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) April 29, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of April 1, 1998,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1998-8)
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number,
including area code (609) 661-6100
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
General
On April 29, 1998 GE Capital Mortgage Services, Inc. ("GECMSI")
offered to investors certain classes of its REMIC Multi-Class
Pass-Through Certificates, Series 1998-8 (the "Certificates"),
consisting of two groups of Certificates (the "Pool 1
Certificates" and the "Pool 2 Certificates"), each evidencing
beneficial ownership interest in a distinct trust fund (each, a
"Trust Fund"). The assets of each Trust Fund consist primarily of
a distinct pool ("Pool 1" and "Pool 2", respectively, and each a
"Mortgage Pool") of conventional, one-to four-family residential
loans (the "Mortgage Loans"). Capitalized terms used herein and
not otherwise defined shall have the meanings assigned to them in
the Prospectus dated April 24, 1998 as supplemented by the
Prospectus Supplement dated April 24, 1998.
Pool 1 - The original principal balance of each Class of the Pool
1 Certificates is as follows:
Class 1-A1 $200,000,000.00
Class 1-A2 $3,000,000.00
Class 1-A3 $223,000,000.00
Class 1-A4 $23,933,914.00
Class 1-A5 $29,000,000.00
Class 1-R $100.00
Class 1-M $10,516,000.00
Class 1-B1 $4,006,000.00
Class 1-B2 $2,253,000.00
Class 1-B3 $2,003,000.00
Class 1-B4 $1,002,000.00
Class 1-B5 $1,502,644.03
Class 1-PO $528,986.30
---------------
Total: $500,745,644.33
The initial Pool 1 Junior Percentage and Pool 1 Senior Percentage
are approximately 4.25% and 95.75%, respectively. The "Pool 1
Bankruptcy Loss Amount," the "Pool 1 Fraud Loss Amount" and the
"Pool 1 Special Hazard Loss Amount" as of the initial issuance of
the Certificates are $171,498.00, $5,007,456.00 and
$5,007,456.00, respectively, representing approximately .0300%,
1.0000%, and 1.0000%, respectively, of the aggregate Scheduled
Principal Balances of the Pool 1 Mortgage Loans as of April 1,
1998 (the "Cut-off Date").
<PAGE>
POOL 2
The original principal balance of each Class of the Pool 2
Certificates is as follows:
Class 2-A1 $82,349,607.00
Class 2-A2 $15,125,000.00
Class 2-A3 $2,500,000.00
Class 2-A4 $2,750,000.00
Class 2-A5 $4,125,000.00
Class 2-A6 $4,321,969.00
Class 2-A7 $3,625,000.00
Class 2-A8 $3,625,000.00
Class 2-A9 $3,625,000.00
Class 2-A10 $3,625,000.00
Class 2-A11 $3,625,000.00
Class 2-A12 $11,339,531.00
Class 2-A13 $10,000,000.00
Class 2-A14 $17,500,000.00
Class 2-M $3,420,000.00
Class 2-B1 $1,403,000.00
Class 2-B2 $702,000.00
Class 2-B3 $702,000.00
Class 2-B4 $350,000.00
Class 2-B5 $614,867.01
Class 2-R $100.00
Class 2-PO $62,609.31
----------------
Total: $175,390,683.32
The initial Pool 2 Junior Percentage and Pool 2 Senior Percentage
are approximately 4.10% and 95.90%, respectively. The "Pool 2
Bankruptcy Loss Amount," the "Pool 2 Fraud Loss Amount" and the
"Pool 2 Special Hazard Loss Amount" as of the initial issuance of
the Certificates are $100,000.00, $1,753,907.00 and
$3,306,678.00, respectively, representing approximately .0600%,
1.0000%, and 1.8900%, respectively, of the aggregate Scheduled
Principal Balances of the Pool 2 Mortgage Loans as of April 1,
1998 (the "Cut-off Date").
3
<PAGE>
Description of the Mortgage Pool and the Mortgaged Properties
Pool 1
Pool 1 consists primarily of fixed-rate, fully-amortizing
conventional Mortgage Loans (the Pool 1 Mortgage Loans) evidenced
by Mortgage Notes which have original maturities of 20 to 30
years and an aggregate outstanding Scheduled Principal Balance as
of the Cut-off Date, after deducting payments of principal due on
or before such date and prepayments of principal received before
such date, of $500,745,644.33.
The interest rates (the "Mortgage Rates") borne by the 1646 Pool
1 Mortgage Loans conveyed by GECMSI of all Pool 1 Mortgage Loans
range from 6.0000% to 9.0000% and the weighted average Mortgage
Rate as of the Cut-off Date is 7.4346% per annum (all weighted
averages in this filing are weighted by aggregate outstanding
Scheduled Principal Balance of all Pool 1 Mortgage Loans as of
the Cut-off Date). At origination, the principal balances of the
Pool 1 Mortgage Loans ranged from $34,000.00 to $1,000,000.00,
and, as of the Cut-off Date, the average outstanding Scheduled
Principal Balance of the Pool 1 Mortgage Loans is $304,219.71,
after application of principal payments due on or before the
Cut-off Date and prepayments of principal received before such
date. The earliest origination date of any Pool 1 Mortgage Loan
is September 1990, and the latest scheduled maturity date of any
such Mortgage Loan is May 2028. The weighted average
loan-to-value ratio of the Pool 1 Mortgage Loans as of the
Cut-off Date is 74.3784%.
4
<PAGE>
The Pool 1 Mortgage Loans have the following characteristics as
of the Cut-off Date.
a) The following table sets forth information, as of the Cut-off
Date, with respect to the Mortgage Rates borne by the Pool 1
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.0000% 1 $199,000.00 0.0397%
6.5000% 5 $891,739.64 0.1781%
6.6250% 4 $817,811.57 0.1633%
6.7500% 28 $7,178,864.87 1.4336%
6.8750% 53 $13,461,944.29 2.6884%
6.9000% 1 $239,394.59 0.0478%
6.9500% 1 $371,038.95 0.0741%
7.0000% 76 $19,784,338.28 3.9510%
7.0500% 1 $344,254.76 0.0687%
7.1000% 1 $379,078.38 0.0757%
7.1250% 127 $36,563,987.40 7.3019%
7.1500% 1 $68,690.18 0.0137%
7.2000% 4 $1,489,824.41 0.2975%
7.2500% 265 $77,235,445.41 15.4241%
7.3000% 10 $2,917,661.59 0.5827%
7.3500% 16 $5,938,694.40 1.1860%
7.3750% 246 $78,069,267.99 15.5906%
7.4000% 20 $5,871,060.37 1.1725%
7.4500% 27 $8,235,293.19 1.6446%
7.5000% 277 $84,441,536.68 16.8631%
7.5500% 20 $7,109,242.97 1.4197%
7.6000% 22 $6,930,924.43 1.3841%
7.6250% 181 $59,565,915.75 11.8954%
7.6500% 18 $5,602,105.83 1.1188%
7.7000% 39 $13,256,869.27 2.6474%
7.7500% 93 $28,742,159.69 5.7399%
7.8000% 10 $2,684,414.79 0.5361%
7.8500% 11 $3,096,413.85 0.6184%
7.8750% 29 $8,502,420.24 1.6980%
7.9000% 6 $1,555,252.76 0.3106%
7.9500% 1 $299,591.95 0.0598%
8.0000% 17 $5,404,673.28 1.0793%
8.1250% 8 $2,933,150.15 0.5858%
8.2500% 10 $3,766,364.24 0.7522%
8.3750% 4 $1,506,766.38 0.3009%
8.5000% 8 $3,833,840.74 0.7656%
8.6250% 3 $1,206,696.51 0.2410%
8.7500% 1 $148,414.55 0.0296%
9.0000% 1 $101,500.00 0.0203%
----- --------------- ---------
Total 1,646 $500,745,644.33 100.0000%
5
<PAGE>
b) The following table sets forth information, as of the Cut-off
Date, with respect to the original principal balances of the
Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 227,150 263 $38,653,169.93 7.7191%
$227,151 - 250,000 214 $51,573,099.84 10.2993%
$250,001 - 300,000 494 $135,941,307.31 27.1477%
$300,001 - 350,000 257 $83,105,307.46 16.5963%
$350,001 - 400,000 143 $53,473,793.82 10.6788%
$400,001 - 450,000 111 $47,031,482.55 9.3923%
$450,001 - 600,000 126 $64,551,490.93 12.8911%
$600,001 - 650,000 28 $17,808,906.47 3.5565%
$650,001 - 1,000,000 + 10 $8,607,086.02 1.7189%
----- --------------- ---------
Total 1,646 $500,745,644.33 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 1
Mortgage Loan, as of the Cut-off Date, is $1,000,000.00.
The smallest outstanding Scheduled Principal Balance of any Pool
1 Mortgage Loan, as of the Cut-off Date, is $34,000.00.
c) The following table sets forth information, as of the Cut-off
Date, with respect to the years of origination of the Pool 1
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
- ----------- ----- ------------ ---------
1990 1 $153,721.89 0.0307%
1996 2 $564,000.00 0.1126%
1997 274 $88,143,427.81 17.6024%
1998 1,369 $411,884,494.63 82.2543%
----- --------------- ---------
Total 1,646 $500,745,644.33 100.0000%
6
<PAGE>
d) The following table sets forth information, as of the Cut-off
Date, with respect to the loan-to-value ratios of the Pool 1
Mortgage Loans at origination:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 75 $19,559,124.69 3.9060%
50.001 - 60.00 94 $30,299,029.13 6.0508%
60.001 - 70.00 239 $78,806,288.41 15.7378%
70.001 - 75.00 268 $86,600,278.95 17.2943%
75.001 - 80.00 754 $228,796,735.84 45.6911%
80.001 - 85.00 39 $11,419,297.96 2.2805%
85.001 - 90.00 117 $30,986,714.92 6.1881%
90.001 - 95.00 60 $14,278,174.43 2.8514%
----- --------------- ---------
Total 1,646 $500,745,644.33 100.0000%
e) The following table sets forth information, as of the Cut-off
Date, with respect to the type of Mortgaged Properties
securing the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 1,448 $442,433,336.83 88.3549%
Single-family
attached 95 $28,822,042.29 5.7558%
Condominium 80 $21,520,924.55 4.2978%
2 - 4 Family Units 18 $6,270,480.70 1.2522%
Co-op 5 $1,698,859.96 0.3393%
----- --------------- ---------
Total 1,646 $500,745,644.33 100.0000%
f) The following table sets forth information, as of the Cut-off
Date, with respect to the occupancy status of the Mortgaged
Properties securing the Pool 1 Mortgage Loans as represented
by the mortgagors at origination:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 1,609 $491,065,910.40 98.0669%
Vacation 20 $6,112,013.74 1.2206%
Investment 17 $3,567,720.19 0.7125%
----- --------------- ---------
Total 1,646 $500,745,644.33 100.0000%
7
<PAGE>
g) The following table sets forth information, as of the Cut-off
Date, with respect to the geographic distribution of the
Mortgaged Properties securing the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 6 $2,176,728.36 0.4347%
Arizona 22 $6,012,719.97 1.2008%
Arkansas 5 $1,753,550.11 0.3502%
California 759 $249,768,791.33 49.8793%
Colorado 22 $7,141,684.87 1.4262%
Connecticut 34 $11,071,876.04 2.2111%
District Of Columbia 6 $2,523,420.02 0.5039%
Florida 18 $5,793,550.43 1.1570%
Georgia 30 $8,732,133.20 1.7438%
Hawaii 4 $1,468,286.28 0.2932%
Idaho 4 $1,202,137.85 0.2401%
Illinois 82 $20,760,890.76 4.1460%
Indiana 1 $397,689.52 0.0794%
Iowa 1 $360,000.00 0.0719%
Louisiana 1 $299,771.72 0.0599%
Maine 2 $591,379.28 0.1181%
Maryland 50 $15,557,445.44 3.1069%
Massachusetts 136 $36,711,572.54 7.3314%
Michigan 32 $9,510,278.90 1.8992%
Minnesota 20 $6,037,633.20 1.2057%
Missouri 4 $1,281,537.91 0.2559%
Montana 1 $419,340.70 0.0837%
Nevada 2 $716,457.36 0.1431%
New Hampshire 8 $2,060,053.70 0.4114%
New Jersey 119 $27,945,943.86 5.5809%
New Mexico 2 $624,236.15 0.1247%
New York 33 $11,178,937.84 2.2325%
North Carolina 6 $1,466,922.95 0.2929%
North Dakota 1 $279,331.93 0.0558%
Ohio 5 $1,484,547.68 0.2965%
Oregon 12 $3,216,231.39 0.6423%
Pennsylvania 38 $12,180,827.27 2.4325%
Rhode Island 3 $472,726.70 0.0944%
South Carolina 7 $2,203,661.73 0.4401%
Tennessee 2 $549,560.17 0.1097%
Texas 39 $9,153,549.65 1.8280%
Utah 11 $2,932,575.72 0.5856%
Vermont 3 $742,219.81 0.1482%
Virginia 69 $19,984,370.51 3.9909%
Washington 40 $12,040,448.42 2.4045%
West Virginia 1 $276,393.25 0.0552%
Wisconsin 5 $1,664,229.81 0.3324%
----- --------------- ---------
Total 1,646 $500,745,644.33 100.0000%
8
<PAGE>
h) The following table sets forth information, as of the Cut-off
Date, with respect to the maturity dates of the Pool 1
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2017 1 $276,393.25 0.0552%
2018 32 $5,888,119.72 1.1759%
2023 9 $1,970,762.25 0.3936%
2024 1 $401,619.37 0.0802%
2025 1 $249,828.94 0.0499%
2027 93 $29,456,876.86 5.8826%
2028 1,509 $462,502,043.94 92.3626%
----- --------------- ---------
Total 1,646 $500,745,644.33 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 1 Mortgage Loans 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 Pool 1 Mortgage
Loans:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 565 $170,617,116.65 34.0726%
Rate Term/Refinance 900 $274,502,294.06 54.8187%
Cash-out Refinance 181 $55,626,233.62 11.1087%
----- --------------- ---------
Total 1,646 $500,745,644.33 100.0000%
9
<PAGE>
Pool 2
Pool 2 consists primarily of fixed-rate, fully-amortizing
conventional Mortgage Loans (the Pool 2 Mortgage Loans) evidenced
by Mortgage Notes which have original maturities of 20 to 30
years and an aggregate outstanding Scheduled Principal Balance as
of the Cut-off Date, after deducting payments of principal due on
or before such date and prepayments of principal received before
such date, of $175,390,683.32.
The interest rates (the "Mortgage Rates") borne by the 549 Pool 2
Mortgage Loans conveyed by GECMSI range from 6.7500% to 9.0000%
and the weighted average Mortgage Rate as of the Cut-off Date is
7.4482% per annum (all weighted averages in this filing are
weighted by aggregate outstanding Scheduled Principal Balance of
all Pool 2 Mortgage Loans as of the Cut-off Date). At
origination, the principal balances of the Pool 2 Mortgage Loans
ranged from $62,300.00 to $900,000.00, and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 2 Mortgage Loans is $319,473.01, after application of
principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Pool 2 Mortgage Loan is October 1993, and
the latest scheduled maturity date of any such Mortgage Loan is
April 2028. The weighted average loan-to-value ratio of the Pool
2 Mortgage Loans as of the Cut-off Date is 74.7127%.
10
<PAGE>
The Pool 2 Mortgage Loans have the following characteristics as
of the Cut-off Date.
a) The following table sets forth information, as of the Cut-off
Date, with respect to the Mortgage Rates borne by the Pool 2
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.7500% 2 $556,691.88 0.3174%
6.8750% 11 $3,521,688.85 2.0079%
7.0000% 17 $5,401,541.85 3.0797%
7.1000% 1 $303,509.93 0.1730%
7.1250% 31 $9,418,744.14 5.3702%
7.1500% 6 $1,922,561.81 1.0962%
7.2000% 8 $2,434,638.58 1.3881%
7.2500% 84 $26,791,179.44 15.2751%
7.3000% 11 $3,314,262.46 1.8896%
7.3500% 5 $1,711,963.92 0.9761%
7.3750% 102 $32,413,674.58 18.4809%
7.4000% 9 $3,447,504.26 1.9656%
7.4500% 13 $4,627,373.70 2.6383%
7.5000% 100 $30,388,898.46 17.3264%
7.5500% 7 $2,011,861.72 1.1471%
7.6000% 3 $1,155,620.28 0.6589%
7.6250% 82 $27,185,740.73 15.5001%
7.7500% 28 $8,531,533.77 4.8643%
7.8750% 12 $3,299,566.33 1.8813%
8.0000% 3 $792,402.08 0.4518%
8.2500% 2 $721,236.78 0.4112%
8.3750% 4 $1,723,351.41 0.9826%
8.5000% 4 $2,243,023.34 1.2789%
8.7500% 3 $1,390,394.00 0.7927%
9.0000% 1 $81,719.02 0.0466%
----- --------------- ---------
Total 549 $175,390,683.32 100.0000%
11
<PAGE>
b) The following table sets forth information, as of the Cut-off
Date, with respect to the original principal balances of the
Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 227,150 38 $5,918,355.36 3.3744%
$227,151 - 250,000 67 $16,114,294.79 9.1877%
$250,001 - 300,000 187 $51,215,111.86 29.2006%
$300,001 - 350,000 104 $33,616,998.17 19.1669%
$350,001 - 400,000 62 $23,181,610.23 13.2171%
$400,001 - 450,000 33 $14,154,668.75 8.0704%
$450,001 - 600,000 48 $24,502,447.97 13.9702%
$600,001 - 650,000 8 $5,040,738.61 2.8740%
$650,001 - 1,000,000 + 2 $1,646,457.58 0.9387%
----- --------------- ---------
Total 549 $175,390,683.32 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 2
Mortgage Loan, as of the Cut-off Date, is $897,369.50.
The smallest outstanding Scheduled Principal Balance of any Pool
2 Mortgage Loan, as of the Cut-off Date, is $62,300.00.
c) The following table sets forth information, as of the Cut-off
Date, with respect to the years of origination of the Pool 2
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
- ----------- ----- ------------ ---------
1993 1 $337,968.27 0.1927%
1997 58 $20,120,808.55 11.4720%
1998 490 $154,931,906.50 88.3353%
----- --------------- ---------
Total 549 $175,390,683.32 100.0000%
12
<PAGE>
d) The following table sets forth information, as of the Cut-off
Date, with respect to the loan-to-value ratios of the Pool 2
Mortgage Loans at origination:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 12 $3,554,223.67 2.0265%
50.001 - 60.00 36 $12,204,338.63 6.9584%
60.001 - 70.00 85 $30,515,328.77 17.3985%
70.001 - 75.00 88 $28,651,113.87 16.3356%
75.001 - 80.00 262 $82,875,509.03 47.2518%
80.001 - 85.00 11 $2,736,931.45 1.5605%
85.001 - 90.00 34 $9,883,072.15 5.6349%
90.001 - 95.00 21 $4,970,165.75 2.8338%
----- --------------- ---------
Total 549 $175,390,683.32 100.0000%
e) The following table sets forth information, as of the Cut-off
Date, with respect to the type of Mortgaged Properties
securing the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 476 $153,642,440.15 87.6001%
Single-family
attached 36 $10,289,931.54 5.8669%
Condominium 28 $7,841,674.41 4.4710%
2 - 4 Family Units 9 $3,616,637.22 2.0620%
----- --------------- ---------
Total 549 $175,390,683.32 100.0000%
f) The following table sets forth information, as of the Cut-off
Date, with respect to the occupancy status of the Mortgaged
Properties securing the Pool 2 Mortgage Loans as represented
by the mortgagors at origination:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 539 $172,593,442.57 98.4051%
Vacation 6 $2,017,186.80 1.1501%
Investment 4 $780,053.95 0.4448%
----- --------------- ---------
Total 549 $175,390,683.32 100.0000%
13
<PAGE>
g) The following table sets forth information, as of the Cut-off
Date, with respect to the geographic distribution of the
Mortgaged Properties securing the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
California 549 $175,390,683.32 100.0000%
----- --------------- ---------
Total 549 $175,390,683.32 100.0000%
h) The following table sets forth information, as of the Cut-off
Date, with respect to the maturity dates of the Pool 2
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2018 1 $253,840.75 0.1447%
2023 2 $589,187.28 0.3359%
2027 14 $4,849,887.70 2.7652%
2028 532 $169,697,767.59 96.7542%
----- --------------- ---------
Total 549 $175,390,683.32 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 2 Mortgage Loans calculated as of the Cut-off Date is 358
months.
i) The following table sets forth information, as of the Cut-off
Date, with respect to the purpose of the Pool 2 Mortgage
Loans:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 179 $57,453,664.28 32.7575%
Rate Term/Refinance 311 $98,314,269.34 56.0545%
Cash-out Refinance 59 $19,622,749.70 11.1880%
----- --------------- ---------
Total 549 $175,390,683.32 100.0000%
14
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND
EXHIBITS.
1.1 The Underwriting Agreement, dated as of October 23, 1995,
and the related Terms Agreement, dated as of April 24, 1998,
for certain of the Series 1998-8 Certificates between GE
Capital Mortgage Services, Inc. and Salomon Brothers Inc.
4.1 The Pooling and Servicing Agreement for the Series 1998-8
Certificates, dated as of April 1, 1998, between GE Capital
Mortgage Services, Inc., as seller and servicer, and State
Street Bank and Trust Company, as trustee.
15
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By: /s/ Syed W. Ali
-------------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of April 29, 1998
16
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By:
-------------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of April 29, 1998
17
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- ----------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- ----------------------------------------------------------------
1.1 The Underwriting Agreement,
dated as of October 23, 1995, and
the related Terms Agreement,
dated as of April 24, 1998, for
certain of the Series 1998-8
Certificates between GE Capital
Mortgage Services, Inc. and
Salomon Brothers Inc.
4.1 The Pooling and Servicing
Agreement for the Series 1998-8
Certificates, dated as of April 1,
1998, between GE Capital
Mortgage Services, Inc., as seller
and servicer, and State Street
Bank and Trust Company, as
trustee.
- ----------------------------------------------------------------
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Salomon Brothers Inc New York, New York
Seven World Trade Center October 23, 1995
New York, New York 10048
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement," and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such Prospectus Supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
Supplement"), is
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<PAGE>
hereinafter called the "Prospectus". Any reference
herein to the terms "amend," "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
- 3 -
<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
- 4 -
<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
- 5 -
<PAGE>
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(a "Current Report") pursuant to Rule 13a-11 under the
Exchange Act on the business day immediately following the
later of (i) the day on which such Computational Materials
and Structural Term Sheets are delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. and (ii) the
date on which this Agreement is executed and delivered. The
Company will cause one Collateral Term Sheet (as defined in
Section 9 below) with respect to the Offered Certificates
of a Series that is delivered by the Underwriter to the
Company in accordance with the provisions of Section 9 to
be filed with the Commission on a Current Report pursuant
to Rule 13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus
Supplement the Underwriter has delivered to any prospective
investor a Collateral Term Sheet that reflects, in the
reasonable
- 6 -
<PAGE>
judgment of the Underwriter and the Company, a material
change in the characteristics of the Mortgage Loans for the
related Series from those on which a Collateral Term Sheet
with respect to the related Series previously filed with
the Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such
statement or omission or an amendment which will effect
such compliance; provided, however, that the Company will
not be required to file any such amendment or supplement
with respect to any Computational Materials, Structural
Term Sheets or Collateral Term Sheets incorporated by
reference in the
- 7 -
<PAGE>
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office
of
- 8 -
<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick with
respect to its letters furnished pursuant to Section 6(i)
of the Agreement and any letter furnished pursuant to the
last sentence of Section 6(h) hereof, the fees of any firm
of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of the Agreement and any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses").
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly 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
- 9 -
<PAGE>
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 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
- 10 -
<PAGE>
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 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
- 11 -
<PAGE>
(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:
(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;
- 12 -
<PAGE>
(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
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,
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<PAGE>
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
(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
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<PAGE>
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
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
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<PAGE>
regulation applicable to the Trustee, or to such
counsel's knowledge, any indenture or other agreement
or instrument to which the Trustee is a party or by
which it is bound, or, to such counsel's knowledge,
any order of any state or federal court, regulatory
body, administrative agency or governmental body
having jurisdiction over the Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Prospectus Supplement under the caption "Description of the
Mortgage Pool and the Mortgaged Properties" or "Description
of the Mortgage Pools and the 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
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<PAGE>
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 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
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<PAGE>
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
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
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<PAGE>
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
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
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<PAGE>
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 and
incorporated by reference in such Registration Statement or the
related Prospectus or any amendment or supplement thereof (except
that no such indemnity shall be available for any losses, claims,
damages or liabilities, or actions in respect thereof, resulting
from any Mortgage Pool Error, other than a Corrected Mortgage
Pool Error). This indemnity agreement will be in 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
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<PAGE>
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)
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).
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<PAGE>
(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 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
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<PAGE>
and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such
statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter") and the filing of such material is a condition of the
relief granted in such letter (such materials being the
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
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<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 all Computational Materials and
Structural Term Sheets furnished to prospective
investors (and all written and electronic materials
furnished to prospective investors on which the
Computational Materials are based) included a
disclaimer to the effect set forth in Section 8(d);
and
(v) at the time any Computational Materials (or
any written or electronic materials furnished to
prospective investors on which the Computational
Materials are based) with respect to such Offered
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<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 shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that the
Company has not authorized and will not authorize the
distribution of any Computational Materials (or any written or
electronic materials on which the Computational Materials are
based) or Structural Term Sheets to any prospective investor, and
agrees that any Computational Materials or Structural Term Sheets
with respect to any Series of Certificates furnished to
prospective investors from and after October 11, 1995 included
and 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.
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<PAGE>
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, 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
- 26 -
<PAGE>
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
which constitute "Collateral Term Sheets." Each delivery of a
Collateral Term Sheet to the Company pursuant to this paragraph
(a) shall be effected by delivering four copies of such materials
to counsel for the Company on behalf of the Company at the
address specified in Section 3 hereof and one copy of such
materials to the Company. (Collateral Term Sheets and Structural
Term Sheets are, together, referred to herein as "ABS Term
Sheets.") At the time of each such delivery, the Underwriter
shall indicate in writing that the materials being delivered
constitute Collateral Term Sheets, and, if there has been any
prior such delivery with respect to the related Series, shall
indicate whether such materials differ in any material respect
from any Collateral Term Sheets previously delivered to the
Company with respect to such Series pursuant to this Section 9(a)
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter;
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did 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
- 27 -
<PAGE>
(iii) the Underwriter has not represented to
any prospective investor that any Collateral Term Sheets
with respect to any Series were prepared or disseminated on
behalf of the Company, and, except as otherwise disclosed
by the Underwriter to the Company in writing prior to the
date hereof, all Collateral Term Sheets previously
furnished to prospective investors included a disclaimer to
the effect set forth in Section 8(d).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
shall include a disclaimer in form satisfactory to the Company to
the effect set forth in Section 8(d) hereof, and to the effect
that the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
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,
- 28 -
<PAGE>
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; 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
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
- 29 -
<PAGE>
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
- 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.
SALOMON 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 October 23, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Salomon 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,
SALOMON 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 1998-8
TERMS AGREEMENT
---------------
(to Underwriting Agreement
dated October 23, 1995,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus April 24, 1998
Cherry Hill, NJ 08002
Salomon 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 1998-8 Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This Terms
Agreement supplements and modifies the Underwriting Agreement
solely as it relates to the purchase and sale of the Offered
Certificates described below. The Series 1998-8 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-43755).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pools: The Series 1998-8
Certificates shall evidence the entire beneficial ownership
interest in two mortgage pools ("Pool 1" and "Pool 2,"
respectively, and each, a "Mortgage Pool") of conventional, fixed
rate, fully amortizing, first lien one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of April 1, 1998 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of Pool 1:
$500,745,644.33 aggregate principal balance as of the Cutoff
Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance will be not
less than $475,000,000 or greater than $525,000,000.
(b) Aggregate Principal Amount of Pool 1:
$175,390,683.32 aggregate principal balance as of the Cutoff
Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance will be not
less than $166,250,000 or greater than $183,750,000.
<PAGE>
(c) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included
in the Mortgage Pools shall be between 20 and 30 years.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the variance
referred to in Section 1(a):
Initial
Class
Certificate Certificate
Principal Interest Class Purchase
Designation Balance Rate Price Percentage
- ----------- ----------- ----------- ----------------
Class 1-A1 $200,000,000.00 6.750% 98.367200%
Class 1-A2 3,000,000.00 6.750 98.367200
Class 1-A3 223,000,000.00 6.750 98.367200
Class 1-A4 23,933,914.00 6.750 98.367200
Class 1-A5 29,000,000.00 6.750 98.367200
Class 1-M 10,516,000.00 6.750 98.459340
Class 1-B1 4,006,000.00 6.750 97.762270
Class 1-B2 2,253,000.00 6.750 95.714070
Class 1-R 100.00 6.750 98.367200
Class 2-A1 82,349,607.00 6.750 98.250000
Class 2-A2 15,125,000.00 7.000 98.250000
Class 2-A3 2,500,000.00 7.000 98.250000
Class 2-A4 2,750,000.00 7.000 98.250000
Class 2-A5 4,125,000.00 7.000 98.250000
Class 2-A6 4,321,969.00 7.000 98.250000
Class 2-A7 3,625,000.00 7.000 98.250000
Class 2-A8 3,625,000.00 7.000 98.250000
Class 2-A9 3,625,000.00 7.000 98.250000
Class 2-A10 3,625,000.00 7.000 98.250000
Class 2-A11 3,625,000.00 7.000 98.250000
Class 2-A12 11,339,531.00 6.200 98.250000
Class 2-A13 10,000,000.00 6.200 98.250000
Class 2-A14 17,500,000.00 6.750 98.250000
Class 2-M 3,420,000.00 6.750 98.040220
Class 2-B1 1,403,000.00 6.750 97.347500
Class 2-B2 702,000.00 6.750 95.312020
Class 2-R 100.00 6.750 98.250000
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
2
<PAGE>
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, April 29,
1998 (the "Closing Date").
Section 4. Required Ratings: The Class 1-A1, Class 1-
A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 2-A1, Class 2-A2,
Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class
2-A8, Class 2-A9, Class 2-A10, Class 2-A11, Class 2-A12, Class 2-
A13 and Class 2-A14 Certificates shall have received Required
Ratings of "AAA" from each of Fitch IBCA, Inc. ("Fitch") and
Standard & Poor's Rating Services, a division of The McGraw-Hill
Companies, Inc. The Class 1-M and Class 2-M Certificates shall
have received Required Ratings of "AA" from Fitch. The Class 1-
B1 and Class 2-B1 Certificates shall have received Required
Ratings of "A" from Fitch. The Class 1-B2 and Class 2-B2
Certificates shall have received Required Ratings of "BBB" from
Fitch.
Section 5. Tax Treatment: One or more elections will be
made to treat the assets of each Trust Fund as a REMIC.
Section 6. Additional Expenses. The Underwriter will
pay all expenses (e.g., shipping, postage and courier costs)
associated with the delivery of the Prospectus to prospective
investors and investors, other than the costs of delivery to the
Underwriter's facilities, provided, that if courier services
(other than overnight delivery services utilized in the ordinary
course of business) are required to ensure that the Prospectus is
delivered to investors on the day immediately preceding the
Closing Date, the Company will pay such courier expenses.
3
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
SALOMON 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:
4
EXECUTION
- -----------------------------------------------------------------
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
-----------------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of April 1, 1998
-----------------------------------------
REMIC Multi-Class Pass-Through Certificates,
Series 1998-8
- -----------------------------------------------------------------
<PAGE>
Section Page
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
1.01. Definitions..................................... 1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
2.01. Conveyance of Mortgage Loans.................... 47
2.02. Acceptance by Trustee........................... 52
2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase............... 53
2.04. Execution of Certificates....................... 61
2.05. Designations under the REMIC Provisions......... 61
2.06. Trust Funds Separate............................ 62
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer...................... 63
3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Records;
Certificate Accounts............................ 67
3.C3. Collection of Taxes, Assessments and Other
Items........................................... 71
3.04. Permitted Debits to the Mortgage Loan
Payment Records................................. 71
3.05. Maintenance of the Primary Insurance Poli-
cies............................................ 72
3.06. Maintenance of Hazard Insurance................. 73
3.07. Assumption and Modification Agreements.......... 74
3.08. Realization Upon Defaulted Mortgage Loans....... 75
3.09. Trustee to Cooperate; Release of Mortgage
Files........................................... 79
3.10. Servicing Compensation; Payment of Certain
Expenses by the Company......................... 79
3.11. Reports to the Trustee; Certificate
Account Statements.............................. 80
3.12. Annual Statement as to Compliance............... 80
3.13. Annual Independent Public Accountants'
Servicing Report................................ 81
3.14. Access to Certain Documentation and Infor-
mation Regarding the Mortgage Loans............. 81
i
<PAGE>
Section Page
3.15. Maintenance of Certain Servicing Policies....... 82
3.16. Optional Purchase of Defaulted Mortgage
Loans........................................... 82
ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions................................... 82
4.02. Method of Distribution.......................... 93
4.03. Allocation of Losses............................ 94
4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans.................................. 97
4.05. Statements to Certificateholders................ 98
4.06. Servicer's Certificate..........................101
4.07. Reports of Foreclosures and Abandonments
of Mortgaged Property...........................101
4.08. Reduction of Servicing Fees by
Compensating Interest Payments..................101
4.09. Surety Bond.....................................102
ARTICLE V
THE CERTIFICATES
5.01. The Certificates................................102
5.02. Registration of Transfer and Exchange of
Certificates....................................104
5.03. Mutilated, Destroyed, Lost or Stolen
Certificates....................................111
5.04. Persons Deemed Owners...........................112
5.05. Access to List of Certificateholders'
Names and Addresses.............................112
5.06. Representation of Certain Certificate-
holders.........................................113
5.07. Determination of COFI...........................113
5.08. Determination of LIBOR..........................114
ARTICLE VI
THE COMPANY
6.01. Liability of the Company........................115
6.02. Merger or Consolidation of, or Assumption
of the Obligations of, the Company..............115
6.03. Assignment......................................116
6.04. Limitation on Liability of the Company and
Others..........................................116
6.05. The Company Not to Resign.......................117
ii
<PAGE>
Section Page
ARTICLE VII
DEFAULT
7.01. Events of Default...............................117
7.02. Trustee to Act; Appointment of Successor........119
7.03. Notification to Certificateholders..............120
ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee...............................121
8.02. Certain Matters Affecting the Trustee...........122
8.03. Trustee Not Liable for Certificates or
Mortgage Loans..................................124
8.04. Trustee May Own Certificates....................124
8.05. The Company to Pay Trustee's Fees and
Expenses........................................124
8.06. Eligibility Requirements for Trustee............124
8.07. Resignation or Removal of Trustee...............125
8.08. Successor Trustee...............................126
8.09. Merger or Consolidation of Trustee..............126
8.10. Appointment of Co-Trustee or Separate
Trustee.........................................127
8.11. Compliance with REMIC Provisions; Tax
Returns.........................................128
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company
or Liquidation of All Mortgage Loans............128
9.02. Additional Termination Requirements.............130
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment......................................131
10.02. Recordation of Agreement.......................132
10.03. Limitation on Rights of Certificate-
holders........................................133
10.04. Governing Law..................................134
10.05. Notices........................................134
10.06. Notices to the Rating Agencies.................134
10.07. Severability of Provisions.....................135
10.08. Certificates Nonassessable and Fully
Paid...........................................135
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
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of
April 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 Certificates: 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 pursuant
to Section 4.01(f) in reduction of the Certificate
Principal Balance thereof. As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date after the related Accretion Termination
Date, zero.
Accrual 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), interest accrued during the
related Interest Accrual Period at the applicable
<PAGE>
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.
Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates) shall be reduced by such Class's share of the
amount of any Net Interest Shortfall and Certificate
Interest Losses, in each case, in respect of the related
Mortgage Pool for such Distribution Date. Any Net Interest
Shortfall and Certificate Interest Losses in respect of a
Mortgage Pool shall be allocated among the related Classes
of Certificates (other than any Class of Principal Only
Certificates) in proportion to the respective amounts of
Accrued Certificate Interest that would have resulted
absent such shortfall or losses.
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 for a
Certificate Group, and as to each related Class of Junior
Certificates, the fraction, expressed as a percentage, the
numerator of which is the Class Certificate Principal
Balance of such Class and the denominator of which is the
aggregate Class Certificate Principal Balance of the Junior
Certificates in the related Certificate Group.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount for a
Certificate Group, and as to the Class M Certificates in
such Certificate Group and each Class of Class B
Certificates in such Certificate Group for which the
related Prepayment Distribution Trigger has been satisfied
on such
2
<PAGE>
Distribution Date, the fraction, expressed as a percentage,
the numerator of which is the Class Certificate Principal
Balance of such Class and the denominator of which is the
aggregate Class Certificate Principal Balance of all such
Classes in such Certificate Group. As to any Distribution
Date and each Class of Class B Certificates for which the
related Prepayment Distribution Trigger has not been
satisfied on such Distribution Date, 0%.
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest
due in such month in accordance with the terms of the
related Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date and Mortgage Pool, the total of all
amounts credited to the Mortgage Loan Payment Record for
such Mortgage Pool as of the preceding Determination Date
on account of (i) Principal Prepayments, Insurance Proceeds
and Liquidation Proceeds received in respect of such
Mortgage Pool subsequent to the preceding Prepayment Period
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 May of each year that the Certificates are
outstanding, commencing in May 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 Mortgage Pool, and as to
any Non-Primary Residence Loan remaining in such Mortgage
Pool whose original principal balance was 80% or greater of
the Original Value thereof, the excess of (i) the Monthly
Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by
principal balance) of the Remittance Rates of all
Outstanding Mortgage Loans in such Mortgage Pool (the
"Weighted Average Rate") as of such Anniversary
Determination Date over (ii) the Monthly Payment thereof
calculated on the assumption that the Remittance Rate
thereon was equal to the Weighted Average Rate less 1.25%
per annum.
Available Funds: As to each Distribution Date and
Mortgage Pool, an amount equal to the sum of (i) all
amounts credited to the Mortgage Loan Payment Record for
such
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<PAGE>
Mortgage Pool pursuant to Section 3.02 as of the preceding
Determination Date, (ii) any Monthly Advance and any
Compensating Interest Payment in respect of such Mortgage
Pool for such Distribution Date, (iii) the Purchase Price
of any Defective Mortgage Loans and Defaulted Mortgage
Loans in respect of such Mortgage Pool deposited in the
related Certificate Account on the Business Day preceding
such Distribution Date (including any amounts deposited in
the related Certificate Account in connection with any
substitution of a Mortgage Loan in such Mortgage Pool as
specified in Section 2.03(b)), (iv) the purchase price of
any defaulted Mortgage Loan in such Mortgage Pool purchased
under an agreement entered into pursuant to Section 3.08(e)
as of the end of the preceding Prepayment Period, and (v)
the amount deposited in the Pool 1 Certificate Account
pursuant to Section 2.01(e) less the sum of (x) the Amount
Held for Future Distribution in respect of such Mortgage
Pool, (y) the amount of any Unanticipated Recovery credited
to the Mortgage Loan Payment Record in respect of such
Mortgage Pool pursuant to clause (vi) of Section 3.02, and
(z) amounts permitted to be debited from the related
Mortgage Loan Payment Record pursuant to clauses (i)
through (vii) and (ix) of Section 3.04.
Bankruptcy Coverage Termination Date: As to each
Mortgage Pool, the Distribution Date upon which the
Bankruptcy Loss Amount for such Mortgage Pool has been
reduced to zero or a negative number (or the related
CrossOver Date, if earlier).
Bankruptcy Loss Amount: As to each Determination Date
prior to the first Anniversary Determination Date, an
amount equal to $171,498, in the case of Pool 1, and
$100,000, in the case of Pool 2 as reduced in each case by
the aggregate amount of Deficient Valuations and Debt
Service Reductions in respect of such Mortgage Pool since
the Cut-off Date. As of any Determination Date after the
first Anniversary Determination Date, other than an
Anniversary Determination Date, the Bankruptcy Loss Amount
for a Mortgage Pool shall equal such Bankruptcy Loss Amount
on the immediately preceding Anniversary Determination Date
as reduced by the aggregate amount of Deficient Valuations
and Debt Service Reductions for such Mortgage Pool since
such preceding Anniversary Determination Date. As of any
Anniversary Determination Date, the Bankruptcy Loss Amount
for a Mortgage Pool shall equal the lesser of (x) the
related Bankruptcy Loss Amount as of the preceding
Determination Date as reduced by any Deficient Valuations
and Debt Service Reductions for such Mortgage Pool for the
preceding Distribution Date, and (y) the greater of (i) the
Fitch Formula Amount for such Mortgage Pool for such
Anniversary
4
<PAGE>
Determination Date and (ii) the S&P Formula Amount for such
Mortgage Pool for such Anniversary Determination Date.
The Bankruptcy Loss Amount for a Mortgage Pool may be
further reduced by the Company (including accelerating the
manner in which such coverage is reduced) provided that
prior to any such reduction, the Company shall obtain
written confirmation from each Rating Agency that such
reduction shall not adversely affect the then-current
rating assigned to the related Classes of Certificates by
such Rating Agency and shall provide a copy of such written
confirmation to the Trustee.
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 Banker's 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 1-PO, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-PO,
Class 2-B3, Class 2-B4, Class 2-B5 and Class R
Certificates, constitutes a Class of Book-Entry
Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
5
<PAGE>
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 Pool 1 Certificate Account or
the Pool 2 Certificate Account, as the case may be.
Certificate Group: The Pool 1 Certificates or the Pool
2 Certificates, as applicable.
Certificateholder or Holder: The person in whose name
a Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Certificate Interest Loss: (i) On or prior to the
Cross-Over Date for a Certificate Group, any Interest Loss
in respect of an Excess Loss as to the related Mortgage
Pool and (ii) after the Cross-Over Date for a Certificate
Group, any Interest Loss as to the related Mortgage Pool,
in each case to the extent such Interest Loss is allocable
to the Certificates of such Certificate Group in accordance
with
6
<PAGE>
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 the Class PO Certificates) and
as of any Distribution Date, the fixed per annum rate
specified in Section 5.01(b). The Class PO Certificates are
issued without Certificate Interest Rates.
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner
thereof.
Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal
Balance of such Certificate (plus, in the case of any
Accrual Certificate or any Certificate consisting of
Accrual Components, its Percentage Interest of any related
Accrual Amount for each previous Distribution Date) less
the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal
Balance thereof on previous Distribution Dates pursuant to
Section 4.01, (ii) any Realized Losses allocated to such
Certificate on previous Distribution Dates pursuant to
Section 4.03(b) and (c), and (iii) in the case of a
Subordinate Certificate, such Certificate's Percentage
Interest of the Subordinate Certificate Writedown Amount
for the related Certificate Group allocated to such
Certificate on previous Distribution Dates. The Notional
Certificates are issued without Certificate Principal
Balances.
Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Class: All Certificates bearing the same class
designation.
Class B Certificate: Any Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-B5 Certificate.
Class B1 Certificate: Any Class 1-B1 or Class 2-B1
Certificate.
Class B2 Certificate: Any Class 1-B2 or Class 2-B2
Certificate.
Class B3 Certificate: Any Class 1-B3 or Class 2-B3
Certificate.
7
<PAGE>
Class B4 Certificate: Any Class 1-B4 or Class 2-B4
Certificate.
Class B5 Certificate: Any Class 1-B5 or Class 2-B5
Certificate.
Class Certificate Principal Balance: As to any Class
of Certificates, other than any Class of Notional
Certificates, and 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), any amount by which the
amount distributed to Holders of such Class of Certificates
(or added to the Class Certificate Principal Balance of any
Class of Accrual Certificates or to the Component Principal
Balance of any Accrual Component) on such Distribution Date
is less than the Accrued Certificate Interest thereon for
such Distribution Date.
Class M Certificate: Any Class 1-M or Class 2-M
Certificate.
Class PO Certificate: Any Class 1-PO or Class 2-PO
Certificate.
Class PO Deferred Amount: As to any Distribution Date
on or prior to the related Cross-Over Date, the aggregate
of the applicable PO Percentage of the principal portion of
each Realized Loss in respect of a Mortgage Pool, other
than any related Excess Loss, to be allocated to the Class
1-PO Certificates, in the case of Pool 1, or to the Class
2-PO Certificates, in the case of Pool 2, on such
Distribution Date or previously allocated to such Class of
Certificates and not yet paid to the Holders of such Class
of Certificates pursuant to Section 4.01(a)(iv) or (b)(iv),
as applicable.
Closing Date: April 29, 1998.
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
8
<PAGE>
institutions of the Eleventh Federal Home Loan Bank
District, as computed from statistics tabulated and
published by the Federal Home Loan Bank of San Francisco in
its monthly Information Bulletin.
COFI Certificates: None.
COFI Determination Date: As to each Interest Accrual
Period for any COFI Certificates, the last Business Day of
the calendar month preceding the commencement of such
Interest Accrual Period.
Company: GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the
State of New Jersey, or its successor in interest or, if
any successor servicer is appointed as herein provided,
then such successor servicer.
Compensating Interest Payment: With respect to any
Distribution Date and Mortgage Pool, an amount equal to the
aggregate of the Interest Shortfalls described in clauses
(a) and (b) of the definition thereof with respect to such
Distribution Date and Mortgage Pool; provided, however,
that such amount shall not exceed the lesser of (i) an
amount equal to the product of (x) the Pool Scheduled
Principal Balance with respect to such Distribution Date
and Mortgage Pool and (y) one-twelfth of 0.125%, and (ii)
the aggregate of the Base Servicing Fees that the Company
would be entitled to retain on such Distribution Date in
respect of the Mortgage Loans in such Mortgage Pool (less
any portion thereof paid as servicing compensation to any
Primary Servicer) without giving effect to any related
Compensating Interest Payment.
Component: Any of the components of a Class of
Component Certificates having the designations, initial
Component Principal Balances and Component Interest Rates
as follows:
Initial Component Component
Designation Principal Balance Interest Rate
----------- ----------------- -------------
None. N/A N/A
Component Certificate: With respect to Pool 1, None.
With respect to Pool 2, none.
Component Principal Balance: As of any Distribution
Date, and with respect to any Component, other than any
Notional Component, the initial Component Principal Balance
thereof (as set forth, as applicable, in the definition of
9
<PAGE>
Component) (plus, in the case of any Accrual Component, any
related Accrual Amount for each previous Distribution Date)
less the sum of (x) all amounts distributed in reduction
thereof on previous Distribution Dates pursuant to Section
4.01 and (y) the amount of all Realized Losses allocated
thereto pursuant to Section 4.03(d).
Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
Cooperative: A private, cooperative housing
corporation organized in accordance with applicable state
laws which owns or leases land and all or part of a
building or buildings located in the relevant state,
including apartments, spaces used for commercial purposes
and common areas therein and whose board of directors
authorizes, among other things, the sale of Cooperative
Stock.
Cooperative Apartment: A dwelling unit in a
multi-dwelling building owned or leased by a Cooperative,
which unit the Mortgagor has an exclusive right to occupy
pursuant to the terms of 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 a Trust Fund. Exhibit C
hereto identifies any Cooperative Loans as such.
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
10
<PAGE>
International Place, Boston, Massachusetts 02110, Attention:
Corporate Trust Department.
Cross-Over Date: As to each Certificate Group, the
first Distribution Date on which the aggregate Class
Certificate Principal Balance of the Junior Certificates in
such Certificate Group has been reduced to zero (giving
effect to all distributions on such Distribution Date).
Cut-off Date: April 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.).
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.
11
<PAGE>
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE &
Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
Commercial Code of the State of New York, as amended, or
any successor provisions thereto.
Depository Participant: A broker, dealer, bank or
other financial institution or other Person for which, from
time to time, the Depository effects book-entry transfers
and pledges of securities deposited with such Depository.
Designated Loan Closing Documents: With respect to any
Designated Loan, a Lost Note Affidavit substantially in the
form of Exhibit L, and an assignment of the related
Mortgage to the Trustee in recordable form (except for the
omission therein of recording information concerning such
Mortgage).
Designated Loans: None.
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: As to Pool 1, any Mortgage
Loan with a Net Mortgage Rate less than 6.75% per annum. As
to Pool 2, any Mortgage Loan with a Net Mortgage Rate less
than 6.75% per annum.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code
section 1381(a)(2)(C). The terms "United States," "State"
and "International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
12
<PAGE>
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 of the
related Certificate Group 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 in respect of the related Certificate Group
hereunder or (v) such account as will not cause either
Rating Agency to downgrade or withdraw its then-current
rating assigned to the Certificates of the related
Certificate Group, 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.
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<PAGE>
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: As to each Mortgage Pool, any
Deficient Valuation or Debt Service Reduction, or portion
thereof, in respect of a Mortgage Loan in such Mortgage
Pool, (i) occurring after the related Bankruptcy Coverage
Termination Date or (ii) if on such date, in excess of the
then-applicable Bankruptcy Loss Amount for such Mortgage
Pool.
Excess Fraud Loss: As to each Mortgage Pool, any Fraud
Loss, or portion thereof, in respect of a Mortgage Loan in
such Mortgage Pool, (i) occurring after the related Fraud
Coverage Termination Date or (ii) if on such date, in
excess of the then-applicable Fraud Loss Amount for such
Mortgage Pool.
Excess Loss: As to each Mortgage Pool, any related
Excess Bankruptcy Loss, Excess Fraud Loss or Excess Special
Hazard Loss.
Excess Special Hazard Loss: As to each Mortgage Pool,
any Special Hazard Loss, or portion thereof, in respect of
a Mortgage Loan in such Mortgage Pool, (i) occurring after
the related Special Hazard Termination Date or (ii) if on
such date, in excess of the then-applicable Special Hazard
Loss Amount for such Mortgage Pool.
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 and each Mortgage Pool, the greater of
(i) $50,000 and (ii) the product of (x) the greatest
Assumed Monthly Payment Reduction for any Non-Primary
Residence Loan in such Mortgage Pool whose original
principal balance was 80% or greater of the Original Value
thereof, (y) the weighted average remaining term to
maturity (expressed in months) of all the Non-Primary
Residence Loans remaining in such Mortgage Pool as of such
Anniversary Determination Date, and (z) the sum of (A) one
plus (B) the number of all remaining Non-Primary Residence
Loans in such Mortgage Pool
14
<PAGE>
divided by the total number of Outstanding Mortgage Loans
in such Mortgage Pool as of such Anniversary Determination
Date.
FNMA: The Federal National Mortgage Association or its
successor in interest.
Fraud Coverage Termination Date: As to each Mortgage
Pool, the Distribution Date upon which the related Fraud
Loss Amount has been reduced to zero or a negative number
(or the related Cross-Over Date, if earlier).
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date and as to each Mortgage Pool, (x) prior to
the first anniversary of the Cut-off Date, an amount equal
to $5,007,456, in the case of Pool 1, and $1,753,907, in
the case of Pool 2, minus in each case the aggregate amount
of Fraud Losses in respect of such Mortgage Pool that would
have been allocated to the related Junior Certificates in
accordance with Section 4.03 in the absence of the
applicable Loss Allocation Limitation since the Cut-off
Date, and (y) from the first through the fifth anniversary
of the Cut-off Date, an amount equal to (1) the lesser of
(a) such Fraud Loss Amount as of the most recent
anniversary of the Cut-off Date and (b) 1.00% (from the
first anniversary to but excluding the third anniversary of
the Cut-off Date) or 0.50% (from the third through the
fifth anniversaries of the Cut-off Date), of the aggregate
outstanding principal balance of all of the Mortgage Loans
in such Mortgage Pool as of the most recent anniversary of
the Cut-off Date minus (2) the Fraud Losses in respect of
such Mortgage Pool that would have been allocated to the
related Junior Certificates in accordance with Section 4.03
in the absence of the applicable Loss Allocation Limitation
since the most recent anniversary of the Cut-off Date.
After the fifth anniversary of the Cut-off Date the Fraud
Loss Amount for each Mortgage Pool shall be zero.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Initial LIBOR Rate: None.
Insurance Proceeds: Proceeds paid pursuant to the
Primary Insurance Policies, if any, and amounts paid by any
insurer pursuant to any other insurance policy covering a
Mortgage Loan.
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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 and any LIBOR
Certificates), or Component, the one-month period ending on
the last day of the month preceding the month in which such
Distribution Date occurs. With respect to any Distribution
Date and any Class of LIBOR Certificates, the one month
period commencing on the 25th day of the preceding month
and ending on the 24th day of 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 of the related Certificate Group in accordance
with Section 3.08(d). The amount of any Interest Loss
described in clause (ii) of the preceding paragraph will be
allocated among the Base Servicing Fee, the Supplemental
Servicing Fee and the Certificates of the related
Certificate Group 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:
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(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 of the related Certificate Group and the
Supplemental Servicing Fee in proportion to the amount of
interest that would have been allocated to such
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: As to each Certificate Group, any
related Class M or Class B Certificate.
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Junior Optimal Principal Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of the following (but in no event greater
than the aggregate Certificate Principal Balance of the
related Junior Certificates immediately prior to such
Distribution Date):
(i) the related Junior Percentage of the applicable
Non-PO Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan in the related
Mortgage Pool as of such Due Date as specified in
the amortization schedule at the time applicable
thereto (after adjustment for previous Principal
Prepayments and the principal portion of Debt
Service Reductions in respect of such Mortgage
Pool subsequent to the related Bankruptcy Coverage
Termination Date but before any adjustment to such
amortization schedule by reason of any bankruptcy
(other than as aforesaid) or similar proceeding or
any moratorium or similar waiver or grace period);
(ii) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part in respect of the related
Mortgage Pool received during the related
Prepayment Period, and 100% of any related Senior
Optimal Principal Amount not distributed to the
related Senior Certificates on such Distribution
Date, together with the related Junior Prepayment
Percentage of the applicable Non-PO Percentage of
the Scheduled Principal Balance of each Mortgage
Loan in the related Mortgage Pool that was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the excess, if any, of (x) the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
Proceeds in respect of the related Mortgage Pool
allocable to principal received during the related
Prepayment Period (other than in respect of
Mortgage Loans described in clause (B)) and (B)
the principal balance of each Mortgage Loan in the
related Mortgage Pool that was purchased by an
insurer from the Trustee during the related
Prepayment Period pursuant to the related Primary
Insurance Policy, over (y) the amount
distributable pursuant to clause (iii) of the
definition of Senior Optimal Principal Amount for
the related Certificate Group on such Distribution
Date;
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(iv) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan in the
related Mortgage Pool that was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan in the related
Mortgage Pool substituted during the month of
such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
After the Class Certificate Principal Balances of the
Junior Certificates in a Certificate Group have been
reduced to zero, the related Junior Optimal Principal
Amount shall be zero.
Junior Percentage: As to any Distribution Date and
each Certificate Group, the excess of 100% over the related
Senior Percentage for such Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date and each Certificate Group, the excess of 100% over
the related Senior Prepayment Percentage for such
Distribution Date, except that (i) after the aggregate
Certificate Principal Balance of the related Senior
Certificates other than, in the case of the Pool 1
Certificates, the Class 1-PO Certificates, and in the case
of the Pool 2 Certificates, the Class 2-PO Certificates,
has been reduced to zero, the Junior Prepayment Percentage
for such Certificate Group shall be 100%, and (ii) after
the related Cross-Over Date, the Junior Prepayment
Percentage for such Certificate Group shall be zero.
Latest Possible Maturity Date: With respect to the
Pool 1 Trust Fund, May 25, 2030. With respect to the Pool 2
Trust Fund, May 25, 2030.
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 Certificates: None.
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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 related 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.
London Banking Day: Any day on which banks are open
for dealing in foreign currency and exchange in London,
England and New York City.
Loss Allocation Limitation: As defined in Section
4.03(g).
MLCC: Merrill Lynch Credit Corporation, or its
successor in interest.
Monthly Advance: With respect to any Distribution Date
and each Mortgage Pool, the aggregate of the advances
required to be made by the Company pursuant to Section
4.04(a) (or by the Trustee pursuant to Section 4.04(b)) on
such Distribution Date in respect of such Mortgage Pool,
the amount of any such Monthly Advance being equal to (a)
the aggregate of payments of principal and interest
(adjusted to
20
<PAGE>
the related Remittance Rate) on the Mortgage Loans in such
Mortgage Pool that were due on the related Due Date,
without regard to any arrangements entered into by the
Company with the related Mortgagors pursuant to Section
3.02(a)(ii), and delinquent as of the close of business on
the Business Day next preceding the related Determination
Date, less (b) the amount of any such payments which the
Company or the Trustee, as applicable, in its reasonable
judgment believes will not be ultimately recoverable by it
either out of late payments by the Mortgagor, Net
Liquidation Proceeds, Insurance Proceeds, REO Proceeds or
otherwise. With respect to any Mortgage Loan, the portion
of any such advance or advances made with respect thereto.
Monthly Payment: The scheduled monthly payment on a
Mortgage Loan for any month allocable to principal or
interest on such Mortgage Loan.
Moody's: Moody's Investors Service, Inc., and its
successors.
Mortgage: The mortgage or deed of trust creating a
first lien on a fee simple interest in real property
securing a Mortgage Note.
Mortgage 100SM Loan: A Mortgage Loan identified on
Exhibit 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: With respect to each
Mortgage Pool, the record maintained by the Company
pursuant to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans, identified
by Mortgage Pool, included in the applicable 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 related
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: Either of Pool 1 or Pool 2, as
applicable. For purposes hereof, the Pool 1 and Pool 2
Certificates shall relate to Pool 1 and Pool 2,
respectively.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
Mortgaged Property: The underlying real property
securing the Mortgage Loan, or with respect to a
Cooperative Loan, the related Proprietary Lease and
Cooperative Stock.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date and any Certificate Group, the excess, if
any, of the aggregate Interest Shortfalls allocable to the
Certificates of such Certificate Group (as determined in
accordance with the definition of Interest Shortfall) for
such Distribution Date over any related Compensating
Interest Payment for such date.
Net Liquidation Proceeds: As to any Liquidated
Mortgage Loan, the sum of (i) any Liquidation Proceeds
therefor less the related Liquidation Expenses, and (ii)
any Insurance Proceeds therefor, other than any such
Insurance Proceeds applied to the restoration of the
related Mortgaged Property.
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable 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: With respect to Pool 1,
any Mortgage Loan with a Net Mortgage Rate greater than or
equal to 6.75% per annum. With respect to Pool 2, any
Mortgage Loan with a Net Mortgage Rate greater than or
equal to 6.75% per annum.
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Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan in
Pool 1, a fraction (expressed as a percentage), the
numerator of which is the Net Mortgage Rate of such
Discount Mortgage Loan and the denominator of which is
6.75%. As to any Discount Mortgage Loan in Pool 2, a
fraction (expressed as a percentage), the numerator of
which is the Net Mortgage Rate of such Discount Mortgage
Loan and the denominator of which is 6.75%. As to any
Non-Discount Mortgage Loan, 100%.
Non-Primary Residence Loan: Any Mortgage Loan secured
by a Mortgaged Property that is (on the basis of
representations made by the Mortgagors at origination) a
second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by the
Company (or the Trustee) which, in the reasonable judgment
of the Company (or, as applicable, the Trustee) will not be
ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise.
The determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: 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.
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<PAGE>
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.
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 related 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
24
<PAGE>
Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance)
thereof divided by the aggregate Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the aggregate initial Notional Principal
Balance) of all Certificates of the same Class.
Permitted Investments: One or more of the following;
provided, however, that no such Permitted Investment may
mature later than the Business Day preceding the
Distribution Date after such investment except as otherwise
provided in Section 3.02(e) hereof, provided, further, that
such investments qualify as "cash flow investments" as
defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely
receipt of principal and interest by, the United
States or any agency or instrumentality thereof when
such obligations are backed by the full faith and
credit of the United States;
(ii) repurchase agreements on obligations
specified in clause (i) provided that the unsecured
obligations of the party agreeing to repurchase such
obligations are at the time rated by each Rating
Agency in the highest long-term rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S.
depository institution or trust company incorporated
under the laws of the United States or any state
provided that the debt obligations of such depository
institution or trust company at the date of
acquisition thereof have been rated by each Rating
Agency in the highest long-term rating category;
(iv) commercial paper of any corporation
incorporated under the laws of the United States or
any state thereof which on the date of acquisition has
the highest short term rating of each Rating Agency;
and
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted
Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the
then current rating of the Certificates.
Notwithstanding the foregoing, Permitted Investments shall
not include "stripped securities" and investments which
contractually may return less than the purchase price
therefor.
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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
Pledged Asset Mortgage Servicing Agreement, dated as of
July 31, 1997 between MLCC and the Company.
PO Percentage: As to any Discount Mortgage Loan in
Pool 1, a fraction (expressed as a percentage), the
numerator of which is the excess of 6.75% over the Net
Mortgage Rate of such Discount Mortgage Loan and the
denominator of which is 6.75%. As to any Discount Mortgage
Loan in Pool 2, a fraction (expressed as a percentage), the
numerator of which is the excess of 6.75% over the Net
Mortgage Rate of such Discount Mortgage Loan and the
denominator of which is 6.75%. As to any Non-Discount
Mortgage Loan, 0%.
PO Principal Distribution Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of the applicable PO Percentage of:
(i) the related principal portion of each Monthly
Payment due on the related Due Date on each
Outstanding Mortgage Loan in the related Mortgage
Pool as of such Due Date as specified in the
amortization schedule at the time applicable
thereto (after adjustments for previous Principal
Prepayments and the principal portion of Debt
Service Reductions, each in respect of such
Mortgage Pool, subsequent to the related
Bankruptcy Coverage Termination Date but before
any adjustment to such amortization schedule by
reason of any bankruptcy (except as aforesaid) or
26
<PAGE>
similar proceeding or any moratorium or similar
waiver or grace period);
(ii) all principal prepayments in part in respect of
the related Mortgage Pool received during the
related Prepayment Period, together with the
Scheduled Principal Balance (as reduced by any
Deficient Valuation in respect of such Mortgage
Pool occurring on or prior to the related
Bankruptcy Coverage Termination Date) of each
Mortgage Loan in the related Mortgage Pool that
was the subject of a Voluntary Principal
Prepayment in full during the related Prepayment
Period;
(iii) the sum of (A) all Net Liquidation Proceeds in
respect of the related Mortgage Pool allocable to
principal received in respect of each Mortgage
Loan in the related Mortgage Pool that became a
Liquidated Mortgage Loan during the related
Prepayment Period (other than Mortgage Loans
described in clause (B)) and (B) the principal
balance of each Mortgage Loan in the related
Mortgage Pool purchased by an insurer from the
Trustee pursuant to the related Primary Insurance
Policy, in each case during the related Prepayment
Period;
(iv) the Scheduled Principal Balance (as reduced by
any Deficient Valuation in respect of such
Mortgage Pool occurring on or prior to the
related Bankruptcy Coverage Termination Date) of
each Mortgage Loan in the related Mortgage Pool
that was purchased on such Distribution Date
pursuant to Section 2.02, 2.03(a) or 3.16; and
(v) the Substitution Amount for any Mortgage Loan in
the related Mortgage Pool substituted during the
month of such Distribution Date; for purposes of
this clause (v), the definition of "Substitution
Amount" shall be modified to reduce the Scheduled
Principal Balance of the Mortgage Loan that is
substituted for by any Deficient Valuation in
respect of such Mortgage Pool occurring on or
prior to the related Bankruptcy Coverage
Termination Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
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<PAGE>
Pool 1: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 1 Mortgage Loans.
Pool 1 Category A Percentage: A fraction, expressed as
a percentage, the numerator of which is the aggregate
Certificate Principal Balance of the Pool 1 Category A
Senior Certificates and the denominator of which is the
aggregate Class Certificate Principal Balance of the Pool 1
Senior Certificates (other than the Class 1-PO
Certificates).
Pool 1 Category A Senior Certificates: The Class 1-A1
Certificates.
Pool 1 Category A Senior Optimal Principal Amount:
With respect to each Distribution Date, an amount equal to
the Pool 1 Category A Percentage of the Senior Optimal
Principal amount for Pool 1 on such Date.
Pool 1 Category B Group II Senior Principal
Distribution Amount: With respect to any Distribution Date,
the product of (a) the Pool 1 Category B Senior Optimal
Principal Amount for such date multiplied by (b) the Pool 1
Group II Senior Percentage for such date multiplied by (c)
the Pool 1 Group II Senior Distribution Percentage for such
date. Notwithstanding the foregoing, (i) on the Pool 1
Group I Final Distribution Date, the Pool 1 Group II Senior
Principal Distribution Amount will be increased by any
portion of the Pool 1 Category B Senior Optimal Principal
Amount remaining after distributions of principal have been
made on the Pool 1 Group I Senior Certificates, and (ii)
following the Pool 1 Group I Final Distribution Date, the
Pool 1 Group II Senior Principal Distribution Amount will
equal the Pool 1 Category B Senior Optimal Principal
Amount.
Pool 1 Category B Percentage: A fraction, expressed as
a percentage, the numerator of which is the aggregate
Certificate Principal Balance of the Class 1-A2, Class
1-A3, Class 1-A4, Class 1-A5 and Class 1-R Certificates and
the denominator of which is the aggregate Certificate
Principal Balance of the Pool 1 Senior Certificates (other
than the Class 1-PO Certificates).
Pool 1 Category B Senior Optimal Principal Amount:
With respect to each Distribution Date, an amount equal to
the Pool 1 Category B Percentage of the Senior Optimal
Principal amount for Pool 1 on such date.
Pool 1 Certificate: Any Pool 1 Senior Certificate or
Pool 1 Junior Certificate.
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<PAGE>
Pool 1 Certificate Account: The trust account or
accounts in respect of Pool 1 created and maintained with
the Trustee pursuant to Section 3.02 and which must be an
Eligible Account.
Pool 1 Group I Final Distribution Date: The first
Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 1 Group I Senior Certificates
has been reduced to zero.
Pool 1 Group I Senior Certificate: Any Class 1-A2,
Class 1-A3, Class 1-A4 or Class R Certificate.
Pool 1 Group II Senior Certificate: Any Class 1-A5
Certificate.
Pool 1 Group II Senior Distribution Percentage: 0%
through the Distribution Date in April 2003; 30% thereafter
through the Distribution Date in April 2004; 40% thereafter
through the Distribution Date in April 2005; 60% thereafter
through the Distribution Date in April 2006; 80% thereafter
through the Distribution Date in April 2007; and 100%
thereafter.
Pool 1 Group II Senior Percentage: With respect to any
Distribution Date the percentage obtained by dividing (x)
the Class Certificate Principal Balance of the Class 1-A5
Certificates immediately preceding such Distribution Date,
by (y) the aggregate Certificate Principal Balance of the
Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5 and Class
1-R Certificates immediately preceding such Distribution
Date.
Pool 1 Junior Certificate: Any Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4 or Class 1-B5
Certificate.
Pool 1 Mortgage Loan: A Mortgage Loan identified as a
Pool 1 Mortgage Loan in the Mortgage Loan Schedule.
Pool 1 Senior Certificate: Any Class 1-A1, Class 1-A2,
Class 1-A3, Class 1-A4, Class 1-A5, Class 1-R or Class 1-PO
Certificate.
Pool 1 Trust Fund: The corpus of the trust created by
this Agreement evidenced by the Pool 1 Certificates and
consisting of:
(i) the Pool 1 Mortgage Loans;
(ii) all payments on or collections in respect of
such Pool 1 Mortgage Loans, except as otherwise
described in the first paragraph of Section 2.01
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including the proceeds from the liquidation of any
Additional Collateral for any Pledged Asset Mortgage
Loan in Pool 1;
(iii) the obligation of the Company to deposit in
the Pool 1 Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a) in respect of
Pool 1, and the obligation of the Trustee to deposit
in the Pool 1 Certificate Account any amount required
pursuant to Section 4.04(b) in respect of Pool 1;
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan in Pool 1 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 in Pool 1;
(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 Pool 1 Mortgage Loans, and the Company's interest
in the Surety Bond in respect of Pool 1 transferred to
the Trustee pursuant to Section 2.01;
(vii) the Pool 1 Certificate Account established
pursuant to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established in respect of Pool 1 pursuant to Section
3.02(e);
(ix) any collateral funds established to secure
the obligations of the Holder of the Class 1-B4 and
Class 1-B5 Certificates, respectively, under any
agreements entered into between either such holder and
the Company pursuant to Section 3.08(e); and
(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 in Pool 1.
Pool Scheduled Principal Balance: With respect to any
Distribution Date and each Mortgage Pool, the aggregate
Scheduled Principal Balance of all the Mortgage Loans in
such Mortgage Pool that were Outstanding Mortgage Loans on
the Due Date in the month next preceding the month of such
Distribution Date (or, in the case of the first
Distribution Date, the Cut-off Date; or, if so specified,
such other date).
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Pool 2: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 2 Mortgage Loans.
Pool 2 Certificate: Any Pool 2 Senior Certificate or
Pool 2 Junior Certificate.
Pool 2 Certificate Account: The trust account or
accounts in respect of Pool 2 created and maintained with
the Trustee pursuant to Section 3.02 and which must be an
Eligible Account.
Pool 2 Group I Final Distribution Date: The first
Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 2 Group I Senior Certificates
has been reduced to zero.
Pool 2 Group I Senior Certificate: Any Class 2-A1,
Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-A8, Class 2-A9, Class 2-A10, Class
2-A11, Class 2-A12, Class 2-A13 or Class 2-R Certificate.
Pool 2 Group II Senior Certificate: Any Class 2-
A14 Certificate.
Pool 2 Group II Senior Distribution Percentage: 0%
through the Distribution Date in April 2003; 30% thereafter
through the Distribution Date in April 2004; 40% thereafter
through the Distribution Date in April 2005; 60% thereafter
through the Distribution Date in April 2006; 80% thereafter
through the Distribution Date in April 2007; and 100%
thereafter.
Pool 2 Group II Senior Percentage: With respect to any
Distribution Date, the percentage (carried to six decimal
places) obtained by dividing (x) the Class Certificate
Principal Balance of the Pool 2 Group II Senior
Certificates immediately preceding such Distribution Date,
by (y) the aggregate Class Certificate Principal Balance of
all of the Pool 2 Senior Certificates (other than the Class
2-PO Certificates) immediately preceding such Distribution
Date.
Pool 2 Group II Senior Principal Distribution Amount:
With respect to any Distribution Date, the product of (a)
the Senior Optimal Principal Amount in respect of Pool 2
for such date multiplied by (b) the Pool 2 Group II Senior
Percentage for such date multiplied by (c) the Pool 2 Group
II Senior Distribution Percentage for such date.
Notwithstanding the foregoing, (i) on the Pool 2 Group I
Final Distribution Date, the Pool 2 Group II Senior
Principal Distribution Amount will be increased by any
portion of the Senior Optimal Principal Amount in respect
of
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Pool 2 remaining after distributions of principal have been
made on the Pool 2 Group I Senior Certificates and (ii)
following the Pool 2 Group I Final Distribution Date, the
Pool 2 Group II Senior Principal Distribution Amount will
equal the Senior Optimal Principal Amount in respect of
Pool 2.
Pool 2 Junior Certificate: Any Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5
Certificate.
Pool 2 Mortgage Loan: A Mortgage Loan identified as a
Pool 2 Mortgage Loan in the Mortgage Loan Schedule.
Pool 2 Senior Certificate: Any Class 2-A1, Class 2-A2,
Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7,
Class 2-A8, Class 2-A9, Class 2-A10, Class 2-A11, Class 2-
A12, Class 2-A13, Class 2-A14, Class 2-R or Class 2-PO
Certificate.
Pool 2 Trust Fund: The corpus of the trust created by
this Agreement evidenced by the Pool 2 Certificates and
consisting of:
(i) the Pool 2 Mortgage Loans;
(ii) all payments on or collections in respect of
such Pool 2 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 in Pool 2;
(iii) the obligation of the Company to deposit in
the Pool 2 Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a) in respect of
Pool 2, and the obligation of the Trustee to deposit
in the Pool 2 Certificate Account any amount required
pursuant to Section 4.04(b) in respect of Pool 2;
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan in Pool 2 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 in Pool 2;
(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 Pool 2 Mortgage Loans, and the Company's interest
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in the Surety Bond in respect of Pool 2 transferred to
the Trustee pursuant to Section 2.01;
(vii) the Pool 2 Certificate Account established
pursuant to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established in respect of Pool 2 pursuant to Section
3.02(e);
(ix) any collateral funds established to secure
the obligations of the Holder of the Class 2-B4 and
Class 2-B5 Certificates, respectively, under any
agreements entered into between either such holder and
the Company pursuant to Section 3.08(e); and
(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 in Pool 2.
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
of the related Certificate Group subordinate thereto, if
any, on such Distribution Date, and the denominator of
which is the Pool Scheduled Principal Balance for the
related Mortgage Pool for such Distribution Date, equals or
exceeds (y) such percentage calculated as of the Closing
Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
amounts paid in respect of interest on such Principal
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Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof. All Prepayment Interest Excess shall be
retained by the Company, as servicer, as additional
servicing compensation.
Prepayment Period: With respect to any Distribution
Date and any Voluntary Principal Prepayment in part or
other Principal Prepayment other than a Voluntary Principal
Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution
Date and any Voluntary Principal Prepayment in full, the
period beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, beginning on the
Cutoff Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private
mortgage insurance relating to a particular Mortgage Loan,
or an electronic screen print setting forth the information
contained in such certificate of private mortgage
insurance, including, without limitation, information
relating to the name of the mortgage insurance carrier, the
certificate number, the loan amount, the property address,
the effective date of coverage, the amount of coverage and
the expiration date of the policy. Each such policy covers
defaults by the Mortgagor, which coverage shall equal the
portion of the unpaid principal balance of the related
Mortgage Loan that exceeds 75% (or such lesser coverage
required or permitted by FNMA or FHLMC) of the Original
Value of the underlying Mortgaged Property.
Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(f).
Principal Balance Schedules: Any principal balance
schedules attached hereto, if applicable, as Exhibit B,
setting forth the PAC Balances of any PAC Certificates and
PAC Components, the TAC Balances of any TAC Certificates
and TAC Components, and the Scheduled Balances of any
Scheduled Certificates and Scheduled Components.
Principal Only Certificate: With respect to Pool 1,
any Class 1-PO Certificate. With respect to Pool 2, any
Class 2-PO Certificate.
Principal Only Component: None.
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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 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: Either of (i) the
private placement memorandum relating to the Class 1-B3,
Class 1-B4 and Class 1-B5 Certificates dated April 24,
1998, or (ii) the private placement memorandum relating to
the Class 2-B3, Class 2-B4 and Class 2-B5 Certificates
dated April 24, 1998.
Prohibited Transaction Exemption: U.S. Department of
Labor Prohibited Transaction Exemption 89-89, 54 Fed. Reg.
42589, October 17, 1989.
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 a
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.
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<PAGE>
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
Rating Agency: Any statistical credit rating agency,
or its successor, that rated any of the Certificates at the
request of the Company at the time of the initial issuance
of the Certificates. If such agency or a successor is no
longer in existence, "Rating Agency" shall be such
statistical credit rating agency, or other comparable
Person, designated by the Company, notice of which
designation shall be given to the Trustee. References
herein to the two highest long-term rating categories of a
Rating Agency shall mean such ratings without any
modifiers. As of the date of the initial issuance of the
Certificates, the Rating Agencies are Fitch and S&P; except
that for purposes of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1- B3, Class 1-B4, Class 2-B2, Class 2-B3 and Class
2-B4 Certificates, Fitch shall be the sole Rating Agency.
The Class 1-B5 and Class 2-B5 Certificates shall not be
rated.
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. Department of the Treasury temporary
or final regulations promulgated thereunder, as the
foregoing may be in effect from time to time, as well as
provisions of applicable state laws.
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<PAGE>
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 related 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.
Residual Certificate: Any Class 1-R or Class 2-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 or Class PO Certificate.
Restricted Junior Certificate: Any Class 1-B3, Class
1-B4, Class 1-B5, Class 2-B3, Class 2-B4 or Class 2-B5
Certificate.
S&P: Standard & Poor's Ratings Services, a division of
The McGraw-Hill Companies, Inc., and its successors.
S&P Formula Amount: As to each Anniversary
Determination Date and each Mortgage Pool, the greater of
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(i) $100,000 and (ii) the product of (x) 0.06% and (y) the
Scheduled Principal Balance of each Mortgage Loan remaining
in such Mortgage Pool whose original principal balance was
75% or greater of the Original Value thereof.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Scheduled Balance: As to any Distribution Date and any
Class of Scheduled Certificates or any Scheduled Component,
the balance designated as such for such Distribution Date
and such Class or Component as set forth in the Principal
Balance Schedules.
Scheduled Certificates: None.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan
and Distribution Date, the principal balance of such
Mortgage Loan as of the Due Date in the month next
preceding the month of such Distribution Date (or, if so
specified, such other date) as specified in the
amortization schedule at the time relating to such Mortgage
Loan (before any adjustment to such amortization schedule
by reason of any bankruptcy or similar proceeding or any
moratorium or similar waiver or grace period) after giving
effect to any previous Principal Prepayments, Deficient
Valuations incurred subsequent to the related Bankruptcy
Coverage Termination Date, adjustments due to the
application of the Relief Act and the payment of principal
due on such Due Date, irrespective of any delinquency in
payment by the related Mortgagor. As to any Mortgage Loan
and the Cut-off Date, the "unpaid balance" thereof
specified in the initial Mortgage Loan Schedule.
Security Agreement: With respect to a Cooperative
Loan, the agreement creating a security interest in favor
of the originator in the related Cooperative Stock and
Proprietary Lease.
Senior Certificate: Any Pool 1 Senior Certificate or
Pool 2 Senior Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date and as to each Certificate Group, an
amount equal to the sum of the Certificate Principal
Balances of the related Senior Certificates (other than, in
the case of the Pool 1 Certificates, the Class 1-PO
Certificates, and in the case of the Pool 2 Certificates,
the Class 2-PO Certificates).
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Senior Optimal Principal Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of:
(i) the related Senior Percentage of the applicable
Non-PO Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan in the related
Mortgage Pool as of such Due Date as specified in
the amortization schedule at the time applicable
thereto (after adjustments for previous Principal
Prepayments and the principal portion of Debt
Service Reductions in respect of such Mortgage
Pool subsequent to the related Bankruptcy Coverage
Termination Date but before any adjustment to such
amortization schedule by reason of any bankruptcy
(except as aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) the related Senior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part in respect of the related
Mortgage Pool received during the related
Prepayment Period, together with the related
Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan in the related
Mortgage Pool which was the subject of a Voluntary
Principal Prepayment in full during the related
Prepayment Period;
(iii) the lesser of (x) the related Senior Percentage of
the applicable Non-PO Percentage of the sum of (A)
the Scheduled Principal Balance of each Mortgage
Loan in the related Mortgage Pool that became a
Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) during the related
Prepayment Period and (B) the Scheduled Principal
Balance of each Mortgage Loan in the related
Mortgage Pool that was purchased by an insurer
from the Trustee during the related Prepayment
Period pursuant to the related Primary Insurance
Policy, as reduced in each case by the related
Senior Percentage of the applicable Non-PO
Percentage of the principal portion of any Excess
Losses in respect of the related Mortgage Pool
(other than Excess Bankruptcy Losses attributable
to Debt Service Reductions), and (y) the related
Senior Prepayment Percentage of the applicable
Non-PO Percentage of the sum of (A) all Net
Liquidation Proceeds allocable to principal
received in respect of each such Liquidated
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Mortgage Loan in the related Mortgage Pool (other
than Mortgage Loans described in clause (B)) and
(B) the principal balance of each such Mortgage
Loan in the related Mortgage Pool purchased by an
insurer from the Trustee pursuant to the related
Primary Insurance Policy, in each case during the
related Prepayment Period;
(iv) the related Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan in the
related Mortgage Pool which was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the related Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan in the related
Mortgage Pool substituted during the month of
such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Senior Percentage: As to any Distribution Date and
each Certificate Group, the lesser of (i) 100% and (ii) the
percentage (carried to six places rounded up) obtained by
dividing the Senior Certificate Principal Balance for such
Certificate Group immediately prior to such Distribution
Date by an amount equal to the sum of the Certificate
Principal Balances of all the Certificates in such
Certificate Group other than, in the case of the Pool 1
Certificates, the Class 1-PO Certificates, and in the case
of the Pool 2 Certificates, the Class 2-PO Certificates,
immediately prior to such Distribution Date.
Senior Prepayment Percentage: As to each Certificate
Group, for any Distribution Date occurring prior to the
fifth anniversary of the first Distribution Date, 100%. As
to each Certificate Group, for any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to April
2003 to and including the Distribution Date in
April 2004, the related Senior Percentage for
such Distribution Date plus 70% of the related
Junior Percentage for such Distribution Date;
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(ii) for any Distribution Date subsequent to April
2004 to and including the Distribution Date in
April 2005, the related Senior Percentage for
such Distribution Date plus 60% of the related
Junior Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to April
2005 to and including the Distribution Date in
April 2006, the related Senior Percentage for
such Distribution Date plus 40% of the related
Junior Percentage for such Distribution Date;
(iv) for any Distribution Date subsequent to April
2006 to and including the Distribution Date in
April 2007, the related Senior Percentage for
such Distribution Date plus 20% of the related
Junior Percentage for such Distribution Date; and
(v) for any Distribution Date thereafter, the related
Senior Percentage for such Distribution Date.
Notwithstanding the foregoing, if on any Distribution Date
the related Senior Percentage exceeds the related Senior
Percentage as of the Closing Date, the Senior Prepayment
Percentage for such Certificate Group for such Distribution
Date will equal 100%.
In addition, notwithstanding the foregoing, no reduction of
the Senior Prepayment Percentage for a Certificate Group
below the level in effect for the most recent prior period
as set forth in clauses (i) through (iv) above shall be
effective on any Distribution Date unless at least one of
the following two tests is satisfied:
Test I: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool is delinquent 60 days or more
(including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) as a percentage of
the aggregate Class Certificate Principal Balance of
the related Junior Certificates as of such date, does
not exceed 50%, and (ii) cumulative Realized Losses
with respect to the Mortgage Loans in the related
Mortgage Pool do not exceed (a) 30% of the aggregate
Class Certificate Principal Balance of the related
Junior Certificates as of the Closing Date (the
"Original Subordinate Principal Balance" for such
Certificate Group) if such Distribution Date occurs
between and including May 2003 and April 2004, (b) 35%
of the Original Subordinate Principal Balance for such
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Certificate Group if such Distribution Date occurs
between and including May 2004 and April 2005, (c) 40%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including May 2005 and April 2006, (d) 45%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including May 2006 and April 2007 and (e)
50% of the Original Subordinate Principal Balance for
such Certificate Group if such Distribution Date
occurs during or after May 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 in the
related Mortgage Pool delinquent 60 days or more
(including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) averaged over the
last three months, as a percentage of the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool averaged over the last three
months, does not exceed 4%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans in
the related Mortgage Pool do not exceed (a) 10% of the
Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including May 2003 and April 2004, (b) 15%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including May 2004 and April 2005, (c) 20%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including May 2005 and April 2006, (d) 25%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including May 2006 and April 2007, and (e)
30% of the Original Subordinate Principal Balance for
such Certificate Group if such Distribution Date
occurs during or after May 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
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the Mortgage Loans whose name appears on a list of
servicing officers attached to an Officer's Certificate
furnished to the Trustee by the Company, as such list may
from time to time be amended.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or initial Notional
Principal Balance, of $1,000 or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or initial Notional Principal Balance of
less than $1,000, such lesser amount.
Special Hazard Loss: (i) A Realized Loss suffered by a
Mortgaged Property on account of direct physical loss,
exclusive of (a) any loss covered by a hazard policy or a
flood insurance policy required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any
loss caused by or resulting from:
(1) normal wear and tear;
(2) conversion or other dishonest act on the part of
the Trustee, the Company or any of their agents
or employees; or
(3) errors in design, faulty workmanship or faulty
materials, unless the collapse of the property or
a part thereof ensues;
or (ii) any Realized Loss suffered by a 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 $5,007,456, in the case of Pool 1,
and $3,306,678 in the case of Pool 2, minus, in each case,
the sum of (i) the aggregate amount of Special Hazard
Losses in respect of such Mortgage Pool that would have
been allocated to the related Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the related Adjustment
Amount (as defined below) as most recently calculated. On
each anniversary of the Cut-off Date, the "Adjustment
Amount" for each Mortgage Pool shall be equal to the
amount, if any, by which the amount calculated in
accordance with the preceding sentence for such Mortgage
Pool (without giving effect to the deduction of the related
Adjustment Amount for such anniversary) exceeds the lesser
of (x) the greater of
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(A) the product of the Special Hazard Percentage for such
Mortgage Pool for such anniversary multiplied by the
outstanding principal balance of all the Mortgage Loans in
such Mortgage Pool on the Distribution Date immediately
preceding such anniversary and (B) twice the outstanding
principal balance of the Mortgage Loan in such Mortgage
Pool that has the largest outstanding principal balance on
the Distribution Date immediately preceding such
anniversary, and (y) an amount calculated by the Company
and approved by each Rating Agency, which amount shall not
be less than $500,000.
Special Hazard Percentage: With respect to each
Mortgage Pool and as of each anniversary of the Cut-off
Date, the greater of (i) 1.00% and (ii) the largest
percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans in such
Mortgage Pool secured by Mortgaged Properties located in a
single, five-digit zip code area in the State of California
by (y) the outstanding principal balance of all the
Mortgage Loans in such Mortgage Pool as of the immediately
preceding Distribution Date.
Special Hazard Termination Date: With respect to each
Mortgage Pool, the Distribution Date upon which the Special
Hazard Loss Amount for such Mortgage Pool has been reduced
to zero or a negative number (or the related Cross-Over
Date, if earlier).
Startup Day: As defined in Section 2.05(c).
Subordinate Certificates: As to any date of
determination and each Certificate Group, first, the
related Class B5 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; second,
the related Class B4 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; third, the related Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; fourth, the related Class B2 Certificates
until the Class Certificate Principal Balance thereof has
been reduced to zero; fifth, the related Class B1
Certificates until the Class Certificate Principal Balance
thereof has been reduced to zero; and sixth, the related
Class M Certificates until the Class Certificate Principal
Balance thereof has been reduced to zero.
Subordinate Certificate Writedown Amount: As to any
Distribution Date, first, in the case of the Pool 1
Certificates, any amount distributed to the Class 1-PO
Certificates on such Distribution Date pursuant to Section
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4.01(a)(iv), and in the case of the Pool 2 Certificates,
any amount distributed to the Class 2-PO Certificates on
such Distribution Date pursuant to Section 4.01(b)(iv), and
second, after giving effect to the application of the
applicable portion of clause first above, the amount by
which (i) the sum of the Class Certificate Principal
Balances of all the Certificates in the related Certificate
Group (after giving effect to the distribution of principal
and the application of Realized Losses in reduction of the
Certificate Principal Balances of the related Certificates
on such Distribution Date) exceeds (ii) the Pool Scheduled
Principal Balance of the related Mortgage Pool on the first
day of the month of such Distribution Date less any
Deficient Valuations occurring in respect of the Mortgage
Loans in such Mortgage Pool on or prior to the related
Bankruptcy Coverage Termination Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Scheduled Principal Balance of the Mortgage Loan that
is substituted for, over (y) the Scheduled Principal
Balance of the related substitute Mortgage Loan, each
balance being determined as of the date of substitution.
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
6.75%.
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 or any TAC Component, the balance
designated as such for such Distribution Date and such
Class
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or Component as set forth in the Principal Balance
Schedules.
TAC Certificates: None.
TAC Component: None.
Trigger Event: Any one or more of the following: (i)
if the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or if General
Electric Capital Corporation shall not own (directly or
indirectly) at least two-thirds of the voting shares of the
capital stock of the Company, (ii) if the long-term senior
unsecured rating of General Electric Capital Corporation is
downgraded or withdrawn by Fitch or S&P below their two
highest rating categories, (iii) if General Electric
Capital Corporation is no longer obligated pursuant to the
terms of 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: Either the Pool 1 Trust Fund or the Pool 2
Trust Fund, as the case may be.
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(g)
herein.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete restoration of
the property is not fully reimbursable by the hazard
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), the amount, if
any, by which the aggregate of the Class Interest
Shortfalls for such Class for prior Distribution Dates is
in excess of the aggregate amounts distributed on prior
Distribution Dates to Holders of such Class of Certificates
(or added to the Class Certificate Principal Balance of any
Class of Accrual Certificates, or to the Component
Principal Balance
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of any Accrual Component) pursuant to Section 4.01(a)(ii),
in the case of the Pool 1 Senior Certificates (other than
any Class of Principal Only Certificates), and any
Component thereof (other than any Principal Only
Component), Section 4.01(a)(vi), in the case of the Class
1-M Certificates, Section 4.01(a)(ix), in the case of the
Class 1-B1 Certificates, Section 4.01(a)(xii), in the case
of the Class 1-B2 Certificates, Section 4.01(a)(xv), in the
case of the Class 1-B3 Certificates, Section
4.01(a)(xviii), in the case of the Class 1-B4 Certificates,
Section 4.01(a)(xxi), in the case of the Class 1-B5
Certificates, Section 4.01(b)(ii), in the case of the Pool
2 Senior Certificates and any Component thereof, Section
4.01(b)(vi), in the case of the Class 2-M Certificates,
Section 4.01(b)(ix), in the case of the Class 2-B1
Certificates, Section 4.01(b)(xii), in the case of the
Class 2-B2 Certificates, Section 4.01(b)(xv), in the case
of the Class 2-B3 Certificates, Section 4.01(b)(xviii), in
the case of the Class 2-B4 Certificates, and Section
4.01(b)(xxi), in the case of the Class 2-B5 Certificates.
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 of a Certificate Group 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, all Voting Rights for each Certificate Group
shall be allocated among the related Classes (and among the
Certificates of each such Class) in proportion to their
aggregate Class Certificate Principal Balances or
Certificate Principal Balances, as the case may be.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. (a) The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee, in respect of the related Trust Fund,
without recourse (except as provided herein) all the right, title
and interest of the Company in and to the Pool 1 Mortgage Loans
(in the case of the Pool 1 Trust Fund) and the Pool 2 Mortgage
Loans (in the case of the Pool 2 Trust Fund), including all
interest and principal received by the Company on or with respect
to the related Mortgage Loans (other than payments of principal
and interest due and payable on such Mortgage Loans on or before,
and all Principal Prepayments received before, the Cut-off Date).
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In addition, with respect to any Pledged Asset
Mortgage Loan, the Company does hereby transfer, assign, set-over
and otherwise convey to the Trustee, in respect of the related
Trust Fund, 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, in respect of the
related Trust Fund, the following documents or instruments with
respect to:
(1) Each Mortgage Loan (other than any Cooperative
Loan or Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse
in blank by the Company, including all intervening
endorsements showing a complete chain of endorsement
from the originator to the Company; provided, however,
that if such Mortgage Note is a Confirmatory Mortgage
Note, such Confirmatory Mortgage Note may be payable
directly to the Company or may show a complete chain
of endorsement from the named payee to the Company;
(ii) Any assumption and modification agreement;
and
(iii) An assignment in recordable form (which may
be included in a blanket assignment or assignments) of
the Mortgage to the Trustee; and
(2) Each Cooperative Loan (other than a Designated
Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse
in blank by the Company and showing an unbroken chain
of endorsements from the originator to the Company;
provided, however, that if such Mortgage Note is a
Confirmatory Mortgage Note, such Confirmatory Mortgage
Note may be payable directly to the Company or may
show a complete chain of endorsement from the named
payee to the Company;
(ii) A counterpart of the Proprietary Lease and
the Assignment of Proprietary Lease executed in blank
or to the originator of the Cooperative Loan;
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(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 security 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 security 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 (if applicable),
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
security 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 respect of
the related Trust Fund).
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.
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(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, in respect of the related Trust Fund, the following
documents or instruments as promptly as practicable, but in any
event within 30 days, after receipt by the Company of all such
documents and instruments for all of the outstanding Mortgage
Loans:
(i) the Mortgage with evidence of recording indicated
thereon (other than with respect to a Cooperative Loan);
(ii) a copy of the title insurance policy (other than
with respect to a Cooperative Loan);
(iii) with respect to any Mortgage that has been
assigned to the Company, the related recorded intervening
assignment or assignments of Mortgage, showing a complete
chain of assignment from the originator to the Company
(other than with respect to a Cooperative Loan); and
(iv) with respect to any Cooperative Loan that has been
assigned to the Company, the related filed intervening
UCC-3 financing statements (not previously delivered
pursuant to Section 2.01(b)(2)(vii)), showing a complete
chain of assignment from the named originator to the
Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) title insurance binders with respect to the Mortgage Loans
(other than with respect to a Cooperative Loan). The Company
shall also retain in its files the Primary Insurance Policies
evidencing any primary mortgage insurance relating to the
Mortgage Loans during the period when the related insurance is in
force. (The copies of the Mortgage, intervening assignments of
Mortgage, if any, title insurance binder and the Primary
Insurance Policy, if any, described in the two 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
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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
of the related Certificate Group. The party obtaining actual
notice or knowledge of any of such events shall give the other
party prompt written notice thereof. For purposes of the
foregoing (as well as for purposes of determining whether the
Company shall be required to deliver the Document Files to the
Trustee following the occurrence of a Trigger Event), the Company
shall be deemed to have knowledge of any such downgrading
referred to in the definition of Trigger Event if, in the
exercise of reasonable diligence, the Company has or should have
had knowledge thereof. As promptly as practicable subsequent to
the Company's delivery or receipt of such written notice, as the
case may be, the Company shall insert the recording or filing
information in the assignments of the Mortgages or UCC-3
assignments to the Trustee and shall cause the same to be
recorded or filed, at the Company's expense, in the appropriate
public office for real property records or UCC financing
statements, except that the Company need not cause to be so
completed and recorded any assignment of Mortgage which relates
to a Mortgage Loan secured by property in a jurisdiction under
the laws of which, on the basis of an Opinion of Counsel
reasonably satisfactory to the Trustee and satisfactory to each
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
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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.
(e) On the Closing Date, the Company shall deposit into the
Pool 1 Certificate Account an amount equal to $800.00, as a cash
contribution to the REMIC constituted by the Pool 1 Trust Fund,
to remain uninvested until, and to be part of the Pool 1
Available Funds on, the first Distribution Date.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt by it of the Mortgage Notes, the assignments of the
Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2)
(subject to any permitted delayed delivery of the documents
described in Section 2.01(c)(iv)), and the Designated Loan
Closing Documents, if any, delivered pursuant to Section 2.01,
and declares that the Trustee holds and will hold such documents
and each other document delivered to it pursuant to Section 2.01
in trust, upon the trusts herein set forth, for the use and
benefit of all present and future Certificateholders of the
related Certificate Group. The Trustee agrees, for the benefit of
the related 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 UCC-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. 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
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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 related 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 in respect of the related
Mortgage Loans 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;
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(ii) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
each Mortgage is a valid and enforceable first lien on the
property securing the related Mortgage Note subject only to
(a) the lien of current real property taxes and
assessments, (b) covenants, conditions and restrictions,
rights of way, easements and other matters of public record
as of the date of recording of such Mortgage, such
exceptions appearing of record being acceptable to mortgage
lending institutions generally in the area wherein the
property subject to the Mortgage is located or specifically
reflected in the appraisal obtained in connection with the
origination of the related Mortgage Loan obtained by the
Company and (c) other matters to which like properties are
commonly subject which do not materially interfere with the
benefits of the security intended to be provided by such
Mortgage;
(iii) Immediately prior to the transfer and assignment
herein contemplated, the Company had good title to, and was
the sole owner of, each Mortgage Loan and all action had
been taken to obtain good record title to each related
Mortgage. Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance of the
Certificates, no payment of principal of or interest on or
in respect of any Mortgage Loan is 30 or more days past due
and none of the Mortgage Loans have been past due 30 or
more days more than once during the preceding 12 months;
(v) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
there is no mechanics' lien or claim for work, labor or
material affecting the premises subject to any Mortgage
which is or may be a lien prior to, or equal or coordinate
with, the lien of such Mortgage except those which are
insured against by the title insurance policy referred to
in (x) below;
(vi) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
there is no delinquent tax or assessment lien against the
property subject to any Mortgage;
(vii) As of the date of the initial issuance of the
Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage, including
the obligation of the Mortgagor to pay the unpaid principal
and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage
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(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%. As of the Cut-off
Date, no more than 11.50% of the Mortgage Loans in Pool 1
and no more than 10.25% of the Mortgage Loans in Pool 2, in
each case by Scheduled Principal Balance, had Loan-to-Value
Ratios of more than 80% and each such Mortgage Loan is
covered by a Primary Insurance Policy so long as its then
outstanding principal amount exceeds 80% of the greater of
(a) the Original Value and (b) the then current value of
the related Mortgaged Property as evidenced by an appraisal
thereof satisfactory to the Company. Each Primary Insurance
Policy is issued by a private mortgage insurer acceptable
to FNMA or FHLMC;
(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 6.0% per annum and not greater than
9.0% per annum, in the case of Pool 1, and was not less
than 6.75% per annum and not greater than 9.0% per annum,
in the case of Pool 2. The Mortgage Rate of each Mortgage
Note is fixed for the life of the related Mortgage Loan;
(xiii) Other than with respect to Cooperative Loans, the
improvements on the Mortgaged Properties are insured
against loss under a hazard insurance policy with extended
coverage and conforming to the requirements of Section 3.06
hereof. As of the date of initial issuance of the
Certificates, all such insurance policies are in full force
and effect;
(xiv) As of the Cut-off Date, (i) no more than 11.0% of
the Mortgage Loans in Pool 1 and no more than 9.75% of the
Mortgage Loans in Pool 2, in each case by Scheduled
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Principal Balance, had a Scheduled Principal Balance of
more than $500,000 and up to and including $750,000; (ii)
no more than 1.5% of the Mortgage Loans in Pool 1 and no
more than 0.75% of the Mortgage Loans in Pool 2, in each
case by Scheduled Principal Balance, 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
in Pool 1 or Pool 2 had a Scheduled Principal Balance of
more than $1,000,000;
(xv) As of the Cut-off Date, no more than 1.0% of the
Mortgage Loans in Pool 1 and no more than 2.0% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by Mortgaged Properties
located in any one postal zip code area;
(xvi) As of the Cut-off Date, at least 98.0% of the
Mortgage Loans in Pool 1 and at least 98.25% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by Mortgaged Properties
determined by the Company to be the primary residence of
the Mortgagor. The basis for such determination is the
making of a representation by the Mortgagor at origination
that he or she intends to occupy the underlying property;
(xvii) As of the Cut-off Date, at least 88.25% of the
Mortgage Loans in Pool 1 and at least 87.5% of the Mortgage
Loans in Pool 2, in each case by Scheduled Principal
Balance, are secured by one-family detached residences;
(xviii) As of the Cut-off Date, no more than 4.50% of the
Mortgage Loans in Pool 1 and no more than 4.50% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by condominiums and, as of
the Cut-off Date, no more than 1.50% of the Mortgage Loans
in Pool 1 and no more than 2.25% of the Mortgage Loans in
Pool 2, in each case by Scheduled Principal Balance, are
secured by two- to four-family residential properties. As
to each condominium or related Mortgage Loan, (a) the
related condominium is in a project that is on the FNMA or
FHLMC approved list, (b) the related condominium is in a
project that, upon submission of appropriate application,
could be so approved by either FNMA or FHLMC, (c) the
related Mortgage Loan meets the requirements for purchase
by FNMA or FHLMC, (d) the related Mortgage Loan is of the
type that could be approved for purchase by FNMA or FHLMC
but for the principal balance of the related Mortgage Loan
or the pre-sale requirements or (e) the related Mortgage
Loan has been approved by a nationally recognized mortgage
pool insurance company for coverage under a mortgage pool
insurance policy issued by such insurer. As of the Cut-off
Date, no more than 0.25% of the Mortgage Loans in Pool 1
and
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no more than 0.50% of the Mortgage Loans in Pool 2, in each
case by Scheduled Principal Balance, are secured by
condominiums located in any one postal zip code area;
(xix) Other than with respect to Cooperative Loans, no
Mortgage Loan is secured by a leasehold interest in the
related Mortgaged Property, and each Mortgagor holds fee
title to the related Mortgaged Property;
(xx) As of the Cut-off Date, no more than 0.25% of the
Mortgage Loans in Pool 1 and no more than 0.50% of the
Mortgage Loans in Pool 2, by Scheduled Principal Balance,
constituted Buydown Mortgage Loans. The maximum Buydown
Period for any Buydown Mortgage Loan is three years, and
the maximum difference between the stated Mortgage Rate of
any Buydown Mortgage Loan and the rate paid by the related
Mortgagor is three percentage points. Each Buydown Mortgage
Loan has been fully funded;
(xxi) The original principal balances of the Mortgage
Loans in Pool 1 range from $34,000 to $1,000,000, and the
original principal balances of the Mortgage Loan in Pool 2
range from $62,300 to $900,000;
(xxii) As of the Cut-off Date, no more than 1.25% of the
Mortgage Loans in Pool 1 and no more than 1.25% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by second homes, no more
than 0.75% of the Mortgage Loans in Pool 1 and no more than
0.50% of the Mortgage Loans in Pool 2, in each case by
Scheduled Principal Balance, are secured by investor-owned
properties, and, as of the Cut-off Date, no more than 0.25%
of the Mortgage Loans in Pool 1, and no more than 0.25% of
the Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by condominiums that
constitute second homes;
(xxiii) All appraisals have been prepared substantially in
accordance with the description contained under the caption
"The Trust Fund -- The Mortgage Loans" in the prospectus
dated April 24, 1998, included in the registration
statement on Form S-3 (file no. 333-43755) filed by the
Company with the Securities and Exchange Commission with
respect to the offer and sale of certain Classes of the
Certificates;
(xxiv) No selection procedures, other than those
necessary to comply with the representations and warranties
set forth herein or the description of the Mortgage Loans
made in any disclosure document delivered to prospective
investors in the Certificates, have been utilized in
selecting the Mortgage Loans from the Company's portfolio
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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;
(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, no more than 0.50% of the
Mortgage Loans in Pool 1, by Scheduled Principal Balance,
and none of the Mortgage Loans in Pool 2 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
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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 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
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
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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 Certificate-
holders 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 a 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 such 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 such 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 such Trust Fund, or either of them, become
subject pursuant to TILA or any such statute, insofar as such
losses, damages, claims or expenses (including reasonable
attorneys' fees) result from such violation. The Company's
obligations under the preceding sentence shall not impair or
derogate from the Company's obligations to the Trustee under
Section 8.05.
(b) If the Company is required to repurchase any
Mortgage Loan pursuant to Section 2.02 or 2.03(a), the Company
may, at its option, within the applicable time period specified
in such respective Sections, remove such Defective Mortgage Loan
from the terms of this Agreement and substitute one or more other
mortgage loans for such Defective Mortgage Loan, in lieu of
repurchasing such Defective Mortgage Loan, provided that no such
substitution shall occur more than two years after the Closing
Date. Any substitute Mortgage Loan shall (a) have a Scheduled
Principal Balance (together with that of any other Mortgage Loan
substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in
excess of the Scheduled Principal Balance of the Defective
Mortgage Loan as of such date (the amount of any difference, plus
one month's interest thereon at the respective Remittance Rate,
to be deposited by the Company in the related 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
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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,
as Trustee for each Trust Fund, has caused to be executed,
countersigned and delivered to or upon the order of the Company,
in exchange for the related Mortgage Loans, the Certificates in
authorized denominations evidencing (i) in the case of the Pool 1
Certificates, the entire beneficial ownership of the Pool 1 Trust
Fund and, (ii) in the case of the Pool 2 Certificates, the entire
beneficial ownership of the Pool 2 Trust Fund.
Section 2.05. Designations under the REMIC Provisions.
(a) The Company hereby designates the Pool 1 Certificates, other
than the Class 1-R Certificates, as "regular interests," and the
Class 1-R Certificates as the single class of "residual
interests," in the REMIC for the Pool 1 Trust Fund established
hereunder for REMIC purposes. The Company hereby designates the
Pool 2 Certificates, other than the Class 2-R Certificates, as
"regular interests," and the Class 2-R Certificates as the single
class of "residual interests," in the REMIC for Pool 2 Trust Fund
established hereunder for REMIC purposes.
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(b) The Closing Date will be the "Startup Day" for
each REMIC established hereunder for purposes of the REMIC
Provisions.
(c) The "tax matters person" with respect to each
REMIC established hereunder for purposes of the REMIC Provisions
shall be (i) the Company, if the Company is the owner of a
related Residual Certificate, or (ii) in any other case, the
beneficial owner of the related Residual 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 related Residual 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 each REMIC established hereunder for purposes of the REMIC
Provisions.
(d) The "latest possible maturity date" of the regular
interests in each REMIC established hereunder is the related
Latest Possible Maturity Date for purposes of section 860G(a)(1)
of the Code.
(e) In no event shall the assets described in clause
(x) of the definition of the term Pool 1 Trust Fund or the term
Pool 2 Trust Fund constitute a part of the related REMIC
established hereunder.
(f) 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 an asset of the related
REMIC.
Section 2.06. Trust Funds Separate. It is the
intention of the Company and the Trustee that (i) the Trust Funds
established under this Agreement shall be separate and distinct
for all purposes, (ii) all revenues and, except as provided
below, expenses relating to the Mortgage Loans or this Agreement
shall be allocated exclusively to the Trust Fund to which they
relate, and (iii) the holders of the Pool 1 Certificates and the
Pool 2 Certificates shall have interests exclusively in the Pool
1 Trust Fund and the Pool 2 Trust Fund, respectively. In the
event that the Company or the Trustee cannot reasonably allocate
any expenses relating to the Mortgage Loans or this Agreement to
a particular Trust Fund, they shall allocate such expenses
between the two Trust Funds created hereunder in such manner as
they deem fair and reasonable under the circumstances, which
determination shall be conclusive and binding.
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ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that each REMIC established hereunder shall constitute,
and that the affairs each such REMIC shall be conducted so as to
qualify the related 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 each Trust Fund and the Holders of the related Residual
Certificates and that in such capacity it shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and
prepare and file or cause to be prepared and filed with the
Internal Revenue Service and applicable state or local tax
authorities income tax or information returns for each
taxable year with respect to each REMIC established
hereunder, using the calendar year as the taxable year and
the accrual method of accounting, containing such
information and at the times and in the manner as may be
required by the Code or state or local tax laws,
regulations, or rules, and shall furnish or cause to be
furnished to Certificateholders the schedules, statements
or information at such times and in such manner as may be
required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by
the Code, the name, title, address, and telephone number of
the person that the holders of the Certificates may contact
for tax information relating thereto (and the Company shall
act as the representative of each REMIC established
hereunder for this purpose), together with such additional
information as may be required by such Form, and shall
update such information at the time or times and in the
manner required by the Code;
(iii) make or cause to be made an election, on behalf of
each REMIC established hereunder, to be treated as a REMIC,
and make the appropriate designations, if applicable, in
accordance with Section 2.05(a) hereof on the federal tax
return of each Trust Fund for its first taxable year (and,
if necessary, under applicable state law);
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(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 applicable
Prepayment Assumption Multiple;
(v) provide information necessary for the computation
of tax imposed on the transfer of a Residual Certificate to
a Disqualified Organization, or an agent (including a
broker, nominee or other middleman) of a Disqualified
Organization, or a pass-through entity in which a
Disqualified Organization is the record holder of an
interest (the reasonable cost of computing and furnishing
such information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct the
affairs of each REMIC established hereunder at all times
that any related Certificates are outstanding so as to
maintain the status thereof as a REMIC under the REMIC
Provisions;
(vii) not knowingly or intentionally take any action or
omit to take any action that would cause the termination of
the REMIC status of either REMIC or that would subject
either Trust Fund to tax;
(viii) exercise reasonable care not to allow the creation
of any "interests" in either 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 either Trust Fund to tax, or
(c) cause either REMIC established hereunder to fail to
qualify as a REMIC;
(x) exercise reasonable care not to allow either 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;
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(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to each REMIC after the Startup Day, and
taxes on net income from foreclosure property, imposed on
each Trust Fund when and as the same shall be due and
payable (but such obligation shall not prevent the Company
or any other appropriate Person from contesting any such
tax in appropriate proceedings and shall not prevent the
Company from withholding payment of such tax, if permitted
by law, pending the outcome of such proceedings);
(xii) ensure that federal, state or local income tax or
information returns shall be signed by the Trustee or such
other person as may be required to sign such returns by the
Code or state or local laws, regulations or rules; and
(xiii) maintain such records relating to each 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
related 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
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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 applicable Mortgage Loan
Payment Record, release the related Mortgage File to the Company
whereupon the Company may cancel the related Mortgage Note. Upon
request by the Company after the execution and delivery of this
Agreement, the Trustee shall furnish the Company with any powers
of attorney and other documents necessary or appropriate to
enable the Company to carry out its servicing and administrative
duties hereunder. Except as otherwise provided herein, the
Company shall maintain servicing standards substantially
equivalent to those required for approval by FNMA or FHLMC. The
Company shall not agree to any modification of the material terms
of any Mortgage Loan except as provided in 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 applicable Mortgage Loan Payment
Record accordingly.
(f) If the Company enters into a servicing agreement
with any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
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or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
(g) In no event shall any collateral fund established
under the agreement referred to in Section 3.08(e) constitute an
asset of any REMIC established hereunder.
Section 3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Records; Certificate Accounts.
(a) The Company shall make reasonable efforts to collect all
payments called for under the terms and provisions of the
Mortgage Loans, and shall, to the extent such procedures shall be
consistent with this Agreement, follow such collection procedures
as it follows with respect to mortgage loans comparable to the
Mortgage Loans in its servicing portfolio. Consistent with the
foregoing, the Company may in its discretion (i) waive any late
payment charge or any assumption fees or other fees which may be
collected in the ordinary course of servicing such Mortgage Loan
and (ii) if a default on the Mortgage Loan has occurred or is
reasonably foreseeable, arrange at any time prior to foreclosure
with a Mortgagor a schedule for the payment of due and unpaid
principal and interest for a period extending up to 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 for each Mortgage Pool in which the
following payments on and collections in respect of each Mortgage
Loan in such Mortgage Pool shall as promptly as practicable be
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credited by the Company for the account of the Holders of the
related 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 in respect of the related Mortgage Pool for the
benefit of the related Trust Fund, other than proceeds to
be applied to the restoration or repair of the property
subject to the related Mortgage or released, or to be
released, to the related Mortgagor in accordance with the
normal servicing procedures of the Company;
(v) All REO Proceeds;
(vi) All Unanticipated Recoveries; and
(vii) All amounts received by the Company with respect
to any Pledged Asset Mortgage Loan pursuant to the
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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 each Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in either Mortgage Loan Payment Record
collections, Liquidation Proceeds or Insurance Proceeds in
respect of Mortgage Loans which have been previously released
from the terms of this Agreement, amounts representing fees or
late charge penalties payable by Mortgagors, or amounts received
by the Company for the account of Mortgagors for application
towards the payment of taxes, insurance premiums, assessments and
similar items.
(c) Subject to subsection (e) below, until the
Business Day prior to each Distribution Date on which amounts are
required to be transferred to the related 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 related Certificate
Account an amount equal to such net loss at the time the Company
is required to deposit amounts in such 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 for each Mortgage Pool designated in the name of the
Trustee for the benefit of the Holders of the related
Certificates issued hereunder (each, a "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 in respect of such Mortgage Pool for such Distribution Date
and any Unanticipated Recoveries in respect of such Mortgage Pool
received in the calendar month preceding the month of such
Distribution Date. If the Trustee does not receive such 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
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subsection (c) above, the Company shall promptly establish, and
thereafter maintain, one or more Eligible Accounts, in respect of
each Mortgage Pool, in the name of the Trustee and bearing a
designation indicating that amounts therein are held for the
benefit of the Trustee and the related Certificateholders, into
which the Company and any Primary Servicer shall deposit within
two Business Days after receipt, all amounts otherwise required
to be credited to the applicable Mortgage Loan Payment Record
pursuant to Section 3.02(b); provided, however, that such action
shall not be required if the Company delivers to the Trustee a
letter from each Rating Agency to the effect that the failure to
take such action will not cause such Rating Agency to withdraw or
reduce its then current ratings of the related Certificates. All
amounts so deposited shall be held in trust for the benefit of
the related 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 related Trust Fund to be subject to the tax on
prohibited transactions under section 860F of the Code, or
otherwise subject the related Trust Fund to tax or cause the
related REMIC established hereunder to fail to qualify as a
REMIC. The Trustee shall maintain physical possession of all
Permitted Investments, other than Permitted Investments
maintained in book-entry form. The Company, as servicer, shall be
entitled to retain for its own account any gain or other income
from Permitted Investments, and neither the Trustee nor Cer-
tificateholders shall have any right or claim with respect to
such income. The Company shall deposit an amount equal to any
loss realized on any Permitted Investment as soon as any such
loss is realized. If the provisions in this subsection (e) become
operable, references in this Agreement to each Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to the related 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 related Certificates.
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Section 3.03. Collection of Taxes, Assessments and
Other Items. Other than with respect to any Cooperative Loan, the
Company shall establish and maintain with one or more depository
institutions one or more accounts into which it shall deposit all
collections of taxes, assessments, private mortgage or hazard
insurance premiums or comparable items for the account of the
Mortgagors. As servicer, the Company shall effect the timely
payment of all such items for the account of Mortgagors.
Withdrawals from such account or accounts may be made only to
effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any payments
made regarding taxes and assessments or for any payments made
pursuant to Section 3.05 regarding premiums on Primary Insurance
Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums
determined to be overages, or to pay interest owed to Mortgagors
to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Records. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to each
Mortgage Loan Payment Record for the following purposes (in each
case as to the Mortgage Loans in the related Mortgage Pool):
(i) To reimburse the Company or the applicable Primary
Servicer for Liquidation Expenses theretofore incurred in
respect of any Mortgage Loan in an amount not to exceed the
amount of the related Liquidation Proceeds credited to such
Mortgage Loan Payment Record pursuant to Section
3.02(b)(iii); provided that the Company or the applicable
Primary Servicer shall not be entitled to reimbursement for
Liquidation Expenses incurred after the initiation of
foreclosure proceedings in respect of any Defaulted
Mortgage Loan that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable Primary
Servicer for Insured Expenses and amounts expended by it
pursuant to Section 3.08 in good faith in connection with
the restoration of property damaged by an Uninsured Cause,
in an amount not to exceed the amount of the related
Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts
representing proceeds of other insurance policies covering
the property subject to the related Mortgage credited to
such Mortgage Loan Payment Record pursuant to Section
3.02(b) (iii) and (iv);
(iii) To reimburse the Company to the extent permitted
by Sections 3.01(a) and 6.04;
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(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 in respect of
such Mortgage Pool (which right of reimbursement of the
Trustee pursuant to this clause shall be prior to such
right of the Company);
(viii) To make transfers of funds to the related
Certificate Account pursuant to Section 3.02(d); and
(ix) To deduct any amounts credited to the related
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 related Mortgage
Loan Payment Record pursuant to clauses (i), (ii), (iv), (v) and
(vi) of this Section 3.04; provided, however, that it is
understood and agreed that the records of such accounting need
not be retained by the Company for a period longer than the five
most recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance
Policies. (a) The Company shall not take any action which would
result in non-coverage under any applicable Primary Insurance
Policy of any loss which, but for the actions of the Company,
would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full
force and effect each such Primary Insurance Policy until the
principal balance of the related Mortgage Note is 80% or less of
the greater of (i) the related Original Value and (ii) the then
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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 related
Certificateholders, claims to the insurer under each Primary
Insurance Policy and, in this regard, to take such reasonable
action as shall be necessary to permit recovery under any Primary
Insurance Policy respecting a related defaulted Mortgage Loan. To
the extent provided in Section 3.02(b), any amounts collected by
the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage Loan
purchased by a related insurer) shall be credited to the
applicable Mortgage Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The
Company shall cause to be maintained for each Mortgage Loan other
than a Cooperative Loan hazard insurance with a standard
mortgagee clause and with extended coverage in an amount which is
at least equal to the maximum insurable value of the improvements
securing such Mortgage Loan from time to time or the principal
balance owing on such Mortgage Loan from time to time, whichever
is less. The Company shall also maintain on property (other than
Cooperative Apartments) acquired upon foreclosure, or by deed in
lieu of foreclosure, hazard insurance with extended coverage in
an amount which is at least equal to the lesser of (i) the
maximum insurable value from time to time of the improvements
which are a part of such property or (ii) the unpaid principal
balance of such Mortgage Loan at the time of such foreclosure or
deed in lieu of foreclosure plus accrued interest and the
good-faith estimate of the Company of related Liquidation
Expenses to be incurred in connection therewith. To the extent
provided in Section 3.02(b)(iv), amounts collected by the Company
under any such policies in respect of the Mortgage Loans shall be
credited to the applicable Mortgage Loan Payment Record. Such
costs shall be recoverable by the Company pursuant to Sections
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3.03 and 3.04. In cases in which property securing any Mortgage
Loan other than a Cooperative Loan is located in a federally
designated flood area, the hazard insurance to be maintained for
such Mortgage Loan shall include flood insurance. All such flood
insurance shall be in such amounts as are required under
applicable guidelines of FNMA. The Company shall be under no
obligation to require that any Mortgagor maintain earthquake or
other additional insurance and shall be under no obligation
itself to maintain any such additional insurance on property
acquired in respect of a Mortgage Loan, other than pursuant to
such applicable laws and regulations as shall at any time be in
force and as shall require such additional insurance. If the
Company shall obtain and maintain a blanket policy insuring
against hazard losses on all of the Mortgage Loans (whether or
not including Cooperative Loans), it shall conclusively be deemed
to have satisfied its obligations as set forth in the first
sentence of this Section 3.06, it being understood and agreed
that such policy may contain a deductible clause, in which case
the Company shall, in the event that there shall not have been
maintained on the related Mortgaged Property a policy complying
with the first sentence of this Section 3.06, and there shall
have been a loss which would have been covered by such policy,
credit to the applicable Mortgage Loan Payment Record the amount
not otherwise payable under the blanket policy because of such
deductible clause.
Section 3.07. Assumption and Modification Agreements.
(a) In any case in which property subject to a Mortgage has been
or is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto, unless in
the reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant
to which such Person becomes liable under the Mortgage Note and
the Mortgagor remains liable thereon. In connection with any such
assumption and modification agreement, the Company shall apply
its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same
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extent as all other documents and instruments constituting a part
thereof. In connection with any such agreement, the Mortgage
Rate, mortgage term and any other material term of such Mortgage
Loan shall not be changed. Any fee collected by the Company for
entering into any such agreement will be retained by the Company
as additional servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company shall not be deemed to
be in default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage
Loans. (a) The Company shall foreclose upon or otherwise
comparably convert the ownership of Mortgaged Properties securing
such of the Mortgage Loans as come into and continue in default
and as to which no satisfactory arrangements can be made for
collection of delinquent payments pursuant to Section 3.02. In
connection with such foreclosure or other conversion the Company
shall, consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
Certificateholders of the related Certificate Group after
reimbursement to itself for such expenses and (ii) that such
expenses will be recoverable to it either through Liquidation
Proceeds or Insurance Proceeds. Notwithstanding the foregoing,
the Company shall not be entitled to recover legal expenses
incurred in connection with foreclosure proceedings where the
Mortgage Loan is reinstated and such foreclosure proceedings are
terminated prior to completion, other than sums received from the
Mortgagor for such expenses.
Notwithstanding anything to the contrary contained
herein, the Company shall be under no obligation to foreclose
upon or otherwise convert the ownership of any Mortgaged Property
which it believes may be contaminated with or affected by
hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on
the basis of a Phase I environmental assessment with respect to
the related Mortgaged Property. Neither the Trustee nor the
Company shall be liable to the related Trust Fund or the
Certificateholders if, based on the Company's belief that such
contamination or effect exists, the Company does not foreclose
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upon or otherwise convert the ownership of a Mortgaged Property.
In addition, neither the Trustee nor the Company shall be liable
to the related 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 related 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 related Trust Fund. Notwithstanding
any such acquisition of title and cancellation of the related
Mortgage Loan, such Mortgage Loan shall (except for purposes of
Section 9.01) be considered to be an Outstanding Mortgage Loan
until such time as the Mortgaged Property shall be sold and such
Mortgage Loan becomes a Liquidated Mortgage Loan. Consistent with
the foregoing, for purposes of all calculations hereunder so long
as such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on any REO
Mortgage Loan shall be treated as a Principal Prepayment received
in respect of such Mortgage Loan.
(c) In the event that a 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 such
Trust Fund unless (a) the Trustee shall have been supplied with
an Opinion of Counsel to the effect that the holding by such
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 such Trust Fund as
defined in section 860F of the Code, or cause the related REMIC
established hereunder to fail to qualify as a REMIC at any time
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that any Certificates are outstanding, in which case such 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 a 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
such 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 such 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 such 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 such 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 applicable
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
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 of the related Certificate Group 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
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agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class 1-B5 Certificates
or the Class 2-B5 Certificates (provided that such form may be
revised to delete the option on the part of such Person to
purchase a defaulted Mortgage Loan as set forth in Section
2.02(f) thereof). Prior to entering into any such agreement with
any Person, the Company shall obtain a certification from such
Person to the effect that (i) such Person is not an "affiliate"
(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 related Mortgage Pool or
in the related Trust Fund. It is understood that the right of the
Company to be reimbursed for Monthly Advances and Nonrecoverable
Advances under this Agreement shall not be affected in any way by
the provisions of any such agreement. The Trustee hereby agrees
to perform such obligations as may be expressly required of it
pursuant to the provisions of such agreement and to promptly
notify each party to such agreement if a Responsible Officer of
the Trustee (with direct responsibility for administration of
this Agreement) becomes aware of any discussions, plans or events
that might lead to the Trustee's becoming an "affiliate" (within
the meaning of the Prohibited Transaction Exemption) of any
Person with which the Company has entered into such agreement,
provided that the contents of any such notification shall be kept
confidential by the parties to such agreement. The Company agrees
to promptly notify the Trustee upon entering into any such
agreement. In addition, the Company shall provide the Trustee
with such information as may be necessary for the Trustee to
perform its obligations thereunder, including written
instructions, clearly identifying the source, amount and
application of funds to be deposited or withdrawn from the
Collateral Fund (as defined in such agreement). The Trustee shall
provide the Company with such information concerning credits and
debits to the Collateral Fund on account of income, gains and
losses realized from Collateral Fund Permitted Investments (as
defined in such agreement), and costs associated with the
purchase and sale thereof, as the Company may request in order to
prepare the instructions described in the preceding sentence.
In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with the Person that is the Holder of 100% of the Class 1-B4
Certificates or the Class 2-B4 Certificates, provided that (i)
such Person is also the Holder of 100% of the Class B5
Certificates of the related Certificate Group, (ii) such Person
shall have no rights under such agreement until the date on which
the Class Certificate Principal Balance of the Class B5
Certificates of the related Certificate Group has been reduced to
zero, and (iii) any rights of such Person under such agreement
shall terminate in the
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event that such Person transfers, directly or indirectly, the
Class B4 Certificates of such Certificate Group to any other
Person.
Section 3.09. Trustee to Cooperate; Release of
Mortgage Files. Upon the payment in full of any Mortgage Loan,
the Company will immediately notify the Trustee by a
certification (which certification shall include a statement to
the effect that all amounts received in connection with such
payment which are required to be credited to the applicable
Mortgage Loan Payment Record pursuant to Section 3.02 have been
so credited) of a Servicing Officer and shall request delivery to
it of the Mortgage File. If a Buydown Mortgage Loan is the
subject of a Principal Prepayment in full during the related
Buydown Period, the related Buydown Funds will be applied or
returned to the Person entitled thereto in accordance with the
terms of such Buydown Mortgage Loan. Upon receipt of such
certification and request in form satisfactory to the Trustee,
the Trustee shall promptly, but in any event within five Business
Days, release the related Mortgage File to the Company; provided,
that the Trustee shall not be responsible for any delay in the
release of a Mortgage File resulting from acts beyond its
control, including without limitation, acts of God, strikes,
lockouts, riots, acts of war or terrorism, epidemics,
nationalization, governmental regulations imposed after the fact,
fire, communication line failures, computer viruses, power
failures, earthquakes or other disasters. Upon any such payment
in full, the Company is authorized to execute, pursuant to the
authorization contained in Section 3.01, an instrument of
satisfaction regarding such Mortgage, which instrument of
satisfaction shall be recorded by the Company if required by
applicable law and be delivered to the Person entitled thereto,
it being understood and agreed that no expenses incurred in
connection with such instrument of satisfaction shall be
reimbursed from amounts at the time credited to the applicable
Mortgage Loan Payment Record. From time to time and as
appropriate for the servicing or foreclosure of any Mortgage Loan
(including, without limitation, collection under any Primary
Insurance Policy), the Trustee shall, upon request of the Company
and delivery to the Trustee of a receipt signed by a Servicing
Officer, release the related Mortgage File to the Company and
shall execute such documents as shall be necessary to the
prosecution of any such proceedings. Such receipt shall obligate
the Company to return the Mortgage File to the Trustee when the
need therefor by the Company no longer exists unless the Mortgage
Loan shall be liquidated, in which case, upon receipt of a
certificate of a Servicing Officer similar to that hereinabove
specified, the receipt shall be released by the Trustee to the
Company.
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company. (a) As compensation for its
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activities and obligations hereunder, the Company shall be
entitled to withhold and pay to itself out of each payment
received by it on account of interest on each Mortgage Loan
(including the portion of any Buydown Funds applied to the
related Buydown Mortgage Loan for the applicable period) an
amount equal to the Servicing Fee. The aggregate of the Servicing
Fees payable to the Company on any Distribution Date in respect
of the Mortgage Loans in a Mortgage Pool shall be reduced by the
amount of any Compensating Interest Payment in respect of such
Mortgage Pool for such Distribution Date. Additional servicing
compensation in the form of Prepayment Interest Excess,
assumption fees, modification fees, late payment charges,
interest income or gain with respect to amounts deposited in a
Certificate Account and invested by the Company or otherwise
shall be retained by the Company, subject to Section 3.10(b), if
applicable. The Company shall be required to pay all expenses
incurred by it in connection with its activities hereunder
(including payment of Trustee fees and all other fees and
expenses not expressly stated hereunder to be for the account of
the Certificateholders) and shall not be entitled to
reimbursement therefor except as provided in Sections 3.01, 3.03,
3.04 and 3.08.
(b) The Company may, as a condition to granting any
request by a Mortgagor for any consent, modification, waiver or
amendment or any other matter or thing, the granting of which is
in the Company's discretion pursuant to the terms of the
instruments evidencing or securing the related Mortgage Loan and
is permitted by other sections of this Agreement, require (to the
extent permitted by applicable law) that such Mortgagor pay to it
a reasonable or customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate
Account Statements. Not later than 15 days after each
Distribution Date, the Company shall forward to the Trustee a
statement, certified by a Servicing Officer, setting forth the
status of each Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
covered by such statement, the aggregate of credits to each
Mortgage Loan Payment Record for each category of credit
specified in Section 3.02 and each category of debit specified in
Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
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each year, beginning with March 31, 1999, an Officer's
Certificate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, the Company has fulfilled all its material
obligations under this Agreement throughout such year, or, if
there has been a default in the fulfillment of any such
obligation, specifying each such default known to such Officer
and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1999, the Company shall:
(a) furnish to a firm of independent public
accountants (which may also render other services to the
Company) a statement substantially to the effect that the
Company has complied in all material respects with the
minimum servicing standards set forth in the Uniform Single
Attestation Program for Mortgage Bankers (the "Minimum
Servicing Standards") with respect to the mortgage loans in
the Company's servicing portfolio (which may exclude home
equity loans) or, if there has been material noncompliance
with such servicing standards, containing a description of
such noncompliance; and
(b) at its expense cause such firm of independent
public accountants to furnish a report to the Trustee
stating its opinion as to the Company's assertion contained
in the statement delivered pursuant to Section 3.13(a),
which opinion shall be based on an examination conducted by
such firm in accordance with the standards established by
the American Institute of Certified Public Accountants,
including examining, on a test basis, evidence about the
Company's compliance with the Minimum Servicing Standards.
Such opinion shall be to the effect that the Company has
complied in all material respects with the Minimum
Servicing Standards with respect to the mortgage loan
portfolio described in the Company's statement delivered
pursuant to Section 3.13(a) hereof or if there has been
material noncompliance with the Minimum Servicing
Standards, shall contain a description of such
noncompliance in accordance with applicable accounting
standards. In rendering such report, such firm may rely, as
to matters relating to direct servicing of Mortgage Loans
by any primary servicer, upon comparable reports of
independent public accountants with respect to such primary
servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the
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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 in respect
of Pool 1 from the Pool 1 Certificate Account and shall make
distributions to Holders of the Pool 1 Certificates as of the
preceding Record Date in the following order of priority, to the
extent of the remaining Available Funds in respect of Pool 1:
(i) to each Class of Pool 1 Senior Certificates (other
than any Class of Principal Only Certificates), 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
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amount of Accrued Certificate Interest that would otherwise
be distributable thereon;
(ii) to each Class of Pool 1 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 (or
Component) on such Distribution Date;
(iii) to the Classes of Pool 1 Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently as follows:
(A) to the Class 1-A1 Certificates, the Pool 1
Category A Senior Optimal Principal Amount for such
Distribution Date, until the Class Certificate
Principal Balance thereof has been reduced to zero;
and
(B) to the Class 1-A2, Class 1-A3, Class 1-A4,
Class 1-A5 and Class 1-R Certificates, the Pool 1
Category B Senior Optimal Principal Amount for such
Distribution Date, concurrently, as follows:
(1) to the Class 1-A5 Certificates, the Pool
1 Category B Group II Senior Principal
Distribution Amount for such Distribution Date,
until the Class Certificate Principal Balance
thereof has been reduced to zero; and
(2) to the Class 1-A2, Class 1-A3, Class 1-
A4 and Class 1-R Certificates, the Pool 1
Category B Senior Optimal Principal Amount for
such Distribution Date, less the Pool 1 Category
B Group II Senior Principal Distribution Amount
for such date, in the following order of
priority:
(i) to the Class 1-R Certificates, until the
Class Certificate Principal Balance thereof
has been reduced to zero;
(ii) concurrently, 1.6000000000% of the
amount set forth in clause (iii)(B)(2)
remaining after distribution of amounts set
forth in clause (i) above to the Class 1-A2
Certificates and 98.4000000000% of such
remaining amount to the Class 1-A3
Certificates, until the Class Certificate
Principal Balance of the Class 1-A2
Certificates thereof has been reduced to
zero;
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(iii) to the Class 1-A3 Certificates, until
the Class Certificate Principal Balance
thereof has been reduced to zero; and
(iv) to the Class 1-A4 Certificates, until
the Class Certificate Principal Balances
thereof has been reduced to zero; and
(C) to the Class 1-PO Certificates, the Class 1-
PO Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero;
(iv) to the Class 1-PO Certificates, any related Class
PO Deferred Amount for such Distribution Date, up to an
amount not to exceed the Junior Optimal Principal Amount
for the Pool 1 Certificates for such Distribution Date,
until the Class Certificate Principal Balance of such Class
has been reduced to zero; provided, that any such amounts
distributed to the Class 1-PO Certificates pursuant to this
clause (iv) shall not reduce the Class Certificate
Principal Balance thereof;
(v) to the Class 1-M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class 1-M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class 1-M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount for
the Pool 1 Certificates on such Distribution Date;
(viii) to the Class 1-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class 1-B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class 1-B1 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xi) to the Class 1-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class 1-B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
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(xiii) to the Class 1-B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xiv) to the Class 1-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class 1-B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class 1-B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xvii) to the Class 1-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class 1-B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class 1-B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xx) to the Class 1-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class 1-B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class 1-B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
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amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(b) On each Distribution Date, the Trustee shall
withdraw the Available Funds in respect of Pool 2 from the Pool 2
Certificate Account and shall make distributions to Holders of
the Pool 2 Certificates as of the preceding Record Date in the
following order of priority, to the extent of the remaining
Available Funds in respect of Pool 2:
(i) to each Class of Pool 2 Senior Certificates (other
than any Class of Principal Only Certificates), the Accrued
Certificate Interest thereon for such Distribution Date;
provided, however, that any shortfall in available amounts
shall be allocated among such Classes in proportion to the
amount of Accrued Certificate Interest that would otherwise
be distributable thereon;
(ii) to each Class of Pool 2 Senior Certificates (other
than any Class of Principal Only Certificates), 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;
(iii) to the Classes of Pool 2 Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently, as follows:
(A) to the Class 2-A14 Certificates, the Pool 2
Group II Senior Principal Distribution Amount for such
Distribution Date, until the Class Certificate
Principal Balance of such Class has been reduced to
zero; and
(B) to the Pool 2 Group I Senior Certificates,
the Senior Optimal Principal Amount in respect of Pool
2 for such Distribution Date as reduced by the Pool 2
Group II Senior Principal Distribution Amount
distributed pursuant to clause (A) above on such
Distribution Date (such reduced amount, the "Pool 2
Group I Senior Principal Distribution Amount"), in the
following order of priority:
(1) to the Class 2-R Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
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(2) to the Class 2-A1 Certificates, until
the Class Certificate Principal Balance thereof
has been reduced to zero;
(3) to the Class 2-A2, Class 2-A3, Class 2-
A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-
A8, Class 2-A9, Class 2-A10, Class 2-A11, Class
2- A12 and Class 2-A13 Certificates,
concurrently:
(i) to the Class 2-A12 and Class 2-A13
Certificates, 31.250% of the amount set
forth in clause (iii)(B) remaining after
distributions under the preceding
subparagraphs of this clause (iii)(B), in
the following order of priority:
(I) to the Class 2-A12
Certificates, until the Class
Certificate Principal Balance thereof
has been reduced to zero;
(II) to the Class 2-A13
Certificates, until the Class
Certificate Principal Balance thereof
has been reduced to zero;
(ii) to the Class 2-A2, Class 2-A3,
Class 2-A4, Class 2-A5, Class 2-A6, Class 2-
A7, Class 2-A8, Class 2-A9, Class 2-A10 and
Class 2-A11 Certificates, the amount set
forth in clause (iii)(B) remaining after
distributions under the preceding
subparagraphs of this clause (iii)(B), in
the following order of priority:
(I) to the Class 2-A2 Certificates,
until the Class Certificate Principal
Balance thereof has been reduced to
zero;
(II) concurrently, to the Class 2- A3
and Class 2-A7 Certificates,
12.1212121210% and 87.8787878790%,
respectively, of the remaining amount
set forth in subparagraph (ii), until
the Class Certificate Principal Balance
of the Class 2-A7 Certificates has been
reduced to zero;
(III) concurrently, to the Class 2-
A3 and Class 2-A8 Certificates,
12.1212121210% and 87.8787878790%,
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respectively, of the remaining amount
set forth in subparagraph (ii), until
the Class Certificate Principal Balance
of the Class 2-A8 Certificates has been
reduced to zero;
(IV) concurrently, to the Class 2- A3
and Class 2-A9 Certificates,
12.1212121210% and 87.8787878790%,
respectively, of the remaining amount
set forth in subparagraph (ii), until
the Class Certificate Principal Balance
of the Class 2-A9 Certificates has been
reduced to zero;
(V) concurrently, to the Class 2- A3
and Class 2-A10 Certificates,
12.1212121210% and 87.8787878790%,
respectively, of the remaining amount
set forth in subparagraph (ii), until
the Class Certificate Principal Balance
of the Class 2-A10 Certificates has
been reduced to zero;
(VI) concurrently, to the Class 2- A3
and Class 2-A11 Certificates,
12.1212121210% and 87.8787878790%,
respectively, of the remaining amount
set forth in subparagraph (ii), until
the Class Certificate Principal
Balances thereof have each been reduced
to zero;
(VII) to the Class 2-A4 Certificates,
until the Class Certificate Principal
Balance thereof has been reduced to
zero;
(VIII) to the Class 2-A5 Certificates,
until the Class Certificate Principal
Balance thereof has been reduced to
zero;
(IX) to the Class 2-A6 Certificates,
until the Class Certificate Principal
Balance thereof has been reduced to
zero;
(C) to the Class 2-PO Certificates, the PO
Principal Distribution Amount for Pool 2 for such
Distribution Date, until the Class Certificate
Principal Balance thereof has been reduced to zero;
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(iv) to the Class 2-PO Certificates, any related Class
PO Deferred Amount for such Distribution Date, up to an
amount not to exceed the Junior Optimal Principal Amount
for the Pool 2 Certificates for such Distribution Date,
until the Class Certificate Principal Balance of such Class
has been reduced to zero; provided, that any such amounts
distributed to the Class 2-PO Certificates pursuant to this
clause (iv) shall not reduce the Class Certificate
Principal Balance thereof;
(v) to the Class 2-M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class 2-M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class 2-M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount for
the Pool 2 Certificates on such Distribution Date;
(viii) to the Class 2-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class 2-B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class 2-B1 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xi) to the Class 2-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class 2-B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class 2-B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xiv) to the Class 2-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class 2-B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
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(xvi) to the Class 2-B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xvii) to the Class 2-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class 2-B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class 2-B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xx) to the Class 2-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class 2-B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class 2-B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(c) On each Distribution Date, the Trustee shall
distribute to the holder of each Class of Residual Certificates
any remaining Available Funds in respect of the related Mortgage
Pool for such Distribution Date after application of all amounts
described in clauses (a) and (b) of this Section 4.01, as
applicable, together with any Unanticipated Recoveries in respect
of the related Mortgage Pool received by the Company in the
calendar month preceding the month of such Distribution Date and
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not distributed on such Distribution Date to the holders of
outstanding Certificates of any other related Class pursuant to
Section 4.01(g). Any distributions pursuant to this clause (c)
shall not reduce the Class Certificate Principal Balance of the
related Residual Certificates.
(d) If on any Distribution Date the Class Certificate
Principal Balances of the Pool 1 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 1
Senior Certificates (other than the Class 1-PO Certificates)
pursuant to Section 4.01(a)(iii) for such Distribution Date and
each succeeding Distribution Date shall be allocated among such
Classes of Pool 1 Senior Certificates, pro rata, on the basis of
their respective Class Certificate Principal Balances immediately
prior to such Distribution Date, regardless of the priorities and
amounts set forth in Section 4.01(a)(iii).
If on any Distribution Date the Class Certificate
Principal Balances of the Pool 2 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 2
Senior Certificates (other than the Class 2-PO Certificates)
pursuant to Section 4.01(b)(iii) for such Distribution Date and
each succeeding Distribution Date shall be allocated among such
Classes of Pool 2 Senior Certificates, pro rata, on the basis of
their respective Class Certificate Principal Balances immediately
prior to such Distribution Date, regardless of the priorities and
amounts set forth in Section 4.01(b)(iii).
(e) If on any Distribution Date (i) the Class
Certificate Principal Balance of a Class of Class M Certificates
or any Class of Class B Certificates for which the related
Prepayment Distribution Trigger was satisfied on such
Distribution Date is reduced to zero and (ii) amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
Junior Optimal Principal Amount for the related Certificate Group
remain undistributed on such Distribution Date after all amounts
otherwise distributable on such date pursuant to clauses (iv)
through (xxii) of Section 4.01(a), in the case of the Pool 1
Certificates, or Section 4.01(b), in the case of the Pool 2
Certificates, have been distributed, such amounts shall be
distributed on such Distribution Date to the remaining Classes of
Junior Certificates of such Certificate Group in order of
priority, such that no such distribution shall be made to any
Class of Junior Certificates while a prior such Class of the
related Certificate Group is outstanding.
(f) [Intentionally Omitted]
(g) In the event that in any calendar month the
Company recovers an amount (an "Unanticipated Recovery") in
respect of principal of a Mortgage Loan which had previously been
allocated as a Realized Loss to any Class of Certificates
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pursuant to Section 4.03, on the Distribution Date in the next
succeeding calendar month the Trustee shall withdraw from the
related 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 of the related
Certificate Group entitled thereto in accordance with the
preceding sentence, subject to the remainder of this subsection
(g). In the event that (i) any Unanticipated Recovery remains
undistributed in accordance with the preceding sentence or (ii)
the amount of an Unanticipated Recovery exceeds the amount of the
Realized Loss previously allocated to any outstanding Classes
with respect to the related Mortgage Loan, on the applicable
Distribution Date the Trustee shall distribute to the holders of
all outstanding Classes of the Certificates of the related
Certificate Group 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 this Section 4.01(g). Any
distributions made pursuant to this Section 4.01(g) shall not
reduce the Class Certificate Principal Balance of the related
Certificate.
For purposes of the preceding paragraph, the share of
an Unanticipated Recovery allocable to any Class of Certificates
with respect to a Mortgage Loan shall be (i) with respect to a
Class of Class PO Certificates, based on the applicable PO
Percentage of the principal portion of the Realized Loss
previously allocated thereto with respect to such Mortgage Loan
(or all Mortgage Loans for purposes of the next to last sentence
of the preceding paragraph), and (ii) with respect to any other
Class of Certificates, based on its pro rata share (in proportion
to the Class Certificate Principal Balances thereof with respect
to such Distribution Date) of the applicable Non-PO Percentage of
the principal portion of any such Realized Loss previously
allocated with respect to such Mortgage Loan (or Loans);
provided, however, that (i) the share of an Unanticipated
Recovery allocable to a Class PO Certificate with respect to any
Mortgage Loan (or Loans) shall be reduced by the aggregate amount
previously distributed to such Class on account of the applicable
Class PO Deferred Amount in respect of such Mortgage Loan (or
Loans) and (ii) the amount by which the distributions to the
Class PO Certificates have been so reduced shall be distributed
to the Classes of Certificates of the related Certificate Group
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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
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made within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is (i) an
individual other than a citizen or resident of the United States,
(ii) a partnership, corporation or entity treated as a
partnership or corporation for U.S. federal income tax purposes
not formed under the laws of the United States, any state thereof
or the District of Columbia (unless, in the case of a
partnership, Treasury regulations provide otherwise), (iii) any
estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
or more U.S. Persons have the authority to control all
substantial decisions of the trust.
Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan in each
Mortgage Pool that occurred during the immediately preceding
calendar month.
(b) With respect to any Distribution Date, the
principal portion of each Realized Loss (other than any Excess
Loss) in respect of Pool 1 shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class 1-PO Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class 1-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 1-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 1-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 1-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
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fifth, to the Class 1-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class 1-M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Pool 1 Senior
Certificates other than the Class 1-PO Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances; provided, that any such loss
allocated to any Class of Accrual Certificates (and
any Accrual Component) shall be allocated (subject to
Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof on the Closing Date (as reduced by
any Realized Losses previously allocated thereto).
With respect to any Distribution Date, the principal
portion of each Realized Loss (other than any Excess Loss) in
respect of Pool 2 shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class 2-PO Certificates until the Class Certificate
Principal Balance of such Class has been reduced to zero;
and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class 2-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 2-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 2-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 2-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
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fifth, to the Class 2-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class 2-M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Pool 2 Senior
Certificates other than the Class 2-PO Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances; provided, that any such loss
allocated to any Class of Accrual Certificates (and
any Accrual Component) shall be allocated (subject to
Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof on the Closing Date (as reduced by
any Realized Losses previously allocated thereto).
(c) With respect to any Distribution Date, the
principal portion of any Excess Loss in respect of a Mortgage
Pool (other than Excess Bankruptcy Losses attributable to Debt
Service Reductions) shall be allocated as follows: (1) the
applicable PO Percentage of any such loss shall be allocated to
the Class 1-PO Certificates, in the case of Pool 1, and to the
Class 2-PO Certificates, in the case of Pool 2, and (2) the
applicable Non-PO Percentage of any such loss shall be allocated
to each Class of Pool 1 Certificates other than the Class 1-PO
Certificates, in the case of Pool 1, and to each Class of Pool 2
Certificates other than the Class 2-PO Certificates, in the case
of Pool 2, pro rata, based on the respective Class Certificate
Principal Balances thereof; provided, that any such loss
allocated to any Class of Accrual Certificates (and any Accrual
Component) shall be allocated (subject to Section 4.03(d)) on the
basis of the lesser of (x) the Class Certificate Principal
Balance (or Component Principal Balance) thereof immediately
prior to the applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal Balance)
thereof on the Closing Date (as reduced by any Realized Losses
previously allocated thereto).
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. In addition, 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
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their respective Component Principal Balances immediately prior
to such Distribution Date. Any allocation of Realized Losses
pursuant to this paragraph (d) shall be accomplished by reducing
the Certificate Principal Balance (or, in the case of any
Component, the Component Principal Balance) of the related
Certificates (or Components) on the related Distribution Date in
accordance with Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses in respect of Pool 1 to be
allocated to the Class 1-PO Certificates on such Distribution
Date will be taken into account in determining distributions in
respect of any related Class PO Deferred Amount for such date,
and the aggregate amount of Realized Losses in respect of Pool 2
to be allocated to the Class 2-PO Certificates on such
Distribution Date will be taken into account in determining
distributions in respect of any related Class PO Deferred Amount
for such date.
(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any,
for each Mortgage Pool. Any such Subordinate Certificate
Writedown Amount shall effect a corresponding reduction in the
Certificate Principal Balance of the Subordinate Certificates of
the related Certificate Group, which reduction shall occur on
such Distribution Date after giving effect to distributions made
on such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation
of the principal portion of any Realized Loss in respect of a
Mortgage Pool shall be made on a Distribution Date to a Class of
Certificates of the related Certificate Group to the extent that
such allocation would result in the reduction of the aggregate
Certificate Principal Balances of all the Certificates as of such
Distribution Date, after giving effect to all distributions and
prior allocations of Realized Losses in respect of such Mortgage
Pool on such date, to an amount less than the aggregate Scheduled
Principal Balance of the Mortgage Loans in the related Mortgage
Pool as of the first day of the month of such Distribution Date,
less any Deficient Valuations occurring on or prior to the
related Bankruptcy Coverage Termination Date (such limitation,
the related "Loss Allocation Limitation").
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make
Monthly Advances in the manner and to the extent provided herein.
Prior to the close of business on each Determination Date, the
Company shall determine (i) the amount of the Monthly Advance
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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 related
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 in respect of a
Mortgage Pool required to be deposited by it pursuant to Section
3.02(d), the Company shall so notify the Trustee no later than
9:00 a.m. on the Business Day preceding the related Distribution
Date, and the amount so transferred, if any, shall be deemed to
have been transferred first pursuant to clause (i) of the
definition of Available Funds for such Mortgage Pool, second
pursuant to clause (iii) of the definition of Available Funds for
such Mortgage Pool, and third pursuant to clause (ii) of the
definition of Available Funds for such Mortgage Pool. Such notice
shall 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:
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(i) The amount of such distribution to the
Certificateholders of each Class (and in respect of any
Component), other than any Notional Certificates (and any
Notional Component), allocable to principal, separately
identifying the aggregate amount of any Principal
Prepayments included therein (including, for this purpose,
the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and any
amounts deposited pursuant to Section 2.03(b) in connection
with the substitution of any Mortgage Loans pursuant to
Section 2.02 or 2.03(a), the proceeds of which purchases or
substitutions are being distributed on such Distribution
Date);
(ii) The amount of such distribution to the
Certificateholders of each Class (other than any Class of
Principal Only Certificates) allocable to interest,
including any Accrual Amount added to the Class Certificate
Principal Balance of any Class of Accrual Certificates (or
the Component Principal Balance of any Accrual Component);
(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of
distribution in respect of the Mortgage Loans and such
other customary information as the Company deems necessary
or desirable to enable Certificateholders to prepare their
tax returns;
(iv) The Pool Scheduled Principal Balance for each
Mortgage Pool and the aggregate number of the Mortgage
Loans in each Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to principal
made on such Distribution Date;
(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 or Accrual
Component) made on such Distribution Date and (ii) the
allocation of any Realized Losses and any Subordinate
Certificate Writedown Amount for such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of any
real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or
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otherwise, of any REO Mortgage Loan, and the number of the
related Mortgage Loans, separately identified as to each
Mortgage Pool;
(viii) The aggregate Scheduled Principal Balances and
number of Mortgage Loans which, as of the close of business
on the last day of the month preceding the related
Distribution Date, were (a) delinquent as to a total of (x)
30-59 days, (y) 60-89 days and (z) 90 days or more, and (b)
in foreclosure, separately identified as to each Mortgage
Pool;
(ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b);
(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 Junior Percentage for
each Certificate Group, the Pool 1 Group II Senior
Percentage, the Pool 2 Group II Senior Percentage, the Pool
1 Group II Senior Distribution Percentage and the Pool 2
Group II Senior Distribution Percentage for such
Distribution Date;
(xii) The Senior Prepayment Percentage and Junior
Prepayment Percentage for each Certificate Group for such
Distribution Date; and
(xiii) The amount of such distribution to the
Certificateholders of each Class allocable to Unanticipated
Recoveries.
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
of the related Certificate Group 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
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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 Property has been abandoned. Reports from the Company
shall be in form and substance sufficient to meet the reporting
requirements imposed by section 6050J of the Code.
Section 4.08. Reduction of Servicing Fees by
Compensating Interest Payments. The aggregate amount of the Base
Servicing Fees subject to retention by the Company as servicer in
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respect of any Distribution Date and either Mortgage Pool shall
be reduced by the amount of any Compensating Interest Payment for
such Distribution Date and such Mortgage Pool.
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 related 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 Pool 1 Certificates and the Pool 2
Certificates shall be issued in aggregate Initial Certificate
Principal Balances of $500,745,644.33 and $175,390,683.32,
respectively. Such aggregate original principal balances shall be
divided among the Classes having the designations, Class
Certificate Principal Balances, Certificate Interest Rates and
minimum denominations as follows:
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Initial
Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- ----------- ----------- -------------
Pool 1
Class 1-A1 $200,000,000.00 6.750% $ 25,000.00
Class 1-A2 3,000,000.00 6.750 25,000.00
Class 1-A3 223,000,000.00 6.750 25,000.00
Class 1-A4 23,933,914.00 6.750 25,000.00
Class 1-A5 29,000,000.00 6.750 25,000.00
Class 1-PO 528,986.30 0.000 (1)
Class 1-M 10,516,000.00 6.750 25,000.00
Class 1-B1 4,006,000.00 6.750 100,000.00
Class 1-B2 2,253,000.00 6.750 100,000.00
Class 1-B3 2,003,000.00 6.750 250,000.00
Class 1-B4 1,002,000.00 6.750 250,000.00
Class 1-B5 1,502,644.03 6.750 250,000.00
Class 1-R 100.00 6.750 100.00
Pool 2
Class 2-A1 82,349,607.00 6.750 25,000.00
Class 2-A2 15,125,000.00 7.000 1,000.00
Class 2-A3 2,500,000.00 7.000 1,000.00
Class 2-A4 2,750,000.00 7.000 1,000.00
Class 2-A5 4,125,000.00 7.000 1,000.00
Class 2-A6 4,321,969.00 7.000 1,000.00
Class 2-A7 3,625,000.00 7.000 1,000.00
Class 2-A8 3,625,000.00 7.000 1,000.00
Class 2-A9 3,625,000.00 7.000 1,000.00
Class 2-A10 3,625,000.00 7.000 1,000.00
Class 2-A11 3,625,000.00 7.000 1,000.00
Class 2-A12 11,339,531.00 6.200 25,000.00
Class 2-A13 10,000,000.00 6.200 25,000.00
Class 2-A14 17,500,000.00 6.750 25,000.00
Class 2-PO 62,609.31 0.000 (1)
Class 2-M 3,420,000.00 6.750 25,000.00
Class 2-B1 1,403,000.00 6.750 100,000.00
Class 2-B2 702,000.00 6.750 100,000.00
Class 2-B3 702,000.00 6.750 250,000.00
Class 2-B4 350,000.00 6.750 250,000.00
Class 2-B5 614,867.01 6.750 250,000.00
Class 2-R 100.00 6.750 100.00
- -------------------
(1) Each of the Class 1-PO and Class 2-PO Certificates will be
issued as a single certificate evidencing the entire Class
Certificate Principal Balance of such Class.
(c) The Certificates shall be issuable in registered
form only. The Book-Entry Certificates will be evidenced by one
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or more certificates, beneficial ownership of which will be held
in the minimum dollar denominations in Certificate Principal
Balance or Notional Principal Balance, as applicable, specified
in Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The Non-Book-Entry Certificates other than the Residual
Certificates shall each be issued in the minimum dollar
denominations in Certificate Principal Balance or Notional
Principal Balance, as applicable, specified in Section 5.01(b),
and integral multiples of $1,000 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
Class 1-R and Class 2-R Certificates shall each 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.
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.
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Subject to Sections 5.02(b) and 5.02(c), upon
surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Trustee shall execute, authenticate
and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of the same Class in
authorized denominations of a like Percentage Interest.
At the option of a Certificateholder, Certificates may
be exchanged for other Certificates of authorized denominations
of a like Class and Percentage Interest, upon surrender of the
Certificates to be exchanged at any such office or agency.
Whenever any Certificates are so surrendered for exchange the
Trustee shall execute, countersign and deliver the Certificates
which the Certificateholder making the exchange is entitled to
receive. Every Certificate presented or surrendered for
registration of transfer or exchange shall be accompanied by a
written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing.
No service charge shall be made for any registration
of transfer or exchange of Certificates, but the Trustee may
require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any
transfer or exchange of Certificates.
All Certificates surrendered for registration of
transfer and exchange shall be canceled and subsequently
destroyed by the Trustee and a certificate of destruction shall
be delivered by the Trustee to the Company.
(b) No legal or beneficial interest in all or any
portion of the Residual Certificates may be transferred directly
or indirectly to (i) a Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
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referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
hereto, signed by the transferee, to the effect that the
transferee is not such a Disqualified Organization, an agent
(including a broker, nominee, or middleman) for any entity as to
which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign
Holder, which affidavit shall contain the consent of the
transferee to any such amendments of this Agreement as may be
required to further effectuate the foregoing restrictions on
transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
G hereto. Such affidavit shall also contain the statement of the
transferee that (i) it does not have the intention to impede the
assessment or collection of any federal, state or local taxes
legally required to be paid with respect to the Residual
Certificates and (ii) it understands that it may incur tax
liabilities in excess of cash flows generated by a Residual
Certificate and that it intends to pay taxes associated with
holding a Residual Certificate as they become due.
The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
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)
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such transferee shall be deemed to hold such 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 such
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 such 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 such 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
related 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 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
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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
related 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
related 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 related 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
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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 related
Trust Fund, the Trustee or the Company. Notwithstanding the
foregoing, no opinion or certificate shall be required for the
initial issuance of the ERISA-Restricted Certificates.
(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
Exhibit F) from such transferee to the effect that, among other
things, such transferee is not a Plan or a Person that is using
the assets of a Plan to acquire any such Certificate. The
preparation and delivery of such certificate shall not be an
expense of the related 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
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issued in book-entry form for all purposes including the making
of payments due on the Book-Entry Certificates and exercising the
rights of Holders under this Agreement, and requests and
directions for and votes of such representatives shall not be
deemed to be inconsistent if they are made with respect to
different Certificate Owners; (vi) the Trustee may rely and shall
be fully protected in relying upon information furnished by the
Depository with respect to its Depository Participants and
furnished by the Depository Participants with respect to indirect
participating firms and persons shown on the books of such
indirect participating firms as direct or indirect Certificate
Owners; (vii) Certificate Owners shall not be entitled to
certificates for the Book-Entry Certificates and (viii) the
Trustee may establish a reasonable record date in connection with
solicitations of consents from or voting by Certificateholders
and give notice to the Depository of such record date.
All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
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 for a Certificate Group,
Certificate Owners representing not less than 51% of the
aggregate Voting Rights for such Certificate Group 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
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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 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
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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
related 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 of the related Certificate Group 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 of the related Certificate
Group 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.
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Section 5.06. Representation of Certain Certificate-
holders. The fiduciary of any Plan which becomes a Holder of a
Certificate, by virtue of its acceptance of such Certificate,
will be deemed to have represented and warranted to the Trustee
and the Company that such Plan is an "accredited investor" as
defined in Rule 501(a)(1) of Regulation D promulgated by the
Securities and Exchange Commission under the Securities Act of
1933.
Section 5.07. Determination of COFI. (a) If the
outstanding Certificates include any COFI Certificates, then on
each COFI Determination Date the Trustee shall determine the
value of COFI on the basis of the most recently available
Information Bulletin referred to in the definition of "COFI". The
establishment of COFI by the Trustee and the Trustee's subsequent
calculation of the rates of interest applicable to the COFI
Certificates for each Interest Accrual Period shall (in the
absence of manifest error) be final and binding. During each
Interest Accrual Period, the Certificate Interest Rate for the
COFI Certificates for the current and immediately preceding
Interest Accrual Period shall be made available by the Trustee to
Certificate Owners and Certificateholders at the following
telephone number: (617) 664-5500.
(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (i) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
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
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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.
(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 (or, if
applicable pursuant to clause (a)(ii) above, the first day
of the applicable Interest Accrual Period) 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, if
applicable pursuant to clause (a)(ii) above, the first day
of the applicable Interest Accrual Period), or, in the case
of the first LIBOR Determination Date, the Initial LIBOR
Rate.
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(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.
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,
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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 either 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 related Trust Fund and held harmless against any loss,
liability or expense incurred in connection with any legal action
relating to this Agreement or the Certificates, other than any
loss, liability or expense related to any specific Mortgage Loan
or Mortgage Loans (except as any such loss, liability or expense
shall be otherwise reimbursable pursuant to this Agreement) and
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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 related Trust Fund and the Company shall be
entitled to be reimbursed therefor from amounts credited to the
applicable Mortgage Loan Payment Record as provided by Section
3.04.
Section 6.05. The Company Not to Resign. Subject to
the provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
ARTICLE VII
DEFAULT
Section 7.01. Events of Default. If any one of the
following events ("Events of Default") shall occur and be
continuing:
(i) With respect to a Certificate Group, 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 of such Certificate Group
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 (such period, the "Cure
Period") 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%;
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provided, however, that in the event that (A) a Monthly
Advance is due in respect of each Mortgage Pool on any
Distribution Date, (B) the Company fails to make such
Monthly Advances on such Distribution Date and (C) the
Company transfers to the Trustee during the Cure Period an
amount in respect of either or both of such Monthly
Advances which is less than the sum of such Monthly
Advances, the Trustee shall allocate such amount pro rata
in respect of each Monthly Advance and such failure to make
such Monthly Advances shall be deemed to continue with
respect to each Mortgage Pool and shall be subject to the
original Cure Period with respect thereto; or
(ii) With respect to a Certificate Group, failure on
the part of the Company duly to observe or perform in any
material respect any other covenants or agreements of the
Company with respect to such Certificate Group set forth in
the Certificates or in this Agreement, which covenants and
agreements (A) materially affect the rights of
Certificateholders and (B) continue unremedied for a period
of 60 days after the date on which written notice of such
failure, requiring the same to be remedied, shall have been
given to the Company by the Trustee, or to the Company and
the Trustee by the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%; or
(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in the
premises for the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar
proceedings of or relating to the Company, or for the
winding up or liquidation of the Company's affairs, and the
continuance of any such decree or order unstayed and in
effect for a period of 60 consecutive days; or
(iv) The consent by the Company to the appointment of a
conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshalling of assets and liabilities
or similar proceedings of or relating to the Company or of
or relating to substantially all of its property; or the
Company shall admit in writing its inability to pay its
debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization
statute, make an assignment for the benefit of its
creditors, or voluntarily suspend payment of its
obligations;
then, and in each and every such case, so long as an Event of
Default for a Certificate Group shall not have been remedied by
the Company, either the Trustee, or the Holders of Certificates
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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 with
respect to the related Mortgage Pool. On or after the receipt by
the Company of such written notice, all authority and power of
the Company under this Agreement with respect to the related
Mortgage Pool, whether with respect to the related Certificates
or the related 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 in respect of the related
Mortgage Pool, 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 in respect of the
related Mortgage Pool and that have been or should have been
credited by it to the applicable Mortgage Loan Payment Record, or
that have been deposited by the Company in the related
Certificate Account or are thereafter received by the Company
with respect to the related 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 in respect of the related Mortgage Pool, 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 in respect of the related
Mortgage Pool and the transactions set forth or provided for
herein and shall succeed to all the rights of and be subject to
all the responsibilities, duties and liabilities relating thereto
placed on the Company in its capacity as servicer by the terms
and provisions hereof; provided, however, that the
responsibilities and duties of the Company pursuant to Sections
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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 with respect to the related
Mortgage Pool. 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 the related
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 the related Certificateholders at their
respective addresses appearing in the Certificate Register.
ARTICLE VIII
THE TRUSTEE
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Section 8.01. Duties of Trustee. State Street Bank and
Trust Company is hereby appointed Trustee for each Trust Fund
and, prior to the occurrence of an Event of Default for a
Certificate Group and after the curing of all such 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 for a Certificate Group has
occurred (which has not been cured), the Trustee shall, with
respect to the related Trust Fund, exercise such of the rights
and powers vested in it by this Agreement, and use the same
degree of care and skill in their exercise, as a prudent person
would exercise or use under the circumstances in the conduct of
his or her own affairs.
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
other instruments furnished to the Trustee which are specifically
required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they conform
to the requirements of this Agreement.
No provision of this Agreement shall be construed to
relieve the Trustee from liability for its own negligent action,
its own negligent failure to act or its own misconduct; provided,
however, that:
(i) Prior to the occurrence of an Event of Default for
a Certificate Group, 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
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aggregating not less than 25%, relating to the time, method
and place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or power
conferred upon the Trustee, under this Agreement; and
(iv) The Trustee shall not be charged with knowledge of
(A) any failure by the Company to comply with the
obligations of the Company referred to in clauses (i) and
(ii) of Section 7.01, (B) the rating downgrade referred to
in the definition of "Trigger Event" or (C) any failure by
the Company to comply with the obligations of the Company
to record the assignments of Mortgages referred to in
Section 2.01 unless a Responsible Officer of the Trustee at
the Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee receives
written notice of such failures, occurrence or downgrade
from the Company or the Holders of Certificates of each
Class affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%.
Subject to any obligation of the Trustee to make
Monthly Advances as provided herein, the Trustee shall not be
required to expend or risk its own funds or otherwise incur
financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if
there is reasonable ground for believing that the repayment of
such funds or adequate indemnity against such risk or liability
is not reasonably assured to it, and none of the provisions
contained in this Agreement shall in any event require the
Trustee to perform, or be responsible for the manner of
performance of, any of the obligations of the Company under this
Agreement, except during such time, if any, as the Trustee shall
be the successor to, and be vested with the rights, duties,
powers and privileges of, the Company in accordance with the
terms of this Agreement.
Section 8.02. Certain Matters Affecting the Trustee.
Except as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any
resolution, Officer's Certificate, certificate of auditors
or any other certificate, statement, instrument, opinion,
report, notice, request, consent, order, appraisal, bond or
other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or
parties;
(ii) The Trustee may consult with counsel and any
Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken or suffered
or
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omitted by it hereunder in good faith and in
accordance with such Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this
Agreement, or to institute, conduct or defend any
litigation hereunder or in relation hereto, at the request,
order or direction of any of the Certificateholders,
pursuant to the provisions of this Agreement, unless such
Certificateholders shall have offered to the Trustee
reasonable security or indemnity against the costs,
expenses and liabilities which may be incurred therein or
thereby; nothing contained herein shall, however, relieve
the Trustee of the obligations, upon the occurrence of an
Event of Default (which has not been cured), to exercise
such of the rights and powers vested in it by this
Agreement, and to use the same degree of care and skill in
their exercise as a prudent person would exercise or use
under the circumstances in the conduct of his or her own
affairs;
(iv) The Trustee shall not be personally liable for any
action taken, suffered or omitted by it in good faith and
believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Agreement;
(v) Prior to the occurrence of an Event of Default for
a Certificate Group and after the curing of all Events of
Default which may have occurred, the Trustee shall not be
bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, consent,
order, approval, bond or other paper or documents, unless
requested in writing so to do by Holders of Certificates of
each Class affected thereby evidencing, as to each such
Class, Percentage Interests aggregating not less than 25%;
provided, however, that if the payment within a reasonable
time to the Trustee of the costs, expenses or liabilities
likely to be incurred by it in the making of such
investigation is, in the opinion of the Trustee, not
reasonably assured to the Trustee by the security afforded
to it by the terms of this Agreement, the Trustee may
require reasonable indemnity against such cost, expense or
liability as a condition to such proceeding. The reasonable
expense of every such investigation shall be paid by the
Company or, if paid by the Trustee, shall be reimbursed by
the Company upon demand. Nothing in this clause (v) shall
derogate from the obligation of the Company to observe any
applicable law prohibiting disclosure of information
regarding the Mortgagors; and
(vi) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either
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directly or by or through agents or attorneys or a
custodian.
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans. The recitals contained herein and in the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) or of any Mortgage Loan or
related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or
of the proceeds of such Certificates, or for the use or
application of any funds paid to the Company in respect of the
Mortgage Loans or deposited in or withdrawn from a 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 each Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any related Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a corporation having
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its principal office either in the State of New York or in the
same state as that in which the initial Trustee under this
Agreement has its principal office and organized and doing
business under the laws of such State or the United States of
America, authorized under such laws to exercise corporate trust
powers, having a combined capital and surplus of at least
$50,000,000 and subject to supervision or examination by federal
or state authority. If such corporation publishes reports of
condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section 8.06, the combined capital
and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent
report of condition so published. The Trustee shall not be an
affiliate of the Company. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee shall resign immediately in the manner
and with the effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created with respect to one or both Certificate Groups by
giving written notice thereof to the Company. Upon receiving such
notice of resignation, the Company shall promptly appoint a
successor Trustee by written instrument, in duplicate, one copy
of which instrument shall be delivered to the resigning Trustee
and one copy to the successor Trustee. If no successor Trustee
shall have been so appointed and having accepted appointment
within 30 days after the giving of such notice of resignation,
the resigning Trustee may petition any court of competent
jurisdiction for the appointment of a successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee will
enable the Company to avoid (and should, based on the information
included in the notice referred to below, result in the avoidance
of) a downgrading of the ratings assigned to the Certificates by
the Rating Agencies (whether or not other actions could avoid
such downgrading) and no Event of Default, as provided by Section
7.01 hereof, shall have occurred or be continuing; provided,
however, that no action shall be taken pursuant to this clause
(iii) unless reasonable notice shall have been provided to the
Trustee, which notice shall set forth the
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basis for any rating downgrade as contemplated by the Rating
Agencies and shall also indicate the manner in which such
proposed action is intended to avoid such downgrade. If it
removes the Trustee under the authority of the immediately
preceding sentence, the Company shall promptly appoint a
successor trustee by written instrument, in duplicate, one copy
of which instrument shall be delivered to the Trustee so removed
and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without any further
act, deed or conveyance, shall become fully vested with all the
rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such instruments and do such other things as
may reasonably be required for fully and certainly vesting and
confirming in the successor Trustee all such rights, powers,
duties and obligations.
No successor Trustee shall accept appointment as
provided in this Section 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of the
related Certificates at their addresses as shown in the
Certificate Register. If the Company fails to mail such notice
within 10 days after acceptance of appointment by the successor
Trustee, the successor Trustee shall cause such notice to be
mailed at the expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any
corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
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Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, without the
execution or filing of any paper or any further act on the part
of any of the parties hereto, anything herein to the contrary
notwithstanding.
Section 8.10. Appointment of Co-Trustee or Separate
Trustee. Notwithstanding any other provisions of this Agreement,
at any time, for the purpose of meeting any legal requirements of
any jurisdiction in which any part of either 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
related Trust Fund, or separate trustee or separate trustees of
any part of such Trust Fund, and to vest in such Person or
Persons, in such capacity and for the benefit of the
Certificateholders, such title to such Trust Fund, or any part
thereof, and, subject to the other provisions of this Section
8.10, such powers, duties, obligations, rights and trusts as the
Company and the Trustee may consider necessary or desirable. If
the Company shall not have joined in such appointment within 15
days after the receipt by it of a request so to do, or in case an
Event of Default shall have occurred and be continuing, the
Trustee alone shall have the power to make such appointment. No
co-trustee or separate trustee hereunder shall be required to
meet the terms of eligibility as a successor trustee under
Section 8.06 and no notice to Certificateholders of the
appointment of any co-trustee or separate trustee shall be
required under Section 8.08.
Every separate trustee and co-trustee shall, to the
extent permitted by law, be appointed and act subject to the
following provisions and conditions:
(i) All rights, powers, duties and obligations
conferred or imposed upon the Trustee shall be conferred or
imposed upon and exercised or performed by the Trustee and
such separate trustee or co-trustee jointly (it being
understood that such separate trustee or co-trustee is not
authorized to act separately without the Trustee joining in
such act), except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be
performed (whether as Trustee hereunder or as successor to
the Company hereunder), the Trustee shall be incompetent or
unqualified to perform such act or acts, in which event
such rights, powers, duties and obligations (including the
holding of title to the relevant Trust Fund or any portion
thereof in any such jurisdiction) shall be exercised and
performed singly by such separate trustee or co-trustee,
but solely at the direction of the Trustee;
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(ii) No trustee hereunder shall be held personally
liable by reason of any act or omission of any other
trustee hereunder; and
(iii) The Company and the Trustee acting jointly may at
any time accept the resignation of or remove any separate
trustee or co-trustee.
Any notice, request or other writing given to the
Trustee shall be deemed to have been given to each of the then
separate trustees and co-trustees, as effectively as if given to
each of them. Every instrument appointing any separate trustee or
co-trustee shall refer to this Agreement and the conditions of
this Article VIII. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the
estates or property specified in its instrument of appointment,
either jointly with the Trustee or separately, as may be provided
therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating
to the conduct of, affecting the liability of, or affording
protection to, the Trustee. Every such instrument shall be filed
with the Trustee and a copy thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent either Trust Fund from failing to qualify as a REMIC and
to prevent the imposition of a tax on either Trust Fund or the
related 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 each 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 with respect to a Trust
Fund (other than the obligation of the Trustee to make certain
payments to the related 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 such Trust Fund at
a price equal to the sum of (x) 100% of the unpaid principal
balance of each Mortgage Loan included therein (other than any
REO Mortgage Loans described in the following clause) plus
accrued and unpaid interest thereon at the applicable Remittance
Rate (less any amounts constituting related 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 included therein (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 such 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 a 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 in a Trust Fund pursuant to clause
(a) above shall be conditioned upon the aggregate of the
Scheduled Principal Balance of the Outstanding Mortgage Loans
included therein, at the time of any such repurchase, aggregating
less than 10 percent of the aggregate of the Scheduled Principal
Balance of such 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
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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 related Certificate
Account not later than 11:00 a.m. on the Business Day prior to
the final Distribution Date in next-day funds an amount equal to
the price described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the related 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 relevant Trust Fund and the related
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 related 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
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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 related 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
related REMIC established hereunder, the Trustee will attach a
statement specifying the date of the adoption of the plan of
liquidation.
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be
amended from time to time by the Company and the Trustee, without
the consent of any of the Certificateholders, to cure any
ambiguity, to correct or supplement any provisions herein or
therein which may be defective or inconsistent with any other
provisions herein, or to 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 each
Trust Fund as a REMIC under the Code or to avoid or minimize the
risk of the imposition of any tax on either Trust Fund pursuant
to the Code that would be a claim against such Trust Fund at any
time prior to the final redemption of the Certificates, provided
that the Trustee has obtained an opinion of independent counsel
(which opinion also shall be addressed to the Company) to the
effect that such action is necessary or appropriate to maintain
such qualification or to avoid or minimize the risk of the
imposition of such a tax.
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This Agreement may also be amended from time to time
by the Company and the Trustee with the consent of Holders of
Certificates evidencing (i) not less than 66% of the Voting
Rights of all the Certificates of the related Certificate Group
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 either
Trust Fund to tax or cause either Trust Fund to fail to qualify
as a REMIC at any time that any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders
shall be subject to such reasonable requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. This
Agreement is subject to recordation in all appropriate public
offices for real property records in all the counties or other
comparable jurisdictions in which any or all of the properties
subject to the Mortgages are situated, and in any other
appropriate public recording office or elsewhere, such
recordation to be effected by the Company and at its expense on
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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 related 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 related 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 related 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
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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 in respect of the related Certificate
Group. It is further understood and intended, and each
Certificateholder expressly covenants with every other
Certificateholder and the Trustee, that no Holder of a
Certificate of one Certificate Group shall have any right to
institute or join in any suit, action or proceeding in equity or
at law upon or under or with respect to this Agreement or
otherwise to affect, disturb or prejudice the rights of the
Holders of Certificates of the other Certificate Group or to
assert a claim against the Trust Fund established in respect of
such other Certificate Group. For the protection and enforcement
of the provisions of this Section 10.03, each and every
Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 225 Franklin Street,
Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch
IBCA, Inc., One State Street Plaza, New York, New York 10004,
Attention: Structured Finance Surveillance, and (d) in the case
of S&P, to Standard & Poor's Ratings Services, 26 Broadway, 15th
Floor, New York, New York 10004, Attention: Mortgage Surveillance
Group, or, as to each such Person, at such other address as shall
be designated by such Person in a written notice to each other
named Person. Any notice required or permitted to be mailed to a
Certificateholder shall be given by first class mail, postage
prepaid, at the address of such Holder as shown in the
Certificate Register. Any notice so mailed within the time
prescribed in this Agreement shall be conclusively presumed to
have been duly given, whether or not the Certificateholder
receives such notice.
Section 10.06. Notices to the Rating Agencies. The
Company shall deliver written notice of the following events to
each Rating Agency promptly following the occurrence thereof:
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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 related
Trust Fund, that the beneficial ownership interests represented
by the Certificates shall be nonassessable for any losses or
expenses of the related Trust Fund or for any reason whatsoever,
and that Certificates upon execution, countersignature and
delivery thereof by the Trustee are and shall be deemed fully
paid.
* * *
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IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE
SERVICES, INC.
By:_______________________
Name:
Title:
[SEAL]
Attest:
By:_______________________
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:_______________________
Name:
Title:
[SEAL]
Attest:
By:_______________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the ____ day of April, 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 April, 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>
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 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A1 Certificate
Principal Balance:
Class 1-A1 $200,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFC4
May 26, 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 1-A1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
3
<PAGE>
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
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 1998-8, issued in thirty-five Classes,
thirteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and twenty-two of which represent the entire
beneficial interest in the Pool 2 Trust Fund.
The Pool 1 Certificates are limited in right of payment
to certain payments on and collections in respect of the Pool 1
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 Pool 1 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 1 Certificates (the "Pool 1
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
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 Pool
4
<PAGE>
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 1. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 1 Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-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 Pool 1 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
5
<PAGE>
No transfer of any Class 1-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 1-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 1-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 1 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, Pool 1 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.
6
<PAGE>
The obligations and responsibilities created by the
Agreement, and the Pool 1 Trust Fund created thereby shall
terminate upon payment to the Pool 1 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 1
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 1 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 1 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such 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 Pool
1 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 1
Mortgage Loan. The right of the Company to repurchase all the
Pool 1 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 1 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 1
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 1
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 Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 1 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).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
10
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A2 Certificate
Principal Balance:
Class 1-A2 $3,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFD2
May 26, 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 1-A2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
12
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
13
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A3 Certificate
Principal Balance:
Class 1-A3 $223,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFE0
May 26, 1998
14
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
15
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
16
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A3 Certificate
Principal Balance:
Class 1-A3 $223,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFE0
May 26, 1998
17
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
18
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
19
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A4 Certificate
Principal Balance:
Class 1-A4 $23,933,914
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFF7
May 26, 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 1-A4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
21
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
22
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A5 Certificate
Principal Balance:
Class 1-A5 $29,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFG5
May 26, 1998
23
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
24
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR BOOK-
ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS 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.
25
<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 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-R Certificate
Principal Balance:
Class 1-R $100
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFL4
May 26, 1998
26
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-R Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
27
<PAGE>
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
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 1998-8, issued in thirty-five Classes,
thirteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and twenty-two of which represent the entire
beneficial interest in the Pool 2 Trust Fund.
The Pool 1 Certificates are limited in right of payment
to certain payments on and collections in respect of the Pool 1
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 Pool 1 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 1 Certificates (the "Pool 1
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
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 Pool
28
<PAGE>
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 1. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 1 Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-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 Pool 1 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-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.
29
<PAGE>
No transfer of any Class 1-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 1-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 1-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 1 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, Pool 1 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.
30
<PAGE>
The obligations and responsibilities created by the
Agreement, and the Pool 1 Trust Fund created thereby shall
terminate upon payment to the Pool 1 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 1
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 1 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 1 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such 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 Pool
1 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 1
Mortgage Loan. The right of the Company to repurchase all the
Pool 1 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 1 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 1
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 1
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.
31
<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:__________________
32
<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 Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective 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.
33
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
34
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-PO Certificate
Principal Balance:
Class 1-PO $528,986.30
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
April 1, 1998
First Distribution Date:
May 26, 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 1-PO Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
36
<PAGE>
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
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 1998-8, issued in thirty-five Classes,
thirteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and twenty-two of which represent the entire
beneficial interest in the Pool 2 Trust Fund.
The Pool 1 Certificates are limited in right of payment
to certain payments on and collections in respect of the Pool 1
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 Pool 1 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 1 Certificates (the "Pool 1
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
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 Pool
37
<PAGE>
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 1. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 1 Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-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 Pool 1 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-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.
38
<PAGE>
No transfer of any Class 1-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 1-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 1-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 1 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, Pool 1 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.
39
<PAGE>
The obligations and responsibilities created by the
Agreement, and the Pool 1 Trust Fund created thereby shall
terminate upon payment to the Pool 1 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 1
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 1 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 1 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such 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 Pool
1 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 1
Mortgage Loan. The right of the Company to repurchase all the
Pool 1 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 1 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 1
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 1
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 Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective 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>
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.
43
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-M Certificate
Principal Balance:
Class 1-M $10,516,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFH3
May 26, 1998
44
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-M Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
45
<PAGE>
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
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 1998-8, issued in thirty-five Classes,
thirteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and twenty-two of which represent the entire
beneficial interest in the Pool 2 Trust Fund.
The Pool 1 Certificates are limited in right of payment
to certain payments on and collections in respect of the Pool 1
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 Pool 1 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 1 Certificates (the "Pool 1
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
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 Pool
46
<PAGE>
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 1. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 1 Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-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 Pool 1 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-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.
47
<PAGE>
No transfer of any Class 1-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 1-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 1-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 1 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, Pool 1 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.
48
<PAGE>
The obligations and responsibilities created by the
Agreement, and the Pool 1 Trust Fund created thereby shall
terminate upon payment to the Pool 1 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 1
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 1 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 1 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such 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 Pool
1 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 1
Mortgage Loan. The right of the Company to repurchase all the
Pool 1 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 1 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 1
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 1
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.
49
<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:__________________
50
<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 Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective 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.
51
<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.
52
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-B1 Certificate
Principal Balance:
Class 1-B1 $4,006,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFJ9
May 26, 1998
53
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
54
<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.
55
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-B2 Certificate
Principal Balance:
Class 1-B2 $2,253,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFK6
May 26, 1998
56
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
57
<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.
58
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-B3 Certificate
Principal Balance:
Class 1-B3 $2,003,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36158GCL0
May 26, 1998
59
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
60
<PAGE>
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
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 1998-8, issued in thirty-five Classes,
thirteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and twenty-two of which represent the entire
beneficial interest in the Pool 2 Trust Fund.
The Pool 1 Certificates are limited in right of payment
to certain payments on and collections in respect of the Pool 1
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 Pool 1 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 1 Certificates (the "Pool 1
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
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 Pool
61
<PAGE>
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 1. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 1 Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-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 Pool 1 Trust Fund being deemed to be
"plan assets" and subject to the prohibited transaction
provisions of ERISA or Section 4975 and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement; provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of a change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of a Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 or Class 1-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.
62
<PAGE>
No transfer of any Class 1-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 1-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 1-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 1 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, Pool 1 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.
63
<PAGE>
The obligations and responsibilities created by the
Agreement, and the Pool 1 Trust Fund created thereby shall
terminate upon payment to the Pool 1 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 1
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 1 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 1 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such 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 Pool
1 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 1
Mortgage Loan. The right of the Company to repurchase all the
Pool 1 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 1 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 1
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 1
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.
64
<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:__________________
65
<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 Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective 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.
66
<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
67
<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)
68
<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.
69
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-B4 Certificate
Principal Balance:
Class 1-B4 $1,002,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36158GCM8
May 26, 1998
70
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
71
<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.
72
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-B5 Certificate
Principal Balance:
Class 1-B5 $1,502,644.03
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36158GCN6
May 26, 1998
73
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 1 Trust Fund"), consisting
primarily of a 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 Pool 1 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such trustee, in its capacity as
trustee of the Pool 1 Trust Fund, together with any successor
trustee, is herein referred to as the "Trustee".) 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 May 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
74
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
75
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A1 Certificate
Principal Balance:
Class 2-A1 $82,349,607
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFM2
May 26, 1998
76
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
77
<PAGE>
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
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 1998-8, issued in thirty-five Classes,
thirteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and twenty-two of which represent the entire
beneficial interest in the Pool 2 Trust Fund.
The Pool 2 Certificates are limited in right of payment
to certain payments on and collections in respect of the Pool 2
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 Pool 2 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 2 Certificates (the 66 Pool 2
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
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 Pool
78
<PAGE>
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 2. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 2 Certificates.
No transfer of any Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 2 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 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
79
<PAGE>
No transfer of any Class 2-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 2-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 2-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 2 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, Pool 2 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.
80
<PAGE>
The obligations and responsibilities created by the
Agreement, and the Pool 2 Trust Fund created thereby shall
terminate upon payment to the Pool 2 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 2
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 2 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such 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 Pool
2 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 2
Mortgage Loan. The right of the Company to repurchase all the
Pool 2 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 2 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 2
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 2
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
81
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
82
<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 Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 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.
83
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
84
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A2 Certificate
Principal Balance:
Class 2-A2 $15,125,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFN0
May 26, 1998
85
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
86
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
87
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A3 Certificate
Principal Balance:
Class 2-A3 $2,500,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFP5
May 26, 1998
88
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
89
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
90
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A4 Certificate
Principal Balance:
Class 2-A4 $2,750,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFQ3
May 26, 1998
91
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
92
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
93
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A5 Certificate
Principal Balance:
Class 2-A5 $4,125,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFR1
May 26, 1998
94
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
95
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
96
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A6 Certificate
Principal Balance:
Class 2-A6 $4,321,969
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFS9
May 26, 1998
97
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A6 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
98
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
99
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A7 Certificate
Principal Balance:
Class 2-A7 $3,625,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFT7
May 26, 1998
100
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A7 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
101
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
102
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A8 Certificate
Principal Balance:
Class 2-A8 $3,625,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFU4
May 26, 1998
103
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A8 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
104
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
105
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A9 Certificate
Principal Balance:
Class 2-A9 $3,625,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFV2
May 26, 1998
106
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A9 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
107
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
108
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A10
Certificate
Principal Balance:
Class 2-A10 $3,625,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFW0
May 26, 1998
109
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A10 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
110
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
111
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A11
Certificate
Principal Balance:
Class 2-A11 $3,625,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFX8
May 26, 1998
112
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A11 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
113
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
114
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A12
Certificate
Principal Balance:
Class 2-A12 $11,339,531
Certificate Interest Initial Certificate Principal
Rate per annum: 6.20% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFY6
May 26, 1998
115
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A12 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
116
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
117
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A13
Certificate
Principal Balance:
Class 2-A13 $10,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.20% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RFZ3
May 26, 1998
118
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest
evidenced by this Certificate (obtained by dividing the initial
Certificate Principal Balance of this Certificate by the
aggregate initial Certificate Principal Balance of all Class 2-
A13 Certificates, both as specified above) in certain
distributions with respect to a distinct trust fund (the "Pool 2
Trust Fund"), consisting primarily of a 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 Pool 2 Trust Fund was created
pursuant to a Pooling and Servicing Agreement dated as of April
1, 1998 (the "Agreement") between the Company and State Street
Bank and Trust Company, as trustee of the Pool 1 Trust Fund and
the Pool 2 Trust Fund, a summary of certain of the pertinent
provisions of which is set forth herein below. (Such Trustee, in
its capacity as trustee of the Pool 2 Trust Fund, together with
an successor trustee, is herein referred to as the "Trustee".) 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 May 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
119
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
120
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A14
Certificate
Principal Balance:
Class 2-A14 $17,500,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RGA7
May 26, 1998
121
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A14 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
122
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS 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.
123
<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 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-R Certificate
Principal Balance:
Class 2-R $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RGE9
May 26, 1998
124
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-R Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
125
<PAGE>
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
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 1998-8, issued in thirty-five Classes,
thirteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and twenty-two of which represent the entire
beneficial interest in the Pool 2 Trust Fund.
The Pool 2 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 2 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 Pool 2 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 2 Certificates (the 66 Pool 2
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
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 Pool
126
<PAGE>
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 2. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 2 Certificates.
No transfer of any Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 2 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 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
127
<PAGE>
No transfer of any Class 2-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 2-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 2-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 2 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, Pool 2
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.
128
<PAGE>
The obligations and responsibilities created by the
Agreement, and the Pool 2 Trust Fund created thereby shall
terminate upon payment to the Pool 2 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 2
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 2 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such 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 Pool
2 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 2
Mortgage Loan. The right of the Company to repurchase all the
Pool 2 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 2 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 2
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 2
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.
129
<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:_____________________
130
<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 Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 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.
131
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
132
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-PO Certificate
Principal Balance:
Class 2-PO $62,609.31
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
April 1, 1998
First Distribution Date:
May 26, 1998
133
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-PO Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
134
<PAGE>
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
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 1998-8, issued in thirty-five Classes,
thirteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and twenty-two of which represent the entire
beneficial interest in the Pool 2 Trust Fund.
The Pool 2 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 2 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 Pool 2 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 2 Certificates (the 66 Pool 2
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
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 Pool
134
<PAGE>
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 2. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 2 Certificates.
No transfer of any Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 2 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 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
136
<PAGE>
No transfer of any Class 2-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 2-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 2-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 2 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, Pool 2
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.
137
<PAGE>
The obligations and responsibilities created by the
Agreement, and the Pool 2 Trust Fund created thereby shall
terminate upon payment to the Pool 2 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 2
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 2 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such 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 Pool
2 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 2
Mortgage Loan. The right of the Company to repurchase all the
Pool 2 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 2 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 2
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 2
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.
138
<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:___________________
139
<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 Pool 1 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said respective 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.
140
<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.
141
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-M Certificate
Principal Balance:
Class 2-M $3,420,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RGB5
May 26, 1998
142
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-M Certificates, both
as specified above) in certain distributions with respect to a
distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
143
<PAGE>
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
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 1998-8, issued in thirty-five Classes,
thirteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and twenty-two of which represent the entire
beneficial interest in the Pool 2 Trust Fund.
The Pool 2 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 2 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 Pool 2 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 2 Certificates (the 66 Pool 2
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
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 Pool
144
<PAGE>
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 2. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 2 Certificates.
No transfer of any Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 2 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 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
145
<PAGE>
No transfer of any Class 2-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 2-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 2-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 2 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, Pool 2
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.
146
<PAGE>
The obligations and responsibilities created by the
Agreement, and the Pool 2 Trust Fund created thereby shall
terminate upon payment to the Pool 2 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 2
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 2 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such 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 Pool
2 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 2
Mortgage Loan. The right of the Company to repurchase all the
Pool 2 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 2 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 2
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 2
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.
147
<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:__________________
148
<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 Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 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.
149
<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.
150
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-B1 Certificate
Principal Balance:
Class 2-B1 $1,403,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RGC3
May 26, 1998
151
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B1 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
152
<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.
153
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-B2 Certificate
Principal Balance:
Class 2-B2 $702,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36157RGD1
May 26, 1998
154
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B2 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
155
<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.
156
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-B3 Certificate
Principal Balance:
Class 2-B3 $702,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36158GCP1
May 26, 1998
157
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B3 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
158
<PAGE>
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
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 1998-8, issued in thirty-five Classes,
thirteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and twenty-two of which represent the entire
beneficial interest in the Pool 2 Trust Fund.
The Pool 2 Certificates are limited in right of
payment to certain payments on and collections in respect of the
Pool 2 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 Pool 2 Certificate Account for payment hereunder
and that the Trustee in its individual capacity is not personally
liable to the holders of the Pool 2 Certificates (the 66 Pool 2
Certificateholders") for any amount payable under this
Certificate or the Agreement or, except as expressly provided in
the Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
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 Pool
159
<PAGE>
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
Certificateholders evidencing not less than 66% of all the Voting
Rights related to Pool 2. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Pool 2 Certificates.
No transfer of any Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is in the
form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Pool 2 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 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a
Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
160
<PAGE>
No transfer of any Class 2-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 2-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 2-R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Pool 2 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, Pool 2
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.
161
<PAGE>
The obligations and responsibilities created by the
Agreement, and the Pool 2 Trust Fund created thereby shall
terminate upon payment to the Pool 2 Certificateholders, or
provision therefor, in accordance with the Agreement following
the earlier of (a) the repurchase by the Company of all Pool 2
Mortgage Loans and all property acquired in respect of any
Mortgage Loan remaining in the Pool 2 Trust Fund at a price equal
to the sum of (x) 100% of the unpaid principal balance of each
Pool 2 Mortgage Loan (other than a Mortgage Loan described in
clause (y)) plus accrued and unpaid interest thereon at the rate
provided for in the Agreement (less any amounts representing
previously unreimbursed Monthly Advances) and (y) the appraised
value of any property acquired in respect of such 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 Pool
2 Trust Fund and the disposition of all property acquired upon
foreclosure or by deed in lieu of foreclosure of any Pool 2
Mortgage Loan. The right of the Company to repurchase all the
Pool 2 Mortgage Loans and property in respect of such Mortgage
Loans is subject to the Scheduled Principal Balance of all the
Pool 2 Certificates at the time of repurchase being less than 10
percent of the Scheduled Principal Balance of all the Pool 2
Certificates as of the Cut-off Date. The Company's exercise of
such right will result in early retirement of the Pool 2
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.
162
<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:___________________
163
<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 Pool 2 Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Pool 2 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.
164
<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
165
<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)
166
<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.
167
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-B4 Certificate
Principal Balance:
Class 2-B4 $350,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36158GCQ9
May 26, 1998
168
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B4 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
169
<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.
170
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-8
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-B5 Certificate
Principal Balance:
Class 2-B5 $614,867.01
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
April 1, 1998
First Distribution Date: CUSIP:36158GCR7
May 26, 1998
171
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B5 Certificates,
both as specified above) in certain distributions with respect to
a distinct trust fund (the "Pool 2 Trust Fund"), consisting
primarily of a 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 Pool 2 Trust Fund was created pursuant to a
Pooling and Servicing Agreement dated as of April 1, 1998 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee of the Pool 1 Trust Fund and the Pool 2 Trust
Fund, a summary of certain of the pertinent provisions of which
is set forth herein below. (Such Trustee, in its capacity as
trustee of the Pool 2 Trust Fund, together with an successor
trustee, is herein referred to as the "Trustee".) 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 May 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
172
<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, name of the Mortgagor
and Mortgage Pool. The following details shall be set forth as to
each Mortgage Loan: (i) the principal balance at the time of its
origination, (ii) the Scheduled Principal Balance as of the
Cut-off Date, (iii) the interest rate borne by the Mortgage Note,
(iv) the scheduled monthly level payment of principal and
interest, (v) the Loan-To-Value Ratio, (vi) the maturity date of
the Mortgage Note and (vii) the Base Servicing Fee Rate for such
Mortgage Loan. Any Cooperative Loans shall be designated as
such.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007658834 MORTGAGORS: BAPU RAM
PRASAD BAPU
REGION CODE ADDRESS : 19910 SARAGLEN
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 445,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,117.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,175.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007658842 MORTGAGORS: HANCE JAMES
FIALKO CYNTHIA
REGION CODE ADDRESS : 3 ANDREAS CIRCLE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,664.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007658859 MORTGAGORS: PROPP ROBERT
PROPP CATHERINE
REGION CODE ADDRESS : 67 DECLARATION PLACE
01 CITY : IRVINE
STATE/ZIP : CA 92602
MORTGAGE AMOUNT : 255,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,200.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 79.80700
----------------------------------------------------------------
0 0007658867 MORTGAGORS: ADAMS MINNETTA
SCOTT ANNE
REGION CODE ADDRESS : 133 SAN MARINO DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 526,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,922.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,681.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007658875 MORTGAGORS: WILLIAMS JERRY
REGION CODE ADDRESS : 14003 STRAWBERRY CIRCLE
01 CITY : PENN VALLEY
STATE/ZIP : CA 95946
MORTGAGE AMOUNT : 585,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 584,007.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,973.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 75.53500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,063,500.00
P & I AMT: 14,378.40
UPB AMT: 2,057,913.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007658909 MORTGAGORS: STAFFORD JOHN
REGION CODE ADDRESS : 17679 RIVERBEND ROAD
01 CITY : SALINAS
STATE/ZIP : CA 93908
MORTGAGE AMOUNT : 244,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,689.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007658925 MORTGAGORS: SMITH RANDAL
SMITH CATHERINE
REGION CODE ADDRESS : 6 MAPLE WAY
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,478.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,389.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007658941 MORTGAGORS: BARLOW GARY
REGION CODE ADDRESS : 22 58TH PLACE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 379,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,407.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,742.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007658966 MORTGAGORS: REILLY MARK
REILLY LISA
REGION CODE ADDRESS : 1919 31ST AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,429.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007658974 MORTGAGORS: SHAW ROBERT
SHAW KRISTA
REGION CODE ADDRESS : 1490 CARMELITA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,058.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 54.95400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,800.00
P & I AMT: 10,707.80
UPB AMT: 1,503,063.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007658982 MORTGAGORS: LABRANCHE ALAN
BLACK ELIZABETH
REGION CODE ADDRESS : 14665 GALLANT FOX
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,087.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,022.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659014 MORTGAGORS: SHARROCK JANICE
SHARROCK TIM
REGION CODE ADDRESS : 102 VISTA DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 250,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,427.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 72.52100
----------------------------------------------------------------
0 0007659022 MORTGAGORS: GIBSON WILLIAM
REGION CODE ADDRESS : 2037 HATCH ROAD
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,130.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,838.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 62.30500
----------------------------------------------------------------
0 0007659030 MORTGAGORS: BALASKAS PETER
BALASKAS GLORIA
REGION CODE ADDRESS : 17322 LIDO LANE
01 CITY : HUNTINGTON
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,309.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659048 MORTGAGORS: HEIDLER DANIEL
HEIDLER PENNY
REGION CODE ADDRESS : 748 MOUNTAIN SHADOWS DRIVE
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,096.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,000.00
P & I AMT: 10,813.01
UPB AMT: 1,533,051.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659055 MORTGAGORS: GEISMAN RONALD
GEISMAN JOYCE
REGION CODE ADDRESS : 31620 SCENIC DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,118.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 65.35900
----------------------------------------------------------------
0 0007659089 MORTGAGORS: ALTBAUM FRANCES
REGION CODE ADDRESS : 122 GROVER LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 254,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,367.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 74.98100
----------------------------------------------------------------
0 0007659097 MORTGAGORS: HALLNER TOBY
HALLNER SCOTT
REGION CODE ADDRESS : 7143 VISTA DE ORO
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,394.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.90000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.90000 PRODUCT CODE : 002
LTV : 45.71400
----------------------------------------------------------------
0 0007659113 MORTGAGORS: FUQUA JAMES
FUQUA RENEE
REGION CODE ADDRESS : 2857 17 MILE DRIVE
01 CITY : PEBBLE BEACH
STATE/ZIP : CA 93953
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 538,475.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,887.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659121 MORTGAGORS: KANE MIRIAM
KANE GERALD
REGION CODE ADDRESS : 6306 MARQUIS COURT
01 CITY : OAK PARK
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 406,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,459.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,953.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 79.98818
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,741,200.00
P & I AMT: 12,383.00
UPB AMT: 1,736,816.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659147 MORTGAGORS: RUSSELL KENNETH
RUSSELL DONNA
REGION CODE ADDRESS : 22615 CANYON CLUB
01 CITY : CANYON LAKE
STATE/ZIP : CA 92587
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,485.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659154 MORTGAGORS: ACOSTA GARY
REGION CODE ADDRESS : 4437 EDISON STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,405.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 84.92300
----------------------------------------------------------------
0 0007659170 MORTGAGORS: MC CASKILL JOHN
MC CASKILL CAROLE
REGION CODE ADDRESS : 28630 ROAN ROAD
01 CITY : RANCHO PALO VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 347,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,437.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,451.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659188 MORTGAGORS: BERTON BRUCE
BERTON BARBARA
REGION CODE ADDRESS : 662 PALISADES DR.
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,112.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 59.44400
----------------------------------------------------------------
0 0007659204 MORTGAGORS: PELOSI LOUIS
PURDY PELOSI SUSAN
REGION CODE ADDRESS : 542 HILBAR LANE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,226.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,308.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 50.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,200.00
P & I AMT: 10,816.88
UPB AMT: 1,519,667.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659212 MORTGAGORS: TABATABAI ALI
TABATABAI SUSANA
REGION CODE ADDRESS : 31 ALTEZZA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 318,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,137.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0007659220 MORTGAGORS: HILL CAROL
REGION CODE ADDRESS : 545 DOLORES STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,255.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 69.91600
----------------------------------------------------------------
0 0007659238 MORTGAGORS: MCMAHON LINDA
REGION CODE ADDRESS : 888 RIDGEDALE COURT
01 CITY : EL SOBRANTE
STATE/ZIP : CA 94803
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,593.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 79.82800
----------------------------------------------------------------
0 0007659253 MORTGAGORS: MICHELS LARRY
MICHELS DAWN
REGION CODE ADDRESS : 308 SKYVIEW DRIVE
01 CITY : LOMPOC
STATE/ZIP : CA 93436
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,462.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 77.04900
----------------------------------------------------------------
0 0007659261 MORTGAGORS: ROBLES STEVEN
ROBLES BRIDGET
REGION CODE ADDRESS : 995 BARCELONA DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,302.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,301,100.00
P & I AMT: 9,094.16
UPB AMT: 1,297,751.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659279 MORTGAGORS: COSTEA NICOLAS
COSTEA ILEANA
REGION CODE ADDRESS : 3651 TERRACE VIEW DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,245.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 49.54100
----------------------------------------------------------------
0 0007659295 MORTGAGORS: MARDIROSSIAN OLGA
REGION CODE ADDRESS : 731 ADMIRAL COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,318.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659303 MORTGAGORS: CARLSON CRAIG
WALKER-CARLSON MARIA
REGION CODE ADDRESS : 623 CASSOU ROAD
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,172.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0007659329 MORTGAGORS: ENTERANTE LOUIS
ENTERANTE FRANCES
REGION CODE ADDRESS : 2569 AUTUMN RIDGE DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 315,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,113.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0007659337 MORTGAGORS: DAVIS CHRISTINE
REGION CODE ADDRESS : 1640 21ST STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 227,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,783.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,551.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,300.00
P & I AMT: 10,179.22
UPB AMT: 1,425,633.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659345 MORTGAGORS: ESPLIN WAYNE
ESPLIN SUSAN
REGION CODE ADDRESS : 4840 CORSO CIRCLE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 307,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,363.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 85.36100
----------------------------------------------------------------
0 0007659352 MORTGAGORS: DEISER PETER
DEISER THERESE
REGION CODE ADDRESS : 26492 SILVER SADDLE LANE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,133.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 24.16289
----------------------------------------------------------------
0 0007659378 MORTGAGORS: RANDOLPH FREDERICK
RANDOLPH SUSAN
REGION CODE ADDRESS : 40115 VIA CORDOVA
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,009.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659394 MORTGAGORS: JOHNSON CRAIG
REGION CODE ADDRESS : 2505 CASTILLO ST
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,658.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 65.37500
----------------------------------------------------------------
0 0007659402 MORTGAGORS: WEISS SCOTT
REGION CODE ADDRESS : 21716 RUSHFORD DRIVE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,156.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,152.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 81.91700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,400.00
P & I AMT: 9,846.76
UPB AMT: 1,386,321.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659410 MORTGAGORS: WAYSHAK CORINNE
GONZALES CHRISTOPHER
REGION CODE ADDRESS : 1721 HOLT AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,907.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,165.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659444 MORTGAGORS: FITCHETT LARRY
REGION CODE ADDRESS : 17931 OAK GROVE DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 301,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,161.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007659451 MORTGAGORS: DICK JAMES
DICK KIM
REGION CODE ADDRESS : 22 OLD RODGERS RANCH CT
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,197.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,958.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659477 MORTGAGORS: RICHLAND ROBERT
RICHLAND SHIRLEY
REGION CODE ADDRESS : 1528 COURTNEY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,936.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 44.17300
----------------------------------------------------------------
0 0007659485 MORTGAGORS: ZEIGER DAVID
ZEIGER SUSAN
REGION CODE ADDRESS : 3 WESTMINSTER
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,119.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,583,100.00
P & I AMT: 10,940.53
UPB AMT: 1,578,321.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659493 MORTGAGORS: SCHWAB EDWARD
REGION CODE ADDRESS : 131 S CERRO VISTA WAY
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,849.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,644.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 69.09000
----------------------------------------------------------------
0 0007659519 MORTGAGORS: WANEGAR LINDA
REGION CODE ADDRESS : 338 BELL LANE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,329.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 75.15100
----------------------------------------------------------------
0 0007659527 MORTGAGORS: BLOM DOUGLAS
REGION CODE ADDRESS : 67 MONTEREY BLVD
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 573,259.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,000.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 59.58500
----------------------------------------------------------------
0 0007659535 MORTGAGORS: TRAN DANH
TANG KIM
REGION CODE ADDRESS : 27072 IRONWOOD DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 374,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,851.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659543 MORTGAGORS: BUERGE JAMES
BUERGE COLLEEN
REGION CODE ADDRESS : 1039 25TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,085.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,811.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,981,400.00
P & I AMT: 13,765.23
UPB AMT: 1,974,376.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659550 MORTGAGORS: WIZER PHILIP
WIZER SUSAN
REGION CODE ADDRESS : 46320 SANDIA CREEK DRIVE
01 CITY : TEMECULA
STATE/ZIP : CA 92590
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,435.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0007659568 MORTGAGORS: TRAN CHANH
NGUYEN VICTORIA
REGION CODE ADDRESS : 1063 SUMMERWOOD CT
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 270,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,803.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 74.10900
----------------------------------------------------------------
0 0007659584 MORTGAGORS: LEMONIER DONALD
QUINN DENISE
REGION CODE ADDRESS : 255 GREEN STREET
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,949.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,535.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 69.43300
----------------------------------------------------------------
0 0007659600 MORTGAGORS: VICTOR ROBERT
VICTOR SUZANNE
REGION CODE ADDRESS : 16960 MALAGA DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,955.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 73.78300
----------------------------------------------------------------
0 0007659618 MORTGAGORS: WELLS ALISON
REGION CODE ADDRESS : 924 TROPHY DR
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,905.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,709.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,500.00
P & I AMT: 10,876.73
UPB AMT: 1,533,050.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659634 MORTGAGORS: VARON SAMUEL
VARON SUSAN
REGION CODE ADDRESS : 9736 CRESTA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,624.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,709.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0007659642 MORTGAGORS: VONDRACEK JOSEF
VONDRACEK LESA
REGION CODE ADDRESS : 213 BARCELONA CIRCLE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,319.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,252.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659659 MORTGAGORS: ALTON DOUGLAS
ALTON PATRICIA
REGION CODE ADDRESS : 15070 MURPHY AVE
01 CITY : SAN MARTIN
STATE/ZIP : CA 95046
MORTGAGE AMOUNT : 397,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,396.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,766.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659667 MORTGAGORS: FUKUI TOSHIYA
FUKUI ERI
REGION CODE ADDRESS : 5508 RIVIERA WAY
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,630.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 76.08100
----------------------------------------------------------------
0 0007659675 MORTGAGORS: ROESSLER MANFRED
ROESSLER EDDA
REGION CODE ADDRESS : 1817 NORTH MEADOWS AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,228.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,635,100.00
P & I AMT: 11,495.02
UPB AMT: 1,630,200.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659683 MORTGAGORS: KELLY ROBERT
KELLY KRISTIN
REGION CODE ADDRESS : 1140 CABRILLO AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,059.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 34.73600
----------------------------------------------------------------
0 0007659691 MORTGAGORS: URBAT WOLFGANG
URBAT INGRID
REGION CODE ADDRESS : 2320 W CANTINA WAY
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92264
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,147.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659709 MORTGAGORS: WEIL ALEX
WEIL LAILA
REGION CODE ADDRESS : 2323 DALADIER DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 441,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,031.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,113.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 250
LTV : 60.00000
----------------------------------------------------------------
0 0007659717 MORTGAGORS: KERVICK BRIAN
KERVICK ROBIN
REGION CODE ADDRESS : 22632 LEDANA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,231.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 84.66600
----------------------------------------------------------------
0 0007659725 MORTGAGORS: STRONG PERRI
STRONG BRENDA
REGION CODE ADDRESS : 327 S ROYAL RIDGE DR
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,269.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 63.96800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,704,000.00
P & I AMT: 11,978.50
UPB AMT: 1,696,739.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659733 MORTGAGORS: MOXNESS DAVID
MOXNESS CYNTHIA
REGION CODE ADDRESS : 1729 CLEARVIEW ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93101
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,273.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 74.24200
----------------------------------------------------------------
0 0007659741 MORTGAGORS: SCHEPS RICHARD
SPIECZNY NANCY
REGION CODE ADDRESS : 15830 LAS PLANIDERAS
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,697.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,178.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 56.00000
----------------------------------------------------------------
0 0007659758 MORTGAGORS: BUSS CHRISTOPHER
BUSS RHONDA
REGION CODE ADDRESS : 17227 SANDALWOOD WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,820.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,780.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0007659782 MORTGAGORS: SCOTT KATHERINE
PERKINS ALBERT
REGION CODE ADDRESS : 3411 PARK BLVD
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,243.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 68.49300
----------------------------------------------------------------
0 0007659790 MORTGAGORS: JOHNSON JEFFERY
JOHNSON CHRISTINE
REGION CODE ADDRESS : 25060 OUTLOOK DR
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,179.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,000.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 66.35200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,615,000.00
P & I AMT: 11,420.99
UPB AMT: 1,606,214.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659808 MORTGAGORS: NAKAMURA KIRK
NAKAMURA JUDY
REGION CODE ADDRESS : 27845 ELK MOUNTAIN DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 413,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,800.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,944.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 77.92400
----------------------------------------------------------------
0 0007659816 MORTGAGORS: CARY JOHN
CARY VALERIE
REGION CODE ADDRESS : 2682 CALICO COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,101.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 69.33300
----------------------------------------------------------------
0 0007659824 MORTGAGORS: HOFFMANN PETER
HOFFMANN JANE
REGION CODE ADDRESS : 14 ARISTOTLE
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,272.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 28.57100
----------------------------------------------------------------
0 0007659832 MORTGAGORS: GOLD STEPHEN
GOLD CAROLE
REGION CODE ADDRESS : 11555 LANDALE ST
01 CITY : STUDIO CITY
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,109.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 67.33300
----------------------------------------------------------------
0 0007659840 MORTGAGORS: ROBERTS MERVIN
ROBERTS MARY
REGION CODE ADDRESS : 6784 NORCOTT CT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 279,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,004.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,557,600.00
P & I AMT: 11,085.26
UPB AMT: 1,553,289.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659857 MORTGAGORS: BELL THOMAS
BELL MAUREEN
REGION CODE ADDRESS : 256 SAN FELIPE AVENUE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,287.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007659865 MORTGAGORS: BUGOS GLENN
GOULD KELLY
REGION CODE ADDRESS : 188 KING ST
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 325,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,899.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659873 MORTGAGORS: SHARIFI NADER
COOKSON ANGELA
REGION CODE ADDRESS : 2339 SHELLEY AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 78.23100
----------------------------------------------------------------
0 0007659881 MORTGAGORS: BARRAGAN RICHARD
BARRAGAN MARGARITA
REGION CODE ADDRESS : 4212 PASEO DE LA VISTA
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,229.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659899 MORTGAGORS: BRADT TERRY
BRADT JOHN
REGION CODE ADDRESS : 1072 FOOTHILL BLVD
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,475.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,281,600.00
P & I AMT: 9,052.39
UPB AMT: 1,276,893.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659907 MORTGAGORS: RODRIGUEZ ERNEST
MOORE MARY
REGION CODE ADDRESS : 39980 SAN SIMEON CT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,092.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 74.25000
----------------------------------------------------------------
0 0007659915 MORTGAGORS: GLAS FRANZ
GLAS MONIKA
REGION CODE ADDRESS : 2054 ALISO AVE
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,452.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 64.95000
----------------------------------------------------------------
0 0007659923 MORTGAGORS: CUSEO FRANCIS
CUSEO SHARON
REGION CODE ADDRESS : 315 N ALMENAR DRIVE
01 CITY : GREENBRAE
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,940.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 65.42000
----------------------------------------------------------------
0 0007659931 MORTGAGORS: JENNINGS ROBERT
JENNINGS KATHLEEN
REGION CODE ADDRESS : 5001 NOELINE AVE
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,128.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 70.09300
----------------------------------------------------------------
0 0007659956 MORTGAGORS: MAUCK PATTI
REGION CODE ADDRESS : 27341 LINDEN LANE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,409.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,015.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,000.00
P & I AMT: 11,145.84
UPB AMT: 1,563,022.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659964 MORTGAGORS: PIERSON BEVERLY
REGION CODE ADDRESS : 821 MARGO STREET
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93109
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,702.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007659972 MORTGAGORS: WISE DONALD
REGION CODE ADDRESS : 1221 BAYSIDE DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,543.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.02300
----------------------------------------------------------------
0 0007659998 MORTGAGORS: SUTHERLAND SUSAN
SUTHERLAND PETER
REGION CODE ADDRESS : 3262 CABRILLO BLVD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,978.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007660004 MORTGAGORS: SNYDER MAX
SNYDER ANN
REGION CODE ADDRESS : 4466 PARK ARROYO
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 230,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,222.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 64.98500
----------------------------------------------------------------
0 0007660012 MORTGAGORS: HARRINGTON DONALD
HARRINGTON KATHLEEN
REGION CODE ADDRESS : 3769 SUNSET KNOLLS DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,286.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 88.53868
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,738,800.00
P & I AMT: 12,208.60
UPB AMT: 1,734,733.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007660020 MORTGAGORS: MOHOFF MICHAEL
MOHOFF TANIA
REGION CODE ADDRESS : 1610 EAST ROAD
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,250.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 30.35700
----------------------------------------------------------------
0 0007660038 MORTGAGORS: WONG HERBERT
WONG MARY ANN
REGION CODE ADDRESS : 9512 MONTERRA WAY
01 CITY : BUENA PARK
STATE/ZIP : CA 90620
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,046.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,191.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0007660046 MORTGAGORS: MONTALVO ARMANDO
MONTALVO ELIZABETH
REGION CODE ADDRESS : 4891 EXCELENTE DRIVE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 345,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,254.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.05000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.05000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0007660053 MORTGAGORS: LARSON JAMES
LARSON MARGRETA
REGION CODE ADDRESS : 44 RITTENHOUSE AVE
01 CITY : ATHERTON
STATE/ZIP : CA 94027
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,469.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.28571
----------------------------------------------------------------
0 0007660079 MORTGAGORS: COVERT ROY
COVERT VICKIE
REGION CODE ADDRESS : 6396 FORESTER DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 432,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,653.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,086.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,998,000.00
P & I AMT: 13,820.38
UPB AMT: 1,992,675.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007660095 MORTGAGORS: THEURIET MICHAEL
PETERSON-THEURIET DANA
REGION CODE ADDRESS : 127 SANTA ROSA AVENUE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,265.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 78.46100
----------------------------------------------------------------
0 0007660129 MORTGAGORS: UKOHA IGWE
UKOHA BEVERLY
REGION CODE ADDRESS : 18829 BELSHIRE AVENUE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,370.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007660137 MORTGAGORS: FINN RICHARD
ALGEYER-FINN ARLENE
REGION CODE ADDRESS : 1909 YACHT PURITAN
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,031.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,208.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 62.06800
----------------------------------------------------------------
0 0007660145 MORTGAGORS: DOUGHTY JOHN
DOUGHTY NANCY
REGION CODE ADDRESS : 2304 CLARK LANE #B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,412.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0007660152 MORTGAGORS: SHENOY VARADARAJ
SHENOY KUMUDA
REGION CODE ADDRESS : 22687 VOSS AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 509,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 507,904.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,628.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 76.54100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,736,000.00
P & I AMT: 12,234.04
UPB AMT: 1,731,984.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007660160 MORTGAGORS: MAXWELL JEFFREY
MAXWELL TRACY
REGION CODE ADDRESS : 155 QUAIL HOLLOW ROAD
01 CITY : FELTON
STATE/ZIP : CA 95018
MORTGAGE AMOUNT : 256,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,598.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 78.83000
----------------------------------------------------------------
0 0007660186 MORTGAGORS: MORAN ALVIN
MORAN NELLEEN
REGION CODE ADDRESS : 9755 ENCHANTO ROAD
01 CITY : ATASCADERO
STATE/ZIP : CA 93422
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,470.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 68.82300
----------------------------------------------------------------
0 0007660194 MORTGAGORS: WAYNE GERARD
WAYNE LOIS
REGION CODE ADDRESS : 9509 GLOAMING DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,477.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 54.94500
----------------------------------------------------------------
0 0007660202 MORTGAGORS: ARMSTRONG RICHARD
ARMSTRONG PAMELA
REGION CODE ADDRESS : 528 PEREGRINA ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,367.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 79.45900
----------------------------------------------------------------
0 0007660210 MORTGAGORS: LINGREN BILL
PARRY SUSAN
REGION CODE ADDRESS : 17 W GARZAS ROAD
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,191.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,566.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 74.22600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,200.00
P & I AMT: 9,925.88
UPB AMT: 1,391,104.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007660228 MORTGAGORS: HARALDSEN TORE
HARALDSEN IRENE
REGION CODE ADDRESS : 1551 JASPER DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,462.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 41.02500
----------------------------------------------------------------
0 0007660236 MORTGAGORS: COCKERILL CHRISTOPHER
REGION CODE ADDRESS : 5241 LIGURIAN CT
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,038.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,482.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.95000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.95000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0007660244 MORTGAGORS: SHAPAZIAN LEROY
SHAPAZIAN PAULA
REGION CODE ADDRESS : 242 WEST HUBERT COURT
01 CITY : FRESNO
STATE/ZIP : CA 93711
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,438.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007660251 MORTGAGORS: CRAIG JEFFREY
CRAIG MARIE
REGION CODE ADDRESS : 4637 FORT ROYAL
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 276,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,104.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0007661853 MORTGAGORS: SOKOLOWSKI LESTER
SOKOLOWSKI HELEN
REGION CODE ADDRESS : 21735 PINE GROVE COURT
01 CITY : KILDEER
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,850.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 69.32500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,422,200.00
P & I AMT: 9,814.75
UPB AMT: 1,415,894.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007661861 MORTGAGORS: HELFRICH ROBERT
HELFRICH ANNA
REGION CODE ADDRESS : 713 FAIRFIELD CT
01 CITY : WESTMONT
STATE/ZIP : IL 60559
MORTGAGE AMOUNT : 379,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,583.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,704.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007661879 MORTGAGORS: GONZALEZ VICTOR
FULTON-GONZALEZ SANDRA
REGION CODE ADDRESS : 16536 FARLEY ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,195.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,625.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007661895 MORTGAGORS: HOLLEY KERRIE
MCDOUGALL GRETCHEN
REGION CODE ADDRESS : 266 5TH ST
01 CITY : MONTARA
STATE/ZIP : CA 94037
MORTGAGE AMOUNT : 317,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,874.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007661903 MORTGAGORS: REZAKHANLOU FRAYDOUN
REGION CODE ADDRESS : 3514 SUGARBERRY LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,454.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 75.07700
----------------------------------------------------------------
0 0007661911 MORTGAGORS: MAGHEN HOUSHMAND
MAGHEN SHALA
REGION CODE ADDRESS : 1404 NORTH LAUREL AVENUE
01 CITY : UPLAND
STATE/ZIP : CA 91786
MORTGAGE AMOUNT : 296,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,444.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 89.87500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,604,500.00
P & I AMT: 11,258.97
UPB AMT: 1,599,551.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007661929 MORTGAGORS: LOCKHART SCOTT
LOCKHART NANCY
REGION CODE ADDRESS : 1144 CLEVELAND STREET
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 241,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,240.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007661937 MORTGAGORS: BENETTI JOY
BENETTI PAUL
REGION CODE ADDRESS : 4770 SUTTER GATE AVENUE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,411.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 79.52500
----------------------------------------------------------------
0 0007661945 MORTGAGORS: LEE OJONG
LEE KEVIN
REGION CODE ADDRESS : 2049 THAYER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,396.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 41.66600
----------------------------------------------------------------
0 0007661952 MORTGAGORS: MAZZO STEPHEN
MAZZO KAREN
REGION CODE ADDRESS : 1830 ALMOND WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,355.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 68.44600
----------------------------------------------------------------
0 0007661978 MORTGAGORS: ROSA JOSEPH
ROSA LISA
REGION CODE ADDRESS : 4000 HILTON HEAD WAY
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 486,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,987.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,366.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 73.66666
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,400.00
P & I AMT: 10,874.39
UPB AMT: 1,548,391.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007661986 MORTGAGORS: TAM PHILIP
TAM BETTY
REGION CODE ADDRESS : 126 11TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,300.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 59.40500
----------------------------------------------------------------
0 0007662000 MORTGAGORS: ZUCKER LARRY
ZUCKER VICKIE
REGION CODE ADDRESS : 8805 EAST GARDEN VIEW DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,722.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662026 MORTGAGORS: EISENHART SUSAN
REGION CODE ADDRESS : 847 17TH ST # 5
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,562.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662034 MORTGAGORS: TREVIZAN EDSON
TREVIZAN MONICA
REGION CODE ADDRESS : 17062 HEATHERWOOD WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,993.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,003.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662042 MORTGAGORS: WINTERS JOHN
WINTERS JUANITA
REGION CODE ADDRESS : 24321 TIMOTHY DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,417.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,593,600.00
P & I AMT: 11,094.56
UPB AMT: 1,589,996.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662059 MORTGAGORS: MOHAMMED MAHAJABEEN
REGION CODE ADDRESS : 5 NORTH 100 CANVASBACK LANE
01 CITY : BLOOMINGDALE
STATE/ZIP : IL 60108
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,380.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,053.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662067 MORTGAGORS: FREEDMAN ROBERT
FREEDMAN AMALIA
REGION CODE ADDRESS : 169 ELSIE ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,078.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662075 MORTGAGORS: HUGHES WILLIAM
HUGHES TRACEY
REGION CODE ADDRESS : 13006 HARTSOOK STREET
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,970.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 70.88700
----------------------------------------------------------------
0 0007662091 MORTGAGORS: FRIES ARTHUR
FRIES CINDY
REGION CODE ADDRESS : 225 VIA SAN REMO
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 622,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 621,160.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,438.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007662109 MORTGAGORS: LUTTER ALFRED
REGION CODE ADDRESS : 1 POINT SUR DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 604,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 602,605.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,161.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,138,000.00
P & I AMT: 14,934.31
UPB AMT: 2,133,194.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662117 MORTGAGORS: RIEMAN MARY
REGION CODE ADDRESS : 1665 TURNBULL CANYON ROAD
01 CITY : HACIENDA HEIGHTS
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,383.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662133 MORTGAGORS: POWER KEVIN
POWER LORI
REGION CODE ADDRESS : 1006 ALMARIDA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 256,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,537.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0007662141 MORTGAGORS: LAGORIO LEE
LAGORIO LINDA
REGION CODE ADDRESS : 4308 NATOMA AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,863.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 71.41000
----------------------------------------------------------------
0 0007662158 MORTGAGORS: STRELICH STEVE
STRELICH MAE
REGION CODE ADDRESS : 5500 WINGFOOT DRIVE
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93306
MORTGAGE AMOUNT : 354,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,450.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 81.44800
----------------------------------------------------------------
0 0007662166 MORTGAGORS: SHARZER MARK
SHARZER ELIZABETH
REGION CODE ADDRESS : 12201 CHRISTY LANE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 556,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,514.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,830.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,900.00
P & I AMT: 11,813.18
UPB AMT: 1,680,749.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662174 MORTGAGORS: VERGARA EDGARDO
VERGARA RUBI
REGION CODE ADDRESS : 2655 SHANNON DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,456.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 77.41900
----------------------------------------------------------------
0 0007662190 MORTGAGORS: YOUNG DAVID
REGION CODE ADDRESS : 302 OCEAN VIEW AVENUE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 518,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,917.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,660.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 57.60000
----------------------------------------------------------------
0 0007662208 MORTGAGORS: NGUYEN-DO TRAN
DO PHONG
REGION CODE ADDRESS : 5591 LE FEVRE DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,483.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007662216 MORTGAGORS: COOPER DEAN
COOPER VICTORIA
REGION CODE ADDRESS : 10501 LALOMA WAY
01 CITY : STOCKTON
STATE/ZIP : CA 95212
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,090.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662224 MORTGAGORS: JOHNSON STEPHEN
JOHNSON KELLY
REGION CODE ADDRESS : 5404 REESE ROAD
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 554,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 552,746.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,854.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 76.41300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,957,400.00
P & I AMT: 13,800.45
UPB AMT: 1,952,694.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662232 MORTGAGORS: BAROLDI LYNN
BAROLDI LUANN
REGION CODE ADDRESS : 16316 ALPINE PLACE
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,399.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,958.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662240 MORTGAGORS: JACKSON ROY
JACKSON CHARLOTTE
REGION CODE ADDRESS : 26 CHATHAM COURT
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,499.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,478.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0007662265 MORTGAGORS: MENDONCA JOE
MENDONCA CASSANDRA
REGION CODE ADDRESS : 10555 MORGAN TERRITORY ROAD
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,062.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,152.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662273 MORTGAGORS: COLLINS MARY CYNTHIA
COLLINS ROY
REGION CODE ADDRESS : 10741 ELDERWOOD LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 272,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,014.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.59000
----------------------------------------------------------------
0 0007662281 MORTGAGORS: SILVA STACEY
SILVA TONYA
REGION CODE ADDRESS : 1455 PORTOBELO DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,319.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,930,200.00
P & I AMT: 13,540.75
UPB AMT: 1,925,295.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662299 MORTGAGORS: GALVIN VINCENT
GALVIN MARY
REGION CODE ADDRESS : 5959 FOLIGNO WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 483,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,949.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,426.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 63.13700
----------------------------------------------------------------
0 0007662307 MORTGAGORS: CARDOZO WALLACE
CARDOZO PAULA
REGION CODE ADDRESS : 354 EL MOLINO WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,613.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662315 MORTGAGORS: SWAIM DANNY
SWAIM ANDREA
REGION CODE ADDRESS : 11637 CHARNOCK ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,320.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0007662331 MORTGAGORS: BALL BRIAN
REGION CODE ADDRESS : 18062 STARMONT DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,296.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662356 MORTGAGORS: MC GRATH DALE
MC GRATH HELEN
REGION CODE ADDRESS : 88 DUBOST CT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,599.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 79.38400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,200.00
P & I AMT: 10,826.64
UPB AMT: 1,547,779.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662364 MORTGAGORS: DUCA ELIZABETH
DUCA VIOREL
REGION CODE ADDRESS : 1099 STEWART ROAD
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,900.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 84.39300
----------------------------------------------------------------
0 0007662372 MORTGAGORS: ELLINGSEN MARC
ELLINGSEN ELLEN
REGION CODE ADDRESS : 1232 WESTWOOD STREET
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,382.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 79.72200
----------------------------------------------------------------
0 0007662380 MORTGAGORS: MATHEWSON CHARLES
MATHEWSON JANE
REGION CODE ADDRESS : 10765 SLATTERY RD
01 CITY : GLEN ELLEN
STATE/ZIP : CA 95442
MORTGAGE AMOUNT : 253,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,654.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 67.34000
----------------------------------------------------------------
0 0007662398 MORTGAGORS: KOBERLEIN DERRIL
KELLY KOBERLEIN MAURA
REGION CODE ADDRESS : 6541 BRET HARTE COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,233.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662406 MORTGAGORS: SPINOSA GAETANO
SPINOSA SHARI
REGION CODE ADDRESS : 138 SOUTH ELLERY DRIVE
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,470.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,700.00
P & I AMT: 10,003.32
UPB AMT: 1,405,641.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662422 MORTGAGORS: GRAYLEE FRED
GRAYLEE LALEH
REGION CODE ADDRESS : 341 SOUTH YORKSHIRE CIRCLE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,913.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662430 MORTGAGORS: PERRY JASON
PERRY NANCY
REGION CODE ADDRESS : 6219 RADIANT DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,287.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662448 MORTGAGORS: DAVIES STEPHEN
DAVIES SHARON
REGION CODE ADDRESS : 192 CEDAR STREET
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,068.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662455 MORTGAGORS: RUB DEBRA
REGION CODE ADDRESS : 5565 PASEO JOAQUIN
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,738.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662463 MORTGAGORS: YASUI KEN
YASUI RUBY
REGION CODE ADDRESS : 15721 SUNFLOWER LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,393.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,800.00
P & I AMT: 10,736.94
UPB AMT: 1,525,400.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662471 MORTGAGORS: STRAWN LARRY
BARANCO RACHEL
REGION CODE ADDRESS : 5635 WEST 63RD STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,984.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,390.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 79.77000
----------------------------------------------------------------
0 0007662489 MORTGAGORS: AURIANA ANGELO
AURIANA SHIRLEY
REGION CODE ADDRESS : 206 N REDONDO AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,159.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0007662497 MORTGAGORS: CRAWFORD JAMES
CRAWFORD SUSAN
REGION CODE ADDRESS : 269 SOUTH 16TH STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95112
MORTGAGE AMOUNT : 279,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,835.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 68.17000
----------------------------------------------------------------
0 0007662505 MORTGAGORS: ROBERTSON SAMUEL
ROBERTSON JANET
REGION CODE ADDRESS : 3156 LAKE HOLLYWOOD DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,153.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 79.60800
----------------------------------------------------------------
0 0007662513 MORTGAGORS: ALAYWAN ZIAD
ALAYWAN DEBORAH
REGION CODE ADDRESS : 2026 SHEFFIELD
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 251,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,514.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,600.00
P & I AMT: 10,614.51
UPB AMT: 1,533,647.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662539 MORTGAGORS: JENNINGS DEAN
JENNINGS SUZANNE
REGION CODE ADDRESS : 2898 MORGAN DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,896.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 76.02700
----------------------------------------------------------------
0 0007662547 MORTGAGORS: PEREZ DAVID
PEREZ GRACIELA
REGION CODE ADDRESS : 1656 FALLING STAR LANE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,134.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 75.87300
----------------------------------------------------------------
0 0007662554 MORTGAGORS: SINOPOLI RICHARD
SINOPOLI MICHELE
REGION CODE ADDRESS : 3960 TIMBERRIDGE ROAD
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,825.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007662562 MORTGAGORS: SCANLON HAROLD
SCANLON MARY ANN
REGION CODE ADDRESS : 16152 AZALEA WAY
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,727.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 52.37606
----------------------------------------------------------------
0 0007662570 MORTGAGORS: DURAN MICHAEL
DURAN LINDA
REGION CODE ADDRESS : 38 GRASSY KNOLL LANE
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,978.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 89.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,343,900.00
P & I AMT: 9,412.95
UPB AMT: 1,340,562.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662588 MORTGAGORS: FISCHER WILLIAM
FISCHER CINDY
REGION CODE ADDRESS : 3905 CARTA DE PLATA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,433.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 61.23456
----------------------------------------------------------------
0 0007662604 MORTGAGORS: MCMAHON DANIEL
MCHAHON LORI
REGION CODE ADDRESS : 25224 SUMMERHILL LANE
01 CITY : NEWHALL
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 282,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,979.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0007662612 MORTGAGORS: LEYENDECKER JOHN
LEYENDECKER MARGARET
REGION CODE ADDRESS : 625 PICAACHO DRIVE
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,960.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662620 MORTGAGORS: DELANY MARK
JACKSON DELANY KELLY
REGION CODE ADDRESS : 180 SAN LEANDRO PLACE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93108
MORTGAGE AMOUNT : 504,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,292.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,561.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662638 MORTGAGORS: SHAPIRO SIGMAN
SHAPIRO DEBRA
REGION CODE ADDRESS : 10 CHRISTOPHER LANE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,223.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,459.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,200.00
P & I AMT: 11,369.69
UPB AMT: 1,615,888.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662646 MORTGAGORS: MARTIN JOHN
MARTIN SUZANNE
REGION CODE ADDRESS : 221 NETHERBY PLACE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,413.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 79.80700
----------------------------------------------------------------
0 0007662653 MORTGAGORS: VASQUEZ DAVID
VASQUEZ SAMANTHA
REGION CODE ADDRESS : 1256 COBBLESTONE DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,436.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 79.39300
----------------------------------------------------------------
0 0007662661 MORTGAGORS: COWEN ROBERT
REGION CODE ADDRESS : 5471 PARKVIEW DRIVE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,665.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662687 MORTGAGORS: NAQVI SYED
NAQVI FARZANA
REGION CODE ADDRESS : 2 RAVENNA
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,165.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,454.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662703 MORTGAGORS: GALEA OLIMPIU
GALEA ANTOANETA
REGION CODE ADDRESS : 3231 PROVON LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,276.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 60.86900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,400.00
P & I AMT: 10,387.84
UPB AMT: 1,478,956.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662711 MORTGAGORS: VAN KELL STEPHEN
VAN KELL SONIA
REGION CODE ADDRESS : 1047 WILLIAMSBURG CIRCLE
01 CITY : GRAYSLAKE
STATE/ZIP : IL 60030
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,772.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 78.01900
----------------------------------------------------------------
0 0007662729 MORTGAGORS: STROUD JO
REGION CODE ADDRESS : 160 POPLAR ST
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 255,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,171.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 61.61400
----------------------------------------------------------------
0 0007662737 MORTGAGORS: FUJINO GARY
FUJINO CARRIE
REGION CODE ADDRESS : 2313 WOOSTER AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,258.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.35100
----------------------------------------------------------------
0 0007662745 MORTGAGORS: MILLER LINDA
MILLER JAMES
REGION CODE ADDRESS : 246 SOMERVILLE ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,854.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 66.79600
----------------------------------------------------------------
0 0007662752 MORTGAGORS: WANG PETER
WANG LI-JEN
REGION CODE ADDRESS : 562 KELLY WAY
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,210.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 79.82000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,000.00
P & I AMT: 10,658.01
UPB AMT: 1,507,266.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662760 MORTGAGORS: KIRK CRAIG
KIRK TERESITA
REGION CODE ADDRESS : 12504 SARATOGA AVENUE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,252.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 65.21700
----------------------------------------------------------------
0 0007662778 MORTGAGORS: SANCHEZ SEVERINO
SANCHEZ MARIA
REGION CODE ADDRESS : 2623 GLEN FERGUSON CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,466.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------
0 0007662786 MORTGAGORS: HUNTER PAUL
HUNTER ASTERIA
REGION CODE ADDRESS : 25389 OLD FAIRVIEW AVE
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,423.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 61.17600
----------------------------------------------------------------
0 0007662794 MORTGAGORS: PARLEE KENNETH
PARLEE LINDA
REGION CODE ADDRESS : 3681 PIRATE CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 266,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,515.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 48.38100
----------------------------------------------------------------
0 0007662802 MORTGAGORS: PATEL NATU
PATEL NARMADA
REGION CODE ADDRESS : 209 MONTCALM STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,086.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,979.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,100.00
P & I AMT: 10,530.03
UPB AMT: 1,485,744.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007664493 MORTGAGORS: CANTRELL TIMOTHY
REGION CODE ADDRESS : 1620 JOHNSON ROAD
01 CITY : CUMMING
STATE/ZIP : GA 30040
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,590.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007664568 MORTGAGORS: JACKSON MATTHEW
JACKSON MAI
REGION CODE ADDRESS : 12352 CHAMPIONSHIP CIRCLE
01 CITY : MUKILTEO
STATE/ZIP : WA 98275
MORTGAGE AMOUNT : 223,104.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,754.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,521.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664972 MORTGAGORS: MAUS RONALD
LECUYER-MAUS ELIZABETH
REGION CODE ADDRESS : 2419 SOUTHWEST 170TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98166
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,062.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.71400
----------------------------------------------------------------
0 0007665128 MORTGAGORS: HOUSTON JOHN
HOUSTON JANE
REGION CODE ADDRESS : 8138 CANCUN COURT
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 208,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 208,257.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,387.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0007665227 MORTGAGORS: ROSA MANUEL
ROSA MARIA
REGION CODE ADDRESS : 16712 GOOSENECK TERR.
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 267,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,341.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.92500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,454.00
P & I AMT: 9,295.03
UPB AMT: 1,360,006.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666241 MORTGAGORS: MARKCITY MICHAEL
MARKCITY CHERYL
REGION CODE ADDRESS : 1050 NW 77TH AVENUE
01 CITY : PLANTATION
STATE/ZIP : FL 33324
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,906.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666258 MORTGAGORS: BERGER GENE
BERGER IRINA
REGION CODE ADDRESS : 430 WHITEHALL
01 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60004
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,371.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666290 MORTGAGORS: TEDESCO JOSEPH
TEDESCO KAREN
REGION CODE ADDRESS : 104 PILGRIM DR
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,656.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 78.30300
----------------------------------------------------------------
0 0007666308 MORTGAGORS: SHUSMAN BERNARD
REGION CODE ADDRESS : 103 SOUTH COUNTRY RD &F/K/A 1 HALSE
01 CITY : REMSENBURG
STATE/ZIP : NY 11960
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,562.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007666357 MORTGAGORS: WETZOLD JAMES
WETZOLD ANNE
REGION CODE ADDRESS : 39 PROSPECT AVENUE
01 CITY : GARDEN CITY
STATE/ZIP : NY 11530
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,446.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,509.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,000.00
P & I AMT: 10,078.22
UPB AMT: 1,416,942.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666373 MORTGAGORS: ESTES GARY
BRADLEY-ESTES BERNADETTE
REGION CODE ADDRESS : 62 WILMINGTON DR
01 CITY : MELVILLE
STATE/ZIP : NY 11747
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,452.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 55.04500
----------------------------------------------------------------
0 0007666415 MORTGAGORS: HUGHES TERRY
HUGHES CONSTANCE
REGION CODE ADDRESS : 4749 S DORCHESTER AVE
01 CITY : CHICAGO
STATE/ZIP : IL 60615
MORTGAGE AMOUNT : 296,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,568.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,103.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 70.59500
----------------------------------------------------------------
0 0007666449 MORTGAGORS: POHS GLENN
POHS JILL
REGION CODE ADDRESS : 163 WEST PARK AVE
01 CITY : PEARL RIVER
STATE/ZIP : NY 10965
MORTGAGE AMOUNT : 318,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,230.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,239.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 74.98800
----------------------------------------------------------------
0 0007666498 MORTGAGORS: SANTORO ROBERT
SANTORO GEORGENE
REGION CODE ADDRESS : 9640 SUNSET AVENUE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,443.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 56.19000
----------------------------------------------------------------
0 0007666530 MORTGAGORS: CHAMBERLIN KEDRIC
CHAMBERLIN MAURA
REGION CODE ADDRESS : 1568 OLD BARN CIRCLE
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,333.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 73.95300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,200.00
P & I AMT: 10,346.98
UPB AMT: 1,462,028.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666605 MORTGAGORS: THOMAS DAVID
THOMAS JUDITH
REGION CODE ADDRESS : 4915 OXFORD DRIVE
01 CITY : SARASOTA
STATE/ZIP : FL 34242
MORTGAGE AMOUNT : 375,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,928.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,600.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 61.57300
----------------------------------------------------------------
0 0007666670 MORTGAGORS: ELROD STEPHEN
VILLARREAL RICK
REGION CODE ADDRESS : 106 ANDREW ROAD
01 CITY : MANHASSET
STATE/ZIP : NY 11030
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,391.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666688 MORTGAGORS: STOKES PHILLIP
STOKES SANDY
REGION CODE ADDRESS : 18729 METLER COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,168.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 54.36200
----------------------------------------------------------------
0 0007666928 MORTGAGORS: FORD PAUL
WHITE WINIFRED
REGION CODE ADDRESS : 427 N KENILWORTH
01 CITY : OAK PARK
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,535.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007667116 MORTGAGORS: SAN GABINO DEBORAH
SAN GABINO ELIO
REGION CODE ADDRESS : 717 S SEMINARY
01 CITY : PARK RIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,568.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,757,600.00
P & I AMT: 12,182.31
UPB AMT: 1,754,592.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667280 MORTGAGORS: HASHEMI KAMRAN
REGION CODE ADDRESS : 1921 N DAYTON
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,145.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,075.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
0 0007667363 MORTGAGORS: CHESLOW ROBERT
CHESLOW LESLEE
REGION CODE ADDRESS : 4176 NW 60 CIRCLE
01 CITY : BOCA RATON
STATE/ZIP : FL 33496
MORTGAGE AMOUNT : 498,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,665.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,501.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0007667462 MORTGAGORS: HURLEY SAMUEL
HURLEY BONNIE
REGION CODE ADDRESS : 24765 S HICKORY
01 CITY : CRETE
STATE/ZIP : IL 60417
MORTGAGE AMOUNT : 268,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,299.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.77100
----------------------------------------------------------------
0 0007667470 MORTGAGORS: BEHJOU OMID
BEHJOU DIANA
REGION CODE ADDRESS : 4026 HALKINS DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,580.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 65.71428
----------------------------------------------------------------
0 0007667488 MORTGAGORS: RICHARDSON PAUL
RICHARDSON DEBORAH
REGION CODE ADDRESS : 2915 BANYAN BLVD CIRCLE NW
01 CITY : BOCA RATON
STATE/ZIP : FL 33431
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,550.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,919,100.00
P & I AMT: 13,416.51
UPB AMT: 1,916,241.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667546 MORTGAGORS: HEIN STEVEN
HEIN HEATHER
REGION CODE ADDRESS : 73 VENETIAN WAY CIRCLE
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,576.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 88.57100
----------------------------------------------------------------
0 0007667603 MORTGAGORS: BONGERS JOERG
BONGERS VELMA
REGION CODE ADDRESS : 11-D SHADY COVE LANE
01 CITY : HOUSTON
STATE/ZIP : TX 77063
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,463.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0007667660 MORTGAGORS: KHODABAKHSH HOSSEIN
SHAREAT-PANAHI MAHROKH
REGION CODE ADDRESS : 411 HELEN DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,489.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 89.74300
----------------------------------------------------------------
0 0007667694 MORTGAGORS: CANOVA JOSH
REGION CODE ADDRESS : 1026 CEDAR STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 344,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,155.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007667777 MORTGAGORS: GASKINS NANCY
REGION CODE ADDRESS : 9095 SOUTHWEST 180TH PLACE
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,472.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 69.16400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,700.00
P & I AMT: 10,872.17
UPB AMT: 1,568,156.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667835 MORTGAGORS: UBAY WILFREDO
UBAY SERGIO
REGION CODE ADDRESS : 873 COYOTE STREET
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,553.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007667850 MORTGAGORS: MCASKILL THOMAS
MCASKILL MARGARET
REGION CODE ADDRESS : 5700 VILLAGE GLEN TRAIL
01 CITY : ARLINGTON
STATE/ZIP : TX 76016
MORTGAGE AMOUNT : 68,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 68,690.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 464.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.15000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.15000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667892 MORTGAGORS: SIU CHI-HANG
YANG HUI-HUA
REGION CODE ADDRESS : 136-04 35TH AVENUE
01 CITY : FLUSHING
STATE/ZIP : NY 11354
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,591.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
0 0007667942 MORTGAGORS: DATTILO ARLENE
REGION CODE ADDRESS : 13904 CATHERINE COURT
01 CITY : ORLAND PARK
STATE/ZIP : IL 60462
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,834.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 581.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 64.51600
----------------------------------------------------------------
0 0007667991 MORTGAGORS: RAMOS ANGEL
RAMOS MARIA
REGION CODE ADDRESS : 17560 SW 73 COURT
01 CITY : MIAMI
STATE/ZIP : FL 33157
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,518.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,076,800.00
P & I AMT: 7,647.24
UPB AMT: 1,075,188.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007668346 MORTGAGORS: WYATT MARK
WYATT LINDA
REGION CODE ADDRESS : 4260 RIDGEHURST DRIVE
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,719.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007668528 MORTGAGORS: GARWOOD JOHN
GARWOOD ERICA
REGION CODE ADDRESS : 3264 MUIRFIELD
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33332
MORTGAGE AMOUNT : 402,906.78 OPTION TO CONVERT :
UNPAID BALANCE : 401,619.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,902.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/24
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.61200
----------------------------------------------------------------
0 0030573554 MORTGAGORS: CLAYTON STEVEN
CLAYTON SARA
REGION CODE ADDRESS : 2015 SPEAR STREET
01 CITY : SHELBURNE
STATE/ZIP : VT 05482
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,040.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,187.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.60900
----------------------------------------------------------------
0 0030853246 MORTGAGORS: WATSON JOHN
WATSON MARILYN
REGION CODE ADDRESS : 20 SUMMIT RIDGE DRIVE
01 CITY : NORTH OAKS
STATE/ZIP : MN 55127
MORTGAGE AMOUNT : 434,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,678.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,078.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030866909 MORTGAGORS: VAN WAGNER W.
ZHAI JING
REGION CODE ADDRESS : FARM LANE
01 CITY : BLOOMING GROVE
STATE/ZIP : NY 10914
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,817.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,606.78
P & I AMT: 12,032.94
UPB AMT: 1,635,874.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030881783 MORTGAGORS: NORTHCUTT ALBERT
NORTHCUTT MARTHA
REGION CODE ADDRESS : LOT 11-A-233 FLORAL ROAD
01 CITY : WINDHAM
STATE/ZIP : NH 03087
MORTGAGE AMOUNT : 417,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,363.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.34745
----------------------------------------------------------------
0 0030884712 MORTGAGORS: DODD STEPHEN
DODD DEBORAH
REGION CODE ADDRESS : 3437 PASEO ANCHO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 310,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,281.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0030921860 MORTGAGORS: HORAN MARTIN
SORAK SIOBHAN
REGION CODE ADDRESS : 300 BEAVER DAM ACCESS ROAD
01 CITY : STRATFORD
STATE/ZIP : CT 06497
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,126.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.57100
----------------------------------------------------------------
0 0030930622 MORTGAGORS: GLEASON JOHN
GLEASON LISA
REGION CODE ADDRESS : 5051 HAROLD PLACE NE
01 CITY : SEATTLE
STATE/ZIP : WA 98105
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,794.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.92576
----------------------------------------------------------------
0 0030931208 MORTGAGORS: TOSINI JOHN
TOSINI MICHELLE
REGION CODE ADDRESS : TOWN FARM ROAD
01 CITY : LUDLOW
STATE/ZIP : VT 05149
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,258.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.53800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,200.00
P & I AMT: 10,339.26
UPB AMT: 1,452,823.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030933196 MORTGAGORS: EAGER MICHAEL
REGION CODE ADDRESS : 4 BANYAN ROAD
01 CITY : SKILLMAN
STATE/ZIP : NJ 08558
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,535.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.64500
----------------------------------------------------------------
0 0030955553 MORTGAGORS: KING DON
RANDA LAURA
REGION CODE ADDRESS : 114 CROSSPOINTE DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,015.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030955835 MORTGAGORS: FRIESTEDT BETSY
FRIESTEDT BRADFORD
REGION CODE ADDRESS : 800 INTERLAKEN LANE
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 374,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,004.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.80000
----------------------------------------------------------------
0 0030962005 MORTGAGORS: MORGAN CAROLE
STERNN CHAIM
REGION CODE ADDRESS : 45 OLD ROARING BROOK ROAD
01 CITY : MT KISCO
STATE/ZIP : NY 10549
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,832.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 43.85900
----------------------------------------------------------------
0 0030962856 MORTGAGORS: STEINER ELLEN
DOLGIN CAREY
REGION CODE ADDRESS : 17 EAST 80TH ST #1 & 4
01 CITY : NEW YORK
STATE/ZIP : NY 10028
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,077.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 41.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,191,200.00
P & I AMT: 15,574.30
UPB AMT: 2,187,387.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030983092 MORTGAGORS: HUGHES STEVEN
HUGHES TAMMY
REGION CODE ADDRESS : 3507 HERITAGE OAKS DRIVE
01 CITY : HILLIARD
STATE/ZIP : OH 43026
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,814.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.63414
----------------------------------------------------------------
0 0030988570 MORTGAGORS: GRAFF FREDERICK
GRAFF JUDY
REGION CODE ADDRESS : LOT 19 CIDER CIRCLE
01 CITY : WESTBOROUGH
STATE/ZIP : MA 01581
MORTGAGE AMOUNT : 481,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,305.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,204.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99062
----------------------------------------------------------------
0 0030990881 MORTGAGORS: NEUER ROBERT
KOOHI-KAMALI FARIDEH
REGION CODE ADDRESS : 102 WEST 75TH STREET #31
01 CITY : NEW YORK
STATE/ZIP : NY 10024
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,234.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030996961 MORTGAGORS: WARNER KENNETH
WARNER LAUREL
REGION CODE ADDRESS : 2924 FARINGFORD ROAD
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 541,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,137.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,928.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.63829
----------------------------------------------------------------
0 0031008626 MORTGAGORS: TONG LESLIE
KING JERRY
REGION CODE ADDRESS : 61 PARKGROVE DRIVE
01 CITY : S SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 370,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,517.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,884,300.00
P & I AMT: 13,130.57
UPB AMT: 1,877,010.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031023351 MORTGAGORS: ELAM ERIC
ELAM CYNTHIA
REGION CODE ADDRESS : 3160 KILLINGTON LANE
01 CITY : CINCINNATI
STATE/ZIP : OH 45244
MORTGAGE AMOUNT : 324,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.84900
----------------------------------------------------------------
0 0031036965 MORTGAGORS: GOODMAN DEAN
MULLAN-GOODMAN BARRI
REGION CODE ADDRESS : 68 COUNTRY SQUIRE WAY
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08876
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 : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.38000
----------------------------------------------------------------
0 0031051964 MORTGAGORS: KNOTT MARK
KNOTT PATRICIA
REGION CODE ADDRESS : 2102 FOX TRAIL COURT
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,772.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.69000
----------------------------------------------------------------
0 0031073372 MORTGAGORS: FRANKLIN DAVID
FRANKLIN KIRSTEN
REGION CODE ADDRESS : 1105 TOMALES ROAD
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 166,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 165,848.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,235.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031076052 MORTGAGORS: THRUSTON MORGEN
REGION CODE ADDRESS : 2409 NORTH ACACIA
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,439.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,836.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,700.00
P & I AMT: 10,339.93
UPB AMT: 1,495,086.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031078538 MORTGAGORS: MOISA PHILIPPE
MOISA PATRICIA
REGION CODE ADDRESS : 6600 MULROY STREET
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 310,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,359.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,226.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031078587 MORTGAGORS: HADLEY SHARIF
HADLEY DANIELLE
REGION CODE ADDRESS : 1149 E WOODBRIAR CIR
01 CITY : NORTH SALT LAKE
STATE/ZIP : UT 84054
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,988.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.56900
----------------------------------------------------------------
0 0031085244 MORTGAGORS: ARMSTRONG STEVEN
ARMSTRONG SANDRA
REGION CODE ADDRESS : 91 OLD STONEMILL ROAD
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031086952 MORTGAGORS: TWEED CATHERINE
REGION CODE ADDRESS : 370 SOUTH CRAIG AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 427,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,019.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,949.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.07400
----------------------------------------------------------------
0 0031087414 MORTGAGORS: SCHAFER GARY
REGION CODE ADDRESS : 100 S CARMEL CT
01 CITY : VERO BEACH
STATE/ZIP : FL 32963
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,610.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,015.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 56.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,800.00
P & I AMT: 11,572.44
UPB AMT: 1,644,368.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103757 MORTGAGORS: SIVILS RITA
SIVILS PHILLIP
REGION CODE ADDRESS : 3616 BERGER ROAD
01 CITY : LUTZ
STATE/ZIP : FL 33549
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,516.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.65800
----------------------------------------------------------------
0 0031104748 MORTGAGORS: CERULLI DEBORAH
REGION CODE ADDRESS : 57 LOWER HARRISON
01 CITY : WEST WINDSOR
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,605.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.98700
----------------------------------------------------------------
0 0031107337 MORTGAGORS: SCHICK IRVIN
ISVAN AYSE
REGION CODE ADDRESS : 53 CABOT STREET
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,061.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
0 0031116643 MORTGAGORS: KRAFT CURTIS
KRAFT LORRI
REGION CODE ADDRESS : 7810 LAKE ALICE ROAD SOUTHEAST
01 CITY : FALL CITY
STATE/ZIP : WA 98024
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,038.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031119787 MORTGAGORS: BROOKS GARY
BROOKS MICHELLE
REGION CODE ADDRESS : 6459 SADDLE BROOK LANE
01 CITY : FREDERICK
STATE/ZIP : MD 21701
MORTGAGE AMOUNT : 230,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,320.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,572.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,000.00
P & I AMT: 10,284.73
UPB AMT: 1,465,542.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031120165 MORTGAGORS: CARAM JOSEPH
CARAM MARIA
REGION CODE ADDRESS : 40 CHELSEA STREET
01 CITY : WATCHUNG BOROUGH
STATE/ZIP : NJ 07060
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,492.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.65200
----------------------------------------------------------------
0 0031131709 MORTGAGORS: SAMELSON JOHN
SAMELSON ROBBIN
REGION CODE ADDRESS : 5211 JANESDALE COURT
01 CITY : GLENDALE
STATE/ZIP : MD 20769
MORTGAGE AMOUNT : 222,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,042.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0031136823 MORTGAGORS: MCGEE DOUGLAS
MCGEE PATTI
REGION CODE ADDRESS : 1753 SHEEDER MILL ROAD
01 CITY : BIRCHRUNVILLE
STATE/ZIP : PA 19421
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,023.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031140510 MORTGAGORS: SKORDAS RICHARD
SKORDAS SHELLI
REGION CODE ADDRESS : 25772 CLOVERFIELD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,346.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
0 0031140643 MORTGAGORS: BISHOP LYNN
REGION CODE ADDRESS : 37 HARTMAN HILL ROAD
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 122,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,308.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 835.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.15957
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,716,300.00
P & I AMT: 11,946.00
UPB AMT: 1,713,213.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031143175 MORTGAGORS: TALMADGE LYNIECE
REGION CODE ADDRESS : 10 CHATHAM ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,288.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,493.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031145535 MORTGAGORS: KOSINSKI JOSEPH
REGION CODE ADDRESS : 552 SUMMIT DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 374,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,722.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,615.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.78500
----------------------------------------------------------------
0 0031146038 MORTGAGORS: AXELROD ROBERT
WISE CHRISTY
REGION CODE ADDRESS : 2610 TILDEN PLACE NORTHWEST
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 990,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 988,335.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,010.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 68.31034
----------------------------------------------------------------
0 0031147317 MORTGAGORS: BURKE D. MICHAEL
BURKE SHELLY
REGION CODE ADDRESS : 3526 VILLAMARE
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,743.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031151467 MORTGAGORS: CHAN KINGSLEY
CHAN MAY
REGION CODE ADDRESS : 12465 SETON WAY
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,312.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.34254
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,334,600.00
P & I AMT: 16,737.75
UPB AMT: 2,329,402.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031152507 MORTGAGORS: POST CLAUDIA
REGION CODE ADDRESS : 195 MARCO ROAD
01 CITY : ELKINS PARK
STATE/ZIP : PA 19027
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,963.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.88300
----------------------------------------------------------------
0 0031154396 MORTGAGORS: STENBERG STEVEN
STENBERG SUSAN
REGION CODE ADDRESS : 3630 88TH AVENUE SOUTHEAST
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,078.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031155757 MORTGAGORS: LEONARDI LEONARD
LEONARDI ANN
REGION CODE ADDRESS : 12 PHEASANT CLOSE SOUTH
01 CITY : SOUTHAMPTON
STATE/ZIP : NY 11968
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.16600
----------------------------------------------------------------
0 0031156946 MORTGAGORS: HASLETT DON
HASLETT ANNE
REGION CODE ADDRESS : 20468 SNOWMASS
01 CITY : BEND
STATE/ZIP : OR 97702
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,737.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031157811 MORTGAGORS: ROBINSON JACQUELINE
REGION CODE ADDRESS : 61 DEANS LANE
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : NJ 08852
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,377.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.05800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,845,000.00
P & I AMT: 12,968.72
UPB AMT: 1,842,156.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031157969 MORTGAGORS: SINAIKO ALAN
DOAR M
REGION CODE ADDRESS : 1617 WEST 25TH STREET
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55405
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,445.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.60158
----------------------------------------------------------------
0 0031159890 MORTGAGORS: HAYES STEWART
HAYES SUSAN
REGION CODE ADDRESS : 17 BRIAN DANIEL COURT
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,176.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,460.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 55.21400
----------------------------------------------------------------
0 0031160971 MORTGAGORS: RICHELS BENN
RICHELS JACKLYN
REGION CODE ADDRESS : 300 W OLNEY ROAD
01 CITY : NORFOLK
STATE/ZIP : VA 23507
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,111.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031164155 MORTGAGORS: RUSSELL RICHARD
RUSSELL DEBRA
REGION CODE ADDRESS : 1060 EVERGLADES DRIVE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.81900
----------------------------------------------------------------
0 0031164700 MORTGAGORS: CANNON ROBERT
CANNON LISA
REGION CODE ADDRESS : 121 GOODHILL ROAD
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,408.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,695.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.17931
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,649,550.00
P & I AMT: 11,792.33
UPB AMT: 1,646,935.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031166408 MORTGAGORS: HOOK CHRISTOPHER
HOOK VICKEY
REGION CODE ADDRESS : 6613 SCHURTZ STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 292,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,447.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031166424 MORTGAGORS: KLEIN ROSS
REGION CODE ADDRESS : 812 WEST GABRIELINO COURT
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 402,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,253.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,714.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031166994 MORTGAGORS: ALLAN JEFFREY
ALLAN CONLEY COLLEEN
REGION CODE ADDRESS : 44584 SHALLOW FORD COURT
01 CITY : TALL TIMBERS
STATE/ZIP : MD 20690
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031167026 MORTGAGORS: SHIRI DANNY
SHIRI SANDY
REGION CODE ADDRESS : 810 NORTH SIERRA DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 695,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 687,882.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,859.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 53.46100
----------------------------------------------------------------
0 0031170400 MORTGAGORS: DELA CRUZ ROGELIO
DELA CRUZ MARIA TERESA
REGION CODE ADDRESS : 3706 PINCKNEY ISLAND COURT
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32224
MORTGAGE AMOUNT : 283,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,962,300.00
P & I AMT: 13,518.87
UPB AMT: 1,953,655.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031173875 MORTGAGORS: CERESKE CATHERINE
REGION CODE ADDRESS : 142 WAWONA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.78900
----------------------------------------------------------------
0 0031174105 MORTGAGORS: SALGADO KENNETH
SALGADO JENNIFER
REGION CODE ADDRESS : 55 DECLARATION PLACE
01 CITY : IRVINE
STATE/ZIP : CA 92602
MORTGAGE AMOUNT : 244,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,865.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.96800
----------------------------------------------------------------
0 0031176290 MORTGAGORS: DAVIES GLYN
DAVIES KATHLEEN
REGION CODE ADDRESS : 110 WINDSOR AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031180326 MORTGAGORS: SWENDSEN MICHAEL
SWENDSEN MARTHA
REGION CODE ADDRESS : 2249 FIELDSTONE DRIVE
01 CITY : MENDOTA HEIGHTS
STATE/ZIP : MN 55120
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,583.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031180466 MORTGAGORS: BETTENHAUSEN TOD
BETTENHAUSEN SUSAN
REGION CODE ADDRESS : 60 CEDAR HILL LN
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 324,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,840.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,323.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,700.00
P & I AMT: 10,290.79
UPB AMT: 1,474,578.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031180862 MORTGAGORS: ANDREOZZI JERRY
REGION CODE ADDRESS : 231 BEARSE'S WAY
01 CITY : HYANNIS
STATE/ZIP : MA 02601
MORTGAGE AMOUNT : 52,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 51,965.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 381.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031182124 MORTGAGORS: STENSRUD MELANIE
STENSRUD MICHAEL
REGION CODE ADDRESS : 4476 SHADY POINT PLACE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 356,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,450.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031182363 MORTGAGORS: DE DIOS TIMOTEO
DE DIOS KIM
REGION CODE ADDRESS : 27 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 287,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,972.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031190143 MORTGAGORS: SMOLYAR ALEX
SMOLYAR JANE
REGION CODE ADDRESS : 734 BOYLSTON ST
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031190192 MORTGAGORS: NOVA ROBERT
REGION CODE ADDRESS : ROUTE 659, CRAB POINT ROAD
01 CITY : WHITE STONE
STATE/ZIP : VA 22578
MORTGAGE AMOUNT : 812,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 811,320.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,750.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 73.86363
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,808,650.00
P & I AMT: 12,608.90
UPB AMT: 1,806,271.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031192461 MORTGAGORS: ORONAN PHILAME
ORONAN SYLVIA
REGION CODE ADDRESS : 2945 VIA PACHECO
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 644,015.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,454.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.49400
----------------------------------------------------------------
0 0031192750 MORTGAGORS: GRAMPP FREDERICK
REGION CODE ADDRESS : 380 FIRE ISLAND BOULEVARD
01 CITY : FIRE ISLAND
STATE/ZIP : NY 11782
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031192933 MORTGAGORS: OXLEY MICHAEL
OXLEY LAURA
REGION CODE ADDRESS : 95 S. WARD AVE
01 CITY : RUMSON
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,036.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.25100
----------------------------------------------------------------
0 0031193303 MORTGAGORS: PEARLMAN LESLIE
REGION CODE ADDRESS : 970 SUDBURY ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,550.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.09900
----------------------------------------------------------------
0 0031194822 MORTGAGORS: STEIN KENNETH
REGION CODE ADDRESS : 3633 VANTAGE LANE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.20400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,747,000.00
P & I AMT: 12,147.41
UPB AMT: 1,745,268.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031196165 MORTGAGORS: MOORE ERIK
MOORE MICHELE
REGION CODE ADDRESS : 7785 CALLE MEJOR
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 232,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,544.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.97800
----------------------------------------------------------------
0 0031197742 MORTGAGORS: DELEO MICHAEL
REGION CODE ADDRESS : 16 FATIMA DRIVE
01 CITY : BRISTOL
STATE/ZIP : RI 02809
MORTGAGE AMOUNT : 94,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,733.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 665.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.66100
----------------------------------------------------------------
0 0031200538 MORTGAGORS: SHOURDS GERARD
SHOURDS LAURIE
REGION CODE ADDRESS : 43312 HAGEN COURT
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,304.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,527.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031200959 MORTGAGORS: CLABOUGH DARREL
REGION CODE ADDRESS : 1027 WHITE OAK DRIVE
01 CITY : MARYVILLE
STATE/ZIP : TN 37803
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.41500
----------------------------------------------------------------
0 0031209208 MORTGAGORS: ALDRETE MICHAEL
ALDRETE BETSY
REGION CODE ADDRESS : 215 BROOKSIDE DRIVE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,590.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.46600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,127,400.00
P & I AMT: 7,673.45
UPB AMT: 1,125,933.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031209349 MORTGAGORS: CHU YU-CHUNG
HO JENNY
REGION CODE ADDRESS : 77 OLD MILL DR.
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 319,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,684.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031209786 MORTGAGORS: DUKE STACY
DUKE RICKIE
REGION CODE ADDRESS : 10918 WALWICK DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,423.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,729.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.85500
----------------------------------------------------------------
0 0031212103 MORTGAGORS: MARDINI MOATAZ
MARDINI RIMA
REGION CODE ADDRESS : 28261 LA PLUMOSA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,536.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.61432
----------------------------------------------------------------
0 0031212475 MORTGAGORS: HARING BRETT
HARING JENNIFER
REGION CODE ADDRESS : 857 SOUTH CANYON MIST LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,635.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,567.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031213739 MORTGAGORS: KONDRATIEFF SERGUEY
KONDRATIEFF CYNTHIA
REGION CODE ADDRESS : 1660 BELLEVILLE WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.90900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,847,450.00
P & I AMT: 12,705.43
UPB AMT: 1,845,280.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031214133 MORTGAGORS: PICA RALPH
PICA JANE
REGION CODE ADDRESS : 2661 BEACH ROAD #P 23
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------
0 0031214158 MORTGAGORS: HIXON JAMES
HIXON ROBIN
REGION CODE ADDRESS : 3329 KLINE DRIVE
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23452
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,528.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.79400
----------------------------------------------------------------
0 0031214471 MORTGAGORS: MORGAN JACQUI
REGION CODE ADDRESS : 176 EAST 77TH STREET APT. 11C
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 65,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 65,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 471.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 24.52800
----------------------------------------------------------------
0 0031215155 MORTGAGORS: NOLAN JOSEPH
NOLAN MARY
REGION CODE ADDRESS : 5746 WEST AVENUE
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 139,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,285.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 927.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031215700 MORTGAGORS: OSIKA CHRISTOPHER
REGION CODE ADDRESS : 12 KNOLLWOOD TRAIL WEST
01 CITY : MENDHAM
STATE/ZIP : NJ 07945
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,741.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,177,400.00
P & I AMT: 8,229.97
UPB AMT: 1,176,332.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031217904 MORTGAGORS: FELLOWS DAVID
SUDBAY GLORIA
REGION CODE ADDRESS : 10 MOSES HILL ROAD
01 CITY : MANCHESTER
STATE/ZIP : MA 01944
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031218282 MORTGAGORS: SMITH ROBERT
SMITH JANICE
REGION CODE ADDRESS : 2008 PALISADES TERRACE
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 531,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 530,497.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,805.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031218928 MORTGAGORS: KIM SAM
REGION CODE ADDRESS : 5351 QUAIL CANYON DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 516,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 515,231.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,607.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.38400
----------------------------------------------------------------
0 0031219272 MORTGAGORS: MARTIN JOHN
MARTIN SUSAN
REGION CODE ADDRESS : 152 BIG FRESH POND ROAD
01 CITY : NORTH SEA
STATE/ZIP : NY 11968
MORTGAGE AMOUNT : 178,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,244.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 51.59400
----------------------------------------------------------------
0 0031219926 MORTGAGORS: RODRIGUES JOSEPH
RODRIGUES CAROL
REGION CODE ADDRESS : 11 FREEZER ROAD
01 CITY : BARNSTABLE
STATE/ZIP : MA 02630
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,848.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,540.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 57.02900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,890,250.00
P & I AMT: 13,306.81
UPB AMT: 1,888,577.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031220189 MORTGAGORS: SCHUMACHER SALLYE
REGION CODE ADDRESS : 15550 FRANK LLOYD WRIGHT 1015
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 117,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,838.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 848.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031220460 MORTGAGORS: BONADIES MICHAEL
BONADIES FRAN
REGION CODE ADDRESS : 4 STONELEIGH PARK
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 532,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 531,605.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,719.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031221203 MORTGAGORS: DROM RICHARD
DROM MARIE
REGION CODE ADDRESS : 41 RIDGEVIEW ROAD
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,743.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.77348
----------------------------------------------------------------
0 0031221245 MORTGAGORS: FENNELL GAIL
FENNELL JOHN
REGION CODE ADDRESS : 16 DRAKE LANE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10607
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,963.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.86200
----------------------------------------------------------------
0 0031222276 MORTGAGORS: HOEFER STEVEN
HOEFER SEAN
REGION CODE ADDRESS : 28204 CAMAS COURT
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 249,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,741.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,531,500.00
P & I AMT: 10,645.54
UPB AMT: 1,529,891.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031222300 MORTGAGORS: HEISLER DOUGLAS
RASSAS CHERYL
REGION CODE ADDRESS : 1830 MASSACHUSETTES AVENUE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.43900
----------------------------------------------------------------
0 0031222557 MORTGAGORS: ZOLEZZI MARIE
REGION CODE ADDRESS : 16463 TEWKSBURY DRIVE
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,392.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031224157 MORTGAGORS: WEHRMAKER GEORGE
WEHRMAKER SUSAN
REGION CODE ADDRESS : 6202 HAMPTON PLACE
01 CITY : HILTON HEAD
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,213.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031226897 MORTGAGORS: RHODES WALLACE
RENFRO JOHN
REGION CODE ADDRESS : 4540 RICHARD DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90032
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,067.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,958.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031226947 MORTGAGORS: JOHNSON RUTH
REGION CODE ADDRESS : 3506 NORTH GIDDINGS RANCH ROAD
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 267,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,196.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,775,900.00
P & I AMT: 12,478.67
UPB AMT: 1,773,546.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031227093 MORTGAGORS: FRESHMAN NEIL
FRESHMAN MAUREEN
REGION CODE ADDRESS : 14 HANSOM DRIVE
01 CITY : MERRIMAC
STATE/ZIP : MA 01860
MORTGAGE AMOUNT : 207,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,753.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,489.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031227879 MORTGAGORS: LEWIN NATHAN
LEWIN RENA
REGION CODE ADDRESS : 11723 GAINSBOROUGH ROAD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 499,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,168.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.39700
----------------------------------------------------------------
0 0031228331 MORTGAGORS: WEINER MARC
WEINER SUSAN
REGION CODE ADDRESS : 39949 CHARLES TOWN PIKE
01 CITY : HAMILTON
STATE/ZIP : VA 20158
MORTGAGE AMOUNT : 489,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,188.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031228638 MORTGAGORS: GALPER MICHAEL
GALPER ANGELA
REGION CODE ADDRESS : 2 ROBINWOOD CIRCLE
01 CITY : WESTFORD
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,792.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031228935 MORTGAGORS: CATRON MICHAEL
REGION CODE ADDRESS : 5900 BROOKHAVEN DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 301,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,759,050.00
P & I AMT: 12,079.13
UPB AMT: 1,739,502.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031229511 MORTGAGORS: CROWE ROY
CROWE PATRICIA
REGION CODE ADDRESS : 5420 DORSETT SHOALS ROAD
01 CITY : DOUGLASVILLE
STATE/ZIP : GA 30135
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,605.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.61900
----------------------------------------------------------------
0 0031229537 MORTGAGORS: GRIFFIN WILLIAM
GRIFFIN MARY
REGION CODE ADDRESS : 21 WHITE OAK POINT
01 CITY : PINE MOUNTAIN
STATE/ZIP : GA 31822
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,564.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031232564 MORTGAGORS: VALENTINE STEVEN
REGION CODE ADDRESS : 3854 PRUNERIDGE AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 339,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,682.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031232937 MORTGAGORS: WELLS JOHN
WELLS ELIZABETH
REGION CODE ADDRESS : 8 CEDARWOOD LANE
01 CITY : COLUMBIA
STATE/ZIP : SC 29205
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,388.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.24500
----------------------------------------------------------------
0 0031233299 MORTGAGORS: OWENS RICHARD
REGION CODE ADDRESS : 3213 WOODHAVEN COURT
01 CITY : CONYERS
STATE/ZIP : GA 30208
MORTGAGE AMOUNT : 430,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,354.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,974.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.54000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,743,400.00
P & I AMT: 12,389.94
UPB AMT: 1,736,594.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031233554 MORTGAGORS: CEPAUSKAS EDWARD
CEPAUSKAS PATRICIA
REGION CODE ADDRESS : 1 CATTAIL COURT
01 CITY : STAFFORD
STATE/ZIP : VA 22554
MORTGAGE AMOUNT : 284,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,004.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031234016 MORTGAGORS: MCNICHOL DUNSTAN
RUESS MICHELLE
REGION CODE ADDRESS : 608 GREENWAY AVENUE
01 CITY : TRENTON
STATE/ZIP : NJ 08618
MORTGAGE AMOUNT : 95,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 616.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0031234073 MORTGAGORS: DEVAUL PAUL
DEVAUL SANDRA
REGION CODE ADDRESS : 1611 STONE COURT
01 CITY : KELLER
STATE/ZIP : TX 76248
MORTGAGE AMOUNT : 151,960.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,844.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,049.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031234420 MORTGAGORS: KLUGER KAREN
ROEHNER CHE
REGION CODE ADDRESS : 351 PEMBERWICK ROAD UNIT 304
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,535.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031234529 MORTGAGORS: HAROLD THOMAS
HAROLD LORI
REGION CODE ADDRESS : 7612 DAIRY LANE
01 CITY : CRYSTAL LAKE
STATE/ZIP : IL 60014
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,796.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.55700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,109,410.00
P & I AMT: 7,621.68
UPB AMT: 1,108,181.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031234560 MORTGAGORS: CARLSON JANET
REGION CODE ADDRESS : 9600 HARVEST KNOLLS WAY
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 365,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,476.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,559.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031234578 MORTGAGORS: CHESSER TIMOTHY
CHESSER LORI
REGION CODE ADDRESS : 2302 QUEENSBURY DRIVE
01 CITY : FALLSTON
STATE/ZIP : MD 21047
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,538.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0031234586 MORTGAGORS: JENNINGS CHERYLISA
HARRIS RONALD
REGION CODE ADDRESS : 9995 VILLAGE GREEN DRIVE
01 CITY : BALTIMORE
STATE/ZIP : MD 21163
MORTGAGE AMOUNT : 258,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,367.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0031234693 MORTGAGORS: RICHARDS SHARON
CHAMPLIN SHEILA
REGION CODE ADDRESS : 21599 AUBREY PLACE
01 CITY : ASHBURN
STATE/ZIP : VA 20148
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,209.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
0 0031234727 MORTGAGORS: STONE VICTOR
STONE CINDY
REGION CODE ADDRESS : 7325 86TH AVENUE SE
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 301,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,239.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.69800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,413,300.00
P & I AMT: 9,863.18
UPB AMT: 1,411,831.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031234842 MORTGAGORS: SCHEUPLEIN LISA
BROOKS WALLACE
REGION CODE ADDRESS : 500 SPRINGS ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,617.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.97400
----------------------------------------------------------------
0 0031234883 MORTGAGORS: BERLUTI JAMES
BERLUTI CAROLYN
REGION CODE ADDRESS : 18 STORROW CIRCLE
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 595,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,109.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.97840
----------------------------------------------------------------
0 0031235229 MORTGAGORS: SIEGEL RONALD
SIEGEL CYNTHIA
REGION CODE ADDRESS : 25 HARBOUR HILL
01 CITY : YORK
STATE/ZIP : ME 03909
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,779.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031235237 MORTGAGORS: LONG ROBERT
LONG SUSAN
REGION CODE ADDRESS : 154 PLEASANT VALLEY ROAD
01 CITY : TITUSVILLE
STATE/ZIP : NJ 08560
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,434.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.66600
----------------------------------------------------------------
0 0031236177 MORTGAGORS: KAVANAUGH SCOTT
KAVANAUGH KERRY
REGION CODE ADDRESS : 25342 DERBYHILL DR.
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 36.75600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,817,000.00
P & I AMT: 12,398.77
UPB AMT: 1,816,273.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031236300 MORTGAGORS: ALEXANDER KEVIN
ALEXANDER DIANA
REGION CODE ADDRESS : 2824 MCFARLIN BLVD
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 267,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,746.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.71800
----------------------------------------------------------------
0 0031236383 MORTGAGORS: PERO JAMES
PERO BEVERLY
REGION CODE ADDRESS : 43 CANDLEBERRY LANE
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 307,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,360.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,098.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031236391 MORTGAGORS: MAHONEY JOHN
MAHONEY TERECITA
REGION CODE ADDRESS : 1720 PALMERA COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94051
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,806.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 35.60000
----------------------------------------------------------------
0 0031236813 MORTGAGORS: SHELDON DALE
SHELDON ANN
REGION CODE ADDRESS : 77 FLAT ROCK DRIVE
01 CITY : RIDGEFIELD.
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,519.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.74600
----------------------------------------------------------------
0 0031236870 MORTGAGORS: SHER MICHAEL
SHER JULIA
REGION CODE ADDRESS : 125 COOLIDGE STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,373.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,136.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.25200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,150.00
P & I AMT: 10,151.28
UPB AMT: 1,461,805.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031236912 MORTGAGORS: SHAVER CRAIG
SHAVER MAUREEN
REGION CODE ADDRESS : 20390 CARSON ROAD
01 CITY : DEEPHAVEN
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,754.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.35800
----------------------------------------------------------------
0 0031236938 MORTGAGORS: WEIDBERG TERRY
WEIDBERG ROBIN
REGION CODE ADDRESS : 3014 MARSHALL BLVD
01 CITY : SULLIVANS ISLAND
STATE/ZIP : SC 29482
MORTGAGE AMOUNT : 296,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,485.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 39.56000
----------------------------------------------------------------
0 0031236946 MORTGAGORS: LORIG ALAN
LORIG LORI
REGION CODE ADDRESS : 20 WINGATE CIRCLE
01 CITY : CRETE
STATE/ZIP : IL 60417
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,063.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.89700
----------------------------------------------------------------
0 0031237050 MORTGAGORS: CRECELIUS KATHRYN
CAIN EDWARD
REGION CODE ADDRESS : 12633 CENTURION LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,754.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031237092 MORTGAGORS: AUSIELLO DENNIS
AUSIELLO SUSAN
REGION CODE ADDRESS : 80 CROSS STREET
01 CITY : BARNSTABLE (COTUIT)
STATE/ZIP : MA 02635
MORTGAGE AMOUNT : 739,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 738,451.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,167.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 69.06500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,923,950.00
P & I AMT: 13,396.83
UPB AMT: 1,922,509.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031237472 MORTGAGORS: KAMINSKI TIM
SOWIZRAL PAMELA
REGION CODE ADDRESS : 4 POWDER HILL ROAD
01 CITY : BOLTON
STATE/ZIP : MA 01740
MORTGAGE AMOUNT : 300,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,352.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031237514 MORTGAGORS: BLANKSTEIN STUART
BLANKSTEIN KAREN
REGION CODE ADDRESS : 729 LABURNAM
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 376,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,310.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,571.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.68200
----------------------------------------------------------------
0 0031237548 MORTGAGORS: CROWTHER DOUGLAS
CROWTHER SARAH
REGION CODE ADDRESS : 375 LEAF STREET
01 CITY : ORONO
STATE/ZIP : MN 55356
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,746.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031238017 MORTGAGORS: ION THOMAS
ION JANET
REGION CODE ADDRESS : 12646 CRESENTMEADOW COURT
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,639.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031238595 MORTGAGORS: WISEMAN DR. KENNETH
REGION CODE ADDRESS : 2017 DELANCEY STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19103
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,559.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,854.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.07000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,828,700.00
P & I AMT: 12,536.18
UPB AMT: 1,826,607.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031238959 MORTGAGORS: NOLAN MICHAEL
REGION CODE ADDRESS : 5 CHESTNUT RIDGE COURT
01 CITY : LITTLE FALLS
STATE/ZIP : NJ 07424
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.50800
----------------------------------------------------------------
0 0031238991 MORTGAGORS: TA TIEN
TA LAN-ANH
REGION CODE ADDRESS : 37 MATTAWANG DRIVE
01 CITY : SOMERSET
STATE/ZIP : NJ 08873
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,186.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031239049 MORTGAGORS: COHEN BRUCE
COHEN AMY
REGION CODE ADDRESS : 121 NORTH STREET
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 479,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,186.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.49200
----------------------------------------------------------------
0 0031239072 MORTGAGORS: BURNS THOMAS
REGION CODE ADDRESS : 17402 COSGROVE WAY
01 CITY : DUMFRIES
STATE/ZIP : VA 22026
MORTGAGE AMOUNT : 89,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,530.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 611.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031239106 MORTGAGORS: BROWN LAWTON
BROWN JACQUELINE
REGION CODE ADDRESS : 4 FRANKLIN STREEET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,200.00
P & I AMT: 10,659.30
UPB AMT: 1,545,202.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031239296 MORTGAGORS: FAIRTY SUSAN
STEINTHAL MARTIN
REGION CODE ADDRESS : 160 SUNNYRIDGE ROAD
01 CITY : HARRISON
STATE/ZIP : NY 10528
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.75400
----------------------------------------------------------------
0 0031239460 MORTGAGORS: KUHN ANDREW
ASHER RACHEL
REGION CODE ADDRESS : 7 THE TERRACE
01 CITY : KATONAH
STATE/ZIP : NY 10536
MORTGAGE AMOUNT : 299,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,360.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031239478 MORTGAGORS: YEAPLE DAVID
YEAPLE DEBORAH
REGION CODE ADDRESS : 15555 FOX HAVEN LANE
01 CITY : MIDLOTHIAN
STATE/ZIP : VA 23112
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,788.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.79400
----------------------------------------------------------------
0 0031239619 MORTGAGORS: SILVA DON
SILVA FRANKLYN
REGION CODE ADDRESS : 268 QUAILVIEW CIRCLE
01 CITY : CLIO
STATE/ZIP : CA 96106
MORTGAGE AMOUNT : 414,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,916.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 78.26400
----------------------------------------------------------------
0 0031239965 MORTGAGORS: ROBERTO RALPH
ROBERTO FRANCES
REGION CODE ADDRESS : 8 RIVERSIDE DRIVE
01 CITY : MARBLEHEAD
STATE/ZIP : MA 10945
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,821.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 43.03571
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,870,400.00
P & I AMT: 12,949.99
UPB AMT: 1,868,885.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031239973 MORTGAGORS: BIGONESS WILLIAM
BIGONESS LESLIE
REGION CODE ADDRESS : 58 KEZIAH'S LANE
01 CITY : ORLEANS
STATE/ZIP : MA 02653
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,680.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031240138 MORTGAGORS: SIGGIA DAMIEN
SIGGIA KAREN
REGION CODE ADDRESS : 7897 FLAGER CIRCLE
01 CITY : MANASSAS
STATE/ZIP : VA 20109
MORTGAGE AMOUNT : 118,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,604.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 790.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031240641 MORTGAGORS: SEBRING JEAN
REGION CODE ADDRESS : 21781 VIA DE LA LUZ
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 305,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,890.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.45300
----------------------------------------------------------------
0 0031240682 MORTGAGORS: SCHNEIDER WILLIAM
SCHNEIDER VALERIE
REGION CODE ADDRESS : 4010 REEDLAND CIRCLE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,767.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.91200
----------------------------------------------------------------
0 0031240823 MORTGAGORS: O'SHAUGHNESSY JAMES
O'SHAUGHNESSY CHRISTINE
REGION CODE ADDRESS : 12 PETER HOBART DRIVE
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,524.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,401,600.00
P & I AMT: 9,830.47
UPB AMT: 1,400,467.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031240831 MORTGAGORS: VELLANTE DAVID
VELLANTE DEBORAH
REGION CODE ADDRESS : 259 STILL RIVER ROAD
01 CITY : HARVARD
STATE/ZIP : MA 01451
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 : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0031240914 MORTGAGORS: COUCHOT PAUL
REGION CODE ADDRESS : 20 BLESSING
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 481,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,283.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,363.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.71428
----------------------------------------------------------------
0 0031240997 MORTGAGORS: GRINDSTAFF DOUGLAS
CHACON JENNIFER
REGION CODE ADDRESS : 32662 COPPERCREST DRIVE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,606.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.42800
----------------------------------------------------------------
0 0031241219 MORTGAGORS: DEVRIES WILLIAM
DEVRIES LAURA
REGION CODE ADDRESS : 27 MORRISON STREET
01 CITY : BERNARDS TOWNSHIP
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 385,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,499.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,793.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031241227 MORTGAGORS: SHIKADA EDWARD
SHIKADA RUTH
REGION CODE ADDRESS : 4746 E BRADFORD AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,756.61 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,756,300.00
P & I AMT: 12,247.74
UPB AMT: 1,754,145.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031241458 MORTGAGORS: MOHLER EMILE
MOHLER BONNIE
REGION CODE ADDRESS : 87 OAKFORD ROAD
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,821.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031241912 MORTGAGORS: RIGAUX CHRISTOPHER
DERUYTTERE ANNE
REGION CODE ADDRESS : 9008 HONEYBEE LANE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 318,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,949.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031241995 MORTGAGORS: KELLY MAUREEN
RONE LISA
REGION CODE ADDRESS : 4519 NORTH VIRGINIA AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60625
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031242126 MORTGAGORS: SLAVIK JOHN
SLAVIK AMY
REGION CODE ADDRESS : 18 INDIAN HILL ROAD
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,798.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.14900
----------------------------------------------------------------
0 0031242266 MORTGAGORS: SCHWARTZ ERIC
SCHWARTZ JANET
REGION CODE ADDRESS : 60 HIGHLAND CIRCLE
01 CITY : WAYLAND
STATE/ZIP : MA 01778
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,569,400.00
P & I AMT: 10,921.41
UPB AMT: 1,567,997.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031242993 MORTGAGORS: CHIDSEY DAVID
CHIDSEY LINDA
REGION CODE ADDRESS : 815 WOODHAVEN DRIVE
01 CITY : HIGHLAND VILLAGE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031243603 MORTGAGORS: MORRIS RANDY
MORRIS MARY
REGION CODE ADDRESS : 2277 OLIVE ANVEUE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,627.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031243629 MORTGAGORS: HEARN DAVID
HEARN KARI
REGION CODE ADDRESS : 294 BATLESON ROAD
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,794.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.02400
----------------------------------------------------------------
0 0031243645 MORTGAGORS: DUNKINFIELD DAVID
DUNKINFIELD KERRY
REGION CODE ADDRESS : 1502 KING WILLIAM DRIVE
01 CITY : ROUND HILL
STATE/ZIP : VA 20141
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,621.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,621.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.42500
----------------------------------------------------------------
0 0031244015 MORTGAGORS: SASAKI STANTON
SASAKI LISA
REGION CODE ADDRESS : 18540 CORK STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,231.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.20600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,250,200.00
P & I AMT: 8,719.85
UPB AMT: 1,249,080.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031244072 MORTGAGORS: NICITA MICHAEL
SHANE SUSAN
REGION CODE ADDRESS : 17530 VIA DEL BRAVO
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 587,124.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,111.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.40000
----------------------------------------------------------------
0 0031244312 MORTGAGORS: BYERS JAMES
BYERS DONNA
REGION CODE ADDRESS : 13625 E CAMINO LA CEBADILLA
01 CITY : TUCSON
STATE/ZIP : AZ 85749
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,600.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.90900
----------------------------------------------------------------
0 0031244346 MORTGAGORS: ANTONOFF GARY
REGION CODE ADDRESS : 1350 LAWRENCE STREET UNIT7D
01 CITY : DENVER
STATE/ZIP : CO 80204
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,709.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,951.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.66600
----------------------------------------------------------------
0 0031244783 MORTGAGORS: NASH TIMOTHY
NASH HEIDI
REGION CODE ADDRESS : 41 BERLIN ROAD
01 CITY : BOLTON
STATE/ZIP : MA 01740
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,821.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.09600
----------------------------------------------------------------
0 0031244825 MORTGAGORS: STRAUB MICHAEL
STRAUB LISA
REGION CODE ADDRESS : 1430 CHERRYWOOD DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 425,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,184.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,975.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.18600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,939,500.00
P & I AMT: 13,653.23
UPB AMT: 1,937,440.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031244858 MORTGAGORS: LUND ERIK
LYNCH SANDRA
REGION CODE ADDRESS : 100 FULTON STREET UNIT 5W
01 CITY : BOSTON
STATE/ZIP : MA 02114
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 43.47800
----------------------------------------------------------------
0 0031244866 MORTGAGORS: MENNILLO ROGER
ANANDARAJAH GOWRI
REGION CODE ADDRESS : 9 RIDGEWOOD ROAD
01 CITY : BARRINGTON
STATE/ZIP : RI 02806
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,290.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.27700
----------------------------------------------------------------
0 0031244882 MORTGAGORS: FAIRBANKS JOHN
WRIGHT SANDRA
REGION CODE ADDRESS : 12 FIELDSTONE DRIVE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.38000
----------------------------------------------------------------
0 0031244908 MORTGAGORS: BISSAILLON FRANCIS
BISSAILLON BARBARA
REGION CODE ADDRESS : 16 BEACH ROAD
01 CITY : WEST FALMOUTH
STATE/ZIP : MA 02574
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,631.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,468.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.85700
----------------------------------------------------------------
0 0031245020 MORTGAGORS: RIGSBY FONDREN
RIGSBY SHARON
REGION CODE ADDRESS : 575 WHITE RIDGE TRACE
01 CITY : LAWRENCEVILLE
STATE/ZIP : GA 30243
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,311.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,787,900.00
P & I AMT: 12,617.28
UPB AMT: 1,787,133.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031245194 MORTGAGORS: KINSMAN JAMES
REGION CODE ADDRESS : 684 CAPRI ROAD
01 CITY : ARNOLD
STATE/ZIP : MD 21012
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031245210 MORTGAGORS: CHANG RICHARD
ENG CHANG LYNN
REGION CODE ADDRESS : 2719 64TH AVENUE SE
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,007.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.52900
----------------------------------------------------------------
0 0031245244 MORTGAGORS: NATT GAGAN
NATT ANIT
REGION CODE ADDRESS : 224 HIGH MEADOW STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 345,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,659.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,354.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031246457 MORTGAGORS: HALE MICHAEL
HALE CAROLE
REGION CODE ADDRESS : 2319 WEST DRY CREEK ROAD
01 CITY : HEALDSBURG
STATE/ZIP : CA 95448
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,045.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031246796 MORTGAGORS: GAGNON LISA
REGION CODE ADDRESS : 56 PRINCE STREET #2
01 CITY : BOSTON
STATE/ZIP : MA 02113
MORTGAGE AMOUNT : 119,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 801.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.79600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,600.00
P & I AMT: 10,670.98
UPB AMT: 1,536,360.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031246895 MORTGAGORS: MENARD CARY
MENARD LUCILLE
REGION CODE ADDRESS : 2370 NORTH EUCLID AVENUE
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 458,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,832.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,128.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.74700
----------------------------------------------------------------
0 0031247091 MORTGAGORS: BEARD MICHAEL
BEARD LISA
REGION CODE ADDRESS : 19653 HORACE STREET
01 CITY : CHATSWORTH AREA
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 463,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,638.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,158.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.28400
----------------------------------------------------------------
0 0031247596 MORTGAGORS: SALINI AMERICO
SALINI JANE
REGION CODE ADDRESS : 4 COUNTRYSIDE WAY
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,213.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031248008 MORTGAGORS: WADE NANCY
REGION CODE ADDRESS : 200 ARROYO TERRACE
01 CITY : PASADENA
STATE/ZIP : CA 91103
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,829.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.67500
----------------------------------------------------------------
0 0031248115 MORTGAGORS: BUCHANAN WILLIAM
BUCHANAN SUSAN
REGION CODE ADDRESS : 1308 LAKEVIEW
01 CITY : PALATINE
STATE/ZIP : IL 60067
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,795.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,696,950.00
P & I AMT: 11,778.23
UPB AMT: 1,695,310.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031248123 MORTGAGORS: PHAM CHRISTOPHER
PHAM ANH
REGION CODE ADDRESS : 1525 ROSEMERE COURT
01 CITY : FREMONT
STATE/ZIP : CA 95439
MORTGAGE AMOUNT : 363,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,459.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.49000
----------------------------------------------------------------
0 0031248891 MORTGAGORS: CHAMBERS ROBERT
CHAMBERS MARILYS
REGION CODE ADDRESS : 433 WINTER WALK DRIVE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,317.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031248990 MORTGAGORS: ANDERSON SHELL
ANDERSON CHARLY
REGION CODE ADDRESS : 6225 GAYTON PLACE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.34700
----------------------------------------------------------------
0 0031249170 MORTGAGORS: WHITNEY TIMOTHY
DOHERTY ANN
REGION CODE ADDRESS : 71 FOREST HILL AVENUE
01 CITY : LYNNFIELD
STATE/ZIP : MA 01940
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,756.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.56300
----------------------------------------------------------------
0 0031249444 MORTGAGORS: BUCKMASTER STEVEN
BUCKMASTER MARY
REGION CODE ADDRESS : 21427 SOUTHEAST 33RD PLACE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 356,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,198.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.86900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,585,950.00
P & I AMT: 11,200.74
UPB AMT: 1,584,525.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031249477 MORTGAGORS: HAIDER MICHAEL
HAIDER TANA
REGION CODE ADDRESS : 4034 EVERGREEN PLACE
01 CITY : SHOREVIEW
STATE/ZIP : MN 55126
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,800.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031249485 MORTGAGORS: MULLIN MICHAEL
MULLIN TRACY
REGION CODE ADDRESS : 8786 RIDGE PONDS DRIVE
01 CITY : VICTORIA
STATE/ZIP : MN 55386
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,126.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.94200
----------------------------------------------------------------
0 0031249683 MORTGAGORS: PAINE ROBERT
REGION CODE ADDRESS : UNIT NO.3, 33 CHESTNUT STREET
01 CITY : BOSTON
STATE/ZIP : MA 02108
MORTGAGE AMOUNT : 455,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,184.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.15600
----------------------------------------------------------------
0 0031249832 MORTGAGORS: MORTENSEN RANDY
POTURALSKI NANCY
REGION CODE ADDRESS : 15629 EQUESTRIAN TRAIL
01 CITY : ORLAND PARK
STATE/ZIP : IL 60467
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,963.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,231.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031249857 MORTGAGORS: LEVENGOOD GENE
LEVENGOOD TRACEY
REGION CODE ADDRESS : 150 BISHOP ROAD
01 CITY : POTTSTOWN
STATE/ZIP : PA 19465
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.81200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,900.00
P & I AMT: 10,962.59
UPB AMT: 1,570,066.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031250095 MORTGAGORS: ZITTEL RAYMOND
ZITTEL DOROTHEA
REGION CODE ADDRESS : 2 WIERIMUS LANE
01 CITY : HILLSDALE
STATE/ZIP : NJ 07642
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.02700
----------------------------------------------------------------
0 0031250160 MORTGAGORS: CUMMINGS DENIS
CUMMINGS LISA
REGION CODE ADDRESS : 225 FLORENCE AVENUE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,734.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031250384 MORTGAGORS: KAYITMAZ BARBARA
REGION CODE ADDRESS : 2 MASTERS WAY
01 CITY : TRENTON
STATE/ZIP : NJ 08638
MORTGAGE AMOUNT : 179,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,221.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.75000
----------------------------------------------------------------
0 0031250459 MORTGAGORS: DOWNING LORENZO
DOWNING JOYCE
REGION CODE ADDRESS : 6149 COBBS ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,737.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,475.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.08500
----------------------------------------------------------------
0 0031250657 MORTGAGORS: MARASCO MICHAEL
MARASCO MINDY
REGION CODE ADDRESS : 26 TYSON COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,717.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.37200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,506,000.00
P & I AMT: 10,319.46
UPB AMT: 1,505,190.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031250921 MORTGAGORS: REBEIZ ELIE
YACOUB LILIANE
REGION CODE ADDRESS : 81 WOODFALL ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,807.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.28500
----------------------------------------------------------------
0 0031251093 MORTGAGORS: CALFO JASON
CALFO JANET
REGION CODE ADDRESS : 148 WEST ROAD
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 530,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,570.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.94800
----------------------------------------------------------------
0 0031251226 MORTGAGORS: BELL FRANK
BELL JANE
REGION CODE ADDRESS : 5360 CHANDLEY FARM CIRCLE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,718.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.70200
----------------------------------------------------------------
0 0031251267 MORTGAGORS: MILLER RICHARD
MILLER SHERRY
REGION CODE ADDRESS : 227 WEST RIDGE COURT
01 CITY : CHAPIN
STATE/ZIP : SC 29036
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 35.00000
----------------------------------------------------------------
0 0031251440 MORTGAGORS: BELT JAMES
BELT DONNA
REGION CODE ADDRESS : 17 RIVER DRIVE
01 CITY : LANCASTER
STATE/ZIP : PA 17603
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,987,000.00
P & I AMT: 13,455.62
UPB AMT: 1,984,677.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031252372 MORTGAGORS: DEANGELIS MICHAEL
DEANGELIS GINA
REGION CODE ADDRESS : 126 SPYGLASS DRIVE
01 CITY : BLUE BELL
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031252398 MORTGAGORS: UKLONSKY EUGENE
UKLONSKY GALINA
REGION CODE ADDRESS : 53 SILO HILL DRIVE
01 CITY : RICHBORO
STATE/ZIP : PA 18954
MORTGAGE AMOUNT : 281,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,999.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.04494
----------------------------------------------------------------
0 0031252497 MORTGAGORS: ERICKSON DONALD
ERICKSON SHARON
REGION CODE ADDRESS : 4739 ACQUA VERDE COURT
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,551.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.68852
----------------------------------------------------------------
0 0031252653 MORTGAGORS: MALONEY ANDREW
MALONEY DONNA
REGION CODE ADDRESS : 19 TAMARACK
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,650.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,056.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.84500
----------------------------------------------------------------
0 0031252703 MORTGAGORS: BOUSHELL JEFFREY
BOUSHELL VICKI
REGION CODE ADDRESS : 4603 LEWIS LEIGH COURT
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 249,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,845.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,350.00
P & I AMT: 10,114.12
UPB AMT: 1,474,851.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031252711 MORTGAGORS: NGUYEN JOSEPH
NGUYEN JENNIFER
REGION CODE ADDRESS : 2403 NORTH PARK COURT
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 372,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,009.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,539.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031252810 MORTGAGORS: JUST LEON
JUST GERTRUDE
REGION CODE ADDRESS : 4 MILLERS WAY
01 CITY : OLD LYME
STATE/ZIP : CT 06371
MORTGAGE AMOUNT : 332,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,346.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,297.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.34800
----------------------------------------------------------------
0 0031253164 MORTGAGORS: THAI PAUL
THAI ANN
REGION CODE ADDRESS : 18621 GARNET LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,485.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031253206 MORTGAGORS: COHEN AMY
REGION CODE ADDRESS : 6 TEWKSBURY STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,762.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.14200
----------------------------------------------------------------
0 0031253214 MORTGAGORS: REDDINGTON JAMES
REDDINGTON LORAINE
REGION CODE ADDRESS : 1209 CANDLEWICK COURT
01 CITY : YARDLEY
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 251,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,883.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,000.00
P & I AMT: 10,790.56
UPB AMT: 1,588,487.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031253305 MORTGAGORS: GORHAM J
REGION CODE ADDRESS : 14131 KILLION STREET
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,810.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.01200
----------------------------------------------------------------
0 0031253362 MORTGAGORS: DISALVO ROBERT
REGION CODE ADDRESS : 11 FORENZA ROAD
01 CITY : PEABODY
STATE/ZIP : MA 01960
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,862.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,200.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031253420 MORTGAGORS: LEE THOMAS
REGION CODE ADDRESS : 44 APPLETON STREET
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 41.30400
----------------------------------------------------------------
0 0031253479 MORTGAGORS: LINIADO ALBERT
LINIADO MARY
REGION CODE ADDRESS : 716 AVENUE N
01 CITY : BROOKLYN
STATE/ZIP : NY 11230
MORTGAGE AMOUNT : 499,999.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,646.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 83.33300
----------------------------------------------------------------
0 0031253545 MORTGAGORS: MEHTA ARVIND
MEHTA JAYSHRI
REGION CODE ADDRESS : 12409 CARNABY STREET
01 CITY : CERRTIOS
STATE/ZIP : CA 92702
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,467.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,556,999.00
P & I AMT: 10,860.50
UPB AMT: 1,555,569.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031253719 MORTGAGORS: PYRITZ JEFFREY
PYRITZ KELLY
REGION CODE ADDRESS : 14811 E MOUNTAIN MAJESTY
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 256,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,404.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031253925 MORTGAGORS: NEWMAN CHRISTOPHER
NEWMAN MARILYN
REGION CODE ADDRESS : 8 SHAWNEE RD
01 CITY : MEDFIELD
STATE/ZIP : MA 02115
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,744.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031254022 MORTGAGORS: BICKFORD ANDREW
BICKFORD ROBERTA
REGION CODE ADDRESS : 5 GREENSTONE WAY
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,777.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.01980
----------------------------------------------------------------
0 0031254402 MORTGAGORS: ERLIJMAN RUBEN
ERLIJMAN VIRGINIA
REGION CODE ADDRESS : 11 PLYMOUTH COURT
01 CITY : BERNARDS
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.61940
----------------------------------------------------------------
0 0031254451 MORTGAGORS: PARSONS JAMES
PARSONS ROBIN
REGION CODE ADDRESS : 5338 S.W. LANDER STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,724.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,324.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,100.00
P & I AMT: 10,018.47
UPB AMT: 1,459,150.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031254733 MORTGAGORS: MAGARGLE JEFFREY
MAGARGLE JULIA
REGION CODE ADDRESS : 3447 14TH AVENUE NORTHWEST
01 CITY : OLYMPIA
STATE/ZIP : WA 98502
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,543.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031254766 MORTGAGORS: CAMBRA EDWARD
CAMBRA SUSAN
REGION CODE ADDRESS : 1255 HEARST DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,648.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.93700
----------------------------------------------------------------
0 0031254899 MORTGAGORS: ABKEMEIER LAURIE
ABKEMEIER KURT
REGION CODE ADDRESS : 46 ROWAN ROAD
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,457.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031255599 MORTGAGORS: THOMPSON TRISA
REGION CODE ADDRESS : 629 FAIRFAX STREET SOUTH
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,794.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.58700
----------------------------------------------------------------
0 0031255664 MORTGAGORS: SCHWARTZ DAVID
PRICE-SCHWARTZ JANE
REGION CODE ADDRESS : 99 PINE RIDGE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,625.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,129,500.00
P & I AMT: 14,658.50
UPB AMT: 2,128,112.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031255672 MORTGAGORS: TANNEY JAMES
REGION CODE ADDRESS : 658 MAPLE GLEN CIRCLE
01 CITY : MAPLE GLEN
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.48700
----------------------------------------------------------------
0 0031255698 MORTGAGORS: KARMARKAR DEEPAK
KARMARKAR MADHURA
REGION CODE ADDRESS : 369 TIMBER HILL DRIVE
01 CITY : MARLBORO TWP
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,809.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.76700
----------------------------------------------------------------
0 0031255771 MORTGAGORS: VERDI PATRICK
VERDI DONNA
REGION CODE ADDRESS : 2 KENWORTH ROAD
01 CITY : PORT WASHINGTON
STATE/ZIP : NY 11050
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
0 0031255789 MORTGAGORS: HALVORSON DAVID
HALVORSON VALERIE
REGION CODE ADDRESS : 2543 E COUNTRY CLUB DR
01 CITY : FARGO
STATE/ZIP : ND 58103
MORTGAGE AMOUNT : 279,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,331.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.87100
----------------------------------------------------------------
0 0031255904 MORTGAGORS: WHITTAKER JAMES
WHITTAKER CATHERINE
REGION CODE ADDRESS : 2103 HARCOURT DRIVE
01 CITY : CINCINNATI
STATE/ZIP : OH 45244
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.47300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,438,550.00
P & I AMT: 9,935.01
UPB AMT: 1,437,735.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031255920 MORTGAGORS: GRAY JEFFERY
GRAY LINDA
REGION CODE ADDRESS : 20852 GLENCAIRN LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 255,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,533.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.50700
----------------------------------------------------------------
0 0031255938 MORTGAGORS: JOSEF STAN
JOSEF LINDA
REGION CODE ADDRESS : 107 WHISPERING HILLS
01 CITY : HOT SPRINGS
STATE/ZIP : AR 71901
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,851.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031256357 MORTGAGORS: BOUSCAREN MICHAEL
BOUSCAREN EDITH
REGION CODE ADDRESS : 60 FERNWOOD ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02167
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 29.41100
----------------------------------------------------------------
0 0031256456 MORTGAGORS: RIVARD MICHAEL
REGION CODE ADDRESS : 9 FERSON ROAD
01 CITY : HANOVER
STATE/ZIP : NH 03755
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,757.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,203.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.10200
----------------------------------------------------------------
0 0031256803 MORTGAGORS: COLES RICHARD
COLES KRISTEN
REGION CODE ADDRESS : 42 DURAND ROAD
01 CITY : MAPLEWOOD
STATE/ZIP : NJ 07040
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,400.00
P & I AMT: 11,655.37
UPB AMT: 1,673,761.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031256837 MORTGAGORS: MASON THOMAS
MASON LEA
REGION CODE ADDRESS : 4115 CORALEE LANE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,790.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.35800
----------------------------------------------------------------
0 0031256886 MORTGAGORS: GIORDANO E
REGION CODE ADDRESS : 22 HAMMETT'S COVE DRIVE
01 CITY : MARION
STATE/ZIP : MA 02738
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,389.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 53.00000
----------------------------------------------------------------
0 0031257116 MORTGAGORS: WOLKE MICHAEL
WOLKE LAUREN
REGION CODE ADDRESS : 4109 GREENBRIAR AVENUE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 577,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 576,515.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,790.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.45100
----------------------------------------------------------------
0 0031257249 MORTGAGORS: GUGLIOTTA GUY
ROBBINS CARLA
REGION CODE ADDRESS : 3201 CATHEDERAL AVENUE, N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,350.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.12400
----------------------------------------------------------------
0 0031257389 MORTGAGORS: BALDONE CHARLES
BALDONE BARBARA
REGION CODE ADDRESS : 5053 GRAYSTONE WAY
01 CITY : HOOVER
STATE/ZIP : AL 35242
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,684.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,755.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,994,000.00
P & I AMT: 13,793.10
UPB AMT: 1,991,730.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031257694 MORTGAGORS: CRONIN KEITH
REGION CODE ADDRESS : 1007 LINDSAY COURT
01 CITY : FREDERICKSBURG
STATE/ZIP : VA 22401
MORTGAGE AMOUNT : 210,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,085.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,434.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031257819 MORTGAGORS: SANON MICHEL
REGION CODE ADDRESS : 52 LAUREL ROAD
01 CITY : MILTON
STATE/ZIP : MA 02186
MORTGAGE AMOUNT : 118,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 794.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------
0 0031257843 MORTGAGORS: LUSBY JAMES
LUSBY GAIL
REGION CODE ADDRESS : 28822 PEACH BLOSSOM
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,816.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0031257868 MORTGAGORS: TELTSHER LESTER
TELTSHER SHARON
REGION CODE ADDRESS : 5660 COLLINS AVE, UNIT 11E
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33140
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,735.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031258213 MORTGAGORS: CONANT KEITH
CONANT MARCIA
REGION CODE ADDRESS : 23 OLD SHIRLEY ROAD
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,187,250.00
P & I AMT: 8,195.48
UPB AMT: 1,186,638.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031258254 MORTGAGORS: KANU CHIJIOKE
KANU ANGELA
REGION CODE ADDRESS : 8701 STAGE FORD ROAD
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,781.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.98400
----------------------------------------------------------------
0 0031258379 MORTGAGORS: CANEZIN RENE
CANEZIN LAURIE
REGION CODE ADDRESS : 8 CAUMSETT PLACE
01 CITY : WOODBURY
STATE/ZIP : NY 11797
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031258569 MORTGAGORS: CASPER KEVIN
CASPER LUANN
REGION CODE ADDRESS : 13143 SOUTH HORIZON POINT DRIVE
01 CITY : DRAPER
STATE/ZIP : UT 84020
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,590.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031258734 MORTGAGORS: DEGRASSE ROBERT
DEGRASSE BETH
REGION CODE ADDRESS : 949 SPENCER ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,688.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.21400
----------------------------------------------------------------
0 0031258759 MORTGAGORS: HELWIG GREGORY
HELWIG JOANNE
REGION CODE ADDRESS : 7574 BERKS WAY
01 CITY : HUDSON
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.55700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,694,800.00
P & I AMT: 11,748.01
UPB AMT: 1,694,060.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031258775 MORTGAGORS: LUX JOHN
REGION CODE ADDRESS : 2832 RIVER ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 396,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,298.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,739.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.77000
----------------------------------------------------------------
0 0031258783 MORTGAGORS: QUATTRONE FRANK
QUATTRONE PATRICIA
REGION CODE ADDRESS : 2810 LADY ANNE'S WAY
01 CITY : HUNTINGTOWN
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 282,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,869.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031258858 MORTGAGORS: KREGER THOMAS
KREGER CATHY
REGION CODE ADDRESS : 2500 NW 199TH STREET
01 CITY : RIDGEFIELD
STATE/ZIP : WA 98642
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,496.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.76900
----------------------------------------------------------------
0 0031258874 MORTGAGORS: CHIMENTO PETER
CHIMENTO SUSAN
REGION CODE ADDRESS : 1 FOUNTAIN LANE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07228
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,794.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.02500
----------------------------------------------------------------
0 0031258924 MORTGAGORS: DALEY GREG
DALEY KIMBERLY
REGION CODE ADDRESS : 102 JONQUIL COURT
01 CITY : ROLLING MEADOWS
STATE/ZIP : IL 60008
MORTGAGE AMOUNT : 145,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 145,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 953.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 82.91400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,000.00
P & I AMT: 9,530.91
UPB AMT: 1,397,557.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031259195 MORTGAGORS: SCHNEIDER TOBIN
SCHNEIDER JUDITH
REGION CODE ADDRESS : 712 HOWARD AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 310,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,363.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031259419 MORTGAGORS: ODENCE H
REGION CODE ADDRESS : 147 BISHOP ALLEN DRIVE
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02139
MORTGAGE AMOUNT : 230,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,572.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.48027
----------------------------------------------------------------
0 0031259690 MORTGAGORS: HURWITZ RICHARD
HURWITZ STACEY
REGION CODE ADDRESS : 100 GARY ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02194
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031259757 MORTGAGORS: MURRAY WAYSON
MURRAY Y. RENEE
REGION CODE ADDRESS : 3005 AVERLY ROAD
01 CITY : IJAMSVILLE
STATE/ZIP : MD 21754
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,729.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,277.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.52900
----------------------------------------------------------------
0 0031259773 MORTGAGORS: BLAMEY WILLIAM
BLAMEY DEBORAH
REGION CODE ADDRESS : 2846 SWEET GUM COURT
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22192
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,240.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,559.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,357,750.00
P & I AMT: 9,312.05
UPB AMT: 1,356,833.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031259849 MORTGAGORS: HARRIS HELANIE
TAVSS JODY
REGION CODE ADDRESS : 3542 PORTER STREET, N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 385,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,081.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.46600
----------------------------------------------------------------
0 0031259856 MORTGAGORS: HARTMAN JOSEPH
HARTMAN RELLA
REGION CODE ADDRESS : 4 ELLIOT LANE
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 618,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 617,056.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,268.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 37.45400
----------------------------------------------------------------
0 0031259864 MORTGAGORS: PAUL KENNETH
PAUL SANDRA
REGION CODE ADDRESS : 1 FAIRWAY DRIVE
01 CITY : HOPEWELL
STATE/ZIP : NJ 08525
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031260292 MORTGAGORS: HIRSH JONATHAN
REGION CODE ADDRESS : 1684 NORTH CRESCENT HEIGHTS BOULEVA
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,197.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,368.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.74015
----------------------------------------------------------------
0 0031260540 MORTGAGORS: HORVATH JANET
REGION CODE ADDRESS : 122 VIRGINIA STREET
01 CITY : ST. PAUL
STATE/ZIP : MN 55102
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 : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.07600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,088,700.00
P & I AMT: 14,435.09
UPB AMT: 2,086,102.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031260649 MORTGAGORS: FUTTER JEFFREY
FUTTER SUSAN
REGION CODE ADDRESS : 155 LAWRENCE HILL ROAD
01 CITY : COLD SPRING HARBOR
STATE/ZIP : NY 11724
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.56637
----------------------------------------------------------------
0 0031260771 MORTGAGORS: ECKERT GARY
ECKERT PRUDENCE
REGION CODE ADDRESS : 835 MORNING SUN DRIVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 334,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,251.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.71428
----------------------------------------------------------------
0 0031260813 MORTGAGORS: BRYCE RICHARD
BRYCE MARY JO
REGION CODE ADDRESS : 14430 SAND HILL ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,710.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.59100
----------------------------------------------------------------
0 0031261142 MORTGAGORS: LUNDSTROM MARJORIE
STANTON SAM
REGION CODE ADDRESS : 2039 SHELFIELD DRIVE
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,600.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031261191 MORTGAGORS: EDELMAN ROBERT
EDELMAN KRISTEN
REGION CODE ADDRESS : 2775 MOSSY OAK DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 423,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,134.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,999.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,833,250.00
P & I AMT: 12,878.31
UPB AMT: 1,831,697.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031261431 MORTGAGORS: BARDUE RICHARD
BARDUE HEIDI
REGION CODE ADDRESS : 10725 VERNON ROAD
01 CITY : LAKE STEVENS
STATE/ZIP : WA 98258
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,245.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 86.78400
----------------------------------------------------------------
0 0031261555 MORTGAGORS: BURKE KATHLEEN
REGION CODE ADDRESS : 882 ROSECRANS STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,811.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.57100
----------------------------------------------------------------
0 0031261621 MORTGAGORS: TODD JACK
TODD LINDA
REGION CODE ADDRESS : 7841 WEST TRAIL NORTH DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80125
MORTGAGE AMOUNT : 287,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,876.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,958.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.71800
----------------------------------------------------------------
0 0031261662 MORTGAGORS: PTAK ALAN
PTAK SANDRA
REGION CODE ADDRESS : 117 EDGE HILL ROAD
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21405
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.67000
----------------------------------------------------------------
0 0031261779 MORTGAGORS: ZDEBLICK THEODORE
ZDEBLICK SUSAN
REGION CODE ADDRESS : 436 WEDGEWOOD ROAD
01 CITY : SOUTHINGTON
STATE/ZIP : CT 06489
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,035.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,468,600.00
P & I AMT: 10,055.93
UPB AMT: 1,467,712.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031261910 MORTGAGORS: LALLY PATRICK
LALLY JUDY
REGION CODE ADDRESS : 2803 OAKTON MILL DRIVE
01 CITY : OAKTON
STATE/ZIP : VA 22124
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.34700
----------------------------------------------------------------
0 0031261969 MORTGAGORS: DOWNEY KENNETH
DOWNEY MARY
REGION CODE ADDRESS : 2400 FORT SCOTT DRIVE
01 CITY : ARLINGTON
STATE/ZIP : VA 22202
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,978.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031262025 MORTGAGORS: WALDROP THOMAS
WALDROP ELAINE
REGION CODE ADDRESS : 3419 ROBIOUS FOREST WAY
01 CITY : MIDLOTHIAN
STATE/ZIP : VA 23113
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.86100
----------------------------------------------------------------
0 0031262082 MORTGAGORS: CAMPBELL KENNETH
HOLOBAUGH JAMES
REGION CODE ADDRESS : 8325 KIRKWOOD DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,758.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031262348 MORTGAGORS: KENDALL CHRISTOPHER
SCHILPEROORT SUSAN
REGION CODE ADDRESS : 1 MONTGOMERY AVENUE
01 CITY : TAKOMA PARK
STATE/ZIP : MD 20912
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,200.00
P & I AMT: 9,732.24
UPB AMT: 1,419,100.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031262371 MORTGAGORS: STERNSCHEIN EVAN
REGION CODE ADDRESS : 55 TIBER ROAD
01 CITY : SYOSSET
STATE/ZIP : NY 11791
MORTGAGE AMOUNT : 541,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 541,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,644.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.97500
----------------------------------------------------------------
0 0031262611 MORTGAGORS: KNOBLE THOMAS
PASIVE NARNIE
REGION CODE ADDRESS : 511 B 16TH AVE
01 CITY : SOUTH BELMAR
STATE/ZIP : NJ 07719
MORTGAGE AMOUNT : 139,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 948.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.42800
----------------------------------------------------------------
0 0031262652 MORTGAGORS: KRUVANT FREDRIC
KRUVANT FELICIA
REGION CODE ADDRESS : 4 THAMES DR
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 : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 28.57100
----------------------------------------------------------------
0 0031262702 MORTGAGORS: ANDEREGG SCOTT
ANDEREGG MONICA
REGION CODE ADDRESS : 4246 SCOTT TERRACE
01 CITY : EDINA
STATE/ZIP : MN 55416
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
0 0031262744 MORTGAGORS: ARON TITU
ARON ANNE
REGION CODE ADDRESS : 161 E. CHICAGO #52 D & E
01 CITY : CHICAGO
STATE/ZIP : IL 60611
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,617.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,600.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.28400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,745,000.00
P & I AMT: 11,997.10
UPB AMT: 1,744,422.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031262769 MORTGAGORS: SCHREMPF RAYMOND
SCHREMPF CHERI
REGION CODE ADDRESS : 17103 HILLCREST FIELD COURT
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,808.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.48600
----------------------------------------------------------------
0 0031262777 MORTGAGORS: BUELOW CHRISTOPHER
BUELOW RENEE
REGION CODE ADDRESS : 8069 TERRACEVIEW LANE
01 CITY : MAPLE GROVE
STATE/ZIP : MN 55311
MORTGAGE AMOUNT : 294,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,520.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031262785 MORTGAGORS: BUTTERMANN GLENN
BUTTERMANN ANN
REGION CODE ADDRESS : 1725 PARK AVENUE
01 CITY : MAHTOMEDI
STATE/ZIP : MN 55115
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,744.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.07600
----------------------------------------------------------------
0 0031262819 MORTGAGORS: KUTMAN ZHANNA
REGION CODE ADDRESS : 533 ROMONA ROAD
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 105,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 707.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 35.59300
----------------------------------------------------------------
0 0031262926 MORTGAGORS: TAYLOR DONALD
TAYLOR JEAN
REGION CODE ADDRESS : 100 MEADOWBROOK ROAD
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.88200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,231,750.00
P & I AMT: 8,459.93
UPB AMT: 1,231,072.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031262934 MORTGAGORS: FRANCIS KENT
FRANCIS KATHARINE
REGION CODE ADDRESS : 1137 GRANT STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,445.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.67100
----------------------------------------------------------------
0 0031263007 MORTGAGORS: VERDI ROBERT
VERDI LESLEY
REGION CODE ADDRESS : 16 CHESTERFIELD DR
01 CITY : CHESTER
STATE/ZIP : NJ 07930
MORTGAGE AMOUNT : 492,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,403.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.60000
----------------------------------------------------------------
0 0031263064 MORTGAGORS: EDWARDS JOHN
REGION CODE ADDRESS : 5330 HOWARDS POINT ROAD
01 CITY : SHOREWOOD
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,517.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031263148 MORTGAGORS: GULLEY WILLIAM
GULLEY KATHLEEN
REGION CODE ADDRESS : 1198 CHURCH STREET
01 CITY : VENTURA
STATE/ZIP : CA 93001
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,758.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.39300
----------------------------------------------------------------
0 0031263163 MORTGAGORS: ROSS JESSICA
ROSS DAVID
REGION CODE ADDRESS : 22319 MARILLA STREET
01 CITY : CHATSWORTH(AREA)
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,822.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.03200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,933,800.00
P & I AMT: 13,407.33
UPB AMT: 1,932,898.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031263502 MORTGAGORS: HEFFNER LINDA
RICHARDSON DOUGLAS
REGION CODE ADDRESS : 15 FARLOW ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02158
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,606.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,705.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.92300
----------------------------------------------------------------
0 0031263510 MORTGAGORS: RAHWAN ROBERT
RAHWAN RUTH
REGION CODE ADDRESS : 619 CANTON STREET
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.25700
----------------------------------------------------------------
0 0031263528 MORTGAGORS: KANANACK MICHAEL
REGION CODE ADDRESS : 10310 CHRYSANTHEMUM LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 413,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,693.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,887.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031263536 MORTGAGORS: FORDHAM PETER
WOLF-FORDHAM SUSAN
REGION CODE ADDRESS : 4 DEMAR ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.30612
----------------------------------------------------------------
0 0031263635 MORTGAGORS: FIES GREGORY
FIES MARTHA
REGION CODE ADDRESS : 9120 PADDOCK LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,758.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,824,000.00
P & I AMT: 12,731.82
UPB AMT: 1,823,058.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031263882 MORTGAGORS: GOON STEVEN
GOON LISA
REGION CODE ADDRESS : 1412 SEACREST DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,276.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,927.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.72727
----------------------------------------------------------------
0 0031263965 MORTGAGORS: MALDONADO WILLIE
MALDONADO VIOLA
REGION CODE ADDRESS : 1203 E SYCAMORE AVENUE
01 CITY : EL SEGUNDO
STATE/ZIP : CA 90245
MORTGAGE AMOUNT : 243,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,209.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031263981 MORTGAGORS: CONRAD ROGER
CONRAD ELLA
REGION CODE ADDRESS : 308 SWEET ROAD
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.93406
----------------------------------------------------------------
0 0031264765 MORTGAGORS: TILL SPENCER
REGION CODE ADDRESS : 506 BAYHILL RIDGE CIRCLE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35244
MORTGAGE AMOUNT : 413,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,685.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.90521
----------------------------------------------------------------
0 0031264823 MORTGAGORS: JANKE KENNETH
REGION CODE ADDRESS : 6644 WOODBERRY COURT
01 CITY : COLUMBUS
STATE/ZIP : GA 31904
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,784.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.21000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,659,600.00
P & I AMT: 11,268.41
UPB AMT: 1,657,733.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031264971 MORTGAGORS: CARR CALVIN
CARR JENNIFER
REGION CODE ADDRESS : 3187 BRYANT STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 499,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,629.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,489.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.43243
----------------------------------------------------------------
0 0031265101 MORTGAGORS: GILES PHILLIP
GILES JOYCE
REGION CODE ADDRESS : 152 ASBURY STREET
01 CITY : HAMILTON
STATE/ZIP : MA 01982
MORTGAGE AMOUNT : 198,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,367.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.64700
----------------------------------------------------------------
0 0031265531 MORTGAGORS: SWILLIE RODNEY
SWILLIE CONNIE
REGION CODE ADDRESS : 2101 LONGLEAF TRAIL
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35243
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,632.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,099.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031265549 MORTGAGORS: IWADO TAMIO
IWADO JEANNETTE
REGION CODE ADDRESS : 200 KEALAKAI PLACE
01 CITY : PAIA
STATE/ZIP : HI 96779
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,717.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.09091
----------------------------------------------------------------
0 0031265556 MORTGAGORS: DUDEK FRANK
DUDEK PENELOPE
REGION CODE ADDRESS : 621 GLENCREST PLACE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,753.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.38700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,877,000.00
P & I AMT: 13,019.25
UPB AMT: 1,875,733.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031265614 MORTGAGORS: APODACA MARY
REGION CODE ADDRESS : 47 BALSAM LANE
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,304.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.84800
----------------------------------------------------------------
0 0031265903 MORTGAGORS: NAGPURKAR RAHUL
NAGPURKAR REKHA
REGION CODE ADDRESS : 65 OLIVER AVE
01 CITY : EDISON
STATE/ZIP : NJ 08820
MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,193.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.40300
----------------------------------------------------------------
0 0031265986 MORTGAGORS: RENTON DAVID
GERTENRICH JILL
REGION CODE ADDRESS : 5335 SUMMIT STREET
01 CITY : WEST LYNN
STATE/ZIP : OR 97068
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.80000
----------------------------------------------------------------
0 0031265994 MORTGAGORS: BILBY SCOTT
BILBY PATRICIA
REGION CODE ADDRESS : 100 PINE STREET
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 54.43640
----------------------------------------------------------------
0 0031266075 MORTGAGORS: KONOPADA RICHARD
WASKO KAREN
REGION CODE ADDRESS : 6 BEDFORD AVENUE
01 CITY : BRICK
STATE/ZIP : NJ 08724
MORTGAGE AMOUNT : 154,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,063.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.53400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,139,500.00
P & I AMT: 7,878.32
UPB AMT: 1,139,048.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031266265 MORTGAGORS: CONWAY WAYNE
CONWAY JEAN
REGION CODE ADDRESS : 19 OGDEN COURT
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 197,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 197,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,529.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 59.78700
----------------------------------------------------------------
0 0031266505 MORTGAGORS: MARINARO ANTHONY
JACKSON PATRICIA
REGION CODE ADDRESS : 9 OLD CIDER MILL LANE
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,723.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.80000
----------------------------------------------------------------
0 0031267420 MORTGAGORS: ESHAGHIAN GEORGE
REGION CODE ADDRESS : 542 DALEHURST AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,492.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031268378 MORTGAGORS: RIZZA DENNIS
RIZZA KEVYN
REGION CODE ADDRESS : 1811 SANTA RENA DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,805.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.91800
----------------------------------------------------------------
0 0031268592 MORTGAGORS: RICHTMAN MAX
MANIET MONIQUE
REGION CODE ADDRESS : 11000 ROCK RUN DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,179.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,999.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.69700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,022,300.00
P & I AMT: 14,145.81
UPB AMT: 2,020,501.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031269863 MORTGAGORS: CAREY KEVIN
CAREY MICHELE
REGION CODE ADDRESS : 1 RAINBOW TRAIL
01 CITY : HIGHLAND LAKES
STATE/ZIP : NJ 07422
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 828.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031270416 MORTGAGORS: BAFIA LAWRENCE
BAFIA MARY ANN
REGION CODE ADDRESS : 218 CHESTERTON PLACE
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031270697 MORTGAGORS: LEON ROBERT
LEON NANCY
REGION CODE ADDRESS : 4710 EAST WHITE DRIVE
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 636,990.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,294.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031270762 MORTGAGORS: MOORE HERB
MOORE TAMARA
REGION CODE ADDRESS : 28182 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 274,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,497.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031271448 MORTGAGORS: KSIAZEK MICHAEL
KSIAZEK SUSAN
REGION CODE ADDRESS : 8632 HEATHER DRIVE
01 CITY : BURR RIDGE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 352,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,013.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,584.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.15700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,700.00
P & I AMT: 11,679.52
UPB AMT: 1,683,273.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031271562 MORTGAGORS: JOHN ROY
JOHN ESTHER
REGION CODE ADDRESS : 139 TEMPLE ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 350,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.63200
----------------------------------------------------------------
0 0031271570 MORTGAGORS: DALEY STEPHEN
DALEY SARAH
REGION CODE ADDRESS : 2 LOEW CIRCLE
01 CITY : MILTON
STATE/ZIP : MA 02186
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.80900
----------------------------------------------------------------
0 0031271588 MORTGAGORS: FRANK EDWARD
FRANK LISA
REGION CODE ADDRESS : 280 QUINOBEQUIN ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.44444
----------------------------------------------------------------
0 0031271596 MORTGAGORS: PERRY ROBERT
VAN DEN BROEKE FELICIA
REGION CODE ADDRESS : 100 ABBOTT STREET
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,104.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.87500
----------------------------------------------------------------
0 0031272362 MORTGAGORS: MUNO JAMES
MUNO KELLY
REGION CODE ADDRESS : 620 S. HAMLIN
01 CITY : PARK RIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 376,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,377.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,665.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.70000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,646,050.00
P & I AMT: 11,493.61
UPB AMT: 1,645,777.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031272396 MORTGAGORS: IORIO RICHARD
IORIO DIANE
REGION CODE ADDRESS : 1811 WEST RIDGEWOOD LANE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,707.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.16600
----------------------------------------------------------------
0 0031272636 MORTGAGORS: SATHIAN USHA
SATHIAN KRISHNANKUTTY
REGION CODE ADDRESS : 7440 BRANDONSHIRE ROAD
01 CITY : DUNWOODY
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,239.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.98600
----------------------------------------------------------------
0 0031272826 MORTGAGORS: SAND GREGORY
BERTRAM CONNIE
REGION CODE ADDRESS : 11018 BURYWOOD LANE
01 CITY : RESTON
STATE/ZIP : VA 20190
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,192.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031272917 MORTGAGORS: GALLAS CARLA
GALLAS BARRY
REGION CODE ADDRESS : 126 BRIAR PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031273089 MORTGAGORS: VASWANI RAJ
VASWANI ANISHA
REGION CODE ADDRESS : 1525 HARRISON STREET
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,546.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.04140
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,900.00
P & I AMT: 11,315.63
UPB AMT: 1,661,368.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031273105 MORTGAGORS: COSGRAVE JOHN
COSGRAVE DENISE
REGION CODE ADDRESS : 1541 MERRIMAN DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 413,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,685.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.92400
----------------------------------------------------------------
0 0031273139 MORTGAGORS: ABROMAVAGE STANLEY
ABROMAVAGE BARBARA
REGION CODE ADDRESS : 6 ALAN LANE
01 CITY : MINE HILL
STATE/ZIP : NJ 07803
MORTGAGE AMOUNT : 111,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 111,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 771.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.78500
----------------------------------------------------------------
0 0031273196 MORTGAGORS: RESTINE PAUL
RESTINE SUSAN
REGION CODE ADDRESS : 5 SAMANTHA DR
01 CITY : JAMESBURG
STATE/ZIP : NJ 08831
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,293.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.81100
----------------------------------------------------------------
0 0031274285 MORTGAGORS: FLETCHER FLAXIE
REGION CODE ADDRESS : 1161 SOUTH ORLANDO AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,569.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.29166
----------------------------------------------------------------
0 0031274467 MORTGAGORS: PATEL YASHVANTKU
PATEL MADHUKANTA
REGION CODE ADDRESS : 12 SAWMILL ROAD
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,182.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,567.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,226,300.00
P & I AMT: 8,360.53
UPB AMT: 1,225,138.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031274574 MORTGAGORS: PIKE WILLIAM
REGION CODE ADDRESS : 567 MAIN AVENUE
01 CITY : BAYHEAD
STATE/ZIP : NJ 08742
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,771.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031274830 MORTGAGORS: DENNIS PHILIP
REGION CODE ADDRESS : 5800 LAKEVIEW DRIVE
01 CITY : MINNETRISTA
STATE/ZIP : MN 55364
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.63400
----------------------------------------------------------------
0 0031274863 MORTGAGORS: CARRANZA MARC
CARRANZA MYFANWY
REGION CODE ADDRESS : 4580 WESTON LANE
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 286,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,071.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.52700
----------------------------------------------------------------
0 0031274954 MORTGAGORS: FRIEDMAN ALAN
FRIEDMAN JILL
REGION CODE ADDRESS : 1175 WADE STREET
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 324,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,633.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.23780
----------------------------------------------------------------
0 0031274962 MORTGAGORS: SHAH NISHANT
SHAH ANITA
REGION CODE ADDRESS : 3217 BRANDESS DRIVE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 350,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,533.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.72727
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,542,975.00
P & I AMT: 10,667.73
UPB AMT: 1,541,802.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031274996 MORTGAGORS: PETTI STEVEN
PETTI DIANE
REGION CODE ADDRESS : 580 SALCEDA DR.
01 CITY : MUNDELEIN
STATE/ZIP : IL 60060
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031275027 MORTGAGORS: BAGLEY PAMELA
BAGLEY SHAWN
REGION CODE ADDRESS : 21661 EDISON CIRCLE NORTHWEST
01 CITY : ELK RIVER
STATE/ZIP : MN 55330
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031275423 MORTGAGORS: MARECH CRAIG
SOLOMON DEBRA
REGION CODE ADDRESS : 2 CHATHAM PLACE
01 CITY : LINDEN
STATE/ZIP : NJ 07036
MORTGAGE AMOUNT : 105,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 716.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.41300
----------------------------------------------------------------
0 0031275720 MORTGAGORS: CASPER WALTER
KACPRZYNSKI DOROTA
REGION CODE ADDRESS : 154 CHURCH STREET
01 CITY : EAST BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 199,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,193.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.00000 PRODUCT CODE : 002
LTV : 79.75900
----------------------------------------------------------------
0 0031275795 MORTGAGORS: XU CHEN
YIN JIANYUN
REGION CODE ADDRESS : 47 OXBOW DRIVE
01 CITY : NEW PROVIDENCE
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 193,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,316.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,017,000.00
P & I AMT: 6,861.92
UPB AMT: 1,016,614.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031275928 MORTGAGORS: BEDELL L
BEDELL WILLIAM
REGION CODE ADDRESS : 25 DEGRAAF COURT
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 544,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 544,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,573.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031276017 MORTGAGORS: PEREIRA GILBERTO
WALTERS WAYNE
REGION CODE ADDRESS : 628 MORRIS AVEWNUE
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031276058 MORTGAGORS: MARINZEL EDWARD
MARINZEL SUSAN
REGION CODE ADDRESS : 686 MERRIMAC COURT
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.90900
----------------------------------------------------------------
0 0031276330 MORTGAGORS: WALKER BRUCE
REGION CODE ADDRESS : 135 LOCKINVAR ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,731.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,625.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.74509
----------------------------------------------------------------
0 0031276389 MORTGAGORS: SPENCE MARVIN
BERRY-SPENCE BENET
REGION CODE ADDRESS : 1478-C SOUTH PRAIRIE AVE.
01 CITY : CHICAGO
STATE/ZIP : IL 60605
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,905,000.00
P & I AMT: 12,921.02
UPB AMT: 1,904,505.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031276488 MORTGAGORS: HARTZELL DENNIS
HARTZELL CARLA
REGION CODE ADDRESS : UNIT #7, 111 BRIGHAM STREET
01 CITY : HUDSON
STATE/ZIP : MA 01749
MORTGAGE AMOUNT : 187,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,263.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031276538 MORTGAGORS: KAUFFMAN SCOTT
WINESUFF JULI
REGION CODE ADDRESS : 11 BERYL LANE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031276777 MORTGAGORS: DEVLIN WILLIAM
DEVLIN PATRICIA
REGION CODE ADDRESS : 119 STOUT ROAD
01 CITY : UPPER DUBLIN TWP.
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,707.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.94200
----------------------------------------------------------------
0 0031277023 MORTGAGORS: WESTHOVEN STEPHEN
WESTHOVEN MONICA
REGION CODE ADDRESS : 333 WOODLAND AVE
01 CITY : AVON
STATE/ZIP : NJ 07717
MORTGAGE AMOUNT : 174,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 174,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,204.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.91400
----------------------------------------------------------------
0 0031277130 MORTGAGORS: LYNCH SUSAN
LYNCH RICHARD
REGION CODE ADDRESS : 15 KATO DRIVE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.33600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,278,900.00
P & I AMT: 8,973.11
UPB AMT: 1,278,114.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031277213 MORTGAGORS: PACKHAM ALAN
PACKHAM TERRI
REGION CODE ADDRESS : 5307 S. ARAPAHO DRIVE
01 CITY : OGDEN
STATE/ZIP : UT 84403
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,757.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.38300
----------------------------------------------------------------
0 0031277239 MORTGAGORS: WELKE ROGER
WELKE STACY
REGION CODE ADDRESS : 2755 TRILLIUM TRAIL
01 CITY : DENVER
STATE/ZIP : NC 28037
MORTGAGE AMOUNT : 282,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,368.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031277262 MORTGAGORS: WISE CAROLYN
REGION CODE ADDRESS : 102 HEATHERSTONE DRIVE
01 CITY : IRVING
STATE/ZIP : TX 75063
MORTGAGE AMOUNT : 155,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,101.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,166.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 79.99500
----------------------------------------------------------------
0 0031277270 MORTGAGORS: POSEVER THOMAS
REGION CODE ADDRESS : 135 WARREN AVENUE
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 506,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 506,224.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,542.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.92500
----------------------------------------------------------------
0 0031277312 MORTGAGORS: WONG SIMON
WONG FLORA
REGION CODE ADDRESS : 42 BERKELEY WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,265.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.34500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,500.00
P & I AMT: 11,216.90
UPB AMT: 1,592,716.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031277387 MORTGAGORS: DE JESUS EDMUND
MULLOY DEBORAH
REGION CODE ADDRESS : 19 HIDDEN POND LANE
01 CITY : SHELTON
STATE/ZIP : CT 06484
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,646.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,454.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031277429 MORTGAGORS: RUETHLING ANN
REGION CODE ADDRESS : 9606 CLAIBORNE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 324,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,514.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031277486 MORTGAGORS: LAMBRIX JOHN
LAMBRIX SUZANNE
REGION CODE ADDRESS : 826 CLARA STREET
01 CITY : PORT HUENEME
STATE/ZIP : CA 93041
MORTGAGE AMOUNT : 116,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,715.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 826.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031277650 MORTGAGORS: SEIDEN ALEX
REGION CODE ADDRESS : 1921 DIAMOND STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.37800
----------------------------------------------------------------
0 0031277957 MORTGAGORS: ROBBINS TODD
CHRYSLER DANIELLE
REGION CODE ADDRESS : 11009 VIACHA DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,297.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,050.00
P & I AMT: 10,416.02
UPB AMT: 1,483,954.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031278260 MORTGAGORS: BOMZER HAL
BOMZER CATHERINE
REGION CODE ADDRESS : 150 6TH STREET
01 CITY : RIDGEFIELD PARK
STATE/ZIP : NJ 07660
MORTGAGE AMOUNT : 116,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 903.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.64900
----------------------------------------------------------------
0 0031279094 MORTGAGORS: FUSCO ANNA
FUSCO FRANK
REGION CODE ADDRESS : 51 OLD RIVER ROAD
01 CITY : HOLLAND
STATE/ZIP : NJ 08848
MORTGAGE AMOUNT : 115,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 794.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.19300
----------------------------------------------------------------
0 0031279250 MORTGAGORS: HELLMAN DAVID
HELLMAN SUSAN
REGION CODE ADDRESS : 2900 OAK SHADOW DRIVE
01 CITY : OAK HILL
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 326,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,507.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,284.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.88235
----------------------------------------------------------------
0 0031279318 MORTGAGORS: KOHN ALAN
KOHN MARION
REGION CODE ADDRESS : 195 ARRETON ROAD
01 CITY : TOWNSHIP OF PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 478,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,260.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.73300
----------------------------------------------------------------
0 0031279441 MORTGAGORS: ABATE JOHN
ABATE CHERYL
REGION CODE ADDRESS : 29 HAMPTON HOLLOW DRIVE
01 CITY : MILLSTONE
STATE/ZIP : NJ 08535
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 212,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.61100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,248,250.00
P & I AMT: 8,870.77
UPB AMT: 1,248,007.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031279466 MORTGAGORS: SIMON DOUGLAS
SIMON TRACY
REGION CODE ADDRESS : 102 WISTERIA LANE
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
0 0031279664 MORTGAGORS: HALL WILLIAM
LAWSON-HALL MARIA
REGION CODE ADDRESS : 5120 LUNT AVENUE
01 CITY : SKOKIE
STATE/ZIP : IL 60077
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 165,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,125.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.61500
----------------------------------------------------------------
0 0031279722 MORTGAGORS: GRIFFITH RICHARD
GRIFFITH SHERRI
REGION CODE ADDRESS : 1651 GRANDWOOD CIRCLE
01 CITY : ACWORTH
STATE/ZIP : GA 30101
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,618.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.21832
----------------------------------------------------------------
0 0031279805 MORTGAGORS: KEIDEL KURT
KEIDEL EILEEN
REGION CODE ADDRESS : 14 SIERRA VISTA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 528,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 527,213.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,691.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.97100
----------------------------------------------------------------
0 0031279896 MORTGAGORS: BYRNE JOHN
BYRNE NANCY
REGION CODE ADDRESS : 155 WEST RIDGEWOOD AVE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.16300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,513,800.00
P & I AMT: 10,687.94
UPB AMT: 1,512,832.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031279920 MORTGAGORS: GREEN EMANUEL
GREEN DEBORAH
REGION CODE ADDRESS : 41 GRANGE AVENUE
01 CITY : FAIR HAVEN
STATE/ZIP : NJ 07704
MORTGAGE AMOUNT : 180,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,199.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 59.90000
----------------------------------------------------------------
0 0031280167 MORTGAGORS: MANGRACINA STEVEN
MANGRACINA DEBORAH
REGION CODE ADDRESS : 3 PINEWOOD DRIVE
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 168,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 168,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,289.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.13900
----------------------------------------------------------------
0 0031280233 MORTGAGORS: MEYER WILLIAM
MEYER ANNE
REGION CODE ADDRESS : 119 WOODLAND ROAD
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.69900
----------------------------------------------------------------
0 0031280332 MORTGAGORS: MCCULLOUGH DAVID
MCCULLOUGH DORIS
REGION CODE ADDRESS : 5965 POST OAK CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,467.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,410.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.45400
----------------------------------------------------------------
0 0031280456 MORTGAGORS: KENT GEORGE
KENT LUCINDA
REGION CODE ADDRESS : 5817 LAWTON COURT
01 CITY : LANHAM
STATE/ZIP : MD 20706
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,286.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,188,800.00
P & I AMT: 8,228.96
UPB AMT: 1,188,053.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031280522 MORTGAGORS: ZORFAS ALAN
ZORFAS NANCY
REGION CODE ADDRESS : 6 THE GLEN
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,739.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 54.38500
----------------------------------------------------------------
0 0031280548 MORTGAGORS: TAKAHASKI CURTIS
TAKAHASKI LINDA
REGION CODE ADDRESS : 20351 GLASGOW DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.51600
----------------------------------------------------------------
0 0031280613 MORTGAGORS: STEIN LINDA
STEIN ARTHUR
REGION CODE ADDRESS : 2260 PEACHTREE ROAD 18-B
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,690.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,811.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.67857
----------------------------------------------------------------
0 0031281298 MORTGAGORS: SNYDER SHARON
SNYDER MURRAY
REGION CODE ADDRESS : 25734 BRISTLECONE COURT
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,704.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,312.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031281371 MORTGAGORS: HENDRICKS ERIK
HENDRICKS ALICE
REGION CODE ADDRESS : 320 MILL CREEK ROAD
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,734.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 51.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,977,000.00
P & I AMT: 13,301.65
UPB AMT: 1,975,412.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031281413 MORTGAGORS: SHERONAS VICTOR
SHERONAS ELISA
REGION CODE ADDRESS : 537 WATERLOO ROAD
01 CITY : DEVON
STATE/ZIP : PA 19333
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,569.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,242.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 66.57700
----------------------------------------------------------------
0 0031281496 MORTGAGORS: ORLER JOSEPH
ORLER AMILIA
REGION CODE ADDRESS : 7167 NORTHEAST 126TH STREET
01 CITY : KIRKLAND
STATE/ZIP : WA 98034
MORTGAGE AMOUNT : 438,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,992.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031281652 MORTGAGORS: SAILER LAURA
SAILER DALE
REGION CODE ADDRESS : 2237 LINNEMAN STREET
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031281801 MORTGAGORS: BIRKENSTOCK TIMOTHY
BIRKENSTOCK CRYSTAL
REGION CODE ADDRESS : W 293 N 3923 ROUND HILL CIRCLE
01 CITY : PEWAUKEE
STATE/ZIP : WI 53072
MORTGAGE AMOUNT : 336,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,543.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,326.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031282296 MORTGAGORS: WOOTTON MARK
WOOTTON KATHLEEN
REGION CODE ADDRESS : 1486 SAMUEL DRIVE
01 CITY : WALL TOWNSHIP
STATE/ZIP : NJ 07719
MORTGAGE AMOUNT : 221,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,470.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.54300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,804,550.00
P & I AMT: 12,038.82
UPB AMT: 1,802,876.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031282379 MORTGAGORS: OLENDER CHRISTINA
GARCIA JESUS
REGION CODE ADDRESS : 33 EAST LOGAN ROAD
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 219,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,438.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.41400
----------------------------------------------------------------
0 0031282437 MORTGAGORS: RUSSO VICTOR
RUSSO ANNA
REGION CODE ADDRESS : 95 EDGEFIELD DRIVE
01 CITY : MORRIS PLAINS
STATE/ZIP : NJ 07950
MORTGAGE AMOUNT : 144,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 970.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.83700
----------------------------------------------------------------
0 0031282593 MORTGAGORS: BIARD PAUL
BIARD SUZANNE
REGION CODE ADDRESS : 2676 NORTH HAMPTON STREET
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,914.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.96700
----------------------------------------------------------------
0 0031282676 MORTGAGORS: BARNETT WADE
REGION CODE ADDRESS : 1445 FLAT ROCK ROAD
01 CITY : PENN VALLEY
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 639,513.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,420.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.85300
----------------------------------------------------------------
0 0031283195 MORTGAGORS: KRAUSE RICHARD
KRAUSE KATHLEEN
REGION CODE ADDRESS : 110 LONG LOTS ROAD
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,737.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,569,300.00
P & I AMT: 10,638.34
UPB AMT: 1,568,165.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031283237 MORTGAGORS: DIXON JUDTIH
REGION CODE ADDRESS : 1612 GRACE CHURCH ROAD
01 CITY : SILVER SPRING
STATE/ZIP : MD 20910
MORTGAGE AMOUNT : 279,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,712.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031283302 MORTGAGORS: SELLICK STEPHEN
REGION CODE ADDRESS : 1335 CORCORAN STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20009
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,170.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031283963 MORTGAGORS: BERNSOHN GLENN
BERNSOHN TERRI
REGION CODE ADDRESS : 2714 THAYER STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 170,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,093.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 44.92100
----------------------------------------------------------------
0 0031284136 MORTGAGORS: TAYLOR HELEN
BOLTON R
REGION CODE ADDRESS : 1316 OAK AVENUE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 111,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 111,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 747.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 49.33300
----------------------------------------------------------------
0 0031284292 MORTGAGORS: KELLEY-COHEN JOAN
REGION CODE ADDRESS : 18 RAYMOND STREET
01 CITY : MANCHESTER-BY-THE-SEA
STATE/ZIP : MA 01944
MORTGAGE AMOUNT : 170,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,163.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.35542
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,026,520.00
P & I AMT: 6,969.53
UPB AMT: 1,026,082.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031284490 MORTGAGORS: MOSER JAMES
REGION CODE ADDRESS : 830 S. BURTON PLACE
01 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60004
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,639.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,398.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.53700
----------------------------------------------------------------
0 0031284805 MORTGAGORS: ADDISON JOHN
ADDISON PAMELA
REGION CODE ADDRESS : 359 ELM STREET
01 CITY : BENNINGTON
STATE/ZIP : VT 05201
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,921.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.23400
----------------------------------------------------------------
0 0031285448 MORTGAGORS: STEPHENS SHAND
REGION CODE ADDRESS : 346 BLACKFIELD DRIVE
01 CITY : BELVEDERE TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 955,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 954,273.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,595.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 68.70500
----------------------------------------------------------------
0 0031285984 MORTGAGORS: BECQUER JOSEPH
BECQUER MARYBETH
REGION CODE ADDRESS : 16725 43RD AVENUE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.39600
----------------------------------------------------------------
0 0031286537 MORTGAGORS: BERGIN THOMAS
REGION CODE ADDRESS : 56-58 ALPINE TERRACE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 497,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,649.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,560.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.30300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,458,100.00
P & I AMT: 17,122.70
UPB AMT: 2,456,482.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031286651 MORTGAGORS: TUCCI ROBERT
REGION CODE ADDRESS : 11 SPRUCEWOOD
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 325,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,588.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,302.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99114
----------------------------------------------------------------
0 0031286768 MORTGAGORS: ZEHNER STEPHAN
REGION CODE ADDRESS : 1602 PUEBLA DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,799.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.02800
----------------------------------------------------------------
0 0031287675 MORTGAGORS: SNELL FRED
REGION CODE ADDRESS : 1709 ASHEBARK LANE
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,268.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.39062
----------------------------------------------------------------
0 0031287873 MORTGAGORS: ERICKSON STEPHEN
ERICKSON ANGELA
REGION CODE ADDRESS : 11699 EAST BERRY PLACE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 393,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,534.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,681.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031287956 MORTGAGORS: BURKE JOHN
O'NEILL-BURKE EILEEN
REGION CODE ADDRESS : 6770 NORTH KEOTA AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60646
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,530.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 82.00300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,100.00
P & I AMT: 10,425.80
UPB AMT: 1,510,341.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031287972 MORTGAGORS: SALMERI RUDOLPH
SALMERI ROBBIN
REGION CODE ADDRESS : 15 FIELDSTONE COURT
01 CITY : EAST HANOVER
STATE/ZIP : NJ 07936
MORTGAGE AMOUNT : 331,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,374.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 71.29000
----------------------------------------------------------------
0 0031287980 MORTGAGORS: FERGUSON JOHANN
FERGUSON RENEE
REGION CODE ADDRESS : 678 ESSEX ROAD
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 347,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,298.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,459.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.73700
----------------------------------------------------------------
0 0031288087 MORTGAGORS: AMOS DAVID
AMOS LOURDES
REGION CODE ADDRESS : 8630 N. RIVER RD.
01 CITY : RIVER HILLS
STATE/ZIP : WI 53217
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,696.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,653.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.45840
----------------------------------------------------------------
0 0031288145 MORTGAGORS: HOHN CHARLES
HOHN KATHERINE
REGION CODE ADDRESS : 3344 RICHMOND BAY
01 CITY : WOODBURY
STATE/ZIP : MN 55129
MORTGAGE AMOUNT : 266,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.33800
----------------------------------------------------------------
0 0031288384 MORTGAGORS: TOUSEY CHRISTOPHER
TOUSEY KELLEY
REGION CODE ADDRESS : 123 CARMODY CIRCLE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 304,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,647.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.97000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,638,500.00
P & I AMT: 11,409.28
UPB AMT: 1,637,492.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031288624 MORTGAGORS: SHANE DAVID
SHANE ANN
REGION CODE ADDRESS : 4498 RAYBURN STREET
01 CITY : THOUSAND OAKS/WESTLAKE VI
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,741.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.96200
----------------------------------------------------------------
0 0031288889 MORTGAGORS: LEVINE GLENN
LEVINE ALISA
REGION CODE ADDRESS : 77 BONWOOD ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.61400
----------------------------------------------------------------
0 0031288939 MORTGAGORS: HACALA CHARLES
HACALA ELIZABETH
REGION CODE ADDRESS : 423 CONCORD ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,778.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,090.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.93734
----------------------------------------------------------------
0 0031288947 MORTGAGORS: ALBERTAZZI KENNETH
ALBERTAZZI JANICE
REGION CODE ADDRESS : 5 BROOKFIELD DRIVE
01 CITY : GLOUCESTER
STATE/ZIP : MA 01930
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,793.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.71400
----------------------------------------------------------------
0 0031288996 MORTGAGORS: HULEN MICHAEL
HULEN LYNN
REGION CODE ADDRESS : 28 HOP BROOK LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,000.00
P & I AMT: 9,869.60
UPB AMT: 1,418,312.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031289150 MORTGAGORS: KUMARASENA THUSITHA
KUMARASENA DARSHINI
REGION CODE ADDRESS : 30 YARMOUTH ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,695.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031289259 MORTGAGORS: RABIN ALEXANDER
RABIN MARINA
REGION CODE ADDRESS : 44 LOVETT ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031289267 MORTGAGORS: PRESTEN MARK
PRESTEN JANICE
REGION CODE ADDRESS : 80 TARRY LANE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,493.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031289283 MORTGAGORS: BENDER ARLENE
REGION CODE ADDRESS : UNIT C, 252 MARLBOROUGH STREET
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.62700
----------------------------------------------------------------
0 0031289291 MORTGAGORS: CHEW DAVID
CHEW MARITSA
REGION CODE ADDRESS : 575 AVENUE PORTOLA
01 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,113.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.85300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,841,000.00
P & I AMT: 12,851.50
UPB AMT: 1,838,106.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031289309 MORTGAGORS: SMECK JERROLD
SMECK LINDA
REGION CODE ADDRESS : 2935 NEAL AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,167.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031289317 MORTGAGORS: LEACH JAMES
LEACH DOROTHY
REGION CODE ADDRESS : 353 SAN MARIN DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,266.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031289325 MORTGAGORS: WERLE KEVIN
WERLE WENDY
REGION CODE ADDRESS : 11 OLD STONE CROSSING
01 CITY : SIMSBURY
STATE/ZIP : CT 06092
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,599.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,775.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031289341 MORTGAGORS: BINNS ROBERT
BINNS LINDA
REGION CODE ADDRESS : 1752 HAGGIN GROVE WAY
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,916.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031289358 MORTGAGORS: NELSON STEVEN
NELSON PHYLLIS
REGION CODE ADDRESS : 12224 SANTA TERESA DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,074.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.63900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,781,000.00
P & I AMT: 12,622.31
UPB AMT: 1,777,023.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031289374 MORTGAGORS: SCHMIDT RUDOLPH
SCHMIDT DONNA
REGION CODE ADDRESS : 491 OLD EVANS ROAD
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,159.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 77.46400
----------------------------------------------------------------
0 0031289416 MORTGAGORS: NICHOLS GARY
NICHOLS DEBRA
REGION CODE ADDRESS : 10151 COUNTY LINE RD
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,513.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,121.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.56900
----------------------------------------------------------------
0 0031289432 MORTGAGORS: FILES WILFRED
FILES ANNE
REGION CODE ADDRESS : 3418 PASEO ANCHO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 328,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,337.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031289499 MORTGAGORS: PRATT STEVEN
PRATT BERNICE
REGION CODE ADDRESS : 1834 CAPE COD WAY
01 CITY : LITTLETON
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 339,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,604.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.91400
----------------------------------------------------------------
0 0031289713 MORTGAGORS: FAUCHER ROBERT
FAUCHER JANICE
REGION CODE ADDRESS : 1409 BAY AVE
01 CITY : POINT PLEASANT BE,
STATE/ZIP : NJ 08742
MORTGAGE AMOUNT : 145,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 145,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,001.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.87878
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,450.00
P & I AMT: 9,646.38
UPB AMT: 1,397,613.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031290372 MORTGAGORS: FOSTER STEPHEN
FOSTER DEBORAH
REGION CODE ADDRESS : 518 ELM ROAD
01 CITY : WALPOLE
STATE/ZIP : MA 02081
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,528.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.57800
----------------------------------------------------------------
0 0031290455 MORTGAGORS: SILVA SHARON
REGION CODE ADDRESS : 34 LILLY LANE
01 CITY : DEDHAM
STATE/ZIP : MA 02026
MORTGAGE AMOUNT : 190,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,298.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031290679 MORTGAGORS: RIBACK DAVID
CRESPY RACHEL
REGION CODE ADDRESS : 913 LEIGHTON AVE
01 CITY : POINT PLEASANT
STATE/ZIP : NJ 08742
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 943.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.35000
----------------------------------------------------------------
0 0031290711 MORTGAGORS: SMITH DEAN
SMITH DENISE
REGION CODE ADDRESS : 179 BURLINGTON AVENUE
01 CITY : SPOTSWOOD
STATE/ZIP : NJ 08884
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 889.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.07600
----------------------------------------------------------------
0 0031290950 MORTGAGORS: SUDOWSKY RICHARD
SUDOWSKY KATHY
REGION CODE ADDRESS : 24 RIVERDALE AVENUE
01 CITY : MONMOUTH BEACH
STATE/ZIP : NJ 07750
MORTGAGE AMOUNT : 161,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 161,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,086.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 850,450.00
P & I AMT: 5,745.77
UPB AMT: 850,450.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031291107 MORTGAGORS: EIKENBERRY ERIC
EIKENBERRY KATHRYN
REGION CODE ADDRESS : 31 SPIKED RUSH COURT
01 CITY : SKILLMAN
STATE/ZIP : NJ 08558
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,672.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.49100
----------------------------------------------------------------
0 0031291438 MORTGAGORS: FOLEY MARY
DODD CATHERINE
REGION CODE ADDRESS : 961-63 DUNCAN STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 518,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,005.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,580.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031291792 MORTGAGORS: POWERS KENNETH
POWERS MARYANN
REGION CODE ADDRESS : 41 RENEE LANE
01 CITY : FALMOUTH
STATE/ZIP : MA 02540
MORTGAGE AMOUNT : 127,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 888.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.96900
----------------------------------------------------------------
0 0031291859 MORTGAGORS: BREGMAN DAVID
DECKOFF ELLEN
REGION CODE ADDRESS : 12 BLACKHOUSE ROAD
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 145,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,875.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 940.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 46.68600
----------------------------------------------------------------
0 0031292402 MORTGAGORS: ELAKBANI MORAD
ELAKBANI BETH ANN
REGION CODE ADDRESS : 7 WREN WAY
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 172,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,173.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.19100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,400.00
P & I AMT: 9,552.19
UPB AMT: 1,391,553.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031292451 MORTGAGORS: GIPSON ROY
GIPSON KAYLA
REGION CODE ADDRESS : 53 MITCHELL AVENUE
01 CITY : EAST BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 159,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,071.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.89900
----------------------------------------------------------------
0 0031292667 MORTGAGORS: DIBELLA FRANK
DIBELLA MAUREEN
REGION CODE ADDRESS : 2066 CONESTOGA ROAD
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 237,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,123.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.54800
----------------------------------------------------------------
0 0031292691 MORTGAGORS: BONELLI ANTHONY
BONELLI DEBRA
REGION CODE ADDRESS : VILLAGE ROAD
01 CITY : HARDING TOWNSHIP
STATE/ZIP : NJ 07976
MORTGAGE AMOUNT : 890,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 889,322.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,147.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 55.62500
----------------------------------------------------------------
0 0031293632 MORTGAGORS: MALINOSKY CHERYL
SOHN ANDREW
REGION CODE ADDRESS : 2701 NOYES STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 193,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,320.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.95800
----------------------------------------------------------------
0 0031293772 MORTGAGORS: MCDONALD CLAUDIA
REGION CODE ADDRESS : 119 SPRING STREET
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35213
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.64600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,839,800.00
P & I AMT: 12,714.65
UPB AMT: 1,838,679.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031293947 MORTGAGORS: DANSBY EDDIE
DANSBY LILLIE
REGION CODE ADDRESS : 5070 LAKE CREST CIRCLE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35226
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,386.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031294077 MORTGAGORS: MCFARLAND GARY
MCFARLAND ISABEL
REGION CODE ADDRESS : 6217 SURFCOVE CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,077.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.19444
----------------------------------------------------------------
0 0031294325 MORTGAGORS: REISMAN A
REISMAN LISA
REGION CODE ADDRESS : 7620 WOLF BROOK DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,794.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.85365
----------------------------------------------------------------
0 0031294333 MORTGAGORS: DOLAN DAVID
DOLAN MARY
REGION CODE ADDRESS : 4518 ALLENCREST LANE
01 CITY : DALLAS
STATE/ZIP : TX 75244
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,812.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031294358 MORTGAGORS: FRYER KEITH
FRYER RHONDA
REGION CODE ADDRESS : 14435 EIGHTEENTH FAIRWAY
01 CITY : ALPHARETTA
STATE/ZIP : GA 30201
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,821.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.37037
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,150.00
P & I AMT: 9,216.10
UPB AMT: 1,345,892.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031294374 MORTGAGORS: HENRY DESLEY
HENRY COLLEEN
REGION CODE ADDRESS : 12906 CREAMERY HILL DRIVE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,816.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 93.91600
----------------------------------------------------------------
0 0031294424 MORTGAGORS: LIPOMANIS GLENN
REGION CODE ADDRESS : 458 FOOTHILL ROAD
01 CITY : BRIDGEWATER TOWNSHIP
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031295298 MORTGAGORS: GREIFF JAMES
ROSS JILL
REGION CODE ADDRESS : 16 HART AVENUE
01 CITY : HOPEWELL
STATE/ZIP : NJ 08525
MORTGAGE AMOUNT : 159,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,084.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.66600
----------------------------------------------------------------
0 0031295561 MORTGAGORS: KLIMENKO ALEXANDRE
KLIMENKO ELENA
REGION CODE ADDRESS : 545 BOXFORD STREET
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031295611 MORTGAGORS: VICK ROBERT
VICK SUZANNE
REGION CODE ADDRESS : 25 DOVER CIRCLE
01 CITY : FRANKLIN
STATE/ZIP : MA 02038
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,190,000.00
P & I AMT: 8,293.57
UPB AMT: 1,189,629.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031296031 MORTGAGORS: WOLNIEWICZ RICHARD
WOLNIEWICZ GRETEL
REGION CODE ADDRESS : 5741 PROSPECT ROAD
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 644,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 643,041.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,502.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031296163 MORTGAGORS: PAO HONG
CHEUNG HSIAO
REGION CODE ADDRESS : 6 WARRIOR WAY
01 CITY : PARSIPPANY
STATE/ZIP : NJ 07054
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,521.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.33300
----------------------------------------------------------------
0 0031296189 MORTGAGORS: SHENKAR ALEXANDER
SHENKAR ELLA
REGION CODE ADDRESS : 2007 KNIGHTS COURT
01 CITY : ALLEN
STATE/ZIP : TX 75013
MORTGAGE AMOUNT : 120,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,057.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 810.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031296197 MORTGAGORS: WARSHAW PETER
WARSHAW MAUREEN
REGION CODE ADDRESS : 42 ROBIN COURT
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 203,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,384.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.60700
----------------------------------------------------------------
0 0031296338 MORTGAGORS: CAPORASO DAVID
CAPORASO MARIE
REGION CODE ADDRESS : 601 BLACK OAK RIDGE RD.
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 867.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.15100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,314,250.00
P & I AMT: 9,086.21
UPB AMT: 1,313,098.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031296817 MORTGAGORS: SCUDILLO JEFFREY
SCUDILLO MARGO
REGION CODE ADDRESS : 1412 ALPS ROAD
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,780.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.82100
----------------------------------------------------------------
0 0031297419 MORTGAGORS: MCCORMICK MICHAEL
MCCORMICK ELIZABETH
REGION CODE ADDRESS : 13012 PINGRY PLACE
01 CITY : ST. LOUIS
STATE/ZIP : MO 63131
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,967.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,883.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031297435 MORTGAGORS: SMITH KENNETH
SMITH CYNTHIA
REGION CODE ADDRESS : 34 BALFOUR STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031298052 MORTGAGORS: COE CATHY
REGION CODE ADDRESS : 130 SEQUOIA DRIVE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,799.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.47400
----------------------------------------------------------------
0 0031298755 MORTGAGORS: DUNN DAVID
DUNN CAROL
REGION CODE ADDRESS : 20 GLENDALE AVENUE
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.32300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,478,000.00
P & I AMT: 10,221.11
UPB AMT: 1,476,547.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031298821 MORTGAGORS: ZEILER DAVID
ZEILER ARLENE
REGION CODE ADDRESS : 112 SLEEPY POINT WAY
01 CITY : SUFFOLK
STATE/ZIP : VA 23435
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,637.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.85500
----------------------------------------------------------------
0 0031298870 MORTGAGORS: FEDERER CHARLES
REGION CODE ADDRESS : 215 B PITKIN STREET
01 CITY : FRISCO
STATE/ZIP : CO 80443
MORTGAGE AMOUNT : 263,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,714.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031299084 MORTGAGORS: NOONAN RAYMOND
NOONAN PATRICIA
REGION CODE ADDRESS : 170 WORTH ST.
01 CITY : BRICK
STATE/ZIP : NJ 08724
MORTGAGE AMOUNT : 136,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 927.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.16092
----------------------------------------------------------------
0 0031299191 MORTGAGORS: HUSKO THOMAS
HUSKO NANCI
REGION CODE ADDRESS : 19 LAKE DRIVE
01 CITY : ROOSEVELT
STATE/ZIP : NJ 08555
MORTGAGE AMOUNT : 122,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 811.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.70900
----------------------------------------------------------------
0 0031299324 MORTGAGORS: GRAY JAMES
GRAY HOPE
REGION CODE ADDRESS : 27 SAMANTHA DRIVE
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 196,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,337.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 958,920.00
P & I AMT: 6,582.69
UPB AMT: 956,351.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031299449 MORTGAGORS: COGAN PAUL
COGAN ERIN
REGION CODE ADDRESS : 946 QUINCY DR.
01 CITY : BRICK
STATE/ZIP : NJ 08724
MORTGAGE AMOUNT : 106,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 723.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.33300
----------------------------------------------------------------
0 0031299498 MORTGAGORS: BERGH ROBERT
REGION CODE ADDRESS : 6708 EAST EL SALVADOR STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 183,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 182,959.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,360.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031299530 MORTGAGORS: ACCISANO JOHN
ACCISANO LINDA
REGION CODE ADDRESS : 120 GUDZ RD
01 CITY : LAKEWOOD
STATE/ZIP : NJ 08701
MORTGAGE AMOUNT : 108,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 853.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031299613 MORTGAGORS: HUM FRANKLIN
HUM MARY
REGION CODE ADDRESS : 13118 CURVED IRON ROAD
01 CITY : HERNDON
STATE/ZIP : VA 20171
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031299662 MORTGAGORS: GONG ROBERT
SHIMASAKI GONG JILL
REGION CODE ADDRESS : 3361 JERICHO LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.29268
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 945,200.00
P & I AMT: 6,793.94
UPB AMT: 944,557.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031299688 MORTGAGORS: BERCOVICI ERIC
BERCOVICI CHIHO
REGION CODE ADDRESS : 44-137B KAUINOHEA PLACE
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,821.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.21200
----------------------------------------------------------------
0 0031299720 MORTGAGORS: GREGORY SCOTT
LAURENT PAMELA
REGION CODE ADDRESS : 287 COUNTRYHAVEN ROAD
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,808.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 895.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.50300
----------------------------------------------------------------
0 0031299860 MORTGAGORS: ALAIMO CHERYL
REGION CODE ADDRESS : 218 ONIZUKA COURT
01 CITY : SOMERSET
STATE/ZIP : NJ 08873
MORTGAGE AMOUNT : 118,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 825.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 92.91338
----------------------------------------------------------------
0 0031299910 MORTGAGORS: BARMATZ MARTIN
SMALL CAROLYN
REGION CODE ADDRESS : 2304 PICKENS CANYON ROAD
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,769.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.80500
----------------------------------------------------------------
0 0031299936 MORTGAGORS: CARELLA-SIGNOR ALYCE
REGION CODE ADDRESS : 125 FOXCRAFT ROAD
01 CITY : WEST HARTFORD
STATE/ZIP : CT 06119
MORTGAGE AMOUNT : 101,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,856.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 723.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 43.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 870,000.00
P & I AMT: 6,007.06
UPB AMT: 869,255.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031300155 MORTGAGORS: HOLMAN JOHN
REGION CODE ADDRESS : 27 ASPEN ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02166
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 : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0031300361 MORTGAGORS: MCGUIRK RICHARD
MCGUIRK SUZANNE
REGION CODE ADDRESS : 7 ALBRIGHT CIRCLE
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.03200
----------------------------------------------------------------
0 0031300783 MORTGAGORS: YASKO JOHN
YASKO VICTORIA
REGION CODE ADDRESS : 2297 LA MER COURT
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,403.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.87500
----------------------------------------------------------------
0 0031301088 MORTGAGORS: MADIGAN THOMAS
MADIGAN CAROL
REGION CODE ADDRESS : 774 AZALEA DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 102,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,862.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 748.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.69100
----------------------------------------------------------------
0 0031301393 MORTGAGORS: LOIACONO FRANK
LOIACONO MARILYN
REGION CODE ADDRESS : 1050 GROVE STREET
01 CITY : FLORENCE
STATE/ZIP : NJ 08518
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 632.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 72.99270
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,066,600.00
P & I AMT: 7,100.89
UPB AMT: 1,065,947.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031301419 MORTGAGORS: KUBIN BRIAN
SAGGAT LINDA
REGION CODE ADDRESS : 11 STELLE ROAD
01 CITY : CHESTERFIELD
STATE/ZIP : NJ 08505
MORTGAGE AMOUNT : 127,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 802.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 70.55500
----------------------------------------------------------------
0 0031301443 MORTGAGORS: HORNER PATRICK
HORNER SHERRY
REGION CODE ADDRESS : 15 HANOVER DRIVE
01 CITY : COOKSTOWN
STATE/ZIP : NJ 08511
MORTGAGE AMOUNT : 94,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 601.90 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 75.20000
----------------------------------------------------------------
0 0031301633 MORTGAGORS: FICARRA CHARLES
FICARRA DOLORES
REGION CODE ADDRESS : 13 SURREY DRIVE
01 CITY : TRENTON
STATE/ZIP : NJ 08690
MORTGAGE AMOUNT : 106,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 829.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.61100
----------------------------------------------------------------
0 0031301740 MORTGAGORS: REMEDIOS PETER
REMEDIOS CHRISTINE
REGION CODE ADDRESS : 929 ELIZABETH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,733.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.85200
----------------------------------------------------------------
0 0031301948 MORTGAGORS: HALBERT KEVIN
HALBERT CHARLENE
REGION CODE ADDRESS : 9827 NORTH THORNAPPLE LANE
01 CITY : MEQUON
STATE/ZIP : WI 53092
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 944,000.00
P & I AMT: 6,438.36
UPB AMT: 943,516.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031302243 MORTGAGORS: PADWAL ASH
JACKSON NANCY
REGION CODE ADDRESS : 3485 FOREST AVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 303,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,813.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031302409 MORTGAGORS: STUART BRUCE
STUART LYNNE
REGION CODE ADDRESS : 704 S SHARP STREET
01 CITY : BALTIMORE
STATE/ZIP : MD 21230
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,540.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031302466 MORTGAGORS: HIRIS RICHARD
HIRIS ELOISE
REGION CODE ADDRESS : 23 LINDEN AVENUE
01 CITY : VERONA
STATE/ZIP : NJ 07044
MORTGAGE AMOUNT : 114,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 114,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 909.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.62160
----------------------------------------------------------------
0 0031302615 MORTGAGORS: RIZVI SYED
REGION CODE ADDRESS : 14935 HESBY STREET
01 CITY : SHERMAN OAKS AREA
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,350.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 78.62000
----------------------------------------------------------------
0 0031302623 MORTGAGORS: VOORHEES THOMAS
VOORHEES ELEANOR
REGION CODE ADDRESS : 10 GLEN VIEW DRIVE
01 CITY : CLINTON
STATE/ZIP : NJ 08801
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.38400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,173,300.00
P & I AMT: 8,253.08
UPB AMT: 1,171,703.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031302631 MORTGAGORS: KUBICKI WILLIAM
KUBICKI PRISCILLA
REGION CODE ADDRESS : 49 SHOWERS DRIVE F436
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,288.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031302821 MORTGAGORS: BROCK DAVID
BROCK YVONNE
REGION CODE ADDRESS : 202 MONTEBELLO AVENUE #13
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 280,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,614.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
0 0031303647 MORTGAGORS: BARGER JOSEPH
GIACOMELLI REGINA
REGION CODE ADDRESS : 840 HIDDEN POND COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 386,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,520.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,737.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.36000
----------------------------------------------------------------
0 0031303811 MORTGAGORS: KAMENS EDWARD
MILLER MARY
REGION CODE ADDRESS : 16 BEECHWOOD ROAD
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,795.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.53700
----------------------------------------------------------------
0 0031303944 MORTGAGORS: SANABRIA CARLOS
DUNCAN DEBRA
REGION CODE ADDRESS : 3250 N. BITTERSWEET CIRCLE
01 CITY : WESTBEND
STATE/ZIP : WI 53095
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,824.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.71400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,000.00
P & I AMT: 9,832.10
UPB AMT: 1,397,043.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031304470 MORTGAGORS: NEHRING MARK
NEHRING PAMELA
REGION CODE ADDRESS : 102 LAKE POINTE DR
01 CITY : MCHENRY
STATE/ZIP : MD 22842
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,750.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031304678 MORTGAGORS: LIPSON SCOTT
LI NANCY
REGION CODE ADDRESS : 5672 WINDCROFT DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,516.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,856.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031304785 MORTGAGORS: BAKER CHRISTOPHER
BAKER JOSEPHINE
REGION CODE ADDRESS : 2 SCOTT HILL ROAD
01 CITY : IPSWICH
STATE/ZIP : MA 01938
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031305030 MORTGAGORS: RANDAZZO BRUCE
RANDAZZO MERYL
REGION CODE ADDRESS : 1428 HAMPTON ROAD
01 CITY : RYDAL
STATE/ZIP : PA 19046
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031305527 MORTGAGORS: GIDEON RICHARD
GIDEON DIANE
REGION CODE ADDRESS : 156 FISHER PLACE
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,454.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.40300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,550,000.00
P & I AMT: 11,003.91
UPB AMT: 1,548,950.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031306160 MORTGAGORS: SULLIVAN DEBRA
REGION CODE ADDRESS : 118 WESTMINSTER AVENUE
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 165,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,139.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031306228 MORTGAGORS: STRONG KENNETH
REGION CODE ADDRESS : 617 22ND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031306525 MORTGAGORS: NEIL JENNIFER
COSTA TIMOTHY
REGION CODE ADDRESS : 5188 CHESNEY GLEN DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 193,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,437.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,271.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031307176 MORTGAGORS: COHEN STEVEN
COHEN DANA
REGION CODE ADDRESS : 3363 OLD MILL ROAD
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031307358 MORTGAGORS: KAM RICHARD
KAM PAULETTE
REGION CODE ADDRESS : 4353 NOGALES DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,236.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,302.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.80850
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,100.00
P & I AMT: 9,824.79
UPB AMT: 1,435,461.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031307879 MORTGAGORS: BOURGEOIS DOSS
BOURGEOIS SALLY
REGION CODE ADDRESS : 419 WEST FARREL ROAD
01 CITY : LAFAYETTE
STATE/ZIP : LA 70508
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.76700
----------------------------------------------------------------
0 0031308034 MORTGAGORS: PRATT WALTER
SHERBIN VANDY
REGION CODE ADDRESS : 3835 NE 95TH ST
01 CITY : SEATTLE
STATE/ZIP : WA 98115
MORTGAGE AMOUNT : 242,955.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,222.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031308083 MORTGAGORS: ROYE PAUL
HOWELL CYNTHIA
REGION CODE ADDRESS : 11220 DEVERAUX MANOR LANE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031308364 MORTGAGORS: QUINN JOHN
QUINN SUSAN
REGION CODE ADDRESS : 21 PINE ROAD
01 CITY : BEVERLY
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 149,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,045.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.94600
----------------------------------------------------------------
0 0031308422 MORTGAGORS: GREEN ANDREW
GREEN SUSAN
REGION CODE ADDRESS : 1295 CENTRAL AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 317,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,052.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.97800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,481,755.00
P & I AMT: 10,199.29
UPB AMT: 1,480,187.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031308554 MORTGAGORS: GENZ WENDY
REGION CODE ADDRESS : 7810 YORKTOWN PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,810.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031308661 MORTGAGORS: CHOI DUCKSANG
CHOI MIRYUNG
REGION CODE ADDRESS : 6131 S. HANOVER STREET
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031309313 MORTGAGORS: GARDNER WILLIAM
GARDNER ROSE
REGION CODE ADDRESS : 1061 EVE LANE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,811.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.91000
----------------------------------------------------------------
0 0031309339 MORTGAGORS: EATON CLAUDIA
REGION CODE ADDRESS : 6034 BUFFALO STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 280,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,286.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031309388 MORTGAGORS: HALSEMA AILLIL
LINNELL CAROL
REGION CODE ADDRESS : 3040 MIDVALE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,500.00
P & I AMT: 9,932.02
UPB AMT: 1,426,689.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031309412 MORTGAGORS: AMERI ALIREZA
AMERI GUITY
REGION CODE ADDRESS : 24291 CATALUA CIRCLE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031309842 MORTGAGORS: VELASQUEZ RALPH
GUZZETTA-VELASQUEZ LETECIA
REGION CODE ADDRESS : 1479 MCDANIEL AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95126
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,696.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.53424
----------------------------------------------------------------
0 0031310063 MORTGAGORS: KIRK PHILIP
KIRK ELIZABETH
REGION CODE ADDRESS : 20021 NORTHEAST 39TH LANE
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,225.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,566.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 250
LTV : 77.41900
----------------------------------------------------------------
0 0031310097 MORTGAGORS: JACKSON DWAIN
WILLIAMS TONYA
REGION CODE ADDRESS : 6922 KNOWLTON PLACE # 303
01 CITY : WESTCHESTER AREA
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 157,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,129.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,074.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031310188 MORTGAGORS: ARMENTA RICHARD
BAILEY SUSAN
REGION CODE ADDRESS : 642 NORTH COSTELLO PLACE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 290,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,668.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,028.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.36000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,700.00
P & I AMT: 9,204.93
UPB AMT: 1,317,111.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031311566 MORTGAGORS: KERNS MARSHA
REGION CODE ADDRESS : 20 OCEAN PARK BOULEVARD #22
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,150.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,298.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.61960
----------------------------------------------------------------
0 0031311764 MORTGAGORS: BASHUK DENNIS
BASHUK ADRIENNE
REGION CODE ADDRESS : 6 RUNNINGBROOK
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,759.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031311996 MORTGAGORS: MITCHELL DEBORAH
REGION CODE ADDRESS : 4403 GRANGER STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.76700
----------------------------------------------------------------
0 0031312424 MORTGAGORS: GROSS THOMAS
GROSS ELLEN
REGION CODE ADDRESS : 3974 RYANS LAKE TERRACE
01 CITY : CUMMING
STATE/ZIP : GA 30040
MORTGAGE AMOUNT : 252,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,502.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031312622 MORTGAGORS: MISNER JOHN
MISNER KELLEY
REGION CODE ADDRESS : 24325 SOUTHEAST 46TH WAY
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,108.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.69200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,753,200.00
P & I AMT: 12,396.20
UPB AMT: 1,751,304.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031312762 MORTGAGORS: FIELD RICHARD
FIELD CANDIS
REGION CODE ADDRESS : 4885 SUNBEAM LANE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,456.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.17800
----------------------------------------------------------------
0 0031312820 MORTGAGORS: ROGERS KIMBERLY
REGION CODE ADDRESS : 91 TOWNSEND STREET
01 CITY : PEPPERELL
STATE/ZIP : MA 01463
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 673.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 45.04500
----------------------------------------------------------------
0 0031312861 MORTGAGORS: NICHOLAS HENRY
NICHOLAS STACEY
REGION CODE ADDRESS : 25476 RODEO CIRCLE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 633,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 633,093.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,268.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.41100
----------------------------------------------------------------
0 0031312879 MORTGAGORS: TORMEY JEFFREY
REGION CODE ADDRESS : 4925 CHATSWORTH LANE
01 CITY : SUWANEE
STATE/ZIP : GA 30024
MORTGAGE AMOUNT : 165,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 165,470.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,129.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031312903 MORTGAGORS: NEMANICH RICHARD
NEMANICH KATHERINE
REGION CODE ADDRESS : 2137 BRUMMEL STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60202
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 552.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.17200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,200.00
P & I AMT: 9,176.76
UPB AMT: 1,343,020.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031313000 MORTGAGORS: BROWN NEAL
EMMONS LAURA
REGION CODE ADDRESS : 30 STANLEY ROAD
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.54000
----------------------------------------------------------------
0 0031313141 MORTGAGORS: BEHN MICHAEL
REGION CODE ADDRESS : 5228 VANTAGE AVENUE # 5
01 CITY : LOS ANGELES
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 116,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,380.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 824.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031313505 MORTGAGORS: INGRAM JAYNE
REGION CODE ADDRESS : 315 EAST 68TH STREET #11R
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 112,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 773.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.65900
----------------------------------------------------------------
0 0031313620 MORTGAGORS: ADAMS MILTON
REGION CODE ADDRESS : 4 APEL AVENUE
01 CITY : SPRINGFIELD TOWNSHIP
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 118,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,716.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 851.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031313745 MORTGAGORS: TOLAND OWEN
TOLAND KATHERINE
REGION CODE ADDRESS : 8 ALTA VISTA DRIVE
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,381.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.79600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 784,150.00
P & I AMT: 5,507.02
UPB AMT: 783,896.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031314289 MORTGAGORS: LACY TROY
LACY LEE MARVA
REGION CODE ADDRESS : 8500 SOUTH KACHINA DRIVE
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,751.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031314396 MORTGAGORS: LEIGH SCOTT
REGION CODE ADDRESS : 25790 DURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 248,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,655.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031314461 MORTGAGORS: BADAL GREGORY
REGION CODE ADDRESS : 19 QUAIL COURT
01 CITY : BRENTWOOD
STATE/ZIP : CA 94513
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,278.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031314560 MORTGAGORS: ENG NANCY
ENG JACKIE
REGION CODE ADDRESS : 25598 CRESTFIELD CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 340,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,084.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031314719 MORTGAGORS: BARNETT GLENN
REGION CODE ADDRESS : 12833 S ELK CREEK ROAD
01 CITY : PINE
STATE/ZIP : CO 80470
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,781.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,450.00
P & I AMT: 10,507.59
UPB AMT: 1,522,552.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031314784 MORTGAGORS: POITRAS DAVID
POITRAS PASCALE
REGION CODE ADDRESS : 27401 RAINBOW RIDGE ROAD
01 CITY : PALOS VERDES ESTATES AREA
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,256.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.20200
----------------------------------------------------------------
0 0031314867 MORTGAGORS: MATTHEWS GEORGE
MATTHEWS MARGO
REGION CODE ADDRESS : 27092 COLUMBIA COURT
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031315112 MORTGAGORS: WILDE SALLY
WILDE PETER
REGION CODE ADDRESS : 41 SPOONER ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 36.58500
----------------------------------------------------------------
0 0031315229 MORTGAGORS: ALLIK TIMOTHY
RASKIN MARJORIE
REGION CODE ADDRESS : 8 SAWIN STRRET
01 CITY : NATICK
STATE/ZIP : MA 01760
MORTGAGE AMOUNT : 153,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,009.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031315237 MORTGAGORS: CUNHA JOHN
CUNHA CYNTHIA
REGION CODE ADDRESS : 11 HOMESTEAD STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 221,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,451.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.91500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,600.00
P & I AMT: 10,067.86
UPB AMT: 1,455,432.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031315260 MORTGAGORS: WALSH MICHAEL
WALSH ROBIN
REGION CODE ADDRESS : 2 HICKORY LANE
01 CITY : GEORGETOWN
STATE/ZIP : MA 01833
MORTGAGE AMOUNT : 239,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,920.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031315401 MORTGAGORS: DONALD MARIAN
REGION CODE ADDRESS : 33 NED'S POINT ROAD
01 CITY : MATTAPOISETT
STATE/ZIP : MA 02739
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,468.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.23900
----------------------------------------------------------------
0 0031315757 MORTGAGORS: POSNER DONNA
REGION CODE ADDRESS : 52 SPRINGHOLM DRIVE
01 CITY : BERKELEY HEIGHTS
STATE/ZIP : NJ 07922
MORTGAGE AMOUNT : 147,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,008.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031316375 MORTGAGORS: MARTIN FRANKLIN
MARTIN CONNIE
REGION CODE ADDRESS : 1373 SIERRA DRIVE
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,226.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031316524 MORTGAGORS: WAYMAN KENNETH
MCAULIFFE CATHERINE
REGION CODE ADDRESS : 2652 SAMS CREEK ROAD
01 CITY : NEW WINDSOR
STATE/ZIP : MD 21776
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.05800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,090,220.00
P & I AMT: 7,625.02
UPB AMT: 1,090,046.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031316532 MORTGAGORS: O' CONNELL JAMES
O' CONNELL ELIZABETH
REGION CODE ADDRESS : 3319 SAWMILL ROAD
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 34.72200
----------------------------------------------------------------
0 0031316581 MORTGAGORS: FIROOZTALEH HAMID
REGION CODE ADDRESS : 11955 FOXBORO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 545,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,205.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,861.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031316631 MORTGAGORS: DEAHR HOWARD
MCGRAIL KATHLENE
REGION CODE ADDRESS : 17 PERCY ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.51800
----------------------------------------------------------------
0 0031316854 MORTGAGORS: FERREE THURMAN
FERREE GEORGIA
REGION CODE ADDRESS : 1 EQUISTRIAN COURT
01 CITY : GLEN CARBON
STATE/ZIP : IL 62034
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,515.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.54200
----------------------------------------------------------------
0 0031316961 MORTGAGORS: RAPPOPORT SCOTT
RAPPOPORT BETH
REGION CODE ADDRESS : 9 FOXGLOVE DRIVE
01 CITY : WARREN
STATE/ZIP : NJ 07059
MORTGAGE AMOUNT : 474,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,233.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,933,600.00
P & I AMT: 13,340.81
UPB AMT: 1,932,915.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031316995 MORTGAGORS: EPPINGER MICHAEL
EPPINGER CELESTE
REGION CODE ADDRESS : 13 HARWICK DRIVE
01 CITY : MERCERVILLE
STATE/ZIP : NJ 08619
MORTGAGE AMOUNT : 108,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 877.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031317456 MORTGAGORS: ROGERS CHARLES
REGION CODE ADDRESS : 205 SHEWVILLE ROAD
01 CITY : GROTON
STATE/ZIP : CT 06340
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031317464 MORTGAGORS: NAPEAR GRANT
REGION CODE ADDRESS : 4853 DALEWOOD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 296,188.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,956.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00021
----------------------------------------------------------------
0 0031317555 MORTGAGORS: STAUDER MARY
REGION CODE ADDRESS : 4925 SARATOGA AVENUE
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60515
MORTGAGE AMOUNT : 115,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 765.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 56.09700
----------------------------------------------------------------
0 0031317936 MORTGAGORS: BASSERI EBRAHIM
BASSERI VALENTIN
REGION CODE ADDRESS : 336 S SMOKERIDGE TERRACE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,378.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,189,088.00
P & I AMT: 8,365.35
UPB AMT: 1,188,235.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031317951 MORTGAGORS: DUNBAR RICHARD
DUNBAR KIM
REGION CODE ADDRESS : 6025 WOODLAKE LANE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 244,315.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,315.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.34800
----------------------------------------------------------------
0 0031318090 MORTGAGORS: BLAKE PAUL
BENNETT MARK
REGION CODE ADDRESS : 31 ALSTON PLACE
01 CITY : MONTECITO
STATE/ZIP : CA 93108
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,630.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,609.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031318686 MORTGAGORS: SCHULTZ FRANK
SCHULTZ JOANNIE
REGION CODE ADDRESS : 156 SOUTH AVENIDA FELIPE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 267,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,911.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.19500
----------------------------------------------------------------
0 0031319908 MORTGAGORS: STUBBS THOMAS
STUBBS MARY
REGION CODE ADDRESS : 2875 TOWNE VILLAGE DRIVE
01 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031320054 MORTGAGORS: BAUGH CLARENCE
BAUGH JAYNE
REGION CODE ADDRESS : 2084 DEER CREEK COUNTRY CLUB BLVD
01 CITY : DEERFIELD BEACH
STATE/ZIP : FL 33442
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,807.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,514,615.00
P & I AMT: 10,718.80
UPB AMT: 1,513,495.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031320237 MORTGAGORS: SILVER SCOTT
KEPES JANICE
REGION CODE ADDRESS : 5347 ALDEA AVENUE
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,573.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,020.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.87500
----------------------------------------------------------------
0 0031320369 MORTGAGORS: TOWNSEND DANA
BAX PATRICIA
REGION CODE ADDRESS : 220 KENSINGTON ROAD
01 CITY : HAMPTON FALLS
STATE/ZIP : NH 03844
MORTGAGE AMOUNT : 202,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 201,850.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,412.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 60.29800
----------------------------------------------------------------
0 0031320807 MORTGAGORS: FEY EDWARD
BOSTWICK ANNETTE
REGION CODE ADDRESS : 5646 36TH AVENUE SOUTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98126
MORTGAGE AMOUNT : 257,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,698.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.00200
----------------------------------------------------------------
0 0031321268 MORTGAGORS: LEVENSON PAUL
REGION CODE ADDRESS : 214 BEACON STREET
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 564,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 563,611.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,089.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031321300 MORTGAGORS: HARRISON NINA
REGION CODE ADDRESS : 85 EAST INDIA ROW UNIT PH G
01 CITY : BOSTON
STATE/ZIP : MA 02110
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,764.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.89600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,908,900.00
P & I AMT: 13,422.74
UPB AMT: 1,907,498.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031321334 MORTGAGORS: WEISMAN MITCHELL
WEISMAN ANNMARIE
REGION CODE ADDRESS : 6 LAMANCHA WAY
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,307.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.44600
----------------------------------------------------------------
0 0031321359 MORTGAGORS: TAO LIANG
WANG MAO
REGION CODE ADDRESS : 183 HIGH STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031321490 MORTGAGORS: SHERWOOD DAVID
SHERWOOD JEANNE
REGION CODE ADDRESS : 1989 BARLEY ROAD
01 CITY : MARRIOTTSVILLE
STATE/ZIP : MD 21104
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,818.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.17900
----------------------------------------------------------------
0 0031322274 MORTGAGORS: HEALD PAUL
HEALD VIRGINIA
REGION CODE ADDRESS : 5537 STACY COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,302.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.90000
----------------------------------------------------------------
0 0031322308 MORTGAGORS: DALTON RICHARD
DALTON LINDA
REGION CODE ADDRESS : 6111 PERSHING AVENUE
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60516
MORTGAGE AMOUNT : 92,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 92,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 615.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,179,000.00
P & I AMT: 8,086.57
UPB AMT: 1,178,428.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031322316 MORTGAGORS: SIMCIK DAVID
SIMCIK BRENDA
REGION CODE ADDRESS : 5 S 023 ST. ANDREWS COURT
01 CITY : NAPERVILLE
STATE/ZIP : IL 60563
MORTGAGE AMOUNT : 98,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 98,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 655.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.62100
----------------------------------------------------------------
0 0031323033 MORTGAGORS: MCKIM ROBERT
REGION CODE ADDRESS : 716 WALNUT AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,410.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,980.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031323611 MORTGAGORS: SESSIONS CHAD
SESSIONS HOLLIE
REGION CODE ADDRESS : 34210 N.W. 41ST. AVENUE
01 CITY : RIDGEFIELD
STATE/ZIP : WA 98642
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,041.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031323710 MORTGAGORS: MARBLE JOHN
VAUGHEY KAREN
REGION CODE ADDRESS : 1640 SANTA BARBARA AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,401.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.17140
----------------------------------------------------------------
0 0031324163 MORTGAGORS: GROTE ANNE
REGION CODE ADDRESS : 4 LEEWOOD ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 867.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 33.80200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,189,350.00
P & I AMT: 8,406.03
UPB AMT: 1,188,354.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031324171 MORTGAGORS: LEIBERMAN NEIL
LEIBERMAN CARRIE
REGION CODE ADDRESS : 1478 BEACON STREET
01 CITY : NEWTON
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,373.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 33.92800
----------------------------------------------------------------
0 0031324205 MORTGAGORS: CORNWELL J
CORNWELL STEPHANIE
REGION CODE ADDRESS : 21 WESTWIND COURT
01 CITY : SALEM
STATE/ZIP : SC 29676
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,951.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031324270 MORTGAGORS: BURZINSKI GREGORY
BURZINSKI CARA
REGION CODE ADDRESS : 11 BEAR PATH
01 CITY : HAMPTON
STATE/ZIP : NH 03842
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.38700
----------------------------------------------------------------
0 0031324338 MORTGAGORS: AYLWARD JAMES
MOORE ANN
REGION CODE ADDRESS : 18 TOWER DRIVE
01 CITY : TWP. OF MAPLEWOOD
STATE/ZIP : NJ 07040
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.63100
----------------------------------------------------------------
0 0031324494 MORTGAGORS: BOND ANDREW
BOND HAYAM
REGION CODE ADDRESS : 6458 ASPENWOOD WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 257,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,506.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,462,900.00
P & I AMT: 10,274.66
UPB AMT: 1,461,251.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031324809 MORTGAGORS: MONTGOMERY JOHN
PINCEK ANN
REGION CODE ADDRESS : 3630 BLUEBELL STREET
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 263,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,187.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031324817 MORTGAGORS: SACKS ANTHONY
SACKS ELLEN
REGION CODE ADDRESS : 8490 CLIFFRIDGE LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 405,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,795.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,836.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.08800
----------------------------------------------------------------
0 0031324973 MORTGAGORS: BREBRIC THOMAS
BREBRIC REBECCA
REGION CODE ADDRESS : 263 NORTH AVENUE
01 CITY : WOOD RIDGE
STATE/ZIP : NJ 07075
MORTGAGE AMOUNT : 153,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,069.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.46100
----------------------------------------------------------------
0 0031325079 MORTGAGORS: CAFFREY EUGENE
CAFFREY LEANNE
REGION CODE ADDRESS : 27 WAVERLY PL.
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 151,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,030.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031325103 MORTGAGORS: BAYARSKY MICHAEL
BAYARSKY MARGIE
REGION CODE ADDRESS : 19376 LAMBETH CT
01 CITY : RIVERSIDE
STATE/ZIP : CA 92508
MORTGAGE AMOUNT : 139,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,029.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 952.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,112,900.00
P & I AMT: 7,687.12
UPB AMT: 1,111,062.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031325129 MORTGAGORS: SHERIFF E.
SHERIFF NANCY
REGION CODE ADDRESS : 18 MAPLEWOOD CIRCLE
01 CITY : FALMOUTH
STATE/ZIP : ME 04105
MORTGAGE AMOUNT : 315,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.55100
----------------------------------------------------------------
0 0031325319 MORTGAGORS: MIERZWA STEFAN
MIERZWA CYNTHIA
REGION CODE ADDRESS : 156 MOUNT PLEASANT AVE
01 CITY : EAST HANOVER
STATE/ZIP : NJ 07936
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,057.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.27200
----------------------------------------------------------------
0 0031325632 MORTGAGORS: KULBARSH LEE
KULBARSH PAMELA
REGION CODE ADDRESS : 3400 WOODLAND WAY
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,593.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031325889 MORTGAGORS: GORDON TIMOTHY
GORDON BELINDA
REGION CODE ADDRESS : 8718 TRUMBULL
01 CITY : SKOKIE
STATE/ZIP : IL 60203
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,575.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031326085 MORTGAGORS: MURPHY BRIAN
MURPHY STEPHANIE
REGION CODE ADDRESS : 3 RENWICK DRIVE
01 CITY : NORTON
STATE/ZIP : MA 02766
MORTGAGE AMOUNT : 136,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 928.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.95300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,095,600.00
P & I AMT: 7,723.12
UPB AMT: 1,095,193.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031326424 MORTGAGORS: CREEGAN ROBERT
CREEGAN MARY
REGION CODE ADDRESS : 23 BRENTWOOD ROAD
01 CITY : CHELMSFORD
STATE/ZIP : MA 01824
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 70,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 459.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 25.00000
----------------------------------------------------------------
0 0031326473 MORTGAGORS: WILLIAMS ROBERT
REGION CODE ADDRESS : 7542 CLIFTON ROAD
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.05400
----------------------------------------------------------------
0 0031326507 MORTGAGORS: BILBERRY RICK
BILBERRY KIMBRA
REGION CODE ADDRESS : 3627 FLORIAN STREET
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 273,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,241.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031326986 MORTGAGORS: IWAMOTO RODNEY
ANDREWS TINA
REGION CODE ADDRESS : 3745 EASTWOOD CIRCLE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031327745 MORTGAGORS: KAMHI NAT
KAMHI MICHIKO
REGION CODE ADDRESS : 40 HAVERMEYER LANE
01 CITY : GREENWICH
STATE/ZIP : CT 06870
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,012.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,150,650.00
P & I AMT: 7,972.57
UPB AMT: 1,149,838.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031328172 MORTGAGORS: LEVINSON DAVID
LEVINSON JEANNINE
REGION CODE ADDRESS : 1414 MONTAUK HIGHWAY
01 CITY : WATER MILL
STATE/ZIP : NY 11976
MORTGAGE AMOUNT : 318,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 84.98600
----------------------------------------------------------------
0 0031328354 MORTGAGORS: PERKINSON JOHN
REGION CODE ADDRESS : 1004 NORTH ROBIN LANE
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 148,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 148,414.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,168.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031328834 MORTGAGORS: LAIRDIESON FRANCIS
LAIRDIESON PAMELA
REGION CODE ADDRESS : LOT 2, 3653 PROVIDENCE ROAD
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,174.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.18600
----------------------------------------------------------------
0 0031329295 MORTGAGORS: NELSON DAVID
REGION CODE ADDRESS : 5235 N. RAVENSWOOD AVE. #28
01 CITY : CHICAGO
STATE/ZIP : IL 60640
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 690.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031329386 MORTGAGORS: YUAN XIAOZHEN
ZAHEDI SEAN
REGION CODE ADDRESS : 2108 ERNEST AVENUE #B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,785.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.05800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,125,600.00
P & I AMT: 7,994.43
UPB AMT: 1,125,074.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031329535 MORTGAGORS: SHAH KANCHAN
SHAH PURNIMA
REGION CODE ADDRESS : 20541 EAST CANDLER COURT
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,761.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.49300
----------------------------------------------------------------
0 0031330848 MORTGAGORS: VARON RIC
VARON DEBBIE
REGION CODE ADDRESS : 9660 RINDGE CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 283,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,978.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.57800
----------------------------------------------------------------
0 0031330921 MORTGAGORS: SHERRY TERRELL
SHERRY LINDA
REGION CODE ADDRESS : 2418 MILLBANK DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92867
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031331168 MORTGAGORS: WING MALCOLM
WING CINDY
REGION CODE ADDRESS : 14 POMPEII
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 295,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,120.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.31600
----------------------------------------------------------------
0 0031331473 MORTGAGORS: MULLIGAN MICHAEL
MULLIGAN BETH
REGION CODE ADDRESS : 483 5TH STREET
01 CITY : MONTARA
STATE/ZIP : CA 94037
MORTGAGE AMOUNT : 343,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,965.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,521,850.00
P & I AMT: 10,698.71
UPB AMT: 1,519,401.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031331564 MORTGAGORS: DERNBACH JOHN
DERNBACH KIRSTEN
REGION CODE ADDRESS : 11 ARGENTO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,611.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031331788 MORTGAGORS: GRASSER RICHARD
GRASSER BIRGITTA
REGION CODE ADDRESS : 15 NINA LANE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,934.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 79.61783
----------------------------------------------------------------
0 0031331796 MORTGAGORS: GARDINER MICHAEL
REGION CODE ADDRESS : 29 IRONWOOD
01 CITY : MISSIONO VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,297.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.83400
----------------------------------------------------------------
0 0031331903 MORTGAGORS: JOSEPH LISA
JOSEPH STUART
REGION CODE ADDRESS : 17 CRANBERRY CIRCLE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031332000 MORTGAGORS: FABISH ROBERT
FABISH DIANE
REGION CODE ADDRESS : 21820 NE 137TH ST
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.70100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,551,000.00
P & I AMT: 10,922.67
UPB AMT: 1,549,157.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031332018 MORTGAGORS: JOLLIN DAVID
JOLLIN JANICE
REGION CODE ADDRESS : 22 GOVERNOR LONG ROAD
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 997.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031332257 MORTGAGORS: REED HAROLD
REED PATRICIA
REGION CODE ADDRESS : 2207 WESTWOOD DRIVE
01 CITY : DENTON
STATE/ZIP : TX 76205
MORTGAGE AMOUNT : 54,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 54,510.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 394.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031332265 MORTGAGORS: QUACH HIEP
QUACH CARYL
REGION CODE ADDRESS : 1009 5TH AVENUE NORTH
01 CITY : SEATTLE
STATE/ZIP : WA 98109
MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,716.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031332299 MORTGAGORS: DORRELL PAUL
DORRELL MERRILYN
REGION CODE ADDRESS : 30725 NORTHEAST CANTER LANE
01 CITY : SHERWOOD
STATE/ZIP : OR 97140
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,035.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,194.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031332703 MORTGAGORS: CROWNINSHIELD JOANNE
REGION CODE ADDRESS : 19 HIGHLAND AVENUE
01 CITY : NORTH FALMOUTH
STATE/ZIP : MA 02556
MORTGAGE AMOUNT : 34,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 34,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 231.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 25.37300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,043,050.00
P & I AMT: 7,370.68
UPB AMT: 1,040,263.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031334196 MORTGAGORS: HOBBS GREGORY
HOBBS BARBARA
REGION CODE ADDRESS : 750 FRANKLIN STREET
01 CITY : DENVER
STATE/ZIP : CO 80218
MORTGAGE AMOUNT : 229,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,925.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.66500
----------------------------------------------------------------
0 0031334303 MORTGAGORS: ACHARYA MALAY
KARABI BHATTACHARYYA
REGION CODE ADDRESS : 2415 SANDBURG STREET
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,376.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031334311 MORTGAGORS: DE FRANCISCO DON
REGION CODE ADDRESS : 9 STILLWATER
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 513,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,128.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,634.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.18800
----------------------------------------------------------------
0 0031335011 MORTGAGORS: BARAN LISA
REGION CODE ADDRESS : 7417 NORTH TALMAN AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60645
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,414.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031335094 MORTGAGORS: NOTORLEVA KENNETH
NOTORLEVA NADINE
REGION CODE ADDRESS : 2 ALTA VISTA
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,200.00
P & I AMT: 10,101.44
UPB AMT: 1,469,037.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031335250 MORTGAGORS: GOLSHAN NASSER
ESFANDIARI MAHTASH
REGION CODE ADDRESS : 16405 WEST SUNSET BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 453,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 452,273.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,051.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.89400
----------------------------------------------------------------
0 0031335276 MORTGAGORS: AXTELL GERALD
AXTELL JEAN
REGION CODE ADDRESS : 27320 EASTVALE ROAD
01 CITY : PALOS VERDES PENINSULA
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,420.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.33300
----------------------------------------------------------------
0 0031335672 MORTGAGORS: ARNSTEIN JOHN
ARNSTEIN JILL
REGION CODE ADDRESS : 4827 OAK PARK AVENUE
01 CITY : LOS ANGELES (ENCINO AREA)
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,712.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031335714 MORTGAGORS: DEDEA DOUGLAS
DEDEA DEBORAH
REGION CODE ADDRESS : 1517 HERITAGE PLACE
01 CITY : GLENDORA
STATE/ZIP : CA 91740
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,610.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031335755 MORTGAGORS: VINCENT NICHOLAS
REGION CODE ADDRESS : 2105 PULLMAN LANE #B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 311,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,036.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,178.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.34200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,770,500.00
P & I AMT: 12,161.35
UPB AMT: 1,768,054.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031335987 MORTGAGORS: KRASTEIN GREGORY
KRASTEIN MARIANA
REGION CODE ADDRESS : 2120 VIA MONTECITO
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 334,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,313.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,369.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.71400
----------------------------------------------------------------
0 0031336084 MORTGAGORS: GANGER GARY
GANGER JULIE
REGION CODE ADDRESS : 4 MARIPOSA
01 CITY : DOVE CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,114.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.51600
----------------------------------------------------------------
0 0031336092 MORTGAGORS: TURLEY GERALD
TURLEY BERNARDINE
REGION CODE ADDRESS : 12125 POPES HEAD ROAD
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,749.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 66.33800
----------------------------------------------------------------
0 0031336100 MORTGAGORS: COUCH THOMAS
COUCH STEPHANIE
REGION CODE ADDRESS : 1692 MARYLAND STREET
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94701
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031336126 MORTGAGORS: WOODIN CHRISTOPHER
WOODIN JENNIFER
REGION CODE ADDRESS : 6 BRIDGE STREET
01 CITY : HAMILTON
STATE/ZIP : MA 01982
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 176,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,141.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,379,300.00
P & I AMT: 9,541.92
UPB AMT: 1,377,753.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031336217 MORTGAGORS: SUTTON BOBBY
SUTTON KARIN
REGION CODE ADDRESS : 10 VERSAILLE CIRCLE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 265,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,930.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 84.69600
----------------------------------------------------------------
0 0031336514 MORTGAGORS: VICK JONATHAN
VICK JULIE
REGION CODE ADDRESS : 9525 SHOSHONE AVENUE
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,001.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031336621 MORTGAGORS: GORDON WILLIAM
GORDON MICHELLE
REGION CODE ADDRESS : 30 RANGELEY STREET
01 CITY : DORCHESTER
STATE/ZIP : MA 02124
MORTGAGE AMOUNT : 144,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 985.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031336639 MORTGAGORS: PHILLIPS GEORGE
PHILLIPS DINA
REGION CODE ADDRESS : 401 SOUTH ROSSMORE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90020
MORTGAGE AMOUNT : 610,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 609,535.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,213.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.45450
----------------------------------------------------------------
0 0031337850 MORTGAGORS: WALKER STUART
WALKER MARGARET
REGION CODE ADDRESS : 351 FOSS COURT
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.18800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,603,700.00
P & I AMT: 11,247.55
UPB AMT: 1,602,868.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031337868 MORTGAGORS: LARSEN FRANCES
LARSEN JAMES
REGION CODE ADDRESS : 2633 YORKTOWN PLACE
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.50109
----------------------------------------------------------------
0 0031338098 MORTGAGORS: BRADLEY THOMAS
BRADLEY SUSAN
REGION CODE ADDRESS : 683 PARK HILL ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 298,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,055.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.06900
----------------------------------------------------------------
0 0031338429 MORTGAGORS: BEATTIE KEVIN
BEATTIE SUZANNE
REGION CODE ADDRESS : 9 DIEDRICK PL
01 CITY : EMERSON
STATE/ZIP : NJ 07630
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,118.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.76600
----------------------------------------------------------------
0 0031338510 MORTGAGORS: MAUDSLIEN CLIFTON
MAUDSLIEN LINDA
REGION CODE ADDRESS : 98 UNION STREET # 1210
01 CITY : SEATTLE
STATE/ZIP : WA 98101
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,499.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031338585 MORTGAGORS: MIKESELL PAIGE
REGION CODE ADDRESS : 19 MUGFORD STREET, UNIT #1
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 110,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 753.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,189,000.00
P & I AMT: 8,266.07
UPB AMT: 1,187,837.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031339047 MORTGAGORS: WINSTON MICHAEL
WINSTON HEIDI
REGION CODE ADDRESS : 140 WEST 74TH STREET #5F
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 297,625.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,625.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.64200
----------------------------------------------------------------
0 0031339138 MORTGAGORS: LEVINE MARTIN
REGION CODE ADDRESS : 245 SUNNYRIDGE AVE UNIT 55
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 71,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 71,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 518.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.84700
----------------------------------------------------------------
0 0031339260 MORTGAGORS: NEUBURGER ARLENE
REGION CODE ADDRESS : 2730 CENTRAL STREET UNIT 3C
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 72,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 72,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 491.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.06400
----------------------------------------------------------------
0 0031339286 MORTGAGORS: WEAVER SCOTT
WEAVER JOYCE
REGION CODE ADDRESS : 8327 RIDGE CROSSING LANE
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22152
MORTGAGE AMOUNT : 133,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,490.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 888.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031339310 MORTGAGORS: RYAN THOMAS
RYAN DEBORAH
REGION CODE ADDRESS : 513 LONGMEADOW STREET
01 CITY : CELEBRATION
STATE/ZIP : FL 34747
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,629.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,761.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,099,725.00
P & I AMT: 7,715.23
UPB AMT: 1,099,244.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031339807 MORTGAGORS: PHILLIPS JOHN
PHILLIPS VIRGINIA
REGION CODE ADDRESS : 4946 BUTTERWORTH PLACE NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 179,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,210.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 43.82900
----------------------------------------------------------------
0 0031339815 MORTGAGORS: DEMAGHT JOHN
DEMAGHT CYNTHIA
REGION CODE ADDRESS : 117 PEACHTREE
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23188
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,624.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.90300
----------------------------------------------------------------
0 0031339898 MORTGAGORS: SEPPALA KARL
SEPPALA CYNTHIA
REGION CODE ADDRESS : 1294 NORTH JAMESTOWN WAY
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,113.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.84600
----------------------------------------------------------------
0 0031340367 MORTGAGORS: ROSS PATRICIA
REGION CODE ADDRESS : 156 SOUTH ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 196,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,353.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.05800
----------------------------------------------------------------
0 0031340482 MORTGAGORS: BEIRD JAMES
BEIRD DARIA
REGION CODE ADDRESS : 71 OCEAN HILL DRIVE
01 CITY : KINGSTON
STATE/ZIP : MA 02364
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,292.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,188,700.00
P & I AMT: 8,326.98
UPB AMT: 1,187,730.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031340862 MORTGAGORS: DOUGHERTY JOSEPH
DOUGHERTY CHRISTINE
REGION CODE ADDRESS : 22W106 GLENRISE COURT
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 282,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,945.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031341290 MORTGAGORS: WASHINGTON ALBERT
WASHINGTON DEATRA
REGION CODE ADDRESS : 624 SOUTH LARKSPUR LANE
01 CITY : MATTESON
STATE/ZIP : IL 60443
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,324.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.83300
----------------------------------------------------------------
0 0031341597 MORTGAGORS: AFCHARIEH SHAN
AFCHARIEH LINDA
REGION CODE ADDRESS : 1234 HILLGROVE PLACE
01 CITY : BEVERLY HILLS AREA
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,489.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,229.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 30.54545
----------------------------------------------------------------
0 0031341613 MORTGAGORS: CHASE MICHAEL
DARCY LESLIE
REGION CODE ADDRESS : 1 TEABERRY LANE
01 CITY : TIBURN
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 572,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,898.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,297.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031341621 MORTGAGORS: COLLINS JANICE
COLLINS BERNARD
REGION CODE ADDRESS : 18105 NORTHWEST MONTREUX DRIVE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,381.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,769.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,006,650.00
P & I AMT: 14,947.33
UPB AMT: 2,004,039.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031341639 MORTGAGORS: LANGDON HARRY
LANGDON JUDITH
REGION CODE ADDRESS : 181 NORTH MCCADDEN PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 584,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 583,289.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,490.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031341670 MORTGAGORS: LEWIN ROBERT
REGION CODE ADDRESS : 1523 FOOTHILL BLVD
01 CITY : CALISTOGA
STATE/ZIP : CA 94515
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,411.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,326.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031341696 MORTGAGORS: MILLER RONALD
REGION CODE ADDRESS : 23925 PARK GRANADA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,387.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,875.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031341704 MORTGAGORS: HILTON FRANKLIN
HILTON CHONG
REGION CODE ADDRESS : 1160 FULTON STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 543,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,017.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,989.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031341720 MORTGAGORS: FIRST DANNY
REGION CODE ADDRESS : 2008-2010 HILLCREST ROAD UNITS1,2,3
01 CITY : LOS ANGELES
STATE/ZIP : CA 90038
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,400.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,040.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 68.37606
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,479,750.00
P & I AMT: 18,722.29
UPB AMT: 2,476,507.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031341795 MORTGAGORS: BARTSCH WILLIAM
BARTSCH SUSAN
REGION CODE ADDRESS : 437 B AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,419.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 79.20792
----------------------------------------------------------------
0 0031341803 MORTGAGORS: MARTIN TIMOTHY
SCHULER CHELANE
REGION CODE ADDRESS : 435 ISBEL DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,343.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 79.85100
----------------------------------------------------------------
0 0031341860 MORTGAGORS: KNIGHT FORD
KNIGHT NANCY
REGION CODE ADDRESS : 266 MEDICINE ROCK LANE
01 CITY : ROLLINS
STATE/ZIP : MT 59931
MORTGAGE AMOUNT : 420,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,340.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,156.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 62.70800
----------------------------------------------------------------
0 0031341894 MORTGAGORS: MOCKO PAUL
REGION CODE ADDRESS : 142-144 CLIFFORD TERRACE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 615,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 614,106.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,352.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.09100
----------------------------------------------------------------
0 0031341985 MORTGAGORS: CONTIN JOSE
REGION CODE ADDRESS : 3089 WINDMILL CANYON DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 267,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,410.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98563
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,133,000.00
P & I AMT: 15,115.01
UPB AMT: 2,129,620.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342132 MORTGAGORS: LENDINO JAMES
LENDINO CARLIE
REGION CODE ADDRESS : 2205 PALMER PLACE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 561,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,999.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,023.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.94900
----------------------------------------------------------------
0 0031342173 MORTGAGORS: CURRIE DENNIS
CURRIE DEBBIE
REGION CODE ADDRESS : 312 SOUTH ROSEBUD COURT
01 CITY : ANAHEIM HILLS
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,045.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342322 MORTGAGORS: OLSEN JAMES
BERGER STACY
REGION CODE ADDRESS : 5760 HECKER PASS HIGHWAY
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 283,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,828.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.08500
----------------------------------------------------------------
0 0031342439 MORTGAGORS: LUO WENDY
LUO KAREN
REGION CODE ADDRESS : 220 LADERA STREET
01 CITY : MONTEREY PARK
STATE/ZIP : CA 91754
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,583.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.56700
----------------------------------------------------------------
0 0031342470 MORTGAGORS: ITAKURA HARUO
ITAKURA MELANIE
REGION CODE ADDRESS : 26131 EAST DEL REY NO. E
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 110,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,435.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 773.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,850.00
P & I AMT: 10,602.52
UPB AMT: 1,489,891.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342561 MORTGAGORS: ENGELHARDT DAVID
ENGELHARDT HELEN
REGION CODE ADDRESS : 2346 EUCLID AVENUE
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 298,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,166.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.82900
----------------------------------------------------------------
0 0031342785 MORTGAGORS: PARKER PETER
REGION CODE ADDRESS : 6700 VICKIVIEW DRIVE
01 CITY : WEST HILLS AREA
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,642.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342876 MORTGAGORS: O'HALLORAN TIMOTHY
O'HALLORAN LAUREL
REGION CODE ADDRESS : 1107 PICO AVENUE
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,636.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031343403 MORTGAGORS: BARTH DELMAR
BARTH MARILYN
REGION CODE ADDRESS : 28041 PASEO ALDONZA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,465.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,383.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031343460 MORTGAGORS: HERZOG TEDDY
NOVAC AHUVA
REGION CODE ADDRESS : 307-309 & 309A DUNCAN STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 429,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,491.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,336.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 65.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,657,600.00
P & I AMT: 12,281.02
UPB AMT: 1,655,402.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031343494 MORTGAGORS: BAKER ROGER
BAKER LYNNETTE
REGION CODE ADDRESS : 481 EAST TEANCUM ROAD
01 CITY : HEBER CITY
STATE/ZIP : UT 84032
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,191.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,155.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031343676 MORTGAGORS: DE LUCA DANESE
DE LUCA VINCENT
REGION CODE ADDRESS : 245 PASEO DE GRACIA
01 CITY : (REDONDO BEACH AREA) TORR
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,257.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,357.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031343726 MORTGAGORS: DENISON KATHLEEN
REGION CODE ADDRESS : 2808 FALLBROOK LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,454.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,577.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031344245 MORTGAGORS: ROBARTS KURT
ROBARTS MARLENE
REGION CODE ADDRESS : 66 BOXFORD ROAD
01 CITY : BRADFORD
STATE/ZIP : MA 01835
MORTGAGE AMOUNT : 155,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,062.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031344898 MORTGAGORS: HACKNEY DAVID
HACKNEY YOLANDE
REGION CODE ADDRESS : 15507 HELEN DRIVE
01 CITY : ACCOKEEK
STATE/ZIP : MD 20607
MORTGAGE AMOUNT : 435,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,376.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,046.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,051,500.00
P & I AMT: 15,199.82
UPB AMT: 2,049,080.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031345077 MORTGAGORS: LOTZ BRUCE
REGION CODE ADDRESS : 16 WINDSOR LANE
01 CITY : TRENTON
STATE/ZIP : NJ 08620
MORTGAGE AMOUNT : 166,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 166,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,315.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.51000
----------------------------------------------------------------
0 0031345275 MORTGAGORS: POLSKY NANCY
REGION CODE ADDRESS : 81 ASPEN LANE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 98,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 98,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 691.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.27800
----------------------------------------------------------------
0 0031345622 MORTGAGORS: MCLENNAN MARY
REGION CODE ADDRESS : 65 MT TENAYA DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 375,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,921.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,623.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031345887 MORTGAGORS: HOLLERAN MICHAEL
HOLLERAN DONNA
REGION CODE ADDRESS : 2646 MEADOW HALL DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031346067 MORTGAGORS: LUFKIN ROBERT
REGION CODE ADDRESS : 12961 MULHOLLAND DR
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 399,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,820.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,826.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.05700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,900.00
P & I AMT: 9,240.74
UPB AMT: 1,290,859.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031346158 MORTGAGORS: EDGE DON
EDGE CATHY
REGION CODE ADDRESS : 11356 BAY LAUREL STREET
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,720.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------
0 0031346364 MORTGAGORS: SINGLEY RAMON
SINGLEY WANDA
REGION CODE ADDRESS : 6426 HALM AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,139.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 49.70000
----------------------------------------------------------------
0 0031346562 MORTGAGORS: EVANS JAMES
EVANS NANCY
REGION CODE ADDRESS : 5 TRASK ROAD
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 810.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031346885 MORTGAGORS: ENGLER ROBERT
ENGLER DOROTHEA
REGION CODE ADDRESS : 64 PROSPECT STREET
01 CITY : NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,703.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.90900
----------------------------------------------------------------
0 0031346935 MORTGAGORS: MALKIEL BARRY
REGION CODE ADDRESS : 1320 BRIDGEWATER WALK
01 CITY : SNELLVILLE
STATE/ZIP : GA 30078
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,184.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,385,500.00
P & I AMT: 9,523.14
UPB AMT: 1,383,747.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031347735 MORTGAGORS: HAWATMEH KHALDOUN
HAWATMEH KHLOOD
REGION CODE ADDRESS : 17314 LASSEN COURT
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,721.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 72.58064
----------------------------------------------------------------
0 0031347750 MORTGAGORS: ALDAMA ANTONIO
ALDAMA RUTH
REGION CODE ADDRESS : 2726 PEARTREE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,847.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,337.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.40000
----------------------------------------------------------------
0 0031347933 MORTGAGORS: TATE LARRY
TATE KRISTINE
REGION CODE ADDRESS : 14 SEMBRADO
01 CITY : RANCHO SANTA MARGARITA AR
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,541.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.97400
----------------------------------------------------------------
0 0031348030 MORTGAGORS: KRUK PATRICK
KRUK INGRID
REGION CODE ADDRESS : 7016 CORTE BLANCA
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 356,760.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,128.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.63300
----------------------------------------------------------------
0 0031348378 MORTGAGORS: SCHROEDER GEORGE
SCHROEDER JEAN
REGION CODE ADDRESS : 18835 SOUTHWEST SCHROEDER LANE
01 CITY : SHERWOOD
STATE/ZIP : OR 97140
MORTGAGE AMOUNT : 302,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,831.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,137.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.78300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,810.00
P & I AMT: 11,059.60
UPB AMT: 1,566,069.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031348725 MORTGAGORS: KESSLER DAVID
KESSLER SHARON
REGION CODE ADDRESS : 666 WEST MILLERS ROAD
01 CITY : DES PLAINES
STATE/ZIP : IL 60016
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 875.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.46500
----------------------------------------------------------------
0 0031348808 MORTGAGORS: MAURICE DIANE
REGION CODE ADDRESS : 39 MARY LANE
01 CITY : RIVERSIDE
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031348865 MORTGAGORS: BARRY WILLIAM
BARRY KIMBERLY
REGION CODE ADDRESS : 762 MILLER AVENUE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,450.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.50400
----------------------------------------------------------------
0 0031349038 MORTGAGORS: FERRAGUT THEODORE
REGION CODE ADDRESS : 417 SOUTH SAINT ASPAH STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 319,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
0 0031349160 MORTGAGORS: GRAHAM JAMES
GRAHAM GRACIELA
REGION CODE ADDRESS : 25 GREYSTONE LANE
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,969.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.89400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,355,800.00
P & I AMT: 9,203.60
UPB AMT: 1,355,250.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031349319 MORTGAGORS: BARBARA PAMELA
BARBARA PETER
REGION CODE ADDRESS : 1530 TURNBERRY CT
01 CITY : GENEVA
STATE/ZIP : IL 60134
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,418.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.46666
----------------------------------------------------------------
0 0031349673 MORTGAGORS: CORRY GEORGE
CORRY VIRGINA
REGION CODE ADDRESS : 26661 CALLE SALIDA
01 CITY : DANA POINT
STATE/ZIP : CA 92624
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,746.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031349756 MORTGAGORS: MORRIS PHILLIP
MORRIS HILARIE
REGION CODE ADDRESS : 20969 NIGHTSHADE PLACE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 365,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,892.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031349764 MORTGAGORS: SWIFT ERNEST
SWIFT REBECCA
REGION CODE ADDRESS : 50 IDLEWOOD COURT
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,898.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.41700
----------------------------------------------------------------
0 0031349988 MORTGAGORS: MCCRADY THOMAS
MCCRADY ADRIENNE
REGION CODE ADDRESS : 509 HI-LUSI AVENUE SOUTH
01 CITY : MOUNT PROSPECT
STATE/ZIP : IL 60056
MORTGAGE AMOUNT : 260,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,519,750.00
P & I AMT: 10,514.92
UPB AMT: 1,516,256.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031350374 MORTGAGORS: SHEEGOG DAVID
SHEEGOG FRANCES
REGION CODE ADDRESS : 968 SOUTH LADEN LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,521.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031350721 MORTGAGORS: BROWER RICHARD
BROWER SHARON
REGION CODE ADDRESS : 49 IDLEWILD PLACE NORTH HALF
01 CITY : EDWARDS
STATE/ZIP : CO 81632
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.81900
----------------------------------------------------------------
0 0031350978 MORTGAGORS: REEDER DAVID
REEDER SHERRI
REGION CODE ADDRESS : 1802 TIMBER RIDGE CIRCLE
01 CITY : CORINTH
STATE/ZIP : TX 76205
MORTGAGE AMOUNT : 194,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,856.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,356.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031351216 MORTGAGORS: MENDEZ LAWRENCE
MENDEZ JAMIE
REGION CODE ADDRESS : 3748 THORNHILL DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 390,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,295.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,664.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031351620 MORTGAGORS: COBA JAMES
COBA NANCY
REGION CODE ADDRESS : 22410 NE 195TH STREET
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,604.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,591.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,673,600.00
P & I AMT: 11,471.02
UPB AMT: 1,672,065.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031351646 MORTGAGORS: DEVINE MICHAEL
DEVINE MARGARET
REGION CODE ADDRESS : 214 121ST ST
01 CITY : STONE HARBOR
STATE/ZIP : NJ 08247
MORTGAGE AMOUNT : 357,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,047.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,559.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031352172 MORTGAGORS: KARO DOUGLAS
KARO REBECCA
REGION CODE ADDRESS : 7308 CHURCHILL ROAD
01 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,269.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0031352370 MORTGAGORS: ROSENBERG JEROME
ROSENBERG SUSAN
REGION CODE ADDRESS : 74 EATON ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.48200
----------------------------------------------------------------
0 0031352594 MORTGAGORS: RYAN PAUL
WHELAN DEIDRE
REGION CODE ADDRESS : 45 ABBEY STREET
01 CITY : MARSHFIELD
STATE/ZIP : MA 02050
MORTGAGE AMOUNT : 138,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 138,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 906.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031352800 MORTGAGORS: JOHNSON MATTHEW
JOHNSON BARBARA
REGION CODE ADDRESS : 4513 GASTON STREET
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 291,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,560.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,261,100.00
P & I AMT: 8,868.23
UPB AMT: 1,259,877.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031352917 MORTGAGORS: LANG MICHAEL
LANG WENDY-JO
REGION CODE ADDRESS : 2512 TELLURIDE DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 143,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 976.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031353774 MORTGAGORS: ZAZULA RALPH
ROSS MICHELE
REGION CODE ADDRESS : 45 SHAWSHEEN ROAD UNIT #9
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031353998 MORTGAGORS: WEISZ MICHAEL
REGION CODE ADDRESS : 30135 VIA ARBOLEDA
01 CITY : TEMECULA
STATE/ZIP : CA 92591
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,651.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031354103 MORTGAGORS: DECOSTER RICHARD
DECOSTER JANET
REGION CODE ADDRESS : 1309 COUNTRYSIDE MANOR COURT
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63017
MORTGAGE AMOUNT : 310,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,232.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.84300
----------------------------------------------------------------
0 0031354954 MORTGAGORS: ALPAIO DIANE
MAHAL KANWAL
REGION CODE ADDRESS : 6085 BLACKWATER TRAIL
01 CITY : ATLANTA
STATE/ZIP : GA 30328
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,777.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,266,400.00
P & I AMT: 8,876.87
UPB AMT: 1,264,761.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031355563 MORTGAGORS: POWELSON DENNIS
POWELSON LORRAINE
REGION CODE ADDRESS : 1323 SHADOWRIDGE DRIVE
01 CITY : HUNTSVILLE
STATE/ZIP : AL 35803
MORTGAGE AMOUNT : 267,805.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,606.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031355704 MORTGAGORS: CONANT STEPHEN
CONANT CAROL
REGION CODE ADDRESS : 12 APPLE ORCHARD DRIVE
01 CITY : BILLERICA
STATE/ZIP : MA 01821
MORTGAGE AMOUNT : 142,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 981.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.73600
----------------------------------------------------------------
0 0031355720 MORTGAGORS: MURRY DALLAS
MURRY NATALIE
REGION CODE ADDRESS : 13728 461ST PLACE SOUTHEAST
01 CITY : NORTH BEND
STATE/ZIP : WA 98045
MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,555.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031355829 MORTGAGORS: BLACK PORTIA
BLACK REGINALD
REGION CODE ADDRESS : 155 CLEARWATER DRIVE
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 394,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,660.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 82.08300
----------------------------------------------------------------
0 0031356165 MORTGAGORS: WALKER ROBERT
WALKER SARA
REGION CODE ADDRESS : 3365 KILBY PLACE
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,704.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,492.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,605.00
P & I AMT: 10,035.73
UPB AMT: 1,485,527.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031356173 MORTGAGORS: O'BRIEN KYLE
O'BRIEN SUSAN
REGION CODE ADDRESS : 143 PARK ROAD
01 CITY : CHELMSFORD
STATE/ZIP : MA 01824
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,549.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.11100
----------------------------------------------------------------
0 0031356199 MORTGAGORS: MARIN MATTHEW
MARIN CAROL
REGION CODE ADDRESS : 61 MOUNT PLEASANT TURNPIKE
01 CITY : DENVILLE TWP.
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031356207 MORTGAGORS: BROUSSEAU DALE
REGION CODE ADDRESS : 124 DOVER STREET
01 CITY : MEDFORD
STATE/ZIP : MA 02155
MORTGAGE AMOUNT : 97,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 97,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 661.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.48900
----------------------------------------------------------------
0 0031356256 MORTGAGORS: LARISCY JOSEPH
LARISCY RUTH
REGION CODE ADDRESS : 180 PLUM NELLY ROAD
01 CITY : ATHENS
STATE/ZIP : GA 30606
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031356355 MORTGAGORS: NELSON GREGORY
REGION CODE ADDRESS : 57 CRYSTAL AVENUE
01 CITY : WEST ORANGE
STATE/ZIP : NJ 07052
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.00200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,215,150.00
P & I AMT: 8,503.08
UPB AMT: 1,214,925.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031356371 MORTGAGORS: BOHN DAVID
KLUDJIAN LISA
REGION CODE ADDRESS : 19700 TRULL BROOK DRIVE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,715.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,140.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.52700
----------------------------------------------------------------
0 0031356454 MORTGAGORS: WATTS JAMES
WATTS LISA
REGION CODE ADDRESS : 183 MARK TWAIN AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,779.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.20000
----------------------------------------------------------------
0 0031356488 MORTGAGORS: RYDER KEVIN
RYDER LINDA
REGION CODE ADDRESS : 16 ALLEN ROAD
01 CITY : EASTON
STATE/ZIP : MA 02356
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,024.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031356512 MORTGAGORS: MURPHY DONALD
MURPHY MARY
REGION CODE ADDRESS : 95 RHINECLIFF STREET
01 CITY : ARLINGTON
STATE/ZIP : MA 01274
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,010.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031356520 MORTGAGORS: BARUCCI JOHN
O'CONNELL JENNIFER
REGION CODE ADDRESS : 334 PLAIN STREET
01 CITY : STOUGHTON
STATE/ZIP : MA 02072
MORTGAGE AMOUNT : 115,425.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,425.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 787.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,048,425.00
P & I AMT: 7,039.84
UPB AMT: 1,047,920.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031356629 MORTGAGORS: MARSH ROBERT
MARSH SHARON
REGION CODE ADDRESS : 36118 POST OAK CIRCLE
01 CITY : MAGNOLIA
STATE/ZIP : TX 77355
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,223.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031357064 MORTGAGORS: WIGFALL SIDNEY
INGRAM-WIGFALL NATACHA
REGION CODE ADDRESS : 29 MATTAWANG DRIVE
01 CITY : SOMERSET
STATE/ZIP : NJ 08873
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.51300
----------------------------------------------------------------
0 0031357171 MORTGAGORS: PETTITT DENNIS
PETTITT PEGGY
REGION CODE ADDRESS : 874 NEON FOREST
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 289,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,723.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.25600
----------------------------------------------------------------
0 0031357247 MORTGAGORS: GAGICH WADE
GAGICH ELIZABETH
REGION CODE ADDRESS : 740 ARBOLADO DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,029.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.43200
----------------------------------------------------------------
0 0031357262 MORTGAGORS: SULLIVAN CHARLES
DORIA SUZANNE
REGION CODE ADDRESS : 817 SOUTHPORT DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 419,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,005.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,006.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,514,950.00
P & I AMT: 10,641.28
UPB AMT: 1,512,765.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031357288 MORTGAGORS: SIARA THADDEUS
SIARA ROBIN
REGION CODE ADDRESS : 6222 SADDLETREE LANE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,603.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031357296 MORTGAGORS: ZAWACKI MARK
ZAWACKI KRISTIN
REGION CODE ADDRESS : 389 HATCHER COURT
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 407,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,608.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,882.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031357312 MORTGAGORS: STONG JUDY
REGION CODE ADDRESS : 17620 LA BAJADA
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,456.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 50.00000
----------------------------------------------------------------
0 0031357320 MORTGAGORS: PINETTE MICHAEL
PINETTE JOAN
REGION CODE ADDRESS : 1414 MIRAVALLE AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 680,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 678,334.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,228.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031357346 MORTGAGORS: DUNCAN WILLIAM
GAMBLE DUNCAN LORIS
REGION CODE ADDRESS : 27434 SANDY SHORES DRIVE SW
01 CITY : VASHON ISLAND
STATE/ZIP : WA 98070
MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,669.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,164.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,223,450.00
P & I AMT: 16,473.95
UPB AMT: 2,219,672.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031357353 MORTGAGORS: SPARKS STEPHEN
LIDDY PATRICIA
REGION CODE ADDRESS : 790-792 ARKANSAS STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94107
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,330.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,786.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 74.45200
----------------------------------------------------------------
0 0031357379 MORTGAGORS: ROBISON RAYMOND
ROBISON SHERRY
REGION CODE ADDRESS : 200 RICARDO ROAD
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 454,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,833.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031357387 MORTGAGORS: SIMOWITZ CAROL
REGION CODE ADDRESS : 16 CAZNEAU AVENUE
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,425.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,252.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 76.17391
----------------------------------------------------------------
0 0031357536 MORTGAGORS: HOUCK BRUCE
HOUCK LISA
REGION CODE ADDRESS : 5 CRESTWOOD DR
01 CITY : JOLIET
STATE/ZIP : IL 60432
MORTGAGE AMOUNT : 127,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 857.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031357544 MORTGAGORS: LANGLAND ARTHUR
LANGLAND JANE
REGION CODE ADDRESS : 930 SUMMIT STREET
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60515
MORTGAGE AMOUNT : 136,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 916.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.53200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,665,700.00
P & I AMT: 12,266.56
UPB AMT: 1,663,888.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031357742 MORTGAGORS: GRADY KELLY
GRADY JAMES
REGION CODE ADDRESS : 17 LORRAINE STREET
01 CITY : GLEN RIDGE
STATE/ZIP : NJ 07028
MORTGAGE AMOUNT : 112,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 757.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031357825 MORTGAGORS: BOTWINICK MICHAEL
BOTWINICK KATHY
REGION CODE ADDRESS : 1 WHITFIELD COURT
01 CITY : ROCKAWAY
STATE/ZIP : NJ 07005
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.42105
----------------------------------------------------------------
0 0031358179 MORTGAGORS: TANG HAI
REGION CODE ADDRESS : 4724 BRIGHTWOOD ROAD
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 321,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,867.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.37300
----------------------------------------------------------------
0 0031358518 MORTGAGORS: RODMAN PAUL
RODMAN LAURA
REGION CODE ADDRESS : 51 HAWTHORNE VILLAGE ROAD
01 CITY : NASHUA
STATE/ZIP : NH 03062
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,887.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031358971 MORTGAGORS: LEWIS MICHAEL
LEWIS LAUREN
REGION CODE ADDRESS : 3713 EAST REDFIELD ROAD
01 CITY : GILBERT
STATE/ZIP : AZ 85234
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,784.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.72600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,219,000.00
P & I AMT: 8,476.12
UPB AMT: 1,218,039.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031358989 MORTGAGORS: PERNICK CHRISTINE
PERNICK LARRY
REGION CODE ADDRESS : 7 REGINA
01 CITY : DANA POINT
STATE/ZIP : CA 96629
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.53200
----------------------------------------------------------------
0 0031359029 MORTGAGORS: ALVI ADNAN
REGION CODE ADDRESS : 217 TENBY COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 261,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,705.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031359128 MORTGAGORS: KIM YOUNG
KIM YONG
REGION CODE ADDRESS : 16308 SPRING PARK LANE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 198,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 197,719.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,418.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.60500
----------------------------------------------------------------
0 0031359144 MORTGAGORS: LEE THOMAS
LEE ELIZABETH
REGION CODE ADDRESS : 7332 BANGOR LANE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 131,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,227.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 949.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.33300
----------------------------------------------------------------
0 0031359169 MORTGAGORS: MILNER PHILIP
MILNER CELIA
REGION CODE ADDRESS : 29066 CLIFFSIDE DRIVE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 605,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 604,205.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,492.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 30.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,900.00
P & I AMT: 10,531.96
UPB AMT: 1,453,481.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359185 MORTGAGORS: JABLONSKI MARC
REGION CODE ADDRESS : 3623-3625 17TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 478,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,755.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,510.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031359219 MORTGAGORS: HUNT WENDY
REGION CODE ADDRESS : 7000 PANORAMIC HIGHWAY
01 CITY : STINSON BEACH
STATE/ZIP : CA 94970
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,148.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 64.61500
----------------------------------------------------------------
0 0031359235 MORTGAGORS: LA FRENIERE ANNETTE
REGION CODE ADDRESS : 7919 TURTLE CREEK BLVD
01 CITY : DALLAS
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.91600
----------------------------------------------------------------
0 0031359284 MORTGAGORS: DAVIS JOSEPH
DAVIS HEATHER
REGION CODE ADDRESS : 28302 CAMINO LA RONDA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 466,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,271.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,425.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 79.99500
----------------------------------------------------------------
0 0031359292 MORTGAGORS: OSHIMO THOMAS
YUEN TINA
REGION CODE ADDRESS : 105 ST JAMES DR
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,921.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.55300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,975,300.00
P & I AMT: 14,261.96
UPB AMT: 1,971,907.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359425 MORTGAGORS: FURRA RALPH
FURRA JULIE
REGION CODE ADDRESS : 7042 WEST OCEAN FRONT
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92661
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,219.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,255.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031359532 MORTGAGORS: FREEMAN ROBERT
REGION CODE ADDRESS : 280 ABRAHAMS LANE
01 CITY : VILLANOVA
STATE/ZIP : PA 19085
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,735.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 21.42800
----------------------------------------------------------------
0 0031359557 MORTGAGORS: GRAHAM JAMES
GRAHAM KIMBERLEY
REGION CODE ADDRESS : 1470 CREEK ROAD
01 CITY : HUNTINGDON VALLEY
STATE/ZIP : PA 19006
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,623.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,680.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031359771 MORTGAGORS: ARVIN L.
LAFIA MONIQUE
REGION CODE ADDRESS : 16505 AKRON STREET
01 CITY : PACIFIC PALISADES AREA
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 402,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,186.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,745.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.70200
----------------------------------------------------------------
0 0031359797 MORTGAGORS: HACKER HENRY
HACKER DARLENE
REGION CODE ADDRESS : 16129 VIA MADERA CIRCLE
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,581.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.08900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,105,500.00
P & I AMT: 14,800.01
UPB AMT: 2,103,345.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359995 MORTGAGORS: GONZALEZ GREGORY
BORN CHARLEAN
REGION CODE ADDRESS : 26 HANCOCK STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,749.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.54100
----------------------------------------------------------------
0 0031360019 MORTGAGORS: PAUL SUMEET
REGION CODE ADDRESS : 415 ALEXIA COURT
01 CITY : WHEELING
STATE/ZIP : IL 60090
MORTGAGE AMOUNT : 145,290.00 OPTION TO CONVERT :
UNPAID BALANCE : 145,290.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 978.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.04600
----------------------------------------------------------------
0 0031360159 MORTGAGORS: ENGLISH TIMOTHY
REGION CODE ADDRESS : 3121 FREDERICK STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,530.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0031360431 MORTGAGORS: RUMPEL SHARON
REGION CODE ADDRESS : 16 SWAMP RD
01 CITY : NEWTON
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,934.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 637.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031360456 MORTGAGORS: MIZRAHI SHIMON
MIZRAHI JULIE
REGION CODE ADDRESS : 21806 SOUTHEAST 28TH STREET
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,819.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,183,540.00
P & I AMT: 8,271.20
UPB AMT: 1,182,325.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031360639 MORTGAGORS: DING KUNG-HAU
DING MICHELLE
REGION CODE ADDRESS : 10 CUSHING STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 189,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 189,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,225.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0031360662 MORTGAGORS: MOORE COLLEEN
MOORE PETER
REGION CODE ADDRESS : 39 CHRISTOPHER ROAD
01 CITY : NORWELL
STATE/ZIP : MA 02061
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 212,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,446.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.60300
----------------------------------------------------------------
0 0031360977 MORTGAGORS: RUSSELL KYLE
REGION CODE ADDRESS : 7 SHADWELL STREET
01 CITY : NASHUA
STATE/ZIP : NH 03060
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 778.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 83.33300
----------------------------------------------------------------
0 0031361124 MORTGAGORS: MOUGHAN DEBORAH
MOUGHAN MARY
REGION CODE ADDRESS : 55 GLENDALE ROAD
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 955.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031361181 MORTGAGORS: MORTENSEN JOHN
VU QUY
REGION CODE ADDRESS : 2623 ORCHARD DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,811.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 914,500.00
P & I AMT: 6,156.32
UPB AMT: 913,811.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031361223 MORTGAGORS: WALSTON ELMER
WALSTON JOAN
REGION CODE ADDRESS : 1666 ASHLAND AVENUE
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.18600
----------------------------------------------------------------
0 0031361371 MORTGAGORS: JAYACHANDRAN PURUSHOTHAMAN
JAYACHANDRAN RENUKA
REGION CODE ADDRESS : 1168 LA ROCHELLE TERRACE UNIT # F
01 CITY : SUNNYVALE
STATE/ZIP : CA 94089
MORTGAGE AMOUNT : 266,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,043.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.12800
----------------------------------------------------------------
0 0031362775 MORTGAGORS: STESKA MARK
STESKA KATHLEEN
REGION CODE ADDRESS : 2 ALTEZZA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
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 : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.48700
----------------------------------------------------------------
0 0031362981 MORTGAGORS: LAW MARK
LAIER MARY
REGION CODE ADDRESS : 22517 CLEARCREEK COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 409,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,680.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.92000
----------------------------------------------------------------
0 0031363104 MORTGAGORS: ROSENTHAL LEIGH
REGION CODE ADDRESS : 4063 NEWTON STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 299,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,743.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,560,650.00
P & I AMT: 10,727.33
UPB AMT: 1,558,789.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031363393 MORTGAGORS: GRIFFIN NORMAN
GRIFFIN BARBARA
REGION CODE ADDRESS : 7884 MOORFOOT COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 242,730.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,320.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.90000
----------------------------------------------------------------
0 0031364060 MORTGAGORS: THOMPSON PAUL
THOMPSON JODY
REGION CODE ADDRESS : 211 NORTH PAYNE STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 158,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,110.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031364243 MORTGAGORS: CHANDLER FRANKLIN
SMITH-CHANDLER CARLA
REGION CODE ADDRESS : 28198 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 285,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,277.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031364789 MORTGAGORS: LITTEE JEAN-CLAUDE
LITTEE JACQUELINE
REGION CODE ADDRESS : 228 LUCAS PARK DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,396.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 53.26087
----------------------------------------------------------------
0 0031364813 MORTGAGORS: LEYVA ANTHONY
BRODERSON BETH
REGION CODE ADDRESS : 7244 EVANS MILL ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,518.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,271,980.00
P & I AMT: 8,965.60
UPB AMT: 1,270,312.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364896 MORTGAGORS: BEAL JEFFREY
BEAL DIANE
REGION CODE ADDRESS : 11317 MAGNOLIA PLACE
01 CITY : SMITHFIELD
STATE/ZIP : VA 23430
MORTGAGE AMOUNT : 253,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,052.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031365026 MORTGAGORS: RAY JAMES
RAY TERRY
REGION CODE ADDRESS : 222 TAMERLAINE DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 307,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,960.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031365067 MORTGAGORS: VON RUEDEN RICHARD
VON RUEDEN VIRGINIA
REGION CODE ADDRESS : 3 PLOTKA LANE
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031365240 MORTGAGORS: MORAN MATTHEW
PARKIN SUZETTE
REGION CODE ADDRESS : 3822 BROOKDALE BOULEVARD
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 269,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,225.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031365414 MORTGAGORS: RUNDIN WALTER
RUNDIN STEPHANIE
REGION CODE ADDRESS : 3251 WOODVIEW DR
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,783.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.71700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,250.00
P & I AMT: 10,246.18
UPB AMT: 1,476,021.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031365786 MORTGAGORS: FUH JONATHAN
REGION CODE ADDRESS : 3423 IONE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 303,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,774.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
0 0031366099 MORTGAGORS: SARIAN RONALD
SARIAN KAREN
REGION CODE ADDRESS : 828 WILADONDA DRIVE
01 CITY : LA CANADA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,707.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.25500
----------------------------------------------------------------
0 0031366214 MORTGAGORS: GELLERT GEORGE
GELLERT ANDREA
REGION CODE ADDRESS : 117 PLANTATION DRIVE
01 CITY : SUFFIELD
STATE/ZIP : CT 06078
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.84664
----------------------------------------------------------------
0 0031366339 MORTGAGORS: SCHWENDT JOSEPH
SCHWENDT KAREN
REGION CODE ADDRESS : 117 BOUVANT DRIVE
01 CITY : PRINCETON TOWNSHIP
STATE/ZIP : NJ 08540
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 37.03700
----------------------------------------------------------------
0 0031366370 MORTGAGORS: CANTER DOUGLAS
CANTER CARRIE
REGION CODE ADDRESS : 3721 WENTWOOD DRIVE
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75225
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,250.00
P & I AMT: 10,805.00
UPB AMT: 1,566,527.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031366404 MORTGAGORS: ARCHAMBEAU KEITH
MASTRO FLEURETTE
REGION CODE ADDRESS : 718 CHANTRY CIRCLE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,201.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.53600
----------------------------------------------------------------
0 0031366487 MORTGAGORS: LUDINGTON ANN
LUDINGTON JAMES
REGION CODE ADDRESS : 3156 PASEO ROBLES
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.07407
----------------------------------------------------------------
0 0031366529 MORTGAGORS: MILLS KELLY
MILLS JOLEEN
REGION CODE ADDRESS : 5027 PAVO COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,618.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.56750
----------------------------------------------------------------
0 0031366909 MORTGAGORS: FALUDI LESLIE
FALUDI TERRI
REGION CODE ADDRESS : 492 EAST 16TH PLACE
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,756.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031366958 MORTGAGORS: MURPHY STEPHEN
REGION CODE ADDRESS : 32971 DANAPINE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 329,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,149.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,275.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,800.00
P & I AMT: 10,343.32
UPB AMT: 1,488,244.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031366974 MORTGAGORS: HOLMES HOLBERT
HOLMES ELMA
REGION CODE ADDRESS : 2611 EAST MARY COURT
01 CITY : WEST COVINA
STATE/ZIP : CA 91792
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,736.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,064.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031367055 MORTGAGORS: SHU SUISHENG
SHU CHIEW-YUN
REGION CODE ADDRESS : 7322 URSHAN WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,042.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031367154 MORTGAGORS: STALLARD DONNA
REGION CODE ADDRESS : 3533 STONECREEK CT
01 CITY : FORT WORTH
STATE/ZIP : TX 76137
MORTGAGE AMOUNT : 127,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,300.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 869.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98192
----------------------------------------------------------------
0 0031367295 MORTGAGORS: KING CHRISTOPHER
KING KELLEY
REGION CODE ADDRESS : 1074 EAST ILIFF WAY
01 CITY : SUPERIOR
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,790.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031367519 MORTGAGORS: BISTRUP PETER
REGION CODE ADDRESS : 425 GRANT AVENUE #25
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,107,900.00
P & I AMT: 7,597.44
UPB AMT: 1,106,682.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031367931 MORTGAGORS: MERTENS GLEN
MERTENS IRMA
REGION CODE ADDRESS : 5399 HARTER LANE
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 340,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,547.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031368178 MORTGAGORS: ATTILIO DAVID
ATTILIO MARIA
REGION CODE ADDRESS : 926 ALLAIRE ROAD
01 CITY : SPRING LAKE
STATE/ZIP : NJ 07762
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,212.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.45400
----------------------------------------------------------------
0 0031368400 MORTGAGORS: CALABRO ANTHONY
CALABRO SUSAN
REGION CODE ADDRESS : 1454 GARRETT DR
01 CITY : WALL TWP.
STATE/ZIP : NJ 07719
MORTGAGE AMOUNT : 167,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,167.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.85000
----------------------------------------------------------------
0 0031368418 MORTGAGORS: DUBOSE JOHN
DUBOSE LYDIA
REGION CODE ADDRESS : 47 MILLTOWN RD
01 CITY : DANBURY
STATE/ZIP : CT 06811
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031368434 MORTGAGORS: RUIZ RUBEN
RUIZ GENOVEVA
REGION CODE ADDRESS : 6811 & 6811 A,B & C MIDDLETON STREE
01 CITY : HUNTINGTON PARK AREA
STATE/ZIP : CA 90255
MORTGAGE AMOUNT : 158,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,151.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,202.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,087,650.00
P & I AMT: 7,614.27
UPB AMT: 1,087,298.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031368657 MORTGAGORS: FISHER LAWRENCE
FISHER JENNIFER
REGION CODE ADDRESS : 14210 ACADEMY OAKS LANE
01 CITY : CLOVIS
STATE/ZIP : CA 93611
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,751.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031368897 MORTGAGORS: GONZALEZ ALFONSO
GONZALEZ ANTONIA
REGION CODE ADDRESS : 6109 NORTH CALDWELL AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60646
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 842.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.78900
----------------------------------------------------------------
0 0031369929 MORTGAGORS: FITZGERALD JOSEPH
FITZGERALD KATHRYN
REGION CODE ADDRESS : 215 MORGAN STREET
01 CITY : SOUTH HADLEY
STATE/ZIP : MA 01075
MORTGAGE AMOUNT : 138,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 138,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,059.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.61000
----------------------------------------------------------------
0 0031370224 MORTGAGORS: TALBOTT SHELLY
REGION CODE ADDRESS : 48 CHANDON
01 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,465.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0031370281 MORTGAGORS: PFAUSER CHRISTOPHER
GOW ROBERT
REGION CODE ADDRESS : 3026 THAYER STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,183,750.00
P & I AMT: 8,346.03
UPB AMT: 1,182,966.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031370539 MORTGAGORS: REIFF EDWARD
REIFF SHARYN
REGION CODE ADDRESS : 8341 NORTH KEYSTONE AVENUE
01 CITY : SKOKIE
STATE/ZIP : IL 60076
MORTGAGE AMOUNT : 100,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 682.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.68400
----------------------------------------------------------------
0 0031370570 MORTGAGORS: WEEK MICHAEL
KOCOUR PATRICIA
REGION CODE ADDRESS : 948 VINE STREET
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 206,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,405.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.37500
----------------------------------------------------------------
0 0031370620 MORTGAGORS: STEPHENSON SCOTT
STEPHENSON SALLY
REGION CODE ADDRESS : 407 KELLING LANE
01 CITY : GLENCOE
STATE/ZIP : IL 60022
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031370729 MORTGAGORS: LEWIS STEPHEN
LEWIS DEBORAH
REGION CODE ADDRESS : 216 VIA DIJON
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.01700
----------------------------------------------------------------
0 0031370976 MORTGAGORS: ARBOGAST JOHN
ARBOGAST MARGARET
REGION CODE ADDRESS : 1022 NORTH DANA FOOTHILL ROAD
01 CITY : NIPOMO
STATE/ZIP : CA 93444
MORTGAGE AMOUNT : 371,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,697.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,595.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,265,350.00
P & I AMT: 8,745.15
UPB AMT: 1,264,400.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031371172 MORTGAGORS: BOTZBACH RICHARD
BOTZBACH PAM
REGION CODE ADDRESS : 11712 VIA RANCHO
01 CITY : SANTA ANA AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 431,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,358.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,013.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.81400
----------------------------------------------------------------
0 0031371339 MORTGAGORS: HARRINGTON JOHN
HARRINGTON SHEILA
REGION CODE ADDRESS : 1865 GOLDEN EAGLE COURT
01 CITY : BROOMFIELD
STATE/ZIP : CO 80020
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,684.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,755.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031371784 MORTGAGORS: DOWLING JAMES
DOWLING MELINDA
REGION CODE ADDRESS : 18406 LLAGAS CREEK DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,433.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,760.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.59000
----------------------------------------------------------------
0 0031372287 MORTGAGORS: PRICE CHARLES
REGION CODE ADDRESS : 7901 GULF STREET
01 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 97,272.00 OPTION TO CONVERT :
UNPAID BALANCE : 97,199.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 680.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031372337 MORTGAGORS: RISEBOROUGH SONOYO
RISEBOROUGH ADRIAN
REGION CODE ADDRESS : 7 CARLTON ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.57800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,272.00
P & I AMT: 11,061.17
UPB AMT: 1,588,676.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031372386 MORTGAGORS: BANGEN JEFFREY
BANGEN AMY
REGION CODE ADDRESS : 16220 39TH PLACE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 247,030.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,842.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031372576 MORTGAGORS: KOHR BRENT
KOHR SUSAN
REGION CODE ADDRESS : 3692 PLEASANT VALLEY ROAD
01 CITY : YORK
STATE/ZIP : PA 17402
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,559.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.91300
----------------------------------------------------------------
0 0031372964 MORTGAGORS: GAGNON STEPHEN
GAGNON MARTHA
REGION CODE ADDRESS : 65 PRESCOTT STREET
01 CITY : READING
STATE/ZIP : MA 01867
MORTGAGE AMOUNT : 197,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 197,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,277.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 77.25400
----------------------------------------------------------------
0 0031373020 MORTGAGORS: FELDE PATRICK
FELDE DOREEN
REGION CODE ADDRESS : 21582 MONTBURY DRIVE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,792.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.50000
----------------------------------------------------------------
0 0031373350 MORTGAGORS: AUSTIN MICHAEL
REGION CODE ADDRESS : 1720 SURREY LANE
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.89400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,363,030.00
P & I AMT: 9,299.59
UPB AMT: 1,362,194.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031373707 MORTGAGORS: KASPAR MARIA
SHELTON STEVEN
REGION CODE ADDRESS : 4527 CHESAPEAKE STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,782.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031374135 MORTGAGORS: RUFE CHARLES
REGION CODE ADDRESS : 448 WEST MAIN STREET
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 283,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,995.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031374366 MORTGAGORS: DUNCAN KEITH
DUNCAN SHERRY
REGION CODE ADDRESS : 4177 ANCIENT AMBER WAY
01 CITY : NORCROSS
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 267,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,941.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.25300
----------------------------------------------------------------
0 0031374606 MORTGAGORS: POLIZZI JOSEPH
REGION CODE ADDRESS : 1889 ALAMEDA DIABLO
01 CITY : DIABLO
STATE/ZIP : CA 94528
MORTGAGE AMOUNT : 457,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,625.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,040.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.16600
----------------------------------------------------------------
0 0031374648 MORTGAGORS: CLANCY MICHAEL
CLANCY MOLLY
REGION CODE ADDRESS : 3440 VALENCIA COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,808.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.88200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,350.00
P & I AMT: 10,503.85
UPB AMT: 1,536,153.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031374671 MORTGAGORS: BERRY KEVIN
BERRY HEIDI
REGION CODE ADDRESS : 218 WHISPERING HILLS DRIVE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60563
MORTGAGE AMOUNT : 178,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,875.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,190.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031374770 MORTGAGORS: TRAUTWEIN BLAIR
TRAUTWEIN SUZANNE
REGION CODE ADDRESS : 1819 LAKESHORE CIRCLE
01 CITY : FORT COLLINS
STATE/ZIP : CO 80525
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,812.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0031374838 MORTGAGORS: LEONHARD RAYMOND
LEONHARD MARYLYNNE
REGION CODE ADDRESS : 1702 LANDON HILL ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,725.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,310.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.76700
----------------------------------------------------------------
0 0031374887 MORTGAGORS: PAYNE DAVID
SMATHERS MARY
REGION CODE ADDRESS : 2768 MIRA BELLA CIRCLE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,451.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,304.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.40000
----------------------------------------------------------------
0 0031374903 MORTGAGORS: QUINN BRIAN
QUINN KRISTINE
REGION CODE ADDRESS : 1265 REDWOOD LANE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,255.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.07407
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,603,875.00
P & I AMT: 10,938.33
UPB AMT: 1,602,120.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031374929 MORTGAGORS: CLARK STEVEN
CLARK ANN
REGION CODE ADDRESS : 633 BURTON DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,555.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.67441
----------------------------------------------------------------
0 0031374960 MORTGAGORS: FRANCIS WILLIAM
FRANCIS MARY
REGION CODE ADDRESS : 23 WARRICK COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,595.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.94117
----------------------------------------------------------------
0 0031374978 MORTGAGORS: HOLMES LEVELL
REGION CODE ADDRESS : 921 WEST SIERRA AVENUE
01 CITY : COTATI
STATE/ZIP : CA 94931
MORTGAGE AMOUNT : 381,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,403.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,599.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.41400
----------------------------------------------------------------
0 0031375009 MORTGAGORS: ARIA ARTHUR
ARIA CHRISTINE
REGION CODE ADDRESS : 101 SAINT CLAIR AVENUE
01 CITY : SPRING LAKE
STATE/ZIP : NJ 07762
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0031375132 MORTGAGORS: WOOD JUSTIN
REGION CODE ADDRESS : 21810 BALDWIN DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,692.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,971,000.00
P & I AMT: 13,460.46
UPB AMT: 1,969,247.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031375249 MORTGAGORS: TARNAY FREDERICK
TARNAY SHARON
REGION CODE ADDRESS : 3112 EAST GAINSBOROUGH ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031375264 MORTGAGORS: ROSTEN JAMES
REGION CODE ADDRESS : 1280 SHADYBROOK DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 398,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,891.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,752.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.44300
----------------------------------------------------------------
0 0031375280 MORTGAGORS: SMITH GREGORY
SMITH DEBRA
REGION CODE ADDRESS : 3124 ISLAND VIEW DRIVE
01 CITY : SAN BUENAVENTURA
STATE/ZIP : CA 93003
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031375736 MORTGAGORS: FAERBER KARL
REGION CODE ADDRESS : 930 PLEASANT HOLLOW TR
01 CITY : ALPHARETTA
STATE/ZIP : GA 30201
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,329.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.78700
----------------------------------------------------------------
0 0031375850 MORTGAGORS: AMATO BONNIE
AMATO MICHAEL
REGION CODE ADDRESS : 603 BRAXTON PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22301
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,255.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,500.00
P & I AMT: 11,081.83
UPB AMT: 1,592,804.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031376080 MORTGAGORS: SOUDERS MARK
SOUDERS LEILANI
REGION CODE ADDRESS : 4939 WILD CHERRY LANE
01 CITY : LOWER MACUNGIE
STATE/ZIP : PA 18062
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,803.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031376379 MORTGAGORS: CHAVEZ DAVID
CHAVEZ LAURA
REGION CODE ADDRESS : 5302 WEST MCNEILL STREET
01 CITY : LAVEEN
STATE/ZIP : AZ 85339
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,320.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031376569 MORTGAGORS: SANGER HENRY
REGION CODE ADDRESS : 310 OLD HARBOR ROAD
01 CITY : CHATHAM
STATE/ZIP : MA 02633
MORTGAGE AMOUNT : 112,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 751.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.44117
----------------------------------------------------------------
0 0031376726 MORTGAGORS: NGYUEN TRUNG
REGION CODE ADDRESS : 3509 SAN PATRICIO DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 107,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,869.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 754.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.63000
----------------------------------------------------------------
0 0031377005 MORTGAGORS: KELLY MARTIN
KELLY DINA
REGION CODE ADDRESS : 14 HILLVIEW COURT
01 CITY : COMMACK
STATE/ZIP : NY 11725
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,796.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.11940
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 945,400.00
P & I AMT: 6,386.58
UPB AMT: 944,740.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377120 MORTGAGORS: STAHL MARILYN
STAHL ALVAN
REGION CODE ADDRESS : 390 COMMONWEALTH AVENUE UNIT #201
01 CITY : BOSTON
STATE/ZIP : MA 02215
MORTGAGE AMOUNT : 110,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 731.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 40.44100
----------------------------------------------------------------
0 0031377211 MORTGAGORS: BENEDETTI GARY
BENEDETTI CYNTHIA
REGION CODE ADDRESS : 18121 HAYLOFT DRIVE
01 CITY : DERWOOD
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 389,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.15200
----------------------------------------------------------------
0 0031377286 MORTGAGORS: FINERTY ROBERT
FINERTY JANICE
REGION CODE ADDRESS : 448 LEXINGTON LANE
01 CITY : GRAYSLAKE
STATE/ZIP : IL 60030
MORTGAGE AMOUNT : 139,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 924.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.53107
----------------------------------------------------------------
0 0031377427 MORTGAGORS: AVILES RAFAEL
AVILES VIVIAN
REGION CODE ADDRESS : 25835 SW 197 AVE
01 CITY : HOMESTEAD
STATE/ZIP : FL 33031
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,221.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031377500 MORTGAGORS: NICHOLSON DANIEL
NICHOLSON ELIZABETH
REGION CODE ADDRESS : 1213 WEST NEWPORT AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,250,950.00
P & I AMT: 8,779.29
UPB AMT: 1,250,950.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377773 MORTGAGORS: SCHROEDER DOUGLAS
MAYHEW ELIZABETH
REGION CODE ADDRESS : 6062 NORTH 26TH STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,194.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031378318 MORTGAGORS: O'BRIEN BORUE
O'BRIEN SANDRA
REGION CODE ADDRESS : 200 QUEENS LANE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,526.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 37.46660
----------------------------------------------------------------
0 0031378342 MORTGAGORS: BENNEWITZ GLORIA
REGION CODE ADDRESS : 106 MARINERO CIRCLE
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,642.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.85700
----------------------------------------------------------------
0 0031378367 MORTGAGORS: PRINTY TERRY
REGION CODE ADDRESS : 3454 OUTLOOK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 333,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,115.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.49400
----------------------------------------------------------------
0 0031378425 MORTGAGORS: POTVIN RICHARD
POTVIN EILEEN
REGION CODE ADDRESS : 3924 MONTEGO DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,747.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,000.00
P & I AMT: 10,129.36
UPB AMT: 1,463,226.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031378581 MORTGAGORS: KHOSSOUSSI SHIRIN
REGION CODE ADDRESS : 324 N. PALM DRIVE #103
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,494.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031378615 MORTGAGORS: ROSENBERG GARY
ROSENBERG KELLY
REGION CODE ADDRESS : ROSEWOOD SHADY LANE
01 CITY : HOT SPRINGS
STATE/ZIP : VA 24445
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 38.07100
----------------------------------------------------------------
0 0031378797 MORTGAGORS: DANIELS THOMAS
DANIELS PAMELA
REGION CODE ADDRESS : 1812 INNSBRUCK LANE
01 CITY : FORT SMITH
STATE/ZIP : AR 72908
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,608.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.44444
----------------------------------------------------------------
0 0031378896 MORTGAGORS: LUIK PAUL
LUIK DEBORAH
REGION CODE ADDRESS : 16 CREST COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,380.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031378912 MORTGAGORS: HARNISH DAVID
DUMAS LESLIE
REGION CODE ADDRESS : 3342 SPRINGHILL ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,613.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.44800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,432,600.00
P & I AMT: 9,889.44
UPB AMT: 1,430,627.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031379241 MORTGAGORS: KRIEGER TIMOTHY
KRIEGER SARAH
REGION CODE ADDRESS : 16625 40TH AVENUE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 234,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,267.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031379456 MORTGAGORS: JOHNSON BRUCE
JOHNSON GRETA
REGION CODE ADDRESS : 849 TYNER WAY
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,673.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031379746 MORTGAGORS: BOYD ROBERT
MCARTHY DIANNE
REGION CODE ADDRESS : 6404 DAMASCUS ROAD
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 311,774.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,410.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.07800
----------------------------------------------------------------
0 0031379811 MORTGAGORS: RUFFER RICHARD
RUFFER MARIA
REGION CODE ADDRESS : 12 ASPEN WAY
01 CITY : MORRIS TWP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,578.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.33300
----------------------------------------------------------------
0 0031380637 MORTGAGORS: ABULS PETERIS
ABULS CHERIE
REGION CODE ADDRESS : 509 CHERRY STREET
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.69200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,224.00
P & I AMT: 10,927.40
UPB AMT: 1,572,701.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031380660 MORTGAGORS: SILVER RICHARD
SILVER LISA
REGION CODE ADDRESS : 404 8TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,279.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,259.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.25200
----------------------------------------------------------------
0 0031381551 MORTGAGORS: CLARK JEFF
CLARK JACKIE
REGION CODE ADDRESS : 2106 EAST NORCROFT STREET
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.55300
----------------------------------------------------------------
0 0031381577 MORTGAGORS: MAYO DAVID
MAYO MISTI
REGION CODE ADDRESS : 4347 NORMANDY AVENUE
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 350,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,126.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,390.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031382070 MORTGAGORS: EVANS RUSSELL
EVANS SUE
REGION CODE ADDRESS : 242 RICHAVEN ROAD
01 CITY : CLARKSVILLE
STATE/ZIP : TN 37043
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,800.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031382476 MORTGAGORS: ANDERSON JOHN
REGION CODE ADDRESS : 252 COLD SPRING ROAD
01 CITY : AVON
STATE/ZIP : CT 06001
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,752,400.00
P & I AMT: 11,993.84
UPB AMT: 1,750,680.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031382484 MORTGAGORS: BERNHARD JOSEPH
BERNHARD SHIRLEY
REGION CODE ADDRESS : 4930 AVENIDA DE LAS ESTRELLAS
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,816.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.84800
----------------------------------------------------------------
0 0031382591 MORTGAGORS: MCKEE WILLIAM
MCKEE JOANNE
REGION CODE ADDRESS : 14241 HALF MOON BAY DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031382609 MORTGAGORS: SAIDI JACOB
SAIDI RACHEL
REGION CODE ADDRESS : 2320 KELTON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 309,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,276.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.90000
----------------------------------------------------------------
0 0031382682 MORTGAGORS: SANTOS EMERITA
REGION CODE ADDRESS : 33 COLONIAL COURT
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,758.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031382740 MORTGAGORS: CORY VICTORIA
CORY DAVID
REGION CODE ADDRESS : 17W012 BURR OAK LANE
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 352,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,544.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,554,800.00
P & I AMT: 10,954.64
UPB AMT: 1,550,644.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031383037 MORTGAGORS: ROMEO DOMINICK
ROMEO SUSAN
REGION CODE ADDRESS : 176 PARK AVENUE
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 172,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,350.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.76700
----------------------------------------------------------------
0 0031383540 MORTGAGORS: SCHERER KEVIN
SCHERER MICHELLE
REGION CODE ADDRESS : 5322 HARBOR TOWN DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 615,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 614,720.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,196.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031383664 MORTGAGORS: LAWHON JASPER
LAWHON ETHEL
REGION CODE ADDRESS : 13002 PEBBLE BEACH DRIVE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20902
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,573.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031384688 MORTGAGORS: PEARCE MICHAEL
PEARCE JANET
REGION CODE ADDRESS : 3339 AMY DRIVE
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,884.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,132.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031384795 MORTGAGORS: PORTER JEFFREY
PORTER BETH
REGION CODE ADDRESS : 325 BLOOMFIELD ROAD
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 360,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,235.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,250.00
P & I AMT: 10,866.13
UPB AMT: 1,550,913.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031384852 MORTGAGORS: STEWART-BUSSEY DUKE
STEWART-BUSSEY ELYSABETH
REGION CODE ADDRESS : 1020 ORO STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 517,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,586.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,483.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.92700
----------------------------------------------------------------
0 0031384894 MORTGAGORS: SUN LARRY
SERA-SUN DAWN
REGION CODE ADDRESS : 30 SERENITY LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.36300
----------------------------------------------------------------
0 0031384936 MORTGAGORS: LYNCH THERESE
REGION CODE ADDRESS : 1426 ORIBIA ROAD
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,747.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031384985 MORTGAGORS: NEAG THEODORE
NEAG PATRICIA
REGION CODE ADDRESS : 1737 REDWOOD WAY
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031385016 MORTGAGORS: DICKSON WILLIAM
DICKSON SHELLEY
REGION CODE ADDRESS : 9615 TRAIL HILL DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75238
MORTGAGE AMOUNT : 189,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 189,452.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,293.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.83100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,600.00
P & I AMT: 10,796.22
UPB AMT: 1,569,392.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031385057 MORTGAGORS: LIU BRUCE
REGION CODE ADDRESS : 4085 WOODSTOCK ROAD
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 371,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,981.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031385180 MORTGAGORS: DAYUS BRIAN
DAYUS ARMIDA
REGION CODE ADDRESS : 1330 SUGARBUSH DRIVE
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,030.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031385289 MORTGAGORS: BAKER GARY
BAKER KAREN
REGION CODE ADDRESS : 733 GALISTEO ST.
01 CITY : SANTE FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.55200
----------------------------------------------------------------
0 0031386733 MORTGAGORS: GITTMAN ALLAN
REGION CODE ADDRESS : 2312 NE 27TH ST
01 CITY : LIGHTHOUSE POINT
STATE/ZIP : FL 33064
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,690.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,811.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.07400
----------------------------------------------------------------
0 0031387202 MORTGAGORS: HENLEY KEN
HENLEY BARBARA
REGION CODE ADDRESS : 124 ZINFANDEL CIRCLE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,541.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.12820
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,500.00
P & I AMT: 11,428.16
UPB AMT: 1,651,015.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031387301 MORTGAGORS: HILL CAROLYN
CAMPBELL MARY
REGION CODE ADDRESS : 443 ALTA AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,600.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031387343 MORTGAGORS: SCHEFLER CHRISTOPHER
REGION CODE ADDRESS : 822 COLUMBIA STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,759.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031387384 MORTGAGORS: PHILLIPS GARY
PHILLIPS ARSINE
REGION CODE ADDRESS : 336 SOUTH ROSSMORE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90020
MORTGAGE AMOUNT : 544,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,586.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,757.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.40000
----------------------------------------------------------------
0 0031387475 MORTGAGORS: SALAMA JOSEPH
SALAMA KIMBERLY
REGION CODE ADDRESS : 12700 YATES FORD ROAD
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.89000
----------------------------------------------------------------
0 0031387962 MORTGAGORS: ROHAN JOHN
ROHAN BARBARA
REGION CODE ADDRESS : 5 KNOLLWOOD DRIVE
01 CITY : YARMOUTHPORT
STATE/ZIP : MA 02675
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,899.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 943.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 78.48800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,800.00
P & I AMT: 10,735.78
UPB AMT: 1,547,845.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031387970 MORTGAGORS: JOHNSON JOHN
JOHNSON MARGARET
REGION CODE ADDRESS : 1400 OCEAN BOULEVARD UNIT 118
01 CITY : ST SIMONS ISLAND
STATE/ZIP : GA 31522
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,478.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031388028 MORTGAGORS: CHU KIM-KWOK
CHOI YING-LAI
REGION CODE ADDRESS : 3000 ROSE ARBOR COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 261,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,185.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99730
----------------------------------------------------------------
0 0031388150 MORTGAGORS: ABRAMS LAURA
ABRAMS MICHAEL
REGION CODE ADDRESS : 409 BLAIR LANE
01 CITY : BOLINGBROOK
STATE/ZIP : IL 60440
MORTGAGE AMOUNT : 101,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 675.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.03500
----------------------------------------------------------------
0 0031388309 MORTGAGORS: MOKHTARI KAMRAN
MOKHTARI AZITA
REGION CODE ADDRESS : 24701 DEVONPORT CIRCLE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,829.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.92000
----------------------------------------------------------------
0 0031389513 MORTGAGORS: SHANKWILER DAVID
SHANKWILER RUTH
REGION CODE ADDRESS : 2199 EAST MOUNTAIN STREET
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,788.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,200,900.00
P & I AMT: 8,187.50
UPB AMT: 1,199,782.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031389539 MORTGAGORS: MATTHEWS EDWARD
MATTHEWS REBA
REGION CODE ADDRESS : 7658 EAST BRIDGEWOOD DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,713.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031389570 MORTGAGORS: GOUGH ROBERT
GOUGH CHRISTI
REGION CODE ADDRESS : 3070 MARNA AVENUE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90808
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031389794 MORTGAGORS: CUSIMANO ANTHONY
CUSIMANO DIANE
REGION CODE ADDRESS : 40 SPRING MEADOW LANE
01 CITY : READING
STATE/ZIP : PA 19606
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,785.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031390206 MORTGAGORS: SANDERSON AURIEL
REGION CODE ADDRESS : 24603 VIA TECOLOTE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,741.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031390222 MORTGAGORS: BLUMENFELD MARK
BLUMENFELD BEVERLY
REGION CODE ADDRESS : 406 CANYON ACRES DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 122,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,606.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 847.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 18.17700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,700.00
P & I AMT: 9,518.01
UPB AMT: 1,398,600.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031390693 MORTGAGORS: BREEN THOMAS
BREEN ELIZABETH
REGION CODE ADDRESS : 557 KIOWA DRIVE
01 CITY : FRANKLIN LAKES
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.31100
----------------------------------------------------------------
0 0031391071 MORTGAGORS: KO JIMMY
KO YOUNG
REGION CODE ADDRESS : 6562 WINTERSET WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,385.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,540.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.77770
----------------------------------------------------------------
0 0031391386 MORTGAGORS: RUCKER JOHN
RUCKER PAULA
REGION CODE ADDRESS : 5901 PENFIELD AVENUE
01 CITY : LOS ANGELES (WOODLAND HIL
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,710.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031391402 MORTGAGORS: SHAW LINCOLN
SHAW KIRSTEN
REGION CODE ADDRESS : 135 MOUNTAIN SPRING AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 594,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 593,137.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,204.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.56200
----------------------------------------------------------------
0 0031391501 MORTGAGORS: SCHERER BERNARD
SCHERER HELENE
REGION CODE ADDRESS : 2225 VINA DEL MAR
01 CITY : OXNARD
STATE/ZIP : CA 93035
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,106,000.00
P & I AMT: 14,643.07
UPB AMT: 2,103,657.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031391733 MORTGAGORS: LANZA LEONARD
LANZA JAMEELA
REGION CODE ADDRESS : 286 CORAL REEF AVENUE
01 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,583.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031391782 MORTGAGORS: GERBER SCOTT
GERBER JESSICA
REGION CODE ADDRESS : 71 KNIGHT DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,633.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031391899 MORTGAGORS: RYERSON RICHARD
RYERSON PATRICIA
REGION CODE ADDRESS : 475 RIVIERA CIRCLE
01 CITY : LARKSPUR
STATE/ZIP : CA 94939
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 39.31000
----------------------------------------------------------------
0 0031391923 MORTGAGORS: LERNER MICHAEL
LERNER KATHY
REGION CODE ADDRESS : 410 HILLDALE WAY
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,421.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,660.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031391949 MORTGAGORS: CONNELLY PATRICK
CONNELLY LISA
REGION CODE ADDRESS : 9410 MANZANITA AVENUE UNIT #B
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,495.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,513,000.00
P & I AMT: 10,914.29
UPB AMT: 1,510,709.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031392038 MORTGAGORS: LAZARUS ANDREW
LAZARUS DONNA
REGION CODE ADDRESS : 23 OVERBROOK DRIVE
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,309.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031392137 MORTGAGORS: WHITE BRUCE
WHITE BETTY
REGION CODE ADDRESS : 1440 VALLE GRANDE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,056.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031392269 MORTGAGORS: JACOBI PETER
JACOBI KAREN
REGION CODE ADDRESS : 137 LYME ROAD
01 CITY : HANOVER
STATE/ZIP : NH 03755
MORTGAGE AMOUNT : 291,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,688.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97200
----------------------------------------------------------------
0 0031392350 MORTGAGORS: RODRIGUES MARK
RODRIGUES CATHLEEN
REGION CODE ADDRESS : 1430 SUNRISE DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 264,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,182.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031392988 MORTGAGORS: CANNON DON
REGION CODE ADDRESS : 18 MAPLE DRIVE
01 CITY : CONSHOHOCKEN
STATE/ZIP : PA 19428
MORTGAGE AMOUNT : 101,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 816.70 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,100.00
P & I AMT: 11,101.66
UPB AMT: 1,561,736.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031393093 MORTGAGORS: STERNER RICHARD
STERNER BARBARA
REGION CODE ADDRESS : 678 DEERPATH LANE
01 CITY : LOWER MAKEFIELD
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,301.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031393788 MORTGAGORS: GOSS DONALD
GOSS SHELLEY
REGION CODE ADDRESS : 230 OAKMONT DR
01 CITY : KERNERSVILLE
STATE/ZIP : NC 27284
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,240.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031393838 MORTGAGORS: PUGH MARK
PUGH CAROL
REGION CODE ADDRESS : 6013 OLDE HARTLEY PLACE
01 CITY : GLEN ALLEN
STATE/ZIP : VA 23060
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,807.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031393978 MORTGAGORS: BIRD STEPHEN
BIRD DIANE
REGION CODE ADDRESS : 14 WALNUT PLACE
01 CITY : NEWTON
STATE/ZIP : MA 02161
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,468.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.69400
----------------------------------------------------------------
0 0031394018 MORTGAGORS: HENNESSY ROBERT
HENNESSY SANDRA
REGION CODE ADDRESS : 8 MAGNOLIA DRIVE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.94500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,272,550.00
P & I AMT: 8,865.82
UPB AMT: 1,269,849.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031394091 MORTGAGORS: STADAMIRE HOSIE
REGION CODE ADDRESS : 8349 NORTH FOSS AVENUE
01 CITY : PORTLAND
STATE/ZIP : OR 97203
MORTGAGE AMOUNT : 104,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,922.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 727.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.08700
----------------------------------------------------------------
0 0031394117 MORTGAGORS: GUNDERSEN TED
GUNDERSEN ANN
REGION CODE ADDRESS : 5257 WEST CONEWOOD STREET
01 CITY : WEST VALLEY CITY
STATE/ZIP : UT 84120
MORTGAGE AMOUNT : 85,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 85,534.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 591.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031394125 MORTGAGORS: BOWLES EDWIN
BOWLES PATRICIA
REGION CODE ADDRESS : 31782 VIA DEL VIENTO
01 CITY : TRABUCO CANYON(AREA)
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,794.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031394158 MORTGAGORS: COLEMAN LARRY
COLEMAN JULIE
REGION CODE ADDRESS : 920 NORTH SIESTA STREET
01 CITY : ANAHEIM
STATE/ZIP : CA 92801
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,913.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,014.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 78.48800
----------------------------------------------------------------
0 0031394166 MORTGAGORS: FRANCO JESUS
GRAMAGLIA MICHELE
REGION CODE ADDRESS : 1443 BELLEVILLE WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 48.54369
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 858,600.00
P & I AMT: 6,133.78
UPB AMT: 857,989.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031394331 MORTGAGORS: AZAD SAEED
TAFAZZOLI GITA
REGION CODE ADDRESS : 74 HASKINS RANCH CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,775.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.92900
----------------------------------------------------------------
0 0031394422 MORTGAGORS: CASADO RODEMPTA
REGION CODE ADDRESS : 910 GELLERT BOULEVARD
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,642.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031394471 MORTGAGORS: SEIDEL AUDREY
REGION CODE ADDRESS : 3148 SOMERSET PLACE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,261.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,342.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031394489 MORTGAGORS: KARR MICHAEL
KARR LISA
REGION CODE ADDRESS : 1106 PORTO ALEGRE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,371.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031394513 MORTGAGORS: SEFIDPOUR SHAHRYAR
SEFIDPOUR MOJGAN
REGION CODE ADDRESS : 2470 HALLMARK DRIVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,335.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,004.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.97000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,842,200.00
P & I AMT: 12,721.06
UPB AMT: 1,839,386.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031394539 MORTGAGORS: BELL MARK
REGION CODE ADDRESS : 1212 GLEN AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,517.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031394588 MORTGAGORS: GATES GARY
REGION CODE ADDRESS : 676 36TH AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 162,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 162,269.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,164.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031394596 MORTGAGORS: MOYE ALFRED
REGION CODE ADDRESS : 124 GRAMERCY DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,760.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,258.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.26600
----------------------------------------------------------------
0 0031394612 MORTGAGORS: WILLIAMS GEORGE
WILLIAMS GLORIA
REGION CODE ADDRESS : 11351 CHULA VISTA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.91100
----------------------------------------------------------------
0 0031394653 MORTGAGORS: STRACK GAIL
REGION CODE ADDRESS : 2209 PTARMIGAN DRIVE #1
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,902.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 922.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,237,500.00
P & I AMT: 8,660.14
UPB AMT: 1,235,999.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031394752 MORTGAGORS: HART TIMOTHY
HART LAURIE
REGION CODE ADDRESS : 301 PRISM LANE
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 948.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 76.33500
----------------------------------------------------------------
0 0031394935 MORTGAGORS: FLEMING GARY
FLEMING JANICE
REGION CODE ADDRESS : 12 TWIN BRANCH
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 421,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,021.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,874.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031395882 MORTGAGORS: PICKLE DAVID
DOERSCH PATRICIA
REGION CODE ADDRESS : 703 TIMBER BRANCH DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22302
MORTGAGE AMOUNT : 326,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,301.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031395999 MORTGAGORS: BASHIST NEIL
BASHIST MARCY
REGION CODE ADDRESS : 14008 GIANT FOREST LOOP
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.54300
----------------------------------------------------------------
0 0031396088 MORTGAGORS: WHITTON JEFF
WHITTON KELLY
REGION CODE ADDRESS : 11059 TWINLEAF WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,032.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.90476
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,948,150.00
P & I AMT: 13,353.18
UPB AMT: 1,945,728.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396104 MORTGAGORS: CASTANARES RAMON
WINDHAM-CASTANARES ROXIE
REGION CODE ADDRESS : 3855 MESA VISTA WAY
01 CITY : BONITA AREA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,631.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 40.00000
----------------------------------------------------------------
0 0031396120 MORTGAGORS: FREEDMAN FRANCES
REGION CODE ADDRESS : 130 BAYVIEW DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 295,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,826.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.82500
----------------------------------------------------------------
0 0031396146 MORTGAGORS: RAYMOND JOSEPH
RAYMOND JO ELLEN
REGION CODE ADDRESS : 6508 EAST BAYSHORE WALK
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 553,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 552,216.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,961.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.89700
----------------------------------------------------------------
0 0031396161 MORTGAGORS: JACOBSEN SIDNEY
JACOBSEN MICHAELENE
REGION CODE ADDRESS : 5269 AVENIDA CANTARIA
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,368.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031396195 MORTGAGORS: MORELAND SUSAN
REGION CODE ADDRESS : 328 NORTH ALMENAR DRIVE
01 CITY : GREENBRAE
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,517.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,864,300.00
P & I AMT: 13,128.47
UPB AMT: 1,861,561.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396237 MORTGAGORS: LEWELLEN GREGORY
LEWELLEN MICHELLE
REGION CODE ADDRESS : 1740 WALNUT DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.15000
----------------------------------------------------------------
0 0031396278 MORTGAGORS: GOGARTY SEAN
GOGARTY MARGARET
REGION CODE ADDRESS : 1285 CORTEZ AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 527,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 526,215.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,684.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.87500
----------------------------------------------------------------
0 0031396294 MORTGAGORS: RONQUILLO SALLY
REGION CODE ADDRESS : 1632 14TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 517,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,785.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,752.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031396328 MORTGAGORS: JOHNSON HAL
JOHNSON WENDY
REGION CODE ADDRESS : 310 SOUTH MORNING SUN AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,261.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,219.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0031396351 MORTGAGORS: RATHBUN DEAN
RATHBUN PATRICE
REGION CODE ADDRESS : 25 EARLYMORN
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 344,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,848.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.55500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,201,000.00
P & I AMT: 15,731.10
UPB AMT: 2,197,604.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396435 MORTGAGORS: NIELSEN IB
NIELSEN WENDY
REGION CODE ADDRESS : 60 LAMBETH SQUARE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,682.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.04300
----------------------------------------------------------------
0 0031396476 MORTGAGORS: DIAS DERRYCK
DIAS YVETTE
REGION CODE ADDRESS : 42 RANCH ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,467.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,324.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031396492 MORTGAGORS: HAYES BRANDON
COTTER-HAYES TRACY
REGION CODE ADDRESS : 6688 NORCLIFF DR
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,225.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031396500 MORTGAGORS: HARRIS CHARLES
HARRIS FLORENCE
REGION CODE ADDRESS : 1892 LOS ALTOS DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,511.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.82600
----------------------------------------------------------------
0 0031396534 MORTGAGORS: SCHAEFER RICHARD
SCHAEFER SANDRA
REGION CODE ADDRESS : 663 SECOND STREET EAST
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,606.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.47100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,882,600.00
P & I AMT: 12,815.45
UPB AMT: 1,880,492.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396583 MORTGAGORS: OWENS THOMAS
RASMUSSEN DIANE
REGION CODE ADDRESS : 12212 FIORI LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,681.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.15300
----------------------------------------------------------------
0 0031396674 MORTGAGORS: PEARCE JOHN
PEARCE VIVIENNE
REGION CODE ADDRESS : 412 LIGHTHOUSE AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,762.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.77700
----------------------------------------------------------------
0 0031396708 MORTGAGORS: COOPER STEVEN
COOPER BARBARA
REGION CODE ADDRESS : 210 BRAEMOOR DRIVE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031396724 MORTGAGORS: BEDELL GEORGE
BEDELL PENNY
REGION CODE ADDRESS : 2444 SAN SABA ST
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 233,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,217.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.94945
----------------------------------------------------------------
0 0031396740 MORTGAGORS: CUFF PAUL
CUFF SHARON
REGION CODE ADDRESS : 3091 WINDMILL CANYON DR
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 258,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,408.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,000.00
P & I AMT: 9,044.77
UPB AMT: 1,317,870.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396815 MORTGAGORS: CAILLOUETTE JEAN
CARSON DANIEL
REGION CODE ADDRESS : 15593 GRISCOM WAY
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 301,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,337.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.84900
----------------------------------------------------------------
0 0031396856 MORTGAGORS: BOVEE-OLSON LOREN
BOVEE-OLSON MICHELLE
REGION CODE ADDRESS : 20111 KLINE DRIVE
01 CITY : SANTA ANA (AREA)
STATE/ZIP : CA 92707
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031396864 MORTGAGORS: SHAHID SONIA
REGION CODE ADDRESS : 1338 SHOAL DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 338,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,148.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031396880 MORTGAGORS: VERHEYEN KENNETH
VERHEYEN TERA
REGION CODE ADDRESS : 1501 GALAXY DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,630.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,349.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.66666
----------------------------------------------------------------
0 0031396922 MORTGAGORS: TUMOLO ANNETTE
APPLEWOOD CHERYL
REGION CODE ADDRESS : 3840 RANDOLPH AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,577.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.71428
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,450.00
P & I AMT: 11,338.30
UPB AMT: 1,631,009.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396989 MORTGAGORS: VACULIN WILLIAM
VACULIN FRANCES
REGION CODE ADDRESS : 7 BRIGHTWOOD WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 596,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 595,043.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,015.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.24240
----------------------------------------------------------------
0 0031397144 MORTGAGORS: CHELSTOWSKI RAYMOND
CHELSTOWSKI CATHERINE
REGION CODE ADDRESS : 11 HOLLOW SPRING ROAD
01 CITY : NORWALK
STATE/ZIP : CT 06854
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,789.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031397342 MORTGAGORS: ANDREWS BLAKE
ANDREWS ANNA MARIE
REGION CODE ADDRESS : 14440 LAVA DOME WAY
01 CITY : NEVADA CITY
STATE/ZIP : CA 95959
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031397375 MORTGAGORS: RAVENTOS WILLIAM
KING YING MISHELLE
REGION CODE ADDRESS : 907 10TH ST
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 453,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,094.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,095.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031397391 MORTGAGORS: CIOFAL FRANCES
REGION CODE ADDRESS : 16857 BELLOTA DR
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 124,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,402.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 849.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.23500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,750,250.00
P & I AMT: 12,015.56
UPB AMT: 1,748,119.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031397417 MORTGAGORS: OWEN WILLIAM
OWEN JERRI
REGION CODE ADDRESS : 30985 SANTIAGO RD
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,775.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.59300
----------------------------------------------------------------
0 0031397441 MORTGAGORS: DOW RONALD
DOW ALIDA
REGION CODE ADDRESS : 3876 QUIMBY ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,764.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.15300
----------------------------------------------------------------
0 0031397482 MORTGAGORS: BOWMAN CHARLES
REGION CODE ADDRESS : 4427 PLUMOSA WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,790.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.49300
----------------------------------------------------------------
0 0031397524 MORTGAGORS: SCHAAL RUSSELL
SCHAAL LEITHA
REGION CODE ADDRESS : 4321 LINDEN AVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 403,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,900.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,819.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031397565 MORTGAGORS: HANSEN ROLAND
HANSEN LORRAINE
REGION CODE ADDRESS : 1580 OLD MAMMOTH ROAD UNIT 519
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93546
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.07100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,607,200.00
P & I AMT: 11,367.76
UPB AMT: 1,606,034.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031397573 MORTGAGORS: DAHLSTROM CHRIS
DAHLSTROM SUSAN
REGION CODE ADDRESS : 424 N ONTARE RD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.86900
----------------------------------------------------------------
0 0031397649 MORTGAGORS: HUIZAR SALVADOR
HUIZAR SOCORRO
REGION CODE ADDRESS : 200 BETTYHILL AVE
01 CITY : DUARTE
STATE/ZIP : CA 91010
MORTGAGE AMOUNT : 143,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,048.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,026.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031397722 MORTGAGORS: SAMUELIAN ROBERT
SAMUELIAN SHERIE
REGION CODE ADDRESS : 77 SAN RAPHAEL
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,482.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.25500
----------------------------------------------------------------
0 0031397813 MORTGAGORS: BRANDEBURG MICHAEL
BRANDEBURG HEATHER
REGION CODE ADDRESS : 1510 GREAT HERON DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,586.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031398035 MORTGAGORS: STOLZ ROBERT
STOLZ JACQUELINE
REGION CODE ADDRESS : 1320 FAIRWAY DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 329,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,242.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.45230
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,401,750.00
P & I AMT: 9,558.30
UPB AMT: 1,400,087.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031398092 MORTGAGORS: FEENEY COLEEN
HICKEY GRACE
REGION CODE ADDRESS : 5 SCOTTO DRIVE
01 CITY : MILLSTONE
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,210.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031398241 MORTGAGORS: JOHNSON MARY
REGION CODE ADDRESS : 1370 KENTUCKY GREENS WAY
01 CITY : NEWCASTLE
STATE/ZIP : CA 95658
MORTGAGE AMOUNT : 304,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,068.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.15200
----------------------------------------------------------------
0 0031398274 MORTGAGORS: BRIGGS JACK
BRIGGS IRENE
REGION CODE ADDRESS : 602 8TH STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,243.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031398290 MORTGAGORS: FOX ANDREW
FOX LYNNE
REGION CODE ADDRESS : 1209 DANIELS DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,269.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.90900
----------------------------------------------------------------
0 0031398308 MORTGAGORS: SPIEGELMAN BRUCE
REGION CODE ADDRESS : 116 ROSS VALLEY DRIVE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,780.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,200.00
P & I AMT: 10,582.54
UPB AMT: 1,535,572.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031398746 MORTGAGORS: HAASE CAROLYN
REGION CODE ADDRESS : 4623 KIRKLAND PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22311
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,280.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.99800
----------------------------------------------------------------
0 0031398811 MORTGAGORS: HARRISON MONIKA
REGION CODE ADDRESS : 2418 GRETTER PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22311
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.46251
----------------------------------------------------------------
0 0031398845 MORTGAGORS: WOLL LOREN
WOLL LYNN
REGION CODE ADDRESS : 10153 CREBS AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91324
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,618.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031399058 MORTGAGORS: JOSEFSBERG BERNARD
TERUMOTO TAE
REGION CODE ADDRESS : 151 PERSHING AVENUE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.47300
----------------------------------------------------------------
0 0031400039 MORTGAGORS: ISTRATE CONSTANTIN
ISTRATE SIMONA
REGION CODE ADDRESS : 1556 TURNBULL CANYON ROAD
01 CITY : HACIENDA HEIGHTS
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 291,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,472.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.83700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,200.00
P & I AMT: 8,584.91
UPB AMT: 1,282,371.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031400062 MORTGAGORS: HOWELLS JOHN
HOWELLS TERRI
REGION CODE ADDRESS : 2249 WARMLANDS AVENUE
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,787.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.44400
----------------------------------------------------------------
0 0031400096 MORTGAGORS: MITOBE ERIC
REGION CODE ADDRESS : 23018 FELBAR AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,407.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.77700
----------------------------------------------------------------
0 0031400328 MORTGAGORS: HAMANN JOHN
HAMANN ROBIN
REGION CODE ADDRESS : 562 SPEERS ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031400393 MORTGAGORS: SPECTOR HOWARD
BOHN-SPECTOR CLAUDIA
REGION CODE ADDRESS : 1905 NORTH MEADOWS AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,815.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.04700
----------------------------------------------------------------
0 0031400427 MORTGAGORS: PUCHNER ALEXANDER
PUCHNER KERRY
REGION CODE ADDRESS : 452 CABRILLO TERRACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,680.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,480,600.00
P & I AMT: 10,339.50
UPB AMT: 1,479,498.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031400450 MORTGAGORS: ROBERTS TIMOTHY
ROBERTS REBECCA
REGION CODE ADDRESS : 4791 CURTIS CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,787.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.81818
----------------------------------------------------------------
0 0031400534 MORTGAGORS: LUONI MARK
LUONI PATRICE
REGION CODE ADDRESS : 26 LEDGEWOOD DRIVE
01 CITY : RANCHO SANTA MARGARITA AR
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,550.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.48700
----------------------------------------------------------------
0 0031400559 MORTGAGORS: BREGMAN JERROLD
BREGMAN JENN
REGION CODE ADDRESS : 3413 MOORE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.28000
----------------------------------------------------------------
0 0031400567 MORTGAGORS: KOFSKY ROBIN
REGION CODE ADDRESS : 4 ALMERIA
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 259,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,697.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031400575 MORTGAGORS: BERNER JEFFREY
REGION CODE ADDRESS : 2209 FLINTRIDGE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 395,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,926.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,150.00
P & I AMT: 10,551.57
UPB AMT: 1,525,761.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031400591 MORTGAGORS: GOODELL STUART
GOODELL NORIE
REGION CODE ADDRESS : 1860 CATALINA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 423,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,693.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.93100
----------------------------------------------------------------
0 0031400641 MORTGAGORS: TELLERINE PHILIP
TELLERINE ISABEL
REGION CODE ADDRESS : 1368 ONTARIO AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91103
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,798.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.03600
----------------------------------------------------------------
0 0031400674 MORTGAGORS: VIOLA JOHN
VIOLA JOANNE
REGION CODE ADDRESS : 2810 CANTERBURY ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031400690 MORTGAGORS: TREACY ANNE
REGION CODE ADDRESS : 44 PULIDO COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,747.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031400716 MORTGAGORS: HEINLEIN PETER
REGION CODE ADDRESS : 1361 IDYLBERRY ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 345,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,343.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,416.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,813,600.00
P & I AMT: 12,699.23
UPB AMT: 1,812,257.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031400773 MORTGAGORS: JOSHI ABHAY
JOSHI TERESA
REGION CODE ADDRESS : 8 TWIN BRANCH
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 392,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,393.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,678.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031400823 MORTGAGORS: MADSON DAVID
DE MICHIEL HELEN
REGION CODE ADDRESS : 1602 MARIN AVE
01 CITY : ALBANY
STATE/ZIP : CA 94706
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,604.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031400849 MORTGAGORS: BANWELL SCOTT
BANWELL ELPIDIA
REGION CODE ADDRESS : 8 BOLERO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,815.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.75900
----------------------------------------------------------------
0 0031400856 MORTGAGORS: SLADE KEITH
SLADE ALLISON
REGION CODE ADDRESS : 155 BRAEMOOR DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 258,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,303.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.80500
----------------------------------------------------------------
0 0031400906 MORTGAGORS: REIDER ROBERT
DEMIAN JOANA
REGION CODE ADDRESS : 211 2ND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,355.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,600.00
P & I AMT: 9,993.93
UPB AMT: 1,457,471.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031400955 MORTGAGORS: TORRES JOSEPH
TORRES DEBORAH
REGION CODE ADDRESS : 1645 TOYON COURT
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,772.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,222.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.40700
----------------------------------------------------------------
0 0031400989 MORTGAGORS: SCHOWALTER STANLEY
SCHOWALTER BRENDA
REGION CODE ADDRESS : 12 MONTEREY
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,774.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.16200
----------------------------------------------------------------
0 0031401029 MORTGAGORS: CORZONKOFF MICHAEL
CORZONKOFF BARBARA
REGION CODE ADDRESS : 421 MARKHAM AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0031401177 MORTGAGORS: POLIZZI JOSEPH
REGION CODE ADDRESS : 925 ESCONDIDO COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 558,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,291.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,717.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031401185 MORTGAGORS: HOWARD JEFFREY
HOWARD SAN
REGION CODE ADDRESS : 5742 MIDDLE CREST DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,475.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.61100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,836,750.00
P & I AMT: 12,631.88
UPB AMT: 1,835,134.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031401219 MORTGAGORS: COSTA MARIO
COSTA LOUANNE
REGION CODE ADDRESS : 1122 PACIFIC COVE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,802.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.44800
----------------------------------------------------------------
0 0031401292 MORTGAGORS: MANNION DAVID
MANNION KELLI
REGION CODE ADDRESS : 5405 SUNSTONE AVENUE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91701
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,803.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.53800
----------------------------------------------------------------
0 0031401334 MORTGAGORS: WELLS CHRISTIE
REGION CODE ADDRESS : 685 RIVERSIDE DR
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 314,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,566.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 39.35000
----------------------------------------------------------------
0 0031401359 MORTGAGORS: TARLOV MARK
TARLOV JAMIE
REGION CODE ADDRESS : 4160 BELLINGHAM AVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,795.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.46300
----------------------------------------------------------------
0 0031401474 MORTGAGORS: MENESES MELVIN
GLORIANI MENESES THERESA
REGION CODE ADDRESS : 17022 MARIA AVE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,288.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.51600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,393,300.00
P & I AMT: 9,704.92
UPB AMT: 1,392,256.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031401532 MORTGAGORS: MAREK FREDERICK
MAREK PATRICIA
REGION CODE ADDRESS : 2801 SEPULVEDA BLVD #50
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,659.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031401607 MORTGAGORS: ZAICHIK LEONTY
ZAICHIK ANGELA
REGION CODE ADDRESS : 1845 STONESGATE STREET
01 CITY : WESTLAKE VILLAGE THOUSAND
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 269,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,559.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.47000
----------------------------------------------------------------
0 0031401623 MORTGAGORS: RYAN TIMOTHUY
RYAN MARIE
REGION CODE ADDRESS : 2643 EAST WAYWARD COURT
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,830.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.96500
----------------------------------------------------------------
0 0031401631 MORTGAGORS: TSE GREGORY
TSE RUSSITAH
REGION CODE ADDRESS : 577 EAST KELLY LANE
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 124,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,103.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 847.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.57900
----------------------------------------------------------------
0 0031401649 MORTGAGORS: WILLIAMS MICHAEL
JONES CARLA
REGION CODE ADDRESS : 2155 EAST REDWOOD DRIVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.94900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,114,950.00
P & I AMT: 7,863.33
UPB AMT: 1,113,978.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031401680 MORTGAGORS: LOUIS MATTHEW
LOUIS ANAT
REGION CODE ADDRESS : 5720 EL RINCON WAY
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,309.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.19100
----------------------------------------------------------------
0 0031402175 MORTGAGORS: STOCKEL RICHARD
REGION CODE ADDRESS : 1183B CLYDEBANK COURT
01 CITY : LAKEWOOD
STATE/ZIP : NJ 08701
MORTGAGE AMOUNT : 54,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 54,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 382.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031402340 MORTGAGORS: ANDRONICO PAUL
ANDRONICO ROBIN
REGION CODE ADDRESS : 2503 WILSON DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,423.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031402514 MORTGAGORS: ROMERO ERNEST
ROMERO THERESA
REGION CODE ADDRESS : 35 CAMINO MONTE FELIZ
01 CITY : SANTE FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,464.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 29.54500
----------------------------------------------------------------
0 0031402522 MORTGAGORS: OLSON DWAYNE
OLSON SYLIVA
REGION CODE ADDRESS : 657 GOLDEN WEST DRIVE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,889.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,117.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,048,100.00
P & I AMT: 7,349.70
UPB AMT: 1,047,087.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031402829 MORTGAGORS: JANIS TOM
JANIS MAGDALENA
REGION CODE ADDRESS : 1507 CARMEL DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,643.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,232.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031403017 MORTGAGORS: AUSTRIA JUNE
AUSTRIA SOCORRO
REGION CODE ADDRESS : 15681 ANCHORAGE DRIVE
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94579
MORTGAGE AMOUNT : 237,280.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,103.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031403215 MORTGAGORS: PERCEY DOUGLAS
REGION CODE ADDRESS : 17378 STARDUSTER DR
01 CITY : NEVADA CITY
STATE/ZIP : CA 95959
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,892.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,174.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.11100
----------------------------------------------------------------
0 0031403223 MORTGAGORS: RAKITAN JOHN
RAKITAN DORIS
REGION CODE ADDRESS : 442 AVOCET AVE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 280,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,551.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,011.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.15000
----------------------------------------------------------------
0 0031403249 MORTGAGORS: PIOMBO MARTIN
REGION CODE ADDRESS : 251 RICARDO RD
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,986.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,518.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,481,230.00
P & I AMT: 10,595.06
UPB AMT: 1,480,178.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031403256 MORTGAGORS: WAGNER MARK
LAZZARINI ANNA
REGION CODE ADDRESS : 24 LAURELWOOD AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,800.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 39.06200
----------------------------------------------------------------
0 0031403298 MORTGAGORS: URIARTE PAUL
URIARTE JENNIFER
REGION CODE ADDRESS : 3573 YORKSHIRE RD
01 CITY : PASADENA AREA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,295.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,074.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.09800
----------------------------------------------------------------
0 0031403355 MORTGAGORS: DUMAS DAVID
ARMSTRONG-DUMAS LINDA
REGION CODE ADDRESS : 120 CLEARBROOK LANE
01 CITY : AURORA
STATE/ZIP : OH 44202
MORTGAGE AMOUNT : 230,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,433.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.36900
----------------------------------------------------------------
0 0031403389 MORTGAGORS: ONG GEORGINA
REGION CODE ADDRESS : 2090 ABBEY LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,203.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,615.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.16600
----------------------------------------------------------------
0 0031403397 MORTGAGORS: HANSELAAR HENK
REGION CODE ADDRESS : 5754 SAN ELIJO
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 611,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 610,807.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,326.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,350.00
P & I AMT: 11,332.06
UPB AMT: 1,609,539.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031403421 MORTGAGORS: BHATNAGAR ANIL
BHATNAGAR MANJU
REGION CODE ADDRESS : 35680 BARNARD DR
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,803.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.89500
----------------------------------------------------------------
0 0031403462 MORTGAGORS: RICHARDSON KIRK
REGION CODE ADDRESS : 2465 CATALINA AVE
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,809.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.39436
----------------------------------------------------------------
0 0031403470 MORTGAGORS: TOVAR MARIA
PRADO JOSE
REGION CODE ADDRESS : 1150 VILLAGE DR #5
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,842.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.66600
----------------------------------------------------------------
0 0031403496 MORTGAGORS: LARSON JOHN
LARSON CAROLE
REGION CODE ADDRESS : 1163 SIERRA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95126
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,175.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,033.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031403553 MORTGAGORS: TAYLOR WESLEY
TAYLOR GAIL
REGION CODE ADDRESS : 10170 DOUGHERTY AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,692.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.87300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,400.00
P & I AMT: 9,996.34
UPB AMT: 1,435,323.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031403611 MORTGAGORS: YU SCOTT
YU HELEN
REGION CODE ADDRESS : 1042 OTIS DRIVE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,291.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.85200
----------------------------------------------------------------
0 0031403629 MORTGAGORS: YARROW IRENE
OSCHERWITZ JANO
REGION CODE ADDRESS : 4665 SAN SEBASTIAN AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,823.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.89400
----------------------------------------------------------------
0 0031403637 MORTGAGORS: VAUGHN ANTHONY
VAUGHN KRISTI
REGION CODE ADDRESS : 8012 REGIS WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,832.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,357.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
0 0031403835 MORTGAGORS: TRAINER CALEB
LEWIS BERTIE
REGION CODE ADDRESS : 1160 SIMMONS LANE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 429,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,689.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,036.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.96550
----------------------------------------------------------------
0 0031403868 MORTGAGORS: RUBIN STEPHEN
RUBIN JOAN
REGION CODE ADDRESS : 6517 GRAND RIDGE DRIVE
01 CITY : EL PASO
STATE/ZIP : TX 79912
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,391,500.00
P & I AMT: 9,587.53
UPB AMT: 1,390,230.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031403876 MORTGAGORS: MILLS KEVIN
VERNETTI AMY
REGION CODE ADDRESS : 102 LA SONOMA WAY
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,752.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.38000
----------------------------------------------------------------
0 0031403892 MORTGAGORS: FORSYTH JOHN
FORSYTH SUZANNE
REGION CODE ADDRESS : 4315 AMOROSO PLACE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,440.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.64700
----------------------------------------------------------------
0 0031403918 MORTGAGORS: ZLOTOLOW STEVE
OTTO REBECCA
REGION CODE ADDRESS : 1004 RAMONA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031404411 MORTGAGORS: O'MALEY KIMBERLEE
REGION CODE ADDRESS : 125 MCALLISTER AVENUE
01 CITY : KENTFIELD
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,704.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,585.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.25400
----------------------------------------------------------------
0 0031404593 MORTGAGORS: GREEN WILLIAM
GREEN ROBERTA
REGION CODE ADDRESS : 139 OAKFIELD AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.23800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,650,000.00
P & I AMT: 11,334.64
UPB AMT: 1,648,428.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031404726 MORTGAGORS: BENNETT LINNEA
REGION CODE ADDRESS : 395 BROADWAY UNIT #L2G
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02139
MORTGAGE AMOUNT : 142,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 924.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031404940 MORTGAGORS: BACON STEVEN
BACON CHRISTINE
REGION CODE ADDRESS : 24740 MEADVIEW AVE
01 CITY : NEWHALL
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,758.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 69.13500
----------------------------------------------------------------
0 0031405095 MORTGAGORS: DYRNAES DAVID
REGION CODE ADDRESS : 168 LESSAY
01 CITY : NEWPORT COAST (AREA)
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,555.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.96120
----------------------------------------------------------------
0 0031405368 MORTGAGORS: RODRIGUES JAMES
RODRIGUES ELLEN
REGION CODE ADDRESS : 4044 PIER POINT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 235,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,580.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031405384 MORTGAGORS: FRADEL ROBERT
FRADEL LANI
REGION CODE ADDRESS : 1009 HOUSTON CIRCLE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 246,275.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,926.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99811
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,171,725.00
P & I AMT: 7,890.65
UPB AMT: 1,170,321.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031405400 MORTGAGORS: FANELLI MICHAEL
FANELLI CYNTHIA
REGION CODE ADDRESS : 1340 KAY AVENUE
01 CITY : OAKLEY
STATE/ZIP : CA 94561
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,771.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031405426 MORTGAGORS: BENEVENTO MARK
BENEVENTO KELLI
REGION CODE ADDRESS : 6748 GENTRY OAKS PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.08600
----------------------------------------------------------------
0 0031405459 MORTGAGORS: SEDANO EDWARD
SEDANO PAMELA
REGION CODE ADDRESS : 1226 SPENCER AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,789.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.37500
----------------------------------------------------------------
0 0031405533 MORTGAGORS: MIKULICH MARC
MIKULICH NANCY
REGION CODE ADDRESS : 13401 DEBBY LANE
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,371.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031405624 MORTGAGORS: JOHNSON SCOTT
JOHNSON CYNTHIA
REGION CODE ADDRESS : 235 CROWN DRIVE
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.42000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,521,600.00
P & I AMT: 10,521.94
UPB AMT: 1,520,444.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031405731 MORTGAGORS: MIRICK LARRY
MIRICK CHRISTINE
REGION CODE ADDRESS : 644 26TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 545,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 544,553.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.66260
----------------------------------------------------------------
0 0031406259 MORTGAGORS: SURGALSKI PATRICK
SURGALSKI URSULA
REGION CODE ADDRESS : 16252 NILES ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95033
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.49400
----------------------------------------------------------------
0 0031406689 MORTGAGORS: FAHRENHORST ROBERT
FAHRENHORST TERESA
REGION CODE ADDRESS : 16025 EIGER COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,689.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,152.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031406713 MORTGAGORS: HERZ RONALD
HERZ DEBRA
REGION CODE ADDRESS : 109 CASTILIAN WAY
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,752.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,420.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.52800
----------------------------------------------------------------
0 0031406747 MORTGAGORS: JOEL BRADLEY
JOEL CHERIE
REGION CODE ADDRESS : 26362 IBEZA ROAD
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.56756
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,849,000.00
P & I AMT: 12,870.13
UPB AMT: 1,847,612.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031406895 MORTGAGORS: NEWCOMB CAROLYN
REGION CODE ADDRESS : 281 EAST TWENTY-FIRST STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,819.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031406911 MORTGAGORS: JOSHUA RALPH
JOSHUA JEAN
REGION CODE ADDRESS : 626 PINE TERRACE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,802.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------
0 0031406937 MORTGAGORS: LENT BRIAN
REGION CODE ADDRESS : 32701 AMETHYST WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,152.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,011.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97693
----------------------------------------------------------------
0 0031407117 MORTGAGORS: GUTT GREGORY
BROCKMAN TONIA
REGION CODE ADDRESS : 228 EAGLE TRACE DRIVE
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 491,170.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,232.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031407323 MORTGAGORS: BILODEAU KEITH
BILODEAU LISBETH
REGION CODE ADDRESS : 4036 WEGER ROAD
01 CITY : VERONA
STATE/ZIP : WI 53593
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,382.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,400.00
P & I AMT: 11,753.19
UPB AMT: 1,700,327.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031407554 MORTGAGORS: LANDBERG JOHN
LANDBERG JACKIE
REGION CODE ADDRESS : 8100 WARREN COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 434,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,820.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.72477
----------------------------------------------------------------
0 0031407646 MORTGAGORS: EUPERIO GINA
NACION JAZ
REGION CODE ADDRESS : 43 SANTA ELENA AVENUE
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 264,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,913.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031407661 MORTGAGORS: DESROCHERS JAMES
DESROCHERS KRISTINE
REGION CODE ADDRESS : 1212 GRAND CANYON
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,027.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031407943 MORTGAGORS: SANTOWSKI MICHELLE
REGION CODE ADDRESS : 4502-3 NORTH MAGNOLIA
01 CITY : CHICAGO
STATE/ZIP : IL 60640
MORTGAGE AMOUNT : 101,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 690.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031408289 MORTGAGORS: SMITH YALE
SMITH ALEXSANDRA
REGION CODE ADDRESS : 5829 BLUE HERON DRIVE
01 CITY : LONG GROVE
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,657.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.59700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,050.00
P & I AMT: 10,746.90
UPB AMT: 1,547,619.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031408396 MORTGAGORS: GERSON JERRY
DILALLO-GERSON MARY
REGION CODE ADDRESS : 537 MONTEREY BOULEVARD
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 374,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,769.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,459.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031408412 MORTGAGORS: ESFANDI EDWARD
ESFANDI RASHEL
REGION CODE ADDRESS : 756 SOUTH BEVERLY GLEN BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,982.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.34900
----------------------------------------------------------------
0 0031408503 MORTGAGORS: JOHNSON DARROL
REGION CODE ADDRESS : 5791 HIGHLAND AVENUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,454.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,758.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031408644 MORTGAGORS: HERMLE LYNNE
REGION CODE ADDRESS : 155 SAN RAFAEL WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,707.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.52940
----------------------------------------------------------------
0 0031408651 MORTGAGORS: SANFORD SHANE
SANFORD MICHELE
REGION CODE ADDRESS : 3316 EGERER PLACE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,161.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,068,800.00
P & I AMT: 14,078.35
UPB AMT: 2,066,075.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031408677 MORTGAGORS: RHODES KENNETH
ASANO-RHODES DEBORAH
REGION CODE ADDRESS : 5871 FALON WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,273.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.97480
----------------------------------------------------------------
0 0031408834 MORTGAGORS: BAIER SIEGFRIED
BAIER CLOVER
REGION CODE ADDRESS : 6550 SOUTH CANYON RANCH ROAD
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,789.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.97200
----------------------------------------------------------------
0 0031408842 MORTGAGORS: FINKEN RICHARD
FINKEN JULIA
REGION CODE ADDRESS : 30088 YNEZ ROAD
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031409659 MORTGAGORS: HRECHNIW KONSTANTYN
REGION CODE ADDRESS : 1802 ALTA VISTA DRIVE
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 259,320.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,117.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031409675 MORTGAGORS: BRAITANBAUM RONI
REGION CODE ADDRESS : 10309 KESWICK AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 363,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,180.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,481.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,570.00
P & I AMT: 10,237.32
UPB AMT: 1,481,154.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031409766 MORTGAGORS: DOLAN THOMAS
WING DEBORAH
REGION CODE ADDRESS : 607 ROSEMONT AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91103
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,517.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031409832 MORTGAGORS: ZADEH DAN
BERK DANA
REGION CODE ADDRESS : 3045 SOUTH BEVERLY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,602.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031409881 MORTGAGORS: PHILLIPS TODD
PHILLIPS NORA
REGION CODE ADDRESS : 17 RIDGEROCK
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,379.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.34400
----------------------------------------------------------------
0 0031410509 MORTGAGORS: RODE DAVID
RODE RIAH
REGION CODE ADDRESS : 2000 ERNEST AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,772.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031410582 MORTGAGORS: CLARK KATHLEEN
REGION CODE ADDRESS : 6128 UNION VILLAGE DRIVE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 235,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,275.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.35400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,322,050.00
P & I AMT: 9,187.11
UPB AMT: 1,319,545.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031410749 MORTGAGORS: ROCKWELL BARRY
ROCKWELL SUSAN
REGION CODE ADDRESS : 904 MORNING VIEW PL
01 CITY : ROUND ROCK
STATE/ZIP : TX 78664
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031410798 MORTGAGORS: CHANNER DAVID
CHANNER CINDY
REGION CODE ADDRESS : 2567 SE 5TH WAY
01 CITY : MERIDIAN
STATE/ZIP : ID 83642
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,462.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031410830 MORTGAGORS: STARBUCK VIRGIL
STARBUCK VICTORIA
REGION CODE ADDRESS : 8265 ROYAL OAKS DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,503.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.41935
----------------------------------------------------------------
0 0031410855 MORTGAGORS: MILLIKEN JOHN
MILLIKEN ANNE
REGION CODE ADDRESS : 3503 LITTLETREE ROAD
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84108
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,315.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.69600
----------------------------------------------------------------
0 0031410889 MORTGAGORS: EIGUREN ROY
EIGUREN MIREN
REGION CODE ADDRESS : 117 LOCUST ST
01 CITY : BOISE
STATE/ZIP : ID 83702
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,832.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,000.00
P & I AMT: 11,922.89
UPB AMT: 1,712,113.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031410939 MORTGAGORS: ELMER SHELLY
ELMER THOMAS
REGION CODE ADDRESS : 11357 SOUTHEAST HIGHLAND LOOP
01 CITY : CLACKAMAS
STATE/ZIP : OR 97015
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,776.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031411416 MORTGAGORS: THAELER CHARLES
TOKUTAKE TAMAMI
REGION CODE ADDRESS : 2126 FELIZ DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,975.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031411440 MORTGAGORS: TYLER WILLIAM
GAIDANO MARIE
REGION CODE ADDRESS : 21 HILLSWOOD DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,410.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031411457 MORTGAGORS: YOUNG JOHN
YOUNG MARY
REGION CODE ADDRESS : 587 36TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,711.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.81200
----------------------------------------------------------------
0 0031411606 MORTGAGORS: RICHARDS BRIAN
RICHARDS MARIKO
REGION CODE ADDRESS : 968 OVERLOOK ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,000.00
P & I AMT: 9,967.19
UPB AMT: 1,462,640.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031411671 MORTGAGORS: BENGTSSON W.
BYDALEK ERIN
REGION CODE ADDRESS : 26 NEWBERRY PL
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 416,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,183.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,876.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.19658
----------------------------------------------------------------
0 0031411804 MORTGAGORS: JACKSON JOHN
REGION CODE ADDRESS : 625 WEST FORDHAM DR
01 CITY : EAGLE
STATE/ZIP : ID 83616
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,636.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.24000
----------------------------------------------------------------
0 0031411812 MORTGAGORS: GREEN DAVID
MANSON CAROLYN
REGION CODE ADDRESS : 2040 LONE OAK AVENUE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,149.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031411820 MORTGAGORS: HURST DENNIS
REGION CODE ADDRESS : 900 RUBY COURT
01 CITY : RIPON
STATE/ZIP : CA 95366
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,531.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.02500
----------------------------------------------------------------
0 0031411887 MORTGAGORS: DIAMOND COLLEEN
DIAMOND DAVID
REGION CODE ADDRESS : 60 LA CUESTA DRIVE
01 CITY : LARKSPUR
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 567,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 566,557.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,867.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.67100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,766,000.00
P & I AMT: 12,183.31
UPB AMT: 1,764,058.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031411986 MORTGAGORS: HSI HUNG
HSI FANG-YUAN
REGION CODE ADDRESS : 1100 CHESHIRE CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 254,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,479.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 46.33636
----------------------------------------------------------------
0 0031411994 MORTGAGORS: LAI MERLIN
LAI STACI
REGION CODE ADDRESS : 15 STONEFIELD COURT
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,847.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.23100
----------------------------------------------------------------
0 0031412000 MORTGAGORS: KELLY DENNIS
KELLY SELMA
REGION CODE ADDRESS : 5690 STONEHAVEN COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,514.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.10300
----------------------------------------------------------------
0 0031412067 MORTGAGORS: BEN-CHANOCH DORI
BEN-CHANOCH EFRAT
REGION CODE ADDRESS : 213 RENNIE AVENUE
01 CITY : VENICE (AREA)
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 205,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,844.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,415.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.07600
----------------------------------------------------------------
0 0031412075 MORTGAGORS: PARMER DEREK
PARMER NANCY
REGION CODE ADDRESS : 5098 GRAVENSTEIN HYWY SOUTH
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,821.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.50700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,268,050.00
P & I AMT: 8,886.46
UPB AMT: 1,266,506.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031412083 MORTGAGORS: GAURANO LUIS
GAURANO VALERIE
REGION CODE ADDRESS : 603 CALLE TIBIDABO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,633.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,206.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.07800
----------------------------------------------------------------
0 0031412125 MORTGAGORS: MORRISS SETH
MORRISS JUDITH
REGION CODE ADDRESS : 24510 VIA ESQUINA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 348,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,534.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,409.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031412232 MORTGAGORS: YANNETTA INGE
REGION CODE ADDRESS : 5606 FRONTIER WAY
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 139,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 138,841.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 936.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.53107
----------------------------------------------------------------
0 0031412695 MORTGAGORS: EARL WILLIAM
EARL MARION
REGION CODE ADDRESS : 28720 BIG BASIN WAY
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 374,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,715.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031412729 MORTGAGORS: TAKEUCHI LISA
REGION CODE ADDRESS : 16449 LADONA CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,586.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,615.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.81159
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,861,800.00
P & I AMT: 12,750.44
UPB AMT: 1,860,311.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031412778 MORTGAGORS: HAY DENNIS
HAY LINDA
REGION CODE ADDRESS : 2383 MEADOWLARK DR
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,283.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0031412901 MORTGAGORS: CAMPBELL MICHAEL
CAMPBELL ASYA
REGION CODE ADDRESS : 1561 23RD STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,778.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.10600
----------------------------------------------------------------
0 0031413214 MORTGAGORS: CLANCEY DAVID
GRAY JOANNE
REGION CODE ADDRESS : 48 WAY TO THE RIVER ROAD
01 CITY : WEST NEWBURY
STATE/ZIP : MA 01985
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.76400
----------------------------------------------------------------
0 0031413677 MORTGAGORS: AMAR MICHAEL
AMAR LYDIA
REGION CODE ADDRESS : 1652 MICHAEL LANE
01 CITY : PACIFIC PALISADES AREA LO
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,281.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031413685 MORTGAGORS: SCHEIBE JOHN
MC CARGAR VICTORIA
REGION CODE ADDRESS : 5057 GAYNOR AVENUE
01 CITY : ENCINO AREA, CITY OF LOS
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 269,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,005.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.75600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,459,200.00
P & I AMT: 10,127.44
UPB AMT: 1,458,348.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031413693 MORTGAGORS: MADRIGAL FRANCISCO
MADRIGAL LINDA
REGION CODE ADDRESS : 135 BUCKTHORN DRIVE
01 CITY : BREA
STATE/ZIP : CA 92823
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,832.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.35800
----------------------------------------------------------------
0 0031413784 MORTGAGORS: MORAD ALI
MORAD TAHEREH
REGION CODE ADDRESS : 911 SOUTH JAY CIRCLE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031413834 MORTGAGORS: JORGENSEN TED
JORGENSEN SHELLY
REGION CODE ADDRESS : 23 SAN CRISTOBAL CIRCLE
01 CITY : WYLIE
STATE/ZIP : TX 75098
MORTGAGE AMOUNT : 235,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,938.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031413867 MORTGAGORS: RUSSACK JOHN
RUSSACK GAYLE
REGION CODE ADDRESS : 13908 WARM SPRING COURT
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,849.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.20800
----------------------------------------------------------------
0 0031413891 MORTGAGORS: PAZ NILS
REGION CODE ADDRESS : 4214 LOVETT LANE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 244,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,948.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,246,650.00
P & I AMT: 8,740.33
UPB AMT: 1,245,351.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031414253 MORTGAGORS: ALLISON JOHN
FITZGEREL BETSY
REGION CODE ADDRESS : 65 ARELL COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 250,278.85 OPTION TO CONVERT :
UNPAID BALANCE : 249,828.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/25
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.37100
----------------------------------------------------------------
0 0031414261 MORTGAGORS: WETMORE CHERYL
SIMPSON JOHN
REGION CODE ADDRESS : 2925 BEAUMONT FARM ROAD
01 CITY : CHARLOTTESVILLE
STATE/ZIP : VA 22901
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,065.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031417959 MORTGAGORS: SOFFIAN WARREN
BREWSTEIN BEVERLY
REGION CODE ADDRESS : 11 FAIRHAVEN CT
01 CITY : CHERRY HILL
STATE/ZIP : NJ 08034
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,023.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031418429 MORTGAGORS: WICKER FLETCHER
WICKER ANN
REGION CODE ADDRESS : 26708 VIA DESMONDE
01 CITY : LOMITA
STATE/ZIP : CA 90717
MORTGAGE AMOUNT : 249,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,210.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.73800
----------------------------------------------------------------
0 0031418536 MORTGAGORS: PORTNOW HOWARD
PORTNOW THERESA
REGION CODE ADDRESS : 2006 35TH AVENUE WEST
01 CITY : SEATTLE
STATE/ZIP : WA 98199
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.30300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,167,178.85
P & I AMT: 8,245.70
UPB AMT: 1,165,939.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031418734 MORTGAGORS: CARBONE JOHN
CARBONE DONNA
REGION CODE ADDRESS : 11416 EASTWOOD COURT
01 CITY : HAGERSTOWN
STATE/ZIP : MD 21732
MORTGAGE AMOUNT : 282,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,895.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.79800
----------------------------------------------------------------
0 0031418825 MORTGAGORS: RICE PETER
RICE PETRA
REGION CODE ADDRESS : 196 GIFFORD WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 237,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,535.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.85000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.85000 PRODUCT CODE : 002
LTV : 74.98400
----------------------------------------------------------------
0 0031418874 MORTGAGORS: ROSENWALD JAMES
ROSENWALD LAURA
REGION CODE ADDRESS : 5 CINCHRING ROAD
01 CITY : ROLLING HILLS
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 999,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 999,165.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,025.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 015
LTV : 68.95800
----------------------------------------------------------------
0 0031419880 MORTGAGORS: MERCHANT LORENZO
MERCHANT NORMA
REGION CODE ADDRESS : 2188 LEXINGTON DRIVE
01 CITY : WEST JORDAN
STATE/ZIP : UT 84084
MORTGAGE AMOUNT : 123,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,908.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 860.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.54500
----------------------------------------------------------------
0 0031419898 MORTGAGORS: MABANAG HUBERT
PACALDO SHARON
REGION CODE ADDRESS : 3858 MARKET STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,748.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,957,700.00
P & I AMT: 13,724.02
UPB AMT: 1,956,253.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031419906 MORTGAGORS: LEVIN KAREN
REGION CODE ADDRESS : 111 LONGFELLOW ROAD
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 449,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,916.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,141.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031419971 MORTGAGORS: AN KWANG
AN CHRISTINA
REGION CODE ADDRESS : 7431 NORTH COBBLESTONE ROAD
01 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,591.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,845.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.32400
----------------------------------------------------------------
0 0031420938 MORTGAGORS: HANNA JEANNINE
REGION CODE ADDRESS : 10070 SHADY VIEW STREET
01 CITY : RIVERSIDE
STATE/ZIP : CA 92503
MORTGAGE AMOUNT : 114,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,919.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 816.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.21400
----------------------------------------------------------------
0 0031420961 MORTGAGORS: DRINKWARD NEAL
DRINKWARD KIMBERLY
REGION CODE ADDRESS : 811 SOUTH JUANITA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,726.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031421027 MORTGAGORS: SNOW MICHAEL
PINEAULT CHANTAL
REGION CODE ADDRESS : 24892 AVENIDA AVALON
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,250.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,792,750.00
P & I AMT: 12,469.61
UPB AMT: 1,791,404.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031421076 MORTGAGORS: HARRIS CHAD
HARRIS AMY
REGION CODE ADDRESS : 510 NORTH RIOS AVENUE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,385.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031421084 MORTGAGORS: NELSON MICAHEL
REGION CODE ADDRESS : 20 PARREMO DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,204.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031421217 MORTGAGORS: HOUSER BRIAN
HOUSER NANCY
REGION CODE ADDRESS : 340 SANTANA LANE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,926.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031421407 MORTGAGORS: WATTS ALAN
WATTS SANDRA
REGION CODE ADDRESS : 29259 NORTH 70 WAY
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 337,731.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,474.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,332.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99981
----------------------------------------------------------------
0 0031421845 MORTGAGORS: FRANCUS KENNETH
FRANCUS MARGALIT
REGION CODE ADDRESS : 5816 STONECREST DRIVE
01 CITY : AGUORA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 409,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,703.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.65300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,637,931.00
P & I AMT: 11,356.41
UPB AMT: 1,636,693.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031422546 MORTGAGORS: EICHLER STEPHEN
EICHLER ANITA
REGION CODE ADDRESS : 5600 WISCONSIN AVE. PH-18C
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 473,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,150.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031422702 MORTGAGORS: MERWIN CHARLES
MERWIN SANDRA
REGION CODE ADDRESS : 305 MINGES HILLS DR.
01 CITY : BATTLE CREEK
STATE/ZIP : MI 49017
MORTGAGE AMOUNT : 245,636.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,444.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031423387 MORTGAGORS: FRIEDBERG STACEY
FRIEDBERG PATRICIA
REGION CODE ADDRESS : 1618 BRITTLE BRANCH WAY
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 303,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,612.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.91000
----------------------------------------------------------------
0 0031423429 MORTGAGORS: DINOIA PAUL
DINOIA KELLY
REGION CODE ADDRESS : 1OO PINE MEADOW DRIVE
01 CITY : BRISTOL
STATE/ZIP : CT 06010
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031423817 MORTGAGORS: WIEGMAN DAVID
WIEGMAN JANICE
REGION CODE ADDRESS : 5371 BELARDO DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.21200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,553,086.00
P & I AMT: 10,557.48
UPB AMT: 1,552,033.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031424351 MORTGAGORS: PINEDA ROBERTO
PINEDA ROSA
REGION CODE ADDRESS : 28 SMITH COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,755.61 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 0031424393 MORTGAGORS: BURNFIELD RAYMOND
BURNFIELD LEANNE
REGION CODE ADDRESS : 144 CHESHAM AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 417,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,190.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.60860
----------------------------------------------------------------
0 0031424443 MORTGAGORS: FAN HENRY
FAN CHERENE
REGION CODE ADDRESS : 12742 QUEENSBOROUGH STREET
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,737.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031424492 MORTGAGORS: NIEMILLER CATHERINE
REGION CODE ADDRESS : 2287 RADIO AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,288.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031424518 MORTGAGORS: CHIDAMBARAM NATARAJAN
NATARAJAN KALYANI
REGION CODE ADDRESS : 2637 LANDSLIDE COURT
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,646,000.00
P & I AMT: 11,374.69
UPB AMT: 1,644,747.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031424567 MORTGAGORS: SORENSEN RONALD
SORENSEN MARCIA
REGION CODE ADDRESS : 2126 VAN NESS DRIVE
01 CITY : ROSEVILLE
STATE/ZIP : CA 95661
MORTGAGE AMOUNT : 159,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,875.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,084.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.56090
----------------------------------------------------------------
0 0031424716 MORTGAGORS: KERR ANDREW
KERR ELIZABETH
REGION CODE ADDRESS : 504 ALISO STREET
01 CITY : VENTURA
STATE/ZIP : CA 93001
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.10400
----------------------------------------------------------------
0 0031426067 MORTGAGORS: BAKER SCOTT
BRAVMAN EDWARD
REGION CODE ADDRESS : 41 TIMBERLANE DRIVE
01 CITY : PLYMOUTH
STATE/ZIP : MA 02360
MORTGAGE AMOUNT : 273,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031426240 MORTGAGORS: DUTY KEVIN
DUTY KELLY
REGION CODE ADDRESS : 2306 LAWTON LANE
01 CITY : ROWLETT
STATE/ZIP : TX 75088
MORTGAGE AMOUNT : 124,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 830.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0031426661 MORTGAGORS: POLLACK IRA
REGION CODE ADDRESS : 18 KRONQUIST COURT
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,700.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.95730
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,197,000.00
P & I AMT: 8,229.99
UPB AMT: 1,196,369.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031426687 MORTGAGORS: COTTON STANLEY
REGION CODE ADDRESS : 18300 CRYSTAL DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 446,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,043.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,007.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031426695 MORTGAGORS: YUTSIS VLADIMIR
CHELIDZE NATELA
REGION CODE ADDRESS : 21818 LOMITA AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,628.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,126.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031426919 MORTGAGORS: CLARKE SCOTT
CLARKE MAUREEN
REGION CODE ADDRESS : 1001 JENKISSON AVENUE
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031426927 MORTGAGORS: MEHARD WILLIAM
MEHARD LAURA
REGION CODE ADDRESS : 1571 HIGHLAND VALLEY CIRCLE
01 CITY : WILDWOOD
STATE/ZIP : MO 63005
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.64900
----------------------------------------------------------------
0 0031428469 MORTGAGORS: CARRICO CHAD
CARRICO SANDRA
REGION CODE ADDRESS : 1843 ANTHONY COURT
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 347,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,398.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,460.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.16666
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,800,300.00
P & I AMT: 12,334.56
UPB AMT: 1,798,850.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031428576 MORTGAGORS: BORSELLINO THOMAS
KAFKA MONIKA
REGION CODE ADDRESS : 2434 FAIRGLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,767.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.30800
----------------------------------------------------------------
0 0031428824 MORTGAGORS: STIRLING BRIAN
STIRLING ANN
REGION CODE ADDRESS : 11860 BROOKGLEN DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.43900
----------------------------------------------------------------
0 0031428832 MORTGAGORS: JENSEN MARK
MARTIN LISA
REGION CODE ADDRESS : 12 EASTWOOD DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,756.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031428956 MORTGAGORS: DE GENNARO LISA
REGION CODE ADDRESS : 40 HUGO STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,834.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031428964 MORTGAGORS: DIX MORTIMER
REGION CODE ADDRESS : 191 HIGHLAND BOULEVARD
01 CITY : KENSINGTON
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,792.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.46660
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,000.00
P & I AMT: 9,657.72
UPB AMT: 1,395,937.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031429012 MORTGAGORS: BULLMANN KEN
BULLMANN ELIN
REGION CODE ADDRESS : 118 GOLDEN HIND PASSAGE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.72727
----------------------------------------------------------------
0 0031429079 MORTGAGORS: SIEKER LISA
MILLER DANIEL
REGION CODE ADDRESS : 3027 BRITTAN AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.14720
----------------------------------------------------------------
0 0031430366 MORTGAGORS: RICHARDS HENRY
RICHARDS JANAN
REGION CODE ADDRESS : 1134 EAST CAMPBELL AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 419,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,264.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,826.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031430416 MORTGAGORS: RUSSELL KIRK
RUSSELL LORI
REGION CODE ADDRESS : 22605 SOUTHEAST 16TH PLACE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,992.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031430580 MORTGAGORS: SORENSEN GARY
REGION CODE ADDRESS : 7981 WINGEDFOOT COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,733.68 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 : 76.08600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,708,800.00
P & I AMT: 11,698.85
UPB AMT: 1,707,476.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031430598 MORTGAGORS: RICHARD GARY
RICHARD DEBRA
REGION CODE ADDRESS : 4668 EAST AVENUE V-5
01 CITY : PALMDALE AREA
STATE/ZIP : CA 93552
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,892.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 909.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031430630 MORTGAGORS: KNUDSEN DOUGLAS
KNUDSEN ANDREA
REGION CODE ADDRESS : 4490 GREENHAVEN STREET
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,674.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,062.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.03900
----------------------------------------------------------------
0 0031430796 MORTGAGORS: SULLIVAN HELEN
REGION CODE ADDRESS : 1383 MINNESOTA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.25500
----------------------------------------------------------------
0 0031430887 MORTGAGORS: KUNZ JOHN
KUNZ JOY
REGION CODE ADDRESS : 222 EAST CONSTANCE AVENUE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,735.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031430911 MORTGAGORS: KANG LARRY
KIM YOUNG
REGION CODE ADDRESS : 1860 LEXINGTON AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,185.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.82900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,000.00
P & I AMT: 10,787.21
UPB AMT: 1,542,019.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031430929 MORTGAGORS: SCHNEIDER RICHARD
BETHKE SHELLY
REGION CODE ADDRESS : 1759 CHERRYTREE LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,732.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.02800
----------------------------------------------------------------
0 0031431059 MORTGAGORS: EWIN MICHAEL
MAC DONALD DOUGLAS
REGION CODE ADDRESS : 410 29TH AVENUE EAST
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,664.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.77700
----------------------------------------------------------------
0 0031431141 MORTGAGORS: MC GRATH KELLY
POWERS LAURA
REGION CODE ADDRESS : 2413 HARMONY HEIGHTS
01 CITY : OROFINO
STATE/ZIP : ID 83544
MORTGAGE AMOUNT : 264,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,206.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031431760 MORTGAGORS: ROSAS ANGEL
ROSAS LINDA
REGION CODE ADDRESS : LOT 69 LAKE DRIVE
01 CITY : DANIELS
STATE/ZIP : WV 25832
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,393.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,255.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/17
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031432024 MORTGAGORS: COWARD STEPHEN
COWARD CHERYL
REGION CODE ADDRESS : 8595 SW RAVINE DRIVE
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,212.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,200.00
P & I AMT: 10,174.09
UPB AMT: 1,400,208.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031432057 MORTGAGORS: MILLER MARY
HINNANT DAVID
REGION CODE ADDRESS : 9648 E. DAVENPORT DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,831.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031432214 MORTGAGORS: GOODIN DYKE
GOODIN ANGIE
REGION CODE ADDRESS : 6611 SWEETWATER POINTE
01 CITY : FLOWERY BRANCH
STATE/ZIP : GA 30542
MORTGAGE AMOUNT : 469,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,117.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,325.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.83700
----------------------------------------------------------------
0 0031432602 MORTGAGORS: BERMAN NATALIE
BERMAN CONRAD
REGION CODE ADDRESS : 11714 SLATESTONE COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.70400
----------------------------------------------------------------
0 0031432644 MORTGAGORS: MURRAY CATHERINE
REGION CODE ADDRESS : 6321 BURGUNDY LEAF LANE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22312
MORTGAGE AMOUNT : 186,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,851.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,253.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031432826 MORTGAGORS: WEISMAN WARD
WEISMAN S.LOREE
REGION CODE ADDRESS : 726 MAROON AVENUE
01 CITY : CRESTED BUTTE
STATE/ZIP : CO 81224
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,031.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.16600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,250.00
P & I AMT: 10,180.04
UPB AMT: 1,462,597.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031432875 MORTGAGORS: NASR SAMI
REGION CODE ADDRESS : 932 MALVERN HILL DRIVE
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,747.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031433261 MORTGAGORS: NEVELLE JOHN
NEVELLE KIM
REGION CODE ADDRESS : 29704 SE 32ND CIRCLE
01 CITY : WASHOUGAL
STATE/ZIP : WA 98671
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,297.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031433477 MORTGAGORS: LEE PETER
CHOU RITA
REGION CODE ADDRESS : 8 PINETUM LANE
01 CITY : CITY OF GREENWICH
STATE/ZIP : CT 06807
MORTGAGE AMOUNT : 860,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 860,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,087.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 79.77736
----------------------------------------------------------------
0 0031434202 MORTGAGORS: WONG KOK
CHANG-WONG LAI
REGION CODE ADDRESS : 4227 123RD AVENUE SE
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 165,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 165,364.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,101.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.95169
----------------------------------------------------------------
0 0031434806 MORTGAGORS: SCHMIDT MARK
SCHMIDT SANDRA
REGION CODE ADDRESS : 2317 WESTMORELAND DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,665.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.40000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,111,500.00
P & I AMT: 14,717.88
UPB AMT: 2,110,074.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031435704 MORTGAGORS: LANDECK DAVID
LANDECK MAUREEN
REGION CODE ADDRESS : 1213 DRAKE AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 512,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 512,200.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031435860 MORTGAGORS: BELTRAMO DANIEL
BELTRAMO JANIS
REGION CODE ADDRESS : 518 WELLINGTON DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,755.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.55555
----------------------------------------------------------------
0 0031435944 MORTGAGORS: WILLIAMS STEVEN
WILLIAMS PAMELA
REGION CODE ADDRESS : 14255 WYRICK AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,672.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031435951 MORTGAGORS: PARSONS RANDY
PARSONS NANCY
REGION CODE ADDRESS : 7665 EAST HOLLOW OAK ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,821.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.90909
----------------------------------------------------------------
0 0031436058 MORTGAGORS: GREGORY PAUL
REGION CODE ADDRESS : 25251 SWANWAY COURT
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 186,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,847.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,237.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,658,600.00
P & I AMT: 11,277.20
UPB AMT: 1,657,297.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031436785 MORTGAGORS: JEFFREY ERIC
JEFFREY LORI
REGION CODE ADDRESS : 2688 HILLSMAN STREET
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031437791 MORTGAGORS: ZIMMERMAN CHARLES
ZIMMERMAN BATYA
REGION CODE ADDRESS : 6255 PISCES STREET
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,285.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031437916 MORTGAGORS: KARTSOUNIS DEAN
MERRILL JULIE
REGION CODE ADDRESS : 10 GREENWAY
01 CITY : MIDDLETON
STATE/ZIP : MA 01949
MORTGAGE AMOUNT : 211,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,458.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031438062 MORTGAGORS: WEATHERINGTON WALTER
WEATHERINGTON LISA
REGION CODE ADDRESS : 14405 JASONWOOD COURT
01 CITY : BOWIE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 352,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,807.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0031438070 MORTGAGORS: NELSON ROBERT
KINNEY SHIRL
REGION CODE ADDRESS : 36 E LAKE DRIVE
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,853.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,391.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,642,750.00
P & I AMT: 11,498.18
UPB AMT: 1,641,945.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031438336 MORTGAGORS: HOHMAN THOMAS
HOHMAN MARY
REGION CODE ADDRESS : 10718 POMERANE PLACE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28277
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,209.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99600
----------------------------------------------------------------
0 0031438344 MORTGAGORS: WEI NATHAN
HEARST JUDITH
REGION CODE ADDRESS : 7912 WINDSOR KNOLL LANE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 422,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,978.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,916.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.84000
----------------------------------------------------------------
0 0031438518 MORTGAGORS: WHITTIKER DAVID
REGION CODE ADDRESS : 9812 SUNDERLAND STREET
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,751.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,258.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.48800
----------------------------------------------------------------
0 0031438781 MORTGAGORS: RAWAL GAURANG
RAWAL ASHA
REGION CODE ADDRESS : 2328 EAGLEWOOD DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 277,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,899.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.17142
----------------------------------------------------------------
0 0031438799 MORTGAGORS: KADOKAWA GARY
REGION CODE ADDRESS : 922 DUBLIN AVENUE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,861.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,083.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.10280
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,800.00
P & I AMT: 9,949.93
UPB AMT: 1,440,700.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031438948 MORTGAGORS: LAU TOM
KONG LISA
REGION CODE ADDRESS : 824 SENTRY PALM COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 202,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 201,850.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,412.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.09923
----------------------------------------------------------------
0 0031439003 MORTGAGORS: DAILEY STEVEN
DAILEY KAREN
REGION CODE ADDRESS : 1564 ROSECREST TERRACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95126
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,669.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,480.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031439078 MORTGAGORS: JUNGE SCOTT
JUNGE MARILYN
REGION CODE ADDRESS : 7311 ROSEDALE STREET NORTHWEST
01 CITY : GIG HARBOR
STATE/ZIP : WA 98335
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,778.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 79.21000
----------------------------------------------------------------
0 0031439144 MORTGAGORS: DUCKERING RUSSILL
DUCKERING PAMELA
REGION CODE ADDRESS : 285 FIRESTONE DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031439250 MORTGAGORS: PATEL GHAN
PATEL JAGNA
REGION CODE ADDRESS : 1506 HEMMINGWAY ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,758.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 74.94305
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,000.00
P & I AMT: 11,442.78
UPB AMT: 1,610,839.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031439268 MORTGAGORS: GONZALEZ ARMANDO
GONZALEZ LYDIA
REGION CODE ADDRESS : 218 FRENCH COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,800.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031439326 MORTGAGORS: SERRANO AVELINA
REGION CODE ADDRESS : 1684 HILLSDALE AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,849.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,224.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031439557 MORTGAGORS: HUNOLD BARNEY
HUNOLD DEANNE
REGION CODE ADDRESS : 12536 PERLA COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,848.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,426.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031439946 MORTGAGORS: FISHER CHARLES
REGION CODE ADDRESS : 530 ROBINHOOD RD
01 CITY : HAVRE DE GRACE
STATE/ZIP : MD 21078
MORTGAGE AMOUNT : 121,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,900.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 805.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.62500
----------------------------------------------------------------
0 0031441124 MORTGAGORS: GIULIANO LEONARD
GIULIANO ANGELA
REGION CODE ADDRESS : 665 SEAGULL DRIVE
01 CITY : PARAMUS
STATE/ZIP : NJ 07652
MORTGAGE AMOUNT : 158,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,037.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 50.96700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 923,000.00
P & I AMT: 6,239.90
UPB AMT: 922,398.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031441728 MORTGAGORS: JARRELL JOHN
JARRELL JULIE
REGION CODE ADDRESS : 545 WESTGATE DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,762.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031441736 MORTGAGORS: TOKUNAGA ALAN
TOKUNAGA TRACI
REGION CODE ADDRESS : 5193 CARTER AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,602.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031441835 MORTGAGORS: SULPIZIO RONALD
REGION CODE ADDRESS : 498 SOUTH THIRTEENTH STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95112
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,811.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.29703
----------------------------------------------------------------
0 0031442080 MORTGAGORS: JUPITER CLYDE
JUPITER PATRICIA
REGION CODE ADDRESS : 265 AMBERLEIGH DRIVE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 272,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,937.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 79.99700
----------------------------------------------------------------
0 0031442247 MORTGAGORS: RIPLEY ROBERT
KADEL NANCY
REGION CODE ADDRESS : 3020 N. ALDER STREET
01 CITY : TACOMA
STATE/ZIP : WA 98407
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,931.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,384,550.00
P & I AMT: 9,572.38
UPB AMT: 1,382,045.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031442908 MORTGAGORS: DYCKMAN CURTIS
REGION CODE ADDRESS : 3513 BAGLEY AVENUE NORTH
01 CITY : SEATTLE
STATE/ZIP : WA 98103
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,932.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.90800
----------------------------------------------------------------
0 0031443187 MORTGAGORS: STALEY JERRY
STALEY CAROLINE
REGION CODE ADDRESS : 7817 FALSTAFF ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 85.00000
----------------------------------------------------------------
0 0031443799 MORTGAGORS: KRIGER ABRAHAM
KRIGER LEAH
REGION CODE ADDRESS : 7212 91ST AVE SOUTHEAST
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.76700
----------------------------------------------------------------
0 0031443955 MORTGAGORS: AMRIKHAS MLOOAN
AMRIKHAS RUBINA
REGION CODE ADDRESS : 1082 QUAIL CREEK CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 279,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,287.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.76087
----------------------------------------------------------------
0 0031444219 MORTGAGORS: WAINOLA KENNETH
WAINOLA MARTHA
REGION CODE ADDRESS : 211 KING DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 200,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,647.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,386.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,250.00
P & I AMT: 10,294.21
UPB AMT: 1,449,389.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031445711 MORTGAGORS: CLEARY MICHELLE
CLEARY MICHAEL
REGION CODE ADDRESS : 15 DANIELLE COURT
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 199,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,357.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.33700
----------------------------------------------------------------
0 0031447683 MORTGAGORS: KATZOFF JERALD
KATZOFF CECILE
REGION CODE ADDRESS : 810 BROMLEY ST
01 CITY : SILVER SPRING
STATE/ZIP : MD 20902
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,316.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.34300
----------------------------------------------------------------
0 0031447709 MORTGAGORS: KLEIN JAMES
KLEIN DAYNA
REGION CODE ADDRESS : 31276 SILVERLEAF OAK
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,789.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.56900
----------------------------------------------------------------
0 0031447832 MORTGAGORS: GOETT MICHAEL
GOETT KIMBERLEY
REGION CODE ADDRESS : 2 SOUTH APPLE HILL
01 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031448624 MORTGAGORS: FINKELSTEIN MARK
STALOCH PATRICE
REGION CODE ADDRESS : 2537 34TH AVENUE SOUTH
01 CITY : SEATTLE
STATE/ZIP : WA 98144
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.08333
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,500.00
P & I AMT: 9,631.92
UPB AMT: 1,390,105.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031449200 MORTGAGORS: TOROK PAUL
TOROK PATRICIA
REGION CODE ADDRESS : 350 2ND STREET
01 CITY : DUNELLEN
STATE/ZIP : NJ 08812
MORTGAGE AMOUNT : 123,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 799.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449275 MORTGAGORS: WASHCO JOSEPH
WASHCO SHANNON
REGION CODE ADDRESS : 64 NORTH SAILORS QUAY DRIVE
01 CITY : BRICK
STATE/ZIP : NJ 08723
MORTGAGE AMOUNT : 101,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 689.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.65517
----------------------------------------------------------------
0 0031451875 MORTGAGORS: LIVA ERIC
LIVA KIM
REGION CODE ADDRESS : 207 CHAUCER COURT
01 CITY : WILLOWBROOK
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.13800
----------------------------------------------------------------
0 0031454606 MORTGAGORS: VAN FLANDERN GEOFFREY
VAN FLANDERN LINETTE
REGION CODE ADDRESS : 48 BEVERLY ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 382,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031454903 MORTGAGORS: MEES WILLIAM
MEES MICHELLE
REGION CODE ADDRESS : 2048 NW 126TH AVENUE
01 CITY : PEMBROKE PINES
STATE/ZIP : FL 33028
MORTGAGE AMOUNT : 244,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,274.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,123,500.00
P & I AMT: 7,701.74
UPB AMT: 1,122,672.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031455058 MORTGAGORS: RUBINBERG ROBERT
RUBINBERG AMY
REGION CODE ADDRESS : 8917 KOLMAR AVENUE
01 CITY : SKOKIE
STATE/ZIP : IL 60076
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031455124 MORTGAGORS: SOHM GRANT
ELDER KEVIN
REGION CODE ADDRESS : 2803 DURMONT COURT
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,569.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031457153 MORTGAGORS: MATHEWS JOHN
REGION CODE ADDRESS : 30621 ROYAL VALANCE
01 CITY : FAIR OAKS RANCH
STATE/ZIP : TX 78015
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,756.61 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 0031458037 MORTGAGORS: MOTOOKA RANDAL
CHANG-MOTOOKA TAMMY MEE
REGION CODE ADDRESS : 7049 NIUMALU LOOP
01 CITY : HONOLULU
STATE/ZIP : HI 96825
MORTGAGE AMOUNT : 454,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,036.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,061.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031458144 MORTGAGORS: TAYLOR KENNETH
TAYLOR ANGELINA
REGION CODE ADDRESS : 3172 PACIFIC HEIGHTS ROAD
01 CITY : HONOLULU
STATE/ZIP : HI 96813
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.57377
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,691,200.00
P & I AMT: 11,512.45
UPB AMT: 1,690,073.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460165 MORTGAGORS: FASO SALVATORE
FASO VELLA
REGION CODE ADDRESS : 380 WEST WALNUT AVENUE
01 CITY : ROSELLE
STATE/ZIP : IL 60172
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,016.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.74100
----------------------------------------------------------------
0 0031460272 MORTGAGORS: BARKER BURKE
BARKER JEANNE
REGION CODE ADDRESS : 20828 NORTHEAST 141ST STREET
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,789.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.90500
----------------------------------------------------------------
0 0031461577 MORTGAGORS: O'BRIEN CHRISTOPHER
O'BRIEN KERRY
REGION CODE ADDRESS : 5 WHITEHALL BLVD
01 CITY : GARDEN CITY
STATE/ZIP : NY 11530
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
0 0031461817 MORTGAGORS: WEADOCK GLENN
WEADOCK EMILY
REGION CODE ADDRESS : 1654 TAMARAC DRIVE
01 CITY : GOLDEN
STATE/ZIP : CO 80401
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.88200
----------------------------------------------------------------
0 0031464175 MORTGAGORS: HANCOCK KENNETH
HANCOCK SHERRY
REGION CODE ADDRESS : 25425 N.WRANGLER ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,221.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.48100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,200.00
P & I AMT: 10,123.07
UPB AMT: 1,464,826.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031464266 MORTGAGORS: THORNSBERRY MARVIN
THORNSBERRY DEANNA
REGION CODE ADDRESS : 7564 EAST BUTEO DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,162.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99300
----------------------------------------------------------------
0 0031464944 MORTGAGORS: MCDERMOTT THOMAS
MCDERMOTT CAROL
REGION CODE ADDRESS : 60 NOTTINGHAM WAY
01 CITY : LONG HILL TOWNSHIP
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.96900
----------------------------------------------------------------
0 0031465057 MORTGAGORS: SOPER ERNEST
SOPER JOAN
REGION CODE ADDRESS : 3701 SUNSHINE CANYON DRIVE
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,025.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 32.44400
----------------------------------------------------------------
0 0031467509 MORTGAGORS: KELLY DARRELL
KELLY MARCIA
REGION CODE ADDRESS : 17966 NW LONEROCK DRIVE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,859.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,277.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.08300
----------------------------------------------------------------
0 0031470057 MORTGAGORS: SUTTON DAN
REGION CODE ADDRESS : 273 ANDRIA COURT
01 CITY : STATELINE
STATE/ZIP : NV 89449
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,783.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.02800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,000.00
P & I AMT: 9,519.19
UPB AMT: 1,369,305.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031473648 MORTGAGORS: WARREN TIMOTHY
WARREN CHRISTINA
REGION CODE ADDRESS : 14668 SOUTH STITT COURT
01 CITY : OREGON CITY
STATE/ZIP : OR 97045
MORTGAGE AMOUNT : 125,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,494.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 825.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031473804 MORTGAGORS: TUCKER JOHN
TUCKER JEANNE
REGION CODE ADDRESS : 12355 MILL CREEK LANE
01 CITY : WYE MILLS
STATE/ZIP : MD 21679
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,255.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.34700
----------------------------------------------------------------
0 0031473879 MORTGAGORS: STRICKLAND WALTER
STRICKLAND JAN
REGION CODE ADDRESS : 3012 BAY VILLAS DRIVE
01 CITY : DESTIN
STATE/ZIP : FL 32541
MORTGAGE AMOUNT : 592,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 591,538.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,038.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.03900
----------------------------------------------------------------
0 0031473937 MORTGAGORS: KING CRAIG
KING ANNETTE
REGION CODE ADDRESS : 5635 EAST LINCOLN DRIVE, #39
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,277.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031473960 MORTGAGORS: WEICHMANN JEROME
BRADLEY MARY
REGION CODE ADDRESS : 5515 E CHERYL DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,775.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,805,100.00
P & I AMT: 12,417.36
UPB AMT: 1,803,341.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031473986 MORTGAGORS: DREXELIUS RICHARD
DREXELIUS A
REGION CODE ADDRESS : 5434 E NICHOLS PL
01 CITY : LITTLETON
STATE/ZIP : CO 80122
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,960.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031474026 MORTGAGORS: MURPHY RUSSELL
MURPHY KATHRYN
REGION CODE ADDRESS : 303 HICKORY CREEK COURT NW
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72212
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.22500
----------------------------------------------------------------
0 0031474067 MORTGAGORS: KINCH FREDRICK
KINCH BILLIE
REGION CODE ADDRESS : 18 JENNIE RICHARDS ROAD
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 247,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,606.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.55500
----------------------------------------------------------------
0 0031474109 MORTGAGORS: WISE RICHARD
WISE CARMELA
REGION CODE ADDRESS : 11 THREE PONDS ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.75700
----------------------------------------------------------------
0 0031474208 MORTGAGORS: STOICA ADRIAN
STOICA MAGDALENA
REGION CODE ADDRESS : 12604 LINCOLNSHIRE DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,155.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,669,400.00
P & I AMT: 11,486.58
UPB AMT: 1,668,119.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031475841 MORTGAGORS: COCHRAN DEAN
COCHRAN LAURA
REGION CODE ADDRESS : 37904 236TH AVENUE SOUTHEAST
01 CITY : ENUMCLAW
STATE/ZIP : WA 98022
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,892.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 840.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031476039 MORTGAGORS: DAVIS RICHARD
DAVIS SHAN
REGION CODE ADDRESS : 2294 SE 174TH ROAD
01 CITY : PORTLAND
STATE/ZIP : OR 97233
MORTGAGE AMOUNT : 123,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,646.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 812.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.83870
----------------------------------------------------------------
0 0031477599 MORTGAGORS: BARTA BRENT
BARTA TRACY
REGION CODE ADDRESS : 9672 IRISHMAN'S RUN
01 CITY : ZIONVILLE
STATE/ZIP : IN 46077
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.71171
----------------------------------------------------------------
0 0031478738 MORTGAGORS: COUGHLIN ERNERST
COUGHLIN ANNE
REGION CODE ADDRESS : 25 LESLIE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02166
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,739.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,369.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.76700
----------------------------------------------------------------
0 0031478746 MORTGAGORS: KOWALESKI EDWARD
MARSHALL AMY
REGION CODE ADDRESS : 5550 EAST FRIESS DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,252,750.00
P & I AMT: 8,533.66
UPB AMT: 1,251,967.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031478787 MORTGAGORS: ZETTERLUND ROBERT
REGION CODE ADDRESS : 14115 RIVERCREST DRIVE
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72212
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,707.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,859.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031478837 MORTGAGORS: ZACKIN MICHAEL
NASTUK-ZACKIN MARY
REGION CODE ADDRESS : 82 POWERS RD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.59300
----------------------------------------------------------------
0 0031478910 MORTGAGORS: BACHER JOCHEN
BACHER NICOLE
REGION CODE ADDRESS : 7316 MACEDAY LAKE ROAD
01 CITY : WATERFORD
STATE/ZIP : MI 48329
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,296.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031478928 MORTGAGORS: SMOLDT DAVID
SMOLDT ALISON
REGION CODE ADDRESS : 3544 TIMBERLINE DR
01 CITY : WEST DES MOINES
STATE/ZIP : IA 50265
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.68800
----------------------------------------------------------------
0 0031479074 MORTGAGORS: KILDUFF MICHAEL
KILDUFF BARBARA
REGION CODE ADDRESS : 1950 SHERLOCK HOLMS ST
01 CITY : ELDERSBURG
STATE/ZIP : MD 21784
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.59000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,557,500.00
P & I AMT: 11,144.45
UPB AMT: 1,556,814.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031479090 MORTGAGORS: SMALLEY MARK
SMALLEY ELAINA
REGION CODE ADDRESS : 7802 WEST YUCCA STREET
01 CITY : PEORIA
STATE/ZIP : AZ 85345
MORTGAGE AMOUNT : 95,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,920.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 624.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.16666
----------------------------------------------------------------
0 0031479140 MORTGAGORS: DALTON CURTIS
DALTON KELLY
REGION CODE ADDRESS : 9 RIVERS EDGE RD,
01 CITY : ROWLEY
STATE/ZIP : MA 01969
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0031479173 MORTGAGORS: BERRY JOSEPH
BERRY GERALDINE
REGION CODE ADDRESS : 67 STAGECOACH ROAD
01 CITY : AVON
STATE/ZIP : CT 06001
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.05200
----------------------------------------------------------------
0 0031479223 MORTGAGORS: MAYER JOSEPH
MAYER RITA
REGION CODE ADDRESS : 6361 PONTIAC DRIVE
01 CITY : INDIAN HEAD PARK
STATE/ZIP : IL 60525
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.09900
----------------------------------------------------------------
0 0031479272 MORTGAGORS: MC NEILL JOHN
MC NEILL CAREN
REGION CODE ADDRESS : 79 RIVERCLIFF ROAD
01 CITY : ROGERS
STATE/ZIP : AR 72756
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,369,000.00
P & I AMT: 9,469.91
UPB AMT: 1,368,682.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031481427 MORTGAGORS: BARNETT MERLIN
BARNETT DEBORAH
REGION CODE ADDRESS : 14159 SWANEE BEACH
01 CITY : FENTON
STATE/ZIP : MI 48430
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031481450 MORTGAGORS: MC CANN JOHN
MC CANN GRETCHEN
REGION CODE ADDRESS : 5840 LOHR LAKE DRIVE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48108
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,815.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.83000
----------------------------------------------------------------
0 0031481484 MORTGAGORS: ARNOLD BENJAMIN
ARNOLD JOANNE
REGION CODE ADDRESS : 1940 HEDGENETTLE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48103
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031481534 MORTGAGORS: BROWER KARL
HING BROWER DEBORAH
REGION CODE ADDRESS : 2238 RIDGEMOOR
01 CITY : BURTON
STATE/ZIP : MI 48509
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,011.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.23700
----------------------------------------------------------------
0 0031481625 MORTGAGORS: BASKERVILLE WAYNE
BASKERVILLE SHARON
REGION CODE ADDRESS : 1950 ORCHARDVIEW DR
01 CITY : ANN ARBOR
STATE/ZIP : MI 48108
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,595.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.90400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,313,900.00
P & I AMT: 9,115.87
UPB AMT: 1,312,472.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031481658 MORTGAGORS: BERLIN ROY
BERLIN LILLIAN
REGION CODE ADDRESS : 9854 FELLOWS HILL COURT
01 CITY : PLYMOUTH
STATE/ZIP : MI 48170
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031481666 MORTGAGORS: DELONG JAMES
DELONG BARBARA
REGION CODE ADDRESS : 8049 TRILLIUM
01 CITY : CANTON TWP
STATE/ZIP : MI 48187
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031481682 MORTGAGORS: GROSSMAN HOWARD
REGION CODE ADDRESS : 130 BARDEN CT
01 CITY : BLOOMFIELD HILLS
STATE/ZIP : MI 48304
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,638.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.23300
----------------------------------------------------------------
0 0031481708 MORTGAGORS: SOMMER EDWARD
SOMMER SHERRY
REGION CODE ADDRESS : 1339 SHERBORN COURT
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,621.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031481773 MORTGAGORS: KWONG SYLVIA
REGION CODE ADDRESS : 12 SHORE DRIVE
01 CITY : SHERMAN
STATE/ZIP : CT 06784
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,515.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,000.00
P & I AMT: 10,291.13
UPB AMT: 1,446,936.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031481880 MORTGAGORS: KNICKERBOCKER TODD
KNICKERBOCKER CHRISTINE
REGION CODE ADDRESS : 17386 STONEBROOK DRIVE
01 CITY : NORTHVILLE
STATE/ZIP : MI 48167
MORTGAGE AMOUNT : 390,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,153.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,698.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031481906 MORTGAGORS: KEYSER JOHN
KEYSER MARY
REGION CODE ADDRESS : 1131 MAPLE WAY
01 CITY : HARBOR SPRINGS
STATE/ZIP : MI 49740
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,733.68 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 : 50.00000
----------------------------------------------------------------
0 0031481997 MORTGAGORS: MUNNO ANTHONY
MUNNO AMY
REGION CODE ADDRESS : 8487 SHERWOOD
01 CITY : GROSSE ILE
STATE/ZIP : MI 48138
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,739.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031482060 MORTGAGORS: KAVANAGH DENNIS
KAVANAGH ELIZABETH
REGION CODE ADDRESS : 958 LAMPWICK COURT
01 CITY : BLOOMFIELD HILLS
STATE/ZIP : MI 48304
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,011.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.14200
----------------------------------------------------------------
0 0031482094 MORTGAGORS: ROGERS MICHAEL
ROGERS KERRY
REGION CODE ADDRESS : 2438 MOORS COURT
01 CITY : ANN ARBOR
STATE/ZIP : MI 48108
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.27000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,531,150.00
P & I AMT: 10,365.38
UPB AMT: 1,529,241.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 317
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031482136 MORTGAGORS: LEONARD THOMAS
LEONARD DEBRA
REGION CODE ADDRESS : 3704 KNOLLWOOD CIRCLE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48108
MORTGAGE AMOUNT : 349,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,546.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,475.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.25500
----------------------------------------------------------------
0 0031482193 MORTGAGORS: EKL JOSEPH
BURNS-EKL VICTORIA
REGION CODE ADDRESS : 937 HOLLOW CORNERS CT
01 CITY : ROCHESTER
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,042.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.05400
----------------------------------------------------------------
0 0031482235 MORTGAGORS: LOCKWOOD LAWRENCE
LOCKWOOD SHELLEY
REGION CODE ADDRESS : 865 LAKEWOOD DRIVE
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 427,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,297.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,840.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.63600
----------------------------------------------------------------
0 0031482284 MORTGAGORS: MANDELL MICHAEL
FRIEDMAN-MANDELL MELANIE
REGION CODE ADDRESS : 30943 HITCHING POST CT
01 CITY : FARMINGTON HILLS
STATE/ZIP : MI 48331
MORTGAGE AMOUNT : 244,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.02100
----------------------------------------------------------------
0 0031482292 MORTGAGORS: SHUBERT THOMAS
SHUBERT CAROLYN
REGION CODE ADDRESS : 5221 WYNDEMERE SQ
01 CITY : SWARTZ CREEK
STATE/ZIP : MI 48473
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,812.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,554,000.00
P & I AMT: 10,639.37
UPB AMT: 1,552,399.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 318
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031482482 MORTGAGORS: MALONEY ARTHUR
MALONEY LORNA
REGION CODE ADDRESS : 3 DORSET LANE
01 CITY : BROOKFIELD
STATE/ZIP : CT 06804
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 : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031482656 MORTGAGORS: WELFORD JAY
WELFORD LISA
REGION CODE ADDRESS : 30670 ROSEMOND LANE
01 CITY : FRANKLIN
STATE/ZIP : MI 48025
MORTGAGE AMOUNT : 456,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,844.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,112.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.29600
----------------------------------------------------------------
0 0031482912 MORTGAGORS: BOETTIGHEIMER BERNARD
BOETTIGHEIMER BARBARA
REGION CODE ADDRESS : 24 GLENMEADOW COURT
01 CITY : DALLAS
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 364,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.04600
----------------------------------------------------------------
0 0031484207 MORTGAGORS: SMITH SUSAN
REGION CODE ADDRESS : 1000 E SEVENTH ST
01 CITY : FLINT
STATE/ZIP : MI 48503
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.25000
----------------------------------------------------------------
0 0031484272 MORTGAGORS: SHAW EDWIN
PALAZZOLA-SHAW FELICIA
REGION CODE ADDRESS : 851 HAZELWOOD
01 CITY : BIRMINGHAM
STATE/ZIP : MI 48009
MORTGAGE AMOUNT : 446,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,160.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,083.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.44700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,823,750.00
P & I AMT: 12,417.60
UPB AMT: 1,822,849.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 319
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031484348 MORTGAGORS: MOSKUS JUDITH
ROMAN MARY
REGION CODE ADDRESS : 5666 MEADOWDRIVE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48105
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.96400
----------------------------------------------------------------
0 0031484363 MORTGAGORS: DOLL RODMAN
REGION CODE ADDRESS : 11 HARVARD PLACE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48104
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.02800
----------------------------------------------------------------
0 0031484397 MORTGAGORS: BROCK RAYMOND
BROCK JANET
REGION CODE ADDRESS : 1126 SOUTHLAWN AVE
01 CITY : EAST LANSING
STATE/ZIP : MI 48823
MORTGAGE AMOUNT : 232,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.63300
----------------------------------------------------------------
0 0031484421 MORTGAGORS: MALIK LARRY
MALIK ANNE
REGION CODE ADDRESS : 49892 MILLER COURT
01 CITY : CHESTERFIELD
STATE/ZIP : MI 48047
MORTGAGE AMOUNT : 252,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.48700
----------------------------------------------------------------
0 0031484439 MORTGAGORS: CARR JOSEPH
CARR SUSAN
REGION CODE ADDRESS : 3 SUNNY MEADOW LANE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 248,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,266,850.00
P & I AMT: 8,752.04
UPB AMT: 1,266,850.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 320
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031484702 MORTGAGORS: DIETZ DAVID
DIETZ LORI
REGION CODE ADDRESS : 8409 PRESCOTT CIRCLE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 130,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,031.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031485709 MORTGAGORS: DUPREE ROBERT
DUPREE DEBORAH
REGION CODE ADDRESS : 7726 BRYN MAWR DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 377,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031487853 MORTGAGORS: SCHOON ROBERT
SCHOON BARBARA
REGION CODE ADDRESS : 2491 54TH STREET
01 CITY : FENNVILLE
STATE/ZIP : MI 49408
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.38800
----------------------------------------------------------------
0 0031487911 MORTGAGORS: FRANCIS DEAN
FRANCIS KATHRYN
REGION CODE ADDRESS : 7933 AUTUMN WOODS DRIVE SE
01 CITY : ADA
STATE/ZIP : MI 49301
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.56700
----------------------------------------------------------------
0 0031487937 MORTGAGORS: PALASEK DENNIS
PALASEK MARY
REGION CODE ADDRESS : 4121 WILDWOOD DR
01 CITY : ALLEGAN
STATE/ZIP : MI 49010
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,448,100.00
P & I AMT: 10,015.81
UPB AMT: 1,448,100.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 321
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031490303 MORTGAGORS: JENSEN DEVIN
JENSEN ADRIENNE
REGION CODE ADDRESS : 477 EAST 1050 NORTH
01 CITY : SPRINGVILLE
STATE/ZIP : UT 84663
MORTGAGE AMOUNT : 122,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 940.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.54500
----------------------------------------------------------------
0 0031494677 MORTGAGORS: DRAPER M
DRAPER DIANA
REGION CODE ADDRESS : 215 WEST 700 NORTH
01 CITY : AMERICAN FORK
STATE/ZIP : UT 84003
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,037.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031494974 MORTGAGORS: HEATH JAMES
HEATH MONA
REGION CODE ADDRESS : 6144 EAST MCLELLAN ROAD
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 90,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 598.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0070013875 MORTGAGORS: ANDERSON DEBORAH
ANDERSON SCOTT
REGION CODE ADDRESS : 20 PLEASANT STREET
01 CITY : NANTUCKET
STATE/ZIP : MA 02554
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 640,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,529.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.14286
----------------------------------------------------------------
0 0070018312 MORTGAGORS: PHOUMSAVATH KHAMSAVANG
PHOUMSAVATH PHANY
REGION CODE ADDRESS : 619 MOUNTAIN PLACE
01 CITY : ALBEMARLE
STATE/ZIP : NC 28001
MORTGAGE AMOUNT : 77,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 77,322.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 572.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 91.17647
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,086,000.00
P & I AMT: 7,679.81
UPB AMT: 1,085,822.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 322
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070020094 MORTGAGORS: AERY LALIT
AERY SAROJ
REGION CODE ADDRESS : 4 BRIAN LANE
01 CITY : EAST NORTHP
STATE/ZIP : NY 11731
MORTGAGE AMOUNT : 178,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,433.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,249.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 60.57627
----------------------------------------------------------------
0 0070022678 MORTGAGORS: CONNELL ROBERT
CONNELL VICKIE
REGION CODE ADDRESS : 4456 OLD COUNTRY WAY
01 CITY : LITHONIA
STATE/ZIP : GA 30058
MORTGAGE AMOUNT : 88,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 88,475.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 582.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 001
LTV : 75.16949
----------------------------------------------------------------
0 0070023676 MORTGAGORS: MANAHAN MAURICE
MANAHAN JEAN
REGION CODE ADDRESS : 2511 SMOKE TREE LANE
01 CITY : CROFTON
STATE/ZIP : MD 21114
MORTGAGE AMOUNT : 113,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 819.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 001
LTV : 75.33333
----------------------------------------------------------------
0 0070024039 MORTGAGORS: MADRIGAL JOSE
MADRIGAL ELIZABETH
REGION CODE ADDRESS : 23 WHITSON STREET
01 CITY : FOREST HILL
STATE/ZIP : NY 11375
MORTGAGE AMOUNT : 331,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.77500
----------------------------------------------------------------
0 0070024146 MORTGAGORS: CZUBEK HANK
REGION CODE ADDRESS : 318 HOLMES DR
01 CITY : GREENVILLE
STATE/ZIP : SC 29609
MORTGAGE AMOUNT : 62,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 62,152.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 429.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 001
LTV : 73.17647
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 773,700.00
P & I AMT: 5,396.23
UPB AMT: 773,161.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 323
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070024260 MORTGAGORS: ZULKOFSKE MARIAN
REGION CODE ADDRESS : 171 QUAKER PATH
01 CITY : SETAUKET
STATE/ZIP : NY 11733
MORTGAGE AMOUNT : 154,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,721.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,240.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 46.66667
----------------------------------------------------------------
0 0070024435 MORTGAGORS: PALMER DONALD
PALMER MARY
REGION CODE ADDRESS : DINSMORE RD
01 CITY : JACKSON
STATE/ZIP : NH 03846
MORTGAGE AMOUNT : 193,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,712.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,349.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 73.38403
----------------------------------------------------------------
0 0070025374 MORTGAGORS: GODDARD RICHARD
GODDARD JUDITH
REGION CODE ADDRESS : 220 RED ACRE ROAD
01 CITY : STOW
STATE/ZIP : MA 01775
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,765.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,047.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 72.22222
----------------------------------------------------------------
0 0070026893 MORTGAGORS: BURGOS PEDRO
BURGOS JACQUELINE
REGION CODE ADDRESS : 12334 SW 144 TERRACE
01 CITY : MIAMI
STATE/ZIP : FL 33186
MORTGAGE AMOUNT : 79,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,778.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 551.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 001
LTV : 79.91039
----------------------------------------------------------------
0 0070028824 MORTGAGORS: FINLEY JOHN
FINLEY SUZANNE
REGION CODE ADDRESS : 402 CLOVER LEAF LANE
01 CITY : MC KINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 210,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,427.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,474.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 92.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 767,800.00
P & I AMT: 5,663.85
UPB AMT: 766,405.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 324
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070029905 MORTGAGORS: COUTU RONALD
COUTU JANICE
REGION CODE ADDRESS : 173 HARRIS STREET
01 CITY : PAWTUCKET
STATE/ZIP : RI 02861
MORTGAGE AMOUNT : 82,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,702.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 660.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 73.87387
----------------------------------------------------------------
0 0070030804 MORTGAGORS: NICHOLS DONALD
CAMPBELL VALERIE
REGION CODE ADDRESS : 14016 MOUNTAIN RD
01 CITY : PURCELLVILL
STATE/ZIP : VA 20132
MORTGAGE AMOUNT : 214,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,428.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,445.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 001
LTV : 63.11765
----------------------------------------------------------------
0 0070031836 MORTGAGORS: DOODY MICHAEL
DOODY GENEVIEVE
REGION CODE ADDRESS : 336 MAIN STREET
01 CITY : WETHERSFIEL
STATE/ZIP : CT 06109
MORTGAGE AMOUNT : 209,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 208,507.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,425.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 72.56944
----------------------------------------------------------------
0 0070032891 MORTGAGORS: DUBEY THOMAS
DUBEY DOROTHY
REGION CODE ADDRESS : 800 ARBOR FOREST COURT
01 CITY : MARIETTA
STATE/ZIP : GA 30064
MORTGAGE AMOUNT : 92,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 92,632.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 656.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 001
LTV : 79.23077
----------------------------------------------------------------
0 0070034210 MORTGAGORS: KING JERRY
KING GLORIA
REGION CODE ADDRESS : 441 TRANSART PARKWAY
01 CITY : CANTON
STATE/ZIP : GA 30114
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 97,971.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 805.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 35.71008
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 698,300.00
P & I AMT: 4,993.85
UPB AMT: 695,243.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 325
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070034723 MORTGAGORS: KONSKI JR MILTON
REGION CODE ADDRESS : 1728 N E 2ND AVENUE
01 CITY : FORT LAUDER
STATE/ZIP : FL 33305
MORTGAGE AMOUNT : 114,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,830.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 797.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 79.16557
----------------------------------------------------------------
0 0070037759 MORTGAGORS: O'CONNELL KENNETH
O'CONNELL KAREN
REGION CODE ADDRESS : 10 STONEBRIDGE LANE
01 CITY : KINGSTON
STATE/ZIP : MA 02364
MORTGAGE AMOUNT : 199,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,327.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 001
LTV : 79.80000
----------------------------------------------------------------
0 0070039185 MORTGAGORS: THANOS ANN
REGION CODE ADDRESS : 223 GLEN RIDGE LANE
01 CITY : BLOOMINGDAL
STATE/ZIP : IL 60108
MORTGAGE AMOUNT : 88,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 88,054.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 620.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 68.83721
----------------------------------------------------------------
0 0070039326 MORTGAGORS: SELIGMAN SUSAN
REGION CODE ADDRESS : 1583 NORTH ST MARKS PLACE
01 CITY : PALATINE
STATE/ZIP : IL 60067
MORTGAGE AMOUNT : 103,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,595.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 725.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 001
LTV : 69.16667
----------------------------------------------------------------
0 0070042296 MORTGAGORS: BARTON JR RALPH
IORIO ARMANDA
REGION CODE ADDRESS : 8612 NE 10TH ST
01 CITY : BELLEVUE
STATE/ZIP : WA 98004
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.51948
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 777,550.00
P & I AMT: 5,369.09
UPB AMT: 776,479.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 326
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070043500 MORTGAGORS: ANDEREN BENGT
ANDEREN CLAUDINE
REGION CODE ADDRESS : 37 SHEEPHILL ROAD
01 CITY : RIVERSIDE
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 272,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.68687
----------------------------------------------------------------
0 0070044524 MORTGAGORS: CIAMPAGLIONE SANDRA
REGION CODE ADDRESS : 42 MERRIE TRAIL
01 CITY : DENVILLE
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 155,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,775.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,050.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 001
LTV : 82.05263
----------------------------------------------------------------
0 0070044565 MORTGAGORS: PRESTON JOE
PRESTON ALMA
REGION CODE ADDRESS : 928 FRANKLIN STREET
01 CITY : PORT TOWNSE
STATE/ZIP : WA 98368
MORTGAGE AMOUNT : 44,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 44,166.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 305.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 001
LTV : 33.23308
----------------------------------------------------------------
0 0070045687 MORTGAGORS: EDWARDS RICHARD
EDWARDS SHIRLEY
REGION CODE ADDRESS : 1916 GARDENGROVE COURT
01 CITY : PLANO
STATE/ZIP : TX 75075
MORTGAGE AMOUNT : 75,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 75,642.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 522.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 001
LTV : 54.07143
----------------------------------------------------------------
0 0070052816 MORTGAGORS: ENGLAND DANIEL
ENGLAND JO ANN
REGION CODE ADDRESS : 116 TRAPELO ROAD
01 CITY : LINCOLN
STATE/ZIP : MA 01773
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 : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 39.48052
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 852,450.00
P & I AMT: 5,692.09
UPB AMT: 852,234.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 327
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070054085 MORTGAGORS: GOODMAN JOHN
GOODMAN JEANETTE
REGION CODE ADDRESS : 6868 MEADOWCREEK DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75240
MORTGAGE AMOUNT : 365,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 84.02299
----------------------------------------------------------------
0 0070054663 MORTGAGORS: SIEGAL ETHEL
REGION CODE ADDRESS : 21 RYDDINGTON PLACE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 362,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 38.20000
----------------------------------------------------------------
0 0070055116 MORTGAGORS: SMITH JACK
SMITH MARY
REGION CODE ADDRESS : 9414 CHARTER POINT
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78250
MORTGAGE AMOUNT : 42,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 42,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 333.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.77116
----------------------------------------------------------------
0 0070057633 MORTGAGORS: CUSHING DAVID
CUSHING DEBORAH
REGION CODE ADDRESS : 4 JONAS STONE CIRCLE
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 592,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 592,026.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,991.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.06250
----------------------------------------------------------------
0 0070060850 MORTGAGORS: KISH KARL
CAMMARATA ROSEMARY
REGION CODE ADDRESS : 551 OXFORD ROAD
01 CITY : Grosse Pointe Woods
STATE/ZIP : MI 48236
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 41.38000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,603,500.00
P & I AMT: 10,809.42
UPB AMT: 1,603,026.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 328
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070060983 MORTGAGORS: TURKULA THOMAS
TURKULA GRAZINA
REGION CODE ADDRESS : 831 SALCEDA DRIVE
01 CITY : MUNDELEIN
STATE/ZIP : IL 60060
MORTGAGE AMOUNT : 231,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.65101
----------------------------------------------------------------
0 0070061072 MORTGAGORS: PRINGLE STEPHEN
REGION CODE ADDRESS : 1725 EAST KNOX ROAD
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.66766
----------------------------------------------------------------
0 0070061908 MORTGAGORS: KAUFMAN BENNET
KAUFMAN LISA
REGION CODE ADDRESS : 5582 BROADMOOR TERRACE NOR
01 CITY : IJAMSVILLE
STATE/ZIP : MD 21754
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.11301
----------------------------------------------------------------
0 0070063953 MORTGAGORS: COLLINGS STEVE
COLLINGS PAMELA
REGION CODE ADDRESS : 5302 CAMBRIDGE STREET
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 86.72566
----------------------------------------------------------------
0 0070068119 MORTGAGORS: CASEY ROBERT
CASEY JEAN
REGION CODE ADDRESS : 7433 DUNNINGTON PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 237,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 86.30909
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,250,750.00
P & I AMT: 8,772.46
UPB AMT: 1,250,750.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 329
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070068432 MORTGAGORS: NUSSBAUM STEVE
NUSSBAUM KATHLEEN
REGION CODE ADDRESS : 9850 HERON AVENUE NORTH
01 CITY : GRANT
STATE/ZIP : MN 55110
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070068457 MORTGAGORS: BLACK CHRISTOPHE
BLACK SUZANNE
REGION CODE ADDRESS : 5375 FOX PATH LANE
01 CITY : HOFFMAN EST
STATE/ZIP : IL 60192
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.75070
----------------------------------------------------------------
0 0070070867 MORTGAGORS: MATTHEWS MARK
MATTHEWS RACHEL
REGION CODE ADDRESS : 677 NEODAK RD
01 CITY : APEX
STATE/ZIP : NC 27502
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.31579
----------------------------------------------------------------
0 0070075353 MORTGAGORS: SIMON THOMAS
SIMON KATHRYN
REGION CODE ADDRESS : 1114 IVYMONT ROAD
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 494,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,376.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.82258
----------------------------------------------------------------
0 0070077987 MORTGAGORS: ANTIL JOHN
REGION CODE ADDRESS : 20 POCHICK AVENUE
01 CITY : NANTUCKET
STATE/ZIP : MA 02554
MORTGAGE AMOUNT : 361,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.23346
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,782,900.00
P & I AMT: 11,903.64
UPB AMT: 1,782,900.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG0004980830 01
PAGE: 330
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070080312 MORTGAGORS: LIPPITT C
ST PIERRE MICHELLE
REGION CODE ADDRESS : 3164 SOUTH CLAYTON STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
MORTGAGE AMOUNT : 252,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.25714
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 1
LOAN AMT: 252,900.00
P & I AMT: 1,746.72
UPB AMT: 252,900.00
0 TOTAL NUM OF LOANS: 1646
LOAN AMT: 501,441,569.63
P & I AMT: 3,492,029.20
UPB AMT: 500,745,644.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0006441489 MORTGAGORS: BURWEN DAVID
BURWEN SUSAN
REGION CODE ADDRESS : 1114 BLUELAKE SQUARE
03 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,968.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/23
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.89800
----------------------------------------------------------------
0 0007666845 MORTGAGORS: RAGLAND HOWARD
REGION CODE ADDRESS : 4801 ANGELES VISTA BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90043
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,981.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666852 MORTGAGORS: POURSAEID SHAHRAM
REGION CODE ADDRESS : 685 SOUTH WESTFORD STREET
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,440.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666860 MORTGAGORS: ANSON-MAYA MARIA
REGION CODE ADDRESS : 11944 VARA PLACE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,565.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 68.60400
----------------------------------------------------------------
0 0007666878 MORTGAGORS: HARRIS WILLIAM
HARRIS DORIS
REGION CODE ADDRESS : 2404 CLIFF ROAD
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,496.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,323.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 58.08600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,400.00
P & I AMT: 10,294.37
UPB AMT: 1,475,451.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666886 MORTGAGORS: STRYKER WILLIAM
STRYKER KELLY
REGION CODE ADDRESS : 1910 HAYES LANE
01 CITY : SAN MARTIN
STATE/ZIP : CA 95046
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,127.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,035.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 62.70270
----------------------------------------------------------------
0 0007666902 MORTGAGORS: TASLITZ JEROME
TASLITZ FLORENCE
REGION CODE ADDRESS : 33741 MAGELLAN ISLE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,372.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,742.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 54.05400
----------------------------------------------------------------
0 0007666910 MORTGAGORS: MCINTOSH MARY
REGION CODE ADDRESS : 17742 ALONZO PLACE
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 273,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,292.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.98600
----------------------------------------------------------------
0 0007666936 MORTGAGORS: LEWIS ROBERT
LEWIS MARGARET
REGION CODE ADDRESS : 1731 25TH AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.89500
----------------------------------------------------------------
0 0007666951 MORTGAGORS: VAVIC JOVAN
VAVIC LISA
REGION CODE ADDRESS : 4912 ROCKBLUFF DRIVE
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 503,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,134.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,488.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 69.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,001,800.00
P & I AMT: 13,846.45
UPB AMT: 1,998,745.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007666977 MORTGAGORS: BOATMAN WAYNE
BOATMAN BETTY
REGION CODE ADDRESS : 3380 LUBICH DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,533.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 62.70800
----------------------------------------------------------------
0 0007666993 MORTGAGORS: LANKA SRIDHARA
LANKA PRAMILA
REGION CODE ADDRESS : 1101 LITTLEOAK CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 405,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,965.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,766.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667009 MORTGAGORS: LONG CALVIN
CHEN CINDY
REGION CODE ADDRESS : 1260 OAKHAVEN LANE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,509.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,042.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.10000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.10000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667025 MORTGAGORS: BELLATORRE ALFRED
BELLATORRE NINA
REGION CODE ADDRESS : 3230 ALMANSA COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,608.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667033 MORTGAGORS: MURPHY JOHN
MURPHY E.
REGION CODE ADDRESS : 3121 CALLE FRESNO
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,550.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 68.04500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,566,600.00
P & I AMT: 10,731.98
UPB AMT: 1,564,168.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667041 MORTGAGORS: SAW ROSITA
REGION CODE ADDRESS : 130 WALES COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,694.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.18700
----------------------------------------------------------------
0 0007667058 MORTGAGORS: ROBINSON ROBERT
REGION CODE ADDRESS : 2438 N SAN MIGUEL DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 636,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 634,603.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,490.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667066 MORTGAGORS: SEPEHRIPOUR MEHRNAZ
REGION CODE ADDRESS : 4702 PARK ENCINO LANE #325
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,447.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 52.92900
----------------------------------------------------------------
0 0007667074 MORTGAGORS: SCHWEITZER SCOTT
SCHWEITZER PAMELA
REGION CODE ADDRESS : 17395 SERENE DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,447.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,408.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.10600
----------------------------------------------------------------
0 0007667082 MORTGAGORS: POND GREGORY
POND JOYCE
REGION CODE ADDRESS : 7301 E KITE DR
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,614.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,769,500.00
P & I AMT: 12,315.26
UPB AMT: 1,764,807.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667090 MORTGAGORS: NGUYEN JOHN
REGION CODE ADDRESS : 2505 FALLINGTREE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,606.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 75.82000
----------------------------------------------------------------
0 0007667108 MORTGAGORS: GRECO DANIEL
GRECO KELLY
REGION CODE ADDRESS : 22303 REGNART ROAD
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 624,060.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,348.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0007667124 MORTGAGORS: SINSKEY ROBERT
REGION CODE ADDRESS : 2222 BUHMAN AVENUE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 395,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,793.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,724.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 69.98200
----------------------------------------------------------------
0 0007667157 MORTGAGORS: PETERSON FRANK
REGION CODE ADDRESS : 465 29TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 350,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,552.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.98000
----------------------------------------------------------------
0 0007667165 MORTGAGORS: MOORE ROBERT
MOORE DORIS
REGION CODE ADDRESS : 537 HOT SPRINGS ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93108
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,490.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,255.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 48.74000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,953,500.00
P & I AMT: 13,458.11
UPB AMT: 1,950,502.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667173 MORTGAGORS: BLOOM EARL
BLOOM GLENDA
REGION CODE ADDRESS : 22417 AINSWORTH DR
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,078.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 52.28500
----------------------------------------------------------------
0 0007667181 MORTGAGORS: TADJVAR MOHSEN
SAGHARZADEH AZITA
REGION CODE ADDRESS : 17200 EATON LANE
01 CITY : MONTE SERENO
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 508,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 507,236.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,534.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 73.62300
----------------------------------------------------------------
0 0007667199 MORTGAGORS: FITZPATRICK DANIEL
HERNANDEZ ERNEST
REGION CODE ADDRESS : 901 AZURE DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,569.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.21800
----------------------------------------------------------------
0 0007667207 MORTGAGORS: LAU CLIFFORD
LAU ELEANOR
REGION CODE ADDRESS : 135 WATERSIDE CIRCLE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,547.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 77.86600
----------------------------------------------------------------
0 0007667215 MORTGAGORS: SINCLAIR ANDREW
SINCLAIR JULIE
REGION CODE ADDRESS : 1449 ENTRADA VERDE PLACE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,486.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,308.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 74.44400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,500.00
P & I AMT: 11,611.79
UPB AMT: 1,681,918.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667223 MORTGAGORS: SQUIRES MARK
REGION CODE ADDRESS : 309 GILBERT AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,501.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667231 MORTGAGORS: BUXTON MARK
BUXTON ROBIN
REGION CODE ADDRESS : 30 ESTATES DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,536.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 47.84600
----------------------------------------------------------------
0 0007667249 MORTGAGORS: SPIVEY TOM
SPIVEY TERI
REGION CODE ADDRESS : 2884 STEVENSON STREET
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 253,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,919.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 69.97200
----------------------------------------------------------------
0 0007667256 MORTGAGORS: DURDLE PAUL
DURDLE TERESA
REGION CODE ADDRESS : 77 BAY VISTA DRIVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 358,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,966.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.94200
----------------------------------------------------------------
0 0007667264 MORTGAGORS: MACHADO RODNEY
MACHADO SARA
REGION CODE ADDRESS : 8335 COLEGIO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,568.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 78.13300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,800.00
P & I AMT: 10,773.45
UPB AMT: 1,541,492.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667272 MORTGAGORS: ALEXANDER PETER
ALEXANDER SUSAN
REGION CODE ADDRESS : 441 B GOLDENROD
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,695.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667298 MORTGAGORS: DELLWO NICHOLAS
DELLWO CAROL
REGION CODE ADDRESS : 8851 POPPY LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,062.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.92400
----------------------------------------------------------------
0 0007667306 MORTGAGORS: WILKERSON WILLIAM
WILKERSON KATHLEEN
REGION CODE ADDRESS : 2072 KAIA LANE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,970.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667314 MORTGAGORS: ZIMMERMAN JOSEPH
ZIMMERMAN MELINDA
REGION CODE ADDRESS : 704 KESTREL PLACE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,623.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 77.24500
----------------------------------------------------------------
0 0007667348 MORTGAGORS: GRAHEK TONY
GRAHEK ELAINE
REGION CODE ADDRESS : 2021 BRITTANY PARK ROAD
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,442.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,600.00
P & I AMT: 10,370.05
UPB AMT: 1,500,793.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667355 MORTGAGORS: HUSTON MARK
HUSTON MARGARET
REGION CODE ADDRESS : 457 EL CIELITO ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 503,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 502,235.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,482.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 64.90300
----------------------------------------------------------------
0 0007667389 MORTGAGORS: BAILEY JEROME
SHORT JENNIFER
REGION CODE ADDRESS : 815 ORANGE AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 268,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,283.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 70.68400
----------------------------------------------------------------
0 0007667397 MORTGAGORS: WENNER KURT
WENNER ELIZABETH
REGION CODE ADDRESS : 308 WEST YANONALI STREET
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93101
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,752.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,282.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667413 MORTGAGORS: JESKE CRAIG
JESKE ELIZABETH
REGION CODE ADDRESS : 351 ROSS WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,393.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667421 MORTGAGORS: FINCH CALEB
FINCH DORIS
REGION CODE ADDRESS : 2144 CRESCENT DRIVE
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,445.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,527.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 69.52300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,728,600.00
P & I AMT: 12,006.70
UPB AMT: 1,724,110.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667439 MORTGAGORS: LANFRE HARRIETT
REGION CODE ADDRESS : 3601 N POINSETTIA AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,576.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 65.36500
----------------------------------------------------------------
0 0007667447 MORTGAGORS: STEWART RICHARD
STEWART KAREN
REGION CODE ADDRESS : 5181 BORDEAUX AVENUE
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,998.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667496 MORTGAGORS: SMITH RANDALL
REGION CODE ADDRESS : 2101 HILLSIDE DRIVE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 313,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,733.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.65700
----------------------------------------------------------------
0 0007667504 MORTGAGORS: TATUM JEFFERY
REGION CODE ADDRESS : 936 OLIVE STREET
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 429,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,109.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,999.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.72600
----------------------------------------------------------------
0 0007667520 MORTGAGORS: CHEN HONGTAO
CHEN EMILY
REGION CODE ADDRESS : 21009 SEVEN SPRING PKWY
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 502,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,237.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,475.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 50.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,761,800.00
P & I AMT: 12,178.75
UPB AMT: 1,758,655.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667553 MORTGAGORS: PENNATHUR SRIDHAR
REGION CODE ADDRESS : 2129 CORONET BOULEVARD
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,366.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 68.38700
----------------------------------------------------------------
0 0007667561 MORTGAGORS: COOK DENNIS
GRAHAM-COOK KATHLENE
REGION CODE ADDRESS : 2111 PRIMROSE COURT
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 280,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,456.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 79.98109
----------------------------------------------------------------
0 0007667579 MORTGAGORS: RINGEL JOHN
RINGEL CHERYL
REGION CODE ADDRESS : 1106 EAST AMELIA DRIVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,925.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667587 MORTGAGORS: FRIEDMAN MIKE
FRIEDMAN BETSY
REGION CODE ADDRESS : 6664 EAST SMOKETREE AVENUE
01 CITY : AGOURA HILL
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,616.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
0 0007667611 MORTGAGORS: SILIN SAMUEL
SILIN JOANNE
REGION CODE ADDRESS : 7516 BAYLISS PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,425.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,100.00
P & I AMT: 9,714.50
UPB AMT: 1,406,789.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667629 MORTGAGORS: MCNAMARA SEAN
REGION CODE ADDRESS : 2359 CLIPPER STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,521.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 73.95300
----------------------------------------------------------------
0 0007667637 MORTGAGORS: YOUNG DIANA
YOUNG JAMES
REGION CODE ADDRESS : 6159 MANCUSO ST
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,579.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 66.50000
----------------------------------------------------------------
0 0007667645 MORTGAGORS: HART EDWARD
HART EVA
REGION CODE ADDRESS : 9341 HOLT ROAD
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 442,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,321.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.35000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.35000 PRODUCT CODE : 002
LTV : 60.13600
----------------------------------------------------------------
0 0007667652 MORTGAGORS: KAHEN KEN
FARAHDEL ELLENA
REGION CODE ADDRESS : 8231 W 83RD ST
01 CITY : PLAYA DEL RAY AREA LOS AN
STATE/ZIP : CA 90293
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,404.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,559.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 79.36800
----------------------------------------------------------------
0 0007667678 MORTGAGORS: KIRK NORTHROP
KIRK DOROTHY
REGION CODE ADDRESS : 841 CONGRESS AVENUE
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,596.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.15000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.15000 PRODUCT CODE : 002
LTV : 59.52900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,656,000.00
P & I AMT: 11,331.29
UPB AMT: 1,653,423.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667686 MORTGAGORS: BANDY FREDERIC
HUI-BANDY SAU
REGION CODE ADDRESS : 1194 ELMSFORD DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,421.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,678.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
0 0007667702 MORTGAGORS: OSEKOWSKY JOSEPH
MATHEWS DEBORAH
REGION CODE ADDRESS : 20790 CANYON VIEW DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 434,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,314.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,945.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 67.28600
----------------------------------------------------------------
0 0007667710 MORTGAGORS: ZECHMEISTER JERRY
ZECHMEISTER KATHY
REGION CODE ADDRESS : 21671 MONTBURY DR
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,519.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 74.94200
----------------------------------------------------------------
0 0007667728 MORTGAGORS: EVANS CRAIG
EVANS DEBBIE
REGION CODE ADDRESS : 27452 CENAJO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,568.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 84.77600
----------------------------------------------------------------
0 0007667736 MORTGAGORS: HOGSTROM FRANK
HOGSTROM CLAUDIA
REGION CODE ADDRESS : 10216 LEONA AVE
01 CITY : LEONA VALLEY
STATE/ZIP : CA 93551
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,608.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,689,000.00
P & I AMT: 11,690.81
UPB AMT: 1,686,432.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667744 MORTGAGORS: MCKIE DAVID
MCKIE VICKIE
REGION CODE ADDRESS : 45412 VIA JACA
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,597.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.15000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.15000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007667751 MORTGAGORS: SASSER JOHN
SASSER VICKI
REGION CODE ADDRESS : 3015 OAK LEAF LANE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,463.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 72.78300
----------------------------------------------------------------
0 0007667769 MORTGAGORS: FOWLER DAVID
DEMETRI KATHLEEN
REGION CODE ADDRESS : 5972 CROSSVIEW COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,083.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,600.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.15000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.15000 PRODUCT CODE : 002
LTV : 59.23000
----------------------------------------------------------------
0 0007667785 MORTGAGORS: KELLOW ROBERT
KELLOW ANASTASIA
REGION CODE ADDRESS : 1 SCENIC AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,394.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 79.69600
----------------------------------------------------------------
0 0007667793 MORTGAGORS: JUNG VICTOR
JUNG MARY
REGION CODE ADDRESS : 414 SANDPIPER DRIVE
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,501.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.15000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.15000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,565,000.00
P & I AMT: 10,656.79
UPB AMT: 1,562,041.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667801 MORTGAGORS: TARLTON JOHN
TARLTON BEVERLY
REGION CODE ADDRESS : 1385 ROSEWOOD AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,557.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007667819 MORTGAGORS: GIROUX JOHN
GIROUX KATHY
REGION CODE ADDRESS : 719 BLUE SPRUCE DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,323.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.15000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.15000 PRODUCT CODE : 002
LTV : 69.50800
----------------------------------------------------------------
0 0007668031 MORTGAGORS: NEWELL GARY
NEWELL LYNN
REGION CODE ADDRESS : 27332 VIA RIOJA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,528.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.30000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.30000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007668080 MORTGAGORS: BILLIG JOHN
BILLIG YOSHIE
REGION CODE ADDRESS : 590 GLADE DRIVE
01 CITY : SANTA PAULA
STATE/ZIP : CA 93060
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,569.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007668122 MORTGAGORS: DROWN MELVILLE
LA TURNO JAN
REGION CODE ADDRESS : 2580 EUCLID CRESCENT WEST
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,459.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.15000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.15000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,000.00
P & I AMT: 11,133.75
UPB AMT: 1,617,438.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007668130 MORTGAGORS: ROSS TIMOTHY
ROSS RENEE
REGION CODE ADDRESS : 3648 MARKS AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,634.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007668163 MORTGAGORS: TRIMBLE KIMBERLY
MARTIN CLAIRE
REGION CODE ADDRESS : 5167 EAST LOS FLORES STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,578.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030874879 MORTGAGORS: ENGLAND BRUCE
ENGLAND ELLEN
REGION CODE ADDRESS : 3919 BLACKSTONE COURT
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,733.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0030932784 MORTGAGORS: OORDT STEPHEN
OORDT SABRINA
REGION CODE ADDRESS : 3472 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 292,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,726.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0030972012 MORTGAGORS: CRITTENDEN JENNIFER
HARVEY THOMAS
REGION CODE ADDRESS : 12903 VIA GRIMALDI
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,181.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.34693
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,475,350.00
P & I AMT: 10,226.70
UPB AMT: 1,471,855.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031049836 MORTGAGORS: KRAVIN JEFFREY
DOST LAUREL
REGION CODE ADDRESS : 2639 CAMINO LENADA
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,076.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.90300
----------------------------------------------------------------
0 0031055338 MORTGAGORS: BOONE JEFFREY
BOONE SHERYL
REGION CODE ADDRESS : 1197 POMELO COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,098.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.44400
----------------------------------------------------------------
0 0031057151 MORTGAGORS: BESPROZVANNYY EDUARD
CHERKASHINA IRINA
REGION CODE ADDRESS : 40 SAN VICENTE COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 249,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,820.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031057524 MORTGAGORS: WILLIAMS EMMIT
WILLIAMS L.
REGION CODE ADDRESS : 21814 OCEAN AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,164.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080864 MORTGAGORS: LACKEY DEAN
LACKEY KIM
REGION CODE ADDRESS : 4865 DALEWOOD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 250,945.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,754.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,256,745.00
P & I AMT: 8,895.28
UPB AMT: 1,253,913.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031116262 MORTGAGORS: BELYEU FAYE
BELYEU JON
REGION CODE ADDRESS : 19621 WELLS DRIVE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,385.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.51600
----------------------------------------------------------------
0 0031123011 MORTGAGORS: WIESNER DAVE
WIESNER TRACY
REGION CODE ADDRESS : 1750 COLONY WAY
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,602.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031140767 MORTGAGORS: SULLIVAN STEPHEN
VALEROS GILDA
REGION CODE ADDRESS : 345 PACIFIC DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 237,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,882.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031141575 MORTGAGORS: BERRO ALAN
BERRO JODIE
REGION CODE ADDRESS : 1305 PARK WAY
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 900,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 897,369.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,370.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 60.00000
----------------------------------------------------------------
0 0031142920 MORTGAGORS: GANGER GWEN
ZAELKE DIANE
REGION CODE ADDRESS : 647 N WILCOX #3-F
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,651.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,159,150.00
P & I AMT: 15,332.44
UPB AMT: 2,140,891.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031147853 MORTGAGORS: BOGART SCOTT
BOGART KAREN
REGION CODE ADDRESS : 490 LUPINE WAY
01 CITY : VENTURA
STATE/ZIP : CA 93001
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,106.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,195.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031150436 MORTGAGORS: GREGOIRE RICHARD
GREGOIRE DARLEEN
REGION CODE ADDRESS : 132 READY ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031162209 MORTGAGORS: BANKALUK RENEE
DEGENKOLB MARC
REGION CODE ADDRESS : 6423 CASSELBERRY WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92119
MORTGAGE AMOUNT : 236,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,045.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.80900
----------------------------------------------------------------
0 0031162381 MORTGAGORS: WELLMAN ELIZABETH
MONGEON CINDY
REGION CODE ADDRESS : 20 BETTY COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,525.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031162415 MORTGAGORS: SANTOS DALE
SANTOS EILEEN
REGION CODE ADDRESS : 8743 FLORAL STREET
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,689.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.97300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,666,300.00
P & I AMT: 11,827.60
UPB AMT: 1,662,791.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031163330 MORTGAGORS: BRANDON RAYMOND
BRANDON JUDITH
REGION CODE ADDRESS : 3231 POMACE COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 273,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,101.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.98630
----------------------------------------------------------------
0 0031165178 MORTGAGORS: LABSON RODRIGO
LEE LETA
REGION CODE ADDRESS : 330 HILLCREST BOULEVARD
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,174.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.28570
----------------------------------------------------------------
0 0031167653 MORTGAGORS: LILLY DENNIS
REGION CODE ADDRESS : 1412 PEPPER TREE LANE
01 CITY : MODESTO
STATE/ZIP : CA 95355
MORTGAGE AMOUNT : 81,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,719.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 658.99 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031168180 MORTGAGORS: HIXSON ROB
HIXSON GINA
REGION CODE ADDRESS : 6652 ARANDA AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,301.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031172018 MORTGAGORS: SWEET MICHAEL
SWEET ANTONIA
REGION CODE ADDRESS : 6312 BALLANTINE PLACE
01 CITY : OAK PARK
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,000.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,004.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,615,600.00
P & I AMT: 11,363.26
UPB AMT: 1,611,297.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031176274 MORTGAGORS: CONCEPCION ARNEL
CONCEPCION ELSA
REGION CODE ADDRESS : 910 N DEJOY STREET
01 CITY : SANTA MARIA
STATE/ZIP : CA 93454
MORTGAGE AMOUNT : 108,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,797.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 820.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 89.25600
----------------------------------------------------------------
0 0031180532 MORTGAGORS: LEE EDWARD
LEE LINDA
REGION CODE ADDRESS : 14935 DARKSTAR CT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 263,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,574.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031184419 MORTGAGORS: SCHREIBER MARK
SCHREIBER NANCY
REGION CODE ADDRESS : 22707 BRANDYWINE DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,818.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
0 0031187040 MORTGAGORS: HALAMANDARIS CHRIS
HALAMANDARIS GINA
REGION CODE ADDRESS : 742 SANDGLASS DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 278,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,093.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.74200
----------------------------------------------------------------
0 0031191844 MORTGAGORS: KRONGAARD DANIEL
KRONGAARD DIANA
REGION CODE ADDRESS : 2701 CORTE AMATISTA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,444.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,608.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,322,450.00
P & I AMT: 9,283.97
UPB AMT: 1,319,728.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031195613 MORTGAGORS: JACOBSEN SCOTT
JACOBSEN CYNTHIA
REGION CODE ADDRESS : 5527 BUENA VISTA AVENUE
01 CITY : VISALIA
STATE/ZIP : CA 93292
MORTGAGE AMOUNT : 253,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,867.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031195969 MORTGAGORS: SANCHEZ JERRY
SANCHEZ KIMBERLY
REGION CODE ADDRESS : 3338 MARSH HAWK COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,112.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.07692
----------------------------------------------------------------
0 0031198187 MORTGAGORS: BECKERMAN MICHAEL
BECKERMAN KAREN
REGION CODE ADDRESS : 145 SANTA CLARA AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 612,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 611,932.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,390.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031198385 MORTGAGORS: BROWN III E.
BROWN CAROL
REGION CODE ADDRESS : 1020 WOTAN DRIVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,375.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031200264 MORTGAGORS: OTOOLE TERRY
OTOOLE PAMELA
REGION CODE ADDRESS : 3554 AVENIDA PANTERA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,999.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,899.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.54200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,969,250.00
P & I AMT: 13,792.22
UPB AMT: 1,965,287.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031200439 MORTGAGORS: HORTON THOMAS
HORTON DARCI
REGION CODE ADDRESS : 1713 CARVER STREET
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,668.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031200553 MORTGAGORS: HALE BRIAN
HALE SONDRA
REGION CODE ADDRESS : 5812 S GARTH AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,335.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031201114 MORTGAGORS: LEVINSON ANDREW
CHARLES DAMON
REGION CODE ADDRESS : 11575 SUNSHINE TERRACE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,396.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.75900
----------------------------------------------------------------
0 0031201684 MORTGAGORS: THOMPSON JOHN
THOMPSON MICHELLE
REGION CODE ADDRESS : 1596 HALIFAX WAY
01 CITY : ELDORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 228,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,117.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,598.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031201908 MORTGAGORS: SCHWINK THOMAS
REGION CODE ADDRESS : 23958 SEAVIEW DRIVE
01 CITY : WESTPORT
STATE/ZIP : CA 95488
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,478.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,650.00
P & I AMT: 9,397.50
UPB AMT: 1,338,996.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031202633 MORTGAGORS: TICKNOR ROBERT
TICKNOR JILL
REGION CODE ADDRESS : 355 TABOR STREET
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,784.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031203730 MORTGAGORS: HAUSER ROBERT
MASSEY BARBARA
REGION CODE ADDRESS : 4355-4359 EDGEWOOD AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,560.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031203755 MORTGAGORS: PATANE CHRISTOPHER
WELCH MATTHEW
REGION CODE ADDRESS : 2617 ISABELLE AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,173.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031204266 MORTGAGORS: STEFANICH MARK
STEFANICH BARBARA
REGION CODE ADDRESS : 459 BURANO COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031204357 MORTGAGORS: WILLIAMS JOHN
WILLIAMS MARIAN
REGION CODE ADDRESS : 618 S. CITRUS AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,722.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,600.00
P & I AMT: 10,452.29
UPB AMT: 1,506,802.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031205453 MORTGAGORS: STATKUS DAVID
STATKUS FELICIA
REGION CODE ADDRESS : 19418 BENEDICT DRIVE
01 CITY : WOODBRIDGE
STATE/ZIP : CA 95258
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,393.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031205875 MORTGAGORS: LAU TZE-MING
LEUNG MUN
REGION CODE ADDRESS : 25565 CRESTFIELD CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 286,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,642.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.79400
----------------------------------------------------------------
0 0031206766 MORTGAGORS: NEYLAN ROBERT
NEYLAN MOLLY
REGION CODE ADDRESS : 2510 MAGNOLIA WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 382,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,315.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99312
----------------------------------------------------------------
0 0031207186 MORTGAGORS: JAEGER JAMES
JAEGER CHERYL
REGION CODE ADDRESS : 1230 GARDEN LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,487.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031210784 MORTGAGORS: PERLMUTTER ROBERT
PERLMUTTER RACHEL
REGION CODE ADDRESS : 894 RORKE WAY
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 544,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 542,750.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,757.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.53333
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,781,700.00
P & I AMT: 12,354.87
UPB AMT: 1,778,588.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031210925 MORTGAGORS: MARTILLO JOHN
MARTILLO HEATHER
REGION CODE ADDRESS : 6321 WEST 82ND STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,596.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031211998 MORTGAGORS: VILLACORTA NEIL
BUER TIFFANY
REGION CODE ADDRESS : 3990 MARICOPA DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93110
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,587.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031213747 MORTGAGORS: SANTOR MARK
SANTOR PATRICIA
REGION CODE ADDRESS : 5525 GRANITE FALLS WAY
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.08800
----------------------------------------------------------------
0 0031214174 MORTGAGORS: WEED GLENN
WEED KIMBERLY
REGION CODE ADDRESS : 3151 TURNBERRY WAY
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 331,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,389.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,287.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031216088 MORTGAGORS: SPENCER ROBERT
SPENCER CATHY
REGION CODE ADDRESS : 244 ROSS STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,236.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,541,150.00
P & I AMT: 10,688.85
UPB AMT: 1,538,433.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031216328 MORTGAGORS: LEVIN ROBERT
REGION CODE ADDRESS : 14729 ROUND VALLY DRIVE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 342,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,012.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.34000
----------------------------------------------------------------
0 0031216435 MORTGAGORS: PEREZ ANTONIO
PEREZ SUZETTE
REGION CODE ADDRESS : 23661 WEST SILVERHAWK PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 178,880.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,606.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,235.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99785
----------------------------------------------------------------
0 0031216773 MORTGAGORS: BOLLEN RENE
BOLLEN FANNY
REGION CODE ADDRESS : 1101 SEAL WAY
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,834.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,144.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.86400
----------------------------------------------------------------
0 0031217490 MORTGAGORS: LUCY JOHN
LUCY MONICA
REGION CODE ADDRESS : 28193 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 238,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,896.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031218209 MORTGAGORS: ZIMSKI PATRICK
ROSS MERRY
REGION CODE ADDRESS : 6046 LAWTON AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,578.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 52.07900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,623,230.00
P & I AMT: 11,166.65
UPB AMT: 1,619,928.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031218787 MORTGAGORS: WONG CHRISTOPHER
CHAN WANDA
REGION CODE ADDRESS : 1526 BRADBURY ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,035.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031219140 MORTGAGORS: KHADAVI SAID
KHADAVI NASRIN
REGION CODE ADDRESS : 3311 DONA MARIA DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,308.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031220437 MORTGAGORS: SCHONBEIN WILLIAM
SCHONBEIN PRISCILLA
REGION CODE ADDRESS : 823 17TH ST #10
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,982.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.62900
----------------------------------------------------------------
0 0031220809 MORTGAGORS: JUNG LADISLAV
JUNG MIRIAM
REGION CODE ADDRESS : 15 ST MAXIME
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,447.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,408.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.48818
----------------------------------------------------------------
0 0031221583 MORTGAGORS: BROWN LAWRENCE
HUNTER LAUREN
REGION CODE ADDRESS : 5031 PALOMAR DRIVE
01 CITY : TARZANA AREA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 327,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,809.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,723,100.00
P & I AMT: 11,816.36
UPB AMT: 1,719,583.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031221732 MORTGAGORS: GIORDANO ELLA
REGION CODE ADDRESS : 1975 HUNTER ROAD
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,813.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.35800
----------------------------------------------------------------
0 0031221989 MORTGAGORS: WHITE GERALD
WHITE KATHRYN
REGION CODE ADDRESS : 2574 BEVERLY AVENUE
01 CITY : CLOVIS
STATE/ZIP : CA 93611
MORTGAGE AMOUNT : 178,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 176,040.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,291.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0031222540 MORTGAGORS: NGUYEN HOANG
DANG NANCY
REGION CODE ADDRESS : 2987 CALLE DE LAS FLORES
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 311,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,848.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223092 MORTGAGORS: CLARK DIANA
REGION CODE ADDRESS : 8273 SKYLINE CIRCLE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 317,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,664.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031224413 MORTGAGORS: SAYKALLY RICHARD
READ C
REGION CODE ADDRESS : 14 ABBOTT WAY
01 CITY : PIEDMONT
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,217.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.45600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,100.00
P & I AMT: 10,748.77
UPB AMT: 1,553,584.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031224686 MORTGAGORS: CARTER CAMILLE
REGION CODE ADDRESS : 1713 QUEENS ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,618.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,180.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 73.87500
----------------------------------------------------------------
0 0031224769 MORTGAGORS: BRIDGES DAVID
REGION CODE ADDRESS : 209 STATES STREET/4 ORD COURT
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 471,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,253.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,708.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 79.99800
----------------------------------------------------------------
0 0031224959 MORTGAGORS: DAVIS PAUL
DAVIS KATHERINE
REGION CODE ADDRESS : 51 HIGHLAND RD
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,985.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,430.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031227648 MORTGAGORS: TORF KEVIN
TORF SUSAN
REGION CODE ADDRESS : 2904 HERMOSA VIEW DRIVE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 639,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 638,415.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,863.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 79.98800
----------------------------------------------------------------
0 0031228281 MORTGAGORS: ORMAN EIRIK
ORMAN SHERRY
REGION CODE ADDRESS : 820 BAYBERRY DRIVE
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 156,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,538.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,150.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,254,000.00
P & I AMT: 17,332.40
UPB AMT: 2,248,811.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031228604 MORTGAGORS: BISHOP JOHN
GARGARO CLAUDINE
REGION CODE ADDRESS : 180 POMONA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 287,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,331.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.85900
----------------------------------------------------------------
0 0031234859 MORTGAGORS: BASHAW KERIN
BASHAW MATTHEW
REGION CODE ADDRESS : 5486 MILLIGAN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 274,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,730.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031235443 MORTGAGORS: CLARK KATHLEEN
PATTON DEANNA
REGION CODE ADDRESS : 1641 DAYTON LANE
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,679.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,347.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031240567 MORTGAGORS: GREGORY EUGENE
GREGORY BETTY
REGION CODE ADDRESS : 5832 DARLINGTON AVENUE
01 CITY : BUENA PARK
STATE/ZIP : CA 90621
MORTGAGE AMOUNT : 107,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,126.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 777.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031245277 MORTGAGORS: LIU GEORGE
LIU ALICE
REGION CODE ADDRESS : 2735 ARDMORE ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,315.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.31034
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,700.00
P & I AMT: 9,179.53
UPB AMT: 1,328,181.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031248065 MORTGAGORS: MEAKER MICHAEL
GROGAN CAROLE
REGION CODE ADDRESS : 538 NORUMBEGA DRIVE
01 CITY : MONROVIA
STATE/ZIP : CA 91016
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,286.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031248529 MORTGAGORS: EVANS ALLAN
HUNTER APRIL
REGION CODE ADDRESS : 1044 WESTLYNN WAY
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,652.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031251416 MORTGAGORS: ANDERSON RODNEY
ANDERSON SUSAN
REGION CODE ADDRESS : 6939 WILDROSE TERRACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,776.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.25000
----------------------------------------------------------------
0 0031251770 MORTGAGORS: CREW JOHN
CREW WINIFRED
REGION CODE ADDRESS : 255 MONCADA WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,713.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.93500
----------------------------------------------------------------
0 0031257488 MORTGAGORS: OLSON JOSEPH
OLSON BIC HA
REGION CODE ADDRESS : 1575 VENICE DRIVE
01 CITY : SOUTH LAKE TAHOE
STATE/ZIP : CA 96150
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,730.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,500.00
P & I AMT: 11,980.22
UPB AMT: 1,741,159.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031259658 MORTGAGORS: PANARISI THOMAS
PANARISI KELIE
REGION CODE ADDRESS : 2731 BLUME DRIVE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 333,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,003.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.29670
----------------------------------------------------------------
0 0031259823 MORTGAGORS: DREIZLER ROBIN
DREIZLER DINA
REGION CODE ADDRESS : 3401 BOWFIN AVENUE
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,501.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031260300 MORTGAGORS: BLANDA ROSE
REGION CODE ADDRESS : 675 TERRACE AVENUE
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,267.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,075.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031260664 MORTGAGORS: ANDERSON ERICK
ANDERSON ARLENE
REGION CODE ADDRESS : 4913 SMITH CANYON COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,688.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.18600
----------------------------------------------------------------
0 0031262041 MORTGAGORS: KAPLAN JANET
REGION CODE ADDRESS : 1115 23RD STREET,#1
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 324,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,780.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,796,650.00
P & I AMT: 12,786.93
UPB AMT: 1,794,241.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031263205 MORTGAGORS: MONTEZ RICHARD
MONTEZ SANDRA
REGION CODE ADDRESS : 27230 TRINIDAD COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,748.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.81600
----------------------------------------------------------------
0 0031263833 MORTGAGORS: SZUMOWSKI PAULA
REGION CODE ADDRESS : 3631 HYACINTH DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 278,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,032.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.44303
----------------------------------------------------------------
0 0031265028 MORTGAGORS: IWAMOTO MARK
REGION CODE ADDRESS : 31321 VIA DEL VERDE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,731.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031265200 MORTGAGORS: LEEDER TERRY
LEEDER MORAG
REGION CODE ADDRESS : 1829 ORANGETREE LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,724.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.78800
----------------------------------------------------------------
0 0031272586 MORTGAGORS: WORRELL STEPHEN
WORRELL AILEEN
REGION CODE ADDRESS : 20032 MIDLAND LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 278,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,532.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.52100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,000.00
P & I AMT: 11,128.02
UPB AMT: 1,610,770.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031272651 MORTGAGORS: WHEATON CHRISTOPHER
WHEATON MOLIE
REGION CODE ADDRESS : 125 BRETANO WAY
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,724.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,794.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 79.59100
----------------------------------------------------------------
0 0031275514 MORTGAGORS: BARTOLIK PETER
BARTOLIK ROSEMARY
REGION CODE ADDRESS : 2432 VIA DE LOS MILAGROS
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 438,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,098.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,178.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031276579 MORTGAGORS: GRINDAHL JULIE
ALLINGHAM CHRIS
REGION CODE ADDRESS : 5915 KILLARNEY CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.47100
----------------------------------------------------------------
0 0031276736 MORTGAGORS: STENSEL CARL
FRANCESCHI PAULA
REGION CODE ADDRESS : 3475 NORTH KNOLL DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 419,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,696.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,965.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.05600
----------------------------------------------------------------
0 0031280324 MORTGAGORS: WILCOX RANDALL
ARIOS-WILCOX MAUREEN
REGION CODE ADDRESS : 90 HARDY AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.22000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,952,400.00
P & I AMT: 13,867.84
UPB AMT: 1,950,996.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031283500 MORTGAGORS: CANN TIMOTHY
CANN JOSETTE
REGION CODE ADDRESS : 81 MONSERRAT AVENUE
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,801.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031283880 MORTGAGORS: FENDEL FREDERICK
FENDEL KATHERINE
REGION CODE ADDRESS : 14337 W 56TH WAY
01 CITY : ARVADA
STATE/ZIP : CA 80002
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,800.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031286008 MORTGAGORS: BUTTERMOORE KIRK
BUTTERMOORE CATHY
REGION CODE ADDRESS : 1580 OLD MAMMOTH ROAD #522
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93546
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,963.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031287774 MORTGAGORS: MOORE MICHAEL
MOORE DEBRA
REGION CODE ADDRESS : 11 PARADISE COVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,691.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.23800
----------------------------------------------------------------
0 0031288392 MORTGAGORS: BELZER JOSEPH
BELZER BONNIE
REGION CODE ADDRESS : 475 DOLORES DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,310.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,593.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.69400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,440,700.00
P & I AMT: 9,792.47
UPB AMT: 1,439,567.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031291479 MORTGAGORS: BAGLEY WORTH
BAGLEY SIDNEY
REGION CODE ADDRESS : 8640 DUNAWAY DRIVE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,196.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0031296866 MORTGAGORS: VAUGHN SHERRY
VAUGHN FRANKLIN
REGION CODE ADDRESS : 1510 25TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,606.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031297005 MORTGAGORS: GUARINO ALLAN
GUARINO JODY
REGION CODE ADDRESS : 2332 VIA ZAFIRO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 274,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,971.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.34900
----------------------------------------------------------------
0 0031300544 MORTGAGORS: VAN DAM THEODORE
VAN DAM KARLEENE
REGION CODE ADDRESS : 855 AVENIDA ACAPULCO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,360.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.36500
----------------------------------------------------------------
0 0031303357 MORTGAGORS: LITTLEFIELD RONALD
LITTLEFIELD TERRI
REGION CODE ADDRESS : 2895 SCENIC VIEW ROAD
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,295.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,422,650.00
P & I AMT: 9,914.98
UPB AMT: 1,420,429.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031305428 MORTGAGORS: MAYORGA ANTHONY
MAYORGA SANDRA
REGION CODE ADDRESS : 9635 SAGEBERRY COURT
01 CITY : WILTON
STATE/ZIP : CA 95693
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,785.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031306541 MORTGAGORS: BARRETT DAVID
BARRETT KATHERINE
REGION CODE ADDRESS : 859 I AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 445,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,427.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,154.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.59821
----------------------------------------------------------------
0 0031306889 MORTGAGORS: TAPSCOTT OLLIE
REGION CODE ADDRESS : 25 ERVINE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94134
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,816.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.67700
----------------------------------------------------------------
0 0031307044 MORTGAGORS: CARASIK GREG
CARASIK ANDREA
REGION CODE ADDRESS : 15118 CALLE DEL ORO
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,218.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.96200
----------------------------------------------------------------
0 0031309156 MORTGAGORS: SHOWALTER BRANDY
LUND SHANNA
REGION CODE ADDRESS : 213 NORTH FAIRWAY DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,384.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,750.00
P & I AMT: 10,897.51
UPB AMT: 1,539,632.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031309933 MORTGAGORS: LIPPMAN CHRISTOPHER
LIPPMAN ALISON
REGION CODE ADDRESS : 444 MARVIEW LANE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,653.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,149.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031311822 MORTGAGORS: SHARMA ANNU
REGION CODE ADDRESS : 6 NIDDEN
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,544.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.62500
----------------------------------------------------------------
0 0031312341 MORTGAGORS: SENNA ERNEST
SENNA CELIA
REGION CODE ADDRESS : 25762 DURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 281,980.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.88400
----------------------------------------------------------------
0 0031312994 MORTGAGORS: ARNDT RONALD
ARNDT BARBARA
REGION CODE ADDRESS : 24755 QUEENS COURT
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,815.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------
0 0031314792 MORTGAGORS: WILENSKY ROBERT
DANFORTH ANN
REGION CODE ADDRESS : 560 SPRUCE STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,809.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 43.41200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,885,980.00
P & I AMT: 13,199.01
UPB AMT: 1,884,582.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031315492 MORTGAGORS: MCCLAY TERRY
MCCLAY JANE
REGION CODE ADDRESS : 2040 FORSTER LANE
01 CITY : AUBURN
STATE/ZIP : CA 95603
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,780.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031318553 MORTGAGORS: VORSTER KAREN
REGION CODE ADDRESS : 970 MAC KENDRIE STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95126
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,598.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031323702 MORTGAGORS: BACKER MARK
BACKER MICHELLE
REGION CODE ADDRESS : 273 DELMAR WAY
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
MORTGAGE AMOUNT : 468,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,393.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,237.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031323967 MORTGAGORS: GALGAS RANDY
GALGAS SUZANNE
REGION CODE ADDRESS : 238 CLIFFWOOD DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031325905 MORTGAGORS: GERSH STUART
GERSH SUSAN
REGION CODE ADDRESS : 17960 VIA BUENA VIDA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,554.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,195.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.92200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,899,550.00
P & I AMT: 13,218.69
UPB AMT: 1,898,126.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031326499 MORTGAGORS: MAHONEY STEPHEN
MAHONEY ANNE
REGION CODE ADDRESS : 85 CORTE TOLUCA
01 CITY : LARKSPUR.
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 497,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,631.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,475.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.30300
----------------------------------------------------------------
0 0031328669 MORTGAGORS: VOSBURGH GORDON
VOSBURGH ERIN
REGION CODE ADDRESS : 7710 SANTA THERESA DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,300.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,560.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 87.15596
----------------------------------------------------------------
0 0031328768 MORTGAGORS: PAUL ALBERT
PAUL SANDRA
REGION CODE ADDRESS : 44 NORTH VISTA DE CATALINA
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,531.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.41500
----------------------------------------------------------------
0 0031329584 MORTGAGORS: FLOOD DAVID
REGION CODE ADDRESS : 6042 HEDGEWALL DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,277.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.05400
----------------------------------------------------------------
0 0031329758 MORTGAGORS: ZUMBRUN DAVID
ZUMBRUN PATRICIA
REGION CODE ADDRESS : 1908 SUNSET DRIVE
01 CITY : VENTURA
STATE/ZIP : CA 93001
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,610.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,670.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.53600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,152,000.00
P & I AMT: 14,819.48
UPB AMT: 2,150,351.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031329964 MORTGAGORS: BRANT HAROLD
BRANT DONALEA
REGION CODE ADDRESS : 9695 CARTA LANE
01 CITY : EL CAJON
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 293,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,309.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.22700
----------------------------------------------------------------
0 0031331184 MORTGAGORS: BROWN DAVID
BROWN PATRICIA
REGION CODE ADDRESS : 1245 LANDFAIR CIRCLE
01 CITY : SANTA ANA AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 231,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,055.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.46000
----------------------------------------------------------------
0 0031331267 MORTGAGORS: JABBARI KAMRAN
JABBARI DEBRA
REGION CODE ADDRESS : 23781 BRANT LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031331838 MORTGAGORS: FUREY FREDERICK
FUREY ANGELA
REGION CODE ADDRESS : 113 NORTH GOMEZ CIRCLE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,822.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.85100
----------------------------------------------------------------
0 0031331945 MORTGAGORS: CHOE HON
CHOE HAE
REGION CODE ADDRESS : 5089 VIA CUPERTINO
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,950.00
P & I AMT: 9,876.91
UPB AMT: 1,436,669.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031332448 MORTGAGORS: BURCH ALFRED
BURCH DORRIS
REGION CODE ADDRESS : 1432 BROOKDALE WAY
01 CITY : MANTECA
STATE/ZIP : CA 95336
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,641.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031333339 MORTGAGORS: GOFF HENRY
GOFF KAREN
REGION CODE ADDRESS : 1520 WEST SEXTON ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,065.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031333511 MORTGAGORS: OANIA RENATO
OANIA LYDIA
REGION CODE ADDRESS : 11056 JERRY PLACE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,814.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031333883 MORTGAGORS: PITTS SHANNON
PITTS JAMIE
REGION CODE ADDRESS : 15 CHAPPARAL COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,716.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031333958 MORTGAGORS: JANES DREW
JANES CHRISTINE
REGION CODE ADDRESS : 23510 HEARTHSIDE COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.75342
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,339,250.00
P & I AMT: 9,292.58
UPB AMT: 1,338,060.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031335037 MORTGAGORS: DUNCAN JAD
DUNCAN AMY
REGION CODE ADDRESS : 2188 CAMINITO DEL BARCO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92014
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.75757
----------------------------------------------------------------
0 0031335763 MORTGAGORS: SPENCER CRAIG
SPENCER LISA
REGION CODE ADDRESS : 2758 FINLEY
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,789.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.37500
----------------------------------------------------------------
0 0031335979 MORTGAGORS: NEUDORF TERRENCE
WEI WEI
REGION CODE ADDRESS : 722 CADILLAC DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,779.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031336035 MORTGAGORS: NORRIS STEVEN
NORRIS KIMBERLY
REGION CODE ADDRESS : 21 ROCKROSE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,580.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.56100
----------------------------------------------------------------
0 0031338353 MORTGAGORS: VALCKE CHRISTIAN
VALCKE KATHLEEN
REGION CODE ADDRESS : 3013 CAMINITO SAGUNTO
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,708.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,443,000.00
P & I AMT: 9,847.87
UPB AMT: 1,441,467.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031338411 MORTGAGORS: MONCADA JOE
MONCADA JENNE
REGION CODE ADDRESS : 345 AVENIDA NOGALES
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,053.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031339005 MORTGAGORS: SANFORD JAMES
REGION CODE ADDRESS : 538.538B,540 WESTBOURNE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,680.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031339542 MORTGAGORS: VAILETTI MARCO
VAILETTI ANITA
REGION CODE ADDRESS : 875 GLENNAN DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0031340276 MORTGAGORS: BORSUK JEFFERY
BORSUK GERI
REGION CODE ADDRESS : 53 VIA FLOREADO
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,427.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.59300
----------------------------------------------------------------
0 0031340599 MORTGAGORS: GHAZIKHANIANS VARGEZ
GIRGOORIAN JENIK
REGION CODE ADDRESS : 2400 N 6TH STREET
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,323.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,560,900.00
P & I AMT: 10,715.68
UPB AMT: 1,559,485.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031341282 MORTGAGORS: FRAZIER CRAIG
FRAZIER MELISSA
REGION CODE ADDRESS : 27 WRANGLER COURT
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 267,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,170.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98995
----------------------------------------------------------------
0 0031341324 MORTGAGORS: ANDERSON ERIC
WONG SELENA
REGION CODE ADDRESS : 4774 FINCH WAY
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 260,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,500.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.35975
----------------------------------------------------------------
0 0031341605 MORTGAGORS: YOON PHILLIP
YOON HELEN
REGION CODE ADDRESS : 1361 WINCHESTER AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91201
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031341902 MORTGAGORS: COTTINGHAM JOHN
COTTINGHAM KATE
REGION CODE ADDRESS : 19350 BAINTER AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,584.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,915.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031343916 MORTGAGORS: STANTON MICHAEL
STANTON DEBRA
REGION CODE ADDRESS : 3578 EAST CORONA STREET
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 183,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 182,706.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,232.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.56500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,900.00
P & I AMT: 10,483.28
UPB AMT: 1,516,777.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031344047 MORTGAGORS: WALLENGREN MARK
WALLENGREN BARBARA
REGION CODE ADDRESS : 4451 BEN AVENUE
01 CITY : VALLEY VILLAGE AREA
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,698.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,944.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.56000
----------------------------------------------------------------
0 0031345382 MORTGAGORS: ANDERSON ZACHARY
ANDERSON CHRISTINE
REGION CODE ADDRESS : 18991 VILLA TERRACE
01 CITY : YORBA LIND
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,798.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.42800
----------------------------------------------------------------
0 0031345580 MORTGAGORS: WARREN MAURICE
REGION CODE ADDRESS : 20 LAURIE DRIVE
01 CITY : BRENTWOOD
STATE/ZIP : CA 94513
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.63025
----------------------------------------------------------------
0 0031345804 MORTGAGORS: EISEN MARIE
SNYDER PAUL
REGION CODE ADDRESS : 80 PINE AVENUE
01 CITY : WOODACRE
STATE/ZIP : CA 94973
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.77600
----------------------------------------------------------------
0 0031345838 MORTGAGORS: OWENS JEFFREY
REGION CODE ADDRESS : 1905 PARK STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,000.00
P & I AMT: 11,585.53
UPB AMT: 1,642,799.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031345945 MORTGAGORS: COMER THOMAS
COMER CATHERINE
REGION CODE ADDRESS : 77 DAPPLEGRAY ROAD
01 CITY : BELL CANYON
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,590.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,449.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031347347 MORTGAGORS: SHOHAT MURRY
SHOHAT ESTHER
REGION CODE ADDRESS : 3768 CROSS CREEK CIRCLE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,536.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031347354 MORTGAGORS: ISAACS MICHAEL
REGION CODE ADDRESS : 12414 LAUREL TERRACE DRIVE
01 CITY : STUDIO CITY AREA LOS ANGE
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.96800
----------------------------------------------------------------
0 0031347727 MORTGAGORS: WRIGHT JAMES
WRIGHT KATHLEEN
REGION CODE ADDRESS : 849 BLACK WALNUT WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,729.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031348899 MORTGAGORS: ROMERO ALFRED
ROMERO MERCEDES
REGION CODE ADDRESS : 305 & 307 NORTH CRAIG AVENUE
01 CITY : CITY OF PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 75,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 74,642.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 524.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 39.47300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,000.00
P & I AMT: 10,061.16
UPB AMT: 1,470,498.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031349095 MORTGAGORS: GAFFNEY JOHN
GAFFNEY JACQUELINE
REGION CODE ADDRESS : 21113 HUMINGBIRD COURT
01 CITY : BODEGA BAY
STATE/ZIP : CA 94923
MORTGAGE AMOUNT : 257,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 60.01166
----------------------------------------------------------------
0 0031350366 MORTGAGORS: POZZUOLI PETER
POZZUOLI DANA
REGION CODE ADDRESS : 459 EAST NINETEENTH STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031350473 MORTGAGORS: SING MARLON
SING LYNN
REGION CODE ADDRESS : 2326 EL PASO
01 CITY : CLOVIS
STATE/ZIP : CA 93611
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,788.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 889.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 82.50000
----------------------------------------------------------------
0 0031350853 MORTGAGORS: PARK JE
PARK SUN
REGION CODE ADDRESS : 4642 ALVEO ROAD
01 CITY : LA CANADA FLINTRIDGE AREA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.57100
----------------------------------------------------------------
0 0031351406 MORTGAGORS: SHAW WILLARD
SHAW PATRICIA
REGION CODE ADDRESS : 24281 CASCADES DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,322.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,403,150.00
P & I AMT: 9,618.33
UPB AMT: 1,402,057.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031352131 MORTGAGORS: LEATH L.
LEATH LILA
REGION CODE ADDRESS : 636 KOTAKE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.15000
----------------------------------------------------------------
0 0031353667 MORTGAGORS: ELKAIM MARC
ELKAIM DANIELE
REGION CODE ADDRESS : 3002 HUTTON PLACE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.23077
----------------------------------------------------------------
0 0031354004 MORTGAGORS: CHIANG PEDRO
REGION CODE ADDRESS : 314 NEWCASTLE LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,577.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.40400
----------------------------------------------------------------
0 0031355027 MORTGAGORS: CHOUINARD RICHARD
CHOUINARD DEBRA
REGION CODE ADDRESS : 30411 VINEYARD LANE
01 CITY : CASTAIC AREA
STATE/ZIP : CA 91384
MORTGAGE AMOUNT : 271,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,853.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031356413 MORTGAGORS: PRATT WAYNE
PRATT GAIL
REGION CODE ADDRESS : 29161 BOBOLINK DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,278.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,569,550.00
P & I AMT: 10,971.27
UPB AMT: 1,568,171.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031356793 MORTGAGORS: MILLER BRIAN
MILLER DANIELLE
REGION CODE ADDRESS : 8744 NOTTINGHAM PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,715.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031358138 MORTGAGORS: WOODS WILLARD
WOODS CHERYL
REGION CODE ADDRESS : 28035 AMBERGATE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,643.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,232.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031358252 MORTGAGORS: CECIL KENNETH
CECIL THARA
REGION CODE ADDRESS : 3184 SAGE GLEN
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,758.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
0 0031359060 MORTGAGORS: SARNO GLORIA
REGION CODE ADDRESS : 918 CANYON VIEW DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,155.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,823.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031359227 MORTGAGORS: LOPRESTI PETER
LOPRESTI PARVIN
REGION CODE ADDRESS : 1105 WELLESLEY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 429,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,520.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,265.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,064,600.00
P & I AMT: 14,991.88
UPB AMT: 2,061,793.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359300 MORTGAGORS: LEWIS EDWARD
LEWIS REGINA
REGION CODE ADDRESS : 144 CORTE ANITA
01 CITY : GREENBRAE
STATE/ZIP : CA 94904
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,711.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,756.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 79.36500
----------------------------------------------------------------
0 0031359326 MORTGAGORS: LEWIS MELVIN
LEWIS PAULINE
REGION CODE ADDRESS : 509 BROUGHTON LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,411.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,721.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031359466 MORTGAGORS: CALABRESE VERNA
REGION CODE ADDRESS : 17070 RANCHO STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 750,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 749,088.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,766.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 73.17100
----------------------------------------------------------------
0 0031359524 MORTGAGORS: LIVINGSTONE DAVID
LIVINGSTONE SOPHIA
REGION CODE ADDRESS : 520 LATIMER ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 612,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 611,255.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,705.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031359599 MORTGAGORS: GABRIEL JAMES
REGION CODE ADDRESS : 4430 MORELLA AVENUE
01 CITY : NORTH HOLLYWOOD
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,869.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,325.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.81300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,531,000.00
P & I AMT: 19,275.83
UPB AMT: 2,527,336.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359953 MORTGAGORS: VILLAMOR RODELL
VILLAMOR ELLA
REGION CODE ADDRESS : 25752 DURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 294,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,002.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031360308 MORTGAGORS: HENRY JACK
HENRY CYNTHIA
REGION CODE ADDRESS : 11590 RUSK COVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92126
MORTGAGE AMOUNT : 242,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,460.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0031360472 MORTGAGORS: SOPHOS PETER
SOPHOS LISA
REGION CODE ADDRESS : 10563 BELEN PLACE
01 CITY : VENTURA
STATE/ZIP : CA 93004
MORTGAGE AMOUNT : 283,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,889.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 79.74600
----------------------------------------------------------------
0 0031360654 MORTGAGORS: MCCAFFREY JOSEPH
MCCAFFREY EMMA
REGION CODE ADDRESS : 36 WESTPORT STREET
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,821.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.35400
----------------------------------------------------------------
0 0031360902 MORTGAGORS: QUILICI RONALD
PELOQUIN MARY
REGION CODE ADDRESS : 3025 THOMPSON AVENUE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 328,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,567.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.22800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,800.00
P & I AMT: 9,664.54
UPB AMT: 1,393,743.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031365331 MORTGAGORS: FROEHLICH STEVEN
FROEHLICH ILENE
REGION CODE ADDRESS : 7104 BRIARSTONE LANE
01 CITY : WEST HILLS
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,221.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031366750 MORTGAGORS: WIERINGA JANET
REGION CODE ADDRESS : 4618 WEST 8TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90005
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031367006 MORTGAGORS: PIMIENTA JAIME
PIMIENTA ELVIRA
REGION CODE ADDRESS : 29451 CASTLE ROAD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 277,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,627.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99145
----------------------------------------------------------------
0 0031367261 MORTGAGORS: WARNER DENNIS
WARNER SUSAN
REGION CODE ADDRESS : 3109 SUNSHINE PLACE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,786.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.82300
----------------------------------------------------------------
0 0031367303 MORTGAGORS: BRAREN BRIAN
BOLINAO MARIA
REGION CODE ADDRESS : 145 GRIGLIO DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,316,250.00
P & I AMT: 9,026.03
UPB AMT: 1,315,413.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031367329 MORTGAGORS: BRISTOW PATRICK
REGION CODE ADDRESS : 2927 E CHEVY CHASE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031367709 MORTGAGORS: FRANCESCHI PETER
REGION CODE ADDRESS : 952 FLYING FISH STREET
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,161.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.79000
----------------------------------------------------------------
0 0031368061 MORTGAGORS: CAMPBELL DOLLEE
REGION CODE ADDRESS : 2312 EAST KATELLA AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 110,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,922.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 788.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.18700
----------------------------------------------------------------
0 0031368525 MORTGAGORS: PASZTERKO PETER
PASZTERKO LESLIE
REGION CODE ADDRESS : 1646 BENIK ROAD
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031369309 MORTGAGORS: YUSKO GARY
YUSKO L.
REGION CODE ADDRESS : 18842 CELTIC STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,302.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,222,500.00
P & I AMT: 8,608.70
UPB AMT: 1,222,043.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031369846 MORTGAGORS: SPOONER RICHARD
SPOONER KELLI
REGION CODE ADDRESS : 25745 COLDBROOK
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,572.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031369879 MORTGAGORS: JEWIK LAWRENCE
JEWIK CAROLE
REGION CODE ADDRESS : 15 PEARTREE COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 308,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,259.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,104.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.10100
----------------------------------------------------------------
0 0031371057 MORTGAGORS: KAPPOS JOHN
YEI CHANG LILIAN
REGION CODE ADDRESS : 3404 EAST WOODBINE ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 509,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 508,223.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,515.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.54100
----------------------------------------------------------------
0 0031371347 MORTGAGORS: KAWASHIRI DAVID
HIGASHI MIA
REGION CODE ADDRESS : 10637 CHIQUITA STREET
01 CITY : TOLUCA LAKE (AREA)
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031371354 MORTGAGORS: WACHHOLTZ BRUCE
WACHHOLTZ ANNE
REGION CODE ADDRESS : 7716 CORTE VIOLETA
01 CITY : CARLBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,802.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,250.00
P & I AMT: 11,090.13
UPB AMT: 1,600,646.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031371891 MORTGAGORS: SHAMBRA MARY
REGION CODE ADDRESS : 116 LAS PALMAS STREET
01 CITY : OXNARD AREA
STATE/ZIP : CA 93035
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.15700
----------------------------------------------------------------
0 0031372089 MORTGAGORS: BUCK J.
ANGELINI ROCKY
REGION CODE ADDRESS : 52 DAWNVIEW WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031372543 MORTGAGORS: BRADLEY CHRISTOPHER
BRADLEY SONJA
REGION CODE ADDRESS : 1912 HAMPTON LANE
01 CITY : GLENDALE
STATE/ZIP : CA 91201
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,701.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031374036 MORTGAGORS: MAIER PATRICIA
MAIER STEPHEN
REGION CODE ADDRESS : 39612 LAHANA WAY
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,837.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,418.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031374986 MORTGAGORS: PEREIRA MANUEL
PEREIRA VERONICA
REGION CODE ADDRESS : 136 TINY STREET
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 188,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,497.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,271.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,430,800.00
P & I AMT: 9,914.09
UPB AMT: 1,430,036.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031375298 MORTGAGORS: RICHARDSON JEFFERY
RICHARDSON LOIS
REGION CODE ADDRESS : 3011 VINA VIAL
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,795.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.14900
----------------------------------------------------------------
0 0031376510 MORTGAGORS: BARAZSU DAVID
BARAZSU JULIE
REGION CODE ADDRESS : 5071 PARIS WAY
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.68700
----------------------------------------------------------------
0 0031376668 MORTGAGORS: MATEUCHEU ALEXANDER
MATEUCHEV MARGARET ROSE
REGION CODE ADDRESS : 1132 FORDHOOK DRIVE
01 CITY : LA CANADA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 254,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,840.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.97916
----------------------------------------------------------------
0 0031376890 MORTGAGORS: LOWERY WESLEY
LOWERY GERTRUDE
REGION CODE ADDRESS : 6848 VANPORT AVENUE
01 CITY : WHITTIER
STATE/ZIP : CA 90606
MORTGAGE AMOUNT : 145,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 145,236.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 991.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031377583 MORTGAGORS: YORK MICHAEL
REGION CODE ADDRESS : 33472 CORAL REACH STREET
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 257,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,039.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.62100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,193,900.00
P & I AMT: 8,530.64
UPB AMT: 1,192,723.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377823 MORTGAGORS: ILLOKKEN ERLING
ILLOKKEN GRETE
REGION CODE ADDRESS : 27031 SILVER MOON LANE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,652.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031380793 MORTGAGORS: BLAU PATRICIA
REGION CODE ADDRESS : 50 LA CRESCENTA WAY
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,781.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 46.45600
----------------------------------------------------------------
0 0031380884 MORTGAGORS: HOLMES GLEN
HOLMES CHRISTINE
REGION CODE ADDRESS : 16 INDIAN PIPE
01 CITY : DOVE CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 498,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,239.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,529.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.90625
----------------------------------------------------------------
0 0031381445 MORTGAGORS: MORRISON DAN
MARCOULIS ANDREA
REGION CODE ADDRESS : 764 EL CERRO BOULEVARD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 247,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,942.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 58.84500
----------------------------------------------------------------
0 0031381494 MORTGAGORS: SVENDSGAARD PETER
SVENDSGAARD GEORGENE
REGION CODE ADDRESS : 858 EL CERRO BOULEVARD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,732.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.07800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,863,750.00
P & I AMT: 12,952.61
UPB AMT: 1,862,347.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031382187 MORTGAGORS: CHESMORE NATHAN
CHESMORE DARLA
REGION CODE ADDRESS : 1641 LA PORTE DRIVE
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 359,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,890.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,542.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.21300
----------------------------------------------------------------
0 0031383680 MORTGAGORS: RIVERA REYNALDO
DOTSON LORI
REGION CODE ADDRESS : 33801 CALLE CONEJO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,801.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.70500
----------------------------------------------------------------
0 0031384365 MORTGAGORS: GOLDSTEIN MARK
ELLIOT MARGUERITE
REGION CODE ADDRESS : 125 WINDING WAY
01 CITY : ROSS
STATE/ZIP : CA 94957
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,467.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,324.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 54.38300
----------------------------------------------------------------
0 0031384944 MORTGAGORS: DUTERTE BRENDAN
DUTERTE RUTH
REGION CODE ADDRESS : 1759 EL CODO WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,750.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031385594 MORTGAGORS: BROWNSTEIN RICHARD
BROWNSTEIN SUSAN
REGION CODE ADDRESS : 13140 ADDISON STREET
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,310.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.65700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,842,650.00
P & I AMT: 12,609.71
UPB AMT: 1,841,219.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031385743 MORTGAGORS: PALMER W.D.
PALMER SANDRA
REGION CODE ADDRESS : 15028 LODOSA DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90605
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031385826 MORTGAGORS: PORCH RAQUEL
REGION CODE ADDRESS : 9312 TRITT CIRCLE
01 CITY : VILLA PARK
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,815.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 48.28800
----------------------------------------------------------------
0 0031386105 MORTGAGORS: MC CLINTOCK WILLIAM
MC CLINTOCK CHERYL
REGION CODE ADDRESS : 1701 PEONY LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,193.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.24000
----------------------------------------------------------------
0 0031386113 MORTGAGORS: SHKLOVSKI ALEXANDER
SHKLOVSKI ALLA
REGION CODE ADDRESS : 1425 NEWPORTER WAY
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,711.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.19354
----------------------------------------------------------------
0 0031386410 MORTGAGORS: PARIKH VIJAY
PARIKH VARSHA
REGION CODE ADDRESS : 6223 EAST BLAIRWOOD LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,691.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,701.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.41500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,608,400.00
P & I AMT: 11,282.15
UPB AMT: 1,607,213.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031386493 MORTGAGORS: SCHWEITZER DIANNE
REGION CODE ADDRESS : 282 BONAIR STREET
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 266,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,491.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.62500
----------------------------------------------------------------
0 0031390230 MORTGAGORS: STEEL DAVID
REGION CODE ADDRESS : 5 PONTE
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,758.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
0 0031390248 MORTGAGORS: SHWEIRI ANTHONY
SHWEIRI AMANY
REGION CODE ADDRESS : 20111 DONORA AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,769.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.88800
----------------------------------------------------------------
0 0031392889 MORTGAGORS: VERA RICHARD
RZEPNICK EILEEN
REGION CODE ADDRESS : 11412 KENSINGTON ROAD
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 339,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,048.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031393507 MORTGAGORS: DRASLER THOMAS
DRASLER DEBORAH
REGION CODE ADDRESS : 30571 VIA VENTANA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,681,000.00
P & I AMT: 11,633.40
UPB AMT: 1,679,725.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031394224 MORTGAGORS: GUTHRIE WILLIAM
MC CLEARY-GUTHRIE CATHLEIN
REGION CODE ADDRESS : 29 MIRADOR
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,716.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.02500
----------------------------------------------------------------
0 0031394844 MORTGAGORS: BERMAN NORM
REGION CODE ADDRESS : 1012 CLIFF DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,236.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031395247 MORTGAGORS: SCHOTZ ERIC
SCHOTZ LINDA
REGION CODE ADDRESS : 5641 NEWCASTLE LANE
01 CITY : CALABASAS AREA
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 642,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 641,460.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,217.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.83700
----------------------------------------------------------------
0 0031395759 MORTGAGORS: FLORES JOHN
FLORES PATRICIA
REGION CODE ADDRESS : 71 TOPAZ WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 340,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,947.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031396633 MORTGAGORS: ALTHER JAMES
ALTHER CLAUDIA
REGION CODE ADDRESS : 2000 RUHLAND AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,175,200.00
P & I AMT: 14,808.78
UPB AMT: 2,173,111.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031399041 MORTGAGORS: ADHAMI AFSHIN
REGION CODE ADDRESS : 10400 LA GRANGE AVENUE NO. 101
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,572.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031399744 MORTGAGORS: LESH ADAM
LESH JODIE
REGION CODE ADDRESS : 13662 STONEVIEW DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.28700
----------------------------------------------------------------
0 0031399801 MORTGAGORS: KIM EE
MOON SUSAN
REGION CODE ADDRESS : 24558 STONEGATE DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,764.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.20000
----------------------------------------------------------------
0 0031399884 MORTGAGORS: ORR PETER
SMITH-ORR BARBARA
REGION CODE ADDRESS : 1608 VALLEDA LANE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,814.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031400435 MORTGAGORS: O'CONNOR THOMAS
O'CONNOR SALLY
REGION CODE ADDRESS : 28252 MILLWOOD ROAD
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 299,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,541.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.94600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,800.00
P & I AMT: 10,412.03
UPB AMT: 1,507,433.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031400658 MORTGAGORS: BOHIGIAN JOANNE
REGION CODE ADDRESS : 1034 RUDDER LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,530.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031400740 MORTGAGORS: SINGER JEFFREY
SINGER NATHALIE
REGION CODE ADDRESS : 1550 MICHAEL LANE
01 CITY : LOS ANGELES PACIFIC PALIS
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,732.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.72300
----------------------------------------------------------------
0 0031400757 MORTGAGORS: MOREHOUSE THOMAS
MOREHOUSE CAROL
REGION CODE ADDRESS : 1395 COMMONWEALTH DRIVE
01 CITY : KINGS BEACH
STATE/ZIP : CA 96143
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,758.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.50600
----------------------------------------------------------------
0 0031401045 MORTGAGORS: MATTHIAS JOHN
MATTHIAS KELLY
REGION CODE ADDRESS : 20667 CROWCREEK ROAD
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 274,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,046.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.52400
----------------------------------------------------------------
0 0031401276 MORTGAGORS: TOLCHER CHRISTOPHER
TOLCHER LORI
REGION CODE ADDRESS : 6139 LANDINO DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,809.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 92.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,000.00
P & I AMT: 10,653.96
UPB AMT: 1,518,876.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031402233 MORTGAGORS: REUSS HERBERT
REGION CODE ADDRESS : 1666 SOUTH BERWICK PLACE
01 CITY : WESTLAKE VILLAGE AREA
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,779.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031402407 MORTGAGORS: HASSENBERG MANNY
HASSENBERG USA
REGION CODE ADDRESS : 2765 CARLARIS ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,736.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,576.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.30200
----------------------------------------------------------------
0 0031402431 MORTGAGORS: AUDISH SALIM
AUDISH OLIVIA
REGION CODE ADDRESS : 19206 KILLOCH WAY
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,219.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.62300
----------------------------------------------------------------
0 0031403371 MORTGAGORS: BUCHAN MARTHA
REGION CODE ADDRESS : 1526 HERMOSITA DRIVE
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 134,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,400.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 940.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.55800
----------------------------------------------------------------
0 0031403413 MORTGAGORS: TIMMINS PATRICK
TIMMINS MICHELE
REGION CODE ADDRESS : 3256 BROOKSIDE LANE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,729.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.34900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,000.00
P & I AMT: 10,099.69
UPB AMT: 1,417,864.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031404627 MORTGAGORS: LEHMER KENNETH
LEHMER JOANN
REGION CODE ADDRESS : 4052 VIA VALMONTE
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,676.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.08100
----------------------------------------------------------------
0 0031404809 MORTGAGORS: MISSAKIAN GARO
MISSAKIAN BRIGITTE
REGION CODE ADDRESS : 16243 OAK TREE CROSSING
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,742.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,426.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.97400
----------------------------------------------------------------
0 0031405798 MORTGAGORS: RYAN MICHAEL
RYAN GLORIA
REGION CODE ADDRESS : 1950 PORT BISHOP PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,531.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.86400
----------------------------------------------------------------
0 0031406044 MORTGAGORS: SHARMA ROGER
SHARMA MONA
REGION CODE ADDRESS : 1476 WINDSOR DRIVE
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,881.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,118.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031406630 MORTGAGORS: HEALEY FRANCIS
REGION CODE ADDRESS : 24035 DORY DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,271.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,150.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,829,500.00
P & I AMT: 12,619.20
UPB AMT: 1,828,103.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031406705 MORTGAGORS: BAMSEY CRAIG
REGION CODE ADDRESS : 2846 WESTBROOK AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,656.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,121.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031407406 MORTGAGORS: BUONOCORE ANTHONY
BUONOCORE SHIRLEY
REGION CODE ADDRESS : 6937 AZALEA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,483.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031409634 MORTGAGORS: AINSLEY PAUL
REGION CODE ADDRESS : 13609 VALERIO STREET NO. E
01 CITY : (VAN NUYS AREA) LOS ANGEL
STATE/ZIP : CA 91405
MORTGAGE AMOUNT : 62,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 62,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 440.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 79.97400
----------------------------------------------------------------
0 0031409733 MORTGAGORS: DELONG REX
DELONG LISA
REGION CODE ADDRESS : 19 DAVIS
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,564.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.08200
----------------------------------------------------------------
0 0031409790 MORTGAGORS: CHRISTENSEN MICHAEL
CHRISTENSEN TAMMY
REGION CODE ADDRESS : 28924 MORO BAY DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 376,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,224.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,602.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,506,100.00
P & I AMT: 10,384.90
UPB AMT: 1,504,229.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031410046 MORTGAGORS: PAREKH DIPAK
PAREKH PUNITA
REGION CODE ADDRESS : 1 VERMONT
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,160.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,090.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031410202 MORTGAGORS: ASPLUND KARL
ASPLUND DEBORAH
REGION CODE ADDRESS : 19002 RACINE DRIVE
01 CITY : IRVINE
STATE/ZIP : CA 92715
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031410475 MORTGAGORS: SMITH DON
REGION CODE ADDRESS : 980 ARBOR STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,888.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,048.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031410608 MORTGAGORS: RODAN URI
RODAN ANAT
REGION CODE ADDRESS : 8307-09 BLACKBURN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,685.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,078.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.69000
----------------------------------------------------------------
0 0031410699 MORTGAGORS: SADAI JONATHAN
MCCLURE-SADAI PATRICIA
REGION CODE ADDRESS : 2300 PORT DURNESS PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 389,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,417.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,758.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,545,100.00
P & I AMT: 10,822.12
UPB AMT: 1,543,956.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031410731 MORTGAGORS: LE LUC
LE HUONG
REGION CODE ADDRESS : 10372 CIRCULO DE ZAPATA
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,727.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031410871 MORTGAGORS: MICHEL MAYNARD
MICHEL HELEN
REGION CODE ADDRESS : 1733 TOURMALINE COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.21600
----------------------------------------------------------------
0 0031411192 MORTGAGORS: MINGUILLON R
MINGUILLON MARY
REGION CODE ADDRESS : 3739 LAKEBRIAR PLACE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 338,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,465.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 60.08800
----------------------------------------------------------------
0 0031411358 MORTGAGORS: PRING MADELINE
REGION CODE ADDRESS : 22 HERITAGE DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.41791
----------------------------------------------------------------
0 0031411432 MORTGAGORS: WALKER TIMOTHY
WALKER VICTORIA
REGION CODE ADDRESS : 5 BRENT COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.24500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,545,750.00
P & I AMT: 10,559.40
UPB AMT: 1,544,316.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031411473 MORTGAGORS: RANKIN JENNIFER
REGION CODE ADDRESS : 157 ARDITH DR
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,294.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.50000
----------------------------------------------------------------
0 0031411481 MORTGAGORS: THORMAN MICHAEL
SNEIDER DENA
REGION CODE ADDRESS : 80 LOMBARDY LN
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 320,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,262.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.54000
----------------------------------------------------------------
0 0031411556 MORTGAGORS: ARGUS-LEFLER GINA
REGION CODE ADDRESS : 1932 OVERLOOK ROAD
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,013.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031411580 MORTGAGORS: MACKEY ROBERT
MACKEY DOROTHY
REGION CODE ADDRESS : 6480 WISTERIA WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031411598 MORTGAGORS: DUTCHER ROBERT
DUTCHER NANETTE
REGION CODE ADDRESS : 9271 ANTLER HILL DRIVE
01 CITY : KELSEYVILLE
STATE/ZIP : CA 95451
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,596.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,430,000.00
P & I AMT: 9,973.34
UPB AMT: 1,428,932.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031411614 MORTGAGORS: LEWIS TREVOR
LEWIS LYNN
REGION CODE ADDRESS : 332 16TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,570.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,751.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.11111
----------------------------------------------------------------
0 0031411648 MORTGAGORS: WILLMAN SUSAN
REGION CODE ADDRESS : 25 CHARLES HILL ROAD
01 CITY : ORINDA
STATE/ZIP : CA 94563
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.07700
----------------------------------------------------------------
0 0031411655 MORTGAGORS: BROOKS KENNETH
BROOKS ELIZABETH
REGION CODE ADDRESS : 383 WINDMILL LANE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,790.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031411663 MORTGAGORS: CHRISTOFFERSON WILLIAM
CHRISTOFFERSON RANDIE
REGION CODE ADDRESS : 3044 SHETLAND DRIVE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,787.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.71428
----------------------------------------------------------------
0 0031411697 MORTGAGORS: VAN MILLIGEN FRED
BISHOP JANET
REGION CODE ADDRESS : 650 JEAN MARIE DR
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 278,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,687.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.96774
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,862,900.00
P & I AMT: 12,819.84
UPB AMT: 1,861,471.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031411705 MORTGAGORS: MEMOLE FRANCIS
MEMOLE TERRI
REGION CODE ADDRESS : 5911 SHORT STREET
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,784.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.00004
----------------------------------------------------------------
0 0031411911 MORTGAGORS: TAO YANMIN
REGION CODE ADDRESS : 350 FLOWER LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 258,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,008.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98785
----------------------------------------------------------------
0 0031412034 MORTGAGORS: SCHELL MICHAEL
SIMMONDS VALERIE
REGION CODE ADDRESS : 2815 BEN LOMOND DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,254.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031412091 MORTGAGORS: RUCK JOZEF
ITO DONNA
REGION CODE ADDRESS : 780 RINGWOOD AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,749.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,543.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 41.76400
----------------------------------------------------------------
0 0031412968 MORTGAGORS: ROBINSON TED
ROBINSON YASUKO
REGION CODE ADDRESS : 17320 RAYEN STREET
01 CITY : NORTHRIDGE (AREA)
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,595.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.62100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,700.00
P & I AMT: 10,360.97
UPB AMT: 1,482,392.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031413388 MORTGAGORS: COYLE STEVEN
COYLE KATHLEEN
REGION CODE ADDRESS : 1135 HORIZON DRIVE
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.97600
----------------------------------------------------------------
0 0031413628 MORTGAGORS: COHEN JOSEPH
COHEN JOANNE
REGION CODE ADDRESS : 3900 CLEARFORD COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 191,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,200.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,305.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.71300
----------------------------------------------------------------
0 0031413636 MORTGAGORS: REVERCOMB JO ANN
REGION CODE ADDRESS : 2020 HARRIMAN LANE #B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 293,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,076.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.27000
----------------------------------------------------------------
0 0031413735 MORTGAGORS: RUBIN CRAIG
RUBIN ELLEN
REGION CODE ADDRESS : 19136 GAYLE PLACE
01 CITY : TARZANA AREA LOS ANGELES
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 283,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,594.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.74736
----------------------------------------------------------------
0 0031414121 MORTGAGORS: WENDZEL STAN
WENDZEL DENISE
REGION CODE ADDRESS : 2207 VIA IRIS
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,282.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.75500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,950.00
P & I AMT: 9,381.16
UPB AMT: 1,349,154.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031414329 MORTGAGORS: TAYLOR WILLIAM
TAYLOR BRIDGET
REGION CODE ADDRESS : 3851 CHESTNUT AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.65900
----------------------------------------------------------------
0 0031414394 MORTGAGORS: HIGA JEFFERY
HIGA LISA
REGION CODE ADDRESS : 358 WINSLOW AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,315.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.75862
----------------------------------------------------------------
0 0031414410 MORTGAGORS: KRUEGER ROBERT
KRUEGER MILA
REGION CODE ADDRESS : 286 ST CROIX COURT
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,816.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.55900
----------------------------------------------------------------
0 0031417470 MORTGAGORS: BADA JONATHAN
BADA DARLENE
REGION CODE ADDRESS : 1923 VELEZ DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.61200
----------------------------------------------------------------
0 0031417983 MORTGAGORS: DETRICK JOHN
DETRICK VERA
REGION CODE ADDRESS : 4169 LEVELSIDE AVENUE
01 CITY : LAKEWOOD
STATE/ZIP : CA 90712
MORTGAGE AMOUNT : 275,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,545.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.84600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,312,750.00
P & I AMT: 9,227.27
UPB AMT: 1,311,966.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031418411 MORTGAGORS: JONES MELVIN
PITTOCK JANET
REGION CODE ADDRESS : 1226 REMBRANDT DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,266.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,282.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031418445 MORTGAGORS: MILOSEVICH GREGORY
MILOSEVICH MICHELLE
REGION CODE ADDRESS : 20746 CROW CANYON ROAD
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,277.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.00000
----------------------------------------------------------------
0 0031418494 MORTGAGORS: ENDO TOSHIO
REGION CODE ADDRESS : 5074 FAIRVIEW CIRCLE
01 CITY : BUENA PARK
STATE/ZIP : CA 90621
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,821.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031418502 MORTGAGORS: WILLIAMSON CLARINDA
REGION CODE ADDRESS : 1068 NORTH HERMOSA DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92801
MORTGAGE AMOUNT : 124,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,405.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 859.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.23500
----------------------------------------------------------------
0 0031418528 MORTGAGORS: DEVAULT WILLIAM
DEVAULT KATHRYN
REGION CODE ADDRESS : 2133 REDONDELA DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,790.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.24600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,270,500.00
P & I AMT: 8,906.97
UPB AMT: 1,269,561.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031418551 MORTGAGORS: BARBORKA DRAKE
BARBORKA ETEL
REGION CODE ADDRESS : 12665 PRESCOTT AVENUE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,742.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031419054 MORTGAGORS: MCCAFFERTY MAUREEN
MCCLINTICK TIMOTHY
REGION CODE ADDRESS : 3997 HAPPY VALLEY ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,992.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,516.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.89600
----------------------------------------------------------------
0 0031419229 MORTGAGORS: LI POWEN
LI CHIU-FONG
REGION CODE ADDRESS : 9961 SOUTH CENTER DRIVE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,748.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,456.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.84400
----------------------------------------------------------------
0 0031419872 MORTGAGORS: DAGOSTINO JOSEPH
DAGOSTINO ELEANOR
REGION CODE ADDRESS : 3055 FIRST AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,294.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0031420003 MORTGAGORS: LEE TYLER
LEE ALENE
REGION CODE ADDRESS : 510 NORTH ALAHMAR STREET
01 CITY : ALHAMBRA
STATE/ZIP : CA 91801
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.09000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,819,500.00
P & I AMT: 12,902.54
UPB AMT: 1,817,513.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031420011 MORTGAGORS: HANDEL STEVEN
FERGUSON-HANDEL PENELOPE
REGION CODE ADDRESS : 99 MOORE LANE
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 49.23000
----------------------------------------------------------------
0 0031421191 MORTGAGORS: DEDDEH DHIA
DEDDEH SETA
REGION CODE ADDRESS : 317 GLEN CREEK DRIVE
01 CITY : BONITA (AREA)
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,808.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.71400
----------------------------------------------------------------
0 0031421837 MORTGAGORS: WHITE ANDRE
REGION CODE ADDRESS : 27440 GLENWOOD DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,771.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.76700
----------------------------------------------------------------
0 0031421852 MORTGAGORS: DAWSON EDWIN
REGION CODE ADDRESS : 36240 ANTHONY ROAD
01 CITY : AGUA DULCE AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,827.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.23500
----------------------------------------------------------------
0 0031425465 MORTGAGORS: COLOMBI RODNEY
REGION CODE ADDRESS : 1984 DEL MAR AVENUE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,316.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.96600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,500.00
P & I AMT: 9,680.27
UPB AMT: 1,374,492.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031428261 MORTGAGORS: ROSENTHAL THEODORE
MCCORD LISA
REGION CODE ADDRESS : 2673 PALOS VERDES DRIVE NORTH
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,755.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.60400
----------------------------------------------------------------
0 0031428782 MORTGAGORS: NG MARLOWE
ULRICH SHARON
REGION CODE ADDRESS : 892 TRESTLE GLEN ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,166.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.58878
----------------------------------------------------------------
0 0031430309 MORTGAGORS: FLINT ANDREW
EDMISTON AMY
REGION CODE ADDRESS : 2011 MARIN AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,526.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031430325 MORTGAGORS: SUGARMAN CHARLES
SUGARMAN SHERON
REGION CODE ADDRESS : 394 MAGEE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 34.41100
----------------------------------------------------------------
0 0031430382 MORTGAGORS: PALERMO RONALD
REGION CODE ADDRESS : 1208 REDONDA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,658,100.00
P & I AMT: 11,487.40
UPB AMT: 1,656,845.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031430440 MORTGAGORS: TAPPER DOUGLAS
MORGAN-TAPPER JANE
REGION CODE ADDRESS : 307 WINDCHIME DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,756.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031430572 MORTGAGORS: KOUTOULAS PAUL
KOUTOULAS ARLENE
REGION CODE ADDRESS : 15 ROWLEY CIRCLE
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 521,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,863.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,644.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031430606 MORTGAGORS: PERETZ CAROLL
PERETZ MIRIAM
REGION CODE ADDRESS : 1700 SOUTH CORNING STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 202,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 201,850.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,412.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.45400
----------------------------------------------------------------
0 0031430614 MORTGAGORS: WILLIAMS CHRIS
WILLIAMS MICHELLE
REGION CODE ADDRESS : 1046 EAST FAIRMOUNT ROAD
01 CITY : BURBANK
STATE/ZIP : CA 91501
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,309.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.61900
----------------------------------------------------------------
0 0031430622 MORTGAGORS: ZUKOR ALLAN
ZUKOR BEVERLY
REGION CODE ADDRESS : 650 COLUMBIA STREET # 409
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,664,750.00
P & I AMT: 11,597.87
UPB AMT: 1,663,504.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031430671 MORTGAGORS: PAYNE ANTONY
PAYNE JEANINNE
REGION CODE ADDRESS : 16634 CHAPLIN AVENUE
01 CITY : ENCINO AREA
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 467,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,161.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,308.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.40300
----------------------------------------------------------------
0 0031430697 MORTGAGORS: REED ANGELA
REGION CODE ADDRESS : 14308 MARIANOPOLIS WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 266,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,706.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.25700
----------------------------------------------------------------
0 0031430721 MORTGAGORS: COZENS PETER
COZENS KERRI
REGION CODE ADDRESS : 630 ABERDEEN WAY
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,776.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.47600
----------------------------------------------------------------
0 0031430754 MORTGAGORS: SAHABIAN DICRAN
SAHABIAN DANIELA
REGION CODE ADDRESS : 2001 N. BERENDO STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,713.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,411.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.07600
----------------------------------------------------------------
0 0031430770 MORTGAGORS: KOCHIS LORAINE
REGION CODE ADDRESS : 17871 SAN RAFAEL STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,812.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.61900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,668,400.00
P & I AMT: 11,714.17
UPB AMT: 1,667,170.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031430788 MORTGAGORS: LEVINSOHN DAVID
LEVINSOHN JENNIFER
REGION CODE ADDRESS : 4346 REDWOOD AVENUE UNIT A305
01 CITY : MARINA DEL REY
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,511.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031430804 MORTGAGORS: BARKER BRETT
BARKER DEBORAH
REGION CODE ADDRESS : 568 PENINSULA DRIVE
01 CITY : LAKE ALMANOR
STATE/ZIP : CA 96137
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,719.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,746.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 76.07800
----------------------------------------------------------------
0 0031430812 MORTGAGORS: ORR MARSHALL
ORR CAROL
REGION CODE ADDRESS : 630 COMPASS COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,136.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031430820 MORTGAGORS: CHIDLAW KEITH
CHIDLAW DIANE
REGION CODE ADDRESS : 854 PICCADILLY CIRCLE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 265,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,552.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.92800
----------------------------------------------------------------
0 0031430838 MORTGAGORS: ZUGER ANDREW
ZUGER DINA
REGION CODE ADDRESS : 679 VISTA DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.22400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,705,500.00
P & I AMT: 11,958.41
UPB AMT: 1,703,586.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031430846 MORTGAGORS: GACNIK MICHAEL
GACNIK TERESA
REGION CODE ADDRESS : 610 COMPASS COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 274,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,234.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.77500
----------------------------------------------------------------
0 0031430853 MORTGAGORS: JAVONILLO MELVIN
ALVAREZ-JAVONILLO VERONICA
REGION CODE ADDRESS : 818 MAGELLAN LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.87300
----------------------------------------------------------------
0 0031430879 MORTGAGORS: KOHANSKI JOSEPH
CHERRY DEBRA
REGION CODE ADDRESS : 10300 VIRETTA LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 418,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,289.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,926.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.42300
----------------------------------------------------------------
0 0031430895 MORTGAGORS: HILTPOLD ROGER
HILTPOLD NATALIE
REGION CODE ADDRESS : 7184 PINTAIL DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 235,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,398.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.33500
----------------------------------------------------------------
0 0031430903 MORTGAGORS: DENNE THOMAS
DENNE LAUREN
REGION CODE ADDRESS : 349 RIESLING COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 403,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,800.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,818.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,300.00
P & I AMT: 11,321.62
UPB AMT: 1,610,525.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031430937 MORTGAGORS: TAN ANDIYONO
TAN YULIA
REGION CODE ADDRESS : 369 RIESLING COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 326,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,651.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.35000
----------------------------------------------------------------
0 0031431018 MORTGAGORS: BOYER JAMES
BOYER LAURA
REGION CODE ADDRESS : 32 SORRENTO COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 417,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,698.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,951.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.42800
----------------------------------------------------------------
0 0031431067 MORTGAGORS: VINSON CHRISTOPHER
VINSON BETTINA
REGION CODE ADDRESS : 830 DAFFODIL WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,610.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031431075 MORTGAGORS: KARABATSOS GEORGE
HALPERN PATRICIA
REGION CODE ADDRESS : 6684 HAMPTON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 462,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,630.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,112.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.60000
----------------------------------------------------------------
0 0031431083 MORTGAGORS: STRUGO WENDY
STRUGO AVI
REGION CODE ADDRESS : 2152 WEDGEWOOD WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,273.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,165.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,937,900.00
P & I AMT: 13,384.09
UPB AMT: 1,935,864.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031431117 MORTGAGORS: BOUTORABI KOUROSH
TABATABAI BITA
REGION CODE ADDRESS : 8555 WALNUT DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,811.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.06400
----------------------------------------------------------------
0 0031431166 MORTGAGORS: ALEXANDER MICHAEL
ALEXANDER KATHARINE
REGION CODE ADDRESS : 8725 SUNBIRD AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 319,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,894.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,150.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031431208 MORTGAGORS: RANA AMRITPAL
REGION CODE ADDRESS : 2172 CHAMPLAIN WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
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 : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031431430 MORTGAGORS: SODERVICK PAUL
SODERVICK KIMBERLY
REGION CODE ADDRESS : 2756 MORGAN DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031432131 MORTGAGORS: JONSON JOHN
LORSON KELLY
REGION CODE ADDRESS : 305 STANFORD AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,619.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,329.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,150.00
P & I AMT: 11,134.25
UPB AMT: 1,645,840.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031434301 MORTGAGORS: GRATZER ALAN
TAYLOR NANCY
REGION CODE ADDRESS : 223 CONEJO ROAD
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93103
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,709.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.85714
----------------------------------------------------------------
0 0031434897 MORTGAGORS: GOLD BRIAN
GOLD TERESA
REGION CODE ADDRESS : 5920 WEST 75TH STREET
01 CITY : WESTCHESTER
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,794.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.33333
----------------------------------------------------------------
0 0031435423 MORTGAGORS: CHARLES DENNIS
REGION CODE ADDRESS : 832 SAUSALITO DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 264,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,308.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.95500
----------------------------------------------------------------
0 0031435811 MORTGAGORS: TRINH NAM
REGION CODE ADDRESS : 60 BRUSSELS ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94134
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,283.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031435878 MORTGAGORS: CARNEY R
REGION CODE ADDRESS : 88 MEADOW COURT
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93546
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,243.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,500.00
P & I AMT: 10,434.84
UPB AMT: 1,514,339.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031435886 MORTGAGORS: WILLIAMS PHILIP
WILLIAMS MARIA
REGION CODE ADDRESS : 195 BRANDYWINE WAY
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94939
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,794.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031435977 MORTGAGORS: WALMAN MITCHELL
WALMAN MICHELE
REGION CODE ADDRESS : 10631 BUTTERFIELD RD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 433,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,194.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,105.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.75000
----------------------------------------------------------------
0 0031435985 MORTGAGORS: KIRKPATRICK KEVIN
KIRKPATRICK COBY
REGION CODE ADDRESS : 22627 SOUTH FREDERICK ROAD
01 CITY : RIPON
STATE/ZIP : CA 95366
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,302.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.69600
----------------------------------------------------------------
0 0031435993 MORTGAGORS: APTAKER STEVEN
APTAKER LAURIE
REGION CODE ADDRESS : 458 SOUTH EL CAMINO DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90212
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 : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 56.25000
----------------------------------------------------------------
0 0031436041 MORTGAGORS: NAVARRO OSCAR
NAVARRO ABIGAIL
REGION CODE ADDRESS : 1316 NORTH LOUISE STREET
01 CITY : SANTA ANA
STATE/ZIP : CA 92706
MORTGAGE AMOUNT : 140,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,784.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 937.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.25641
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,900.00
P & I AMT: 10,498.59
UPB AMT: 1,533,706.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031436074 MORTGAGORS: ERLANDSON JON
ERLANDSON PAMELA
REGION CODE ADDRESS : 584 PINE ST
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,773.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031436108 MORTGAGORS: RITTER JOHN
RIES BARBARA
REGION CODE ADDRESS : 96 ROBINHOOD DR
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,730.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.58700
----------------------------------------------------------------
0 0031436199 MORTGAGORS: SIN WAI
TSE YVONNE
REGION CODE ADDRESS : 221 KIMBERWOOD CT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 382,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,723.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,703.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.63400
----------------------------------------------------------------
0 0031436439 MORTGAGORS: ERGASTOLO JOSEPH
ERGASTOLO COLLEEN
REGION CODE ADDRESS : 7914 VIA ENSENADA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.83100
----------------------------------------------------------------
0 0031436900 MORTGAGORS: MEAD CURTIS
MEAD MARLENE
REGION CODE ADDRESS : 5626 SUNDOWN LANE
01 CITY : TRES PINOS
STATE/ZIP : CA 95075
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,714.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,000.00
P & I AMT: 11,751.60
UPB AMT: 1,686,735.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031436934 MORTGAGORS: MCBRIDE DENNIS
MCBRIDE ALICE
REGION CODE ADDRESS : 8749 SUNBIRD AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 276,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,339.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.80003
----------------------------------------------------------------
0 0031437015 MORTGAGORS: WAGY WILLIAM
REGION CODE ADDRESS : 312 CHERRY AVENUE
01 CITY : CAPITOLA
STATE/ZIP : CA 95010
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,667.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------
0 0031437304 MORTGAGORS: BRUTON DEREK
BRUTON HELEN
REGION CODE ADDRESS : 3425 ST. MARY'S ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,746.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031437353 MORTGAGORS: TOM PETER
GONG-TOM DEBORAH
REGION CODE ADDRESS : 412 WAWMA LANE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,691.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031437437 MORTGAGORS: PEPPER JANET
REGION CODE ADDRESS : 4775 LA VILLA MARINA UNIT J
01 CITY : LOS ANGELES
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,312.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.48200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,050.00
P & I AMT: 11,259.92
UPB AMT: 1,650,757.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031438385 MORTGAGORS: ELKIHEL HASSAN
ELKIHEL LISA
REGION CODE ADDRESS : 1339 MAPLEWOOD DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,411.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98100
----------------------------------------------------------------
0 0031438666 MORTGAGORS: FRIEDMAN ROBERT
FRIEDMAN JEANETTE
REGION CODE ADDRESS : 1561 FOREST TRAIL
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93546
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031438682 MORTGAGORS: PERKINS WILLIAM
PERKINS KRISTIN
REGION CODE ADDRESS : 10 RAMON COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,747.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.96700
----------------------------------------------------------------
0 0031439045 MORTGAGORS: SHAHIJANIAN PATRICK
REGION CODE ADDRESS : 617 ROSELLI STREET
01 CITY : BURBANK
STATE/ZIP : CA 91501
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,833.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031439151 MORTGAGORS: KISSINGER PETER
KISSINGER CHRISTIE
REGION CODE ADDRESS : 4601 PRESCOTT ROAD
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,295.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.71400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,100.00
P & I AMT: 9,260.04
UPB AMT: 1,337,085.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031439615 MORTGAGORS: CARRILLO VINCENT
TAPPERO-CARRILLO CARLA
REGION CODE ADDRESS : 16705 TRAIL DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,269.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031439631 MORTGAGORS: HAMILTON WILLIAM
HAMILTON CAROL
REGION CODE ADDRESS : 1046 MIDDLEFIELD ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.33300
----------------------------------------------------------------
0 0031439664 MORTGAGORS: HOVEY GARY
HOVEY CAROL
REGION CODE ADDRESS : 4598 TILBURY DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,056.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031439706 MORTGAGORS: SORG GARY
SORG NOREEN
REGION CODE ADDRESS : 736 ST. JOHN CIRCLE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,792.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.78313
----------------------------------------------------------------
0 0031439789 MORTGAGORS: SCHAFFER RICHARD
WELLS BETSY
REGION CODE ADDRESS : 627 ISLAND VIEW DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93109
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,728.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,750.00
P & I AMT: 10,235.58
UPB AMT: 1,481,620.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031440076 MORTGAGORS: TESSANDORI JOHN
TESSANDORI LAURA
REGION CODE ADDRESS : 385 FAIRVIEW AVE
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,700.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,714.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.85700
----------------------------------------------------------------
0 0031440092 MORTGAGORS: FRASER JAMES
FRASER SHIRLEY
REGION CODE ADDRESS : 7326 E PINTO WAY
01 CITY : ORANGE
STATE/ZIP : CA 92669
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.17000
----------------------------------------------------------------
0 0031440126 MORTGAGORS: CHOI WILLIAM
CHOI RAISSA
REGION CODE ADDRESS : 4612 EL CAMINO CORTO
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 499,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,219.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,450.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031442221 MORTGAGORS: JONES TERRYL
REGION CODE ADDRESS : 5910 CENTRALIA STREET
01 CITY : LAKEWOOD
STATE/ZIP : CA 90713
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,889.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 867.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.64700
----------------------------------------------------------------
0 0031442361 MORTGAGORS: SCHIFF MAURICE
SCHIFF SHARON
REGION CODE ADDRESS : 24300 BELFORD COURT
01 CITY : WESTHILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 372,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,530.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,638.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,687,400.00
P & I AMT: 11,673.75
UPB AMT: 1,686,119.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031442437 MORTGAGORS: NEUWALD PETER
REGION CODE ADDRESS : 194 SEASCAPE RIDGE DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 185,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,258.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,280.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031442460 MORTGAGORS: LIBERATO MIGUEL
LIBERATO MYRNA
REGION CODE ADDRESS : 5516 EAU CLAIRE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,760.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.02100
----------------------------------------------------------------
0 0031442528 MORTGAGORS: STRONG KEVIN
STRONG RIE
REGION CODE ADDRESS : 1 TWIN BRANCH
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 411,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,620.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,775.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031442601 MORTGAGORS: GROUWINKEL RICHARD
GROUWINKEL KAREN
REGION CODE ADDRESS : 23437 EVALYN AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,820.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.82539
----------------------------------------------------------------
0 0031442635 MORTGAGORS: SCANLAN JANE
REGION CODE ADDRESS : 420 S BARRINGTON # 302
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,430,350.00
P & I AMT: 9,806.44
UPB AMT: 1,429,244.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031442718 MORTGAGORS: DE FALCO EUGENE
REGION CODE ADDRESS : 9637 MISTY MEADOW LANE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92026
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,565.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031442734 MORTGAGORS: COHEN JOEL
COHEN JOAN
REGION CODE ADDRESS : 10043 HILLGROVE DRIVE
01 CITY : LOS ANGELES BEVERLY HILL
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 568,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 567,567.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,923.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 73.29000
----------------------------------------------------------------
0 0031442783 MORTGAGORS: GUERRERA DONALD
GUERRERA MARY
REGION CODE ADDRESS : 6371 EL PASO DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,784.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.31000
----------------------------------------------------------------
0 0031442809 MORTGAGORS: GLENN ARLEEN
REGION CODE ADDRESS : 2151 HAYES STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,759.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031442825 MORTGAGORS: CATLIN DAVID
WELLER BARBARA
REGION CODE ADDRESS : 869 CUMBERLAND ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,769.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.54300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,077,000.00
P & I AMT: 14,474.50
UPB AMT: 2,075,447.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031442866 MORTGAGORS: PURTELL CHARLES
PURTELL CAROLINE
REGION CODE ADDRESS : 1748 SPYGLASS ROAD
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 155,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,893.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,123.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.49000
----------------------------------------------------------------
0 0031442924 MORTGAGORS: NORVELL SALLY
NORVELL KATHERINE
REGION CODE ADDRESS : 526 DUSTY ACRES COURT
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,747.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031442999 MORTGAGORS: YEARBY BOBBY
YEARBY LINDA
REGION CODE ADDRESS : 25351 NORTH GOLD RIDGE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,751.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,427.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.24200
----------------------------------------------------------------
0 0031443344 MORTGAGORS: DOUGLAS GLENN
DOUGLAS LEESA
REGION CODE ADDRESS : 10660 CHIPPENHAM RD
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,694.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031443815 MORTGAGORS: AURA BRETT
AURA CATHY
REGION CODE ADDRESS : 3460 DEER VALLEY COURT
01 CITY : RESCUE
STATE/ZIP : CA 95672
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,764.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,512,000.00
P & I AMT: 10,461.25
UPB AMT: 1,510,851.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031443849 MORTGAGORS: BREEN JOHN
BREEN GLORIA
REGION CODE ADDRESS : 65 PARK ROAD
01 CITY : FAIRFAX
STATE/ZIP : CA 94930
MORTGAGE AMOUNT : 247,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,161.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031443872 MORTGAGORS: CHIOTTI GARY
CHIOTTI MADELINE
REGION CODE ADDRESS : 1505 TOURAINE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,774.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.55814
----------------------------------------------------------------
0 0031443906 MORTGAGORS: BRADFORD GARY
BRADFORD JANET
REGION CODE ADDRESS : 301 SANDERLING COURT
01 CITY : BODEGA BAY
STATE/ZIP : CA 94923
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,599.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031443930 MORTGAGORS: YAW HARVEY
HUMBER P.
REGION CODE ADDRESS : 751 HAIGHT ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,667.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031444532 MORTGAGORS: DEVRIES CLARENCE
DEVRIES JOYCE
REGION CODE ADDRESS : 13081 LAURINDA WAY
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,794.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.71900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,350.00
P & I AMT: 10,291.23
UPB AMT: 1,495,997.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031444599 MORTGAGORS: STAPLETON LAURIE
REGION CODE ADDRESS : 10395 MORETTI DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0031444607 MORTGAGORS: ALVARADO RICHARD
ALVARADO MARIA
REGION CODE ADDRESS : 5151 MERANO COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 245,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,367.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.99400
----------------------------------------------------------------
0 0031445281 MORTGAGORS: PERRY HARRY
PERRY PATRICIA
REGION CODE ADDRESS : 37 LA CRESTA ROAD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,798.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.73600
----------------------------------------------------------------
0 0031445422 MORTGAGORS: KELLY MARY
BARRIE RAY
REGION CODE ADDRESS : 1932 ROSCOMARE ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,754.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.72300
----------------------------------------------------------------
0 0031447477 MORTGAGORS: BROWN MARK
BROWN SUSAN
REGION CODE ADDRESS : 9216 TWEEDY LANE
01 CITY : DOWNEY
STATE/ZIP : CA 90240
MORTGAGE AMOUNT : 229,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,184.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.94400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,322,900.00
P & I AMT: 9,175.08
UPB AMT: 1,321,901.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031447568 MORTGAGORS: MARCOTTE THOMAS
MARCOTTE MILEE
REGION CODE ADDRESS : 18405 MANSEL AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.65600
----------------------------------------------------------------
0 0031447659 MORTGAGORS: GALPERSON HOWARD
REGION CODE ADDRESS : 1551 BEL AIRE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91201
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031447717 MORTGAGORS: TAYLOR MARTIN
TAYLOR PAMELA
REGION CODE ADDRESS : 43 CHICKADEE LANE
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031448111 MORTGAGORS: O'DONNELL JAMES
O'DONNELL WENDY
REGION CODE ADDRESS : 6432 SHIELDS AVENUE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031449242 MORTGAGORS: MCCAY CHARLES
MCCAY LOUISE
REGION CODE ADDRESS : 10635 BOULDER CANYON ROAD
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.30800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,350,500.00
P & I AMT: 9,349.70
UPB AMT: 1,350,131.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031450307 MORTGAGORS: FARID SAMY
FARID WAFAA
REGION CODE ADDRESS : 6 NORTHSTAR STREET #207
01 CITY : MARINA DEL REY AREA
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,807.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.40900
----------------------------------------------------------------
0 0031452477 MORTGAGORS: COLLINS TREVOR
HUTCHISON FRANCES
REGION CODE ADDRESS : 1901 BROADWAY
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.49100
----------------------------------------------------------------
0 0031452634 MORTGAGORS: GUTIERREZ J
GUTIERREZ ARACELLI
REGION CODE ADDRESS : 511 EVERGREEN LANE
01 CITY : PORT HUENEME
STATE/ZIP : CA 93041
MORTGAGE AMOUNT : 127,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,095.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 846.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031452717 MORTGAGORS: SANDRI DANIEL
SANDRI KAREN
REGION CODE ADDRESS : 3818 ALHAMBRA WAY
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,866.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,215.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031452956 MORTGAGORS: TEKESTE YEMANE
BERHANE ELIZABETH
REGION CODE ADDRESS : 2244 FREYA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 152,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 151,887.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,062.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,214,200.00
P & I AMT: 8,346.51
UPB AMT: 1,213,266.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031455462 MORTGAGORS: KERNOHAN RALPH
KERNOHAN MELINDA
REGION CODE ADDRESS : 6131 FOXSHIELD DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,199.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031455629 MORTGAGORS: MECKFESSEL ROBERT
REGION CODE ADDRESS : 11549 STATE ROUTE 1
01 CITY : POINT REYES STATION
STATE/ZIP : CA 94956
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
0 0031457070 MORTGAGORS: WEINTRAUB MICHAEL
WEINTRAUB PAULA
REGION CODE ADDRESS : 2372 HAGEN OAKS DRIVE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,650.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,056.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.44260
----------------------------------------------------------------
0 0031457104 MORTGAGORS: HARPER LARRY
REGION CODE ADDRESS : 3287 PALATINO WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.78780
----------------------------------------------------------------
0 0031457161 MORTGAGORS: LEWIS RAY
POTIRIADES MARTHA
REGION CODE ADDRESS : 7718 OAK BAY CIRCLE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,738.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.44440
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,400.00
P & I AMT: 11,375.37
UPB AMT: 1,630,181.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031462385 MORTGAGORS: JONES STEVEN
JONES JULIE
REGION CODE ADDRESS : 16324 SUN SUMMIT DRIVE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92503
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.66100
----------------------------------------------------------------
0 0031462450 MORTGAGORS: FREEDMAN CHARLES
FREEDMAN MARY
REGION CODE ADDRESS : 7541 WEST 91ST STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.75000
----------------------------------------------------------------
0 0031462476 MORTGAGORS: BONERT MICHAEL
BONERT VIVIEN
REGION CODE ADDRESS : 273 SOUTH CANON DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90212
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,762.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.12300
----------------------------------------------------------------
0 0031462500 MORTGAGORS: BANCROFT ROBERT
BANCROFT ELLEN
REGION CODE ADDRESS : 28562 MILLPOND
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.33300
----------------------------------------------------------------
0 0031462575 MORTGAGORS: WILLIAMS JOHN
WILLIAMS LAURA
REGION CODE ADDRESS : 16176 AVENIDA SAN MIGUEL
01 CITY : CITY OF LA MIRADA
STATE/ZIP : CA 90638
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,379,200.00
P & I AMT: 9,728.40
UPB AMT: 1,378,749.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031464100 MORTGAGORS: CHOU JESSE
CHOU SARINA
REGION CODE ADDRESS : 42026 VIA SAN GABRIEL
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.73760
----------------------------------------------------------------
0 0031465503 MORTGAGORS: ALMERICO JOHN
ALMERICO ALICA
REGION CODE ADDRESS : 2268 DANCING PENNY WAY
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 202,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 201,853.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,429.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031465586 MORTGAGORS: SCANLON ROBERT
SCANLON DIANA
REGION CODE ADDRESS : 9574 QUAIL CANYON RD
01 CITY : EL CAJON
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,710.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031465636 MORTGAGORS: HITCHCOCK ROGER
HITCHCOCK SHERRY
REGION CODE ADDRESS : 1614 GRAFF AVENUE
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94578
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.15800
----------------------------------------------------------------
0 0031465685 MORTGAGORS: NEWLIN JOHN
REGION CODE ADDRESS : 1219-1221 ARGUELLO BOULEVARD
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,743.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.30434
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,531,000.00
P & I AMT: 10,752.46
UPB AMT: 1,529,873.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031465743 MORTGAGORS: VASS DAVID
HARDS VASS HEIDI
REGION CODE ADDRESS : 144 OUTLOOK CIRCLE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031465917 MORTGAGORS: HOLLANDER J.
DREIMAN CHARLOTTE
REGION CODE ADDRESS : 12273 SAN VICENTE BOULEVARD
01 CITY : LOS ANGLES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 474,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,398.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.93500
----------------------------------------------------------------
0 0031466006 MORTGAGORS: MEJIA ANTHONY
MEJIA CHERYL
REGION CODE ADDRESS : 1216 WINDSOR WAY
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 247,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.72200
----------------------------------------------------------------
0 0031466063 MORTGAGORS: BELITZ STANLEY
BELITZ MARGARET
REGION CODE ADDRESS : 21631 BAHAMA LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031466840 MORTGAGORS: HUEFFED KAREN
REGION CODE ADDRESS : 18926 MADISON AVENUE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 158,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,885.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,118.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.07310
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,300.00
P & I AMT: 9,864.42
UPB AMT: 1,393,998.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031466865 MORTGAGORS: BAUCKE PHILLIP
BAUCKE MONICA
REGION CODE ADDRESS : 40117 LAIOLO ROAD
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 172,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,122.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,204.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.59000
----------------------------------------------------------------
0 0031467160 MORTGAGORS: RICHARDS ELIZABETH
BRASHERS PER
REGION CODE ADDRESS : 2582 EL CAMINITO
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,756.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031467186 MORTGAGORS: GRODIN MICHAEL
GRODIN MONICA
REGION CODE ADDRESS : 1066 MITCHELL COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.96290
----------------------------------------------------------------
0 0031467194 MORTGAGORS: WEST DOUGLAS
WEST SHELLEY
REGION CODE ADDRESS : 16121 BALLANTINE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,808.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.69500
----------------------------------------------------------------
0 0031467202 MORTGAGORS: SIMPSON THOMAS
SIMPSON REBECCA
REGION CODE ADDRESS : 732 FAIRFIELD ROAD
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,742.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 49.35480
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,250.00
P & I AMT: 8,789.55
UPB AMT: 1,298,218.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031469414 MORTGAGORS: CHATFIELD GEORGE
CHATFIELD TERI
REGION CODE ADDRESS : 315 GARCIA AVENUE
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.36800
----------------------------------------------------------------
0 0031469455 MORTGAGORS: LARSEN THOMAS
LARSEN REBECCA
REGION CODE ADDRESS : 31 PARKWAY COURT
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,737.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.17600
----------------------------------------------------------------
0 0031469471 MORTGAGORS: GORDON EDWIN
GORDON JOSEPHINE
REGION CODE ADDRESS : 10 POCO PASO
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.71400
----------------------------------------------------------------
0 0031469919 MORTGAGORS: GERVANG JAMES
GERVANG CARA
REGION CODE ADDRESS : 2329 HOWARD AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,243.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.17500
----------------------------------------------------------------
0 0031469968 MORTGAGORS: KEANINI TIMOTHY
KEANINI THERESA
REGION CODE ADDRESS : 706 DEL GANADO ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,500.00
P & I AMT: 10,907.90
UPB AMT: 1,589,781.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031470016 MORTGAGORS: STITT TIMOTHY
STITT MOLLIE
REGION CODE ADDRESS : 3008 STAPLES RANCH DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031470040 MORTGAGORS: ENGLE WALTER
ENGLE JANICE
REGION CODE ADDRESS : 265 TRAVIS DRIVE
01 CITY : LOS OSOS
STATE/ZIP : CA 93402
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.70500
----------------------------------------------------------------
0 0031472400 MORTGAGORS: NEAD JEFFREY
NEAD TINA
REGION CODE ADDRESS : 243 LOS PALOS STREET
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 279,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.51300
----------------------------------------------------------------
0 0031474018 MORTGAGORS: CLARE DANIEL
FLANIGAN TERESA
REGION CODE ADDRESS : 10732 TABOR STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,862.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,200.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031474919 MORTGAGORS: MORRISON RONALD
MORRISON JULIE
REGION CODE ADDRESS : 1368 CORTE BONITA
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.76344
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,278,600.00
P & I AMT: 8,771.26
UPB AMT: 1,278,079.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031475528 MORTGAGORS: BERNHARDT ROBERT
BERNHARDT DEBRA
REGION CODE ADDRESS : 149 SAMARIA LANE
01 CITY : OAKLAND
STATE/ZIP : CA 94619
MORTGAGE AMOUNT : 172,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,371.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,206.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.70200
----------------------------------------------------------------
0 0031475726 MORTGAGORS: PROTO MARK
PROTO LESLIE
REGION CODE ADDRESS : 1943 DOGWOOD DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,881.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,077.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 91.76470
----------------------------------------------------------------
0 0031476112 MORTGAGORS: TSUKAHARA JOHN
TSUKAHARA JESSICA
REGION CODE ADDRESS : 14 HEATHER WAY
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,714.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,795.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.52830
----------------------------------------------------------------
0 0031476153 MORTGAGORS: COSTA STEVEN
COSTA KIMBERLY
REGION CODE ADDRESS : 2229 MARBELLA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,777.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
0 0031477037 MORTGAGORS: PINGARO DONALD
PINGARO GAYLE
REGION CODE ADDRESS : 19596 OAKDALE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.87400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,500.00
P & I AMT: 9,055.15
UPB AMT: 1,290,744.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031477078 MORTGAGORS: MCNABB PETER
MCNABB SANDRA
REGION CODE ADDRESS : 9212 SMOKETREE LANE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 441,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,087.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031477896 MORTGAGORS: CONRAD WILLIAM
SUGAR CONRAD JUNE
REGION CODE ADDRESS : 947 ALAMEDA DE LAS PULGAS
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
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 : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031477920 MORTGAGORS: VERDONE PAUL
VERDONE LINDA
REGION CODE ADDRESS : 1286 HILL ROAD
01 CITY : GLEN ELLEN
STATE/ZIP : CA 95442
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,821.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.12460
----------------------------------------------------------------
0 0031477946 MORTGAGORS: CORREA NEIL
CORREA DARYL
REGION CODE ADDRESS : 2432 DIANE MARIE WAY
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,271.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031477961 MORTGAGORS: KAZMAN NISAN
KAZMAN NELLY
REGION CODE ADDRESS : 2201 SHERWOOD PLACE
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,513.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,050.00
P & I AMT: 10,682.14
UPB AMT: 1,558,171.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031478662 MORTGAGORS: WELLS SHARONNE
REGION CODE ADDRESS : 2046 WEST 98TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90047
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,894.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 889.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031480346 MORTGAGORS: CHAMBERS DAVID
HOPEMAN-CHAMBERS JEAN
REGION CODE ADDRESS : 19800 SEVENTH STREET EAST
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,612.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,267.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.62500
----------------------------------------------------------------
0 0031480379 MORTGAGORS: LAWSON GORDON
LAWSON SHARON
REGION CODE ADDRESS : 782 EMERSON STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,743.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.80000
----------------------------------------------------------------
0 0031480437 MORTGAGORS: AGUINALDO FRANTE
AGUINALDO EVELYN
REGION CODE ADDRESS : 3028 BRADSHAW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 203,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,348.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,422.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.87500
----------------------------------------------------------------
0 0031480478 MORTGAGORS: FICKETT ROBERT
FICKETT ELIZABETH
REGION CODE ADDRESS : 1049 EUGENE COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,380.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.62900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,500.00
P & I AMT: 10,466.13
UPB AMT: 1,522,599.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 04/01/98
P.O. BOX 5260 TMS AG000498083B 01 03
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031487325 MORTGAGORS: NARAGHI HOSSEIN
NARAGHI JILA
REGION CODE ADDRESS : 4507 FELLOWS STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 242,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,328.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.98412
----------------------------------------------------------------
0 0031487366 MORTGAGORS: NIERMAN ROGER
NIERMAN PATRICIA
REGION CODE ADDRESS : 13751 YELLOWSTONE DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,751.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.50000
----------------------------------------------------------------
0 0031487382 MORTGAGORS: MEHLING MARGARET
REGION CODE ADDRESS : 21699 LOMITA AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031495054 MORTGAGORS: BRUNSTEIN DAVID
BRUNSTEIN TERRY
REGION CODE ADDRESS : 1516 CRESTWOOD DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,368.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.36508
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 4
LOAN AMT: 1,331,250.00
P & I AMT: 9,076.52
UPB AMT: 1,330,830.78
0 TOTAL NUM OF LOANS: 549
LOAN AMT: 175,621,955.00
P & I AMT: 1,222,308.79
UPB AMT: 175,390,683.32
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
_______________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-8
Pursuant to the Pooling and Servicing Agreement dated
as of April 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:
Pool 1 Pool 2
--------- --------
(1) Aggregate Scheduled Monthly
Payments:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(2) Aggregate Monthly Payments
received and Monthly
Advances made this Month:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(3) Aggregate Principal Prepayments
in part received and applied
in the applicable Prepayment
Period:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
D-1
<PAGE>
Pool 1 Pool 2
--------- --------
(4) Aggregate Principal Prepayments
in full received in
the applicable Prepayment
Period:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(5) Aggregate Insurance Proceeds
(including purchases of
Mortgage Loans by primary
mortgage insurers) for
prior month:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(6) Aggregate Liquidation
Proceeds for prior month:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(7) Aggregate Purchase Prices for
Defaulted and Modified
Mortgage Loans:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(8) Aggregate Purchase Prices
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(9) Pool Scheduled Principal
Balance: $________ $________
(10) Available Funds: $________ $________
(11) Realized Losses for
prior month: $________ $________
D-2
<PAGE>
Pool 1 Pool 2
--------- --------
(12) Aggregate Realized
Losses and Debt
Service Reductions:
(a) Deficient Valuations $________ $________
(b) Special Hazard
Losses $________ $________
(c) Fraud Losses $________ $________
(d) Excess Bankruptcy
Losses $________ $________
(e) Excess Special
Hazard Losses $________ $________
(f) Excess Fraud
Losses $________ $________
(g) Debt Service
Reductions $________ $________
(13) Compensating Interest Payment: $________ $________
(14) Accrued Certificate Interest,
Unpaid Class Interest Shortfalls
and Pay-out Rate:
Class 1-A1 $__________ $__________ ____%
Class 1-A2 $__________ $__________ ____%
Class 1-A3 $__________ $__________ ____%
Class 1-A4 $__________ $__________ ____%
Class 1-A5 $__________ $__________ ____%
Class 1-M $__________ $__________ ____%
Class 1-B1 $__________ $__________ ____%
Class 1-B2 $__________ $__________ ____%
Class 1-B3 $__________ $__________ ____%
Class 1-B4 $__________ $__________ ____%
Class 1-B5 $__________ $__________ ____%
Class 1-R $__________ $__________ ____%
Class 2-A1 $__________ $__________ ____%
Class 2-A2 $__________ $__________ ____%
Class 2-A3 $__________ $__________ ____%
Class 2-A4 $__________ $__________ ____%
Class 2-A5 $__________ $__________ ____%
Class 2-A6 $__________ $__________ ____%
Class 2-A7 $__________ $__________ ____%
Class 2-A8 $__________ $__________ ____%
Class 2-A9 $__________ $__________ ____%
Class 2-A10 $__________ $__________ ____%
Class 2-A11 $__________ $__________ ____%
Class 2-A12 $__________ $__________ ____%
Class 2-A13 $__________ $__________ ____%
Class 2-A14 $__________ $__________ ____%
Class 2-M $__________ $__________ ____%
Class 2-B1 $__________ $__________ ____%
Class 2-B2 $__________ $__________ ____%
D-3
<PAGE>
Class 2-B3 $__________ $__________ ____%
Class 2-B4 $__________ $__________ ____%
Class 2-B5 $__________ $__________ ____%
Class 2-R $__________ $__________ ____%
(15) Principal distributable:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class 1-R $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-A9 $__________
Class 2-A10 $__________
Class 2-A11 $__________
Class 2-A12 $__________
Class 2-A13 $__________
Class 2-A14 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class 2-R $__________
(16) Additional distributions to
the Residual Certificates
pursuant to Section 4.01(c):
Class 1-R $_____________
Class 2-R $_____________
D-4
<PAGE>
(17) Distributions Allocable to
Unanticipated Recoveries:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class 1-R $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-A9 $__________
Class 2-A10 $__________
Class 2-A11 $__________
Class 2-A12 $__________
Class 2-A13 $__________
Class 2-A14 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class 2-R $__________
B. Other Amounts:
1. Senior Percentage for such
Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
2. Pool 1 Group II Senior Percentage
for such Distribution Date: _____________%
3. Pool 2 Group II Senior Percentage
for such Distribution Date: _____________%
D-5
<PAGE>
4. Pool 1 Group II Senior
Distribution Percentage for
such Distribution Date: _____________%
5. Pool 2 Group II Senior
Distribution Percentage for
such Distribution Date: _____________%
6. Senior Prepayment Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
7. Pool 1 Category A Percentage _____________%
8. Pool 1 Category B Percentage _____________%
9. Junior Percentage for such
Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
10. Junior Prepayment Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
11. Subordinate Certificate
Writedown Amount for such
Distribution Date:
Pool 1 $_____________
Pool 2 $_____________
12. Prepayment Distribution
Triggers satisfied: Yes No
------------------- ----- -----
Class 1-B1 _____ _____
Class 1-B2 _____ _____
Class 1-B3 _____ _____
Class 1-B4 _____ _____
Class 1-B5 _____ _____
Class 2-B1 _____ _____
Class 2-B2 _____ _____
Class 2-B3 _____ _____
Class 2-B4 _____ _____
Class 2-B5 _____ _____
13. Base Servicing Fee:
Pool 1 $_____________
Pool 2 $_____________
D-6
<PAGE>
14. Supplemental Servicing Fee:
Pool 1 $_____________
Pool 2 $_____________
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
D-7
<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 April 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
related 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
<PAGE>
subject the Trustee or the Company to any obligation in addition
to those undertaken in the Agreement (provided, however, that the
Trustee will not require such certificate or opinion in the event
that, as a result of change of law or otherwise, counsel
satisfactory to the Trustee has rendered an opinion to the effect
that the purchase and holding of any such Certificate by a Plan
or a Person that is purchasing or holding any such Certificate
with the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ______________________________________________ as
nominee for the Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
_____________________________
[name of Investor]
By:__________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the ERISA-Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
_______________________________
[name of nominee]
By:____________________________
Name:
Title:
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 1-R or Class 2-R Certificate" of GE Capital Mortgage
Services, Inc.'s REMIC Multi-Class Pass-Through Certificates,
Series 1998-8.
4. That the Purchaser is not, and on __________
[insert date of transfer of Residual Certificate to Purchaser]
will not be, and is not and on such date will not be investing
<PAGE>
the assets of, an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or
a plan subject to Code Section 4975 or a person or entity that is
using the assets of any employee benefit plan or other plan to
acquire a Residual Certificate.
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between State Street Bank and Trust Company, as
Trustee, and GE Capital Mortgage Services, Inc. dated as of April
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)
F-2
<PAGE>
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of
the Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
related 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 1998-8
Ladies and Gentlemen:
_______________________ (the "Transferor") has
reviewed the attached affidavit of _____________________________
(the "Transferee"), and has no actual knowledge that such
affidavit is not true and has no reason to believe that the
information contained in paragraph 7 thereof is not true, and has
no reason to believe that the Transferee has the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to a
Residual Certificate. In addition, the Transferor has conducted a
reasonable investigation at the time of the transfer and found
that the Transferee had historically paid its debts as they came
due and found no significant evidence to indicate that the
Transferee will not continue to pay its debts as they become due.
Very truly yours,
_______________________________
Name:
Title:
<PAGE>
EXHIBIT H
ADDITIONAL SERVICER COMPENSATION
QUALIFIED ADMINISTRATIVE EXPENSES
(Conventional, Non-Conforming Loans)
Assumption Fees $550 - $800
Late Charges Per Loan Documents
Appraisal/Inspection Fees Reasonable and Customary
Charges
Partial Release Fees $300
Easements $150
Insufficient Funds Charges $15
Document Requests
(copies of loan file documents,
additional pay-off quotations,
amortization schedules, payment
histories) $0
Modification Fees Reasonable and Customary
Charges
<PAGE>
EXHIBIT I
FORM OF INVESTMENT LETTER FOR
DEFINITIVE RESTRICTED CERTIFICATES
________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass Through
Certificates, Series 1998-8
Ladies and Gentlemen:
1. The undersigned, a [title of officer] _______________ of
[name of Investor] _________________________________________ (the
"Investor"), a ____________________________ [description of type
of entity] duly organized and existing under the laws of the
[State of __________________] [United States], hereby certifies
as follows:
2. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement between State Street Bank and
Trust Company, as Trustee, and GE Capital Mortgage Services, Inc.
(the "Company"), dated as of April 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
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transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of _____________________________ as nominee for the
Investor.]
IN WITNESS WHEREOF, the Investor has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] _____________
this _____ day of __________, 19__.
_________________________________
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the Restricted Certificates at the exclusive direction
of and as nominee of the Investor named above.
_____________________________
[name of nominee]
By:__________________________
Name:
Title:
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<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
_______________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-8
Pursuant to the Pooling and Servicing Agreement dated
as of April , 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 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class 1-R $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-A9 $__________
<PAGE>
Class 2-A10 $__________
Class 2-A11 $__________
Class 2-A12 $__________
Class 2-A13 $__________
Class 2-A14 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class 2-R $__________
(2) Aggregate principal prepayments
included in distribution:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class 1-R $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-A9 $__________
Class 2-A10 $__________
Class 2-A11 $__________
Class 2-A12 $__________
Class 2-A13 $__________
Class 2-A14 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
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<PAGE>
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class 2-R $__________
(3) Amount of distribution
allocable to interest;
Pay-out Rate:
Class 1-A1 $__________ ____%
Class 1-A2 $__________ ____%
Class 1-A3 $__________ ____%
Class 1-A4 $__________ ____%
Class 1-A5 $__________ ____%
Class 1-M $__________ ____%
Class 1-B1 $__________ ____%
Class 1-B2 $__________ ____%
Class 1-B3 $__________ ____%
Class 1-B4 $__________ ____%
Class 1-B5 $__________ ____%
Class 1-R $__________ ____%
Class 2-A1 $__________ ____%
Class 2-A2 $__________ ____%
Class 2-A3 $__________ ____%
Class 2-A4 $__________ ____%
Class 2-A5 $__________ ____%
Class 2-A6 $__________ ____%
Class 2-A7 $__________ ____%
Class 2-A8 $__________ ____%
Class 2-A9 $__________ ____%
Class 2-A10 $__________ ____%
Class 2-A11 $__________ ____%
Class 2-A12 $__________ ____%
Class 2-A13 $__________ ____%
Class 2-A14 $__________ ____%
Class 2-M $__________ ____%
Class 2-B1 $__________ ____%
Class 2-B2 $__________ ____%
Class 2-B3 $__________ ____%
Class 2-B4 $__________ ____%
Class 2-B5 $__________ ____%
Class 2-R $__________ ____%
(4) Amount of distribution
allocable to Unanticipated
Recoveries:
Class 1-A1
Class 1-A2 $__________ ____%
Class 1-A3 $__________ ____%
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<PAGE>
Class 1-A4 $__________ ____%
Class 1-A5 $__________ ____%
Class 1-M $__________ ____%
Class 1-B1 $__________ ____%
Class 1-B2 $__________ ____%
Class 1-B3 $__________ ____%
Class 1-B4 $__________ ____%
Class 1-B5 $__________ ____%
Class 1-R $__________ ____%
Class 2-A1 $__________ ____%
Class 2-A2 $__________ ____%
Class 2-A3 $__________ ____%
Class 2-A4 $__________ ____%
Class 2-A5 $__________ ____%
Class 2-A6 $__________ ____%
Class 2-A7 $__________ ____%
Class 2-A8 $__________ ____%
Class 2-A9 $__________ ____%
Class 2-A10 $__________ ____%
Class 2-A11 $__________ ____%
Class 2-A12 $__________ ____%
Class 2-A13 $__________ ____%
Class 2-A14 $__________ ____%
Class 2-M $__________ ____%
Class 2-B1 $__________ ____%
Class 2-B2 $__________ ____%
Class 2-B3 $__________ ____%
Class 2-B4 $__________ ____%
Class 2-B5 $__________ ____%
Class 2-R $__________ ____%
(5) Servicing Compensation:
Pool 1 $__________
Pool 2 $__________
The amounts below are for the aggregate of all
Certificates:
(6) Pool Scheduled Principal
Balance; number of
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(7) Class Certificate Principal
Balance of each Class;
Certificate Principal Balance
of Single Certificate of each
Class:
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<PAGE>
Single
Certificate
Class Balance Balance
----- ------- -------
Class 1-A1 $__________ $__________
Class 1-A2 $__________ $__________
Class 1-A3 $__________ $__________
Class 1-A4 $__________ $__________
Class 1-A5 $__________ $__________
Class 1-PO $__________ $__________
Class 1-M $__________ $__________
Class 1-B1 $__________ $__________
Class 1-B2 $__________ $__________
Class 1-B3 $__________ $__________
Class 1-B4 $__________ $__________
Class 1-B5 $__________ $__________
Class 1-R $__________ $__________
Class 2-A1 $__________ $__________
Class 2-A2 $__________ $__________
Class 2-A3 $__________ $__________
Class 2-A4 $__________ $__________
Class 2-A5 $__________ $__________
Class 2-A6 $__________ $__________
Class 2-A7 $__________ $__________
Class 2-A8 $__________ $__________
Class 2-A9 $__________ $__________
Class 2-A10 $__________ $__________
Class 2-A11 $__________ $__________
Class 2-A12 $__________ $__________
Class 2-A13 $__________ $__________
Class 2-A14 $__________ $__________
Class 2-PO $__________ $__________
Class 2-M $__________ $__________
Class 2-B1 $__________ $__________
Class 2-B2 $__________ $__________
Class 2-B3 $__________ $__________
Class 2-B4 $__________ $__________
Class 2-B5 $__________ $__________
Class 2-R $__________ $__________
(8) Book value of real
estate acquired on
behalf of Certificate-
holders; number of
related Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(9) Aggregate Scheduled Principal
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<PAGE>
Balance and number of
delinquent Mortgage Loans:
Pool 1:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
Pool 2:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(11) Aggregate Scheduled
Principal Balance and
number of modified
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(12) Certificate Interest Rate of:
Class 1-A3 Certificates __________%
Class 1-A4 Certificates __________%
Class 2-A6 Certificates __________%
Class 2-A7 Certificates __________%
(13) Senior Percentage for such
Distribution Date:
Pool 1 __________%
Pool 2 __________%
(14) Pool 1 Group II Senior Percentage
for such Distribution Date: __________%
(15) Pool 2 Group II Senior Percentage
for such Distribution Date: __________%
(16) Pool 1 Group II Senior
Distribution Percentage for
such Distribution Date: ___________%
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<PAGE>
(17) Pool 2 Group II Senior
Distribution Percentage for
such Distribution Date: ___________%
(18) Senior Prepayment Percentage
for such Distribution Date:
Pool 1 __________%
Pool 2 __________%
(19) Junior Percentage for
such Distribution Date:
Pool 1 __________%
Pool 2 __________%
(20) Junior Prepayment Percentage
for such Distribution Date:
Pool 1 __________%
Pool 2 __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
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<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class __-B_ (the "Class __-B_
Certificates"). The Class __-B_ Certificates were issued pursuant
to a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof
intends to resell all of the Class __-B_ Certificates directly to
the Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have
agreed that the Company, as Servicer, will engage in certain
special servicing procedures relating to foreclosures for the
benefit of the Purchaser, and that the Purchaser will deposit
funds in a collateral fund to cover any losses attributable to
such procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class __-B5 (the "Class __-B5 Certificates") has
been reduced to zero, and any Special Servicing and Collateral
Fund Agreement in respect of such Class between the Company and
the Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class __-B_ Certificates.
<PAGE>
ARTICLE I
DEFINITIONS
Section 1.01. Defined Terms. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Business Day: Any day other than (i) a Saturday or a Sunday
of (ii) a day on which banking institutions in New York City or
Boston, Massachusetts are required or authorized by law or
executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
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<PAGE>
either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as to
which the Purchaser has made an Election to Delay Foreclosure, an
appraisal of the related Mortgaged Property obtained by the
Purchaser as nearly contemporaneously as practicable to the time
of the Purchaser's election, prepared based on the Company's
customary requirements for such appraisals.
Election to Delay Foreclosure: Any election by the
Purchaser to delay the Commencement of Foreclosure, made in
accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Mortgage Loan: Any Pool __ Mortgage Loan.
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section
2.03(d).
Trust Fund: The Pool ___ Trust Fund.
Section 1.02. Definitions Incorporated by Reference. All
capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing
Agreement.
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<PAGE>
ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each Distribution
Date (or included in or with the monthly statements to
Certificateholders pursuant to the Pooling and Servicing
Agreement), the Company, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund the number of Mortgage Loans that are
(A) thirty days, (B) sixty days, (C) ninety days or more
delinquent or (D) in foreclosure, and indicating for each
such Mortgage Loan the loan number and outstanding
principal balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall
provide the Purchaser with a notice (sent by facsimile
transmission) of such proposed and imminent foreclosure,
stating the loan number and the aggregate amount owing
under the Mortgage Loan. Such notice may be provided to the
Purchaser in the form of a copy of a referral letter from
the Company to an attorney requesting the institution of
foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has
been approved by the Company.
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
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<PAGE>
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company
that in the event that the Company does not receive written
notice of the Purchaser's election pursuant to subsection (b)
below within 24 hours (exclusive of any intervening non-Business
Days) of transmission of the notice provided by the Company under
Section 2.01(a)(ii) subject to extension as set forth in Section
2.02(b), the Company may proceed with the Commencement of
Foreclosure in respect of such Mortgage Loan in accordance with
its normal foreclosure policies without further notice to the
Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage
Loan has been brought current or if a refinancing or prepayment
occurs with respect to the Mortgage Loan (including by means of a
short payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
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<PAGE>
deed-in-lieu of foreclosure or short payoff, the Purchaser will
be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to
Delay Foreclosure, the Purchaser shall remit by wire transfer to
the Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan at the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
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<PAGE>
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) shall be released to
the Purchaser.
(f) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
shall continue to service the Mortgage Loan in accordance with
its customary procedures (other than the delay in Commencement of
Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, in any event, if
the Mortgage Loan is not brought current by the mortgagor by the
time the loan becomes 6 months delinquent, the Purchaser's
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Delay Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
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<PAGE>
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03. Purchaser's Election to Commence Foreclosure
Proceedings.
(a) In connection with any Mortgage Loan identified in a
report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m.,
New York City time, on the third Business Day following the
delivery of such report under Section 2.01(a)(i).
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the
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<PAGE>
Company believes there is a breach of representations or
warranties by the Company, which may result in a repurchase or
substitution of such Mortgage Loan, or (iii) the Company has or
expects to have the right under the Pooling and Servicing
Agreement to purchase the defaulted Mortgage Loan and intends to
exercise such right or (iv) the Company reasonably believes the
Mortgaged Property may be contaminated with or affected by
hazardous wastes or hazardous substances (and the Company
supplies the Purchaser with information supporting such belief)
or (v) the same is prohibited by or is otherwise inconsistent
with the provisions of the Pooling and Servicing Agreement. Any
foreclosure that has been initiated may be discontinued (i)
without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with
respect to the Mortgage Loan (including by means of a short
payoff approved by the Purchaser) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement unless instructed otherwise by the Purchaser within two
Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application as additional Liquidation Proceeds pursuant
to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) above and after reimbursement to the Servicer for
all related Monthly Advances) in respect of such Mortgage Loan
shall be released to the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the
Trust Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class B_ Certificates has been reduced
to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the Company's actual
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loss experience with respect to the Mortgage Loans) of the
aggregate principal balance of all Mortgage Loans that are in
foreclosure or are more than 90 days delinquent on a contractual
basis and the aggregate book value of REO properties or (y) the
aggregate amount that the Company estimates through its normal
servicing practices will be required to be withdrawn from the
Collateral Fund with respect to Mortgage Loans as to which the
Purchaser has made an Election to Delay Foreclosure or an
Election to Foreclose exceeds (z) the then-current Class
Certificate Principal Balance of the Class __-B_ Certificates, or
(iii) upon any transfer by the Purchaser of any interest (other
than the minority interest therein, but only if the transferee
provides written acknowledgment to the Company of the Purchaser's
right hereunder and that such transferee will have no rights
hereunder) in the Class __-B_ Certificates [or in the Class __-B5
Certificates] (whether or not such transfer is registered under
the Pooling and Servicing Agreement), including any such transfer
in connection with a termination of the Trust Fund. Unless
earlier terminated as set forth herein, this Agreement and the
respective rights, obligations and responsibilities of the
Purchaser and the Company hereunder shall terminate immediately
upon (x) the later to occur of (i) the final liquidation of the
last Mortgage Loan as to which the Purchaser made any Election to
Delay Foreclosure or any Election to Foreclose and the withdrawal
of all remaining amounts in the Collateral Fund as provided
herein and (ii) ten (10) Business Days' notice or (y) the
occurrence of any event that results in the Purchaser becoming an
"affiliate" of the Trustee within the meaning of the Prohibited
Transaction Exemption (as defined in the Pooling and Servicing
Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall promptly
notify the Trustee and the Company if such Purchaser becomes
aware of any discussions, plans or events that might lead to such
Person's becoming an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of the Trustee, provided that
the contents of any such notification shall be kept confidential
by the parties to this Agreement.
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<PAGE>
ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 199_-__ Pool __ Collateral Fund, for the benefit of
GE Capital Mortgage Services, Inc. and State Street Bank and
Trust Company on behalf of Pool __ Certificateholders, as secured
parties" (the "Collateral Fund"). Amounts held in the Collateral
Fund shall continue to be the property of the Purchaser, subject
to the first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the liquidation
of all Mortgage Loans as to which the Purchaser has made any
Election to Delay Foreclosure or any Election to Foreclose
pursuant to Section 2.04 hereof, the Company shall distribute to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as well as
any interest earned on deposits in the Collateral Fund (net of
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<PAGE>
any losses on such investments) and any payments of principal
made in respect of any Collateral Fund Permitted Investment shall
be deposited in the Collateral Fund upon receipt. All costs and
realized losses associated with the purchase and sale of
Collateral Fund Permitted Investments shall be borne by the
Purchaser and the amount of net realized losses shall be promptly
deposited by the Purchaser in the Collateral Fund. The Company
shall periodically (but not more frequently than monthly) direct
the Trustee to distribute to the Purchaser upon request an amount
of cash, to the extent cash is available therefor in the
Collateral Fund, equal to the amount by which the balance of the
Collateral Fund, after giving effect to all other distributions
to be made from the Collateral Fund on such date, exceeds the
Required Collateral Fund Balance. Any amounts so distributed
shall be released from the lien and security interest of this
Agreement.
Section 3.03. Grant of Security Interest. In order to
secure the obligations of the Purchaser hereunder to the Company
and the Trustee for the benefit of Certificateholders (other than
its obligations under Section 4.10), the Purchaser hereby grants
to the Company and to the Trustee for the benefit of the Pool __
Certificateholders a security interest in and lien on all of the
Purchaser's right, title and interest, whether now owned or
hereafter acquired, in and to: (1) the Collateral Fund, (2) all
amounts deposited in the Collateral Fund and Collateral Fund
Permitted Investments in which such amounts are invested (and the
distributions and proceeds of such investments) and (3) all cash
and non-cash proceeds of any of the foregoing, including proceeds
of the voluntary or involuntary conversion thereof (all of the
foregoing collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Pool __ Certificateholders. The
Purchaser shall take all actions requested by the Company or the
Trustee as may be reasonably necessary to perfect the security
interest created under this Agreement in the Collateral and cause
it to be prior to all other security interests and liens,
including the execution and delivery to the Company or at its
direction the Trustee for filing of appropriate financing
statements in accordance with applicable law.
Section 3.04. Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall
constitute a general corporate obligation of the Purchaser. The
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<PAGE>
failure to pay such amounts within two Business Days of such
demand (except for amounts to cover interest on a Mortgage Loan
pursuant to Sections 2.02(d) and 2.03(b)), shall cause an
immediate termination of the Purchaser's right to make any
Election to Delay Foreclosure or Election to Foreclose and the
Company's obligations under this Agreement with respect to all
Mortgage Loans to which such insufficiencies relate, without the
necessity of any further notice or demand on the part of the
Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
Section 4.02. Counterparts. This Agreement may be executed
simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 4.03. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04. Notices. All demands, notices and direction
hereunder shall be in writing or by telecopy and shall be deemed
effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
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<PAGE>
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
with respect to all other notices pursuant to this
Agreement,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in writing by
the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
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<PAGE>
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. Article and Section Headings. The article and
section headings herein are for convenience of reference only and
shall not limit or otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that
all information supplied by or on behalf of the Company pursuant
to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class __-B5 Certificates has been
reduced to zero and any Special Servicing and Collateral Fund
Agreement between the Company and the Purchaser relating to such
Class B5 Certificates has been terminated.]
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<PAGE>
IN WITNESS WHEREOF, the Company and the Purchaser have
caused their names to be signed hereto by their respective
officers thereunto duly authorized, all as of the day and year
first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
[PURCHASER]
By:_______________________________
Name:
Title:
Acknowledged and agreed to:
STATE STREET BANK AND TRUST COMPANY
By:______________________________
Name:
Title:
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<PAGE>
EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
I, _________________________________________, being
duly sworn, do hereby state under oath that:
1. I am a duly elected ______________________ of GE
Capital Mortgage Services, Inc. (the "Company") and am duly
authorized to make this affidavit.
2. This affidavit is being delivered in connection
with the transfer of the Mortgage Loan described in
Paragraph 3 hereof by the Company pursuant to the Pooling
and Servicing Agreement dated as of [date] between the
Company, Seller and Servicer, and State Street Bank and
Trust Company, Trustee, relating to the Company's REMIC
Multi-Class Pass-Through Certificates, Series [____]
("Agreement"). Such Mortgage Loan constitutes a Designated
Loan.
3. The Company is the payee under the following
described Mortgage Note ("Mortgage Note") which evidences
the obligation of the borrower(s) to repay the Mortgage
Loan:
Loan Number: __________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
________________________________________________
4. The Company is the lawful owner of the Mortgage
Note and has not cancelled, altered, assigned or hypothecated the
Mortgage Note.
5. A thorough and diligent search for the executed
original Mortgage Note was undertaken and was unsuccessful.
<PAGE>
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
8. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, the Company
hereby confirms and agrees that in the event the inability to
produce the executed original Mortgage Note results in a breach
of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the
lien created by the Mortgage Loan) or (x) (no valid offset,
defense or counterclaim to any Mortgage Note or Mortgage), the
Company shall repurchase the Mortgage Loan at the Purchase Price
and otherwise in accordance with Section 2.03(b) of the
Agreement. In addition, the Company covenants and agrees to
indemnify the Trustee and the related 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]
<PAGE>
EXHIBIT M
SCHEDULE OF DESIGNATED LOANS
[None]
<PAGE>
EXHIBIT N
SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS
[None]
