGORS: DEUTSCH DAVID
DEUTSCH BARBARA
REGION CODE ADDRESS : 2448 OAKBROOK BLVD
02 CITY : BEAVERCREEK
STATE/ZIP : OH 45434
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0007725088 MORTGAGORS: SHERMIS ROBIN
SHERMIS DENISE
REGION CODE ADDRESS : 7557 RYMOOR CT
02 CITY : SYLVANIA
STATE/ZIP : OH 43560
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,428.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.52381
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,676,000.00
P & I AMT: 11,370.02
UPB AMT: 1,673,347.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725096 MORTGAGORS: MCGRAW RICHARD
MCGRAW CAROL
REGION CODE ADDRESS : 3209 HOMEWOOD ROAD
02 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 266,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,369.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.64100
----------------------------------------------------------------
0 0007725104 MORTGAGORS: BARTINDALE MARK
BARTINDALE BARBARA
REGION CODE ADDRESS : 1904 GREAT FALLS STREET
02 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,169.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725112 MORTGAGORS: GIPSON THOMAS
GIPSON GINGER
REGION CODE ADDRESS : 29 PLATT CLINE
02 CITY : FLAGSTAFF
STATE/ZIP : AZ 86001
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,285.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725138 MORTGAGORS: MCINTYRE GREGORY
MCINTYRE SANDRA
REGION CODE ADDRESS : 9906 SOUTH PARK CIRCLE
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,434.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,288.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725153 MORTGAGORS: JOHNSON KAY
JOHNSON JUDY
REGION CODE ADDRESS : 345 BANYON PT
02 CITY : ROSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,324.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,398,400.00
P & I AMT: 9,349.46
UPB AMT: 1,395,582.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725161 MORTGAGORS: GREENFIELD GERALD
GREENFIELD KARON
REGION CODE ADDRESS : 2284 COBTAIL WAY
02 CITY : BLACKLICK
STATE/ZIP : OH 43004
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,358.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0007725179 MORTGAGORS: GOPALAN RAM
GOPALAN MEENA
REGION CODE ADDRESS : 10333 BRITTENFORD DR
02 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 408,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,275.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,824.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.01785
----------------------------------------------------------------
0 0007725187 MORTGAGORS: LEWIN-SMITH MICHAEL
LEE PEGGY
REGION CODE ADDRESS : 11308 OLD CLUB RD.
02 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,312.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.66200
----------------------------------------------------------------
0 0007725195 MORTGAGORS: HONG JUNG-SOO
KIM HAEYOUNG
REGION CODE ADDRESS : 8516 COUNTRYBROOKE WAY
02 CITY : LUTHERVILLE
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 346,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,830.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,304.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.59856
----------------------------------------------------------------
0 0007725203 MORTGAGORS: LOWRY CARLA
LOWRY EDWARD
REGION CODE ADDRESS : 75 WEXFORD
02 CITY : GRANVILLE
STATE/ZIP : OH 43023
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,527.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,754,300.00
P & I AMT: 11,859.46
UPB AMT: 1,751,304.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725229 MORTGAGORS: JENKINS ROBERT
JENKINS ANN
REGION CODE ADDRESS : 537 SPRING LAKE PT
02 CITY : HOLLAND
STATE/ZIP : OH 43528
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,379.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007725237 MORTGAGORS: LAZAR MARK
LAZAR MONICA
REGION CODE ADDRESS : 6415 GREYRIDGE BLVD
02 CITY : INDIANAPOLIS
STATE/ZIP : IN 46237
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,580.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
0 0007725245 MORTGAGORS: HEIMANS STEVEN
HEIMANS CHERYLIN
REGION CODE ADDRESS : 125 INVERNESS WAY
02 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,131.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007725260 MORTGAGORS: TAYLOR NORMAN
TAYLOR JUDITH
REGION CODE ADDRESS : 8710 LOCHAVEN DRIVE
02 CITY : GAITHERSBURG
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 253,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,492.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.45200
----------------------------------------------------------------
0 0007725278 MORTGAGORS: WILLCOXSON ROBERT
WILLCOXSON JUDITH
REGION CODE ADDRESS : 4510 COLDSTREAM WAY
02 CITY : FLAGSTAFF
STATE/ZIP : AZ 86004
MORTGAGE AMOUNT : 313,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,685.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,600.00
P & I AMT: 9,828.70
UPB AMT: 1,454,269.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725286 MORTGAGORS: YARVIN ERIC
YARVIN NANCY
REGION CODE ADDRESS : 11520 FLINTS GROVE LN
02 CITY : N POTOMAC
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,231.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.49230
----------------------------------------------------------------
0 0007725294 MORTGAGORS: STERETT WILLIAM
STERETT DIANA
REGION CODE ADDRESS : 950 SUMMITT CIRCLE NORTH
02 CITY : YORK
STATE/ZIP : PA 17403
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 578,998.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,761.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725328 MORTGAGORS: BALLENGER MATT
BALLENGER KIMBERLY
REGION CODE ADDRESS : 264 CYPRESS CREEK ROAD
02 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 330,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,269.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725344 MORTGAGORS: BUTCHER DUC
BUTCHER KAM
REGION CODE ADDRESS : 12200 FALLS ROAD
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 288,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,087.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0007725351 MORTGAGORS: TRASATTI VINCENT
TRASATTI KAREN
REGION CODE ADDRESS : 9909 WENTWORTH PLACE
02 CITY : IJAMSVILLE
STATE/ZIP : MD 21754
MORTGAGE AMOUNT : 316,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,304.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,161.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,751,750.00
P & I AMT: 11,702.91
UPB AMT: 1,748,890.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725369 MORTGAGORS: SULLIVAN THOMAS
REGION CODE ADDRESS : 8009 COVE HARBOUR DR N
02 CITY : HOLLAND
STATE/ZIP : OH 43528
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,118.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725377 MORTGAGORS: WELBORN LEILA
WELBORN BILLY
REGION CODE ADDRESS : 12033 GREAT ELM DR
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 750,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 749,414.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,116.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 71.42800
----------------------------------------------------------------
0 0007725385 MORTGAGORS: PASCARELLA ANTHONY
PASCARELLA MARY
REGION CODE ADDRESS : 10375 YELLOW LOCUST LN
02 CITY : DAYTON
STATE/ZIP : OH 45458
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,200.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/23
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725393 MORTGAGORS: MORROW WILLIAM
MORROW LAURA
REGION CODE ADDRESS : 17243 SPATES HILL ROAD
02 CITY : POOLESVILLE
STATE/ZIP : MD 20837
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,820.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.33300
----------------------------------------------------------------
0 0007725427 MORTGAGORS: LETZER JEFFREY
LETZER ELIZABETH
REGION CODE ADDRESS : 6450 WHITNEY WOODS
02 CITY : RICHLAND
STATE/ZIP : MI 49083
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,582.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,906,600.00
P & I AMT: 13,209.07
UPB AMT: 1,904,136.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725435 MORTGAGORS: OLDHAM FRED
JOHNSON OLDHAM PATRICIA
REGION CODE ADDRESS : 1415 WHITE OAK DR
02 CITY : KALAMAZOO
STATE/ZIP : MI 49008
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,481.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725443 MORTGAGORS: HOWE MARYBETH
HOWE THOMAS
REGION CODE ADDRESS : 979 WESTWOOD
02 CITY : BIRMINGHAM
STATE/ZIP : MI 48009
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,648.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.94100
----------------------------------------------------------------
0 0007725468 MORTGAGORS: CLARK BRADLEY
CLARK PAULA
REGION CODE ADDRESS : 7530 ABBEY RD.
02 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,380.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.50700
----------------------------------------------------------------
0 0007725476 MORTGAGORS: WEBER JOHN
WEBER KAREN
REGION CODE ADDRESS : 2648 SWEETBROOM RD
02 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,062.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007725484 MORTGAGORS: BALUGA JOSEFINA
REGION CODE ADDRESS : 6413 RAINTREE PLACE
02 CITY : SPRINGFIELD
STATE/ZIP : IL 62707
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,356.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,490,250.00
P & I AMT: 9,961.80
UPB AMT: 1,487,929.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725500 MORTGAGORS: SCHEARER ROBERT
SCHEARER SUSAN
REGION CODE ADDRESS : 2808 WINDFLOWER CT W
02 CITY : PEORIA
STATE/ZIP : IL 61615
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,563.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.20200
----------------------------------------------------------------
0 0007725518 MORTGAGORS: PISKULICK ROGER
PISKULICK KATHRYN
REGION CODE ADDRESS : 216 W. FLYNN LN
02 CITY : PHOENIX
STATE/ZIP : AZ 85013
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,145.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725526 MORTGAGORS: CHILDS GARY
REGION CODE ADDRESS : 5795 S. OLD SPANISH TRAIL
02 CITY : TUCSON
STATE/ZIP : AZ 85747
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,375.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725534 MORTGAGORS: EDELSON ALLAN
EDELSON DENISE
REGION CODE ADDRESS : 5247 HILLTOP
02 CITY : LONG GROVE
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,342.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725542 MORTGAGORS: MUTZ RONALD
MUTZ NANCY
REGION CODE ADDRESS : 805 VALENTINE DRIVE
02 CITY : DURANGO
STATE/ZIP : CO 81301
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,506.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,656,600.00
P & I AMT: 11,333.86
UPB AMT: 1,652,933.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725559 MORTGAGORS: BLATTE ERIC
BLATTE JOANNE
REGION CODE ADDRESS : 13 SENTRY HILL ROAD
02 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,517.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725567 MORTGAGORS: RAJTIK THOMAS
RAJTIK NANCY
REGION CODE ADDRESS : 5 MOURAR DRIVE
02 CITY : SPRING CITY
STATE/ZIP : PA 19475
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,769.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725575 MORTGAGORS: GRATTAN BRADLEY
GRATTAN LORI
REGION CODE ADDRESS : 7571 BERKSHIRE LANE
02 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,487.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725583 MORTGAGORS: EINHORN STEPHEN
EINHORN NANCY
REGION CODE ADDRESS : 8205 N. RIVER ROAD
02 CITY : MILWAUKEE
STATE/ZIP : WI 53217
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.24300
----------------------------------------------------------------
0 0007725591 MORTGAGORS: CHECKOVICH PETER
CHECKOVICH JANUARY
REGION CODE ADDRESS : 357 CONANT ROAD
02 CITY : WESTON
STATE/ZIP : MA 02493
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,737.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,639,200.00
P & I AMT: 11,190.47
UPB AMT: 1,636,901.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725609 MORTGAGORS: GONN CRAIG
GONN SHERI
REGION CODE ADDRESS : 1680 BARBERRY CIRCLE
02 CITY : FLORENCE
STATE/ZIP : IL 61032
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,578.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
0 0007725617 MORTGAGORS: STURBAUM JEFFERY
STURBAUM SUSAN
REGION CODE ADDRESS : 8180 QUEEN STREET
02 CITY : ARVADA
STATE/ZIP : CO 80005
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,265.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.20700
----------------------------------------------------------------
0 0007725625 MORTGAGORS: SARAZIN PAUL
SARAZIN THERESIA
REGION CODE ADDRESS : 6996 S RIVIERA ST
02 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 280,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,199.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0007725633 MORTGAGORS: OWENS THOMAS
REGION CODE ADDRESS : 5559 SOUTH HELENA STREET
02 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 287,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,961.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0007725641 MORTGAGORS: DAVIS DONNA
REGION CODE ADDRESS : 975 MEMORIAL DRIVE UNIT 908
02 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,465.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 36.88000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,514,050.00
P & I AMT: 10,409.62
UPB AMT: 1,511,470.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725658 MORTGAGORS: COLBY CHARLES
REGION CODE ADDRESS : LOT 7B CUSCOWILLA
02 CITY : EATONTON
STATE/ZIP : GA 31024
MORTGAGE AMOUNT : 263,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,376.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.34600
----------------------------------------------------------------
0 0007725666 MORTGAGORS: OWEN ROBBIN
OWEN CAROL
REGION CODE ADDRESS : 1205 N. PINE AVENUE
02 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60004
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,012.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007725674 MORTGAGORS: OKUN BARRY
FUREY PAMELA
REGION CODE ADDRESS : 631 SOUTH STREET
02 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 459,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,481.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725682 MORTGAGORS: BERLIN BRADLEY
BERLIN CARLA
REGION CODE ADDRESS : 8424 PETALUMA DR NE
02 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,436.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.56400
----------------------------------------------------------------
0 0007725690 MORTGAGORS: WILLIAMS JONATHAN
WILLIAMS TAMARA
REGION CODE ADDRESS : 190 BAYBERRY RUN
02 CITY : FAIRBURN
STATE/ZIP : GA 30213
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,361.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,783.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,692,500.00
P & I AMT: 11,591.92
UPB AMT: 1,688,668.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725708 MORTGAGORS: VINEY ROBERT
VINEY PATRICIA
REGION CODE ADDRESS : 30 BOGASTOW BROOK ROAD
02 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,145.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,867.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725716 MORTGAGORS: WELCH WILLIAM
WELCH TRACY
REGION CODE ADDRESS : 9933 LINDEL LN
02 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,633.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.54500
----------------------------------------------------------------
0 0007725724 MORTGAGORS: KOTTLER JAMES
KOTTLER DENISE
REGION CODE ADDRESS : 2730 GREENWOOD AVENUE
02 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,409.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007725732 MORTGAGORS: PHILLIPS DAVID
PHILLIPS DEIRDRE
REGION CODE ADDRESS : 34 9TH ST, UNIT #34
02 CITY : BOSTON
STATE/ZIP : MA 02129
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,556.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.76100
----------------------------------------------------------------
0 0007725740 MORTGAGORS: RYAN JOSEPH
RYAN MELISSA
REGION CODE ADDRESS : 8065 LUCKSTONE DRIVE
02 CITY : DUBLIN
STATE/ZIP : OH 43017
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,533.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.82100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,789,000.00
P & I AMT: 12,377.33
UPB AMT: 1,786,278.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725757 MORTGAGORS: SCHUMILAS HARRY
SCHUMILAS MARIA
REGION CODE ADDRESS : 14230 COUNTRY CLUB COURT
02 CITY : ASHLAND
STATE/ZIP : VA 23005
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,569.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.99600
----------------------------------------------------------------
0 0007725765 MORTGAGORS: MOEBIUS JOHN
MOEBIUS HOLLY
REGION CODE ADDRESS : 10022 N MILLER COURT
02 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,450.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.53800
----------------------------------------------------------------
0 0007725773 MORTGAGORS: SECOR JOHN
SECOR SANDRA
REGION CODE ADDRESS : 1708 BURNINGTREE LANE
02 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 290,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,515.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.34500
----------------------------------------------------------------
0 0007725781 MORTGAGORS: HOWARD JOHN
HOWARD LANETTE
REGION CODE ADDRESS : 13716 BRYNWOOD LANE SE
02 CITY : FORT MYERS
STATE/ZIP : FL 33912
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,073.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.22400
----------------------------------------------------------------
0 0007725807 MORTGAGORS: GAMBILL TED
GAMBILL ROSEMARY
REGION CODE ADDRESS : 3096 EASTPOINTE COURT
02 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,616.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,450.00
P & I AMT: 10,061.69
UPB AMT: 1,465,226.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725815 MORTGAGORS: IRELAND FRIEDA
REGION CODE ADDRESS : 3630 N FREMONT STREET
02 CITY : CHICAGO
STATE/ZIP : IL 60613
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,452.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.62700
----------------------------------------------------------------
0 0007725823 MORTGAGORS: BURTON SCOTT
BURTON SANDRA
REGION CODE ADDRESS : 319 SPRUCE STREET
02 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.32000
----------------------------------------------------------------
0 0007725831 MORTGAGORS: RODRIGUEZ MICHAEL
RODRIGUEZ LISA
REGION CODE ADDRESS : 32885 SHADOWBROOK DRIVE
02 CITY : SOLON
STATE/ZIP : OH 44139
MORTGAGE AMOUNT : 365,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,928.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,493.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0007725849 MORTGAGORS: ELLIS RICHARD
ELLIS SHERRY
REGION CODE ADDRESS : 4307 GLEN EDEN DRIVE
02 CITY : NASHVILLE
STATE/ZIP : TN 37205
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,563.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725856 MORTGAGORS: LAIRD KENNETH
LAIRD SARAH
REGION CODE ADDRESS : 1143 BRIDGEMILL AVE
02 CITY : CANTON
STATE/ZIP : GA 30114
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,446.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,563,500.00
P & I AMT: 10,614.66
UPB AMT: 1,560,975.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725864 MORTGAGORS: MORSE DAVID
MILLER JENNIFER
REGION CODE ADDRESS : 46 MEADOW NECK ROAD
02 CITY : FALMOUTH
STATE/ZIP : MA 02536
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,599.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.24000
----------------------------------------------------------------
0 0007725872 MORTGAGORS: FEDOR KEITH
REGION CODE ADDRESS : 1831 GOLDEN POND LN
02 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,578.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.92300
----------------------------------------------------------------
0 0007725880 MORTGAGORS: HARINSTEIN DAVID
HARINSTEIN LINDA
REGION CODE ADDRESS : 1308 SHADY AVE
02 CITY : PITTSBURGH
STATE/ZIP : PA 15214
MORTGAGE AMOUNT : 384,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,182.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725898 MORTGAGORS: RICKETTS DAVID
RICKETTS COLLEEN
REGION CODE ADDRESS : 3235 IMPERIAL LANE
02 CITY : LAKELAND
STATE/ZIP : FL 33813
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,550.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.58900
----------------------------------------------------------------
0 0007725906 MORTGAGORS: CARTER R.
CARTER BARBARA
REGION CODE ADDRESS : 7204 EDMONSON PLACE
02 CITY : PROSPECT
STATE/ZIP : KY 40059
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,519.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.73900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,800.00
P & I AMT: 10,431.77
UPB AMT: 1,521,431.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725914 MORTGAGORS: VERGATO JOSEPH
VERGATO MAUREEN
REGION CODE ADDRESS : 28 DEER RIVER LN
02 CITY : MONROE
STATE/ZIP : CT 06468
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,074.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.10600
----------------------------------------------------------------
0 0007725922 MORTGAGORS: BLAKE BENSON
BLAKE MELINDA
REGION CODE ADDRESS : 320 CHURCHILL ST
02 CITY : NORTHFIELD
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,571.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.77500
----------------------------------------------------------------
0 0007725930 MORTGAGORS: THURSTON RICHARD
THURSTON LISA
REGION CODE ADDRESS : 800 ROSEWOOD COURT
02 CITY : BROOKFIELD
STATE/ZIP : WI 53005
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,645.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725948 MORTGAGORS: TURNER WILBERT
TURNER CURLEY
REGION CODE ADDRESS : 721 ARMSTRONG BOULEVARD
02 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 359,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,023.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007725955 MORTGAGORS: BURNS JAMES
BURNS LORI
REGION CODE ADDRESS : 2963 PRISCILLA AVE
02 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,858.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.36200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,404,100.00
P & I AMT: 9,613.54
UPB AMT: 1,401,173.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007725963 MORTGAGORS: FREELEY AUSTIN
FREELEY JOANN
REGION CODE ADDRESS : 56 LOWELL ROAD
02 CITY : PEMBROKE
STATE/ZIP : MA 02359
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0007725971 MORTGAGORS: BOKOR RICHARD
BOKOR ANN
REGION CODE ADDRESS : 883 COOLIDGE AVENUE
02 CITY : PALATINE
STATE/ZIP : IL 60067
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,056.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.03000
----------------------------------------------------------------
0 0007725989 MORTGAGORS: COMBS MARSHA
COMBS TIMOTHY
REGION CODE ADDRESS : 1140 KEYSTONE TRAIL DR
02 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,625.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.24200
----------------------------------------------------------------
0 0007725997 MORTGAGORS: BRENNAN JAMES
REGION CODE ADDRESS : 7500 TIMBER TRAIL
02 CITY : MCHENRY
STATE/ZIP : IL 60050
MORTGAGE AMOUNT : 276,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,027.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007726003 MORTGAGORS: SOWELL MARCUS
SOWELL ROBIN
REGION CODE ADDRESS : 316 SARDIS POINTE RD
02 CITY : MATTHEWS
STATE/ZIP : NC 28105
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,547.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.33500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,950.00
P & I AMT: 9,211.21
UPB AMT: 1,345,055.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007726011 MORTGAGORS: PHALEN KEVIN
PHALEN DEBRA
REGION CODE ADDRESS : 1982 STENMAN DRIVE
02 CITY : BATAVIA
STATE/ZIP : IL 60510
MORTGAGE AMOUNT : 263,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,287.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.51900
----------------------------------------------------------------
0 0007726029 MORTGAGORS: MCGUIRE JEFFREY
MCGUIRE DIANA
REGION CODE ADDRESS : 41 COPPERFIELD DRIVE
02 CITY : HAWTHORNE WOODS
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 375,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,126.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0007726037 MORTGAGORS: GUERRA LOUIS
GUERRA LORI
REGION CODE ADDRESS : 11 SPRINGFIELD CIRCLE
02 CITY : MERRIMACK
STATE/ZIP : NH 03054
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,585.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.09500
----------------------------------------------------------------
0 0007726045 MORTGAGORS: MILES BRUCE
MILES KIMBERLEY
REGION CODE ADDRESS : 8172 CREEKSIDE TERRACE
02 CITY : BROADVIEW HEIGHTS
STATE/ZIP : OH 44147
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,204.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,379.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007726052 MORTGAGORS: MCLEAN REBECCA
REGION CODE ADDRESS : 51 FOREST AVE UNIT # 52
02 CITY : GREENWICH
STATE/ZIP : CT 06870
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,607.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,150.00
P & I AMT: 10,491.68
UPB AMT: 1,520,811.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007726060 MORTGAGORS: KNIGHT ERIC
DAVIS KATHY
REGION CODE ADDRESS : 10021 NORTH MILLER DRIVE
02 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,420.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.77100
----------------------------------------------------------------
0 0007726078 MORTGAGORS: HOON DAVID
HOON TEXIE
REGION CODE ADDRESS : 6324 QUAKER NECK RD
02 CITY : CHESTERTOWN
STATE/ZIP : MD 21620
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,117.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,705.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0007726086 MORTGAGORS: SMORAL STEPHEN
SMORAL ROSEMARIE
REGION CODE ADDRESS : 7671 HEATHERWOOD LANE
02 CITY : DUBLIN
STATE/ZIP : OH 43017
MORTGAGE AMOUNT : 294,290.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,794.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99957
----------------------------------------------------------------
0 0007726094 MORTGAGORS: PIGG BRENT
PIGG MARIA
REGION CODE ADDRESS : 1216 WEST NEWPORT
02 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,025.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.66000
----------------------------------------------------------------
0 0007726102 MORTGAGORS: BEDNARCZYK LORI
BEDNARCZYK BENEDICT
REGION CODE ADDRESS : 1215 ALEXANDRA BLVD.
02 CITY : CRYSTAL LAKE
STATE/ZIP : IL 60014
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,073.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.89000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,838,790.00
P & I AMT: 12,489.28
UPB AMT: 1,835,432.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007726110 MORTGAGORS: STRICKLAND KIRK
STRICKLAND VIRGINIA
REGION CODE ADDRESS : 20330 NORMAN COLONY ROAD
02 CITY : CORNELIUS
STATE/ZIP : NC 28031
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,726.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,570.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007726128 MORTGAGORS: OBERT LAWRENCE
OBERT DOROTHY
REGION CODE ADDRESS : 3625 NEWPORT BAY DRIVE
02 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 365,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,091.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,525.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.70500
----------------------------------------------------------------
0 0007726136 MORTGAGORS: ZORNBERG JORGE
ZABOROWSKI DENISE
REGION CODE ADDRESS : 4151 SOUTH HAMPTON CIRCLE
02 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,538.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007726144 MORTGAGORS: LOSEY DENNIS
LOSEY MARILYN
REGION CODE ADDRESS : 3080 N LAKERIDGE TRL
02 CITY : BOULDER
STATE/ZIP : CO 80302
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 : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
0 0007726151 MORTGAGORS: VALCICH ROY
VALCICH PAULINE
REGION CODE ADDRESS : 1112 BELLEVISTA COURT
02 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,460.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.13800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,531,750.00
P & I AMT: 10,436.25
UPB AMT: 1,529,346.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007726169 MORTGAGORS: EBY PETER
EBY VIRGINIA
REGION CODE ADDRESS : 31050 SUMMIT LANE
02 CITY : PEPPER PIKE
STATE/ZIP : OH 44124
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,991.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007726177 MORTGAGORS: HENDERSON JON
HENDERSON JULIE
REGION CODE ADDRESS : 329 RUSTIN WAY
02 CITY : TOWN OF MCCANDLESS WEXF
STATE/ZIP : PA 15090
MORTGAGE AMOUNT : 333,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,077.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,275.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007726193 MORTGAGORS: O'REILLY JEFFREY
O'REILLY NANCY
REGION CODE ADDRESS : 1303 HIDDEN BROOK LANE
02 CITY : ACWORTH
STATE/ZIP : GA 30101
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,350.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007726201 MORTGAGORS: BIGGS WILLIAM
BIGGS JULIANN
REGION CODE ADDRESS : 640 GAITHER RD
02 CITY : SYKESVILLE
STATE/ZIP : MD 21784
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,613.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.01100
----------------------------------------------------------------
0 0007726219 MORTGAGORS: STRAUB RUSSELL
STRAUB CHERYL
REGION CODE ADDRESS : 704 HORSENECK ROAD
02 CITY : DARTMOUTH
STATE/ZIP : MA 02748
MORTGAGE AMOUNT : 341,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,729.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,430,050.00
P & I AMT: 9,656.71
UPB AMT: 1,427,763.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007726227 MORTGAGORS: DOWHAN CHRISTOPHER
REGION CODE ADDRESS : 33 MASON STREET
02 CITY : SOMERVILLE
STATE/ZIP : MA 02144
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,914.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0007726235 MORTGAGORS: ULLMAN MARC
ULLMAN SUZANNE
REGION CODE ADDRESS : 29899 NORTH HILLTOP ROAD
02 CITY : ORANGE
STATE/ZIP : OH 44022
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 : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.13900
----------------------------------------------------------------
0 0007726243 MORTGAGORS: ASCHBACHER CATHERINE
BURRELL THOMAS
REGION CODE ADDRESS : 165 DEER GROVE LANE
02 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,360.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007726250 MORTGAGORS: HOLOFCENER MARK
HOLOFCENER NANCY
REGION CODE ADDRESS : 162 RIVERBEND DRIVE
02 CITY : GROTON
STATE/ZIP : MA 01450
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,078.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.26400
----------------------------------------------------------------
0 0007726276 MORTGAGORS: MANHEIM LARRY
MANHEIM DEBRA
REGION CODE ADDRESS : 2807 HARRISON STREET
02 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,435.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.15300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,900.00
P & I AMT: 10,701.99
UPB AMT: 1,569,386.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007726292 MORTGAGORS: HARTLEY KEITH
HARTLEY CORA
REGION CODE ADDRESS : 4301 GLEN LAUREL DRIVE
02 CITY : RALEIGH
STATE/ZIP : NC 27612
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,338.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.14200
----------------------------------------------------------------
0 0007726300 MORTGAGORS: LLOYD DAVID
LLOYD JOAN
REGION CODE ADDRESS : W2927 ORCHARD AVE
02 CITY : GREEN LAKE
STATE/ZIP : WI 54941
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,151.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,928.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007726318 MORTGAGORS: WHITLEY BRUCE
WHITLEY ROSE
REGION CODE ADDRESS : 1870 SHERLYN COURT
02 CITY : BERTHOUD
STATE/ZIP : CO 80513
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,593.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0007726326 MORTGAGORS: BARTH RICHARD
DICKINSON NANCY
REGION CODE ADDRESS : 808 PINEHURST DRIVE
02 CITY : CHAPEL HILL
STATE/ZIP : NC 27514
MORTGAGE AMOUNT : 347,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,142.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0007726334 MORTGAGORS: BOJARSKI MARK
REGION CODE ADDRESS : 4417 GUNDERSON R080
02 CITY : WATERFORD
STATE/ZIP : WI 53185
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,938.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,100.00
P & I AMT: 10,751.97
UPB AMT: 1,579,163.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007726359 MORTGAGORS: UHLER SCOTT
UHLER LILLIAN
REGION CODE ADDRESS : 3331 ELMDALE ROAD
02 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 356,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,141.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007726367 MORTGAGORS: STEWART STEPHEN
STEWART PHYLLIS
REGION CODE ADDRESS : 7404 PARK CIR
02 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,048.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.97200
----------------------------------------------------------------
0 0007726375 MORTGAGORS: LAUX J. PATRICK
REGION CODE ADDRESS : 434 WARREN AVE.
02 CITY : CINCINNATI
STATE/ZIP : OH 45220
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,549.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007726383 MORTGAGORS: HANSEN THOMAS
HANSEN CHERYL
REGION CODE ADDRESS : 4328 VAUX LINK
02 CITY : NEW ALBANY
STATE/ZIP : OH 43054
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,092.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,956.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
0 0007730732 MORTGAGORS: FAULKNER CONNIE
REGION CODE ADDRESS : 160 HUNTINGTON PLACE
02 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,539.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,793,300.00
P & I AMT: 12,186.24
UPB AMT: 1,790,370.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007730757 MORTGAGORS: HILL JOHN
HILL NANCY
REGION CODE ADDRESS : 1348 RED HAWK CIRCLE
02 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 375,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,487.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007730765 MORTGAGORS: CHAMBERS DAVID
CHAMBERS PATRICIA
REGION CODE ADDRESS : 1564 UPLAND PLACE
02 CITY : MEDFORD
STATE/ZIP : OR 97504
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,494.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007730773 MORTGAGORS: DAMM PAUL
DAMM CHRISTIANA
REGION CODE ADDRESS : 47779 MACGILL COURT
02 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 259,960.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,532.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007730781 MORTGAGORS: CARRERA MARIO
CARRERA FARINOOSH
REGION CODE ADDRESS : 19704 CRYSTAL VIEW COURT
02 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,129.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0007730799 MORTGAGORS: BYCER ROBERT
GOTTESMAN-BYCER MARGO
REGION CODE ADDRESS : 3245 HISTORY DRIVE
02 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,827.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,516,010.00
P & I AMT: 10,222.69
UPB AMT: 1,511,471.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007730807 MORTGAGORS: VAN DER TUIN JOHN
VAN DER TUIN CLAIRE
REGION CODE ADDRESS : 16 ELSWAY ROAD
02 CITY : SHORT HILLS
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,424.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.13800
----------------------------------------------------------------
0 0007730815 MORTGAGORS: LOVE JIMMY
LOVE KATHRYN
REGION CODE ADDRESS : 1597 WOODFIELD DRIVE
02 CITY : BETHLEMHEM
STATE/ZIP : PA 18015
MORTGAGE AMOUNT : 237,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,429.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,522.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 84.98900
----------------------------------------------------------------
0 0007730831 MORTGAGORS: LACHMAN ABRAHAM
LACHMAN NYNA
REGION CODE ADDRESS : 405 NORMANDY ROAD
02 CITY : LOUISBURG
STATE/ZIP : NC 27549
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 : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007730849 MORTGAGORS: ANDREWS ROBERT
ANDREWS KERRY
REGION CODE ADDRESS : 15408 CEDARHURST COURT
02 CITY : CENTREVILLE
STATE/ZIP : VA 21020
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,019.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007730856 MORTGAGORS: CLEM DENNIS
CLEM ELAINE
REGION CODE ADDRESS : 6701 HANSON LANE
02 CITY : MOUNT AIR
STATE/ZIP : VA 22079
MORTGAGE AMOUNT : 289,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,824.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,650.00
P & I AMT: 9,768.81
UPB AMT: 1,467,227.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007730864 MORTGAGORS: CAYTON RONALD
CAYTON DEBRA
REGION CODE ADDRESS : 19954 ALEXANDRAS GROVE DRIVE
02 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,251.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007730898 MORTGAGORS: COLBERT J.
COLBERT BARBARA
REGION CODE ADDRESS : 11700 SADDLEWOOD COURT
02 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 354,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,171.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,420.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.83500
----------------------------------------------------------------
0 0007730906 MORTGAGORS: BRITT JAMES
BRITT MARTHA
REGION CODE ADDRESS : 27461 WEST POINT ROAD
02 CITY : EASTON
STATE/ZIP : MD 21601
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,455.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 32.37200
----------------------------------------------------------------
0 0007730914 MORTGAGORS: VRUWINK DENNIS
VRUWINK MARY
REGION CODE ADDRESS : 20443 FITZHUGH COURT
02 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,502.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.11400
----------------------------------------------------------------
0 0007730922 MORTGAGORS: PHAM PETER
REGION CODE ADDRESS : 8428 BLACK STALLION PLACE
02 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 322,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,019.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,623,400.00
P & I AMT: 10,897.13
UPB AMT: 1,620,401.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007730948 MORTGAGORS: WILLIAMS JULIE
WILLIAMS JOHN
REGION CODE ADDRESS : 3612 N ALBEMARLE STREET
02 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 405,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,916.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,664.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007730955 MORTGAGORS: BUNTING LUCINDA
REGION CODE ADDRESS : 136 KING'S HIGHWAY
02 CITY : LEWES
STATE/ZIP : DE 19958
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,735.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007730963 MORTGAGORS: SCHULTZ M.
SCHULTZ ERIC
REGION CODE ADDRESS : 5813 SONNY DRIVE
02 CITY : LOTHIAN
STATE/ZIP : MD 20711
MORTGAGE AMOUNT : 307,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,953.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.97500
----------------------------------------------------------------
0 0007730971 MORTGAGORS: HOWLAND FREDERICK
HOWLAND NANCY
REGION CODE ADDRESS : 11002 WHISTLING SWAN PLACE
02 CITY : CHESTERFIELD
STATE/ZIP : VA 23838
MORTGAGE AMOUNT : 242,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,440.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.91400
----------------------------------------------------------------
0 0007730989 MORTGAGORS: VERONEAU MARGARET
REGION CODE ADDRESS : 3132 SLEEPY HOLLOW ROAD
02 CITY : FALLS CHURCH
STATE/ZIP : VA 22042
MORTGAGE AMOUNT : 237,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,486.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,800.00
P & I AMT: 9,668.57
UPB AMT: 1,424,533.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731011 MORTGAGORS: CAMPBELL HOWARD
REGION CODE ADDRESS : 2146 SPRING HILL COURT
02 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,283.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731037 MORTGAGORS: COPPOCK RONALD
COPPOCK SHARON
REGION CODE ADDRESS : 105 AINTREE COURT
02 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,662.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,258.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731045 MORTGAGORS: KNUDSEN KARI
REGION CODE ADDRESS : 1117 ST. LOUIS PLACE
02 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,563.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731060 MORTGAGORS: PUPPA ROBERT
PUPPA TAMERA
REGION CODE ADDRESS : 1245 CHASEWOOD TRAIL
02 CITY : ALPHARETTA
STATE/ZIP : GA 30005
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,557.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.29700
----------------------------------------------------------------
0 0007731078 MORTGAGORS: TUTTLE JOSEPH
TUTTLE JENNIFER
REGION CODE ADDRESS : 1731 RIVER BLUFF VIEW
02 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,542.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,400.00
P & I AMT: 10,008.83
UPB AMT: 1,471,608.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731136 MORTGAGORS: HAYES TIMOTHY
REGION CODE ADDRESS : 636 FAIRWAY VIEW TERRACE
02 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,296.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,847.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731144 MORTGAGORS: BRILL JAMES
BRILL JANE
REGION CODE ADDRESS : 32172 BUFFALO CREEK ROAD
02 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 463,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,257.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,119.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.91900
----------------------------------------------------------------
0 0007731151 MORTGAGORS: MORRIS ROY
MORRIS KELLY
REGION CODE ADDRESS : 8912 NORTHEAST 191ST PLACE
02 CITY : BOTHELL
STATE/ZIP : WA 98011
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,880.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007731169 MORTGAGORS: FOURNIER DONALD
FOURNIER LORI
REGION CODE ADDRESS : 14923 280TH PLACE N.E.
02 CITY : DUVALL
STATE/ZIP : WA 98019
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,852.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.99100
----------------------------------------------------------------
0 0007731177 MORTGAGORS: HIRSCHMAN DOUGLAS
HIRSCHMAN DEBRA
REGION CODE ADDRESS : 2345 MANZANITA LANE
02 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,109.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,745,900.00
P & I AMT: 11,736.57
UPB AMT: 1,742,396.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731185 MORTGAGORS: SERRANO A.
REGION CODE ADDRESS : 5739 NORTH CANYON DRIVE
02 CITY : PHOENIX
STATE/ZIP : AZ 85016
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,957.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,379.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0007731193 MORTGAGORS: WAERNESS BJORN
WAERNESS KIMBERLY
REGION CODE ADDRESS : 9227 EAST RUSTY SPUR PLACE
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 316,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,816.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007731201 MORTGAGORS: LASKOSKI DANIEL
ZOUZOUNIS JANICE
REGION CODE ADDRESS : 3720 DEAUVILLE PLACE
02 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,511.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731227 MORTGAGORS: MARTIN KENNETH
MARTIN KIMBERLY
REGION CODE ADDRESS : 5052 DOUBLE POINT WAY
02 CITY : BYRON
STATE/ZIP : CA 94514
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 : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731235 MORTGAGORS: GREEN RICHARD
GREEN KRISTY
REGION CODE ADDRESS : 8390 LAS LAGUNAS LANE
02 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,827,950.00
P & I AMT: 12,475.23
UPB AMT: 1,824,911.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731276 MORTGAGORS: PINNEO GREGORY
PINNEO SHAUNA
REGION CODE ADDRESS : 13110 PUGET SOUND BOULEVARD
02 CITY : EDMONDS
STATE/ZIP : WA 98026
MORTGAGE AMOUNT : 585,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 583,443.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,745.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0007731284 MORTGAGORS: VALCIK JEFFREY
VALCIK JULIA
REGION CODE ADDRESS : 2459 NOB HILL AVENUE NORTH
02 CITY : SEATTLE
STATE/ZIP : WA 98109
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,620.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.62500
----------------------------------------------------------------
0 0007731300 MORTGAGORS: GERSCH MICHAEL
GERSCH KATHLEEN
REGION CODE ADDRESS : 11319 S.E. 86TH PLACE
02 CITY : NEWCASTLE
STATE/ZIP : WA 98056
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,260.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.73300
----------------------------------------------------------------
0 0007731318 MORTGAGORS: RANES PERRY
RANES PEGGI
REGION CODE ADDRESS : 12926 179TH AVENUE N.E.
02 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,592.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731326 MORTGAGORS: MERSELIS JAMES
MERSELIS CATHERINE
REGION CODE ADDRESS : 24611 S.E. 2ND PLACE
02 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 575,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,020.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,977.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,022,900.00
P & I AMT: 13,431.97
UPB AMT: 2,016,936.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731342 MORTGAGORS: CARLSON DUANE
JOHNSTON CARLSON ELIZABETH
REGION CODE ADDRESS : 211 WEST GARFIELD STREET
02 CITY : SEATTLE
STATE/ZIP : WA 98119
MORTGAGE AMOUNT : 277,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,343.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.32900
----------------------------------------------------------------
0 0007731383 MORTGAGORS: CHAMBERLAIN TED
CHAMBERLAIN SUSAN
REGION CODE ADDRESS : 4719 TEE VIEW COURT
02 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,475.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.01100
----------------------------------------------------------------
0 0007731417 MORTGAGORS: MC DERMOTT KELLY
MC DERMOTT BILL
REGION CODE ADDRESS : 8571 BRAND LANE
02 CITY : PENNGROVE
STATE/ZIP : CA 94951
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,050.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.11900
----------------------------------------------------------------
0 0007731433 MORTGAGORS: PADIAN BRIAN
PADIAN PAMELA
REGION CODE ADDRESS : 14 VERONA LANE
02 CITY : FOOTHILL RANCH (AREA)
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,593.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731458 MORTGAGORS: PARKER MICHAEL
PARKER LISA
REGION CODE ADDRESS : 1620 VIA TULIPAN
02 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,070.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.29500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,800.00
P & I AMT: 9,671.05
UPB AMT: 1,425,532.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731466 MORTGAGORS: WIESE THOMAS
WIESE KAREN
REGION CODE ADDRESS : 4410 CEDARBRUSH DRIVE
02 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,377.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731474 MORTGAGORS: JAMISON DOUGLAS
JAMISON MARY
REGION CODE ADDRESS : 1305 STONE LAKES DRIVE
02 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,860.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.37800
----------------------------------------------------------------
0 0007731482 MORTGAGORS: HESHER DARRELL
HESHER ROSEANN
REGION CODE ADDRESS : 5723 EAST YUCCA ROAD
02 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,244.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,680.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007731490 MORTGAGORS: CURTIS SCOTT
CURTIS VICTORIA
REGION CODE ADDRESS : 5729 EAST CACTUS WREN ROAD
02 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,498.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 31.25000
----------------------------------------------------------------
0 0007731508 MORTGAGORS: KWONG KENT
KWONG ALICE
REGION CODE ADDRESS : 217 MURICIA COURT
02 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,947.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.67600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,768,300.00
P & I AMT: 12,211.75
UPB AMT: 1,764,928.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731524 MORTGAGORS: OROZCO SILIVINO
OROZCO MARIA
REGION CODE ADDRESS : 1314 STAYNER ROAD
02 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,863.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007731532 MORTGAGORS: SCHOENFELD SHARI
REGION CODE ADDRESS : 1917 PALM AVENUE
02 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,401.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731540 MORTGAGORS: YINGLING FREDERICK
YINGLING NATHALIE
REGION CODE ADDRESS : 3985 ALMA COURT
02 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,416.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,570.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731565 MORTGAGORS: DANFORD SCOTT
DANFORD ANITA
REGION CODE ADDRESS : 1992 DEODARA DRIVE
02 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,974.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 52.14700
----------------------------------------------------------------
0 0007731573 MORTGAGORS: FONG FRED
FONG OLIVIA
REGION CODE ADDRESS : 3631 RUE MIRASSOU
02 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,233.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.87000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,517,400.00
P & I AMT: 10,453.69
UPB AMT: 1,513,888.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731581 MORTGAGORS: ANDREWS MARK
ANDREWS JODI
REGION CODE ADDRESS : 245 SOUTHWOOD DRIVE
02 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 483,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,443.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,422.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.96120
----------------------------------------------------------------
0 0007731599 MORTGAGORS: PATEL PRANAV
PATEL SMITA
REGION CODE ADDRESS : 3242 ESPERANZA COURT
02 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 275,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,518.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0007731607 MORTGAGORS: OATES JEFF
SPADAFORA-OATES SANDRA
REGION CODE ADDRESS : 114 STRATHMORE PLACE
02 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,372.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.78400
----------------------------------------------------------------
0 0007731615 MORTGAGORS: EDENS JIM
SCORPINITI-EDENS LAURA
REGION CODE ADDRESS : 1885 GRANITE CREEK ROAD
02 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,188.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,531.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.69200
----------------------------------------------------------------
0 0007731631 MORTGAGORS: POWELL ALBERT
POWELL JADE
REGION CODE ADDRESS : 809 WILDFLOWER COURT
02 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,626.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.82353
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,650.00
P & I AMT: 11,360.45
UPB AMT: 1,628,149.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731656 MORTGAGORS: ROUSH ALAN
ROUSH HOLLY
REGION CODE ADDRESS : 1104 MANNING DRIVE
02 CITY : EL DORADO HILLS
STATE/ZIP : CA 94762
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,206.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731672 MORTGAGORS: NEIL JOSEPH
NEIL KAREN
REGION CODE ADDRESS : 14492 ROLLINS PARK DRIVE
02 CITY : GRASS VALLEY
STATE/ZIP : CA 95945
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,300.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.79600
----------------------------------------------------------------
0 0007731680 MORTGAGORS: MEYER ROBERT
MEYER GAYLE
REGION CODE ADDRESS : 11733 SEA STAR DRIVE
02 CITY : INDIANAPOLIS
STATE/ZIP : IN 46256
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,374.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 46.78300
----------------------------------------------------------------
0 0007731706 MORTGAGORS: HARVILL DAVID
DOMINICK JACQUELINE
REGION CODE ADDRESS : 1303 OCEAN AVENUE
02 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,342.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731722 MORTGAGORS: BURT RON
BURT KRISTEN
REGION CODE ADDRESS : 211 SOUTH YORKSHIRE CIRCLE
02 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,975.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,728,600.00
P & I AMT: 11,734.57
UPB AMT: 1,725,198.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731748 MORTGAGORS: STAG RICHARD
STAG PAULETTE
REGION CODE ADDRESS : 2631 EAST MIRAVAL PLACE
02 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 279,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,104.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.80800
----------------------------------------------------------------
0 0007731755 MORTGAGORS: BURCH KARL
BURCH MARILYN
REGION CODE ADDRESS : 418 SOUTH NEYLAND AVENUE
02 CITY : LIBERTY LAKE
STATE/ZIP : WA 99019
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,565.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.66600
----------------------------------------------------------------
0 0007731771 MORTGAGORS: HAMANN WILLIAM
HAMANN DEBORAH
REGION CODE ADDRESS : 1817 NORTH KENMORE STREET
02 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,599.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731797 MORTGAGORS: NEUMANN THOMAS
NEUMANN AGNES
REGION CODE ADDRESS : 9224 ORCHARD BROOK DRIVE
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 317,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,788.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.66600
----------------------------------------------------------------
0 0007731805 MORTGAGORS: WALDEN RANDY
REGION CODE ADDRESS : 15241 CHARLOTTE AVENUE
02 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,988.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,000.00
P & I AMT: 9,519.17
UPB AMT: 1,380,046.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731839 MORTGAGORS: FOWLER JAMES
GARDNER-FOWLER TINA
REGION CODE ADDRESS : 373 FRANCONIA STREET
02 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,344.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
0 0007731847 MORTGAGORS: HENNESSEE ED
HENNESSEE GILBERT
REGION CODE ADDRESS : 7554 PRINCEVALLE STREET
02 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 279,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,841.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.30100
----------------------------------------------------------------
0 0007731888 MORTGAGORS: SELIG STEPHEN
REGION CODE ADDRESS : 3678 GATEHURST COURT
02 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 376,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,189.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0007731896 MORTGAGORS: JENNINGS KELLY
JENNINGS KEVIN
REGION CODE ADDRESS : 6171 DAFFODIL LANE
02 CITY : NORCROSS
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,358.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731920 MORTGAGORS: DUNN GARY
DUNN ALLISON
REGION CODE ADDRESS : 510 OXFORD LAKES RUN
02 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,616.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.96400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,601,300.00
P & I AMT: 10,934.88
UPB AMT: 1,597,350.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731938 MORTGAGORS: ISLEY ANGELA
HOLLIS TRACY
REGION CODE ADDRESS : 1220 FAIRVIEW ROAD
02 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,765.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731995 MORTGAGORS: IIDA SHIZUKO
REGION CODE ADDRESS : 2414 & 2416 1ST AVE NORTH
02 CITY : SEATTLE
STATE/ZIP : WA 98109
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,521.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007732001 MORTGAGORS: WOOLDRIDGE BRIAN
WOOLDRIDGE SANDRA
REGION CODE ADDRESS : 3970 SAN ANTONIO ROAD
02 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,437.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,275.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.34700
----------------------------------------------------------------
0 0007732027 MORTGAGORS: NATHAN SCOTT
NATHAN MARY
REGION CODE ADDRESS : 5475 VIA CERVANTES
02 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,620.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732035 MORTGAGORS: HULLINGER RUSSELL
HULLINGER DAENA
REGION CODE ADDRESS : 18911 EL MORO WAY
02 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,406.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,312.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,000.00
P & I AMT: 10,642.69
UPB AMT: 1,565,752.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732076 MORTGAGORS: SCHNEIDER JAMES
SCHNEIDER KATHLEEN
REGION CODE ADDRESS : 1075 RICHMAN KNOLL
02 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,584.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,503.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732084 MORTGAGORS: YOCUM JAMES
SPENCER SHEILA
REGION CODE ADDRESS : 853 26TH STREET
02 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,297.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732092 MORTGAGORS: MAZE STEVEN
MAZE TRACY
REGION CODE ADDRESS : 24851 PYLOS WAY
02 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
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 : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732100 MORTGAGORS: PEDIGO KERRY
REGION CODE ADDRESS : 6051 NORTHWOOD ROAD
02 CITY : DALLAS
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,899.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.71084
----------------------------------------------------------------
0 0007732118 MORTGAGORS: MCGRAW GENE
REGION CODE ADDRESS : 9518 WINDRUSH DRIVE
02 CITY : SPRING
STATE/ZIP : TX 77379
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,563.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 52.30769
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,821,600.00
P & I AMT: 12,515.32
UPB AMT: 1,818,969.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732159 MORTGAGORS: BEAHM DAVID
BEAHM REGINA
REGION CODE ADDRESS : 211 DERBY GLEN LANE
02 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 330,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,932.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.43300
----------------------------------------------------------------
0 0007732167 MORTGAGORS: JOHNSTON WILLIAM
JOHNSTON JANIS
REGION CODE ADDRESS : 3320 ELDERBERRY DRIVE SOUTH
02 CITY : SALEM
STATE/ZIP : OR 97302
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,810.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732175 MORTGAGORS: WAITE JAMES
WAITE LESLIE
REGION CODE ADDRESS : 27709 NE 16TH AVENUE
02 CITY : RIDGEFIELD
STATE/ZIP : WA 98642
MORTGAGE AMOUNT : 254,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,331.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.20000
----------------------------------------------------------------
0 0007732183 MORTGAGORS: GOEBEL DOUGLAS
GOEBEL KERRI
REGION CODE ADDRESS : 1426 SE 26TH DRIVE
02 CITY : GRESHAM
STATE/ZIP : OR 97080
MORTGAGE AMOUNT : 381,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,217.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,637.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0007732191 MORTGAGORS: LARSEN ROBERT
LARSEN CYNTHIA
REGION CODE ADDRESS : 4384 EAST MERCER WAY
02 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,203.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 44.41300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,400.00
P & I AMT: 10,436.57
UPB AMT: 1,536,495.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732209 MORTGAGORS: WEILER DAVID
BELLAS LESLIE
REGION CODE ADDRESS : 9141 VENDOME DRIVE
02 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,822.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732233 MORTGAGORS: PELAEZ FERNANDO
PELAEZ ROBERTA
REGION CODE ADDRESS : 20612-121ST AVENUE SOUTHEAST
02 CITY : SNOHOMISH
STATE/ZIP : WA 98290
MORTGAGE AMOUNT : 437,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,517.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,911.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732241 MORTGAGORS: BERGS MERRILL
BERGS LINDA
REGION CODE ADDRESS : 926 WINDEMAR DRIVE
02 CITY : ASHLAND
STATE/ZIP : OR 97520
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,318.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 48.29500
----------------------------------------------------------------
0 0007732258 MORTGAGORS: FOSTER JEFFREY
FOSTER ANGELA
REGION CODE ADDRESS : 21026 - 30TH STREET COURT EAST
02 CITY : SUMNER
STATE/ZIP : WA 98390
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,383.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.78260
----------------------------------------------------------------
0 0007732274 MORTGAGORS: CLAYTON C
CLAYTON SUSAN
REGION CODE ADDRESS : 14309 NE 31ST AVENUE
02 CITY : VANCOUVER
STATE/ZIP : WA 98686
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,570.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,901,600.00
P & I AMT: 12,909.36
UPB AMT: 1,897,612.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732282 MORTGAGORS: STONES RICHARD
STONES MARLIES
REGION CODE ADDRESS : 20560 MARTIN COURT
02 CITY : WEST LINN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,119.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,600.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.62200
----------------------------------------------------------------
0 0007732290 MORTGAGORS: GRIFFITH LINDA
LAUFFENBURGER DOUGLAS
REGION CODE ADDRESS : 110 ANTRIM STREET
02 CITY : CAMBRIDGE
STATE/ZIP : MA 02139
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,386.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732308 MORTGAGORS: MERUVIA GUS
MERUVIA STACI
REGION CODE ADDRESS : 10252 DEERCREST MEADOW PLACE
02 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 566,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 565,022.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,671.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0007732316 MORTGAGORS: SAVELLE DAVID
REGION CODE ADDRESS : 21115 NE ORNDUFF ROAD
02 CITY : HILLSBORO
STATE/ZIP : OR 97123
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,436.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.34800
----------------------------------------------------------------
0 0007732324 MORTGAGORS: WILLIAMS MONTE
WILLIAMS JEANNIE
REGION CODE ADDRESS : 3367 CREEK VIEW DRIVE
02 CITY : MEDFORD
STATE/ZIP : OR 97504
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,668.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,770,500.00
P & I AMT: 11,889.37
UPB AMT: 1,767,632.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732332 MORTGAGORS: STICKNEY JANE
MUGGLI DANIEL
REGION CODE ADDRESS : 3425 RIVERKNOLL WAY
02 CITY : WEST LINN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,971.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,302.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007732340 MORTGAGORS: KUEHL KERRY
KUEHL SHANON
REGION CODE ADDRESS : 9009 NE 151ST CIRCLE
02 CITY : BATTLE GROUND
STATE/ZIP : WA 98604
MORTGAGE AMOUNT : 417,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,331.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,809.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.50000
----------------------------------------------------------------
0 0007732365 MORTGAGORS: FEIX THOMAS
FEIX JENNIFER
REGION CODE ADDRESS : 470 CALIFORNIA AVENUE
02 CITY : MOSS BEACH
STATE/ZIP : CA 94038
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 : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0007732381 MORTGAGORS: PALACIOS AQUILES
PALACIOS LINDA
REGION CODE ADDRESS : 4640 KINGSWOOD DRIVE
02 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,904.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,270.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007732399 MORTGAGORS: SCRUGGS ERIC
SCRUGGS KAREN
REGION CODE ADDRESS : 514 EAST HORSESHOE AVENUE
02 CITY : GILBERT
STATE/ZIP : AZ 85296
MORTGAGE AMOUNT : 304,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,280.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.06300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,973,900.00
P & I AMT: 13,363.13
UPB AMT: 1,962,093.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732407 MORTGAGORS: WHITE MICHAEL
WHITE JEAN
REGION CODE ADDRESS : 3531 SPRING BOULEVARD
02 CITY : EUGENE
STATE/ZIP : OR 97405
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,438.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.70700
----------------------------------------------------------------
0 0007732415 MORTGAGORS: HEFLIN DENA
REGION CODE ADDRESS : 8 GUNFLINT COURT
02 CITY : OSWEGO
STATE/ZIP : IL 60543
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,254.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.96800
----------------------------------------------------------------
0 0007732431 MORTGAGORS: NARDIN MARK
NARDIN JENNIFER
REGION CODE ADDRESS : 5993 NW ALFALFA DRIVE
02 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,518.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 93.16700
----------------------------------------------------------------
0 0007732464 MORTGAGORS: ROGOWAY DAVID
ROGOWAY LORI
REGION CODE ADDRESS : 2254 SUMMIT DRIVE
02 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,574.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.06000
----------------------------------------------------------------
0 0007732472 MORTGAGORS: BRAY HARRY
BRAY CLAUDIA
REGION CODE ADDRESS : 2304 NE 27TH AVENUE
02 CITY : PORTLAND
STATE/ZIP : OR 97212
MORTGAGE AMOUNT : 357,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,137.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,250.00
P & I AMT: 10,284.85
UPB AMT: 1,507,923.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732480 MORTGAGORS: RONCA CHRIS
RONCA DONNA
REGION CODE ADDRESS : 21520 SW 110TH PLACE
02 CITY : TUALATIN
STATE/ZIP : OR 97062
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,598.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.67400
----------------------------------------------------------------
0 0007732498 MORTGAGORS: STRUEBING GREGORY
REGION CODE ADDRESS : 2136 TYSONS EXECUTIVE COURT
02 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 315,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,329.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.19000
----------------------------------------------------------------
0 0007732506 MORTGAGORS: TEPLITSKY PERRY
REGION CODE ADDRESS : 8669 EAST TURQUOISE AVENUE
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
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 : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732548 MORTGAGORS: GRUMM CHRISTINE
LOOMIS GLENN
REGION CODE ADDRESS : 371 COLERIDGE STREET
02 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,621.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,589.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 54.88300
----------------------------------------------------------------
0 0007732571 MORTGAGORS: HWANG YIN
LAI JUI
REGION CODE ADDRESS : 42442 PASEO PADRE PARKWAY
02 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,775.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.48700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,800.00
P & I AMT: 9,494.53
UPB AMT: 1,369,938.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732589 MORTGAGORS: MCKENZIE ALFRED
REGION CODE ADDRESS : 610 HAWKESBURY LANE,
02 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,902.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.95300
----------------------------------------------------------------
0 0007732597 MORTGAGORS: BANUELOS ROBERT
ALEXANDER KATHRYN
REGION CODE ADDRESS : 22 BECK STREET
02 CITY : NEWBURYPORT
STATE/ZIP : MA 01950
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,570.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007732605 MORTGAGORS: KLINGNER ROBERT
KLINGNER SHAHRZAD
REGION CODE ADDRESS : 102 CLAREMONT CREST CT.
02 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 271,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,598.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0007732613 MORTGAGORS: KAUFFOLD RICHARD
KAUFFOLD MARY
REGION CODE ADDRESS : 108 HAWTHORN DRIVE,
02 CITY : HENDERSONVILLE
STATE/ZIP : NC 28791
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,034.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732621 MORTGAGORS: GILMER FRANKLIN
GILMER ALICE
REGION CODE ADDRESS : 1031 NORFOLK DRIVE
02 CITY : LA PLATA
STATE/ZIP : MD 20646
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,742.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.62300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,250,150.00
P & I AMT: 8,152.04
UPB AMT: 1,240,848.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732639 MORTGAGORS: FRASER POWELL
FRASER SHEILA
REGION CODE ADDRESS : 722 MONTANA RD N.W.
02 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,962.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 58.00000
----------------------------------------------------------------
0 0007732647 MORTGAGORS: RICE JOSEPH
RICE JANIS
REGION CODE ADDRESS : 15 ENGLISH TURN DRIVE
02 CITY : NEW ORLEANS
STATE/ZIP : LA 70131
MORTGAGE AMOUNT : 372,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,883.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,416.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.50000
----------------------------------------------------------------
0 0007732654 MORTGAGORS: STAFFORD W.
STAFFORD E.
REGION CODE ADDRESS : 605 VIA DEL MONTE
02 CITY : PLS VRDS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,857.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,591.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 37.27200
----------------------------------------------------------------
0 0007732662 MORTGAGORS: SESSIONS MICHAEL
SESSIONS EUGENIA
REGION CODE ADDRESS : 1411 WILDMEADOW PLACE
02 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,233.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.78900
----------------------------------------------------------------
0 0007732670 MORTGAGORS: LANTSBERGER BERNARD
LANTSBERGER THERESA
REGION CODE ADDRESS : 741 TWINVIEW PLACE
02 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,798.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,500.00
P & I AMT: 10,349.24
UPB AMT: 1,599,736.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732688 MORTGAGORS: SPEER ROBERT
SPEER DEBORAH
REGION CODE ADDRESS : 61-315 KAMEHAMEHA HIGHWAY
02 CITY : HALEIWA
STATE/ZIP : HI 96712
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 595,577.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,792.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007732704 MORTGAGORS: ALEJANDRO FRANK
ALEJANDRO ROSALINDA
REGION CODE ADDRESS : 9212 BEXLEYWOOD COURT
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,431.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007732712 MORTGAGORS: BATEMAN ROBERT
BATEMAN CAROL
REGION CODE ADDRESS : 133 TANNERS POINT DRIVE
02 CITY : STEVENSVILLE
STATE/ZIP : MD 21666
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,660.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,559.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 79.10156
----------------------------------------------------------------
0 0007732720 MORTGAGORS: PITTS GEORGE
PITTS DIANE
REGION CODE ADDRESS : 5213 BELVOIR DR
02 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 247,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,833.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 64.08000
----------------------------------------------------------------
0 0007732738 MORTGAGORS: SEGELHORST JOHN
SEGELHORST DIANE
REGION CODE ADDRESS : 1715 JUSTIN DRIVE
02 CITY : GAMBRILLS
STATE/ZIP : MD 21054
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,303.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.34500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,904,850.00
P & I AMT: 12,241.33
UPB AMT: 1,875,806.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732746 MORTGAGORS: FLYNTZ FRANK
FLYNTZ EVELYN
REGION CODE ADDRESS : 65 COLLEGE AVENUE
02 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,548.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0007732761 MORTGAGORS: TA DUNG
TA DIEP
REGION CODE ADDRESS : 20649 MINT SPRINGS COURT
02 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,062.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,520.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.60062
----------------------------------------------------------------
0 0007732779 MORTGAGORS: DEMPSEY JOHN
BROWN-DEMPSEY PATRICIA
REGION CODE ADDRESS : 78546 GORHAM LANE
02 CITY : PALM DESERT
STATE/ZIP : CA 92211
MORTGAGE AMOUNT : 235,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,962.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,489.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 76.03200
----------------------------------------------------------------
0 0007732787 MORTGAGORS: SMITH GUY
SMITH SUSAN
REGION CODE ADDRESS : 516 MIDDLE STREET
02 CITY : NEW BERN
STATE/ZIP : NC 28560
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,655.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007732795 MORTGAGORS: CRISALLI DONNA
REGION CODE ADDRESS : 5601 WESTERN AVENUE, N.W.
02 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,431.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,451,450.00
P & I AMT: 9,375.14
UPB AMT: 1,439,660.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732803 MORTGAGORS: RAWSON GREGORY
RAWSON LISA
REGION CODE ADDRESS : 297 PLANTATION HILL RD
02 CITY : GULF BREEZE
STATE/ZIP : FL 32561
MORTGAGE AMOUNT : 256,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,499.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.99700
----------------------------------------------------------------
0 0007732811 MORTGAGORS: RING HENRY
RING CAROL
REGION CODE ADDRESS : 5410 GRIFFITH ROAD
02 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,838.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,918.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.86600
----------------------------------------------------------------
0 0007732829 MORTGAGORS: GAY CHARLES
GAY LAURA
REGION CODE ADDRESS : 1405 INDIAN RIVER DRIVE
02 CITY : COCOA
STATE/ZIP : FL 32922
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,730.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,493.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007732837 MORTGAGORS: DEVINE MICHAEL
DEVINE ELIZABETH
REGION CODE ADDRESS : 1532 CANYON MEADOWS LANE
02 CITY : GLENDORA
STATE/ZIP : CA 91740
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,995.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007732845 MORTGAGORS: CRONIN ROBERT
CRONIN MARIA
REGION CODE ADDRESS : 7353 CELATA LANE
02 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,467.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,621.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,800.00
P & I AMT: 9,811.89
UPB AMT: 1,505,531.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732852 MORTGAGORS: MELTZER ALLAN
MELTZER MIRIAM
REGION CODE ADDRESS : 13 HOLLYBERRY COURT
02 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,057.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732860 MORTGAGORS: PETERSON HARLEY
PETERSON ESSIE
REGION CODE ADDRESS : 1937 FOXWOOD DRIVE
02 CITY : CHESAPEAKE
STATE/ZIP : VA 23323
MORTGAGE AMOUNT : 306,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,869.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.91500
----------------------------------------------------------------
0 0007732878 MORTGAGORS: NYMEYER RAYMOND
GARBETT CHERYL
REGION CODE ADDRESS : 8045 KIDWELL TOWN COURT
02 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,248.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.82000
----------------------------------------------------------------
0 0007732886 MORTGAGORS: WILLIAMS ROBERT
WILLIAMS KIM
REGION CODE ADDRESS : 13900 EAMES AVENUE
02 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,407.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.93700
----------------------------------------------------------------
0 0007732894 MORTGAGORS: DICK DAVID
SCHMEDTJE INGRID
REGION CODE ADDRESS : 1504 CORNWELL LANE
02 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,243.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,621.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 38.46100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,391,750.00
P & I AMT: 9,166.37
UPB AMT: 1,382,826.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732902 MORTGAGORS: PURYEAR ERIC
PURYEAR SANDRA
REGION CODE ADDRESS : 7809 BLACKACRE ROAD
02 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,185.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732910 MORTGAGORS: MILHOAN KENNETH
CERWONKA CAROLYN
REGION CODE ADDRESS : 14822 DERRINGER RD
02 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,259.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732928 MORTGAGORS: TUMA PAMELA
REGION CODE ADDRESS : 801 HICKORY VALE LN,
02 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,045.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007732936 MORTGAGORS: DAVIDSON JAMES
DAVIDSON JOANNE
REGION CODE ADDRESS : 4709 RANDOLPH COURT
02 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,958.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.97000
----------------------------------------------------------------
0 0007732944 MORTGAGORS: REISTER RICHARD
REISTER ANDREA
REGION CODE ADDRESS : 19325 ERIN TREE COURT
02 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,023.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.49300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,445,500.00
P & I AMT: 9,350.65
UPB AMT: 1,436,472.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732951 MORTGAGORS: ETHERTON CHARLES
ETHERTON YONG
REGION CODE ADDRESS : 1808 LEXINGTON DRIVE
02 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 314,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,564.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732969 MORTGAGORS: READ-CONNOLE ELIZABETH
REGION CODE ADDRESS : 3405 GLENMOOR DRIVE
02 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 272,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,761.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 68.23750
----------------------------------------------------------------
0 0007732977 MORTGAGORS: BIRKLER JOHN
BIRKLER JANET
REGION CODE ADDRESS : 4014 MARINER CIRCLE
02 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,799.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 66.48100
----------------------------------------------------------------
0 0007732985 MORTGAGORS: DEAVER WILLIAM
DEAVER SHARON
REGION CODE ADDRESS : 11921 PARKLAND COURT
02 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,461.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.06060
----------------------------------------------------------------
0 0007732993 MORTGAGORS: MALONEY RICHARD
REGION CODE ADDRESS : 2005 KENWOOD ROAD
02 CITY : ANNAPOLIS
STATE/ZIP : MD 21402
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,769.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,350.00
P & I AMT: 9,453.00
UPB AMT: 1,439,355.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733009 MORTGAGORS: BRADLEY DAVID
BRADLEY DIANE
REGION CODE ADDRESS : 7920 SLEAFORD PL
02 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,590.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,491.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 60.52600
----------------------------------------------------------------
0 0007733017 MORTGAGORS: LUCAS ROBERT
LUCAS EDITH
REGION CODE ADDRESS : 7300 OLIVE TREE COURT
02 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,524.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007733025 MORTGAGORS: WOODHOUSE CHARLES
MONAHAN ANN
REGION CODE ADDRESS : 3506 TILTON VALLEY DR
02 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,623.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.82320
----------------------------------------------------------------
0 0007733041 MORTGAGORS: KORINIS PETER
KORINIS MARY
REGION CODE ADDRESS : 2551 PENNINGTON PLACE
02 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,648.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733058 MORTGAGORS: MOSER DANIEL
MOSER EILEEN
REGION CODE ADDRESS : 4658 RIDGETOP ROAD
02 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,707.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,485.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 58.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,900.00
P & I AMT: 8,839.58
UPB AMT: 1,343,093.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733066 MORTGAGORS: TAYLOR ROBERT
TAYLOR LAURA
REGION CODE ADDRESS : 644 SANTA MARIA LANE
02 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,380.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,243.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
0 0007733074 MORTGAGORS: FINN WILLIAM
FINN JANET
REGION CODE ADDRESS : 8463 CLOVER LEAF DRIVE
02 CITY : MCLEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,952.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.88617
----------------------------------------------------------------
0 0007733082 MORTGAGORS: REISTETTER EMERY
REISTETTER STACIE
REGION CODE ADDRESS : 3820 WINDOM PLACE N.W.
02 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,219.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007733090 MORTGAGORS: EASTWOOD GEORGE
EASTWOOD BARBARA
REGION CODE ADDRESS : 2451 SOUTHERN OAK ROAD
02 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,906.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 86.95652
----------------------------------------------------------------
0 0007733108 MORTGAGORS: HAMMON COLIN
HAMMON ELIZABETH
REGION CODE ADDRESS : 2590 GOLDEN PHEASANT PLACE
02 CITY : CATLETT
STATE/ZIP : VA 20119
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,856.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 55.70000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,666,300.00
P & I AMT: 10,758.03
UPB AMT: 1,655,315.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733116 MORTGAGORS: VALLEY BRUCE
VALLEY NANCY
REGION CODE ADDRESS : 9433 FOREST HAVEN DRIVE
02 CITY : ALEXANDRIA
STATE/ZIP : VA 22309
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,993.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.67532
----------------------------------------------------------------
0 0007733124 MORTGAGORS: BUTLER KENNETH
REGION CODE ADDRESS : 2011 MARTINS GRANT COURT
02 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,941.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.36508
----------------------------------------------------------------
0 0007733132 MORTGAGORS: MAGRINO THOMAS
MAGRINO KATHLEEN
REGION CODE ADDRESS : 2416 RIVIERA DRIVE
02 CITY : CHULA VISTA
STATE/ZIP : CA 91915
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,096.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.02388
----------------------------------------------------------------
0 0007733140 MORTGAGORS: REESE WILLIAM
REGION CODE ADDRESS : 4916 WAPLE LANE
02 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,597.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,511.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.96825
----------------------------------------------------------------
0 0007733157 MORTGAGORS: VOLLWEILER ALISON
VOLLWEILER FRED
REGION CODE ADDRESS : 7712 GLENNON DRIVE
02 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,338.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,350,500.00
P & I AMT: 8,736.96
UPB AMT: 1,342,967.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733173 MORTGAGORS: MAIER SCOTT
MAIER LAURA
REGION CODE ADDRESS : 1692 FOLTZ DRIVE
02 CITY : HOFFMAN ESTATES
STATE/ZIP : IL 60195
MORTGAGE AMOUNT : 267,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,899.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007733199 MORTGAGORS: ARMOUR ERIC
ARMOUR THERESA
REGION CODE ADDRESS : 8 HUNT CLUB LANE
02 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,610.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733207 MORTGAGORS: KLEIN JAMES
KLEIN MEREDITH
REGION CODE ADDRESS : 2511 EAST MEREDITH DRIVE
02 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,955.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733215 MORTGAGORS: WATTS RAYMOND
MOLLICHELLI LISA
REGION CODE ADDRESS : 415 AUSTRALIAN AVENUE
02 CITY : PALM BEACH
STATE/ZIP : FL 33480
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,236.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007733223 MORTGAGORS: BERNE ELLIS
BERNE GERDA
REGION CODE ADDRESS : 5 VAN DYCK COURT
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,942.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.08536
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,551,300.00
P & I AMT: 10,061.73
UPB AMT: 1,544,644.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733231 MORTGAGORS: ANDERSEN CURTIS
REGION CODE ADDRESS : 11532 S LEXINGTON HILLS CIR
02 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,472.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.09000
----------------------------------------------------------------
0 0007733249 MORTGAGORS: PENNACCHI L.
TREXEL JARED
REGION CODE ADDRESS : 19720 VINTAGE STREET
02 CITY : CHATSWORTH
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 339,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,969.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,203.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007733256 MORTGAGORS: GROOMS ROBERT
GROOMS PATRICIA
REGION CODE ADDRESS : 7994 OAK BRIDGE LANE
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,924.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.67742
----------------------------------------------------------------
0 0007733264 MORTGAGORS: RYAN NORBERT
RYAN JUDITH
REGION CODE ADDRESS : 8008 EDDY BEND TRAIL
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,840.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,217.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733272 MORTGAGORS: JUENGLING ROBERT
JUENGLING ANITA
REGION CODE ADDRESS : 44211 PALLADIAN COURT
02 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,975.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,750.00
P & I AMT: 10,611.81
UPB AMT: 1,622,183.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733280 MORTGAGORS: CHOI KWANG-WOO
CHOI RAQUEL
REGION CODE ADDRESS : 3780 ASHRIDGE LANE
02 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,997.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 53.72573
----------------------------------------------------------------
0 0007733298 MORTGAGORS: BUTLER BRUCE
BUTLER SANDRA
REGION CODE ADDRESS : 5837 RANCH VIEW ROAD
02 CITY : OCEANSIDE
STATE/ZIP : CA 92057
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,250.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,546.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.19800
----------------------------------------------------------------
0 0007733306 MORTGAGORS: RITONIA MICHAEL
RITONIA ANN
REGION CODE ADDRESS : 40956 FOREST GLEN DR.
02 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,446.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 69.38775
----------------------------------------------------------------
0 0007733314 MORTGAGORS: CHAPMAN MATTHEW
CHAPMAN MARCELA
REGION CODE ADDRESS : 5715 SUMMIT CREST DRIVE
02 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 373,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,050.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.72000
----------------------------------------------------------------
0 0007733322 MORTGAGORS: STAIRS SANDRA
REGION CODE ADDRESS : 34355 WINDSONG TERRACE
02 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 245,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,431.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.63313
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,600.00
P & I AMT: 9,512.03
UPB AMT: 1,466,176.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733330 MORTGAGORS: GODWIN JAMES
GODWIN KAREN
REGION CODE ADDRESS : 8709 MIDDLEFORD DRIVE
02 CITY : SPRINGFIELD
STATE/ZIP : VA 22153
MORTGAGE AMOUNT : 242,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,892.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,575.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.29663
----------------------------------------------------------------
0 0007733348 MORTGAGORS: CARLISLE JAMES
CARLISLE GISELA
REGION CODE ADDRESS : 26 ARUBA BEND
02 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 324,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,336.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 69.83800
----------------------------------------------------------------
0 0007733355 MORTGAGORS: CRANGLE CHANDLER
CRANGLE ROBINETTE
REGION CODE ADDRESS : 6815 SILVER ANN DRIVE
02 CITY : LORTON
STATE/ZIP : VA 22079
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,968.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,537.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.96153
----------------------------------------------------------------
0 0007733363 MORTGAGORS: ANDREWS JAMES
ANDREWS NONA
REGION CODE ADDRESS : 6132 FARVER ROAD
02 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,027.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0007733371 MORTGAGORS: EIGHMEY LOUIS
EIGHMEY KATHLEEN
REGION CODE ADDRESS : 9247 FALLS CHAPEL WAY
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,506.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.76700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,700.00
P & I AMT: 9,260.06
UPB AMT: 1,421,730.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733389 MORTGAGORS: ESSERS LOUIS
ESSERS CHERYL
REGION CODE ADDRESS : 8 BLUEBERRY RIDGE COURT
02 CITY : ROCKVILLE
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,439.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.78787
----------------------------------------------------------------
0 0007733397 MORTGAGORS: MOORE MELISSA
ALEWINE THOMAS
REGION CODE ADDRESS : 2830 MUSTANG DRIVE
02 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 403,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,656.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007733405 MORTGAGORS: PAULOVICH MICHAEL
PAULOVICH JANET
REGION CODE ADDRESS : 921 E AVENUE #B
02 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,657.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007733421 MORTGAGORS: WARD DOUGLAS
GASPA PAOLA
REGION CODE ADDRESS : 1738 DYMOAKE DRIVE
02 CITY : COLLIERVILLE
STATE/ZIP : TN 38017
MORTGAGE AMOUNT : 256,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,160.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007733439 MORTGAGORS: THOMAS WILLIAM
THOMAS LAURA
REGION CODE ADDRESS : 12521 NATHANIEL OAKS DRIVE
02 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,756.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 44.37869
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,050.00
P & I AMT: 9,595.98
UPB AMT: 1,475,670.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733447 MORTGAGORS: TOKAR JAMES
TOKAR LINDA
REGION CODE ADDRESS : 9721 HUNTMASTER ROAD
02 CITY : GAITHERSBURG
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 231,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,546.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,500.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.18400
----------------------------------------------------------------
0 0007733454 MORTGAGORS: KIMBERLIN THURMAN
KIMBERLIN LINDA
REGION CODE ADDRESS : 6700 FOX DEN ROAD
02 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,180.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,530.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733462 MORTGAGORS: EVANS ROBERT
EVANS CYNTHIA
REGION CODE ADDRESS : 221 MASSBURY STREET
02 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 333,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,646.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007733470 MORTGAGORS: RIORDAN EILEEN
REGION CODE ADDRESS : 2826 202ND AVE CT EAST
02 CITY : SUMNER
STATE/ZIP : WA 98390
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,083.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.30 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.57600
----------------------------------------------------------------
0 0007733488 MORTGAGORS: DOSTER BARBARA
DOSTER ANTHONY
REGION CODE ADDRESS : 50 HAAS ROAD
02 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,681.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,365,100.00
P & I AMT: 8,909.79
UPB AMT: 1,360,137.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733496 MORTGAGORS: BROWN KAREN
BROWN JEREMY
REGION CODE ADDRESS : 10807 LOCKMEADE COURT
02 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,959.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007733504 MORTGAGORS: BENSON JOEL
BENSON CYNTHIA
REGION CODE ADDRESS : 7724 CLIFTON ROAD
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,824.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 77.14285
----------------------------------------------------------------
0 0007733512 MORTGAGORS: LAWRENCE JOHN
LAWRENCE JOAN
REGION CODE ADDRESS : 19405 HERON COVE LANE
02 CITY : DRAYDEN
STATE/ZIP : MD 20630
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,999.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.90411
----------------------------------------------------------------
0 0007733520 MORTGAGORS: WALSH ANTHONY
WALSH EDITH
REGION CODE ADDRESS : 821 GREAT SPRING ROAD
02 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 277,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,187.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 52.29200
----------------------------------------------------------------
0 0007733538 MORTGAGORS: PROCTOR DONALD
PROCTOR V.
REGION CODE ADDRESS : 43529 GOLDEN MEADOW CIRCLE
02 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,219.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.64576
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,900.00
P & I AMT: 9,073.37
UPB AMT: 1,385,190.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733546 MORTGAGORS: WILLIAMS JUDY
REGION CODE ADDRESS : 11900 MAHER DR
02 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 256,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,421.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/23
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 88.51700
----------------------------------------------------------------
0 0007733553 MORTGAGORS: VAUGHN GREGORY
VAUGHN SUSAN
REGION CODE ADDRESS : 6313 BROCKETT'S CROSSING
02 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 291,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,587.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007733561 MORTGAGORS: CURRY DAVID
CURRY LISA
REGION CODE ADDRESS : 8 DANIEL SHAYS ROAD
02 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,378.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733579 MORTGAGORS: ROBBINS PAUL
ROBBINS JOAN
REGION CODE ADDRESS : 10265 PINETREE DRIVE
02 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,974.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007733587 MORTGAGORS: SALISBURY WILLIAM
SALISBURY MARIA
REGION CODE ADDRESS : 3359 BONITA WOODS DRIVE
02 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,166.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.61963
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,200.00
P & I AMT: 9,459.42
UPB AMT: 1,423,527.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733595 MORTGAGORS: SULLIVAN BARRY
SULLIVAN ELIZABETH
REGION CODE ADDRESS : 6633 BELLE CHASE COURT
02 CITY : GAITHERSBURG
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,123.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733603 MORTGAGORS: PIERCE PETER
MULHALL MARGUERITE
REGION CODE ADDRESS : 5710 SOUTHVIEW DRIVE
02 CITY : YORBA LINDA
STATE/ZIP : CA 92881
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,366.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.73856
----------------------------------------------------------------
0 0007733611 MORTGAGORS: RUTKOWSKI EDWIN
RUTKOWSKI RETHA
REGION CODE ADDRESS : 6705 ROUND POST COURT
02 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 261,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,169.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.81428
----------------------------------------------------------------
0 0007733629 MORTGAGORS: YACABUCCI JAMES
BOWMAN ANNE
REGION CODE ADDRESS : 2635 VISTA DEL CONQUISTADOR
02 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,194.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------
0 0007733637 MORTGAGORS: GARRETT WANDA
GRIGGS RODERICK
REGION CODE ADDRESS : 12210 WINDSOR HALL WAY
02 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 423,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,345.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,746.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.27900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,250.00
P & I AMT: 9,800.83
UPB AMT: 1,499,200.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733645 MORTGAGORS: WILLKIE WILLIAM
WILLKIE CAROLYN
REGION CODE ADDRESS : 17891 LAMSON RD
02 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,069.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733652 MORTGAGORS: MAUZ HENRY
MAUZ MARGARET
REGION CODE ADDRESS : 1608 VISCAINO ROAD
02 CITY : PEBBLE BEACH
STATE/ZIP : CA 93953
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,476.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 26.92300
----------------------------------------------------------------
0 0007733660 MORTGAGORS: SMITH CRAIG
SMITH ERIN
REGION CODE ADDRESS : 5553 BLUE ASTOR COURT
02 CITY : POWDER SPRINGS
STATE/ZIP : GA 30127
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,558.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,572.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733678 MORTGAGORS: SHERRILL MICHAEL
SHERRILL SHIRLEY
REGION CODE ADDRESS : 6445 EAST ABBEYWOOD ROAD
02 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 386,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,764.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,570.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007733686 MORTGAGORS: LEFANDE ROBERT
REGION CODE ADDRESS : 10909 MARINER DRIVE
02 CITY : FT. WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 460,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,660.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,065.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,600.00
P & I AMT: 11,217.01
UPB AMT: 1,702,528.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733702 MORTGAGORS: CRISS ROBERT
CRISS KAREN
REGION CODE ADDRESS : 6764 SLASH PINE COVE
02 CITY : MEMPHIS
STATE/ZIP : TN 38119
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,854.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 77.65625
----------------------------------------------------------------
0 0007733710 MORTGAGORS: YOUNG CHATMAN
YOUNG HYTHIA
REGION CODE ADDRESS : 20944 LONGFORD WAY
02 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,506.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733728 MORTGAGORS: GOODMAN GRACE
KATZ ANDREW
REGION CODE ADDRESS : 11112 WAYCROFT WAY
02 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,067.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.95500
----------------------------------------------------------------
0 0007733736 MORTGAGORS: CRISOSTOMO NORBERTO
CRISOSTOMO BETTY
REGION CODE ADDRESS : 11430 LARMIER CIRCLE
02 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,070.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007733744 MORTGAGORS: GREENLEES LISA
DECKER DAVID
REGION CODE ADDRESS : 8621 IRVINGTON AVE
02 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,318.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 78.76900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,700.00
P & I AMT: 9,287.49
UPB AMT: 1,436,817.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733751 MORTGAGORS: DAVID AGNES
REGION CODE ADDRESS : 4130 COASTAL HIGHWAY
02 CITY : ST. AUGUSTINE
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,228.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 87.87800
----------------------------------------------------------------
0 0007733769 MORTGAGORS: KNUDSEN JOHN
KNUDSEN LOUISE
REGION CODE ADDRESS : 1305 ROBINSON PLACE
02 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 257,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,581.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007733777 MORTGAGORS: BREHL ROBERT
BREHL DEIRDRE
REGION CODE ADDRESS : 9211 SLATE QUARRY ROAD
02 CITY : DICKERSON
STATE/ZIP : MD 20842
MORTGAGE AMOUNT : 386,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,246.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007733785 MORTGAGORS: NOONAN BARRY
NOONAN LOIS
REGION CODE ADDRESS : 2844 COX NECK RD
02 CITY : CHESTER
STATE/ZIP : MD 21619
MORTGAGE AMOUNT : 283,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,826.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 55.60784
----------------------------------------------------------------
0 0007733793 MORTGAGORS: LOHR MICHAEL
LOHR LAUREN
REGION CODE ADDRESS : 6424 JOHN JACKSON CT.
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,262.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,100.00
P & I AMT: 9,665.22
UPB AMT: 1,497,145.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733801 MORTGAGORS: PATTERSON DAVID
PATTERSON MARY
REGION CODE ADDRESS : 3720 RAMSGATE DRIVE
02 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,909.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 69.68600
----------------------------------------------------------------
0 0007733827 MORTGAGORS: BEHREND GARY
BEHREND SUSAN
REGION CODE ADDRESS : 8815 VALLEY SPRINGS PLACE
02 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,093.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007733835 MORTGAGORS: GONZALEZ RICARDO
GONZALEZ MARSHA
REGION CODE ADDRESS : 591 SERRANO LN
02 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,514.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.85700
----------------------------------------------------------------
0 0007733843 MORTGAGORS: WONG JOHN
KAHN SANDRA
REGION CODE ADDRESS : 10129 HOMAR POND DRIVE
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,405.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,231.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 77.65200
----------------------------------------------------------------
0 0007733850 MORTGAGORS: MITCHUM RUMA
MITCHUM SPENCER
REGION CODE ADDRESS : 3139 JUNIPER LANE
02 CITY : FALLS CHURCH
STATE/ZIP : VA 22041
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,738.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,563,750.00
P & I AMT: 10,117.71
UPB AMT: 1,560,661.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733868 MORTGAGORS: SMITH PETER
SMITH KATHLEEN
REGION CODE ADDRESS : 21 NORMAND CIRCLE
02 CITY : BEDFORD
STATE/ZIP : NH 03110
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,549.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007733876 MORTGAGORS: SZEKUNDA RAYMOND
SZEKUNDA ALICE
REGION CODE ADDRESS : 1590 NORTH WALNUT STREET
02 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,412.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.73400
----------------------------------------------------------------
0 0007733884 MORTGAGORS: KILIAN ROGER
KILIAN MARIE
REGION CODE ADDRESS : 4906 MONTGOMERY AVE.
02 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,043.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007733892 MORTGAGORS: JOHNSON STEPHEN
JOHNSON DEBORAH
REGION CODE ADDRESS : 5922 JEFFERSON BLVD
02 CITY : FREDERICK
STATE/ZIP : MD 21703
MORTGAGE AMOUNT : 363,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,271.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 65.86400
----------------------------------------------------------------
0 0007733900 MORTGAGORS: BELLON SUSAN
BELLON DAVID
REGION CODE ADDRESS : 1002 SHAFER STREET
02 CITY : OCEANSIDE
STATE/ZIP : CA 92054
MORTGAGE AMOUNT : 277,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,162.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,491,250.00
P & I AMT: 9,765.02
UPB AMT: 1,488,439.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007733918 MORTGAGORS: MORAN JOHN
MORAN JANICE
REGION CODE ADDRESS : 2961 FRANKLIN OAKS DRIVE
02 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 303,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,925.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.85526
----------------------------------------------------------------
0 0007733926 MORTGAGORS: RUMBERGER ROBERT
RUMBERGER JUDITH
REGION CODE ADDRESS : 213 HEATHERWOOD COURT
02 CITY : WINTER SPRINGS
STATE/ZIP : FL 32708
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,198.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007733934 MORTGAGORS: WOHLFROM RONALD
WOHLFROM ROBIN
REGION CODE ADDRESS : 6650 SW 240TH STREET
02 CITY : VASHON
STATE/ZIP : WA 98070
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,752.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0007733942 MORTGAGORS: AYERS DOUGLAS
AYERS ELAINE
REGION CODE ADDRESS : 2903 GRETNA PLACE
02 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 253,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,812.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 61.76829
----------------------------------------------------------------
0 0007733959 MORTGAGORS: MCBRIDE AMY
COGAR WILLIAM
REGION CODE ADDRESS : 6606 NW SEGERMAN LANE
02 CITY : SILVERDALE
STATE/ZIP : WA 98383
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,557.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,424,700.00
P & I AMT: 9,294.74
UPB AMT: 1,422,247.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007743354 MORTGAGORS: COHEN RUDY
COHEN SMADAR
REGION CODE ADDRESS : 17644 RANCHO STREET
02 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,543.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,144.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.53846
----------------------------------------------------------------
0 0030998827 MORTGAGORS: SPITZ LAWRENCE
SPITZ ELIZABETH
REGION CODE ADDRESS : 5215 17TH AVEUNE
01 CITY : BROOKLYN
STATE/ZIP : NY 11204
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 : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0031209091 MORTGAGORS: VANROELEN HENRI
VANROELEN DAPHNE
REGION CODE ADDRESS : 3 VINEYARD COURT
01 CITY : SAINT JAMES
STATE/ZIP : NY 11780
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,411.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031215502 MORTGAGORS: KASHMANN BERNARD
KASHMANN JODI
REGION CODE ADDRESS : 12 VERKADE AVENUE
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,768.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031241813 MORTGAGORS: SOUNTHALA SYLA
SOUNTHALA NOUKIEME
REGION CODE ADDRESS : 1188 BURNHAM STREET
01 CITY : CAROL STREAM
STATE/ZIP : IL 60188
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.39900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,135,000.00
P & I AMT: 14,612.92
UPB AMT: 2,125,304.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031305238 MORTGAGORS: KANE THOMAS
KANE CLAIRE
REGION CODE ADDRESS : 12153 ST ANDREWS DRIVE
01 CITY : RANCHO MIRAGE
STATE/ZIP : CA 92270
MORTGAGE AMOUNT : 462,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,621.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,073.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.44400
----------------------------------------------------------------
0 0031330202 MORTGAGORS: BYRD DOUGLAS
BYRD ELLEN
REGION CODE ADDRESS : 188 QUAIL RUN
01 CITY : MARSHFIELD
STATE/ZIP : MA 02050
MORTGAGE AMOUNT : 340,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031360621 MORTGAGORS: GIBNEY P.
GIBNEY NORMA
REGION CODE ADDRESS : 44 ARROWHEAD FARM ROAD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 549,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,560.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.29700
----------------------------------------------------------------
0 0031365208 MORTGAGORS: MONTANARO JOSEPH
MONTANARO SUANNE
REGION CODE ADDRESS : LOT 1-B-1072 GLENWOOD ROAD
01 CITY : WINDHAM
STATE/ZIP : NH 03087
MORTGAGE AMOUNT : 313,720.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,720.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031400351 MORTGAGORS: RICCIARDI LOUIS
RICCIARDI AMY
REGION CODE ADDRESS : 18 BUNTING TERRACE
01 CITY : MARLBORO TOWNSHIP
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,767.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.64600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,934,920.00
P & I AMT: 12,770.18
UPB AMT: 1,934,308.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031407190 MORTGAGORS: PARROTT EUGENE
PARROTT FRANCES
REGION CODE ADDRESS : 7401 CLIFTON QUARRY DRIVE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 342,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 70.14800
----------------------------------------------------------------
0 0031414733 MORTGAGORS: TA KHOI
VU MICHELLE
REGION CODE ADDRESS : 6656 SCHURTZ STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 264,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 79.97000
----------------------------------------------------------------
0 0031431315 MORTGAGORS: MASONE ANTHONY
MASONE CHRISTINE
REGION CODE ADDRESS : LOT 1-B-1071 GLENWOOD ROAD
01 CITY : WINDHAM
STATE/ZIP : NH 03087
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031451826 MORTGAGORS: BRESSLER BRUCE
FRENKEL MICHELLE
REGION CODE ADDRESS : 3 JENNIFER WAY
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : NJ 08852
MORTGAGE AMOUNT : 243,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0031507064 MORTGAGORS: MARTIN ALICE
REGION CODE ADDRESS : 23 STONEY HILL ROAD
01 CITY : SAG HARBOR
STATE/ZIP : NY 11963
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,650.00
P & I AMT: 9,563.92
UPB AMT: 1,442,650.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031594849 MORTGAGORS: CHANDLER STEVEN
CHANDLER DEBRA
REGION CODE ADDRESS : 31 ABINGDON COURT
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 275,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,390.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.97200
----------------------------------------------------------------
0 0031607971 MORTGAGORS: EATON JOHN
EATON KIMBERLY
REGION CODE ADDRESS : 2008 MEADOW TREE COURT
01 CITY : COOKSVILLE
STATE/ZIP : MD 21723
MORTGAGE AMOUNT : 243,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031611452 MORTGAGORS: ROBERTS SCOTT
ROBERTS KIMBERLY
REGION CODE ADDRESS : 15407 STERLING DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,049.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031615040 MORTGAGORS: FAZEL REZA
AHMADI SHOHREH
REGION CODE ADDRESS : 23685 SUMMIT DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,902.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031618713 MORTGAGORS: SHEN PHILIP
SHEN JENNIFER
REGION CODE ADDRESS : 9600 NW 43RD ST
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33065
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,439.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,763.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.57300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,400.00
P & I AMT: 10,241.95
UPB AMT: 1,473,731.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031634587 MORTGAGORS: HAJJARIAN AKBAR
REGION CODE ADDRESS : 46 WOODS LANE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,266.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.86700
----------------------------------------------------------------
0 0031637986 MORTGAGORS: MEI SHAN
REGION CODE ADDRESS : 7 EDEN HUNT PLACE
01 CITY : ARMONK
STATE/ZIP : NY 10504
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,077.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,873.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031638984 MORTGAGORS: DEEVERS DEE
DEEVERS STEPHANIE
REGION CODE ADDRESS : 2139 WILBANKS CIRCLE
01 CITY : HENDERSON
STATE/ZIP : NV 89012
MORTGAGE AMOUNT : 369,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,758.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,551.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0031645179 MORTGAGORS: CAMPBELL THOMAS
CAMPBELL SUSAN
REGION CODE ADDRESS : 8 MATHEW DRIVE
01 CITY : FRANKLIN TWP.
STATE/ZIP : NJ 08801
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,546.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.35897
----------------------------------------------------------------
0 0031647225 MORTGAGORS: MACY GRIFFIN
MACY KATHY
REGION CODE ADDRESS : 20803 QUIET BROOK PLACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 323,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,861,500.00
P & I AMT: 12,547.26
UPB AMT: 1,857,748.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031649486 MORTGAGORS: ACKLAND GERALD
REGION CODE ADDRESS : 2712 HIGHLAND WAY
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,493.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 38.41800
----------------------------------------------------------------
0 0031653900 MORTGAGORS: DIONIS STEVEN
REGION CODE ADDRESS : 6441 ELLENVIEW AVENUE
01 CITY : CANOGA PARK
STATE/ZIP : CA 91307
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031666134 MORTGAGORS: DORIS PETER
DOBBINS ELAINE
REGION CODE ADDRESS : 105 REX AVENUE
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19118
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,370.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.15400
----------------------------------------------------------------
0 0031673296 MORTGAGORS: CRUGNALE MARK
CRUGNALE CLAUDIA
REGION CODE ADDRESS : 13035 MINDANAO WAY NO. 7
01 CITY : MARINA DEL REY AREA
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 292,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,527.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.43500
----------------------------------------------------------------
0 0031679475 MORTGAGORS: HAILEY ALVIN
HAILEY TRICIA
REGION CODE ADDRESS : 6009 FINCHINGFIELD ROAD
01 CITY : WARRENTON
STATE/ZIP : VA 20187
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,746.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.74300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,498,750.00
P & I AMT: 10,399.11
UPB AMT: 1,496,944.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031684871 MORTGAGORS: PARKER JENNIFER
PARKER ROBERT
REGION CODE ADDRESS : 4627 BRIGHTWOOD ROAD
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 259,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031687767 MORTGAGORS: LOWERY WILLIAM
REGION CODE ADDRESS : 812 EAST CAPITAL STREET, NE
01 CITY : WASHINGTON
STATE/ZIP : DC 20003
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,166.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,915.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.24100
----------------------------------------------------------------
0 0031689805 MORTGAGORS: WRIGHT KIM
WRIGHT MARY
REGION CODE ADDRESS : 6037 77TH AVENUE SOUTHEAST
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 784,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 782,199.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,414.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 21.18900
----------------------------------------------------------------
0 0031690837 MORTGAGORS: FISCHER MARK
FISCHER MARLENE
REGION CODE ADDRESS : 9 MILLER CIRCLE
01 CITY : ARMONK
STATE/ZIP : NY 10504
MORTGAGE AMOUNT : 300,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,865.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 46.45600
----------------------------------------------------------------
0 0031700321 MORTGAGORS: PETERSON BRIAN
PETERSON SHARON
REGION CODE ADDRESS : 200 IVY STONE DRIVE LOT #14
01 CITY : DOWNINGTON
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 353,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,324.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.90900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,256,950.00
P & I AMT: 15,471.38
UPB AMT: 2,253,805.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031710569 MORTGAGORS: ROTHSTEIN HOLLY
REGION CODE ADDRESS : 1615 N. GENESEE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,935.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,083.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031713563 MORTGAGORS: PITHAWALLA BARJOR
PITHAWALLA SILLOO
REGION CODE ADDRESS : 1023 RODEO ROAD
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 493,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,755.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,322.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.52200
----------------------------------------------------------------
0 0031714504 MORTGAGORS: LORICK FORREST
REGION CODE ADDRESS : 455 OVERSTEEG GULCH ROAD
01 CITY : CRESTED BUTTE
STATE/ZIP : CO 81224
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,631.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 42.45200
----------------------------------------------------------------
0 0031717382 MORTGAGORS: MORRILL MICHAEL
MORRILL VALERIE
REGION CODE ADDRESS : 400 CORTES CIRCLE
01 CITY : CORONA DEL MAR
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 497,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,547.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,306.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.46100
----------------------------------------------------------------
0 0031723976 MORTGAGORS: GIERSDORF ROBERT
GIERSDORF LORI
REGION CODE ADDRESS : 2201 3RD AVEUNE UNIT 2601
01 CITY : SEATTLE
STATE/ZIP : WA 98121
MORTGAGE AMOUNT : 725,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 724,434.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,945.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 58.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,617,150.00
P & I AMT: 17,652.08
UPB AMT: 2,612,304.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031726235 MORTGAGORS: FLY STANLEY
FLY EVE
REGION CODE ADDRESS : 3808 WESLEY AVENUE 2ND FLOOR
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,725.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.07100
----------------------------------------------------------------
0 0031726276 MORTGAGORS: JEFCOAT JAMES
JEFCOAT CATHERINE
REGION CODE ADDRESS : 2328 IROQUOIS ROAD
01 CITY : WILMETTE
STATE/ZIP : IL 60091
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
0 0031727068 MORTGAGORS: LAUCK-FORMSLAG SARA
REGION CODE ADDRESS : 800 SPRING STREET
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 315,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,672.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,446.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 47.08900
----------------------------------------------------------------
0 0031728439 MORTGAGORS: JONES JOHN
SIMPSON-JONES JULIA
REGION CODE ADDRESS : 3300 OLD POINT ROAD
01 CITY : EDGEWATER
STATE/ZIP : MD 21037
MORTGAGE AMOUNT : 892,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 891,137.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,164.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031729692 MORTGAGORS: BEALS ROBERT
BEALS ANDREA
REGION CODE ADDRESS : 9206 PRINCE WILLIAM
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 415,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,851.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,727.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,493,200.00
P & I AMT: 17,421.09
UPB AMT: 2,489,015.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031731417 MORTGAGORS: HERRICK LAN
HERRICK PATRICIA
REGION CODE ADDRESS : RR3 BOX #165A MACRI ROAD
01 CITY : HUNLOCK CREEK
STATE/ZIP : PA 18621
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.33300
----------------------------------------------------------------
0 0031731748 MORTGAGORS: CAREY MARY
REGION CODE ADDRESS : 3193 EAGLE WATCH DRIVE
01 CITY : WOODSTOCK
STATE/ZIP : GA 30189
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,093.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.06800
----------------------------------------------------------------
0 0031732696 MORTGAGORS: CHEN JOHN
SHIH CHIMING
REGION CODE ADDRESS : 19114 CECELIA PLACE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 258,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,785.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031732803 MORTGAGORS: ANDREWS CHARLES
ANDREWS SUSAN
REGION CODE ADDRESS : 6353 DEBRY WAY
01 CITY : TRINITY
STATE/ZIP : NC 27370
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031732969 MORTGAGORS: KAVANAGH SCOTT
KAVANAGH JADA
REGION CODE ADDRESS : 10 WINESAP WAY
01 CITY : ASHLAND
STATE/ZIP : MA 01721
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,530.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.54700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,200.00
P & I AMT: 9,854.11
UPB AMT: 1,425,985.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031733090 MORTGAGORS: HABBERSHON TIMOTHY
HABBERSHON LINDA
REGION CODE ADDRESS : 3523 GOSHEN ROAD
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,363.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031734247 MORTGAGORS: MCMILLEN MARVIN
ELLIOT VICTORIA
REGION CODE ADDRESS : 10 LITCHFIELD ROAD
01 CITY : HARWINTON
STATE/ZIP : CT 06791
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,793.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.42800
----------------------------------------------------------------
0 0031734254 MORTGAGORS: GRIFFIN WILLIAM
GRIFFIN CAROL
REGION CODE ADDRESS : 17675 EDMUNDSON ROAD
01 CITY : SISTERS
STATE/ZIP : OR 97759
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,067.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031736481 MORTGAGORS: CLEVELAND ELTON
CLEVELAND LINDA
REGION CODE ADDRESS : 1402 MADISON LN
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72211
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,721.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 52.30700
----------------------------------------------------------------
0 0031736523 MORTGAGORS: VALASTRO JOHN
VALASTRO BARBARA
REGION CODE ADDRESS : 25435 VIA ACORDE
01 CITY : VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.36300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,100.00
P & I AMT: 9,933.32
UPB AMT: 1,456,946.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031736788 MORTGAGORS: TRADER SUSAN
TRADER MARK
REGION CODE ADDRESS : 16813 CLARKES GAP ROAD
01 CITY : PAEONIAN SPRINGS
STATE/ZIP : VA 20129
MORTGAGE AMOUNT : 278,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,948.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.47100
----------------------------------------------------------------
0 0031737216 MORTGAGORS: TAHIL RAJ
WRENN MARY
REGION CODE ADDRESS : 21 GLEN AVE
01 CITY : WEST ORANGE
STATE/ZIP : NJ 07052
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,707.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031737422 MORTGAGORS: WILLIAMS STEVEN
LENNON NELL
REGION CODE ADDRESS : 2006 BYRD ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 398,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,174.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,649.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
0 0031739097 MORTGAGORS: LYONS DAVID
LYONS CATHARINE
REGION CODE ADDRESS : 43 PINE REACH
01 CITY : REHOBOTH BEACH
STATE/ZIP : DE 19971
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.90291
----------------------------------------------------------------
0 0031740780 MORTGAGORS: ACCARDI ALEXANDRA
REGION CODE ADDRESS : 3 GRIST MILL LANE
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,069.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.67500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,986,400.00
P & I AMT: 13,794.34
UPB AMT: 1,983,830.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031743743 MORTGAGORS: CHRISTIE JAMES
CHRISTIE JUDITH
REGION CODE ADDRESS : 403 MILL CREEK ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,604.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,334.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.87500
----------------------------------------------------------------
0 0031745789 MORTGAGORS: JENTZ DANIEL
REGION CODE ADDRESS : 25460 W.SCOTT ROAD
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,560.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031746068 MORTGAGORS: BRIGHAM STEVEN
BRIGHAM AMANDA
REGION CODE ADDRESS : 12465 NEDRA DRIVE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,563.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031746688 MORTGAGORS: LIBERTUCCI JOSEPH
LIBERTUCCI LINDA
REGION CODE ADDRESS : 1725 CAMINITO ARDIENTE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,570.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.68700
----------------------------------------------------------------
0 0031747645 MORTGAGORS: MADDEN JOHN
PORCARO-MADDEN MARY ELLEN
REGION CODE ADDRESS : 336 CANDLESTICK ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 251,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,475.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 49.88100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,561,900.00
P & I AMT: 10,486.54
UPB AMT: 1,559,774.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031748270 MORTGAGORS: CARROLL THOMAS
CARROLL SUSAN
REGION CODE ADDRESS : 1800 KENSINGTON DR,
01 CITY : ALGONQUIN
STATE/ZIP : IL 60102
MORTGAGE AMOUNT : 261,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,459.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.90900
----------------------------------------------------------------
0 0031749096 MORTGAGORS: NELSON BRIAN
NELSON KERRI
REGION CODE ADDRESS : 6117 WARBLER WAY
01 CITY : GLEN ALLEN
STATE/ZIP : VA 23060
MORTGAGE AMOUNT : 371,599.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,286.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 91.75400
----------------------------------------------------------------
0 0031750003 MORTGAGORS: REGESTER MICHAEL
REGESTER SUSAN
REGION CODE ADDRESS : 30 PINE CREST ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02459
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,732.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031750029 MORTGAGORS: MULLOWNEY MICHAEL
MULLOWNEY MAUREEN
REGION CODE ADDRESS : 29 RICHMOND ROAD
01 CITY : NEWTON
STATE/ZIP : MA 01258
MORTGAGE AMOUNT : 375,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,914.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,591.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031752769 MORTGAGORS: PITTS ROBERT
PITTS PAMELA
REGION CODE ADDRESS : 20 GROVE AVENUE
01 CITY : MORRIS PLAINS BOROUGH
STATE/ZIP : NJ 07950
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,601.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,549.00
P & I AMT: 11,182.61
UPB AMT: 1,627,995.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031753536 MORTGAGORS: MONNESS WILLIAM
MONNESS JENNIFER
REGION CODE ADDRESS : 49 KINGSLEY CLOSE
01 CITY : IRVINGTON
STATE/ZIP : NY 10533
MORTGAGE AMOUNT : 789,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 789,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,183.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
0 0031754641 MORTGAGORS: HARRIS CHARLES
HARRIS LAURIE
REGION CODE ADDRESS : 15059 RAYNETA DRIVE
01 CITY : SHERMAN OAKS AREA L.A
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,903.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031755630 MORTGAGORS: KAUFMAN HOWARD
KAUFMAN MICHELLE
REGION CODE ADDRESS : 5931 DOROTHY BOLTON COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 302,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,846.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031755689 MORTGAGORS: DIAL J.
DIAL DANA
REGION CODE ADDRESS : 3141 HARVERHILL COVE NE
01 CITY : CONYERS
STATE/ZIP : GA 30012
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 87.50000
----------------------------------------------------------------
0 0031756539 MORTGAGORS: PETROZZINO VITO
PETROZZINO TAMARA
REGION CODE ADDRESS : 10 BRANDYWINE COURT
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 546,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 546,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,817.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.70800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,292,100.00
P & I AMT: 15,526.11
UPB AMT: 2,290,526.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031757255 MORTGAGORS: MCCARTHY PETER
MCCARTHY SANDRA
REGION CODE ADDRESS : 3 COMANCHE PLACE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 380,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,630.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031758592 MORTGAGORS: BENKO CHRISTOPHER
BENKO MARY
REGION CODE ADDRESS : 1001 REGIMENTAL DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
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 : 10/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031758618 MORTGAGORS: HOLGUIN SALVADOR
HOLGUIN MONICA
REGION CODE ADDRESS : 28340 BERYLWOOD PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,305.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.90802
----------------------------------------------------------------
0 0031759004 MORTGAGORS: LINHART RICHARD
LINHART RUTH
REGION CODE ADDRESS : 6830 CORDER LANE
01 CITY : LORTON
STATE/ZIP : VA 22079
MORTGAGE AMOUNT : 328,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031759111 MORTGAGORS: WASS TED
WASS NINA
REGION CODE ADDRESS : 11733 VALLEY CREST ROAD
01 CITY : LOS ANGELES STUDIO CITY A
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 945,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 945,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,607.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 63.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,213,900.00
P & I AMT: 15,337.86
UPB AMT: 2,213,496.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031759566 MORTGAGORS: FELDLEIT ROBERT
REGION CODE ADDRESS : 5 POSTFIELD LANE
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 253,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,361.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031759616 MORTGAGORS: FINCKE RANDALL
FINCKE NANCY
REGION CODE ADDRESS : 72 BRISTERS HILL ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.48800
----------------------------------------------------------------
0 0031760184 MORTGAGORS: GUPTA ANIL
BANSAL-GUPTA MEENA
REGION CODE ADDRESS : 1311 RUTLAND LANE
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,694.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031760200 MORTGAGORS: FRANK SANDY
FRANK PAMELA
REGION CODE ADDRESS : 15815 SUTTON STREET
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,270.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,426.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.25000
----------------------------------------------------------------
0 0031761190 MORTGAGORS: CARLTON LARRY
CARLTON PAULA
REGION CODE ADDRESS : 3216 SUNSET LANE
01 CITY : ARLINGTON
STATE/ZIP : TX 76017
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,280.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,785,050.00
P & I AMT: 12,248.95
UPB AMT: 1,783,606.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031761455 MORTGAGORS: LAM JEROME
LAM ANNA
REGION CODE ADDRESS : 645 CAMINO CERRADO
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,478.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0031763170 MORTGAGORS: GRANT CARL
GRANT CAROL
REGION CODE ADDRESS : 2008 CUTWATER COURT
01 CITY : RESTON
STATE/ZIP : VA 20191
MORTGAGE AMOUNT : 428,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,157.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,886.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 56.98138
----------------------------------------------------------------
0 0031763428 MORTGAGORS: SUANICO DEAN
KOICHEFF CEVANNA
REGION CODE ADDRESS : 1053 GALDAR PLACE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 278,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031764566 MORTGAGORS: FARRAHER GEORGE
REGION CODE ADDRESS : 20 HERITAGE LANE
01 CITY : SAUGUS
STATE/ZIP : MA 01906
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031764707 MORTGAGORS: WILLIAMS WALTER
WILLIAMS SAUNDRA
REGION CODE ADDRESS : 6101 FOREST HIGHLANDS DR
01 CITY : FORT WORTH
STATE/ZIP : TX 76132
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 46.15300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,850.00
P & I AMT: 11,710.21
UPB AMT: 1,730,985.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031766710 MORTGAGORS: HOLLAND ROBERT
HOLLAND DANA
REGION CODE ADDRESS : 88 FAIRMOUNT AVENUE
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.01800
----------------------------------------------------------------
0 0031768096 MORTGAGORS: SCHNOLL ALAN
SCHNOLL MEREDITH
REGION CODE ADDRESS : 439 RIGHTER'S MILL ROAD
01 CITY : PENN VALLEY
STATE/ZIP : PA 19072
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.08300
----------------------------------------------------------------
0 0031768633 MORTGAGORS: KRUSE THOMAS
LOUKOTA DEBRA
REGION CODE ADDRESS : 9040 CABIN COURT
01 CITY : OWINGS
STATE/ZIP : MD 20736
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,994.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99657
----------------------------------------------------------------
0 0031768815 MORTGAGORS: MARTIN RONALD
MARTIN NANCY
REGION CODE ADDRESS : 504 NW 120TH DR
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33071
MORTGAGE AMOUNT : 275,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,116.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031769417 MORTGAGORS: MAAG WILLIAM
MAAG TRACY
REGION CODE ADDRESS : 24 DENNETT ROAD
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,614.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.56800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,950.00
P & I AMT: 10,566.63
UPB AMT: 1,526,876.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031769870 MORTGAGORS: CHO YOUNG
CHO KUM
REGION CODE ADDRESS : 1 NORTHGATE CIRCLE
01 CITY : LEXINGTON
STATE/ZIP : MA 02473
MORTGAGE AMOUNT : 441,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.81800
----------------------------------------------------------------
0 0031770548 MORTGAGORS: GONZALES ROBERT
KELLAR CRAIG
REGION CODE ADDRESS : 7757 GEORGIAN OAKS COURT
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 428,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,885.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031770563 MORTGAGORS: PUGA STEVEN
PUGA ELIZABETH
REGION CODE ADDRESS : 553 EL INVIERNO DRIVE,
01 CITY : GILROY,
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,335.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99461
----------------------------------------------------------------
0 0031771058 MORTGAGORS: PIKE JEFFERY
REGION CODE ADDRESS : 842 WHITE PLAINS ROAD
01 CITY : EASTCHESTER
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 262,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.24300
----------------------------------------------------------------
0 0031772155 MORTGAGORS: ORTON BRIAN
ORTON CHRISTINA
REGION CODE ADDRESS : 7820 238TH STREET SOUTHEAST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,771.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 86.91500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,350.00
P & I AMT: 11,676.32
UPB AMT: 1,706,656.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031773120 MORTGAGORS: TRAN KIM-VAN
TRAN LOC
REGION CODE ADDRESS : 1895 FUMIA PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 399,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,536.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 89.79700
----------------------------------------------------------------
0 0031773286 MORTGAGORS: MC KEAN FRANCIS
MC KEAN JENNY
REGION CODE ADDRESS : 3392 SUMMIT AVENUE
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031773815 MORTGAGORS: RAMINFAR ANAYAT
RAMINFAR SHIRLEY
REGION CODE ADDRESS : 15573 AQUA VERDE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,522.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031773930 MORTGAGORS: BOLADO MARV
BOLADO TERESITA
REGION CODE ADDRESS : 134994 OLD BUTTERFIELD RD
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,682.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 64.06700
----------------------------------------------------------------
0 0031774094 MORTGAGORS: LAND KEITH
LAND EILEEN
REGION CODE ADDRESS : 102 PADDOCK DRIVE
01 CITY : SPRINGFIELD TOWNSHIP,
STATE/ZIP : NJ 08041
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 88.94500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,891,600.00
P & I AMT: 12,563.25
UPB AMT: 1,890,218.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031774219 MORTGAGORS: JACINTO JOSEPH
JACINTO DENISE
REGION CODE ADDRESS : 120 HARTSHORNE ROAD
01 CITY : LOCUST
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031774425 MORTGAGORS: BRUNO JOSEPH
ROSEN-BRUNO SUE
REGION CODE ADDRESS : 3228 WALTER TRAVIS DRIVE
01 CITY : SARASOTA
STATE/ZIP : FL 34240
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031775604 MORTGAGORS: PASCUCCI STEVEN
PASCUCCI JENNIFER
REGION CODE ADDRESS : 291 POPE ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,246.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.11700
----------------------------------------------------------------
0 0031776461 MORTGAGORS: DI PANNI SCOTT
DI PANNI TERESA
REGION CODE ADDRESS : 3287 INDIAN CREEK PLACE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,756.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.99200
----------------------------------------------------------------
0 0031777386 MORTGAGORS: EFFLER FRANK
EFFLER DAGMAR
REGION CODE ADDRESS : 905 ROCK CANYON CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,773.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.95400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,681,000.00
P & I AMT: 11,510.36
UPB AMT: 1,680,316.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031777949 MORTGAGORS: MCGAHAN TIMOTHY
BEHN SARAH
REGION CODE ADDRESS : 1 HARLOW POND COURT
01 CITY : FRANKLIN
STATE/ZIP : MA 02038
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.78400
----------------------------------------------------------------
0 0031778145 MORTGAGORS: MASHEL STEPHAN
MASHEL CONCETTA
REGION CODE ADDRESS : 1 JARED LANE
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.46300
----------------------------------------------------------------
0 0031779028 MORTGAGORS: FORGASH WALTER
MONTELLA ROBIN
REGION CODE ADDRESS : 2228 NE 25TH ST
01 CITY : LIGHTHOUSE POINT
STATE/ZIP : FL 33064
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,494.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.27100
----------------------------------------------------------------
0 0031779390 MORTGAGORS: LOPRETE GREGORY
LOPRETE SANDRA
REGION CODE ADDRESS : 24 FARLEY RD
01 CITY : SHORT HILLS
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,869.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,398.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031779440 MORTGAGORS: SARCIA MARIA
BORINO RONALD
REGION CODE ADDRESS : 2 COPELAND DRIVE
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,648.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.59500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,758,000.00
P & I AMT: 12,008.92
UPB AMT: 1,755,828.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031779804 MORTGAGORS: FREEMAN MICHAEL
FREEMAN KELLY
REGION CODE ADDRESS : 8015 SARGENT RIDGE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46256
MORTGAGE AMOUNT : 391,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,194.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,670.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031779853 MORTGAGORS: GROCHAL PAUL
GROCHAL NATALIA
REGION CODE ADDRESS : 1365 CROWN MILL AVENUE
01 CITY : MUKILTEO
STATE/ZIP : WA 98275
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,793.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031780257 MORTGAGORS: SHAMON JOHN
REGION CODE ADDRESS : 9907 NW BARTHOLOMEW DRIVE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,820.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031780331 MORTGAGORS: HARRIS ROBERT
HARRIS DANA
REGION CODE ADDRESS : 68 SHADOW OAK DRIVE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,258.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.66600
----------------------------------------------------------------
0 0031780646 MORTGAGORS: WILLIAMSON JOHN
WILLIAMSON DIANA
REGION CODE ADDRESS : 1665 RUSSELL ROAD
01 CITY : PAOLI
STATE/ZIP : PA 19301
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.24100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,500.00
P & I AMT: 10,789.68
UPB AMT: 1,573,530.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031780778 MORTGAGORS: MOULTON GARY
MOULTON TINA
REGION CODE ADDRESS : 1208 JAIMEE
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031780984 MORTGAGORS: MILLER JAMES
MILLER SHIRLEY
REGION CODE ADDRESS : 2299 MONARCH RIDGE CIRCLE,
01 CITY : EL CAJON,
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,168.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031781032 MORTGAGORS: BUNNETT THOMAS
BUNNETT THEKLA
REGION CODE ADDRESS : 5389 WILSHIRE DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92116
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031781222 MORTGAGORS: KILLEEN STEPHEN
KILLEEN PRISCILLA
REGION CODE ADDRESS : 6 KENNEDY LANE
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 497,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,393.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.62000
----------------------------------------------------------------
0 0031781354 MORTGAGORS: BISHOP JEFFREY
REGION CODE ADDRESS : 3 PINE HILL ROAD
01 CITY : SOUTHBORO
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 300,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.77777
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,636,400.00
P & I AMT: 11,113.86
UPB AMT: 1,636,168.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031781370 MORTGAGORS: KLEINENBROICH KENNETH
REGION CODE ADDRESS : 8000 NW 128TH CIRCLE
01 CITY : OKLAHOMA CITY
STATE/ZIP : OK 73142
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,630.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031782170 MORTGAGORS: ROMANS GARY
ROMANS PEGGY
REGION CODE ADDRESS : 32 STEEPLECHASE ROAD
01 CITY : ROBBINSVILLE
STATE/ZIP : NJ 08691
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,278.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.52300
----------------------------------------------------------------
0 0031782899 MORTGAGORS: MOORE WILLIAM
MOORE KATHLEEN
REGION CODE ADDRESS : 5917 POCOL DRIVE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031783590 MORTGAGORS: MAGINNESS JAMES
MAGINNESS LINDA
REGION CODE ADDRESS : 7513 DETWILLER DRIVE
01 CITY : CLIFTON,
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.30400
----------------------------------------------------------------
0 0031784275 MORTGAGORS: JOSEPH DARRELL
JOSEPH JUNE
REGION CODE ADDRESS : 42 HORIZONS ROAD
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.26400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,750.00
P & I AMT: 10,190.57
UPB AMT: 1,495,380.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031784341 MORTGAGORS: BABCOCK JAMES
BABCOCK PATRICIA
REGION CODE ADDRESS : 8450 WHALE WATCH WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,689.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,715.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 21.51351
----------------------------------------------------------------
0 0031784432 MORTGAGORS: WAHL MARSHALL
WAHL JANET
REGION CODE ADDRESS : 219 ASPHODEL DRIVE
01 CITY : DOTHAN
STATE/ZIP : AL 36303
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.68800
----------------------------------------------------------------
0 0031784473 MORTGAGORS: WIEGAND FRANCIS
WIEGAND LESLIE
REGION CODE ADDRESS : 10946 HASBROOK ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.70500
----------------------------------------------------------------
0 0031784754 MORTGAGORS: WAGNER MATTHEW
REGION CODE ADDRESS : 4340 HORTON ROAD
01 CITY : WEST LINN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,777.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031784853 MORTGAGORS: JOSEPH DANIEL
JOSEPH DENISE
REGION CODE ADDRESS : 720 JOHNSON BEND ROAD
01 CITY : WEATHERFORD
STATE/ZIP : TX 76088
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,513.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,750.00
P & I AMT: 10,674.50
UPB AMT: 1,548,980.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031784887 MORTGAGORS: WAINWRIGHT MARK
WAINWRIGHT MARY
REGION CODE ADDRESS : 3422 ISLE ROYAL COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031785132 MORTGAGORS: TABUENCA JULIO
TABUENCA ALICIA
REGION CODE ADDRESS : 49 LAS FLORES DRIVE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,592.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031785389 MORTGAGORS: KREMER MICHAEL
KREMER HEIDI
REGION CODE ADDRESS : 4549 BEN AVENUE (STUDIO CITY AREA)
01 CITY : LOS ANGELES
STATE/ZIP : CA 91607
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031785496 MORTGAGORS: TODRIN DAVID
TODRIN HILDI
REGION CODE ADDRESS : 166 FOXWOOD ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,703.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.33333
----------------------------------------------------------------
0 0031785660 MORTGAGORS: TONG DEYU
ZHENG BIN
REGION CODE ADDRESS : 58 ANTELOPE COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 423,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,269.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,856.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99811
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,563,450.00
P & I AMT: 10,760.21
UPB AMT: 1,561,195.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031786171 MORTGAGORS: DOREY DEE
REGION CODE ADDRESS : 1835 FOX SPRINGS CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031786957 MORTGAGORS: FASSLER MICHAEL
FASSLER PATTI
REGION CODE ADDRESS : 31518 NE STILLWATER HILL ROAD
01 CITY : CARNATION
STATE/ZIP : WA 98014
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,608.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0031787088 MORTGAGORS: PORTWAY WILLIAM
PORTWAY TANYA
REGION CODE ADDRESS : 454 EAST SADDLE RIVER ROAD
01 CITY : UPPER SADDLE RIVER
STATE/ZIP : NJ 07458
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031787179 MORTGAGORS: MITCHELL MARK
JOHANSSON PETER
REGION CODE ADDRESS : 2 BAY STATE ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02482
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.80000
----------------------------------------------------------------
0 0031787229 MORTGAGORS: HAMMER JON
HAMMER DEBRA
REGION CODE ADDRESS : 521 ROWLAND BLVD.
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,979.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,400.00
P & I AMT: 9,854.62
UPB AMT: 1,449,587.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031787286 MORTGAGORS: VAN DE VOORDE JAMES
OSHER CONSTANCE
REGION CODE ADDRESS : 50 BRIDGEWATER DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,450.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0031787518 MORTGAGORS: MINSHALL PETER
MINSHALL SUZANNE
REGION CODE ADDRESS : 14 BAYVIEW ROAD
01 CITY : OSTERVILLE
STATE/ZIP : MA 02655
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,680.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.20800
----------------------------------------------------------------
0 0031787799 MORTGAGORS: BOISSONEAULT JEFFREY
BOISSINEAULT KATHRYN
REGION CODE ADDRESS : 8661 NORTHEAST 20TH STREET
01 CITY : CLYDE HILL
STATE/ZIP : WA 98004
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,683.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,667.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.86956
----------------------------------------------------------------
0 0031788482 MORTGAGORS: SCHMITT GEORGE
SCHMITT MELISSA
REGION CODE ADDRESS : 11 MELBOURNE WAY
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.84800
----------------------------------------------------------------
0 0031788854 MORTGAGORS: TROTTER THOMAS
TROTTER SALLY
REGION CODE ADDRESS : 2593 MORNINGSTAR ROAD
01 CITY : MANASQUAN
STATE/ZIP : NJ 08736
MORTGAGE AMOUNT : 274,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.61900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,677,300.00
P & I AMT: 11,449.73
UPB AMT: 1,676,113.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031788995 MORTGAGORS: BURKE GREGORY
REGION CODE ADDRESS : 1009 NORTH POINTE CIR
01 CITY : SHREVEPORT
STATE/ZIP : LA 71106
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,721.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
0 0031789217 MORTGAGORS: COHEN DANNY
HEILIG DELIA
REGION CODE ADDRESS : 17432 REVELLO DRIVE
01 CITY : PACIFIC PALISADES AREA
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 41.84200
----------------------------------------------------------------
0 0031789563 MORTGAGORS: FERLISI PETER
FERLISI LYNNE
REGION CODE ADDRESS : 51 MAYFLOWER DRIVE
01 CITY : MANSFIELD
STATE/ZIP : MA 02048
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.96700
----------------------------------------------------------------
0 0031789605 MORTGAGORS: LILLIS MATTHEW
LILLIS ELLEN
REGION CODE ADDRESS : 94 OCEANSIDE DRIVE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 86.91500
----------------------------------------------------------------
0 0031790132 MORTGAGORS: STREICKER MELINDA
BURDA JAMES
REGION CODE ADDRESS : 700 LARAMIE LANE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 311,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.87500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,000.00
P & I AMT: 10,279.66
UPB AMT: 1,514,721.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031790348 MORTGAGORS: OEBBECKE JOHN
KELLY MOIRA
REGION CODE ADDRESS : 1523 RICHARD DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031790801 MORTGAGORS: DISIMONI CARMEN
DISIMONI HEDY
REGION CODE ADDRESS : 9 HARBOURTON-WOODSVILLE ROAD
01 CITY : PENNINGTON
STATE/ZIP : NJ 08534
MORTGAGE AMOUNT : 358,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,120.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031791262 MORTGAGORS: VAN SETERS STEPHEN
VAN SETERS ANDREA
REGION CODE ADDRESS : LOT 226 SHERWOOD ROAD
01 CITY : WINDHAM
STATE/ZIP : NH 03087
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,746.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.55303
----------------------------------------------------------------
0 0031792229 MORTGAGORS: LESHAN BRUCE
LESHAN TRACY
REGION CODE ADDRESS : 52 CHANDLER STREET
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 337,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.87850
----------------------------------------------------------------
0 0031793235 MORTGAGORS: BECKER LISA
REGION CODE ADDRESS : 1568 FOXWORTHY AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 247,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,256.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98181
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,650.00
P & I AMT: 10,546.35
UPB AMT: 1,558,923.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031793375 MORTGAGORS: WILBUR LAWRENCE
WILBUR STACEY
REGION CODE ADDRESS : 99 SPRING HILL CIRCLE
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 65.37100
----------------------------------------------------------------
0 0031793391 MORTGAGORS: FISCHER JOHN
PARSONS-FISCHER ELIZABETH
REGION CODE ADDRESS : 65 ST STEPHENS DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,569.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,243.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 51.28200
----------------------------------------------------------------
0 0031793854 MORTGAGORS: PALMIERI RICHARD
PALMIERI KATHLEEN
REGION CODE ADDRESS : 7785 GEORGIAN OAKS COURT
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 304,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.38800
----------------------------------------------------------------
0 0031793987 MORTGAGORS: YOUNG CHRISTOPHER
YOUNG CYNTHIA
REGION CODE ADDRESS : 55 WEST 17TH STREET
01 CITY : AVALON
STATE/ZIP : NJ 08202
MORTGAGE AMOUNT : 335,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,287.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031794183 MORTGAGORS: JULIUS EDWARD
JULIUS MARION
REGION CODE ADDRESS : 22009 VINCENNES STREET
01 CITY : CHATSWORTH AREA
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 269,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,739.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,670,150.00
P & I AMT: 11,112.40
UPB AMT: 1,669,508.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031794704 MORTGAGORS: BENJAMIN ROBERT
BENJAMIN JUDITH
REGION CODE ADDRESS : 2629 SURREY DRIVE
01 CITY : COVINA
STATE/ZIP : CA 91724
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,546.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031795123 MORTGAGORS: MARCHESE ROSS
MARCHESE CAROL
REGION CODE ADDRESS : 19 FORESTON CIRCLE
01 CITY : MANORVILLE
STATE/ZIP : NY 11949
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031795347 MORTGAGORS: METHENITIS TIMOTHY
METHENITIS CYNTHIA
REGION CODE ADDRESS : 719 CALIFORNIA WAY
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,655.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,794.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.26300
----------------------------------------------------------------
0 0031795610 MORTGAGORS: HANDLER FRANKLIN
HANDLER FRANCINE
REGION CODE ADDRESS : 47625 VIA MONTIGO
01 CITY : LA QUINTA
STATE/ZIP : CA 92253
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,773.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.30800
----------------------------------------------------------------
0 0031796261 MORTGAGORS: TAXIDIS STAVROS
TAXIDIS PATRICIA
REGION CODE ADDRESS : 7793 GEORGIAN OAKS COURT
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 388,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 69.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,659,800.00
P & I AMT: 11,219.45
UPB AMT: 1,658,775.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031797244 MORTGAGORS: WOODSIDE JAMES
WOODSIDE REGINA
REGION CODE ADDRESS : 16236 WIKIUP ROAD
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,802.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.01600
----------------------------------------------------------------
0 0031797756 MORTGAGORS: RYAN JAMES
RYAN JEANETTE
REGION CODE ADDRESS : 165 SAN BUENAVENTURA WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,485.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 015
LTV : 60.60600
----------------------------------------------------------------
0 0031799018 MORTGAGORS: SCHER JEFFREY
SCHER LISA
REGION CODE ADDRESS : 1348 BOBARN DRIVE
01 CITY : PENNVALLEY
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031799166 MORTGAGORS: SANTIAGO MD SILVERIO
SANTIAGO JOAN
REGION CODE ADDRESS : 3640 MANDERVILLE CANYON ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,701.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,332.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 59.16600
----------------------------------------------------------------
0 0031799224 MORTGAGORS: CHUNG LINDA
CHUNG GREGORY
REGION CODE ADDRESS : 5319 KALEIN DRIVE
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,964.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,255,200.00
P & I AMT: 14,744.99
UPB AMT: 2,254,468.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031799703 MORTGAGORS: DURCAN ALEXIS
DURCAN MARY
REGION CODE ADDRESS : 30 WEDGEWOOD DRIVE
01 CITY : DIX HILLS
STATE/ZIP : NY 11746
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031800170 MORTGAGORS: SMITH BRADLEY
HOLT-SMITH MARILYN
REGION CODE ADDRESS : 6357 HEATHERSTONE COURT
01 CITY : SUN PRAIRIE
STATE/ZIP : WI 53590
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,648.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031800378 MORTGAGORS: BIVINS MICHAEL
BIVINS DONNA
REGION CODE ADDRESS : 29242 STILLWATER
01 CITY : FARMINGTON HILLS
STATE/ZIP : MI 48334
MORTGAGE AMOUNT : 243,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,821.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031800907 MORTGAGORS: BURDZINSKI BRIAN
BURDZINSKI ROSALYNN
REGION CODE ADDRESS : 2292 RUTLAND PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,735.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.77011
----------------------------------------------------------------
0 0031801491 MORTGAGORS: WU TOM
LAI HELEN
REGION CODE ADDRESS : 2851 SHAKESPEARE DRIVE
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,670.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,104.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,802,800.00
P & I AMT: 12,387.98
UPB AMT: 1,800,875.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031802077 MORTGAGORS: COHEN STEVE
COHEN LORI
REGION CODE ADDRESS : 36630 DEVON COURT
01 CITY : WADSWORTH
STATE/ZIP : IL 60083
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 40.97200
----------------------------------------------------------------
0 0031802549 MORTGAGORS: WHALEY BRADLEY
RIVERA-WHALEY YOMAIRA
REGION CODE ADDRESS : 78 NAVESINK DRIVE
01 CITY : MONMOUTH BEACH
STATE/ZIP : NJ 07750
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031803299 MORTGAGORS: MORENO TOMMY
MORENO MARION
REGION CODE ADDRESS : 2537 VALLEJO STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 820,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 819,327.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,455.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 47.53600
----------------------------------------------------------------
0 0031803604 MORTGAGORS: CLARY SARA
KUHNS DENNIS
REGION CODE ADDRESS : 2905 DARTMOUTH ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 372,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,802.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.34565
----------------------------------------------------------------
0 0031803737 MORTGAGORS: NOBLE JOHN
NOBLE JENNIFER
REGION CODE ADDRESS : 16 STERLING ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02482
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 515,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,513.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.23000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,285,600.00
P & I AMT: 15,374.17
UPB AMT: 2,284,630.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031803786 MORTGAGORS: FABOZZI FREDERICK
REGION CODE ADDRESS : 30 ORCHARD LANE
01 CITY : COLTS NECK TWP
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,823.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 40.12700
----------------------------------------------------------------
0 0031803984 MORTGAGORS: VLIETSTRA JOHN
VLIETSTRA JEANNE
REGION CODE ADDRESS : 1384 WEST 19TH STREET
01 CITY : UPLAND
STATE/ZIP : CA 91784
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 : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031804024 MORTGAGORS: POWELL WILLIAM
REGION CODE ADDRESS : 875 COMSTOCK AVENUE, NO. 10-B;
01 CITY : LOS ANGELES,
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.11940
----------------------------------------------------------------
0 0031804065 MORTGAGORS: GIOIA ROBERT
GIOIA KAREN
REGION CODE ADDRESS : 6 DRURY LANE
01 CITY : DEMAREST
STATE/ZIP : NJ 07627
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,234.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.71200
----------------------------------------------------------------
0 0031804313 MORTGAGORS: JAMES RODERICK
JAMES MARCIA
REGION CODE ADDRESS : 3820 PURDUE STREET
01 CITY : HOUSTON
STATE/ZIP : TX 77005
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.56200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,000.00
P & I AMT: 10,502.53
UPB AMT: 1,484,802.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031804511 MORTGAGORS: IACOI JOHN
IACOI MARIANNA
REGION CODE ADDRESS : 49 MONUMENT AVENUE
01 CITY : CHARLESTOWN
STATE/ZIP : MA 02129
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 39.75700
----------------------------------------------------------------
0 0031804552 MORTGAGORS: KRUVANT FREDRIC
KRUVANT FELICIA
REGION CODE ADDRESS : 4 THAMES DRIVE
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 25.00000
----------------------------------------------------------------
0 0031805211 MORTGAGORS: COZZENS NANCY
REGION CODE ADDRESS : 18 WINDING WAY
01 CITY : WOODCLIFF LAKE
STATE/ZIP : NJ 07675
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 : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031805328 MORTGAGORS: FELDMAN EDWARD
FELDMAN PATRICIA
REGION CODE ADDRESS : 1800 UPPER RANCH ROAD
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 646,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 646,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,408.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.98019
----------------------------------------------------------------
0 0031805369 MORTGAGORS: LOWE MARCUS
KITSUWA-LOWE JANIS
REGION CODE ADDRESS : 80 HILLBROOK DRIVE
01 CITY : PORTOLA VALLEY
STATE/ZIP : CA 94028
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,270.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,224,200.00
P & I AMT: 14,951.55
UPB AMT: 2,224,200.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031805534 MORTGAGORS: ALBERTS SHEILA
REGION CODE ADDRESS : 1925 NAUTILUS STREET
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,459.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.33300
----------------------------------------------------------------
0 0031805708 MORTGAGORS: PARKER KEVIN
REGION CODE ADDRESS : 846 WESTBOURNE DRIVE NO. 1
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,766.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031805799 MORTGAGORS: HAMILTON SCOTT
REGION CODE ADDRESS : 3262 MIDVALE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,688.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,267.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.84500
----------------------------------------------------------------
0 0031805831 MORTGAGORS: KALYANASUNDARAM VENKATRAMAN
SASTRI ANURADHA
REGION CODE ADDRESS : 374 SOUTH MARY AVENUE,
01 CITY : SUNNYVALE,
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.05882
----------------------------------------------------------------
0 0031805948 MORTGAGORS: HARING RUTH
BIYIASAS PETER
REGION CODE ADDRESS : 16165 ANDREWS COURT
01 CITY : MONTE SERENO
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,795.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 37.72727
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,007,000.00
P & I AMT: 13,453.79
UPB AMT: 2,002,455.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031805955 MORTGAGORS: MARIN ROBERT
DESCHULTHESS MARIN CELESTE
REGION CODE ADDRESS : 12728 PARKYNS STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 559,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,816.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 17.21500
----------------------------------------------------------------
0 0031806086 MORTGAGORS: LAWSON JOHN
LAWSON JANETTE
REGION CODE ADDRESS : 20 NORMANDY LANE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 51.84174
----------------------------------------------------------------
0 0031806102 MORTGAGORS: HILL MICHAEL
HILL DOLORES
REGION CODE ADDRESS : 6537 FREMONT CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031806557 MORTGAGORS: AUSTIN GENE
REGION CODE ADDRESS : 13211 BRAVES DAM ROAD
01 CITY : COCKEYSVILLE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 369,480.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,480.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,520.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.45806
----------------------------------------------------------------
0 0031807480 MORTGAGORS: FERENCZY JERALD
FERENCZY ILENE
REGION CODE ADDRESS : 1840 BERKLEY MEWS
01 CITY : ATLANTA
STATE/ZIP : GA 30329
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 78.51300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,091,480.00
P & I AMT: 14,081.86
UPB AMT: 2,091,480.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031807738 MORTGAGORS: MULLINS MICHAEL
MULLINS BARBARA
REGION CODE ADDRESS : 5353 ANVIL COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,771.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.09500
----------------------------------------------------------------
0 0031807860 MORTGAGORS: SMITH GREG
SMITH DEBBIE
REGION CODE ADDRESS : 2615 FAIRFIELD STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92110
MORTGAGE AMOUNT : 383,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.89500
----------------------------------------------------------------
0 0031808678 MORTGAGORS: WRENN ROBERT
WRENN KATHY
REGION CODE ADDRESS : 8911 ALENDALE ROAD
01 CITY : RICHMOND
STATE/ZIP : VA 23229
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,689.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,614.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031809320 MORTGAGORS: FREEMAN BETTY
MILLER JACK
REGION CODE ADDRESS : 3940 MANDERVILLE CANYON ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,872.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,033.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031809460 MORTGAGORS: BUENO ALFREDO
BUENO SYLVIE
REGION CODE ADDRESS : 4020 HARTER AVENUE
01 CITY : CULVER CITY
STATE/ZIP : CA 90232
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,772,700.00
P & I AMT: 11,754.70
UPB AMT: 1,771,033.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031809916 MORTGAGORS: GRAF JAMES
GRAF MICHELLE
REGION CODE ADDRESS : 105 AVILA ROAD
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 50.49600
----------------------------------------------------------------
0 0031810013 MORTGAGORS: NUSS ROGER
WILSON KIM
REGION CODE ADDRESS : 7 OLD SUDBURY ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 365,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,495.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.01000
----------------------------------------------------------------
0 0031810070 MORTGAGORS: RATKOVICH JAMES
RATKOVICH MICHELLE
REGION CODE ADDRESS : 2029 NEW YORK DRIVE
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,635.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,960.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.49200
----------------------------------------------------------------
0 0031810831 MORTGAGORS: JAMES ROBERT
REGION CODE ADDRESS : 16651 FOUNTAIN LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031810856 MORTGAGORS: GRAY MICHAEL
HA THAO
REGION CODE ADDRESS : 424 IRON HILL STREET
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,474.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.73600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,757,800.00
P & I AMT: 11,753.62
UPB AMT: 1,757,435.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031811151 MORTGAGORS: KRUKOWSKI MARK
KRUKOWSKI CHERYL
REGION CODE ADDRESS : 11243 DEL DIABLO STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031811748 MORTGAGORS: RODIER MICHAEL
RODIER SARAH
REGION CODE ADDRESS : 24 APPLE STREET
01 CITY : ESSEX
STATE/ZIP : MA 01929
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.49600
----------------------------------------------------------------
0 0031811862 MORTGAGORS: BIDDLE RAY
BIDDLE LAURA
REGION CODE ADDRESS : 50 WAGON TRAIL
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 364,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.84000
----------------------------------------------------------------
0 0031811904 MORTGAGORS: PRADERE JOSE
ROSALES RAQUEL
REGION CODE ADDRESS : 418 CANDIA AVENUE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33134
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.09600
----------------------------------------------------------------
0 0031811920 MORTGAGORS: DICKINSON RUSSELL
DICKINSON SANDRA
REGION CODE ADDRESS : 6516 RADIANT GLEAM WAY
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,440,200.00
P & I AMT: 9,777.68
UPB AMT: 1,439,976.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031812027 MORTGAGORS: BRANDEIS GARY
BRANDEIS NANCY
REGION CODE ADDRESS : 21 NATHAN ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02459
MORTGAGE AMOUNT : 459,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,136.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99826
----------------------------------------------------------------
0 0031812399 MORTGAGORS: ALEXANDER SAMUEL
REGION CODE ADDRESS : 11421 DIANTHA COURT
01 CITY : DUNKIRK
STATE/ZIP : MD 20754
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,294.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.84800
----------------------------------------------------------------
0 0031812712 MORTGAGORS: VALENTI JOHN
VALENTI IRENE
REGION CODE ADDRESS : 329 WEDGEWOOD DRIVE
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 92.85827
----------------------------------------------------------------
0 0031812811 MORTGAGORS: JONES MICHAEL
JONES CHRISTINE
REGION CODE ADDRESS : 8364 AUDRAIN RD 443
01 CITY : RUSH HILL
STATE/ZIP : MO 65280
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,618.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,093.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031813850 MORTGAGORS: KAPPERS GARRET
DE KAPPERS MARIA
REGION CODE ADDRESS : 1135 LINDEN CIRCLE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,182.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.84200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,853,250.00
P & I AMT: 12,600.80
UPB AMT: 1,851,845.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031813934 MORTGAGORS: LIGHT PAMELA
REGION CODE ADDRESS : 507 SOUTH MARIA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 299,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,660.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.99300
----------------------------------------------------------------
0 0031813959 MORTGAGORS: BATHEJA SANJIV
BATHEJA RAJNI
REGION CODE ADDRESS : 5600 WILLOW CROSSING COURT
01 CITY : CLIFTON
STATE/ZIP : VA 22024
MORTGAGE AMOUNT : 276,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,432.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99131
----------------------------------------------------------------
0 0031813975 MORTGAGORS: CONCA NICHOLAS
CONCA BARBARA
REGION CODE ADDRESS : 62 DEER CREEK DRIVE
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,740.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 48.68900
----------------------------------------------------------------
0 0031814049 MORTGAGORS: RENNEISEN JOHN
RENNEISEN NAOMI
REGION CODE ADDRESS : 18446 CROWNSGATE CIRCLE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 305,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,943.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031814312 MORTGAGORS: PITTMAN WILLIAM
PITTMAN ANN
REGION CODE ADDRESS : 1438 COLA DRIVE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,762.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,250.00
P & I AMT: 9,935.51
UPB AMT: 1,494,538.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031814536 MORTGAGORS: SAVISKAS JUDSON
BEGOLE CHRISTINE
REGION CODE ADDRESS : 9 STANWICH ROAD
01 CITY : GREENWICH
STATE/ZIP : CT 06830
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.42800
----------------------------------------------------------------
0 0031815046 MORTGAGORS: FOLLETT ROBERT
FOLLETT NANCY
REGION CODE ADDRESS : 5154 N EAST MEADOWS DR
01 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031815087 MORTGAGORS: KNUTZEN ROBERT
KNUTZEN ROSEMARY
REGION CODE ADDRESS : 377 MESA AVENUE
01 CITY : NEWBURY PARK
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,941.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031815129 MORTGAGORS: RUEDA BENJAMIN
RUEDA PAMELA
REGION CODE ADDRESS : 8572 THE MEADOWS SOUTH
01 CITY : T/O CLARENCE
STATE/ZIP : NY 14051
MORTGAGE AMOUNT : 252,425.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,425.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 84.14100
----------------------------------------------------------------
0 0031815384 MORTGAGORS: CAMARA LIONEL
CAMARA ELIZABETH
REGION CODE ADDRESS : 1426 AUWAIKU STREET
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 306,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 72.04700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,643,825.00
P & I AMT: 10,903.87
UPB AMT: 1,643,566.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031815400 MORTGAGORS: MULLER KARL
REGION CODE ADDRESS : 2808 FORGE ROAD
01 CITY : TOANO
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,317.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031816309 MORTGAGORS: MOULTON JOSEPH
MOULTON MARY
REGION CODE ADDRESS : 1 HEMLOCK COURT
01 CITY : FREDERICKSBURG
STATE/ZIP : VA 22407
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,819.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031816846 MORTGAGORS: TEMPLE WILLIAM
TEMPLE DIANA
REGION CODE ADDRESS : 5262 PALMERA DRIVE
01 CITY : OCEANSIDE
STATE/ZIP : CA 92056
MORTGAGE AMOUNT : 240,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,994.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031816895 MORTGAGORS: TAI VINCENT
WU AMY
REGION CODE ADDRESS : 1710 FUMIA COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 322,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,069.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031816911 MORTGAGORS: DOERSAM GLEN
LEE-DOERSAM SANDRA
REGION CODE ADDRESS : 2112 SUNSPRITE DRIVE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 348,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,763.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,288.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,498,350.00
P & I AMT: 10,030.64
UPB AMT: 1,496,647.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031816952 MORTGAGORS: MEYER CHRISTOPHER
STEPHENS-MEYER KIMBERLY
REGION CODE ADDRESS : 11706 CYPRESS CANYON ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 253,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,190.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031817133 MORTGAGORS: BLANK JONATHAN
BLANK PAULA
REGION CODE ADDRESS : 20 FERRIS DRIVE
01 CITY : WEST ORANGE
STATE/ZIP : NJ 07052
MORTGAGE AMOUNT : 359,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,594.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031817141 MORTGAGORS: JONES THOMAS
JONES ELINOR
REGION CODE ADDRESS : 60 ABINGTON COURT
01 CITY : ALANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 316,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,184.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 43.32800
----------------------------------------------------------------
0 0031817570 MORTGAGORS: DOUGHTY ERWIN
REGION CODE ADDRESS : 2300 PARK RUN DRIVE
01 CITY : ARLINGTON
STATE/ZIP : TX 76016
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031817695 MORTGAGORS: MCGINN CHARLES
MCGINN CLAIRE
REGION CODE ADDRESS : 519 MONTEREY AVENUE
01 CITY : CAPITOLA
STATE/ZIP : CA 95010
MORTGAGE AMOUNT : 348,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,207.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,529,550.00
P & I AMT: 10,390.68
UPB AMT: 1,528,101.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031818396 MORTGAGORS: CHIHLAS CHRISTOPHER
CHIHLAS NATASHA
REGION CODE ADDRESS : 230 RIVER FARM DRIVE
01 CITY : EAST GREENWICH
STATE/ZIP : RI 02818
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,392.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031818412 MORTGAGORS: LOGVINOV OLEG
LOGVINOVA MARIANNA
REGION CODE ADDRESS : 27 BEACON HILL ROAD
01 CITY : EAST BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.35065
----------------------------------------------------------------
0 0031818453 MORTGAGORS: STAVROS HARRY
STAVROS MARY
REGION CODE ADDRESS : 6829 VINTAGE HIGHLANDS LANE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89110
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,796.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,589.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 49.95200
----------------------------------------------------------------
0 0031818685 MORTGAGORS: SINGH SURINDER
SINGH KAY
REGION CODE ADDRESS : 17 CALANDRIA
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031818933 MORTGAGORS: BASCHWITZ MICHAEL
BASCHWITZ LAURIE
REGION CODE ADDRESS : 80 ONEIDA AVENUE
01 CITY : CROTON-ON-HUDSON,
STATE/ZIP : NY 10520
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,778.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.71700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,600.00
P & I AMT: 9,285.15
UPB AMT: 1,372,776.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031818982 MORTGAGORS: CORCORAN ROBERT
WOODLAND FREDERICK
REGION CODE ADDRESS : 26 MAPLE STREET
01 CITY : WENHAM
STATE/ZIP : MA 01984
MORTGAGE AMOUNT : 315,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.08433
----------------------------------------------------------------
0 0031819014 MORTGAGORS: HUI DEREK
HUI KITTY
REGION CODE ADDRESS : 5400 SMOKEY MOUNTAIN WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 378,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,331.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,487.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031819147 MORTGAGORS: CROFT MARY
CROFT ELIZABETH
REGION CODE ADDRESS : 9 WATERMAN AVENUE
01 CITY : RUMSON
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,546.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031819436 MORTGAGORS: CHRISTIANSEN DEREK
BROWN STEPHANIE
REGION CODE ADDRESS : 213 W AVENIDA SAN ANTONIO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.69500
----------------------------------------------------------------
0 0031819477 MORTGAGORS: MCCARTHY JOHN
BARKLEY BARBARA
REGION CODE ADDRESS : 34300 LANTERN BAY DRIVE #101
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.63157
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,400.00
P & I AMT: 10,828.04
UPB AMT: 1,622,081.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031819576 MORTGAGORS: CASS MARLOWE
CASS MARY
REGION CODE ADDRESS : 11689 SAGEWOOD DRIVE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.86400
----------------------------------------------------------------
0 0031820327 MORTGAGORS: VIRK BALWINDER
VIRK PARAMJIT
REGION CODE ADDRESS : 3089 PAVAN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,808.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98207
----------------------------------------------------------------
0 0031820376 MORTGAGORS: RATH MARK
REGION CODE ADDRESS : 30 W 174 FORSYTHIA LANE
01 CITY : WAYNE
STATE/ZIP : IL 60184
MORTGAGE AMOUNT : 394,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,687.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.33900
----------------------------------------------------------------
0 0031820459 MORTGAGORS: FIORESI RICHARD
FIORESI MARTINE
REGION CODE ADDRESS : 748 COTTONWOOD AVENUE,
01 CITY : SOUTH SAN FRANCISCO,
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.71428
----------------------------------------------------------------
0 0031820566 MORTGAGORS: HURLEY JOHN
REGION CODE ADDRESS : 6 HAYDEN DRIVE
01 CITY : FOXBORO
STATE/ZIP : MA 02035
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,426,400.00
P & I AMT: 9,705.44
UPB AMT: 1,426,208.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031820608 MORTGAGORS: BLOCK ALAN
BLOCK PAULA
REGION CODE ADDRESS : 46 FORGE ROAD
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.27100
----------------------------------------------------------------
0 0031820640 MORTGAGORS: CIPOLLA SHERYL
CIPOLLA LONNIE
REGION CODE ADDRESS : 1930 SANTA ANITA AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,685.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,647.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.57300
----------------------------------------------------------------
0 0031820764 MORTGAGORS: PARKS RONALD
PARKS DONNA
REGION CODE ADDRESS : 55 MUSTANG COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.90300
----------------------------------------------------------------
0 0031820905 MORTGAGORS: KREY PAUL
REGION CODE ADDRESS : 32941 DANAPINE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031820988 MORTGAGORS: LEACH NEAL
CUNNINGHAM KATHLEEN
REGION CODE ADDRESS : 10805 CEDAR FOREST AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89134
MORTGAGE AMOUNT : 251,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,658.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,650.00
P & I AMT: 10,400.04
UPB AMT: 1,526,144.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031821010 MORTGAGORS: CHAN PO
CHAN MEI
REGION CODE ADDRESS : 212 WOODCLIFF BLVD,
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 251,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031821069 MORTGAGORS: ALKER GERALD
ALKER KATHLEEN
REGION CODE ADDRESS : 12285 SEMILLION BLVD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031821218 MORTGAGORS: KORT JOHN
REXROAD JENNIFER
REGION CODE ADDRESS : 13532 SANDERLING PLACE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 278,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031821234 MORTGAGORS: MCDANIELS GARRY
MCDANIELS ANNETTE
REGION CODE ADDRESS : 2683 GOLF ISLAND ROAD
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 552,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 552,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,812.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031821374 MORTGAGORS: REDING STEVEN
REDING LISA
REGION CODE ADDRESS : 3274 WEST CHENNAULT AVENUE
01 CITY : FRESNO
STATE/ZIP : CA 93711
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,522.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,744,250.00
P & I AMT: 11,664.37
UPB AMT: 1,744,022.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031821465 MORTGAGORS: MILLER JOHN
MASSARELLI WAYNE
REGION CODE ADDRESS : 1060 EAST TOPEKA STREET
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.88600
----------------------------------------------------------------
0 0031821713 MORTGAGORS: BURGESS JOHN
BURGESS TRACEY
REGION CODE ADDRESS : 1935 PORT BISHOP PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 537,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 537,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,574.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.64000
----------------------------------------------------------------
0 0031822018 MORTGAGORS: NATIONS THOMAS
NATIONS JANET
REGION CODE ADDRESS : 21791 ESTRELLA LANE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031822059 MORTGAGORS: WOODRING IRENE
REGION CODE ADDRESS : 7100 BROOKSIDE DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031822133 MORTGAGORS: NELSON MARK
REGION CODE ADDRESS : 2601 REMBRANDT PLACE
01 CITY : MODESTO
STATE/ZIP : CA 95356
MORTGAGE AMOUNT : 508,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 508,113.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,512.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,920,800.00
P & I AMT: 12,941.47
UPB AMT: 1,920,413.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031822158 MORTGAGORS: FURNISH GEOFFREY
FURNISH LISA
REGION CODE ADDRESS : 1608 GLENFIELD DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,785.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031822372 MORTGAGORS: THOMPSON DENNIS
CHIERICI NANCY
REGION CODE ADDRESS : 107 ALLYN AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 363,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,666.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,482.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031822455 MORTGAGORS: PULZONE JOSEPH
PULZONE ROBYN
REGION CODE ADDRESS : 31 EUGENE COURT
01 CITY : WESTWOOD
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031822489 MORTGAGORS: SLOANE ELLIOT
REGION CODE ADDRESS : 520 BRIGHTS LANE
01 CITY : PENLLYN
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,375.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031822885 MORTGAGORS: DIANI MICHAEL
DIANI ANN
REGION CODE ADDRESS : 16900 LORNA LANE
01 CITY : PINE GROVE
STATE/ZIP : CA 95665
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,735.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,649,550.00
P & I AMT: 11,370.75
UPB AMT: 1,648,777.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031823123 MORTGAGORS: CAVANAUGH KEVIN
CAVANAUGH DONNA
REGION CODE ADDRESS : 15568 SMITHFIELD PLACE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,663.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031823305 MORTGAGORS: NYEGAARD K.D.
NYEGAARD BARBARA
REGION CODE ADDRESS : 10323 RUE FINISTERRE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 326,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.55555
----------------------------------------------------------------
0 0031823552 MORTGAGORS: HARMS STEPHEN
HARMS FIONA
REGION CODE ADDRESS : 10600 COSTELLO DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031823826 MORTGAGORS: TINNELLY RICHARD
TINNELLY CATHY
REGION CODE ADDRESS : 27631 LOST TRAIL DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 590,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 590,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,024.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.41176
----------------------------------------------------------------
0 0031824261 MORTGAGORS: JACKSON TONY
JACKSON TONYA
REGION CODE ADDRESS : 4649 LIONSHEAD CIRCLE
01 CITY : LITHONIA
STATE/ZIP : GA 30038
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,788.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,853,500.00
P & I AMT: 12,452.08
UPB AMT: 1,852,952.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031824402 MORTGAGORS: SYME JAMES
SYME PHYLLIS
REGION CODE ADDRESS : 13501 OVER RIDGE COURT
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031824634 MORTGAGORS: GEADA JOAO
GEADA NICOLE
REGION CODE ADDRESS : 66 MILL ROAD
01 CITY : CHELMSFORD
STATE/ZIP : MA 01824
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.88700
----------------------------------------------------------------
0 0031824873 MORTGAGORS: JOHNSON PAUL
JOHNSON MARION
REGION CODE ADDRESS : 1214 WIND STAR WAY
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 323,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,640.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031824964 MORTGAGORS: DONNELLY ANDREW
SMILEY SARAH
REGION CODE ADDRESS : 2600 SLOW TURTLE COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.24867
----------------------------------------------------------------
0 0031825003 MORTGAGORS: SCHURR ALLAN
SCHURR KRISTEN
REGION CODE ADDRESS : 103 PINNACLE RIDGE COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 402,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,115.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,882.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,300.00
P & I AMT: 10,698.78
UPB AMT: 1,573,756.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031825904 MORTGAGORS: MC CORMICK SAMUEL
REGION CODE ADDRESS : 853 COTTAGE RUN ROAD
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,651.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 54.60526
----------------------------------------------------------------
0 0031825912 MORTGAGORS: DEL MUNDO ANGELITO
DEL MUNDO MYLNA
REGION CODE ADDRESS : 6071 CADDINGTON ROW
01 CITY : LA JOLLA,
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 455,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,986.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98200
----------------------------------------------------------------
0 0031826092 MORTGAGORS: WALKER DANIEL
WALKER MAUREEN
REGION CODE ADDRESS : 16 CALLE AMENO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 753,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 753,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,200.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 79.26300
----------------------------------------------------------------
0 0031826217 MORTGAGORS: BOBBER BERNARD
BOBBER JOYCE
REGION CODE ADDRESS : 3611 WEST MULBERRY DRIVE
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031826258 MORTGAGORS: BRIEGER KELLY
BRIEGER BENJAMIN
REGION CODE ADDRESS : 595 MOREY DR
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,634.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,371,300.00
P & I AMT: 16,330.96
UPB AMT: 2,369,834.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031826415 MORTGAGORS: MARTIN KEVIN
MARTIN ALICIA
REGION CODE ADDRESS : 3836 CALLE JAZMIN
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 269,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,200.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.99200
----------------------------------------------------------------
0 0031826431 MORTGAGORS: DEEM STEVEN
REGION CODE ADDRESS : 8761 ARBOR STREET
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 240,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.96100
----------------------------------------------------------------
0 0031826480 MORTGAGORS: SMITH BRETT
SMITH TAMI
REGION CODE ADDRESS : 15 FAIRLANE ROAD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 382,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,709.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,638.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.58333
----------------------------------------------------------------
0 0031826860 MORTGAGORS: SCHWARTZ DOUGLAS
SCHWARTZ MICHELE
REGION CODE ADDRESS : 3175 PATTY COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,597.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.87300
----------------------------------------------------------------
0 0031826886 MORTGAGORS: SCHWENK KURT
BORUSZEWSKI MICHAEL
REGION CODE ADDRESS : 112 MONTCALM STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,438.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.84900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,100.00
P & I AMT: 10,307.45
UPB AMT: 1,506,407.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031826902 MORTGAGORS: GOLDEN MARK
GOLDEN LENORE
REGION CODE ADDRESS : 27504 BERKSHIRE HILLS PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.61500
----------------------------------------------------------------
0 0031826977 MORTGAGORS: ERLANGER BERNARD
REGION CODE ADDRESS : 5326 ETHEL AVENUE
01 CITY : CITY OF LOS ANGELES
STATE/ZIP : CA 91401
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.95699
----------------------------------------------------------------
0 0031827181 MORTGAGORS: BELAU MATTHEW
REGION CODE ADDRESS : 11641 CYPRESS CANYON ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 309,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,440.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031827207 MORTGAGORS: WELCH THOMAS
REGION CODE ADDRESS : 2040 FRANKLIN STREET #901
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94109
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,745.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.27600
----------------------------------------------------------------
0 0031827215 MORTGAGORS: LUNI EUGENE
LUNI LOUISE
REGION CODE ADDRESS : 11671 CYPRESS CANYON ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 343,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,414.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,900.00
P & I AMT: 10,381.78
UPB AMT: 1,526,379.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031827306 MORTGAGORS: SCHNEIDER ROY
SCHNEIDER LYNN
REGION CODE ADDRESS : 1021 SUNNYCREST AVEUNE
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 291,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.84600
----------------------------------------------------------------
0 0031827348 MORTGAGORS: MAR PHILIP
MAR MONICA
REGION CODE ADDRESS : 2270 PASEO SAUCEDAL
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 255,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,279.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.99500
----------------------------------------------------------------
0 0031827504 MORTGAGORS: DAVIS STEVEN
DAVIS ANNA
REGION CODE ADDRESS : 895 WESTON HILLS DRIVE
01 CITY : BROOKFIELD
STATE/ZIP : WI 53045
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,190.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.94600
----------------------------------------------------------------
0 0031827637 MORTGAGORS: FRODL WILLIAM
FRODL SUSAN
REGION CODE ADDRESS : 17680 PARISH DRIVE
01 CITY : BROOKFIELD
STATE/ZIP : WI 53045
MORTGAGE AMOUNT : 244,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,817.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.41600
----------------------------------------------------------------
0 0031827678 MORTGAGORS: BUTLER IMANI
BUTLER LESLIE
REGION CODE ADDRESS : 9132 EL VERANO WAY
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 313,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,959.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,366,850.00
P & I AMT: 9,231.95
UPB AMT: 1,365,147.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031827694 MORTGAGORS: HYUN KWANGIK
KIM MINSUG
REGION CODE ADDRESS : 1431 BRIARBERRY LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 317,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,227.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031827975 MORTGAGORS: NOORY MICHAEL
NOORY ROYA
REGION CODE ADDRESS : 6508 TERRY DRIVE
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22150
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,597.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031828189 MORTGAGORS: AUSTIN JOHN
SMALLEY JACQUELINE
REGION CODE ADDRESS : 5920 ROSS STREET
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 975,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 975,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,651.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 65.00000
----------------------------------------------------------------
0 0031828411 MORTGAGORS: COLABELLO VINCENT
COLABELLO GAIL
REGION CODE ADDRESS : 433 CAPTAINS WALK
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031828569 MORTGAGORS: PIFER JAMES
PIFER PATRICIA
REGION CODE ADDRESS : 16209 SIX OAKS DRIVE
01 CITY : FORT WAYNE
STATE/ZIP : IN 46845
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,214.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 11/01/18
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 68.18181
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,144,150.00
P & I AMT: 14,694.81
UPB AMT: 2,143,424.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031828924 MORTGAGORS: ANDAYA REYNALDO
ANDAYA LOLITA
REGION CODE ADDRESS : 3573 ESTATE VIEW CT.
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.66600
----------------------------------------------------------------
0 0031829005 MORTGAGORS: RICE ZAINE
REGION CODE ADDRESS : 938 12TH STREET #101
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,021.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031829104 MORTGAGORS: WALLER DONALD
REGION CODE ADDRESS : 411 AMHERST DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.62686
----------------------------------------------------------------
0 0031829112 MORTGAGORS: ROBERTSON PETER
ROBERTSON DIANA
REGION CODE ADDRESS : 1969 PORT DUNLEIGH CIRCLE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,162.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031829179 MORTGAGORS: KRAFT BRADLEY
BAKER MARY
REGION CODE ADDRESS : 10162 THESEUS DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 328,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,174.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,157.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,953,450.00
P & I AMT: 12,788.93
UPB AMT: 1,953,174.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031829187 MORTGAGORS: WANG JOHN
LU XUN
REGION CODE ADDRESS : 574 KINGS ROAD
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.51000
----------------------------------------------------------------
0 0031829286 MORTGAGORS: GANGER GARY
GANGER JULIE
REGION CODE ADDRESS : 4 MARIPOSA
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,749.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.40200
----------------------------------------------------------------
0 0031829294 MORTGAGORS: ZELEK MARK
REGION CODE ADDRESS : 325 ROSWELL AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.71232
----------------------------------------------------------------
0 0031829377 MORTGAGORS: JEFFERY DAVID
JEFFERY ANITA
REGION CODE ADDRESS : 1042 EAST AMELIA DRIVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,350.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.40000
----------------------------------------------------------------
0 0031829393 MORTGAGORS: FARID SAMY
FARID WAFAA
REGION CODE ADDRESS : 6 NORTHSTAR #207
01 CITY : LOS ANGELES
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,716.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,625,000.00
P & I AMT: 10,978.27
UPB AMT: 1,623,604.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031829401 MORTGAGORS: PIGG WILLIAM
MERRIAM ROBIN
REGION CODE ADDRESS : 3002 PARK ESTATES WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031829971 MORTGAGORS: JAMES JASON
JAMES THERESA
REGION CODE ADDRESS : 24412 FIRENZE PLACE
01 CITY : (VALENCIA AREA) SANTA CLA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.96644
----------------------------------------------------------------
0 0031830003 MORTGAGORS: VINOKUROV ALFRED
JACOBSON EUGENIA
REGION CODE ADDRESS : 11702 CYPRESS CANYON ROAD,
01 CITY : SAN DIEGO,
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 298,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,809.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031830375 MORTGAGORS: LAURSEN THOMAS
LAURSEN MICHELE
REGION CODE ADDRESS : 6651 NORTH PASEO DE LOS ALTOS
01 CITY : TUCSON
STATE/ZIP : AZ 85704
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031830748 MORTGAGORS: HUSSAIN SUHEEL
HUSSAIN SEEMA
REGION CODE ADDRESS : 5712 GLENFIDDICH WAY
01 CITY : RALEIGH
STATE/ZIP : NC 27613
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,403,750.00
P & I AMT: 9,366.45
UPB AMT: 1,403,259.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031830789 MORTGAGORS: SEUFERT KEVIN
SEUFERT LISA
REGION CODE ADDRESS : 1409 CHESTNUT LANE
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,808.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.38400
----------------------------------------------------------------
0 0031830847 MORTGAGORS: MILLER FRANK
MILLER CATHERINE
REGION CODE ADDRESS : 679 UNIVERSITY AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 545,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 43.95100
----------------------------------------------------------------
0 0031830953 MORTGAGORS: GOLDFLAM SCOTT
GOLDFLAM DEBORAH
REGION CODE ADDRESS : 22460 DARDENNE STREET
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,323.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031830979 MORTGAGORS: BARTO JOSEPH
BARTO PATRICIA
REGION CODE ADDRESS : 3 ROGERS LANE
01 CITY : POQUOSON
STATE/ZIP : VA 23662
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,784.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.80700
----------------------------------------------------------------
0 0031831001 MORTGAGORS: MIKULA CHARLES
MIKULA MARJORIE
REGION CODE ADDRESS : 2521 NATHANIELL POWELL ROAD
01 CITY : JAMES CITY
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,747.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,600.00
P & I AMT: 11,247.64
UPB AMT: 1,687,664.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031831050 MORTGAGORS: LIN CHING-HSING
TAN SHAO-JU
REGION CODE ADDRESS : 5823 AMAPOLA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,860.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.49100
----------------------------------------------------------------
0 0031831092 MORTGAGORS: KAN JIAXI
FAN JING
REGION CODE ADDRESS : 3319 LA COSTA WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031831118 MORTGAGORS: WUCHITECH ROY
RENO ELIZABETH
REGION CODE ADDRESS : 1322 ONTARIO AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91103
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,706.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031831159 MORTGAGORS: BRAUN KEVIN
REED LAUREN
REGION CODE ADDRESS : 70 ROCKROSE STREET
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.05500
----------------------------------------------------------------
0 0031831175 MORTGAGORS: OLINGER R.
LARROWE STEPHANIE
REGION CODE ADDRESS : 1532 NORTH COLUMBUS AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,501.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,250.00
P & I AMT: 11,445.49
UPB AMT: 1,715,001.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031831316 MORTGAGORS: WENOKUR BRUCE
WENOKUR KATHRYN
REGION CODE ADDRESS : 35360 STRATTON HILLS CT
01 CITY : FARMINGTON HILLS
STATE/ZIP : MI 48331
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,334.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031831514 MORTGAGORS: PUETZ MICHAEL
REGION CODE ADDRESS : 16428 MASON STREET
01 CITY : OMAHA
STATE/ZIP : NE 68118
MORTGAGE AMOUNT : 257,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,766.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.51300
----------------------------------------------------------------
0 0031831720 MORTGAGORS: ADAMS LON
ADAMS SHARI
REGION CODE ADDRESS : 17 SILVERFERN
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031831753 MORTGAGORS: OUIMET JAMES
OUIMET MARGARET
REGION CODE ADDRESS : 7852 PASEO TULIPERO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 281,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,710.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031831845 MORTGAGORS: BRINK STEPHEN
BRINK NORMA
REGION CODE ADDRESS : 307 EAST WAYFARER LANE
01 CITY : APPLETON
STATE/ZIP : WI 54915
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,866.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,434,600.00
P & I AMT: 9,798.15
UPB AMT: 1,432,405.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031831894 MORTGAGORS: CARLSON KEVIN
CARLSON PATRICIA
REGION CODE ADDRESS : 9223 WYNDHAM HILLS COURT
01 CITY : FRANKLIN
STATE/ZIP : WI 53132
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,516.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.17300
----------------------------------------------------------------
0 0031831951 MORTGAGORS: PREST SUSAN
PREST JAMES
REGION CODE ADDRESS : 3444 LAKE MENDOTA DRIVE
01 CITY : MADISON
STATE/ZIP : WI 53705
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,374.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.27100
----------------------------------------------------------------
0 0031832041 MORTGAGORS: RYAN R
REGION CODE ADDRESS : 110 GOLDEN EAGLE COURT
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,595.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031832231 MORTGAGORS: LILLIE DOUGLAS
SIEGEL LINDA
REGION CODE ADDRESS : 1541 EAST CHATEAU PLACE
01 CITY : WHITEFISH BAY
STATE/ZIP : WI 53217
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,513.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031832272 MORTGAGORS: SULLIVAN DOUGLAS
SULLIVAN JEAN
REGION CODE ADDRESS : 202 E. OLD ELM ROAD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,550.00
P & I AMT: 10,839.14
UPB AMT: 1,589,999.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031832447 MORTGAGORS: SMITH BRIAN
SMITH DEBRA
REGION CODE ADDRESS : W307 N1611 SHADOWOOD POINT
01 CITY : DELAFIELD
STATE/ZIP : WI 53018
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.23000
----------------------------------------------------------------
0 0031832504 MORTGAGORS: PAULEY KENNETH
REGION CODE ADDRESS : 1085 MICHIGAN AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,703.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031832637 MORTGAGORS: PAE SHIN
PAE BOKSIL
REGION CODE ADDRESS : 1434 VERD OAKS DR.
01 CITY : GLENDALE
STATE/ZIP : CA 91205
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,292.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031832777 MORTGAGORS: LIU KENNETH
HUNG TINA
REGION CODE ADDRESS : 120 PLUMAS COURT
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.84293
----------------------------------------------------------------
0 0031832819 MORTGAGORS: WAGNER DANIEL
WAGNER KAREN
REGION CODE ADDRESS : 103 CANTON TERRACE
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.62600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,500.00
P & I AMT: 10,430.12
UPB AMT: 1,534,746.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031832843 MORTGAGORS: BERMAN BRADLEY
BERMAN JANE
REGION CODE ADDRESS : 5429 COLUMBUS AVENUE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91411
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031832900 MORTGAGORS: CHERRY DAVID
CHERRY DEIDRE
REGION CODE ADDRESS : 17060 SUNBURST STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.98100
----------------------------------------------------------------
0 0031832918 MORTGAGORS: MCCLENDON MERLE
BROWN SCOTT
REGION CODE ADDRESS : 5119 RAFTON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,292.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.80000
----------------------------------------------------------------
0 0031833023 MORTGAGORS: DUSETT WILLIAM
DUSETT MARLENE
REGION CODE ADDRESS : 27 MCLEAN STREET
01 CITY : WELLESLEY
STATE/ZIP : MA 02481
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,733.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.98039
----------------------------------------------------------------
0 0031833106 MORTGAGORS: SPARKS HAYWARD
SPARKS KAREN
REGION CODE ADDRESS : 2362 ALDER COURT
01 CITY : ANN ARBOR
STATE/ZIP : MI 48103
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,141.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.43600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,500.00
P & I AMT: 10,257.69
UPB AMT: 1,532,167.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031833122 MORTGAGORS: FOETZSCH KLAUS
FOETZSCH GABRIELLE
REGION CODE ADDRESS : 4340 EAST THIRD AVENUE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,113.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0031833288 MORTGAGORS: MEDLAND GERALD
MEDLAND MARY
REGION CODE ADDRESS : 440 HILLSIDE ROAD
01 CITY : SAN JUAN BAUTISTA
STATE/ZIP : CA 95045
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,794.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.89700
----------------------------------------------------------------
0 0031833296 MORTGAGORS: MOOSA ABDOOL
MOOSA FATIMA
REGION CODE ADDRESS : 615 EUCLID STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 604,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 604,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,171.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.02800
----------------------------------------------------------------
0 0031833437 MORTGAGORS: DANG PHONG
DANG VU
REGION CODE ADDRESS : 1722 FUMIA COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,390.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
0 0031833841 MORTGAGORS: ONWUKEME CHIMA
REGION CODE ADDRESS : 815 WESLEY OAKS ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30328
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 595,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,859.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,307,000.00
P & I AMT: 15,343.85
UPB AMT: 2,306,184.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031833890 MORTGAGORS: CORPUZ RUSS
CORPUZ LUALHATI
REGION CODE ADDRESS : 35935 TOZIER STREET
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,801.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031833973 MORTGAGORS: MALIN LEONARD
REGION CODE ADDRESS : 29752 IVY GLEN DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.48648
----------------------------------------------------------------
0 0031834088 MORTGAGORS: LUCATORTO PATRICK
REGION CODE ADDRESS : 48 EAST BOULDER CREEK ROAD
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 309,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031834443 MORTGAGORS: ST. JOHN JEFFRE
ST. JOHN LINDA
REGION CODE ADDRESS : 4152 PIKE HOLLOW PLACE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,370.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.35135
----------------------------------------------------------------
0 0031834492 MORTGAGORS: BERTSCH JOHN
BERTSCH GAYLE
REGION CODE ADDRESS : 3202 EAST OJAI AVENUE
01 CITY : OJAI AREA
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,662.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,181.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,500.00
P & I AMT: 10,903.59
UPB AMT: 1,601,734.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031835515 MORTGAGORS: FANELLA JOYCE
FANELLA DANETTE
REGION CODE ADDRESS : 11595 NORTHDALE DRIVE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031835523 MORTGAGORS: DEFAZIO CHRISTIAN
DEFAZIO CATHRYN
REGION CODE ADDRESS : 1 CERAMIA
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,299.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.20100
----------------------------------------------------------------
0 0031835697 MORTGAGORS: DANIEL SCOTT
DANIEL BETH
REGION CODE ADDRESS : 1020 SOUTH MILES COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 269,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,840.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.88311
----------------------------------------------------------------
0 0031835887 MORTGAGORS: AQUINO PERFECTO
AQUINO ZENAIDA
REGION CODE ADDRESS : 34513 WINDFLOWER LANE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 290,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031835952 MORTGAGORS: LAM PUI
REGION CODE ADDRESS : 1219 FM 2234
01 CITY : MISSOURI CITY
STATE/ZIP : TX 77489
MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,026.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,393,150.00
P & I AMT: 9,493.66
UPB AMT: 1,392,110.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031835986 MORTGAGORS: GUILLOT BRYAN
GUILLOT LINDA
REGION CODE ADDRESS : 9966 KILGORE ROAD
01 CITY : ORLANDO
STATE/ZIP : FL 32826
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 : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031836208 MORTGAGORS: GEDIMAN PETER
GEDIMAN DEBORAH
REGION CODE ADDRESS : 72 STONEY POINT
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.34200
----------------------------------------------------------------
0 0031836216 MORTGAGORS: STEELE WILLIAM
STEELE WENDI
REGION CODE ADDRESS : 8039 NORTH PARK STREET
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 352,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.30 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 79.96600
----------------------------------------------------------------
0 0031836240 MORTGAGORS: HIERL H.
HIERL MARY
REGION CODE ADDRESS : N5262 CLUB DENEVEU DRIVE
01 CITY : FOND DU LAC
STATE/ZIP : WI 54935
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,540.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.13300
----------------------------------------------------------------
0 0031836299 MORTGAGORS: OBREGON LUIS
OBREGON CLARA
REGION CODE ADDRESS : 14711 112TH STREET NE
01 CITY : GRANITE FALLS
STATE/ZIP : WA 98252
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,780.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,700.00
P & I AMT: 10,190.58
UPB AMT: 1,523,532.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031836364 MORTGAGORS: STELLA MICHAEL
STELLA CHERYL
REGION CODE ADDRESS : 435 LEDGEWOOD DRIVE
01 CITY : FOND DU LAC
STATE/ZIP : WI 54935
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,787.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.57800
----------------------------------------------------------------
0 0031836398 MORTGAGORS: ELLIOTT MARTIN
WATSON KATHRYN
REGION CODE ADDRESS : 520 OREGON STREET
01 CITY : EL SEGUNDO STREET
STATE/ZIP : CA 90245
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031836448 MORTGAGORS: PALMER RICHARD
REGION CODE ADDRESS : 411 WEST DANA STREET
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94041
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 54.30100
----------------------------------------------------------------
0 0031836513 MORTGAGORS: ESPERANZA ROBERT
ESPERANZA LILY
REGION CODE ADDRESS : 1481 FERGUSON WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.82278
----------------------------------------------------------------
0 0031836547 MORTGAGORS: O'DONNELL MICHAEL
O'DONNELL KRISTINA
REGION CODE ADDRESS : 11204 LUXMANOR ROAD
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.78600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,200.00
P & I AMT: 9,197.83
UPB AMT: 1,374,987.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031836687 MORTGAGORS: MICHIELS THOMAS
MICHIELS MAIRIN
REGION CODE ADDRESS : 174 TOURMALINE AVENUE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031836695 MORTGAGORS: CLUTARIO REYNALDO
CLUTARIO FELICITAS
REGION CODE ADDRESS : 19927 AHWANEE LANE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.10400
----------------------------------------------------------------
0 0031836737 MORTGAGORS: BERNSTEIN JOHN
MONAHAN MARGARET
REGION CODE ADDRESS : 10517 ADEL ROAD
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 259,585.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,585.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.36900
----------------------------------------------------------------
0 0031836760 MORTGAGORS: PRIMER JONATHAN
PRIMER ANDREA
REGION CODE ADDRESS : 669 DETAMBLE AVENUE
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.79790
----------------------------------------------------------------
0 0031836786 MORTGAGORS: MANN JERRY
REGION CODE ADDRESS : 14000 OAK VALLEY ROAD
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,113.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,748,085.00
P & I AMT: 11,542.41
UPB AMT: 1,748,085.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031836935 MORTGAGORS: DRYER JOSEPH
DRYER LORI
REGION CODE ADDRESS : 5 WINCHIP ROAD
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031836992 MORTGAGORS: ARNOLD ERIC
ARNOLD LISA
REGION CODE ADDRESS : 13 ROLLER ROAD EAST
01 CITY : OCEAN TWP
STATE/ZIP : NJ 07712
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.86300
----------------------------------------------------------------
0 0031837297 MORTGAGORS: RIGAUD-ECHOLS SHIRLEY
ECHOLS NATHAN
REGION CODE ADDRESS : 18 NATALE DRIVE
01 CITY : SPARTA TOWNSHIP
STATE/ZIP : NJ 07871
MORTGAGE AMOUNT : 409,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,690.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031837826 MORTGAGORS: GROSE JIMMY
GROSE STACEY
REGION CODE ADDRESS : 3616 CALIFORNIA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031837974 MORTGAGORS: STRYKER SCOTT
STRYKER DEBRA
REGION CODE ADDRESS : 4524 GUAVA AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,100.00
P & I AMT: 10,578.25
UPB AMT: 1,567,850.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031838188 MORTGAGORS: PANCOAST STEVEN
PANCOAST DOROTHY
REGION CODE ADDRESS : 6571 LEYLAND PARK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 68.46800
----------------------------------------------------------------
0 0031838345 MORTGAGORS: BAINS BALRAJ
BAINS JASWINDER
REGION CODE ADDRESS : 34473 VALLEY OAKS LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 318,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,900.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031838592 MORTGAGORS: MARCELO SAMUEL
MARCELO RACHEL
REGION CODE ADDRESS : 12126 SHADOW RIDGE WAY
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,773.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.23000
----------------------------------------------------------------
0 0031838675 MORTGAGORS: NICDAO NOLAND-MIGUEL
NICDAO MARIA-CARIDAD
REGION CODE ADDRESS : 163 SHIPLEY AVENUE
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,778.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031838741 MORTGAGORS: ZUCKERMAN KENNETH
ZUCKERMAN CHARLENE
REGION CODE ADDRESS : 6 ALTA HILLS WAY
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 805,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 805,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,423.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 44.72222
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,057,450.00
P & I AMT: 13,666.18
UPB AMT: 2,056,452.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031838873 MORTGAGORS: NELSON SCOTT
REGION CODE ADDRESS : 360 HIGH DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 463,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,197.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.10145
----------------------------------------------------------------
0 0031839145 MORTGAGORS: KINGSTON MICHAEL
KINGSTON ROBYN
REGION CODE ADDRESS : 8 DRAYTON PLACE
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 88.95500
----------------------------------------------------------------
0 0031839194 MORTGAGORS: BUCKINGHAM JEFFREY
BUCKINGHAM ERIN
REGION CODE ADDRESS : 9142 COLBREGGAN DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.82000
----------------------------------------------------------------
0 0031839392 MORTGAGORS: SCHWARTZ RHONDA
SCHWARTZ JAMES
REGION CODE ADDRESS : 21727 CIMARRON ROAD
01 CITY : ELKHORN
STATE/ZIP : NE 68022
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,790.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031839434 MORTGAGORS: FISHER LILLIAN
REGION CODE ADDRESS : 315 N, SWALL DR. #301
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90211
MORTGAGE AMOUNT : 350,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,390.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,400.00
P & I AMT: 10,957.19
UPB AMT: 1,620,190.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031839459 MORTGAGORS: FERGERSON RICK
FERGERSON LAURA
REGION CODE ADDRESS : 2737 ESSEX PLACE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031839582 MORTGAGORS: KRESS DAVID
KRESS DEANNA
REGION CODE ADDRESS : 9338 SPINDLE TOP COURT
01 CITY : FRANKLIN
STATE/ZIP : WI 53132
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,381.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031839590 MORTGAGORS: LUDOLFF BRADLEY
LUDOLFF KELLY
REGION CODE ADDRESS : 3308 56TH AVENUE SOUTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,531.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031839608 MORTGAGORS: NORING PAUL
NORING RUTH
REGION CODE ADDRESS : 29302 CROWN RIDGE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031839624 MORTGAGORS: DUCKER JAMES
DUCKER SALLY
REGION CODE ADDRESS : 11209 ZENAIDA WAY
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93311
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.72000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,634,000.00
P & I AMT: 11,078.48
UPB AMT: 1,632,913.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031839632 MORTGAGORS: LERNER DANIEL
LERNER ALYSON
REGION CODE ADDRESS : 1515 SOUTH CANFIELD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.25600
----------------------------------------------------------------
0 0031839640 MORTGAGORS: HARALD STEPHEN
HARALD DEBRA
REGION CODE ADDRESS : 372 WOODSIDE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031839731 MORTGAGORS: CUTRI JAMES
CUTRI SUSAN
REGION CODE ADDRESS : 1824-1826 SOMERSET AVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031839806 MORTGAGORS: ESTEP JAY
ESTEP JANET
REGION CODE ADDRESS : 25286 ABILENE COURT
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,028.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.42857
----------------------------------------------------------------
0 0031839814 MORTGAGORS: SANDOVAL DEMECIO
BROWNFIELD-SANDOVAL TRACY
REGION CODE ADDRESS : 8 SYCAMORE CANYON DRIVE
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 259,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.62200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,597,300.00
P & I AMT: 11,026.80
UPB AMT: 1,597,300.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031839889 MORTGAGORS: COSTLEY CHRISTOPHER
REGION CODE ADDRESS : 422 GRACELAND DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 320,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.19753
----------------------------------------------------------------
0 0031839905 MORTGAGORS: POLYAKOV VLADIMIR
POLYAKOV INNA
REGION CODE ADDRESS : 23730 PARK BELMONTE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 386,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.62000
----------------------------------------------------------------
0 0031839913 MORTGAGORS: STARK GORDON
KEEFER LINDA
REGION CODE ADDRESS : 12542 HORTENSE STREET
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,004.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.11400
----------------------------------------------------------------
0 0031840051 MORTGAGORS: FROELICH SCOTT
FROELICH ANNETTE
REGION CODE ADDRESS : 7045 CORTE DEL ORO
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.57400
----------------------------------------------------------------
0 0031840085 MORTGAGORS: DORST CHRISTOPHER
DORST MARYBETH
REGION CODE ADDRESS : 1228 BELLAIR WAY
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,705.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.87600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,010,150.00
P & I AMT: 13,634.24
UPB AMT: 2,010,150.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031840184 MORTGAGORS: TIVEY STEVEN
TIVEY KELLY
REGION CODE ADDRESS : 41 ELMWOOD DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 327,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031840192 MORTGAGORS: KUHN ROSEMARY
RAIYAWA FILIMONI
REGION CODE ADDRESS : 270 MORAGA WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031840325 MORTGAGORS: WALKER GWEN
REGION CODE ADDRESS : 29471 LAKE VISTA DRIVE
01 CITY : AGOURA HILLS (AREA)
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,882.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031840382 MORTGAGORS: MALLIN JULIAN
REGION CODE ADDRESS : 10140 THREE ARCHES CIRCLE,
01 CITY : VILLA PARK,
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.67033
----------------------------------------------------------------
0 0031840390 MORTGAGORS: LEE SHAWN
REGION CODE ADDRESS : 2837 WESTBOURNE PLACE
01 CITY : ROWLAND HEIGHTS AREA
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,600.00
P & I AMT: 10,673.28
UPB AMT: 1,647,600.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031840507 MORTGAGORS: NAKAHARA EARL
NAKAHARA CYNTHIA
REGION CODE ADDRESS : 513 NEELY COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 512,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,406.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.83000
----------------------------------------------------------------
0 0031840531 MORTGAGORS: WRENSEN RICHARD
CUMBELICH CHRISTINE
REGION CODE ADDRESS : 6 PARKSIDE DRIVE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031840580 MORTGAGORS: ROPER ROBERT
ROPER BOBI
REGION CODE ADDRESS : 21 MARISOL
01 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 61.06870
----------------------------------------------------------------
0 0031840598 MORTGAGORS: WADE JEANNIE
WADE DAVID
REGION CODE ADDRESS : 806 ARLINGTON CIRCLE
01 CITY : RICHMOND
STATE/ZIP : VA 23229
MORTGAGE AMOUNT : 285,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.86700
----------------------------------------------------------------
0 0031840606 MORTGAGORS: BLOOM ELLIOTT
BLOOM LISA
REGION CODE ADDRESS : 270 BLARRITZ COURT
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 449,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,028.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.08900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,027,300.00
P & I AMT: 13,466.73
UPB AMT: 2,027,300.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031840614 MORTGAGORS: BRAKAS JAMES
BRAKAS LORIE
REGION CODE ADDRESS : 1580 GASCONY ROAD
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 265,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 58.93300
----------------------------------------------------------------
0 0031840648 MORTGAGORS: VAN DE VELDE ERIC
REGION CODE ADDRESS : 395 SAN JUAN PLACE
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,797.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.48484
----------------------------------------------------------------
0 0031840689 MORTGAGORS: VAN TAMELEN DIRK
VAN TAMELEN KATHERINE
REGION CODE ADDRESS : 862 PLEASANT DALE PLACE
01 CITY : WESTLAKE VILLAGE AREA
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,699.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.03800
----------------------------------------------------------------
0 0031840697 MORTGAGORS: SNYDER SETH
SNYDER SUZANNE
REGION CODE ADDRESS : 22936 DOLOROSA STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,774.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.05263
----------------------------------------------------------------
0 0031840721 MORTGAGORS: ALLEN JAMES
ALLEN IMELDA
REGION CODE ADDRESS : 13230 ACLARE STREET
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,262.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.80200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,480,700.00
P & I AMT: 9,918.64
UPB AMT: 1,479,734.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031840853 MORTGAGORS: LUFKIN ROBERT
REGION CODE ADDRESS : 12961 MULHOLLAND DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 397,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,990.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,710.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.75714
----------------------------------------------------------------
0 0031840879 MORTGAGORS: SLEAD STEVEN
SLEAD TRACEY
REGION CODE ADDRESS : 13361 LAURINDA WAY
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,799.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.42800
----------------------------------------------------------------
0 0031840903 MORTGAGORS: POZZUOLI PETER
POZZUOLI DANA
REGION CODE ADDRESS : 459 EAST NINETEENTH STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,753.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.97400
----------------------------------------------------------------
0 0031840937 MORTGAGORS: SHIH DAHNING
SHIH MOLLY
REGION CODE ADDRESS : 19050 BRITTANY PLACE
01 CITY : ROWLAND HEIGHTS AREA
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031840978 MORTGAGORS: HAMPEL MARIZEN
HAMPEL BERND
REGION CODE ADDRESS : 115 CALLE DE ANDALUCIA
01 CITY : TORRANCE
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,785.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.35200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,551,300.00
P & I AMT: 10,527.24
UPB AMT: 1,550,328.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031840986 MORTGAGORS: MARK DAVID
MARK SHARI
REGION CODE ADDRESS : 32141 MILL STREAM ROAD
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 283,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,672.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.71052
----------------------------------------------------------------
0 0031841000 MORTGAGORS: SCHLUP PATRICK
SCHLUP TOBY
REGION CODE ADDRESS : 9 CENTAURUS
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 361,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,718.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,462.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.48100
----------------------------------------------------------------
0 0031841109 MORTGAGORS: COBLE KEITH
COBLE VICKI
REGION CODE ADDRESS : 7078 QUITO COURT
01 CITY : CAMARILLO AREA
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 466,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,636.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,178.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.56000
----------------------------------------------------------------
0 0031841133 MORTGAGORS: COLEMAN CRAIG
MAC ISAAC MARY
REGION CODE ADDRESS : 1660 MALCOLM AVENUE UNIT 6
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,789.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.14200
----------------------------------------------------------------
0 0031841158 MORTGAGORS: CLOUSER MICHAEL
CLOUSER REBECCA
REGION CODE ADDRESS : 411 WEST MANCHESTER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90293
MORTGAGE AMOUNT : 354,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,523.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,420.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.07583
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,700.00
P & I AMT: 11,887.85
UPB AMT: 1,741,340.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031841174 MORTGAGORS: BOLAND BRUCE
BOLAND TERRY
REGION CODE ADDRESS : 849 NORTH SWEETZER AVENUE # 3
01 CITY : CITY OF WEST HOLLYWOOD
STATE/ZIP : CA 90069
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031841190 MORTGAGORS: WESTON GEORGE
WESTON LYSHA
REGION CODE ADDRESS : 17277 RUSSET STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92127
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.99465
----------------------------------------------------------------
0 0031841232 MORTGAGORS: BERRY JOHN
BERRY MELANIE
REGION CODE ADDRESS : 3143 SMART HERESS DRIVE
01 CITY : MOUNT AIRY
STATE/ZIP : MD 21771
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,767.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.25532
----------------------------------------------------------------
0 0031841240 MORTGAGORS: AUNGST STEPHAN
AUNGST PEGGY
REGION CODE ADDRESS : 19482 JASPER HILL ROAD
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,732.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,089.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.82300
----------------------------------------------------------------
0 0031841273 MORTGAGORS: CUTCLIFFE JOSEPH
CUTCLIFFE SHARON
REGION CODE ADDRESS : 2100 PASEO DEL MAR
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,598.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,513.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 38.14814
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,500.00
P & I AMT: 11,322.42
UPB AMT: 1,674,404.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031841331 MORTGAGORS: DAVIS WAYNE
DAVIS MARY
REGION CODE ADDRESS : 7600 KINCHELOE ROAD
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 41.72600
----------------------------------------------------------------
0 0031841349 MORTGAGORS: SAITTA MICHAEL
REGION CODE ADDRESS : 940 NORTH LA JOLLA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,748.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,203.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.17300
----------------------------------------------------------------
0 0031841406 MORTGAGORS: WHITING FREDRIC
WHITING SALLY
REGION CODE ADDRESS : 1816 LEWARD LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,684.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.85300
----------------------------------------------------------------
0 0031841562 MORTGAGORS: THOMAS JOHN
THOMAS MAY
REGION CODE ADDRESS : 525 MANHATTAN BEACH BOULEVARD
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,735.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.29166
----------------------------------------------------------------
0 0031841596 MORTGAGORS: TOY NANCY
REGION CODE ADDRESS : 3824 MAINSAIL CIRCLE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,684.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,756.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.69200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,769,000.00
P & I AMT: 12,024.00
UPB AMT: 1,767,852.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031841646 MORTGAGORS: SNYDER JOYCE
SNYDER LLOYD
REGION CODE ADDRESS : 25168 DE WOLFE ROAD
01 CITY : NEWHALL AREA
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,795.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.29400
----------------------------------------------------------------
0 0031841653 MORTGAGORS: SARKAR SOUMITRA
SARKAR DEVJANI
REGION CODE ADDRESS : 1024 DON DIABLO DRIVE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,719.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.60800
----------------------------------------------------------------
0 0031841687 MORTGAGORS: SEGROVE GREGORY
SEGROVE MARIA
REGION CODE ADDRESS : 472 AVALON DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,306.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.30303
----------------------------------------------------------------
0 0031841778 MORTGAGORS: GONZALES DARREN
BERGUSON CATHY
REGION CODE ADDRESS : 3106 QUEBRADA CIRCLE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031841836 MORTGAGORS: TAEGER STANLEY
TAEGER DIANA
REGION CODE ADDRESS : 12 CARNOUSTE WAY
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 52.66000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,800.00
P & I AMT: 9,453.68
UPB AMT: 1,409,120.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031841976 MORTGAGORS: MILBURN LARRY
MILBURN LINDA
REGION CODE ADDRESS : #24 FOREST DRIVE
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031842115 MORTGAGORS: WIGGINS BARBARA
WIGGINS ALLENNA
REGION CODE ADDRESS : 1014 BODMIN AVENUE
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94579
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,563.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031842354 MORTGAGORS: FOCHTMAN GERALD
FOCHTMAN DONNA
REGION CODE ADDRESS : 2818 MOUNTAIN GREEN TRAIL
01 CITY : KINGWOOD
STATE/ZIP : TX 77345
MORTGAGE AMOUNT : 271,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,582.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98093
----------------------------------------------------------------
0 0031842370 MORTGAGORS: DEASON JAMES
DEASON MARY
REGION CODE ADDRESS : 13105 MORNING GLORY DRIVE
01 CITY : LAKESIDE
STATE/ZIP : CA 92040
MORTGAGE AMOUNT : 269,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,884.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98462
----------------------------------------------------------------
0 0031842511 MORTGAGORS: PARK HANS
PARK GEORGINA
REGION CODE ADDRESS : 1407 BRIARBERRY LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 266,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,431.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.47900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,323,300.00
P & I AMT: 8,934.86
UPB AMT: 1,322,462.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031842552 MORTGAGORS: DEMONTE JOSEPH
DEMONTE LYNN
REGION CODE ADDRESS : 5962 FRANMAR CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031842602 MORTGAGORS: LUCAS DANIEL
LUCAS DONNA
REGION CODE ADDRESS : 7626 EISENHOWER STREET
01 CITY : SAN BUENAVENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 248,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,555.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031842727 MORTGAGORS: NEWELL JAMES
NEWELL ALETHEA
REGION CODE ADDRESS : 3193 HOOP PINE PLACE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 274,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,430.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031842750 MORTGAGORS: ZABEL KENNETH
ZABEL LEESA
REGION CODE ADDRESS : 3117 HOOP PINE PLACE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,738.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031842768 MORTGAGORS: SCHROEDER MICHAEL
SCHROEDER NANCY
REGION CODE ADDRESS : 420 NOTTINGHAM WAY,
01 CITY : CAMPBELL,
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 57.27272
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,400.00
P & I AMT: 9,452.47
UPB AMT: 1,416,724.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031842800 MORTGAGORS: GARRETT GEORGE
GARRETT JULIA
REGION CODE ADDRESS : 2120 ARALIA STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 58.46153
----------------------------------------------------------------
0 0031842941 MORTGAGORS: ROSSENO TIM
REGION CODE ADDRESS : 30405 VIA CAMBRON
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 56.52100
----------------------------------------------------------------
0 0031843022 MORTGAGORS: BROWN DANIEL
BROWN ISABEL
REGION CODE ADDRESS : 23215 EASTBROOK COURT
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 22.41300
----------------------------------------------------------------
0 0031843055 MORTGAGORS: SZKOPIEC ROMAN
SZKOPIEC ALDA
REGION CODE ADDRESS : 4240 COLLING ROAD WEST
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 540,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,592.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031843311 MORTGAGORS: MCCARTHY KEVIN
REGION CODE ADDRESS : 820 SMOKEY WAY
01 CITY : PEACHTREE CITY
STATE/ZIP : GA 30269
MORTGAGE AMOUNT : 296,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,564.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/18
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 65.81111
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,866,150.00
P & I AMT: 12,579.29
UPB AMT: 1,865,564.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031843345 MORTGAGORS: BUCKLEY EDWIN
REGION CODE ADDRESS : 9660 ROD ROAD
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 286,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,652.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.69400
----------------------------------------------------------------
0 0031843352 MORTGAGORS: HIGASHIDA CLYDE
HIGASHIDA NANCY
REGION CODE ADDRESS : 5370 GRANBY DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,798.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.68400
----------------------------------------------------------------
0 0031843402 MORTGAGORS: STARR MICHAEL
STARR VOHNDA
REGION CODE ADDRESS : 5404 SEDGEWICK DRIVE
01 CITY : COLUMBUS
STATE/ZIP : GA 31904
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,192.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031843444 MORTGAGORS: SNIDER MICHAEL
ABSTON JULIA
REGION CODE ADDRESS : 960 ARTWOOD ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30307
MORTGAGE AMOUNT : 269,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,179.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99168
----------------------------------------------------------------
0 0031843618 MORTGAGORS: THOME JOHN
THOME CHRISTINE
REGION CODE ADDRESS : 120 EAST WASHINGTON STREET
01 CITY : CHAGRIN FALLS
STATE/ZIP : OH 44022
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.91600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,350,700.00
P & I AMT: 8,912.79
UPB AMT: 1,349,823.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031843691 MORTGAGORS: DUNKUM BRYAN
DUNKUM MARY ANNE
REGION CODE ADDRESS : 12705 MILLEDGE COURT
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 256,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 63.43200
----------------------------------------------------------------
0 0031843774 MORTGAGORS: ANWAR NAJIB
ANWAR YASMIN
REGION CODE ADDRESS : 71 ESSEX LANE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,181.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031843899 MORTGAGORS: JACOB WILLIAM
JACOB KAREN
REGION CODE ADDRESS : 5045 AVIEMORE DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 348,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,514.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031843907 MORTGAGORS: STONE CHARLES
STONE JUNE
REGION CODE ADDRESS : 30510 VIA CANTAMAR
01 CITY : ESCONDIDO
STATE/ZIP : CA 92026
MORTGAGE AMOUNT : 383,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,843.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,713.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.98400
----------------------------------------------------------------
0 0031843980 MORTGAGORS: POOLE BRUCE
POOLE DENISE
REGION CODE ADDRESS : 1334 NANCARROW COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,519.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.62500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,700.00
P & I AMT: 10,548.71
UPB AMT: 1,556,957.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031844129 MORTGAGORS: KELSO GARRY
KELSO DEEDRE
REGION CODE ADDRESS : 10 HIGHLAND AVENUE
01 CITY : WASHINGTON TOWNSHIP
STATE/ZIP : NJ 07853
MORTGAGE AMOUNT : 276,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,528.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031844160 MORTGAGORS: WINTERMIER STEPHEN
CATLIN CAROLYN
REGION CODE ADDRESS : 148 COMMONWEALTH AVENUE UNIT # 301
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.79600
----------------------------------------------------------------
0 0031844335 MORTGAGORS: WOODWARD ARTHUR
WOODWARD MARCIA
REGION CODE ADDRESS : 1440 BULLION CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 433,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,261.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,957.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031844350 MORTGAGORS: BURTON RICHARD
BURTON ERIKA
REGION CODE ADDRESS : 578 MOUNT HOLYOKE AVE
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,129.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,367.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031844384 MORTGAGORS: ARIAN MEHDI
RAJAEE ROBAB
REGION CODE ADDRESS : 3555 SHADOW GROVE ROAD
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,260.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,890,350.00
P & I AMT: 12,796.71
UPB AMT: 1,889,179.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031844392 MORTGAGORS: LONG JOHN
LONG LISA
REGION CODE ADDRESS : 1590 DE ANZA WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,619.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031844418 MORTGAGORS: KAWASAKI JOHN
KAWASAKI ALINE
REGION CODE ADDRESS : 3152 TUCKER LANE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,778.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.97200
----------------------------------------------------------------
0 0031844434 MORTGAGORS: OVERTURF RICHARD
OVERTURF CHRISTINE
REGION CODE ADDRESS : 5505 CARMELYNN STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,255.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031844517 MORTGAGORS: GOLTZ PORTOR
KAPLAN BARBARA
REGION CODE ADDRESS : 112 MYRTLE STREET
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,659.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,767.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031844525 MORTGAGORS: GEDNEY ELLIS
GEDNEY SARAH
REGION CODE ADDRESS : 35 TERRIER PLACE
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,686.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 31.36000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,891,500.00
P & I AMT: 12,796.97
UPB AMT: 1,889,999.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031844533 MORTGAGORS: GOLDFINGER MICHAEL
UREVICH SHANNON
REGION CODE ADDRESS : 20 SANTA CECILIA
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,747.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 92.99600
----------------------------------------------------------------
0 0031844541 MORTGAGORS: VALDIN JOHN
REGION CODE ADDRESS : 57647 GOLDEN EAGLE LANE
01 CITY : SUNRIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 62.60869
----------------------------------------------------------------
0 0031844566 MORTGAGORS: MULLEN DAVID
MCKERNAN PATRICIA
REGION CODE ADDRESS : 851 HERMISTON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,756.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031844616 MORTGAGORS: GIBSON TIMOTHY
REGION CODE ADDRESS : 511 22ND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,716.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031844665 MORTGAGORS: CHOI GORDON
CHOI GRACE
REGION CODE ADDRESS : 5317 HALISON STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,225.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,404.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,732,500.00
P & I AMT: 11,772.56
UPB AMT: 1,731,445.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031844681 MORTGAGORS: THOMSON GILBERT
THOMSON CYNTHIA
REGION CODE ADDRESS : 1066 VIA VERA CRUZ
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 309,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,190.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.99412
----------------------------------------------------------------
0 0031844723 MORTGAGORS: TICE CHRISTOPHER
TICE VERONIQUE
REGION CODE ADDRESS : 3555 TOWNSQUARE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 402,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,101.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031844756 MORTGAGORS: REKHTMAN EDUARD
AVRUTIN TATYANA
REGION CODE ADDRESS : 283 DALEWOOD WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.60800
----------------------------------------------------------------
0 0031844780 MORTGAGORS: PROBETT CHISTOPHER
PROBETT CHRISTINE
REGION CODE ADDRESS : 1100 ADELLA AVENUE 29
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,772.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.75600
----------------------------------------------------------------
0 0031844921 MORTGAGORS: KUEHNLE KENZIE
KUEHNLE KATHLEEN
REGION CODE ADDRESS : 1056 VIA VERA CRUZ
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 259,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,242.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,300.00
P & I AMT: 10,248.72
UPB AMT: 1,519,084.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031844939 MORTGAGORS: BROWNING MICHAEL
BROWNING SHEILA
REGION CODE ADDRESS : 107 VIA KORON
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 581,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,568.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,062.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.55500
----------------------------------------------------------------
0 0031844970 MORTGAGORS: RYBINSKI WALTER
RYBINSKI JULIE
REGION CODE ADDRESS : 11335 CAMINITO CORRIENTE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 245,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,308.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.19300
----------------------------------------------------------------
0 0031845100 MORTGAGORS: STINE THOMAS
STINE MONIQUE
REGION CODE ADDRESS : 296 RAMON DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,665.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.28500
----------------------------------------------------------------
0 0031845134 MORTGAGORS: HERMAN ROBERT
HERMAN CELESTE
REGION CODE ADDRESS : 657 CAMBRIDGE DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,758.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.62600
----------------------------------------------------------------
0 0031845431 MORTGAGORS: ADAMS LARRY
REGION CODE ADDRESS : 3108 JODECO ROAD
01 CITY : JONESBORO
STATE/ZIP : GA 30236
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,647.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,984,500.00
P & I AMT: 13,533.77
UPB AMT: 1,982,947.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031845563 MORTGAGORS: ROUSH JOHN
REGION CODE ADDRESS : 1246 W. DEERPATH
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 451,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,925.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.47385
----------------------------------------------------------------
0 0031845621 MORTGAGORS: LAMPMAN FRANCIS
LAMPMAN DIANE
REGION CODE ADDRESS : 675 4TH STREET UNIT 2
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.17900
----------------------------------------------------------------
0 0031845647 MORTGAGORS: DOUGLASS DAVID
GIAMBRUNO LISA
REGION CODE ADDRESS : 1568 THOMAS COURT
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 454,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,908.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031845720 MORTGAGORS: SIMONIAN RONALD
SIMONIAN CORAL
REGION CODE ADDRESS : 1175 VERNON TERRACE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,299.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031845852 MORTGAGORS: KHAN KHALID
REGION CODE ADDRESS : 1081 LEDGEWOOD ROAD
01 CITY : MOUNTAINSIDE
STATE/ZIP : NJ 07092
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,140,300.00
P & I AMT: 14,146.63
UPB AMT: 2,140,300.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031845993 MORTGAGORS: CHIKUMA BRADFORD
CHIKUMA JOANNE
REGION CODE ADDRESS : 46-310 KAMEHAMEHA HIGHWAY
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 314,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031846124 MORTGAGORS: DIZINNO MICHAEL
DIZINNO LAURA
REGION CODE ADDRESS : 21351 BIRDHOLLOW DRIVE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031846165 MORTGAGORS: ANDERSON JAMES
ANDERSON DIANE
REGION CODE ADDRESS : 25921 RICH SPRINGS CIRCLE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 466,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,025.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031846231 MORTGAGORS: ALIABADI MANSOUR
ALIABADI YUEH-LI
REGION CODE ADDRESS : 16675 OLDHAM STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 48.66141
----------------------------------------------------------------
0 0031846314 MORTGAGORS: SHIMIZU KENNETH
KHOUW JANE
REGION CODE ADDRESS : 12751 CALLE DE LA SIENA,
01 CITY : SAN DIEGO,
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.90600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,733,800.00
P & I AMT: 11,410.81
UPB AMT: 1,733,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031846439 MORTGAGORS: ROBBINS JOHN
ROBBINS ANNETTE
REGION CODE ADDRESS : 420 BRONCO ROAD
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.14800
----------------------------------------------------------------
0 0031847072 MORTGAGORS: MYLES WILLIAM
MYLES CAROLANNE
REGION CODE ADDRESS : 309 CREEK ROAD
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,739.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031847148 MORTGAGORS: DASTANGOO CAROL
DASTANGOO SIAMAK
REGION CODE ADDRESS : 413 BROOK STREET
01 CITY : CARLISLE
STATE/ZIP : MA 01741
MORTGAGE AMOUNT : 338,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031847676 MORTGAGORS: MOSLEY JIMMIE
MOSLEY GLORIA
REGION CODE ADDRESS : 9167 EL VERANO WAY
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 242,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,391.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99736
----------------------------------------------------------------
0 0031847726 MORTGAGORS: TUDELA PRISCILLA
PIGURINA HORACIO
REGION CODE ADDRESS : 6201 HOMESPUN LANE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22044
MORTGAGE AMOUNT : 340,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,922,200.00
P & I AMT: 13,099.07
UPB AMT: 1,921,991.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031847809 MORTGAGORS: MCWILLIAMS DENNIS
MCWILLIAMS ERIN
REGION CODE ADDRESS : 191 CASTLETON WAY
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 253,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0031847874 MORTGAGORS: MANK BRIAN
WEBER KIM
REGION CODE ADDRESS : 1391 BRIARBERRY LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,391.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98542
----------------------------------------------------------------
0 0031847882 MORTGAGORS: CARBERRY DAVID
CARBERRY CHRISTINE
REGION CODE ADDRESS : 6517 MEADOWFIELD COURT
01 CITY : ELKRIDGE
STATE/ZIP : MD 21075
MORTGAGE AMOUNT : 252,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.66666
----------------------------------------------------------------
0 0031847965 MORTGAGORS: SHELLENBERGER DAVID
SHELLENBERGER LAUREN
REGION CODE ADDRESS : 3938 DEER GLEN DR.
01 CITY : ANN ARBOR
STATE/ZIP : MI 48108
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 : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.65800
----------------------------------------------------------------
0 0031848096 MORTGAGORS: HUNT MARSHALL
HUNT MARILYN
REGION CODE ADDRESS : 20 LINDA VISTA AVENUE
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,645.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,103.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.42300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,475,700.00
P & I AMT: 10,132.88
UPB AMT: 1,474,749.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031848583 MORTGAGORS: MARTIN THOMAS
REGION CODE ADDRESS : 47 LEXINGTON WAY
01 CITY : (COTO DE CAZA AREA)
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.33333
----------------------------------------------------------------
0 0031848831 MORTGAGORS: BECKER PAUL
BECKER LORI
REGION CODE ADDRESS : 14638 SOUTHEAST 195TH PLACE,
01 CITY : RENTON
STATE/ZIP : WA 98058
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.80791
----------------------------------------------------------------
0 0031848898 MORTGAGORS: BIENIAK RICHARD
BIENIAK NELSSY
REGION CODE ADDRESS : 25662 RAIN TREE ROAD
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,451.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.06768
----------------------------------------------------------------
0 0031849094 MORTGAGORS: HAN LI-JEN
HUA HSEUH-CHAN
REGION CODE ADDRESS : 24 PLUMERIA
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.58600
----------------------------------------------------------------
0 0031849144 MORTGAGORS: EDWARDS LAUREL
EDWARDS FLORENCE
REGION CODE ADDRESS : 721 WEST ORANGE GROVE AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,616.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 51.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,757,000.00
P & I AMT: 11,641.85
UPB AMT: 1,757,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031849151 MORTGAGORS: MONOPOLI JAMES
MONOPOLI JEAN
REGION CODE ADDRESS : 105 CULLODEN DRIVE
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.37300
----------------------------------------------------------------
0 0031849201 MORTGAGORS: BOICE GREGORY
BOICE TERESA
REGION CODE ADDRESS : 256 VIA LOLA
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92262
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031849656 MORTGAGORS: WILSON FRANK
WILSON KARLA
REGION CODE ADDRESS : 25132 SANDIA COURT
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,705.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.78100
----------------------------------------------------------------
0 0031849706 MORTGAGORS: GILLINGS BRUCE
GILLINGS DIANE
REGION CODE ADDRESS : 3403 GERANIUM STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,729.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.90314
----------------------------------------------------------------
0 0031849870 MORTGAGORS: HAMPSTEN LARRY
REGION CODE ADDRESS : 30282 CHAPALA COURT
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,677.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,100.00
P & I AMT: 9,854.10
UPB AMT: 1,459,112.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031849888 MORTGAGORS: HEBNER FRANK
HEBNER MARIANNE
REGION CODE ADDRESS : 4033 LADERA VISTA ROAD,
01 CITY : FALLBROOK,
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031849896 MORTGAGORS: PARADA MARTIN
PARADA MARIANNE
REGION CODE ADDRESS : 4 DUNLIN LANE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,796.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.70500
----------------------------------------------------------------
0 0031849904 MORTGAGORS: JOBLOVE GEORGE
BAWDEN KAY
REGION CODE ADDRESS : 5753 BRIARCLIFF ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,287.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,484.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 71.45400
----------------------------------------------------------------
0 0031849920 MORTGAGORS: HOFFMANN WENDY
REGION CODE ADDRESS : 11740 W SUNSET BLVD #24
01 CITY : LOS ANGELES
STATE/ZIP : CA 92938
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,770.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031849946 MORTGAGORS: ARIAGNO RONALD
ARIAGNO MARCELLA
REGION CODE ADDRESS : 955 WOODLAND AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 551,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,179.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,852.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.10000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,844,000.00
P & I AMT: 12,425.05
UPB AMT: 1,842,034.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031849953 MORTGAGORS: BANNON ROBERT
BANNON ALEXANDRA
REGION CODE ADDRESS : 1036 LINDA GLEN DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,634.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,857.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.10924
----------------------------------------------------------------
0 0031849961 MORTGAGORS: SWARTZ STEVEN
SWARTZ TAMI
REGION CODE ADDRESS : 10313 MISSISSIPPI AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,589.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,729.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031850001 MORTGAGORS: FRY JOE
FRY LYNDALL
REGION CODE ADDRESS : 3210 FAIRWAY DRIVE
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031850035 MORTGAGORS: JOHNSTON JAMES
JOHNSTON DIANA
REGION CODE ADDRESS : 1055 VIA VERA CRUZ
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,762.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031850092 MORTGAGORS: PARSONS BROCK
PARSONS REBECCA
REGION CODE ADDRESS : 1604 CORNELL DRIVE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,780.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.83700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,873,000.00
P & I AMT: 12,688.80
UPB AMT: 1,871,517.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031850175 MORTGAGORS: DELANEY STEVEN
DELANEY DEBORAH
REGION CODE ADDRESS : 2531 DEWSBURY DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 297,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.61764
----------------------------------------------------------------
0 0031850282 MORTGAGORS: GUSTAFSON DENNIS
GUSTAFSON SYLVIA
REGION CODE ADDRESS : 430 S MOUNTAIN GLEN
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,759.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031850308 MORTGAGORS: EARL MATTHEW
EARL LORRAINE
REGION CODE ADDRESS : 5120 ALHAMA DRIVE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,641.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,018.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031850332 MORTGAGORS: SPRAGENS STEPHEN
REGION CODE ADDRESS : 3184 LUCAS DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
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 : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031850357 MORTGAGORS: LLEWELLYN DAVID
LLEWELLYN LYNN
REGION CODE ADDRESS : 2533 VERANO PLACE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,600.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,636,700.00
P & I AMT: 11,358.83
UPB AMT: 1,635,476.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031850431 MORTGAGORS: CASTRO JOSEPH
CASTRO LAURIE
REGION CODE ADDRESS : 6247 EAST 6TH STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,767.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031850456 MORTGAGORS: CHUNG WU
REGION CODE ADDRESS : 13554 SCARSDALE WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.22222
----------------------------------------------------------------
0 0031850464 MORTGAGORS: PARSONS MARK
PARSONS WENDELIN
REGION CODE ADDRESS : 796 TULARE STREET
01 CITY : PISMO BEACH
STATE/ZIP : CA 93449
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.92307
----------------------------------------------------------------
0 0031850514 MORTGAGORS: DU BOIS DEBORAH
REGION CODE ADDRESS : 6245 PENFIELD AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,680.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,496.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031850530 MORTGAGORS: HAYWARD BRIAN
REGION CODE ADDRESS : 1015 S WILDROSE LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.15400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,505,000.00
P & I AMT: 10,165.71
UPB AMT: 1,503,801.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031850548 MORTGAGORS: ROMIG VIRGINIA
ESTRADA EVANGELINA
REGION CODE ADDRESS : 520 LAGUNA PLACE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,546.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031850894 MORTGAGORS: WITCSHEY GREGORY
WITCSHEY LORI
REGION CODE ADDRESS : 3509 WESTGATE DRIVE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 258,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.17200
----------------------------------------------------------------
0 0031850969 MORTGAGORS: WATSON KENNETH
WATSON STEPHANIE
REGION CODE ADDRESS : 4204 GATESWALK WAY
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031851165 MORTGAGORS: BETZIG ROBERT
BETZIG SUSAN
REGION CODE ADDRESS : 5040 CHIMNEY RIDGE
01 CITY : GLEN ARBOR,
STATE/ZIP : MI 48103
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,283.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.04000
----------------------------------------------------------------
0 0031851181 MORTGAGORS: JOHNSON BRENDA
DELUCA DAVID
REGION CODE ADDRESS : 3769 BARRY KNOLL DR
01 CITY : ANN ARBOR
STATE/ZIP : MI 48108
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,606.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,600.00
P & I AMT: 9,375.21
UPB AMT: 1,361,036.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031852791 MORTGAGORS: ROSENBERG MICHEAL
ROSENBERG DEBORAH
REGION CODE ADDRESS : 878 VALENCIA SCHOOL
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,739.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.27200
----------------------------------------------------------------
0 0031852825 MORTGAGORS: MEHEULA ROBERT
MEHEULA CHERYL
REGION CODE ADDRESS : 30 PARK FLETCHER PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,774.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031852833 MORTGAGORS: MOHR GERALD
MOHR KATHY
REGION CODE ADDRESS : 2244 WEST MAGILL AVENUE
01 CITY : FRESNO
STATE/ZIP : CA 93711
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,656.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,001.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031852890 MORTGAGORS: FEILBERG PAUL
FEILBERG CATHIE
REGION CODE ADDRESS : 47 SILKWOOD
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 346,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,454.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.98600
----------------------------------------------------------------
0 0031853005 MORTGAGORS: RUTKIN GREGG
NAVARRO-SALGADO GERADO
REGION CODE ADDRESS : 2620 LAS LUNAS STREET
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 297,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 84.96700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,714,050.00
P & I AMT: 11,730.85
UPB AMT: 1,713,220.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031853039 MORTGAGORS: ESCALLE MARK
BETHEL HELEN
REGION CODE ADDRESS : 19711 CLANCEY LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.25000
----------------------------------------------------------------
0 0031853054 MORTGAGORS: RODMAN DANIEL
DE LEON NANCY
REGION CODE ADDRESS : 503 A POPPY AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,624.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031853088 MORTGAGORS: HAROUTOUNIAN GABRIEL
REGION CODE ADDRESS : 4501 DEL MORENO DRIVE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,723.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,608.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.35300
----------------------------------------------------------------
0 0031853591 MORTGAGORS: GULARTE ROBERT
REGION CODE ADDRESS : 8748 FELIZ WAY
01 CITY : TRACY
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,753.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.01100
----------------------------------------------------------------
0 0031853625 MORTGAGORS: LEMIEUX JEFF
LEMIEUX ANGELA
REGION CODE ADDRESS : 29891 WEATHERWOOD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,773.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.90400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,723,000.00
P & I AMT: 11,775.47
UPB AMT: 1,721,874.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031853641 MORTGAGORS: CONTRERAS ABELARDO
CONTRERAS CATHY
REGION CODE ADDRESS : 1497 FAWNRIDGE AVENUE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,777.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031854664 MORTGAGORS: CHEATHAM GREGORY
MANRAO NEELU
REGION CODE ADDRESS : 2060 COOLIDGE DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031854680 MORTGAGORS: FISHBAUGH DAVID
SCHACTER ANDREA
REGION CODE ADDRESS : 40885 BANDERA STREET
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,298.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.51063
----------------------------------------------------------------
0 0031854706 MORTGAGORS: PEJMAN HOOMAN
PEJMAN SHIRLEY
REGION CODE ADDRESS : 134 BLACKSTONE DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,799.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.37209
----------------------------------------------------------------
0 0031854748 MORTGAGORS: WILSON ROSS
WILSON SARA
REGION CODE ADDRESS : 65 CLIPPER STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 330,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,035.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.05000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,800.00
P & I AMT: 9,257.35
UPB AMT: 1,369,708.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031854763 MORTGAGORS: FORMAN DARRYL
FORMAN NANCY
REGION CODE ADDRESS : 1448 HARK-A-WAY ROAD
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,766.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031854797 MORTGAGORS: MORALES HENRY
MORALES TONI
REGION CODE ADDRESS : 15377 GREEN VALLEY DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,360.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031854813 MORTGAGORS: STECKLER DUANE
STECKLER STEPHANIE
REGION CODE ADDRESS : 10009 NOOR AVE NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 283,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,883.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031854821 MORTGAGORS: HERRERA DAVID
HERRERA ROSALIND
REGION CODE ADDRESS : 1307 PEREGRINE DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 253,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,371.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0031854854 MORTGAGORS: TUNG MIN-YUAN
TUNG HAO-YUAN
REGION CODE ADDRESS : 1750 FUMIA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 374,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,107.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,200.00
P & I AMT: 10,321.71
UPB AMT: 1,479,489.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031855034 MORTGAGORS: MANNING STEVENS
MANNING KATHERINE
REGION CODE ADDRESS : 340 OAK AVENUE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,770.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.13000
----------------------------------------------------------------
0 0031855521 MORTGAGORS: BISHOP DANNY
BISHOP VICKI
REGION CODE ADDRESS : 11901 MYRTLEWOOD AVENUE
01 CITY : COLTON
STATE/ZIP : CA 92324
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,798.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031855588 MORTGAGORS: TRAN LOI
TRAN BE
REGION CODE ADDRESS : 33 BARCELONA
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 362,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031855984 MORTGAGORS: CORREIA PETER
CORREIA SHIRLANNA
REGION CODE ADDRESS : 14757 SHIPMAN RD
01 CITY : TRAVERSE CITY
STATE/ZIP : MI 49686
MORTGAGE AMOUNT : 317,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,258.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 43.79300
----------------------------------------------------------------
0 0031856388 MORTGAGORS: MC GUIRE DANIEL
MC GUIRE MARGARET
REGION CODE ADDRESS : 4835 EAST CRIMSON TERRACE
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 253,233.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,030.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99966
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,133.00
P & I AMT: 9,831.72
UPB AMT: 1,457,258.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031856446 MORTGAGORS: GARCIA BENNY
GARCIA MARIA
REGION CODE ADDRESS : 36112 SILVERADO PLACE
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 320,448.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,216.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.99900
----------------------------------------------------------------
0 0031856453 MORTGAGORS: YORKO STEVEN
YORKO LISA
REGION CODE ADDRESS : 332 SUN VALLEY DRIVE
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 348,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,378.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031856479 MORTGAGORS: ALBERT PATRICK
ALBERT CAREY
REGION CODE ADDRESS : 4812 BENTWOOD WAY
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 245,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,213.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99217
----------------------------------------------------------------
0 0031856503 MORTGAGORS: KINNEY JAMES
KINNEY MARIE
REGION CODE ADDRESS : 1030 MANDEVILLA WAY
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 259,268.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,065.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031856651 MORTGAGORS: BAKER ALAN
BAKER CHERYL
REGION CODE ADDRESS : 17401 MIRA LOMA CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,453,766.00
P & I AMT: 9,949.53
UPB AMT: 1,452,873.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031856693 MORTGAGORS: BLOOM RONALD
FOELKER-BLOOM BRENDA
REGION CODE ADDRESS : N31 W5100 LANDMARK DRIVE
01 CITY : CEDARBURG
STATE/ZIP : WI 53012
MORTGAGE AMOUNT : 631,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 631,307.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,309.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.04800
----------------------------------------------------------------
0 0031856719 MORTGAGORS: CARRIZALES DARLENE
REGION CODE ADDRESS : 311 SABA WAY
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93312
MORTGAGE AMOUNT : 304,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,023.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.78300
----------------------------------------------------------------
0 0031856743 MORTGAGORS: FRANEY SUSAN
REGION CODE ADDRESS : 2204 LA SALLE DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 263,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,749.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031856784 MORTGAGORS: SWALLOW JOHN
SWALLOW LORI
REGION CODE ADDRESS : 2081 OUTPOST DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,223.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,383.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031856792 MORTGAGORS: STANFORD R
STANFORD A
REGION CODE ADDRESS : 232 EAST VILLA RITA
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,813.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.56200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,941,250.00
P & I AMT: 13,286.02
UPB AMT: 1,939,117.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031856842 MORTGAGORS: MILLS DAVID
MILLS JUDY
REGION CODE ADDRESS : 7 COASTAL OAK
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,702.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.40900
----------------------------------------------------------------
0 0031856867 MORTGAGORS: RENY GEORGE
RENY LIZ
REGION CODE ADDRESS : 5662 BERKSHIRE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90032
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031856891 MORTGAGORS: EZALARAB HAMDY
EZALARAB SUSAN
REGION CODE ADDRESS : 5785 CLERMONT COURT
01 CITY : FITCHBURG
STATE/ZIP : WI 53711
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,769.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------
0 0031856909 MORTGAGORS: ABATE RE' MICHAELINE
REGION CODE ADDRESS : 2014 ASHINGTON DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,640.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,259.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0031856917 MORTGAGORS: MILLER JAMES
FOREMAN PAMELA
REGION CODE ADDRESS : 200 CHATEAU DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,640.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,259.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,839,200.00
P & I AMT: 12,510.98
UPB AMT: 1,837,755.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031856925 MORTGAGORS: WOODWARD III STANLEY
WOODWARD CELINDA
REGION CODE ADDRESS : 1305 5TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,665.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.40000
----------------------------------------------------------------
0 0031856941 MORTGAGORS: RICHARDSON PAUL
RICHARDSON LISE
REGION CODE ADDRESS : 3987 FREDONIA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031856958 MORTGAGORS: WILLIS DONALD
WILLIS DIANNE
REGION CODE ADDRESS : 4930 RANCHO GRANDE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,600.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,492.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 46.54500
----------------------------------------------------------------
0 0031856966 MORTGAGORS: GALBREATH BLAIR
GALBREATH JACALYN
REGION CODE ADDRESS : 316 VALLEY GATE ROAD
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 264,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,303.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.82051
----------------------------------------------------------------
0 0031856974 MORTGAGORS: ENGELN DANIEL
ENGELN CHRISTINA
REGION CODE ADDRESS : 72 ROCKINGHORSE ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 481,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,634.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,322.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.57364
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,027,500.00
P & I AMT: 14,010.72
UPB AMT: 2,025,958.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031856982 MORTGAGORS: PHILLIPS JUDY
REGION CODE ADDRESS : 2939 CATALPA STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 517,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 517,106.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,574.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.81900
----------------------------------------------------------------
0 0031856990 MORTGAGORS: SUSSER PHYLLIS
REGION CODE ADDRESS : 805 OCEAN AVENUE #4
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,728.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031857006 MORTGAGORS: ATHERTON STEVEN
REGION CODE ADDRESS : 5618 HIDDEN GLEN COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,676.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.10569
----------------------------------------------------------------
0 0031857022 MORTGAGORS: BERGSTROM III RICHARD
BERGSTROM KIMBERLY
REGION CODE ADDRESS : 569 E AVENUE UNIT C
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 344,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,367.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031857055 MORTGAGORS: MULLARNEY OLIVER
REGION CODE ADDRESS : 209 GATES STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 350,610.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,336.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,977,760.00
P & I AMT: 13,485.02
UPB AMT: 1,976,214.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031857071 MORTGAGORS: WEHR DANIEL
REGION CODE ADDRESS : 125 24TH STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 372,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,209.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.85000
----------------------------------------------------------------
0 0031857089 MORTGAGORS: KIM CHONG
KIM YURI
REGION CODE ADDRESS : 174 NORTH WETHERLY DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90211
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,694.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,667.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.85714
----------------------------------------------------------------
0 0031857105 MORTGAGORS: EKE CLIFFORD
EKE EUCHARIA
REGION CODE ADDRESS : 29126 ROSEWOOD LANE
01 CITY : HIGHLAND
STATE/ZIP : CA 92346
MORTGAGE AMOUNT : 241,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,011.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031857113 MORTGAGORS: FRANZI RICHARD
FRANZI DEBRA
REGION CODE ADDRESS : 3 SIEGA
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.33333
----------------------------------------------------------------
0 0031857121 MORTGAGORS: FERNANDEZ GILBERT
FERNANDEZ TERRY
REGION CODE ADDRESS : 1719 CARVER STREET
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,991.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,556,900.00
P & I AMT: 10,669.38
UPB AMT: 1,555,696.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031857162 MORTGAGORS: DWORSKY PHILIP
HODGIN DEANNA
REGION CODE ADDRESS : 618 BELVEDERE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,778.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,090.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.88785
----------------------------------------------------------------
0 0031857188 MORTGAGORS: ROZANSKI KENNETH
ROZANSKI KIMBERLY
REGION CODE ADDRESS : 64 NORTH SUNNY VISTA AVENUE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,770.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031857220 MORTGAGORS: FRISINA FRANK
FRISINA JO ANN
REGION CODE ADDRESS : 1904 MARINA DRIVE
01 CITY : SAN PEDRO
STATE/ZIP : CA 90731
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,712.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.12500
----------------------------------------------------------------
0 0031857238 MORTGAGORS: DICKERMAN CALVIN
DICKERMAN LINDA
REGION CODE ADDRESS : 4401 DRIFTWOOD COURT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,778.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.86600
----------------------------------------------------------------
0 0031857246 MORTGAGORS: MIRZADEH MOJGAN
REGION CODE ADDRESS : 4123 PATRICK HENRY PLACE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 264,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,393.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,471,600.00
P & I AMT: 9,959.98
UPB AMT: 1,470,432.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031857253 MORTGAGORS: WILCOXSON DAVID
WILCOXSON DIANA
REGION CODE ADDRESS : 112 MT WHITNEY WAY
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 257,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,004.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031857261 MORTGAGORS: KIRBY KEITH
REGION CODE ADDRESS : 610 9TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0031857279 MORTGAGORS: SHAH GAURANG
SHAH KRISTLE
REGION CODE ADDRESS : 4070 LAKEMONT COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,752.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------
0 0031857287 MORTGAGORS: FISCHER JOEL
FISCHER PAMELA
REGION CODE ADDRESS : 10520 DUNLEER DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 649,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,454.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,263.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------
0 0031857295 MORTGAGORS: WOLFE DANIEL
WOLFE CATHERINE
REGION CODE ADDRESS : 56 CLARENDON AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 526,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 526,199.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,637.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 40.50700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,052,800.00
P & I AMT: 13,984.38
UPB AMT: 2,051,192.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031857303 MORTGAGORS: SMITH G
SMITH HILDA
REGION CODE ADDRESS : 7267 SURFBIRD CIRCLE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 361,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,431.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,529.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98231
----------------------------------------------------------------
0 0031857329 MORTGAGORS: DIXON ELLIOTT
DIXON DOROTHY
REGION CODE ADDRESS : 239 ANCONA DRIVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,764.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.90900
----------------------------------------------------------------
0 0031857337 MORTGAGORS: EVANS RON
EVANS REXANNE
REGION CODE ADDRESS : 4616 ETHEL AVENUE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,763.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 77.57400
----------------------------------------------------------------
0 0031857345 MORTGAGORS: TOYOS JORGE
TOYOS VIRGINIA
REGION CODE ADDRESS : 5170 VIA MARGARITA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,745.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031857394 MORTGAGORS: LORENZ GREGORY
LORENZ CANDACE
REGION CODE ADDRESS : 11665 ALLEN
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 347,640.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,361.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,340.00
P & I AMT: 10,487.95
UPB AMT: 1,566,067.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031857410 MORTGAGORS: MONIS STEVEN
MONIS CHERI
REGION CODE ADDRESS : 11854 WILMINGTON ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0031857436 MORTGAGORS: LAURO VINCENT
LAURO GIOVANNA
REGION CODE ADDRESS : 28611 NORTH ENROSE AVENUE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031857451 MORTGAGORS: PESAVENTO TRACY
PESAVENTO CARRIE
REGION CODE ADDRESS : 1457 STOCKBRIDGE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,809.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.53300
----------------------------------------------------------------
0 0031857873 MORTGAGORS: BLANKE ERIC
BLANKE JENNIFER
REGION CODE ADDRESS : 3763 CINDY LANE
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.75900
----------------------------------------------------------------
0 0031857881 MORTGAGORS: LEASK SAMUEL
LEASK LISA
REGION CODE ADDRESS : 120 GREEN STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 40.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,000.00
P & I AMT: 9,375.41
UPB AMT: 1,377,432.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031858004 MORTGAGORS: BAUMAN RICHARD
REGION CODE ADDRESS : 201 CERRITO CIELO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.29411
----------------------------------------------------------------
0 0031858103 MORTGAGORS: NGUYEN HO VIET
DANG KIM-CHI
REGION CODE ADDRESS : 926 CAMPBELL STREET
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.09300
----------------------------------------------------------------
0 0031858244 MORTGAGORS: MILES WESLEY
MILES BLAIZE
REGION CODE ADDRESS : 386 BELLE MONTI AVENUE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031858277 MORTGAGORS: HAUSAFUS ROBERT
HAUSAFUS SHIRLEY
REGION CODE ADDRESS : 705 NAVARRA DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 359,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,890.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,329.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031858285 MORTGAGORS: DUECK RONALD
DUECK CAROL
REGION CODE ADDRESS : 7884 JON WAY
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,745.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.42900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,200.00
P & I AMT: 10,665.35
UPB AMT: 1,590,636.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031858293 MORTGAGORS: MURTHY SRINIVASA
DHULIPALA SREELAKSHMI
REGION CODE ADDRESS : 21820 DOLORES AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,634.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.19047
----------------------------------------------------------------
0 0031858301 MORTGAGORS: VEECK JAMES
SHIRLOCK CAROLYN
REGION CODE ADDRESS : 2071 HATCH ROAD
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,637.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,837.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0031858319 MORTGAGORS: MARTIN JAY
MARTIN KAREN
REGION CODE ADDRESS : 38258 GARRETT STREET
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 341,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,990.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031858327 MORTGAGORS: BENEVIDES ROBERT
REGION CODE ADDRESS : 8339 WEST DRY CREEK ROAD
01 CITY : HEALDSBURG
STATE/ZIP : CA 95448
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,567.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,786.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.45400
----------------------------------------------------------------
0 0031858368 MORTGAGORS: WEINSTEIN LEWIS
WEINSTEIN BARBARA
REGION CODE ADDRESS : 7 FOREST STREET
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,766.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,115,250.00
P & I AMT: 14,416.55
UPB AMT: 2,113,595.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031858434 MORTGAGORS: HURLBURT RANDAL
HURLBURT LISA
REGION CODE ADDRESS : 9808 STANISLAUS RIVER DRIVE
01 CITY : OAKDALE
STATE/ZIP : CA 95361
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,714.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031858442 MORTGAGORS: EWELL-WHITE DARVIN
EWELL-WHITE OLENE
REGION CODE ADDRESS : 3243 WEST COUNTRY WAY
01 CITY : ACTON
STATE/ZIP : CA 93510
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031858467 MORTGAGORS: ROSELL JAMES
ROSELL DEANA
REGION CODE ADDRESS : 2342 LONGFELLOW ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 332,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,390.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,269.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031858475 MORTGAGORS: CALDWELL ERIC
CALDWELL LOUISE
REGION CODE ADDRESS : 5 ROCKY RUN
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,647.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,083.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.77700
----------------------------------------------------------------
0 0031858491 MORTGAGORS: REINHARDT ROBERT
REINHARDT STEPHANIE
REGION CODE ADDRESS : 19052 TAYLOR AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,733.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,726,650.00
P & I AMT: 11,722.71
UPB AMT: 1,725,289.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031858517 MORTGAGORS: SMITH EDWARD
BORTOLUS NADIA
REGION CODE ADDRESS : 1118 HAWTHORNE DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,585.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031858541 MORTGAGORS: HARTGROVE RANDALL
HARTGROVE LILLIAN
REGION CODE ADDRESS : 6898 SERENITY COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,660.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,856.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031858558 MORTGAGORS: HEEMSTRA DAN
HEEMSTRA SUSAN
REGION CODE ADDRESS : 632 GENEVA AVENUE
01 CITY : HUNTINGDON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,487.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.29500
----------------------------------------------------------------
0 0031858608 MORTGAGORS: SCHEINER JAY
SCHEINER LEMOYNE
REGION CODE ADDRESS : 35 FIREBRICK ROAD
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,737.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.31000
----------------------------------------------------------------
0 0031858632 MORTGAGORS: KEYS CAROL
ANDREWS PHILLIP
REGION CODE ADDRESS : 381 TAMALPAIS ROAD
01 CITY : FAIRFAX
STATE/ZIP : CA 94930
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,725.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.89300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,706,800.00
P & I AMT: 11,614.12
UPB AMT: 1,705,196.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031858640 MORTGAGORS: VERGARA BERNARDINO
VERGARA SANDRA
REGION CODE ADDRESS : 2690 TIPPERARY AVENUE,
01 CITY : SOUTH SAN FRANCISCO,
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031858665 MORTGAGORS: SHEHIGIAN JOHN
SHEHIGIAN JUDITH
REGION CODE ADDRESS : 16 VILLAGE LANE
01 CITY : HARBOR SPRINGS
STATE/ZIP : MI 49740
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,805.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.05800
----------------------------------------------------------------
0 0031858723 MORTGAGORS: CHASEY DONALD
REGION CODE ADDRESS : 4155 HOLLY KNOLL DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,208.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031859390 MORTGAGORS: HANDSCHIN SERGE
HANDSCHIN JENNIFER
REGION CODE ADDRESS : 715 BROWNSAGE DRIVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031859473 MORTGAGORS: WOITA BARBARA
WOITA YORCK
REGION CODE ADDRESS : 44-291C KANEOHE BAY DRIVE
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 401,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,771.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,664,150.00
P & I AMT: 11,282.36
UPB AMT: 1,663,664.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031859655 MORTGAGORS: RUKCHART SHAWN
RUKCHART SAOWALUCK
REGION CODE ADDRESS : 36158 SILVERADO PLACE
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 417,910.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,550.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,710.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.60100
----------------------------------------------------------------
0 0031860133 MORTGAGORS: KELLEY MATTHEW
KELLEY GINETTE
REGION CODE ADDRESS : 19521 SHADOW HILL DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.35200
----------------------------------------------------------------
0 0031860224 MORTGAGORS: GILLES JEAN
GILLES AGATHE
REGION CODE ADDRESS : 4344 ARGYLE TERRACE NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20011
MORTGAGE AMOUNT : 392,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,699.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.48000
----------------------------------------------------------------
0 0031860315 MORTGAGORS: WOO RONALD
WOO KAREN
REGION CODE ADDRESS : 16833 HALLMARK CT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,751.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.10900
----------------------------------------------------------------
0 0031860372 MORTGAGORS: YAMABE KEN
YAMABE AMY
REGION CODE ADDRESS : 6311 141ST AVENUE SOUTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,318.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.95100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,910.00
P & I AMT: 11,020.71
UPB AMT: 1,657,319.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031860380 MORTGAGORS: CUNNINGHAM LONNIE
CUNNINGHAM BONNIE
REGION CODE ADDRESS : 2463 PADDOCK DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031860398 MORTGAGORS: HATCH MICHAEL
HATCH PAULA
REGION CODE ADDRESS : 1009 NORTH 42ND STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 263,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,453.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031860406 MORTGAGORS: WOODLEY TODD
WOODLEY JAN
REGION CODE ADDRESS : 9056 MC BRIDE RIVER AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 300,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,565.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031860430 MORTGAGORS: LORRAIN VINCENT
LORRAIN SUSAN
REGION CODE ADDRESS : 10817 SOUTHEASE 23RD STREET
01 CITY : BELLEVUE
STATE/ZIP : WA 98004
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,193.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031860448 MORTGAGORS: SHEIN JEFFREY
STEWART LORRIE
REGION CODE ADDRESS : 7278 WEST 90TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.71400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,750.00
P & I AMT: 10,567.64
UPB AMT: 1,545,211.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031860455 MORTGAGORS: WATSON ANDREW
NEUMANN ANN
REGION CODE ADDRESS : 601 CRATER CAMP DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.14492
----------------------------------------------------------------
0 0031860489 MORTGAGORS: SIMONS MICHAEL
SIMONS JENNIFER
REGION CODE ADDRESS : 6208 308TH AVENUE SOUTHEAST
01 CITY : PRESTON
STATE/ZIP : WA 98050
MORTGAGE AMOUNT : 348,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,294.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,409.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031860539 MORTGAGORS: GERLACH ROBERT
GERLACH KRIS
REGION CODE ADDRESS : 28205 NORTHEAST TOLT HILL ROAD
01 CITY : CARNATION
STATE/ZIP : WA 98014
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,426.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.75500
----------------------------------------------------------------
0 0031860588 MORTGAGORS: OKAM0TO DAVID
OKAM0TO SUSAN
REGION CODE ADDRESS : 21 GINGHAM STREET
01 CITY : (TRABUCO CANYON AREA)
STATE/ZIP : CA 92679
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.91304
----------------------------------------------------------------
0 0031860737 MORTGAGORS: REEVES GERRILYNN
REGION CODE ADDRESS : 2720 HIDDEN HILLS WAY
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,804.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,800.00
P & I AMT: 11,046.49
UPB AMT: 1,610,331.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031861057 MORTGAGORS: KASTELIC ROBERT
KASTELIC JOSIE
REGION CODE ADDRESS : 2356 VERA AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,511.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0031861305 MORTGAGORS: GENDRON JASON
GENDRON KRISSY
REGION CODE ADDRESS : 2817 ELLESMERE AVENUE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.90500
----------------------------------------------------------------
0 0031861537 MORTGAGORS: BERGHEER KARL
COULTER-BERGHEER MARY
REGION CODE ADDRESS : 24 MARISOL AREA
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 495,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,422.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99205
----------------------------------------------------------------
0 0031861800 MORTGAGORS: ZIEGLER ANN
SUDDRETH BETH
REGION CODE ADDRESS : 1856 WOODHAVEN WAY
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031861875 MORTGAGORS: MILLER EDWARD
REGION CODE ADDRESS : 56 TAMAL ROAD
01 CITY : FOREST KNOLLS
STATE/ZIP : CA 94933
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,609.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,820,050.00
P & I AMT: 12,437.34
UPB AMT: 1,819,561.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031861891 MORTGAGORS: HOLDORFF DONALD
HOLDORFF KATHY
REGION CODE ADDRESS : 5549 CAMINTO MUNDANO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 360,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031862048 MORTGAGORS: BRUNO GARLEPP
DOAN KATHERINE
REGION CODE ADDRESS : 202 E FERNDALE AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031862303 MORTGAGORS: CHATTERJEE TARAK
CHATTERJEE ANURADHA
REGION CODE ADDRESS : 124 ROLLING HILL DRIVE
01 CITY : MARLBORO TOWNSHIP
STATE/ZIP : NJ 07751
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 : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99452
----------------------------------------------------------------
0 0031862352 MORTGAGORS: MC CASLAND TROY
MC CASLAND SUSAN
REGION CODE ADDRESS : 709-711 TANGLERS COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,676.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,529.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.96200
----------------------------------------------------------------
0 0031862402 MORTGAGORS: SEALE ROY
SEALE JANIS
REGION CODE ADDRESS : 15818 32ND AVENUE SOUTHEAST
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,850.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.02702
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,100.00
P & I AMT: 10,528.91
UPB AMT: 1,546,415.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031862410 MORTGAGORS: MCNALLY JAMES
MCNALLY ANA
REGION CODE ADDRESS : 8775 S.W. 61ST AVENUE,
01 CITY : MIAMI
STATE/ZIP : FL 33143
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,987.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031862428 MORTGAGORS: WARD JAMES
WARD STACEY
REGION CODE ADDRESS : 132 ST. PIERRE WAY
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 277,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.85400
----------------------------------------------------------------
0 0031862485 MORTGAGORS: MC ELWAIN LARRY
MC ELWAIN PATRICIA
REGION CODE ADDRESS : 5451 FENTON WAY
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 256,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
0 0031862600 MORTGAGORS: LUTHER WALLACE
LUTHER CAROL
REGION CODE ADDRESS : 2854 THREE SPRINGS DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,991.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031862626 MORTGAGORS: CLINE SANDY
REGION CODE ADDRESS : 32982 PINNACLE DRIVE
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 268,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.51200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,595,600.00
P & I AMT: 10,935.01
UPB AMT: 1,594,837.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031862667 MORTGAGORS: KULICK DEBRA
REGION CODE ADDRESS : 25412 SPINDLEWOOD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031862675 MORTGAGORS: O'HAIRE SEAN
O'HAIRE TRISHA
REGION CODE ADDRESS : 7130 SHADY OAK LANE
01 CITY : PENNGROVE
STATE/ZIP : CA 94951
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031862683 MORTGAGORS: DAJEE AMRIT
DAJEE SUNGAI
REGION CODE ADDRESS : 2987 CORTE HERMOSA,
01 CITY : NEWPORT BEACH,
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,448.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.29787
----------------------------------------------------------------
0 0031862691 MORTGAGORS: DICKSON MICHAEL
REGION CODE ADDRESS : 13132 MORNING GLORY DRIVE,
01 CITY : LAKESIDE,
STATE/ZIP : CA 92040
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,007.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.96880
----------------------------------------------------------------
0 0031862725 MORTGAGORS: ROSENFELD GERRY
ROSENFELD JUANITA
REGION CODE ADDRESS : 29256 ALFIERI STREET
01 CITY : LAGUNA NIGEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.78700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,700.00
P & I AMT: 10,899.27
UPB AMT: 1,612,507.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031862741 MORTGAGORS: FLORES CORAZON
FLORES VIRGILIO
REGION CODE ADDRESS : 5515 PASEO JOAQUIN
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.41500
----------------------------------------------------------------
0 0031862774 MORTGAGORS: MAKISHIMA DOUGLAS
REGION CODE ADDRESS : 30 LILY COURT,
01 CITY : DANVILLE,
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 417,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,704.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.89463
----------------------------------------------------------------
0 0031863111 MORTGAGORS: CHERN CHARNG-KUANG
CHERN KATIE
REGION CODE ADDRESS : 1945 VINEHILL CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 35.29400
----------------------------------------------------------------
0 0031863293 MORTGAGORS: ARNICAR DOLPH
ARNICAR DONNA
REGION CODE ADDRESS : 124 AVENIDA ESPERANZA
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031863301 MORTGAGORS: DANIELS ROBERT
DANIELS KAREN
REGION CODE ADDRESS : 133 AYER ROAD
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,135.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.92900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,846,050.00
P & I AMT: 12,627.06
UPB AMT: 1,845,350.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031864408 MORTGAGORS: PARKER GLENN
REGION CODE ADDRESS : 4223 LOST SPRINGS DRIVE
01 CITY : CALABASAS HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031864622 MORTGAGORS: ANDERSON CHERIE
ANDERSON KEVIN
REGION CODE ADDRESS : 2225 WALLACE AVENUE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,783.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 82.87400
----------------------------------------------------------------
0 0031864655 MORTGAGORS: WEISSER RICK
WEISSER KERRY
REGION CODE ADDRESS : 921 FOREST LANE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,719.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,643.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.17200
----------------------------------------------------------------
0 0031864697 MORTGAGORS: ZARIAN JOHN
ZARIAN LEISA
REGION CODE ADDRESS : 20 CAMBRIDGE COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,769.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031864705 MORTGAGORS: WATSON JAMES
WATSON VICTORIA
REGION CODE ADDRESS : 44 VALENCIA ROAD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 455,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,844.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,105.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,200.00
P & I AMT: 11,323.13
UPB AMT: 1,659,116.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031864713 MORTGAGORS: WALKER KENNETH
REGION CODE ADDRESS : 20191 PRINCETON CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,520.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031864721 MORTGAGORS: SCHWARTZ JOSEPH
PLANK-SCHWARTZ LISA
REGION CODE ADDRESS : 270 EL CARMELO AVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,678.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,810.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031864739 MORTGAGORS: TRIMARCO SHARON
REGION CODE ADDRESS : 3282 SIERRA DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
0 0031864796 MORTGAGORS: SCHERPENBERG JUDITH
REGION CODE ADDRESS : 318-318 1/2 45TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,742.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.74400
----------------------------------------------------------------
0 0031864812 MORTGAGORS: STERKIN DONNA
STERKIN DOYLE
REGION CODE ADDRESS : 233 WINDWOOD LANE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,660.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 51.13900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,765,800.00
P & I AMT: 11,834.84
UPB AMT: 1,764,371.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031864820 MORTGAGORS: RING WILLIAM
NEIDHART RING PAMELA
REGION CODE ADDRESS : 27416 BETANZOS
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,750.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.49000
----------------------------------------------------------------
0 0031864838 MORTGAGORS: SZWEDA HENRY
SZWEDA LESLIE
REGION CODE ADDRESS : 5521 VIA DIANZA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 271,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,682.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.97000
----------------------------------------------------------------
0 0031864846 MORTGAGORS: PEARSON ANDREW
PEARSON KIMBERLY
REGION CODE ADDRESS : 3814 CASANOVA DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 245,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,308.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.71800
----------------------------------------------------------------
0 0031864853 MORTGAGORS: RICHTER KRISTIN
RALSTON DAVID
REGION CODE ADDRESS : 1575 POPPY WAY
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 44.82700
----------------------------------------------------------------
0 0031864861 MORTGAGORS: ELIOPOULOS ELEFTHERIOS
ELIOPOULOS ELEFTHERIA
REGION CODE ADDRESS : 59 BOTANY COURT
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,620.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,579.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 46.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,666,400.00
P & I AMT: 11,323.61
UPB AMT: 1,665,088.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031864879 MORTGAGORS: GABLER MICHAEL
MILLS-GABLER SUSAN
REGION CODE ADDRESS : 3317 SAN SABA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.61100
----------------------------------------------------------------
0 0031864887 MORTGAGORS: OLSTER DANIEL
REGION CODE ADDRESS : 22103 AVENIDA MORELOS
01 CITY : LOS ANGELES
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,382.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031864895 MORTGAGORS: BOYLES CHARLES
BOYLES DORI
REGION CODE ADDRESS : 2760 SUMMERLAND ROAD
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,722.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------
0 0031864903 MORTGAGORS: JURUN NICHOLAS
JURUN DEBRA
REGION CODE ADDRESS : 10 SILVERBIT LANE
01 CITY : ROLLING HILLS ESTATE
STATE/ZIP : CA 90274
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.91300
----------------------------------------------------------------
0 0031864937 MORTGAGORS: FOLK RANDALL
REGION CODE ADDRESS : 4892 MARLBOROUGH DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92116
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,796.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,600.00
P & I AMT: 10,925.16
UPB AMT: 1,597,355.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031864945 MORTGAGORS: DAVIS RUSSELL
DAVIS BRENDA
REGION CODE ADDRESS : 1217 VINTER WAY
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,782.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031864952 MORTGAGORS: COOGAN MICHAEL
COOGAN HOLLY
REGION CODE ADDRESS : 1501 MAGNOLIA AVE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 302,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,275.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,115.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.62500
----------------------------------------------------------------
0 0031864960 MORTGAGORS: MONAGHAN PETER
MONAGHAN SUE
REGION CODE ADDRESS : 3101 BERKELEY CIRCLE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.41100
----------------------------------------------------------------
0 0031864994 MORTGAGORS: KRIVDA STEPHEN
KRIVDA MARY
REGION CODE ADDRESS : 9717 BYEFORDE ROAD
01 CITY : KENSINGTON
STATE/ZIP : MD 20895
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,011.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031865017 MORTGAGORS: MARGOLIN TIFFANY
REGION CODE ADDRESS : 2416 VOORHEES AVENUE #A
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.38800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,500.00
P & I AMT: 9,611.79
UPB AMT: 1,395,633.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031865041 MORTGAGORS: VERDOLIVA KENNETH
VERDOLIVA CECILIA
REGION CODE ADDRESS : 16563 SHADY OAKS DR
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,599.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031865074 MORTGAGORS: VEJSICKY SCOTT
REGION CODE ADDRESS : 2682 OAK KNOLL DRIVE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,578.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031865082 MORTGAGORS: PRICE MICHAEL
PRICE JO-ANN
REGION CODE ADDRESS : 102 ACADIAN LANE
01 CITY : MANDEVILLE
STATE/ZIP : LA 11788
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,018.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.94366
----------------------------------------------------------------
0 0031865165 MORTGAGORS: MAIOLINO ROSARIO
REGION CODE ADDRESS : 4556 MERCURIO STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,753.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,413.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.30900
----------------------------------------------------------------
0 0031865173 MORTGAGORS: LYONS JAMES
LYONS RENEE
REGION CODE ADDRESS : 9481 PINEY MOUNTAIN ROAD
01 CITY : WARRENTON
STATE/ZIP : VA 20186
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,082.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,918.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 45.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,300.00
P & I AMT: 10,680.25
UPB AMT: 1,570,032.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031865215 MORTGAGORS: MELVIN ERIC
REGION CODE ADDRESS : 2015 CANYON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,710.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,266.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.31000
----------------------------------------------------------------
0 0031865231 MORTGAGORS: WITTE MICHAEL
WITTE M
REGION CODE ADDRESS : 1009 DALEBROOK DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 82615
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,438.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/23
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031865264 MORTGAGORS: HAYES JAMES
HAYES KWANGJA
REGION CODE ADDRESS : 1973 WOODLAND HEIGHTS GLEN
01 CITY : ESCONDIDO
STATE/ZIP : CA 92026
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031865272 MORTGAGORS: KARLOVICH ROBERT
KARLOVICH SUSAN
REGION CODE ADDRESS : 1794 LOS GATOS-ALMADEN ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.17500
----------------------------------------------------------------
0 0031865280 MORTGAGORS: DUFFY MICHAEL
DUFFY JOAN
REGION CODE ADDRESS : 329 WEST BAY VIEW DRIVE
01 CITY : DOVER TOWNSHIP
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,541,000.00
P & I AMT: 10,595.52
UPB AMT: 1,539,959.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031865306 MORTGAGORS: MILLIGAN PATRICK
MILLIGAN JACQUELINE
REGION CODE ADDRESS : 1672 RANCHO HILLS DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,283.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.85700
----------------------------------------------------------------
0 0031865348 MORTGAGORS: JONES RALPH
QUIOCHO HELEN
REGION CODE ADDRESS : 838 VIA PACHECO
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,767.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031865397 MORTGAGORS: JUAREZ ERIC
JUAREZ SHELLY
REGION CODE ADDRESS : 898 ELKRIDGE STREET
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,798.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.92600
----------------------------------------------------------------
0 0031865413 MORTGAGORS: JACKSON JUDY
REGION CODE ADDRESS : 12019 AVENIDA SIVRITA
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,741.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031865447 MORTGAGORS: LAU DAVID
ZHONG YINA
REGION CODE ADDRESS : 32706 FOXGLOVE WAY,
01 CITY : UNION CITY,
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 317,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,086.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98267
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,443,600.00
P & I AMT: 9,549.38
UPB AMT: 1,442,190.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031865454 MORTGAGORS: HASKIN DAVID
HASKIN CAROLINE
REGION CODE ADDRESS : 17371 EAST VINELAND AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 402,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,701.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,810.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.89400
----------------------------------------------------------------
0 0031865488 MORTGAGORS: HUANG MING
WEN JENNY
REGION CODE ADDRESS : 32676 MIRABELLA DRIVE,
01 CITY : UNION CITY,
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.97890
----------------------------------------------------------------
0 0031865546 MORTGAGORS: BUSCHING ALICE
REYONLDS DANIEL
REGION CODE ADDRESS : 535-537 CENTRAL AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 363,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,723.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.78000
----------------------------------------------------------------
0 0031865553 MORTGAGORS: COLLOFF IAN
COLLOFF GILLIAN
REGION CODE ADDRESS : 306 LOS GATOS BOULEVARD
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,706.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031865579 MORTGAGORS: BRAY KENNETH
BRAY DORIS
REGION CODE ADDRESS : 533 ALTA VISTA WAY
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 516,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 515,577.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,432.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.16800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,966,000.00
P & I AMT: 13,296.79
UPB AMT: 1,965,002.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031865595 MORTGAGORS: FOLTZ STEPHEN
FOLTZ SUSAN
REGION CODE ADDRESS : 6 GOLDENSPUR LANE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,009.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 64.38300
----------------------------------------------------------------
0 0031865603 MORTGAGORS: RIESER MARVIN
SHARP KATHLEEN
REGION CODE ADDRESS : 3415 AVENIDA SIERRA
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 292,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,682.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.11600
----------------------------------------------------------------
0 0031865611 MORTGAGORS: BLOCK HAL
BLOCK EVITA
REGION CODE ADDRESS : 26441 STRATFORD
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,286.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.04200
----------------------------------------------------------------
0 0031865660 MORTGAGORS: ACKER ROBERT
ACKER DEBORAH
REGION CODE ADDRESS : 21261 CALLE HORIZONTE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031865686 MORTGAGORS: SCHMITT MICHAEL
SCHMITT MARY
REGION CODE ADDRESS : 13444 SALMON RIVER ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,651.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,400.00
P & I AMT: 10,605.92
UPB AMT: 1,569,620.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031865728 MORTGAGORS: DAVIS LON
DAVIS HEATHER
REGION CODE ADDRESS : 3611 STEWART AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,970.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.36500
----------------------------------------------------------------
0 0031865751 MORTGAGORS: DALSANIA VINOD
MAKADIA KIRAN
REGION CODE ADDRESS : 1089 CLIFFORD LN
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.64800
----------------------------------------------------------------
0 0031865793 MORTGAGORS: BAZARKO NESTOR
BAZARKO MARTHA
REGION CODE ADDRESS : 2016 HAVERFORD DRIVE
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
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 : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.13900
----------------------------------------------------------------
0 0031865819 MORTGAGORS: PRICE LINDA
REGION CODE ADDRESS : 8851 ROSEWOOD AVENUE
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90048
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031865835 MORTGAGORS: BARTNEK STEVE
BARTNEK VICKI
REGION CODE ADDRESS : 480 FARALLON DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,300.00
P & I AMT: 10,372.32
UPB AMT: 1,494,894.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031867039 MORTGAGORS: MCHALE SCOTT
MCHALE NORMA
REGION CODE ADDRESS : 2403 LA TINADA COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031867120 MORTGAGORS: NGUYEN LANCE
NGUYEN KEN
REGION CODE ADDRESS : 1726 FUMIA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 388,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,551.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 84.98868
----------------------------------------------------------------
0 0031867179 MORTGAGORS: NELSON DEAN
NELSON AMIDA
REGION CODE ADDRESS : 32714 FOXGLOVE WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 345,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,296.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99110
----------------------------------------------------------------
0 0031867203 MORTGAGORS: GREENE STANTON
GREENE GAIL
REGION CODE ADDRESS : 5271 BEACHCOMBER COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 371,492.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,492.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,440.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031867229 MORTGAGORS: ARCHER MICHELE
REGION CODE ADDRESS : 20090 HERON DRIVE
01 CITY : BODEGA BAY
STATE/ZIP : CA 94923
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 56.59091
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,618,092.00
P & I AMT: 10,744.77
UPB AMT: 1,618,092.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031867468 MORTGAGORS: WANDRY GEOFF
REGION CODE ADDRESS : 4857 EAST CHOLLA STREET
01 CITY : SCOTTSDALLE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,978.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031867476 MORTGAGORS: SIGUR JEROME
SIGUR CONNIE
REGION CODE ADDRESS : 38 TIERRA MONTE DRIVE NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 338,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,997.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.40000
----------------------------------------------------------------
0 0031867526 MORTGAGORS: PELLE JOSEPH
PELLE GLENDA
REGION CODE ADDRESS : 916 PARKVIEW LN
01 CITY : SOUTH LAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 455,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,929.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,028.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031867559 MORTGAGORS: LEBLANC WILLIAM
LEBLANC DONNA
REGION CODE ADDRESS : 19801 OLMSTEAD ROAD NE
01 CITY : AURORA
STATE/ZIP : OR 97002
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,571.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031867708 MORTGAGORS: BARLOW ROBERT
BARLOW CATHERINE
REGION CODE ADDRESS : 12795 NW CREEKSIDE DR
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 347,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,341.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,689,750.00
P & I AMT: 11,373.98
UPB AMT: 1,683,817.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031867732 MORTGAGORS: NYONE WILLIAM
NYONE KATHY
REGION CODE ADDRESS : 13072 SE SPRING MOUNTAIN DRIVE
01 CITY : PORTLAND
STATE/ZIP : OR 97236
MORTGAGE AMOUNT : 240,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,413.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031868664 MORTGAGORS: ZAVERI BHARAT
ZAVERI PARU
REGION CODE ADDRESS : 1184 STARLING VIEW DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 45.50500
----------------------------------------------------------------
0 0031868722 MORTGAGORS: COMEY ROBERT
COMEY DARLENE
REGION CODE ADDRESS : 1524 EMMONS CANYON DRIVE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 430,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.30158
----------------------------------------------------------------
0 0031868730 MORTGAGORS: KREUTNER JAMES
KREUTNER BETTY
REGION CODE ADDRESS : 12429 68TH AVENUE NE
01 CITY : KIRKLAND
STATE/ZIP : WA 98304
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,588.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 59.52300
----------------------------------------------------------------
0 0031868748 MORTGAGORS: WAITE DALE
WAITE VICKY
REGION CODE ADDRESS : 17846 MOUNTAIN RANCH ROAD
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,654.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,135.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.37300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,699,100.00
P & I AMT: 11,548.82
UPB AMT: 1,697,957.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031868763 MORTGAGORS: LIN SHOW-CHIN
LIN JEN-HONG
REGION CODE ADDRESS : 32730 FOXGLOVE WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 303,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031868870 MORTGAGORS: RICHARDS MICHAEL
RICHARDS SUSAN
REGION CODE ADDRESS : 18826 SE 42ND STREET
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,814.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 40.69700
----------------------------------------------------------------
0 0031868912 MORTGAGORS: ISSA TANIA
ISSA ANTOINE
REGION CODE ADDRESS : 11815 198TH AVENUE SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,579.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031868961 MORTGAGORS: JEFFERS JAMES
JEFFERS BONNIE
REGION CODE ADDRESS : 16391 VALLEY SPRINGS ROAD
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.98700
----------------------------------------------------------------
0 0031869001 MORTGAGORS: JANTZEN VICTORIA
REGION CODE ADDRESS : 27 MEADOWRUE LANE
01 CITY : EAST NORTHPORT
STATE/ZIP : NY 11731
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,763.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,650.00
P & I AMT: 9,924.31
UPB AMT: 1,475,807.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031869027 MORTGAGORS: HANSON DAVID
HANSON ELIZABETH
REGION CODE ADDRESS : 27175 BIG HORN MOUNTAIN WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 527,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 527,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,462.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.26600
----------------------------------------------------------------
0 0031869308 MORTGAGORS: CYMERINT MARK
REGION CODE ADDRESS : 7 TALEGA
01 CITY : RCHO STA MARG (AREA)
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,813.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.33300
----------------------------------------------------------------
0 0031869639 MORTGAGORS: COPREN ROBERT
LUNDERRVILLE MARJORIE
REGION CODE ADDRESS : 252 APTOS BEACH DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031869878 MORTGAGORS: KJELLBERG ANDERS
KJELLBERG TUIJA
REGION CODE ADDRESS : 12636 N.W. 14TH STREET
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33071
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031870405 MORTGAGORS: PECK SAMUEL
PECK SUSAN
REGION CODE ADDRESS : 4544 GATESHEAD BAY
01 CITY : OXNARD
STATE/ZIP : CA 93035
MORTGAGE AMOUNT : 322,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,119.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.18300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,659,150.00
P & I AMT: 11,170.78
UPB AMT: 1,658,963.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031870579 MORTGAGORS: HIRSHBURG RICHARD
HIRSHBURG WENDY
REGION CODE ADDRESS : 2332 NW 97TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98117
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.66500
----------------------------------------------------------------
0 0031870603 MORTGAGORS: MIRANDA RAMIRO
MIRANDA ANNE
REGION CODE ADDRESS : 456 DEBORAH LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 581,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 581,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,014.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031870611 MORTGAGORS: FOX THOMAS
FOX CATHERINE
REGION CODE ADDRESS : 15 MORELLA
01 CITY : FOOTHILL RANCH AREA
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031870637 MORTGAGORS: GLISMAN GREGORY
GLISMAN SARAH
REGION CODE ADDRESS : 315 N WILLOW SPRINGS ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,756.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.09700
----------------------------------------------------------------
0 0031870694 MORTGAGORS: HINEY JOHN
HINEY KATHRYN
REGION CODE ADDRESS : 71 WALNUT STREET
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,250.00
P & I AMT: 11,328.83
UPB AMT: 1,646,822.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031870850 MORTGAGORS: DILLS ROBERT
DILLS MELISSA
REGION CODE ADDRESS : 2019 TEODORO STREET
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.35200
----------------------------------------------------------------
0 0031870884 MORTGAGORS: CHOK CYRIL
KONG CHOK MARGARET
REGION CODE ADDRESS : 14 CHENILE
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031870900 MORTGAGORS: TIDMORE THOMAS
TIDMORE TAMARA
REGION CODE ADDRESS : 245 SOUTH OWENS DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.50900
----------------------------------------------------------------
0 0031870934 MORTGAGORS: VAN WECHEL ERICK
VAN WECHEL CHERIE
REGION CODE ADDRESS : 1959 QUIET RANCH ROAD,
01 CITY : FALLBROOK,
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.65200
----------------------------------------------------------------
0 0031870991 MORTGAGORS: SMITH THOMAS
SMITH DEBRA
REGION CODE ADDRESS : 39202 CALLE BANDIDO
01 CITY : LA CRESTA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,775.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,648,000.00
P & I AMT: 11,208.93
UPB AMT: 1,648,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031871858 MORTGAGORS: SAGE MARTHA
SAGE STEVEN
REGION CODE ADDRESS : 751 CALIFORNIA STREET
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031871890 MORTGAGORS: EADS STANTON
EADS ROSEMARY
REGION CODE ADDRESS : 705 KNOCKABOUL WAY
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,783.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031871908 MORTGAGORS: CHANCO LEO
CHANCO MARILOU
REGION CODE ADDRESS : 408 ATHENS STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,249.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031871940 MORTGAGORS: MACPHAIL JAMES
MACPHAIL KATHRYN
REGION CODE ADDRESS : 1005 BOREL RD
01 CITY : HEALDSBURG
STATE/ZIP : CA 95448
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031871957 MORTGAGORS: GOETZINGER JOHN
GOETZINGER RUTH
REGION CODE ADDRESS : 511 WEST HIGHLAND DRIVE
01 CITY : SEATTLE
STATE/ZIP : WA 98119
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,547.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 40.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,720,500.00
P & I AMT: 11,782.76
UPB AMT: 1,716,580.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031871981 MORTGAGORS: WESTMORE MICHAEL
WESTMORE MARION
REGION CODE ADDRESS : 4616 BALBOA AVENUE
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 38.33333
----------------------------------------------------------------
0 0031872062 MORTGAGORS: ADAMS WANDA
REGION CODE ADDRESS : 838 HILLCREST DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.64800
----------------------------------------------------------------
0 0031872088 MORTGAGORS: RANDALL PENNY
REGION CODE ADDRESS : 100 SOUTH STREET #307
01 CITY : SAUSALITO,
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031872096 MORTGAGORS: KING MARY
REGION CODE ADDRESS : 17191 APEL LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 265,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031872138 MORTGAGORS: ANDREWS DAVID
ANDREWS SUSAN
REGION CODE ADDRESS : 80 BERKELEY AVENUE,
01 CITY : SAN ANSELMO,
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,611,050.00
P & I AMT: 10,906.60
UPB AMT: 1,611,050.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031872146 MORTGAGORS: JOHNS JOSEPH
JOHNS NANCY
REGION CODE ADDRESS : 3934 TIMBERRIDGE ROAD
01 CITY : MOORPARK
STATE/ZIP : CA 93021
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031872153 MORTGAGORS: PARRETT JAMES
PARRETT LISA
REGION CODE ADDRESS : 15 FORREST ROAD
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,864.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031872161 MORTGAGORS: GALLOGLY GARY
GALLOGLY KELLI
REGION CODE ADDRESS : 721 LOST CANYON ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031872203 MORTGAGORS: KAUFMAN DAVID
KAUFMAN MARCI
REGION CODE ADDRESS : 2245 WEST 239TH STREET,
01 CITY : TORRANCE,
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,012.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.87500
----------------------------------------------------------------
0 0031872245 MORTGAGORS: WILLIAMS KEVIN
WILLIAMS N
REGION CODE ADDRESS : 23290 NORTHEAST 17TH STREET
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,545.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.44797
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,627,250.00
P & I AMT: 10,926.48
UPB AMT: 1,626,342.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031872328 MORTGAGORS: DRAGUL PHILIP
DRAGUL SHARON
REGION CODE ADDRESS : 20640 MARTINEZ STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,609.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.51600
----------------------------------------------------------------
0 0031872393 MORTGAGORS: VINEYARD ANNETTE
REGION CODE ADDRESS : 24 LILY COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.47800
----------------------------------------------------------------
0 0031872542 MORTGAGORS: VACCARO MICHAEL
VACCARO THERESA
REGION CODE ADDRESS : 13 CHAMBERLIN COURT
01 CITY : CRANBURY
STATE/ZIP : NJ 08512
MORTGAGE AMOUNT : 333,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031872567 MORTGAGORS: WONG JIMMY
WONG QUEENIE
REGION CODE ADDRESS : 1714 FUMIA DRIVE,
01 CITY : SAN JOSE,
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 333,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031872609 MORTGAGORS: BISEK DENNIS
BISEK THORICE
REGION CODE ADDRESS : 115 CAMINO DEL SOL
01 CITY : VALLEJO
STATE/ZIP : CA 94591
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,268.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,621.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,703,800.00
P & I AMT: 11,089.35
UPB AMT: 1,703,178.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031872641 MORTGAGORS: KIRKPATRICK STEVEN
KIRKPATRICK JANE
REGION CODE ADDRESS : 1 ROCKY RUN
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,763.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031872674 MORTGAGORS: PANCHAL RAMESH
PANCHAL SUNITA
REGION CODE ADDRESS : 44184 IBERO WAY
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,669.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,111.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.57142
----------------------------------------------------------------
0 0031872864 MORTGAGORS: KERNAN DEAN
KERNAN SUSANNE
REGION CODE ADDRESS : 2925 ROSEMARY LANE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22042
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031873748 MORTGAGORS: GOODRICH MARK
GOODRICH BRENDA
REGION CODE ADDRESS : 245 COUNTRY CLUB PARKWAY
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 527,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 527,167.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031873888 MORTGAGORS: GARRY ELIZABETH
REGION CODE ADDRESS : 9952 VOYAGER CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,786.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,917,350.00
P & I AMT: 12,816.36
UPB AMT: 1,916,373.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031873896 MORTGAGORS: REILLY GEORGE
REILLY ROSEICK
REGION CODE ADDRESS : 4904 SMITH CANYON COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,376.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------
0 0031873904 MORTGAGORS: LEWETZON ROBERT
LEWETZON CLAUDIA
REGION CODE ADDRESS : 17 COTTAGE LANE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.13600
----------------------------------------------------------------
0 0031873912 MORTGAGORS: TURGEON GHISLAIN
SIMARD CAROLE
REGION CODE ADDRESS : 32402 MONTEREY DRIVE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.38200
----------------------------------------------------------------
0 0031873920 MORTGAGORS: KOPLOWITZ STUART
BERLIN CHRISTINE
REGION CODE ADDRESS : 6841 GUNN DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031873953 MORTGAGORS: MOORE RUSSEL
MOORE KARLA
REGION CODE ADDRESS : 529 PLAYA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,724,000.00
P & I AMT: 11,916.34
UPB AMT: 1,724,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031873961 MORTGAGORS: WELLS A.C.
WELLS J.E.
REGION CODE ADDRESS : 19 OAKBROOK DRIVE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,206.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.29400
----------------------------------------------------------------
0 0031873979 MORTGAGORS: STEMP ERIC
MILLER KAREN
REGION CODE ADDRESS : 5241 SHIRLEY AVE,
01 CITY : LOS ANGELES
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.66600
----------------------------------------------------------------
0 0031873987 MORTGAGORS: THOMAS CHARLES
THOMAS MARIANNE
REGION CODE ADDRESS : 121 DRAEGER DRIVE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.41500
----------------------------------------------------------------
0 0031873995 MORTGAGORS: RABY STEPHEN
RABY CAROL
REGION CODE ADDRESS : 4258 HEPPNER LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031874027 MORTGAGORS: HIATT ROBERT
HIATT JUNE
REGION CODE ADDRESS : 145 HILLCREST ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94705
MORTGAGE AMOUNT : 649,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,378.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.40900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,058,950.00
P & I AMT: 13,932.47
UPB AMT: 2,058,950.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031874068 MORTGAGORS: QIU ZI
TENG XIA
REGION CODE ADDRESS : 56 RICHARDSON ROAD
01 CITY : KENSINGTON
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.44400
----------------------------------------------------------------
0 0031874076 MORTGAGORS: SLATTERY ROBERT
SLATTERY KATHLEEN
REGION CODE ADDRESS : 1112 ILIFF STREET
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 647,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,523.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.56900
----------------------------------------------------------------
0 0031874084 MORTGAGORS: THEODORE DAWN
THEODORE DEAN
REGION CODE ADDRESS : 26821 SAGE COURT
01 CITY : CALABASAS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.93100
----------------------------------------------------------------
0 0031874092 MORTGAGORS: GUTIERREZ JUAN
GUTIERREZ KARIN
REGION CODE ADDRESS : 118 SUNHAVEN ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 511,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,399.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.05400
----------------------------------------------------------------
0 0031874431 MORTGAGORS: BROOM CHARLES
BROOM SANDRA
REGION CODE ADDRESS : 476 GAMAY COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 460,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,143.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,189,800.00
P & I AMT: 15,037.33
UPB AMT: 2,189,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031874449 MORTGAGORS: GRASS GREGORY
GRASS KIMBERLY
REGION CODE ADDRESS : 5487 WILDFLOWER DR.
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.28500
----------------------------------------------------------------
0 0031875552 MORTGAGORS: SCRANTON JOHN
SCRANTON EILEEN
REGION CODE ADDRESS : 45 PLYMOUTH COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 285,843.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,843.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.97100
----------------------------------------------------------------
0 0031875560 MORTGAGORS: WHEELER JAMES
WHEELER JULIA
REGION CODE ADDRESS : 1138 BORDEAUX ST
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,015.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.49700
----------------------------------------------------------------
0 0031875628 MORTGAGORS: TRAN CHARLES
TRAN CAROLYN
REGION CODE ADDRESS : 24681 BELGREEN PLACE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031875750 MORTGAGORS: RIDEAU RODNEY
HESTON GUY
REGION CODE ADDRESS : 3300 EAST SECOND STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 35212
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,843.00
P & I AMT: 9,914.69
UPB AMT: 1,478,843.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031875800 MORTGAGORS: DORMAN CHARLES
DORMAN LINDA
REGION CODE ADDRESS : 3876 FOURTEEN MILE DRIVE
01 CITY : STOCKTON
STATE/ZIP : CA 95219
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,773.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031875966 MORTGAGORS: VOGAN CHARLES
VOGAN LINDA
REGION CODE ADDRESS : 3348 MIDDLE PLANTATION QUAY
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23452
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,007.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,564.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031875990 MORTGAGORS: DIXON ANNA
REGION CODE ADDRESS : 10107 VIEW POINT COURT
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 74.11700
----------------------------------------------------------------
0 0031876022 MORTGAGORS: O'CONNOR DANIEL
O'CONNOR PAMELA SUE
REGION CODE ADDRESS : 530 SOUTH GEORGE STREET
01 CITY : CHARLES TOWN
STATE/ZIP : WV 25414
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,305.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031876055 MORTGAGORS: COLEMAN ROBERT
COLEMAN CANDACE
REGION CODE ADDRESS : 7565 WOLF BROOK DR.
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,770.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,357,700.00
P & I AMT: 9,003.04
UPB AMT: 1,356,856.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031876063 MORTGAGORS: SHAPIRO BRUCE
SHAPIRO ELIZABETH
REGION CODE ADDRESS : 38 BISSELL ROAD
01 CITY : LEBANON
STATE/ZIP : NJ 08833
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,365.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031877202 MORTGAGORS: HOUSKE CHESLEY
REGION CODE ADDRESS : 27401 EAST VALE ROAD
01 CITY : PALOS VERDES, PENINSULA A
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 563,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 563,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,604.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 69.07900
----------------------------------------------------------------
0 0031877210 MORTGAGORS: AVILES HIRAM
AVILES DIANE
REGION CODE ADDRESS : 4212 ESCUDERO DRIVE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 240,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,581.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031877244 MORTGAGORS: SMITH REBECCA
RADER CONNI
REGION CODE ADDRESS : 90 MCKEON COURT
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031877277 MORTGAGORS: DRUZ LOREN
REGION CODE ADDRESS : 5277 PASEO SERRA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,599,000.00
P & I AMT: 10,413.63
UPB AMT: 1,598,765.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031877293 MORTGAGORS: KIM YONG
YOU KEE JUDITH
REGION CODE ADDRESS : 179 BUTTERFIELD DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031877459 MORTGAGORS: YAJNIK KASHYAP
YAJNIK PRAKRITI
REGION CODE ADDRESS : 1702 FUMIA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 352,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031877467 MORTGAGORS: RASMUSSEN BRIAN
SMITH KATHERINE
REGION CODE ADDRESS : 224 SALSIPUEDES ROAD
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,705.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.77200
----------------------------------------------------------------
0 0031878309 MORTGAGORS: GOROSTIETA CARLOS
GOROSTIETA ELIZABETH
REGION CODE ADDRESS : 105 PEBBLE BEACH WAY
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.97700
----------------------------------------------------------------
0 0031878598 MORTGAGORS: MELO WILLIAM
MELO SUSAN
REGION CODE ADDRESS : 4 EAST BOULDER CREEK ROAD
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,737,100.00
P & I AMT: 11,562.64
UPB AMT: 1,736,805.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031878614 MORTGAGORS: YUM KWANG
YUM MARIA
REGION CODE ADDRESS : 1170 REDFERN CT
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,015.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031878648 MORTGAGORS: SUNDAY MICHAEL
SUNDAY LAURA
REGION CODE ADDRESS : 120 EASTMAN COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 395,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.01900
----------------------------------------------------------------
0 0031878663 MORTGAGORS: MARTINEZ VICTORIA
REYES FRANCISCO
REGION CODE ADDRESS : 2817 GLEN DECKER CT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 282,560.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,560.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031878697 MORTGAGORS: WANG CHONGZHEN
TAM MEI
REGION CODE ADDRESS : 1142 COLONIAL LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031878903 MORTGAGORS: ABAPO JOSEPH
ABAPO VIVIAN
REGION CODE ADDRESS : 5430 KODIAK MOUNTAIN DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 378,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,457.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,832,160.00
P & I AMT: 12,096.92
UPB AMT: 1,832,160.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031878986 MORTGAGORS: FULLER LARS
FULLER JANET
REGION CODE ADDRESS : 201 BONITA AVENUE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.27000
----------------------------------------------------------------
0 0031878994 MORTGAGORS: CHOVICK NORA
YOUNG FRED
REGION CODE ADDRESS : 4361 BRIDGEVIEW DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031879042 MORTGAGORS: BURRILL JEFFREY
BURRILL HOLLY
REGION CODE ADDRESS : 164 GREENBROOK DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.33300
----------------------------------------------------------------
0 0031879075 MORTGAGORS: STEFFENS THOMAS
STEFFENS ARRAH
REGION CODE ADDRESS : 6701 EAGLE DRIVE
01 CITY : MOSES LAKE
STATE/ZIP : WA 98837
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031879091 MORTGAGORS: MYERS JED
MYERS ABIGAIL
REGION CODE ADDRESS : 6007 28TH AVENUE NORTHEAST
01 CITY : SEATTLE
STATE/ZIP : WA 98115
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.05200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,300.00
P & I AMT: 9,225.74
UPB AMT: 1,352,300.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031879133 MORTGAGORS: LEHNER JOANNE
REGION CODE ADDRESS : 7019 VIA CALAFIA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.42800
----------------------------------------------------------------
0 0031879182 MORTGAGORS: MC LAIN RICHMOND
PALCHIKOFF KIM
REGION CODE ADDRESS : 6302 ATHENA DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.98500
----------------------------------------------------------------
0 0031879190 MORTGAGORS: SALDIVAR VICTOR
SALDIVAR R.M. CRISTINA
REGION CODE ADDRESS : 316 FOX HALL LANE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78213
MORTGAGE AMOUNT : 494,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,404.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,333.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.68500
----------------------------------------------------------------
0 0031879216 MORTGAGORS: COLLINS ROBERT
GROHMAN-COLLINS HELEN
REGION CODE ADDRESS : 17 INVERARY
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 273,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,491.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.98600
----------------------------------------------------------------
0 0031879232 MORTGAGORS: TROXEL DOUGLAS
TROXEL CAROL
REGION CODE ADDRESS : 300 COPA DE ORO DRIVE
01 CITY : BREA
STATE/ZIP : CA 92823
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,654.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,910.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,744,000.00
P & I AMT: 11,773.13
UPB AMT: 1,743,050.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031879257 MORTGAGORS: KNAUP KIM
REGION CODE ADDRESS : 208 SOUTH BAYBERRY STREET
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.13600
----------------------------------------------------------------
0 0031879273 MORTGAGORS: CARTER CHRIS
REGION CODE ADDRESS : 1807 ROSSWOOD DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031879323 MORTGAGORS: FOLKS BRIAN
FOLKS KERI
REGION CODE ADDRESS : 7022 BEECHFIELD DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.88700
----------------------------------------------------------------
0 0031879398 MORTGAGORS: MIORELLI CHRISTOPHER
MIORELLI JULIE
REGION CODE ADDRESS : 21702 SEASIDE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031879570 MORTGAGORS: EX HARVEY
EX DONNA
REGION CODE ADDRESS : 5009 ORRVILLE AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.70500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,000.00
P & I AMT: 10,059.09
UPB AMT: 1,501,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031879588 MORTGAGORS: CURE BRIAN
CURE DIANNA
REGION CODE ADDRESS : 515 9TH STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031879810 MORTGAGORS: ARCHER PAUL
ARCHER SHANNON
REGION CODE ADDRESS : 4149 PANVISTA LANE
01 CITY : LANGLEY
STATE/ZIP : WA 98260
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 452,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031880099 MORTGAGORS: MANDELBAUM JUAN
SANDLER CLARA
REGION CODE ADDRESS : 45 MARSHALL STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02446
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.71428
----------------------------------------------------------------
0 0031881154 MORTGAGORS: FIGUEROA FELIX
FIGUEROA NORMA
REGION CODE ADDRESS : 9 WEDGEWOOD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.02500
----------------------------------------------------------------
0 0031881519 MORTGAGORS: FILIPELLI ALBERT
FILIPELLI JANET
REGION CODE ADDRESS : 749 KENDON LANE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,386.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,750,500.00
P & I AMT: 11,634.12
UPB AMT: 1,750,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031881634 MORTGAGORS: ZERULL BRENT
REGION CODE ADDRESS : 222 SEA VIEW AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 632,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 632,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,099.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.23400
----------------------------------------------------------------
0 0031881683 MORTGAGORS: MILLIKEN DOUGLAS
MILLIKEN JENNIFER
REGION CODE ADDRESS : 1800 THOUSAND OAKS BLVD.
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.52400
----------------------------------------------------------------
0 0031881766 MORTGAGORS: OIDEM MICHAEL
OIDEM JEAN
REGION CODE ADDRESS : 6142 ST. ANDREWS WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031881824 MORTGAGORS: GHORBANI ALI
GHORBANI DIANE
REGION CODE ADDRESS : 8507 VICKY LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031881931 MORTGAGORS: GUTMAN MAYTA
GUTMAN ROZALINA
REGION CODE ADDRESS : 1310 CAMPUS DRIVE
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,877,500.00
P & I AMT: 12,431.89
UPB AMT: 1,877,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031883424 MORTGAGORS: KOLBECK PATRICK
KOLBECK LINDA
REGION CODE ADDRESS : 2039 VIA ESPERANZA
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.17300
----------------------------------------------------------------
0 0031883507 MORTGAGORS: LERVOLD NEIL
LERVOLD KATHIE
REGION CODE ADDRESS : 5055 BLACKPOOL AVENUE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 14804
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031883523 MORTGAGORS: SCHMIDT DANIEL
SCHMIDT LESLIE
REGION CODE ADDRESS : 12 WENTWORTH LANE
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 52.38000
----------------------------------------------------------------
0 0031883531 MORTGAGORS: ULITYONOK TEMIRKHAN
REGION CODE ADDRESS : 5 MAPLE LANE
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.85100
----------------------------------------------------------------
0 0031883556 MORTGAGORS: MILLER MICHAEL
MILLER MARY
REGION CODE ADDRESS : 4420 191ST PLACE SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 271,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,600.00
P & I AMT: 10,204.45
UPB AMT: 1,515,600.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031884521 MORTGAGORS: KUEFNER ERIK
KUEFNER ANU
REGION CODE ADDRESS : 3200 BAVARIAN LANE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,200.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.80900
----------------------------------------------------------------
0 0031884893 MORTGAGORS: WEBB JEFF
WEBB NORA
REGION CODE ADDRESS : 16560 SEQUOIA STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.56100
----------------------------------------------------------------
0 0031884968 MORTGAGORS: LITTLE DAVID
LITTLE BETH
REGION CODE ADDRESS : 5778 TROWBRIDGE WAY,
01 CITY : SAN JOSE,
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 453,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,975.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.26200
----------------------------------------------------------------
0 0031885072 MORTGAGORS: GENTLE JAMES
GENTLE MARYGRACE
REGION CODE ADDRESS : 1305 EAST WALNUT AVENUE
01 CITY : EL SEGUNDO,
STATE/ZIP : CA 90245
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.45400
----------------------------------------------------------------
0 0070292529 MORTGAGORS: BURNS MICHAEL
BURNS MAURA
REGION CODE ADDRESS : 4662 KELL LANE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22311
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 92.43243
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,500.00
P & I AMT: 10,638.60
UPB AMT: 1,609,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070309802 MORTGAGORS: SCHWARTZ DAVID
SCHWARTZ SUSAN
REGION CODE ADDRESS : 1079 GINGER LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.13580
----------------------------------------------------------------
0 0070310099 MORTGAGORS: MIRON AVI
MIRON NANCY
REGION CODE ADDRESS : 3527 ALANA DRIVE
01 CITY : SHERMAN OAK
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 444,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,478.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.35385
----------------------------------------------------------------
0 0070310495 MORTGAGORS: STIPEK KAREL
STIPEK MARIA
REGION CODE ADDRESS : 10795 PENINSULAR AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.80952
----------------------------------------------------------------
0 0070313085 MORTGAGORS: GIVECHI ALI
ABRISHAMCAR AFSANEH
REGION CODE ADDRESS : 635 MANGELS AVENUE
01 CITY : SAN FRANCIS
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0070316989 MORTGAGORS: MASCARIN DAVID
MASCARIN MARY
REGION CODE ADDRESS : 21 LUSITANO
01 CITY : COTO DE CAZ
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 370,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,557.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.37333
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,618,100.00
P & I AMT: 11,516.92
UPB AMT: 1,618,100.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070327465 MORTGAGORS: MARTINENGO ROBERT
MARTINENGO KIRIAKI
REGION CODE ADDRESS : 94 MADERA AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 301,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.22751
----------------------------------------------------------------
0 0070330493 MORTGAGORS: HOPPER CHRISTOPHER
HOPPER CECILIA
REGION CODE ADDRESS : 28 ASILOMAR ROAD
01 CITY : Laguna Niguel
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,324.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.03000
----------------------------------------------------------------
0 0070340849 MORTGAGORS: CONWAY JOHN
CONWAY ANN
REGION CODE ADDRESS : 3636 VISTA GRANDE DRIVE NW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87120
MORTGAGE AMOUNT : 289,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.17949
----------------------------------------------------------------
0 0070341086 MORTGAGORS: CARSON MICHAEL
CARSON MICHELE
REGION CODE ADDRESS : 976 SINGING RIDGE ROAD
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.44444
----------------------------------------------------------------
0 0070341235 MORTGAGORS: COHEN JEFFREY
GERSON MINDY
REGION CODE ADDRESS : 12 WILDWOOD DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 64.61538
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,960,100.00
P & I AMT: 13,317.09
UPB AMT: 1,960,100.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070341755 MORTGAGORS: ZINGHIEM JOHN
ZINGHIEM NANCY
REGION CODE ADDRESS : 9815 VILLAGE CENTER DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.41606
----------------------------------------------------------------
0 0070342415 MORTGAGORS: GORDON RANDALL
GRAY ELIZABETH
REGION CODE ADDRESS : 11555 MORRISON STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91601
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.10309
----------------------------------------------------------------
0 0070342548 MORTGAGORS: TERRAZAS ALEX
OSULLIVAN DENISE
REGION CODE ADDRESS : 4455 PIPER DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 273,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.40000
----------------------------------------------------------------
0 0070344551 MORTGAGORS: CUNNINGHAM KAREN
REGION CODE ADDRESS : 1007 OYSTER COVE DRIVE
01 CITY : GRASONVILLE
STATE/ZIP : MD 21638
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.86486
----------------------------------------------------------------
0 0070346218 MORTGAGORS: CARLTON EDWARD
CARLTON DOROTHY
REGION CODE ADDRESS : 112 BROOKLYN BOULEVARD
01 CITY : SEA GIRT
STATE/ZIP : NJ 08750
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,989.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 56.87500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,617,700.00
P & I AMT: 10,822.35
UPB AMT: 1,617,700.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070347539 MORTGAGORS: MILLER BARBARA
MCKINLEY ARNOLD
REGION CODE ADDRESS : 342 LOWELL AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 270,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 40.08889
----------------------------------------------------------------
0 0070354568 MORTGAGORS: SMITH PATRICK
SMITH MARCELLA
REGION CODE ADDRESS : 15828 EAST GRAYSTONE DRIVE
01 CITY : FOUNTAIN HI
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 290,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.50685
----------------------------------------------------------------
0 0070356837 MORTGAGORS: ZAICHIK LEONTY
ZAICHIK ANGELA
REGION CODE ADDRESS : 1845 STONESGATE STREET
01 CITY : WESTLAKE VI
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 268,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.27059
----------------------------------------------------------------
0 0070357371 MORTGAGORS: BERRETTINI WADE
BERRETTINI CHRISTINE
REGION CODE ADDRESS : 160 CHESWOLD VALLEY ROAD
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 562,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,837.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.01316
----------------------------------------------------------------
0 0070360490 MORTGAGORS: PAUL CHRISTIAN
PAUL SUZANNE
REGION CODE ADDRESS : 89 BOLSA AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 378,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.09375
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,770,400.00
P & I AMT: 11,984.44
UPB AMT: 1,770,400.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070361639 MORTGAGORS: WANG PEAN
WANG ER
REGION CODE ADDRESS : 12653 BELMONT PLACE
01 CITY : CERRITOS
STATE/ZIP : CA 90701
MORTGAGE AMOUNT : 460,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,140.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.86179
----------------------------------------------------------------
0 0070366083 MORTGAGORS: LEVINSON RAHMIEL
LEVINSON SOFIA
REGION CODE ADDRESS : 23760 LUND STREET
01 CITY : WOODLAND HI
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 246,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.58824
----------------------------------------------------------------
0 0070367719 MORTGAGORS: GALANTE PAUL
GALANTE ANNA
REGION CODE ADDRESS : 26 SANDPIPER DRIVE
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070378120 MORTGAGORS: MAHONY MARCIA
WEIER LAWRENCE
REGION CODE ADDRESS : 18320 HAMPTON COURT
01 CITY : LOS ANGELES
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 322,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.94737
----------------------------------------------------------------
0 0070388244 MORTGAGORS: CARDENAS VICENTE
LAZCANO CARD MONICA
REGION CODE ADDRESS : 2716 SUSSEX WAY
01 CITY : REDWOOD CIT
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 270,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.17778
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,800.00
P & I AMT: 10,824.01
UPB AMT: 1,576,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070391867 MORTGAGORS: CURRAN THOMAS
HAGGERTY MARY ANN
REGION CODE ADDRESS : 6 NORMANDY DR
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,898.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/18
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 75.49020
----------------------------------------------------------------
0 0070392345 MORTGAGORS: KROLL BRIAN
DAVIS CATHERINE
REGION CODE ADDRESS : 1541 WAVERLY ROAD
01 CITY : GLADWYNE
STATE/ZIP : PA 19035
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.85849
----------------------------------------------------------------
0 0070398060 MORTGAGORS: DORSEY SHANNON
REGION CODE ADDRESS : 6444 COLBY STREET
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 82.91892
----------------------------------------------------------------
0 0070398896 MORTGAGORS: HASTINGS ROBERT
ROBERTSON HA GEORGIA
REGION CODE ADDRESS : 4050 VIA DOLCE
01 CITY : MARINA DEL
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 264,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 91.27586
----------------------------------------------------------------
0 0070401146 MORTGAGORS: PRINSZE GLENN
PRINSZE HEIDE
REGION CODE ADDRESS : 23644 CLEARIDGE DRIVE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 87.63636
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,500.00
P & I AMT: 10,317.07
UPB AMT: 1,472,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070401229 MORTGAGORS: AYCOCK ROBERT
REGION CODE ADDRESS : 2170 EMERALD DRIVE
01 CITY : JONESBORO
STATE/ZIP : GA 30236
MORTGAGE AMOUNT : 264,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.42667
----------------------------------------------------------------
0 0070401484 MORTGAGORS: HARTSHORN STEPHEN
HARTSHORN LYNN
REGION CODE ADDRESS : 6775 CRACKLEBERRY TRAIL
01 CITY : WOODBURY
STATE/ZIP : MN 55129
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.42029
----------------------------------------------------------------
0 0070402896 MORTGAGORS: MCBRIDE JASON
MCBRIDE IRIT
REGION CODE ADDRESS : 3224 18TH STREET
01 CITY : Santa Monica
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,788.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.30000
----------------------------------------------------------------
0 0070404017 MORTGAGORS: ATCHLEY DENNIS
ATCHLEY TINA
REGION CODE ADDRESS : 3435 YONGE ST.
01 CITY : San Diego
STATE/ZIP : CA 92116
MORTGAGE AMOUNT : 351,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,397.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.23000
----------------------------------------------------------------
0 0070404355 MORTGAGORS: BHAGAT CHANDRAVAD
BHAGAT RANJAN
REGION CODE ADDRESS : 7746 EAST RAINVIEW COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 270,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.93182
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,431,400.00
P & I AMT: 9,787.11
UPB AMT: 1,431,188.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070405717 MORTGAGORS: HEFNER GEORGE
HEFNER ANNE
REGION CODE ADDRESS : 2 LEDGEWOOD DRIVE
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.71795
----------------------------------------------------------------
0 0070406061 MORTGAGORS: LANG ANDRE
LANG SUSAN
REGION CODE ADDRESS : 2869 WINTERHAVEN LANE
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.50311
----------------------------------------------------------------
0 0070411442 MORTGAGORS: CHALONER-GILL BENJAMIN
WEYMOUTH SANDRA
REGION CODE ADDRESS : 79 SOUTH SIXTEENTH STREET
01 CITY : San Jose
STATE/ZIP : CA 95112
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0070413919 MORTGAGORS: SLAVIN LAURENCE
SLAVIN SUZANNE
REGION CODE ADDRESS : 95 HERITAGE COURT
01 CITY : WOODCLIFF L
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,073.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.72414
----------------------------------------------------------------
0 0070416276 MORTGAGORS: NGUYEN LONG
LE TAM
REGION CODE ADDRESS : 1860 THIRD AVENUE
01 CITY : Walnut Creek
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,804.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.71000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,000.00
P & I AMT: 10,478.12
UPB AMT: 1,536,804.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070416326 MORTGAGORS: KOLOD LEONARD
KOLOD BARBARA
REGION CODE ADDRESS : 10762 ASHBY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070417977 MORTGAGORS: ROBERTS CLAYTON
ROBERTS GINA
REGION CODE ADDRESS : 9667 LARK CIRCLE
01 CITY : FOUNTAIN VA
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 258,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.55331
----------------------------------------------------------------
0 0070418199 MORTGAGORS: SCHULTZ RICHARD
MOLINAS MARILYN
REGION CODE ADDRESS : 1715 GASCONY ROAD
01 CITY : Encinitas
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.86000
----------------------------------------------------------------
0 0070420559 MORTGAGORS: MOREHEAD WILLIAM
MOREHEAD MELBA
REGION CODE ADDRESS : 3741 BAYS FERRY WAY
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.04762
----------------------------------------------------------------
0 0070426184 MORTGAGORS: AURIEMMA SANTO
AURIEMMA ANITA
REGION CODE ADDRESS : 49 WILLIAM BARNES ROAD
01 CITY : FLEMINGTON
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.71053
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,294,200.00
P & I AMT: 8,871.22
UPB AMT: 1,294,200.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070426622 MORTGAGORS: WALTZER ERIC
WALTZER TERRY
REGION CODE ADDRESS : 5840 EDMOND AVE.
01 CITY : La Crescenta
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070428735 MORTGAGORS: LASH RICHARD
REGION CODE ADDRESS : 25 BELGRAVE AVENUE
01 CITY : SAN FRANCIS
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 309,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,082.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 36.57396
----------------------------------------------------------------
0 0070429691 MORTGAGORS: SNYDER FRED
SNYDER SHANNON
REGION CODE ADDRESS : 15530 VIA DE SANTA FE
01 CITY : Rancho Santa Fe
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 642,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 642,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,936.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 53.50000
----------------------------------------------------------------
0 0070430681 MORTGAGORS: ZGRABIK LAWRENCE
ZGRABIK MARTHA
REGION CODE ADDRESS : 625 DANAS RIDGE DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,492.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.54887
----------------------------------------------------------------
0 0070431838 MORTGAGORS: WALDMAN MICHAEL
WALDMAN MILLA
REGION CODE ADDRESS : 216 SUMMIT AVE UNIT C-2
01 CITY : Brookline
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.78000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,909,050.00
P & I AMT: 13,468.54
UPB AMT: 1,909,050.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070433552 MORTGAGORS: CHOW ULYSS
CHOW HELENA
REGION CODE ADDRESS : 6911 CHERTY DRIVE
01 CITY : RANCHO PALO
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 389,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,658.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.16667
----------------------------------------------------------------
0 0070433826 MORTGAGORS: ICHIKAWA IVA
ICHIKAWA PATRICK
REGION CODE ADDRESS : 1487 CHAVEZ WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070434147 MORTGAGORS: BLACK LAURENCE
REGION CODE ADDRESS : 8913 ASHCROFT AVE.
01 CITY : Los Angeles
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 47.06000
----------------------------------------------------------------
0 0070434402 MORTGAGORS: BAINGO CRAIG
REGION CODE ADDRESS : 1017 FLAMINGO STREET
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070435888 MORTGAGORS: WONG DAVID
WONG LOIS
REGION CODE ADDRESS : 1131 5TH STREET
01 CITY : MANHATTAN B
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 334,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.52593
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,000.00
P & I AMT: 10,386.33
UPB AMT: 1,526,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070439773 MORTGAGORS: AUSTIN FRANKLIN
AUSTIN LORI
REGION CODE ADDRESS : 13118 HEART LEAF COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070440243 MORTGAGORS: SWANE STEVE
SWANE ANNE
REGION CODE ADDRESS : 42 GALE ROAD
01 CITY : HAMPTON
STATE/ZIP : NH 03842
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 83.33333
----------------------------------------------------------------
0 0070441969 MORTGAGORS: BOYCE F
BOYCE JERI
REGION CODE ADDRESS : 15069 CALLE VERANO
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 243,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/23
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.77612
----------------------------------------------------------------
0 0070442686 MORTGAGORS: SMITH DEXTER
SMITH SUSAN
REGION CODE ADDRESS : 6469 RIVER RUN ROAD
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 242,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.90909
----------------------------------------------------------------
0 0070442868 MORTGAGORS: KNUTSON NORVIN
KNUTSON KATHLEEN
REGION CODE ADDRESS : 5650 BOULDER CANYON COURT
01 CITY : CASTRO VALL
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.60000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,454,550.00
P & I AMT: 9,879.29
UPB AMT: 1,454,550.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070443650 MORTGAGORS: HEISE JOHN
HEISE KATHLEEN
REGION CODE ADDRESS : 830 MEANDER DRIVE
01 CITY : WALNUT CREE
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.94872
----------------------------------------------------------------
0 0070444104 MORTGAGORS: GROSSMAN DOUGLAS
SCHULRUD KIMBERLY
REGION CODE ADDRESS : 414 E. AVENUE
01 CITY : Coronado
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 287,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.71000
----------------------------------------------------------------
0 0070446174 MORTGAGORS: MATTINGLY JOHN
MATTINGLY KATIE
REGION CODE ADDRESS : 10954 WESTWOOD BLVD.
01 CITY : Culver City
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.29000
----------------------------------------------------------------
0 0070446604 MORTGAGORS: MODRCIN MATTHEW
ROSENZWEIG JULIE
REGION CODE ADDRESS : 502 NORTH SHORE ROAD
01 CITY : Lake Oswego
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,947.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/18
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.88000
----------------------------------------------------------------
0 0070448782 MORTGAGORS: MAIER GARY
MAIER MARGARET
REGION CODE ADDRESS : 285 BELOIT AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 301,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 46.41538
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,900.00
P & I AMT: 9,699.50
UPB AMT: 1,397,347.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070457775 MORTGAGORS: HOLM STEPHEN
HOLM ROBERTA
REGION CODE ADDRESS : 10205 GARDEN HIGHWAY
01 CITY : Sacramento
STATE/ZIP : CA 95837
MORTGAGE AMOUNT : 312,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.08000
----------------------------------------------------------------
0 0070457973 MORTGAGORS: ELIASON CHATTY
REGION CODE ADDRESS : 55-830 PINEHURST
01 CITY : La Quinta
STATE/ZIP : CA 92253
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,376.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------
0 0070468939 MORTGAGORS: O'CONNOR IAN
O'CONNOR SHERRY
REGION CODE ADDRESS : 2447 SAN MARCO DRIVE
01 CITY : Los Angeles
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,544.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.14000
----------------------------------------------------------------
0 0070474358 MORTGAGORS: GERBER CARLTON
GERBER KELLY
REGION CODE ADDRESS : 8216 CAPTAIN HAWKINS COURT
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070476726 MORTGAGORS: OBERHOLTZER DAVID
SONTAG STEPHANIE
REGION CODE ADDRESS : 2737 28TH STREET
01 CITY : San Diego
STATE/ZIP : CA 92104
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,845,900.00
P & I AMT: 12,672.08
UPB AMT: 1,845,900.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070481270 MORTGAGORS: LYON JAMES
LYON JEANETTE
REGION CODE ADDRESS : 1943 WINDWARD POINT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,110.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070482575 MORTGAGORS: HOVLAND DAVID
HOVLAND GWEN
REGION CODE ADDRESS : 23 TUNAPUNA LANE
01 CITY : Coronado
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 431,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,724.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 79.81000
----------------------------------------------------------------
0 0070486758 MORTGAGORS: ARAGON LAWRENCE
ARAGON JEANNE
REGION CODE ADDRESS : 5409 BROPHY DRIVE
01 CITY : Fremont
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.22000
----------------------------------------------------------------
0 0070487160 MORTGAGORS: HADEN JOHN
HADEN CANDACE
REGION CODE ADDRESS : 241 J AVENUE
01 CITY : Coronado
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 413,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,647.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 59.93000
----------------------------------------------------------------
0 0070487723 MORTGAGORS: RAQUIDAN MARYANN
NASOL RUBEN
REGION CODE ADDRESS : 4092 LOGANBERRY DR
01 CITY : San Jose
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,828,000.00
P & I AMT: 11,992.09
UPB AMT: 1,828,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070488317 MORTGAGORS: DAUZ RAYMUNDO
DAUZ RIZALINA
REGION CODE ADDRESS : 688 HOBART COURT
01 CITY : Fremont
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.48000
----------------------------------------------------------------
0 0070488432 MORTGAGORS: MORRIS SCOTT
MORRIS ROCHELLE
REGION CODE ADDRESS : 12416 SHORTHORN ROAD
01 CITY : Wilton
STATE/ZIP : CA 95693
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,589.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.33000
----------------------------------------------------------------
0 0070490099 MORTGAGORS: RAUSCHENBACH KURT
RAUSCHENBACH KRISTIN
REGION CODE ADDRESS : 36 BATTLE FLAG ROAD
01 CITY : Bedford
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.28000
----------------------------------------------------------------
0 0070490701 MORTGAGORS: I.KAUFMAN RON
KAUFMAN SANDRA
REGION CODE ADDRESS : 2072 BORDEAUX DRIVE
01 CITY : Half Moon Bay
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.60000
----------------------------------------------------------------
0 0070494307 MORTGAGORS: IGNJATOVIC LJUBOMIR
IGNJATOVIC DIANE
REGION CODE ADDRESS : 1007 ASTER AVENUE
01 CITY : Sunnyvale
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.16000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,000.00
P & I AMT: 10,052.22
UPB AMT: 1,515,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070495155 MORTGAGORS: SIBBITT MICHAEL
SIBBITT LAURA
REGION CODE ADDRESS : 1235 KRONA LANE
01 CITY : Concord
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.39000
----------------------------------------------------------------
0 0070495528 MORTGAGORS: SVEDBERG STIG
SVEDBERG DAWN
REGION CODE ADDRESS : 218 CONTESSA COURT
01 CITY : Lafayette
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.16000
----------------------------------------------------------------
0 0070495619 MORTGAGORS: BECKER DOUGLAS
BECKER LAURA
REGION CODE ADDRESS : 3168 FAIRFAX CT.
01 CITY : FREMONT
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070497268 MORTGAGORS: LE CANH
VUONG QUYEN
REGION CODE ADDRESS : 2370 LASS DRIVE
01 CITY : Santa Clara
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070497367 MORTGAGORS: CARROLL DAVID
VELLA KRISTON
REGION CODE ADDRESS : 873 KNOLL DRIVE
01 CITY : San Carlos
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,119.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 48.45000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,774,600.00
P & I AMT: 11,273.54
UPB AMT: 1,774,600.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070498795 MORTGAGORS: KLAASSEN JOEL
KLAASSEN JANET
REGION CODE ADDRESS : 17 HIDDEN SPRINGS DRIVE
01 CITY : Weston
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 494,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,245.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 54.89000
----------------------------------------------------------------
0 0070501192 MORTGAGORS: WEST DAVID
WEST KATHLYN
REGION CODE ADDRESS : 937 E. NEWTON LANE
01 CITY : Placentia
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.22000
----------------------------------------------------------------
0 0070502380 MORTGAGORS: RUSSELL PETER
RUSSELL SYLVIA
REGION CODE ADDRESS : 1750 N. BEVERLY DRIVE
01 CITY : Beverly Hills
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 518,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,489.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 54.53000
----------------------------------------------------------------
0 0070502570 MORTGAGORS: DONNAN JEFFERY
DONNAN DAWN
REGION CODE ADDRESS : 16826 KLEE ST.
01 CITY : North Hills Area
STATE/ZIP : CA 91343
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.64000
----------------------------------------------------------------
0 0070506993 MORTGAGORS: SOLTON CHRISTOPHER
SOLTON ELIZABETH
REGION CODE ADDRESS : 10717 CUSHDON AVENUE
01 CITY : Los Angeles
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 61.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,828,000.00
P & I AMT: 12,269.54
UPB AMT: 1,828,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982330 01 02
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070513197 MORTGAGORS: CARTER STEVEN
CARTER MARGARET
REGION CODE ADDRESS : 1621 OLYMPUS LOOP DRIVE
01 CITY : Vista
STATE/ZIP : CA 92083
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,591.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 1
LOAN AMT: 242,250.00
P & I AMT: 1,591.41
UPB AMT: 242,250.00
0 TOTAL NUM OF LOANS: 1576
LOAN AMT: 522,301,556.00
P & I AMT: 3,531,762.22
UPB AMT: 521,577,059.67
<PAGE>
EXHIBIT C - SUPPLEMENT
SCHEDULE OF COOPERATIVE LOANS
SERIES 1998-23
LOAN NO. CUT-OFF DATE BORROWER
PRINCIPAL BALANCE NAME
7710916 $304,298.45 Stobaugh
7711617 $396,587.00 Cutner
7714512 $549,160.40 Baker
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
----------------, ------
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-23
Pursuant to the Pooling and Servicing Agreement dated
as of November 1, 1998 (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 $________
(4) Aggregate Principal Prepayments in full received
in the applicable Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
<PAGE>
(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: $________
(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: $________
D-2
<PAGE>
(14) Accrued Certificate Interest, Unpaid Class
Interest Shortfalls and Pay-out Rate:
Class A $__________ $__________ ____%
Class M $__________ $__________ ____%
Class B1 $__________ $__________ ____%
Class B2 $__________ $__________ ____%
Class B3 $__________ $__________ ____%
Class B4 $__________ $__________ ____%
Class B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
(15) Principal distributable:
Class A $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(16) Additional distributions to the Class R
Certificate pursuant to Section 4.01(b):
Class R $__________
(17) Distributions Allocable to Unanticipated Recoveries:
Class A __________
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. Subordinate Certificate Writedown
Amount for such Distribution Date: $_____________
6. Prepayment Distribution
Triggers satisfied: Yes No
Class B1 _____ _____
Class B2 _____ _____
Class B3 _____ _____
Class B4 _____ _____
Class B5 _____ _____
7. Base Servicing Fee: $___________
8. Supplemental Servicing Fee: $___________
Capitalized terms used in this Certificate shall have
the same meanings as in the Agreement.
D-4
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[NAME OF OFFICER] ______________________ hereby certifies that:
1. That he [she] is [title of officer] ____________________
of [name of Investor] _______________________________________
(the "Investor"), a __________ ______________________
[description of type of entity] duly organized and existing under
the laws of the [State of ____________] [United States], on
behalf of which he [she] makes this affidavit.
2. The Investor (i) is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between
State Street Bank and Trust Company, as Trustee and GE Capital
Mortgage Services, Inc., dated as of November 1, 1998, 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
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
<PAGE>
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:
E-2
<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 1998-23.
4. That the Purchaser is not, and on __________ [insert
date of transfer of Residual Certificate to Purchaser] will not
be, and is not and on such date will not be investing the assets
of, an employee benefit plan subject to the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), or a plan
subject to Code Section 4975 or a person or entity that is using
the assets of any employee benefit plan or other plan to acquire
a Residual Certificate.
<PAGE>
5. That the Purchaser hereby acknowledges that under the
terms of the Pooling and Servicing Agreement (the "Agreement")
between State Street Bank and Trust Company, as Trustee, and GE
Capital Mortgage Services, Inc., dated as of November 1, 1998, 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)
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
F-2
<PAGE>
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, pursuant to the Pooling and Servicing Agreement.
F-3
<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__.
F-4
<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 1998-23
----------------------------------
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 1998-23
----------------------------------
Ladies and Gentlemen:
1. The undersigned, a [title of officer] _____________
of [name of Investor] _________________________________________
(the "Investor"), a ______________ ___________________
[description of type of entity] duly organized and existing under
the laws of the [State of __________________] [United States],
hereby certifies as follows:
2. The Investor hereby acknowledges that under the
terms of the Pooling and Servicing Agreement between State Street
Bank and Trust Company, as Trustee, and GE Capital Mortgage
Services, Inc. (the "Company"), dated as of November 1, 1998 (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
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.]
I-2
<PAGE>
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:
I-3
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
-----------------, ------
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-23
Pursuant to the Pooling and Servicing Agreement dated
as of November 1, 1998 (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 A $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(2) Aggregate principal prepayments
included in distribution:
Class A $__________
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 A $__________ ____%
Class M $__________ ____%
<PAGE>
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
(4) Amount of distribution allocable
to Unanticipated Recoveries:
Class A $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
(5) Servicing Compensation: $__________
The amounts below are for the aggregate of all
Certificates:
(6) Pool Scheduled Principal
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 A $__________ $__________
Class M $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R $__________ $__________
J-2
<PAGE>
(8) Book value of real
estate acquired
on behalf of
Certificate-holders;
number of related
Mortgage Loans: $__________ __________
(9) Aggregate Scheduled
Principal Balance and
number of delinquent
Mortgage Loans:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans: $__________ __________
(11) Aggregate Scheduled
Principal Balance and
number of modified
Mortgage Loans: $__________ __________
(12) Senior Percentage for
such Distribution Date: __________%
(13) Senior Prepayment
Percentage for such
Distribution Date: __________%
(14) Junior Percentage for
such Distribution Date: __________%
(15) Junior Prepayment
Percentage for such
Distribution Date: __________%
Capitalized terms used in this Statement shall have
the same meanings as in the Agreement.
J-3
<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
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
K-2
<PAGE>
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.
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
K-3
<PAGE>
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
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
K-4
<PAGE>
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
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
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
K-5
<PAGE>
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
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
K-6
<PAGE>
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 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
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<PAGE>
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 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
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<PAGE>
Exemption) of the Trustee, provided that the contents of any such
notification shall be kept confidential by the parties to this
Agreement.
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 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
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<PAGE>
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 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.
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<PAGE>
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
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:______________________
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<PAGE>
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.
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.
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<PAGE>
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class B5 Certificates has been reduced
to zero and any Special Servicing and Collateral Fund Agreement
between the Company and the Purchaser relating to such Class B5
Certificates has been terminated.]
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<PAGE>
IN WITNESS WHEREOF, the Company and the Purchaser have
caused their names to be signed hereto by their respective
officers thereunto duly authorized, all as of the day and year
first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
[PURCHASER]
By:_______________________________
Name:
Title:
Acknowledged and agreed to:
STATE STREET BANK AND TRUST COMPANY
By:___________________________________
Name:
Title:
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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.
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
<PAGE>
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)
L-2
<PAGE>
State of New Jersey )
)ss:
)
On this ____________________day of _________________,
199__, before me appeared ____________________________, to me
personally known, who acknowledged the execution of the foregoing
and who, having been duly sworn states that he/she is a/the
______________________________of GE Capital Mortgage Services,
Inc., that any representations therein contained are true, that
this Lost Note Affidavit was signed and sealed on behalf of GE
Capital Mortgage Services, Inc. and that this Lost Note Affidavit
is the free act and deed of GE Capital Mortgage Services, Inc.
_______________________________________
(Notary Public)
[Notarial Seal]
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<PAGE>
EXHIBIT M
SCHEDULE OF DESIGNATED LOANS
SERIES 1998-23
LOAN NO. ORIGINAL BORROWER
PRINCIPAL BALANCE NAME
31839194 $254,000.00 Buckingham
<PAGE>
EXHIBIT N
SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS
None
<PAGE>
EXHIBIT O
SENIOR PRINCIPAL PRIORITIES
third, to the Senior Certificates, in reduction of the
Class Certificate Principal Balances thereof, to the extent
of remaining Available Funds, concurrently as follows:
(a) to the Class A and Class R Certificates, the
Senior Optimal Principal Amount for such Distribution
Date, in the following order of priority:
(i) to the Class R Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero: and
(ii) to the Class A Certificates, until the
Class Certificate Principal Balance of thereof
has been reduced to zero: and
(b) to the Class PO Certificates (if any), the
Class PO Principal Distribution Amount for such
Distribution Date, until the Class Certificate
Principal Balance thereof has been reduced to zero;
