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) May 28, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of May 1, 1998,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1998-10)
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 May 28, 1998, GE Capital Mortgage Services, Inc. ("GECMSI")
offered to investors certain classes of its REMIC Multi-Class
Pass-Through Certificates, Series 1998-10 (the "Certificates"),
consisting of two groups of Certificates (the "Pool 1
Certificates" and the "Pool 2 Certificates"), each evidencing
beneficial ownership interests 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, fixed-rate, first-lien,
fully-amortizing, 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 May 26, 1998 as supplemented by the Prospectus
Supplement dated May 26, 1998.
The original principal balance of each Class of the Pool 1
Certificates is as follows:
Class 1-A1 $100,043,000.00
Class 1-A2 $35,000,000.00
Class 1-A3 $28,530,000.00
Class 1-A4 (1)
Class 1-A5 $192,900,000.00
Class 1-A6 $23,050,000.00
Class 1-A7 $13,148,000.00
Class 1-A8 $1,140,000.00
Class 1-A9 $8,528,000.00
Class 1-A10 $79,991,000.00
Class 1-R $100.00
Class 1-RL $100.00
Class 1-PO $634,122.96
Class 1-M $9,307,000.00
Class 1-B1 $4,025,000.00
Class 1-B2 $2,264,000.00
Class 1-B3 $2,012,000.00
Class 1-B4 $1,006,000.00
Class 1-B5 $1,510,285.33
---------------
Total: $503,088,608.29
- ---------------
(1) The Class 1-A4 Certificates are issued with an initial
Notional Principal Balance of $4,257,748.00.
The initial Pool 1 Junior Percentage and initial Pool 1 Senior
Percentage are approximately 4.00% and 96.00%, 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 Pool 1 Certificates are $175,525.00,
$5,030,886.00 and $5,336,058.00, respectively, representing
approximately .0300%, 1.0000%, and 1.0600%, respectively, of the
aggregate Scheduled Principal Balances of the Pool 1 Mortgage
Loans as of May 1, 1998 (the "Cut-off Date").
2
<PAGE>
POOL 2
The original principal balance of each Class of the Pool 2
Certificates is as follows:
Class 2-A1 $31,765,000.00
Class 2-A2 $29,935,000.00
Class 2-A3 $53,635,000.00
Class 2-A4 $800,000.00
Class 2-A5 $1,400,000.00
Class 2-A6 $20,150,000.00
Class 2-A7 $9,315,000.00
Class 2-R $100.00
Class 2-PO $471,919.68
Class 2-M $1,360,000.00
Class 2-B1 $755,000.00
Class 2-B2 $378,000.00
Class 2-B3 $604,000.00
Class 2-B4 $227,000.00
Class 2-B5 $302,822.51
---------------
Total: $151,098,842.19
The initial Pool 2 Junior Percentage and initial Pool 2 Senior
Percentage are approximately 2.40% and 97.60%, 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 Pool 2 Certificates are $100,000.00,
$1,510,988.00 and $2,012,259.00, respectively, representing
approximately .0700%, 1.0000%, and 1.3300%, respectively, of the
aggregate Scheduled Principal Balances of the Pool 2 Mortgage
Loans as of the Cut-off Date.
3
<PAGE>
Description of the Mortgage Pool and the Mortgaged Properties
Pool 1
Pool 1 consists primarily of fixed-rate, first-lien,
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
$503,088,608.29.
The interest rates (the "Mortgage Rates") borne by the 1,627 Pool
1 Mortgage Loans conveyed by GECMSI to the related trust fund
range from 6.3750% to 9.1250% and the weighted average Mortgage
Rate of the Pool 1 Mortage Loans as of the Cut-off Date is
7.4214% 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 $39,700.00 to $1,300,000.00, and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 1 Mortgage Loans is $309,212.42, after application of
principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Pool 1 Mortgage Loan is August 1995, and
the latest scheduled maturity date of any such Mortgage Loan is
May 2028. The weighted average loan-to-value ratio of the Pool 1
Mortgage Loans as of the Cut-off Date is 75.1372%.
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
- -------- ----- ------------ ---------
6.3750% 1 $245,044.03 0.0487%
6.5000% 4 $941,850.48 0.1872%
6.6250% 9 $1,840,441.22 0.3658%
6.7500% 16 $4,477,103.25 0.8899%
6.8750% 63 $19,358,798.33 3.8480%
7.0000% 101 $30,626,767.19 6.0877%
7.1250% 113 $35,181,396.31 6.9931%
7.2500% 245 $79,633,244.14 15.8289%
7.3750% 293 $88,443,740.48 17.5802%
7.5000% 317 $100,420,521.22 19.9607%
7.6250% 195 $60,625,901.49 12.0507%
7.6500% 3 $1,166,458.28 0.2319%
7.7000% 2 $544,824.66 0.1083%
7.7500% 125 $38,086,233.11 7.5705%
7.8750% 71 $20,359,945.95 4.0470%
7.9000% 1 $227,209.06 0.0452%
7.9500% 2 $491,578.78 0.0977%
8.0000% 31 $8,807,646.23 1.7507%
8.0500% 1 $548,523.96 0.1090%
8.1000% 2 $558,252.49 0.1110%
8.1250% 12 $4,376,437.88 0.8699%
8.2500% 9 $3,639,212.38 0.7234%
8.3750% 6 $1,545,697.97 0.3072%
8.5000% 2 $752,908.36 0.1497%
8.7500% 1 $86,400.26 0.0172%
9.0000% 1 $47,600.00 0.0095%
9.1250% 1 $54,870.78 0.0109%
----- --------------- ---------
Total 1,627 $503,088,608.29 100.0000%
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 - 227,150 164 $24,163,688.83 4.8031%
$227,151 - 250,000 222 $53,544,112.78 10.6431%
$250,001 - 300,000 564 $154,591,909.96 30.7285%
$300,001 - 350,000 276 $89,142,225.48 17.7190%
$350,001 - 400,000 175 $65,799,574.04 13.0791%
$400,001 - 450,000 88 $37,356,876.26 7.4255%
$450,001 - 600,000 94 $48,065,257.17 9.5540%
$600,001 - 650,000 36 $22,715,239.82 4.5152%
$650,001 - 1,000,000+ 8 $7,709,723.95 1.5325%
----- --------------- ---------
Total 1,627 $503,088,608.29 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 1
Mortgage Loan, as of the Cut-off Date, is $1,299,035.21.
The smallest outstanding Scheduled Principal Balance of any Pool
1 Mortgage Loan, as of the Cut-off Date, is $39,626.08.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
- ----------- ----- ------------ ---------
1995 1 $347,799.98 0.0691%
1997 53 $17,429,938.06 3.4646%
1998 1,573 $485,310,870.25 96.4663%
----- --------------- ---------
Total 1,627 $503,088,608.29 100.0000%
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 53 $16,068,332.93 3.1939%
50.001 - 60.00 93 $31,884,345.98 6.3377%
60.001 - 70.00 224 $72,647,643.47 14.4403%
70.001 - 75.00 273 $89,896,903.93 17.8690%
75.001 - 80.00 722 $221,809,920.36 44.0898%
80.001 - 85.00 33 $9,157,442.55 1.8202%
85.001 - 90.00 146 $40,907,140.05 8.1312%
90.001 - 95.00 83 $20,716,879.02 4.1179%
----- --------------- ---------
Total 1,627 $503,088,608.29 100.0000%
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 1,498 $468,563,781.97 93.1375%
Single-family
attached 57 $15,715,132.21 3.1237%
Condominium 54 $13,032,423.14 2.5905%
2 - 4 Family Units 15 $5,095,451.31 1.0128%
Co-op 3 $681,819.66 0.1355%
----- --------------- ---------
Total 1,627 $503,088,608.29 100.0000%
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 1,581 $490,374,250.06 97.4727%
Vacation 29 $9,336,057.94 1.8558%
Investment 17 $3,378,300.29 0.6715%
----- --------------- ---------
Total 1,627 $503,088,608.29 100.0000%
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 5 $1,520,034.90 0.3021%
Arizona 26 $7,304,801.18 1.4520%
Arkansas 1 $252,623.29 0.0502%
California 784 $250,184,354.13 49.7296%
Colorado 40 $11,631,934.88 2.3121%
Connecticut 20 $6,629,479.45 1.3178%
Delaware 2 $542,687.93 0.1079%
District Of Columbia 4 $1,285,751.06 0.2556%
Florida 30 $8,997,751.89 1.7885%
Georgia 38 $11,903,882.35 2.3662%
Hawaii 5 $1,503,759.88 0.2989%
Illinois 43 $13,541,712.24 2.6917%
Indiana 6 $1,804,522.40 0.3587%
Iowa 1 $236,000.00 0.0469%
Kentucky 4 $1,128,821.63 0.2244%
Louisiana 4 $1,236,793.72 0.2458%
Maine 1 $560,000.00 0.1113%
Maryland 62 $18,923,794.77 3.7615%
Massachusetts 67 $19,763,440.91 3.9284%
Michigan 35 $11,087,900.17 2.2040%
Minnesota 17 $6,251,612.37 1.2426%
Mississippi 1 $260,000.00 0.0517%
Missouri 3 $1,063,124.90 0.2113%
Montana 1 $325,258.44 0.0647%
Nevada 12 $3,337,389.41 0.6634%
New Jersey 82 $24,254,088.23 4.8210%
New Mexico 3 $579,613.57 0.1152%
New York 30 $9,758,057.51 1.9396%
North Carolina 10 $2,836,003.48 0.5637%
Ohio 12 $3,418,008.24 0.6794%
Oklahoma 2 $610,142.50 0.1213%
Oregon 12 $3,473,424.04 0.6904%
Pennsylvania 39 $11,620,196.85 2.3098%
Rhode Island 3 $662,565.78 0.1317%
South Carolina 9 $3,547,989.70 0.7052%
South Dakota 1 $320,000.00 0.0636%
Tennessee 3 $840,339.37 0.1670%
Texas 63 $17,952,518.52 3.5685%
Utah 7 $2,113,309.56 0.4201%
Vermont 3 $909,483.15 0.1808%
Virginia 102 $28,814,775.19 5.7276%
Washington 29 $8,752,036.41 1.7397%
Wisconsin 5 $1,348,624.29 0.2681%
----- --------------- ---------
Total 1,627 $503,088,608.29 100.0000%
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
- -------- ----- ------------ ---------
2018 17 $3,055,382.54 0.6073%
2023 11 $3,232,745.97 0.6426%
2025 3 $930,806.12 0.1850%
2027 33 $10,462,241.35 2.0796%
2028 1,563 $485,407,432.31 96.4855%
----- --------------- ---------
Total 1,627 $503,088,608.29 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 1 Mortgage Loans calculated as of the Cut-off Date is 358
months.
i) The following table sets forth information, as of the
Cut-off Date, with respect to the purpose of the Pool 1
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 617 $186,527,858.70 37.0765%
Rate Term/Refinance 822 $257,345,855.44 51.1532%
Cash-out Refinance 188 $59,214,894.15 11.7703%
----- --------------- ---------
Total 1,627 $503,088,608.29 100.0000%
9
<PAGE>
Pool 2
Pool 2 consists primarily of fixed-rate, first-lien,
fully-amortizing, conventional Mortgage Loans (the "Pool 2
Mortage Loans") evidenced by Mortgage Notes which have original
maturities of 10 to 15 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
$151,098,842.19.
The interest rates (the "Mortgage Rates") borne by the 460 Pool 2
Mortgage Loans conveyed by GECMSI to the related trust fund range
from 6.1250% to 8.1250% and the weighted average Mortgage Rate of
the Pool 2 Mortgage Loans as of the Cut-off Date is 7.0743% per
annum (all weighted averages in this filing are weighted by
aggregate outstanding Scheduled Principal Balance of all Pool 2
Mortage Loans as of the Cut-off Date). At origination, the
principal balances of the Pool 2 Mortgage Loans ranged from
$42,000.00 to $987,000.00, and, as of the Cut-off Date, the
average outstanding Scheduled Principal Balance of the Pool 2
Mortgage Loans is $328,475.74, after application of principal
payments due on or before the Cut-off Date and prepayments of
principal received before such date. The earliest origination
date of any Pool 2 Mortgage Loan is August 1997, and the latest
scheduled maturity date of any such Mortgage Loan is May 2013.
The weighted average loan-to-value ratio of the Pool 2 Mortgage
Loans as of the Cut-off Date is 69.3108%.
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
- -------- ----- ------------ ---------
6.1250% 2 $414,000.00 0.2740%
6.2500% 5 $1,636,306.18 1.0829%
6.3750% 5 $1,562,750.16 1.0343%
6.5000% 17 $4,888,239.16 3.2351%
6.6250% 13 $3,878,614.91 2.5669%
6.7500% 26 $7,694,027.41 5.0921%
6.8750% 69 $21,556,710.29 14.2666%
7.0000% 91 $29,895,944.50 19.7857%
7.1250% 85 $28,036,555.13 18.5551%
7.2500% 66 $22,182,614.17 14.6809%
7.3750% 49 $18,519,847.00 12.2568%
7.5000% 20 $6,256,310.36 4.1405%
7.6250% 7 $2,892,429.85 1.9143%
7.7500% 3 $1,192,073.97 0.7889%
7.8750% 1 $248,272.41 0.1643%
8.1250% 1 $244,146.69 0.1616%
----- --------------- ---------
Total 460 $151,098,842.19 100.0000%
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 Morrtgage Loans:
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$0 - 227,150 67 $9,215,585.31 6.0990%
$227,151 - 250,000 44 $10,666,222.42 7.0591%
$250,001 - 300,000 132 $36,516,884.05 24.1677%
$300,001 - 350,000 70 $22,750,707.82 15.0568%
$350,001 - 400,000 42 $15,890,077.44 10.5163%
$400,001 - 450,000 31 $13,297,585.61 8.8006%
$450,001 - 600,000 51 $25,967,109.85 17.1855%
$600,001 - 650,000 10 $6,337,757.04 4.1944%
$650,001 - 1,000,000+ 13 $10,456,912.65 6.9206%
----- --------------- ---------
Total 460 $151,098,842.19 100.0000%
The largest outstanding Scheduled Principal Balance of any Pool 2
Mortgage Loan, as of the Cut-off Date, is $987,000.00.
The smallest outstanding Scheduled Principal Balance of any Pool
2 Mortgage Loan, as of the Cut-off Date, is $42,000.00.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
- ----------- ----- ------------ ---------
1997 10 $3,637,673.99 2.4075%
1998 450 $147,461,168.20 97.5925%
----- --------------- ---------
Total 460 $151,098,842.19 100.0000%
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 44 $12,253,330.54 8.1095%
50.001 - 60.00 55 $18,124,746.99 11.9953%
60.001 - 70.00 98 $36,033,594.75 23.8477%
70.001 - 75.00 90 $31,570,493.45 20.8939%
75.001 - 80.00 149 $46,254,422.49 30.6120%
80.001 - 85.00 5 $1,283,365.08 0.8494%
85.001 - 90.00 17 $5,173,497.54 3.4239%
90.001 - 95.00 2 $405,391.35 0.2683%
----- --------------- ---------
Total 460 $151,098,842.19 100.0000%
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 414 $136,146,200.61 90.1040%
Single-family
attached 20 $7,205,030.86 4.7684%
Condominium 21 $6,322,366.37 4.1843%
2 - 4 Family Units 3 $1,081,189.50 0.7156%
Co-op 2 $344,054.85 0.2277%
----- --------------- ---------
Total 460 $151,098,842.19 100.0000%
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 442 $145,352,745.09 96.1971%
Vacation 17 $5,518,546.29 3.6523%
Investment 1 $227,550.81 0.1506%
----- --------------- ---------
Total 460 $151,098,842.19 100.0000%
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
- ----- ----- ------------ ---------
Alabama 2 $975,957.72 0.6459%
Arizona 4 $1,273,807.77 0.8430%
California 134 $48,158,545.44 31.8720%
Colorado 17 $5,858,117.09 3.8770%
Connecticut 10 $4,249,246.58 2.8122%
Delaware 1 $245,600.00 0.1625%
District Of Columbia 2 $470,023.33 0.3111%
Florida 14 $4,551,643.69 3.0124%
Georgia 11 $3,851,973.79 2.5493%
Idaho 1 $72,562.74 0.0480%
Illinois 27 $9,002,603.24 5.9581%
Indiana 2 $541,134.47 0.3581%
Kentucky 4 $1,290,476.20 0.8541%
Louisiana 8 $2,983,994.85 1.9749%
Maine 1 $99,697.99 0.0660%
Maryland 16 $4,854,757.32 3.2130%
Massachusetts 29 $9,698,533.60 6.4187%
Michigan 1 $272,138.69 0.1801%
Minnesota 7 $2,084,448.97 1.3795%
Missouri 8 $2,249,655.55 1.4889%
Nevada 3 $770,305.39 0.5098%
New Jersey 35 $8,496,245.39 5.6230%
New Mexico 1 $210,000.00 0.1390%
New York 13 $4,449,716.32 2.9449%
North Carolina 5 $1,583,894.89 1.0483%
North Dakota 1 $267,163.62 0.1768%
Ohio 11 $3,896,464.12 2.5788%
Oklahoma 3 $722,552.66 0.4782%
Oregon 4 $1,290,489.00 0.8541%
Pennsylvania 21 $6,728,007.92 4.4527%
Rhode Island 3 $1,166,349.70 0.7719%
South Carolina 2 $545,445.52 0.3610%
Tennessee 3 $745,435.31 0.4933%
Texas 20 $5,546,055.36 3.6705%
Utah 2 $725,267.01 0.4800%
Virginia 20 $6,337,559.16 4.1943%
Washington 6 $2,009,309.08 1.3298%
Wisconsin 8 $2,823,662.71 1.8688%
----- --------------- ---------
Total 460 $151,098,842.19 100.0000%
14
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
2008 12 $3,095,654.68 2.0488%
2010 1 $265,821.70 0.1759%
2012 7 $2,537,844.35 1.6796%
2013 440 $145,199,521.46 96.0957%
----- --------------- ---------
Total 460 $151,098,842.19 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 2 Mortgage Loans calculated as of the Cut-off Date is 177
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 93 $31,686,465.07 20.9707%
Rate Term/Refinance 304 $99,712,157.91 65.9913%
Cash-out Refinance 63 $19,700,219.21 13.0380%
----- --------------- ---------
Total 460 $151,098,842.19 100.0000%
15
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS
AND EXHIBITS.
1.1 The Underwriting Agreement, dated as of May 22, 1996, and
the related Terms Agreement, dated as of May 26, 1998,
for certain of the Series 1998-10 Certificates between GE
Capital Mortgage Services, Inc. and Lehman Brothers Inc.
1.2 The Underwriting Agreement, dated as of October 23, 1995,
and the related Terms Agreement, dated as of May 26,
1998, for certain of the Series 1998-10 Certificates
between GE Capital Mortgage Services, Inc. and Salomon
Brothers Inc.
4.1 The Pooling and Servicing Agreement for the Series
1998-10 Certificates, dated as of May 1, 1998, between GE
Capital Mortgage Services, Inc., as seller and servicer,
and State Street Bank and Trust Company, as trustee.
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: /s/ Syed W. Ali
------------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of May 28, 1998
17
<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 May 28, 1998
18
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- -----------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- -----------------------------------------------------------------
1.1 The Underwriting Agreement, dated as
of May 22, 1996, and the related Terms
Agreement, dated as of May 26, 1998,
for certain of the Series 1998-10
Certificates between GE Capital
Mortgage Services, Inc. and Lehman
Brothers Inc.
1.2
The Underwriting Agreement, dated as
of October 23, 1995, and the related
Terms Agreement, dated as of May 26,
1998, for certain of the Series
1998-10 Certificates between GE
Capital Mortgage Services, Inc. and
Salomon Brothers Inc.
4.1 The Pooling and Servicing Agreement
for the Series 1998-10 Certificates,
dated as of May 1, 1998, between
GE Capital Mortgage Services, Inc.,
as seller and servicer, and State
Street Bank and Trust Company, as
trustee.
- -----------------------------------------------------------------
19
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Lehman Brothers Inc. New York, New York
American Express Tower May 22, 1996
Three World Financial Center
New York, New York 10285
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement", and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such prospectus supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
- 2 -
<PAGE>
Supplement"), is hereinafter called the "Prospectus". Any
reference herein to the terms "amend", "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the Prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
- 3 -
<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
- 4 -
<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
- 5 -
<PAGE>
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(each such filing of such materials, a "Current Report")
pursuant to Rule 13a- 11 under the Exchange Act on the
business day immediately following the later of (i) the day
on which such Computational Materials and Structural Term
Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus Supplement
the Underwriter has delivered to any prospective investor a
- 6 -
<PAGE>
Collateral Term Sheet that reflects, in the reasonable judgment
of the Underwriter and the Company, a material change in the
characteristics of the Mortgage Loans for the related
Series from those on which a Collateral Term Sheet with
respect to the related Series previously filed with the
Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such statement
or omission or an amendment which will effect such compliance;
provided, however, that the Company will not be required to
file any such amendment or supplement with respect to any
Computational Materials, Structural Term Sheets or
Collateral Term Sheets incorporated by reference in the
- 7 -
<PAGE>
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office of
- 8 -
<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick LLP
with respect to its letters furnished pursuant to Section
6(i) of this Agreement and any letter furnished pursuant to
the last sentence of Section 6(h) hereof, the fees of any
firm of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of this Agreement, any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses",
and all expenses (e.g., shipping, postage and courier
costs) associated with the delivery of the related
Prospectus to prospective investors and investors, other
than the costs of delivery to the Underwriter's facilities,
provided, that if courier services (other than overnight
delivery services utilized in the ordinary course of
business) are required to ensure that such Prospectus is
delivered to investors on the day immediately preceding the
related Closing Date, the Company will pay such courier
expenses).
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
- 9 -
<PAGE>
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time it
- 10 -
<PAGE>
became effective, contained an untrue statement of a
material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
- 11 -
<PAGE>
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
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(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
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<PAGE>
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of the
Company or public officials. In addition, such opinion may
be qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
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<PAGE>
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
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<PAGE>
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or regulation applicable to the
Trustee, or to such counsel's knowledge, any indenture
or other agreement or instrument to which the Trustee
is a party or by which it is bound, or, to such
counsel's knowledge, any order of any state or federal
court, regulatory body, administrative agency or
governmental body having jurisdiction over the
Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or statistical
nature (which is limited to accounting, financial or statistical
information derived from the general accounting records of the
Company and which is obtained from an analysis of a sample of
the Mortgage Loans included in the related pool) set forth in
the related Prospectus Supplement under the caption
"Description of the Mortgage Pool and the Mortgaged Proper-
ties" or "Description of the Mortgage Pools and the
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<PAGE>
Mortgaged Properties", as the case may be, and in the
Detailed Description relating to such Prospectus Supplement
is mutually consistent and agrees with the accounting
records of the Company and, where applicable, the related
Mortgage Loan files of the Company, excluding any questions
of legal interpretation. In addition, if applicable, such
accountants shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, which shall
include a statement or statements to the effect that based
upon the assumptions and methodology agreed to by the
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified
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<PAGE>
the mathematical accuracy of any initial Effective
Ranges of any PAC Certificates, Scheduled Certificates
or other scheduled Certificates set forth in such
Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
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<PAGE>
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
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<PAGE>
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof,
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
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<PAGE>
addition to any liability which the Underwriter may otherwise
have. The Company acknowledges that the statements set forth in
the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement
as such statements relate to such Offered Certificates and the
second sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
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<PAGE>
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the relative
fault of the Company on the one hand and the Underwriter on
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<PAGE>
the other in connection with the statements or omissions
which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any
other relevant equitable considerations. The relative fault
shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or the Underwriter
on the other and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent
such statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates that constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
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<PAGE>
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter; and
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
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<PAGE>
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that any
Computational Materials or Structural Term Sheets with respect to
any Series of Certificates furnished to prospective investors
from and after May 21, 1996 have been prepared and disseminated
by the Underwriter and not by or on behalf of the Company, and
that such materials included and shall include a disclaimer in
form satisfactory to the Company to the effect that such
materials have been prepared and disseminated by the Underwriter,
and that the content and accuracy of such materials have not been
reviewed by the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
- 25 -
<PAGE>
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in the Offered Certificates that constitute "Collateral
Term Sheets." Each delivery of a Collateral Term Sheet to the
Company pursuant to this paragraph (a) shall be effected by
delivering four copies of such materials to counsel for the
Company on behalf of the Company at the address specified in
Section 3 hereof and one copy of such materials to the Company.
(Collateral Term Sheets and Structural Term Sheets are, together,
referred to herein as "ABS Term Sheets.") At the time of each
such delivery, the Underwriter shall indicate in writing that the
materials being delivered constitute Collateral Term Sheets, and,
if there has been any prior such delivery with respect to the
related Series, shall indicate whether such materials differ in
any material respect from any Collateral Term Sheets previously
delivered to the Company with respect to such Series pursuant to
- 26 -
<PAGE>
this Section 9(a) as a result of the occurrence of a material change
in the characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter; and
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
will have been prepared and disseminated by the Underwriter and
not by or on behalf of the Company, and that such materials shall
include a disclaimer in form satisfactory to the Company to the
effect set forth in Section 8(d) hereof, and to the effect that
the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
- 27 -
<PAGE>
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
- 28 -
<PAGE>
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
- 29 -
<PAGE>
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
- 30 -
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
LEHMAN BROTHERS INC.
By:______________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated May 22, 1996
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Lehman Brothers Inc. (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase such Classes of Series ____-__ Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$[ ] aggregate principal balance as of the Cutoff Date,
subject to [an upward or downward variance of up to [ ]%,
the precise aggregate principal balance to be determined by
the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than
$[ ] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A-1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------
* to be inserted if applicable.
A-2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
LEHMAN BROTHERS INC.
By:_____________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_____________________________
Name:
Title:
A-3
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-10
TERMS AGREEMENT
(to Underwriting Agreement
dated May 22, 1996
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus As of May 26, 1998
Cherry Hill, NJ 08002
Lehman Brothers Inc. (the "Underwriter") agrees, subject to
the terms and provisions herein and of the captioned Underwriting
Agreement (the "Underwriting Agreement"), to purchase the Classes
of Series 1998-10 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 1998-10 Certificates are registered with the
Securities and Exchange Commission by means of an effective
Registration Statement (No. 333-51151). Capitalized terms used
and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pools: The Series 1998-10
Certificates shall evidence the entire beneficial ownership
interest in two mortgage pools ("Pool 1" and "Pool 2,"
respectively, and each a "Mortgage Pool") of conventional, fixed
rate, fully amortizing one- to four-family residential mortgage
loans (the "Mortgage Loans") having the following characteristics
as of May 1, 1998 (the "Cut-off Date"):
(a) Aggregate Principal Amount of Pool 1:
$503,088,608.29 aggregate principal balance as of the
Cut-off Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance of the
Offered Certificates in Pool 1 will be not less than
$475,000,000 or greater than $525,000,000.
(b) Aggregate Principal Amount of Pool 2:
$151,098,842.19 aggregate principal balance as of the
Cut-off Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance of the
Offered Certificates in Pool 2 will be not less than
$142,500,000 or greater than $157,500,000.
(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
<PAGE>
20 and 30 years, in the case of Pool 1, and 10 and 15 years,
in the case of Pool 2.
Section 2. The Certificates: The Offered Certificates shall
be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the variance
referred to in Section 1(a):
Class Principal Interest Class Purchase
----- Balance Rate Price Percentage
------- ---- ----------------
Class 1-A1 $100,043,000.00 6.65% 99.062500%
Class 1-A2 35,000,000.00 6.50 99.062500
Class 1-A3 28,530,000.00 6.40 99.062500
Class 1-A4 (1) 6.75 99.062500
Class 1-A5 192,900,000.00 7.00 99.062500
Class 1-A6 23,050,000.00 7.00 99.062500
Class 1-A7 13,148,000.00 7.00 99.062500
Class 1-A8 1,140,000.00 7.00 99.062500
Class 1-A9 8,528,000.00 0.00 99.062500
Class 1-A10 79,991,000.00 6.75 99.062500
Class 1-R 100.00 6.75 99.062500
Class 1-RL 100.00 6.75 99.062500
Class 2-A1 31,765,000.00 6.50 99.843800
Class 2-A2 29,935,000.00 6.50 99.843800
Class 2-A3 53,635,000.00 6.50 99.843800
Class 2-A4 800,000.00 6.50 99.843800
Class 2-A5 1,400,000.00 6.50 99.843800
Class 2-A6 20,150,000.00 6.50 99.843800
Class 2-A7 9,315,000.00 6.50 99.843800
Class 2-R 100.00 6.50 99.843800
- ----------------
(1) The Class 1-A4 Certificates shall be issued with an initial
notional principal balance of $4,257,748.15, subject to the
variance described above.
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class
Purchase Price Percentage therefor (as set forth in Section
2(a) above) of the initial Class Certificate Principal
Balance thereof plus accrued interest at the initial
interest rate per annum from and including the Cut-off Date
up to, but not including, May 28, 1998 (the "Closing Date").
Section 4. Required Ratings: The Offered Certificates,
other than the Class 1-A4 and Class 1-A9 Certificates, shall
have received Required Ratings of at least "AAA" from each
of Fitch IBCA, Inc. ("Fitch") and Standard & Poor's Rating
Services, a division of The McGraw-Hill Companies, Inc.
("S&P"), and the Class 1-A4 and Class 1-A9 Certificates
shall each have received Required Ratings of at least "AAA"
from Fitch and "AAAr" by S&P.
2
<PAGE>
Section 5. Tax Treatment: One or more elections will be
made to treat the assets of each Trust Fund as a REMIC.
* * * * * * *
3
<PAGE>
If the foregoing is in accordance with your understanding of
our agreement, please sign and return to the undersigned a
counterpart hereof, whereupon this letter and your acceptance
shall represent a binding agreement between the Underwriter and
the Company.
Very truly yours,
LEHMAN BROTHERS INC.
By: ________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By: ______________________________
Name:
Title:
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
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
- 2 -
<PAGE>
hereinafter called the "Prospectus". Any reference
herein to the terms "amend," "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
- 3 -
<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
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subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
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Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(a "Current Report") pursuant to Rule 13a-11 under the
Exchange Act on the business day immediately following the
later of (i) the day on which such Computational Materials
and Structural Term Sheets are delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. and (ii) the
date on which this Agreement is executed and delivered. The
Company will cause one Collateral Term Sheet (as defined in
Section 9 below) with respect to the Offered Certificates
of a Series that is delivered by the Underwriter to the
Company in accordance with the provisions of Section 9 to
be filed with the Commission on a Current Report pursuant
to Rule 13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus
Supplement the Underwriter has delivered to any prospective
investor a Collateral Term Sheet that reflects, in the
reasonable
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<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
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<PAGE>
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office
of
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<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick 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
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<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
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<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
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<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;
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<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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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
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<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
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<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,
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<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
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<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
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-10
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 As of May 26, 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 1998-10 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 1998-10 Certificates are registered with the
Securities and Exchange Commission by means of an effective
Registration Statement (No. 333-51151). Capitalized terms used
and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pools: The Series 1998-10
Certificates shall evidence the entire beneficial ownership
interest in two mortgage pools ("Pool 1" and "Pool 2,"
respectively, and each a "Mortgage Pool") of conventional, fixed
rate, fully amortizing one- to four-family residential mortgage
loans (the "Mortgage Loans") having the following characteristics
as of May 1, 1998 (the "Cut-off Date"):
(a) Aggregate Principal Amount of Pool 1:
$503,088,608.29 aggregate principal balance as of the
Cut-off Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance of the
Offered Certificates in Pool 1 will be not less than
$475,000,000 or greater than $525,000,000.
(b) Aggregate Principal Amount of Pool 2:
$151,098,842.19 aggregate principal balance as of the
Cut-off Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance of the
Offered Certificates in Pool 2 will be not less than
$142,500,000 or greater than $157,500,000.
(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
<PAGE>
20 and 30 years, in the case of Pool 1, and 10 and 15 years,
in the case of Pool 2.
Section 2. The Certificates: The Offered Certificates shall
be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the variance
referred to in Section 1(a):
Class Principal Interest Class Purchase
----- Balance Rate Price Percentage
------- ---- ----------------
Class 1-M $9,307,000.00 6.75% 98.360940%
Class 1-B1 4,025,000.00 6.75 97.664620
Class 1-B2 2,264,000.00 6.75 95.618650
Class 2-M 1,360,000.00 6.50 98.527420
Class 2-B1 755,000.00 6.50 97.711220
Class 2-B2 378,000.00 6.50 96.904960
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each Class
of the Offered Certificates shall be the Class Purchase Price
Percentage therefor (as set forth in Section 2(a) above) of the
initial Class Certificate Principal Balance thereof plus accrued
interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, May 28, 1998
(the "Closing Date").
Section 4. Required Ratings: The Class 1-M, Class 1-B1 and
Class 1-B2 Certificates shall have received Required Ratings of
at least "AA," "A" and "BBB," respectively, from Fitch IBCA, Inc.
The Class 2-M, Class 2-B1 and Class 2-B2 Certificates shall have
received Required Ratings of at least "AA," "A" and "BBB,"
respectively, from Standard & Poor's Rating Services, a division
of The McGraw-Hill Companies, Inc.
Section 5. Tax Treatment: One or more elections will be made
to treat the assets of 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.
<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:
EXECUTION
=================================================================
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
--------------
POOLING AND SERVICING AGREEMENT
Dated as of May 1, 1998
--------------
REMIC Multi-Class Pass-Through Certificates,
Series 1998-10
=================================================================
<PAGE>
Table of Contents
Page
----
ARTICLE I.
DEFINITIONS
Section 1.01. Definitions...................................... 1
ARTICLE II.
CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans..................... 41
Section 2.02. Acceptance by Trustee............................ 45
Section 2.03. Representations and Warranties
of the Company; Mortgage Loan
Repurchase....................................... 46
Section 2.04. Execution of Certificates........................ 52
Section 2.05. The REMICs; Designations under
the REMIC Provisions:............................ 53
Section 2.06. Trust Funds Separate............................. 55
ARTICLE III.
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer....................... 55
Section 3.02. Collection of Certain Mortgage
Loan Payments; Mortgage Loan Payment
Records; Certificate Accounts.................... 59
Section 3.03. Collection of Taxes, Assessments and
Other Items...................................... 62
Section 3.04. Permitted Debits to the Mortgage
Loan Payment Records............................. 62
Section 3.05. Maintenance of the Primary
Insurance Policies............................... 63
Section 3.06. Maintenance of Hazard Insurance.................. 64
Section 3.07. Assumption and Modification Agreements........... 65
Section 3.08. Realization Upon Defaulted Mortgage Loans........ 65
Section 3.09. Trustee to Cooperate; Release of
Mortgage Files................................... 68
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company.................. 69
Section 3.11. Reports to the Trustee; Certificate
Account Statements............................... 69
Section 3.12. Annual Statement as to Compliance................ 69
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:......................... 70
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans......... 70
Section 3.15. Maintenance of Certain Servicing Policies........ 70
Section 3.16. Optional Purchase of Defaulted
Mortgage Loans................................... 71
ARTICLE IV.
PAYMENTS AND STATEMENTS
Section 4.01. Distributions.................................... 71
i
<PAGE>
Section 4.02. Method of Distribution........................... 82
Section 4.03. Allocation of Losses............................. 83
Section 4.04. Monthly Advances; Purchases
of Defaulted Mortgage Loans...................... 85
Section 4.05. Statements to Certificateholders................. 86
Section 4.06. Servicer's Certificate........................... 88
Section 4.07. Reports of Foreclosures and
Abandonments of Mortgaged Property............... 89
Section 4.08. Reduction of Servicing Fees by
Compensating Interest Payments................... 89
Section 4.09. Surety Bond...................................... 89
ARTICLE V.
THE CERTIFICATES
Section 5.01. The Certificates................................. 89
Section 5.02. Registration of Transfer and
Exchange of Certificates......................... 91
Section 5.03. Mutilated, Destroyed, Lost or
Stolen Certificates.............................. 96
Section 5.04. Persons Deemed Owners............................ 97
Section 5.05. Access to List of Certificateholders'
Names and Addresses.............................. 97
Section 5.06. Representation of Certain
Certificateholders............................... 97
Section 5.07. Determination of COFI............................ 97
Section 5.08. Determination of LIBOR........................... 98
ARTICLE VI.
THE COMPANY
Section 6.01. Liability of the Company......................... 100
Section 6.02. Merger or Consolidation of,
or Assumption of the Obligations
of, the Company.................................. 100
Section 6.03. Assignment....................................... 100
Section 6.04. Limitation on Liability of the
Company and Others............................... 100
Section 6.05. The Company Not to Resign........................ 101
ARTICLE VII.
DEFAULT
Section 7.01. Events of Default................................ 101
Section 7.02. Trustee to Act; Appointment of
Successor........................................ 103
Section 7.03. Notification to Certificateholders............... 104
ARTICLE VIII.
THE TRUSTEE
Section 8.01. Duties of Trustee................................ 104
Section 8.02. Certain Matters Affecting the Trustee............ 105
Section 8.03. Trustee Not Liable for Certificates
or Mortgage Loans................................ 106
Section 8.04. Trustee May Own Certificates..................... 107
Section 8.05. The Company to Pay Trustee's
Fees and Expenses................................ 107
Section 8.06. Eligibility Requirements for Trustee............. 107
Section 8.07. Resignation or Removal of Trustee................ 107
ii
<PAGE>
Section 8.08. Successor Trustee................................ 108
Section 8.09. Merger or Consolidation of Trustee............... 108
Section 8.10. Appointment of Co-Trustee or
Separate Trustee................................. 109
Section 8.11. Compliance with REMIC Provisions;
Tax Returns...................................... 110
ARTICLE IX.
TERMINATION
Section 9.01. Termination upon Repurchase by the
Company or Liquidation of All
Mortgage Loans................................... 110
Section 9.02. Additional Termination Requirements.............. 111
ARTICLE X.
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment........................................ 112
Section 10.02. Recordation of Agreement......................... 113
Section 10.03. Limitation on Rights of
Certificateholders............................... 114
Section 10.04. Governing Law.................................... 114
Section 10.05. Notices.......................................... 115
Section 10.06. Notices to the Rating Agencies................... 115
Section 10.07. Severability of Provisions....................... 115
Section 10.08. Certificates Nonassessable and Fully Paid........ 115
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
iii
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of May
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: The Class 1-A5,
Class 1-A6, Class 1-A7, Class 1-A8, Class 2-A3 and Class
2-A4 Certificates.
Accretion Directed Component: None.
Accretion Termination Date: With respect to the
Class 1-A6 Certificates, the earlier to occur of (i) the
later of (A) the Distribution Date on which the Class
Certificate Principal Balance of the Class 1-A5
Certificates has been reduced to zero and (B) the
Distribution Date on which the Class Certificate Principal
Balance of the Class 1-A6 Certificates has been reduced to
zero, and (ii) the Pool 1 Cross-Over Date. With respect to
the Class 1-A7 Certificates, the earlier to occur of (i)
the later of (A) the Distribution Date on which the Class
Certificate Principal Balance of the Class 1-A5
Certificates has been reduced to zero and (B) the
Distribution Date on which the Class Certificate Principal
Balance of the Class 1-A6 Certificates has been reduced to
zero, and (ii) the Pool 1 Cross-Over Date. With respect to
the Class 1-A8 Certificates, the earlier to occur of (i)
the later of (A) the Distribution Date on which the Class
Certificate Principal Balance of the Class 1-A7
Certificates has been reduced to zero and (B) the
Distribution Date on which the Class Certificate Principal
Balance of the Class 1-A5 Certificates has been reduced to
zero, and (ii) the Pool 1 Cross-Over Date.
With respect to the Class 2-A4 Certificates, the
earlier to occur of (i) the later of (A) the Distribution
Date on which the Class Certificate Principal Balance of
the Class 2-A3 Certificates has been reduced to zero and
(B) the Distribution Date on which the Class Certificate
Principal Balance of the Class 2-A5 Certificates has been
reduced to zero and (ii) the Pool 2 Cross-Over Date. With
respect to the Class 2-A5 Certificates, the earlier to
occur of (i) the later of (A) the Distribution Date on
which the Class Certificate Principal Balance of the Class
2-A3 Certificates has been reduced to zero and (B) the
<PAGE>
Distribution Date on which the Class Certificate Principal
Balance of the Class 2-A4 Certificates has been reduced to
zero, and (ii) the Pool 2 Cross-Over Date.
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) or Section 4.01(b)(i), as applicable, 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) or Section 4.01(b)(ii), as
applicable, on such Distribution Date, to the extent that
such amounts are distributed to any Accretion Directed
Certificates pursuant to Section 4.01(f)(i) or (ii), as
applicable, 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: The Class 1-A6, Class 1-A7,
Class 1-A8, Class 2-A4 and Class 2-A5 Certificates.
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 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.
2
<PAGE>
Allocable Share: (a) As to any Distribution Date
and amounts distributable pursuant to clauses (i) and (iii)
of the definition of Junior Optimal Principal Amount for a
Certificate Group, and as to each related Class of Junior
Certificates, the fraction, expressed as a percentage, the
numerator of which is the Class Certificate Principal
Balance of such Class and the denominator of which is the
aggregate Class Certificate Principal Balance of the Junior
Certificates in the related Certificate Group.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount for a
Certificate Group, and as to the Class M Certificates in
such Certificate Group and each Class of Class B
Certificates in such Certificate Group for which the
related Prepayment Distribution Trigger has been satisfied
on such Distribution Date, the fraction, expressed as a
percentage, the numerator of which is the Class Certificate
Principal Balance of such Class and the denominator of
which is the aggregate Class Certificate Principal Balance
of all such Classes in such Certificate Group. As to any
Distribution Date and each Class of Class B Certificates
for which the related Prepayment Distribution Trigger has
not been satisfied on such Distribution Date, 0%.
Amortization Payment: As to any REO Mortgage Loan
and any month, the payment of principal and accrued
interest due in such month in accordance with the terms of
the related Mortgage Note as contemplated by Section
3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date and Mortgage Pool, the total of all
amounts credited to the Mortgage Loan Payment Record for
such Mortgage Pool as of the preceding Determination Date
on account of (i) Principal Prepayments, Insurance Proceeds
and Liquidation Proceeds received in respect of such
Mortgage Pool subsequent to the preceding Prepayment Period
applicable to such receipts, and (ii) monthly payments of
principal and interest due subsequent to the preceding Due
Date.
Anniversary Determination Date: The Determination
Date occurring in June of each year that the Certificates
are outstanding, commencing in June 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.
3
<PAGE>
Available Funds: As to each Distribution Date and
Mortgage Pool, an amount equal to the sum of (i) all
amounts credited to the Mortgage Loan Payment Record for
such Mortgage Pool pursuant to Section 3.02 as of the
preceding Determination Date, (ii) any Monthly Advance and
any Compensating Interest Payment in respect of such
Mortgage Pool for such Distribution Date, (iii) the
Purchase Price of any Defective Mortgage Loans 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)) and (iv) the
purchase price of any defaulted Mortgage Loan in such
Mortgage Pool purchased under an agreement entered into
pursuant to Section 3.08(e) as of the end of the preceding
Prepayment Period, less the sum of (x) the Amount Held for
Future Distribution in respect of such Mortgage Pool, (y)
the amount of any Unanticipated Recovery credited to the
Mortgage Loan Payment Record in respect of such Mortgage
Pool pursuant to clause (vi) of Section 3.02, and (z)
amounts permitted to be debited from the related Mortgage
Loan Payment Record pursuant to clauses (i) through (vii)
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
Cross-Over Date, if earlier).
Bankruptcy Loss Amount: As to each Determination
Date prior to the first Anniversary Determination Date, an
amount equal to $175,525, 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 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.
4
<PAGE>
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 1-R, Class 1-RL, Class 2-PO, Class
2-B3, Class 2- B4, Class 2-B5 and Class 2-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.
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.
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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 Section 3.08(d) (with respect to a Realized Loss) or
the definition of Interest Loss (with respect to the
interest portion of a Debt Service Reduction).
Certificate Interest Rate: With respect to any
Class of Certificates (other than any Principal Only
Certificates) and as of any Distribution Date, the fixed
per annum rate specified in Section 5.01(b). Principal Only
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.
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Class: All Certificates or Lower Tier Interests,
as the case may be, bearing the same class designation.
Class 1-A10 Percentage: With respect to any
Distribution Date, the percentage (carried to ten places
rounded up) obtained by dividing (x) the sum of the Class
Certificate Principal Balance of the Class 1-A10
Certificates immediately preceding such Distribution Date
and $40,247,000, by (y) the aggregate Certificate Principal
Balance of all the Pool 1 Certificates (other than the
Class 1-PO Certificates) immediately preceding such
Distribution Date; provided that, the Class 1-A10
Percentage for any Distribution Date shall not exceed 100%;
and provided further that, on any Distribution Date after
the Class Certificate Principal Balance of the Class 1-A10
Certificates has been reduced to zero, the Class 1-A10
Percentage shall be zero.
Class 1-A10 Prepayment Distribution Percentage:
0% through the Distribution Date in May 2003; 30%
thereafter through the Distribution Date in May 2004; 40%
thereafter through the Distribution Date in May 2005; 60%
thereafter through the Distribution Date in May 2006; 80%
thereafter through the Distribution Date in May 2007; and
100% thereafter.
Class 1-A10 Scheduled Distribution Percentage:
For any Distribution Date through the Distribution Date
occurring in May 2003, 0%. For any Distribution Date
occurring after the Distribution Date occurring in May
2003, the Class 1-A10 Percentage for such Distribution
Date. Notwithstanding the foregoing, on any Distribution
Date after the Pool 1 Group I Final Distribution Date, the
Class 1-A10 Scheduled Distribution Percentage will equal
the Pool 1 Senior Percentage for such Distribution Date.
Class B Certificate: Any Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 or Class 2-B5 Certificate.
Class B1 Certificate: Any Class 1-B1 or Class
2-B1 Certificate.
Class B2 Certificate: Any Class 1-B2 or Class
2-B2 Certificate.
Class B3 Certificate: Any Class 1-B3 or Class
2-B3 Certificate.
Class B4 Certificate: Any Class 1-B4 or Class
2-B4 Certificate.
Class B5 Certificate: Any Class 1-B5 or Class
2-B5 Certificate.
Class Certificate Principal Balance: As to any
Class of Certificates, other than any Class of Notional
Certificates, and 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). As to the
Pool 2 TAC Segment, the sum of the Class Certificate
Principal Balances of the Class 2-A3 and Class 2-A4
Certificates.
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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: May 28, 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
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
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<PAGE>
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
----------- ----------------- -------------
N/A 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 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.
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<PAGE>
Cooperative Stock: With respect to a Cooperative
Loan, the single outstanding class of stock, partnership
interest or other ownership instrument in the related
Cooperative.
Cooperative Stock Certificate: With respect to a
Cooperative Loan, the stock certificate(s) or other
instrument evidencing the related Cooperative Stock.
Corporate Trust Office: The principal office of
the Trustee at which at any particular time its corporate
trust business shall be administered, which office at the
date of the execution of this instrument is located at Two
International Place, Boston, Massachusetts 02110,
Attention: Corporate Trust Department.
Corresponding Class: With respect to Pool 1 and
any Class of Lower Tier Interests, the Class or Classes of
Certificates or Components and with respect to any Class of
Pool 1 Certificates, the Class or Classes of Lower Tier
Interests, appearing opposite such Class of Lower Tier
Interests or Certificates in the table included in Section
2.05(a).
Cross-Over Date: As to each Certificate Group,
the first Distribution Date on which the aggregate Class
Certificate Principal Balance of the Junior Certificates in
such Certificate Group has been reduced to zero (giving
effect to all distributions on such Distribution Date).
Cut-off Date: May 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.
10
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Definitive Certificate: Any Certificate, other
than a Book-Entry Certificate, issued in definitive, fully
registered form.
Definitive Restricted Junior Certificate: Any
Restricted Junior Certificate that is in the form of a
Definitive Certificate.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE &
Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
Commercial Code of the State of New York, as amended, or
any successor provisions thereto.
Depository Participant: A broker, dealer, bank or
other financial institution or other Person for which, from
time to time, the Depository effects book-entry transfers
and pledges of securities deposited with such Depository.
Designated Loan Closing Documents: With respect
to any Designated Loan, a Lost Note Affidavit substantially
in the form of Exhibit L, and an assignment of the related
Mortgage to the Trustee in recordable form (except for the
omission therein of recording information concerning such
Mortgage).
Designated Loans: With respect to Pool 1, none.
With respect to Pool 2, the Mortgage Loans listed in
Schedule M hereto.
Designated Telerate Page: The Dow Jones Telerate
Service page 3750 (or such other page as may replace page
3750 on that service or such other service as may be
nominated by the BBA for the purpose of displaying the
Interest Settlement Rates).
Determination Date: With respect to any
Distribution Date, the fifth Business Day prior thereto.
Discount Mortgage Loan: 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 6.50% per annum.
Disqualified Organization: Any of the following:
(i) the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code
section 1381(a)(2)(C). The terms "United States," "State"
and "International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
11
<PAGE>
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.
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.
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<PAGE>
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 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 $5,030,886, in the case of Pool 1, and
$1,510,988, 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
13
<PAGE>
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.
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
14
<PAGE>
interest at the Remittance Rate, respectively,
in the absence of the Debt Service Reduction.
Interest Settlement Rate: With respect to any
Interest Accrual Period, the rate (expressed as a
percentage per annum) for one-month U.S. Dollar deposits
reported by the BBA at 11:00 a.m. London time on the
related LIBOR Determination Date and as it appears on the
Designated Telerate Page.
Interest Shortfall: With respect to any
Distribution Date and each Mortgage Loan that during the
related Prepayment Period was the subject of a Voluntary
Principal Prepayment, or constitutes a Relief Act Mortgage
Loan, an amount determined as follows:
(a) partial principal prepayments: one month's
interest at the applicable Net Mortgage Rate on the
amount of such prepayment;
(b) principal prepayments in full received on or
after the sixteenth day of the month preceding the
month of such Distribution Date (or, in the case of
the first Distribution Date, on or after the Cut-off
Date) but on or before the last day of the month
preceding the month of such Distribution Date, the
difference between (i) one month's interest at the
applicable Net Mortgage Rate on the Scheduled
Principal Balance of such Mortgage Loan immediately
prior to such prepayment and (ii) the amount of
interest for the calendar month of such prepayment
(adjusted to the applicable Net Mortgage Rate)
received at the time of such prepayment;
(c) principal prepayments in full received by the
Company (or of which the Company receives notice, in
the case of a Mortgage Loan serviced by a Primary
Servicer) on or after the first day but on or before
the fifteenth day of the month of such Distribution
Date: none; and
(d) Relief Act Mortgage Loans: As to any Relief
Act Mortgage Loan, the excess of (i) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on the Scheduled
Principal Balance thereof (or, in the case of a
Principal Prepayment in part, on the amount so
prepaid) at the related Net Mortgage Rate over (ii) 30
days' interest (or, in the case of a Principal
Prepayment in full, interest to the date of
prepayment) on such Scheduled Principal Balance (or,
in the case of a Principal Prepayment in part, on the
amount so prepaid) at the Net Mortgage Rate required
to be paid by the Mortgagor as limited by application
of the Relief Act.
For purposes of the definitions of Net Interest
Shortfall and Supplemental Servicing Fee, the amount of any
Interest Shortfall shall be allocated between the
Certificates 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.
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<PAGE>
Junior Certificate: As to each Certificate Group,
any related Class M or Class B Certificate.
Junior Optimal Principal Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of the following (but in no event greater
than the aggregate Certificate Principal Balance of the
related Junior Certificates immediately prior to such
Distribution Date):
(i) the related Junior Percentage of the
applicable Non-PO Percentage of the
principal portion of each Monthly Payment
due on the related Due Date on each
Outstanding Mortgage Loan in the related
Mortgage Pool as of such Due Date as
specified in 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;
(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
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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, 2015.
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.
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.
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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).
Lower Tier Balance: As to Pool 1 and each Class
of Lower Tier Interests and any Distribution Date, the
initial Lower Tier Balance thereof set forth or specified
in Section 2.05(a) (plus, in the case of any Class of Lower
Tier Interests as to which the Corresponding Class is a
Class of Accrual Certificates or an Accrual Component, an
amount equal to the Accrual Amount for such Corresponding
Class for each previous Distribution Date) less the sum of
(i) aggregate amount of principal allocable thereto on
previous Distribution Dates pursuant to Section 2.05(a) and
(ii) any Realized Losses or Subordinate Certificate
Writedown Amount allocated thereto on previous Distribution
Dates.
Lower Tier Interest: As to Pool 1, any one of the
Classes of regular interests in the Lower Tier REMIC
described as such in Section 2.05(a).
Lower Tier Interest Rate: As to Pool 1 and each
Lower Tier Interest, the applicable "Lower Tier Interest
Rate," if any, set forth in Section 2.05(a) hereof.
Lower Tier REMIC: One of the two separate REMICs
comprising the Pool 1 Trust Fund, the assets of which
consist of the assets and rights specified in clauses (i)
through (viii) and clause (x) of the definition of the term
Pool 1 Trust Fund.
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
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to 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.
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.
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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 6.50% per annum.
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 6.50%. 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
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ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise.
The determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: Any Class 1-A4 Certificate.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: As to any
Distribution Date and the Class 1-A4 Certificates, (i) the
sum of (a) 0.10% of the Class Certificate Principal Balance
of the Class 1-A1 Certificates on such Distribution Date,
(b) 0.25% of the Class Certificate Principal Balance of the
Class 1-A2 Certificates on such Distribution Date, and (c)
0.35% of the Class Certificate Principal Balance of the
Class 1-A3 Certificates on such Distribution Date, divided
by (ii) 6.75%. As to any Distribution Date and any Notional
Certificate, such Notional Certificate's Percentage
Interest of the aggregate Notional Principal Balance of the
Notional Certificates of the same Class for such
Distribution Date.
Officer's Certificate: A certificate signed by
the President, a Senior Vice President or a Vice President
of the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel,
who may be counsel for the Company; provided, however, that
any Opinion of Counsel with respect to the interpretation
or application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set
forth in the definition of Senior Prepayment Percentage.
Original Value: The value of the property
underlying a Mortgage Loan based, in the case of the
purchase of the underlying Mortgaged Property, on the lower
of an appraisal satisfactory to the Company or the sales
price of such property or, in the case of a refinancing, on
an appraisal satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any
Due Date, a Mortgage Loan which, prior to such Due Date,
was not the subject of a Principal Prepayment in full, did
not become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a) 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.
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PAC Balance: As to any Distribution Date and any
Class of PAC Certificates and any PAC Component, the
balance designated as such for such Distribution Date and
such Class or Component as set forth in the Principal
Balance Schedules.
PAC Certificate: Any Class 1-A1, Class 1-A2,
Class 1-A3, Class 2-A1 or Class 2-A2 Certificate.
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 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
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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.
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 6.50% over the Net
Mortgage Rate of such Discount Mortgage Loan and the
denominator of which is 6.50%. 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:
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(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 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.
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For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Pool 1: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule as Pool 1 Mortgage
Loans.
Pool 1 Certificate: Any Pool 1 Senior Certificate
or Pool 1 Junior Certificate.
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-A1, Class 1-A2, Class 1-A3, Class 1-A5, Class 1-A6, Class
1-A7, Class 1-A8, Class 1-A9, Class 1-R or Class 1-RL
Certificate.
Pool 1 Group I Senior Principal Distribution
Amount: As defined in Section 4.01(a)(iii)(B).
Pool 1 Group II Senior Certificate: Any Class
1-A10 Certificate.
Pool 1 Group II Senior Principal Distribution
Amount: With respect to any Distribution Date, the sum of
(a) the total of the amounts described in clauses (i) and
(iii) of the definition of Senior Optimal Principal Amount
in respect of Pool 1 (without application of the related
Senior Percentage or the related Senior Prepayment
Percentage) for such date multiplied by the Class 1-A10
Scheduled Distribution Percentage for such date and (b) the
total of the amounts described in clauses (ii), (iv) and
(v) of the definition of Senior Optimal Principal Amount in
respect of Pool 1 (without application of the related
Senior Prepayment Percentage) for such date multiplied by
the product of (x) the Class 1-A10 Percentage for such date
and (y) the Class 1-A10 Prepayment Distribution Percentage
for such date; provided, however, that (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 Senior Optimal Principal Amount in respect
of Pool 1 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 Senior Optimal Principal Amount in respect
of Pool 1.
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.
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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-A6, Class
1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-R, Class
1-RL 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
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.
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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).
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 or
Class 2-R Certificate.
Pool 2 Group I Senior Principal Distribution
Amount: As defined in Section 4.01(b)(iii)(B).
Pool 2 Group II Senior Certificate: Any Class
2-A6 or Class 2-A7 Certificate.
Pool 2 Group II Senior Prepayment Distribution
Percentage: 0% through the Distribution Date in May 2003;
30% thereafter through the Distribution Date in May 2004;
40% thereafter through the Distribution Date in May 2005;
60% thereafter through the Distribution Date in May 2006;
80% thereafter through the Distribution Date in May 2007;
and 100% thereafter.
Pool 2 Group II Senior Percentage: With respect
to any Distribution Date, the percentage (carried to ten
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 the Pool 2 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 sum of
(a) the total of the amounts described in clauses (i) and
(iii) of the definition of Senior Optimal Principal Amount
in respect of Pool 2 (without application of the related
Senior Percentage or the related Senior Prepayment
Percentage) for such date multiplied by the Pool 2 Group II
Senior Percentage for such date and (b) the total of the
amounts described in clauses (ii), (iv) and (v) of the
definition of Senior
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Optimal Principal Amount in respect of Pool 2
(without application of the related Senior
Prepayment Percentage) for such date multiplied by the
product of (x) the Pool 2 Group II Senior Percentage for
such date and (y) the Pool 2 Group II Senior Prepayment
Distribution Percentage for such date; provided, however,
that (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 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-R or Class 2-PO Certificate.
Pool 2 TAC Segment: The Class 2-A3 and Class 2-A4
Certificates, in the aggregate.
Pool 2 TAC Segment Balance: As to any
Distribution Date and the Pool 2 TAC Segment, the balance
designated as such for such Distribution Date as set forth
in the Principal Balance Schedules.
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;
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(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
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, in the case of the Pool 1
Certificates, and 250% of the Prepayment Assumption, in the
case of the Pool 2 Certificates.
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
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
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Interest Excess shall be retained by the Company, as
servicer, as additional servicing compensation.
Prepayment Period: With respect to any
Distribution Date and any Voluntary Principal Prepayment in
part or other Principal Prepayment other than a Voluntary
Principal Prepayment in full, the calendar month preceding
the month of such Distribution Date; with respect to any
Distribution Date and any Voluntary Principal Prepayment in
full, the period beginning on the sixteenth day of the
calendar month preceding the month of such Distribution
Date (or, in the case of the first Distribution Date,
beginning on the Cut-off Date) and ending on the fifteenth
day of the month in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of
private mortgage insurance relating to a particular
Mortgage Loan, or an electronic screen print setting forth
the information contained in such certificate of private
mortgage insurance, including, without limitation,
information relating to the name of the mortgage insurance
carrier, the certificate number, the loan amount, the
property address, the effective date of coverage, the
amount of coverage and the expiration date of the policy.
Each such policy covers defaults by the Mortgagor, which
coverage shall equal the portion of the unpaid principal
balance of the related Mortgage Loan that exceeds 75% (or
such lesser coverage required or permitted by FNMA or
FHLMC) of the Original Value of the underlying Mortgaged
Property.
Primary Servicer: Any servicer with which the
Company has entered into a servicing agreement, as
described in Section 3.01(f).
Principal Balance Schedules: Any principal
balance schedules attached hereto, if applicable, as
Exhibit B, setting forth the PAC Balances of any PAC
Certificates and PAC Components, the TAC Balances of any
TAC Certificates and TAC Components, and the Pool 2 TAC
Segment Balances of the Pool 2 TAC Segment.
Principal Only Certificate: With respect to Pool
1, any Class 1-A9 or Class 1-PO Certificate. With respect
to Pool 2, any Class 2-PO Certificate.
Principal Only Component: None.
Principal Prepayment: Any payment or other
recovery of principal on a Mortgage Loan (including, for
this purpose, any refinancing permitted by Section 3.01 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 May 26, 1998,
or (ii) the private placement memorandum relating to the
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates dated
May 26, 1998.
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Prohibited Transaction Exemption: U.S. Department
of Labor Prohibited Transaction Exemption 91-14, 56 Fed.
Reg. 7413, February 22, 1991.
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.
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 and Class 1-B4 Certificates, Fitch shall be the
sole Rating Agency; and for purposes of the Class 2-M,
Class 2-B1, Class 2-B2, Class 2-B3 and Class 2-B4
Certificates, S&P 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).
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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.
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, Class 1-RL
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
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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
(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.
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Senior Certificate: Any Pool 1 Senior Certificate
or Pool 2 Senior Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date and as to each Certificate Group, an
amount equal to the sum of the Certificate Principal
Balances of the related Senior Certificates (other than, in
the case of the Pool 1 Certificates, the Class 1-PO
Certificates, and in the case of the Pool 2 Certificates,
the Class 2-PO Certificates).
Senior Optimal Principal Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of:
(i) the related Senior Percentage of the
applicable Non-PO Percentage of the
principal portion of each Monthly Payment
due on the related Due Date on each
Outstanding Mortgage Loan in the related
Mortgage Pool as of such Due Date as
specified in the amortization schedule at
the time applicable thereto (after
adjustments for previous Principal
Prepayments and 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)
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all Net Liquidation Proceeds allocable
to principal received in respect of each
such Liquidated Mortgage Loan in the
related Mortgage Pool (other than Mortgage
Loans described in clause (B)) and (B) the
principal balance of each such Mortgage
Loan in the related Mortgage Pool purchased
by an insurer from the Trustee pursuant to
the related Primary Insurance Policy, in
each case during the related Prepayment
Period;
(iv) the related Senior Prepayment Percentage of
the applicable Non-PO Percentage of the
Scheduled Principal Balance of each
Mortgage Loan in the related Mortgage Pool
which was purchased on such Distribution
Date pursuant to Section 2.02, 2.03(a) or
3.16; and
(v) the related Senior Prepayment Percentage of
the applicable Non-PO Percentage of the
Substitution Amount for any Mortgage Loan
in the related Mortgage Pool substituted
during the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Senior Percentage: As to any Distribution Date
and each Certificate Group, the lesser of (i) 100% and (ii)
the percentage (carried to ten 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 May
2003 to and including the Distribution Date
in May 2004, the related Senior Percentage
for such Distribution Date plus 70% of the
related Junior Percentage for such
Distribution Date;
(ii) for any Distribution Date subsequent to May
2004 to and including the Distribution Date
in May 2005, the related Senior Percentage
for such Distribution Date plus 60% of the
related Junior Percentage for such
Distribution Date;
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(iii) for any Distribution Date subsequent to May
2005 to and including the Distribution Date
in May 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 May
2006 to and including the Distribution Date
in May 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 June 2003 and May 2004, (b) 35%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including June 2004 and May 2005, (c) 40%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including June 2005 and May 2006, (d) 45%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including June 2006 and May 2007 and (e)
50% of the Original Subordinate Principal Balance for
such Certificate Group if such Distribution Date
occurs during or after June 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
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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 June 2003 and May 2004, (b) 15%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including June 2004 and May 2005, (c) 20%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including June 2005 and May 2006, (d) 25%
of the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including June 2006 and May 2007, and (e)
30% of the Original Subordinate Principal Balance for
such Certificate Group if such Distribution Date
occurs during or after June 2007.
Servicer's Certificate: A certificate, completed
by and executed on behalf of the Company by a Servicing
Officer in accordance with Section 4.06, substantially in
the form of Exhibit D hereto or in such other form as the
Company and the Trustee shall agree.
Servicing Fee: As to any Mortgage Loan and
Distribution Date, the sum of (a) the Base Servicing Fee
and (b) the Supplemental Servicing Fee.
Servicing Officer: Any officer of the Company
involved in, or responsible for, the administration and
servicing of the Mortgage Loans whose name appears on a
list of servicing officers attached to an Officer's
Certificate furnished to the Trustee by the Company, as
such list may from time to time be amended.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or initial Notional
Principal Balance, of $1,000 or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or initial Notional Principal Balance of
less than $1,000, such lesser amount.
Special Hazard Loss: (i) A Realized Loss suffered
by a Mortgaged Property on account of direct physical loss,
exclusive of (a) any loss covered by a hazard policy or a
flood insurance policy required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any
loss caused by or resulting from:
(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
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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 $5,336,058, in the
case of Pool 1, and $2,012,259 in the case of Pool 2,
minus, in each case, the sum of (i) the aggregate amount of
Special Hazard Losses in respect of such Mortgage Pool that
would have been allocated to the related Junior
Certificates in accordance with Section 4.03 in the absence
of the Loss Allocation Limitation and (ii) the related
Adjustment Amount (as defined below) as most recently
calculated. On each anniversary of the Cut-off Date, the
"Adjustment Amount" for each Mortgage Pool shall be equal
to the amount, if any, by which the amount calculated in
accordance with the preceding sentence for such Mortgage
Pool (without giving effect to the deduction of the related
Adjustment Amount for such anniversary) exceeds the lesser
of (x) the greater of (A) the product of the Special Hazard
Percentage for such Mortgage Pool for such anniversary
multiplied by the outstanding principal balance of all the
Mortgage Loans in such Mortgage Pool on the Distribution
Date immediately preceding such anniversary and (B) twice
the outstanding principal balance of the Mortgage Loan in
such Mortgage Pool that has the largest outstanding
principal balance on the Distribution Date immediately
preceding such anniversary, and (y) an amount calculated by
the Company and approved by each Rating Agency, which
amount shall not be less than $500,000.
Special Hazard Percentage: With respect to each
Mortgage Pool and as of each anniversary of the Cut-off
Date, the greater of (i) 1.00% and (ii) the largest
percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans in such
Mortgage Pool secured by Mortgaged Properties located in a
single, five-digit zip code area in the State of California
by (y) the outstanding principal balance of all the
Mortgage Loans in such Mortgage Pool as of the immediately
preceding Distribution Date.
Special Hazard Termination Date: With respect to
each Mortgage Pool, the Distribution Date upon which the
Special Hazard Loss Amount for such Mortgage Pool has been
reduced to zero or a negative number (or the related
Cross-Over Date, if earlier).
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.
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Subordinate Certificate Writedown Amount: As to
any Distribution Date, first, in the case of the Pool 1
Certificates, any amount distributed to the Class 1-PO
Certificates on such Distribution Date pursuant to Section
4.01(a)(iv), and in the case of the Pool 2 Certificates,
any amount distributed to the Class 2-PO Certificates on
such Distribution Date pursuant to Section 4.01(b)(iv), and
second, after giving effect to the application of the
applicable portion of clause first above, the amount by
which (i) the sum of the Class Certificate Principal
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%, in the case of Pool 1, and 6.50%, in
the case of Pool 2.
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 (other than the Class 1-A5
Certificates) or any TAC Component, the balance designated
as such for such Distribution Date and such Class or
Component as set forth in the Principal Balance Schedules.
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TAC Balance No. 1: As to any Distribution Date and the
Class 1-A5 Certificates, the balance designated as such for
such Distribution Date, as set forth in the Principal
Balance Schedules.
TAC Balance No. 2: As to any Distribution Date
and the Class 1-A5 Certificates, the balance designated as
such for such Distribution Date, as set forth in the
Principal Balance Schedules.
TAC Certificate: Any Class 1-A5 or Class 2-A3
Certificate.
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 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,
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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.
Upper Tier REMIC: One of the two separate REMICs
comprising the Pool 1 Trust Fund, the assets of which
consist of the Lower Tier Interests.
Voluntary Principal Prepayment: With respect to
any Distribution Date, any prepayment of principal received
from the related Mortgagor on a Mortgage Loan.
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 in
proportion to their aggregate Class Certificate Principal
Balances or Notional Principal Balances, as the case may be
(and among the Certificates of each such Class in
proportion to their Certificate Principal Balances or
Notional 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).
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.
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(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, 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) 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;
(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;
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(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.
(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
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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
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
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Mortgage Loan by the Company or any valid assertion that any
Person other than the Trustee has title to or any rights in such
Mortgage Loan. In the event that the Company fails or refuses to
record or file the assignment of Mortgages or UCC-3 financing
statement in the circumstances provided above, the Trustee shall
record or cause to be recorded or filed such assignment or UCC-3
financing statement at the expense of the Company. In connection
with any such recording or filing, the Company shall furnish such
documents as may be reasonably necessary to accomplish such
recording or filing. Notwithstanding the foregoing, at any time
the Company may record or file, or cause to be recorded or filed,
the assignments of Mortgages or UCC-3 financing statement at the
expense of the Company.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt 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 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
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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;
(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;
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(iv) As of the date of the initial issuance of
the Certificates, no payment of principal of or
interest on or in respect of any Mortgage Loan is 30
or more days past due and none of the Mortgage Loans
have been past due 30 or more days more than once
during the preceding 12 months;
(v) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative
Loans, there is no mechanics' lien or claim for work,
labor or material affecting the premises subject to
any Mortgage which is or may be a lien prior to, or
equal or coordinate with, the lien of such Mortgage
except those which are insured against by the title
insurance policy referred to in (x) below;
(vi) As of the date of the initial issuance of
the Certificates, other than with respect to
Cooperative Loans, there is no delinquent tax or
assessment lien against the property subject to any
Mortgage;
(vii) As of the date of the initial issuance of
the Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage,
including the obligation of the Mortgagor to pay the
unpaid principal and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of
the Certificates, the physical property subject to any
Mortgage (or in the case of a Cooperative Loan, the
related Cooperative Apartment) is free of material
damage and is in good repair;
(ix) Each Mortgage Loan at the time it was made
complied in all material respects with applicable
state and federal laws, including, without limitation,
usury, equal credit opportunity and disclosure laws;
(x) Other than with respect to Cooperative Loans,
a lender's title insurance policy or binder, or other
assurance of title insurance customary in the relevant
jurisdiction therefor was issued on the date of the
origination of each Mortgage Loan and each such policy
or binder is valid and remains in full force and
effect;
(xi) None of the Mortgage Loans constitute
Pledged Asset Mortgage Loans. The Loan-to-Value-Ratio
of each Mortgage Loan was not more than 95%. As of the
Cut-off Date, no more than 14.50% of the Mortgage
Loans in Pool 1 and no more than 5.00% 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
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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
6.375% per annum and not greater than 9.125% per
annum, in the case of Pool 1, and was not less than
6.125% per annum and not greater than 8.125% 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
9.50% of the Mortgage Loans in Pool 1 and no more than
14.00% of the Mortgage Loans in Pool 2, in each case
by Scheduled Principal Balance, had a Scheduled
Principal Balance of more than $500,000 and up to and
including $750,000; (ii) no more than 1.25% of the
Mortgage Loans in Pool 1 and no more than 5.75% 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) 0.75% of the Mortgage Loans in
Pool 1 and none of the Mortgage Loans in Pool 2 had a
Scheduled Principal Balance of more than $1,000,000;
(xv) As of the Cut-off Date, no more than 1.25%
of the Mortgage Loans in Pool 1 and no more than 1.50%
of the Mortgage Loans in Pool 2, in each case by
Scheduled Principal Balance, are secured by Mortgaged
Properties located in any one postal zip code area;
(xvi) As of the Cut-off Date, at least 97.00% of
the Mortgage Loans in Pool 1 and at least 96.00% 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 93% of
the Mortgage Loans in Pool 1 and at least 90.00% of
the Mortgage Loans in Pool 2, in each case by
Scheduled Principal Balance, are secured by one-family
detached residences;
(xviii) As of the Cut-off Date, no more than
2.25% 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
1.00% of the Mortgage Loans in Pool 2, in each case by
Scheduled Principal Balance, are secured by two- to
four-family residential properties. As to each
condominium or related Mortgage Loan, (a) the related
condominium is in a project that is on the FNMA or
FHLMC approved list, (b) the related
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condominium is in a project that, upon submission of
appropriate application, could be so approved by either
FNMA or FHLMC, (c) the related Mortgage Loan meets the
requirements for purchase by FNMA or FHLMC, (d) the
related Mortgage Loan is of the type that could be
approved for purchase by FNMA or FHLMC but for the
principal balance of the related Mortgage Loan or the
pre-sale requirements or (e) the related Mortgage Loan
has been approved by a nationally recognized mortgage
pool insurance company for coverage under a mortgage
pool insurance policy issued by such insurer. As of
the Cut-off Date, no more than 0.25% of the Mortgage
Loans in Pool 1 and no more than 0.50% 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 0.50%
of the Mortgage Loans in Pool 1 and none 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 $39,700 to
$1,300,000, and the original principal balances of the
Mortgage Loan in Pool 2 range from $42,000 to
$987,000;
(xxii) As of the Cut-off Date, no more than 2.25%
of the Mortgage Loans in Pool 1 and no more than 3.75%
of the Mortgage Loans in Pool 2, in each case by
Scheduled Principal Balance, are secured by second
homes, no more than 1.00% 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 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 0.75% 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 May 26, ,
1998, included in the registration statement on Form
S-3 (file no. 333-51151) 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
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Loans made in any disclosure document
delivered to prospective investors in the
Certificates, have been utilized in selecting the
Mortgage Loans from the Company's portfolio which
would be adverse to the interests of the
Certificateholders;
(xxv) Other than with respect to Cooperative
Loans, to the best of the Company's knowledge, at
origination no improvement located on or being part of
a Mortgaged Property was in violation of any
applicable zoning and subdivision laws and ordinances;
(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 no more than 0.25% 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
sociated with the related Cooperative Apartment; stock ownership
and leasehold rights as
(B) The lien created by the related Security Agreement
is a valid, enforceable and subsisting first priority security
interest in the related Cooperative Stock securing the related
Mortgage Note, subject only to (a) liens of the Cooperative for
unpaid assessments representing the Mortgagor's pro rata share of
the Cooperative's payments for its blanket mortgage, current and
future real property taxes, insurance premiums, maintenance fees
and other assessments to which like collateral is commonly
subject and (b) other matters to which like collateral is
commonly subject which do not materially interfere with the
benefits of the security intended to be provided by the Security
Agreement. There are no liens against or security interest in the
Cooperative Stock relating to such Cooperative Loan (except for
unpaid maintenance, assessments and other amounts owed to the
related Cooperative which individually or in the
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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 thereof
established at the time the mortgage loan that is the
subject of the refinancing was originated.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(ix) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA") or any state truth-in-lending or similar
statute, and the Trustee or 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
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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
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. The REMICs; Designations under the REMIC
Provisions: (a) For federal income tax purposes, the Pool 1 Trust
Fund shall consist of two REMICs, the Lower Tier REMIC and the
Upper Tier REMIC. The Pool 1 Certificates, other than the Class
1-RL
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Certificate, shall be issued be issued by the Upper Tier
REMIC, and the Class 1-RL Certificate shall be issued by the
Lower Tier REMIC. The Lower Tier REMIC shall be evidenced by the
Class 1-RL Certificate and the regular interests having the
characteristics and terms set forth in the following table, which
interests (other than the Class 1-RL Certificate) shall be issued
by the Lower Tier REMIC to the Trustee. The Lower Tier Interests
and the proceeds thereof shall be assets of the Upper Tier REMIC.
Principal of and interest on the Lower Tier Interests shall be
allocated to the Corresponding Classes of Certificates (or
Components) in the manner set forth in the following table.
Corresponding Class of
Certificates1
-----------------------------
Allocation Allocation
Lower-Tier Initial Lower Lower-Tier of of
Interest Tier Balance Interest Rate Principal Interests
-------- ------------ ------------- --------- ---------
1-A1 $100,043,000.00 6.75% 1-A1 (2)
1-A2 35,000,000.00 6.75 1-A2 (2)
1-A3 28,530,000.00 6.75 1-A3 (2)
1-A5 192,900,00.00 7.00 1-A5 1-A5
1-A6 23,050,000.00 7.00 1-A6 1-A6
1-A7 13,148,000.00 7.00 1-A7 1-A7
1-A8 1,140,000.00 7.00 1-A8 1-A8
1-A9 8,528,000.00 0.00 1-A9 N/A
1-A10 79,991,000.00 6.75 1-A10 1-A10
1-PO 634,122.96 0.00 1-PO N/A
1-M 9,307,000.00 6.75 1-M 1-M
1-B1 4,025,000.00 6.75 1-B1 1-B1
1-B2 2,264,000.00 6.75 1-B2 1-B2
1-B3 2,012,000.00 6.75 1-B3 1-B3
1-B4 1,006,000.00 6.75 1-B4 1-B4
1-B5 1,510,285.33 6.75 1-B5 1-B5
1-R 100.00 6.75 1-R 1-R
(i) The Lower Tier Interests shall be issued as
non-certificated interests. The Class 1-RL Certificate
shall be issued in fully registered certificated form
and shall be executed and countersigned as provided in
Section 5.01 hereof.
(ii) For purposes of further identifying the
terms of the Lower Tier Interests, distributions of
principal and interest on each Class of Lower Tier
- --------------
1 Unless otherwise indicated, the amount of interest and
principal allocable from a Lower Tier to its Corresponding
Class or Classes of Certificates on any Distribution Date
shall be 100%.
2 On each Distribution Date, the amont of interest accrued on
each of Lower Tier Interest 1-A1, 1-A2 and 1-A3 for the
preceding Interest Accrual Period shall be allocable as
follows: (i) an amont equal to the Accrued Certificate
Interst on the Class of Certificates with the corresponding
alpha-numerical designation shall be allocated to such
Class; (ii) the remaining portion of the interest accrued on
each such Lower Tier Interest shall be allocable to the
class 1-A4 Certificates.
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Interests shall be considered to correspond, in
timing and aggregate amount, to the distributions of
principal and interest, respectively, made under
Section 4.01 on the Corresponding Classes of
Certificates or Components, and allocations of losses
on each Class of Lower Tier Interests shall be
considered to correspond, in timing and aggregate
amount, to the allocations of losses made under
Section 4.03 on the Corresponding Classes of
Certificates or Components.
(iii) On each Distribution Date, in addition to
amounts otherwise distributable thereon pursuant to
Section 4.01, the Trustee shall distribute to the
holder of the Class 1-RL Certificate any amounts
(other than the amounts described in clauses (x) and
(y) of the definition of Pool 1 Available Funds)
remaining in the Lower Tier REMIC after all amounts
required to be applied pursuant to Section 2.05(a)(ii)
have been so applied. Any distributions pursuant to
this clause (d) shall not reduce the Class Certificate
Principal Balance of the Class 1-RL Certificate.
(b) (i) The Company hereby designates the Lower Tier
Interests identified in Section 2.05(a) above as "regular
interests," and the Class 1-RL Certificate as the single class of
"residual interests," in the Lower Tier REMIC for purposes of the
REMIC Provisions. The Company hereby designates the Classes of
Pool 1 Certificates identified in Section 5.01(b), other than the
related Residual Certificates, as "regular interests," and the
Class 1-R Certificate as the single class of "residual
interests," in the Upper Tier REMIC for purposes of the REMIC
Provisions.
(ii) 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.
(c) The Closing Date will be the "Startup Day" for each
REMIC established hereunder for purposes of the REMIC Provisions.
(d) 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.
(e) 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.
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(f) 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 REMICs
established hereunder.
(g) 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, as the case may be, cannot reasonably
allocate any expenses relating to the Mortgage Loans or this
Agreement to a particular Trust Fund, it shall allocate such
expenses between the two Trust Funds created hereunder in such
manner as it deems fair and reasonable under the circumstances,
which determination shall be conclusive and binding.
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 of each such REMIC shall be conducted so as
to qualify each of the Upper Tier and Lower Tier REMIC, in the
case of Pool 1, and the Pool 2 Trust Fund, in the case of Pool 2
(in each case, 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 of
the Upper Tier and Lower Tier REMIC, in the case of Pool 1, and
the Pool 2 Trust Fund, in the case of Pool 2, and the respective
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
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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(b) hereof on the federal tax return of
each Trust Fund for its first taxable year (and, if
necessary, under applicable state law);
(iv) prepare and forward, or cause to be prepared
and forwarded, to the Certificateholders and to the
Internal Revenue Service and, if necessary, state tax
authorities, all information returns or reports, or
furnish or cause to be furnished by telephone, mail,
publication or other appropriate method such
information, as and when required to be provided to
them in accordance with the REMIC Provisions,
including without limitation, the calculation of any
original issue discount using the 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) with respect to Pool 1, exercise
reasonable care not to allow the creation of any
"interests" (A) in the Upper Tier REMIC within the
meaning of section 860D(a)(2) of the Code in addition
to the interests represented by the Classes of
Certificates identified in Section 5.01(b) other than
the Class 1-RL Certificate, and (B) in the Lower Tier
REMIC within the meaning of Section
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860D(a)(2) of the Code in addition to the interests
represented by the Lower Tier Interests identified in
Section 2.05(a) and the Class 1-RL Certificate;
(ix) with respect to Pool 2, exercise reasonable
care not to allow the creation of any "interests" in
the REMIC constituted by the Pool 2 Trust Fund 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);
(x) 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 any REMIC established
hereunder to fail to qualify as a REMIC;
(xi) 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;
(xii) 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);
(xiii) 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
(xiv) 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
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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
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
or arrangement and the Company shall be obligated to the same
extent
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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
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);
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(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 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
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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
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 any of
the related REMICs established hereunder to fail to qualify as a
REMIC. The Trustee shall maintain physical possession of all
Permitted Investments, other than Permitted Investments
maintained in book-entry form. The Company, as servicer, shall be
entitled to retain for its own account any gain or other income
from Permitted Investments, and neither the Trustee nor
Certificateholders shall have any right or claim with respect to
such income. The Company shall deposit an amount equal to any
loss realized on any Permitted Investment as soon as any such
loss is realized. If the provisions in this subsection (e) become
operable, references in this Agreement to each Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to the related Eligible Accounts and 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
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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.
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;
(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
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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
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
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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
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
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"due-on-sale" clause applicable thereto, unless in the reasonable
discretion of the Company, such exercise would adversely affect
or jeopardize coverage under the related Primary Insurance
Policy, if any; provided, however, that if the Company is
prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant
to which such Person becomes liable under the Mortgage Note and
the Mortgagor remains liable thereon. In connection with any such
assumption and modification agreement, the Company shall apply
its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same extent as all
other documents and instruments constituting a part thereof. In
connection with any such agreement, the Mortgage Rate, mortgage
term and any other material term of such Mortgage Loan shall not
be changed. Any fee collected by the Company for entering into
any such agreement will be retained by the Company as additional
servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company shall not be deemed to
be in default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to 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,
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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 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 any of the related
REMICs established hereunder to fail to qualify as a REMIC at any
time 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
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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
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 (1) 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
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any such notification shall be kept confidential by the parties
to such agreement. The Company agrees to promptly notify the
Trustee upon entering into any such agreement. In addition, the
Company shall provide the Trustee with such information as may be
necessary for the Trustee to perform its obligations thereunder,
including written instructions, clearly identifying the source,
amount and application of funds to be deposited or withdrawn from
the Collateral Fund (as defined in such agreement). The Trustee
shall provide the Company with such information concerning
credits and debits to the Collateral Fund on account of income,
gains and losses realized from Collateral Fund Permitted
Investments (as defined in such agreement), and costs associated
with the purchase and sale thereof, as the Company may request in
order to prepare the instructions described in the preceding
sentence.
In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with the Person that is the Holder of 100% of the Class 1-B4
Certificates or the Class 2-B4 Certificates, provided that (i)
such Person is also the Holder of 100% of the Class B5
Certificates of the related Certificate Group, (ii) such Person
shall have no rights under such agreement until the date on which
the Class Certificate Principal Balance of the Class B5
Certificates of the related Certificate Group has been reduced to
zero, and (iii) any rights of such Person under such agreement
shall terminate in the event that such Person transfers, directly
or indirectly, the Class B4 Certificates of such Certificate
Group to any other Person.
Section 3.09. Trustee to Cooperate; Release of Mortgage
Files. Upon the payment in full of any Mortgage Loan, the Company
will immediately notify the Trustee by a certification (which
certification shall include a statement to 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
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the Trustee when the need therefor by the Company no longer
exists unless the Mortgage Loan shall be liquidated, in which
case, upon receipt of a certificate of a Servicing Officer
similar to that hereinabove specified, the receipt shall be
released by the Trustee to the Company.
Section 3.10. Servicing Compensation; Payment of Certain
Expenses by the Company. (a) As compensation for its activities
and obligations hereunder, the Company shall be entitled to
withhold and pay to itself out of each payment received by it on
account of interest on each Mortgage Loan (including the portion
of any Buydown Funds applied to the related Buydown Mortgage Loan
for the applicable period) an amount equal to the Servicing Fee.
The aggregate of the Servicing Fees payable to the Company on any
Distribution Date in respect of the Mortgage Loans in a Mortgage
Pool shall be reduced 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 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.
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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 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.
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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 Accrued
Certificate Interest on the Class 1-A6, Class 1-A7 and
Class 1-A8 Certificates for such Distribution Date
shall be applied in the manner provided in Section
4.01(f)(i); and provided further, 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 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 Unpaid
Class Interest shortfall for the Class 1-A6, Class
1-A7 and Class 1-A8 Certificates for such Distribution
Date shall be applied in the manner provided in
Section 4.01(f)(i); and provided further, 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 (other than the Class 1-A4 Certificates)
in reduction of the Class Certificate Principal
Balances thereof, concurrently as follows:
(A) to the Class 1-A10 Certificates, the
Pool 1 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 1 Group I Senior
Certificates, the Senior Optimal Principal Amount
in respect of Pool 1 for such Distribution Date,
as reduced by the Pool 1 Group II Senior
Principal Distribution Amount distributed
pursuant to clause (A) above on such Distribution
Date (such reduced amount, the "Pool 1 Group I
Senior Principal Distribution Amount"), in the
following order or priority:
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(1) concurrently, to the Class 1-A1 and
Class 1-A2 Certificates, 67.1401612949% and
32.8598387051%, respectively, of the Pool 1
Group I Senior Principal Distribution
Amount, up to the amount necessary to reduce
the respective Class Certificate Principal
Balance of each such Class to its respective
PAC Balance for such Distribution Date;
(2) concurrently, to the Class 1-A1 and
Class 1-A3 Certificates, 50% and 50%,
respectively, of the remaining Pool 1 Group
I Senior Principal Distribution Amount, up
to the amount necessary to reduce the
respective Class Certificate Principal
Balance of each such Class to its respective
PAC Balance for such Distribution Date;
(3) to the Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8 and Class 1-A9
Certificates, concurrently, as follows:
(a) to the Class 1-A9
Certificates, 3.5716978129% of the
remaining Pool 1 Group I Senior
Principal Distribution Amount, until
the Class Certificate Principal Balance
thereof has been reduced to zero; and
(b) to the Class 1-A5, Class 1-A6,
Class 1-A7 and Class 1-A8 Certificates,
96.4283021871% of the remaining Pool 1
Group I Senior Principal Distribution
Amount, in the following order of
priority:
(i) to the Class 1-A5
Certificates, up to the amount
necessary to reduce the Class
Certificate Principal Balance of
such Class to its TAC Balance No.
1 for such Distribution Date;
(ii) to the Class 1-A6
Certificates, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
(iii) to the Class 1-A5
Certificates, up to the amount
necessary to reduce the Class
Certificate Principal Balance of
such Class to its TAC Balance No.
2 for such Distribution Date; and
(iv) sequentially, to the
Class 1-A7, Class 1-A5 (without
regard to its TAC Balance No. 1 or
TAC Balance No. 2) and Class 1-A8
Certificates, in that order, until
the Class Certificate Principal
Balance of each such Class has
been reduced to zero, such that no
distribution pursuant to this
clause will be made to the Class
1-A5 Certificates until the Class
Certificate Principal Balance of
the Class 1-A7
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Certificates has been reduced to zero, and no
distribution pursuant to this clause will be
made to the Class 1-A8 Certificates until the
Class Certificate Principal Balance of the
Class 1-A5 Certificates has been reduced to
zero; and
(4) concurrently, to Class 1-A1 and
Class 1-A2 Certificates, 67.1401612949% and
32.8598387051%, respectively, of the
remaining Pool 1 Group I Senior Principal
Distribution Amount, in each case, without
regard to its respective PAC Balance, until
the Class Certificate Principal Balance of
the Class 1-A2 Certificates has been reduced
to zero;
(5) concurrently, to the Class 1-A1 and
Class 1-A3 Certificates, 50% and 50%,
respectively, of the remaining Pool 1 Group
I Senior Principal Distribution Amount, in
each case, without regard to its respective
PAC Balance, until the Class Certificate
Principal Balance of each such Class has
been reduced to zero; and
(6) to the Class 1-R and Class 1-RL
Certificates, in proportion to their
respective Class Certificate Principal
Balances, until the Class Certificate
Principal Balance of each such Class has
been reduced to zero; and
(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;
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(ix) to the Class 1-B1 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(x) to the Class 1-B1 Certificates, in reduction
of the Class Certificate Principal Balance thereof,
such Class's Allocable Share of the Junior Optimal
Principal Amount for the Pool 1 Certificates on such
Distribution Date;
(xi) to the Class 1-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xii) to the Class 1-B2 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xiii) to the Class 1-B2 Certificates, in
reduction of the Class Certificate Principal Balance
thereof, such Class's Allocable Share of the Junior
Optimal Principal Amount for the Pool 1 Certificates
on such Distribution Date;
(xiv) to the Class 1-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xv) to the Class 1-B3 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xvi) to the Class 1-B3 Certificates, in
reduction of the Class Certificate Principal Balance
thereof, such Class's Allocable Share of the Junior
Optimal Principal Amount for the Pool 1 Certificates
on such Distribution Date;
(xvii) to the Class 1-B4 Certificates, the
Accrued Certificate Interest thereon for such
Distribution Date;
(xviii) to the Class 1-B4 Certificates, any
Unpaid Class Interest Shortfall therefor on such
Distribution Date;
(xix) to the Class 1-B4 Certificates, in
reduction of the Class Certificate Principal Balance
thereof, such 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.
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Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(b) On each Distribution Date, the Trustee shall
withdraw the Available Funds in respect of Pool 2 from the 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 Accrued
Certificate Interest on the Class 2-A4 and Class 2-A5
Certificates for such Distribution Date shall be
applied in the manner provided in Section 4.01(f)(ii);
and provided further, 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 Unpaid
Class Interest Shortfall for the Class 2-A4 and Class
2-A5 Certificates for such Distribution Date shall be
applied in the manner provided in Section 4.01(f)(ii);
and provided further, 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) sequentially, to the Class 2-A6 and
Class 2-A7 Certificates, in that order, the Pool
2 Group II Senior Principal Distribution Amount
for such Distribution Date, until the Class
Certificate Principal Balance of each such Class
has been reduced to zero, such that no amount
shall be distributable to the Class 2-A7
Certificates pursuant to this clause until the
Class Certificate Principal Balance of the Class
2-A6 Certificates 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,
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the "Pool 2 Group I Senior Principal Distribution
Amount"), in the following order of priority:
(1) sequentially, to the Class 2-A1 and
Class 2-A2 Certificates, in that order, up
to the amount necessary to reduce the Class
Certificate Principal Balance of each such
Class to its respective PAC Balance for such
Distribution Date;
(2) to the Pool 2 TAC Segment, up to
the amount necessary to reduce the aggregate
Class Certificate Principal Balance of the
Pool 2 TAC Segment to its Pool 2 TAC Segment
Balance for such Distribution Date, in the
following order of priority:
(a) to the Class 2-A3 Certi-
ficates, up to the amount necessary to
reduce the Class Certificate Principal
Balance thereof to its TAC Balance for
such Distribution Date;
(b) to the Class 2-A4
Certificates, until the Class
Certificate Principal Balance thereof
has been reduced to zero; and
(c) to the Class 2-A3
Certificates, without regard to its TAC
Balance, until the Class Certificate
Principal Balance thereof has been
reduced to zero;
(3) to the Class 2-A5 Certificates,
until the Class Certificate Principal
Balance thereof has been reduced to zero;
(4) to the Pool 2 TAC Segment, without
regard to its Pool 2 TAC Segment Balance,
until the aggregate Class Certificate
Principal Balance thereof has been reduced
to zero, in the following order of priority;
(a) to the Class 2-A3 Certi-
ficates, up to the amount necessary to
reduce the Class Certificate Principal
Balance thereof to its TAC Balance for
such Distribution Date;
(b) to the Class 2-A4
Certificates, until the Class
Certificate Principal Balance thereof
has been reduced to zero; and
(c) to the Class 2-A3
Certificates, without regard to its TAC
Balance, until the Class Certificate
Principal Balance thereof has been
reduced to zero;
(5) sequentially, to the Class 2-A1 and
Class 2-A2 Certificates, in that order,
without regard to their respective PAC
Balances, until the Class Certificate
Principal Balance of each such Class has
been reduced to zero, such that no
distribution pursuant to this clause will be
made to
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the Class 2-A2 Certificates until
the Class Certificate Principal Balance of
the Class 2-A1 Certificates has been reduced
to zero; and
(6) to the Class 2-R Certificates,
until the Class Certificate Principal
Balance thereof has been reduced to zero;
and
(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;
(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;
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(xiv) to the Class 2-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xv) to the Class 2-B3 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xvi) to the Class 2-B3 Certificates, in
reduction of the Class Certificate Principal Balance
thereof, such Class's Allocable Share of the Junior
Optimal Principal Amount for the Pool 2 Certificates
on such Distribution Date;
(xvii) to the Class 2-B4 Certificates, the
Accrued Certificate Interest thereon for such
Distribution Date;
(xviii) to the Class 2-B4 Certificates, any
Unpaid Class Interest Shortfall therefor on such
Distribution Date;
(xix) to the Class 2-B4 Certificates, in
reduction of the Class Certificate Principal Balance
thereof, such Class's Allocable Share of the Junior
Optimal Principal Amount for the Pool 2 Certificates
on such Distribution Date;
(xx) to the Class 2-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xxi) to the Class 2-B5 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date; and
(xxii) to the Class 2-B5 Certificates, in
reduction of the Class Certificate Principal Balance
thereof, such Class's Allocable Share of the Junior
Optimal Principal Amount for the Pool 2 Certificates
on such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(c) On each Distribution Date, the Trustee shall
distribute to the holder of the Class 1-R Certificate, any
remaining amounts in the Upper Tier REMIC, and to the holder of
the Class 2-R Certificate, any remaining Available Funds in
respect of Pool 2, in each case, 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 Pool 1, in the case of the Class 1-R
Certificates, and Pool 2, in the case of the Class 2-R
Certificates, received by the Company in the calendar month
preceding the month of such Distribution Date and not distributed
on such Distribution Date to the holders of outstanding
Certificates of any other
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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) (i) On each Distribution Date through the related
Accretion Termination Date, amounts allocable to the Class 1-A6,
Class 1-A7 and Class 1-A8 Certificates pursuant to clauses (a)
(i) and (a) (ii) of this Section 4.01 shall not be distributable
to the Class 1-A6, Class 1-A7 and Class 1-A8 Certificates
pursuant to such clauses but shall instead be (i) added to the
respective Class Certificate Principal Balances thereof to the
extent of the Accrual Amount for the related Class for such
Distribution Date, and (ii) distributed to the following Classes
of Certificates, in reduction of the Class Certificate Principal
Balances thereof, before any distributions are made pursuant to
Section 4.01 (a) (iii), in the following order of priority:
first, to the Class 1-A5 Certificates, up to the
amount necessary to reduce the Class Certificate
Principal Balance of the Class 1-A5 Certificates to
its TAC Balance No. 1 for such Distribution Date;
second, to the Class 1-A6 Certificates, in
reduction of the Class Certificate Principal Balance
thereof, until the Class Certificate Principal Balance
thereof has been reduced to zero;
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third, to the Class 1-A5 Certificates, up to the
amount necessary to reduce the Class Certificate
Principal Balance of the Class 1-A5 Certificates to
its TAC Balance No. 2 for such Distribution Date; and
fourth, sequentially, to the Class 1-A7, Class
1-A5 (without regard to its TAC Balance No. 1 or TAC
Balance No. 2) and the Class 1-A8 Certificates, in
that order, until the Class Certificate Principal
Balance of each such Class has been reduced to zero,
such that no distribution pursuant to this clause will
be made to the Class 1-A5 Certificates until the Class
Certificate Principal Balance of the Class 1-A7
Certificates has been reduced to zero, and no
distribution pursuant to this clause will be made to
the Class 1-A8 Certificates until the Class
Certificate Principal Balance of the Class 1-A5
Certificates has been reduced to zero; and
(4) (ii) On each Distribution Date
through the related Accretion Termination
Date, amounts allocable to the Class 2-A4
and Class 2-A5 Certificates pursuant to
clauses (b) (i) and (b) (ii) of this Section
4.01 shall not be distributable to the Class
2-A4 and Class 2-A5 Certificates pursuant to
such clauses but shall instead be (i) added
to the respective Class Certificate
Principal Balances thereof to the extent of
the Accrual Amount for the related Class for
such Distribution Date, and (ii) distributed
to the following Classes of Certificates, in
reduction of the Class Certificate Principal
Balances thereof, before any distributions
are made pursuant to Section 4.01 (b) (iii),
in the following order of priority:
first, to the Pool 2 TAC Segment, up to the
amount necessary to reduce the aggregate Class
Certificate Principal Balance thereof to its Pool 2
TAC Segment Balance for such Distribution Date, in the
following order of priority:
(a) to the Class 2-A3 Certificates, up to
the amount necessary to reduce the Class
Certificate Principal Balance of such Class to
its TAC Balance for such Distribution Date;
(b) to the Class 2-A4 Certificates, until
the Class Certificate Principal Balance thereof
has been reduced to zero; and
(c) to the Class 2-A3 Certificates, without
regard to its TAC Balance, until the Class
Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 2-A5 Certificates, until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
third, to the Pool 2 TAC Segment, without regard
to its Pool 2 TAC Segment Balance, until the aggregate
Class Certificate Principal Balance thereof has been
reduced to zero, in the following order of priority:
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(a) to the Class 2-A3 Certificates, up to
the amount necessary to reduce the Class
Certificate Principal Balance of such Class to
its TAC Balance for such Distribution Date;
(b) to the Class 2-A4 Certificates, until
the Class Certificate Principal Balance thereof
has been reduced to zero; and
(c) to the Class 2-A3 Certificates, without
regard to its TAC Balance, until the Class
Certificate Principal Balance thereof has been
reduced to zero.
On each Distribution Date occurring after the related
Accretion Termination Date, amounts allocable to the Class 1-A6,
Class 1-A7, Class 1-A8, Class 2-A4 and Class 2-A5 Certificates
pursuant to clauses (a)(i) and (a)(ii), or clauses (b)(i) and
(b)(ii), as applicable, of this Section 4.01 shall be
distributable on such Distribution Date pursuant to such clauses
to Holders of the Class 1-A6, Class 1-A7, Class 1-A8, Class 2-A4
and Class 2-A5 Certificates, respectively, as Accrued Certificate
Interest.
(g) In the event that in any calendar month the Company
recovers an amount (an "Unanticipated Recovery") in respect of
principal of a Mortgage Loan which had previously been allocated
as a Realized Loss to any Class of Certificates pursuant to
Section 4.03, on the Distribution Date in the next 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)
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with respect to any other Class of Certificates, based on its pro
rata share (in proportion to the Class Certificate Principal
Balances thereof with respect to such Distribution Date) of the
applicable Non-PO Percentage of the principal portion of any such
Realized Loss previously allocated with respect to such Mortgage
Loan (or Loans); provided, however, that (i) the share of an
Unanticipated Recovery allocable to a Class PO Certificate with
respect to any Mortgage Loan (or Loans) shall be reduced by the
aggregate amount previously distributed to such Class on account
of the applicable Class PO Deferred Amount in respect of such
Mortgage Loan (or Loans) and (ii) the amount by which the
distributions to the Class PO Certificates have been so reduced
shall be distributed to the Classes of Certificates of the
related Certificate Group described in clause (ii) of the
preceding paragraph in the same proportion as described in such
clause (ii). For purposes of the preceding sentence, any Class PO
Deferred Amount distributed to a Class PO Certificate on previous
Distribution Dates shall be deemed to have been allocated in
respect of the Mortgage Loans as to which the applicable PO
Percentage of the principal portion of Realized Losses has
previously been allocated to such Class on a pro rata basis
(based on the amount of Realized Losses so allocated).
Section 4.02. Method of Distribution. (a) All distributions
with respect to each Class of Certificates on each Distribution
Date shall be made pro rata among the outstanding Certificates of
such Class, based on the Percentage Interest in such Class
represented by each Certificate. Payments to the
Certificateholders on each Distribution Date will be made by the
Trustee to the Certificateholders of record on the related Record
Date (other than as provided in Section 9.01 respecting the final
distribution) by check or money order mailed to a
Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to
the Trustee made not later than the applicable Record Date, by
wire transfer to a U.S. depository institution acceptable to the
Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry
Certificate shall be paid to the Depository, which shall credit
the amount of such distribution to the accounts of its Depository
Participants in accordance with its normal procedures. Each
Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to
each Financial Intermediary for which it acts as agent. Each
Financial Intermediary shall be responsible for disbursing funds
to the Certificate Owners that it represents. All such credits
and disbursements with respect to a Book-Entry Certificate are to
be made by the Depository and the Depository Participants in
accordance with the provisions of the applicable Certificates.
Neither the Trustee nor the Company shall have any responsibility
therefor except as otherwise provided by applicable law.
(c) The Trustee shall withhold or cause to be withheld
such amounts as it reasonably determines are required by the Code
(giving full effect to any exemptions from withholding and
related certifications required to be furnished by
Certificateholders or Certificate Owners and any reductions to
withholding by virtue of any bilateral tax treaties and any
applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the
amount required to be withheld for a distribution can be made
within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such
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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;
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
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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;
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
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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 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").
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(h) Any allocation of a Realized Loss to a Class of
Pool 1 Certificates (or Component), or of any Subordinate
Certificate Writedown Amount to a Class of Subordinate
Certificates in Pool 1, pursuant to this Section 4.03 shall
effect a corresponding allocation thereof to the corresponding
Class of Lower Tier Interest and, in the case of the principal
portion of any such Realized Loss and any such Subordinate
Certificate Writedown Amount, a corresponding reduction in the
related Lower Tier Balance thereof
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine (i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date. If the Company so elects to
purchase any Defaulted Mortgage Loans (or is required to purchase
any Mortgage Loan pursuant to Section 2.02 or 2.03(a)), 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 (1) 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 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,
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(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 Class 1-A10
Percentage, the Pool 2 Group II Senior Percentage and
the Class 1-A10 Scheduled Distribution Percentage for
such Distribution Date;
(xii) The Senior Prepayment Percentage and Junior
Prepayment Percentage for each Certificate Group, the
Class 1-A10 Prepayment Distribution Percentage and the
Pool 2 Group II Senior Prepayment Distribution
Percentage for such Distribution Date; and
(xiii) The amount of such distribution to the
Certificateholders of each Class allocable to
Unanticipated Recoveries.
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
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
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
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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 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.
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(b) The Pool 1 Certificates and the Pool 2
Certificates shall be issued in aggregate Initial Certificate
Principal Balances of $503,088,608.29 and $151,098,842.19,
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 $100,043,000.00 6.65% $ 25,000
Class 1-A2 35,000,000.00 6.50 25,000
Class 1-A3 28,530,000.00 6.40 25,000
Class 1-A4 (1) 6.75 125,000
Class 1-A5 192,900,000.00 7.00 25,000
Class 1-A6 23,050,000.00 7.00 25,000
Class 1-A7 13,148,000.00 7.00 25,000
Class 1-A8 1,140,000.00 7.00 25,000
Class 1-A9 8,528,000.00 0.00 35,000
Class 1-A10 79,991,000.00 6.75 25,000
Class 1-PO 634,122.96 0.00 (2)
Class 1-M 9,307,000.00 6.75 100,000
Class 1-B1 4,025,000.00 6.75 100,000
Class 1-B2 2,264,000.00 6.75 100,000
Class 1-B3 2,012,000.00 6.75 250,000
Class 1-B4 1,006,000.00 6.75 250,000
Class 1-B5 1,510,285.33 6.75 250,000
Class 1-R 100.00 6.75 100
Class 1-RL 100.00 6.75 100
Pool 2
Class 2-A1 31,765,000.00 6.50 25,000
Class 2-A2 29,935,000.00 6.50 25,000
Class 2-A3 53,635,000.00 6.50 25,000
Class 2-A4 800,000.00 6.50 25,000
Class 2-A5 1,400,000.00 6.50 25,000
Class 2-A6 20,150,000.00 6.50 25,000
Class 2-A7 9,315,000.00 6.50 25,000
Class 2-PO 471,919.68 0.00 (2)
Class 2-M 1,360,000.00 6.50 100,000
Class 2-B1 755,000.00 6.50 100,000
Class 2-B2 378,000.00 6.50 100,000
Class 2-B3 604,000.00 6.50 250,000
Class 2-B4 227,000.00 6.50 227,000
Class 2-B5 302,822.51 6.50 250,000
Class 2-R 100.00 6.50 100
- -------------------
(1) The Class 1-A4 Certificates are issued with an initial
Notional Principal Balance of $4,257,748.00.
(2) 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
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
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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, Class 1-RL 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.
Subject to Sections 5.02(b) and 5.02(c), upon
surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Trustee shall execute, authenticate
and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of the same Class in
authorized denominations of a like Percentage Interest.
At the option of a Certificateholder, Certificates may
be exchanged for other Certificates of authorized denominations
of a like Class and Percentage Interest, upon surrender of the
Certificates to be exchanged at any such office or agency.
Whenever any Certificates are so surrendered for exchange the
Trustee shall execute, countersign and deliver the Certificates
which the Certificateholder making the exchange is entitled to
receive. Every Certificate presented or surrendered for
registration of transfer or exchange shall be accompanied by a
written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing.
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No service charge shall be made for any registration
of transfer or exchange of Certificates, but the Trustee may
require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any
transfer or exchange of Certificates.
All Certificates surrendered for registration of
transfer and exchange shall be canceled and subsequently
destroyed by the Trustee and a certificate of destruction shall
be delivered by the Trustee to the Company.
(b) No legal or beneficial interest in all or any
portion of the Residual Certificates may be transferred directly
or indirectly to (i) a Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
hereto, signed by the transferee, to the effect that the
transferee is not such a Disqualified Organization, an agent
(including a broker, nominee, or middleman) for any entity as to
which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign
Holder, which affidavit shall contain the consent of the
transferee to any such amendments of this Agreement as may be
required to further effectuate the foregoing restrictions on
transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
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
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that the transferee has the intention to impede the assessment or
collection of any federal, state or local taxes legally required
to be paid with respect to a Residual Certificate, and (iii)
conducted a reasonable investigation and found that the
transferee had historically paid its debts as they came due and
found no significant evidence to indicate that the transferee
will not continue to pay its debts as they become due. The
Residual Certificates shall bear a legend referring to the
foregoing restrictions contained in this paragraph and the
preceding paragraph.
Upon notice to the Company that any legal or
beneficial interest in any portion of the Residual Certificates
has been transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
such transferee shall be deemed to hold 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
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
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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
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
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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
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.
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(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
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
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such mutilated, destroyed, lost or stolen Certificate, a new
Certificate of like tenor, Class and Percentage Interest. In
connection with the issuance of any new Certificate under this
Section 5.03, the Trustee may require the payment of a sum
sufficient to cover any tax or other governmental charge that may
be imposed in relation thereto and any other expenses (including
the fees and expenses of the Trustee and the Certificate
Registrar) connected therewith. Any duplicate Certificate issued
pursuant to this Section 5.03 shall constitute complete and
indefeasible evidence of ownership in the 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.
Section 5.06. Representation of Certain Certificateholders.
The fiduciary of any Plan which becomes a Holder of a
Certificate, by virtue of its acceptance of such Certificate,
will be deemed to have represented and warranted to the Trustee
and the Company that such Plan is an "accredited investor" as
defined in Rule 501(a)(1) of Regulation D promulgated by the
Securities and Exchange Commission under the Securities Act of
1933.
Section 5.07. Determination of COFI. (a) If the outstanding
Certificates include any COFI Certificates, then on each COFI
Determination Date the Trustee shall determine the value of COFI
on the basis of the most recently available Information Bulletin
referred to in the
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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, (1) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
designated, an alternative index to be selected by the Company
that has performed, or that the Company expects to perform, in a
manner substantially similar to COFI. At the time an alternative
index is first selected by the Company, the Company shall
determine the average number of basis points, if any, by which
the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably determines to reflect
fairly the long-term difference between COFI and the alternative
index, and shall adjust the alternative index by such average.
The Company shall select a particular index as an alternative
only if it receives an Opinion of Counsel to the effect that the
selection of such index will not cause any REMIC established
hereunder to fail to qualify as a REMIC for federal income tax
purposes. In the absence of manifest error, the selection of any
alternative index as provided by this Section 5.07(b) shall be
final and binding for each subsequent Interest Accrual Period.
Upon the occurrence of an Alternative Rate Event, the Trustee
shall have no responsibility for the determination of any
alternative index or the calculation of the Certificate Interest
Rates for the COFI Certificates.
(c) If at any time after the occurrence of an
Alternative Rate Event the Federal Home Loan Bank of San
Francisco resumes publication of COFI, the Certificate Interest
Rates for the COFI Certificates for each Interest Accrual Period
commencing thereafter will be calculated by reference to COFI.
Section 5.08. Determination of LIBOR. (a) If the
outstanding Certificates include any LIBOR Certificates, then on
each LIBOR Determination Date the Trustee shall determine LIBOR
for the related Interest Accrual Period as such rate equal to the
Interest Settlement Rate. If such rate does not appear on the
Designated Telerate Page as of 11:00 a.m., London time, on the
applicable LIBOR Determination Date:
(i) The Trustee will request the principal London
office of each Reference Bank (as defined in Section
5.08(e)) to provide such bank's offered quotation
(expressed as a percentage per annum) to prime banks
in the London interbank market for one-month U.S.
Dollar deposits as of 11:00 a.m., London time, on the
applicable LIBOR Determination Date.
(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
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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.
(b) The establishment of LIBOR by the Trustee and the
Trustee's subsequent calculation of the Certificate Interest
Rates applicable to the LIBOR Certificates for the relevant
Interest Accrual Period, in the absence of manifest error, will
be final and binding.
(c) Within five Business Days of the Trustee's
calculation of the Certificate Interest Rates of the LIBOR
Certificates, the Trustee shall furnish to the Company by
telecopy (or by such other means as the Trustee and the Company
may agree from time to time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders
who inquire of it by telephone the Certificate Interest Rates of
the LIBOR Certificates for the current and immediately preceding
Interest Accrual Period.
(e) As used herein, "Reference Banks" shall mean no
more than four leading banks engaged in transactions in
Eurodollar deposits in the international Eurocurrency market (i)
with an established place of business in London, England, (ii)
whose quotations appear on the display designated "LIBO" on the
Reuters Monitor Money Rates Service (the "Reuters Screen LIBO
Page") on the applicable LIBOR Determination Date and (iii) which
have been designated as such by the Trustee and are able and
willing to provide such quotations to the Trustee on each LIBOR
Determination Date. The Reference Banks initially shall be:
Barclay's plc, Bank of Tokyo, National Westminster Bank and Trust
Company and Bankers Trust Company. If any of the initial
Reference Banks should be removed from the Reuters Screen LIBO
Page or in any other way fail to meet the qualifications of a
Reference Bank, or if such page is no longer published, the
Trustee, after consultation with the Company, shall use its best
efforts to designate alternate Reference Banks.
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ARTICLE VI.
THE COMPANY
Section 6.01. Liability of the Company. The Company shall
be liable in accordance herewith only to the extent of the
obligations specifically imposed upon and undertaken by the
Company herein.
Section 6.02. Merger or Consolidation of, or Assumption of
the Obligations of, the Company. Any corporation into which the
Company may be merged or consolidated, or any corporation
resulting from any merger, conversion or consolidation to which
the Company shall be a party, or any corporation succeeding to
the business of the Company, or any corporation, more than 50% of
the voting stock of which is, directly or indirectly, owned by
General Electric Company, or any limited partnership, the sole
general partner of which is either the Company or a corporation,
more than 50% of the voting stock of which is owned, directly or
indirectly, by General Electric Company, which executes an
agreement of assumption to perform every obligation of the
Company hereunder, shall be the successor of the Company
hereunder, without the execution or filing of any paper or any
further act on the part of any of the parties hereto, anything
herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its rights
and delegate its duties and obligations as servicer under this
Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company and
Others. Neither the Company nor any of the directors or officers
or employees or agents of the Company shall be under any
liability to 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
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(except as any such loss, liability or expense
shall be otherwise reimbursable pursuant to this Agreement) and
any loss, liability or expense incurred by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties hereunder or by reason of reckless disregard of
obligations and duties hereunder. The Company shall be under no
obligation to appear in, prosecute or defend any legal action
which is not incidental to its duties to service the Mortgage
Loans in accordance with this Agreement and which in its opinion
may involve it in any expense or liability; provided, however,
that the Company may in its sole discretion undertake any such
action which it may deem necessary or desirable in respect of
this Agreement, and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder. In such
event, the legal expenses and costs of such action and any
liability resulting therefrom shall be expenses, costs and
liabilities of the 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%; 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 each
such Monthly Advance 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
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(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
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
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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 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.
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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
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,
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as to each such Class, Percentage Interests aggregating
not less than 25%, relating to the time, method and
place of conducting any proceeding for any remedy
available to the Trustee, or exercising any trust or
power conferred upon the Trustee, under this Agreement;
and
(iv) The Trustee shall not be charged with
knowledge of (A) any failure by the Company to comply
with the obligations of the Company referred to in
clauses (i) and (ii) of Section 7.01, (B) the rating
downgrade referred to in the definition of "Trigger
Event" or (C) any failure by the Company to comply
with the obligations of the Company to record the
assignments of Mortgages referred to in Section 2.01
unless a Responsible Officer of the Trustee at the
Corporate Trust Office obtains actual knowledge of
such failures, occurrence or downgrade or the Trustee
receives written notice of such failures, occurrence
or downgrade from the Company or the Holders of
Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%.
Subject to any obligation of the Trustee to make
Monthly Advances as provided herein, the Trustee shall not be
required to expend or risk its own funds or otherwise incur
financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if
there is reasonable ground for believing that the repayment of
such funds or adequate indemnity against such risk or liability
is not reasonably assured to it, and none of the provisions
contained in this Agreement shall in any event require the
Trustee to perform, or be responsible for the manner of
performance of, any of the obligations of the Company under this
Agreement, except during such time, if any, as the Trustee shall
be the successor to, and be vested with the rights, duties,
powers and privileges of, the Company in accordance with the
terms of this Agreement.
Section 8.02. Certain Matters Affecting the Trustee. Except
as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall
be protected in acting or refraining from acting upon
any resolution, Officer's Certificate, certificate of
auditors or any other certificate, statement,
instrument, opinion, report, notice, request, consent,
order, appraisal, bond or other paper or document
believed by it to be genuine and to have been signed
or presented by the proper party or parties;
(ii) The Trustee may consult with counsel and any
Opinion of Counsel shall be full and complete
authorization and protection in respect of any action
taken or suffered or 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
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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 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.
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Section 8.04. Trustee May Own Certificates. The Trustee in
its individual or any other capacity may become the owner or
pledgee of Certificates with the same rights as it would have if
it were not Trustee.
Section 8.05. The Company to Pay Trustee's Fees and
Expenses. The Company covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to,
reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an
express trust) for all services rendered by it in the execution
of the trusts hereby created and in the exercise and performance
of any of the powers and duties hereunder of the Trustee, and the
Company will pay or reimburse the Trustee upon its request for
all reasonable expenses, disbursements and advances (including
any Monthly Advances of the Trustee not previously reimbursed
thereto pursuant to Section 3.04) incurred or made by the Trustee
in accordance with any of the provisions of this Agreement
(including the reasonable compensation and the expenses and
disbursements of its counsel and of all persons not regularly in
its employ) except any such expense, disbursement or advance as
may arise from its negligence or bad faith or which is the
responsibility of Certificateholders hereunder. In addition, the
Company covenants and agrees to indemnify the Trustee from, and
hold it harmless against, any and all losses, liabilities,
damages, claims or expenses other than those resulting from the
negligence or bad faith of the Trustee. From time to time, the
Trustee may request that the Company debit each Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any related Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee. The
Trustee hereunder shall at all times be a corporation having its
principal office either in the State of New York or in the same
state as that in which the initial Trustee under this Agreement
has its principal office and organized and doing business under
the laws of such State or the United States of America,
authorized under such laws to exercise corporate trust powers,
having a combined capital and surplus of at least $50,000,000 and
subject to supervision or examination by federal or state
authority. If such corporation publishes reports of condition at
least annually, pursuant to law or to the requirements of the
aforesaid supervising or examining authority, then for the
purposes of this Section 8.06, the combined capital and surplus
of such corporation shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition
so published. The Trustee shall not be an affiliate of the
Company. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this 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
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accordance with the provisions of Section 8.06 and shall fail to
resign after written request therefor by the Company; (ii) the
Trustee shall be legally unable to act, or shall be adjudged a
bankrupt or insolvent, or a receiver of the Trustee or of its
property shall be appointed, or any public officer shall take
charge or control of the Trustee or of its property or affairs
for the purpose of rehabilitation, conservation or liquidation;
or (iii) the replacement of the Trustee with a successor Trustee
will enable the Company to avoid (and should, based on the
information included in the notice referred to below, result in
the avoidance of) a downgrading of the ratings assigned to the
Certificates by the Rating Agencies (whether or not other actions
could avoid such downgrading) and no Event of Default, as
provided by Section 7.01 hereof, shall have occurred or be
continuing; provided, however, that no action shall be taken
pursuant to this clause (iii) unless reasonable notice shall have
been provided to the Trustee, which notice shall set forth the
basis for any rating downgrade as contemplated by the Rating
Agencies and shall also indicate the manner in which such
proposed action is intended to avoid such downgrade. If it
removes the Trustee under the authority of the immediately
preceding sentence, the Company shall promptly appoint a
successor trustee by written instrument, in duplicate, one copy
of which instrument shall be delivered to the Trustee so removed
and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without any further
act, deed or conveyance, shall become fully vested with all the
rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related 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
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any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, without the
execution or filing of any paper or any further act on the part
of any of the parties hereto, anything herein to the contrary
notwithstanding.
Section 8.10. Appointment of Co-Trustee or Separate
Trustee. Notwithstanding any other provisions of this Agreement,
at any time, for the purpose of meeting any legal requirements of
any jurisdiction in which any part of 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;
(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
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Agreement and the conditions of this Article VIII. Each separate
trustee and co-trustee, upon its acceptance of the trusts
conferred, shall be vested with the estates or property specified
in its instrument of appointment, either jointly with the Trustee
or separately, as may be provided therein, subject to all the
provisions of this Agreement, specifically including every
provision of this Agreement relating to the conduct of, affecting
the liability of, or affording protection to, the Trustee. Every
such instrument shall be filed with the Trustee and a copy
thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent each of the Upper Tier REMIC and Lower Tier REMIC, in the
case of Pool 1, and the Pool 2 Trust Fund, in the case of Pool 2,
from failing to qualify as a REMIC and to prevent the imposition
of a tax on either Trust Fund or the related REMICs 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 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
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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
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 REMICs
established hereunder shall be terminated in accordance with the
following additional
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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 any such
REMIC as defined in section 860F of the Code, or (ii) cause the
Upper Tier REMIC or Lower Tier REMIC, in the case of Pool 1, or
the Pool 2 Trust Fund, in the case of Pool 2, to fail to qualify
as a REMIC at any time that any Certificates are outstanding:
(i) Within 90 days prior to the final
Distribution Date set forth in the notice given by the
Trustee under Section 9.01, the Company shall prepare
and the Trustee shall execute and adopt a plan of
complete liquidation for such REMIC or REMICs 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 of
the Upper Tier REMIC or Lower Tier REMIC, in the case of Pool 1,
or the Pool 2 Trust Fund, in the case of Pool 2, 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 of the Upper Tier REMIC or
Lower Tier REMIC, in the case of Pool 1, or the Pool 2 Trust
Fund, in the case of Pool 2, to fail to qualify as a REMIC at any
time that any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders
shall be subject to such reasonable requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. This Agreement is
subject to recordation in all appropriate public offices for real
property records in all the counties or other comparable
jurisdictions in which any or all of the properties subject to
the Mortgages are situated, and in any other appropriate public
recording office or elsewhere, such recordation to be effected by
the Company and at its expense on direction by the Trustee, but
only upon direction of the Trustee accompanied by an Opinion of
Counsel to the effect that such recordation materially and
beneficially affects the interests of Certificateholders.
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.
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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
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.
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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: 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 May, 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 May, 1998 before me, a notary public
in and for the Commonwealth of Massachusetts, personally appeared
____________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at ___________________
__________________________; that he/she is a(n)
__________________________________ of State Street Bank and Trust
Company, one of the parties that executed the foregoing
instrument; that he/she knows the seal of said Bank; that the
seal affixed to said instrument is such corporate seal; that it
was so affixed by order of the Board of Directors of said Bank;
and that he/she signed his/her name thereto by order of the Board
of Directors of said Bank.
__________________________
Notary Public
[Notarial Seal]
<PAGE>
EXHIBIT A
FORMS OF CERTIFICATES
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $100,043,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.65% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GDV7
June 25, 1998
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<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 May 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 June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
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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 1998-10, issued in thirty-four Classes,
nineteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and fifteen 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
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
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<PAGE>
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.
No transfer of any Class 1-R or Class 1-RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
5
<PAGE>
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 or Class 1-RL Certificate
or (y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class 1-R or Class 1-RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The 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.
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
6
<PAGE>
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 1998-10
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 $35,000,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GDW5
June 25, 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 May 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 June 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 1998-10
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 $28,530,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.40% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GDX3
June 25, 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 May 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 June 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 WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE NOTIONAL PRINCIPAL BALANCE HEREOF, WHICH IS EQUAL TO THE
CLASS CERTIFICATE PRINCIPAL BALANCES OF OTHER CLASSES OF
CERTIFICATES. ACCORDINGLY, THE NOTIONAL PRINCIPAL BALANCE OF THIS
CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL
PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE
CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED
HEREIN).
THIS CERTIFICATE 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 1998-10
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 Notional
Principal Balance:
Class 1-A4 $4,257,748
Certificate Interest Initial Notional Certificate
Principal Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GDY1
June 25, 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-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 May 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 June 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 1998-10
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 $192,900,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GDZ8
June 25, 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-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 May 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 June 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 1998-10
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-A6 Certificate
Principal Balance:
Class 1-A6 $23,050,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP: 36158GEA2
June 25, 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-A6 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 May 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 June 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).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
25
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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-A7 Certificate
Principal Balance:
Class 1-A7 $13,148,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEB0
June 25, 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-A7 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 May 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 June 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
27
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
28
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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-A8 Certificate
Principal Balance:
Class 1-A8 $1,140,000
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEC8
June 25, 1998
29
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A8 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 May 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 June 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
30
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
31
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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-A9 Certificate
Principal Balance:
Class 1-A9 $8,528,000
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GED6
June 25, 1998
32
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A9 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 May 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 June 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
33
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
34
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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-A10
Certificate
Principal Balance:
Class 1-A10 $79,991,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEE4
June 25, 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-A10 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 May 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 June 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
36
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE,
BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR BOOK-
ENTRY NOMINEES.
THE HOLDER OF THIS CLASS 1-R CERTIFICATE, BY ACCEPTANCE HEREOF,
IS DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT
AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE UPPER-
TIER REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER"
FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE
CODE, WITH RESPECT TO THE TRUST FUND.
37
<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 1998-10
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 $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEF1
June 25, 1998
38
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-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 May 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 June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
39
<PAGE>
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 1998-10, issued in thirty-four Classes,
nineteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and fifteen 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
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
40
<PAGE>
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.
No transfer of any Class 1-R or Class 1-RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
41
<PAGE>
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 or Class 1-RL Certificate
or (y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class 1-R or Class 1-RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The 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.
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
42
<PAGE>
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.
43
<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:___________________
44
<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.
45
<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 1-RL CERTIFICATE, BY ACCEPTANCE HEREOF,
IS DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT
AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE LOWER-
TIER REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER"
FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE
CODE, WITH RESPECT TO THE TRUST FUND.
46
<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 1998-10
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-RL Certificate
Principal Balance:
Class 1-RL $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEG9
June 25, 1998
47
<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-RL 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 May 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 June 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
48
<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).
49
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $634,122.96
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
May 1, 1998
First Distribution Date:
June 25, 1998
50
<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 May 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 June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
51
<PAGE>
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 1998-10, issued in thirty-four Classes,
nineteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and fifteen 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
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
52
<PAGE>
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.
No transfer of any Class 1-R or Class 1-RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
53
<PAGE>
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 or Class 1-RL Certificate
or (y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class 1-R or Class 1-RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The 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.
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
54
<PAGE>
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.
55
<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:___________________
56
<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.
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.
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.
58
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $9,307,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RGR0
June 25, 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-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 May 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 June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
60
<PAGE>
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 1998-10, issued in thirty-four Classes,
nineteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and fifteen 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
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
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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.
No transfer of any Class 1-R or Class 1-RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
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<PAGE>
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 or Class 1-RL Certificate
or (y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class 1-R or Class 1-RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The 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.
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
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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.
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<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>
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.
67
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $4,025,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RGS8
June 25, 1998
68
<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 May 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 June 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
69
<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.
70
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $2,264,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RGT6
June 25, 1998
71
<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 May 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 June 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
72
<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.
73
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $2,012,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RHH1
June 25, 1998
74
<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 May 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 June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
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<PAGE>
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 1998-10, issued in thirty-four Classes,
nineteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and fifteen 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
1 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 1
76
<PAGE>
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.
No transfer of any Class 1-R or Class 1-RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
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<PAGE>
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 or Class 1-RL Certificate
or (y) is an insurance company investing assets of its general
account and the Exemption applies to such transferee's
acquisition and holding of any such Class 1-R or Class 1-RL
Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The 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.
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
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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.
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<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:___________________
80
<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.
81
<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
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<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)
83
<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.
84
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $1,006,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RHJ7
June 25, 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 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 May 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 June 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>
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.
87
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $1,510,285.33
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RHK4
June 25, 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 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 May 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 June 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 1998-10
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 $31,765,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEH7
June 25, 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-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 May 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 June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
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<PAGE>
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 1998-10, issued in thirty-four Classes,
nineteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and fifteen 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
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
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<PAGE>
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.
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
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<PAGE>
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.
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
95
<PAGE>
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.
96
<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:___________________
97
<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.
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 1998-10
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 $29,935,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEJ3
June 25, 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-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 May 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 June 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 1998-10
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 $53,635,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEK0
June 25, 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-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 May 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 June 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 1998-10
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 $800,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEL8
June 25, 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-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 May 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 June 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 1998-10
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 $1,400,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEM6
June 25, 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-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 May 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 June 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 1998-10
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 $20,150,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEN4
June 25, 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-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 May 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 June 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 1998-10
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 $9,315,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEP9
June 25, 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-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 May 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 June 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).
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 2-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.
117
<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 1998-10
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: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36158GEQ7
June 25, 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-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 May 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 June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
119
<PAGE>
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 1998-10, issued in thirty-four Classes,
nineteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and fifteen 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
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
120
<PAGE>
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.
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
121
<PAGE>
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.
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
122
<PAGE>
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.
123
<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:___________________
124
<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.
125
<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).
126
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $471,919.68
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
May 1, 1998
First Distribution Date:
June 25, 1998
127
<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 May 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 June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
128
<PAGE>
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 1998-10, issued in thirty-four Classes,
nineteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and fifteen 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
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
129
<PAGE>
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.
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
130
<PAGE>
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.
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
131
<PAGE>
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.
132
<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:___________________
133
<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.
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<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.
135
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $1,360,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RHD0
June 25, 1998
136
<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 May 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 June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
137
<PAGE>
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 1998-10, issued in thirty-four Classes,
nineteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and fifteen 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
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
138
<PAGE>
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.
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
139
<PAGE>
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.
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
140
<PAGE>
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.
141
<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:___________________
142
<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.
143
<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.
144
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $755,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RHE8
June 25, 1998
145
<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 May 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 June 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
146
<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.
147
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $378,000
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RHF5
June 25, 1998
148
<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 May 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 June 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
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.
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.
150
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $604,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:3615RHL2
June 25, 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-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 May 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 June 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
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<PAGE>
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 1998-10, issued in thirty-four Classes,
eighteen classes of which represent the entire beneficial
interest in the Pool 1 Trust Fund (herein called the "Pool 1
Certificates") and fifteen 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
2 Certificateholders under the Agreement at any time by the
Company and the Trustee with the consent of the Pool 2
153
<PAGE>
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.
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
154
<PAGE>
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.
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
155
<PAGE>
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.
156
<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:__________________
157
<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.
158
<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
159
<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)
160
<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.
161
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $227,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RHM0
June 25, 1998
162
<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 May 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 June 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
163
<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.
164
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-10
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 $302,822.51
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
Cut-off Date:
May 1, 1998
First Distribution Date: CUSIP:36157RHN8
June 25, 1998
165
<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 May 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 June 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
166
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
POOL 1 PAC BALANCES TABLE
The PAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balances of the Pool 1 PAC Certificates set forth on the cover
hereof, and the other assumptions described in 'Pool 1 Yield and
Weighted Average Life Considerations--Weighted Average Lives of
the Pool 1 Certificates--Pool 1 PAC Certificates' in this Pool 1
Annex. If such Class Certificate Principal Balances are increased
or decreased in accordance with the variance permitted hereby,
the applicable balances set forth in the table below will be
increased or decreased substantially correspondingly. In such
event, the final Pool 1 PAC Balances Table will be calculated on
or about the Closing Date on the basis of such revised Class
Certificate Principal Balances and the actual characteristics of
the Pool 1 Mortgage Loans and on the basis of (1) the applicable
Structuring Range of the Pool 1 PAC Certificates and (2) the
assumptions set forth in clauses (i), (iv) through (viii),
(x) and (xi) of the Pool 1 Modeling Assumptions. The final Pool 1
PAC Balances Table will be set forth in the Agreement, which will
be filed as an exhibit to the Detailed Description.
Pool 1 PAC Balances
---------------------------------------------------
Distribution Date Class 1-A1 Class 1-A2 Class 1-A3
- ------------------- --------------- -------------- --------------
Initial Balance.... $100,043,000.00 $35,000,000.00 $28,530,000.00
June 1998.......... 100,043,000.00 35,000,000.00 28,530,000.00
July 1998.......... 100,043,000.00 35,000,000.00 28,530,000.00
August 1998........ 100,043,000.00 35,000,000.00 28,530,000.00
September 1998..... 100,043,000.00 35,000,000.00 28,530,000.00
October 1998....... 100,043,000.00 35,000,000.00 28,530,000.00
November 1998...... 100,043,000.00 35,000,000.00 28,530,000.00
December 1998...... 100,043,000.00 35,000,000.00 28,530,000.00
January 1999....... 100,043,000.00 35,000,000.00 28,530,000.00
February 1999...... 100,043,000.00 35,000,000.00 28,530,000.00
March 1999......... 100,043,000.00 35,000,000.00 28,530,000.00
April 1999......... 100,043,000.00 35,000,000.00 28,530,000.00
May 1999........... 99,052,413.87 34,515,185.84 28,530,000.00
June 1999.......... 98,006,910.11 34,003,493.82 28,530,000.00
July 1999.......... 96,906,908.25 33,465,129.26 28,530,000.00
August 1999........ 95,752,856.14 32,900,311.34 28,530,000.00
September 1999..... 94,545,229.66 32,309,272.97 28,530,000.00
October 1999....... 93,284,532.41 31,692,260.63 28,530,000.00
November 1999...... 91,971,295.39 31,049,534.19 28,530,000.00
December 1999...... 90,606,140.71 30,381,398.14 28,530,000.00
January 2000....... 89,189,682.42 29,688,152.99 28,530,000.00
February 2000...... 87,722,529.93 28,970,097.01 28,530,000.00
March 2000......... 86,205,386.47 28,227,574.38 28,530,000.00
April 2000......... 84,639,012.77 27,460,957.40 28,530,000.00
May 2000........... 83,024,181.21 26,670,624.12 28,530,000.00
June 2000.......... 81,361,706.45 25,856,973.22 28,530,000.00
July 2000.......... 79,652,943.15 25,020,667.71 28,530,000.00
August 2000........ 77,899,389.37 24,162,440.79 28,530,000.00
September 2000..... 76,103,486.94 23,283,487.52 28,530,000.00
October 2000....... 74,271,841.41 22,387,040.81 28,530,000.00
November 2000...... 72,435,024.74 21,488,063.23 28,530,000.00
December 2000...... 70,607,510.71 20,593,638.57 28,530,000.00
January 2001....... 68,789,252.05 19,703,743.68 28,530,000.00
February 2001...... 66,980,201.72 18,818,355.55 28,530,000.00
March 2001......... 65,180,312.96 17,937,451.28 28,530,000.00
April 2001......... 63,389,539.22 17,061,008.11 28,530,000.00
<PAGE>
Pool 1 PAC Balances
---------------------------------------------------
Distribution Date Class 1-A1 Class 1-A2 Class 1-A3
- ------------------- --------------- -------------- --------------
May 2001........... 61,607,834.21 16,189,003.36 28,530,000.00
June 2001.......... 59,835,151.90 15,321,414.52 28,530,000.00
July 2001.......... 58,071,446.47 14,458,219.15 28,530,000.00
August 2001........ 56,316,672.36 13,599,394.97 28,530,000.00
September 2001..... 54,570,784.25 12,744,919.79 28,530,000.00
October 2001....... 52,833,737.04 11,894,771.53 28,530,000.00
November 2001...... 51,105,485.90 11,048,928.26 28,530,000.00
December 2001...... 49,385,986.21 10,207,368.14 28,530,000.00
January 2002....... 47,675,193.60 9,370,069.44 28,530,000.00
February 2002...... 45,973,063.91 8,537,010.57 28,530,000.00
March 2002......... 44,279,553.24 7,708,170.03 28,530,000.00
April 2002......... 42,594,617.90 6,883,526.44 28,530,000.00
May 2002........... 40,918,214.46 6,063,058.55 28,530,000.00
June 2002.......... 39,250,299.68 5,246,745.19 28,530,000.00
July 2002.......... 37,590,830.58 4,434,565.33 28,530,000.00
August 2002........ 35,939,764.38 3,626,498.03 28,530,000.00
September 2002..... 34,297,058.55 2,822,522.47 28,530,000.00
October 2002....... 32,662,670.77 2,022,617.95 28,530,000.00
November 2002...... 31,036,558.96 1,226,763.85 28,530,000.00
December 2002...... 29,418,681.23 434,939.70 28,530,000.00
January 2003....... 27,993,060.53 0.00 27,993,060.53
February 2003...... 26,800,380.74 0.00 26,800,380.74
March 2003......... 25,613,740.40 0.00 25,613,740.40
April 2003......... 24,433,108.99 0.00 24,433,108.99
May 2003........... 23,258,456.15 0.00 23,258,456.15
June 2003.......... 22,267,971.94 0.00 22,267,971.94
July 2003.......... 21,283,423.63 0.00 21,283,423.63
August 2003........ 20,304,782.53 0.00 20,304,782.53
September 2003..... 19,332,020.11 0.00 19,332,020.11
October 2003....... 18,365,108.01 0.00 18,365,108.01
November 2003...... 17,404,018.02 0.00 17,404,018.02
December 2003...... 16,448,722.07 0.00 16,448,722.07
January 2004....... 15,499,192.29 0.00 15,499,192.29
February 2004...... 14,555,400.94 0.00 14,555,400.94
March 2004......... 13,617,320.44 0.00 13,617,320.44
April 2004......... 12,684,923.37 0.00 12,684,923.37
May 2004........... 11,758,182.45 0.00 11,758,182.45
June 2004.......... 10,923,727.39 0.00 10,923,727.39
July 2004.......... 10,118,056.52 0.00 10,118,056.52
August 2004........ 9,340,414.89 0.00 9,340,414.89
September 2004..... 8,590,065.74 0.00 8,590,065.74
October 2004....... 7,866,290.06 0.00 7,866,290.06
November 2004...... 7,168,386.20 0.00 7,168,386.20
December 2004...... 6,495,669.44 0.00 6,495,669.44
January 2005....... 5,847,471.63 0.00 5,847,471.63
February 2005...... 5,223,140.77 0.00 5,223,140.77
March 2005......... 4,622,040.65 0.00 4,622,040.65
April 2005......... 4,040,553.98 0.00 4,040,553.98
<PAGE>
Pool 1 PAC Balances
---------------------------------------------------
Distribution Date Class 1-A1 Class 1-A2 Class 1-A3
- ------------------- --------------- -------------- --------------
May 2005........... 3,474,189.04 0.00 3,474,189.04
June 2005.......... 3,167,324.57 0.00 3,167,324.57
July 2005.......... 2,868,933.48 0.00 2,868,933.48
August 2005........ 2,578,800.41 0.00 2,578,800.41
September 2005..... 2,296,715.22 0.00 2,296,715.22
October 2005....... 2,022,472.88 0.00 2,022,472.88
November 2005...... 1,755,873.35 0.00 1,755,873.35
December 2005...... 1,496,721.44 0.00 1,496,721.44
January 2006....... 1,244,826.74 0.00 1,244,826.74
February 2006...... 1,000,003.47 0.00 1,000,003.47
March 2006......... 762,070.36 0.00 762,070.36
April 2006......... 530,850.58 0.00 530,850.58
May 2006........... 306,171.63 0.00 306,171.63
June 2006.......... 273,589.51 0.00 273,589.51
July 2006.......... 242,430.20 0.00 242,430.20
August 2006........ 212,648.28 0.00 212,648.28
September 2006..... 184,199.56 0.00 184,199.56
October 2006....... 157,041.12 0.00 157,041.12
November 2006...... 131,131.25 0.00 131,131.25
December 2006...... 106,429.40 0.00 106,429.40
January 2007....... 82,896.20 0.00 82,896.20
February 2007...... 60,493.37 0.00 60,493.37
March 2007......... 39,183.72 0.00 39,183.72
April 2007......... 18,931.13 0.00 18,931.13
May 2007 and
thereafter........ 0.00 0.00 0.00
<PAGE>
POOL 1 TAC BALANCES TABLE
The TAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balance of the Pool 1 TAC Certificates set forth on the cover
hereof set forth in 'Description of the Certificates--Distribu-
tion on the Pool 1 Certificates--Interest' in this Pool 1 Annex,
and a constant prepayment rate of 125% of the Prepayment
Assumption in the case of TAC Balance No. 1 and 275% of the
Prepayment Assumption in the case of TAC Balance No. 2 (each, a
'TAC Prepayment Assumption'). If such Class Certificate Principal
Balance is increased or decreased in accordance with the variance
permitted hereby the applicable balances set forth in the table
below will be increased or decreased substantially
correspondingly. In such event, the final Pool 1 TAC Balances
Table will be calculated on or about the Closing Date on the
basis of such revised Class Certificate Principal Balance and the
actual characteristics of the Pool 1 Mortgage Loans and on the
basis of (1) the related Pool 1 TAC Prepayment Assumption and
(2) the assumptions set forth in clauses (i), (iv) through
(viii), (x) and (xi) of the Pool 1 Modeling Assumptions. The
final Pool 1 TAC Balances Table will be set forth in the
Agreement, which will be filed as an exhibit to the Detailed
Description.
TAC Balances
--------------------------------------
Class 1-A5 TAC Class 1-A5 TAC
Distribution Date Balance No. 1 Balance No. 2
- ------------------- ----------------- -----------------
Initial Balance.... $192,900,000.00 $192,900,000.00
June 1998.......... 192,112,753.25 192,112,753.25
July 1998.......... 191,221,224.61 191,221,224.61
August 1998........ 190,225,572.71 190,225,572.71
September 1998..... 189,126,022.24 189,126,022.24
October 1998....... 187,922,863.89 187,922,863.89
November 1998...... 186,616,507.73 186,616,507.73
December 1998...... 185,207,375.36 185,207,375.36
January 1999....... 183,695,954.11 183,695,954.11
February 1999...... 182,082,796.81 182,082,796.81
March 1999......... 180,368,521.48 180,368,521.48
April 1999......... 178,553,810.97 178,553,810.97
May 1999........... 178,062,115.94 178,062,115.94
June 1999.......... 177,550,418.01 177,550,418.01
July 1999.......... 177,018,988.94 177,018,988.94
August 1999........ 176,468,122.44 176,468,122.44
September 1999..... 175,898,133.85 175,898,133.85
October 1999....... 175,309,359.72 175,309,359.72
November 1999...... 174,702,157.50 174,702,157.50
December 1999...... 174,076,927.81 174,076,927.81
January 2000....... 173,434,078.50 172,284,664.40
February 2000...... 172,774,025.72 169,368,824.75
March 2000......... 172,097,228.60 166,361,989.10
April 2000......... 171,404,175.52 163,269,388.48
May 2000........... 170,695,367.31 160,096,385.16
June 2000.......... 169,971,327.70 156,848,537.34
July 2000.......... 169,232,777.21 153,532,775.65
August 2000........ 168,480,490.15 150,156,389.79
September 2000..... 167,715,573.28 146,728,907.78
October 2000....... 166,940,585.29 143,269,635.90
November 2000...... 166,166,432.28 139,854,215.82
December 2000...... 165,398,205.29 136,517,145.85
January 2001....... 164,635,830.12 133,257,089.08
February 2001...... 163,879,233.06 130,072,729.37
March 2001......... 163,128,340.85 126,962,771.05
April 2001......... 162,383,080.68 123,925,938.62
May 2001........... 161,643,380.19 120,960,976.42
<PAGE>
TAC Balances
--------------------------------------
Class 1-A5 TAC Class 1-A5 TAC
Distribution Date Balance No. 1 Balance No. 2
- ------------------- ----------------- -----------------
June 2001.......... 160,909,167.49 118,066,648.32
July 2001.......... 160,180,371.12 115,241,737.47
August 2001........ 159,456,920.05 112,485,045.96
September 2001..... 158,738,743.70 109,795,394.54
October 2001....... 158,025,771.92 107,171,622.37
November 2001...... 157,317,934.98 104,612,586.68
December 2001...... 156,615,163.59 102,117,162.56
January 2002....... 155,917,388.87 99,684,242.64
February 2002...... 155,224,542.35 97,312,736.85
March 2002......... 154,536,555.99 95,001,572.12
April 2002......... 153,853,362.14 92,749,692.18
May 2002........... 153,174,893.57 90,556,057.26
June 2002.......... 152,501,083.45 88,419,643.83
July 2002.......... 151,831,865.35 86,339,444.39
August 2002........ 151,167,173.21 84,314,467.21
September 2002..... 150,506,941.39 82,343,736.07
October 2002....... 149,851,104.64 80,426,290.06
November 2002...... 149,199,598.05 78,561,183.30
December 2002...... 148,552,357.15 76,747,484.76
January 2003....... 147,909,317.79 74,984,277.99
February 2003...... 147,270,416.23 73,270,660.94
March 2003......... 146,635,589.08 71,605,745.69
April 2003......... 146,004,773.32 69,988,658.29
May 2003........... 145,377,906.31 68,418,538.48
June 2003.......... 144,808,544.40 67,287,674.83
July 2003.......... 144,242,692.84 66,198,801.27
August 2003........ 143,680,290.04 65,151,108.83
September 2003..... 143,121,274.70 64,143,801.36
October 2003....... 142,565,585.91 63,176,095.34
November 2003...... 142,013,163.06 62,247,219.70
December 2003...... 141,463,945.91 61,356,415.63
January 2004....... 140,917,874.51 60,502,936.35
February 2004...... 140,374,889.27 59,686,046.99
March 2004......... 139,834,930.89 58,905,024.34
April 2004......... 139,297,940.41 58,159,156.71
May 2004........... 138,763,859.20 57,447,743.77
June 2004.......... 138,149,096.12 56,789,715.90
July 2004.......... 137,491,822.15 56,117,634.92
August 2004........ 136,793,384.64 55,432,256.20
September 2004..... 136,055,096.42 54,734,310.87
October 2004....... 135,278,236.68 54,024,506.42
November 2004...... 134,464,051.70 53,303,527.39
December 2004...... 133,613,755.67 52,572,035.95
January 2005....... 132,728,531.42 51,830,672.55
February 2005...... 131,809,531.20 51,080,056.44
March 2005......... 130,857,877.36 50,320,786.32
April 2005......... 129,880,441.96 49,559,219.75
May 2005........... 128,885,784.13 48,803,410.34
June 2005.......... 127,561,944.95 47,923,460.72
July 2005.......... 126,232,015.40 47,054,834.34
August 2005........ 124,896,314.23 46,197,435.89
<PAGE>
TAC Balances
--------------------------------------
Class 1-A5 TAC Class 1-A5 TAC
Distribution Date Balance No. 1 Balance No. 2
- ------------------- ----------------- -----------------
September 2005..... 123,555,150.63 45,351,168.20
October 2005....... 122,208,824.41 44,515,932.42
November 2005...... 120,857,626.28 43,691,628.08
December 2005...... 119,501,838.04 42,878,153.19
January 2006....... 118,141,732.83 42,075,404.36
February 2006...... 116,777,575.30 41,283,276.89
March 2006......... 115,409,621.85 40,501,664.85
April 2006......... 114,038,120.83 39,730,461.15
May 2006........... 112,663,312.73 38,969,557.70
June 2006.......... 111,076,730.80 38,162,277.34
July 2006.......... 109,494,710.35 37,367,079.66
August 2006........ 107,917,259.49 36,583,752.51
September 2006..... 106,344,384.25 35,812,086.39
October 2006....... 104,776,088.66 35,051,874.39
November 2006...... 103,212,374.79 34,302,912.21
December 2006...... 101,653,242.79 33,564,998.13
January 2007....... 100,098,690.98 32,837,932.96
February 2007...... 98,548,715.88 32,121,520.07
March 2007......... 97,003,312.28 31,415,565.32
April 2007......... 95,462,473.29 30,719,877.05
May 2007........... 93,925,612.76 30,033,688.48
June 2007.......... 92,496,426.34 29,578,887.50
July 2007.......... 91,071,541.69 29,127,894.45
August 2007........ 89,650,901.60 28,680,631.29
September 2007..... 88,234,449.07 28,237,021.04
October 2007....... 86,822,127.29 27,796,987.78
November 2007...... 85,413,879.65 27,360,456.65
December 2007...... 84,009,649.74 26,927,353.79
January 2008....... 82,609,381.31 26,497,606.36
February 2008...... 81,213,018.34 26,071,142.52
March 2008......... 79,820,504.96 25,647,891.38
April 2008......... 78,431,785.50 25,227,783.06
May 2008........... 77,046,804.48 24,810,748.57
June 2008.......... 75,665,506.57 24,396,719.89
July 2008.......... 74,287,836.66 23,985,629.91
August 2008........ 72,913,739.77 23,577,412.40
September 2008..... 71,543,161.13 23,172,002.06
October 2008....... 70,176,046.11 22,769,334.42
November 2008...... 68,812,340.27 22,369,345.90
December 2008...... 67,451,989.32 21,971,973.76
January 2009....... 66,094,939.15 21,577,156.07
February 2009...... 64,741,135.80 21,184,831.75
March 2009......... 63,390,525.47 20,794,940.52
April 2009......... 62,043,054.53 20,407,422.87
May 2009........... 60,698,669.49 20,022,220.10
June 2009.......... 59,357,317.02 19,639,274.27
July 2009.......... 58,018,943.94 19,258,528.19
August 2009........ 56,683,497.21 18,879,925.42
September 2009..... 55,350,923.96 18,503,410.24
October 2009....... 54,021,171.45 18,128,927.66
November 2009...... 52,694,187.07 17,756,423.40
<PAGE>
TAC Balances
--------------------------------------
Class 1-A5 TAC Class 1-A5 TAC
Distribution Date Balance No. 1 Balance No. 2
- ------------------- ----------------- -----------------
December 2009...... 51,369,918.38 17,385,843.87
January 2010....... 50,048,313.05 17,017,136.17
February 2010...... 48,729,318.91 16,650,248.08
March 2010......... 47,412,883.90 16,285,128.04
April 2010......... 46,098,956.11 15,921,725.12
May 2010........... 44,787,483.76 15,559,989.07
June 2010.......... 43,478,415.20 15,199,870.25
July 2010.......... 42,171,698.88 14,841,319.65
August 2010........ 40,867,283.41 13,922,608.46
September 2010..... 39,565,117.51 12,908,756.29
October 2010....... 38,265,150.00 11,906,922.53
November 2010...... 36,967,329.85 10,916,895.72
December 2010...... 35,671,606.12 9,938,467.47
January 2011....... 34,377,928.00 8,971,432.42
February 2011...... 33,086,244.78 8,015,588.23
March 2011......... 31,796,505.88 7,070,735.50
April 2011......... 30,508,660.80 6,136,677.73
May 2011........... 29,222,659.17 5,213,221.30
June 2011.......... 27,938,450.72 4,300,175.38
July 2011.......... 26,655,985.26 3,397,351.93
August 2011........ 25,375,212.73 2,504,565.63
September 2011..... 24,096,083.16 1,621,633.85
October 2011....... 22,818,546.66 748,376.62
November 2011...... 21,542,553.45 0.00
December 2011...... 20,268,053.84 0.00
January 2012....... 18,994,998.23 0.00
February 2012...... 17,723,337.11 0.00
March 2012......... 16,453,021.05 0.00
April 2012......... 15,184,000.71 0.00
May 2012........... 13,916,226.84 0.00
June 2012.......... 12,649,650.24 0.00
July 2012.......... 11,384,221.83 0.00
August 2012........ 10,119,892.59 0.00
September 2012..... 8,856,613.56 0.00
October 2012....... 7,594,335.88 0.00
November 2012...... 6,333,010.73 0.00
December 2012...... 5,072,589.40 0.00
January 2013....... 3,813,023.21 0.00
February 2013...... 2,554,263.57 0.00
March 2013......... 1,296,261.93 0.00
April 2013......... 38,969.83 0.00
May 2013 and
thereafter........ 0.00 0.00
<PAGE>
POOL 2 PAC BALANCES TABLE
The PAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balances of the Pool 2 PAC Certificates set forth on the cover
hereof, and the other assumptions described in 'Pool 2 Yield and
Weighted Average Life Considerations--Weighted Average Lives of
the Pool 2 Certificates--Pool 2 PAC Certificates' in this Pool 2
Annex. If such Class Certificate Principal Balances are increased
or decreased in accordance with the variance permitted hereby,
the applicable balances set forth in the table below will be
increased or decreased substantially correspondingly. In such
event, the final Pool 2 PAC Balances Table will be calculated on
or about the Closing Date on the basis of such revised Class
Certificate Principal Balances and on the basis of (1) the
applicable Structuring Range of the Pool 2 PAC Certificates,
(2) the actual characteristics of the Pool 2 Mortgage Loans and
(3) the assumptions set forth in clauses (i), (iv) through
(viii), (x) and (xi) of the Pool 2 Modeling Assumptions. The
final Pool 2 PAC Balances Table will be set forth in the
Agreement, which will be filed as an exhibit to the Detailed
Description.
Pool 2 PAC Balances
--------------------------------
Distribution Date Class 2-A1 Class 2-A2
- ------------------- -------------- --------------
Initial Balance.... $31,765,000.00 $29,935,000.00
June 1998.......... 31,765,000.00 29,935,000.00
July 1998.......... 31,765,000.00 29,935,000.00
August 1998........ 31,765,000.00 29,935,000.00
September 1998..... 31,765,000.00 29,935,000.00
October 1998....... 31,765,000.00 29,935,000.00
November 1998...... 31,765,000.00 29,935,000.00
December 1998...... 31,765,000.00 29,935,000.00
January 1999....... 31,765,000.00 29,935,000.00
February 1999...... 31,765,000.00 29,935,000.00
March 1999......... 31,765,000.00 29,935,000.00
April 1999......... 31,765,000.00 29,935,000.00
May 1999........... 31,765,000.00 29,935,000.00
June 1999.......... 31,765,000.00 29,935,000.00
July 1999.......... 31,765,000.00 29,935,000.00
August 1999........ 31,765,000.00 29,935,000.00
September 1999..... 31,765,000.00 29,935,000.00
October 1999....... 31,765,000.00 29,935,000.00
November 1999...... 30,913,697.09 29,935,000.00
December 1999...... 30,041,314.00 29,935,000.00
January 2000....... 29,148,311.29 29,935,000.00
February 2000...... 28,235,160.73 29,935,000.00
March 2000......... 27,302,344.95 29,935,000.00
April 2000......... 26,350,394.11 29,935,000.00
May 2000........... 25,379,842.80 29,935,000.00
June 2000.......... 24,391,241.56 29,935,000.00
July 2000.......... 23,385,379.92 29,935,000.00
August 2000........ 22,363,036.50 29,935,000.00
September 2000..... 21,325,409.78 29,935,000.00
October 2000....... 20,278,599.65 29,935,000.00
November 2000...... 19,233,548.80 29,935,000.00
December 2000...... 18,194,889.11 29,935,000.00
January 2001....... 17,162,595.64 29,935,000.00
February 2001...... 16,136,643.62 29,935,000.00
March 2001......... 15,117,008.48 29,935,000.00
April 2001......... 14,103,665.82 29,935,000.00
May 2001........... 13,096,591.40 29,935,000.00
June 2001.......... 12,095,761.16 29,935,000.00
<PAGE>
Pool 2 PAC Balances
--------------------------------
Distribution Date Class 2-A1 Class 2-A2
- ------------------- -------------- --------------
July 2001.......... 11,101,151.24 29,935,000.00
August 2001........ 10,112,737.90 29,935,000.00
September 2001..... 9,130,497.62 29,935,000.00
October 2001....... 8,154,407.04 29,935,000.00
November 2001...... 7,184,442.95 29,935,000.00
December 2001...... 6,220,582.33 29,935,000.00
January 2002....... 5,262,802.34 29,935,000.00
February 2002...... 4,311,080.28 29,935,000.00
March 2002......... 3,365,393.64 29,935,000.00
April 2002......... 2,425,720.07 29,935,000.00
May 2002........... 1,492,037.40 29,935,000.00
June 2002.......... 564,323.61 29,935,000.00
July 2002.......... 0.00 29,577,556.86
August 2002........ 0.00 28,661,715.47
September 2002..... 0.00 27,751,777.93
October 2002....... 0.00 26,847,722.88
November 2002...... 0.00 25,949,529.15
December 2002...... 0.00 25,057,175.72
January 2003....... 0.00 24,170,641.72
February 2003...... 0.00 23,289,906.47
March 2003......... 0.00 22,414,949.44
April 2003......... 0.00 21,545,750.26
May 2003........... 0.00 20,682,288.72
June 2003.......... 0.00 19,863,553.54
July 2003.......... 0.00 19,049,984.81
August 2003........ 0.00 18,241,559.83
September 2003..... 0.00 17,438,256.02
October 2003....... 0.00 16,649,229.79
November 2003...... 0.00 15,883,086.81
December 2003...... 0.00 15,139,310.24
January 2004....... 0.00 14,417,394.09
February 2004...... 0.00 13,716,843.00
March 2004......... 0.00 13,037,172.04
April 2004......... 0.00 12,377,906.47
May 2004........... 0.00 11,738,581.55
June 2004.......... 0.00 11,161,152.51
July 2004.......... 0.00 10,601,595.87
August 2004........ 0.00 10,059,488.49
September 2004..... 0.00 9,534,416.29
October 2004....... 0.00 9,025,974.10
November 2004...... 0.00 8,533,765.47
December 2004...... 0.00 8,057,402.49
January 2005....... 0.00 7,596,505.59
February 2005...... 0.00 7,150,703.41
March 2005......... 0.00 6,719,632.58
April 2005......... 0.00 6,302,937.62
May 2005........... 0.00 5,900,270.70
June 2005.......... 0.00 5,581,812.04
July 2005.......... 0.00 5,274,186.04
August 2005........ 0.00 4,977,110.82
September 2005..... 0.00 4,690,310.90
October 2005....... 0.00 4,413,517.17
<PAGE>
Pool 2 PAC Balances
--------------------------------
Distribution Date Class 2-A1 Class 2-A2
- ------------------- -------------- --------------
November 2005...... 0.00 4,146,466.67
December 2005...... 0.00 3,888,902.51
January 2006....... 0.00 3,640,573.70
February 2006...... 0.00 3,401,235.07
March 2006......... 0.00 3,170,647.08
April 2006......... 0.00 2,948,575.77
May 2006........... 0.00 2,734,792.60
June 2006.......... 0.00 2,584,073.37
July 2006.......... 0.00 2,438,635.13
August 2006........ 0.00 2,298,330.05
September 2006..... 0.00 2,163,013.90
October 2006....... 0.00 2,032,546.06
November 2006...... 0.00 1,906,789.36
December 2006...... 0.00 1,785,610.03
January 2007....... 0.00 1,668,877.63
February 2007...... 0.00 1,556,464.98
March 2007......... 0.00 1,448,248.06
April 2007......... 0.00 1,344,105.93
May 2007........... 0.00 1,243,920.70
June 2007.......... 0.00 1,187,580.62
July 2007.......... 0.00 1,132,624.02
August 2007........ 0.00 1,079,020.07
September 2007..... 0.00 1,026,738.56
October 2007....... 0.00 975,749.96
November 2007...... 0.00 926,025.33
December 2007...... 0.00 877,536.38
January 2008....... 0.00 830,255.39
February 2008...... 0.00 784,155.24
March 2008......... 0.00 739,264.80
April 2008......... 0.00 695,645.93
May 2008........... 0.00 653,251.79
June 2008.......... 0.00 612,264.31
July 2008.......... 0.00 572,308.82
August 2008........ 0.00 533,362.05
September 2008..... 0.00 495,401.20
October 2008....... 0.00 458,403.98
November 2008...... 0.00 422,348.55
December 2008...... 0.00 387,213.58
January 2009....... 0.00 352,978.15
February 2009...... 0.00 319,621.81
March 2009......... 0.00 287,124.55
April 2009......... 0.00 255,466.78
May 2009........... 0.00 224,629.35
June 2009.......... 0.00 194,593.49
July 2009.......... 0.00 165,340.86
August 2009........ 0.00 136,853.50
September 2009..... 0.00 109,113.84
October 2009....... 0.00 82,104.70
November 2009...... 0.00 55,809.25
December 2009...... 0.00 30,211.03
January 2010....... 0.00 5,293.94
February 2010 and
thereafter........ 0.00 0.00
<PAGE>
POOL 2 TAC BALANCES TABLE
The TAC Balances set forth in the table below were
calculated on the basis of the Class Certificate Principal
Balances of the Pool 2 TAC Certificates set forth on the cover
hereof set forth in 'Description of the
Certificates--Distribution on the Pool 1 Certificates--Interest'
in this Pool 2 Annex, and a constant prepayment rate of 250% of
the Prepayment Assumption (the 'TAC Prepayment Assumption'). If
such Class Certificate Principal Balance is increased or
decreased in accordance with the variance permitted hereby the
applicable balances set forth in the table below will be
increased or decreased substantially correspondingly. In such
event, the final Pool 2 TAC Balances Table will be calculated on
or about the Closing Date on the basis of such revised Class
Certificate Principal Balance and the actual characteristic of
the Pool 2 Mortgage Loans and on the basis of (1) the Pool 2 TAC
Prepayment Assumption and (2) the assumptions set forth in
clauses (i), (iv) through (viii), (x) and (xi) of the Pool 2
Modeling Assumptions. The final Pool 2 TAC Balances Table will be
set forth in the Agreement, which will be filed as an exhibit to
the Detailed Description.
TAC Balances
--------------
Class 2-A3 TAC
Distribution Date Balance
- ------------------- --------------
Initial Balance.... $53,635,000.00
June 1998.......... 53,179,875.28
July 1998.......... 52,694,065.46
August 1998........ 52,177,831.38
September 1998..... 51,631,453.81
October 1998....... 51,055,233.23
November 1998...... 50,449,489.64
December 1998...... 49,814,562.36
January 1999....... 49,150,809.74
February 1999...... 48,458,608.97
March 1999......... 47,738,355.70
April 1999......... 46,990,463.83
May 1999........... 46,215,365.12
June 1999.......... 45,413,508.88
July 1999.......... 44,585,361.58
August 1999........ 43,731,406.53
September 1999..... 42,852,143.38
October 1999....... 41,948,087.79
November 1999...... 41,871,073.88
December 1999...... 41,791,425.20
January 2000....... 41,709,242.11
February 2000...... 41,624,627.89
March 2000......... 41,537,688.58
April 2000......... 41,448,538.31
May 2000........... 41,357,292.76
June 2000.......... 41,264,070.75
July 2000.......... 41,169,026.87
August 2000........ 41,072,314.10
September 2000..... 40,974,146.84
October 2000....... 40,875,456.00
November 2000...... 40,777,867.77
December 2000...... 40,682,058.90
January 2001....... 40,588,013.76
February 2001...... 40,495,716.78
March 2001......... 40,405,152.54
April 2001......... 40,316,305.70
May 2001........... 40,229,161.07
June 2001.......... 40,143,703.52
<PAGE>
TAC Balances
--------------
Class 2-A3 TAC
Distribution Date Balance
- ------------------- --------------
July 2001.......... 40,059,918.07
August 2001........ 39,977,789.82
September 2001..... 39,897,303.99
October 2001....... 39,818,445.90
November 2001...... 39,741,200.98
December 2001...... 39,665,554.75
January 2002....... 39,591,492.86
February 2002...... 39,519,001.03
March 2002......... 39,448,065.11
April 2002......... 39,378,671.03
May 2002........... 39,310,804.85
June 2002.......... 39,244,452.68
July 2002.......... 39,179,600.79
August 2002........ 39,116,235.49
September 2002..... 39,054,343.23
October 2002....... 38,993,910.54
November 2002...... 38,934,924.05
December 2002...... 38,877,370.47
January 2003....... 38,821,236.63
February 2003...... 38,766,509.44
March 2003......... 38,713,175.89
April 2003......... 38,661,223.09
May 2003........... 38,610,638.23
June 2003.......... 38,567,455.77
July 2003.......... 38,525,522.83
August 2003........ 38,484,826.64
September 2003..... 38,445,354.52
October 2003....... 38,397,915.06
November 2003...... 38,333,867.77
December 2003...... 38,253,694.91
January 2004....... 38,157,868.10
February 2004...... 38,046,848.56
March 2004......... 37,921,087.29
April 2004......... 37,781,025.33
May 2004........... 37,627,093.91
June 2004.......... 37,430,903.88
July 2004.......... 37,222,599.49
August 2004........ 37,002,570.70
September 2004..... 36,771,198.61
October 2004....... 36,528,855.62
November 2004...... 36,275,905.62
December 2004...... 36,012,704.15
January 2005....... 35,739,598.61
February 2005...... 35,456,928.41
March 2005......... 35,165,025.12
April 2005......... 34,864,212.68
May 2005........... 34,554,807.51
June 2005.......... 34,190,734.65
July 2005.......... 33,820,662.43
August 2005........ 33,444,842.65
September 2005..... 33,063,520.82
<PAGE>
TAC Balances
--------------
Class 2-A3 TAC
Distribution Date Balance
- ------------------- --------------
October 2005....... 32,676,936.33
November 2005...... 32,285,322.53
December 2005...... 31,888,906.94
January 2006....... 31,487,911.31
February 2006...... 31,082,551.79
March 2006......... 30,673,039.00
April 2006......... 30,259,578.24
May 2006........... 29,842,369.52
June 2006.......... 29,387,371.40
July 2006.......... 28,930,996.15
August 2006........ 28,473,366.15
September 2006..... 28,014,600.34
October 2006....... 27,554,814.21
November 2006...... 27,094,119.94
December 2006...... 26,632,626.45
January 2007....... 26,170,439.47
February 2007...... 25,707,661.65
March 2007......... 25,244,392.62
April 2007......... 24,780,729.02
May 2007........... 24,316,764.64
June 2007.......... 23,829,803.26
July 2007.......... 23,344,470.53
August 2007........ 22,860,778.06
September 2007..... 22,378,736.92
October 2007....... 21,898,357.66
November 2007...... 21,419,650.28
December 2007...... 20,942,624.29
January 2008....... 20,467,288.70
February 2008...... 19,993,652.03
March 2008......... 19,522,723.30
April 2008......... 19,056,129.92
May 2008........... 18,593,567.27
June 2008.......... 18,138,853.54
July 2008.......... 17,685,819.03
August 2008........ 17,234,469.51
September 2008..... 16,784,810.33
October 2008....... 16,336,846.46
November 2008...... 15,890,582.47
December 2008...... 15,446,022.59
January 2009....... 15,003,170.65
February 2009...... 14,562,030.16
March 2009......... 14,122,604.27
April 2009......... 13,684,895.78
May 2009........... 13,248,907.19
June 2009.......... 12,814,640.66
July 2009.......... 12,382,098.03
August 2009........ 11,951,280.86
September 2009..... 11,522,190.39
October 2009....... 11,094,827.59
November 2009...... 10,669,193.13
December 2009...... 10,245,287.42
<PAGE>
TAC Balances
--------------
Class 2-A3 TAC
Distribution Date Balance
- ------------------- --------------
January 2010....... 9,823,110.59
February 2010...... 9,383,704.75
March 2010......... 8,941,383.30
April 2010......... 8,501,424.48
May 2010........... 8,064,662.08
June 2010.......... 7,630,226.06
July 2010.......... 7,198,101.00
August 2010........ 6,768,271.56
September 2010..... 6,340,722.47
October 2010....... 5,915,438.56
November 2010...... 5,492,404.73
December 2010...... 5,071,605.96
January 2011....... 4,653,027.31
February 2011...... 4,236,653.94
March 2011......... 3,822,471.06
April 2011......... 3,410,463.98
May 2011........... 3,000,618.07
June 2011.......... 2,592,918.79
July 2011.......... 2,187,351.69
August 2011........ 1,783,902.36
September 2011..... 1,382,556.50
October 2011....... 983,299.88
November 2011...... 586,118.33
December 2011...... 190,997.77
January 2012 and
thereafter........ 0.00
<PAGE>
POOL 2 TAC SEGMENT BALANCES TABLE
The Pool 2 TAC Segment Balances set forth in the table below
were calculated on the basis of the Class Certificate Principal
Balances of the Class 2-A3 and Class 2-A4 Certificates set forth
on the cover hereof, the Pool 2 TAC Segment Balances set forth
herein and the other assumptions described in 'Pool 2 Yield and
Weighted Average Life Considerations--Weighted Average Lives of
the Pool 2 Certificates' herein. If such Class Certificate
Principal Balances and Pool 2 TAC Segment Balances are increased
or decreased in accordance with the variance permitted hereby,
the applicable balances set forth in the table below will be
increased or decreased substantially correspondingly. In such
event, the final Pool 2 TAC Segment Balances Table will be
calculated on or about the Closing Date on the basis of such
revised Class Certificate Principal Balances and Pool 2 TAC
Segment Balances and the actual characteristics of the Pool 2
Mortgage Loans and on the basis of (i) the Pool 2 TAC Segment
Prepayment Assumption and (2) the assumptions set forth in
clauses (i), (iv) through (viii), (x) and (xi) of the Pool 2
Modeling Assumptions. The final Pool 2 TAC Segment Balances Table
will be set forth in the Agreement, which will be filed as an
exhibit to the Detailed Description.
Pool 2 TAC
Segment
Distribution Date Balance
- ------------------- --------------
Initial Balance.... $54,435,000.00
June 1998.......... 53,908,595.50
July 1998.......... 53,317,897.08
August 1998........ 52,663,455.05
September 1998..... 51,945,905.84
October 1998....... 51,165,971.34
November 1998...... 50,324,458.17
December 1998...... 49,422,256.65
January 1999....... 48,460,339.67
February 1999...... 47,439,761.34
March 1999......... 46,361,655.41
April 1999......... 45,227,233.59
May 1999........... 44,037,783.59
June 1999.......... 42,794,667.11
July 1999.......... 41,499,317.51
August 1999........ 40,153,237.40
September 1999..... 38,757,996.08
October 1999....... 37,315,226.76
November 1999...... 36,677,926.55
December 1999...... 36,017,624.92
January 2000....... 35,335,668.26
February 2000...... 34,633,443.22
March 2000......... 33,912,373.61
April 2000......... 33,173,970.70
May 2000........... 32,419,766.14
June 2000.......... 31,651,325.92
July 2000.......... 30,870,566.70
August 2000........ 30,079,381.82
September 2000..... 29,280,254.16
October 2000....... 28,482,614.54
November 2000...... 27,702,481.81
December 2000...... 26,946,323.72
January 2001....... 26,213,743.23
February 2001...... 25,504,349.11
March 2001......... 24,817,755.83
April 2001......... 24,153,583.49
May 2001........... 23,511,457.73
June 2001.......... 22,891,009.65
<PAGE>
Pool 2 TAC
Segment
Distribution Date Balance
- ------------------- --------------
July 2001.......... 22,291,875.78
August 2001........ 21,713,697.93
September 2001..... 21,156,123.17
October 2001....... 20,618,803.75
November 2001...... 20,101,397.00
December 2001...... 19,603,565.30
January 2002....... 19,124,975.96
February 2002...... 18,665,301.20
March 2002......... 18,224,218.05
April 2002......... 17,801,408.29
May 2002........... 17,396,558.40
June 2002.......... 17,009,359.45
July 2002.......... 16,639,507.10
August 2002........ 16,286,701.47
September 2002..... 15,950,647.14
October 2002....... 15,631,053.02
November 2002...... 15,327,632.35
December 2002...... 15,040,102.62
January 2003....... 14,768,185.47
February 2003...... 14,511,606.71
March 2003......... 14,270,096.19
April 2003......... 14,043,387.78
May 2003........... 13,831,219.30
June 2003.......... 13,696,354.43
July 2003.......... 13,574,405.72
August 2003........ 13,465,123.75
September 2003..... 13,368,262.80
October 2003....... 13,274,402.03
November 2003...... 13,174,675.02
December 2003...... 13,069,341.60
January 2004....... 12,958,654.35
February 2004...... 12,842,858.85
March 2004......... 12,722,193.79
April 2004......... 12,596,891.14
May 2004........... 12,467,176.33
June 2004.......... 12,320,830.53
July 2004.......... 12,170,971.94
August 2004........ 12,017,798.68
September 2004..... 11,861,503.03
October 2004....... 11,702,271.54
November 2004...... 11,540,285.22
December 2004...... 11,375,719.62
January 2005....... 11,208,744.96
February 2005...... 11,039,526.34
March 2005......... 10,868,223.77
April 2005......... 10,694,992.34
May 2005........... 10,519,982.36
June 2005.......... 10,324,123.38
July 2005.......... 10,127,765.04
August 2005........ 9,931,016.78
September 2005..... 9,733,984.14
October 2005....... 9,536,768.91
November 2005...... 9,339,469.17
December 2005...... 9,142,179.45
<PAGE>
Pool 2 TAC
Segment
Distribution Date Balance
- ------------------- --------------
January 2006....... 8,944,990.75
February 2006...... 8,747,990.72
March 2006......... 8,551,263.65
April 2006......... 8,354,890.66
May 2006........... 8,158,949.72
June 2006.......... 7,950,313.40
July 2006.......... 7,743,219.53
August 2006........ 7,537,699.17
September 2006..... 7,333,781.50
October 2006....... 7,131,493.94
November 2006...... 6,930,862.16
December 2006...... 6,731,910.16
January 2007....... 6,534,660.30
February 2007...... 6,339,133.39
March 2007......... 6,145,348.70
April 2007......... 5,953,324.02
May 2007........... 5,763,075.72
June 2007.......... 5,566,843.25
July 2007.......... 5,373,215.71
August 2007........ 5,182,162.42
September 2007..... 4,993,652.94
October 2007....... 4,807,657.02
November 2007...... 4,624,144.65
December 2007...... 4,443,086.01
January 2008....... 4,264,451.54
February 2008...... 4,088,211.87
March 2008......... 3,914,594.33
April 2008......... 3,743,981.05
May 2008........... 3,576,253.91
June 2008.......... 3,412,351.60
July 2008.......... 3,250,643.85
August 2008........ 3,091,103.38
September 2008..... 2,933,703.12
October 2008....... 2,778,416.23
November 2008...... 2,625,216.08
December 2008...... 2,474,076.25
January 2009....... 2,324,970.56
February 2009...... 2,177,873.03
March 2009......... 2,032,757.93
April 2009......... 1,889,599.70
May 2009........... 1,748,373.05
June 2009.......... 1,609,052.88
July 2009.......... 1,471,614.31
August 2009........ 1,336,032.69
September 2009..... 1,202,283.58
October 2009....... 1,070,342.76
November 2009...... 940,186.22
December 2009...... 811,790.17
January 2010....... 685,131.05
February 2010...... 541,227.73
March 2010......... 394,370.85
April 2010......... 249,816.36
May 2010........... 107,735.56
June 2010 and
thereafter........ 0.00
<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: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007658990 MORTGAGORS: LOVELL CHRIS
GROOMS KENNETH
REGION CODE ADDRESS : 1340 GREENWOOD AVENUE
01 CITY : CALISTOGA
STATE/ZIP : CA 94515
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,980.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 62.52600
----------------------------------------------------------------
0 0007660087 MORTGAGORS: CALDERON ESTEBAN
REGION CODE ADDRESS : 6310 RASPBERRY COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,209.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007662083 MORTGAGORS: JACKSON DAVID
BUTLER JACKSON JANE
REGION CODE ADDRESS : 202-208 34TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,523.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,054.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 56.70100
----------------------------------------------------------------
0 0007666837 MORTGAGORS: TRAN SON
NGUYEN QUYNH-ANH
REGION CODE ADDRESS : 27530 GLENWOOD DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,252.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,440.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007666894 MORTGAGORS: CAMPOS FERNANDO
CAMPOS MAGDALENA
REGION CODE ADDRESS : 5497 CRIMSON CIRCLE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,450.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.87600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,677,000.00
P & I AMT: 12,170.04
UPB AMT: 1,672,415.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007667017 MORTGAGORS: LEVIN MARSHALL
LEVIN ILISSA
REGION CODE ADDRESS : 44 MANDALAY
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,354.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 54.05400
----------------------------------------------------------------
0 0007667140 MORTGAGORS: SMITH STEFAN
SMITH LORI
REGION CODE ADDRESS : 3133 PAYNE RANCH ROAD
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,238.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 56.91000
----------------------------------------------------------------
0 0007667322 MORTGAGORS: GEBARA JOSEPH
GEBARA ROXANE
REGION CODE ADDRESS : 4 GETTYSBURG
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,598.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,431.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.95000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.95000 PRODUCT CODE : 002
LTV : 93.33300
----------------------------------------------------------------
0 0007667371 MORTGAGORS: GLICK MICHAEL
REGION CODE ADDRESS : 10361 AND 10363 LA GRANGE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,470.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 69.29500
----------------------------------------------------------------
0 0007667454 MORTGAGORS: VANDERZEE HENRY
VANDERZEE JANET
REGION CODE ADDRESS : 830 EL PINTADO ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,967.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,370.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 69.85200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,000.00
P & I AMT: 11,177.65
UPB AMT: 1,563,629.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670482 MORTGAGORS: GILBERT G.
GILBERT E.
REGION CODE ADDRESS : 322 CANTERWOOD LANE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 444,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,186.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,184.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.37500
----------------------------------------------------------------
0 0007670490 MORTGAGORS: NYE JOSEPH
NYE CHERYL
REGION CODE ADDRESS : 8607 WOODLAND HEIGHTS CT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22309
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,706.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.58200
----------------------------------------------------------------
0 0007670508 MORTGAGORS: GALLOWAY JAMES
REGION CODE ADDRESS : 26 HIDDEN GREEN LANE
01 CITY : ISLE OF PALMS
STATE/ZIP : SC 29451
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,705.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007670516 MORTGAGORS: HABIB DAVID
MANSIR-HABIB KATHY
REGION CODE ADDRESS : 531 FLANNERY PL
01 CITY : MT PLEASANT
STATE/ZIP : SC 29464
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,172.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007670524 MORTGAGORS: HORGER EDGAR
HORGER SHELLI
REGION CODE ADDRESS : 329 W RENOVAH CIR
01 CITY : WILMINGTON
STATE/ZIP : NC 28403
MORTGAGE AMOUNT : 382,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,101.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,608.65 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: 1,837,300.00
P & I AMT: 12,570.25
UPB AMT: 1,835,872.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670532 MORTGAGORS: FORMAN THOMAS
FORMAN CARIN
REGION CODE ADDRESS : 8712 HONEYBEE LN
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,312.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007670540 MORTGAGORS: SEALANDER JOHN
SEALANDER PAMELA
REGION CODE ADDRESS : RT 1 BOX 218
01 CITY : ORANGE
STATE/ZIP : VA 22960
MORTGAGE AMOUNT : 278,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,742.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0007670565 MORTGAGORS: BOHA STEVEN
BOHA DAVY
REGION CODE ADDRESS : 4613 BANTA RD
01 CITY : BARGERSVILLE
STATE/ZIP : IN 46106
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.11900
----------------------------------------------------------------
0 0007670581 MORTGAGORS: SZCZEPKOWSKI RICHARD
SZCZEPKOWSKI JACQUELINE
REGION CODE ADDRESS : 13 CORTLAND SHIRE DRIVE
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,257.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.93300
----------------------------------------------------------------
0 0007670599 MORTGAGORS: MCBRIDE JOHN
MCBRIDE LYNNE
REGION CODE ADDRESS : 2096 MISTY HOLLOW DRIVE
01 CITY : WALL
STATE/ZIP : NJ 07719
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,434,650.00
P & I AMT: 9,861.74
UPB AMT: 1,432,876.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670615 MORTGAGORS: CHASSE ROLAND
CHASSE CAROL
REGION CODE ADDRESS : 3 BLACKBERRY RIDGE RD
01 CITY : WILLISTON
STATE/ZIP : VT 05495
MORTGAGE AMOUNT : 322,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,939.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,408.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.73800
----------------------------------------------------------------
0 0007670623 MORTGAGORS: PETROPULOS PETER
PETROPULOS CARRIE
REGION CODE ADDRESS : 12476 S GREENLAND ACRES RD
01 CITY : LARKSPUR
STATE/ZIP : CO 80118
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,765.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007670789 MORTGAGORS: NEBEKER FRANK
NEBEKER LOUANA
REGION CODE ADDRESS : 3137 N PIEDMONT ST.
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 411,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,687.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,838.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.25600
----------------------------------------------------------------
0 0007670797 MORTGAGORS: MORRIS JOSEPH
MORRIS SANDRA
REGION CODE ADDRESS : 1007 TURNBERRY LANE
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.31300
----------------------------------------------------------------
0 0007670805 MORTGAGORS: RAY ROBERT
RAY BONNIE
REGION CODE ADDRESS : 3466 NAVIGATOR POINTE
01 CITY : KNOXVILLE
STATE/ZIP : TN 37922
MORTGAGE AMOUNT : 268,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,495.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,960,000.00
P & I AMT: 13,664.00
UPB AMT: 1,958,381.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670821 MORTGAGORS: GAVAGAN RICHARD
GAVAGAN MAUREEN
REGION CODE ADDRESS : 4106 EIDER DR
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 265,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,867.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0007670839 MORTGAGORS: VELA ARTEMIO
VELA CYNDI
REGION CODE ADDRESS : 7279 MOSS RIDGE RD
01 CITY : PARKER
STATE/ZIP : TX 75002
MORTGAGE AMOUNT : 237,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,455.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,581.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.95300
----------------------------------------------------------------
0 0007670847 MORTGAGORS: LARCH KENNETH
LARCH ANGELA
REGION CODE ADDRESS : 2010 GLEN MEADOW CT
01 CITY : RICHARDSON
STATE/ZIP : TX 75081
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,818.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007670854 MORTGAGORS: GIDDENS HAROLD
GIDDENS JILL
REGION CODE ADDRESS : 941 BLUE JAY LN
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 297,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,073.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,053.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0007670888 MORTGAGORS: SACK RICHARD
SACK SANDRA
REGION CODE ADDRESS : 2324 HEYSLER RD
01 CITY : TOLEDO
STATE/ZIP : OH 43617
MORTGAGE AMOUNT : 270,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,743.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.47400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,314,950.00
P & I AMT: 9,133.76
UPB AMT: 1,313,959.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670896 MORTGAGORS: MOULDER ROGER
MOULDER PATRICIA
REGION CODE ADDRESS : 691 SOUTHERN BELLE BLVD
01 CITY : BEAVERCREEK
STATE/ZIP : OH 45434
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,811.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007670904 MORTGAGORS: EDWARDS JOHN
EDWARDS LEE
REGION CODE ADDRESS : 20979 SHAKER BLVD
01 CITY : SHAKER HTS
STATE/ZIP : OH 44122
MORTGAGE AMOUNT : 329,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,249.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,275.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.41700
----------------------------------------------------------------
0 0007670912 MORTGAGORS: ROUSE MILO
ROUSE DEBORAH
REGION CODE ADDRESS : 2488 BRYDEN RD
01 CITY : COLUMBUS
STATE/ZIP : OH 43209
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.11900
----------------------------------------------------------------
0 0007670920 MORTGAGORS: SHANK J. CHRISTOPHER
SHANK CAROL
REGION CODE ADDRESS : 6520 COTTON CREEK CT.
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46278
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,748.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.83400
----------------------------------------------------------------
0 0007670946 MORTGAGORS: MAYS SCOTT
MAYS LAURA
REGION CODE ADDRESS : 1200 WIND FIELD CT
01 CITY : DAYTON
STATE/ZIP : OH 45458
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,792.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.15100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,500.00
P & I AMT: 10,227.28
UPB AMT: 1,462,412.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670961 MORTGAGORS: JOHNSON RICHARD
BOYER JOAN
REGION CODE ADDRESS : 13037 PORTSMOUTH
01 CITY : CARMEL
STATE/ZIP : IN 46032
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007670979 MORTGAGORS: GARSON REID
GARSON CAROLE
REGION CODE ADDRESS : 80 W JUNIPER
01 CITY : MORELAND HILLS
STATE/ZIP : OH 44022
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,624.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,166.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.08700
----------------------------------------------------------------
0 0007670995 MORTGAGORS: FERRANTE GERALD
FERRANTE SANDI
REGION CODE ADDRESS : 3 JOSHUA COURT
01 CITY : EDISON
STATE/ZIP : NJ 08820
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,838.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671001 MORTGAGORS: KRUSHINSKIE ALAN
KRUSHINSKIE SARAH
REGION CODE ADDRESS : 506 ANDREW STREET
01 CITY : GREENBROOK
STATE/ZIP : NJ 08812
MORTGAGE AMOUNT : 268,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,974.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 83.81200
----------------------------------------------------------------
0 0007671027 MORTGAGORS: STINE HENRY
REGION CODE ADDRESS : 2824 NE 35 ST
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33308
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,833.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.74 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: 1,468,200.00
P & I AMT: 10,133.74
UPB AMT: 1,467,078.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671035 MORTGAGORS: BROWN DENNIS
CONWAY DIANE
REGION CODE ADDRESS : 216 PROSPECT PLACE
01 CITY : RUTHERFORD
STATE/ZIP : NJ 07070
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,615.73 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 : 80.00000
----------------------------------------------------------------
0 0007671043 MORTGAGORS: BUONO ANTHONY
REGION CODE ADDRESS : 11 TIMMON'S HILL ROAD
01 CITY : MILLSTONE
STATE/ZIP : NJ 07726
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007671050 MORTGAGORS: THOMPSON DAVID
FREY VICKIE
REGION CODE ADDRESS : 2619 WOODHAVEN
01 CITY : OWENSBORO
STATE/ZIP : KY 42303
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,810.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.50100
----------------------------------------------------------------
0 0007671068 MORTGAGORS: HAMMERMAN STEVEN
HAMMERMAN WENDY
REGION CODE ADDRESS : 6414 AUDEN AVENUE
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 649,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,442.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,433.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0007671076 MORTGAGORS: PUCKETT JEFFREY
REGION CODE ADDRESS : 336 BOX OAK
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78230
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,675.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,634.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.71600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,800,950.00
P & I AMT: 12,205.37
UPB AMT: 1,799,349.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671084 MORTGAGORS: JAMPOLIS SAMUEL
JAMPOLIS BARBARA
REGION CODE ADDRESS : 3909 TRISHA VAL COURT
01 CITY : ARLINGTON
STATE/ZIP : TX 76016
MORTGAGE AMOUNT : 472,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,207.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,344.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.25500
----------------------------------------------------------------
0 0007671092 MORTGAGORS: HENDERSON JOSEPH
HENDERSON KAREN
REGION CODE ADDRESS : 7606 TIBURON TRAIL
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 284,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,472.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------
0 0007671118 MORTGAGORS: SOMMER STEVEN
SOMMER KIMBERLY
REGION CODE ADDRESS : 3403 MARYWOOD DR
01 CITY : SPRING
STATE/ZIP : TX 77388
MORTGAGE AMOUNT : 259,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.89200
----------------------------------------------------------------
0 0007671159 MORTGAGORS: SALZMAN SHEILA
REGION CODE ADDRESS : 10 YUMA COURT
01 CITY : OAKLAND
STATE/ZIP : NJ 07436
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,321.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.51200
----------------------------------------------------------------
0 0007671175 MORTGAGORS: DIXON CHARLES
DIXON IRENE
REGION CODE ADDRESS : 1111 COCKRELL COURT
01 CITY : MARIETTA
STATE/ZIP : GA 30064
MORTGAGE AMOUNT : 328,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,937.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,211.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,639,600.00
P & I AMT: 11,487.69
UPB AMT: 1,638,589.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671183 MORTGAGORS: LOWE EUGENE
LOWE MERI
REGION CODE ADDRESS : 1060 LIBERTY BLUFF COURT
01 CITY : GREENSBORO
STATE/ZIP : GA 30642
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,438.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,739.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 46.07100
----------------------------------------------------------------
0 0007671191 MORTGAGORS: ROWE SAMUEL
ROWE DOROTHY
REGION CODE ADDRESS : 3090 DEMOONEY ROAD
01 CITY : COLLEGE PARK
STATE/ZIP : GA 30349
MORTGAGE AMOUNT : 634,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 633,563.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.63600
----------------------------------------------------------------
0 0007671209 MORTGAGORS: DAHL ROBERT
REGION CODE ADDRESS : 9995 NATURE MILL RD
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.56200
----------------------------------------------------------------
0 0007671225 MORTGAGORS: STEELE WARREN
STEELE HAZEL
REGION CODE ADDRESS : 8497 NORTH SHORE DR
01 CITY : JONESBORO
STATE/ZIP : GA 30236
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,807.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007671241 MORTGAGORS: BURKHARDT STEPHAN
BURKHARDT ELAINE
REGION CODE ADDRESS : #6 GREENBRIAR LANE
01 CITY : ST. LOUIS
STATE/ZIP : MO 63124
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,594.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,547.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.81800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,128,000.00
P & I AMT: 14,859.06
UPB AMT: 2,126,131.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671258 MORTGAGORS: GILBERT LAWRENCE
GILBERT DEBORAH
REGION CODE ADDRESS : 1050 LINCOLN PLACE
01 CITY : TEANECK
STATE/ZIP : NJ 07666
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,837.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.49400
----------------------------------------------------------------
0 0007671266 MORTGAGORS: IVERSON ROBERT
IVERSON CENA
REGION CODE ADDRESS : 6104 NE LAUREL
01 CITY : LEE'S SUMMIT
STATE/ZIP : MO 64064
MORTGAGE AMOUNT : 289,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,424.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.22300
----------------------------------------------------------------
0 0007671274 MORTGAGORS: OTHEGUY JUAN
OTHEGUY VIVIAN
REGION CODE ADDRESS : 5225 ENCLAVE DR
01 CITY : OLDSMAR
STATE/ZIP : FL 34677
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,409.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,599.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.14200
----------------------------------------------------------------
0 0007671282 MORTGAGORS: CROSS WILLIAM
PEGGY TATUM
REGION CODE ADDRESS : 2336 BAESEL VIEW DRIVE
01 CITY : ORLANDO
STATE/ZIP : FL 32835
MORTGAGE AMOUNT : 277,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,216.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0007671290 MORTGAGORS: HILARY PETER
HILARY ERICA
REGION CODE ADDRESS : 13809 HIDDEN GLEN LN
01 CITY : N POTOMAC
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,208.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,547.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,668,600.00
P & I AMT: 11,593.84
UPB AMT: 1,667,096.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671308 MORTGAGORS: WATSON MARK
WATSON JULIE
REGION CODE ADDRESS : 5604 NORTHFIELD RD
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 265,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,882.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.69600
----------------------------------------------------------------
0 0007671316 MORTGAGORS: BENNET MICHAEL
BENNET CARESSA
REGION CODE ADDRESS : 7705 OLDCHESTER RD
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 542,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 541,597.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,789.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.87900
----------------------------------------------------------------
0 0007671373 MORTGAGORS: MACKSEY R. ALAN
MACKSEY BRIGIT
REGION CODE ADDRESS : 6 ROCKLAND VUE COURT
01 CITY : BALTIMORE
STATE/ZIP : MD 21204
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,615.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 78.41300
----------------------------------------------------------------
0 0007671381 MORTGAGORS: EHRENREICH ELLEN
EHRENREICH MARK
REGION CODE ADDRESS : 10219 SUNWAY TERRACE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,256.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.13200
----------------------------------------------------------------
0 0007671399 MORTGAGORS: TESI KENNETH
TESI MARGERET
REGION CODE ADDRESS : 1 STURBRIDGE COURT
01 CITY : BALDWIN
STATE/ZIP : MD 21013
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,802.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.11100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,780,600.00
P & I AMT: 11,931.97
UPB AMT: 1,779,155.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671407 MORTGAGORS: MENDIOLA RAUL
MENDIOLA KATHERINE
REGION CODE ADDRESS : 2244 CHESTNUT GROVE RD
01 CITY : SHARPSBURG
STATE/ZIP : MD 21782
MORTGAGE AMOUNT : 66,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 66,378.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 530.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 28.91300
----------------------------------------------------------------
0 0007671415 MORTGAGORS: LESMEZ DANIEL
HOPE CATHERINE
REGION CODE ADDRESS : 4508 NORTH 17TH STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,786.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.28500
----------------------------------------------------------------
0 0007671423 MORTGAGORS: PATRICK DENNIS
PATRICK CYNTHIA
REGION CODE ADDRESS : 9729 ROLLING RIDGE DR
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,747.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671431 MORTGAGORS: PUCKLI PAUL
PUCKLI PATRICIA
REGION CODE ADDRESS : 313 NICKELS DRIVE SW
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,819.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.77700
----------------------------------------------------------------
0 0007671456 MORTGAGORS: WARNDORF PAUL
LANGE MARY
REGION CODE ADDRESS : 16641 PALOMA CIRCLE
01 CITY : ROUND HILL
STATE/ZIP : VA 20241
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,784.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.64800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,168,500.00
P & I AMT: 8,042.23
UPB AMT: 1,167,515.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671472 MORTGAGORS: KRUSE THOMAS
KRUSE CHARLENE
REGION CODE ADDRESS : 6159 FIELDCREST DRIVE
01 CITY : FREDERICK
STATE/ZIP : MD 21701
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,016.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671480 MORTGAGORS: FARLEY ROBERT
BERAN DEBORAH
REGION CODE ADDRESS : 118 FREEBOARD DRIVE
01 CITY : MONETA
STATE/ZIP : VA 24121
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,824.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.98700
----------------------------------------------------------------
0 0007671514 MORTGAGORS: SCHIPPEREIT THAD
AYERS BARBARA
REGION CODE ADDRESS : 15 HILLSYDE COURT
01 CITY : COCKEYSVILLE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,660.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,080.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.33300
----------------------------------------------------------------
0 0007671522 MORTGAGORS: ROACH ROBERT
ANDRESS CAROL
REGION CODE ADDRESS : 5006 NEWPORT AVENUE
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,741.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.97400
----------------------------------------------------------------
0 0007671530 MORTGAGORS: STAVRAKAS DEMETRIOS
STAVRAKAS CHRISTINE
REGION CODE ADDRESS : 11001 ARROYO DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.74800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,200.00
P & I AMT: 10,452.57
UPB AMT: 1,533,996.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671548 MORTGAGORS: WITKIN GORDON
ETTINGER STACY
REGION CODE ADDRESS : 5516 MOHICAN ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,719.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.16300
----------------------------------------------------------------
0 0007671555 MORTGAGORS: DEWEY EDWARD
DEWEY JEANINE
REGION CODE ADDRESS : 2270 CROWS NEST LANE
01 CITY : RESTON
STATE/ZIP : VA 20191
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,951.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671563 MORTGAGORS: SHIELDS DANIEL
SHIELDS LISA
REGION CODE ADDRESS : 24 HIGHLAND AVENUE
01 CITY : MONMOUTH BEACH
STATE/ZIP : NJ 07750
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0007671571 MORTGAGORS: STAFIRA MICHAEL
PULLEY SARAH
REGION CODE ADDRESS : 65 BARCLAY LANE
01 CITY : STAFFORD
STATE/ZIP : VA 22554
MORTGAGE AMOUNT : 127,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,750.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 872.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0007671589 MORTGAGORS: JOSEPH JEFFREY
JOSEPH PAULA
REGION CODE ADDRESS : 15491 TURNBERRY DRIVE
01 CITY : HAYMARKET
STATE/ZIP : VA 20169
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,416.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.93 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: 1,407,050.00
P & I AMT: 9,615.49
UPB AMT: 1,405,661.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671613 MORTGAGORS: RUBIN HOWARD
RUBIN M
REGION CODE ADDRESS : 12 STONE MEADOW FARM DRIVE
01 CITY : SHREWSBURY
STATE/ZIP : MA 01545
MORTGAGE AMOUNT : 257,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,113.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.71000
----------------------------------------------------------------
0 0007671621 MORTGAGORS: GILMAN DIANA
GILMAN GARY
REGION CODE ADDRESS : 30 GLENVIEW STREET
01 CITY : UPTON
STATE/ZIP : MA 01568
MORTGAGE AMOUNT : 242,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,528.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0007671639 MORTGAGORS: DYSON DAVID
DYSON REBECCA
REGION CODE ADDRESS : LOT 33 WATERMAN ROAD
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 317,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,358.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671647 MORTGAGORS: KOEGEL JAMES
KOEGEL MARIE
REGION CODE ADDRESS : 174 76TH STREET
01 CITY : AVALON
STATE/ZIP : NJ 08202
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,732.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 40.17800
----------------------------------------------------------------
0 0007671654 MORTGAGORS: PIPER BETH
REGION CODE ADDRESS : 80 AUNT MOLLY ROAD
01 CITY : HOPEWELL
STATE/ZIP : NJ 08525
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,600.00
P & I AMT: 10,394.06
UPB AMT: 1,476,516.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671662 MORTGAGORS: STEFFENS DAVID
STEFFENS ALISON
REGION CODE ADDRESS : 22 ARVIDA DRIVE
01 CITY : PENNINGTON
STATE/ZIP : NJ 08534
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,727.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0007671670 MORTGAGORS: ROBERTSON JOHN
ROBERTSON MERI-BETH
REGION CODE ADDRESS : 29 OLD OAK DRIVE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,813.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.01400
----------------------------------------------------------------
0 0007671696 MORTGAGORS: AVERILL BLAKE
AVERILL NANCY
REGION CODE ADDRESS : 8 DEER TRAIL COURT
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 354,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,130.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671704 MORTGAGORS: HUFFMAN ANDREW
HUFFMAN JANICE
REGION CODE ADDRESS : 9722 FONDA DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,395.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671712 MORTGAGORS: CERRUTI PETER
CERRUTI KATHLEEN
REGION CODE ADDRESS : 3053 OLD BETHLEHEM PIKE
01 CITY : QUAKERTOWN
STATE/ZIP : PA 18951
MORTGAGE AMOUNT : 113,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,504.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 746.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,600.00
P & I AMT: 9,208.11
UPB AMT: 1,337,571.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671720 MORTGAGORS: MACHLIN RONA
MACHLIN CHARLES
REGION CODE ADDRESS : 45 VALLEY VIEW AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.68100
----------------------------------------------------------------
0 0007671746 MORTGAGORS: SIMMONS CHRISTOPHER
SIMMONS ANGELA
REGION CODE ADDRESS : 70 GRAYSON DRIVE
01 CITY : BELLE MEAD
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671753 MORTGAGORS: WILK-ENGEL ABBIE
REGION CODE ADDRESS : 534 POND VIEW DRIVE
01 CITY : JENKINTOWN
STATE/ZIP : PA 19046
MORTGAGE AMOUNT : 309,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,570.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.96700
----------------------------------------------------------------
0 0007671761 MORTGAGORS: AUST GERALD
AUST BELINDA
REGION CODE ADDRESS : 2614 POWDERMILL DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,667.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,503.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671779 MORTGAGORS: CHAPIN BARRY
CHAPIN CLAIRE
REGION CODE ADDRESS : 3 REED AVENUE
01 CITY : WESTBOROUGH
STATE/ZIP : MA 01581
MORTGAGE AMOUNT : 309,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,040.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,713,100.00
P & I AMT: 11,583.95
UPB AMT: 1,711,737.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671795 MORTGAGORS: COAKLEY ROBERT
COAKLEY LISA
REGION CODE ADDRESS : 1712 RUE MIRADOR
01 CITY : POINT PLEASANT
STATE/ZIP : NJ 08742
MORTGAGE AMOUNT : 311,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,674.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007671803 MORTGAGORS: CAPACI GERALD
REGION CODE ADDRESS : 3 COOKS CORNER
01 CITY : PLAINSBORO
STATE/ZIP : NJ 08536
MORTGAGE AMOUNT : 343,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,331.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.35300
----------------------------------------------------------------
0 0007671829 MORTGAGORS: KAVADIAS JERRY
KAVADIAS TARA
REGION CODE ADDRESS : 8931 FALLS FARM DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 301,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,320.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,082.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0007671837 MORTGAGORS: DAVIS CLARENCE
DAVIS CAROL
REGION CODE ADDRESS : 658 PORTABELLO LANE
01 CITY : MARIETTA
STATE/ZIP : GA 30068
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671845 MORTGAGORS: WEINREB NEIL
WEINREB ANINA
REGION CODE ADDRESS : 5919 FLINTSHIRE COURT
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 318,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,981.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.55000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,655,250.00
P & I AMT: 11,533.76
UPB AMT: 1,654,011.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671852 MORTGAGORS: MINAHAN WILLIAM
MINAHAN SHERRI
REGION CODE ADDRESS : 11325 110TH PLACE SOUTHWEST
01 CITY : VASHON
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,734.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671860 MORTGAGORS: GARLID KEITH
BRANNAN RANDI
REGION CODE ADDRESS : 1703 SOUTHWEST MONTGOMERY DRIVE
01 CITY : PORTLAND
STATE/ZIP : OR 97201
MORTGAGE AMOUNT : 376,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,334.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,698.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.74100
----------------------------------------------------------------
0 0007671878 MORTGAGORS: NESTLER JOHN
NESTLER MICHELLE
REGION CODE ADDRESS : 5800 THREE CHOPT RD
01 CITY : RICHMOND
STATE/ZIP : VA 23226
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,648.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.38000
----------------------------------------------------------------
0 0007671886 MORTGAGORS: EADES TIMOTHY
EADES MARGARET
REGION CODE ADDRESS : 389 S. KENILWORTH AVE.
01 CITY : ELMHURST
STATE/ZIP : IL 60126
MORTGAGE AMOUNT : 327,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,244.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,234.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.87800
----------------------------------------------------------------
0 0007671894 MORTGAGORS: ROBERTS ROBIN
ROBERTS ELIZABETH
REGION CODE ADDRESS : 2203 BELLE HAVEN ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22307
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,629.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,240.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,005,100.00
P & I AMT: 13,935.99
UPB AMT: 2,003,591.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671902 MORTGAGORS: GOMEZ RICHARD
KLEBE WAYNE
REGION CODE ADDRESS : 2918 NORTH PINE GROVE AVE. UNIT# 3
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,613.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007671910 MORTGAGORS: CLARK MARY
SADEWATER BRENT
REGION CODE ADDRESS : 608 RAVINE AVENUE
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 43.16500
----------------------------------------------------------------
0 0007671928 MORTGAGORS: WITHERS JOHN
WITHERS CAROLE
REGION CODE ADDRESS : 1073 EAST 3RD AVENUE
01 CITY : DURANGO
STATE/ZIP : CO 81301
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 : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007671936 MORTGAGORS: NISBET JON
NISBET FANNY
REGION CODE ADDRESS : 5161 N. CIRCULO SOBRIO
01 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,681.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007671951 MORTGAGORS: GAFFORD KENT
GAFFORD FAYE
REGION CODE ADDRESS : 87 PINECONE LANE
01 CITY : POLSON
STATE/ZIP : MT 59860
MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,258.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,275.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,960,300.00
P & I AMT: 13,477.53
UPB AMT: 1,958,792.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007671969 MORTGAGORS: HOGAN ROBERT
HOGAN JANE
REGION CODE ADDRESS : 13678 E COLUMBINE DR
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 353,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,237.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007671977 MORTGAGORS: DANSTROM RICHARD
COYLE COLLEEN
REGION CODE ADDRESS : 1093 SPRUCE STREET
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,789.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.74600
----------------------------------------------------------------
0 0007671985 MORTGAGORS: GOLDENBERG RICHARD
ZIPIN JANET
REGION CODE ADDRESS : 1464 BEACON STREET
01 CITY : WABAN
STATE/ZIP : MA 02135
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.88311
----------------------------------------------------------------
0 0007671993 MORTGAGORS: SLEASMAN WILLIAM
SLEASMAN JUDITH
REGION CODE ADDRESS : 6958 N. 83RD STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85250
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,822.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.29400
----------------------------------------------------------------
0 0007672017 MORTGAGORS: CASAS EDWARD
CASAS KRISTIN
REGION CODE ADDRESS : 138 ABINGDON AVENUE
01 CITY : KENILWORTH
STATE/ZIP : IL 60043
MORTGAGE AMOUNT : 648,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,531.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,586.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.05400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,812,500.00
P & I AMT: 12,705.32
UPB AMT: 1,811,161.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672025 MORTGAGORS: LOEWEN MITCHELL
LOEWEN SANDRA
REGION CODE ADDRESS : 785 TROTTERS RIDGE
01 CITY : EAGAN
STATE/ZIP : MN 55123
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,319.29 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 : 75.39600
----------------------------------------------------------------
0 0007672033 MORTGAGORS: GIBBONS DAVID
GIBBONS ROSANNA
REGION CODE ADDRESS : 1112 LOWER GLENCOE ROAD
01 CITY : SPARKS
STATE/ZIP : MD 21152
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.87200
----------------------------------------------------------------
0 0007672041 MORTGAGORS: GINN ROBERT
GINN ANITA
REGION CODE ADDRESS : 18603 SE 280TH ST
01 CITY : KENT
STATE/ZIP : WA 98042
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0007672066 MORTGAGORS: GIANNELLI FRANK
GIANNELLI LORI
REGION CODE ADDRESS : 1625 MUIRFIELD
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,230.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.06800
----------------------------------------------------------------
0 0007672074 MORTGAGORS: ONG RICHARD
ONG ROXANNE
REGION CODE ADDRESS : 14402 N. 14TH STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85022
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.69400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,000.00
P & I AMT: 9,073.65
UPB AMT: 1,286,480.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672082 MORTGAGORS: EASTWOOD ELIZABETH
FOLEY DOROTHY
REGION CODE ADDRESS : 7598 HOLLY BUSH WAY
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 309,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,270.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.35800
----------------------------------------------------------------
0 0007672090 MORTGAGORS: DRAB ROBERT
DRAB STEPHANIE
REGION CODE ADDRESS : 400 SOUTH STEELE STREET #65
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,639.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,927.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.96700
----------------------------------------------------------------
0 0007672108 MORTGAGORS: MOSER DAVID
MOSER SHEILA
REGION CODE ADDRESS : 29 SOUTH MONROE STREET
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,645.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,468.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.13400
----------------------------------------------------------------
0 0007672116 MORTGAGORS: POTTS CRAIG
POTTS LISA
REGION CODE ADDRESS : 1023 PALMETTO DUNES DRIVE
01 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,139.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007672140 MORTGAGORS: DENNISON WILLIAM
DENNISIN TARA
REGION CODE ADDRESS : 24 W DELAWARE AVENUE
01 CITY : PENNINGTON
STATE/ZIP : NJ 08534
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,790.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,877,900.00
P & I AMT: 13,045.02
UPB AMT: 1,876,484.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672157 MORTGAGORS: DIXON LYNN
DIXON VALERIE
REGION CODE ADDRESS : 909 SUFFOLK COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 514,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,658.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,550.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0007672173 MORTGAGORS: TUCKER BRIAN
TUCKER LORI
REGION CODE ADDRESS : 8480 E. CRESTHILL DRIVE
01 CITY : TUCSON
STATE/ZIP : AZ 85750
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007672199 MORTGAGORS: WARTMAN SEAN
BRADLEY MATTHEW
REGION CODE ADDRESS : 646 SPRING LANE
01 CITY : CINCINNATI
STATE/ZIP : OH 45245
MORTGAGE AMOUNT : 272,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,042.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007672215 MORTGAGORS: MILLER THOMAS
MILLER LINDA
REGION CODE ADDRESS : 981 WEST 156TH AVENUE
01 CITY : BROOMFIELD
STATE/ZIP : CO 80020
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007672231 MORTGAGORS: NEWLAND DALE
NEWLAND JO
REGION CODE ADDRESS : 5540 HILLTOP LANE
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 522,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 521,612.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,649.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.60000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,825,500.00
P & I AMT: 12,701.35
UPB AMT: 1,824,131.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672249 MORTGAGORS: ZARTMAN-SEABROOKE SHARON
ZARTMAN JAMIE
REGION CODE ADDRESS : 2329 MOUNTAIN OAK ROAD
01 CITY : PRESCOTT
STATE/ZIP : AZ 86301
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,388.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.75100
----------------------------------------------------------------
0 0007672256 MORTGAGORS: RICHARD PAUL
POWERS-RICHARD VIVIAN
REGION CODE ADDRESS : 2609 RADFORD
01 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60004
MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,213.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.83500
----------------------------------------------------------------
0 0007672280 MORTGAGORS: FLEISHMAN DEBRA
FLEISHMAN ROY
REGION CODE ADDRESS : 770 SW PEACH TREE LN
01 CITY : BOCA RATON
STATE/ZIP : FL 33486
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007672298 MORTGAGORS: FARRAND TIMOTHY
FARRAND DEBORAH
REGION CODE ADDRESS : 1315 DEER CREEK CHURCH RD
01 CITY : FOREST HILL
STATE/ZIP : MD 21050
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.59600
----------------------------------------------------------------
0 0007672306 MORTGAGORS: MERCIER MURRY
MERCIER MAUREEN
REGION CODE ADDRESS : 10 SEVEN SPRINGS CT
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,100.00
P & I AMT: 9,348.18
UPB AMT: 1,346,485.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672314 MORTGAGORS: BLINN THOMAS
BLINN ANGELA
REGION CODE ADDRESS : 10279 STABLEHAND DRIVE
01 CITY : CINCINNATI
STATE/ZIP : OH 45242
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0007672322 MORTGAGORS: SEIPLE CHRISTOPHER
SEIPLE CAROL
REGION CODE ADDRESS : 1366 CHERRYVALE ROAD
01 CITY : BOULDER
STATE/ZIP : CO 80303
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007672330 MORTGAGORS: ACKERSON JAMES
ACKERSON ANN
REGION CODE ADDRESS : 6 SCARLETT CT
01 CITY : HOCKESSIN
STATE/ZIP : DE 19707
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.86500
----------------------------------------------------------------
0 0007672348 MORTGAGORS: LORD PETER
LORD MARIANNE
REGION CODE ADDRESS : 4 CARROLL CIR.
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,782.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 41.85700
----------------------------------------------------------------
0 0007672355 MORTGAGORS: POHL SCOTT
POHL JOELLE
REGION CODE ADDRESS : 615 WILDWOOD LANE
01 CITY : WEST CHICAGO
STATE/ZIP : IL 60185
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,302.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.63600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,500.00
P & I AMT: 9,893.66
UPB AMT: 1,417,441.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672363 MORTGAGORS: ROSZEL STEPHEN
ROSZEL SANDRA
REGION CODE ADDRESS : 5930 WILSON RD
01 CITY : MARSHALL
STATE/ZIP : VA 20115
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 33.93900
----------------------------------------------------------------
0 0007672371 MORTGAGORS: ROSENFELD JOYCE
REGION CODE ADDRESS : 21809 EAST DAVIES CIRCLE
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,567.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007672389 MORTGAGORS: BURKY MICHAEL
BURKY NANCY
REGION CODE ADDRESS : 4521 EDGMERE TRACE
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 392,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,193.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,677.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.11100
----------------------------------------------------------------
0 0007672405 MORTGAGORS: MEASEL DARRELL
MEASEL BARBARA
REGION CODE ADDRESS : 4250 NE 24TH AVE.
01 CITY : LIGHTHOUSE POINT
STATE/ZIP : FL 33064
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.39000
----------------------------------------------------------------
0 0007672413 MORTGAGORS: EASLEY JEFFERY
FEDERIN DEBBIE
REGION CODE ADDRESS : 3916 PEBBLE BEACH DRIVE
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,314.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.96600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,750.00
P & I AMT: 9,832.22
UPB AMT: 1,417,677.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672421 MORTGAGORS: BARR JOHN
KIBLER VIRGINIA
REGION CODE ADDRESS : 5628 HACKNEY COURT
01 CITY : PARKER
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 335,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,231.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,260.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.78300
----------------------------------------------------------------
0 0007672447 MORTGAGORS: SAVAGE JACK
SAVAGE MICHELLE
REGION CODE ADDRESS : 4028 PURDUE STREET
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75225
MORTGAGE AMOUNT : 273,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,686.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.00200
----------------------------------------------------------------
0 0007672462 MORTGAGORS: BENJAMIN TODD
BENJAMIN CAROLE
REGION CODE ADDRESS : 2432 SOUTH ZINNIA WAY
01 CITY : LAKEWOOD
STATE/ZIP : CO 80228
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.43800
----------------------------------------------------------------
0 0007672488 MORTGAGORS: WATERS GREGG
WATERS PAMELA
REGION CODE ADDRESS : 13600 WEST 58TH AVENUE
01 CITY : ARVADA
STATE/ZIP : CO 80002
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,774.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.11100
----------------------------------------------------------------
0 0007672496 MORTGAGORS: WALTERS WILLIAM
REGION CODE ADDRESS : 4703 SUMMIT HILL CT
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.71200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,414,400.00
P & I AMT: 9,694.06
UPB AMT: 1,413,304.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672504 MORTGAGORS: KEYES JOHN
AGUIAR LUIZA
REGION CODE ADDRESS : 14 THOREAU ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,731.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007672520 MORTGAGORS: ANDERSON STACEY
REGION CODE ADDRESS : 1785 RIVERSIDE ROAD
01 CITY : ROSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,710.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,937.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.92500
----------------------------------------------------------------
0 0007672538 MORTGAGORS: HAYWARD MICHAEL
HAYWARD KATHLEEN
REGION CODE ADDRESS : 1701 MAPLE LANE
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,209.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007672546 MORTGAGORS: BARNETT BRIAN
BARNETT SUSAN
REGION CODE ADDRESS : 4227 CLEARWATER LANE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,726.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.42300
----------------------------------------------------------------
0 0007672553 MORTGAGORS: GLANTZ PERRY
GLANTZ HEIDI
REGION CODE ADDRESS : 1691 GORE DRIVE
01 CITY : LARKSPUR
STATE/ZIP : CO 80118
MORTGAGE AMOUNT : 373,458.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,180.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,611.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,858.00
P & I AMT: 12,055.69
UPB AMT: 1,730,558.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672561 MORTGAGORS: BIRNER FREDERIC
BIRNER KELLY
REGION CODE ADDRESS : 3400 EAST KENTUCKY AVENUE
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,721.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007672579 MORTGAGORS: WEISS ALLAN
WEISS SUSAN
REGION CODE ADDRESS : 900 EAST RADCLIFF AVENUE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,634.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007672587 MORTGAGORS: JENKINS MARVIN
JENKINS TERESA
REGION CODE ADDRESS : 6320 WESTCHESTER PLACE
01 CITY : CUMMING
STATE/ZIP : GA 30040
MORTGAGE AMOUNT : 337,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,542.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.85800
----------------------------------------------------------------
0 0007672595 MORTGAGORS: WRIGHT PAUL
WRIGHT JANIE
REGION CODE ADDRESS : 7480 SHADBURN FERRY ROAD
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007672611 MORTGAGORS: ELLIS D
ELLIS TAMRA
REGION CODE ADDRESS : 8613 DEVONSHIRE DRIVE
01 CITY : HUNTERSVILLE
STATE/ZIP : NC 28078
MORTGAGE AMOUNT : 309,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,008.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,745,050.00
P & I AMT: 12,084.26
UPB AMT: 1,743,728.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007672637 MORTGAGORS: CARR RICKY
CARR TERESA
REGION CODE ADDRESS : 1301 KINGS BROOK COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,991.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007672645 MORTGAGORS: MONTESINOS JOSE
MONTESINOS MARIA
REGION CODE ADDRESS : 10951 SW 93RD COURT
01 CITY : MIAMI
STATE/ZIP : FL 33176
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.71200
----------------------------------------------------------------
0 0007673445 MORTGAGORS: MASSEY CARROLL
MASSEY KATHRYN
REGION CODE ADDRESS : 11 KNIGHTSBRIDGE DR
01 CITY : SIMPSONVILLE
STATE/ZIP : SC 29681
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 : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 86.27900
----------------------------------------------------------------
0 0007674260 MORTGAGORS: CASEY SUSAN
CASEY STEPHEN
REGION CODE ADDRESS : 21569 KOUROS COURT
01 CITY : ASHBURN
STATE/ZIP : VA 22011
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 : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.87100
----------------------------------------------------------------
0 0007674286 MORTGAGORS: MILES DENNIS
MILES SHERRY
REGION CODE ADDRESS : 301 KRAMER ROAD
01 CITY : PASADENA
STATE/ZIP : MD 21122
MORTGAGE AMOUNT : 238,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,427.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.56200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,372,800.00
P & I AMT: 9,374.72
UPB AMT: 1,371,729.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007674294 MORTGAGORS: LONSWAY KURT
GARBER JILL
REGION CODE ADDRESS : 6 TRAIL HOUSE COURT
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,207.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.44400
----------------------------------------------------------------
0 0007674385 MORTGAGORS: RUBINSTEIN ERICA
REGION CODE ADDRESS : 921 CHESTNUT RIDGE DRIVE
01 CITY : LUTHERVILLE
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 326,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007674419 MORTGAGORS: SYLVESTER EARNEST
SYLVESTER KATHERINE
REGION CODE ADDRESS : 3434 SOUTH RIVER TERRACE
01 CITY : EDGEWATER
STATE/ZIP : MD 21037
MORTGAGE AMOUNT : 276,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,144.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.69300
----------------------------------------------------------------
0 0007674427 MORTGAGORS: ARON PETER
SPENCER HELEN
REGION CODE ADDRESS : 7212 WILLOW AVENUE
01 CITY : TAKOMA PARK
STATE/ZIP : MD 20912
MORTGAGE AMOUNT : 287,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,858.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.59400
----------------------------------------------------------------
0 0007674468 MORTGAGORS: STEVENSON JOHN
STEVENSON COLLEEN
REGION CODE ADDRESS : 745 CARROLLTON AVENUE
01 CITY : SALEM
STATE/ZIP : VA 24153
MORTGAGE AMOUNT : 314,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,698.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,121.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,451,050.00
P & I AMT: 9,930.28
UPB AMT: 1,450,159.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007674476 MORTGAGORS: SCHOFIELD JAMES
SEIDEL ROMONA
REGION CODE ADDRESS : 510 PRIDE OF BALTIMORE
01 CITY : ARNOLD
STATE/ZIP : MD 21012
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007674773 MORTGAGORS: EMBRY DARRELL
EMBRY VICKIE
REGION CODE ADDRESS : 1622 S POPE LICK ROAD
01 CITY : LOUISVILLE
STATE/ZIP : KY 40299
MORTGAGE AMOUNT : 303,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,504.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97545
----------------------------------------------------------------
0 0007675085 MORTGAGORS: ZOUKIS STEPHEN
MOORE-ZOUKIS SUZAN
REGION CODE ADDRESS : 263 THE PRADO
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,678.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,810.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.71000
----------------------------------------------------------------
0 0030812465 MORTGAGORS: D'ANNA JEREMIAH
D'ANNA PATRICIA
REGION CODE ADDRESS : 169 NOEL STREET
01 CITY : STATEN ISLAND
STATE/ZIP : NY 10312
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,017.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030862940 MORTGAGORS: SANTICCIOLI EUGENE
REGION CODE ADDRESS : 65 OYSTER BAY ROAD
01 CITY : LOCUST VALLEY
STATE/ZIP : NY 11560
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,522,500.00
P & I AMT: 10,815.91
UPB AMT: 1,518,400.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030872261 MORTGAGORS: KIRK J.
STANFORD JANET
REGION CODE ADDRESS : 140 E. NORTH BONNEVILLE DRIVE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84103
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,665.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,870.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 66.94400
----------------------------------------------------------------
0 0030905053 MORTGAGORS: HEDBABNY KAI
PHILLIPS NINA
REGION CODE ADDRESS : 19 RIDGE BROOK ROAD
01 CITY : GREENWICH
STATE/ZIP : CT 06830
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,180.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 33.47200
----------------------------------------------------------------
0 0030911879 MORTGAGORS: ACOSTA BENJAMIN
ACOSTA FE
REGION CODE ADDRESS : 602 SWAN CIRCLE
01 CITY : HUNTSVILLE
STATE/ZIP : AL 35803
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,833.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.40740
----------------------------------------------------------------
0 0030934525 MORTGAGORS: OUSEY EUGENE
REGION CODE ADDRESS : 19 SAINT RAPHAEL
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,435.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030939334 MORTGAGORS: LOBITZ ROGER
LOBITZ KAREN
REGION CODE ADDRESS : 496 DEERFIELD CIRCLE
01 CITY : DAKOTA DUNES
STATE/ZIP : SD 57049
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,000.00
P & I AMT: 10,542.44
UPB AMT: 1,469,114.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030964951 MORTGAGORS: SCOTT JONATHAN
SCOTT SHARON
REGION CODE ADDRESS : 36 NORTH BROOK LANE
01 CITY : IRVINGTON
STATE/ZIP : NY 10533
MORTGAGE AMOUNT : 610,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 609,547.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,265.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.53300
----------------------------------------------------------------
0 0030993406 MORTGAGORS: SKINNER JOHN
SKINNER LAURENE
REGION CODE ADDRESS : BOYNTON ROAD
01 CITY : WESTON
STATE/ZIP : VT 05161
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.77300
----------------------------------------------------------------
0 0031030653 MORTGAGORS: SCHMIDT DAVID
SCHMIDT ELIZABETH
REGION CODE ADDRESS : 1410 HARLE PLACE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,859.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031035801 MORTGAGORS: VALENTI VINCENT
VALENTI JOANN
REGION CODE ADDRESS : 36 OLD NECK COURT
01 CITY : MANORVILLE
STATE/ZIP : NY 11949
MORTGAGE AMOUNT : 296,590.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,033.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031037419 MORTGAGORS: ADLER ALLEN
ADLER JANET
REGION CODE ADDRESS : 2516 NANETTE DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,035.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,794.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.59100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,935,590.00
P & I AMT: 13,863.81
UPB AMT: 1,931,243.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031048077 MORTGAGORS: PECKHAM DONALD
REGION CODE ADDRESS : 3578 AVENIDA PANTERA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.01700
----------------------------------------------------------------
0 0031057854 MORTGAGORS: BANOS MIRTHA
REGION CODE ADDRESS : 16523 ESPIRIT LANE
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,976.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.28500
----------------------------------------------------------------
0 0031063241 MORTGAGORS: KEISER THOMAS
KEISER VICTORIA
REGION CODE ADDRESS : 38 INVERNESS ROAD
01 CITY : WELLESLY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,956.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 38.16900
----------------------------------------------------------------
0 0031082563 MORTGAGORS: VIK GEIR
VIK JOY
REGION CODE ADDRESS : 22355 BEAR CREEK DRIVE
01 CITY : MURRIETA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 345,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,701.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,535.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031101421 MORTGAGORS: MARTINEZ UVALDO
BACCHIONI KIMBERLEE
REGION CODE ADDRESS : 1915 JAG COURT
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,143.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,802,100.00
P & I AMT: 13,125.20
UPB AMT: 1,795,424.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031109952 MORTGAGORS: KELLY SCOT
KELLY SUSAN
REGION CODE ADDRESS : 121 GOLDEN HINDE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,768.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031121726 MORTGAGORS: AMIRI BERTRAM
AMIRI ESTHER
REGION CODE ADDRESS : 2003 MIDVALE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 408,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,428.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,070.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031124266 MORTGAGORS: GUY CHARLES
GUY SHARON
REGION CODE ADDRESS : 272 MILL HAMLET RD
01 CITY : CHARLESTON
STATE/ZIP : TN 37310
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,443.83 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 : 70.58800
----------------------------------------------------------------
0 0031130438 MORTGAGORS: CARNEVALE JOHN
CARNEVALE KARIN
REGION CODE ADDRESS : 14501 CERVANTES AVENUE
01 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 381,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,323.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031133192 MORTGAGORS: WILSON G.
WILSON ELIZABETH
REGION CODE ADDRESS : 26811 CHELSEA LANE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 441,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,209.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,124.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.12000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,750,850.00
P & I AMT: 12,590.80
UPB AMT: 1,746,174.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031148190 MORTGAGORS: WILSON MARIE
JOHNSTON MARTI
REGION CODE ADDRESS : 3479 LENARD DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,150.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031148331 MORTGAGORS: FUNK SIDNEY
FUNK STACY
REGION CODE ADDRESS : 27822 SANTA ANITA BLVD
01 CITY : WESLEY CHAPEL
STATE/ZIP : FL 33544
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,613.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,568.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031159486 MORTGAGORS: GUEVARA MARTIN
KUO GRACE
REGION CODE ADDRESS : 22731 DRAILLE DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 280,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,739.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031164049 MORTGAGORS: MARSHAK DARRYL
ZACHARY SUSAN
REGION CODE ADDRESS : 273 SOUTH SWALL DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90211
MORTGAGE AMOUNT : 421,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,010.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,054.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.21600
----------------------------------------------------------------
0 0031164619 MORTGAGORS: MONTGOMERY MICHAEL
MONTGOMERY JUDITH
REGION CODE ADDRESS : 10801 MOLONY ROAD
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 262,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,179.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 62.54700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,300.00
P & I AMT: 10,189.17
UPB AMT: 1,419,693.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031165012 MORTGAGORS: SEARCY TERI
SEARCY LAWRENCE
REGION CODE ADDRESS : 2055 HELENA WAY
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 275,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,437.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.42660
----------------------------------------------------------------
0 0031194640 MORTGAGORS: FRANKEL HARDING
FRANKEL LOIS
REGION CODE ADDRESS : 5100 SAN FELIPE BLVD. #323E
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 457,212.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,908.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,275.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.51500
----------------------------------------------------------------
0 0031202674 MORTGAGORS: SHOOK ROBERT
SHOOK DOLORES
REGION CODE ADDRESS : 2399 ADELE AVENUE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,401.49 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 : 80.00000
----------------------------------------------------------------
0 0031202971 MORTGAGORS: GOITEIN MARK
REGION CODE ADDRESS : 1415 TRENTON-HARBOURTON ROAD
01 CITY : PENNINGTON
STATE/ZIP : NJ 08534
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,041.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031208663 MORTGAGORS: KRONSBERG MARC
KRONSBERG DEBRA
REGION CODE ADDRESS : 11511 SENECA FOREST CIRCLE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,285.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,717,062.00
P & I AMT: 12,189.55
UPB AMT: 1,714,032.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031209778 MORTGAGORS: JAUNG HENRY
JAUNG SHEILA
REGION CODE ADDRESS : 23 WILDWOOD DRIVE
01 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,013.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.95900
----------------------------------------------------------------
0 0031215486 MORTGAGORS: ALTICE MICHAEL
ALTICE TAMARA
REGION CODE ADDRESS : 5537 GOLDENROD DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 320,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,237.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99120
----------------------------------------------------------------
0 0031215684 MORTGAGORS: HALL HOWARD
HALL JATANNA
REGION CODE ADDRESS : 14 DESKINS HOLLOW
01 CITY : PIKEVILLE
STATE/ZIP : KY 41501
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,824.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.87800
----------------------------------------------------------------
0 0031216054 MORTGAGORS: LAWRENCE JOEL
LAWRENCE EVA
REGION CODE ADDRESS : 117 PASEO DE SUENOS
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,189.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031217284 MORTGAGORS: WETTENGEL MICHAEL
WETTENGEL REGENA
REGION CODE ADDRESS : 7400 WELLS AVENUE
01 CITY : LOOMIS
STATE/ZIP : CA 95650
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,670,150.00
P & I AMT: 11,737.58
UPB AMT: 1,666,795.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031219009 MORTGAGORS: SMITH KENNETH
EYRING ANDREA
REGION CODE ADDRESS : 992 SOLANA COURT
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 431,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,195.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,091.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.64200
----------------------------------------------------------------
0 0031222144 MORTGAGORS: SAMSON CHARLES
SAMSON JOAN
REGION CODE ADDRESS : 24272 CHERRY HILLS PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,271.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------
0 0031223472 MORTGAGORS: SOUTHER ROBERT
DYKSTRA ANGELA
REGION CODE ADDRESS : 540 DOBBINS DRIVE
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,365.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.71800
----------------------------------------------------------------
0 0031224819 MORTGAGORS: CESARE MARK
CESARE KATHLEEN
REGION CODE ADDRESS : 328 TORINO DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 467,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,411.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,426.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 78.48700
----------------------------------------------------------------
0 0031225519 MORTGAGORS: COOK GERARD
COOK LINDA
REGION CODE ADDRESS : 60 COVENTRY COURT
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.58700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,831,500.00
P & I AMT: 12,986.31
UPB AMT: 1,828,244.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031226475 MORTGAGORS: SEGAL RONALD
SEGAL SHELLEY
REGION CODE ADDRESS : 3621 DEAUVILLA COURT
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,519.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,157.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031230717 MORTGAGORS: JACOBY IRIS
REGION CODE ADDRESS : 15 FIR DRIVE
01 CITY : KINGS POINT
STATE/ZIP : NY 11024
MORTGAGE AMOUNT : 700,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 700,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,075.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031233547 MORTGAGORS: FERNANDES JOSE
FERNANDES M.
REGION CODE ADDRESS : 2920 N. JOHN MARSHALL DRIVE
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 46.42857
----------------------------------------------------------------
0 0031234594 MORTGAGORS: VISCO ROBERT
JEPSEN CINDY
REGION CODE ADDRESS : 101 WESTRIDGE DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 307,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,746.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031236714 MORTGAGORS: WIPFF LANE
WIPFF CHRISTINE
REGION CODE ADDRESS : 29151 FLYING O RANCH RD.
01 CITY : O'NEALS
STATE/ZIP : CA 93645
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.14940
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,092,800.00
P & I AMT: 15,143.05
UPB AMT: 2,089,711.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031236847 MORTGAGORS: CONNOLLY JOHN
CONNOLLY VICTORIA
REGION CODE ADDRESS : 300 STONEBRIDGE ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.11800
----------------------------------------------------------------
0 0031240849 MORTGAGORS: CONNELL DAVID
CONNELL JOANNE
REGION CODE ADDRESS : 7 JEFFERSON DRIVE
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 344,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.65300
----------------------------------------------------------------
0 0031245012 MORTGAGORS: NASSIB JOSEPH
NASSIB BERNADETTE
REGION CODE ADDRESS : 820 HUNT ROAD
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.17100
----------------------------------------------------------------
0 0031248966 MORTGAGORS: ROOSE RONALD
PAGE ANNE
REGION CODE ADDRESS : 2235 23RD STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90406
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031253669 MORTGAGORS: WENK ROBERT
WENK BEVERLY
REGION CODE ADDRESS : 100 PATERO DE ORO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,361.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.52100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,752,900.00
P & I AMT: 12,181.55
UPB AMT: 1,751,952.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031256605 MORTGAGORS: MUSE JOLETT
MUSE CAROL
REGION CODE ADDRESS : 8070 EAST ROSINA STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,327.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.72900
----------------------------------------------------------------
0 0031258676 MORTGAGORS: WILSON ROBERT
WILSON LISE
REGION CODE ADDRESS : 497 MCBRIDE DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,382.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.89285
----------------------------------------------------------------
0 0031258916 MORTGAGORS: MALEK KHALIL
MALEK SHIRIN
REGION CODE ADDRESS : 164 JACINTO WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,887.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.25000
----------------------------------------------------------------
0 0031260177 MORTGAGORS: STEVENSON JOHN
STEVENSON SHELLEY
REGION CODE ADDRESS : 4968 LADERA SARINA STREET
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 615,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 613,332.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,512.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 65.42500
----------------------------------------------------------------
0 0031261266 MORTGAGORS: ROMA STEPHEN
ROMA MARY
REGION CODE ADDRESS : BLOCK 179.03 BLOCK 9.06
01 CITY : POINT PLEASANT BEACH
STATE/ZIP : NJ 08742
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,988.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,941.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,245,000.00
P & I AMT: 15,877.90
UPB AMT: 2,239,919.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031262413 MORTGAGORS: HORNICK JOHN
REGION CODE ADDRESS : 1413 Q. STREET N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20009
MORTGAGE AMOUNT : 282,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,605.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031263494 MORTGAGORS: SCHULTZ CARL
SCHULTZ JANET
REGION CODE ADDRESS : 114 3RD STREET
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,238.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,200.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.21800
----------------------------------------------------------------
0 0031264138 MORTGAGORS: MC CANDLISH WILLIAM
MC CANDLISH HELEN
REGION CODE ADDRESS : 682 BAY DRIVE
01 CITY : WESTERVILLE
STATE/ZIP : OH 43082
MORTGAGE AMOUNT : 247,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,521.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0031266976 MORTGAGORS: JANFAZA EDMOND
JANFAZA LONA
REGION CODE ADDRESS : 924 YALE STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,586.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,537.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031270721 MORTGAGORS: GUGLIELMO STEPHEN
GUGLIELMO SARAH
REGION CODE ADDRESS : 95 CLINTON STREET
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,755,700.00
P & I AMT: 12,502.81
UPB AMT: 1,752,731.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031272461 MORTGAGORS: ANSLEY DEAN
ANSLEY SHERRON
REGION CODE ADDRESS : 15421 TOULOUSE CIRCLE
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,446.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.66600
----------------------------------------------------------------
0 0031275373 MORTGAGORS: COHEN PHILIP
ANDERSON RENEE
REGION CODE ADDRESS : 22265 CASS AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,632.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031275712 MORTGAGORS: HABER JEFFREY
HABER ADINE
REGION CODE ADDRESS : 103 OAK DRIVE
01 CITY : SADDLE RIVER
STATE/ZIP : NJ 07458
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.42200
----------------------------------------------------------------
0 0031279375 MORTGAGORS: BRUCE MICAL
BRUCE DEVITA
REGION CODE ADDRESS : 10239 BRITTENFORD DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22812
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031281025 MORTGAGORS: MCNEELY DENNIS
O'BRIEN SALLY
REGION CODE ADDRESS : 47506 TILDEN COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,582.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,200.00
P & I AMT: 10,598.81
UPB AMT: 1,518,104.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031284649 MORTGAGORS: NICHELINI JAMES
NICHELINI KATHLEEN
REGION CODE ADDRESS : 2349 LOWER CHILES VALLEY ROAD
01 CITY : ST HELENA
STATE/ZIP : CA 94574
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0031287600 MORTGAGORS: EVERETT TERRENCE
EVERETT ALLISON
REGION CODE ADDRESS : 24215 PARK GRANADA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 638,947.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,257.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0031289218 MORTGAGORS: SKOLNIK MARSHALL
SKOLNIK BETTYANN
REGION CODE ADDRESS : 3015 SLAYEN WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 299,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,746.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 94.98253
----------------------------------------------------------------
0 0031289390 MORTGAGORS: MCCLURE MICHAEL
MCCLURE HEATHER
REGION CODE ADDRESS : 48 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 325,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,645.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031290000 MORTGAGORS: GARTNER DAVID
GARTNER SUSAN
REGION CODE ADDRESS : 19370 WALDEN TRAIL
01 CITY : DEEPHAVEN
STATE/ZIP : MN 55391
MORTGAGE AMOUNT : 980,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 979,235.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,685.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,505,000.00
P & I AMT: 17,155.73
UPB AMT: 2,501,372.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031291222 MORTGAGORS: O'ROURKE PATRICK
O'ROURKE CHERLY
REGION CODE ADDRESS : 220 PARK AVE
01 CITY : GLENCOE
STATE/ZIP : IL 60022
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 45.47700
----------------------------------------------------------------
0 0031291727 MORTGAGORS: STRASSER PHILIP
STRASSER JOAN
REGION CODE ADDRESS : 16 W. RAMAPO LN
01 CITY : LONG BEACH
STATE/ZIP : NJ 08008
MORTGAGE AMOUNT : 172,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,187.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.18100
----------------------------------------------------------------
0 0031291958 MORTGAGORS: ANDERSON TERRY
ANDERSON MARGARET
REGION CODE ADDRESS : 5579 S ATLANTIC AVE.
01 CITY : NEW SMYRNA BEACH
STATE/ZIP : FL 32169
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,775.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.06800
----------------------------------------------------------------
0 0031292626 MORTGAGORS: BRADDOCK PHILLIP
REGION CODE ADDRESS : MIDDLE ROAD
01 CITY : PECONIC
STATE/ZIP : NY 11958
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,217.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 77.27200
----------------------------------------------------------------
0 0031293277 MORTGAGORS: WHITE HARRY
WHITE CATHY
REGION CODE ADDRESS : 3 CRYSTAL VIEW RIDGE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 997,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 995,588.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,142.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 64.32200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,998,000.00
P & I AMT: 14,125.84
UPB AMT: 1,996,363.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031294762 MORTGAGORS: BROKSTEIN ARNOLD
BROKSTEIN ANNISE
REGION CODE ADDRESS : 1601 FERNWOOD DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,224.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,419.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.48600
----------------------------------------------------------------
0 0031297179 MORTGAGORS: TAPELLA GARY
TAPELLA KAREN
REGION CODE ADDRESS : 30 WEE BURN LANE
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 493,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,247.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,405.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 41.08300
----------------------------------------------------------------
0 0031299571 MORTGAGORS: HARRIS ROSA
HARRIS DANNY
REGION CODE ADDRESS : 11702 ASHTON COURT
01 CITY : ACCOKEEK
STATE/ZIP : MD 20607
MORTGAGE AMOUNT : 255,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031299944 MORTGAGORS: STANTON MICHAEL
REGION CODE ADDRESS : 1751 38TH AVENUE
01 CITY : GREELEY
STATE/ZIP : CO 80634
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,772.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.96400
----------------------------------------------------------------
0 0031300049 MORTGAGORS: CALI PAUL
CALI BARBARA
REGION CODE ADDRESS : 23 REDWOOD CIRCLE
01 CITY : SHELTON
STATE/ZIP : CT 06484
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,276.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,650,650.00
P & I AMT: 11,359.55
UPB AMT: 1,648,672.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031304421 MORTGAGORS: RICCI NICHOLAS
RICCI KIMBERLY
REGION CODE ADDRESS : 2840 CARRIAGE WAY
01 CITY : AURORA
STATE/ZIP : IL 60504
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,125.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.64885
----------------------------------------------------------------
0 0031306012 MORTGAGORS: KALEVIK MARTIN
REGION CODE ADDRESS : 705 MEADOW STATION CIRCLE
01 CITY : PARKER
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 297,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,595.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,159.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 93.06200
----------------------------------------------------------------
0 0031306111 MORTGAGORS: FIRILLO MARCUS
FIRILLO LILLIAN
REGION CODE ADDRESS : 23856 CURRANT DRIVE
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,972.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031306681 MORTGAGORS: EDWARDS KIP
EDWARDS SARAH
REGION CODE ADDRESS : 62 LANDSFORD COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 362,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,131.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,533.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031307564 MORTGAGORS: FINNERTY MIKE
FINNERTY ELIZABETH
REGION CODE ADDRESS : 7968 SITIO FRESCA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 580,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,970.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,309.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,769,250.00
P & I AMT: 12,669.83
UPB AMT: 1,767,794.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031307606 MORTGAGORS: WOOD BRIAN
REGION CODE ADDRESS : 4808 MAPLE ROAD
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,754.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.49300
----------------------------------------------------------------
0 0031309743 MORTGAGORS: FAZIO DAVID
FAZIO ROSEMARY
REGION CODE ADDRESS : 1819 MELVIN ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.06024
----------------------------------------------------------------
0 0031309859 MORTGAGORS: HILLMAN E
REGION CODE ADDRESS : 606 MONTECITO BLVD
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.91600
----------------------------------------------------------------
0 0031312630 MORTGAGORS: WEBSTER CHRISTOPHER
WEBSTER MARY
REGION CODE ADDRESS : 5316 MAPLE VALLEY COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,289.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031315062 MORTGAGORS: LEWIS GREGORY
LEWIS RENE
REGION CODE ADDRESS : 29035 GUMTREE PLACE
01 CITY : SAUGUS
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,850.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,433,000.00
P & I AMT: 9,922.77
UPB AMT: 1,431,704.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031315716 MORTGAGORS: GINKEL MARK
REGION CODE ADDRESS : 25 HEATHERWOOD
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 274,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,950.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031316797 MORTGAGORS: CEROVAC LEE
REGION CODE ADDRESS : 10362 COWAN HEIGHTS DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,799.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/25
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.94700
----------------------------------------------------------------
0 0031317845 MORTGAGORS: ROLLO JOSEPH
ROLLO TERESA
REGION CODE ADDRESS : 113 OAK STREET SO.
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031317944 MORTGAGORS: HARRIS-QUANQUIN BRUNO
HARRIS-QUANQUIN JULI
REGION CODE ADDRESS : 29433 GRAY HAWK DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,256.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031317993 MORTGAGORS: MITCHELL JEFFREY
MITCHELL CYNTHIA
REGION CODE ADDRESS : 1015 REDFIELD TERRACE
01 CITY : DUNWOODY
STATE/ZIP : GA 30338
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,550,800.00
P & I AMT: 10,973.70
UPB AMT: 1,541,299.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031320708 MORTGAGORS: LAURO FRANK
REGION CODE ADDRESS : 5560 RIVIERA WALK
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,366.28 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 : 250
LTV : 74.35800
----------------------------------------------------------------
0 0031323736 MORTGAGORS: PARSONS JAMES
PARSONS ALYCE
REGION CODE ADDRESS : 2381 MESA DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,785.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.48200
----------------------------------------------------------------
0 0031323983 MORTGAGORS: INFANGER ALBIN
INFANGER SANDRA
REGION CODE ADDRESS : 3025 DARLENE LANE
01 CITY : MODESTO
STATE/ZIP : CA 95355
MORTGAGE AMOUNT : 87,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 86,879.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 630.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.90000
----------------------------------------------------------------
0 0031325541 MORTGAGORS: SEEGARS WILLIAM
SEEGARS CAROL
REGION CODE ADDRESS : 409 SOUTH HENRY STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.38800
----------------------------------------------------------------
0 0031327620 MORTGAGORS: FRIEDMAN JOHN
FURSE JANE
REGION CODE ADDRESS : 105 EAST COMMON ROAD
01 CITY : EASTON
STATE/ZIP : CT 06612
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.74400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,262,000.00
P & I AMT: 8,600.63
UPB AMT: 1,260,797.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031327638 MORTGAGORS: HOLLADAY RICHARD
HOLLADAY BEVERLY
REGION CODE ADDRESS : 1425 WATERMILL CIRCLE
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031327653 MORTGAGORS: KEEBLE MADALIN
REGION CODE ADDRESS : 75 14TH STREET #3610
01 CITY : ATLANTA
STATE/ZIP : GA 30309
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.90200
----------------------------------------------------------------
0 0031328099 MORTGAGORS: RICE RODNEY
PAVLOVICH RICE KATHERINE
REGION CODE ADDRESS : 1337 RUE BAYONNE
01 CITY : MANDEVILLE
STATE/ZIP : LA 70471
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031328248 MORTGAGORS: GREGORY PAUL
GREGORY LISAMARIE
REGION CODE ADDRESS : 5508 WILTS COURT
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,732.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031329014 MORTGAGORS: FITZGERALD EILEEN
GIVENS ANDREW
REGION CODE ADDRESS : 531 ALBANY AVENUE
01 CITY : TAKOMA PARK
STATE/ZIP : MD 20912
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,795.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.39300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,000.00
P & I AMT: 10,208.46
UPB AMT: 1,464,902.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031329105 MORTGAGORS: MARKOWITZ ELI
REGION CODE ADDRESS : 8326 EAST HILLSDALE DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.79480
----------------------------------------------------------------
0 0031329410 MORTGAGORS: CARROLL RODNEY
LEE JEONG
REGION CODE ADDRESS : 20720 SOUTH TRANQUILITY LANE
01 CITY : OREGON CITY
STATE/ZIP : OR 97045
MORTGAGE AMOUNT : 422,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,251.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,027.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.81800
----------------------------------------------------------------
0 0031330087 MORTGAGORS: WEBER GERARD
REGION CODE ADDRESS : 57 OXFORD STREET
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.40200
----------------------------------------------------------------
0 0031330186 MORTGAGORS: CARTER JEFFREY
JOHNSON CARYN
REGION CODE ADDRESS : 451 GREAT ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,834.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.31200
----------------------------------------------------------------
0 0031331366 MORTGAGORS: LITRENTA KEVIN
REGION CODE ADDRESS : 79 MILLRACE DRIVE
01 CITY : LANCASTER
STATE/ZIP : PA 17603
MORTGAGE AMOUNT : 398,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,806.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,785.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.89400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,950.00
P & I AMT: 11,825.31
UPB AMT: 1,661,476.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031331424 MORTGAGORS: WESTCOTT MICHAEL
WESTCOTT KRISTI
REGION CODE ADDRESS : 1218 HAMPSHIRE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 261,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,506.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.10000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.10000 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0031332208 MORTGAGORS: HASTINGS ALLEN
HASTINGS ROBIN
REGION CODE ADDRESS : 360 ELY PLACE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,719.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,449.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.60800
----------------------------------------------------------------
0 0031332554 MORTGAGORS: FULTON CARYN
REGION CODE ADDRESS : 29231 KESTREL LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,194.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031333941 MORTGAGORS: SULLIVAN MICHAEL
SULLIVAN BRIANNA
REGION CODE ADDRESS : 201 ACACIA AVENUE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,553.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031333974 MORTGAGORS: SHUMAN DENNIS
SHUMAN MELISSA
REGION CODE ADDRESS : 4857 RAMCREEK TRAIL
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 300,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,621.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,050.00
P & I AMT: 10,681.22
UPB AMT: 1,540,595.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031334287 MORTGAGORS: SCHROEDER DANIEL
SCHROEDER TERRI
REGION CODE ADDRESS : 11918 LATIGO LANE
01 CITY : OAKTON
STATE/ZIP : VA 22124
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031334626 MORTGAGORS: WHITE LLOYD
WHITE MILDRED
REGION CODE ADDRESS : 5 FAIRHAVEN ROAD
01 CITY : RUMSON
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 568,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,069.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031335615 MORTGAGORS: QUECHENBERGER ENGELBERT
QUECHENBERGER DEBORAH
REGION CODE ADDRESS : 24326 RUE DE GAUGUIN
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031335722 MORTGAGORS: BUSTO VICTORIANO
BUSTO CONCEPCION
REGION CODE ADDRESS : 561 EDNA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
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 : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031336001 MORTGAGORS: IULA FRANK
IULA ROSEMARY
REGION CODE ADDRESS : 31 MACCLESFIELD DRIVE
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.70500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,718,000.00
P & I AMT: 12,183.97
UPB AMT: 1,717,372.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031336654 MORTGAGORS: POWELL JEFFREY
POWELL GERALYNNE
REGION CODE ADDRESS : 21497 HEARTHSTONE COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20148
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,595.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031336688 MORTGAGORS: URBANA MICHAEL
URBANA LEONORA
REGION CODE ADDRESS : 243 SOUTH CHERRY STREET
01 CITY : DENVER
STATE/ZIP : CO 80222
MORTGAGE AMOUNT : 405,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,768.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.78100
----------------------------------------------------------------
0 0031338528 MORTGAGORS: WANG DAVID
WANG DORIS
REGION CODE ADDRESS : 12 CORALWIND
01 CITY : LAGUNA HILLS AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 238,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,268.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031338619 MORTGAGORS: PENATE MARIA
REGION CODE ADDRESS : 3161 SW 142 AVE
01 CITY : MIAMI
STATE/ZIP : FL 33175
MORTGAGE AMOUNT : 76,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,092.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 545.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 42.33300
----------------------------------------------------------------
0 0031338692 MORTGAGORS: FIRESTINE TIMOTHY
KING DEBORAH
REGION CODE ADDRESS : 14505 CERVANTES AVENUE
01 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 392,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,208.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,744.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,950.00
P & I AMT: 9,282.15
UPB AMT: 1,351,964.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342041 MORTGAGORS: COLLIER ERIK
COLLIER SHANNON
REGION CODE ADDRESS : 6473 ASPENWOOD WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 236,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,419.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031344385 MORTGAGORS: STEINMARK JUNE
REGION CODE ADDRESS : 1700 SPRINGMEADOWS COURT #C
01 CITY : FT.COLLINS
STATE/ZIP : CO 80525
MORTGAGE AMOUNT : 39,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 39,626.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 313.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 42.23400
----------------------------------------------------------------
0 0031345689 MORTGAGORS: CARTER DAVID
CARTER KAREN
REGION CODE ADDRESS : 4 S. WILTON ROAD
01 CITY : RICHMOND
STATE/ZIP : VA 23226
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.69600
----------------------------------------------------------------
0 0031345747 MORTGAGORS: BARRETT PETER
BARRETT LINDA
REGION CODE ADDRESS : 509 PRINCETON AVENUE
01 CITY : BRICK TOWNSHIP
STATE/ZIP : NJ 08724
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0031346166 MORTGAGORS: PAMUKCU RIFAT
BROWN LISA
REGION CODE ADDRESS : 2 PUMPHOUSE DRIVE
01 CITY : SPRINGHOUSE
STATE/ZIP : PA 19477
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,790.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,195,600.00
P & I AMT: 8,397.48
UPB AMT: 1,194,517.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031348980 MORTGAGORS: HAAS HOWARD
HAAS DEBBIE
REGION CODE ADDRESS : 3201 SUNRISE DRIVE
01 CITY : ROWLETT
STATE/ZIP : TX 75088
MORTGAGE AMOUNT : 200,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,386.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.29900
----------------------------------------------------------------
0 0031349392 MORTGAGORS: PURSELL CHRISTIAN
PURSELL JEANNIE
REGION CODE ADDRESS : 13635 GLENCLIFF WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 42.85700
----------------------------------------------------------------
0 0031351000 MORTGAGORS: ALBRIGHT DOROTHY
ALBRIGHT DALE
REGION CODE ADDRESS : 21 SMOKE RISE ROAD
01 CITY : BEDMINSTER
STATE/ZIP : NJ 07921
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,390.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.30700
----------------------------------------------------------------
0 0031351265 MORTGAGORS: ANDERSON ERIC
ANDERSON ANN
REGION CODE ADDRESS : 5319 SILVER GARDEN WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,600.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031351307 MORTGAGORS: MORRIS JON
MORRIS LAURA
REGION CODE ADDRESS : 86 E. PRINCETON RD.
01 CITY : BALA CYNWYD
STATE/ZIP : PA 19004
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.47100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,800.00
P & I AMT: 9,844.68
UPB AMT: 1,439,556.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031351885 MORTGAGORS: MATTA AIMAN
MATTA GEHANE
REGION CODE ADDRESS : 37 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031351992 MORTGAGORS: PATLOVICH MICHAEL
PATLOVICH KARLA
REGION CODE ADDRESS : 61 WESTLAND ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,679.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 50.77922
----------------------------------------------------------------
0 0031352818 MORTGAGORS: BROWN RICHARD
BROWN CONNIE
REGION CODE ADDRESS : 126 RIDGECREST DRIVE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 147,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,876.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 965.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 64.33200
----------------------------------------------------------------
0 0031353337 MORTGAGORS: GANGA MAHESH
GANGA SUNEETA
REGION CODE ADDRESS : 9207 TRIPLE CROWN CT. N.W.
01 CITY : PICKERINGTON
STATE/ZIP : OH 43147
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031353519 MORTGAGORS: KEYS JERRY
REGION CODE ADDRESS : 3 HODGENVILLE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,690.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.79200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,312,200.00
P & I AMT: 8,927.10
UPB AMT: 1,311,206.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031353808 MORTGAGORS: ZALNERAITIS BRUCE
STEWART BRENDA
REGION CODE ADDRESS : 2625 THORNHILL DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 266,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,912.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.88300
----------------------------------------------------------------
0 0031355217 MORTGAGORS: CENTURIONI DOMINICK
CENTURIONI MARGARET
REGION CODE ADDRESS : 46 LAKE ROAD
01 CITY : MECHANICSVILLE
STATE/ZIP : NY 12118
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.34700
----------------------------------------------------------------
0 0031355316 MORTGAGORS: LEE GEORGE
LEE GLORIANA
REGION CODE ADDRESS : 1204 ROXBURG DRIVE #2B
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,234.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031355530 MORTGAGORS: ISAACS JOEL
REGION CODE ADDRESS : 19 EGYPT LANE
01 CITY : EAST HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,681.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031355548 MORTGAGORS: SANDS FRED
REGION CODE ADDRESS : 1852 BEL AIR ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 1,300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,299,035.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 9,089.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 72.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,511,700.00
P & I AMT: 17,667.99
UPB AMT: 2,509,675.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031356389 MORTGAGORS: GOODSON CLIFFORD
REGION CODE ADDRESS : 10691 AREY PLACE
01 CITY : GRASS VALLEY
STATE/ZIP : CA 95949
MORTGAGE AMOUNT : 135,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,406.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 982.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 69.48700
----------------------------------------------------------------
0 0031356769 MORTGAGORS: SANTE WILLIAM
SANTE KATHLEEN
REGION CODE ADDRESS : 10429 N. PINE RIDGE CIRCLE
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.42200
----------------------------------------------------------------
0 0031356785 MORTGAGORS: BARCLAY VIRETHA
REGION CODE ADDRESS : 102 CAMINO DEL SOL
01 CITY : VALLEJO
STATE/ZIP : CA 94591
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 : 94.83793
----------------------------------------------------------------
0 0031357114 MORTGAGORS: SIMPSON SUSANNE
REGION CODE ADDRESS : 67 NORTH HANCOCK STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,742.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.04100
----------------------------------------------------------------
0 0031358641 MORTGAGORS: RUSSINOVA ZLATKA
REGION CODE ADDRESS : 319 ST. PAUL STREET, #3
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,510.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.27500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,500.00
P & I AMT: 10,006.15
UPB AMT: 1,428,968.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359367 MORTGAGORS: BURGENER CLAIR
BURGENER MARVIA
REGION CODE ADDRESS : 6255 SOMERSET WAY
01 CITY : CAMBRIA
STATE/ZIP : CA 93428
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,583.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031359664 MORTGAGORS: HAYES PATRICK
HAYES JOANNE
REGION CODE ADDRESS : 5324 POPLAR VALLEY COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 269,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,823.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031360555 MORTGAGORS: GRAVES PHILIP
REGION CODE ADDRESS : 7023 EARLDOM AVENUE
01 CITY : PLAYA DEL RAY
STATE/ZIP : CA 90293
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031360803 MORTGAGORS: KESHAVARZ PETER
REGION CODE ADDRESS : 5562 EL CANON AVENUE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91367
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031361355 MORTGAGORS: LYNCH KENNETH
LYNCH JOETTE
REGION CODE ADDRESS : 32613 138TH STREET SOUTHEAST
01 CITY : SULTAN
STATE/ZIP : WA 98294
MORTGAGE AMOUNT : 245,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.78500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,304,350.00
P & I AMT: 9,034.17
UPB AMT: 1,302,811.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031361538 MORTGAGORS: MINUSKIN JEFFREY
MINUSKIN BETTY
REGION CODE ADDRESS : 28 GREYSTONE WAY
01 CITY : NORTH EASTON
STATE/ZIP : MA 02356
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,822.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.56600
----------------------------------------------------------------
0 0031362593 MORTGAGORS: KLINGEL JOHN
KLINGEL SUSAN
REGION CODE ADDRESS : 2924 MADREY LANE
01 CITY : HAMPTON COVE
STATE/ZIP : AL 35763
MORTGAGE AMOUNT : 244,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,936.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031363120 MORTGAGORS: HOLCOMB GAYLE
REGION CODE ADDRESS : 140 OCEAN PARK BLVD., #621
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031364011 MORTGAGORS: MILLER HOWARD
MILLER SANDRA
REGION CODE ADDRESS : 13485 HOLIDAY DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------
0 0031364383 MORTGAGORS: ROSEN JAMES
ROSEN ROBIN
REGION CODE ADDRESS : 243 HEMLOCK ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,490,300.00
P & I AMT: 10,398.80
UPB AMT: 1,489,243.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364573 MORTGAGORS: CHANG MICHIYO
CHANG SAM
REGION CODE ADDRESS : 8909 DAY LILY COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 291,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,861.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031364672 MORTGAGORS: HIGGINBOTHAM WILLIAM
HIGGINBOTHAM BARBARA
REGION CODE ADDRESS : 8 SONGVIEW
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,515.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031364839 MORTGAGORS: DEBRUIN MARK
DEBRUIN SUSAN
REGION CODE ADDRESS : 5846 GRANITE HILLS DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 638,998.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,365.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031365919 MORTGAGORS: TRAN TRANG
TRAN DAVID
REGION CODE ADDRESS : 1145 CORVALLIS DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,304.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.16100
----------------------------------------------------------------
0 0031366982 MORTGAGORS: CHING KENNETH
CHING WINSOME
REGION CODE ADDRESS : 3313 WINSOME WAY
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 167,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 166,969.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,212.32 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: 1,658,800.00
P & I AMT: 11,360.35
UPB AMT: 1,653,649.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031367352 MORTGAGORS: GUIMARAIS RUI
GUIMARAIS ABIGAIL
REGION CODE ADDRESS : 22245 NINFA COURT
01 CITY : WOODLAND HILLS (AREA)
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 238,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,278.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.41500
----------------------------------------------------------------
0 0031367675 MORTGAGORS: COOPER FREDERIC
DEAN-COOPER LINDA
REGION CODE ADDRESS : 11205 SUNSHINE TERRACE
01 CITY : STUDIO CITY AREA
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,535.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.81012
----------------------------------------------------------------
0 0031368319 MORTGAGORS: SAWYER THOMAS
SAWYER MARTHA
REGION CODE ADDRESS : 100 LEGEND CIRCLE
01 CITY : HOT SPRINGS
STATE/ZIP : AR 71913
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,623.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.57800
----------------------------------------------------------------
0 0031368533 MORTGAGORS: SIEBERT MARK
SIEBERT CAROLINE
REGION CODE ADDRESS : 3166 PENNEY DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,845.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,454.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031368590 MORTGAGORS: HOGAN ROBERT
HOGAN CONSTANCE
REGION CODE ADDRESS : 1914 VERDE GLENN
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,765.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,271,500.00
P & I AMT: 9,014.90
UPB AMT: 1,270,048.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031368640 MORTGAGORS: GEPNER MICHAEL
GEPNER TRACEY
REGION CODE ADDRESS : 9301 W. MEADOW LAKE DRIVE
01 CITY : SNOHOMISH
STATE/ZIP : WA 98290
MORTGAGE AMOUNT : 305,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,812.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.40200
----------------------------------------------------------------
0 0031368822 MORTGAGORS: ALONSO JULIO
ALONSO IDA
REGION CODE ADDRESS : 11940 SPRINGSIDE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 260,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,091.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031368830 MORTGAGORS: RUMFOLA ANTHONY
RUMFOLA BONNIE J
REGION CODE ADDRESS : 16106 BONAIRE CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 430,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,088.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,046.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031369549 MORTGAGORS: WRAY DAVID
WILLIS-WRAY LISA
REGION CODE ADDRESS : 10704 FORESTGATE PLACE
01 CITY : GLENDALE
STATE/ZIP : MD 20769
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,314.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031369739 MORTGAGORS: LIM JOSEPH
DHING NATALIE
REGION CODE ADDRESS : 9851 LAPWORTH CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,790.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.93400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,250.00
P & I AMT: 10,399.68
UPB AMT: 1,507,096.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031369770 MORTGAGORS: SHIELDS ROBERT
SHIELDS JACQUELINE
REGION CODE ADDRESS : 2906 ROSA LANE
01 CITY : EAST NORRITON TOWNSHIP
STATE/ZIP : PA 19401
MORTGAGE AMOUNT : 232,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031370414 MORTGAGORS: BUCHNER MICHAEL
BUCHNER MARGARET
REGION CODE ADDRESS : 2191 SOMMERGATE
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031370422 MORTGAGORS: SCHAAN GERALD
SCHAAN FRANCA
REGION CODE ADDRESS : 579 PASEO ROSAL
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 269,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,200.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031370653 MORTGAGORS: WILSON MARCUS
LANZO-WILSON LEEANN
REGION CODE ADDRESS : 8575 CRANE DANCE TRAIL
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55344
MORTGAGE AMOUNT : 459,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,650.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
0 0031370711 MORTGAGORS: SAMAMITTRAN DAVE
SHARMA ANURADHA
REGION CODE ADDRESS : 25725 DURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 288,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,357.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.90 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,850.00
P & I AMT: 10,932.32
UPB AMT: 1,580,058.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031370935 MORTGAGORS: DO CALVIN
REGION CODE ADDRESS : 76 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO,
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 435,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,310.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031371230 MORTGAGORS: FICKES JOSEPH
FICKES EILEEN
REGION CODE ADDRESS : 250 TAUNTON ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.44400
----------------------------------------------------------------
0 0031371552 MORTGAGORS: MURPHY RONALD
MURPHY MARIETTA
REGION CODE ADDRESS : 17206 BIRCH LEAF TERRACE
01 CITY : BOWIE
STATE/ZIP : MD 20716
MORTGAGE AMOUNT : 239,530.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,338.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
0 0031371602 MORTGAGORS: LOWTHERS BRUCE
LOWTHERS LESLIE
REGION CODE ADDRESS : 5330 CHELSEN WOOD DRIVE
01 CITY : DULUTH
STATE/ZIP : GA 30136
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031371628 MORTGAGORS: SEMAN LARRY
SEMAN JENNIFER
REGION CODE ADDRESS : 8501 CHASE GLEN CIRCLE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,002.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.43 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: 1,476,380.00
P & I AMT: 10,009.22
UPB AMT: 1,475,413.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031371859 MORTGAGORS: TIMMONS BONNIE
WUNSCH WILLIAM
REGION CODE ADDRESS : 109 SPRINGDELL ROAD
01 CITY : COATESVILLE
STATE/ZIP : PA 19320
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.50000
----------------------------------------------------------------
0 0031372071 MORTGAGORS: MELSKY GEORGE
REGION CODE ADDRESS : 118 N. MAIN STREET
01 CITY : NEW HOPE
STATE/ZIP : PA 18938
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 896.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 63.06300
----------------------------------------------------------------
0 0031372097 MORTGAGORS: CORN ROBERT
LOVE DEBORAH
REGION CODE ADDRESS : 860 PRINCETON STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 534,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 533,704.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,737.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.59635
----------------------------------------------------------------
0 0031372188 MORTGAGORS: WHITE J.
WHITE CHERYL
REGION CODE ADDRESS : 5853 NORTH 70TH PLACE
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,547.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031372485 MORTGAGORS: YU EDWARD
YU CATHY
REGION CODE ADDRESS : 3209 KIRKHAM DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,603.47 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 : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,500.00
P & I AMT: 10,550.21
UPB AMT: 1,521,855.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031372550 MORTGAGORS: PENDRAK ISRAIL
PENDRAK INNA
REGION CODE ADDRESS : 1055 GYPSY HILL ROAD
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031373160 MORTGAGORS: SCHUESLER JOHN
SCHUESLER MARY
REGION CODE ADDRESS : 16836 REDWING LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 86,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 86,400.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 680.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.75000 PRODUCT CODE : 250
LTV : 65.00000
----------------------------------------------------------------
0 0031373210 MORTGAGORS: HALL ROBERT
HALL MAUREEN
REGION CODE ADDRESS : 2318 EAST LAKE BLUFF BOULEVARD
01 CITY : SHOREWOOD
STATE/ZIP : WI 53211
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.46600
----------------------------------------------------------------
0 0031373749 MORTGAGORS: DINES MILTON
DINES FRANCES
REGION CODE ADDRESS : 27 WINDSOR ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 38.29300
----------------------------------------------------------------
0 0031374077 MORTGAGORS: DIPPEL LINDA
REGION CODE ADDRESS : 1040 CALLA PASEO
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,786.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.11 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: 1,311,550.00
P & I AMT: 9,001.22
UPB AMT: 1,310,667.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031374267 MORTGAGORS: PREVELIGE ANDREW
PREVELIGE SLAVICA
REGION CODE ADDRESS : 20 SKYLINE DRIVE
01 CITY : EASTON
STATE/ZIP : CT 06612
MORTGAGE AMOUNT : 488,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 488,028.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,373.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031374762 MORTGAGORS: LOPEZ JAIME
LOPEZ ELAINE
REGION CODE ADDRESS : 6060 EAST CONSTANTINE ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 262,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,067.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.80140
----------------------------------------------------------------
0 0031375397 MORTGAGORS: FOXWORTHY MICHAEL
FOXWORTHY VICKI
REGION CODE ADDRESS : 1553 CAMINO MAGENTA
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.08500
----------------------------------------------------------------
0 0031375421 MORTGAGORS: SANDERS THOMAS
SANDERS DIANE
REGION CODE ADDRESS : 5715 DESERT OAK WAY
01 CITY : SPRING
STATE/ZIP : TX 77379
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,700.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031375926 MORTGAGORS: RABUCHIN STEVEN
REGION CODE ADDRESS : 1639 10TH STREET WEST
01 CITY : KIRKLAND
STATE/ZIP : WA 98033
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 : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,757,000.00
P & I AMT: 12,051.12
UPB AMT: 1,755,285.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031376536 MORTGAGORS: MARSH SCOTT
MARSH CHRISTINE
REGION CODE ADDRESS : 2520 MAGNOLIA WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 364,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,630.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,484.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031376593 MORTGAGORS: LACHMAN ELIZABETH
FENIGER SUSAN
REGION CODE ADDRESS : 823 HANLEY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,649.97 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 0031376874 MORTGAGORS: COOKE JERRY
COOKE WANDA
REGION CODE ADDRESS : LOT 1 HARK LANE
01 CITY : SIMPSONVILLE
STATE/ZIP : SC 29681
MORTGAGE AMOUNT : 259,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,912.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.04400
----------------------------------------------------------------
0 0031376924 MORTGAGORS: BARTON TIMOTHY
BARTON JANICE
REGION CODE ADDRESS : 7601 GUNSTON PLACE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35242
MORTGAGE AMOUNT : 545,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,717.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.30100
----------------------------------------------------------------
0 0031376981 MORTGAGORS: WHEATLEY TIMOTHY
WHEATLEY ELIZABETH
REGION CODE ADDRESS : 16435 IRIS COURT
01 CITY : LAKEVILLE
STATE/ZIP : MN 55044
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,856.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.97 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: 1,879,550.00
P & I AMT: 12,927.34
UPB AMT: 1,878,049.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377021 MORTGAGORS: SCHWARTZ MARC
SCHWARTZ TERRI
REGION CODE ADDRESS : 2640 PRINCE STREET
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031377187 MORTGAGORS: ZAMORA ROBERT
ZAMORA NORMA
REGION CODE ADDRESS : 5535 CAMINO TECATE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,384.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.05600
----------------------------------------------------------------
0 0031377351 MORTGAGORS: SONG KYONGSOP
REGION CODE ADDRESS : 5439 OCEAN VIEW BOULEVARD
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031378383 MORTGAGORS: METHEANY JERRY
REGION CODE ADDRESS : 10278 SHELDON ROAD
01 CITY : ELK GROVE
STATE/ZIP : CA 95624
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,877.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.47880
----------------------------------------------------------------
0 0031378888 MORTGAGORS: TRACY THOMAS
TRACY VALERIE
REGION CODE ADDRESS : 1420 KNOLWOOD LANE
01 CITY : MENDOTA HEIGHTS
STATE/ZIP : MN 55118
MORTGAGE AMOUNT : 282,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,040.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.00600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,750.00
P & I AMT: 10,772.54
UPB AMT: 1,518,856.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031379019 MORTGAGORS: KAKUTANI DENNIS
KAKUTANI MARIE
REGION CODE ADDRESS : 5180 PARKFORD CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,721.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.81500
----------------------------------------------------------------
0 0031379282 MORTGAGORS: CLACK CHARLES
CLACK SUE
REGION CODE ADDRESS : 20 PEPPERRELL ROAD
01 CITY : KITTERY POINT
STATE/ZIP : ME 03905
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,915.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0031379324 MORTGAGORS: MESSERSCHMIDT PAUL
MESSERSCHMIDT JULIE
REGION CODE ADDRESS : 63 PHILLIPS AVENUE
01 CITY : ROCKPORT
STATE/ZIP : MA 01966
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,511.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 44.10600
----------------------------------------------------------------
0 0031380066 MORTGAGORS: SILAS SCOTT
VOCHKO-SILAS MOLLY
REGION CODE ADDRESS : 6201 RIDGE ROAD
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 497,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,436.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.28900
----------------------------------------------------------------
0 0031380132 MORTGAGORS: BRACE GLENN
BRACE SUSAN
REGION CODE ADDRESS : 319 HOLDEN WOOD ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.04800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,979,650.00
P & I AMT: 13,749.95
UPB AMT: 1,979,371.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031380462 MORTGAGORS: MACINTYRE DUAL
MACINTYRE KARA
REGION CODE ADDRESS : 15 MAPLEWOOD STREET
01 CITY : LARCHMONT
STATE/ZIP : NY 10538
MORTGAGE AMOUNT : 279,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,592.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031380561 MORTGAGORS: HAND RODNEY
HAND ELIZABETH
REGION CODE ADDRESS : 5530 EMERSON AVENUE
01 CITY : DALLAS
STATE/ZIP : TX 75209
MORTGAGE AMOUNT : 241,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,911.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.18400
----------------------------------------------------------------
0 0031380967 MORTGAGORS: SUPPLE WILLIAM
SUPPLE MARY
REGION CODE ADDRESS : 75 REDINGTON ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.47600
----------------------------------------------------------------
0 0031380975 MORTGAGORS: BOSWELL ARNOLD
BOSWELL MARY
REGION CODE ADDRESS : 1509 PINE HURST DRIVE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 318,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,644.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.16100
----------------------------------------------------------------
0 0031381155 MORTGAGORS: NISSIM JOHN
NISSIM SHERYL
REGION CODE ADDRESS : 35 LLANBERRIS RD
01 CITY : BALA CYNWYD
STATE/ZIP : PA 19004
MORTGAGE AMOUNT : 300,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,582.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,129.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,468,600.00
P & I AMT: 10,144.09
UPB AMT: 1,467,731.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031381189 MORTGAGORS: GEWIRZ MICHAEL
GEWIRZ CLEO
REGION CODE ADDRESS : 3214 39TH STREET N.W
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 376,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,956.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,566.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.33000
----------------------------------------------------------------
0 0031381957 MORTGAGORS: ENGLER GLENN
ENGLER KIMBERLY
REGION CODE ADDRESS : 11 LOCUST ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.85900
----------------------------------------------------------------
0 0031382104 MORTGAGORS: COHEN MICHAEL
MURIELLO LORI
REGION CODE ADDRESS : 34 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 312,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,605.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031382294 MORTGAGORS: TARABOI DEAN
TARABOI ANGELA
REGION CODE ADDRESS : 17790 STEADING ROAD
01 CITY : EDEN PARIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 306,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,119.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0031383169 MORTGAGORS: CHADIMA STEVEN
PORTERFIELD MARK
REGION CODE ADDRESS : 1186 KATELLA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,568.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,638.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.52900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,883,000.00
P & I AMT: 12,944.61
UPB AMT: 1,882,030.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031383284 MORTGAGORS: KARR GARY
KARR DOREE
REGION CODE ADDRESS : 3254 PURDUE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,730.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.59000
----------------------------------------------------------------
0 0031383409 MORTGAGORS: ROBLES EDWIN
ROBLES YONG
REGION CODE ADDRESS : 4580 KIELAND RIDGE ROAD
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031383490 MORTGAGORS: BLESSENT MICHAEL
BLESSENT IRENA
REGION CODE ADDRESS : 4421 BRINDISI STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 435,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,168.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,007.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.18100
----------------------------------------------------------------
0 0031383755 MORTGAGORS: VICK HOLLY
REGION CODE ADDRESS : 1375 DAVERIC DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,835.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.61500
----------------------------------------------------------------
0 0031384241 MORTGAGORS: MALONEY PAUL
REGION CODE ADDRESS : 2 WALDEN POND WAY
01 CITY : SOUTH BRUNSWICK TWP,
STATE/ZIP : NJ 08852
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.58000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,481,600.00
P & I AMT: 10,292.63
UPB AMT: 1,480,834.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031384282 MORTGAGORS: ZUREICK NASSER
ZUREICK ROULA
REGION CODE ADDRESS : 6478 RIVER RUN
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 281,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,647.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00900
----------------------------------------------------------------
0 0031384316 MORTGAGORS: COX ROBERT
COX BEVERLY
REGION CODE ADDRESS : 309 STOUT ROAD
01 CITY : AMBLER
STATE/ZIP : PA 19002
MORTGAGE AMOUNT : 252,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,098.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.63000
----------------------------------------------------------------
0 0031384472 MORTGAGORS: SCHMELING STEPHEN
SCHMELING JULIETTE
REGION CODE ADDRESS : 2022 WEMBLEY PLACE
01 CITY : ROCKFORD
STATE/ZIP : IL 61114
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0031384563 MORTGAGORS: LUTHER LAWRENCE
LUTHER PAMLA
REGION CODE ADDRESS : 36618 N. PEACEFUL PLACE
01 CITY : CAREFREE
STATE/ZIP : AZ 85377
MORTGAGE AMOUNT : 313,892.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,653.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.05900
----------------------------------------------------------------
0 0031384589 MORTGAGORS: WARD MICHAEL
WARD CAROL
REGION CODE ADDRESS : 2507 SPICKERT KNOB ROAD
01 CITY : FLOYDS KNOBS
STATE/ZIP : IN 47119
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,753.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.22300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,092.00
P & I AMT: 10,266.11
UPB AMT: 1,490,914.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031384704 MORTGAGORS: DYER RICHARD
DYER JOAN
REGION CODE ADDRESS : 2919 OAKBURY COURT
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031384902 MORTGAGORS: BELOTSERKOVSKY MAXIM
DVOROVENKO IRINA
REGION CODE ADDRESS : 161 WEST 61ST STREET #19H
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,624.22 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 : 80.00000
----------------------------------------------------------------
0 0031385065 MORTGAGORS: BUSCH TERRENCE
LESLIE LINDA
REGION CODE ADDRESS : 902 SHADY DRIVE, SE
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 164,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,077.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031385263 MORTGAGORS: MILLS JOHN
MILLS SARA
REGION CODE ADDRESS : 55 BRODEA WAY
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,520.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,351.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031385735 MORTGAGORS: DUFFY JOHN
DUFFY NATHALIE
REGION CODE ADDRESS : 1916 ARMAND COURT
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,743.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.31800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,587,000.00
P & I AMT: 10,762.19
UPB AMT: 1,585,888.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031386329 MORTGAGORS: BEYER GARY
BEYER JULIA
REGION CODE ADDRESS : 131 HOPEWELL-WERTSVILLE ROAD
01 CITY : HOPEWELL
STATE/ZIP : NJ 08525
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,671.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,983.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031386535 MORTGAGORS: SHAH DEVAL
SHAH DHATRI
REGION CODE ADDRESS : 5313 MAPLE VALLEY COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 255,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,835.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.74000
----------------------------------------------------------------
0 0031386949 MORTGAGORS: HACKLEY CHRISTOPHER
HACKLEY ANNMARIE
REGION CODE ADDRESS : 33 MCCANN STREET
01 CITY : OTTSVILLE
STATE/ZIP : PA 18942
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031386980 MORTGAGORS: HARTMAN STEVEN
HARTMAN HAZEL
REGION CODE ADDRESS : 5457 CONRAD
01 CITY : SKOKIE
STATE/ZIP : IL 60077
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.75800
----------------------------------------------------------------
0 0031387640 MORTGAGORS: BORSZCZ PETER
BORSZCZ CHRISTINE
REGION CODE ADDRESS : 12701 SUNSET RIDGE PLACE N.E.
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,813.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.38400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,596,050.00
P & I AMT: 10,971.62
UPB AMT: 1,595,320.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031387897 MORTGAGORS: GREEN SCOTT
GREEN LYNNE
REGION CODE ADDRESS : 14715 SOUTHEAST 46TH STREET
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 259,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,397.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031388580 MORTGAGORS: SIEGRIST LEE
SIEGRIST ILDIKO
REGION CODE ADDRESS : 20481 CELTIC STREET
01 CITY : CHATSWORTH AREA
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,044.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031389042 MORTGAGORS: GRANT THOMAS
GRANT JUDITH
REGION CODE ADDRESS : 6 ST JOHNS PLACE
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031389109 MORTGAGORS: ARREDONDO JOSE
ARREDONDO DIANE
REGION CODE ADDRESS : 12755 CANTER DRIVE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,791.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031389638 MORTGAGORS: LYLE KIRK
LYLE LYNN
REGION CODE ADDRESS : 6471 SERENGETI PLACE
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,815.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.76400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,200.00
P & I AMT: 9,530.03
UPB AMT: 1,407,802.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031389828 MORTGAGORS: SIMPSON DAVID
SIMPSON PEGGY
REGION CODE ADDRESS : 2801 SOUTH JALEE COURT (WALNUT AREA
01 CITY : CORONA DEL MAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,242.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031389869 MORTGAGORS: BEEBE DENNIS
BEEBE TAMARA
REGION CODE ADDRESS : 7701 WEST ACOMA DRIVE
01 CITY : PEORIA
STATE/ZIP : AZ 85381
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,707.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.21700
----------------------------------------------------------------
0 0031390461 MORTGAGORS: SIMON RANDI
LEVY STEPHEN
REGION CODE ADDRESS : 659 DUNE ROAD
01 CITY : WESTHAMPTON
STATE/ZIP : NY 11978
MORTGAGE AMOUNT : 361,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 46.28200
----------------------------------------------------------------
0 0031390651 MORTGAGORS: MCCLATCHY RICHARD
MCCLATCHY MARIANNE
REGION CODE ADDRESS : 2240 HILLTOP VIEW ROAD
01 CITY : UNIONVILLE
STATE/ZIP : PA 19375
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,195.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031390685 MORTGAGORS: PENETRANTE ELEUTERIO
PENETRANTE MARIAN
REGION CODE ADDRESS : 575 PASEO ROSAL
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 258,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,498.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,950,200.00
P & I AMT: 13,345.99
UPB AMT: 1,949,448.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031390743 MORTGAGORS: KEITHAHN TIMOTHY
KEITHAHN KIMBERLY
REGION CODE ADDRESS : 10438 SIOUX RIVER CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
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 : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.47019
----------------------------------------------------------------
0 0031391139 MORTGAGORS: HAAS BRYAN
PENNING LINDA
REGION CODE ADDRESS : 5170 CHESNEY GLEN DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 240,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,048.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,578.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031391584 MORTGAGORS: HOLDER SANDRA
REGION CODE ADDRESS : 4504 SALISBURY DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,332.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031391659 MORTGAGORS: KOERNER MICHAEL
KOERNER FRANCES
REGION CODE ADDRESS : 4023 EXULTANT DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 367,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,899.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,442.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031391709 MORTGAGORS: DANNENBERG BERNARD
REGION CODE ADDRESS : 2773 PELHAM PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 459,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,841.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.55 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: 1,544,150.00
P & I AMT: 10,554.01
UPB AMT: 1,542,772.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031392129 MORTGAGORS: LOUGHRAN MICHAEL
LOUGHRAN PATRICIA
REGION CODE ADDRESS : 7 ELM DRIVE
01 CITY : CANTON
STATE/ZIP : MA 02021
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.03300
----------------------------------------------------------------
0 0031392616 MORTGAGORS: ALLEN THOMAS
ALLEN NORMA
REGION CODE ADDRESS : 8160 E ANGEL SPIRIT DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 261,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,865.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031392814 MORTGAGORS: KOBAYASHI BRUCE
BURTIS MICHELLE
REGION CODE ADDRESS : 1116 AMANDA DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 389,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,721.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.61400
----------------------------------------------------------------
0 0031392871 MORTGAGORS: HARDWICK WILLIAM
HARDWICK RHONDA
REGION CODE ADDRESS : 500 PARK HILL CIRCLE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35242
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,112.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031393150 MORTGAGORS: MOLSON CYNTHIA
REGION CODE ADDRESS : 3050 BONNER SPRING RANCH ROAD
01 CITY : LAPORTE
STATE/ZIP : CO 80535
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 45.30973
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,550.00
P & I AMT: 10,158.45
UPB AMT: 1,451,983.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031393176 MORTGAGORS: LOTH ANNE
REGION CODE ADDRESS : 3013 ROSE ARBOR COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 295,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,157.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.89200
----------------------------------------------------------------
0 0031393465 MORTGAGORS: TAYLOR SCOTT
FINCH TAYLOR VIRGINIA
REGION CODE ADDRESS : 1080 FIFTH AVENUE #5A
01 CITY : NEW YORK
STATE/ZIP : NY 10128
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.71200
----------------------------------------------------------------
0 0031393713 MORTGAGORS: GIANITSOS ANESTI
GIANITSOS KIMBERLY
REGION CODE ADDRESS : 1505 BOYER BOULEVARD
01 CITY : NORRISTOWN
STATE/ZIP : PA 19401
MORTGAGE AMOUNT : 270,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031393747 MORTGAGORS: GROOMS KENNETH
MORTON-GROOMS KAREN
REGION CODE ADDRESS : 41 JANET ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02159
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.10700
----------------------------------------------------------------
0 0031393820 MORTGAGORS: LEICHTER DONALD
LEICHTER ROSEMARIE
REGION CODE ADDRESS : 17 JORDANNA COURT
01 CITY : BEDMINSTER TOWNSHIP
STATE/ZIP : NJ 07921
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,630.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,832,300.00
P & I AMT: 12,515.99
UPB AMT: 1,831,380.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031393861 MORTGAGORS: NYHEIM THOMAS
NYHEIM DEBORAH
REGION CODE ADDRESS : 1011 BOXWOOD COURT
01 CITY : UPPER MERION TOWNSHIP
STATE/ZIP : PA 19406
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 931.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 250
LTV : 54.90100
----------------------------------------------------------------
0 0031394109 MORTGAGORS: CRONE ROBERT
PULLEN-CRONE AMANDA
REGION CODE ADDRESS : 18 CUMBERLAND STREET
01 CITY : BOSTON
STATE/ZIP : MA 02115
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.14800
----------------------------------------------------------------
0 0031394257 MORTGAGORS: OUDERKIRK ANDREW
OUDERKIRK DIANNE
REGION CODE ADDRESS : 1901 MADERA VISTA LANE
01 CITY : RESCUE
STATE/ZIP : CA 95672
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,768.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.01900
----------------------------------------------------------------
0 0031394430 MORTGAGORS: FAVATA LINDA
FAVATA JEROME
REGION CODE ADDRESS : 14E FARMINGTON DRIVE
01 CITY : SHREWSBURY
STATE/ZIP : MA 01545
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031395478 MORTGAGORS: SMITH DOUGLAS
REGION CODE ADDRESS : 16725 NORRBOM ROAD
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,610.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,255.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 58.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,925,900.00
P & I AMT: 13,566.77
UPB AMT: 1,925,278.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031395700 MORTGAGORS: FOSTER ROBERT
FOSTER SANDRA
REGION CODE ADDRESS : 28351 QUIET HILL LANE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,523.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031395908 MORTGAGORS: MORRIS ROBERT
ADSIT LAURIEL
REGION CODE ADDRESS : 4401 HURFANO AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92117
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,233.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031396138 MORTGAGORS: ERIAN HANY
ERIAN MARY
REGION CODE ADDRESS : 2030 NORTH BEVERLY GLEN BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031396203 MORTGAGORS: ERICH DAVID
ERICH DENISE
REGION CODE ADDRESS : 15206 SPRING WATER CIRCLE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78247
MORTGAGE AMOUNT : 98,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 98,349.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 680.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031396252 MORTGAGORS: SILVERA DANNY
REGION CODE ADDRESS : 3311 ALMA AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,276,900.00
P & I AMT: 8,836.52
UPB AMT: 1,275,617.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031396302 MORTGAGORS: FRYE CARY
FRYE GARY
REGION CODE ADDRESS : 8919 DAY LILY COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 323,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,677.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031396617 MORTGAGORS: FISHBAUGH MARGARET
FISHBAUGH ROBERT
REGION CODE ADDRESS : 4301 GRAINWOOD CIRCLE NE
01 CITY : PRIOR LAKE
STATE/ZIP : MN 55372
MORTGAGE AMOUNT : 364,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,122.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031397318 MORTGAGORS: HESS STEVEN
HESS LOUANNE
REGION CODE ADDRESS : 2265 LONGWOOD DRIVE
01 CITY : RENO
STATE/ZIP : NV 89509
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0031398316 MORTGAGORS: MORNAY PATRICK
REGION CODE ADDRESS : 603 WENTWORTH DRIVE
01 CITY : PHOENIXVILLE
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 86,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 85,939.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 616.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.41081
----------------------------------------------------------------
0 0031398498 MORTGAGORS: BALLANTYNE DOUGLAS
BALLANTYNE MARILYN
REGION CODE ADDRESS : 45 THE FAIRWAYS
01 CITY : IPSWICH
STATE/ZIP : MA 01938
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.50500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,398,350.00
P & I AMT: 9,482.34
UPB AMT: 1,397,739.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031399660 MORTGAGORS: WALKER RICHARD
WALKER BONNIE
REGION CODE ADDRESS : SAW MILL HILL ROAD
01 CITY : WELLS
STATE/ZIP : VT 05774
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,774.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.67600
----------------------------------------------------------------
0 0031400542 MORTGAGORS: MATES TERI
REGION CODE ADDRESS : 1 IRON FORGE SQUARE #20
01 CITY : BOROUGH OF POMPTON LAKES
STATE/ZIP : NJ 07442
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 90,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 568.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031401094 MORTGAGORS: TOKUYAMA JEANNETTE
NIKCHEVICH DONALD
REGION CODE ADDRESS : 2357 WINDWARD CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,730.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.84200
----------------------------------------------------------------
0 0031401193 MORTGAGORS: RAYNES JEFFRY
REGION CODE ADDRESS : 2574 HOLLY MANOR DR.
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031401367 MORTGAGORS: MURREY JAMES
MURREY VALLIE
REGION CODE ADDRESS : 317 SAYERS FOREST DRIVE
01 CITY : QUEENSTOWN
STATE/ZIP : MD 21658
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,684.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.56140
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,000.00
P & I AMT: 9,926.38
UPB AMT: 1,447,957.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031402803 MORTGAGORS: PANKEY MARY
DOWLING DIANE
REGION CODE ADDRESS : 25751 DURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 260,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,536.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031403405 MORTGAGORS: ADAMS JAMES
ADAMS MARISELA
REGION CODE ADDRESS : 106 BRADBURY HILLS LANE
01 CITY : BRADBURY
STATE/ZIP : CA 91010
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,488.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,005.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 62.01500
----------------------------------------------------------------
0 0031403447 MORTGAGORS: BOKISCH NIKOLAS
CAMPILLO CHRISTINA
REGION CODE ADDRESS : 385 MESA WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,739.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,643.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031403736 MORTGAGORS: DEFRONZO STEPHEN
ANDERSON ANN
REGION CODE ADDRESS : 41 MAPLE STREET
01 CITY : STONEHAM
STATE/ZIP : MA 02180
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031403843 MORTGAGORS: HAMORI ANDRAS
HAMORI RUTH
REGION CODE ADDRESS : 200 EAST 24TH ST. #1507
01 CITY : NEW YORK
STATE/ZIP : NY 10010
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 566.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,361,750.00
P & I AMT: 9,755.01
UPB AMT: 1,360,586.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031403934 MORTGAGORS: LANE ANTHONY
REGION CODE ADDRESS : 819 WATERFALL WAY
01 CITY : CHESAPEAKE
STATE/ZIP : VA 23320
MORTGAGE AMOUNT : 263,490.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,490.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.62200
----------------------------------------------------------------
0 0031404056 MORTGAGORS: LEFTON MARTIN
LEFTON JACQUELINE
REGION CODE ADDRESS : 12432 PALMTAG DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,563.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,820.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031404171 MORTGAGORS: HILLIKER MARK
HILLIKER MARY
REGION CODE ADDRESS : 331 SOUTH SURFSIDE DRIVE
01 CITY : GILBERT
STATE/ZIP : AZ 85233
MORTGAGE AMOUNT : 249,306.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,125.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99977
----------------------------------------------------------------
0 0031404510 MORTGAGORS: AMUNDSON MARTIN
AMUNDSON WILMA
REGION CODE ADDRESS : 4902 64TH DRIVE WEST
01 CITY : BRADENTON
STATE/ZIP : FL 34210
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031404577 MORTGAGORS: BAUGHAN PETER
BAUGHAN ELIZABETH
REGION CODE ADDRESS : 294 NASSAU STREET
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,722.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,255.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.11000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,831,796.00
P & I AMT: 12,458.31
UPB AMT: 1,830,900.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031404734 MORTGAGORS: HOLTON STEPHEN
HOLTON JOANNE
REGION CODE ADDRESS : 106 NEWTON ROAD
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 299,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 85.93100
----------------------------------------------------------------
0 0031405061 MORTGAGORS: MC CLURE JAMES
MC CLURE KATHERINE
REGION CODE ADDRESS : 7 KENDALL STREET
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 86.60900
----------------------------------------------------------------
0 0031405228 MORTGAGORS: JENSEN LAURA
JENSEN RODERICK
REGION CODE ADDRESS : 9 HARKNESS ROAD
01 CITY : PELHAM
STATE/ZIP : MA 01002
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.73000
----------------------------------------------------------------
0 0031405749 MORTGAGORS: MEADE LEON
MEADE GAIL
REGION CODE ADDRESS : 23838 S BARLOW ROAD
01 CITY : CANBY
STATE/ZIP : OR 97013
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 : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 34.94623
----------------------------------------------------------------
0 0031406317 MORTGAGORS: ELLIOTT THOMAS
ELLIOTT CAROL
REGION CODE ADDRESS : 5209 MADISON AVENUE
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,411,300.00
P & I AMT: 9,536.37
UPB AMT: 1,411,033.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031406853 MORTGAGORS: BRUBAKER RICHARD
BRUBAKER VICTORIA
REGION CODE ADDRESS : 15478 EAGLE TAVERN LANE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031407315 MORTGAGORS: ANDERSON JEAN
REGION CODE ADDRESS : 2218-2220 HUGHITT AVENUE
01 CITY : SUPERIOR
STATE/ZIP : WI 54880
MORTGAGE AMOUNT : 67,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 67,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 513.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031407349 MORTGAGORS: DAVISON SARAH
REGION CODE ADDRESS : 15977 CALA ROJO DRIVE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80926
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.38800
----------------------------------------------------------------
0 0031407455 MORTGAGORS: THORPE CHRISTOPHER
THORPE SHERRY
REGION CODE ADDRESS : 1704 141ST STREET NW
01 CITY : MARYSVILLE
STATE/ZIP : WA 98271
MORTGAGE AMOUNT : 272,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031408636 MORTGAGORS: CONWAY THOMAS
CONWAY KAREN
REGION CODE ADDRESS : 6410 BARRINGTON DR
01 CITY : FREDERICK
STATE/ZIP : MD 21701
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,584.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,140,750.00
P & I AMT: 7,792.37
UPB AMT: 1,140,325.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031409006 MORTGAGORS: RAY MONTE
RAY LORETTA
REGION CODE ADDRESS : 12273 SOUTH CYPRESS POINT WAY
01 CITY : DRAPER
STATE/ZIP : UT 84020
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.91000
----------------------------------------------------------------
0 0031410376 MORTGAGORS: ZOTOV BORIS
ZOTOVA IRINA
REGION CODE ADDRESS : 593 BLAIRBURRY WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,976.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,881.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031410541 MORTGAGORS: DOSS ABBE
PATTON LISLE
REGION CODE ADDRESS : 6016 PINNACLE CIRCLE
01 CITY : LITTLE ELM
STATE/ZIP : TX 75068
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,487.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031410624 MORTGAGORS: SMITH STUART
SMITH CHERYL
REGION CODE ADDRESS : 12822 PINEY POINT PLACE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 275,840.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,608.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031410640 MORTGAGORS: MILLER ROBERT
MILLER GAIL
REGION CODE ADDRESS : 5208 PALM DR
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 544,047.43 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 : 75.34246
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,769,040.00
P & I AMT: 12,181.57
UPB AMT: 1,762,120.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031411044 MORTGAGORS: KOLOCK ROBERT
KOLOCK MARY
REGION CODE ADDRESS : 170 BRITTANY WAY
01 CITY : BLUE BELL
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 417,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,778.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031411093 MORTGAGORS: FORMAN RONALD
FORMAN MARY
REGION CODE ADDRESS : 1612 ARBORCREEK TRAIL
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 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 : 52.71000
----------------------------------------------------------------
0 0031411788 MORTGAGORS: LUTTRELL GARY
REGION CODE ADDRESS : 15133 DE LA PENA CIRCLE
01 CITY : RANCHO MURIETA
STATE/ZIP : CA 95683
MORTGAGE AMOUNT : 313,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,528.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.61900
----------------------------------------------------------------
0 0031411895 MORTGAGORS: PEARSON GILBERT
REGION CODE ADDRESS : 1940 STOCKTON STREET #303
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94133
MORTGAGE AMOUNT : 333,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,253.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031411929 MORTGAGORS: LUNDELL DON
HOWELL FRANCINE
REGION CODE ADDRESS : 165 WATERMAN GAP LOOP
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,486.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,697.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,786,750.00
P & I AMT: 12,528.82
UPB AMT: 1,784,608.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031412570 MORTGAGORS: VINCENT GAUTHIER
VINCENT VALERIE
REGION CODE ADDRESS : 3 AULDWOOD ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06902
MORTGAGE AMOUNT : 389,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,688.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0031412588 MORTGAGORS: SAFWAT HEMMAT
SAFWAT MOUCHIRA
REGION CODE ADDRESS : 1305 PROVINDENCE TERRACE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,853.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031412653 MORTGAGORS: GELBER PETER
GELBER PEGGY
REGION CODE ADDRESS : 3819 CORNELL ROAD
01 CITY : AGOURA AREA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,691.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.90909
----------------------------------------------------------------
0 0031412802 MORTGAGORS: RAGLAND DAVID
RAGLAND KATHLEEN
REGION CODE ADDRESS : 3068 WINDMILL CANYON DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,067.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031413909 MORTGAGORS: SACCA JAMES
SACCA TERESA
REGION CODE ADDRESS : 2060 BROOKSIDE DRIVE
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,771,700.00
P & I AMT: 12,267.06
UPB AMT: 1,769,958.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031414048 MORTGAGORS: STARKOVICH THOMAS
STARKOVICH JOAN
REGION CODE ADDRESS : 742 NEUCHATEL AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031414188 MORTGAGORS: MITCHELL PAUL
REGION CODE ADDRESS : 727 WEST PONCE DE LEON AVENUE,
01 CITY : DECATUR,
STATE/ZIP : GA 30030
MORTGAGE AMOUNT : 311,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,207.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,124.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.43000
----------------------------------------------------------------
0 0031414279 MORTGAGORS: YORKE STEPHEN
YORKE SHARON
REGION CODE ADDRESS : 6720 CAMMINO DEL RAY
01 CITY : BONSALL
STATE/ZIP : CA 92003
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,824.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031414360 MORTGAGORS: HEENEY EDWARD
REGION CODE ADDRESS : 2 PILGRIM ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.94800
----------------------------------------------------------------
0 0031414451 MORTGAGORS: LIVERPOOL JOSEPH
LIVERPOOL CONNIE
REGION CODE ADDRESS : 6954 BENNINGTON DRIVE
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,600.00
P & I AMT: 9,284.69
UPB AMT: 1,339,944.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031414519 MORTGAGORS: GRAY DAVID
GRAY MARY
REGION CODE ADDRESS : 13802 LAUREL ROCK COURT
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031414527 MORTGAGORS: CONNOLLY PETER
REGION CODE ADDRESS : 81 MONHEGON AVENUE
01 CITY : OAKLAND
STATE/ZIP : NJ 07436
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031414683 MORTGAGORS: GOLD RICHARD
GOLD GERALDINE
REGION CODE ADDRESS : 3140 SPRING STREET
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48322
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,853.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031415292 MORTGAGORS: MEYER SCOTT
MEYER KARIN
REGION CODE ADDRESS : 11531 EAST BUCKSKIN TRAIL
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,803.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.70400
----------------------------------------------------------------
0 0031416209 MORTGAGORS: QUACKENBOSS RICHARD
QUACKENBOSS TRACEY
REGION CODE ADDRESS : 32 SUGAR HILL ROAD
01 CITY : KINNELON
STATE/ZIP : NJ 07405
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.97500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,700.00
P & I AMT: 9,366.42
UPB AMT: 1,339,357.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031416415 MORTGAGORS: NARES RICHARD
NARES DIANE
REGION CODE ADDRESS : 1811 FORT STOCKTON DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,830.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031416514 MORTGAGORS: VASQUEZ RAUL
PETERSON MARLA
REGION CODE ADDRESS : 28119 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 251,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,613.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031416613 MORTGAGORS: DUBICK FRED
SHUHAM ELLEN
REGION CODE ADDRESS : 24915 JOHN FREMONT ROAD
01 CITY : HIDDEN HILLS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,505.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.27100
----------------------------------------------------------------
0 0031416639 MORTGAGORS: KOGURA JOHN
KOGURA CATHERINE
REGION CODE ADDRESS : 345 CREST DRIVE
01 CITY : SNA JOSE
STATE/ZIP : CA 95127
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 : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031416845 MORTGAGORS: MOORE JAMES
MOORE LORIE
REGION CODE ADDRESS : 5099 EL ROBLE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 314,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,128.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,252.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,818,150.00
P & I AMT: 12,679.71
UPB AMT: 1,816,790.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031417330 MORTGAGORS: KRUMPHOLZ KURT
KRUMPHOLZ DEBRA
REGION CODE ADDRESS : 11571 LAS LUCES
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 476,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,137.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,291.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.59200
----------------------------------------------------------------
0 0031417389 MORTGAGORS: FOSTER CHRISTOPHER
MARCHIONA-FOSTER LORA
REGION CODE ADDRESS : 330 STILES COURT WEST
01 CITY : POMPTON LAKES
STATE/ZIP : NJ 07442
MORTGAGE AMOUNT : 134,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 915.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/23
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 78.82300
----------------------------------------------------------------
0 0031417512 MORTGAGORS: IANNINI FREDERICK
IANNINI CLAIRE
REGION CODE ADDRESS : 106 VILLAGE WAY
01 CITY : BRICK
STATE/ZIP : NJ 08724
MORTGAGE AMOUNT : 102,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 102,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 704.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.83000
----------------------------------------------------------------
0 0031417785 MORTGAGORS: BURKE ROBERT
BURKE CANDIDA
REGION CODE ADDRESS : 154 MILL STREET
01 CITY : MANSFIELD
STATE/ZIP : MA 02048
MORTGAGE AMOUNT : 142,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 982.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031417793 MORTGAGORS: HODGE JOHN
HODGE SUZANNE
REGION CODE ADDRESS : LOT 29 WARREN ROAD
01 CITY : TOWNSEND
STATE/ZIP : MA 01469
MORTGAGE AMOUNT : 154,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,012.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.34400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,008,800.00
P & I AMT: 6,905.32
UPB AMT: 1,008,437.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031417934 MORTGAGORS: SCHNUR ALAN
SCHNUR KATHLEEN
REGION CODE ADDRESS : 522 DUNELLEN AVENUE
01 CITY : DUNELLEN
STATE/ZIP : NJ 08812
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 90,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 725.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.74800
----------------------------------------------------------------
0 0031418155 MORTGAGORS: DOMEREGO JEAN
DOMEREGO SHERRY
REGION CODE ADDRESS : 4051 SALACIA DRIVE
01 CITY : IRVINE
STATE/ZIP : CA 92720
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,600.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.46478
----------------------------------------------------------------
0 0031418262 MORTGAGORS: MRZYGLOCKI PETER
HOLETON MARCY
REGION CODE ADDRESS : 954 STANYAN STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,813.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.30900
----------------------------------------------------------------
0 0031418916 MORTGAGORS: SINGH RAJESH
SINGH ALICIA
REGION CODE ADDRESS : 5025 NORTHAMPTON COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,197.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031418999 MORTGAGORS: HANSEN KEVIN
HANSEN LORRIE
REGION CODE ADDRESS : 8126 KILDARE AVENUE
01 CITY : SKOKIE
STATE/ZIP : IL 60076
MORTGAGE AMOUNT : 154,375.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,375.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,053.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,083,775.00
P & I AMT: 7,816.25
UPB AMT: 1,082,987.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031420045 MORTGAGORS: HITE BRIAN
HITE SHARRIE
REGION CODE ADDRESS : 22726 SANDALWOOD
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,442.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.24100
----------------------------------------------------------------
0 0031420227 MORTGAGORS: TYLER MICHELLE
AGUIAR WALTER
REGION CODE ADDRESS : 4185 BEACON PLACE
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 261,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,160.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031420375 MORTGAGORS: CHESTNUT VERNON
CHESTNUT REGINA
REGION CODE ADDRESS : 1566 HERON AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,740.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031420532 MORTGAGORS: KNOWLTON PAUL
KNOWLTON JEANNINE
REGION CODE ADDRESS : 5620 GILLUM DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,688.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.81400
----------------------------------------------------------------
0 0031421548 MORTGAGORS: JOHNSON MICHAEL
JOHNSON MARSHA
REGION CODE ADDRESS : 2056 DIAMOND WAY
01 CITY : FAIRFIELD
STATE/ZIP : CA 94533
MORTGAGE AMOUNT : 113,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,513.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 784.61 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: 1,478,950.00
P & I AMT: 10,227.53
UPB AMT: 1,477,546.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031421720 MORTGAGORS: FELDENKRIS ALAN
REGION CODE ADDRESS : 4416 OSSIAN HALL LANE
01 CITY : ANNADALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 199,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,308.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031421738 MORTGAGORS: MERRIMAN ALLEN
MIX LORI
REGION CODE ADDRESS : 3304 VERNON STREET N.
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,724.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,317.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031421746 MORTGAGORS: DUNCAN RICHARD
DUNCAN TERESA
REGION CODE ADDRESS : 1250 NEW BEDFORD LANE
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 435,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,968.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031422017 MORTGAGORS: MAYVILLE ROBERT
MAYVILLE MARY
REGION CODE ADDRESS : 4440 ZIG ZAG LANE
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 145,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,897.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,038.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.41800
----------------------------------------------------------------
0 0031422355 MORTGAGORS: WHITE MARY
WALKER DAVID
REGION CODE ADDRESS : 3002 213TH STREET SOUTHEAST
01 CITY : BOTHELL
STATE/ZIP : WA 98021
MORTGAGE AMOUNT : 294,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,131.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,750.00
P & I AMT: 9,691.96
UPB AMT: 1,417,154.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031422447 MORTGAGORS: ZAPF ROBERT
ZAPF ANNE
REGION CODE ADDRESS : 1648 ASPENWALL ROAD
01 CITY : WESTLAKE VILLAGE AREA
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 374,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,122.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,617.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031422694 MORTGAGORS: SHEARER GARY
SHEARER JACQUELINE
REGION CODE ADDRESS : 844 ROSEWOOD DRIVE
01 CITY : VILLA HILLS
STATE/ZIP : KY 41017
MORTGAGE AMOUNT : 329,682.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,682.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,655.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 43.95700
----------------------------------------------------------------
0 0031423064 MORTGAGORS: NEIL GARY
NEIL LYNDA
REGION CODE ADDRESS : 2900 AMBER OAKS COURT
01 CITY : OAK HILL
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 393,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,652.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031423130 MORTGAGORS: TOOTHMAN RICHARD
TOOTHMAN DERONDA
REGION CODE ADDRESS : 400 COLCHESTER DRIVE
01 CITY : KNIGHTDALE
STATE/ZIP : NC 27545
MORTGAGE AMOUNT : 103,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 102,799.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 790.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/18
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 87.88300
----------------------------------------------------------------
0 0031423361 MORTGAGORS: CASTLE STEVEN
CASTLE JULIE
REGION CODE ADDRESS : 2081 TAHOE MOUNTAIN ROAD
01 CITY : SOUTH LAKE TAHOE
STATE/ZIP : CA 96150
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,106.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,232.00
P & I AMT: 10,862.96
UPB AMT: 1,492,359.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031423544 MORTGAGORS: HUNT PATRICK
HUNT LINDA
REGION CODE ADDRESS : 2007 STANWICH DRIVE
01 CITY : BERWYN
STATE/ZIP : PA 19312
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.89500
----------------------------------------------------------------
0 0031424526 MORTGAGORS: LEIGH KENNETH
LEIGH STACY
REGION CODE ADDRESS : 2900 W OAK SHORES DRIVE
01 CITY : CROSS ROADS
STATE/ZIP : TX 76227
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,801.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.00000
----------------------------------------------------------------
0 0031425267 MORTGAGORS: MALINOW ROBERT
MALINOW MICHELLE
REGION CODE ADDRESS : 24014 MEREDITH COURT
01 CITY : WEST HILLS AREA
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,172.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031425630 MORTGAGORS: COHN CYNTHIA
STARR ROBERT
REGION CODE ADDRESS : 700 BUENA VISTA WAY
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 404,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,518.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 53.98000
----------------------------------------------------------------
0 0031425648 MORTGAGORS: HERSHMAN HAL
HERSHMAN KAREN
REGION CODE ADDRESS : 614 GLEN MEADOW ROAD
01 CITY : RICHBORO
STATE/ZIP : PA 18954
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 : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.01300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,698,250.00
P & I AMT: 11,519.90
UPB AMT: 1,697,492.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031426034 MORTGAGORS: MOORE PETER
MOORE BERNICE
REGION CODE ADDRESS : 6 HICKORY DRIVE
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.20400
----------------------------------------------------------------
0 0031426349 MORTGAGORS: GORECKI JOHN
GORECKI CATHERINE
REGION CODE ADDRESS : 165 HARVARD STREET
01 CITY : NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031426653 MORTGAGORS: BRUCE CARL
BRUCE JULIA
REGION CODE ADDRESS : 82 HOBBY DRIVE
01 CITY : RIDGEFIELD
STATE/ZIP : CT 08677
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.94000
----------------------------------------------------------------
0 0031427099 MORTGAGORS: SANCHEZ JOSE
LUNA LIDIA
REGION CODE ADDRESS : 80 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 421,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,687.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,943.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031428097 MORTGAGORS: AMATO PETER
AMATO DEBRA
REGION CODE ADDRESS : 100 HUMPHREY STREET
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 212,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 212,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,469.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,400.00
P & I AMT: 10,620.79
UPB AMT: 1,502,087.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031428188 MORTGAGORS: JOSEPH JOSEPH
JOSEPH WILLOW
REGION CODE ADDRESS : 699 VIA CIELITO
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 565,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,711.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.87000
----------------------------------------------------------------
0 0031428493 MORTGAGORS: DENNY DARREL
DENNY SUSANNE
REGION CODE ADDRESS : 73 HEATHER WAY
01 CITY : LAKESPAR
STATE/ZIP : CA 94939
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.68800
----------------------------------------------------------------
0 0031428519 MORTGAGORS: HONAKER KEVIN
HONAKER JODI
REGION CODE ADDRESS : 28086 NORTH LIANA LANE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 240,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,525.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031428535 MORTGAGORS: BARKANN MICHAEL
BARKANN ELLEN
REGION CODE ADDRESS : 3 HOWE COURT
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,780.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031428568 MORTGAGORS: DALY BRIAN
REGION CODE ADDRESS : 28152 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,600.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,604,500.00
P & I AMT: 10,978.19
UPB AMT: 1,603,728.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031428584 MORTGAGORS: SPAGNUOLO CHARLES
SPAGNUOLO KIMBERLY
REGION CODE ADDRESS : 2303 HALYARD LANE
01 CITY : CHESAPEAKE
STATE/ZIP : VA 23323
MORTGAGE AMOUNT : 92,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 92,183.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 652.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 88.70100
----------------------------------------------------------------
0 0031429061 MORTGAGORS: GRAY PETER
GRAY PHYLLIS
REGION CODE ADDRESS : 2217 CHAMPLAIN COURT
01 CITY : UNION CITY
STATE/ZIP : CA 94587
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.95400
----------------------------------------------------------------
0 0031429657 MORTGAGORS: MYERS RANDAL
REGION CODE ADDRESS : 28063 NORTH LIANA LANE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 256,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,554.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031429665 MORTGAGORS: CHRISTIANSON DANA
CHRISTIANSON DEBORAH
REGION CODE ADDRESS : 25757 DURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 306,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,660.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,093.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031431414 MORTGAGORS: COTTER PAUL
COTTER PATSY
REGION CODE ADDRESS : 2541 BEXLEY COURT
01 CITY : SNELLVILLE
STATE/ZIP : GA 30078
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,793.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,253,900.00
P & I AMT: 8,650.09
UPB AMT: 1,252,943.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031431943 MORTGAGORS: SULLIVAN JAMES
REGION CODE ADDRESS : 70 THIRD STREET
01 CITY : PEQUANNOCK
STATE/ZIP : NJ 07440
MORTGAGE AMOUNT : 113,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 799.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.26100
----------------------------------------------------------------
0 0031432347 MORTGAGORS: LA GRANGE CHERIE
REGION CODE ADDRESS : 30392 LA VUE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 422,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,950.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.92400
----------------------------------------------------------------
0 0031432768 MORTGAGORS: JAHAN JACOB
REGION CODE ADDRESS : 5175 DENSMORE AVENUE
01 CITY : ENCINO AREA
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,812.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031433162 MORTGAGORS: RYAN JOHN
RYAN PATRICIA
REGION CODE ADDRESS : 25735 DURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 272,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,347.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031433204 MORTGAGORS: PIERCE KIRK
PIERCE DEBRA
REGION CODE ADDRESS : LOT 7 FLAX COURT
01 CITY : PURCELLVILLE
STATE/ZIP : VA 20132
MORTGAGE AMOUNT : 283,912.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,706.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.45300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,357,462.00
P & I AMT: 9,571.39
UPB AMT: 1,356,866.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031433345 MORTGAGORS: CIESINSKI MARTIN
CIESINSKI DONNA
REGION CODE ADDRESS : 22 COUSINS STREET
01 CITY : NORTHPORT
STATE/ZIP : NY 11768
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,668.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,899.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.03300
----------------------------------------------------------------
0 0031433402 MORTGAGORS: PAGE-PAGTER SCOTT
PAGE-PAGTER LINDA
REGION CODE ADDRESS : 23405 WINSLOW PLACE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.33800
----------------------------------------------------------------
0 0031433808 MORTGAGORS: HARYCKI KENNETH
HARYCKI MARY
REGION CODE ADDRESS : 2004 HAZEL COURT
01 CITY : STILLWATER
STATE/ZIP : MN 55082
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.53400
----------------------------------------------------------------
0 0031434012 MORTGAGORS: LOSONCZY MIKLOS
MERRITT BRENDA
REGION CODE ADDRESS : 1055 SOUNDVIEW ROAD
01 CITY : ORIENT
STATE/ZIP : NY 11957
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 : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.23500
----------------------------------------------------------------
0 0031434046 MORTGAGORS: MATTERA UGO
MATTERA PIETRO
REGION CODE ADDRESS : 6 TIMOTHY ROAD
01 CITY : NORWALK
STATE/ZIP : CT 06851
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 79.80400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,517,000.00
P & I AMT: 10,701.53
UPB AMT: 1,516,462.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031435175 MORTGAGORS: PARK BRIAN
PARK SHARON
REGION CODE ADDRESS : 1935 SHARON PLACE
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.46900
----------------------------------------------------------------
0 0031435522 MORTGAGORS: DOYLE JOHN
DOYLE LISA
REGION CODE ADDRESS : 12932 BUBBLING WELL ROAD
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,305.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.17100
----------------------------------------------------------------
0 0031435670 MORTGAGORS: NELSON RICHARD
NELSON BEVERLY
REGION CODE ADDRESS : 20704 COLLEGEWOOD DRIVE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 172,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,523.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,193.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031436249 MORTGAGORS: GUMERSON TED
GUMERSON GINA
REGION CODE ADDRESS : 1559 PHANTOM AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,732.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031436306 MORTGAGORS: KOEPF SCOTT
KOEPF PAMELA
REGION CODE ADDRESS : 726 SAN JUAN COURT
01 CITY : CONCORD
STATE/ZIP : CA 94518
MORTGAGE AMOUNT : 267,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,415.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.93800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,900.00
P & I AMT: 9,461.48
UPB AMT: 1,347,759.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031436819 MORTGAGORS: MOORE DANIEL
MOORE BRENDA
REGION CODE ADDRESS : 60815 CURRANT WAY
01 CITY : BEND
STATE/ZIP : OR 97702
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.51000
----------------------------------------------------------------
0 0031436884 MORTGAGORS: REDDELL DIANE
REDDELL DAVID
REGION CODE ADDRESS : 21 E. SEACLIFF DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,598.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.22950
----------------------------------------------------------------
0 0031437403 MORTGAGORS: SPEKTOR BORIS
SPEKTOR SVETLANA
REGION CODE ADDRESS : 1760 PICKWICK
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 94,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 94,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 652.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031438112 MORTGAGORS: SPURGEON JOSEPH
SPURGEON TAMMY
REGION CODE ADDRESS : 2419 VIA MERO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,778.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031438419 MORTGAGORS: CASHDAN RUSS
CASHDAN DONNA
REGION CODE ADDRESS : 4174 VALLEY MEADOW ROAD
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 648,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,481.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,365.70 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: 1,513,500.00
P & I AMT: 10,322.43
UPB AMT: 1,512,358.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031439599 MORTGAGORS: MULLER CLARK
FONG CHAN BETTY
REGION CODE ADDRESS : 28186 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,046.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 89.98800
----------------------------------------------------------------
0 0031439722 MORTGAGORS: LITTLE DAN
LITTLE JACQUIE
REGION CODE ADDRESS : 15519 SE 133RD STREET
01 CITY : RENTON
STATE/ZIP : WA 98059
MORTGAGE AMOUNT : 272,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,848.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031439771 MORTGAGORS: GUEST DENNY
GUEST MICHELLE
REGION CODE ADDRESS : 8365 SOUTH STONEFIELD ROAD
01 CITY : SANDY
STATE/ZIP : UT 84094
MORTGAGE AMOUNT : 257,922.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,922.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 92.11500
----------------------------------------------------------------
0 0031440068 MORTGAGORS: BRIDGEWATER GARY
BRIDGEWATER SUSAN
REGION CODE ADDRESS : 8930 DAY LILY COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 269,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,478.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031440613 MORTGAGORS: CUNNINGHAM KEVIN
CUNNINGHAM JONG
REGION CODE ADDRESS : 2300 MAPLE AVENUE #55
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.10800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,365,922.00
P & I AMT: 9,582.31
UPB AMT: 1,365,104.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031440662 MORTGAGORS: URODE DAVID
REGION CODE ADDRESS : 2120 ROCKLEDGE ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031440720 MORTGAGORS: KRAMER HOWARD
KRAMER LUCIA
REGION CODE ADDRESS : 6013 BALSAM DRIVE
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031440746 MORTGAGORS: ECCLES JAMES
ECCLES CYNTHIA
REGION CODE ADDRESS : 563,565,567 & 569 E. PROVIDENCIA AV
01 CITY : CITY OF BURBANK
STATE/ZIP : CA 91501
MORTGAGE AMOUNT : 263,440.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,254.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 89.00000
----------------------------------------------------------------
0 0031440894 MORTGAGORS: FARSHI RAMIN
FARSHI NOUSHIN
REGION CODE ADDRESS : 2736 AQUA VERDE CIRCLE
01 CITY : LOS ANGLES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 628,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 627,533.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,391.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031441074 MORTGAGORS: DUGGAN LISA
NTAPALIS JOHN
REGION CODE ADDRESS : 75 TADMUCK ROAD
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,739.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.88400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,705,840.00
P & I AMT: 12,099.02
UPB AMT: 1,704,849.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031441405 MORTGAGORS: BERTOLUCCI JULIUS
BERTOLUCCI JOANN
REGION CODE ADDRESS : 891 WHITHORN CT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 244,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.99000
----------------------------------------------------------------
0 0031441504 MORTGAGORS: HALL MICHAEL
HALL CARMEL
REGION CODE ADDRESS : 1900 & 1902 N. SYCAMORE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,752.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031441819 MORTGAGORS: WOJCIECHOWSKI JODI
DYAR WILLIAM
REGION CODE ADDRESS : 33 SPLIT ROCK ROAD
01 CITY : POUND RIDGE
STATE/ZIP : NY 10576
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,735.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------
0 0031442858 MORTGAGORS: RUIZ ORLANDO
RUIZ MARIA
REGION CODE ADDRESS : 14031 SW 22ND STREET
01 CITY : MIAMI
STATE/ZIP : FL 33175
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031443393 MORTGAGORS: OYAMA DEAN
HARADA DANA
REGION CODE ADDRESS : 2364 WINDMILL CREEK ROAD
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 253,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,007.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.79 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: 1,462,900.00
P & I AMT: 10,012.69
UPB AMT: 1,462,195.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031443542 MORTGAGORS: MCREYNOLDS MICHAEL
REGION CODE ADDRESS : 4023 QUAIL RUN COURT
01 CITY : AUBURN
STATE/ZIP : CA 95602
MORTGAGE AMOUNT : 209,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 208,856.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,515.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 79.16600
----------------------------------------------------------------
0 0031443765 MORTGAGORS: WURSTER DAVID
REGION CODE ADDRESS : 219 SOUTH LEWIS AVENUE
01 CITY : LOMBARD
STATE/ZIP : IL 60148
MORTGAGE AMOUNT : 127,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 855.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.43600
----------------------------------------------------------------
0 0031444078 MORTGAGORS: SANABRIA CARLOS
DUNCAN DEBRA
REGION CODE ADDRESS : 3250 N BITTERSWEET CIRCLE
01 CITY : WEST BEND
STATE/ZIP : WI 53095
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,314.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.28500
----------------------------------------------------------------
0 0031444375 MORTGAGORS: SARDO JOSEPH
SARDO ANABELA
REGION CODE ADDRESS : 3507 LOWELL WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,117.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.51700
----------------------------------------------------------------
0 0031444417 MORTGAGORS: OBREGON RAYMOND
OBREGON LISA
REGION CODE ADDRESS : 9198 LAKE BRADDOCK DRIVE
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 208,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,436.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,078,500.00
P & I AMT: 7,424.44
UPB AMT: 1,077,288.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031444490 MORTGAGORS: WILKIN JOHN
WILKIN LUANNA
REGION CODE ADDRESS : 28067 NORTH LIANA LANE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 313,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,918.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,137.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031444706 MORTGAGORS: ANDRINA FRANK
REGION CODE ADDRESS : 6285 RODGERTON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,534.41 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 : 59.80300
----------------------------------------------------------------
0 0031444953 MORTGAGORS: KALLEN MICHAEL
KALLEN MARIA
REGION CODE ADDRESS : 6305 WELLESLEY
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48322
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,630.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031444987 MORTGAGORS: WALSER CRAIG
REGION CODE ADDRESS : 7385 FOX CHASE DRIVE
01 CITY : TRINITY
STATE/ZIP : NC 27370
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
0 0031445034 MORTGAGORS: DOANE WARREN
DOANE ROSEMARIE
REGION CODE ADDRESS : 728 NIANTIC DRIVE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,781.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.09300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,446,300.00
P & I AMT: 10,086.64
UPB AMT: 1,442,864.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031445141 MORTGAGORS: DUBS STACEY
DUBS MICHELLE
REGION CODE ADDRESS : 28351 LOBELIA LANE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 203,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,509.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,476.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031445489 MORTGAGORS: WOODS KIERAN
WOODS KATHLEEN
REGION CODE ADDRESS : 2304 HALE DRIVE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,407.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,679.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.78911
----------------------------------------------------------------
0 0031445539 MORTGAGORS: RAZAIE KARAM
RAZAIE ASHRAF
REGION CODE ADDRESS : 30872 OVERFALL DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,846.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,500.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031445844 MORTGAGORS: BANG BRIAN
BANG JENNIFER
REGION CODE ADDRESS : 1502 AVENIDA DE NOGALES
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 278,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,493.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.46100
----------------------------------------------------------------
0 0031446131 MORTGAGORS: SHOWALTER MARY
REGION CODE ADDRESS : 4244 CLYBOURNE AVENUE
01 CITY : BURBANK
STATE/ZIP : CA 91505
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,733.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 35.02400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,350.00
P & I AMT: 10,115.87
UPB AMT: 1,439,990.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031446156 MORTGAGORS: KING STEPHEN
KING DEBRA
REGION CODE ADDRESS : 48 WILDWOOD STREET
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.47100
----------------------------------------------------------------
0 0031446339 MORTGAGORS: GILLIAM JAMES
GILLIAM MARY
REGION CODE ADDRESS : 8564 BRAHMA WAY
01 CITY : ELK GROVE
STATE/ZIP : CA 95624
MORTGAGE AMOUNT : 319,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,662.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97500
----------------------------------------------------------------
0 0031446487 MORTGAGORS: TAYLOR JOHN
TAYLOR ELAINE
REGION CODE ADDRESS : 5682 EAST SHEPHERD AVENUE
01 CITY : CLOVIS
STATE/ZIP : CA 93611
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031446586 MORTGAGORS: GHAFFARZADEH ETEMAD
GHAFFARZADEH CARMEN
REGION CODE ADDRESS : 245 PINEY HILL COURT
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 110,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 807.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 63.95300
----------------------------------------------------------------
0 0031446776 MORTGAGORS: BAHNA VICTOR
BAHNA ANN
REGION CODE ADDRESS : 8607 N.E. 121ST PLACE
01 CITY : KIRKLAND
STATE/ZIP : WA 98034
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,900.00
P & I AMT: 10,090.65
UPB AMT: 1,449,191.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031446875 MORTGAGORS: WILLIAMS LARRY
WILLIAMS CONNIE
REGION CODE ADDRESS : 6707 E.112TH ST S
01 CITY : BIXBY
STATE/ZIP : OK 74008
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031447220 MORTGAGORS: BERTACCINI EDWARD
BERTACCINI JENNIFER
REGION CODE ADDRESS : 1502 CHAUMONT DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,653.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,028.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031447261 MORTGAGORS: KOHN FREDERICK
KOHN BARBARA
REGION CODE ADDRESS : 20330 DEL CAMPO PLACE
01 CITY : LOS ANGELES WOODLAND HILL
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031447402 MORTGAGORS: GOOSMANN ROBERT
GOOSMANN KATHLEEN
REGION CODE ADDRESS : 1414 DANBURY DRIVE
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031447915 MORTGAGORS: NGUYEN BAO
LE TAM
REGION CODE ADDRESS : 3074 BRANDYWINE DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,000.00
P & I AMT: 11,372.69
UPB AMT: 1,651,465.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031448004 MORTGAGORS: MAN RICHARD
WILLRICH CHRISTINA
REGION CODE ADDRESS : 3934 LOUIS ROAD
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 438,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,880.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,028.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.59500
----------------------------------------------------------------
0 0031448178 MORTGAGORS: SAMSON JEFFERY
SAMSON DIANE
REGION CODE ADDRESS : 27417 BRIDGEWATER DRIVE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,316.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.07400
----------------------------------------------------------------
0 0031448186 MORTGAGORS: LEE TED
REGION CODE ADDRESS : 3010 VIA BORICA
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 618,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 617,552.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,374.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 74.90900
----------------------------------------------------------------
0 0031448384 MORTGAGORS: CAHILL WILLIAM
CAPUTO MICHELE
REGION CODE ADDRESS : 4782 OLD TIMBER RIDGE RD
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,754.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.76100
----------------------------------------------------------------
0 0031448574 MORTGAGORS: HARDT BRIAN
KAUFMAN-HARDT KRISTINA
REGION CODE ADDRESS : 2403 HILL LANE
01 CITY : RENDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,861,050.00
P & I AMT: 12,861.07
UPB AMT: 1,859,504.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031448608 MORTGAGORS: MORENO THEODORE
MORENO STEPHANIE
REGION CODE ADDRESS : 13 HIGHPOINT
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,584.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031448715 MORTGAGORS: MALKA DANY
MALKA R.
REGION CODE ADDRESS : 15458 GREENLEAF STREET
01 CITY : SHERMAN OAKS AREA
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,747.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031448798 MORTGAGORS: SCHNIEDER JOSEPH
SCHNIEDER LORETTA
REGION CODE ADDRESS : 12 PHEASANT RUN
01 CITY : KINNELON
STATE/ZIP : NJ 07405
MORTGAGE AMOUNT : 380,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,628.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.07800
----------------------------------------------------------------
0 0031448814 MORTGAGORS: MORGAN HUGH
MORGAN TONI
REGION CODE ADDRESS : 1712 NORTH BUENA VISTA BLVD
01 CITY : BURBANK
STATE/ZIP : CA 91505
MORTGAGE AMOUNT : 153,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 152,871.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,005.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 88.95348
----------------------------------------------------------------
0 0031448913 MORTGAGORS: HO JOHN
HO YUEN
REGION CODE ADDRESS : 4430 BELAIR DRIVE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,658.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.39 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: 1,586,300.00
P & I AMT: 10,866.75
UPB AMT: 1,585,361.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031449143 MORTGAGORS: KIM ROBERT
KIM DUK
REGION CODE ADDRESS : 3053 PUNTA DEL ESTE DRIVE
01 CITY : HACIENDA HEIGHTS AREA
STATE/ZIP : CA 91745
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.64700
----------------------------------------------------------------
0 0031449192 MORTGAGORS: PRIM JAMES
PRIM JOYCE
REGION CODE ADDRESS : 4325 VALLE DR
01 CITY : LA MESA
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,805.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.89100
----------------------------------------------------------------
0 0031449630 MORTGAGORS: KIM PAUL
KIM MARILYN
REGION CODE ADDRESS : 409 EAST SUNSET DRIVE NORTH
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,242.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031449812 MORTGAGORS: SHEPPARD RICHARD
SHEPPARD ELISSA
REGION CODE ADDRESS : 63 NORTHGATE
01 CITY : AVON
STATE/ZIP : CT 06001
MORTGAGE AMOUNT : 410,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,730.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.07000
----------------------------------------------------------------
0 0031449838 MORTGAGORS: CAPUTO MICHAEL
CAPUTO KATHLEEN
REGION CODE ADDRESS : 40 DUNDEE ROAD
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : NJ 08824
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.92800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,519,550.00
P & I AMT: 10,470.05
UPB AMT: 1,518,387.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031450042 MORTGAGORS: BROUWER RICHARD
LOCAS NATHALIE
REGION CODE ADDRESS : 3000 GRAYSON AVENUE
01 CITY : VENICE
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
0 0031450083 MORTGAGORS: PRICE EUGENE
PRICE JULIE
REGION CODE ADDRESS : 16843 VIA DE SANTA FE
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 603,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 602,574.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,319.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.81818
----------------------------------------------------------------
0 0031450091 MORTGAGORS: GOUBERT PETER
GOUBERT SUSAN
REGION CODE ADDRESS : 1914 EAST ALOHA AVENUE
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,977.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031450117 MORTGAGORS: NICHOLS JAMON
NICHOLS KARIN
REGION CODE ADDRESS : 4385 NORRIS ROAD
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,808.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.94800
----------------------------------------------------------------
0 0031450208 MORTGAGORS: LAM VICTOR
REGION CODE ADDRESS : 19042 GOLD LANE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,032.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,400.00
P & I AMT: 11,320.64
UPB AMT: 1,619,392.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031450448 MORTGAGORS: WHITNEY DAVID
WHITNEY BRIGITTE
REGION CODE ADDRESS : 31 BEACH DRIVE
01 CITY : DARIEN
STATE/ZIP : CT 06820
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031450588 MORTGAGORS: GRATTON GARY
REGION CODE ADDRESS : 15 GREAT OAKS ROAD
01 CITY : NEW HOPE
STATE/ZIP : PA 18938
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,397.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031450778 MORTGAGORS: HERTER EDWARD
REGION CODE ADDRESS : 6543 E. AMBER SUN DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,772.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.75000
----------------------------------------------------------------
0 0031450968 MORTGAGORS: BLACKBURN ROBERT
BLACKBURN KATHRYN
REGION CODE ADDRESS : 10 VALLEY MEADOW DRIVE
01 CITY : T/O PARMA
STATE/ZIP : NY 14559
MORTGAGE AMOUNT : 308,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,115.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,129.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.08700
----------------------------------------------------------------
0 0031451024 MORTGAGORS: LIVANT JUDITH
REGION CODE ADDRESS : 38 CHESTNUT STREET
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 75,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 75,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 511.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 38.46100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,350.00
P & I AMT: 9,556.98
UPB AMT: 1,391,507.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031451123 MORTGAGORS: MOSES RAYMOND
MOSES BAIDWATTE
REGION CODE ADDRESS : 3651 SW 116 AVENUE
01 CITY : DAVIE
STATE/ZIP : FL 33330
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031451628 MORTGAGORS: CHABOT JOYCE
CHABOT ERNEST
REGION CODE ADDRESS : 8906 TRANSUE DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031451883 MORTGAGORS: SLONE JAMES
SLONE DENISE
REGION CODE ADDRESS : 4920 STERLING DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 265,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,640.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.72400
----------------------------------------------------------------
0 0031451909 MORTGAGORS: TOZIER STEPHEN
TOZIER KAREN
REGION CODE ADDRESS : 1588 SOUTH 3480 EAST
01 CITY : HEBER CITY
STATE/ZIP : UT 84032
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 : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.13400
----------------------------------------------------------------
0 0031453368 MORTGAGORS: FIRMIN LINDA
REGION CODE ADDRESS : 9205 DAY STAR DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 118,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,859.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 821.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,250.00
P & I AMT: 9,971.77
UPB AMT: 1,468,031.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031453558 MORTGAGORS: SIRL PETER
KROEGER CINDY
REGION CODE ADDRESS : 26025 SOUTHEAST 192ND STREET
01 CITY : MAPLE VALLEY
STATE/ZIP : WA 98038
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,599.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031453954 MORTGAGORS: WITTREN TAMMY
WITTREN DOUGLAS
REGION CODE ADDRESS : 3343 NW SPENCER STREET
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,716.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.47000
----------------------------------------------------------------
0 0031454408 MORTGAGORS: BERTOLINI ONOFRIO
BERTOLINI MARIE
REGION CODE ADDRESS : 10118 CREBS AVENUE
01 CITY : NORTHRIDGE (AREA)
STATE/ZIP : CA 91324
MORTGAGE AMOUNT : 122,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,830.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 895.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 55.45400
----------------------------------------------------------------
0 0031454473 MORTGAGORS: VLICK ROBERT
VLICK CARLA
REGION CODE ADDRESS : 500 HARBOR ISLAND DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 1,175,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,174,083.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 8,015.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 54.02200
----------------------------------------------------------------
0 0031454507 MORTGAGORS: MAYER GERALD
MAYER MARLENE
REGION CODE ADDRESS : 18433 GIBBONS DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,328.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,161,300.00
P & I AMT: 14,897.34
UPB AMT: 2,159,558.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031454622 MORTGAGORS: NELSON JON
NELSON LAUREL
REGION CODE ADDRESS : 7019 OLD CABIN LANE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,786.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.48700
----------------------------------------------------------------
0 0031454713 MORTGAGORS: SEARS JOHN
SEARS MARGARET
REGION CODE ADDRESS : 13605 CREEKSIDE DRIVE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,777.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031454838 MORTGAGORS: CANTWELL DANNY
CANTWELL DEANA
REGION CODE ADDRESS : 113 POSEIDON DRIVE
01 CITY : NEWORT NEWS
STATE/ZIP : VA 23602
MORTGAGE AMOUNT : 319,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99499
----------------------------------------------------------------
0 0031454929 MORTGAGORS: MENDONCA RAYMOND
MENDONCA CLAIRE
REGION CODE ADDRESS : 1239 FARRAGUT DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.35200
----------------------------------------------------------------
0 0031454978 MORTGAGORS: HACKEL ALAN
HACKEL MURIEL
REGION CODE ADDRESS : 29 WESTGATE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02159
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.67400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,494,900.00
P & I AMT: 10,308.29
UPB AMT: 1,494,012.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031455066 MORTGAGORS: MORLEY THOMAS
MORLEY JACQUELINE
REGION CODE ADDRESS : 1103 STANFORD AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 294,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,581.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031455264 MORTGAGORS: LETNER RONALD
LETNER RHONDA
REGION CODE ADDRESS : 29033 SILVER CREEK ROAD
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,505.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031455546 MORTGAGORS: SHAPIRO DAVID
SHAPIRO ANN
REGION CODE ADDRESS : 15 ALTA VISTA AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 279,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,581.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.79245
----------------------------------------------------------------
0 0031455611 MORTGAGORS: PIRAINO JOSEPH
PIRAINO ROSA
REGION CODE ADDRESS : 10716 ANAHEIM DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 330,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,254.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,310.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.31900
----------------------------------------------------------------
0 0031455660 MORTGAGORS: CAYCE CHARLES
CAYCE LESLIE
REGION CODE ADDRESS : 573 REGISTRY LANE
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23452
MORTGAGE AMOUNT : 42,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 42,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 308.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,597,100.00
P & I AMT: 11,078.48
UPB AMT: 1,595,923.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031455777 MORTGAGORS: DINGUS GENEVA
REGION CODE ADDRESS : 41719 MISHA LANE
01 CITY : PALMDALE
STATE/ZIP : CA 93551
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,791.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------
0 0031455793 MORTGAGORS: FREEMAN JOHN
FREEMAN VIRGINIA
REGION CODE ADDRESS : 17852 ROMELLE AVENUE,
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,805.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.71200
----------------------------------------------------------------
0 0031455827 MORTGAGORS: PINELESS GARY
PINELESS JODIE
REGION CODE ADDRESS : 137 ESTATE DRIVE
01 CITY : DEERFIELD
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031455876 MORTGAGORS: MACIEL CARL
MACIEL AIDA
REGION CODE ADDRESS : 17430 HOLIDAY DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,732.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,611.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.07400
----------------------------------------------------------------
0 0031455983 MORTGAGORS: DAESCHNER THOMAS
DAESCHNER BRENDA
REGION CODE ADDRESS : 3020 ROSEMONT DRIVE
01 CITY : LANDENBERG
STATE/ZIP : PA 19350
MORTGAGE AMOUNT : 278,187.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,958.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 92.11400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,187.00
P & I AMT: 10,705.76
UPB AMT: 1,557,289.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031456312 MORTGAGORS: MOORE RANDALL
REGION CODE ADDRESS : 11665 GILMAN LANE
01 CITY : HERDON
STATE/ZIP : VA 22070
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,766.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.21500
----------------------------------------------------------------
0 0031456361 MORTGAGORS: KAUP KARL
KAUP DONNA
REGION CODE ADDRESS : 1032 ALBION ST
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 300,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,177.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031456403 MORTGAGORS: FUQUAY SANDRA
FUQUAY JESSE
REGION CODE ADDRESS : 12 MIRY BROOK ROAD
01 CITY : HAMILTON SQUARE
STATE/ZIP : NJ 08690
MORTGAGE AMOUNT : 140,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 971.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031456411 MORTGAGORS: FOX LEONARD
FOX MAUREEN
REGION CODE ADDRESS : 65 BORTONS ROAD
01 CITY : MARLTON
STATE/ZIP : NJ 08053
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 630,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 84.56300
----------------------------------------------------------------
0 0031456676 MORTGAGORS: LEWIS DARRELL
LE JOSEPHINE
REGION CODE ADDRESS : 1173 CAROLYN DR
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,638,000.00
P & I AMT: 11,513.70
UPB AMT: 1,637,359.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031456742 MORTGAGORS: HOPFENSPERGER PETER
HOPFENSPERGER TERESE
REGION CODE ADDRESS : 40 W 735 TIMBERGATE LANE
01 CITY : ST CHARLES
STATE/ZIP : IL 60174
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------
0 0031456767 MORTGAGORS: BOWMAN BRUCE
KELLUM HEATHER
REGION CODE ADDRESS : 1631 ANDALUSIA WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 361,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,524.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,498.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031456833 MORTGAGORS: MCKEE DAVID
REGION CODE ADDRESS : 6960 WEST AURORA
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 250,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,534.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031457013 MORTGAGORS: QUINLAN JOSEPH
QUINLAN JOHANNE
REGION CODE ADDRESS : 4971 STAR MINE CT
01 CITY : ANTIOCH
STATE/ZIP : CA 94509
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,798.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.87000
----------------------------------------------------------------
0 0031457773 MORTGAGORS: PARENTE MICHAEL
PARENTE ANGELA
REGION CODE ADDRESS : 6136 WOODLAND VIEW DRIVE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 447,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,249.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,956,450.00
P & I AMT: 13,366.22
UPB AMT: 1,955,106.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031458136 MORTGAGORS: BIEDERMANN BLAINE
BIEDERMANN CHRISTINE
REGION CODE ADDRESS : 2830 OSMUNDSEN ROAD
01 CITY : MADISON
STATE/ZIP : WI 53711
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031458151 MORTGAGORS: SPOERRY JON
CANDAPPA SONALI
REGION CODE ADDRESS : 2864 GREENWOOD AVENUE
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031458409 MORTGAGORS: PRADO DANNY
PRADO KATHRYN
REGION CODE ADDRESS : 2705 WILLOWOOD DRIVE
01 CITY : GRAPEVINE
STATE/ZIP : TX 76051
MORTGAGE AMOUNT : 114,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 114,317.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 809.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031458532 MORTGAGORS: CHANG CALVIN
CHANG LYNN
REGION CODE ADDRESS : 13100 BACH WAY
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,308.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.10800
----------------------------------------------------------------
0 0031458722 MORTGAGORS: CONNOLLY THOMAS
CONNOLLY EILEEN
REGION CODE ADDRESS : 20520 JAY CARROLL DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,782.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.43800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,213,500.00
P & I AMT: 8,543.43
UPB AMT: 1,213,007.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031459001 MORTGAGORS: HILGER SALLY
REGION CODE ADDRESS : 165 TERRACE DR
01 CITY : CHATHAM
STATE/ZIP : NJ 07928
MORTGAGE AMOUNT : 163,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 163,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,128.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031459100 MORTGAGORS: BEACH KATHLEEN
WESTMORELAND PHILLIP
REGION CODE ADDRESS : 2380 MASSACHUSETTS AVENUE
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 564,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 564,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,895.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.77400
----------------------------------------------------------------
0 0031459175 MORTGAGORS: RODGERS DANNEY
RODGERS DONNA
REGION CODE ADDRESS : 1639 SOUTH SAHUARO
01 CITY : GILBERT
STATE/ZIP : AZ 85233
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,230.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0031459183 MORTGAGORS: SANDERS BILLY
SANDERS LAVERNE
REGION CODE ADDRESS : 18402 E. TONTO VERDE DR.
01 CITY : RIO VERDE
STATE/ZIP : AZ 85263
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,712.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.92600
----------------------------------------------------------------
0 0031459209 MORTGAGORS: GIBSON JEFFERY
GIBSON CATHERINE
REGION CODE ADDRESS : 22407 ELLINWOOD DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.14285
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,596,800.00
P & I AMT: 11,109.00
UPB AMT: 1,596,126.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031459258 MORTGAGORS: YACOVONE JOHN
YACOVANE KELLI
REGION CODE ADDRESS : 28319 MAXINE LANE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 241,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,111.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031459274 MORTGAGORS: JONES BARRY
JONES GLENDA
REGION CODE ADDRESS : 3800 CLOVERDALE DR
01 CITY : TYLER
STATE/ZIP : TX 75701
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 56.38500
----------------------------------------------------------------
0 0031459514 MORTGAGORS: GEORGE JEROME
GEORGE MICHELLE
REGION CODE ADDRESS : 1760 SUNSET AVENUE
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.76600
----------------------------------------------------------------
0 0031459571 MORTGAGORS: HOUSER MICHAEL
HOUSER DANA
REGION CODE ADDRESS : 921 PLACID COURT
01 CITY : ARNOLD
STATE/ZIP : MD 21012
MORTGAGE AMOUNT : 545,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,052.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,629.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.21700
----------------------------------------------------------------
0 0031459787 MORTGAGORS: GIVENS C.
REGION CODE ADDRESS : 17400 WILLOW CREEK ROAD
01 CITY : OCCIDENTAL
STATE/ZIP : CA 95465
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,800.00
P & I AMT: 11,170.84
UPB AMT: 1,619,719.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031459845 MORTGAGORS: REISS LAWRENCE
REISS TOBI
REGION CODE ADDRESS : 425 HOLIDAY DRIVE
01 CITY : HALLANDALE
STATE/ZIP : FL 33009
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,661.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,438.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031459886 MORTGAGORS: FOGEL STEVEN
FOGEL ROSALIE
REGION CODE ADDRESS : 500 STONEFIELD CT.
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,801.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.17800
----------------------------------------------------------------
0 0031459910 MORTGAGORS: PAGLIUCA ANTONELLO
PAGLIUCA MONIQUE
REGION CODE ADDRESS : 5172 CHESNEY GLEN DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 241,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,957.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031459993 MORTGAGORS: NOARD WILLIAM
REGION CODE ADDRESS : 1479 MELANIE WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 323,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,471.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031460041 MORTGAGORS: ARAGON IRVING
ARAGON JILL
REGION CODE ADDRESS : 15856 VIA NUEVA
01 CITY : SAN LORENZO
STATE/ZIP : CA 94580
MORTGAGE AMOUNT : 144,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,898.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,031.63 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: 1,477,850.00
P & I AMT: 10,509.58
UPB AMT: 1,476,789.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031460074 MORTGAGORS: MOORE WANDA
MOORE KEVIN
REGION CODE ADDRESS : 35131 ARBORDALE COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 236,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,428.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.93200
----------------------------------------------------------------
0 0031460611 MORTGAGORS: VIERRA LISA
REGION CODE ADDRESS : 2187 BRADHOFF AVENUE
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94577
MORTGAGE AMOUNT : 154,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,885.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,076.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031460850 MORTGAGORS: SCHLOEDER STEVE
SCHLOEDER SUE
REGION CODE ADDRESS : 2104 MENDON DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.10400
----------------------------------------------------------------
0 0031461023 MORTGAGORS: NELSON ROBERT
NELSON KATHLEEN
REGION CODE ADDRESS : 15221 16TH AVENUE SOUTHEAST
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.98200
----------------------------------------------------------------
0 0031461122 MORTGAGORS: SHANER ANDREW
REINHOLD DOROTHY
REGION CODE ADDRESS : 3636 SURFWOOD ROAD
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,697.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.72100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,600.00
P & I AMT: 9,862.89
UPB AMT: 1,418,810.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031461130 MORTGAGORS: GIFFORD LEWIS
GIFFORD VIRGINIA
REGION CODE ADDRESS : 209 POSHARD ST
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 286,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.41558
----------------------------------------------------------------
0 0031461437 MORTGAGORS: DELUZ RONI
REGION CODE ADDRESS : 185 FRANKLIN STREET
01 CITY : TISBURY
STATE/ZIP : MA 02568
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031461650 MORTGAGORS: BRANDT PETER
BRANDT FRANCINE
REGION CODE ADDRESS : 4184 SUNSWEPT DRIVE
01 CITY : LOS ANGELES STUDIO CITY A
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 193,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,366.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.20000
----------------------------------------------------------------
0 0031461726 MORTGAGORS: RUSHOVICH DENNIS
RUSHOVICH JENNY
REGION CODE ADDRESS : 56 GREENS CIRCLE
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0031461973 MORTGAGORS: SODERHOLM ROBERT
SODERHOLM DENISE
REGION CODE ADDRESS : 20 ALA KIMO DRIVE
01 CITY : HONOLULU
STATE/ZIP : HI 96817
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 42.88200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,250.00
P & I AMT: 9,586.60
UPB AMT: 1,358,250.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031462005 MORTGAGORS: LAMBERT JOSEPH
LAMBERT SHARON
REGION CODE ADDRESS : 2138 UNION AVENUE
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 139,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,096.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 973.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031462039 MORTGAGORS: MOCK WAYNE
MOCK PAMELA
REGION CODE ADDRESS : 6015 BATEAU DR
01 CITY : FLOWERY BRANCH
STATE/ZIP : GA 30542
MORTGAGE AMOUNT : 249,788.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,597.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.36800
----------------------------------------------------------------
0 0031462047 MORTGAGORS: JEDROWICZ JOSEPH
JEDROWICZ CANDACE
REGION CODE ADDRESS : 324 CAYLYN DRIVE
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.05882
----------------------------------------------------------------
0 0031462096 MORTGAGORS: COPPETO JOHN
O'BRIEN ROBERT
REGION CODE ADDRESS : 44 BOB WHITE DRIVE
01 CITY : WATERMILL
STATE/ZIP : NY 11976
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,229.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,643.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031462161 MORTGAGORS: CASE DAVID
REGION CODE ADDRESS : 706 ROSEMONT AVENUE
01 CITY : LANSDALE
STATE/ZIP : PA 19446
MORTGAGE AMOUNT : 100,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 704.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,173,688.00
P & I AMT: 8,217.31
UPB AMT: 1,172,893.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031462252 MORTGAGORS: ZWEBEN MARK
ZWEBEN DEBRA
REGION CODE ADDRESS : 49 CORNELL ROAD
01 CITY : BALA CYNWYD
STATE/ZIP : PA 19004
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0031462344 MORTGAGORS: ROSENBERG CHARLES
ROSENBERG HAZEL
REGION CODE ADDRESS : 4068 MARCASEL AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,697.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.86200
----------------------------------------------------------------
0 0031462401 MORTGAGORS: CORSELLO MICHAEL
CORSELLO LAURIE
REGION CODE ADDRESS : 35 HERON ROAD
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 269,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031462633 MORTGAGORS: LAWSON DEBORAH
REGION CODE ADDRESS : 2909 VIA LIBERTAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 112,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,720.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 808.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031462930 MORTGAGORS: UMBRO WILLIAM
UMBRO BRENDA
REGION CODE ADDRESS : 13502 LANDFAIR ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,674.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,956.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.44900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,457,950.00
P & I AMT: 10,215.99
UPB AMT: 1,457,241.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031463078 MORTGAGORS: AHLUWALIA AJAYPAL
AHLUWALIA BALBIR
REGION CODE ADDRESS : 25536 CRESTFIELD DRIVE
01 CITY : CASRTO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,961.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.99200
----------------------------------------------------------------
0 0031463136 MORTGAGORS: DUTTON SYDNEY
DUTTON LAURA
REGION CODE ADDRESS : 2607 GREENVALLEY ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031463144 MORTGAGORS: CHO RAYMOND
CHO JANG
REGION CODE ADDRESS : 401 SOUTH ARDEN BLVD.
01 CITY : LOS ANGELES
STATE/ZIP : CA 90020
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,555.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,513.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.11700
----------------------------------------------------------------
0 0031463276 MORTGAGORS: QUINLAN TIMOTHY
QUINLAN MARIA
REGION CODE ADDRESS : 1006 AVON ROAD
01 CITY : ANN ARBOR
STATE/ZIP : MI 48104
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031463383 MORTGAGORS: HOSSIAN SHAIKH
HOSSIAN NASRIN
REGION CODE ADDRESS : 12121 WINDSOR HALL WAY
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 324,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,353.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,241.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,894,200.00
P & I AMT: 13,248.58
UPB AMT: 1,893,269.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031463409 MORTGAGORS: WEINERMAN DAVID
WEINERMAN KELLY
REGION CODE ADDRESS : 19 CROMWELL DRIVE
01 CITY : CHESTER TWP
STATE/ZIP : NJ 07930
MORTGAGE AMOUNT : 438,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,416.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,030.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031463581 MORTGAGORS: PALETTA LOUIS
PALETTA WANDA
REGION CODE ADDRESS : 624 TIMBERCREST CIRCLE
01 CITY : HIGHLAND VILLAGE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,938.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031464209 MORTGAGORS: WARD JOSEPH
WARD YVONNE
REGION CODE ADDRESS : 2044 PARADISE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92114
MORTGAGE AMOUNT : 108,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 107,919.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 755.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031464795 MORTGAGORS: FICKETT THOMAS
FICKETT MAUREEN
REGION CODE ADDRESS : 6061 BLUERING COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,772.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.11700
----------------------------------------------------------------
0 0031465172 MORTGAGORS: BROYLES STEVEN
BROYLES SHAWN
REGION CODE ADDRESS : 1140 REES ROAD
01 CITY : ESCONDIDO
STATE/ZIP : CA 92026
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,905.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 895.00 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: 1,324,950.00
P & I AMT: 9,196.72
UPB AMT: 1,323,951.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031465255 MORTGAGORS: HAYS LEOTA
REGION CODE ADDRESS : 32852 TULLEY RANCH ROAD
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 81,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,789.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 572.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.96300
----------------------------------------------------------------
0 0031465420 MORTGAGORS: EWELL STEPHEN
EWELL PAMELA
REGION CODE ADDRESS : 42 ARUBA BEND
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,761.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031465610 MORTGAGORS: BAKER PAUL
FLETTER DEBBIE
REGION CODE ADDRESS : 10610 WISE OWL WAY
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031466097 MORTGAGORS: ANTILLON LANA
COGHILL ADAM
REGION CODE ADDRESS : 31511 SUMMIT ROAD
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,622.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031466188 MORTGAGORS: JOHNSON WILLIAM
GIBBONS-JOHNSON PATRICIA
REGION CODE ADDRESS : 13878 GYRFALCON ST.
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,202,650.00
P & I AMT: 8,248.26
UPB AMT: 1,202,173.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031466675 MORTGAGORS: BROCK RICHARD
REGION CODE ADDRESS : 118 EBERLY TERRACE
01 CITY : HAMPTON
STATE/ZIP : VA 23669
MORTGAGE AMOUNT : 41,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 41,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 291.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 68.36000
----------------------------------------------------------------
0 0031467103 MORTGAGORS: SCHMUCKER MARK
SCHMUCKER LORI
REGION CODE ADDRESS : 12132 OAK LEAF DRIVE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031467236 MORTGAGORS: TONG JOHN
TONG RENATA
REGION CODE ADDRESS : 2716 CLOVER MEADOW COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 489,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,327.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,382.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.96446
----------------------------------------------------------------
0 0031467335 MORTGAGORS: CLIFF BRUCE
HUBER ANDREW
REGION CODE ADDRESS : 249 STATES STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031467442 MORTGAGORS: TIRRELL KATHLEEN
REGION CODE ADDRESS : 189 FISCHER CIRCLE
01 CITY : PORTSMOUTH
STATE/ZIP : RI 02871
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.13400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,400.00
P & I AMT: 9,436.59
UPB AMT: 1,361,599.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031467459 MORTGAGORS: LUJAN JOSEPH
LUJAN TONI
REGION CODE ADDRESS : 18806 NEWMAN AVENUE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92508
MORTGAGE AMOUNT : 229,970.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,799.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.45000
----------------------------------------------------------------
0 0031467475 MORTGAGORS: ZONNIS TERRY
ZONNIS SANDY
REGION CODE ADDRESS : 18112 HATTERAS STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,799.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.11864
----------------------------------------------------------------
0 0031467541 MORTGAGORS: SIMONSON JAMES
SIMONSON KAREN
REGION CODE ADDRESS : 2215 STACY LANE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,811.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031467590 MORTGAGORS: COYNE DEIRDRE
REGION CODE ADDRESS : 3041 SCOTT STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 800,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,457.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 69.96600
----------------------------------------------------------------
0 0031467657 MORTGAGORS: ADAMS CHARLES
ADAMS CHRISTIANNE
REGION CODE ADDRESS : 2909 FRANKLINS CHANCE DRIVE
01 CITY : FALLSTON
STATE/ZIP : MD 21047
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.78300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,807,970.00
P & I AMT: 12,463.73
UPB AMT: 1,807,212.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031467756 MORTGAGORS: BYARD JOSEPH
BYARD ALICE
REGION CODE ADDRESS : 73 CENTRAL AVENUE
01 CITY : EVERETT
STATE/ZIP : MA 02149
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 873.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.07400
----------------------------------------------------------------
0 0031467863 MORTGAGORS: D'AMBROSIO DONALD
D'AMBROSIO JUDITH
REGION CODE ADDRESS : 78-6825 KEAUPUNI STREET
01 CITY : KAILUA-KONA
STATE/ZIP : HI 96740
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 625,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,423.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.67400
----------------------------------------------------------------
0 0031468135 MORTGAGORS: MORRIS CRAIG
MORRIS KRISTEN
REGION CODE ADDRESS : 1406 NORTH IVANHOE STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22205
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031468184 MORTGAGORS: HOVEY JULIAN
REGION CODE ADDRESS : 69409 FAIR OAKS LANE
01 CITY : COVINGTON
STATE/ZIP : LA 70433
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031468218 MORTGAGORS: FISCHER DONALD
REGION CODE ADDRESS : 274 SUSSEX STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 353,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,472.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,600.00
P & I AMT: 12,216.34
UPB AMT: 1,742,350.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031468416 MORTGAGORS: MCGIVERN STEVEN
DIBONA LESLIE
REGION CODE ADDRESS : 4360 CARTULINA ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,223.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031468580 MORTGAGORS: RIVETTI-PEREZ VINCENZA
PEREZ MICHAEL
REGION CODE ADDRESS : 977 BELVIDERE AVENUE
01 CITY : PLAINFIELD
STATE/ZIP : NJ 07060
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031468630 MORTGAGORS: MCCOLL GEORGE
MCCOLL JUDITH
REGION CODE ADDRESS : 503 EL CIRCULO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 373,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,329.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,644.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.12698
----------------------------------------------------------------
0 0031468747 MORTGAGORS: REST RICHARD
MACKENZIE AMBER
REGION CODE ADDRESS : 403 BARCLAY ROAD
01 CITY : ROSEMONT
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.78100
----------------------------------------------------------------
0 0031469067 MORTGAGORS: KESSLER BRUCE
KESSLER SANDRA
REGION CODE ADDRESS : 23136 PARK SORRENTO
01 CITY : CALABASAS
STATE/ZIP : CA 91302
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,619,000.00
P & I AMT: 11,266.94
UPB AMT: 1,618,275.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031469265 MORTGAGORS: DE LIBERO JAMES
DE LIBERO KAREN
REGION CODE ADDRESS : 583 MCCULLOUGH PLACE
01 CITY : BOROUGH OF HAWORTH
STATE/ZIP : NJ 07641
MORTGAGE AMOUNT : 306,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.75600
----------------------------------------------------------------
0 0031469505 MORTGAGORS: HENRY RICK
HENRY SANDY
REGION CODE ADDRESS : 2901 EDGEWOOD LANE
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.81100
----------------------------------------------------------------
0 0031469513 MORTGAGORS: PUNDT RALPH
PUNDT BRENDA
REGION CODE ADDRESS : 6186 MOORES AVE
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,810.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031469828 MORTGAGORS: GILMORE JEFFREY
NYGREN KRISTEN
REGION CODE ADDRESS : 314 METZGAR STREET
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.35100
----------------------------------------------------------------
0 0031470008 MORTGAGORS: KING LAURIE
KING NOEL
REGION CODE ADDRESS : 470 BROWNS VALLEY ROAD
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,683,500.00
P & I AMT: 11,764.34
UPB AMT: 1,682,662.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031470446 MORTGAGORS: RYAN JAMES
RYAN SHAWN
REGION CODE ADDRESS : 8824 RIDGE PONDS DRIVE
01 CITY : VICTORIA
STATE/ZIP : MN 55386
MORTGAGE AMOUNT : 567,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 567,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,869.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.77700
----------------------------------------------------------------
0 0031470495 MORTGAGORS: WEEBER KEVIN
REGION CODE ADDRESS : 1410 SADDLEBACK LANE
01 CITY : LEWISVILLE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 117,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 117,119.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 849.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031470800 MORTGAGORS: SCHARF JEFFREY
SCHARF DEBRA
REGION CODE ADDRESS : 7980 RUSTSTONE COURT
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,765.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031470826 MORTGAGORS: AZEVEDO JOHN
AZEVEDO LOIS
REGION CODE ADDRESS : 11968 CHIMAYO ROAD
01 CITY : APPLE VALLEY
STATE/ZIP : CA 92308
MORTGAGE AMOUNT : 84,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,861.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 558.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031472012 MORTGAGORS: HORN JOHN
HORN BARBARA
REGION CODE ADDRESS : 29 W 055 SCHILLINGER DRIVE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,064.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.81700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,236,400.00
P & I AMT: 8,469.72
UPB AMT: 1,235,946.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031472160 MORTGAGORS: OZENNE LILLI
REGION CODE ADDRESS : 8246 IDLEWILD COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,005.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031472285 MORTGAGORS: NEFTIN HOWARD
NEFTIN ANDREA
REGION CODE ADDRESS : 29638 RIDGEWAY DR
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 505,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 504,615.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,487.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.40100
----------------------------------------------------------------
0 0031472442 MORTGAGORS: SHYAMALAN NELLIATE
SHYAMALAN JAYALAKSHMI
REGION CODE ADDRESS : 132 OLD GULPH ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,845.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 27.50000
----------------------------------------------------------------
0 0031473150 MORTGAGORS: KERN KEVIN
KERN JULIE
REGION CODE ADDRESS : 4095 NORTH BROADLAND ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30342
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,806.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.88300
----------------------------------------------------------------
0 0031473184 MORTGAGORS: MOFAZALI ROYA
REGION CODE ADDRESS : 36269 SAXON COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 280,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,281.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.50 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: 1,858,700.00
P & I AMT: 12,906.58
UPB AMT: 1,857,708.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031473234 MORTGAGORS: MULFORD RICHARD
MULFORD LYGERI
REGION CODE ADDRESS : 121 MARIPOSA AVENUE
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.09600
----------------------------------------------------------------
0 0031473390 MORTGAGORS: ARRIGHINI DAVID
ARRIGHINI CORINNE
REGION CODE ADDRESS : 17 MUSKET LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031473697 MORTGAGORS: PERRY JON
VAN HORN SUSAN
REGION CODE ADDRESS : 815 AVENIDA SALVADOR
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031473978 MORTGAGORS: RIZZUTO PHILIP
RIZZUTO TRACEY
REGION CODE ADDRESS : 2 LAFAYETTE COURT
01 CITY : BARRINGTON
STATE/ZIP : RI 02806
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031474778 MORTGAGORS: LEDDY THOMAS
LEDDY AMY
REGION CODE ADDRESS : 32 HALLETT HILL ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,510,400.00
P & I AMT: 10,313.34
UPB AMT: 1,510,156.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031474786 MORTGAGORS: DAPORE JULIA
REGION CODE ADDRESS : 25761 DURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 299,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,060.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031474851 MORTGAGORS: CHAPMAN SUZANNE
REGION CODE ADDRESS : 6006 RIVERVIEW WAY
01 CITY : HOUSTON
STATE/ZIP : TX 77057
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,686.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031474927 MORTGAGORS: ARANDA THOMAS
ARANDA SHIRLEY
REGION CODE ADDRESS : 14207 N 17TH PLACE
01 CITY : PHOENIX
STATE/ZIP : AZ 85022
MORTGAGE AMOUNT : 276,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0031475031 MORTGAGORS: BLANCHARD IRA
BLANCHARD ELAINE
REGION CODE ADDRESS : 2031 PIN OAK PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,761.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031475064 MORTGAGORS: DAMIANO C.
REGION CODE ADDRESS : 14735 ALBERS STREET
01 CITY : SHERMAN OAKS AREA
STATE/ZIP : CA 91411
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,535,150.00
P & I AMT: 10,522.00
UPB AMT: 1,534,173.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031475544 MORTGAGORS: LEBOVITZ BRADLEY
LEBOVITZ KAREN
REGION CODE ADDRESS : 103 VALLEY CIRCLE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031475957 MORTGAGORS: LOTZ RALPH
LOTZ PAULA
REGION CODE ADDRESS : 65 VIA MILPITAS
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,699.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.74400
----------------------------------------------------------------
0 0031476237 MORTGAGORS: SANTOS BENJAMIN
SANTOS MILAGROS
REGION CODE ADDRESS : 3910 VIA ROMAYA
01 CITY : NATIONAL CITY,
STATE/ZIP : CA 91950
MORTGAGE AMOUNT : 134,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,905.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 959.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031476401 MORTGAGORS: MILLS WILLIAM
MILLS KELLI
REGION CODE ADDRESS : 6060 TANGLEWOOD CIRLCE
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,744.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031476583 MORTGAGORS: MALCY MICHELE
MALCY MICHAEL
REGION CODE ADDRESS : 18 ICHABOD LANE
01 CITY : BETHEL
STATE/ZIP : CT 06801
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,434,200.00
P & I AMT: 10,114.17
UPB AMT: 1,433,329.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031476690 MORTGAGORS: GAVAGHAN JAMES
GAVAGHAN LORI
REGION CODE ADDRESS : 21 AUTUMN DRIVE
01 CITY : NEWTOWN TOWNSHIP
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.50000
----------------------------------------------------------------
0 0031476823 MORTGAGORS: JONES TOM
JONES JOAN
REGION CODE ADDRESS : 3371 ORANGEWOOD AVENUE
01 CITY : LOS ALAMITOS AREA
STATE/ZIP : CA 90720
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.14925
----------------------------------------------------------------
0 0031476989 MORTGAGORS: PAGE STEPHEN
PAGE JO ANNE
REGION CODE ADDRESS : 314 POINSETTIA
01 CITY : CORONA DEL MAR AREA NEWPO
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,328.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.34200
----------------------------------------------------------------
0 0031476997 MORTGAGORS: TOBEY ERIC
TOBEY KAREN
REGION CODE ADDRESS : 2040 ILLINOIS ROAD
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 27.39700
----------------------------------------------------------------
0 0031477086 MORTGAGORS: JERNIGAN JAMES
JERNIGAN MARY
REGION CODE ADDRESS : 123 PRIMROSE DRIVE
01 CITY : BELLE CHASSE
STATE/ZIP : LA 70037
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,238,000.00
P & I AMT: 8,662.89
UPB AMT: 1,237,150.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031477797 MORTGAGORS: VARANESE PATRICK
VARANESE SUSAN
REGION CODE ADDRESS : 36 DIAMOND AVENUE
01 CITY : BRISTOL
STATE/ZIP : RI 02809
MORTGAGE AMOUNT : 114,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 114,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 826.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031477813 MORTGAGORS: KANE MARC
KANE BARBARA
REGION CODE ADDRESS : 5 JAMESTOWN COURT
01 CITY : EAST BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 253,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.75700
----------------------------------------------------------------
0 0031477839 MORTGAGORS: HICKMAN K.
HICKMAN BARBARA
REGION CODE ADDRESS : 6755 KINGS HARBOR DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 384,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,200.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.46900
----------------------------------------------------------------
0 0031477938 MORTGAGORS: NELSON LAURIE
REGION CODE ADDRESS : 280 MEDIO AVENUE
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 266,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,862.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031478043 MORTGAGORS: NELSON JOHN
NELSON BARBARA
REGION CODE ADDRESS : 201 STRATFORD AVENUE
01 CITY : BEACH HAVEN
STATE/ZIP : NJ 08008
MORTGAGE AMOUNT : 525,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 525,209.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,675.07 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: 1,543,700.00
P & I AMT: 10,732.92
UPB AMT: 1,542,572.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031478209 MORTGAGORS: BUCHANAN MAUREEN
SCHMIDT JOSEPH
REGION CODE ADDRESS : 32 ELLICOTT LANE
01 CITY : TOWNSHIP OF WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.70500
----------------------------------------------------------------
0 0031478811 MORTGAGORS: MANIBO PETER
MANIBO CECILIA
REGION CODE ADDRESS : 2040 SPANISH BAY COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,600.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,626.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031479371 MORTGAGORS: EPSTEIN RAPHAEL
EPSTEIN KATHLEEN
REGION CODE ADDRESS : 1920 REDWOOD HILL ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 618,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 617,079.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,321.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.66600
----------------------------------------------------------------
0 0031480692 MORTGAGORS: RYAN MATTHEW
SENEKER WENDI
REGION CODE ADDRESS : 215 PATTERSON STREET
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 191,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,050.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,304.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031480775 MORTGAGORS: KREBS CARL
KREBS CHRISTINE
REGION CODE ADDRESS : 14256 HART FOREST DRIVE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,904,200.00
P & I AMT: 13,202.80
UPB AMT: 1,902,536.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031480890 MORTGAGORS: SKIGEN MICHAEL
SKIGEN HEATHER
REGION CODE ADDRESS : 2421 NEWTON STREET
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031481104 MORTGAGORS: HOWARD JACK
REGION CODE ADDRESS : 5538 LORNA STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90506
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0031481294 MORTGAGORS: DENG YUMING
REGION CODE ADDRESS : 407 NEW CASTLE COURT
01 CITY : MARLBORO
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,513.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.34500
----------------------------------------------------------------
0 0031482755 MORTGAGORS: MCGOWAN THOMAS
REGION CODE ADDRESS : 451 WINGED FOOT ROAD
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031483522 MORTGAGORS: GREEN JAMES
GREEN CHARLOTTE
REGION CODE ADDRESS : HACKLEMAN ROAD
01 CITY : SADLER
STATE/ZIP : TX 76564
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,800.23 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
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,900.00
P & I AMT: 10,226.93
UPB AMT: 1,463,314.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031483647 MORTGAGORS: DI PILLO FRANK
REGION CODE ADDRESS : 123 WEST 28TH STREET
01 CITY : BAYONNE
STATE/ZIP : NJ 07002
MORTGAGE AMOUNT : 210,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,247.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,489.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 89.15200
----------------------------------------------------------------
0 0031483720 MORTGAGORS: CULLOP ALAN
CULLOP JEANNE
REGION CODE ADDRESS : 335 NESBIT DOWNS COURT
01 CITY : DUNWOODY
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.25000
----------------------------------------------------------------
0 0031483902 MORTGAGORS: COHEN ARNOLD
COHEN LINDA
REGION CODE ADDRESS : 114 TAYLORS MILLS ROAD
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 187,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,275.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.75300
----------------------------------------------------------------
0 0031483928 MORTGAGORS: MUNGOVAN EDWARD
MUNGOVAN JENNIFER
REGION CODE ADDRESS : 3331 AVENIDA NIEVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031483951 MORTGAGORS: LEAL NEL
G0NG DARLENE
REGION CODE ADDRESS : 1201 MONTEREY BOULEVARD
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.26400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,400.00
P & I AMT: 9,448.25
UPB AMT: 1,371,050.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031483969 MORTGAGORS: GRANT KELLY
GRANT MARY
REGION CODE ADDRESS : 610 PAYNE ROAD
01 CITY : SAN JUAN BAUTISTA
STATE/ZIP : CA 95045
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,216.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031484355 MORTGAGORS: SOHN RICHARD
SOHN EILEEN
REGION CODE ADDRESS : 2486 PROVENCE CIRCLE
01 CITY : WESTON
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 43.31800
----------------------------------------------------------------
0 0031484496 MORTGAGORS: BROWN LARRY
BROWN ANGELINA
REGION CODE ADDRESS : 1452 SOUTH PRAIRIE AVE
01 CITY : CHICAGO
STATE/ZIP : IL 60505
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.11700
----------------------------------------------------------------
0 0031484645 MORTGAGORS: STEERE ROBERT
STEERE CHRISTEN
REGION CODE ADDRESS : 1390 SKILLMAN LANE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.57800
----------------------------------------------------------------
0 0031485097 MORTGAGORS: BUNNELL CHARLES
BUNNELL EVA
REGION CODE ADDRESS : 496 TOWN STREET
01 CITY : EAST HADDAM
STATE/ZIP : CT 06423
MORTGAGE AMOUNT : 292,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,382.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,100.00
P & I AMT: 11,151.53
UPB AMT: 1,597,598.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031485501 MORTGAGORS: DAVIS EDWIN
DAVIS GAIL
REGION CODE ADDRESS : 909 MCCARTHY COURT
01 CITY : EL SEGUNDO
STATE/ZIP : CA 90245
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,381.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031485592 MORTGAGORS: HOWSEMAN ROBERT
HOWSEMAN ERIN
REGION CODE ADDRESS : 5023 BODEGA AVENUE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,508.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.95400
----------------------------------------------------------------
0 0031485725 MORTGAGORS: POTNIS DILIP
POTNIS JYOTI
REGION CODE ADDRESS : 5 ALATO DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.57575
----------------------------------------------------------------
0 0031486319 MORTGAGORS: SPENCE GREGORY
SPENCE DEE
REGION CODE ADDRESS : 21109 NORTH 69TH PLACE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 248,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.89900
----------------------------------------------------------------
0 0031486434 MORTGAGORS: MURPHY WELDA
REGION CODE ADDRESS : 13755 CAMPUS DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94605
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,364,650.00
P & I AMT: 9,386.94
UPB AMT: 1,363,534.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031486558 MORTGAGORS: MELIM ARNOLD
MELIM KAREN
REGION CODE ADDRESS : 2445 ABERDEEN DRIVE
01 CITY : BEDFORD
STATE/ZIP : TX 76021
MORTGAGE AMOUNT : 97,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 97,625.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 674.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.89800
----------------------------------------------------------------
0 0031486657 MORTGAGORS: WELCH THOMAS
WELCH MARY
REGION CODE ADDRESS : 161 WALPOLE STREET
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 532,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 531,633.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,857.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.56800
----------------------------------------------------------------
0 0031486699 MORTGAGORS: VAN HORN MARILYN
REGION CODE ADDRESS : 2832 BAUBLITZ ROAD
01 CITY : OWINGS MILLS
STATE/ZIP : MD 21117
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.58600
----------------------------------------------------------------
0 0031487317 MORTGAGORS: BERGER IRWIN
BERGER TRACY
REGION CODE ADDRESS : 14184 BAHAMA COVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,574.92 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 : 70.66666
----------------------------------------------------------------
0 0031487390 MORTGAGORS: SICILIANI KATHRYN
REGION CODE ADDRESS : 2838 WEST KENSINGTON LANE
01 CITY : FRESNO
STATE/ZIP : CA 93711
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,948.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 489.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 41.18858
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,414,700.00
P & I AMT: 9,992.04
UPB AMT: 1,413,456.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031488356 MORTGAGORS: YOO SANG
CONLON JEAN
REGION CODE ADDRESS : 34 NATALIE DRIVE
01 CITY : WEST CALDWELL
STATE/ZIP : NJ 07006
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 : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031488406 MORTGAGORS: LUNT RONALD
LUNT PATRICIA
REGION CODE ADDRESS : 804 CLEARWATER DRIVE
01 CITY : MIDLOTHIAN
STATE/ZIP : TX 76065
MORTGAGE AMOUNT : 138,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 138,694.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 958.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031488992 MORTGAGORS: KUZHEL ANGELA
REGION CODE ADDRESS : 7250 BERGEN COURT
01 CITY : BROOKLYN
STATE/ZIP : NY 11234
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031489297 MORTGAGORS: NADEAU CONRAD
REGION CODE ADDRESS : 41 GOODINGS WAY
01 CITY : FALMOUTH
STATE/ZIP : MA 02536
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,818.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031489305 MORTGAGORS: ZITO FRED
ZITO KELLY
REGION CODE ADDRESS : 1695 GLENDOLA ROAD
01 CITY : WALL
STATE/ZIP : NJ 07719
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,300.00
P & I AMT: 9,105.79
UPB AMT: 1,291,013.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031489586 MORTGAGORS: PANKHARD DONALD
PANKHARD DONA
REGION CODE ADDRESS : 30581 NORTH HAMPTON ROAD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 259,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,912.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.51515
----------------------------------------------------------------
0 0031489735 MORTGAGORS: WALLER BRADLEY
WALLER CARMEN
REGION CODE ADDRESS : 6350 SW 107 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,774.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031489842 MORTGAGORS: SWEET JONATHAN
SWEET TIFFANY
REGION CODE ADDRESS : 2534 ZORADA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,600.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,626.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031490147 MORTGAGORS: CARMICHAEL JOHN
CARMICHAEL DEBRA
REGION CODE ADDRESS : 62 REARDON FIELD LANE
01 CITY : NORTH ATTLEBORO
STATE/ZIP : MA 02760
MORTGAGE AMOUNT : 234,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031490337 MORTGAGORS: HANLEY ROBERT
HANLEY SHERRI
REGION CODE ADDRESS : 7204 S URAVAN CT.
01 CITY : FOXFIELD
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 295,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,634,400.00
P & I AMT: 11,310.77
UPB AMT: 1,633,587.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031491871 MORTGAGORS: LEVI PHILIP
LEVI JAG
REGION CODE ADDRESS : 102 FULTON AVE.
01 CITY : ATLANTIC
STATE/ZIP : NY 11509
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,802.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.59700
----------------------------------------------------------------
0 0031491954 MORTGAGORS: LONGO CARMELA
REGION CODE ADDRESS : 30 N. JEROME AVENUE
01 CITY : MARGATE
STATE/ZIP : NJ 08402
MORTGAGE AMOUNT : 47,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 47,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 383.00 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031491996 MORTGAGORS: STREET RICHARD
SIMMONS LISA
REGION CODE ADDRESS : 1719 WEST NELSON STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,350.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031492093 MORTGAGORS: NGO HOAC
NGO HIEU
REGION CODE ADDRESS : 1108 PANOCHE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95122
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,820.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.80900
----------------------------------------------------------------
0 0031492200 MORTGAGORS: WILLIAMS STEVEN
REGION CODE ADDRESS : 3113 WEST CREEK ROAD
01 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,722.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,155.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.89200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,800.00
P & I AMT: 10,527.07
UPB AMT: 1,466,145.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031492267 MORTGAGORS: BOSTIC HAL
BOSTIC CARROLL
REGION CODE ADDRESS : 9077 SHADY HOLLOW WAY
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0031492895 MORTGAGORS: GILBERT JEAN-PAUL
GILBERT KIMBERLY
REGION CODE ADDRESS : 19262 WORCHESTER LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 287,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.97520
----------------------------------------------------------------
0 0031493075 MORTGAGORS: WYATT WILLIE
WYATT WILLIAM
REGION CODE ADDRESS : 25-41 99TH STREET
01 CITY : EAST ELMHURST
STATE/ZIP : NY 11369
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,909.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 884.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 69.44400
----------------------------------------------------------------
0 0031493133 MORTGAGORS: GARLAND JULIE
JONES HOLLY
REGION CODE ADDRESS : 3603 AMARYLLIS DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,805.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.38800
----------------------------------------------------------------
0 0031493497 MORTGAGORS: MUNERA FERNANDO
OSPINA MARIA
REGION CODE ADDRESS : 141 CRANDON BLVD #335
01 CITY : KEY BISCAYNE
STATE/ZIP : FL 33149
MORTGAGE AMOUNT : 267,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.61700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,194,600.00
P & I AMT: 8,320.99
UPB AMT: 1,194,315.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031494495 MORTGAGORS: BRYANT PHILIP
WALKER JEAN
REGION CODE ADDRESS : 931 CHINQUAPIN PLACE
01 CITY : HOUSTON
STATE/ZIP : TX 77094
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,776.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031494669 MORTGAGORS: HILDUM EDWARD
WEBER SYD
REGION CODE ADDRESS : 26 BENNINGTON STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,290.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031494701 MORTGAGORS: SCRIBNER PAUL
SCRIBNER MARY
REGION CODE ADDRESS : 21932 ERIE LANE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
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 : 75.00000
----------------------------------------------------------------
0 0031494909 MORTGAGORS: GECKS BRUCE
GECKS KATHLEEN
REGION CODE ADDRESS : 2510 HUNTINGTON LANE, #B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031495252 MORTGAGORS: JENNINGS TIMOTHY
SPINA KIMBERLY
REGION CODE ADDRESS : 45 LINDBERGH STREET
01 CITY : LOCUST VALLEY
STATE/ZIP : NY 11560
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.75700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,314,000.00
P & I AMT: 9,025.47
UPB AMT: 1,313,169.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031495559 MORTGAGORS: JUAREZ TRINIDAD
JUAREZ ELIZABETH
REGION CODE ADDRESS : 2726 EAST LAURA COURT
01 CITY : VISALIA
STATE/ZIP : CA 93292
MORTGAGE AMOUNT : 278,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,088.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.51400
----------------------------------------------------------------
0 0031495617 MORTGAGORS: THOMPSON ROBERT
THOMPSON MARY
REGION CODE ADDRESS : 441 BELLAIRE DRIVE
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70124
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031495930 MORTGAGORS: HEITHAUS ROBERT
HEITHAUS SARAH
REGION CODE ADDRESS : 35 CANEBRAKE BLVD
01 CITY : HATTIESBURG
STATE/ZIP : MS 39402
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 : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031496011 MORTGAGORS: BAHMER RICHARD
BAHMER JANET
REGION CODE ADDRESS : 14501 SPOTSWOOD FURNACE ROAD
01 CITY : FREDERICKSBURG
STATE/ZIP : VA 22407
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,091.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 66.66600
----------------------------------------------------------------
0 0031496300 MORTGAGORS: STEIN EUGENE
DE TURCK GEERT
REGION CODE ADDRESS : 7561 LOLINA LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,300.00
P & I AMT: 10,206.71
UPB AMT: 1,482,088.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031496680 MORTGAGORS: DAVIDSON DWIGHT
DAVIDSON CHERYL
REGION CODE ADDRESS : 1375 CANTERBURY LANE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 250,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.51700
----------------------------------------------------------------
0 0031497423 MORTGAGORS: ORECCHIO MICHAEL
ORECCHIO DEBORAH
REGION CODE ADDRESS : 31751 NE. 110TH STREET
01 CITY : CARNATION
STATE/ZIP : WA 98014
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031497464 MORTGAGORS: KUHN RAYMOND
KUHN MARI
REGION CODE ADDRESS : 540 VILLA CENTRE WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 339,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,504.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,404.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031497845 MORTGAGORS: KULIKOV NICOLAY
FILONOVA LUBOV
REGION CODE ADDRESS : 1270 CONNECTICUT DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,552.73 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 : 76.04900
----------------------------------------------------------------
0 0031497886 MORTGAGORS: BRIGGS MICHAEL
BRIGGS CAROLYN
REGION CODE ADDRESS : 1345 DOE VALLEY DRIVE
01 CITY : LITHONIA
STATE/ZIP : GA 30058
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,548.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.92700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,553,200.00
P & I AMT: 10,651.02
UPB AMT: 1,552,255.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031498629 MORTGAGORS: GOODWIN KEITH
GOODWIN DIANNE
REGION CODE ADDRESS : 10206 TREASURE ISLAND DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031498660 MORTGAGORS: BIASE RALPH
MALOUF MONICA
REGION CODE ADDRESS : 5623 KNOLLWOOD ROAD
01 CITY : BETHESDA,
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031498686 MORTGAGORS: SHELCUSKY DAVID
SHELCUSKY DIANE
REGION CODE ADDRESS : 15 BRITTANY WAY
01 CITY : KENDALL PARK
STATE/ZIP : NJ 08824
MORTGAGE AMOUNT : 132,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 132,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 849.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 47.39200
----------------------------------------------------------------
0 0031498769 MORTGAGORS: LAYRAC PAUL
KANE JUDY
REGION CODE ADDRESS : 508 CALLE DE FRANCISCO
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 168,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 168,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,194.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031499429 MORTGAGORS: BAUMEL ANDREW
BAUMEL MIRIAM
REGION CODE ADDRESS : 23 CHARLOTTE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,177,900.00
P & I AMT: 7,888.82
UPB AMT: 1,177,700.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031499734 MORTGAGORS: HARRISON JEFFREY
HARRISON LAUREN
REGION CODE ADDRESS : 27 ROBERT FROST ROAD
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 241,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.34000
----------------------------------------------------------------
0 0031499817 MORTGAGORS: LEE SARAH
PEERY SCOTT
REGION CODE ADDRESS : 3351 ST. MARY'S ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 372,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,449.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031499965 MORTGAGORS: PROWELL MARK
PROWELL SHELLI
REGION CODE ADDRESS : 220 W WHITETAIL RIDGE
01 CITY : WALLACE TOWNSHIP
STATE/ZIP : PA 19343
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.49500
----------------------------------------------------------------
0 0031500309 MORTGAGORS: SAYPOFF RUSS
SAYPOFF SUSAN
REGION CODE ADDRESS : 6 DIPLOMA PLACE
01 CITY : EAST SETAUKET
STATE/ZIP : NY 11733
MORTGAGE AMOUNT : 326,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031500564 MORTGAGORS: SEYLER RUTH
REGION CODE ADDRESS : 6859 SATINLEAF RD S.#203
01 CITY : NAPLES
STATE/ZIP : FL 34109
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 725.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.48549
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,700.00
P & I AMT: 10,855.85
UPB AMT: 1,540,338.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031500812 MORTGAGORS: BLANKS ROBERT
BARNES-BLANKS CAROL
REGION CODE ADDRESS : 120 VIA ZAPATA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 422,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,694.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,986.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.03508
----------------------------------------------------------------
0 0031500994 MORTGAGORS: GORDON BRUCE
GORDON SUSAN
REGION CODE ADDRESS : 3600 LUCAS DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 281,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.98000
----------------------------------------------------------------
0 0031501604 MORTGAGORS: HATHCOX GREGORY
HATHCOX VICTORIA
REGION CODE ADDRESS : 1922 BAKERS MILL ROAD
01 CITY : DACULA
STATE/ZIP : GA 30019
MORTGAGE AMOUNT : 262,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.98900
----------------------------------------------------------------
0 0031502057 MORTGAGORS: FERNANDEZ JOSE
FERNANDEZ NICOLETTA
REGION CODE ADDRESS : 1095 SEALE DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031502214 MORTGAGORS: HUTCHESON JANICE
REGION CODE ADDRESS : 5130 CORBINA WAY
01 CITY : OXNARD
STATE/ZIP : CA 93035
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,150.00
P & I AMT: 10,618.97
UPB AMT: 1,542,601.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031502511 MORTGAGORS: KAYSER-COCHRAN CARRIE
KAYSER-COCHRAN QUINN
REGION CODE ADDRESS : 2020 WEST CRYSTAL PEAK
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 257,894.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,894.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.96200
----------------------------------------------------------------
0 0031502909 MORTGAGORS: RICE ELDEN
RICE KATHERINE
REGION CODE ADDRESS : 5233 SAN LUIS AVENUE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 235,125.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,950.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031502917 MORTGAGORS: RIVKIN MICHAEL
RIVKIN HAYA
REGION CODE ADDRESS : 47 KENMORE STREET
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,692.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.42900
----------------------------------------------------------------
0 0031502941 MORTGAGORS: KOTSOS MICHAEL
KOTSOS SUSSAN
REGION CODE ADDRESS : 668 BANYAN LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 299,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,560.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99420
----------------------------------------------------------------
0 0031502958 MORTGAGORS: FORTUNATO DAVID
FORTUNATO FRANK
REGION CODE ADDRESS : 125 BEACON STREE, UNIT #2
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 559.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,286,819.00
P & I AMT: 8,943.33
UPB AMT: 1,286,097.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031503063 MORTGAGORS: CASTLE JON
CASTLE GINA
REGION CODE ADDRESS : 1021 JUNIPER TERRACE
01 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031503352 MORTGAGORS: KAICHI HERBERT
KAICHI LISA
REGION CODE ADDRESS : 28882 GREYSTONE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,571.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.53500
----------------------------------------------------------------
0 0031503360 MORTGAGORS: SCHUETZ MICHAEL
SCHUETZ IRIS
REGION CODE ADDRESS : 17 LAS FIERAS
01 CITY : RANCHO SANTA MARGARITA AR
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,805.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.98500
----------------------------------------------------------------
0 0031503451 MORTGAGORS: HEAGEN EDWARD
HEAGEN KAREN
REGION CODE ADDRESS : 225 AVENIDA BARCELONA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,688.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,721.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031503733 MORTGAGORS: ADAMS JAMES
HERST HANS
REGION CODE ADDRESS : 248-252 1/2 SOUTH SYCAMORE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 572,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 571,564.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,950.66 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: 1,745,800.00
P & I AMT: 12,023.64
UPB AMT: 1,744,430.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031504210 MORTGAGORS: PENFIL ELIZABETH
REGION CODE ADDRESS : 11 VEROLI COURT
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,616.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.71400
----------------------------------------------------------------
0 0031504491 MORTGAGORS: BROSNAN WILLIAM
COSTALLOS JEAN
REGION CODE ADDRESS : 42 ALGONQUIN DRIVE
01 CITY : STONY POINT
STATE/ZIP : NY 10980
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.56800
----------------------------------------------------------------
0 0031505274 MORTGAGORS: DITTON ELAINE
REGION CODE ADDRESS : 22351 THORNRIDGE AVE
01 CITY : KILDEER
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,055.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031505324 MORTGAGORS: MUIR JEROLD
MUIR LAURIE
REGION CODE ADDRESS : 5172 BALDWIN TERRACE
01 CITY : MARIETTA
STATE/ZIP : GA 30068
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.63500
----------------------------------------------------------------
0 0031506280 MORTGAGORS: MITCHELL MICHAEL
WELLS TONIA
REGION CODE ADDRESS : 11420 VALE SPRING DR.
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 265,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,653,200.00
P & I AMT: 11,412.26
UPB AMT: 1,652,816.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031506447 MORTGAGORS: WARD DOUGLAS
WARD SUZANNE
REGION CODE ADDRESS : 10271 AMBERVALE LANE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,693.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,680.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.85700
----------------------------------------------------------------
0 0031506603 MORTGAGORS: CABAJ CHRISTOPHER
CABAJ EILEEN
REGION CODE ADDRESS : 16301 SUNDANCER LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 438,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,216.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031506686 MORTGAGORS: TAJIKI PARI
REGION CODE ADDRESS : 1125-1127 MARCUSSEN DRIVE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,386.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.90900
----------------------------------------------------------------
0 0031506728 MORTGAGORS: MARKS JEROME
MARKS MONIQUE
REGION CODE ADDRESS : 7 CREST ROAD
01 CITY : BELVEDERE
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 617,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 616,953.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,369.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 34.30000
----------------------------------------------------------------
0 0031508450 MORTGAGORS: KAUFFMAN PAMELA
REGION CODE ADDRESS : 24145 LAS NARANJAS DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.42105
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,112,800.00
P & I AMT: 14,953.82
UPB AMT: 2,111,255.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031508567 MORTGAGORS: MAJOR BARBARA
REGION CODE ADDRESS : 583 THIRD STREET EAST
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,825.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031508898 MORTGAGORS: GELBAND CARL
GELBAND LENORE
REGION CODE ADDRESS : 35 RUBY DRIVE
01 CITY : MARLBORO TWP.
STATE/ZIP : NJ 07746
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,282.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031509862 MORTGAGORS: GALLAGHER JOHN
GALLAGHER BEATRICE
REGION CODE ADDRESS : 5 BOWDEN DRIVE
01 CITY : HUNINGTON STATION
STATE/ZIP : NY 11746
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,318.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031510233 MORTGAGORS: MORRISON DAVID
MORRISON CYNTHIA
REGION CODE ADDRESS : 568 I AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,821.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031510480 MORTGAGORS: LEBEDEFF CHRISTOPHER
LEBEDEFF CYNTHIA
REGION CODE ADDRESS : 1105 POINCIANA DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,255,500.00
P & I AMT: 9,155.35
UPB AMT: 1,254,773.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031510522 MORTGAGORS: BURKE PAUL
REGION CODE ADDRESS : 3266 DUNBERRY CHASE
01 CITY : MARIETTA
STATE/ZIP : GA 30067
MORTGAGE AMOUNT : 378,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031510845 MORTGAGORS: PRASAD SURYA
PRASAD ANNAPURNA
REGION CODE ADDRESS : 10621 MORNINGFIELD DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031511272 MORTGAGORS: KAPLAN WILLIAM
KAPLAN BELLA
REGION CODE ADDRESS : 130 MARGUERITA AVE # 6
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,208.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031512023 MORTGAGORS: CROWE WILLIAM
REGION CODE ADDRESS : 21220 NORTH 52ND AVENUE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 265,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.36200
----------------------------------------------------------------
0 0031512072 MORTGAGORS: CHA EUN
REGION CODE ADDRESS : 4939 BOSTON AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 249,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,128.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,556,000.00
P & I AMT: 10,646.69
UPB AMT: 1,555,537.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031512437 MORTGAGORS: VIKAN CURTIS
VIKAN CYNTHIA
REGION CODE ADDRESS : 2025 VIA VINA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,184.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031512726 MORTGAGORS: FORKEY JIM
FORKEY ALISON
REGION CODE ADDRESS : 19286 BARRETT LANE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 370,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,805.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,495.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031513104 MORTGAGORS: WIMBISH KATHRYN
REGION CODE ADDRESS : 739 PURDY STREET
01 CITY : BIRMINGHAM
STATE/ZIP : MI 48009
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031513575 MORTGAGORS: NEMICKAS RIMGAUDAS
NEMICKAS JOAN
REGION CODE ADDRESS : 51212 DEERPARK ROAD
01 CITY : GRAND BEACH
STATE/ZIP : MI 49117
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,118.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031514227 MORTGAGORS: STOCKTON JIM
STOCKTON DONNA
REGION CODE ADDRESS : 5712 SOUTHERN HILLS DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,871,300.00
P & I AMT: 13,114.52
UPB AMT: 1,870,490.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031514235 MORTGAGORS: LEE ROY
REGION CODE ADDRESS : 3861 CAMINO DE LA CUMBRE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 453,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,413.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,172.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031514375 MORTGAGORS: BARNEY MAURICE
BARNEY DONNA
REGION CODE ADDRESS : 1511-1511 1/2 2ND STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,756.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031514862 MORTGAGORS: BEJAR ISAAC
BEJAR DEBORAH
REGION CODE ADDRESS : 907 NEWKIRK DR
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,636.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,689.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.59400
----------------------------------------------------------------
0 0031514920 MORTGAGORS: ERNSDORF WALTER
ERNSDORF GRETCHEN
REGION CODE ADDRESS : 229 CALLE MARINA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0031515117 MORTGAGORS: SPECHT THOMAS
SPECHT JULIE
REGION CODE ADDRESS : 742 WOODFIELD WAY
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48307
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,940,750.00
P & I AMT: 13,795.99
UPB AMT: 1,939,524.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031515299 MORTGAGORS: VU KHANH
VU KIM-NGOC
REGION CODE ADDRESS : 10 TWIN BRANCH
01 CITY : IRVINE
STATE/ZIP : CA 92620
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.76600
----------------------------------------------------------------
0 0031515356 MORTGAGORS: FISHMAN JODI
REGION CODE ADDRESS : 24709 CALLE CONEJO
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,957.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.09000
----------------------------------------------------------------
0 0031515372 MORTGAGORS: TOMICH ANTHONY
TOMICH SUSAN
REGION CODE ADDRESS : 25592 ARIA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,554.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031515760 MORTGAGORS: CASPAR E
CASPAR TAMMY
REGION CODE ADDRESS : 21655 OLD FARM ROAD
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.58100
----------------------------------------------------------------
0 0031515950 MORTGAGORS: PAUL HOWARD
REGION CODE ADDRESS : 9 CATALINA COURT
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,782.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,000.00
P & I AMT: 10,270.90
UPB AMT: 1,480,835.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031516289 MORTGAGORS: MINASSIAN ARAX
REGION CODE ADDRESS : 60 HEIGHTS ROAD
01 CITY : PLANDOME
STATE/ZIP : NY 11030
MORTGAGE AMOUNT : 622,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 622,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,299.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031517162 MORTGAGORS: COSIO RHONDA
COSIO DAVID
REGION CODE ADDRESS : 1555 OXFORD STREET
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,818.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031517287 MORTGAGORS: SOUZA ALAINA
SOUZA CHRISTOPHER
REGION CODE ADDRESS : 230 MIRAFLORES ROAD
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.74190
----------------------------------------------------------------
0 0031517402 MORTGAGORS: MADDOCK ERNEST
REGION CODE ADDRESS : 2204 CHAMPLAIN COURT
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 275,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,506.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031517543 MORTGAGORS: UNION DONALD
REGION CODE ADDRESS : 40 ST. ANTON CIRCLE
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93346
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,789.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,633,450.00
P & I AMT: 11,037.59
UPB AMT: 1,631,622.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031517667 MORTGAGORS: DUPONT ORLY
REGION CODE ADDRESS : 3010 KOBI COURT
01 CITY : HOUSTON
STATE/ZIP : TX 77068
MORTGAGE AMOUNT : 374,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,684.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031517790 MORTGAGORS: THOMPSON WILLIAM
THOMPSON ROSEANN
REGION CODE ADDRESS : 30 MOUNTAIN VIEW
01 CITY : IRVINE
STATE/ZIP : CA 92612
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.79400
----------------------------------------------------------------
0 0031517840 MORTGAGORS: WILKINS RANDALL
REGION CODE ADDRESS : 4961 E CALLE VENTURA
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,760.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.68900
----------------------------------------------------------------
0 0031518723 MORTGAGORS: HOERNER PETER
HOERNER MEGHAN
REGION CODE ADDRESS : 2415 SOUTH STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19146
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031519861 MORTGAGORS: WAITS JAMES
WAITS RUTH
REGION CODE ADDRESS : 3304 WILLOWRIDGE CIRCLE
01 CITY : CARROLLTON
STATE/ZIP : TX 75007
MORTGAGE AMOUNT : 143,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 976.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,850.00
P & I AMT: 10,182.28
UPB AMT: 1,436,636.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031520158 MORTGAGORS: UMPHREY TONIA
REGION CODE ADDRESS : 306 WEST GOMEZ ROAD
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 166,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 166,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,174.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.20900
----------------------------------------------------------------
0 0031520315 MORTGAGORS: HENDRICKSON LINDA
REGION CODE ADDRESS : 5914 STONESHIRE CT
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.90800
----------------------------------------------------------------
0 0031520521 MORTGAGORS: SCHRAMM KENNETH
SCHRAMM KATHLEEN
REGION CODE ADDRESS : 38426 GRANVILLE DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031520794 MORTGAGORS: SHAMBAN ERIC
HARHAI KEN
REGION CODE ADDRESS : 3228 WESTHEIMER
01 CITY : HOUSTON
STATE/ZIP : TX 77098
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031520828 MORTGAGORS: BELLAVIA JOSEPH
BELLAVIA FAWN
REGION CODE ADDRESS : 3939 BALLINA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 418,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,031.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,889.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.68500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,350.00
P & I AMT: 9,681.83
UPB AMT: 1,390,531.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031520968 MORTGAGORS: MURPHY JAMES
MURPHY DONNA
REGION CODE ADDRESS : 15902 CHESTNUT ROAD
01 CITY : LOWELL
STATE/ZIP : IN 46356
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031520992 MORTGAGORS: DUNN DANIEL
DUNN GWYN
REGION CODE ADDRESS : 3143 MONTECITO MEADOW DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 248,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,957.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.48295
----------------------------------------------------------------
0 0031521065 MORTGAGORS: RUMMLER MICHELE
MORAN SEAN
REGION CODE ADDRESS : 341 CONTINENTAL AVENUE
01 CITY : PARAMUS
STATE/ZIP : NJ 07652
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,887.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031521099 MORTGAGORS: MANETTA ROBERT
MANETTA BEATRIZ
REGION CODE ADDRESS : 311 WHITENACK ROAD
01 CITY : BERNARDS
STATE/ZIP : NJ 07931
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,699.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 43.33300
----------------------------------------------------------------
0 0031521222 MORTGAGORS: NUZZO ANTHONY
NUZZO LINDA
REGION CODE ADDRESS : 973 WOODMERE DRIVE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,455.65 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 : 65.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,402,850.00
P & I AMT: 10,158.20
UPB AMT: 1,399,249.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031521255 MORTGAGORS: CHRISTIAN WAYNE
CHRISTIAN LEANNA
REGION CODE ADDRESS : 8920 FERN VALLEY COVE
01 CITY : CORDOVA
STATE/ZIP : TN 38018
MORTGAGE AMOUNT : 332,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,267.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.86600
----------------------------------------------------------------
0 0031521263 MORTGAGORS: STRITCH LAWRENCE
BENNETT SUSAN
REGION CODE ADDRESS : 9200 ALPINE ROAD
01 CITY : LA HONDA
STATE/ZIP : CA 94020
MORTGAGE AMOUNT : 411,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,887.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,877.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.20300
----------------------------------------------------------------
0 0031521461 MORTGAGORS: MCBRIDE WILLIAM
MCBRIDE JACQUELINE
REGION CODE ADDRESS : 10309 BEAR CREEK DR
01 CITY : MANASSAS
STATE/ZIP : VA 20111
MORTGAGE AMOUNT : 259,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.90500
----------------------------------------------------------------
0 0031522048 MORTGAGORS: LOCKE STEVEN
LOCKE JOANNE
REGION CODE ADDRESS : 10 DEER RUN
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.87400
----------------------------------------------------------------
0 0031522550 MORTGAGORS: FISCHER ERICH
FISCHER LESLIE
REGION CODE ADDRESS : 1405 BLUEBIRD CANYON DR
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,500.00
P & I AMT: 11,861.29
UPB AMT: 1,659,887.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031522584 MORTGAGORS: LEE HARRY
LEE CATHERINE
REGION CODE ADDRESS : 225 CLASSIC WAY
01 CITY : FALLON
STATE/ZIP : NV 89406
MORTGAGE AMOUNT : 89,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 618.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031522774 MORTGAGORS: STRETCH DONALD
REGION CODE ADDRESS : 11908 FALLEN HOLLY COURT
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.96100
----------------------------------------------------------------
0 0031522790 MORTGAGORS: GELLAR BETH
REGION CODE ADDRESS : 4900 GLENALBYN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90065
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031523194 MORTGAGORS: KELLERMAN WILLIAM
KELLERMAN SHEILA
REGION CODE ADDRESS : 1740 PLEASANT VALLEY ROAD
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,719.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.46938
----------------------------------------------------------------
0 0031523236 MORTGAGORS: HARRIS JOHN
HARRIS KINA
REGION CODE ADDRESS : 1547 EAST DESERT ISLAND DRIVE
01 CITY : FRESNO
STATE/ZIP : CA 93720
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 : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,330,600.00
P & I AMT: 8,975.23
UPB AMT: 1,330,032.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031523400 MORTGAGORS: BAE SU
BAE CHOON
REGION CODE ADDRESS : 2127 ELM AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,773.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.51100
----------------------------------------------------------------
0 0031523913 MORTGAGORS: BEAR NANCY
REGION CODE ADDRESS : 709 NORTH BAY FRONT
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92662
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 630,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.78260
----------------------------------------------------------------
0 0031524754 MORTGAGORS: DORSEY WILLIAM
DORSEY MEGAN
REGION CODE ADDRESS : 1118 OAK GLEN LANE
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 142,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 984.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031525009 MORTGAGORS: STONE ERROL
STONE WANDA
REGION CODE ADDRESS : 5953 CAPE CORAL DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031525017 MORTGAGORS: DE ANDRADE DAVID
DE ANDRADE CLAIRE
REGION CODE ADDRESS : 179 SCENIC AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 279,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,526.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.73 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: 1,637,350.00
P & I AMT: 11,417.40
UPB AMT: 1,636,899.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031525074 MORTGAGORS: JOHNSON STEVE
JOHNSON LORITA
REGION CODE ADDRESS : 1650 RAMONA AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,768.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.91350
----------------------------------------------------------------
0 0031525090 MORTGAGORS: JACOBS RONALD
JACOBS MAGGIE
REGION CODE ADDRESS : 24200 CLARINGTON DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 263,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,884.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.46660
----------------------------------------------------------------
0 0031525272 MORTGAGORS: SPIVA HOWARD
REGION CODE ADDRESS : 4385 DAVIDSON AVENUE
01 CITY : ATLANTA
STATE/ZIP : GA 30319
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031525736 MORTGAGORS: HOWERTON MARCUS
HOWERTON JANINE
REGION CODE ADDRESS : 403 TIDES RUN
01 CITY : YORKTOWN
STATE/ZIP : VA 23692
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031525926 MORTGAGORS: FEHRENBACH JAMES
FEHRENBACH JENNY
REGION CODE ADDRESS : 12 COOPER AVENUE
01 CITY : EDINA
STATE/ZIP : MN 55436
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,100.00
P & I AMT: 10,576.37
UPB AMT: 1,548,652.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031526353 MORTGAGORS: LYDEN CHRISTOPHER
LYDEN PRISCILLA
REGION CODE ADDRESS : 5 BELL CANYON DRIVE
01 CITY : DOVE CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031527476 MORTGAGORS: ROSENTHAL ALAN
ROSENTHAL JANET
REGION CODE ADDRESS : 4645 DELAFIELD AVENUE
01 CITY : BRONX
STATE/ZIP : NY 10471
MORTGAGE AMOUNT : 543,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,572.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031527518 MORTGAGORS: DASH STEVEN
DASH HEDY
REGION CODE ADDRESS : 7 WILTSHIRE ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 284,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031527708 MORTGAGORS: BULMASH GERALD
REGION CODE ADDRESS : 553 12TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 26.42800
----------------------------------------------------------------
0 0031528060 MORTGAGORS: PICON GREGORY
PICON ROSEMARY
REGION CODE ADDRESS : 21441 SPRUCEWOOD
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 275,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,740.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,782,450.00
P & I AMT: 12,217.10
UPB AMT: 1,781,743.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031528201 MORTGAGORS: DEL ROSARIO CRISTINA
REGION CODE ADDRESS : 39450 LEEWARD ROAD
01 CITY : THE SEA RANCH
STATE/ZIP : CA 95497
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,828.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.36300
----------------------------------------------------------------
0 0031528219 MORTGAGORS: SANTOS JOSEPH
SANTOS MAUREEN
REGION CODE ADDRESS : 11 HIGHLAND COURT
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.00500
----------------------------------------------------------------
0 0031528227 MORTGAGORS: ROSENTHAL STEVEN
STECKEL AILSA
REGION CODE ADDRESS : 775 LONGRIDGE ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,457.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.98140
----------------------------------------------------------------
0 0031528235 MORTGAGORS: GAURON RICHARD
GAURON JOAN
REGION CODE ADDRESS : 9413 240TH AVENUE S.E.
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 361,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,996.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 47.72700
----------------------------------------------------------------
0 0031528672 MORTGAGORS: SHUBENTSOV ILYA
REGION CODE ADDRESS : 57A ST. PAUL STREET UNIT 22
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 199,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,275.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,406,500.00
P & I AMT: 9,579.74
UPB AMT: 1,405,482.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031528953 MORTGAGORS: GRUNEBAUM ERIC
TENDLER MIRIAM
REGION CODE ADDRESS : 100 MONTGOMERY STREET, #A
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02140
MORTGAGE AMOUNT : 291,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031529381 MORTGAGORS: BOYD DOUGLAS
BOYD BRENDA
REGION CODE ADDRESS : 1704 GOTHAM STREET
01 CITY : CHULA VISTA
STATE/ZIP : CA 91913
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,869.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,230.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.63801
----------------------------------------------------------------
0 0031530124 MORTGAGORS: ALLEN FREDERICK
REGION CODE ADDRESS : 32 CANAL ROAD
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031530611 MORTGAGORS: RUNELS JEFFREY
LIU-RUNELS PATRICIA
REGION CODE ADDRESS : 2196 CHAMPLAIN WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 317,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,220.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,246.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97893
----------------------------------------------------------------
0 0031530652 MORTGAGORS: GRIGGS ADRIAN
MARTINEZ A
REGION CODE ADDRESS : 8766 CANARY AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 355,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,272.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99775
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,600.00
P & I AMT: 10,567.70
UPB AMT: 1,517,962.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031531189 MORTGAGORS: AMONETTE ALISON
MITCHELL ROBERT
REGION CODE ADDRESS : 475 30TH ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.28205
----------------------------------------------------------------
0 0031531890 MORTGAGORS: STRATT BRUCE
REGION CODE ADDRESS : 14 OAK RIDGE DRIVE
01 CITY : VOORHEES
STATE/ZIP : NJ 08043
MORTGAGE AMOUNT : 501,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 501,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,546.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.13800
----------------------------------------------------------------
0 0031532898 MORTGAGORS: WALTERSCHEID KENT
WALTERSCHEID ANGELA
REGION CODE ADDRESS : 2508 SHASTA LANE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 121,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 121,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 867.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97200
----------------------------------------------------------------
0 0031533458 MORTGAGORS: NORWOOD DAVID
NORWOOD MICHELLE
REGION CODE ADDRESS : 4 FAIRWAY DRIVE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 275,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,068.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 49.60300
----------------------------------------------------------------
0 0031533474 MORTGAGORS: TROWBRIDGE JAMES
TROWBRIDGE ANNE
REGION CODE ADDRESS : 1495 MANZANITA LANE
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,597,450.00
P & I AMT: 11,108.61
UPB AMT: 1,597,001.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031534027 MORTGAGORS: KING CHRISTIAAN
KING JULIE
REGION CODE ADDRESS : 6 CELONOVA PLACE
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,810.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.47000
----------------------------------------------------------------
0 0031534076 MORTGAGORS: PITHAWALLA MEHERNOSH
PITHAWALLA YASHMIN
REGION CODE ADDRESS : 255 RENOAK WAY
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,580.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031534118 MORTGAGORS: SALCIDO JASON
SESSO JOSEPH
REGION CODE ADDRESS : 34061 BLUE LANTERN STREET
01 CITY : DANA POINT
STATE/ZIP : CA 92629
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031534191 MORTGAGORS: STERN RONALD
SOBELMAN-STERN REBECCA
REGION CODE ADDRESS : 15114 OTSEGO STREET
01 CITY : SHERMAN OAKS AREA LOS ANG
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031535529 MORTGAGORS: ZAK JONATHAN
ZAK PAIGE
REGION CODE ADDRESS : 1531 NORTH MEADS AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92669
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,791.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,402,800.00
P & I AMT: 9,722.28
UPB AMT: 1,401,988.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031535586 MORTGAGORS: SPENCER HARVEY
SPENCER SUSAN
REGION CODE ADDRESS : 4703 ROCKBLUFF DRIVE
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.50000
----------------------------------------------------------------
0 0031535594 MORTGAGORS: GORDON KENRICK
GORDON HELENA
REGION CODE ADDRESS : 300 NORTH 24TH STREET
01 CITY : CAMP HILL
STATE/ZIP : PA 17011
MORTGAGE AMOUNT : 268,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,900.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031535644 MORTGAGORS: SNYDER MATTHEW
REGION CODE ADDRESS : 1836 NORTH DOHENY DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,740.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.29700
----------------------------------------------------------------
0 0031535651 MORTGAGORS: LAM JOE
LAM LILY
REGION CODE ADDRESS : 7867 PINEVILLE CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,768.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031535677 MORTGAGORS: NAZZARENO PAUL
NAZZARENO LEISSA
REGION CODE ADDRESS : 17822 EAST LINCOLN STREET
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.31300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,774,300.00
P & I AMT: 12,381.80
UPB AMT: 1,773,174.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031536337 MORTGAGORS: SMITH LOWELL
SMITH JILL
REGION CODE ADDRESS : 26740 BASSWOOD AVENUE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,750.81 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 : 80.00000
----------------------------------------------------------------
0 0031536519 MORTGAGORS: LEE WEE
LEE SARAH
REGION CODE ADDRESS : 29 ANDALUCIA
01 CITY : IRVINE
STATE/ZIP : CA 92614
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031536634 MORTGAGORS: PERTON DEAN
WOODWARD EMILY
REGION CODE ADDRESS : 1604 HI POINT STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031536675 MORTGAGORS: DI GIORGIO TOM
REGION CODE ADDRESS : 30 CASTAWAYS NORTH
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 607,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 607,014.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,092.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.35500
----------------------------------------------------------------
0 0031537004 MORTGAGORS: HUNGERFORD DAVID
REGION CODE ADDRESS : 21341 SILVERTREE LANE
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,768.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,782,500.00
P & I AMT: 12,116.42
UPB AMT: 1,781,098.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031537640 MORTGAGORS: KNUDSEN DAVID
DEMPSEY VALERIE
REGION CODE ADDRESS : 2512 NORTH ASHBROOK CIRCLE
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0031538002 MORTGAGORS: YARIN ROBERT
YARIN CAROLYN
REGION CODE ADDRESS : 29504 WOODBROOK DRIVE
01 CITY : AGUOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,466.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,326.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.33600
----------------------------------------------------------------
0 0031538069 MORTGAGORS: BURNS KEVIN
SPERLING-BURNS ANDREA
REGION CODE ADDRESS : 16 HENRY DRIVE
01 CITY : TOWNSHIP OF CHATHAM
STATE/ZIP : NJ 07928
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.89400
----------------------------------------------------------------
0 0031538234 MORTGAGORS: KELLEN WILLIAM
KELLEN STEPHANIE
REGION CODE ADDRESS : 106 SUMMIT DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,466.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,503.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.25500
----------------------------------------------------------------
0 0031538242 MORTGAGORS: BURGERT PAUL
REGION CODE ADDRESS : 4993 BADGER ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,965.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,628,000.00
P & I AMT: 11,352.35
UPB AMT: 1,625,433.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031538309 MORTGAGORS: RYAN JAMES
RYAN KELLYE
REGION CODE ADDRESS : 4549 FABLE COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,295.80 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 : 69.23100
----------------------------------------------------------------
0 0031538408 MORTGAGORS: GRODIN MARSHALL
GRODIN ANNE
REGION CODE ADDRESS : 104 MAR VISTA DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,691.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,015.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.16600
----------------------------------------------------------------
0 0031538457 MORTGAGORS: HANSON PAUL
HANSON KATHRYN
REGION CODE ADDRESS : 5431 MEADOW CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,951.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031539117 MORTGAGORS: KRAFFT MATTHEW
KRAFFT JEAN
REGION CODE ADDRESS : 4709 LOCUST HILL COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031539364 MORTGAGORS: JAFFE MATTHEW
JAFFE ANNE
REGION CODE ADDRESS : 3504 RAYMOND STREET
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,441.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,635.92 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: 2,043,200.00
P & I AMT: 14,140.43
UPB AMT: 2,040,380.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031539786 MORTGAGORS: LYNCH CHARLES
LYNCH REGINA
REGION CODE ADDRESS : 778 PELICAN BAY DRIVE
01 CITY : DAYTONA BEACH
STATE/ZIP : FL 32119
MORTGAGE AMOUNT : 143,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,078.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031539844 MORTGAGORS: YUEN KEVIN
YUEN ALICE
REGION CODE ADDRESS : 23 WAYFAIRE
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 205,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,847.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,433.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.35800
----------------------------------------------------------------
0 0031540024 MORTGAGORS: STANSON RICHARD
STANSON BETTY
REGION CODE ADDRESS : 330 WEST CALIFORNIA BOULEVARD UNIT
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 137,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 959.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031540925 MORTGAGORS: PORT DANIEL
REGION CODE ADDRESS : 2866 DURAND DRIVE
01 CITY : LOS ANGELES HOLLYWOOD AR
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,311.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.30700
----------------------------------------------------------------
0 0031541212 MORTGAGORS: HOOKER STEPHEN
HOOKER LESA
REGION CODE ADDRESS : 6 BLANKETFLOWER
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77373
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 992,200.00
P & I AMT: 6,948.07
UPB AMT: 991,858.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031541337 MORTGAGORS: CASSIDY PETER
CASSIDY PAMELA
REGION CODE ADDRESS : 22 LAFAYETTE CIRCLE
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,891.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.65200
----------------------------------------------------------------
0 0031541592 MORTGAGORS: MAPES CRAIG
MAPES SHEILA
REGION CODE ADDRESS : 509 WOOTEN COURT N
01 CITY : POWELL
STATE/ZIP : OH 43065
MORTGAGE AMOUNT : 247,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.41900
----------------------------------------------------------------
0 0031541857 MORTGAGORS: BOLLA BRUCE
BOLLA BETTINA
REGION CODE ADDRESS : 572 KINGS ROAD
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,010.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031542269 MORTGAGORS: MASON PATRICK
BJORKLUND CHRISTINE
REGION CODE ADDRESS : 1616 PLYMOUTH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,772.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 45.27131
----------------------------------------------------------------
0 0031542343 MORTGAGORS: BORCHARDT EUGENE
BORCHARDT ELIZABETH
REGION CODE ADDRESS : 2901 ALTON ROAD
01 CITY : FORT WORTH
STATE/ZIP : TX 76109
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,306,800.00
P & I AMT: 9,026.13
UPB AMT: 1,306,382.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031542376 MORTGAGORS: HATHAWAY JAMES
HATHAWAY LEE
REGION CODE ADDRESS : 22 LARKSPUR DRIVE
01 CITY : ALISO VIEJO (AREA)
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,778.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031542434 MORTGAGORS: ROMO CARLOS
ROMO JANE
REGION CODE ADDRESS : 20010 LAYTON STREET
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 146,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,191.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,022.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031542442 MORTGAGORS: STARLING STANLEY
STARLING BETH
REGION CODE ADDRESS : 25 GLEN COVE DRIVE
01 CITY : ARDEN
STATE/ZIP : NC 28704
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.10300
----------------------------------------------------------------
0 0031542848 MORTGAGORS: SCOTT GREGG
SCOTT SHANNON
REGION CODE ADDRESS : 30255 CORTE CANTANIA
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,393.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031542913 MORTGAGORS: READY PAUL
READY BRIDGET
REGION CODE ADDRESS : 1998 SAN LUIS DRIVE
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93401
MORTGAGE AMOUNT : 271,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,288.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.40800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,234,900.00
P & I AMT: 8,583.91
UPB AMT: 1,234,152.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031542996 MORTGAGORS: KOCH CHARLES
KOCH MARTHA
REGION CODE ADDRESS : 18327 CHRISTEPH DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,578.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,683.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031543184 MORTGAGORS: BUHAY ROMEO
BUHAY BIENVENIDA
REGION CODE ADDRESS : 99-647 POHULI STREET
01 CITY : AIEA
STATE/ZIP : HI 96701
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.44186
----------------------------------------------------------------
0 0031543754 MORTGAGORS: LEVINE SAMUEL
LEVINE SYLVIA
REGION CODE ADDRESS : 711 NORTH VERMONT STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22203
MORTGAGE AMOUNT : 329,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,329.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031544190 MORTGAGORS: GLASCO DENISE
GLASCO JEFFREY
REGION CODE ADDRESS : 315 OLD OAK ROAD
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.75862
----------------------------------------------------------------
0 0031544406 MORTGAGORS: WEBBER ROBERT
WEBBER MARGARET
REGION CODE ADDRESS : 1461 CAROL STREET
01 CITY : LA HABRA
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 236,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,528.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,781,750.00
P & I AMT: 12,331.57
UPB AMT: 1,780,923.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031544638 MORTGAGORS: LIEBECK STEVEN
REGION CODE ADDRESS : 1073 PROSPECT AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90804
MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 851.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031544836 MORTGAGORS: HIRSCH JOSEPH
HIRSCH ILENE
REGION CODE ADDRESS : 26409 VIA DESMONDE
01 CITY : LOMITA
STATE/ZIP : CA 90717
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,788.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545072 MORTGAGORS: BEAN DAMIEN
BEAN KAREN
REGION CODE ADDRESS : 474 DANIELS DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90212
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,664.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,160.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545262 MORTGAGORS: DEE JOHN
BRYANT BETTINA
REGION CODE ADDRESS : 131 UPLAND ROAD
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02140
MORTGAGE AMOUNT : 628,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 628,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,391.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545411 MORTGAGORS: MAC HRUSKA LEON
COCKE GAIL
REGION CODE ADDRESS : 2207 TOWNES LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 311,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.75600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,783,050.00
P & I AMT: 12,356.64
UPB AMT: 1,782,503.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031545486 MORTGAGORS: MC QUIRTER JOSEPH
MC QUIRTER DOROTHY
REGION CODE ADDRESS : 5439 MARJAN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,703.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545528 MORTGAGORS: IRVINE RANDY
IRVINE GAYE
REGION CODE ADDRESS : 3238 RIDGEVIEW DR
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,795.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.46600
----------------------------------------------------------------
0 0031545577 MORTGAGORS: MILLER GREGORY
MILLER LESLIE
REGION CODE ADDRESS : 1955 SHEFFIELD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,792.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.91800
----------------------------------------------------------------
0 0031545650 MORTGAGORS: THOMAS KEVIN
THOMAS JAYNE
REGION CODE ADDRESS : 31 GLENDALE VIEW DRIVE
01 CITY : HAMPDEN
STATE/ZIP : MA 01036
MORTGAGE AMOUNT : 363,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,458.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,574.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.76900
----------------------------------------------------------------
0 0031545684 MORTGAGORS: ANDREWS BRET
MITCHELL KIMBERLY
REGION CODE ADDRESS : 737 ALTA VISTA ROAD
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,695,750.00
P & I AMT: 11,925.02
UPB AMT: 1,693,477.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031545817 MORTGAGORS: PIAZZA RANDELL
PIAZZA SANDRA
REGION CODE ADDRESS : 4010 BURNSIDE ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,730.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.25000
----------------------------------------------------------------
0 0031545833 MORTGAGORS: RINKER EDWARD
PILLINGS-RINKER LAURIE
REGION CODE ADDRESS : 32 STAGHOUND PASSAGE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 296,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,285.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,098.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.21300
----------------------------------------------------------------
0 0031545866 MORTGAGORS: ALPINO JOSEPH
REGION CODE ADDRESS : 2115 LOS AMIGOS STREET
01 CITY : LA CANADA - FLINTRIDGE
STATE/ZIP : CA 91011
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.00000
----------------------------------------------------------------
0 0031545882 MORTGAGORS: NEILON MICHAEL
NEILON CORA
REGION CODE ADDRESS : 26861 ANADALE DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,780.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.73600
----------------------------------------------------------------
0 0031545890 MORTGAGORS: PROVOST LEONARD
PROVOST LINDA
REGION CODE ADDRESS : 1024 12TH STREET #4
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,500.00
P & I AMT: 10,422.32
UPB AMT: 1,494,381.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031545908 MORTGAGORS: FORD JAY
FORD JULIE
REGION CODE ADDRESS : 18 CREEKRIDGE COURT
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.97200
----------------------------------------------------------------
0 0031545924 MORTGAGORS: THORSELL MARK
THORSELL MONIQUE
REGION CODE ADDRESS : 1807 SPEYER LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,974.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031545932 MORTGAGORS: HATCHER EVERETT
REGION CODE ADDRESS : 3706 MORNINGBIRD LANE
01 CITY : VACAVILLE
STATE/ZIP : CA 95688
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,323.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.92800
----------------------------------------------------------------
0 0031545965 MORTGAGORS: YOUNG JOSEPH
YOUNG FELICIA
REGION CODE ADDRESS : 6801 DERBY CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 493,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,585.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,238.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.51600
----------------------------------------------------------------
0 0031545973 MORTGAGORS: GILLES MARSCHA
PIECUKONIS CHRISTOPHER
REGION CODE ADDRESS : 5229 MILTON ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 269,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,349.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,250.00
P & I AMT: 10,775.87
UPB AMT: 1,573,028.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031546104 MORTGAGORS: KOESTER CHARLES
REGION CODE ADDRESS : 445 EL SOLYO HEIGHTS DRIVE
01 CITY : FELTON
STATE/ZIP : CA 95018
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.54300
----------------------------------------------------------------
0 0031546195 MORTGAGORS: LESURE GAMALIER
LESURE HATTIE
REGION CODE ADDRESS : 15735 OLIVER ST
01 CITY : MORENO VALLEY
STATE/ZIP : CA 92555
MORTGAGE AMOUNT : 171,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 171,182.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,242.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 81.57100
----------------------------------------------------------------
0 0031546369 MORTGAGORS: FERGUSON DAVID
FERGUSON BEVERLY
REGION CODE ADDRESS : 1 WILLOW BEND ROAD
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031546781 MORTGAGORS: BLUNK DENNIS
BLUNK SHARON
REGION CODE ADDRESS : 12704 MILTON STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031546906 MORTGAGORS: NGUYEN LOC
NGUYEN LINH
REGION CODE ADDRESS : 3091 KNICKERSON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.41800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,300,300.00
P & I AMT: 9,081.74
UPB AMT: 1,299,332.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031547086 MORTGAGORS: VENTURA ONES
VENTURA IMELDA
REGION CODE ADDRESS : 1921 CALLE DULCE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,721.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.38800
----------------------------------------------------------------
0 0031547102 MORTGAGORS: WOGAN HILARY
REGION CODE ADDRESS : 155 EUCLID AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 320,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,399.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,187.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.37963
----------------------------------------------------------------
0 0031547409 MORTGAGORS: BELKNAP RANDALL
REGION CODE ADDRESS : 445 LAUREL AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,322.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.18400
----------------------------------------------------------------
0 0031547433 MORTGAGORS: ATWOOD DOUGLAS
ATWOOD LISA
REGION CODE ADDRESS : 97 MARINA COURT DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031547508 MORTGAGORS: BUSTAMANTE MARK
BUSTAMANTE JODIE
REGION CODE ADDRESS : 5631 FOX HILLS AVENUE
01 CITY : BUENA PARK
STATE/ZIP : CA 90621
MORTGAGE AMOUNT : 184,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,659.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,276.37 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: 1,432,950.00
P & I AMT: 9,819.69
UPB AMT: 1,431,840.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031547623 MORTGAGORS: WOO HI
WOO HAE
REGION CODE ADDRESS : 2037 ORCHARD LANE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 633,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 633,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,485.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031548167 MORTGAGORS: WILMARTH ROGER
WILMARTH MARY ANN
REGION CODE ADDRESS : 10 NOLLET DRIVE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.90700
----------------------------------------------------------------
0 0031548175 MORTGAGORS: LATHAM WILLIAM
REGION CODE ADDRESS : 148 MAIN STREET #A413
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 100,640.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,568.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 721.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031548449 MORTGAGORS: CALL LORI
REGION CODE ADDRESS : 10827 NORTH NATALIE COURT
01 CITY : HIGHLAND
STATE/ZIP : UT 84003
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.61600
----------------------------------------------------------------
0 0031548480 MORTGAGORS: CATHERWOOD DARYL
CATHERWOOD KATHRYN
REGION CODE ADDRESS : 7 DELAPORT LANE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,505,390.00
P & I AMT: 10,478.34
UPB AMT: 1,505,133.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031548969 MORTGAGORS: ROSS GEORGE
SAVAY-ROSS JULIANA
REGION CODE ADDRESS : 17430 NORDHOFF STREET
01 CITY : (NORTHRIDGE AREA) LOS ANG
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 251,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.89200
----------------------------------------------------------------
0 0031549108 MORTGAGORS: JOHNSON VEIT
JOHNSON KAREN
REGION CODE ADDRESS : 2023 MURDELL LANE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,677.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,928.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031549298 MORTGAGORS: MCGRATH CHRISTOPHER
MCGRATH CHERYL
REGION CODE ADDRESS : 903 PARKSIDE ROAD
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.86600
----------------------------------------------------------------
0 0031550379 MORTGAGORS: ANDERSON JOSHUA
ANDERSON KENNON
REGION CODE ADDRESS : 42 FOREST STREET
01 CITY : MANCHESTER
STATE/ZIP : MA 01944
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.98400
----------------------------------------------------------------
0 0031551401 MORTGAGORS: BARRY PAUL
BARRY ELAINE
REGION CODE ADDRESS : 8 UPPER HEATHER WOOD
01 CITY : CROMWELL
STATE/ZIP : CT 06416
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,215.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.85600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,850.00
P & I AMT: 10,132.93
UPB AMT: 1,473,743.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031552094 MORTGAGORS: BEVENS BRIAN
BEVENS SHIRLEY
REGION CODE ADDRESS : 12952 NW CREEKVIEW DRIVE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 391,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,702.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,702.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.15000
----------------------------------------------------------------
0 0031552243 MORTGAGORS: NEUSTROM MARK
NUESTROM SHELLEY
REGION CODE ADDRESS : 230 SHERIDAN ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,714.16 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 : 74.31100
----------------------------------------------------------------
0 0031552334 MORTGAGORS: AMIN AHMAD
AMIN PALWASHA
REGION CODE ADDRESS : 223 NOTINGHAM PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
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 : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031552342 MORTGAGORS: SCHMIDT HEIMO
SCHMIDT KARA
REGION CODE ADDRESS : 415 GOLDEN GATE AVENUE
01 CITY : BELVEDERE
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 605,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 604,551.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,230.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.30100
----------------------------------------------------------------
0 0031552383 MORTGAGORS: ANDERSON LYNNE
PINE KATHY
REGION CODE ADDRESS : 6541 PERSA STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 319,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,356.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.40 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: 2,194,500.00
P & I AMT: 15,192.61
UPB AMT: 2,192,924.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031552391 MORTGAGORS: WEINBERG JERROLD
WEINBERG VALERIE
REGION CODE ADDRESS : 6045 GREYSTONE PLACE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 419,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,872.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,859.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031552466 MORTGAGORS: FROST CRAIG
FROST MARY
REGION CODE ADDRESS : 5136 BLACKBIRD DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031552490 MORTGAGORS: RITTER ROBIN
RITTER CORINA
REGION CODE ADDRESS : 10420 LA CANADA WAY
01 CITY : SUNLAND AREA
STATE/ZIP : CA 91040
MORTGAGE AMOUNT : 146,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,124.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 948.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031552508 MORTGAGORS: MAIS DALE
MAIS ELLEN
REGION CODE ADDRESS : 15219 COOL VALLEY ROAD
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,782.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.93710
----------------------------------------------------------------
0 0031552516 MORTGAGORS: SORACI JOSEPH
SORACI KAREN
REGION CODE ADDRESS : 49 SUMMITCREST
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,450.00
P & I AMT: 10,425.86
UPB AMT: 1,510,295.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031552540 MORTGAGORS: MOGILSKI EDWARD
REGION CODE ADDRESS : 7802 PINEVILLE CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,756.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.80530
----------------------------------------------------------------
0 0031552599 MORTGAGORS: MAYA ROBERT
REGION CODE ADDRESS : 633 MAGNOLIA DRIVE
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031552631 MORTGAGORS: GOLDSTEIN KEITH
GOLDSTEIN NICOLE
REGION CODE ADDRESS : 188 ALTA MESA RD
01 CITY : WOODSIDE
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,326.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031552730 MORTGAGORS: ASHCRAFT RONALD
ASHCRAFT SOCORRO
REGION CODE ADDRESS : 3331 WINSOME LANE
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,814.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.94736
----------------------------------------------------------------
0 0031552755 MORTGAGORS: KREISER BRYAN
KREISER BELINDA
REGION CODE ADDRESS : 1257 SADDLEHILL LANE
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,074.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.64 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: 1,640,250.00
P & I AMT: 11,338.79
UPB AMT: 1,639,411.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031552789 MORTGAGORS: CRISOLO MANOLITO
CRISOLO VIOLETA
REGION CODE ADDRESS : 19974 CALVERT STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,817.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031552813 MORTGAGORS: BURGER ROBERT
BURGER MARIELLEN
REGION CODE ADDRESS : 5030 GROSVENOR CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 425,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,817.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,009.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.65979
----------------------------------------------------------------
0 0031552847 MORTGAGORS: HEARN GARY
HEARN JAN
REGION CODE ADDRESS : 6010 MOSSBANK DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.71794
----------------------------------------------------------------
0 0031553548 MORTGAGORS: FURUKAWA KENNETH
SATO ROBERTA
REGION CODE ADDRESS : 1218 GEHRIG AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,200.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031553563 MORTGAGORS: BEAUBIEN BENJAMIN
BEAUBIEN DIANA
REGION CODE ADDRESS : 5 SAINT PAUL CIRCLE
01 CITY : NOVATO
STATE/ZIP : CA 94947
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,454,550.00
P & I AMT: 10,203.98
UPB AMT: 1,453,452.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031553571 MORTGAGORS: MUNDELIUS MICHAEL
MUNDELIUS KARYN
REGION CODE ADDRESS : 676 GLEN ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,740.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031553589 MORTGAGORS: ITURALDE ROMER
ITURALDE MARIA
REGION CODE ADDRESS : 975 NORTH HEATON MOOR DRIVE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 249,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,555.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031553795 MORTGAGORS: BODNER WILLIAM
REGION CODE ADDRESS : 140 THE VILLAGE #410
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,820.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031553837 MORTGAGORS: YOUN DENNIS
YOUN JOSETTE
REGION CODE ADDRESS : 428 MARBLE COVE WAY
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031553894 MORTGAGORS: TARANTINO DONALD
TARANTINO DARCY
REGION CODE ADDRESS : 9 WOODROSE COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 477,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,627.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,253.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.78900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,547,750.00
P & I AMT: 10,573.06
UPB AMT: 1,546,545.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031554009 MORTGAGORS: SNYDER ALVIN
SNYDER BETTY
REGION CODE ADDRESS : 2636 GRACELAND AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 302,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,275.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,115.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 51.70900
----------------------------------------------------------------
0 0031554066 MORTGAGORS: DUROJAIYE EMMANUEL
DUROJAIYE OLUKENI
REGION CODE ADDRESS : 28319 PONTEVEDRA DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,810.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.85700
----------------------------------------------------------------
0 0031554082 MORTGAGORS: DWORSKY PHILIP
HODGIN DEANNA
REGION CODE ADDRESS : 618 BELVEDERE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,794.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.80000
----------------------------------------------------------------
0 0031554132 MORTGAGORS: MOYNAHAN BRYAN
REGION CODE ADDRESS : 29191 MIRA VISTA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 274,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,690.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.61000
----------------------------------------------------------------
0 0031554157 MORTGAGORS: SINCERBOX KURT
SINCERBOX CHRISTINE
REGION CODE ADDRESS : 3201 MANDA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 270,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,508.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,100.00
P & I AMT: 10,122.29
UPB AMT: 1,422,079.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031554181 MORTGAGORS: CLEVELAND REX
CLEVELAND DINA
REGION CODE ADDRESS : 6329 TIOGA PASS COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 235,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,475.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98710
----------------------------------------------------------------
0 0031554207 MORTGAGORS: WANN STEVEN
WANN KIMBER
REGION CODE ADDRESS : 30652 SHADE TREE LANE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,554.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,481.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 50.47600
----------------------------------------------------------------
0 0031554223 MORTGAGORS: WELD DAVID
WELD LISA
REGION CODE ADDRESS : 213 CALLE MARINA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,751.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.77700
----------------------------------------------------------------
0 0031554256 MORTGAGORS: COBEZ ROBERT
SURRELL LINDA
REGION CODE ADDRESS : 215 CALCITA DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,754.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.82500
----------------------------------------------------------------
0 0031554272 MORTGAGORS: HOOVER RYAN
HOOVER ROSALIE
REGION CODE ADDRESS : 819 RIGEL LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,824.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.94117
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,648,650.00
P & I AMT: 11,250.08
UPB AMT: 1,647,360.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031554306 MORTGAGORS: TROUSSIEUX LUC
TROUSSIEUX MARIN
REGION CODE ADDRESS : 160 HOMESTEAD BOULEVARD
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.03600
----------------------------------------------------------------
0 0031554314 MORTGAGORS: STOCKER SANDRA
REGION CODE ADDRESS : 1933 RIPER RIDGE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031554330 MORTGAGORS: IWASAKI YOSHIHISA
IWASAKI RITSUKO
REGION CODE ADDRESS : 1644 ALEXANDER WAY
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 622,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 621,549.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,402.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.75000
----------------------------------------------------------------
0 0031554496 MORTGAGORS: COMMISSO DOMINIC
COMMISSO ANNE
REGION CODE ADDRESS : 1035 STEINWAY AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.46100
----------------------------------------------------------------
0 0031554538 MORTGAGORS: MCGAHAN LUTHER
MCGAHAN KATHERINE
REGION CODE ADDRESS : 1066 SANDLEWOOD DRIVE
01 CITY : LAKE ARROWHEAD (AREA)
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 181,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 181,365.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,269.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.62500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,811,500.00
P & I AMT: 12,692.74
UPB AMT: 1,810,161.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031554553 MORTGAGORS: NEGRON IRMA
REGION CODE ADDRESS : 4505 NORTHWEST 43RD AVENUE
01 CITY : TAMARAC
STATE/ZIP : FL 33319
MORTGAGE AMOUNT : 54,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 54,870.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 446.69 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 9.12500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031554660 MORTGAGORS: ZAGLIN GENE
STRAZZE BENJAMIN
REGION CODE ADDRESS : 119 OAKMONT AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031555196 MORTGAGORS: MCMAHON TIMOTHY
MCMAHON MOLLY
REGION CODE ADDRESS : 6 VIA ENCARO
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,862.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,450.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031555345 MORTGAGORS: FOROUHAR KEYKHOSRO
FOROUHAR NADIA
REGION CODE ADDRESS : 1169 SESAME DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,713.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,603.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.92000
----------------------------------------------------------------
0 0031555428 MORTGAGORS: JOHNSTON COLLEEN
REGION CODE ADDRESS : 3415 SHORELAND DRIVE
01 CITY : BUFORD
STATE/ZIP : GA 30518
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,391.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,285,900.00
P & I AMT: 9,000.36
UPB AMT: 1,285,103.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031555444 MORTGAGORS: BROWN DUANE
BROWN VICKIE
REGION CODE ADDRESS : 13860 SARATOGA AVENUE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,565.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 73.36956
----------------------------------------------------------------
0 0031555501 MORTGAGORS: DONLEY BRIAN
DONLEY LINDA
REGION CODE ADDRESS : 8511 PHOENIX AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.21300
----------------------------------------------------------------
0 0031555535 MORTGAGORS: CALLAN MARY
REGION CODE ADDRESS : 1423 TRAUGHBER ST
01 CITY : MILIPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,815.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.94200
----------------------------------------------------------------
0 0031555741 MORTGAGORS: HALL KEVIN
HALL SHAROLYN
REGION CODE ADDRESS : 7738 EDDY LANE
01 CITY : VACAVILLE
STATE/ZIP : CA 95688
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,310.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031555824 MORTGAGORS: THAI JULIE
THAI DAN
REGION CODE ADDRESS : 79 DOVECREST
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,783.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.46 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: 1,394,600.00
P & I AMT: 9,984.42
UPB AMT: 1,393,820.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031555881 MORTGAGORS: VOGLER-VARDEH DEBORAH
REGION CODE ADDRESS : 17741 SEMINOLE WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 265,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,977.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.89830
----------------------------------------------------------------
0 0031555972 MORTGAGORS: WEBER BRIAN
WEBER DEIDRE
REGION CODE ADDRESS : 1727 OPECHEE WAY
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,746.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.32000
----------------------------------------------------------------
0 0031556095 MORTGAGORS: ROBLEDO ROLANDO
ROBLEDO CECILIA
REGION CODE ADDRESS : 553 LA CALMA
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 341,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,264.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,476.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.50500
----------------------------------------------------------------
0 0031556103 MORTGAGORS: FOITAG ALAN
FOITAG BARBARA
REGION CODE ADDRESS : 2131 WEST PACIFIC AVENUE
01 CITY : BURBANK
STATE/ZIP : CA 91506
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,785.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.43600
----------------------------------------------------------------
0 0031556160 MORTGAGORS: REEVES DEAN
REEVES JERI
REGION CODE ADDRESS : 28783 PARK WOODLAND PLACE
01 CITY : SAUGUS AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,769.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,700.00
P & I AMT: 10,560.06
UPB AMT: 1,508,543.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031556186 MORTGAGORS: SANFORD FAY
SANFORD LINDA
REGION CODE ADDRESS : 32100 SEDCO HEIGHTS DRIVE
01 CITY : WILDOMAR
STATE/ZIP : CA 92595
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------
0 0031556202 MORTGAGORS: PANNELL OTIS
REGION CODE ADDRESS : 22361 PEARTREE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 51.33200
----------------------------------------------------------------
0 0031556228 MORTGAGORS: LEAHY FRANCIS
REGION CODE ADDRESS : 5 CLOUDVIEW TRAIL
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,731.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031556236 MORTGAGORS: THOMAS BRIAN
THOMAS KAREN
REGION CODE ADDRESS : 3715 MISTY COVE
01 CITY : LITTLE ELM
STATE/ZIP : TX 75068
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.81500
----------------------------------------------------------------
0 0031556244 MORTGAGORS: ANDERSON ROBERT
HARRIS WILLIAM
REGION CODE ADDRESS : 16723 BOLLINGER DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,609.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,822.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.48275
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,780,000.00
P & I AMT: 12,517.31
UPB AMT: 1,778,693.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031556277 MORTGAGORS: GODDARD JAMES
GODDARD PAMELA
REGION CODE ADDRESS : 4142 WALNUT GLEN PLACE
01 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,977.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031556301 MORTGAGORS: HAMILL TEENA
HAMILL RONALD
REGION CODE ADDRESS : 12800 MONROE MANOR DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,559.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031556335 MORTGAGORS: BERNHARDT GEORGE
REGION CODE ADDRESS : 20 6TH AVENUE NE
01 CITY : HICKORY
STATE/ZIP : NC 28601
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,488.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031556657 MORTGAGORS: DITULLIO BERNARD
DITULLIO COLETTE
REGION CODE ADDRESS : 1823 BRIAR RIDGE COURT
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,223.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031556822 MORTGAGORS: DAVIS RALPH
DAVIS THERESA
REGION CODE ADDRESS : 786 BOLSANA DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,784.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.95400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,900.00
P & I AMT: 10,746.54
UPB AMT: 1,527,032.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031556855 MORTGAGORS: CARLIN MICHAEL
REGION CODE ADDRESS : 100 MERANO STREET
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031556871 MORTGAGORS: BONINO MARK
BROWN-BONINO LORI
REGION CODE ADDRESS : 3523 HIGHLAND AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,750.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------
0 0031556897 MORTGAGORS: HOWARD ANDREW
HOWARD CONSTANCE
REGION CODE ADDRESS : 13326 GRANDVIA POINT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,735.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.29200
----------------------------------------------------------------
0 0031556913 MORTGAGORS: GIEBEL LUTZ
OLSON-GIEBEL CHRISTINE
REGION CODE ADDRESS : 442 NEUADA AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 594,580.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,262.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.83300
----------------------------------------------------------------
0 0031556947 MORTGAGORS: PHILIP RONALD
PHILIP DIANA
REGION CODE ADDRESS : 1 SPOONSVILLE DRIVE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,757.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,121.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.33600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,891,500.00
P & I AMT: 13,080.44
UPB AMT: 1,890,323.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031556962 MORTGAGORS: DROZDA MARK
DROZDA JOYCE
REGION CODE ADDRESS : 5920 BEAUMONT AVENUE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 293,945.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,715.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.63600
----------------------------------------------------------------
0 0031556988 MORTGAGORS: HEANEY JOSEPH
HEANEY DONNA
REGION CODE ADDRESS : 11733 CHESTNUT RIDGE STREET
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.00000
----------------------------------------------------------------
0 0031557010 MORTGAGORS: DESSERO DOUGLAS
DESSERO SAUNDRA
REGION CODE ADDRESS : 1338 WEST WOODCREST AVENUE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031557036 MORTGAGORS: GATES PATRICIA
REGION CODE ADDRESS : 5415 SUMMER LEAF LANE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22312
MORTGAGE AMOUNT : 198,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 197,991.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,334.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 79.81800
----------------------------------------------------------------
0 0031557044 MORTGAGORS: MCGEE PATRICK
MCGEE DIANNE
REGION CODE ADDRESS : 350 SOUTH ARROYO BOULEVARD
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 334,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,225.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 44.89900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,595.00
P & I AMT: 9,351.82
UPB AMT: 1,379,713.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031557192 MORTGAGORS: MAHONEY MICHAEL
MAHONEY ELIZABETH
REGION CODE ADDRESS : 25 ANDIAMO
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 408,740.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,404.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031557259 MORTGAGORS: FEINBERG DAVID
FEINBERG ANDREA
REGION CODE ADDRESS : 9716 WENDOVER
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 648,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,268.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,536.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031557283 MORTGAGORS: TOMAN MARSHALL
TOMANN LISA
REGION CODE ADDRESS : 944 CEDAR STREET
01 CITY : EL SEGUNDO
STATE/ZIP : CA 90245
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,838.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.50700
----------------------------------------------------------------
0 0031557291 MORTGAGORS: MOSEY FRED
MOSEY NEDRA
REGION CODE ADDRESS : 1401 NORTH HOLLYDALE DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,578.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.40900
----------------------------------------------------------------
0 0031557309 MORTGAGORS: BRUCE JERRY
BRUCE TINA
REGION CODE ADDRESS : 19201 ALAMADEN ROAD #A
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,310.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,836,990.00
P & I AMT: 12,788.13
UPB AMT: 1,835,400.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031557457 MORTGAGORS: SHULTZ JOHN
SHULTZ JEAN
REGION CODE ADDRESS : 11537 MANZANITA ROAD
01 CITY : LAKESIDE
STATE/ZIP : CA 92040
MORTGAGE AMOUNT : 147,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,053.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031557481 MORTGAGORS: BOCHKUR MIKHAIL
BOCHKUR SVETLANA
REGION CODE ADDRESS : 2520 APOLLO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 63.33300
----------------------------------------------------------------
0 0031557499 MORTGAGORS: KORNFELD HOWARD
NAYLOR DEE
REGION CODE ADDRESS : 690 SEQUOIA VALLEY ROAD
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 405,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,940.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031557549 MORTGAGORS: BAKER JEFF
REGION CODE ADDRESS : 10324 11TH AVENUE NORTHEAST
01 CITY : KIRKLAND
STATE/ZIP : WA 98033
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,018.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031557572 MORTGAGORS: RYAN DAVID
RYAN PAMELA
REGION CODE ADDRESS : 1805 BLUEBIRD ROAD
01 CITY : GLENDORA
STATE/ZIP : CA 91741
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.91000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,700,600.00
P & I AMT: 11,879.45
UPB AMT: 1,700,074.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031557580 MORTGAGORS: TOOKER ROBERT
TOOKER TERESA
REGION CODE ADDRESS : 390 MOUNTAIN VIEW AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 474,628.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,628.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,197.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031557622 MORTGAGORS: THIEL REINHARD
THIEL LISA
REGION CODE ADDRESS : 914 VALOTA ROAD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,989.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031557655 MORTGAGORS: BAUTISTA RICHARD
BAUTISTA STEPHANIE
REGION CODE ADDRESS : 2048 WEST CRESTWOOD STREET
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,800.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031557689 MORTGAGORS: VERTIN MICHAEL
VERTIN SUSANNE
REGION CODE ADDRESS : 2861 COTTLE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.81290
----------------------------------------------------------------
0 0031557697 MORTGAGORS: LAM PATRICK
WONG MEI
REGION CODE ADDRESS : 20880 FOURTH STREET
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,761.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.85714
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,643,828.00
P & I AMT: 11,281.28
UPB AMT: 1,642,939.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031557929 MORTGAGORS: BUSALACCHI CATHERINE
REGION CODE ADDRESS : 5962 BRIDGEPORT LAKE WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 167,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,072.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,154.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031557978 MORTGAGORS: NICHOLAS JOANNA
NICHOLAS MICHAEL
REGION CODE ADDRESS : 728 CUMMINGS AVENUE
01 CITY : KENILWORTH
STATE/ZIP : IL 60043
MORTGAGE AMOUNT : 322,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.53600
----------------------------------------------------------------
0 0031557994 MORTGAGORS: SHAW WILLIAM
SHAW DEBORAH
REGION CODE ADDRESS : 2278 LONGACRES DRIVE
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 290,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031558000 MORTGAGORS: MARTIN RICHARD
MARTIN DENISE
REGION CODE ADDRESS : 25103 SLEEPYHOLLOW TERRACE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,837.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.04700
----------------------------------------------------------------
0 0031558034 MORTGAGORS: REIMER RANDALL
VAZ GERADETTE
REGION CODE ADDRESS : 2051 CENTRO EAST ST
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 600,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,200.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.82400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,800.00
P & I AMT: 11,436.97
UPB AMT: 1,629,509.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031558059 MORTGAGORS: SIMON DAVID
SIMON CINDY
REGION CODE ADDRESS : 1537 PUERTO VALLARTA DRIVE
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.02040
----------------------------------------------------------------
0 0031558067 MORTGAGORS: BURKE GARY
BURKE BEVERLY
REGION CODE ADDRESS : 3 BEVERLY TERRACE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.54600
----------------------------------------------------------------
0 0031558075 MORTGAGORS: KIA ALI
KIA VESTA
REGION CODE ADDRESS : 851 CHATTANOOGA AVENUE
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.89300
----------------------------------------------------------------
0 0031558083 MORTGAGORS: ESHELBY PETER
REGION CODE ADDRESS : 11577 SUBURNAS WAY
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,765.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031558109 MORTGAGORS: BEHLMER CURT
BEHLMER ANNA
REGION CODE ADDRESS : 11500 CANTON DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 440,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,164.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,042.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.16300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,796,500.00
P & I AMT: 12,469.12
UPB AMT: 1,795,443.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031558141 MORTGAGORS: TAYLOR FREDERICK
TAYLOR DARLA
REGION CODE ADDRESS : 5046 EUCALYPTUS CIRCLE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 250,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,014.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031558216 MORTGAGORS: RICHARDSON KEVIN
RICHARDSON KIM
REGION CODE ADDRESS : 34379 TUPELO STREET
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,782.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.18900
----------------------------------------------------------------
0 0031558240 MORTGAGORS: COLE WILLIAM
COLE KRISTY
REGION CODE ADDRESS : 15919 ORANGEBLOSSOM DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,784.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.21100
----------------------------------------------------------------
0 0031558265 MORTGAGORS: SAFFOLD MARYANN
REGION CODE ADDRESS : 1103 NIMITZ LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.05600
----------------------------------------------------------------
0 0031558273 MORTGAGORS: BINI PAMELA
MERCURIO HYLASUE
REGION CODE ADDRESS : 2994 HELMSLEY DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,774.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,415,200.00
P & I AMT: 9,899.01
UPB AMT: 1,414,150.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031558281 MORTGAGORS: LYNCH MICHAEL
LYNCH MICHELYN
REGION CODE ADDRESS : 915 HEATHER ROAD
01 CITY : COLMA
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031558307 MORTGAGORS: RAANES CHRIS
RAANES MELANIE
REGION CODE ADDRESS : 2713 BARCLAY WAY
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,688.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.71600
----------------------------------------------------------------
0 0031558315 MORTGAGORS: WONG MARTIN
WONG HELEN
REGION CODE ADDRESS : 1291 VIA HUERTA
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.18900
----------------------------------------------------------------
0 0031558349 MORTGAGORS: WEBB G. STEVEN
WEBB LAYLON
REGION CODE ADDRESS : 1040 HOLLY LANE
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32207
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,320.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031558372 MORTGAGORS: QUINN JOSEPH
QUINN SANDRA
REGION CODE ADDRESS : 102 CLENDENEN CT
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,585.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,550.00
P & I AMT: 11,306.42
UPB AMT: 1,631,491.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031558414 MORTGAGORS: KELLY JAMES
KELLY KATHERINE
REGION CODE ADDRESS : 2196 E MOUNTAIN STREET
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,812.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0031558448 MORTGAGORS: KRAKOWER ROBERT
KRAKOWER LORETTA
REGION CODE ADDRESS : 19424 SANDPEBBLE CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,704.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,887.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.69100
----------------------------------------------------------------
0 0031558455 MORTGAGORS: FENG JOHN
FENG LINDA
REGION CODE ADDRESS : 1327 KAINS AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031558463 MORTGAGORS: HATHAWAY PAUL
HATHAWAY JODY
REGION CODE ADDRESS : 4926 TILDEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,001.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031558505 MORTGAGORS: SUNDAY MICHAEL
SUNDAY LAURA
REGION CODE ADDRESS : 120 EASTMAN COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,712.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,809.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.18100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,613,200.00
P & I AMT: 11,347.36
UPB AMT: 1,612,016.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031558521 MORTGAGORS: LITMAN TODD
LITMAN LISA
REGION CODE ADDRESS : 2917 N. WESTON STREET
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 336,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,411.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.27900
----------------------------------------------------------------
0 0031558547 MORTGAGORS: GLAUTHIER BRADY
REGION CODE ADDRESS : 5242 VICKIE DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031558554 MORTGAGORS: DEANE PATRICK
DEANE LINDA CARRIE
REGION CODE ADDRESS : 6632 RAINBOW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 354,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,123.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031558570 MORTGAGORS: KELLER DAVID
KELLER AZMAT
REGION CODE ADDRESS : 306 AVENUE E
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.80000
----------------------------------------------------------------
0 0031558638 MORTGAGORS: EHLERT SCOTT
REGION CODE ADDRESS : 5340 RIVER POINT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 375,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,441.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,724.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.09400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,616,700.00
P & I AMT: 11,408.59
UPB AMT: 1,616,164.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031558703 MORTGAGORS: KOLB JOHN
GRASHAM NEALE
REGION CODE ADDRESS : 205-207 DORADO TERRACE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,733.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,708.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.11700
----------------------------------------------------------------
0 0031558745 MORTGAGORS: SCHROEDER DALE
REGION CODE ADDRESS : 4161 REEDLAND CIRCLE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 354,360.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,360.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,600.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031558760 MORTGAGORS: LAGRONE MICHAEL
LAGRONE KELLY
REGION CODE ADDRESS : 6317 TIOGA PASS COURT
01 CITY : LIVERMORE,
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 239,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,913.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99384
----------------------------------------------------------------
0 0031560253 MORTGAGORS: LA ROSE DAVID
LA ROSE SUSAN
REGION CODE ADDRESS : 11484 FUERTE FARMS ROAD
01 CITY : EL CAJON
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,789.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.85700
----------------------------------------------------------------
0 0031560261 MORTGAGORS: MELKONIAN RITA
REGION CODE ADDRESS : 1922 CASTLE DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.25800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,583,460.00
P & I AMT: 11,252.71
UPB AMT: 1,582,559.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031560279 MORTGAGORS: LOHNES JULIE
REGION CODE ADDRESS : 4355 BONILLO DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92115
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,942.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 566.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.15000
----------------------------------------------------------------
0 0031560345 MORTGAGORS: ELFFERS DOUGLAS
ELFFERS CHERYL
REGION CODE ADDRESS : 10 SOUTH GOLDEN WEST AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91007
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031560352 MORTGAGORS: WILSON ROBERT
WILSON ROBIN
REGION CODE ADDRESS : 90 VIA BUENA VISTA
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,980.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031560378 MORTGAGORS: BUZAK DAVID
BLAZER SANDRA
REGION CODE ADDRESS : 5642 CAMPO WALK
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031560386 MORTGAGORS: PERKINS CHARLES
PERKINS PEGGY
REGION CODE ADDRESS : 1801 QUIET RANCH ROAD
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.07600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,220,200.00
P & I AMT: 8,478.70
UPB AMT: 1,219,457.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031560410 MORTGAGORS: WOLF GARIN
ADLER CHARLES
REGION CODE ADDRESS : 2065 MCKAIN STREET
01 CITY : CALABASAS AREA
STATE/ZIP : CA 91300
MORTGAGE AMOUNT : 565,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 565,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,954.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031560451 MORTGAGORS: KHOURY EMILE
KHOURY SOILA
REGION CODE ADDRESS : 140 WINSTON DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94132
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,740.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.14600
----------------------------------------------------------------
0 0031560634 MORTGAGORS: MYKYTYN STEPHEN
MYKYTYN CAROL
REGION CODE ADDRESS : 11849 STALLION WAY
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031560790 MORTGAGORS: HANRAHAN TERRENCE
HANRAHAN DEBRA
REGION CODE ADDRESS : 14 AMATO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
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 : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031560816 MORTGAGORS: GERSON STEWART
REGION CODE ADDRESS : 2125 DELANCEY PLACE
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19103
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,730,600.00
P & I AMT: 11,937.21
UPB AMT: 1,730,143.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031560857 MORTGAGORS: CHIDOZIE CHIDI
CHIDOZIE LAUREL
REGION CODE ADDRESS : 17874 STEADING ROAD
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 241,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.05100
----------------------------------------------------------------
0 0031561038 MORTGAGORS: VITTONE JOHN
VITTONE KAREN
REGION CODE ADDRESS : 2017 LANIER DRIVE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20910
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,327.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031561046 MORTGAGORS: FEE JOHN
FEE LISA
REGION CODE ADDRESS : 12834 PINEY POINT PLACE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,205.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031561061 MORTGAGORS: BUNTROCK GRANT
BUNTROCK DONNA
REGION CODE ADDRESS : 11200 CHAPEL ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,809.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.86900
----------------------------------------------------------------
0 0031561111 MORTGAGORS: NANOS GEORGE
NANOS JOANNE
REGION CODE ADDRESS : 7211 PARK TERRACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22307
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.97200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,263,300.00
P & I AMT: 8,812.58
UPB AMT: 1,262,339.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031561137 MORTGAGORS: LAWSON DANIEL
LAWSON CATHY
REGION CODE ADDRESS : 1177 MEREDITH LANE
01 CITY : CHESTER SPRINGS (W.PIKELA
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 359,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,632.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.98000
----------------------------------------------------------------
0 0031561186 MORTGAGORS: BUCK WAYNE
BUCK SUZANNE
REGION CODE ADDRESS : 7905 TINTERN TRACE
01 CITY : DULUTH
STATE/ZIP : GA 30136
MORTGAGE AMOUNT : 317,148.17 OPTION TO CONVERT :
UNPAID BALANCE : 316,851.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,312.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/25
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.40408
----------------------------------------------------------------
0 0031561210 MORTGAGORS: GRIFFITH WEBSTER
WHEELER GRIFFITH PATSY
REGION CODE ADDRESS : 11415 FIELDSTONE LANE
01 CITY : RESTON
STATE/ZIP : VA 20191
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,743.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031561244 MORTGAGORS: SMITH ROBERT
SMITH JOSEFA
REGION CODE ADDRESS : 3809 VICKERS LAKE DRIVE
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32224
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,300.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031561251 MORTGAGORS: RUMPF RICHARD
RUMPF LENORE
REGION CODE ADDRESS : 4607 S THIRD STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22204
MORTGAGE AMOUNT : 266,404.45 OPTION TO CONVERT :
UNPAID BALANCE : 266,154.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/25
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.18800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,556,952.62
P & I AMT: 11,060.65
UPB AMT: 1,555,683.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031561285 MORTGAGORS: KATZ ROBERT
STANLEY DEBORAH
REGION CODE ADDRESS : 830 NW SAINT HELENS AVE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 373,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,193.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,613.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.19000
----------------------------------------------------------------
0 0031561509 MORTGAGORS: LEAVER SAMUEL
LEAVER BRENDA
REGION CODE ADDRESS : 8024 WISPY SAGE WAY
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 250,528.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,351.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.08500
----------------------------------------------------------------
0 0031561772 MORTGAGORS: PAUL HAROLD
PAUL SHEILA
REGION CODE ADDRESS : 509 SHASTA PARK COURT
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98280
----------------------------------------------------------------
0 0031561863 MORTGAGORS: FORSMAN CHRISTOPHER
FORSMAN NADINE
REGION CODE ADDRESS : 80 ROCKWOOD COURT
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,663.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.72720
----------------------------------------------------------------
0 0031561905 MORTGAGORS: SHRADER PAMELA
REGION CODE ADDRESS : 4172 HILL STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92107
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,679.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,852,278.00
P & I AMT: 12,724.40
UPB AMT: 1,850,571.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031562036 MORTGAGORS: BANTZ THOMAS
REGION CODE ADDRESS : 205 CRESTRIDGE DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,712.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.41700
----------------------------------------------------------------
0 0031562069 MORTGAGORS: TELLES ALBERT
TELLES MARY
REGION CODE ADDRESS : 174 TWIN PINES DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031562119 MORTGAGORS: CAREY MICHAEL
KICKHOEFER VALERIE
REGION CODE ADDRESS : 3918 SCADLOCK LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031562127 MORTGAGORS: GERARD DAVID
BROWN WENDY
REGION CODE ADDRESS : 717 2ND STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 325,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,552.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.87500
----------------------------------------------------------------
0 0031562143 MORTGAGORS: QUESADA ROBERT
QUESADA MARGARITA
REGION CODE ADDRESS : 737 NORTH LIVE OAK AVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.05800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,800.00
P & I AMT: 11,386.81
UPB AMT: 1,647,264.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031562150 MORTGAGORS: CONLEY PAUL
CONLEY SUZANNE
REGION CODE ADDRESS : 7011 CASTLE PEAK DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031562184 MORTGAGORS: VERA EDWARD
VERA CAMELIA
REGION CODE ADDRESS : 416 DAROCA AVENUE
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.45100
----------------------------------------------------------------
0 0031562192 MORTGAGORS: SULLIVAN THOMAS
SULLIVAN MARGARET
REGION CODE ADDRESS : 807 PALOMINO DRIVE
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 113,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 774.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.37300
----------------------------------------------------------------
0 0031562218 MORTGAGORS: MUNIR NASIR
MUNIR AYESHA
REGION CODE ADDRESS : 17435 LORI ANN LANE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 283,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.14285
----------------------------------------------------------------
0 0031562234 MORTGAGORS: FAIRTLOUGH JONATHAN
FAIRTLOUGH KERRY
REGION CODE ADDRESS : 1748 AMARELLE STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,199,750.00
P & I AMT: 8,409.28
UPB AMT: 1,199,573.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031562267 MORTGAGORS: FATTAHI ZIA
KOENCY GINA
REGION CODE ADDRESS : 24 EAST LAKE
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 295,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.72700
----------------------------------------------------------------
0 0031562291 MORTGAGORS: HALL BARRY
HALL IDILIA
REGION CODE ADDRESS : 6212 CRANBERRY DR
01 CITY : PORT ORANGE
STATE/ZIP : FL 32127
MORTGAGE AMOUNT : 155,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,097.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.89600
----------------------------------------------------------------
0 0031562317 MORTGAGORS: CHEN WINSTON
TENG NINA
REGION CODE ADDRESS : 13286 GLASGOW COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 647,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,007.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,472.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.10800
----------------------------------------------------------------
0 0031562358 MORTGAGORS: ATCHLEY MARK
PHIPPEN BONNIE
REGION CODE ADDRESS : 7 MEADOW DRIVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 100,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,973.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 691.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 32.80320
----------------------------------------------------------------
0 0031562382 MORTGAGORS: BROWN FREDERICK
BROWN BARBARA
REGION CODE ADDRESS : 230 GRANTIE STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 285,425.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,425.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.75300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,375.00
P & I AMT: 10,323.60
UPB AMT: 1,482,806.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031562432 MORTGAGORS: DISSING PAUL
DISSING ANA
REGION CODE ADDRESS : 60 TRINIDAD BEND
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,726.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031562440 MORTGAGORS: GATES TIMOTHY
GATES CARYN
REGION CODE ADDRESS : 7690 LION ST
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91730
MORTGAGE AMOUNT : 152,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 152,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,092.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.43200
----------------------------------------------------------------
0 0031562465 MORTGAGORS: MESSNER DOUGLAS
MESSNER MARY
REGION CODE ADDRESS : 776 TROUN WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,236.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,393.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.48954
----------------------------------------------------------------
0 0031562473 MORTGAGORS: BEALL JOHN
BEALL JILL
REGION CODE ADDRESS : 5709 IRONWOOD STREET
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 333,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.40400
----------------------------------------------------------------
0 0031562507 MORTGAGORS: ZEHRING RICHARD
ZEHRING KIMBERLY
REGION CODE ADDRESS : 225 BARBARA DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,500.00
P & I AMT: 10,272.45
UPB AMT: 1,476,745.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031562556 MORTGAGORS: THOMAS SCOTT
MALVASE KAREN
REGION CODE ADDRESS : 402 CALERO AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,819.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,575.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.30500
----------------------------------------------------------------
0 0031562564 MORTGAGORS: SAITTA MICHAEL
REGION CODE ADDRESS : 940 NORTH LA JOLLA AVENUE
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 323,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,365.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.27800
----------------------------------------------------------------
0 0031562572 MORTGAGORS: FOSTER MARTIN
MORGAN FOSTER STACEY
REGION CODE ADDRESS : 390 RENNIE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,803.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.99230
----------------------------------------------------------------
0 0031562580 MORTGAGORS: BURNS TIMOTHY
REGION CODE ADDRESS : 5800 BUENA VISTA AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,806.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.05400
----------------------------------------------------------------
0 0031562648 MORTGAGORS: RAY MICHAEL
RAY VICKI
REGION CODE ADDRESS : 6323 THOMAS DRIVE UNIT 102
01 CITY : PANAMA CITY
STATE/ZIP : FL 32408
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,600.00
P & I AMT: 10,064.64
UPB AMT: 1,422,566.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031563059 MORTGAGORS: MEROLA KENNETH
MEROLA DANA
REGION CODE ADDRESS : 6334 AQUARIUS AVENUE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,122.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.27200
----------------------------------------------------------------
0 0031563067 MORTGAGORS: BRINK DANIEL
BRINK HELENE
REGION CODE ADDRESS : 4721 FRANKLIN ROAD
01 CITY : YUBA CITY
STATE/ZIP : CA 95993
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,670.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,775.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.57140
----------------------------------------------------------------
0 0031563091 MORTGAGORS: KLOR GERALD
TOBIN-KLOR KATHLEEN
REGION CODE ADDRESS : 1128 BIRCH DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94952
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 : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.41900
----------------------------------------------------------------
0 0031563117 MORTGAGORS: MARKOWITZ MARGOT
REGION CODE ADDRESS : 9712 GLYNSHIRE WAY
01 CITY : POTOMAC
STATE/ZIP : MD 20854
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031563141 MORTGAGORS: LORENCZ DENNIS
LORENCZ SANDRA
REGION CODE ADDRESS : 1864 RAMBLING ROAD
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,816.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.94010
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,597,300.00
P & I AMT: 11,240.60
UPB AMT: 1,596,127.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031563190 MORTGAGORS: PANG PATRICK
PANG CINDY
REGION CODE ADDRESS : 4243 KATIE LANE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,820.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031563307 MORTGAGORS: BROWN MICHAEL
BROWN ANNA
REGION CODE ADDRESS : 16559 SHADY VIEW LANE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,600.16 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 : 75.75750
----------------------------------------------------------------
0 0031563315 MORTGAGORS: EPSTEIN DAVID
EPSTEIN JEANNE
REGION CODE ADDRESS : 1655 HAYDN DRIVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,667.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031563323 MORTGAGORS: MEDIATE ROCCO
MEDIATE LINDA
REGION CODE ADDRESS : 8026 PEBBLE CREEK LANE WEST
01 CITY : PONTE VEDRA BEACH
STATE/ZIP : FL 32082
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 43.33300
----------------------------------------------------------------
0 0031563331 MORTGAGORS: BAKER CHRIS
BAKER TINA
REGION CODE ADDRESS : 4393 MORRIS DRIVE
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,951.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.61 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: 2,125,200.00
P & I AMT: 14,457.35
UPB AMT: 2,123,532.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031563448 MORTGAGORS: CLOUGH MICHAEL
CLOUGH NANCY
REGION CODE ADDRESS : 5150 37TH ROAD NORTH
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,752.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031563489 MORTGAGORS: OREM LOUIS
OREM LOUISE
REGION CODE ADDRESS : 11192 LONGWOOD GROVE DRIVE
01 CITY : RESTON
STATE/ZIP : VA 20194
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.56600
----------------------------------------------------------------
0 0031563521 MORTGAGORS: RAMIREZ CAROL
RAMIREZ JAIME
REGION CODE ADDRESS : 402 CASA VIEW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.43100
----------------------------------------------------------------
0 0031563539 MORTGAGORS: DOLAND TERRANCE
DOLAND LYNN
REGION CODE ADDRESS : 5299 LIGURIAN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.57620
----------------------------------------------------------------
0 0031563547 MORTGAGORS: SO HOCK
SIU CHRISTINE
REGION CODE ADDRESS : 230 BIARRITZ COURT
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 368,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,033.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.38330
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,725,300.00
P & I AMT: 12,015.25
UPB AMT: 1,724,243.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031563562 MORTGAGORS: OMOOMY MOHAMAD
REGION CODE ADDRESS : 525 EAGLE STREET
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,068.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031563570 MORTGAGORS: NIVEN TRI
NIVEN LIEN
REGION CODE ADDRESS : 988 OREGON COURT
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 346,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,879.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031563653 MORTGAGORS: CROTTY PATRICK
CROTTY VICKY
REGION CODE ADDRESS : 721 QUARTZ STREET
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,799.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------
0 0031563687 MORTGAGORS: GULNAC STEVEN
GULNAC DONNA
REGION CODE ADDRESS : 3671 BOISE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
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 : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031563695 MORTGAGORS: ANTON IAN
REGION CODE ADDRESS : 1214-1214A FULTON STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,764.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.40740
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,479,400.00
P & I AMT: 10,403.92
UPB AMT: 1,478,313.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031563703 MORTGAGORS: HO LARRY
HO LI-TUEN
REGION CODE ADDRESS : 1153 STERLING GATE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 383,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,722.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,710.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.37980
----------------------------------------------------------------
0 0031563711 MORTGAGORS: BAROUDI FRANK
BAROUDI KRISTA
REGION CODE ADDRESS : 6126 FLAGSTONE ROW
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,636.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,065.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.51270
----------------------------------------------------------------
0 0031563729 MORTGAGORS: DECKER STEVEN
SAMBERG RANDY
REGION CODE ADDRESS : 4608 NOVATO STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 278,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,898.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.27270
----------------------------------------------------------------
0 0031563745 MORTGAGORS: SOLIDAY JOHN
PALMER CONSTANCE
REGION CODE ADDRESS : 1059 CAMINO RAMON
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,750.00 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 : 59.22330
----------------------------------------------------------------
0 0031563752 MORTGAGORS: JOHNSON JAMES
JOHNSON SUSANN
REGION CODE ADDRESS : 7867 CYPRESS CREEK COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,734.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.83330
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,761,100.00
P & I AMT: 12,093.21
UPB AMT: 1,759,742.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031563760 MORTGAGORS: RUCKER RANDAL
RUCKER JUDITH
REGION CODE ADDRESS : 1371 HARWALT DRIVE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,673.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,748.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.75000
----------------------------------------------------------------
0 0031563778 MORTGAGORS: HECHT FREDERICK
LOWN ELIZABETH
REGION CODE ADDRESS : 2810 FULTON STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94705
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,731.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031563877 MORTGAGORS: PARSINEN MARK
PARSINEN DEIDRE
REGION CODE ADDRESS : 5536 RIVIERA DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,690.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031563885 MORTGAGORS: LIMACHER MARC
LIMACHER CHRISTY
REGION CODE ADDRESS : 270 BRADY STREET
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,038.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031563901 MORTGAGORS: GIBBONS ROBERT
GIBBONS SARA
REGION CODE ADDRESS : 16261 VALLEY SPRINGS ROAD
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 248,320.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,135.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.29 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: 1,591,520.00
P & I AMT: 11,152.79
UPB AMT: 1,589,269.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031563919 MORTGAGORS: FAGUNDO COSME
FAGUNDO DANIA
REGION CODE ADDRESS : 4194 BEACON PLACE
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,801.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031563976 MORTGAGORS: BUCKLEY BERNERD
REGION CODE ADDRESS : 1179 MEADOW CREEK CIRCLE
01 CITY : SAINT HELENA
STATE/ZIP : CA 94574
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,790.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.93200
----------------------------------------------------------------
0 0031564040 MORTGAGORS: ALLEN KRISTINA
REGION CODE ADDRESS : 230 MONTREAL STREET
01 CITY : PLAYA DEL REY AREA
STATE/ZIP : CA 90293
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,326.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0031564156 MORTGAGORS: DULAY ARNEL
DULAY BERNADETTE
REGION CODE ADDRESS : 19722 MAY WAY
01 CITY : SAUGUS
STATE/ZIP : CA 91351
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98550
----------------------------------------------------------------
0 0031564321 MORTGAGORS: ROBERTS PAUL
REGION CODE ADDRESS : 1647 HUNTING CREEK DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,400.00
P & I AMT: 11,354.70
UPB AMT: 1,618,799.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031564537 MORTGAGORS: KERTZMAN ISADORE
KERTZMAN RITA
REGION CODE ADDRESS : 3923 VIA MILANO
01 CITY : SAN JOSE
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.58800
----------------------------------------------------------------
0 0031564628 MORTGAGORS: ZHITNITSKY JULIAN
ZHITNITSKY NATALIE
REGION CODE ADDRESS : 4400 CHAUMONT ROAD
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031564651 MORTGAGORS: YANG WEI-CHYUN
YANG LIN
REGION CODE ADDRESS : 4039 EMERALD ISLE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,773.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.96000
----------------------------------------------------------------
0 0031564669 MORTGAGORS: VALENTINE SANDRA
REGION CODE ADDRESS : 451 NORTH BALDY VISTA AVENUE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,058.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.95600
----------------------------------------------------------------
0 0031564685 MORTGAGORS: GATES BERNIE
GATES LAURIE
REGION CODE ADDRESS : 25792 MIDDLERIDGE LANE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.56500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,830,000.00
P & I AMT: 12,671.09
UPB AMT: 1,830,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031564727 MORTGAGORS: WOLFE JOHN
WOLFE KIM
REGION CODE ADDRESS : 82 IDORA AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.15300
----------------------------------------------------------------
0 0031564750 MORTGAGORS: CARMONA KRISTOPHER
CARMONA RENEE
REGION CODE ADDRESS : 3207 SINGINGWOOD DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.79700
----------------------------------------------------------------
0 0031564768 MORTGAGORS: REYNOLDS THOMAS
REYNOLDS MEREDITH
REGION CODE ADDRESS : 4387 CHEVY CHASE DRIVE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.02700
----------------------------------------------------------------
0 0031564776 MORTGAGORS: ACCARDO GERALD
ANDREOTTI ELISSA
REGION CODE ADDRESS : 7358 ELMWOOD CIRCLE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031564818 MORTGAGORS: TURNER M
TURNER JUDITH
REGION CODE ADDRESS : 16392 SHADY VIEW LANE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 396,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 53.58100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,500.00
P & I AMT: 11,036.01
UPB AMT: 1,602,279.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031564826 MORTGAGORS: KOJIMA WALLACE
KOJIMA JULIE
REGION CODE ADDRESS : 12 SEQUERO
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.33300
----------------------------------------------------------------
0 0031564875 MORTGAGORS: EPSTEIN HAROLD
EPSTEIN LORRAINE
REGION CODE ADDRESS : 39 NORTH BASSWOOD AVENUE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.32600
----------------------------------------------------------------
0 0031564909 MORTGAGORS: LOCKETT ROBERT
LOCKETT KELLY
REGION CODE ADDRESS : 3147 INCLINADO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.70900
----------------------------------------------------------------
0 0031564925 MORTGAGORS: SHERMAN DAVID
SHERMAN HELENE
REGION CODE ADDRESS : 4249 TARZANA ESTATES DRIVE
01 CITY : TARZANA AREA CITY OF LOS
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031565401 MORTGAGORS: MIESKOSKI EDMUND
MIESKOSKI MARY
REGION CODE ADDRESS : 4968 HIGHLAND OAKS WAY
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 276,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,109.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,800.00
P & I AMT: 9,916.95
UPB AMT: 1,405,609.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031565443 MORTGAGORS: WOLFE CHRISTOPHER
WOLFE ATHENA
REGION CODE ADDRESS : 209 ELVA DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031565468 MORTGAGORS: EVANS DAVID
EVANS CHRISTINE
REGION CODE ADDRESS : 5039 SEACHASE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 430,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,230.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,010.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031565492 MORTGAGORS: KAO VICTOR
KAO DEBBIE
REGION CODE ADDRESS : 58 LEGACY WAY
01 CITY : IRVINE
STATE/ZIP : CA 92602
MORTGAGE AMOUNT : 314,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,477.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031565526 MORTGAGORS: DEAN JAMES
DEAN SUSAN
REGION CODE ADDRESS : 1825 DEL RIO DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031565682 MORTGAGORS: ANDAL RICKSON
TODD-ANDAL CYNTHIA
REGION CODE ADDRESS : 25849 EL GATO PLACE
01 CITY : SANTA CLARITA VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 166,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 166,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,148.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,500.00
P & I AMT: 10,585.40
UPB AMT: 1,507,752.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031566045 MORTGAGORS: WONG MARGARITA
REGION CODE ADDRESS : 4609 COOLIDGE STREET
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 106,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,921.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 741.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.30200
----------------------------------------------------------------
0 0031566326 MORTGAGORS: BENCAL LAURIE
REGION CODE ADDRESS : 265 BUNKER HILL STREET, UNIT #3
01 CITY : CHARLESTOWN
STATE/ZIP : MA 02129
MORTGAGE AMOUNT : 146,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 949.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031566664 MORTGAGORS: NOTINI MARK
REGION CODE ADDRESS : 74 SCRIBNER ROAD
01 CITY : TYNGSBORO
STATE/ZIP : MA 01879
MORTGAGE AMOUNT : 303,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.97700
----------------------------------------------------------------
0 0031566755 MORTGAGORS: BELGER JOHN
BELGER MAUREEN
REGION CODE ADDRESS : 115 ADAMS STREET
01 CITY : GARDEN CITY
STATE/ZIP : NY 11530
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,396.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031566813 MORTGAGORS: BUTLER WILLIAM
BUTLER LINDA
REGION CODE ADDRESS : 37897 DEERBROOK LANE
01 CITY : PURCELLVILLE
STATE/ZIP : VA 20132
MORTGAGE AMOUNT : 282,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,523.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.94 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: 1,112,250.00
P & I AMT: 7,630.83
UPB AMT: 1,111,742.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031566862 MORTGAGORS: RADOV ANTHONY
RADOV DENYCE
REGION CODE ADDRESS : 834 WEST 21ST STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90731
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,791.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.90410
----------------------------------------------------------------
0 0031566995 MORTGAGORS: SABA FARHAD
SABA BAHRAM
REGION CODE ADDRESS : 125 ISLAND VIEW DR.
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031567217 MORTGAGORS: BJORKQUIST ERIK
REGION CODE ADDRESS : 111 C STREET
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,831.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.66600
----------------------------------------------------------------
0 0031567225 MORTGAGORS: LAU CHEUNG
LAU IRENE
REGION CODE ADDRESS : 1040 FLYING FISH STREET
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,734.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.27820
----------------------------------------------------------------
0 0031567241 MORTGAGORS: DALLAS DALE
DALLAS BARBARA
REGION CODE ADDRESS : 15 LOST VALLEY DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,591.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.67213
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,653,000.00
P & I AMT: 11,309.28
UPB AMT: 1,651,949.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031567290 MORTGAGORS: ARROYO DANIEL
ARROYO ANTOINETTE
REGION CODE ADDRESS : 3533 ELMHURST AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,304.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.34217
----------------------------------------------------------------
0 0031567308 MORTGAGORS: ZHANG XIAO-HAI
THAM SHIAO-HUNG
REGION CODE ADDRESS : 744 PORTSWOOD DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,754.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031567381 MORTGAGORS: CAMPBELL KEVIN
CAMPBELL ELIZABETH
REGION CODE ADDRESS : 211 GROVE STREET
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,987.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031567399 MORTGAGORS: THOMSON RANDALL
THOMSON SHAUNA
REGION CODE ADDRESS : 5953 MARETA LANE
01 CITY : LOOMIS
STATE/ZIP : CA 95650
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.06060
----------------------------------------------------------------
0 0031567423 MORTGAGORS: ORLANDO GIUSEPPE
ORLANDO ROSALIA
REGION CODE ADDRESS : 1928 AVENIDA FELICIANO
01 CITY : (SAN PEDRO AREA) RANCHO P
STATE/ZIP : CA 90275
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.57140
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,326,700.00
P & I AMT: 9,093.50
UPB AMT: 1,325,672.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031567571 MORTGAGORS: PHELPS KENNETH
PHELPS JULIA
REGION CODE ADDRESS : 9360 CROCKER ROAD
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.53410
----------------------------------------------------------------
0 0031567597 MORTGAGORS: CHEN PETER
LIANG SUSAN
REGION CODE ADDRESS : 1112 LITTLE JOHN WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.85710
----------------------------------------------------------------
0 0031567639 MORTGAGORS: KWAN WAI
KWAN SHU
REGION CODE ADDRESS : 43409 LAUREL GLEN COMMON
01 CITY : FREMONT
STATE/ZIP : CA 94539
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 : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.15590
----------------------------------------------------------------
0 0031567886 MORTGAGORS: ENGELMANN JULIE
ENGELMANN JEFFREY
REGION CODE ADDRESS : 2109 N. BISSELL ST.
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 384,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,785.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,784.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031567894 MORTGAGORS: LAWLER JOSEPH
LAWLER ELIZABETH
REGION CODE ADDRESS : 11652 HOWITZER LANE
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22192
MORTGAGE AMOUNT : 258,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,443.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 92.37500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,700.00
P & I AMT: 10,673.48
UPB AMT: 1,537,536.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031567936 MORTGAGORS: LEATHERS TODD
LEATHERS LORI
REGION CODE ADDRESS : 4 PALMER DRIVE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 266,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 92.78260
----------------------------------------------------------------
0 0031568041 MORTGAGORS: WILSON THOMAS
WILSON REBECCA
REGION CODE ADDRESS : 514 SOUTH 88TH STREET
01 CITY : TACOMA
STATE/ZIP : WA 98444
MORTGAGE AMOUNT : 127,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 891.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031568470 MORTGAGORS: VINCI MICHAEL
REGION CODE ADDRESS : 14 GENOA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,826.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 92.85710
----------------------------------------------------------------
0 0031568512 MORTGAGORS: MOUSSABECK OMAR
MOUSSABECK SATANAY
REGION CODE ADDRESS : 24495 PASEO DE TORONTO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031568553 MORTGAGORS: GARZA ALEJANDRO
GARZA GUADALUPE
REGION CODE ADDRESS : 108 NORTH MAGNOLIA CIRCLE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,817.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 83.22580
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,246,250.00
P & I AMT: 8,735.55
UPB AMT: 1,245,627.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031568561 MORTGAGORS: HOM DOUGLAS
SHIROMA JULIE
REGION CODE ADDRESS : 2349 CLEAR CREEK LANE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 395,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,491.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.65810
----------------------------------------------------------------
0 0031568934 MORTGAGORS: CHUNG SOON
CHUNG WON
REGION CODE ADDRESS : 135 SOUTH LA PAZ STREET
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,293.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031569130 MORTGAGORS: JOHNSON DALE
BAPTISTE CAROL
REGION CODE ADDRESS : 2614 ADOBE ROAD
01 CITY : MORRO BAY
STATE/ZIP : CA 93442
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 : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.78900
----------------------------------------------------------------
0 0031569171 MORTGAGORS: RIPPLE CHARLES
REGION CODE ADDRESS : 9397 LA GLORIA DRIVE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91701
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,105.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 72.72700
----------------------------------------------------------------
0 0031569221 MORTGAGORS: ELLIS J
ELLIS MARLYNN
REGION CODE ADDRESS : 888 LINCOLN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.78300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,263,300.00
P & I AMT: 8,615.29
UPB AMT: 1,262,991.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031570179 MORTGAGORS: TAKAHARA MICHAEL
TAKAHARA ALICIA
REGION CODE ADDRESS : 601 MOORPARK WAY
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94041
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,740.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031570708 MORTGAGORS: BANDLEY RICHARD
REGION CODE ADDRESS : 135 WEST LAKEVIEW WAY
01 CITY : WOODLAND HILLS
STATE/ZIP : UT 84653
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.09900
----------------------------------------------------------------
0 0031570930 MORTGAGORS: SHOWALTER STEVEN
SHOWALTER REBECCA
REGION CODE ADDRESS : 7641 WEST MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 585,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 584,565.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,090.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.89100
----------------------------------------------------------------
0 0031571391 MORTGAGORS: MELAMED ISAAC
MELAMED YOLANTA
REGION CODE ADDRESS : 1376 CORTEZ LANE
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 292,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.84900
----------------------------------------------------------------
0 0031571870 MORTGAGORS: YUHASZ ROSA
SHEPHERD SUZANNE
REGION CODE ADDRESS : 785 ALISAL ROAD
01 CITY : SOLVANG
STATE/ZIP : CA 93463
MORTGAGE AMOUNT : 266,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,031.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,200.00
P & I AMT: 11,815.88
UPB AMT: 1,714,287.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031571912 MORTGAGORS: CAI QIANG
CHU CAROL
REGION CODE ADDRESS : 18160 WELLINGTON LANE
01 CITY : ROWLAND HEIGHTS
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,743.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.86660
----------------------------------------------------------------
0 0031571979 MORTGAGORS: BASS MARK
BASS SHEILA
REGION CODE ADDRESS : 4268 TERRI-LYN LANE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,695.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.08600
----------------------------------------------------------------
0 0031572001 MORTGAGORS: DINI DAVID
DINI LAURA
REGION CODE ADDRESS : 23244 CHADWICK COURT
01 CITY : KILDEER
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031572035 MORTGAGORS: THOMPKINS STEPHEN
THOMPKINS RANDE
REGION CODE ADDRESS : 6606 NORWAY ROAD
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 260,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,986.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.07900
----------------------------------------------------------------
0 0031572043 MORTGAGORS: HALLEE PHILIP
REGION CODE ADDRESS : 212 WOBURN STREET
01 CITY : READING
STATE/ZIP : MA 01867
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.95000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,200.00
P & I AMT: 10,760.33
UPB AMT: 1,569,214.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031573009 MORTGAGORS: CROSS ARTHUR
REGION CODE ADDRESS : 569 NORTH DYER CIRCLE
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.09500
----------------------------------------------------------------
0 0031573090 MORTGAGORS: DEVLIN JOHN
DEVLIN MAUREEN
REGION CODE ADDRESS : 1440 COUNTY LINE ROAD
01 CITY : ROSEMONT
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,593.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031573231 MORTGAGORS: LE THUC
REGION CODE ADDRESS : 5002 SOUTH 182ND STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98188
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 90,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 652.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.69300
----------------------------------------------------------------
0 0031574213 MORTGAGORS: RENNIE ROBERT
RENNIE VICTORIA
REGION CODE ADDRESS : 34331 CAMINO EL MOLINO
01 CITY : DANA POINT
STATE/ZIP : CA 92624
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.78430
----------------------------------------------------------------
0 0031574254 MORTGAGORS: CROOMS JEFFREY
CROOMS COLET
REGION CODE ADDRESS : 1232 PENNY LANE
01 CITY : TALLAHASSEE
STATE/ZIP : FL 32312
MORTGAGE AMOUNT : 412,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,170.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.68800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,446,500.00
P & I AMT: 10,069.21
UPB AMT: 1,446,170.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031574262 MORTGAGORS: RAPP LARRY
RAPP JULIA
REGION CODE ADDRESS : 22655 HIDDEN HILLS ROAD
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,622.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,179.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.41170
----------------------------------------------------------------
0 0031574460 MORTGAGORS: ARMSTRONG NORMAN
ARMSTRONG JOYCE
REGION CODE ADDRESS : 26206 NE 34TH STREET
01 CITY : REDMOND
STATE/ZIP : WA 98053
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031574478 MORTGAGORS: VILLEGGIANTE ANDREW
VILLEGGIANTE KARINE
REGION CODE ADDRESS : 5227 MONTE VERDE DRIVE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031574528 MORTGAGORS: HANCOCK STEVEN
REGION CODE ADDRESS : 11405 PORT RUSH ROW
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,411.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031574908 MORTGAGORS: GIMBEL BARRY
REGION CODE ADDRESS : 1313 LINCOLN AVENUE SOUTH
01 CITY : HIGHLAND PARK
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,677,600.00
P & I AMT: 11,417.84
UPB AMT: 1,676,512.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031575699 MORTGAGORS: BUTTERFIELD FRED
BUTTERFIELD KATHY
REGION CODE ADDRESS : 6976 NE NEPTUNE DRIVE
01 CITY : LINCOLN CITY
STATE/ZIP : OR 97367
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.07400
----------------------------------------------------------------
0 0031575715 MORTGAGORS: NICHOLS JAMES
NICHOLS KIMBERLY
REGION CODE ADDRESS : 4 CASHIERS LAKE DRIVE
01 CITY : CASHIERS
STATE/ZIP : NC 28717
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031575988 MORTGAGORS: DURHAM WILLIAM
HAGEN JESSICA
REGION CODE ADDRESS : 1678 DONCASTER DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,733.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,243.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.35200
----------------------------------------------------------------
0 0031575996 MORTGAGORS: AMMERMAN HARRIS
AMMERMAN PATRICIA
REGION CODE ADDRESS : 6930 SEVEN LOCKS ROAD
01 CITY : CABIN JOHN
STATE/ZIP : MD 20818
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,741.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,932.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.77200
----------------------------------------------------------------
0 0031576002 MORTGAGORS: OLSON JOHN
OLSON LISA
REGION CODE ADDRESS : 6103 CHAPMAN ROAD
01 CITY : LORTON
STATE/ZIP : VA 22079
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,736.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.90700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,500.00
P & I AMT: 11,700.69
UPB AMT: 1,651,712.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031576028 MORTGAGORS: PETERSON WILLIAM
PETERSON MARIE
REGION CODE ADDRESS : 251 SANDY HILL ROAD
01 CITY : MIDDLEBURY
STATE/ZIP : CT 06762
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,515.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031576135 MORTGAGORS: MALLOY KEVIN
MALLOY LINDA
REGION CODE ADDRESS : 62 PINE VALLEY ROAD
01 CITY : DOVER
STATE/ZIP : DE 19904
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,909.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.33333
----------------------------------------------------------------
0 0031576176 MORTGAGORS: VAUGHAN BRIAN
REGION CODE ADDRESS : 1869 KIRBY ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,258.85 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 : 74.28500
----------------------------------------------------------------
0 0031576309 MORTGAGORS: CATARINO ROGER
CATARINO LINDA
REGION CODE ADDRESS : 213 LEANING TREE ROAD
01 CITY : COLUMBIA
STATE/ZIP : SC 29223
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,781.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.83800
----------------------------------------------------------------
0 0031576911 MORTGAGORS: SIMPSON ROBERT
SIMPSON AMY
REGION CODE ADDRESS : 18365 BEDFORD
01 CITY : BEVERLY HILLS
STATE/ZIP : MI 48025
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,284,100.00
P & I AMT: 9,086.13
UPB AMT: 1,281,689.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031576986 MORTGAGORS: YANG CHI
YANG M
REGION CODE ADDRESS : 1645 WAKE ROBIN COURT
01 CITY : ANN ARBOR
STATE/ZIP : MI 48103
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,011.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031577034 MORTGAGORS: HEADRICK CLARK
HEADRICK DARA
REGION CODE ADDRESS : 1204 LAKE VALLEY COURT
01 CITY : FENTON
STATE/ZIP : MI 48430
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,194.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031577067 MORTGAGORS: SHAHEEN PAUL
PAUL-SHAHEEN PAMELA
REGION CODE ADDRESS : 8118 CUTLER ROAD
01 CITY : BATH
STATE/ZIP : MI 48808
MORTGAGE AMOUNT : 307,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,027.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.39467
----------------------------------------------------------------
0 0031577109 MORTGAGORS: WYWROT THOMAS
WYWROT JANICE
REGION CODE ADDRESS : 7394 OAKSTONE DRIVE
01 CITY : CLARKSTON
STATE/ZIP : MI 48348
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.36956
----------------------------------------------------------------
0 0031577133 MORTGAGORS: NAYLOR DOUGLAS
NAYLOR ELLEN
REGION CODE ADDRESS : 6227 RIVER RD
01 CITY : FLUSHING
STATE/ZIP : MI 48433
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,850.00
P & I AMT: 10,781.12
UPB AMT: 1,533,721.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031577182 MORTGAGORS: CONGI ANTHONY
CONGI MARYANN
REGION CODE ADDRESS : 14 HONEYSUCKLE COURT
01 CITY : STORMVILLE
STATE/ZIP : NY 12582
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.36700
----------------------------------------------------------------
0 0031577216 MORTGAGORS: WANG HONG
WANG LI
REGION CODE ADDRESS : 505 N LAKESHORE DR #6210
01 CITY : CHICAGO
STATE/ZIP : IL 60611
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031577281 MORTGAGORS: LEWIS ADAM
LEWIS PATRICIA
REGION CODE ADDRESS : 494 HILL FARM ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 41.75824
----------------------------------------------------------------
0 0031577307 MORTGAGORS: UMPHREY GARY
REGION CODE ADDRESS : 741 CENTER STREET
01 CITY : DOUGLAS
STATE/ZIP : MI 49406
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031577323 MORTGAGORS: KRUITHOF ROBERT
KRUITHOF MARY
REGION CODE ADDRESS : 3551 ELK COURT
01 CITY : HOLLAND
STATE/ZIP : MI 49424
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,611,000.00
P & I AMT: 11,160.64
UPB AMT: 1,609,770.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031577984 MORTGAGORS: ADAMS MAURICE
ADAMS LESLIE
REGION CODE ADDRESS : 7525 TIERRA SOMBRA COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.00000
----------------------------------------------------------------
0 0031578024 MORTGAGORS: HESS JOHN
HESS MELISSA
REGION CODE ADDRESS : 932 FAIRFAX
01 CITY : BIRMINGHAM
STATE/ZIP : MI 48009
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,732.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.70200
----------------------------------------------------------------
0 0031578032 MORTGAGORS: BAKER WAYNE
BAKER CHERYL
REGION CODE ADDRESS : 5555 KARAKUL LANE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48105
MORTGAGE AMOUNT : 372,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,480.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,638.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.59600
----------------------------------------------------------------
0 0031578057 MORTGAGORS: WILSON ROBERT
WILSON ELIZABETH
REGION CODE ADDRESS : 3033 OVERRIDGE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48104
MORTGAGE AMOUNT : 329,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,517.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,362.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.58800
----------------------------------------------------------------
0 0031578073 MORTGAGORS: VILLARREAL ANTHONY
VILLARREAL JOCELYN
REGION CODE ADDRESS : 17542 MERIDIAN
01 CITY : GROSSE ILE
STATE/ZIP : MI 48138
MORTGAGE AMOUNT : 376,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,820.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.17800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,793,600.00
P & I AMT: 12,569.32
UPB AMT: 1,792,274.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031578099 MORTGAGORS: HENDRIX TINA
SOARES JOHN
REGION CODE ADDRESS : 8706 HUNTERS CREEK DR
01 CITY : CLARKSTON
STATE/ZIP : MI 48348
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,686.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.90900
----------------------------------------------------------------
0 0031578107 MORTGAGORS: MOVICH RICHARD
MOVICH ROBIN
REGION CODE ADDRESS : 1824 CALLE SUENOS
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031578115 MORTGAGORS: PINKOS RICHARD
PINKOS FRANCES
REGION CODE ADDRESS : 3220 GREENTREE
01 CITY : BLOOMFIELD HILLS
STATE/ZIP : MI 48304
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 : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0031578172 MORTGAGORS: ROBINSON WILLIAM
ROBINSON CAROL
REGION CODE ADDRESS : 1034 BROOKVIEW AVENUE
01 CITY : WESTLAKE VILLAGE AREA
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 468,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,237.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031578198 MORTGAGORS: WILHELM TRUDIE
REGION CODE ADDRESS : 6475 SOUTHWEST CHELSEA PLACE
01 CITY : PORTLAND
STATE/ZIP : OR 97223
MORTGAGE AMOUNT : 135,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 983.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,600,350.00
P & I AMT: 11,111.71
UPB AMT: 1,599,862.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031578206 MORTGAGORS: MARTIN GREGG
MARTIN MOLLY
REGION CODE ADDRESS : 1000 ANIMOSA DRIVE
01 CITY : DURANGO
STATE/ZIP : CO 81301
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031578214 MORTGAGORS: COLLEY SAMUEL
COLLEY EDITH
REGION CODE ADDRESS : 4757 FEATHER CREEK COURT
01 CITY : STONE MOUNTAIN
STATE/ZIP : GA 30087
MORTGAGE AMOUNT : 172,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,247.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.54500
----------------------------------------------------------------
0 0031578545 MORTGAGORS: LONDERGAN MICHAEL
LONDERGAN LAURIE
REGION CODE ADDRESS : 22 TANGLEWOOD DRIVE
01 CITY : LONGMEADOW
STATE/ZIP : MA 01106
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 93.02300
----------------------------------------------------------------
0 0031580822 MORTGAGORS: SLUPEK CHRISTOPHER
SLUPEK JOSEFA
REGION CODE ADDRESS : 4215 BLAIN ISLAND
01 CITY : WATERFORD
STATE/ZIP : MI 48329
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031580848 MORTGAGORS: EICHMULLER ANTON
EICHMULLER BARBARA
REGION CODE ADDRESS : 3090 CROSS CREEK
01 CITY : ANN ARBOR
STATE/ZIP : MI 48108
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,509,500.00
P & I AMT: 10,580.43
UPB AMT: 1,508,969.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031580863 MORTGAGORS: SKRISSON JOSEPH
SKRISSON VICTORIA
REGION CODE ADDRESS : 6936 ROYAL ST GEORGE
01 CITY : CLARKSTON
STATE/ZIP : MI 48348
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,766.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 60.43400
----------------------------------------------------------------
0 0031580889 MORTGAGORS: ALEXANDER STEVE
ALEXANDER MARGARET
REGION CODE ADDRESS : 11556 SNOWFIELD CT
01 CITY : TRAVERSE CITY
STATE/ZIP : MI 49686
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 : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.48900
----------------------------------------------------------------
0 0031581473 MORTGAGORS: SKUDLAREK DONALD
SKUDLAREK JOAN
REGION CODE ADDRESS : 12326 DEER CREEK CIRCLE
01 CITY : PLYMOUTH
STATE/ZIP : MI 48170
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,819.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.13300
----------------------------------------------------------------
0 0031581556 MORTGAGORS: RUSSELL MICHAEL
RUSSELL ELIZABETH
REGION CODE ADDRESS : 3393 SEMINOLE COURT
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48309
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.79400
----------------------------------------------------------------
0 0031581572 MORTGAGORS: MULAY JAMES
MULAY BARBARA
REGION CODE ADDRESS : 2765 LOWELL RD
01 CITY : ANN ARBOR
STATE/ZIP : MI 48103
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,803.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.42100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,445,000.00
P & I AMT: 10,058.09
UPB AMT: 1,443,915.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031581598 MORTGAGORS: SMITH MELVIN
REGION CODE ADDRESS : 37420 EMERALD FOREST
01 CITY : FARMINGTON HILLS
STATE/ZIP : MI 48331
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,288.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.57600
----------------------------------------------------------------
0 0031581630 MORTGAGORS: LACOMBE LARRY
LACOMBE NANCY
REGION CODE ADDRESS : 5718 FENWICK PLACE
01 CITY : CLARKSTON
STATE/ZIP : MI 48348
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,776.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,187.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.29629
----------------------------------------------------------------
0 0031581697 MORTGAGORS: MONTS LESTER
MONTS JEANNE
REGION CODE ADDRESS : 3930 WYNNSTONE DR
01 CITY : ANN ARBOR
STATE/ZIP : MI 48105
MORTGAGE AMOUNT : 243,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,419.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.33333
----------------------------------------------------------------
0 0031581739 MORTGAGORS: TANSKI MARK
TANSKI SUSAN
REGION CODE ADDRESS : 7500 BROOKVILLE RD
01 CITY : PLYMOUTH
STATE/ZIP : MI 48170
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.60600
----------------------------------------------------------------
0 0031581754 MORTGAGORS: BOAL BRETT
SHEPPARD LISA
REGION CODE ADDRESS : 3151 HIDDEN COVE
01 CITY : BRIGHTON
STATE/ZIP : MI 48116
MORTGAGE AMOUNT : 391,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,186.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,637.61 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: 1,729,600.00
P & I AMT: 12,063.21
UPB AMT: 1,728,308.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031581762 MORTGAGORS: GOAN JAMES
GOAN AMY
REGION CODE ADDRESS : 6182 WILLOW ROAD
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48324
MORTGAGE AMOUNT : 232,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,423.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.53300
----------------------------------------------------------------
0 0031581788 MORTGAGORS: PARKS JAMES
PARKS ELIZABETH
REGION CODE ADDRESS : 1988 STONEBRIDGE WAY
01 CITY : CANTON
STATE/ZIP : MI 48188
MORTGAGE AMOUNT : 237,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,019.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031581861 MORTGAGORS: TORRANCE JOHN
BERRY REGINA
REGION CODE ADDRESS : 2017 TIMON CIRCLE #178
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 92,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 92,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 635.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.15894
----------------------------------------------------------------
0 0031583024 MORTGAGORS: COMBE KAREN
COMBE RAYMOND
REGION CODE ADDRESS : 903 COUNTY ROAD 68
01 CITY : NEDERLAND
STATE/ZIP : CO 80466
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,500.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.71400
----------------------------------------------------------------
0 0031583032 MORTGAGORS: WALTON SUSAN
MURRAY CHRISTOPHER
REGION CODE ADDRESS : 3909 PEBBLE BEACH DRIVE
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.32400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,280,800.00
P & I AMT: 8,846.18
UPB AMT: 1,280,442.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031583040 MORTGAGORS: BEGLEY DAVID
BEGLEY DONNA
REGION CODE ADDRESS : 7656 CRESTVIEW DRIVE
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,768.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031583099 MORTGAGORS: WEBB CHARLES
REGION CODE ADDRESS : 11614 EAST LAKE PLACE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.55300
----------------------------------------------------------------
0 0031583123 MORTGAGORS: ROBERTS JOHN
REGION CODE ADDRESS : 2 HIGH STREET
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 763,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 762,419.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,269.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 50.86600
----------------------------------------------------------------
0 0031583131 MORTGAGORS: KRUTSINGER CHARLES
REGION CODE ADDRESS : 9787 SOUTH CLAIRTON LANE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 256,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031583271 MORTGAGORS: BOLES TERRY
BOLES JANIE
REGION CODE ADDRESS : 5708 CEDAR GROVE CIRCLE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.91400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,996,950.00
P & I AMT: 13,802.35
UPB AMT: 1,996,369.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031583297 MORTGAGORS: JOHNSON PAUL
JOHNSON ELIZABETH
REGION CODE ADDRESS : 8421 ROCKY SPRINGS ROAD
01 CITY : FREDERICK
STATE/ZIP : MD 21702
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,824.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031583321 MORTGAGORS: SELF MARK
SELF NANCY
REGION CODE ADDRESS : 4535 BEECH STREET
01 CITY : BELLAIRE
STATE/ZIP : TX 77401
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031583461 MORTGAGORS: COOK WILLIAM
COOK ELIZABETH
REGION CODE ADDRESS : 5900 SARATOGA COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,263.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.80000
----------------------------------------------------------------
0 0031583537 MORTGAGORS: BISHOPRIC ROBERT
BARNEY CHRISTINE
REGION CODE ADDRESS : 644 ALHAMBRA CIRCLE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33134
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,643.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031583610 MORTGAGORS: WILK BRIAN
WILK PATRICIA
REGION CODE ADDRESS : 1240 GRANT STREET
01 CITY : DOWNERS GROVE
STATE/ZIP : IL 60515
MORTGAGE AMOUNT : 286,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,631.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.62000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,586,350.00
P & I AMT: 10,943.10
UPB AMT: 1,585,139.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031583685 MORTGAGORS: WRIGHT DANNY
REGION CODE ADDRESS : 3400 STAFFORD DRIVE
01 CITY : NORMAN
STATE/ZIP : OK 73072
MORTGAGE AMOUNT : 338,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,142.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,337.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031583693 MORTGAGORS: GOLDEN JAMES
GOLDEN AGNES
REGION CODE ADDRESS : 2030 EAST VALLEY ROAD
01 CITY : GARDNERVILLE
STATE/ZIP : NV 89410
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,808.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.24100
----------------------------------------------------------------
0 0031583735 MORTGAGORS: DAY STEVEN
DAY CONNIE
REGION CODE ADDRESS : 4085 E. OQUENDO ROAD
01 CITY : LAS VEGAS
STATE/ZIP : NV 89120
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,827.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.66600
----------------------------------------------------------------
0 0031584493 MORTGAGORS: OAKES WILLIAM
REGION CODE ADDRESS : 7 TATNALL PLACE
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 999,362.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,512.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 015
LTV : 64.51600
----------------------------------------------------------------
0 0031584501 MORTGAGORS: MILLER DAVID
MILLER GLORIA
REGION CODE ADDRESS : 895 WHITMOOR
01 CITY : ST CHARLES
STATE/ZIP : MO 63304
MORTGAGE AMOUNT : 254,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,106.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,096,700.00
P & I AMT: 15,173.60
UPB AMT: 2,095,246.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031584527 MORTGAGORS: LINDSAY VINCENT
LINDSAY VIRGINIA
REGION CODE ADDRESS : 24556 RAVEN ROCK ROAD
01 CITY : SMITHSBURG
STATE/ZIP : MD 21783
MORTGAGE AMOUNT : 231,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,328.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.15100
----------------------------------------------------------------
0 0031586407 MORTGAGORS: STEINER RICHARD
STEINER SUZANNE
REGION CODE ADDRESS : 502 MERTON WOODS WAY
01 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,829.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031586423 MORTGAGORS: LONG DONALD
REGION CODE ADDRESS : 11075 VINCENT LANE
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 326,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,057.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.26000
----------------------------------------------------------------
0 0031587603 MORTGAGORS: JUDISH DAVID
JUDISH DEBBIE
REGION CODE ADDRESS : 860 FLANDERS ROAD
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 245,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,448.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 88.68200
----------------------------------------------------------------
0 0031587702 MORTGAGORS: MACLEOD WILLIAM
MACLEOD CLIFTA
REGION CODE ADDRESS : 208 EAST LUCERNE DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 884.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.63900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,170,450.00
P & I AMT: 8,153.01
UPB AMT: 1,169,663.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031587827 MORTGAGORS: MURPHY JAMES
MURPHY NANCY
REGION CODE ADDRESS : 302 SCIOTO COURT
01 CITY : DULUTH
STATE/ZIP : GA 30096
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 : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.46300
----------------------------------------------------------------
0 0031588544 MORTGAGORS: SCHINDLER BRIAN
SCHINDLER LETIZIA
REGION CODE ADDRESS : 7216 FAWN CROSSING DRIVE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 288,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,619.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.81500
----------------------------------------------------------------
0 0031588585 MORTGAGORS: CESNIK LINDA
REGION CODE ADDRESS : 14170 SADDLEBOW DRIVE
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,675.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,837.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031589336 MORTGAGORS: ELGETHUN DAVID
ELGETHUN RENEE
REGION CODE ADDRESS : 9092 NEILL LAKE ROAD
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55344
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031590169 MORTGAGORS: MASRI BELAL
MASRI BARBARA
REGION CODE ADDRESS : 27225 8TH AVENUE SOUTH
01 CITY : DES MOINES
STATE/ZIP : WA 98198
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,784.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.87900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,541,850.00
P & I AMT: 10,564.12
UPB AMT: 1,540,845.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031591985 MORTGAGORS: JEWER DAVID
KIRBY MARGUERITE
REGION CODE ADDRESS : 23608 NE 54TH PLACE
01 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 335,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,444.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031591993 MORTGAGORS: BEAUDRY ROBERT
REGION CODE ADDRESS : 8450 E. SNYDER ROAD
01 CITY : TUCSON
STATE/ZIP : AZ 85750
MORTGAGE AMOUNT : 314,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,266.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.63400
----------------------------------------------------------------
0 0031594674 MORTGAGORS: SONES DEBRA
REGION CODE ADDRESS : 37 GRANDVIEW AVE
01 CITY : WAREHAM
STATE/ZIP : MA 02558
MORTGAGE AMOUNT : 97,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 97,334.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 815.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/18
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031594690 MORTGAGORS: LUSARDI WENDY
LUSARDI JOHN
REGION CODE ADDRESS : 1 RIGHTER ROAD
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,812.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.31700
----------------------------------------------------------------
0 0031594732 MORTGAGORS: ADDOMS MIRIAM
REGION CODE ADDRESS : 7 MAIN STREET
01 CITY : NUANGOLA
STATE/ZIP : PA 18707
MORTGAGE AMOUNT : 105,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,423.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 746.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.80500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,088,200.00
P & I AMT: 7,663.13
UPB AMT: 1,087,281.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031597123 MORTGAGORS: TUXON LINDA
DUNCAN JAMES
REGION CODE ADDRESS : 1537 TWIN OAKS ROAD
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.05800
----------------------------------------------------------------
0 0031597164 MORTGAGORS: MURPHY JAMES
MURPHY LISA
REGION CODE ADDRESS : 8624 DORY LANE
01 CITY : WILLOW SPRINGS
STATE/ZIP : IL 60480
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.81900
----------------------------------------------------------------
0 0031597180 MORTGAGORS: MULGREW D
MULGREW SUSAN
REGION CODE ADDRESS : 1720 FISHINGER ROAD
01 CITY : UPPER ARLINGTON
STATE/ZIP : OH 43221
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.78500
----------------------------------------------------------------
0 0031597289 MORTGAGORS: STACHURA DONALD
STACHURA NANCY
REGION CODE ADDRESS : 19642 SOUTH BERRYBROOK COURT
01 CITY : TINLEY PARK
STATE/ZIP : IL 60477
MORTGAGE AMOUNT : 240,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031597305 MORTGAGORS: PAPPAS MICHAEL
PAPPAS ELIZABETH
REGION CODE ADDRESS : 10125 NORTH RIVER ROAD
01 CITY : BARRINGTON HILLS
STATE/ZIP : IL 60102
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.39700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,332,200.00
P & I AMT: 9,244.36
UPB AMT: 1,332,200.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031598956 MORTGAGORS: WAGONER RICHARD
WAGONER KAYE
REGION CODE ADDRESS : 360 HUNT WOODS DRIVE
01 CITY : MARTINSVILLE
STATE/ZIP : VA 24112
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070000872 MORTGAGORS: ANTHONY ERVIN
ANTHONY KATHERINE
REGION CODE ADDRESS : 4004 WEST DELEON STREET
01 CITY : TAMPA
STATE/ZIP : FL 33609
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,025.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0070001094 MORTGAGORS: SHORE DANIEL
SHORE PAMELA
REGION CODE ADDRESS : 10801 RIDGEVIEW AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,273.11 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 : 49.18033
----------------------------------------------------------------
0 0070003629 MORTGAGORS: WILCOX GARY
WILCOX DEBORAH
REGION CODE ADDRESS : 2200 TIFFIN ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,471.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.87296
----------------------------------------------------------------
0 0070003678 MORTGAGORS: WEBB GEORGE
MULVEY WEBB MARY
REGION CODE ADDRESS : 22438 N CLAYTON CT
01 CITY : KILDEER
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,275.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.85586
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,330,000.00
P & I AMT: 9,343.66
UPB AMT: 1,327,044.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070005434 MORTGAGORS: MACDOUGALL ROBERT
MACDOUGALL GAYLE
REGION CODE ADDRESS : 2458 KEYSTONE DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 255,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,241.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.42553
----------------------------------------------------------------
0 0070006358 MORTGAGORS: DEMPSEY DANIEL
DEMPSEY CARLA
REGION CODE ADDRESS : 9205 LEAMINGTON COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,939.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.43750
----------------------------------------------------------------
0 0070006689 MORTGAGORS: THOMAS TOM
THOMAS KIMBERLY
REGION CODE ADDRESS : 5420 EAST SHEENA DR
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 248,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,955.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.02857
----------------------------------------------------------------
0 0070006960 MORTGAGORS: LEHMER FRANCIE
REGION CODE ADDRESS : 239 CASELLI AVENUE
01 CITY : SAN FRANCIS
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,728.61 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 : 54.90196
----------------------------------------------------------------
0 0070010053 MORTGAGORS: RIBBLE THOMAS
RIBBLE TERESA
REGION CODE ADDRESS : 348 COTTONWOOD DRIVE
01 CITY : WINCHESTER
STATE/ZIP : VA 22603
MORTGAGE AMOUNT : 266,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,542.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.27143
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,286,350.00
P & I AMT: 9,082.22
UPB AMT: 1,281,406.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070011259 MORTGAGORS: PAULSON YANA
REGION CODE ADDRESS : 7 ROLLINGWOOD DRIVE
01 CITY : ROLLING HIL
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 314,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,319.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.84112
----------------------------------------------------------------
0 0070012505 MORTGAGORS: ZANIBONI ROBERT
ZANIBONI BARBARA
REGION CODE ADDRESS : 5432 KENILWORTH DRIVE
01 CITY : HUNTINGTON
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,272.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.00587
----------------------------------------------------------------
0 0070012521 MORTGAGORS: HICKEY JOHN
HICKEY MARY
REGION CODE ADDRESS : 31999 MISSION LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 232,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,766.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.69453
----------------------------------------------------------------
0 0070012737 MORTGAGORS: JOHNSSON NILS
JOHNSSON LIANA
REGION CODE ADDRESS : 1495 FOOTHILL ROAD
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 292,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,394.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.59036
----------------------------------------------------------------
0 0070013297 MORTGAGORS: MC GARR KEVIN
MC GARR LORRAINE
REGION CODE ADDRESS : 1010 LEWIS COVE
01 CITY : DELRAY BEAC
STATE/ZIP : FL 33444
MORTGAGE AMOUNT : 255,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,836.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.93056
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,361,400.00
P & I AMT: 9,334.89
UPB AMT: 1,357,589.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070013511 MORTGAGORS: WALLRAFF DIEGO
WALLRAFF JESSICA
REGION CODE ADDRESS : 1203 CALIFORNIA AVE
01 CITY : SANTA MONIC
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,612.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070013628 MORTGAGORS: BARNABY GORDON
LETA MISRAK
REGION CODE ADDRESS : 612 HUNTING RIDGE DRIVE
01 CITY : FREDERICK
STATE/ZIP : MD 21703
MORTGAGE AMOUNT : 230,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,804.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,571.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.31481
----------------------------------------------------------------
0 0070014360 MORTGAGORS: SODERBERG CHRISTINE
REGION CODE ADDRESS : 2923 OAK HILL DRIVE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 145,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 145,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 967.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.17204
----------------------------------------------------------------
0 0070016175 MORTGAGORS: LOO KEVIN
MANLAPAZ LOO MARISSA
REGION CODE ADDRESS : 21621 PARTRIDGE STREET
01 CITY : TRABUCO CAN
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,679.26 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 : 66.93333
----------------------------------------------------------------
0 0070016191 MORTGAGORS: PATEL DEVYANG
PATEL JAIMINI
REGION CODE ADDRESS : 17 HEATHER DRIVE
01 CITY : EDISON
STATE/ZIP : NJ 08820
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,347.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,448.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,107,250.00
P & I AMT: 7,560.26
UPB AMT: 1,100,844.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070016241 MORTGAGORS: KELLER THOMAS
KELLER CATHERINE
REGION CODE ADDRESS : 512 22ND STREET
01 CITY : HUNTINGTON
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 309,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,572.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.79901
----------------------------------------------------------------
0 0070016340 MORTGAGORS: CASTILLO PASCUAL
CASTILLO MARIA
REGION CODE ADDRESS : 6170 MORNING PLACE
01 CITY : RANCHO CUCA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,328.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,104.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070016373 MORTGAGORS: HOPE STAN
HOPE S
REGION CODE ADDRESS : 20412 28TH AVENUE SE
01 CITY : BOTHELL
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,081.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,558.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.55556
----------------------------------------------------------------
0 0070016423 MORTGAGORS: MAXWELL ROBERT
MAXWELL PATRICIA
REGION CODE ADDRESS : 77 FORESTAY CT
01 CITY : JOHNS ISLAN
STATE/ZIP : SC 29455
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,819.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,270.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 59.09091
----------------------------------------------------------------
0 0070017546 MORTGAGORS: SHAIVITZ STEPHEN
SHAIVITZ PARICIA
REGION CODE ADDRESS : 103 SUNSET COVE LANE
01 CITY : PALM BEACH
STATE/ZIP : FL 33418
MORTGAGE AMOUNT : 240,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,701.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99335
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,713,800.00
P & I AMT: 11,698.58
UPB AMT: 1,708,503.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070017561 MORTGAGORS: LUNDE RUSSELL
LUNDE LAILA
REGION CODE ADDRESS : 4292 HAWKSBURY CIRCLE
01 CITY : EAGAN
STATE/ZIP : MN 55123
MORTGAGE AMOUNT : 240,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,332.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.41270
----------------------------------------------------------------
0 0070017801 MORTGAGORS: GREER JONATHAN
GREER GWENDLYN
REGION CODE ADDRESS : 5241 COTTONDALE DRIVE SW
01 CITY : WYOMING
STATE/ZIP : MI 49509
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,616.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070018056 MORTGAGORS: BROOKS KENNETH
BROOKS KAREN
REGION CODE ADDRESS : 3051 ELAN WAY
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,218.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070018064 MORTGAGORS: GERRAPUTA DONALD
GERRAPUTA MARIA
REGION CODE ADDRESS : 311 N MIDDLETOWN ROAD
01 CITY : NANUET
STATE/ZIP : NY 10954
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,135.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.60317
----------------------------------------------------------------
0 0070018262 MORTGAGORS: PATRICH ANTHONY
PATRICH DIANE
REGION CODE ADDRESS : 2145 CRESTMOOR DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,635.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,234,300.00
P & I AMT: 8,843.27
UPB AMT: 1,231,938.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070018510 MORTGAGORS: SARRICA RICHARD
SARRICA TONI
REGION CODE ADDRESS : 574 LAGRANGE LANE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,756.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.63158
----------------------------------------------------------------
0 0070018825 MORTGAGORS: KORDIK MICHAEL
KORDIK NICKCOL
REGION CODE ADDRESS : 19998 HIBISCUS CIRCLE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 264,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,353.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 92.75439
----------------------------------------------------------------
0 0070019039 MORTGAGORS: WARD JOSEPH
WARD DONNA
REGION CODE ADDRESS : 220 VERDANT COURT
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,539.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.36398
----------------------------------------------------------------
0 0070019104 MORTGAGORS: MC CANN KATHY
REGION CODE ADDRESS : 3148 OLD TUNNEL ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,175.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.15686
----------------------------------------------------------------
0 0070019245 MORTGAGORS: WILSON LIUEDEAN
WILSON PAMELA
REGION CODE ADDRESS : 6088 WINDSOR FARME ROAD
01 CITY : SUMMERFIELD
STATE/ZIP : NC 27358
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,021.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.05263
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,451,350.00
P & I AMT: 10,424.03
UPB AMT: 1,441,846.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070019336 MORTGAGORS: RYAN GREGORY
RYAN MAUREEN
REGION CODE ADDRESS : 3 DONALD ROAD
01 CITY : BURLINGTON
STATE/ZIP : MA 01803
MORTGAGE AMOUNT : 251,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,184.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.94286
----------------------------------------------------------------
0 0070020227 MORTGAGORS: HALL GARY
HALL TINA
REGION CODE ADDRESS : 10386 VIVIENDA STREET
01 CITY : RANCHO CUCA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 266,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,753.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.27941
----------------------------------------------------------------
0 0070020987 MORTGAGORS: HILDEBRAND DAVID
HILDEBRAND MARILYN
REGION CODE ADDRESS : 2311 259TH PLACE SE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 293,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,940.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.42553
----------------------------------------------------------------
0 0070021050 MORTGAGORS: BROWN STEPHEN
BROWN KATHLEEN
REGION CODE ADDRESS : 34 FAIRLANE ROAD
01 CITY : LAGUNA NIGU
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,484.38 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 : 72.85714
----------------------------------------------------------------
0 0070021795 MORTGAGORS: COOK HOLLY
JURY SCOTT
REGION CODE ADDRESS : 14601 HOMERITE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,135.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,698.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.77551
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,350.00
P & I AMT: 10,332.26
UPB AMT: 1,500,498.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070022207 MORTGAGORS: ROSE CHRISTINE
REGION CODE ADDRESS : 3042 RODMAN STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,489.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070022496 MORTGAGORS: JARVIS JOHN
JARVIS SARA
REGION CODE ADDRESS : 1275 VIA BARRANCA
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,216.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.94505
----------------------------------------------------------------
0 0070022512 MORTGAGORS: KING APRIL
KING JOHN
REGION CODE ADDRESS : 2101 CIPRIANI BOULEVARD
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,272.53 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 : 80.00000
----------------------------------------------------------------
0 0070023692 MORTGAGORS: VEALEY DANNY
VEALEY JACQUELINE
REGION CODE ADDRESS : 32 BAILEY PARK DRIVE
01 CITY : AUGUSTA
STATE/ZIP : NJ 07822
MORTGAGE AMOUNT : 225,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,463.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,578.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 92.16327
----------------------------------------------------------------
0 0070024112 MORTGAGORS: NICHOLS JR BRUCE
NICHOLS CHARLENE
REGION CODE ADDRESS : 5355 GREYSTONE WAY
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35242
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,152.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.62942
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,316,800.00
P & I AMT: 9,026.08
UPB AMT: 1,313,594.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070024682 MORTGAGORS: SHEALY JOHN
SHEALY PATRICIA
REGION CODE ADDRESS : 6202 LAVER LOVE DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77379
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,360.32 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 : 80.00000
----------------------------------------------------------------
0 0070024732 MORTGAGORS: SMENTEK BRUCE
SMENTEK JULIE
REGION CODE ADDRESS : 372 CONTINENTAIL COURT
01 CITY : NEWBURY PAR
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,149.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.42664
----------------------------------------------------------------
0 0070025283 MORTGAGORS: CRAIG DOUGLAS
CRAIG TINA
REGION CODE ADDRESS : 484 PANORAMA DRIVE
01 CITY : BENICIA
STATE/ZIP : CA 94510
MORTGAGE AMOUNT : 257,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,619.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.96970
----------------------------------------------------------------
0 0070025416 MORTGAGORS: BISHOP GREGORY
MCGREW THOMAS
REGION CODE ADDRESS : 363 HAWTHORNE ROAD
01 CITY : LAGUNA BEAC
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 215,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,309.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,507.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.86667
----------------------------------------------------------------
0 0070025549 MORTGAGORS: KRAL THEODORE
KRAL BONNIE
REGION CODE ADDRESS : 12650 ROCKROSE COURT
01 CITY : POWAY
STATE/ZIP : CA 92064
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.94709
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,328,400.00
P & I AMT: 9,218.69
UPB AMT: 1,324,932.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070025861 MORTGAGORS: ARAMBEL JEAN
ARAMBEL STELLA
REGION CODE ADDRESS : 121 123 EXETER COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 304,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,346.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.69584
----------------------------------------------------------------
0 0070026174 MORTGAGORS: VARNER JR JOHN
REGION CODE ADDRESS : 110 HERMITAGE COURT
01 CITY : POWDER SPRI
STATE/ZIP : GA 30073
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,436.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070026810 MORTGAGORS: HOLMES ANDRE
HOLMES SHEILA
REGION CODE ADDRESS : 12904 RUXTON ROAD
01 CITY : SILVER SPRI
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 230,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,230.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,553.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 92.24000
----------------------------------------------------------------
0 0070027230 MORTGAGORS: LEFELAR GRAHAM
LEFELAR JULIA
REGION CODE ADDRESS : 19414 HAVEN WHITE CT
01 CITY : GAITHERSBUR
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 247,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,532.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.21875
----------------------------------------------------------------
0 0070027248 MORTGAGORS: SAW KEVIN
REGION CODE ADDRESS : 7018 W WILSHIRE DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85257
MORTGAGE AMOUNT : 79,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 79,361.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 641.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.10938
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,222,150.00
P & I AMT: 8,488.94
UPB AMT: 1,219,906.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070028501 MORTGAGORS: BENN RICHARD
NATHAN BENN JOY
REGION CODE ADDRESS : 19304 ERIN TREE COURT
01 CITY : GAITHERSBUR
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 350,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,611.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,302.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.57471
----------------------------------------------------------------
0 0070029061 MORTGAGORS: KARPA MICHAEL
KARPA JULIE
REGION CODE ADDRESS : 3020 SUSANNE COURT
01 CITY : OWINGS MILL
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,962.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,804.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.68217
----------------------------------------------------------------
0 0070029814 MORTGAGORS: MOEHLE JACK
MOEHLE MELISSA
REGION CODE ADDRESS : 3444 ECHO SPRINGS ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 354,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,171.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,480.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.46809
----------------------------------------------------------------
0 0070029855 MORTGAGORS: MCCALLUM CRAIG
MCCALLUM TERI
REGION CODE ADDRESS : 2625 259TH COURT SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 403,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,699.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,819.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.81905
----------------------------------------------------------------
0 0070030366 MORTGAGORS: COGDILL MARTHA
COGDILL KENNETH
REGION CODE ADDRESS : 15761 W CLEAR CANYON DRIVE
01 CITY : SURPRISE
STATE/ZIP : AZ 85374
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,797.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.04457
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,787,500.00
P & I AMT: 12,315.58
UPB AMT: 1,782,243.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070030531 MORTGAGORS: WULF KENNETH
JOHNSON LESLI
REGION CODE ADDRESS : 27523 WELLSLEY WAY
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 218,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,276.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,529.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.50000
----------------------------------------------------------------
0 0070030770 MORTGAGORS: BLEVINS ROGER
BLEVINS SANDRA
REGION CODE ADDRESS : 233 MARKHAM PLANTATION
01 CITY : APEX
STATE/ZIP : NC 27502
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,498.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,251.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070030911 MORTGAGORS: JR EMANUEL
LAMPROU PATRICIA
REGION CODE ADDRESS : 2 COLLAGE LANE
01 CITY : CHERRY HILL
STATE/ZIP : NJ 08003
MORTGAGE AMOUNT : 271,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,077.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/23
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070030945 MORTGAGORS: BOEDECKER KARL
BOEDECKER AVIVA
REGION CODE ADDRESS : 113 JEFFERSON DRIVE
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,500.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.96104
----------------------------------------------------------------
0 0070031059 MORTGAGORS: AITKENS JOHN
AITKENS MARTHA
REGION CODE ADDRESS : 12065 WATERMARK COURT
01 CITY : INDIANAPOLI
STATE/ZIP : IN 46236
MORTGAGE AMOUNT : 266,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,212.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.62252
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,150.00
P & I AMT: 10,699.17
UPB AMT: 1,498,565.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070032271 MORTGAGORS: PROVINE JACK
PROVINE JANICE
REGION CODE ADDRESS : 369 READ DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,394.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.53846
----------------------------------------------------------------
0 0070032644 MORTGAGORS: REDD RONALD
REDD SUSAN
REGION CODE ADDRESS : 16780 TAVA LANE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92504
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,670.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,491.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070033014 MORTGAGORS: W IVERSON JEFFREY
IVERSON CAROLYN
REGION CODE ADDRESS : 706 CAMINO AMIGO
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.60606
----------------------------------------------------------------
0 0070033451 MORTGAGORS: COON BRETT
COON EVA
REGION CODE ADDRESS : 2339 PINARD STREET
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 245,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,646.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.71429
----------------------------------------------------------------
0 0070033626 MORTGAGORS: FERRERA H
FERRERA JILL
REGION CODE ADDRESS : 9200 ENCINO AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,093.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.53846
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,800.00
P & I AMT: 9,663.83
UPB AMT: 1,405,804.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070034350 MORTGAGORS: WYGANT JEFFREY
WYGANT SHELLEY
REGION CODE ADDRESS : 3920 COLLEGE AVENUE
01 CITY : ELLICOTT CI
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,615.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.80000
----------------------------------------------------------------
0 0070034475 MORTGAGORS: MODRELL DWIGHT
MODRELL JEANETTE
REGION CODE ADDRESS : 850 IRIS AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,533.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 58.44156
----------------------------------------------------------------
0 0070034780 MORTGAGORS: BOULANGER ARTHUR
BOULANGER SHERRI
REGION CODE ADDRESS : 13101 THOMASVILLE CT
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 226,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,429.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 66.50000
----------------------------------------------------------------
0 0070034798 MORTGAGORS: NORRIS LINDA
REGION CODE ADDRESS : 313 313 1/2 EAST BAY AVE
01 CITY : NEWPORT BEA
STATE/ZIP : CA 92661
MORTGAGE AMOUNT : 272,240.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,834.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.81905
----------------------------------------------------------------
0 0070034822 MORTGAGORS: DECOSTA CHARLES
BASHFORD LOUISE
REGION CODE ADDRESS : 30071 ENCHANTED WAY
01 CITY : RUNNING SPR
STATE/ZIP : CA 92382
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,340.00
P & I AMT: 8,766.47
UPB AMT: 1,296,877.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070034996 MORTGAGORS: HRUBY KAREN
MARCHO MARY
REGION CODE ADDRESS : 17 BERKSHIRE
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,335.24 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 : 73.00000
----------------------------------------------------------------
0 0070036306 MORTGAGORS: RIDDLE PAUL
RIDDLE KATHERINE
REGION CODE ADDRESS : 11174 TATTERSALL TRAIL
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,565.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.38462
----------------------------------------------------------------
0 0070036926 MORTGAGORS: ANDERSON DONALD
ANDERSON CAROL
REGION CODE ADDRESS : 6842 GIBSON CANYON ROAD
01 CITY : VACAVILLE
STATE/ZIP : CA 95688
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,626.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.05556
----------------------------------------------------------------
0 0070036934 MORTGAGORS: RINGOLD DEBRA
RINGOLD PAUL
REGION CODE ADDRESS : 2616 N W LUPINE PLACE
01 CITY : CORVALLIS
STATE/ZIP : OR 97330
MORTGAGE AMOUNT : 230,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,206.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.33929
----------------------------------------------------------------
0 0070036991 MORTGAGORS: CHILDERS MARIE
REGION CODE ADDRESS : 15111 WINDY HOLLOW CIRCLE
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.36257
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,293,550.00
P & I AMT: 8,866.85
UPB AMT: 1,291,324.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070038690 MORTGAGORS: BIRCHER III JOHN
BIRCHER CAROL
REGION CODE ADDRESS : 11432 MEATH DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.94937
----------------------------------------------------------------
0 0070039672 MORTGAGORS: ASPIRAS BENNY
ASPIRAS RUTH
REGION CODE ADDRESS : 5317 N MEADOW WOOD AVENUE
01 CITY : LAKEWOOD
STATE/ZIP : CA 90712
MORTGAGE AMOUNT : 223,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,905.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,563.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.01181
----------------------------------------------------------------
0 0070040225 MORTGAGORS: PATTON J
PATTON KELLY
REGION CODE ADDRESS : 19882 RIVERVIEW DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,018.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,183.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.14474
----------------------------------------------------------------
0 0070040944 MORTGAGORS: DOW JAMES
DOW KATHERINE
REGION CODE ADDRESS : 5942 BENT CREEK TRAIL
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 182,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,741.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,257.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.80000
----------------------------------------------------------------
0 0070041892 MORTGAGORS: IYENGAR SRINIVAS
IYENGAR JAYASHREE
REGION CODE ADDRESS : 10826 OUTPOST DRIVE
01 CITY : NORTH POTOM
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,644.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.87789
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,215,550.00
P & I AMT: 8,746.43
UPB AMT: 1,211,851.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070042262 MORTGAGORS: KIBBETT WILLIAM
KIBBETT MARGARET
REGION CODE ADDRESS : 3258 ALTA VISTA DRIVE
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 297,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,645.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.02222
----------------------------------------------------------------
0 0070042403 MORTGAGORS: MAIHORI CLANCY
MAIHORI SUZANNE
REGION CODE ADDRESS : 17915 HATRIDGE LANE
01 CITY : SANTA CLARI
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 200,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,493.46 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 : 64.77419
----------------------------------------------------------------
0 0070043237 MORTGAGORS: LEWIS DIANE
REGION CODE ADDRESS : 5109 BATTERY LANE
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,636.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.83582
----------------------------------------------------------------
0 0070043351 MORTGAGORS: SCHWARTZMAN EUGENE
REGION CODE ADDRESS : 107 S GUADALUPE AVE
01 CITY : REDONDO BEA
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 200,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,193.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,384.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.61130
----------------------------------------------------------------
0 0070044375 MORTGAGORS: KRON FREDERICK
REGION CODE ADDRESS : 6 JAMESTOWN
01 CITY : IRVINE
STATE/ZIP : CA 92720
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,345.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.26 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: 1,218,400.00
P & I AMT: 8,461.39
UPB AMT: 1,210,315.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070045679 MORTGAGORS: LOITERSTEIN PHILIP
LOITERSTEIN SANDRA
REGION CODE ADDRESS : 5300 CHAMBERLIN AVE
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 318,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,075.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 45.50714
----------------------------------------------------------------
0 0070045695 MORTGAGORS: FERRARO CHRISTOPHE
FERRARO MARIANNE
REGION CODE ADDRESS : 24932 SEBASTIAN LANE
01 CITY : MISSION VIE
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,617.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.78788
----------------------------------------------------------------
0 0070045778 MORTGAGORS: MALLEY EDWARD
MALLEY LISA
REGION CODE ADDRESS : 552 CORBETT PLACE
01 CITY : ORADELL
STATE/ZIP : NJ 07649
MORTGAGE AMOUNT : 475,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,321.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99448
----------------------------------------------------------------
0 0070046487 MORTGAGORS: KACHEL MICHAEL
KACHEL DEBORAH
REGION CODE ADDRESS : 10423 MORNING DEW LANE
01 CITY : MECHANICSVI
STATE/ZIP : VA 23111
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,851.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,559.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.99579
----------------------------------------------------------------
0 0070046651 MORTGAGORS: CARLIN MICHAEL
REGION CODE ADDRESS : 1515 NORTH VIEW DRIVE
01 CITY : THOUSAND OA
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 214,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,052.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,444.45 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: 1,495,050.00
P & I AMT: 10,514.55
UPB AMT: 1,492,697.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070047212 MORTGAGORS: LAWRENCE JAMES
LAWRENCE RUTH
REGION CODE ADDRESS : 5467 BURNING TREE DRIVE
01 CITY : LA CANADA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 299,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,424.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.77119
----------------------------------------------------------------
0 0070047402 MORTGAGORS: HAUSER JERRY
WALLACE JENNIFER
REGION CODE ADDRESS : 34 MURRAY AVENUE
01 CITY : LARKSPUR
STATE/ZIP : CA 94939
MORTGAGE AMOUNT : 382,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,053.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,638.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.74074
----------------------------------------------------------------
0 0070047642 MORTGAGORS: NUNO MAURILIO
NUNO LOURDES
REGION CODE ADDRESS : 3284 TULIPWOOD LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 211,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,462.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.62500
----------------------------------------------------------------
0 0070047725 MORTGAGORS: REDDING CORY
REDDING MARNI
REGION CODE ADDRESS : 57410 SUMMIT VIEW DRIVE
01 CITY : SUNRIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 245,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,044.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,531.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 74.50683
----------------------------------------------------------------
0 0070048012 MORTGAGORS: VICARI CHRISTOPHE
VICARI PATRICIA
REGION CODE ADDRESS : 1217 11TH PLACE NORTH
01 CITY : EDMONDS
STATE/ZIP : WA 98020
MORTGAGE AMOUNT : 296,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,241.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.75758
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,000.00
P & I AMT: 9,747.18
UPB AMT: 1,431,513.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070049861 MORTGAGORS: ROSEN KAREN
MARTIN ROBERT
REGION CODE ADDRESS : LOT 3-A6 BANANA RANCH ROAD
01 CITY : HAWI
STATE/ZIP : HI 96719
MORTGAGE AMOUNT : 118,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 117,819.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 815.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.94307
----------------------------------------------------------------
0 0070051529 MORTGAGORS: ARCHINACO PAUL
REGION CODE ADDRESS : 5 FRED JAHN DRIVE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,033.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070051552 MORTGAGORS: SCHROEDER JULIAN
SCHROEDER MARION
REGION CODE ADDRESS : 5651 TAFT AVENUE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 220,680.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,252.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,524.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.18710
----------------------------------------------------------------
0 0070051842 MORTGAGORS: CARLEY WILLIAM
REGION CODE ADDRESS : 59-611 AKANOHO PLACE
01 CITY : HALEIWA
STATE/ZIP : HI 96712
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,940.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 972.90 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 45.45455
----------------------------------------------------------------
0 0070052147 MORTGAGORS: DELGADO STEVEN
DELGADO SALLY
REGION CODE ADDRESS : 19170 BRETON PLACE
01 CITY : MONUMENT
STATE/ZIP : CO 80132
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,591.96 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 : 79.88338
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,009,080.00
P & I AMT: 6,950.79
UPB AMT: 1,004,637.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070052154 MORTGAGORS: MOORE LOREN
MOORE MICHELLE
REGION CODE ADDRESS : 3878 ORO COURT
01 CITY : CAMINO
STATE/ZIP : CA 95709
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,664.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,519.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0070052337 MORTGAGORS: EL ABD FOUAD
EL ABD LAUREL
REGION CODE ADDRESS : 124 WILD HORSE VALLEY DRIV
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.52941
----------------------------------------------------------------
0 0070053558 MORTGAGORS: KRIEGL JEFFREY
SCHULZ RAINER
REGION CODE ADDRESS : 802 KINGS COURT
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070054747 MORTGAGORS: MIRKIN JAN
REGION CODE ADDRESS : 2203 TRAILSIDE DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78704
MORTGAGE AMOUNT : 100,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,072.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 687.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.48951
----------------------------------------------------------------
0 0070055439 MORTGAGORS: ACORD JOHN
ACORD CLAIRE
REGION CODE ADDRESS : 1263 HAWTHORNE STREET
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,889.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.72 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: 1,184,050.00
P & I AMT: 8,159.02
UPB AMT: 1,182,250.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070055710 MORTGAGORS: ASKEY GREGORY
ASKEY BARRIE
REGION CODE ADDRESS : 7910 BRACKSFORD CT
01 CITY : FAIRFAX STA
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,615.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.30435
----------------------------------------------------------------
0 0070055850 MORTGAGORS: ROSENBLATT ALAN
ROSENBLATT SUSAN
REGION CODE ADDRESS : 1476 VISTA CLARIDAD
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 446,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,501.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,043.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.27350
----------------------------------------------------------------
0 0070055975 MORTGAGORS: ROGERS STEVEN
ROGERS MARCI
REGION CODE ADDRESS : 5729 E RIO VERDE VISTA DRI
01 CITY : TUCSON
STATE/ZIP : AZ 85715
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.84264
----------------------------------------------------------------
0 0070056494 MORTGAGORS: BERRETH DIANE
KOBRIN DAVID
REGION CODE ADDRESS : 309 SECOND STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,332.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.40260
----------------------------------------------------------------
0 0070057211 MORTGAGORS: SIEVERS RONALD
SIEVERS MARILYN
REGION CODE ADDRESS : 21090 COUNTRY SQUIRE ROAD
01 CITY : BEND
STATE/ZIP : OR 97701
MORTGAGE AMOUNT : 100,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,141.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 685.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.13636
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,377,700.00
P & I AMT: 9,398.35
UPB AMT: 1,375,590.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070057245 MORTGAGORS: DOWNEY CHERYL
REGION CODE ADDRESS : 2520 PEARL STREET
01 CITY : SANTA MONIC
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,794.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,549.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.82105
----------------------------------------------------------------
0 0070057666 MORTGAGORS: CHUAN WEN YOU
CHUAN FUNG CHUN
REGION CODE ADDRESS : 221 S LEDOUX ROAD
01 CITY : BEVERLY HIL
STATE/ZIP : CA 90211
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,386.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.32826
----------------------------------------------------------------
0 0070057716 MORTGAGORS: R SANTANA ANTHONY
SANTANA ANN
REGION CODE ADDRESS : 5429 MOLLIE CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,997.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.63636
----------------------------------------------------------------
0 0070057989 MORTGAGORS: SHEPSON DONALD
SHEPSON MARJORIE
REGION CODE ADDRESS : 14681 EDEN STREET
01 CITY : FORT MYERS
STATE/ZIP : FL 33908
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,519.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.08426
----------------------------------------------------------------
0 0070058011 MORTGAGORS: REA JAMES
REA JODIE
REGION CODE ADDRESS : 1050 ENCHANTED WAY
01 CITY : PACIFIC PAL
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 412,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,069.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,816.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.52308
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,550.00
P & I AMT: 10,904.93
UPB AMT: 1,595,767.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070058151 MORTGAGORS: STARK JOE
STARK CHERYL
REGION CODE ADDRESS : 1175 NORTH EARLHAM COURT
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 399,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,874.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,725.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.92000
----------------------------------------------------------------
0 0070058334 MORTGAGORS: CICCOTELLI ANTHONY
CICCOTELLI SUSAN
REGION CODE ADDRESS : 4 LEDGEROCK COURT
01 CITY : PARSIPPANY
STATE/ZIP : NJ 07054
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,183.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 86.81967
----------------------------------------------------------------
0 0070058441 MORTGAGORS: GOLDENBERG RICHARD
GOLDENBERG SUSAN
REGION CODE ADDRESS : 23902 LA HERMOSA AVENUE
01 CITY : LAGUNA NIGU
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,206.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.07407
----------------------------------------------------------------
0 0070059027 MORTGAGORS: JONES JERRY
JONES JAN
REGION CODE ADDRESS : 11 SAN BITTERN
01 CITY : LAGUNA BEAC
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,184.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.78571
----------------------------------------------------------------
0 0070059613 MORTGAGORS: SWANHART BRIAN
SWANHART ROBERTA
REGION CODE ADDRESS : 6506 WYNEMA COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,806.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.88235
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,330,500.00
P & I AMT: 9,494.02
UPB AMT: 1,327,257.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070060843 MORTGAGORS: COMPTON GEORGE
COMPTON CAROLYN
REGION CODE ADDRESS : 214 RAVENSWOOD AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 272,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.47561
----------------------------------------------------------------
0 0070063383 MORTGAGORS: LEMMER KEVIN
LEMMER LORI
REGION CODE ADDRESS : 140 DOWNEY DRIVE
01 CITY : TENAFLY
STATE/ZIP : NJ 07670
MORTGAGE AMOUNT : 403,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,347.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,715.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.98214
----------------------------------------------------------------
0 0070064019 MORTGAGORS: REYNOLDS KEN
REYNOLDS JANICE
REGION CODE ADDRESS : 14345 LA RINCONADA DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 340,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.45918
----------------------------------------------------------------
0 0070065156 MORTGAGORS: STATON JOANNA
REGION CODE ADDRESS : 7104 WELLINGTON POINT ROAD
01 CITY : MC KINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,096.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 77.41176
----------------------------------------------------------------
0 0070065719 MORTGAGORS: PRIOLEAU JOSEPH
PRIOLEAU JUANITA
REGION CODE ADDRESS : 9407 BRAYMORE CIRCLE
01 CITY : FAIRFAX STA
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,606.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.24242
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,000.00
P & I AMT: 10,629.48
UPB AMT: 1,587,951.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070065941 MORTGAGORS: O'NEILL MICHAEL
O'NEILL JANICE
REGION CODE ADDRESS : 37 GABRIEL WAY
01 CITY : WASHINGTON
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 286,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.37179
----------------------------------------------------------------
0 0070066097 MORTGAGORS: MESHESKE MICHAEL
MESHESKE CAROL
REGION CODE ADDRESS : 717 ELLSWORTH AVENUE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,516.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 73.78378
----------------------------------------------------------------
0 0070066311 MORTGAGORS: STEWARDSON DANA
STEWARDSON ALICE
REGION CODE ADDRESS : 323 CAVERSHAM ROAD
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
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 : 04/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 57.37705
----------------------------------------------------------------
0 0070067988 MORTGAGORS: JANKOWSKI JOHN
JANKOWSKI JUDY
REGION CODE ADDRESS : 49 LAFAYETTE MILLS ROAD
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 336,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,348.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.70706
----------------------------------------------------------------
0 0070068150 MORTGAGORS: HARRINGTON GLENN
HARRINGTON MARCIA
REGION CODE ADDRESS : 2723 WEST BARRETT STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98199
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.07229
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,500.00
P & I AMT: 10,316.66
UPB AMT: 1,527,235.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070069448 MORTGAGORS: WILLIAMS KEVIN
WILLIAMS VIRGINIA
REGION CODE ADDRESS : 8681 EQUUS LANE
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 283,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,133.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.77778
----------------------------------------------------------------
0 0070069844 MORTGAGORS: TREADWELL MARSHA
MILLER GREGORY
REGION CODE ADDRESS : 1096 TEVLIN STREET
01 CITY : ALBANY
STATE/ZIP : CA 94706
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,571.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.27273
----------------------------------------------------------------
0 0070071345 MORTGAGORS: SMARTE GERALD
SMARTE KAREN
REGION CODE ADDRESS : 2202 SPRING OAK DRIVE
01 CITY : RUNNING SPG
STATE/ZIP : CA 92382
MORTGAGE AMOUNT : 83,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 82,665.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 624.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/18
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 75.45455
----------------------------------------------------------------
0 0070071600 MORTGAGORS: ROBINSON SCOTT
ROBINSON JANE
REGION CODE ADDRESS : 2627 VIA CARRILLO
01 CITY : PALOS VERDE
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 420,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.40000
----------------------------------------------------------------
0 0070073895 MORTGAGORS: ROSEN DEAN
ROSEN RUTH
REGION CODE ADDRESS : 5003 LAKE ALICE ROAD SE
01 CITY : FALL CITY
STATE/ZIP : WA 98024
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 : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.91277
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,292,800.00
P & I AMT: 8,860.70
UPB AMT: 1,291,570.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070075882 MORTGAGORS: PRINCE WILLIAM
PRINCE VICKY
REGION CODE ADDRESS : 38820 CALLE DE COMPANERO
01 CITY : MURRIETA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.74074
----------------------------------------------------------------
0 0070077169 MORTGAGORS: BRIDGE DONALD
BRIDGE JAN
REGION CODE ADDRESS : 13431 MONTSERRAT COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,554.26 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 : 83.90805
----------------------------------------------------------------
0 0070077318 MORTGAGORS: ZANGER JOSEPH
ZANGER GLENDA
REGION CODE ADDRESS : 6601 PACHECO PASS HIGHWAY
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 303,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.89474
----------------------------------------------------------------
0 0070079074 MORTGAGORS: GREGORY ERIC
GREGORY MARY
REGION CODE ADDRESS : 9109 RIDGELY DRIVE
01 CITY : LORTON
STATE/ZIP : VA 22079
MORTGAGE AMOUNT : 211,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,442.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 81.34615
----------------------------------------------------------------
0 0070079199 MORTGAGORS: FITZGERALD KATHRYN
COHEN MITCHELL
REGION CODE ADDRESS : 407 NORTH NEVIN LANE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.59862
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,376,600.00
P & I AMT: 9,461.98
UPB AMT: 1,376,154.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070080775 MORTGAGORS: GAENZLE KURT
GAENZLEE ELIZABETH
REGION CODE ADDRESS : 5655 BEAUMONT AVENUE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 255,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 54.52026
----------------------------------------------------------------
0 0070084041 MORTGAGORS: DUCHARME ROBERT
DUCHARME CAROL
REGION CODE ADDRESS : 565 SADDLE NOTCH DRIVE
01 CITY : LOVELAND
STATE/ZIP : CO 80537
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.65217
----------------------------------------------------------------
0 0070084157 MORTGAGORS: BLOCK PATRICIA
REGION CODE ADDRESS : 2033 WATERDALE DRIVE
01 CITY : LOVELAND
STATE/ZIP : CO 80538
MORTGAGE AMOUNT : 130,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,046.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 888.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.12500
----------------------------------------------------------------
0 0070085097 MORTGAGORS: MADANI MASOOD
MADANI RUTH
REGION CODE ADDRESS : 325 SUNNYCROFT ROAD
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 274,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.51429
----------------------------------------------------------------
0 0070086228 MORTGAGORS: LIM GEORGE
REGION CODE ADDRESS : 8 CALICO COURT
01 CITY : COTO DE CAZ
STATE/ZIP : CA 92678
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,840.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.44068
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,243,950.00
P & I AMT: 8,473.00
UPB AMT: 1,243,387.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 317
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070087747 MORTGAGORS: FALCONER RONALD
FALCONER DORIS
REGION CODE ADDRESS : 5411 WOODMAN AVE
01 CITY : VAN NUYS
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 254,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.20000
----------------------------------------------------------------
0 0070093638 MORTGAGORS: ABLONCZY JERELYN
REGION CODE ADDRESS : 100 COLONIAL AVE
01 CITY : HADDONFIELD
STATE/ZIP : NJ 08033
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 : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070093661 MORTGAGORS: TOYOSHIMA MICHIRO
TOYOSHIMA EMIKO
REGION CODE ADDRESS : 2703 HUNTINGTON LANE
01 CITY : REDONDO BEA
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 201,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 201,134.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,273.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0070093711 MORTGAGORS: APTE ASHOK
APTE ANURADHA
REGION CODE ADDRESS : 26772 DEVONSHIRE ROAD
01 CITY : LAGUNA HILL
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 282,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.88660
----------------------------------------------------------------
0 0070095476 MORTGAGORS: HEMINGWAY WARD
HEMINGWAY MARILYN
REGION CODE ADDRESS : 63 PALM BEACH COURT
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.25397
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,244,950.00
P & I AMT: 8,523.98
UPB AMT: 1,244,386.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 318
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070097043 MORTGAGORS: PEKARCIK ALAN
PEKARCIK KAREN
REGION CODE ADDRESS : 1532 KENSING LANE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 555,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,833.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.26087
----------------------------------------------------------------
0 0070097704 MORTGAGORS: PARENZA JOHN
PARENZA DEBORAH
REGION CODE ADDRESS : 11536 NW 107TH COURT
01 CITY : GRANGER
STATE/ZIP : IA 50109
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------
0 0070098421 MORTGAGORS: SPENCER STEVEN
SPENCER DEBRA
REGION CODE ADDRESS : 8 RIDGEVIEW AVENUE
01 CITY : NEW PROVIDE
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,558.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0070102397 MORTGAGORS: JANULAITIS M
JANULAITIS CAROL
REGION CODE ADDRESS : 637 MANHATTAN AVENUE B
01 CITY : HERMOSA BEA
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 263,809.46 OPTION TO CONVERT :
UNPAID BALANCE : 263,809.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.72901
----------------------------------------------------------------
0 0070102702 MORTGAGORS: NGUYEN THANG
DANG THANH
REGION CODE ADDRESS : 320 S GILMAR ST
01 CITY : ANAHEIM
STATE/ZIP : CA 92802
MORTGAGE AMOUNT : 200,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,201.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,581.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 83.39583
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,506,709.46
P & I AMT: 10,628.54
UPB AMT: 1,505,569.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 319
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070102926 MORTGAGORS: CANZANO RICHARD
CANZANO ELIZABETH
REGION CODE ADDRESS : 21 VIA CANDELARIA
01 CITY : COTO DE CAZ
STATE/ZIP : CA 92679
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 : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.77966
----------------------------------------------------------------
0 0070107792 MORTGAGORS: MCCOY WILLIAM
MCGRAW ROSANNE
REGION CODE ADDRESS : 118 CANDLEWOOD DRIVE
01 CITY : NEW PROVIDE
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 279,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,252.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.18063
----------------------------------------------------------------
0 0070108287 MORTGAGORS: WOODSON JAMES
MALONE WOODS RITA
REGION CODE ADDRESS : 3607 ASHBY COURT
01 CITY : ROWLAND HEI
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 299,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.89873
----------------------------------------------------------------
0 0070108873 MORTGAGORS: KIMBER GEORGE
KIMBER SANDRA
REGION CODE ADDRESS : 1012 SOUTH MONTEZUMA WAY
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.93333
----------------------------------------------------------------
0 0070115670 MORTGAGORS: HERTEL BRUCE
HERTEL ANNA
REGION CODE ADDRESS : 1 MAPLE AVENUE
01 CITY : EATON
STATE/ZIP : CO 80615
MORTGAGE AMOUNT : 90,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 90,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 621.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,176,350.00
P & I AMT: 8,391.39
UPB AMT: 1,176,350.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 320
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070117353 MORTGAGORS: ELLIS JEFFREY
ELLIS LINDA
REGION CODE ADDRESS : 1057 EAGLE RIDGE DRIVE
01 CITY : EL PASO
STATE/ZIP : TX 79912
MORTGAGE AMOUNT : 238,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.01786
----------------------------------------------------------------
0 0070118617 MORTGAGORS: CANTRELL DANIEL
REGION CODE ADDRESS : 834 DOROTHEA ROAD
01 CITY : LA HABRA HE
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 262,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.45455
----------------------------------------------------------------
0 0070131107 MORTGAGORS: EFIRD BASCOM
EFIRD JANICE
REGION CODE ADDRESS : 126 STRAWBERRY DR
01 CITY : INMAN
STATE/ZIP : SC 29349
MORTGAGE AMOUNT : 53,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 53,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 366.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.82707
----------------------------------------------------------------
0 0070132709 MORTGAGORS: YOON HOWARD
YOON JULIE
REGION CODE ADDRESS : 25892 EUCALYPTUS DRIVE
01 CITY : LAGUNA HILL
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 354,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,478.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.77778
----------------------------------------------------------------
0 0070134093 MORTGAGORS: MANOCCHIO DOMINIC
MANOCCHIO KATHLEEN
REGION CODE ADDRESS : 41860 CRANBERRY LANE
01 CITY : LEESBURG
STATE/ZIP : VA 22075
MORTGAGE AMOUNT : 255,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.36148
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,163,800.00
P & I AMT: 8,128.30
UPB AMT: 1,163,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 321
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070139373 MORTGAGORS: MOLANDER ROGER
MOORE MARY
REGION CODE ADDRESS : 2335 KING PLACE N W
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 399,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,829.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.86538
----------------------------------------------------------------
0 0070140900 MORTGAGORS: MCSWEENEY FRANCIS
MCSWEENEY PAULA
REGION CODE ADDRESS : 21 PIGEON HILL ROAD
01 CITY : MORRIS PLAI
STATE/ZIP : NJ 07950
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.27273
----------------------------------------------------------------
0 0070166467 MORTGAGORS: BUTLER MICHAEL
BUTLER LISA
REGION CODE ADDRESS : 12771 CALLE DE LA SIENA
01 CITY : San Diego
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.79000
----------------------------------------------------------------
0 0070174180 MORTGAGORS: STENSON JAMES
STENSON DOROTHY
REGION CODE ADDRESS : 11601 NORTHEAST 36TH PLACE
01 CITY : BELLEVUE
STATE/ZIP : WA 98005
MORTGAGE AMOUNT : 266,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.43038
----------------------------------------------------------------
0 0070174792 MORTGAGORS: WILLIAMS SIDNEY
WILLIAMS NORIKO
REGION CODE ADDRESS : 25696 DILLON ROAD
01 CITY : Laguna Hills
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 601,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 601,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,157.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.81000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,813,950.00
P & I AMT: 12,625.06
UPB AMT: 1,813,550.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 322
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070174834 MORTGAGORS: LINDGREN RICHARD
LINDGREN JACKIE
REGION CODE ADDRESS : 801 VISTA DEL DIABLO
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.81000
----------------------------------------------------------------
0 0070177936 MORTGAGORS: GELLMAN BRUCE
GELLMAN LISA
REGION CODE ADDRESS : 24926 NORMANS WAY
01 CITY : Calabasas
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 452,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 452,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,128.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.82000
----------------------------------------------------------------
0 0070180419 MORTGAGORS: SMITH JEFF
SMITH KIM
REGION CODE ADDRESS : 9191 SANTIAGO DRIVE
01 CITY : Huntington Beach
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.26000
----------------------------------------------------------------
0 0070180757 MORTGAGORS: TETHER ANTHONY
TETHER CAROL
REGION CODE ADDRESS : 4518 ROXBURY ROAD
01 CITY : Corona Del Mar
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.29000
----------------------------------------------------------------
0 0070182886 MORTGAGORS: HAYOS MERIDITH
MOORE KATHLEEN
REGION CODE ADDRESS : 87 MOUNT MUIR COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.57000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,927,900.00
P & I AMT: 13,222.88
UPB AMT: 1,927,900.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 323
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070183330 MORTGAGORS: BLUMENFELD MICHAEL
BLUMENFELD OLIVIA
REGION CODE ADDRESS : 1 BERGAMO Street
01 CITY : Laguna Niguel
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.33000
----------------------------------------------------------------
0 0070183488 MORTGAGORS: HENDRICKS DAN
HENDRICKS SAMANTHA
REGION CODE ADDRESS : 569 W PALM DRIVE
01 CITY : Glendora
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.36000
----------------------------------------------------------------
0 0070187893 MORTGAGORS: NIELSEN MARK
NIELSEN GAIL
REGION CODE ADDRESS : 3157 CAMDON COURT
01 CITY : Pleasanton
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.30000
----------------------------------------------------------------
0 0070188222 MORTGAGORS: KATRA DAVID
KATRA SUSAN
REGION CODE ADDRESS : 239 BELGATOS RD
01 CITY : Los Gatos
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.42000
----------------------------------------------------------------
0 0070195102 MORTGAGORS: ADKINS DALE
ADKINS ROWENA
REGION CODE ADDRESS : 34876 HERRINGBONE WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.46000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,692,800.00
P & I AMT: 11,697.46
UPB AMT: 1,692,800.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 324
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070196738 MORTGAGORS: POLLAK RUDOLPH
POLLAK SANDRA
REGION CODE ADDRESS : 29682 TAMARRON
01 CITY : Laguna Niguel
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 295,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.61000
----------------------------------------------------------------
0 0070198197 MORTGAGORS: ROBINSON JERROLD
ROBINSON RHONDA
REGION CODE ADDRESS : 1747 RUHLAND AVE
01 CITY : Manhattan Beach
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.22000
----------------------------------------------------------------
0 0070198650 MORTGAGORS: STEINER PHILIP
WALSH CECILIA
REGION CODE ADDRESS : 1435 BRADDALE AVENUE
01 CITY : Los Altos
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 44.44000
----------------------------------------------------------------
0 0070199591 MORTGAGORS: HAZARI JAY
HAZARI GEETA
REGION CODE ADDRESS : 31385 CAPE VIEW DRIVE
01 CITY : Union City
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.07000
----------------------------------------------------------------
0 0070203369 MORTGAGORS: EDMONDS JAMES
EDMONDS VICKI
REGION CODE ADDRESS : 1089 ROYAL ACRES COURT
01 CITY : San Jose
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.22000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,850.00
P & I AMT: 10,437.31
UPB AMT: 1,511,850.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 325
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070205117 MORTGAGORS: MOSLEY MICHAEL
REGION CODE ADDRESS : 14969 CIRCO DIEGUENO
01 CITY : Del Mar
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.55000
----------------------------------------------------------------
0 0070206123 MORTGAGORS: MADISON LOREEN
REGION CODE ADDRESS : 402 HUNTINGTON ST
01 CITY : Huntington Beach
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.27000
----------------------------------------------------------------
0 0070211347 MORTGAGORS: COPPENS GEORGE
COPPENS DARLENE
REGION CODE ADDRESS : 25022 NELLIE GAIL ROAD
01 CITY : Laguna Hills
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.31000
----------------------------------------------------------------
0 0070211933 MORTGAGORS: MIRAMONTES MARINO
MIRAMONTES JESSICA
REGION CODE ADDRESS : 22311 AMBER ROSE
01 CITY : Mission Viejo
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070212980 MORTGAGORS: DESCOMBES DON
DESCOMBES ELIZABETH
REGION CODE ADDRESS : 79186 BOG WALK COURT
01 CITY : BERMUDA DUNES
STATE/ZIP : CA 92201
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,064,000.00
P & I AMT: 14,086.32
UPB AMT: 2,064,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981030 01
PAGE: 326
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070222021 MORTGAGORS: MATCHEY MICHAEL
LEWIS CHERYL
REGION CODE ADDRESS : 28832 WALNUT GROVE
01 CITY : Mission Viejo
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,394.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070225537 MORTGAGORS: WILLIAMS DENNIS
WILLIAMS ANDREA
REGION CODE ADDRESS : 22941 CALLE AZORIN
01 CITY : Mission Viejo
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 49.54000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 2
LOAN AMT: 621,000.00
P & I AMT: 4,168.15
UPB AMT: 621,000.00
0 TOTAL NUM OF LOANS: 1627
LOAN AMT: 503,568,031.08
P & I AMT: 3,499,353.08
UPB AMT: 503,088,608.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007663255 MORTGAGORS: JAEGER JOHN
JAEGER ANN
REGION CODE ADDRESS : 1814 PARKER LN
01 CITY : HENDERSON
STATE/ZIP : NC 27536
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,446.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007669377 MORTGAGORS: GOLDMAN ARTHUR
REGION CODE ADDRESS : 735 YARMOUTH ST
01 CITY : NORFOLK
STATE/ZIP : VA 23510
MORTGAGE AMOUNT : 281,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,991.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 54.21153
----------------------------------------------------------------
0 0007669385 MORTGAGORS: HUCHRO BRIAN
REGION CODE ADDRESS : 1559 33RD ST NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,472.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007669393 MORTGAGORS: STRAIN BRIAN
STRAIN CHARLOTTE
REGION CODE ADDRESS : 2524 CORNWALLIS AVE
01 CITY : ROANOKE
STATE/ZIP : VA 24014
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,654.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,980.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.89430
----------------------------------------------------------------
0 0007669401 MORTGAGORS: DANGEL PHILIP
DANGEL ELIZABETH
REGION CODE ADDRESS : 725 ANDOVER BLVD
01 CITY : KNOXVILLE
STATE/ZIP : TN 37922
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,396.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.94117
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,300.00
P & I AMT: 13,147.66
UPB AMT: 1,450,960.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669419 MORTGAGORS: ADKINSON DAVID
ADKINSON JEAN
REGION CODE ADDRESS : 71 LOCHINVAR CT
01 CITY : BEAVERCREEK
STATE/ZIP : OH 45385
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,851.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,217.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.91044
----------------------------------------------------------------
0 0007669427 MORTGAGORS: RITCHEY GEORGE
RITCHEY JOAN
REGION CODE ADDRESS : 5466 STILLWATER
01 CITY : WESTERVILLE
STATE/ZIP : OH 43081
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,910.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,862.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.95454
----------------------------------------------------------------
0 0007669435 MORTGAGORS: KOMOROWSKI ARTHUR
KOMOROWSKI SUSAN
REGION CODE ADDRESS : 6221 HEMPSTEAD MEWS
01 CITY : CENTERVILLE
STATE/ZIP : OH 45459
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,801.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0007669443 MORTGAGORS: DORSMAN PETER
DORSMAN COLLEEN
REGION CODE ADDRESS : 1120 ASHBURTON DR
01 CITY : DAYTON
STATE/ZIP : OH 45459
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,129.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,756.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.50000
----------------------------------------------------------------
0 0007669450 MORTGAGORS: LEVINE PETER
LEVINE CAROLYN
REGION CODE ADDRESS : 22300 PARNELL RD
01 CITY : SHAKER HTS
STATE/ZIP : OH 44122
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,471.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,814,250.00
P & I AMT: 16,354.90
UPB AMT: 1,801,165.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669468 MORTGAGORS: REICHELDERFER KEITH
REGION CODE ADDRESS : 12204 W. ASHTON CT.
01 CITY : KNOXVILLE
STATE/ZIP : TN 37922
MORTGAGE AMOUNT : 258,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,038.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,345.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.16176
----------------------------------------------------------------
0 0007669476 MORTGAGORS: SULLIVAN THOMAS
SULLIVAN SANDRA
REGION CODE ADDRESS : 30946 LAKE RD
01 CITY : BAY VILLAGE
STATE/ZIP : OH 44140
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,886.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,842.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.77777
----------------------------------------------------------------
0 0007669484 MORTGAGORS: KABB ELDON
KABB TERI
REGION CODE ADDRESS : 32420 PINEBROOK LANE
01 CITY : PEPPER PIKE
STATE/ZIP : OH 44124
MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,751.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,543.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.81100
----------------------------------------------------------------
0 0007669500 MORTGAGORS: CLAY RICHARD
CLAY ELIZABETH
REGION CODE ADDRESS : 485 LIGHTFOOT RD.
01 CITY : LOUISVILLE
STATE/ZIP : KY 40207
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,542.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,999.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 69.53800
----------------------------------------------------------------
0 0007669518 MORTGAGORS: PHIPPS BARBARA
STROM ROBERT
REGION CODE ADDRESS : 705 W 50TH ST
01 CITY : KANSAS CITY
STATE/ZIP : MO 64112
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,001.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,067,150.00
P & I AMT: 18,562.77
UPB AMT: 2,052,220.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669526 MORTGAGORS: SNAVELY TIMOTHY
SNAVELY SALLY
REGION CODE ADDRESS : 421 CONWAY PINE COURT
01 CITY : ST. LOUIS
STATE/ZIP : MO 63141
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,801.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 44.24778
----------------------------------------------------------------
0 0007669534 MORTGAGORS: BLACK DAVID
REGION CODE ADDRESS : 4810 LAUREL STREET
01 CITY : BELLAIRE
STATE/ZIP : TX 77401
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,106.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.31806
----------------------------------------------------------------
0 0007669542 MORTGAGORS: VONGVISITH PRASERT
REGION CODE ADDRESS : 1068 CHIMNEY ROCK ROAD
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 203,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 201,742.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.60377
----------------------------------------------------------------
0 0007669559 MORTGAGORS: SCHWAB MARY
REGION CODE ADDRESS : 4295 CLUB DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 728,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 723,540.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,697.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 65.00000
----------------------------------------------------------------
0 0007669567 MORTGAGORS: MELLO WILLIAM
MELLO MELODY
REGION CODE ADDRESS : 2265 WILSHIRE COURT
01 CITY : GRAYSON
STATE/ZIP : GA 30017
MORTGAGE AMOUNT : 316,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,191.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,820.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,043,200.00
P & I AMT: 18,469.38
UPB AMT: 2,031,382.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669575 MORTGAGORS: WALLACE LEE
WALLACE ANNE
REGION CODE ADDRESS : 129 ALDERWOOD DR
01 CITY : CHAGRIN FALLS
STATE/ZIP : OH 44022
MORTGAGE AMOUNT : 229,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,082.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.34426
----------------------------------------------------------------
0 0007669583 MORTGAGORS: MORASSUTTI DANTE
MORASSUTTI MARION
REGION CODE ADDRESS : 4908 CROFTON RD
01 CITY : LOUISVILLE
STATE/ZIP : KY 40207
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,090.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.52900
----------------------------------------------------------------
0 0007669591 MORTGAGORS: KREIN J
KREIN L
REGION CODE ADDRESS : 10727 WEST HWY 42
01 CITY : GOSHEN
STATE/ZIP : KY 40026
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,821.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,763.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/10
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.09300
----------------------------------------------------------------
0 0007669609 MORTGAGORS: RICHESON MAYNARD
RICHESON SHERYL
REGION CODE ADDRESS : 504 LAKELAND ROAD
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,259.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.26315
----------------------------------------------------------------
0 0007669617 MORTGAGORS: HOLLAND THOMAS
JOSLOW SUSAN
REGION CODE ADDRESS : 1003 WINDING WAY
01 CITY : BALTIMORE
STATE/ZIP : MD 21210
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,226.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,246.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 48.15534
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,317,800.00
P & I AMT: 12,307.85
UPB AMT: 1,312,481.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669625 MORTGAGORS: SHEARER WILLIAM
SHEARER MARY
REGION CODE ADDRESS : 113 SUMMERFIELD ROAD
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 362,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,155.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,207.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 60.41666
----------------------------------------------------------------
0 0007669633 MORTGAGORS: JASPER ROBIN-EVE
LAROUCHE ROGER
REGION CODE ADDRESS : 6227 WALHONDING ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,974.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,876.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007669641 MORTGAGORS: COX WILLIAM
COX JULIA
REGION CODE ADDRESS : 5004 RIVER HILL ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,973.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,615.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 50.83333
----------------------------------------------------------------
0 0007669658 MORTGAGORS: NAYAK PRADEEP
SWOBODA KATHRIN
REGION CODE ADDRESS : 2421 STRYKER AVENUE
01 CITY : VIENNA
STATE/ZIP : VA 22181
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,976.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,841.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007669674 MORTGAGORS: DRISCOLL JOHN
DRISCOLL CYNTHIA
REGION CODE ADDRESS : 408 CRANEY CREEK ROAD
01 CITY : STEVENSVILLE
STATE/ZIP : MD 21666
MORTGAGE AMOUNT : 258,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,990.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 74.98550
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,694,200.00
P & I AMT: 14,794.02
UPB AMT: 1,684,071.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669682 MORTGAGORS: RADFORD DAVID
RADFORD LISA
REGION CODE ADDRESS : 5737 LONGRIDGE DRIVE
01 CITY : ROANOKE
STATE/ZIP : VA 24018
MORTGAGE AMOUNT : 421,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,655.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,614.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007669690 MORTGAGORS: ZERBO JOSEPH
ZERBO SUSAN
REGION CODE ADDRESS : 17 GILBERT LANE
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,310.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,820.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.26887
----------------------------------------------------------------
0 0007669708 MORTGAGORS: SMILEY MICHAEL
SMILEY RITA
REGION CODE ADDRESS : 115 STONE FENCE ROAD
01 CITY : BERNARDSVILLE
STATE/ZIP : NJ 07924
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,907.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 40.57971
----------------------------------------------------------------
0 0007669716 MORTGAGORS: NOBLE MARK
REGION CODE ADDRESS : 15 NOREEN LANE
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 434,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,129.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,905.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.28828
----------------------------------------------------------------
0 0007669724 MORTGAGORS: LE SON MINH
LE THUY THI
REGION CODE ADDRESS : 132 LOVELAND WAY
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,622.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,505.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,015,000.00
P & I AMT: 18,015.28
UPB AMT: 2,004,624.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669732 MORTGAGORS: MOHRE J.
MOHRE LORAINE
REGION CODE ADDRESS : 4911 SLOANE PLACE
01 CITY : NEW ALBANY
STATE/ZIP : OH 43054
MORTGAGE AMOUNT : 235,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,385.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.45000
----------------------------------------------------------------
0 0007669757 MORTGAGORS: WALKUP MICHAEL
WALKUP CAROLYN
REGION CODE ADDRESS : 5215 WALKUP ROAD
01 CITY : CRYSTAL LAKE
STATE/ZIP : IL 60012
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,649.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,345.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.46100
----------------------------------------------------------------
0 0007669765 MORTGAGORS: TOON ALBERT
TOON JANE
REGION CODE ADDRESS : 4801 COUNTY HIGHWAY M
01 CITY : MIDDLETON
STATE/ZIP : WI 53562
MORTGAGE AMOUNT : 429,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,811.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,890.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 34.36000
----------------------------------------------------------------
0 0007669773 MORTGAGORS: KOLMAN BRUCE
KOLMAN NOREEN
REGION CODE ADDRESS : 5872 TEAL LANE
01 CITY : LONG GROVE
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,654.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,354.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/08
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0007669781 MORTGAGORS: O'BRIEN WALTER
O'BRIEN LYNN
REGION CODE ADDRESS : 9815 SPRING RIDGE LANE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,764.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,962.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.31818
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,621,850.00
P & I AMT: 15,684.37
UPB AMT: 1,605,265.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669799 MORTGAGORS: HULBERT WILLIAM
HULBERT MARIANNE
REGION CODE ADDRESS : 22801 SOUTH WOODCREST LANE
01 CITY : KILDEER
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,911.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,966.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0007669807 MORTGAGORS: SRUR MARCEL
REGION CODE ADDRESS : 1632 FLOYD STREET
01 CITY : SARASOTA
STATE/ZIP : FL 34239
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,495.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.20792
----------------------------------------------------------------
0 0007669815 MORTGAGORS: BANHOLZER SCOT
BANHOLZER CHRISTA
REGION CODE ADDRESS : W302 N6110 SPENCE ROAD
01 CITY : HARTLAND
STATE/ZIP : WI 53029
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,752.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,251.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.38297
----------------------------------------------------------------
0 0007669823 MORTGAGORS: O'NEILL ELIZABETH
O'NEILL PHILIP
REGION CODE ADDRESS : 85 SUTTON HILL ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,943.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,921.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.85258
----------------------------------------------------------------
0 0007669849 MORTGAGORS: SHAH RASESH
SHAH SHILPA
REGION CODE ADDRESS : 8929 SAND RIDGE DRIVE
01 CITY : HOLLAND
STATE/ZIP : OH 43528
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,144.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,586.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.04762
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,704,000.00
P & I AMT: 15,348.97
UPB AMT: 1,693,248.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669856 MORTGAGORS: NICHOLS ALFRED
NICHOLS SYLVIA
REGION CODE ADDRESS : 3595 JEREMY RANCH COURT
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,955.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007669864 MORTGAGORS: NIELSEN PAUL
NIELSEN LAURALEE
REGION CODE ADDRESS : 301 CATALPA STREET
01 CITY : ADDISON
STATE/ZIP : IL 60101
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,135.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,556.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007669872 MORTGAGORS: KHAN MOHAMMAD
KHAN MAHJABEEN
REGION CODE ADDRESS : 10110 NEW LONDON DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,709.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,673.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0007669880 MORTGAGORS: RUZICH ANDREW
RUZICH CONSTANCE
REGION CODE ADDRESS : 604 PINE ROAD
01 CITY : SEWICKLEY
STATE/ZIP : PA 15143
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,978.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,818.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007669906 MORTGAGORS: METZ WILLIAM
METZ LINDA
REGION CODE ADDRESS : 2639 NORTH BURLING STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 375,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,296.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,350.70 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.91200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,791,700.00
P & I AMT: 16,074.46
UPB AMT: 1,781,075.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669914 MORTGAGORS: JOHNSON KRISTINA
HIBBARD KATHIE
REGION CODE ADDRESS : 7217 COYOTE TRAIL
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 563,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,564.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,063.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.27058
----------------------------------------------------------------
0 0007669922 MORTGAGORS: MOSKOWITZ MITCHELL
MOSKOWITZ CINDY
REGION CODE ADDRESS : 5915 WARM MIST LANE
01 CITY : DALLAS
STATE/ZIP : TX 75248
MORTGAGE AMOUNT : 274,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,470.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.69565
----------------------------------------------------------------
0 0007669930 MORTGAGORS: GEETING DAVID
WRIGHT BARBARA
REGION CODE ADDRESS : 200 EAST DELAWARE PLACE #35C
01 CITY : CHICAGO
STATE/ZIP : IL 60611
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,209.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.56521
----------------------------------------------------------------
0 0007669955 MORTGAGORS: HORN CLIFTON
HORN ERICKA
REGION CODE ADDRESS : 200 RAINBOW ROAD
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,911.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,966.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.74418
----------------------------------------------------------------
0 0007669963 MORTGAGORS: GENOVA RONALD
REGION CODE ADDRESS : 1554 ROWELL DRIVE
01 CITY : LYONS
STATE/ZIP : CO 80540
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,433.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,959.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,868,250.00
P & I AMT: 16,894.40
UPB AMT: 1,855,589.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007669971 MORTGAGORS: MCKEE DANNY
MCKEE ROSE
REGION CODE ADDRESS : 3282 EAST FORREST PLACE
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,775.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,495.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.71400
----------------------------------------------------------------
0 0007669989 MORTGAGORS: SCHMIDT WILLIAM
ALCOCK-SCHMIDT JANE
REGION CODE ADDRESS : 5112 LONG KNIFE RUN
01 CITY : LOUISVILLE
STATE/ZIP : KY 40207
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,020.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.72973
----------------------------------------------------------------
0 0007670003 MORTGAGORS: CALDWELL CHARLES
CALDWELL DONNA
REGION CODE ADDRESS : 6226 GLYNMOOR LAKES DR
01 CITY : CHARLOTTE
STATE/ZIP : NC 28277
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,400.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 38.52080
----------------------------------------------------------------
0 0007670011 MORTGAGORS: SIMON WILLIAM
CHAMBERLAIN CHERYL
REGION CODE ADDRESS : 225 N. ELMWOOD AVENUE
01 CITY : OAK PARK
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 254,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,013.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,325.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.18181
----------------------------------------------------------------
0 0007670029 MORTGAGORS: GRANT RICHARD
GRANT ABBY
REGION CODE ADDRESS : 6299 SOUTHWEST MERIDIAN WAY
01 CITY : TUALATIN
STATE/ZIP : OR 97062
MORTGAGE AMOUNT : 543,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 540,270.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,000.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.41818
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,600,400.00
P & I AMT: 14,537.14
UPB AMT: 1,590,480.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670037 MORTGAGORS: ULRICH DAVID
ULRICH DEBRA
REGION CODE ADDRESS : 7388 TRINITY COURT
01 CITY : FRANKLIN
STATE/ZIP : WI 53132
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,151.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,277.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.95744
----------------------------------------------------------------
0 0007670045 MORTGAGORS: STUART WILLIAM
STUART DEBRA
REGION CODE ADDRESS : 8989 VICTORIA LANE
01 CITY : PARKER
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,341.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,400.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.62831
----------------------------------------------------------------
0 0007670052 MORTGAGORS: EVANS GAIL
REGION CODE ADDRESS : 886 ROCK SPRINGS ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,082.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,066.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007670060 MORTGAGORS: ZISK ROBERT
ZISK NANCY
REGION CODE ADDRESS : 3146 COBB HILL LANE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,049.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,875.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.45579
----------------------------------------------------------------
0 0007670078 MORTGAGORS: LEINENBACH STEPHEN
LEINENBACH KATHY
REGION CODE ADDRESS : 17629 LASIANDRA DRIVE
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,888.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,943.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.30600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,831,000.00
P & I AMT: 16,563.59
UPB AMT: 1,819,513.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670086 MORTGAGORS: MULCAHY THOMAS
MULCAHY SARAH
REGION CODE ADDRESS : 220 EAST CHOWNING CROSS
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,942.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,615.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007670094 MORTGAGORS: KING MICHAEL
KING ALICYN
REGION CODE ADDRESS : 8542 SOUTH MIVU CIRCLE
01 CITY : SANDY
STATE/ZIP : UT 84093
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,153.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,968.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.04200
----------------------------------------------------------------
0 0007670102 MORTGAGORS: TAYLOR JAMES
TAYLOR ELIZABETH
REGION CODE ADDRESS : 406 SHEFFIELD ESTATES DRIVE
01 CITY : SAINT LOUIS
STATE/ZIP : MO 63141
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,215.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 31.49171
----------------------------------------------------------------
0 0007670110 MORTGAGORS: MASTEN ROBERT
MASTEN JOAN
REGION CODE ADDRESS : 6045 SOUTH CHESTER WAY
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,970.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,989.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007670128 MORTGAGORS: DE MOLINA RAMIRO
DE MOLINA ELENA
REGION CODE ADDRESS : 600 GRAPETREE DR. #9CN
01 CITY : MIAMI
STATE/ZIP : FL 33149
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,851.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,210.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.14285
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,708,750.00
P & I AMT: 15,365.89
UPB AMT: 1,700,133.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007670136 MORTGAGORS: DAVIS ALAN
DAVIS JEANETTE
REGION CODE ADDRESS : 3516 BARTON OAKS ROAD
01 CITY : BALTIMORE
STATE/ZIP : MD 21208
MORTGAGE AMOUNT : 433,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,132.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,896.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.39130
----------------------------------------------------------------
0 0007670144 MORTGAGORS: NICHOLAS RICHARD
REGION CODE ADDRESS : 3322 AYLESBURY COURT
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 339,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,768.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,937.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 77.26756
----------------------------------------------------------------
0 0030928287 MORTGAGORS: MAHER NEIL
MAHER REGINA
REGION CODE ADDRESS : 37 CLEVELAND DRIVE
01 CITY : MONTAUK
STATE/ZIP : NY 11954
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.20300
----------------------------------------------------------------
0 0031049505 MORTGAGORS: MCKEEVER A
MCKEEVER CHRISTINE
REGION CODE ADDRESS : 123 SOUTH TELEGRAPH HILL ROAD
01 CITY : HOLMDEL TOWNSHIP
STATE/ZIP : NJ 07733
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,751.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031109671 MORTGAGORS: GROBE RANDALL
REGION CODE ADDRESS : 5413 TONYAWATHA TRAIL
01 CITY : MADISON
STATE/ZIP : WI 53716
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,640.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,171.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,708,400.00
P & I AMT: 15,450.25
UPB AMT: 1,700,293.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031128192 MORTGAGORS: KANTOR JEFFREY
KANTOR RAELIN
REGION CODE ADDRESS : 28 RICHDALE ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02194
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,762.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,294.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031155286 MORTGAGORS: HARRIS PHILLIP
HARRIS RITA
REGION CODE ADDRESS : 80 BEACON STREET UNIT 61 62,
01 CITY : BOSTON
STATE/ZIP : MA 02108
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,632.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,494.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.42850
----------------------------------------------------------------
0 0031156268 MORTGAGORS: JUMPER SIGSBEE
JUMPER KATHRYN
REGION CODE ADDRESS : 1093 RED BELT ROAD
01 CITY : CHICKAMAUGA
STATE/ZIP : GA 30707
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,210.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031187545 MORTGAGORS: REILLY RAYMOND
REILLY ANNE
REGION CODE ADDRESS : 124 EMMONS ROAD
01 CITY : BOURNE
STATE/ZIP : MA 02259
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,305.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,808.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 48.48000
----------------------------------------------------------------
0 0031201445 MORTGAGORS: QIU ZHONG
MAK JEANNIE
REGION CODE ADDRESS : 2263 14TH AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 269,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,072.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/12
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.81500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,642,300.00
P & I AMT: 15,023.07
UPB AMT: 1,616,982.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031211204 MORTGAGORS: VIERNES PATRICIO
VIERNES MERINA
REGION CODE ADDRESS : 18265 LE CHATEAU DRIVE
01 CITY : BROOKFIELD
STATE/ZIP : WI 53045
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,254.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,289.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031213036 MORTGAGORS: CASTLE ROBERT
CASTLE DEBRA
REGION CODE ADDRESS : 6628 WEST SHORE DRIVE
01 CITY : EDINA
STATE/ZIP : MN 55435
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,957.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031214976 MORTGAGORS: LERNER LAURENCE
LERNER AN SOON
REGION CODE ADDRESS : 2169 E. OCEAN BLVD
01 CITY : BALBOA
STATE/ZIP : CA 92661
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 546,630.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,059.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 55.00000
----------------------------------------------------------------
0 0031219264 MORTGAGORS: STEIN DAVID
HILFERTY SUSAN
REGION CODE ADDRESS : 470 WEST 24TH STREET, #7C
01 CITY : NEW YORK
STATE/ZIP : NY 10011
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,054.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,546.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 74.35897
----------------------------------------------------------------
0 0031241672 MORTGAGORS: WILLIAMS JAMES
WILLIAMS CAMILLA
REGION CODE ADDRESS : 65 VAUGHN HILL ROAD
01 CITY : BOLTON
STATE/ZIP : MA 01740
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,856.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,219.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.70700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,761,000.00
P & I AMT: 16,072.91
UPB AMT: 1,753,795.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031242167 MORTGAGORS: KEIMACH DAVID
KEIMACH SHARY
REGION CODE ADDRESS : 55 MAIN STREET
01 CITY : GROVELAND
STATE/ZIP : MA 01834
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 521,818.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,866.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.93500
----------------------------------------------------------------
0 0031244049 MORTGAGORS: GEBHART RICHARD
GEBHART CYNTHIA
REGION CODE ADDRESS : 22240 SILVERSPUR ROAD
01 CITY : PALO CEDRO
STATE/ZIP : CA 96073
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,915.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,188.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.33300
----------------------------------------------------------------
0 0031255813 MORTGAGORS: LEVI W.
REGION CODE ADDRESS : 745 OAK BROOK BLVD
01 CITY : SUMPTER
STATE/ZIP : SC 29150
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,007.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031259328 MORTGAGORS: KOLLER HAROLD
KOLLER DORRIS
REGION CODE ADDRESS : 420 HICKORY ROAD
01 CITY : HUNTINGDON VALLEY
STATE/ZIP : PA 19006
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,595.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.72400
----------------------------------------------------------------
0 0031259336 MORTGAGORS: ROSENQVIST N
ROSENQVIST MASHEED
REGION CODE ADDRESS : 2 WASHINGTON STREET
01 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.36800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,766,800.00
P & I AMT: 16,160.29
UPB AMT: 1,760,742.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031266232 MORTGAGORS: FITZSIMMONS PATRICIA
FITZSIMMONS RICHARD
REGION CODE ADDRESS : 28 AVENUE F.
01 CITY : MONROE
STATE/ZIP : NJ 08831
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 125,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,132.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.02040
----------------------------------------------------------------
0 0031268709 MORTGAGORS: WHITELAW THOMAS
WHITELAW MARGARET
REGION CODE ADDRESS : 3823 CALLE TIBURON
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 306,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,390.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,732.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 55.70000
----------------------------------------------------------------
0 0031269269 MORTGAGORS: DUBEY ROBERT
REGION CODE ADDRESS : 176 WEST LANDING
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,468.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,595.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 48.48400
----------------------------------------------------------------
0 0031269285 MORTGAGORS: RIES GREGORY
REGION CODE ADDRESS : 17680 MARYSTOWN ROAD
01 CITY : SHAKOPEE
STATE/ZIP : MN 55379
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,962.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.76200
----------------------------------------------------------------
0 0031271414 MORTGAGORS: MATHIAS GREG
MATHIAS RACHEL
REGION CODE ADDRESS : 4270 VICTORIA LANE
01 CITY : DANVILLE
STATE/ZIP : IN 46122
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,134.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,699.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.95500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,451,350.00
P & I AMT: 13,053.42
UPB AMT: 1,442,955.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031271547 MORTGAGORS: JONES DANIEL
JONES DEBORAH
REGION CODE ADDRESS : 16 TURNER HILL ROAD
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,543.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,134.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031274673 MORTGAGORS: VIOLET MARY ANN
VIOLET DAVID
REGION CODE ADDRESS : 226 PINE DRIVE
01 CITY : BAYVILLE
STATE/ZIP : NJ 08223
MORTGAGE AMOUNT : 55,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 55,450.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 505.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031275993 MORTGAGORS: ZEPPIERI JOSEPH
ZEPPIERI PAULA
REGION CODE ADDRESS : 35 BEACH POND ROAD
01 CITY : GROTON
STATE/ZIP : CT 06340
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,405.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.78900
----------------------------------------------------------------
0 0031276439 MORTGAGORS: SULLO CARL
SULLO JANET
REGION CODE ADDRESS : 2 CARRIAGE COURT
01 CITY : MEDFORD TOWNSHIP
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,291.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.28571
----------------------------------------------------------------
0 0031276967 MORTGAGORS: TAKATA GREGG
TESTA-TAKATA MARGARET
REGION CODE ADDRESS : 35 FLINT AVENUE
01 CITY : LARCHMONT
STATE/ZIP : NY 10538
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,034.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.90900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,550.00
P & I AMT: 13,113.84
UPB AMT: 1,456,690.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031277502 MORTGAGORS: ABU A
ABU KATHLEEN
REGION CODE ADDRESS : 378 DAVIS STREET
01 CITY : NORTHBOROUGH
STATE/ZIP : MA 01532
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,457.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,108.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/08
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031278500 MORTGAGORS: EISENBERG JEFFREY
EIS TAMARA
REGION CODE ADDRESS : 37 WEXFORD GLEN
01 CITY : PITTSFORD
STATE/ZIP : NY 14534
MORTGAGE AMOUNT : 376,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,091.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,357.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.30000
----------------------------------------------------------------
0 0031279953 MORTGAGORS: HARVEY DOUGLAS
HARVEY JACQUELINE
REGION CODE ADDRESS : 5 MILDRED TERRACE
01 CITY : ROXBURY
STATE/ZIP : NJ 07836
MORTGAGE AMOUNT : 169,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 168,455.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,495.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.11111
----------------------------------------------------------------
0 0031280472 MORTGAGORS: RICHARDSON HALDON
RICHARDSON NANCY
REGION CODE ADDRESS : 101 EASTMOOR DRIVE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20901
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,485.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,494.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 250
LTV : 73.99100
----------------------------------------------------------------
0 0031282684 MORTGAGORS: RAY JIM
RAY PAM
REGION CODE ADDRESS : 3283 RECHE ROAD
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 159,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,766.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,469.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,250.00
P & I AMT: 12,926.31
UPB AMT: 1,303,256.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031282874 MORTGAGORS: FAWCETT WALTER
FAWCETT MICHELLE
REGION CODE ADDRESS : 310 MACALPIN COURT
01 CITY : INVERNESS
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 900,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 894,304.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 8,089.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 66.66600
----------------------------------------------------------------
0 0031283401 MORTGAGORS: FISCHLER ROBERT
FISCHLER DEBORAH
REGION CODE ADDRESS : 10910 CHALON RD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 794,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 789,580.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,252.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 69.08600
----------------------------------------------------------------
0 0031285653 MORTGAGORS: MASSEY DOUGLAS
ROSS SUSAN
REGION CODE ADDRESS : 2121 SPRUCE STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19103
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,887.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 69.00000
----------------------------------------------------------------
0 0031285943 MORTGAGORS: LUTER JOSEPH
LUTER FRANCES
REGION CODE ADDRESS : 267 RIVER OAKS LANE
01 CITY : SMITHFIELD
STATE/ZIP : VA 23430
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,502.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,347.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031286552 MORTGAGORS: KLEMMER RICHARD
KLEMMER SARA
REGION CODE ADDRESS : 46 OLD ORCHARD ROAD
01 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,309.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,445.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.53800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,789,500.00
P & I AMT: 25,188.82
UPB AMT: 2,774,584.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031288236 MORTGAGORS: KRISHNA VIJAY
KRISHNA KALA
REGION CODE ADDRESS : 102 WEST WILLOWOOD COURT
01 CITY : PORT MATILDA
STATE/ZIP : PA 16870
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,053.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.51600
----------------------------------------------------------------
0 0031289002 MORTGAGORS: FREEMAN MASON
HAYDOCK GALE
REGION CODE ADDRESS : 24 BAY FARM LANE
01 CITY : LITTLE COMPTON
STATE/ZIP : RI 02837
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,640.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,171.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031290463 MORTGAGORS: YI PETER
YI ALICE
REGION CODE ADDRESS : 88 BALCORT DRIVE
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 427,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,355.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,897.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.91200
----------------------------------------------------------------
0 0031292246 MORTGAGORS: CLARDY DAVID
CLARDY IRENE
REGION CODE ADDRESS : 1349 ELM CIRCLE
01 CITY : FARGO
STATE/ZIP : ND 58102
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,163.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,427.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031294010 MORTGAGORS: SUN CHUNG
SUN KWAN
REGION CODE ADDRESS : 6122 KENDRA WAY
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 132,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,670.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,200.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,500.00
P & I AMT: 14,393.84
UPB AMT: 1,570,884.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031294044 MORTGAGORS: MORGAN JOEL
MORGAN DEBRA
REGION CODE ADDRESS : 9 TREMBLEWOOD TRAIL
01 CITY : VALDOSTA
STATE/ZIP : GA 31602
MORTGAGE AMOUNT : 298,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,133.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,467.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/08
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.95800
----------------------------------------------------------------
0 0031294184 MORTGAGORS: SHEWMAKER JODY
REGION CODE ADDRESS : 214 BREEZEWAY LANE
01 CITY : PLEASANT HILL
STATE/ZIP : MO 64080
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,814.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 547.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031295660 MORTGAGORS: HALMOS IMRE
HALMOS MAUREEN
REGION CODE ADDRESS : 5 PEPPERCORN ROAD
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,160.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,529.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.87600
----------------------------------------------------------------
0 0031298177 MORTGAGORS: WINKELMAN JOHN
WOZNIAK JANET
REGION CODE ADDRESS : 12 FIELD ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,060.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 31.68400
----------------------------------------------------------------
0 0031298201 MORTGAGORS: CALCAGNA DAVID
PENSO CHRISTINE
REGION CODE ADDRESS : 225 OLD BAY ROAD
01 CITY : BOLTON
STATE/ZIP : MA 01740
MORTGAGE AMOUNT : 592,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 590,152.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,362.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.47600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,600.00
P & I AMT: 14,633.58
UPB AMT: 1,518,321.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031298698 MORTGAGORS: CLARK JOHN
CLARK ELIZABETH
REGION CODE ADDRESS : 19415 SOUTH LAKEWAY DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,898.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,875.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 56.52100
----------------------------------------------------------------
0 0031299670 MORTGAGORS: COTTRELL DAVID
COTTRELL LESLIE
REGION CODE ADDRESS : 9338 BRIAR FOREST DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77063
MORTGAGE AMOUNT : 84,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 83,734.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 755.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 38.44300
----------------------------------------------------------------
0 0031300403 MORTGAGORS: JACOBS J
JACOBS LINDY
REGION CODE ADDRESS : 61095 RIVER BLUFF TRAIL
01 CITY : BEND
STATE/ZIP : OR 97702
MORTGAGE AMOUNT : 382,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,406.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.58300
----------------------------------------------------------------
0 0031300932 MORTGAGORS: VACCARO SETH
DEA JEAN
REGION CODE ADDRESS : 1489 CHARLTON ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 812,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 809,520.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,469.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 77.33300
----------------------------------------------------------------
0 0031301971 MORTGAGORS: GASPARD KENNETH
GASPARD LINDA
REGION CODE ADDRESS : 19339 NORTH MUIRFIELD CIRCLE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 505,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,371.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,468.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 69.65500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,108,000.00
P & I AMT: 18,976.44
UPB AMT: 2,101,525.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031303902 MORTGAGORS: ZANOCCO RICHARD
ZANOCCO LINDA
REGION CODE ADDRESS : 9766 OLAS LANE
01 CITY : ROCKFORD
STATE/ZIP : IL 61114
MORTGAGE AMOUNT : 572,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,195.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,141.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.77100
----------------------------------------------------------------
0 0031307366 MORTGAGORS: SINGER JOEL
SINGER LISE
REGION CODE ADDRESS : 35 HENRYS MILL LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 628,033.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,706.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031307663 MORTGAGORS: INGRAM PHYLLIS
INGRAM MERRILL
REGION CODE ADDRESS : 104 TIMBERLANE ROAD
01 CITY : PIKE ROAD
STATE/ZIP : AL 36064
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,814.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,505.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.17500
----------------------------------------------------------------
0 0031308158 MORTGAGORS: CHANDRASOMA PARAKRAMA
CHANDRASOMA NIRMALA
REGION CODE ADDRESS : 851 CHAPEA RD
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 596,078.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,267.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 57.69200
----------------------------------------------------------------
0 0031310816 MORTGAGORS: PAZIK THOMAS
PAZIK LEANNE
REGION CODE ADDRESS : 361 WYNDHAM AVENUE
01 CITY : GREELEY
STATE/ZIP : CO 80634
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,674.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,350.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.05100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,447,500.00
P & I AMT: 21,971.83
UPB AMT: 2,437,797.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031312051 MORTGAGORS: BETHKE GARY
BETHKE CATHERINE
REGION CODE ADDRESS : 4318 PERDIDO BAY DRIVE
01 CITY : KATY
STATE/ZIP : TX 77450
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,876.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,631.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031312317 MORTGAGORS: CLEMENT ZACK
REGION CODE ADDRESS : 5672 LONGMONT DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,468.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,595.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.19047
----------------------------------------------------------------
0 0031312499 MORTGAGORS: ELFTMANN TODD
ERICKSON SUSAN
REGION CODE ADDRESS : 740 LAKE POINT
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,110.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.20600
----------------------------------------------------------------
0 0031313166 MORTGAGORS: MULLANEY JOHN
ESTRADA-MULLANEY TERESA
REGION CODE ADDRESS : 2866 CORTE DE MAYO
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 467,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,558.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,263.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.19000
----------------------------------------------------------------
0 0031314339 MORTGAGORS: LOPEZ PAUL
REGION CODE ADDRESS : 7278 MOSS RIDGE
01 CITY : PARKER
STATE/ZIP : TX 75002
MORTGAGE AMOUNT : 249,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,169.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.21800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,697,550.00
P & I AMT: 15,364.03
UPB AMT: 1,690,183.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031314438 MORTGAGORS: ZUCCARINI CHRISTOPHER
REGION CODE ADDRESS : 3 CHERRY LANE
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,262.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,459.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.46700
----------------------------------------------------------------
0 0031314727 MORTGAGORS: DAVIS KEITH
DAVIS ELLEN
REGION CODE ADDRESS : 1340 PROUTY DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 304,620.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,397.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,716.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.25900
----------------------------------------------------------------
0 0031314735 MORTGAGORS: RAINS ALAN
RAINS LUISA
REGION CODE ADDRESS : 301 N. QUAKER LANE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,782.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,469.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 48.25000
----------------------------------------------------------------
0 0031316466 MORTGAGORS: SMITH-FELVER ROBERT
SMITH-FELVER MARTHA
REGION CODE ADDRESS : 4497 MECHANICSVILLE ROAD
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,030.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,327.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 65.21700
----------------------------------------------------------------
0 0031319254 MORTGAGORS: CRUZ BETSIE
REGION CODE ADDRESS : 946 MORRIS AVENUE
01 CITY : LOWER MERION TOWNSHIP
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,031.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.93700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,620.00
P & I AMT: 13,355.40
UPB AMT: 1,464,503.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031319262 MORTGAGORS: GALLAGHER THOMAS
GALLAGHER JOSEPHINE
REGION CODE ADDRESS : 8990 BAY COLONY #1102
01 CITY : NAPLES
STATE/ZIP : FL 34108
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,949.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,581.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.04762
----------------------------------------------------------------
0 0031319270 MORTGAGORS: PUCO STEPHEN
PUCO MARIE
REGION CODE ADDRESS : 91 HEWITT BOULEVARD
01 CITY : CENTER MORICHES
STATE/ZIP : NY 11934
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,075.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,586.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.23000
----------------------------------------------------------------
0 0031322357 MORTGAGORS: ORECKLIN JAMES
KENNEALY PHILIPPA
REGION CODE ADDRESS : 310 SOUTH SALTAIR AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,377.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,710.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.60800
----------------------------------------------------------------
0 0031323777 MORTGAGORS: GRUENDEMAN GARY
GRUENDEMAN THEA
REGION CODE ADDRESS : 6833 DIDRIKSON LANE
01 CITY : WOODRIDGE
STATE/ZIP : IL 60517
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,058.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,784.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.22000
----------------------------------------------------------------
0 0031323934 MORTGAGORS: BRYAN HOWARD
BRYAN MARTHA
REGION CODE ADDRESS : 1111 LA LOMA DRIVE
01 CITY : TUSTIN AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,132.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.62000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,888,000.00
P & I AMT: 17,133.95
UPB AMT: 1,880,592.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031323942 MORTGAGORS: MUNN O'NEAL
MUNN SANDRA
REGION CODE ADDRESS : 154 COUNTRY LANE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78209
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,151.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.38000
----------------------------------------------------------------
0 0031324007 MORTGAGORS: LEDERMAN BETTE
REGION CODE ADDRESS : 2245 SOUTH YOSEMITE CIRCLE
01 CITY : DENVER
STATE/ZIP : CO 80231
MORTGAGE AMOUNT : 157,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,779.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,396.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 63.12000
----------------------------------------------------------------
0 0031325731 MORTGAGORS: WALTERS DAVID
WALTERS STACY
REGION CODE ADDRESS : 1340 ROUTE 130
01 CITY : NORTH BRUNSWICK
STATE/ZIP : NJ 08902
MORTGAGE AMOUNT : 98,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 98,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 908.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.58600
----------------------------------------------------------------
0 0031327315 MORTGAGORS: BELLEAU CHRISTOPHER
BELLEAU ERIN
REGION CODE ADDRESS : 13 HIDDEN OAK LANE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,132.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031327927 MORTGAGORS: SCHOPPA WESLEY
SCHOPPA MARIA
REGION CODE ADDRESS : 3911 EMERALD FALLS DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77059
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,106.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,082,800.00
P & I AMT: 9,738.30
UPB AMT: 1,079,170.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031328503 MORTGAGORS: COLLINS MARJORIE
COLLINS PAUL
REGION CODE ADDRESS : 94 SEAVIEW AVE
01 CITY : MONMOUTH BEACH
STATE/ZIP : NJ 07750
MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 190,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.53 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 47.50000
----------------------------------------------------------------
0 0031328800 MORTGAGORS: MAIDA JOSEPH
MAIDA NANCY
REGION CODE ADDRESS : 1300 CORY DRIVE
01 CITY : FORT WASHINGTON
STATE/ZIP : PA 19034
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,753.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.87300
----------------------------------------------------------------
0 0031329519 MORTGAGORS: DELOVITCH RONALD
DELOVITCH JOAN
REGION CODE ADDRESS : 19836 MEREDITH DRIVE
01 CITY : DERWOOD
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 279,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,867.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031332075 MORTGAGORS: GARBER SANDRA
REGION CODE ADDRESS : 15 SOUNDVIEW LANE
01 CITY : SANDS POINT
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 42.85714
----------------------------------------------------------------
0 0031332877 MORTGAGORS: JOHNSON KENNETH
JOHNSON RACHEL
REGION CODE ADDRESS : 8928 WEST BENNINGTON COURT
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,219.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,264,250.00
P & I AMT: 11,482.58
UPB AMT: 1,261,840.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031333529 MORTGAGORS: BELLEZZA DONALD
BELLEZZA ELIZABETH
REGION CODE ADDRESS : 1491 COLES AVENUE
01 CITY : MOUNTAINSIDE
STATE/ZIP : NJ 07092
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,805.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,532.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.42800
----------------------------------------------------------------
0 0031333719 MORTGAGORS: RAISH DAVID
RAISH ROSLYN
REGION CODE ADDRESS : 106B SAKONNET POINT ROAD
01 CITY : LITTLE COMPTON
STATE/ZIP : RI 02837
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,957.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,809.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 59.81300
----------------------------------------------------------------
0 0031335284 MORTGAGORS: PERKEL LESLIE
PERKEL DEBORAH
REGION CODE ADDRESS : 48 FAIRHAVEN DRIVE
01 CITY : ALLENDALE
STATE/ZIP : NJ 07401
MORTGAGE AMOUNT : 250,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,416.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 73.60200
----------------------------------------------------------------
0 0031336258 MORTGAGORS: CHIN ARTHUR
CHIN LINDA
REGION CODE ADDRESS : 11 MANZANITA AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,658.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,895.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.42857
----------------------------------------------------------------
0 0031336829 MORTGAGORS: BAYLEY FRANK
REGION CODE ADDRESS : 1859-1861 JONES STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94109
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,138.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,412.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/13
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.27272
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,962,250.00
P & I AMT: 17,812.57
UPB AMT: 1,950,975.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031338643 MORTGAGORS: SHWERY EDWARD
REGION CODE ADDRESS : 134 BEVERLY DRIVE
01 CITY : METAIRIE
STATE/ZIP : LA 70001
MORTGAGE AMOUNT : 255,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,902.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,368.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.72413
----------------------------------------------------------------
0 0031339468 MORTGAGORS: GULLETTE JOHN
GULLETTE CHRISTINE
REGION CODE ADDRESS : 11 BROOKFIELD GARTH
01 CITY : LUTHERVILLE
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,922.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,848.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 73.48300
----------------------------------------------------------------
0 0031340052 MORTGAGORS: TEMPLE JOHN
TEMPLE JOHRE
REGION CODE ADDRESS : 4028 OAKDALE FARMS CIRCLE
01 CITY : OKLAHOMA CITY
STATE/ZIP : OK 73013
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,796.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,560.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031341357 MORTGAGORS: ABOOKIRE SUSAN
PECKINS CHRISTOPHER
REGION CODE ADDRESS : 99 WALLACE STREET
01 CITY : NEWTON
STATE/ZIP : MA 02161
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,265.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.11100
----------------------------------------------------------------
0 0031341837 MORTGAGORS: BUELTMANN RICHARD
BUELTMANN PATRICIA
REGION CODE ADDRESS : 5109 COUNTRY CLUB DR
01 CITY : HIGH RIDGE
STATE/ZIP : MO 63049
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,816.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,050.00
P & I AMT: 13,139.75
UPB AMT: 1,450,702.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031341944 MORTGAGORS: WEISBERG MICHELLE
REGION CODE ADDRESS : 131 EDGEWOOD RD
01 CITY : ARDMORE
STATE/ZIP : PA 19003
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,846.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 76.00400
----------------------------------------------------------------
0 0031341977 MORTGAGORS: SOLOMON SUSAN
REGION CODE ADDRESS : 301 EAST 69TH STREET 4F
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 55,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 55,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 490.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 28.94700
----------------------------------------------------------------
0 0031345705 MORTGAGORS: NAIR KESAV
NAIR SARASWATHI
REGION CODE ADDRESS : 8 MIDDLEBROOK FARM ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,564.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,013.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 51.42800
----------------------------------------------------------------
0 0031346257 MORTGAGORS: SHARPS LEWIS
SHARPS MELANIE
REGION CODE ADDRESS : 426 N. NASSAU AVENUE
01 CITY : MARGATE CITY
STATE/ZIP : NJ 08402
MORTGAGE AMOUNT : 561,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,268.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,121.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 62.33300
----------------------------------------------------------------
0 0031348915 MORTGAGORS: CYKER FREDERICK
CYKER NANCY
REGION CODE ADDRESS : 15 COBTAIL WAY
01 CITY : SIMSBURY
STATE/ZIP : CT 06070
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,405.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 61.34900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,916,000.00
P & I AMT: 17,133.17
UPB AMT: 1,910,085.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031351695 MORTGAGORS: HOFFMAN WILLIAM
HOFFMAN LEE
REGION CODE ADDRESS : 407 AUTUMN LANE
01 CITY : CARLISLE
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,634.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 74.08642
----------------------------------------------------------------
0 0031351935 MORTGAGORS: FRAILEY FREDERICK
BENNETT CATHERINE
REGION CODE ADDRESS : 1323 KIRBY ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,751.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.35900
----------------------------------------------------------------
0 0031352248 MORTGAGORS: MILLER MICHAEL
MILLER NANCY
REGION CODE ADDRESS : 109 OVERLOOK LN
01 CITY : ST. DAVIDS
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 865,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 861,691.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,957.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 70.04000
----------------------------------------------------------------
0 0031352305 MORTGAGORS: CARBAJAL OSCAR
CARBAJAL TORIDIA
REGION CODE ADDRESS : 201 MOORE AVENUE, SE
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,425.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 51.13600
----------------------------------------------------------------
0 0031352958 MORTGAGORS: LANASA JAMES
REGION CODE ADDRESS : 2170 RUE BIENVENUE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70809
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,132.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.32400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,020,050.00
P & I AMT: 18,292.20
UPB AMT: 2,014,051.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031356124 MORTGAGORS: TOWERS EDWARD
TOWERS GRETCHEN
REGION CODE ADDRESS : 1381 CONWAY ROAD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,016.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.86300
----------------------------------------------------------------
0 0031356330 MORTGAGORS: PHILLIPS JOHN
PHILLIPS KATHRYN
REGION CODE ADDRESS : 2791 PUMPHOUSE ROAD
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35243
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 593,143.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,389.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.96200
----------------------------------------------------------------
0 0031356405 MORTGAGORS: MARCAL ADELINO
VALENTIN MARIA
REGION CODE ADDRESS : 30 HOLIDAY DRIVE
01 CITY : FAIRHAVEN
STATE/ZIP : MA 02719
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,087.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 70.08700
----------------------------------------------------------------
0 0031356850 MORTGAGORS: SHANAHAN DENNIS
SHANAHAN MAUREEN
REGION CODE ADDRESS : 2754 WINDY BUSH ROAD
01 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 319,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,602.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,895.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031357197 MORTGAGORS: KELLY KEVIN
KELLY CLAUDIA
REGION CODE ADDRESS : 50 WAWALOAM DRIVE
01 CITY : WESTERLY
STATE/ZIP : RI 02891
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,751.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,623.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,034,600.00
P & I AMT: 18,383.05
UPB AMT: 2,029,584.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031357692 MORTGAGORS: VON SUSKIL KURT
VON SUSKIL DAWN
REGION CODE ADDRESS : 1701 WALL CHURCH ROAD
01 CITY : WALL
STATE/ZIP : NJ 07719
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,040.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.06340
----------------------------------------------------------------
0 0031357734 MORTGAGORS: HOKE JEFFREY
HOKE ELAINE
REGION CODE ADDRESS : 1374 LUKE STREET
01 CITY : NORTH BRUNSWICK
STATE/ZIP : NJ 08902
MORTGAGE AMOUNT : 123,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,120.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.85800
----------------------------------------------------------------
0 0031358245 MORTGAGORS: HOROWITZ DAVID
REGION CODE ADDRESS : 1101 SENECA STREET #1603
01 CITY : SEATTLE
STATE/ZIP : WA 98101
MORTGAGE AMOUNT : 311,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,670.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,844.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031358484 MORTGAGORS: FARROW WILLIAM
FARROW PAULINE
REGION CODE ADDRESS : 27 OAKRIDGE COURT
01 CITY : FOND DU LAC
STATE/ZIP : WI 54935
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,890.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,103.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031359680 MORTGAGORS: GIVEN WILLIAM
GIVEN TOL LEE
REGION CODE ADDRESS : 25530 CRESTFIELD DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 428,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,517.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,795.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,439,150.00
P & I AMT: 12,903.94
UPB AMT: 1,434,727.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031360001 MORTGAGORS: JOYCE KEVERN
JOYCE PAMELA
REGION CODE ADDRESS : 28 BUSH STREET
01 CITY : SOUTH DARTMOUTH
STATE/ZIP : MA 02748
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,931.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,219.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031360647 MORTGAGORS: MIN EDWARD
MIN LYNN
REGION CODE ADDRESS : 145 BRAYMORE CT
01 CITY : INVERNESS
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 572,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,483.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,223.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031360845 MORTGAGORS: LAVERY FRANK
LAVERY MARY
REGION CODE ADDRESS : 73 SPRING DRIVE
01 CITY : FRANKLIN TWP
STATE/ZIP : PA 17019
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,530.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.75800
----------------------------------------------------------------
0 0031363070 MORTGAGORS: CLARK ROBERT
CLARK JANET
REGION CODE ADDRESS : 12 MAHOGANY RUN
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,006.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.74600
----------------------------------------------------------------
0 0031364185 MORTGAGORS: SWENSON GLENN
SWENSON JANET
REGION CODE ADDRESS : 47 ISLAND AVENUE
01 CITY : MADISON
STATE/ZIP : CT 06443
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,885.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,002.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 68.40000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,852,250.00
P & I AMT: 16,808.39
UPB AMT: 1,847,306.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364417 MORTGAGORS: NGUYEN PHUC
BUI HANG
REGION CODE ADDRESS : 785 ARBOLADO DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92635
MORTGAGE AMOUNT : 473,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,400.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,354.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.81500
----------------------------------------------------------------
0 0031367147 MORTGAGORS: CHAN JEFFREY
LAM ALANA
REGION CODE ADDRESS : 1407 STANTON WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 329,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,166.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,959.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031369028 MORTGAGORS: FLATLEY KEVIN
FLATLEY MELINDA
REGION CODE ADDRESS : 6 POND VIEW LANE
01 CITY : HOPEWELL TOWNSHIP
STATE/ZIP : NJ 08560
MORTGAGE AMOUNT : 611,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 608,965.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,280.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 74.06000
----------------------------------------------------------------
0 0031371586 MORTGAGORS: HUFFSTETLER STEVEN
HUFFSTETLER LORI
REGION CODE ADDRESS : 6030 ZINFANDEL DRIVE
01 CITY : SUWANEE
STATE/ZIP : GA 30024
MORTGAGE AMOUNT : 248,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,056.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,219.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 82.95000
----------------------------------------------------------------
0 0031372469 MORTGAGORS: FIORI ROBERT
FIORI KAREN
REGION CODE ADDRESS : 672 HICKORY LANE
01 CITY : BERWYN
STATE/ZIP : PA 19312
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,755.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,936,000.00
P & I AMT: 17,310.93
UPB AMT: 1,927,344.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031372527 MORTGAGORS: SITTENFIELD STEPHEN
SANDLER SUSAN
REGION CODE ADDRESS : 332 CYNWYD ROAD
01 CITY : BALA CYNWYD
STATE/ZIP : PA 19004
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,104.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,647.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.91600
----------------------------------------------------------------
0 0031372857 MORTGAGORS: LIVINGSTON HOWARD
LIVINGSTON KATHLEEN
REGION CODE ADDRESS : 25310 CLEAR VIEW COURT
01 CITY : SAUGUS AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,765.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,651.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031373061 MORTGAGORS: HARBISON MICHAEL
REGION CODE ADDRESS : 1418 LADUE LANE
01 CITY : SARASOTA
STATE/ZIP : FL 34321
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,827.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,532.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031374663 MORTGAGORS: YOON JANE
REGION CODE ADDRESS : 12 HAMMOND PLACE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,072.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,642.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031374689 MORTGAGORS: STRICKLAND JERRY
STRICKLAND CHERYL
REGION CODE ADDRESS : 4030 PORT ROYAL DR
01 CITY : DALLAS
STATE/ZIP : TX 75244
MORTGAGE AMOUNT : 59,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 527.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 38.16100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,150.00
P & I AMT: 13,001.37
UPB AMT: 1,422,919.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031375587 MORTGAGORS: GIBSON PAUL
GIBSON ANNAMARIE
REGION CODE ADDRESS : 11 DOWNINGWOOD DRIVE
01 CITY : FRANKLIN
STATE/ZIP : MA 02038
MORTGAGE AMOUNT : 162,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 162,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,449.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 59.30600
----------------------------------------------------------------
0 0031376395 MORTGAGORS: CARLTON JOHN
CARLTON DEBBIE
REGION CODE ADDRESS : 19750 LITTLEBROOK DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 649,999.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,970.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,887.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 40.62400
----------------------------------------------------------------
0 0031377963 MORTGAGORS: GIRON JOSELITO
GIRON RACHEL
REGION CODE ADDRESS : 6109 ALFA ROAD
01 CITY : DALLAS
STATE/ZIP : TX 75240
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,254.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,669.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031379571 MORTGAGORS: RICHMAN TERRY
RICHMAN THEODOR
REGION CODE ADDRESS : 780 ADMIRALTY WAY
01 CITY : WEBSTER
STATE/ZIP : NY 14580
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,943.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,011.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.00000
----------------------------------------------------------------
0 0031380116 MORTGAGORS: HILDEN ROGER
HILDEN JOANNE
REGION CODE ADDRESS : 14087 FRIDAY LANE
01 CITY : APPLE VALLEY
STATE/ZIP : MN 55124
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,249.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.77400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,673,499.00
P & I AMT: 15,157.26
UPB AMT: 1,667,917.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031381320 MORTGAGORS: CAMPOS CRISANTO
CAMPOS MAIMONIDES
REGION CODE ADDRESS : 2915 GRANADA BLVD.
01 CITY : CORAL GABLES
STATE/ZIP : FL 33134
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,063.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.94900
----------------------------------------------------------------
0 0031381718 MORTGAGORS: SCHNEERSON JOSEPH
SCHNEERSON YEHUDIT
REGION CODE ADDRESS : 364 NORTH FULLER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,136.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,651.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.17500
----------------------------------------------------------------
0 0031382526 MORTGAGORS: LEWRY THOMAS
LEWRY STEPHANIE
REGION CODE ADDRESS : 7 PLEASANT AVENUE
01 CITY : BIDDEFORD
STATE/ZIP : ME 04005
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,697.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 927.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 37.73500
----------------------------------------------------------------
0 0031382583 MORTGAGORS: MESERVE WAYNE
MESERVE MARILYN
REGION CODE ADDRESS : 34 WYNDMOOR DRIVE
01 CITY : MORRIS TOWNSHIP
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,211.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.82100
----------------------------------------------------------------
0 0031382971 MORTGAGORS: TALBOTT J.
TALBOTT KATHLEEN
REGION CODE ADDRESS : 24 STACEY CT
01 CITY : MILLINGTON
STATE/ZIP : NJ 07946
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 156,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,435.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 39.49300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,092,000.00
P & I AMT: 9,977.94
UPB AMT: 1,089,109.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031383052 MORTGAGORS: VAN GLAHN NORMAN
VAN GLAHN LUCINDA
REGION CODE ADDRESS : 302 EASTHAM ROAD
01 CITY : POINT PLEASANT
STATE/ZIP : NJ 08742
MORTGAGE AMOUNT : 153,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,375.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031383466 MORTGAGORS: GUELPH JOHN
GUELPH DENISE
REGION CODE ADDRESS : 141 HILLSIDE DRIVE
01 CITY : BLOOMINGDALE
STATE/ZIP : NJ 07403
MORTGAGE AMOUNT : 69,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 634.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 44.51613
----------------------------------------------------------------
0 0031384100 MORTGAGORS: MINOR CLAUDE
MINOR DOROTHY
REGION CODE ADDRESS : 210 EAST FRENCHMAN'S BEND
01 CITY : MONROE
STATE/ZIP : LA 71203
MORTGAGE AMOUNT : 461,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,778.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,113.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031386675 MORTGAGORS: PAGE THOMAS
OLSEN BONNIE
REGION CODE ADDRESS : 419 OCEAN ONE
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 294,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,437.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,645.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.18100
----------------------------------------------------------------
0 0031387525 MORTGAGORS: ISPASO ROBERT
REGION CODE ADDRESS : 1600 BAYWOOD WAY
01 CITY : SARASOTA
STATE/ZIP : FL 34231
MORTGAGE AMOUNT : 380,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,325.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,473.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.41600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,050.00
P & I AMT: 12,242.34
UPB AMT: 1,353,541.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031387608 MORTGAGORS: ROGREN PHILIP
ROGREN MARY
REGION CODE ADDRESS : 624 SILVER AVENUE
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,842.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,423.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.31900
----------------------------------------------------------------
0 0031387822 MORTGAGORS: GRILLIOT KATHERINE
REGION CODE ADDRESS : 1565 KATHY MARIE CT
01 CITY : BEAVERCREEK
STATE/ZIP : OH 45385
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,047.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,870.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031389620 MORTGAGORS: THOMPSON RICHARD
REGION CODE ADDRESS : 2809 NEW HOPE ROAD
01 CITY : HENDERSONVILLE
STATE/ZIP : TN 37075
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.83500
----------------------------------------------------------------
0 0031389687 MORTGAGORS: ERNST DON
ERNST TERI
REGION CODE ADDRESS : 5882 SALISBURY LANE
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93401
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,905.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,118.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.83300
----------------------------------------------------------------
0 0031390057 MORTGAGORS: MILLER CHARLES
MILLER PEGGY
REGION CODE ADDRESS : 1140 NORTH FAULKNER DRIVE
01 CITY : CLAREMORE
STATE/ZIP : OK 74017
MORTGAGE AMOUNT : 78,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 77,756.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 706.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 44.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,356,000.00
P & I AMT: 12,329.11
UPB AMT: 1,352,551.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031391956 MORTGAGORS: ENGELBERT RICHARD
ENGELBERT JANE
REGION CODE ADDRESS : 730 FONTANA AVENUE
01 CITY : MUNDELEIN
STATE/ZIP : IL 60060
MORTGAGE AMOUNT : 194,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 68.41500
----------------------------------------------------------------
0 0031393069 MORTGAGORS: BAIRD RICHARD
BAIRD DEBORAH
REGION CODE ADDRESS : 12 SPRINGWATER LANE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,240.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.92592
----------------------------------------------------------------
0 0031395114 MORTGAGORS: SIMON ELLEN
REGION CODE ADDRESS : 16 GLENBROOK DRIVE
01 CITY : WHITEPLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,203.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031398704 MORTGAGORS: STEVES SAM
STEVES SARAH
REGION CODE ADDRESS : 330 DEVINE ROAD
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78212
MORTGAGE AMOUNT : 636,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 635,285.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,680.22 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.69000
----------------------------------------------------------------
0 0031398928 MORTGAGORS: GAMBE STEVEN
GAMBE MARGARET
REGION CODE ADDRESS : 55 MEMORY LANE
01 CITY : DENVILLE
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 110,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,004.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 47.21000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,637,200.00
P & I AMT: 14,852.98
UPB AMT: 1,634,826.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031401243 MORTGAGORS: GRADONE DONATO
GRADONE JEAN
REGION CODE ADDRESS : 12 CENTERBOARD
01 CITY : BAYVILLE
STATE/ZIP : NJ 08721
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031401318 MORTGAGORS: KINSLEY DAVID
KINSLEY SHIRLEY
REGION CODE ADDRESS : 43 WINDING LN
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 165,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,471.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 58.92800
----------------------------------------------------------------
0 0031401326 MORTGAGORS: FRANK ROBERT
FRANK MINDY
REGION CODE ADDRESS : 2 JASON COURT
01 CITY : PRINCETON JUNCTION
STATE/ZIP : NJ 08550
MORTGAGE AMOUNT : 288,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,449.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 79.01300
----------------------------------------------------------------
0 0031401409 MORTGAGORS: NAVAS FRANK
NAVAS MARGARITA
REGION CODE ADDRESS : 45 HOLLY STREET
01 CITY : JERSEY CITY
STATE/ZIP : NJ 07305
MORTGAGE AMOUNT : 116,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,047.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 82.04200
----------------------------------------------------------------
0 0031402670 MORTGAGORS: MC CARTHY THOMAS
REGION CODE ADDRESS : 4866 4TH STREET
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 462,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,255.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,191.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.04400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,257,600.00
P & I AMT: 11,228.95
UPB AMT: 1,255,205.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031403801 MORTGAGORS: SHIN MOO
SHIN JOO
REGION CODE ADDRESS : 4742 WESTCHESTER DRIVE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 481,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,913.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,394.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.77100
----------------------------------------------------------------
0 0031404692 MORTGAGORS: NAVALANCE RICHARD
NAVALANCE SOPHIA
REGION CODE ADDRESS : 10 WAGON DRIVE
01 CITY : WILBRAHAM
STATE/ZIP : MA 01095
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,955.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031407307 MORTGAGORS: GRUEDER DOUGLAS
DEANGELIS MARY
REGION CODE ADDRESS : LOT 225, 10 COURT LANE
01 CITY : IPSWICH
STATE/ZIP : MA 01938
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
0 0031407471 MORTGAGORS: LEE YANG
LEE SUEHEI
REGION CODE ADDRESS : 4 OPEN BRAND ROAD
01 CITY : ROLLING HILLS
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 930,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 914,672.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 8,555.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 74.40000
----------------------------------------------------------------
0 0031407810 MORTGAGORS: TING TSE-WU
TING NANCY
REGION CODE ADDRESS : 1121 WHITE CLIFF DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,146.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/12
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.97500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,226,200.00
P & I AMT: 20,373.38
UPB AMT: 2,202,688.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031409030 MORTGAGORS: HALLE JOHN
HALLE BARBARA
REGION CODE ADDRESS : 8528 NW HAZELTINE STREET
01 CITY : PORTLAND
STATE/ZIP : WA 97229
MORTGAGE AMOUNT : 423,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,920.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,869.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031409949 MORTGAGORS: TALBOTT RANDY
TALBOTT SANDRA
REGION CODE ADDRESS : 11 WILDWOOD WAY
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.46900
----------------------------------------------------------------
0 0031410517 MORTGAGORS: MEINHARDT CHARLES
MEINHARDT MARGARET
REGION CODE ADDRESS : 1085 N HULET LANE #1
01 CITY : FLAGSTAFF
STATE/ZIP : AZ 86004
MORTGAGE AMOUNT : 310,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,780.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,814.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031410673 MORTGAGORS: KARIN ROM
KARIN MARDI
REGION CODE ADDRESS : 17110 LOS ROBLES WAY
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 780,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 780,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,065.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 67.82600
----------------------------------------------------------------
0 0031411721 MORTGAGORS: ROSENDAHL ROGER
ROSENDAHL ANDREA
REGION CODE ADDRESS : 3 DUNWOODIE PLACE
01 CITY : CITY OF GREENWICH
STATE/ZIP : CT 06830
MORTGAGE AMOUNT : 987,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 987,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 8,802.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,681,670.00
P & I AMT: 24,195.94
UPB AMT: 2,680,700.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031412877 MORTGAGORS: DARRAH VICTORIA
DARRAH TIMOTHY
REGION CODE ADDRESS : 2990 MARGARET MITCHELL DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 668,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 665,937.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,097.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 78.58800
----------------------------------------------------------------
0 0031413032 MORTGAGORS: RENAUD BARRY
JAROSZ-RENAUD HALINA
REGION CODE ADDRESS : 3569 AVENIDA PANTERA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 496,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,016.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,637.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031413065 MORTGAGORS: FERMELIA DAVID
FERMELIA GRACIE
REGION CODE ADDRESS : 2422 CLAYGATE COURT
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 760,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 757,679.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,991.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 78.35000
----------------------------------------------------------------
0 0031414493 MORTGAGORS: COCHRANE MARTHA
REGION CODE ADDRESS : 57 CIRCUIT AVENUE UNIT#2
01 CITY : NEWTON
STATE/ZIP : MA 02161
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.99 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 60.23600
----------------------------------------------------------------
0 0031416704 MORTGAGORS: DECAMPOS MIGUEL
AIKEN DAWN
REGION CODE ADDRESS : 1241 21ST AVENUE EAST
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 611,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 609,363.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,579.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,735,750.00
P & I AMT: 25,063.17
UPB AMT: 2,727,997.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031417496 MORTGAGORS: HELSABECK DAVID
HELSABECK BARBARA
REGION CODE ADDRESS : 26 SALEM ROAD
01 CITY : NEW PROVIDENCE
STATE/ZIP : NJ 07974
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.12500 PRODUCT CODE : 002
LTV : 69.03225
----------------------------------------------------------------
0 0031418817 MORTGAGORS: GREGOR ANDREW
GREGOR PHYLLIS
REGION CODE ADDRESS : 11 LIGHTHOUSE LANE
01 CITY : GREENWICH
STATE/ZIP : CT 06870
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 508,408.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,619.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 56.04300
----------------------------------------------------------------
0 0031419369 MORTGAGORS: FLEAGLE JOHN
CHICOINE DIANE
REGION CODE ADDRESS : 5299 WATERSTONE DRIVE
01 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 798,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 795,482.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,172.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 63.94200
----------------------------------------------------------------
0 0031423759 MORTGAGORS: HOO JOHN
ROCHE MARIE
REGION CODE ADDRESS : 212 S BRAINARD AVENUE
01 CITY : LA GRANGE,
STATE/ZIP : IL 60525
MORTGAGE AMOUNT : 88,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 88,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,034.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/08
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 25.31428
----------------------------------------------------------------
0 0031423767 MORTGAGORS: BALDWIN BRUCE
BALDWIN SHARON
REGION CODE ADDRESS : 1808 EAST BEECHWOOD DRIVE
01 CITY : LAYTON
STATE/ZIP : UT 84040
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,113.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,572.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,894,600.00
P & I AMT: 17,219.74
UPB AMT: 1,889,604.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031424757 MORTGAGORS: RAND ROBERT
RAND LINDA
REGION CODE ADDRESS : 14465 KILLARNEY DRIVE
01 CITY : MADERA
STATE/ZIP : CA 93638
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,607.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,194.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 48.00000
----------------------------------------------------------------
0 0031424799 MORTGAGORS: LEWIS JAMES
LEWIS DONNA
REGION CODE ADDRESS : 8168 FM 1954, R.3, BOX 537A
01 CITY : WICHITA FALLS
STATE/ZIP : TX 76308
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.17600
----------------------------------------------------------------
0 0031424849 MORTGAGORS: RAND ROBERT
RAND LINDA
REGION CODE ADDRESS : 38798 ROAD 274
01 CITY : BASS LAKE
STATE/ZIP : CA 93604
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,764.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.47000
----------------------------------------------------------------
0 0031426703 MORTGAGORS: PIERRE-LOUIS ENOLD
PIERRE-LOUIS PATRICIA
REGION CODE ADDRESS : 2218 MARSHALLFIELD LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,113.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.71010
----------------------------------------------------------------
0 0031428048 MORTGAGORS: STARK MURRAY
STARK ILSE
REGION CODE ADDRESS : 28 EAST HOLLOW ROAD
01 CITY : EAST HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 797,503.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,246.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 44.44400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,031,000.00
P & I AMT: 18,474.63
UPB AMT: 2,024,988.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031429129 MORTGAGORS: FURDA ROBERT
KREITZER JONI
REGION CODE ADDRESS : 728 W. JACKSON BLVD # 507
01 CITY : CHICAGO
STATE/ZIP : IL 60661
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031429590 MORTGAGORS: BERGENFIELD GLENN
BERGENFIELD JO
REGION CODE ADDRESS : 55 BALDWIN LN
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 554,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,018.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.25000
----------------------------------------------------------------
0 0031429707 MORTGAGORS: FINE MITCHEL
FINE HOLLIE
REGION CODE ADDRESS : 1989 NE 119 ROAD
01 CITY : NORTH MIAMI
STATE/ZIP : FL 33181
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,858.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,662.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 70.27000
----------------------------------------------------------------
0 0031430291 MORTGAGORS: TEDLA ASHENAFI
TEDLA EMEBET
REGION CODE ADDRESS : 16790 ALITA DRIVE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92504
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,073.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,690.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031431133 MORTGAGORS: WILSON FELIX
WILSON YOOSHIN
REGION CODE ADDRESS : 9615 LUBEC STREET
01 CITY : DOWNEY
STATE/ZIP : CA 90240
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,104.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,414.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 71.27200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,093,000.00
P & I AMT: 18,597.24
UPB AMT: 2,086,036.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031431703 MORTGAGORS: HUG MARK
HUG KATHERINE
REGION CODE ADDRESS : 205 HARDSCRABBLE ROAD
01 CITY : NORTH SALEM
STATE/ZIP : NY 10560
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,148.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,780.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031433451 MORTGAGORS: ANDREWS ALVIN
ANDREWS CYNTHIA
REGION CODE ADDRESS : 220 AUDUBON BLVD
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70118
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,778.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,679.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031434194 MORTGAGORS: KATONA CYNTHIA
REGION CODE ADDRESS : 80 RAVINE DRIVE
01 CITY : COLONIA
STATE/ZIP : NJ 07067
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,272.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 45.27200
----------------------------------------------------------------
0 0031437825 MORTGAGORS: KIM EDWARD
KIM DANIEL
REGION CODE ADDRESS : 4536 WILSHIRE BLVD UNIT 104
01 CITY : LOS ANGELES
STATE/ZIP : CA 90010
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,154.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,595.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031438591 MORTGAGORS: NEAL MARTIN
NEAL REGYE
REGION CODE ADDRESS : 18419 E AGUA VERDE DRIVE
01 CITY : RIO VERDE
STATE/ZIP : AZ 85263
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,024.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,884.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.14500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,200.00
P & I AMT: 14,302.21
UPB AMT: 1,559,378.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031439037 MORTGAGORS: GARBER LOIS
REGION CODE ADDRESS : 543 SUSSEX RD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,696.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,511.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 86.95600
----------------------------------------------------------------
0 0031440449 MORTGAGORS: ADAMS GEOFFREY
ADAMS SUSAN
REGION CODE ADDRESS : 20 MAYWOOD WAY
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,110.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,488.28 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.46753
----------------------------------------------------------------
0 0031440753 MORTGAGORS: LIMPERT JONATHAN
REGION CODE ADDRESS : 696 OAK STREET
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,113.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,572.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031441470 MORTGAGORS: CHANDRA SHAILESH
CHANDRA SHUBHRA
REGION CODE ADDRESS : 4 CONESTOGA ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0031442940 MORTGAGORS: MANICA KEITH
ARONSON LYNNE
REGION CODE ADDRESS : 2095 SIMMS STREET
01 CITY : LAKEWOOD
STATE/ZIP : CO 80215
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,209.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,459,000.00
P & I AMT: 13,016.95
UPB AMT: 1,455,129.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031443104 MORTGAGORS: CHUNG MICHAEL
REGION CODE ADDRESS : 2300 MAPLE AVE #171
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,251.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031443427 MORTGAGORS: MELIKA MORAD
SMITH-MELIKA LEAH
REGION CODE ADDRESS : 2533 GRANVILLE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,694.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 919.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 40.00000
----------------------------------------------------------------
0 0031444441 MORTGAGORS: FINE RHONDA
REGION CODE ADDRESS : 13255 BISCAYNE BAY DRIVE
01 CITY : NORTH MIAMI
STATE/ZIP : FL 33181
MORTGAGE AMOUNT : 400,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,541.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 53.36000
----------------------------------------------------------------
0 0031445208 MORTGAGORS: GEORGE JEANNE
REGION CODE ADDRESS : 346 HUNTINGTON LN
01 CITY : ELMHURST
STATE/ZIP : IL 60126
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,095.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 51.06300
----------------------------------------------------------------
0 0031445216 MORTGAGORS: CARTER ALBERT
CARTER ELIZABETH
REGION CODE ADDRESS : 213 STOCKLEY ST
01 CITY : REHOBETH BEACH
STATE/ZIP : DE 19971
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,113,800.00
P & I AMT: 9,978.38
UPB AMT: 1,112,745.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031446610 MORTGAGORS: MUELLER JONATHAN
REGION CODE ADDRESS : 70 LOPEZ AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 566,583.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,324.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031448632 MORTGAGORS: GILBERT RICHARD
GILBERT SUSAN
REGION CODE ADDRESS : 1357 ASBURY AVENUE
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,423.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.75400
----------------------------------------------------------------
0 0031448780 MORTGAGORS: URIAS JOSEPH
URIAS SHARON
REGION CODE ADDRESS : 330 MILLBROOK COURT
01 CITY : VACAVILLE
STATE/ZIP : CA 95687
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 124,609.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,132.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.61700
----------------------------------------------------------------
0 0031449663 MORTGAGORS: KAHN JAMES
KAHN DIANA
REGION CODE ADDRESS : 12201 SW 100TH STREET
01 CITY : MIAMI
STATE/ZIP : FL 33186
MORTGAGE AMOUNT : 274,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,720.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031450554 MORTGAGORS: MYERSCOUGH DAVID
MYERSCOUGH DOLORES
REGION CODE ADDRESS : 49-6 INDIAN HARBOR DRIVE
01 CITY : GREENWICH
STATE/ZIP : CT 06830
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,053.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.36400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,550.00
P & I AMT: 15,121.68
UPB AMT: 1,638,968.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031450604 MORTGAGORS: WARREN EUGENE
WARREN LAURA
REGION CODE ADDRESS : 3215 WOOD VALLEY RD
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,075.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,586.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 56.86200
----------------------------------------------------------------
0 0031451461 MORTGAGORS: MI JASON
MI JENNY
REGION CODE ADDRESS : 288 HOMER STREET
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 155,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,008.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,397.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 43.19400
----------------------------------------------------------------
0 0031452105 MORTGAGORS: BERNARDI KAREN
BERNARDI MARC
REGION CODE ADDRESS : 1966 HARDSCRABBLE PLACE
01 CITY : BOULDER
STATE/ZIP : CO 80303
MORTGAGE AMOUNT : 400,568.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,276.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,544.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.54200
----------------------------------------------------------------
0 0031455256 MORTGAGORS: ROSE DOYLE
ROSE KIMBERLY
REGION CODE ADDRESS : 3232 OAKDELL LANE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 542,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 542,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,833.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 58.59400
----------------------------------------------------------------
0 0031457815 MORTGAGORS: SMITH THOMAS
SMITH CAROLYN
REGION CODE ADDRESS : 15514 MEHERRIN DRIVE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 243,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,798.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.59400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,618.00
P & I AMT: 14,585.87
UPB AMT: 1,628,158.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031458979 MORTGAGORS: HOFFMAN DARYL
HOFFMAN SUSAN
REGION CODE ADDRESS : 135 LAUREL STREET
01 CITY : ATHERTON
STATE/ZIP : CA 94027
MORTGAGE AMOUNT : 639,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,005.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,788.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 45.64285
----------------------------------------------------------------
0 0031462294 MORTGAGORS: SOKOL THOMAS
SOKOL LENORE
REGION CODE ADDRESS : 9855 SAN CIRCLE
01 CITY : BEVERLY HILLS AREA
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 680,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 680,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,207.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 53.54300
----------------------------------------------------------------
0 0031462518 MORTGAGORS: JERGENS MARK
JERGENS MIMI
REGION CODE ADDRESS : 4122 UNIVERSITY BLVD
01 CITY : WEST UNIVERSITY PLACE
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,249.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,862.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031463102 MORTGAGORS: SHULTZ MICHAEL
SHULTZ CATHERINE
REGION CODE ADDRESS : 120 MARKET STREET
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 263,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,351.38 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.54400
----------------------------------------------------------------
0 0031463763 MORTGAGORS: GRIFFITH MICHAEL
GRIFFITH SARA
REGION CODE ADDRESS : 48540 CAPISTRANO WAY
01 CITY : LA QUINTA
STATE/ZIP : CA 92253
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,650.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,376.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.13100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,160,350.00
P & I AMT: 19,586.72
UPB AMT: 2,156,555.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031465859 MORTGAGORS: YOUNAN BAHIJ
YOUNAN NAWAL
REGION CODE ADDRESS : 11908 DARBY AVENUE
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,949.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,164.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.66600
----------------------------------------------------------------
0 0031466105 MORTGAGORS: LONG MARION
LONG MARY
REGION CODE ADDRESS : 6355 EARNEST ROBINSON ROAD
01 CITY : ORLEAN
STATE/ZIP : VA 20128
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.19 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031466113 MORTGAGORS: LYKISSA ERNEST
LYKISSA LORETTA
REGION CODE ADDRESS : 109 PINE POINT COURT
01 CITY : LEAGUE CITY
STATE/ZIP : TX 77573
MORTGAGE AMOUNT : 238,049.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,297.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.93900
----------------------------------------------------------------
0 0031466618 MORTGAGORS: FORSYTH DONALD
FORSYTH SHELLEY
REGION CODE ADDRESS : 11957 WEST 75TH LANE
01 CITY : ARVADA
STATE/ZIP : CO 80005
MORTGAGE AMOUNT : 249,834.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,045.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.87200
----------------------------------------------------------------
0 0031469430 MORTGAGORS: DARGIE WILLIAM
DARGIE JO
REGION CODE ADDRESS : 644 TULARE STREET
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,174.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,326,283.00
P & I AMT: 11,941.33
UPB AMT: 1,322,868.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031471360 MORTGAGORS: FAN SAMUEL
FAN ROBIN
REGION CODE ADDRESS : 32 QUIDNIC RD
01 CITY : NEWTON
STATE/ZIP : MA 02168
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,871.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,097.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 41.17600
----------------------------------------------------------------
0 0031471758 MORTGAGORS: WALSTEDT RUSSELL
BARCEVAC BETTY
REGION CODE ADDRESS : 135 WEST BROAD STREET
01 CITY : HOPEWELL
STATE/ZIP : NJ 08525
MORTGAGE AMOUNT : 103,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 897.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 44.01700
----------------------------------------------------------------
0 0031471865 MORTGAGORS: LUCCHESI FRANK
LUCCHESI LINDA
REGION CODE ADDRESS : 114 PADDOCK DRIVE
01 CITY : COLUMBUS
STATE/ZIP : NJ 08022
MORTGAGE AMOUNT : 173,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 173,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 05/01/08
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 50.88200
----------------------------------------------------------------
0 0031473754 MORTGAGORS: RANICK CHRISTOPHER
RANICK MARCELLA
REGION CODE ADDRESS : 4777 STAVANGER LANE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,179.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.36200
----------------------------------------------------------------
0 0031473903 MORTGAGORS: UNTERBERGER HOWARD
ZINMAN MARJORIE
REGION CODE ADDRESS : 3337 KEESHEN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,833.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,450.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,264,000.00
P & I AMT: 11,724.46
UPB AMT: 1,260,884.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031474075 MORTGAGORS: KUBANIS PATRICIA
REGION CODE ADDRESS : 4 BUENA VISTA
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 333,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,160.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,018.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.14700
----------------------------------------------------------------
0 0031474570 MORTGAGORS: MONHEIT MICHAEL
MONHEIT MARCY
REGION CODE ADDRESS : 1368 BARROWDALE ROAD
01 CITY : RYDAL
STATE/ZIP : PA 19046
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,645.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.87100
----------------------------------------------------------------
0 0031474828 MORTGAGORS: CARROLL EDWARD
CARROLL NADINE
REGION CODE ADDRESS : 5111 EAST CALLE BRILLANTE
01 CITY : TUCSON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.15500
----------------------------------------------------------------
0 0031476062 MORTGAGORS: JONES CHARLES
JONES EMILY
REGION CODE ADDRESS : 14055 BANDED RACOON DRIVE
01 CITY : PALM BEACH GARDENS
STATE/ZIP : FL 33418
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,550.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.35200
----------------------------------------------------------------
0 0031477102 MORTGAGORS: PRISH ALAN
PRISH LINDA
REGION CODE ADDRESS : 9121 REALES STREET
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91737
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,121.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,013.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,600.00
P & I AMT: 14,748.99
UPB AMT: 1,636,831.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031477367 MORTGAGORS: ROUHANI SIAMAK
REGION CODE ADDRESS : 19690 INDIAN SUMMER LANE
01 CITY : MONUMENT
STATE/ZIP : CO 80132
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,188.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031477516 MORTGAGORS: EMMERICH JAMES
EMMERICH MARY
REGION CODE ADDRESS : 4405 SW APPLETREE PLACE
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 115,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 114,832.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,027.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031479215 MORTGAGORS: SCHUBACH WILLIAM
KEEGAN KATHLEEN
REGION CODE ADDRESS : 5812 WEST MERCER WAY
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,891.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 52.52000
----------------------------------------------------------------
0 0031479314 MORTGAGORS: OCHIPINTI ROBERT
OCHIPINTI PAULA
REGION CODE ADDRESS : 3 HILL OAK COMMONS
01 CITY : CHICO
STATE/ZIP : CA 95928
MORTGAGE AMOUNT : 362,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,105.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,157.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 76.31500
----------------------------------------------------------------
0 0031482888 MORTGAGORS: DING CHARLES
DING MICHELLE
REGION CODE ADDRESS : 40 MARION DRIVE
01 CITY : PLAINSBORO
STATE/ZIP : NJ 08536
MORTGAGE AMOUNT : 110,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,277.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/08
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 44.89700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,170,700.00
P & I AMT: 10,698.24
UPB AMT: 1,164,018.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031485550 MORTGAGORS: LI ZHIBO
LE YIENG HC
REGION CODE ADDRESS : 2509 WINDSOR PLACE
01 CITY : ROWLAND HEIGHTS AREA
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 295,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,027.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.90600
----------------------------------------------------------------
0 0031485998 MORTGAGORS: DAVIES REID
DAVIES PATRICA
REGION CODE ADDRESS : 3261 MORTIZ DR #19
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,113.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 59.78200
----------------------------------------------------------------
0 0031486053 MORTGAGORS: SAHA BIKASH
SAHA SABITA
REGION CODE ADDRESS : 7500 STONEY POINT DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,378.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.75700
----------------------------------------------------------------
0 0031489008 MORTGAGORS: SHOEMAKER RICHARD
SHOEMAKER DENISE
REGION CODE ADDRESS : 4155 DAVANA STREET
01 CITY : SHERMAN OAKS AREA
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,832.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,325.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 49.59700
----------------------------------------------------------------
0 0031489636 MORTGAGORS: CARKHUFF MAYNARD
CARKHUFF SHERRI
REGION CODE ADDRESS : 2081 FAIRWEATHER ROAD
01 CITY : SANTA ANA AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,895.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,145.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.46800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,554,100.00
P & I AMT: 13,948.86
UPB AMT: 1,548,247.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031489990 MORTGAGORS: FLORES THEODORE
FLORES IDA
REGION CODE ADDRESS : 11215 RAMWAY ROAD
01 CITY : RIVERSIDE
STATE/ZIP : CA 92505
MORTGAGE AMOUNT : 106,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 106,064.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 956.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031490196 MORTGAGORS: ROSE NINA
ROSE DENNIS
REGION CODE ADDRESS : 3080 SOUTH NEWCOMBE WAY
01 CITY : LAKEWOOD
STATE/ZIP : CO 80227
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,722.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,640.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.64077
----------------------------------------------------------------
0 0031491442 MORTGAGORS: LEMON C
MC DONALD MARY
REGION CODE ADDRESS : 3123 DRY CREEK ROAD
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 582,580.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,409.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.20000
----------------------------------------------------------------
0 0031493323 MORTGAGORS: APOSTOLES PETER
MOSS C
REGION CODE ADDRESS : 3214 DEERFIELD COURT
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,329.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031493364 MORTGAGORS: BERNSTEIN RONALD
BERNSTEIN ANN
REGION CODE ADDRESS : 218 DONCASTER ROAD
01 CITY : ARNOLD
STATE/ZIP : MD 21012
MORTGAGE AMOUNT : 475,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,192.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,271.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,838,600.00
P & I AMT: 16,649.92
UPB AMT: 1,826,889.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031493380 MORTGAGORS: DONAHUE DENNIS
DONAHUE DENISE
REGION CODE ADDRESS : 207 JO DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,804.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,690.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031493430 MORTGAGORS: DURONIO CAROLYN
REGION CODE ADDRESS : 255 SWEET GUM ROAD
01 CITY : PITTSBURGH
STATE/ZIP : PA 15238
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,159.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,663.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.45900
----------------------------------------------------------------
0 0031493455 MORTGAGORS: KLUGMAN ADAM
KLUGMAN VANESSA
REGION CODE ADDRESS : 538 ASHLAND AVENUE
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,462.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,672.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.04500
----------------------------------------------------------------
0 0031493471 MORTGAGORS: KOCH JAMES
KOCH KATHLEEN
REGION CODE ADDRESS : 4429 KENDALE ROAD
01 CITY : HIGH POINT
STATE/ZIP : NC 27265
MORTGAGE AMOUNT : 448,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,693.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,002.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.48100
----------------------------------------------------------------
0 0031493513 MORTGAGORS: LANE SEAN
LANE JENNIFER
REGION CODE ADDRESS : 21267 SMOKEHOUSE COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,344.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.76900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,586,250.00
P & I AMT: 14,293.71
UPB AMT: 1,573,464.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031493547 MORTGAGORS: MCCONNELL ROBERT
MCCONNELL CAROLYN
REGION CODE ADDRESS : 13561 CASABLANCA COURT
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,077.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,534.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 72.75000
----------------------------------------------------------------
0 0031493570 MORTGAGORS: MOSS JOSEPH
MOSS ALECIA
REGION CODE ADDRESS : 1110 CHAUCER DRIVE
01 CITY : GREENSBURG
STATE/ZIP : PA 15601
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,860.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.92200
----------------------------------------------------------------
0 0031493588 MORTGAGORS: MYERS HOWARD
MYERS MOLLY
REGION CODE ADDRESS : 10856 MEADOWLAND DRIVE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,737.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,503.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.30900
----------------------------------------------------------------
0 0031493620 MORTGAGORS: ROTH GEORGE
ROTH ALEDA
REGION CODE ADDRESS : 4008 COVILLE RD
01 CITY : DURHAM
STATE/ZIP : NC 27707
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,354.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,642.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031493653 MORTGAGORS: YAVALAR HAKAN
REGION CODE ADDRESS : 1104 N RANDOLPH ST
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,765.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.66 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,250.00
P & I AMT: 12,726.72
UPB AMT: 1,418,796.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031494131 MORTGAGORS: DALE RALPH
DALE TREVA
REGION CODE ADDRESS : 1685 GREENE RIDGE DRIVE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60565
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 52.83900
----------------------------------------------------------------
0 0031495005 MORTGAGORS: SWARTZ ANDREW
SWARTZ CAROL
REGION CODE ADDRESS : 871 MESA ROAD
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 35.25000
----------------------------------------------------------------
0 0031495567 MORTGAGORS: KITAY DAVID
KITAY DEBORAH
REGION CODE ADDRESS : 2063 ROSCOMARE ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,277.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.80900
----------------------------------------------------------------
0 0031501448 MORTGAGORS: FLORES DAVID
FLORES ALEXANDRA
REGION CODE ADDRESS : 712 PRITCHARD COURT
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,375.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.57100
----------------------------------------------------------------
0 0031501513 MORTGAGORS: BELARDINELLI PETER
BELARDINELLI DAWN
REGION CODE ADDRESS : 52 CERVANTES BLVD
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,901.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,958.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 39.83400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,000.00
P & I AMT: 13,989.70
UPB AMT: 1,549,276.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031504863 MORTGAGORS: SHIELDS J
SHIELDS SHERRY
REGION CODE ADDRESS : 974 ROLLING WOODS WAY
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,188.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,355.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.25200
----------------------------------------------------------------
0 0031504954 MORTGAGORS: BADAVAS CHARLES
BADAVAS NANCY
REGION CODE ADDRESS : 129 HILL STREET
01 CITY : TOPSFIELD
STATE/ZIP : MA 01983
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031505829 MORTGAGORS: HAMPSHIRE RUSSELL
HAMPSHIRE ELIZABETH
REGION CODE ADDRESS : 19689 HORACE ST
01 CITY : CHATSWORTH
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,456.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,564.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031505985 MORTGAGORS: WHITFIELD GARY
WHITFIELD BARBARA
REGION CODE ADDRESS : 8529 CLEARBROOK DRIVE
01 CITY : FT WORTH
STATE/ZIP : TX 76123
MORTGAGE AMOUNT : 96,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,703.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 654.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031508419 MORTGAGORS: SUTTON JOHN
SUTTON SHEILA
REGION CODE ADDRESS : 2397 2ND AVE
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,565.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,386,400.00
P & I AMT: 12,379.70
UPB AMT: 1,382,914.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031508765 MORTGAGORS: WHELTON PAUL
WHELTON SHELAGH
REGION CODE ADDRESS : 440 WALNUT STREET
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70118
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,494.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0031509524 MORTGAGORS: HIGGINS DUNCAN
REGION CODE ADDRESS : 34 LAGOON VISTA
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,694.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 45.70100
----------------------------------------------------------------
0 0031509565 MORTGAGORS: BALASUBRAMANIAN PALANIAPPAN
BALASUBRAMANIAN MARAGADHAMBIGAI
REGION CODE ADDRESS : 21856 DOLORES AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 521,677.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,718.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.25300
----------------------------------------------------------------
0 0031511512 MORTGAGORS: HENRY DAVID
BURROUGHS BARBARA
REGION CODE ADDRESS : 8521 SONOMA AVENUE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 267,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,932.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031511645 MORTGAGORS: HAMASHIMA KENJI
HAMASHIMA HIDEKO
REGION CODE ADDRESS : 2925 NORTH WESTON STREET
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,105.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.48400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,880,250.00
P & I AMT: 17,033.52
UPB AMT: 1,875,304.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031511660 MORTGAGORS: WILLIAMS MARK
REGION CODE ADDRESS : 4555 OPAL STREET
01 CITY : CAPITOLA
STATE/ZIP : CA 95010
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,531.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,358.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.52300
----------------------------------------------------------------
0 0031511959 MORTGAGORS: LEOUNG GIFFORD
KIONG MEE
REGION CODE ADDRESS : 161 SAN ALESO AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0031513666 MORTGAGORS: SHUPACK JEROME
SHUPACK ANA
REGION CODE ADDRESS : 29 KILTIE DRIVE
01 CITY : NEW HOPE
STATE/ZIP : PA 18938
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031513765 MORTGAGORS: GRINER RICHARD
BARRINGER-GRINER JANICE
REGION CODE ADDRESS : 12 PRESTON COURT #2
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,327.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,231.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031514201 MORTGAGORS: SILVAS JOSE
SILVAS CHRISTY
REGION CODE ADDRESS : 18012 NORTHEAST 12TH PLACE
01 CITY : BELLEVUE
STATE/ZIP : WA 98008
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,172.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 89.12280
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,584,000.00
P & I AMT: 14,355.25
UPB AMT: 1,581,031.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031514359 MORTGAGORS: ROBINSON EDWIN
ROBINSON PATRICIA
REGION CODE ADDRESS : 16351 BROOKSTONE CIRCLE
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,052.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.98600
----------------------------------------------------------------
0 0031515125 MORTGAGORS: SMITH KENNETH
SMITH ELFRIEDE
REGION CODE ADDRESS : 19452 IRONWOOD LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,951.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,043.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.20000
----------------------------------------------------------------
0 0031515265 MORTGAGORS: WARREN TIMOTHY
WARREN ANN
REGION CODE ADDRESS : 25941 FARM VIEW CIRCLE
01 CITY : LAKE BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,816.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,370.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031515380 MORTGAGORS: O'HEARN DANIEL
O'HEARN MARY
REGION CODE ADDRESS : #15 OASIS AVENUE
01 CITY : ODESSA
STATE/ZIP : TX 79765
MORTGAGE AMOUNT : 463,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,132.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,226.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.15100
----------------------------------------------------------------
0 0031515497 MORTGAGORS: GROSSHANDLER HEDY
MUNOZ BARBARA
REGION CODE ADDRESS : 5613 LA PAZ STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,951.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,043.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,746,800.00
P & I AMT: 15,812.78
UPB AMT: 1,739,905.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031516107 MORTGAGORS: LABBE DENISE
REGION CODE ADDRESS : 2933 CORTE PORTOFINO
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,083.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------
0 0031516560 MORTGAGORS: HEIFETZ RICHARD
HEIFETZ LESLIE
REGION CODE ADDRESS : 102 HARWICH ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,621.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.02500
----------------------------------------------------------------
0 0031518947 MORTGAGORS: KUSHNER CYNTHIA
REGION CODE ADDRESS : 10225 E JOY RANCH RD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 351,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,003.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 48.78400
----------------------------------------------------------------
0 0031519010 MORTGAGORS: D'ALLURA PAUL
REGION CODE ADDRESS : 2643 WEST ROME AVENUE
01 CITY : ANAHEIM
STATE/ZIP : CA 92804
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,177.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,168.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.75460
----------------------------------------------------------------
0 0031523806 MORTGAGORS: LEE TEH-HSUANG
LEE DOROTHY
REGION CODE ADDRESS : 928 ANATRA COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 296,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,701.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,543.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,950.00
P & I AMT: 12,226.65
UPB AMT: 1,357,965.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031523905 MORTGAGORS: WONG NORMAN
WONG ELIZABETH
REGION CODE ADDRESS : 601 15TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,879.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.40000
----------------------------------------------------------------
0 0031523988 MORTGAGORS: WILCOX DANIEL
WILCOX JUDY
REGION CODE ADDRESS : 8025 SW WINCHESTER WAY
01 CITY : WILSONVILLE
STATE/ZIP : OR 97070
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,386.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031524044 MORTGAGORS: LATCHFORD ROBERT
LATCHFORD LORRAINE
REGION CODE ADDRESS : 3048 WHISPERING CREST DRIVE
01 CITY : HENDERSON
STATE/ZIP : NV 89012
MORTGAGE AMOUNT : 246,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,625.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99539
----------------------------------------------------------------
0 0031526197 MORTGAGORS: SWAIN SCOTT
REGION CODE ADDRESS : 3813 SANTA RITA DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94519
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,684.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 898.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031526221 MORTGAGORS: BOBELA MAREK
BOBELA IWONA
REGION CODE ADDRESS : 2010 WALNUT STREET
01 CITY : PARK RIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,326.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,632.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,242,350.00
P & I AMT: 11,261.54
UPB AMT: 1,236,902.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031526387 MORTGAGORS: ZOBEL RALPH
ZOBEL KATHLEEN
REGION CODE ADDRESS : 7901 ERB WAY
01 CITY : TRACEY AREA
STATE/ZIP : CA 95376
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,224.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.21 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.31302
----------------------------------------------------------------
0 0031526445 MORTGAGORS: ONDER BAHA
ONDER SEVIM
REGION CODE ADDRESS : 28761 HIDDEN TRAIL
01 CITY : FARMINGTON HILLS
STATE/ZIP : MI 48331
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,138.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031526536 MORTGAGORS: GOUD NAGANA
GOUD RAJESWARI
REGION CODE ADDRESS : 28819 COVECREST DR
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 423,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,708.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,891.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.50000
----------------------------------------------------------------
0 0031527443 MORTGAGORS: BADGER RODGER
BADGER SYBIL
REGION CODE ADDRESS : 24248 SPRINGWOOD DRIVE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,172.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,635.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031527526 MORTGAGORS: BOUGIE GLENN
BOUGIE ROBIN
REGION CODE ADDRESS : 178 WENTWORTH DRIVE
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,376.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.61800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,485,500.00
P & I AMT: 13,524.66
UPB AMT: 1,481,744.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031527591 MORTGAGORS: ROSE VIRGINIA
ROSE BRUCE
REGION CODE ADDRESS : 14 BONWIT ROAD
01 CITY : RIVERSIDE
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 286,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,406.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 79.10200
----------------------------------------------------------------
0 0031531767 MORTGAGORS: CHANEY MICHAEL
REGION CODE ADDRESS : 709 MUSTANG CIRCLE
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 372,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,374.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.95200
----------------------------------------------------------------
0 0031533011 MORTGAGORS: MONTEROSSO RICHARD
FOX MARY
REGION CODE ADDRESS : 178 WESTLAND AVENUE
01 CITY : WEST HARTFORD
STATE/ZIP : CT 06107
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,037.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031533508 MORTGAGORS: SABATINO PATRICK
GEORGE-SABATINO BARBARA
REGION CODE ADDRESS : 21 HIGH CLIFF TERRACE
01 CITY : POUND RIDGE
STATE/ZIP : NY 10576
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,765.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.04500
----------------------------------------------------------------
0 0031534324 MORTGAGORS: KOWNACKI JOSEPH
KOWNACKI MICHELE
REGION CODE ADDRESS : 1891 GAMAY TERRACE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91913
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,043.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,374,850.00
P & I AMT: 12,346.36
UPB AMT: 1,372,949.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031534340 MORTGAGORS: PARKS JOHN
PARKS MICHELLE
REGION CODE ADDRESS : 4214 STALWART DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,069.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,855.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.21300
----------------------------------------------------------------
0 0031534381 MORTGAGORS: KENTON RICHARD
KENTON TAMARA
REGION CODE ADDRESS : 2906 CARTA TAZA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,243.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.82000
----------------------------------------------------------------
0 0031537020 MORTGAGORS: SIMSUANGCO BASIL
SIMSAUNGCO RUTH
REGION CODE ADDRESS : 7625 ADELANTO DRIVE
01 CITY : BUENA PARK
STATE/ZIP : CA 90621
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,425.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031539703 MORTGAGORS: ARBER DANIEL
ARBER JANET
REGION CODE ADDRESS : 1844 NORTH SANTA ANITA AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,337.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,597.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.80000
----------------------------------------------------------------
0 0031542285 MORTGAGORS: MOREY JAMES
MOREY CLAIRE
REGION CODE ADDRESS : 6931 EAST COUNTRY CLUB LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,046.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,820.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.22800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,333,200.00
P & I AMT: 12,114.89
UPB AMT: 1,328,122.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031543804 MORTGAGORS: SHAFTON ANTHONY
SHAFTON SANDRA
REGION CODE ADDRESS : 5115 KELI COURT
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,975.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031545361 MORTGAGORS: BIRER STEVEN
BIRER KATHRYN
REGION CODE ADDRESS : 9 SAGEBRUSH COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,201.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,123.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.27900
----------------------------------------------------------------
0 0031545627 MORTGAGORS: MAZAREI ALI
MAZAREI MINOO
REGION CODE ADDRESS : 19357 LEMMER DRIVE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 462,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,604.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,282.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.95600
----------------------------------------------------------------
0 0031545635 MORTGAGORS: MILLER PAUL
MILLER CORINNE
REGION CODE ADDRESS : 2131 YUCCA AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,168.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,238.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 52.04000
----------------------------------------------------------------
0 0031546658 MORTGAGORS: DJAHANGIRY BAHMAN
DJAHANGIRY MAHNAZ
REGION CODE ADDRESS : 5680 SMOKEY MOUNTAIN WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,517.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,302.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.03940
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,090,500.00
P & I AMT: 18,923.38
UPB AMT: 2,084,992.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031549504 MORTGAGORS: ABRAMOWITZ RICHARD
ABRAMOWITZ MARCI
REGION CODE ADDRESS : 509 BOWNE RD
01 CITY : OCEAN
STATE/ZIP : NJ 07712
MORTGAGE AMOUNT : 207,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.72900
----------------------------------------------------------------
0 0031549520 MORTGAGORS: HOGANSON NEAL
HOGANSON JILL
REGION CODE ADDRESS : 4035 STILLFOREST
01 CITY : COLLEGE STATION
STATE/ZIP : TX 77845
MORTGAGE AMOUNT : 299,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,774.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,735.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.32900
----------------------------------------------------------------
0 0031549553 MORTGAGORS: SCHWARZ AUDRI
REGION CODE ADDRESS : 5621 BARTLETT BLVD
01 CITY : MOUND
STATE/ZIP : MN 55364
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,091.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,156.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031551278 MORTGAGORS: VAN SLYKE PAUL
VAN SLYKE DARLENE
REGION CODE ADDRESS : 4382 MAHOGANY CIRCLE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,203.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,891.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031551336 MORTGAGORS: BARTH MICHAEL
BARTH HONEYA
REGION CODE ADDRESS : 29 SWEETBAY ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,564.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,089.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,100.00
P & I AMT: 14,763.26
UPB AMT: 1,627,635.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031552532 MORTGAGORS: GUICHET NILES
GUICHET EMILY
REGION CODE ADDRESS : 100 STRADA PLACE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,979.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 250
LTV : 72.22200
----------------------------------------------------------------
0 0031552615 MORTGAGORS: TOAL MICHAEL
TOAL BETH
REGION CODE ADDRESS : 10901 FLINTROCK DRIVE
01 CITY : BOISE
STATE/ZIP : ID 83704
MORTGAGE AMOUNT : 72,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 72,562.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 639.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031553183 MORTGAGORS: SMITH ALAN
SMITH ANDREA
REGION CODE ADDRESS : 6310 BERRYBUSH COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,202.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.46982
----------------------------------------------------------------
0 0031554249 MORTGAGORS: PLATIN JANET
PLATIN JOSEPH
REGION CODE ADDRESS : 230 ALTA VISTA DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 317,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,876.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.02100
----------------------------------------------------------------
0 0031554793 MORTGAGORS: CHEN STEPHEN
CHEN LOUISA
REGION CODE ADDRESS : 12 FOREST WAY
01 CITY : MORRIS PLAINS
STATE/ZIP : NJ 07950
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,053.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.81500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,300.00
P & I AMT: 14,420.82
UPB AMT: 1,588,318.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031554801 MORTGAGORS: BACON DOUGLAS
BACON RINETTE
REGION CODE ADDRESS : 11301 WOODBROOK LANE
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 329,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,414.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,961.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.40045
----------------------------------------------------------------
0 0031554819 MORTGAGORS: POND FLOYD
POND KATHLEEN
REGION CODE ADDRESS : 3 CORMAC COURT
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,098.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/08
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 53.79300
----------------------------------------------------------------
0 0031554835 MORTGAGORS: LANE PAUL
LANE JULIE
REGION CODE ADDRESS : 5205 WESTPATH WAY
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,417.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.43200
----------------------------------------------------------------
0 0031554843 MORTGAGORS: HEMPSTEAD GERARD
HEMPSTEAD KATHRYN
REGION CODE ADDRESS : 14126 WOODSMILL COVE
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63017
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,116.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031555816 MORTGAGORS: BLEUSS MAXINE
REGION CODE ADDRESS : 4383 PARKER HILL ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95407
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,652.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,293,000.00
P & I AMT: 12,089.53
UPB AMT: 1,286,700.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031556459 MORTGAGORS: HOOVER ROBERT
TAYLOR JOHN
REGION CODE ADDRESS : 2236 40TH PLACE NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,550.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.61100
----------------------------------------------------------------
0 0031557440 MORTGAGORS: WIGGINS EDWARD
WIGGINS JANIS
REGION CODE ADDRESS : 107 OAKTON SOUTH
01 CITY : EATONTON
STATE/ZIP : GA 31024
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,140.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,976.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/08
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031558018 MORTGAGORS: BARBAGALLO WILLIAM
BARBAGALLO LISA
REGION CODE ADDRESS : 335 HORNEBLEND COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 279,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,618.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.85714
----------------------------------------------------------------
0 0031558042 MORTGAGORS: COHEN LOWELL
COHEN JOAN
REGION CODE ADDRESS : 4843 RIDING RIDGE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,599.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,990.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031561475 MORTGAGORS: NALENCZ LEONARD
NALENCZ VIRGINIA
REGION CODE ADDRESS : LOT 18 UNIT 1
01 CITY : POCONO PINES
STATE/ZIP : PA 18350
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,052.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 65.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,000.00
P & I AMT: 13,828.49
UPB AMT: 1,458,960.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031562499 MORTGAGORS: CLEMENSON GREGORY
CLEMENSON SUNG
REGION CODE ADDRESS : 4166 WILLMAR DRIVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,303.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 28.42800
----------------------------------------------------------------
0 0031563836 MORTGAGORS: LAUGHEAD ROBERT
LAUGHEAD ELIZABETH
REGION CODE ADDRESS : 1621 NEW BRUNSWICK AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 77,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,746.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 670.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 25.16330
----------------------------------------------------------------
0 0031564693 MORTGAGORS: LEE HYUK
LEE SOON
REGION CODE ADDRESS : 2291 BENTLEY RIDGE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,679.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.28500
----------------------------------------------------------------
0 0031564701 MORTGAGORS: LOPEZ RODOLFO
LOPEZ JEAN
REGION CODE ADDRESS : 3052 CALVERT COURT
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,933.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031565534 MORTGAGORS: GALICH MICHAEL
GALICH COLLEEN
REGION CODE ADDRESS : 5745 NORTH NEWCASTLE AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60631
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,703.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,000.00
P & I AMT: 13,319.94
UPB AMT: 1,459,687.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031565799 MORTGAGORS: GLOVER ERNEST
GLOVER LAUREL
REGION CODE ADDRESS : 6121 EAST BRETON CIRCLE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,609.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,586.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.30500
----------------------------------------------------------------
0 0031567613 MORTGAGORS: FOX GEORGE
FOX ELLEN
REGION CODE ADDRESS : 5515 N.E. 70TH STREET
01 CITY : VANCOUVER
STATE/ZIP : WA 98661
MORTGAGE AMOUNT : 93,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,291.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 815.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031567977 MORTGAGORS: GOING RODNEY
GOING GLORIA
REGION CODE ADDRESS : 1102 SPRING STREET
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,588.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.63100
----------------------------------------------------------------
0 0031568017 MORTGAGORS: CHENG JACK
CHENG ROSEMERI
REGION CODE ADDRESS : 642 BLUE SPRUCE DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,650.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.70300
----------------------------------------------------------------
0 0031573017 MORTGAGORS: HACKNEY DAVID
HACKNEY REBECCA
REGION CODE ADDRESS : 32782 ROSEMONT DRIVE
01 CITY : TRABUCO CANYON (AREA)
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,962.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.59000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,100.00
P & I AMT: 12,602.80
UPB AMT: 1,390,900.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031574114 MORTGAGORS: TRAN LONG
BUI CHRISTIE
REGION CODE ADDRESS : 3272 CHATEAU DU LAC
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,145.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,390.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.57100
----------------------------------------------------------------
0 0031577737 MORTGAGORS: CHUNG VINH
CHUNG THUY
REGION CODE ADDRESS : 3812 BLACKTHORN STREET
01 CITY : IRVINE
STATE/ZIP : CA 92714
MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,419.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031577943 MORTGAGORS: GEISSE JOHN
GEISSE LISA
REGION CODE ADDRESS : 11 NIGHTINGALE LANE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 511,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,700.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.97200
----------------------------------------------------------------
0 0031577950 MORTGAGORS: LAM LOREN
LAM LORETTA
REGION CODE ADDRESS : 207 SEASIDE DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,215.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.42857
----------------------------------------------------------------
0 0031581978 MORTGAGORS: CHON MYONG
CHON SUSIE
REGION CODE ADDRESS : 117 NORTH FORMOSA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 278,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,543.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.43580
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,494,600.00
P & I AMT: 13,591.26
UPB AMT: 1,492,380.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070002332 MORTGAGORS: CLARK MADONNA
CLARK BRUCE
REGION CODE ADDRESS : 4629 BROWNDALE AVE
01 CITY : EDINA
STATE/ZIP : MN 55424
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,534.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,875.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 45.65217
----------------------------------------------------------------
0 0070016332 MORTGAGORS: KORSON MARTIN
KORSON CAROLINE
REGION CODE ADDRESS : 9592 STONINGTON CIRCLE
01 CITY : HUNTINGTON
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 145,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,248.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,327.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 30.30208
----------------------------------------------------------------
0 0070023338 MORTGAGORS: GUGEL WAYNE
GUGEL SARA
REGION CODE ADDRESS : 2195 LOST FOREST LN
01 CITY : CONYERS
STATE/ZIP : GA 30207
MORTGAGE AMOUNT : 60,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,837.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 551.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 65.65217
----------------------------------------------------------------
0 0070024013 MORTGAGORS: HUNDLEY CHRIS
HUNDLEY CELESTINA
REGION CODE ADDRESS : 24453 STONECHAT COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 364,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,331.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,329.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.89157
----------------------------------------------------------------
0 0070026349 MORTGAGORS: VAN ZANTEN JAMES
VAN ZANTEN JEAN
REGION CODE ADDRESS : 1461 21ST STREET
01 CITY : MANHATTAN B
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 633,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 627,387.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,606.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.39444
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,519,150.00
P & I AMT: 13,690.66
UPB AMT: 1,498,339.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070031935 MORTGAGORS: NILSSON BENGT
MORRIS PAMELA
REGION CODE ADDRESS : 608 EAST D STREET
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 110,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,624.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,014.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 001
LTV : 70.25478
----------------------------------------------------------------
0 0070037254 MORTGAGORS: ISAGHOLIAN HENRY
ISAGHOLIAN MARY
REGION CODE ADDRESS : 15519 TUPPER STREET
01 CITY : SEPULVEDA
STATE/ZIP : CA 91343
MORTGAGE AMOUNT : 212,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,831.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 001
LTV : 77.34545
----------------------------------------------------------------
0 0070057146 MORTGAGORS: NASH MATTHEW
NASH CATHERINE
REGION CODE ADDRESS : 5 RIVERSIDE DRIVE
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 340,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,084.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 83.04878
----------------------------------------------------------------
0 0070058128 MORTGAGORS: COHEN RICK
COHEN ROSE
REGION CODE ADDRESS : 817 17TH STREET
01 CITY : SANTA MONIC
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,575.09 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.67442
----------------------------------------------------------------
0 0070058987 MORTGAGORS:
THOMPSON KAREN
REGION CODE ADDRESS : 1120 CURRY LANE
01 CITY : KEY WEST
STATE/ZIP : FL 33040
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,408.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.57143
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,222,500.00
P & I AMT: 11,024.65
UPB AMT: 1,219,955.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070064688 MORTGAGORS: KURAS JANUSZ
KURAS MARIA
REGION CODE ADDRESS : 4751 NE 13TH AVENUE
01 CITY : FORT LAUDER
STATE/ZIP : FL 33334
MORTGAGE AMOUNT : 61,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 61,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 546.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 51.50000
----------------------------------------------------------------
0 0070066733 MORTGAGORS: HOSKINS DONALD
HOSKINS KELLY
REGION CODE ADDRESS : 3860 OLD BAUMGARTNER ROAD
01 CITY : SAINT LOUIS
STATE/ZIP : MO 63129
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.28571
----------------------------------------------------------------
0 0070071659 MORTGAGORS: BROCKMAN ROGER
BROCKMAN DAWN
REGION CODE ADDRESS : 12430 BROOKS CROSSING
01 CITY : FISHERS
STATE/ZIP : IN 46038
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 48.03922
----------------------------------------------------------------
0 0070077086 MORTGAGORS: MILLER JR JAMES
MILLER LISA
REGION CODE ADDRESS : 742 HAWKSBILL ISLAND DRIVE
01 CITY : SATELLITE B
STATE/ZIP : FL 32939
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070080726 MORTGAGORS: KAPLAN MICHAEL
KAPLAN LISA
REGION CODE ADDRESS : 304 BEACON HILL DRIVE
01 CITY : CHESHIRE
STATE/ZIP : CT 06410
MORTGAGE AMOUNT : 263,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,117.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 83.26498
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,096,750.00
P & I AMT: 9,832.14
UPB AMT: 1,095,917.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070084793 MORTGAGORS: SIMMONS F
SIMMONS MARILYN
REGION CODE ADDRESS : 17620 COPPERWOOD LANE
01 CITY : WAYZATA
STATE/ZIP : MN 55391
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,989.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/08
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.86567
----------------------------------------------------------------
0 0070090469 MORTGAGORS: TOMBURO THOMAS
TOMBURO DARLA
REGION CODE ADDRESS : 172 SUNRISE CIRCLE
01 CITY : MOORESVILLE
STATE/ZIP : NC 28115
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,048.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 63.09717
----------------------------------------------------------------
0 0070092713 MORTGAGORS: SMITH ROBERT
SMITH TERESA
REGION CODE ADDRESS : 2 SPICEBERRY PLACE
01 CITY : THE WOODLAN
STATE/ZIP : TX 77382
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,699.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.11765
----------------------------------------------------------------
0 0070095096 MORTGAGORS: GANNON KATHLEEN
REGION CODE ADDRESS : 220 SUNSET RIDGE ROAD
01 CITY : NORTHFIELD
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,306.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.83333
----------------------------------------------------------------
0 0070098504 MORTGAGORS: RUSSELL RICHARD
RUSSELL CHARLOTTE
REGION CODE ADDRESS : 1012 MIRAMAR PLACE
01 CITY : FULLERTON
STATE/ZIP : CA 92631
MORTGAGE AMOUNT : 411,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,730.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.79167
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,682,300.00
P & I AMT: 15,774.54
UPB AMT: 1,682,300.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070103361 MORTGAGORS: BURT JACK
BURT PATRICIA
REGION CODE ADDRESS : 11500 SOUTH LINN AVENUE
01 CITY : OKLAHOMA CI
STATE/ZIP : OK 73170
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,301.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.49351
----------------------------------------------------------------
0 0070103742 MORTGAGORS: KONYS DAVID
KONYS JULIE
REGION CODE ADDRESS : 4470 RED SPRUCE LANE
01 CITY : MANLIUS
STATE/ZIP : NY 13104
MORTGAGE AMOUNT : 366,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,323.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.76087
----------------------------------------------------------------
0 0070109293 MORTGAGORS: WILLIAMS CHARLES
WILLIAMS ANNE
REGION CODE ADDRESS : 310 COLORADO AVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 353,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,200.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 48.66391
----------------------------------------------------------------
0 0070109558 MORTGAGORS: DEWBERRY ROBERT
DEWBERRY DORIANNE
REGION CODE ADDRESS : 18022 EAST JAMES ROAD
01 CITY : VILLA PARK
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 411,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,700.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.83554
----------------------------------------------------------------
0 0070110176 MORTGAGORS: REYES TOMMY
REYES LETICIA
REGION CODE ADDRESS : 11984 CANERIDGE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,173.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.13826
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,627,850.00
P & I AMT: 14,698.81
UPB AMT: 1,627,850.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070118906 MORTGAGORS: LEVIN RICHARD
LEVIN NANCY
REGION CODE ADDRESS : STATE ROAD 110
01 CITY : EL RITO
STATE/ZIP : NM 87530
MORTGAGE AMOUNT : 210,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 64.61538
----------------------------------------------------------------
0 0070123716 MORTGAGORS: BERGIN ROBERT
BERGIN GINA
REGION CODE ADDRESS : 2894 COUNTRY LANE
01 CITY : ELLICOTT CI
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 240,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.85075
----------------------------------------------------------------
0 0070125901 MORTGAGORS: BUSTOS MAXIMO
BUSTOS LINDA
REGION CODE ADDRESS : 607 E 10TH STREET
01 CITY : LOVELAND
STATE/ZIP : CO 80537
MORTGAGE AMOUNT : 67,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 66,378.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 601.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 001
LTV : 77.02857
----------------------------------------------------------------
0 0070127956 MORTGAGORS: SHARP WILLIAM
SHARP VICKIE
REGION CODE ADDRESS : 2202 PROSPER STREET
01 CITY : PALATKA
STATE/ZIP : FL 32177
MORTGAGE AMOUNT : 42,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 42,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 374.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070128087 MORTGAGORS: LOMBARDO JOHN
LOMBARDO SONDRA
REGION CODE ADDRESS : 21809 W PLACERITOS BLVD
01 CITY : SANTA CLARI
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 392,570.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,570.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,583.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/08
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 56.48489
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 952,670.00
P & I AMT: 9,597.74
UPB AMT: 951,648.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070131347 MORTGAGORS: GARZA LARRY
GARZA LETICIA
REGION CODE ADDRESS : 9552 KATAWPA CIRCLE
01 CITY : VILLA PARK
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,966.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.98000
----------------------------------------------------------------
0 0070132899 MORTGAGORS: SCHER HERBERT
SCHER CYNTHIA
REGION CODE ADDRESS : 1028 WICKHAM DRIVE
01 CITY : Moraga
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.16000
----------------------------------------------------------------
0 0070133608 MORTGAGORS: EDELIST ALLEN
EDELIST PATRICIA
REGION CODE ADDRESS : 18046 BORIS DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,546.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.36842
----------------------------------------------------------------
0 0070133780 MORTGAGORS: DOUGHERTY T
DOUGHERTY CAROLE
REGION CODE ADDRESS : 18092 LANTANA DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,645.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.86792
----------------------------------------------------------------
0 0070140140 MORTGAGORS: THOMSON DONALD
THOMSON CAROL
REGION CODE ADDRESS : 4305 ROYAL WINDYNE COURT
01 CITY : ST CHARLES
STATE/ZIP : IL 60174
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,204.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/08
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.14458
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,694,500.00
P & I AMT: 16,121.88
UPB AMT: 1,694,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 05/01/98
P.O. BOX 5260 TMS AG0004981015 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070165568 MORTGAGORS: BROSNIHAN JOHN
REGION CODE ADDRESS : 6840 6850 6852 ALTA LOMA T
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.21918
----------------------------------------------------------------
0 0070172960 MORTGAGORS: NADERI SHAHROKH
NADERI SHAHLA
REGION CODE ADDRESS : 14165 MINORCA COVE
01 CITY : Del Mar
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,738.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/13
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.59000
----------------------------------------------------------------
0 0070184106 MORTGAGORS: GARBOUSHIAN VARTAN
GARBOUSHIAN MARGARET
REGION CODE ADDRESS : 10182 Equestrian Drive
01 CITY : Elk Grove
STATE/ZIP : CA 95624
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,401.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/08
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.45000
----------------------------------------------------------------
0 0070198866 MORTGAGORS: LEWIS DAVID
LEWIS SHERRY
REGION CODE ADDRESS : 25032 PINE FLAT CIRCLE
01 CITY : Lake Forest
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070202502 MORTGAGORS: DOWNS DEBORAH
RAZOUK RAMI
REGION CODE ADDRESS : 1717 5TH STREET
01 CITY : Manhattan Beach
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 458,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,084.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/13
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 65.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,500.00
P & I AMT: 15,007.60
UPB AMT: 1,580,500.00
0 TOTAL NUM OF LOANS: 460
LOAN AMT: 151,708,310.00
P & I AMT: 1,378,314.18
UPB AMT: 151,098,842.19
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
----------------, ------
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-10
Pursuant to the Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly Pool 1 Pool 2
------ ------
Payments:
(a) Principal $ $
-------- --------
(b) Interest $ $
-------- --------
(c) Total $ $
-------- --------
(2) Aggregate Monthly Payments received and Monthly Advances
made this month:
(a) Principal $ $
-------- --------
(b) Interest $ $
-------- --------
(c) Total $ $
-------- --------
(3) Aggregate Principal Prepayments in part received and applied
in the applicable Prepayment Period:
(a) Principal $ $
-------- --------
(b) Interest $ $
-------- --------
(c) Total $ $
-------- --------
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment Period:
(a) Principal $ $
-------- --------
(b) Interest $ $
-------- --------
(c) Total $ $
-------- --------
<PAGE>
(5) Aggregate Insurance Proceeds (including
purchases of Mortgage Loans by primary
mortgage insurers) for prior month: Pool 1 Pool 2
------ ------
(a) Principal $ $
-------- --------
(b) Interest $ $
-------- --------
(c) Total $ $
-------- --------
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $ $
-------- --------
(b) Interest $ $
-------- --------
(c) Total $ $
-------- --------
(7) Aggregate Purchase Prices for Defaulted
and Modified Mortgage Loans:
(a) Principal $ $
-------- --------
(b) Interest $ $
-------- --------
(c) Total $ $
-------- --------
(8) Aggregate Purchase Prices (and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal $ $
-------- --------
(b) Interest $ $
-------- --------
(c) Total $ $
-------- --------
(9) Pool Scheduled Principal Balance: $ $
-------- --------
(10) Available Funds: $ $
-------- --------
(11) Realized Losses for prior month: $ $
-------- --------
(12) Aggregate Realized Losses and Debt
Service Reductions:
(a) Deficient Valuations $ $
-------- --------
(b) Special Hazard $ $
-------- --------
(c) Fraud Losses $ $
-------- --------
(d) Excess Bankruptcy Losses $ $
-------- --------
(e) Excess Special Hazard Losses $ $
-------- --------
(f) Excess Fraud Losses $ $
-------- --------
(g) Debt Service Reductions $ $
-------- --------
(13) Compensating Interest Payment: $ $
-------- --------
D-2
<PAGE>
(14) Accrued Certificate Interest, Unpaid Class Interest
Shortfalls and Pay-out Rate:
Class 1-A1 $ $ %
------------- ---------- ---
Class 1-A2 $ $ %
------------- ---------- ---
Class 1-A3 $ $ %
------------- ---------- ---
Class 1-A4 $ $ %
------------- ---------- ---
Class 1-A5 $ $ %
------------- ---------- ---
Class 1-A6 $ $ %
------------- ---------- ---
Class 1-A7 $ $ %
------------- ---------- ---
Class 1-A8 $ $ %
------------- ---------- ---
Class 1-A10 $ $ %
------------- ---------- ---
Class 1-M $ $ %
------------- ---------- ---
Class 1-B1 $ $ %
------------- ---------- ---
Class 1-B2 $ $ %
------------- ---------- ---
Class 1-B3 $ $ %
------------- ---------- ---
Class 1-B4 $ $ %
------------- ---------- ---
Class 1-B5 $ $ %
------------- ---------- ---
Class 1-R $ $ %
------------- ---------- ---
Class 1-RL $ $ %
------------- ---------- ---
Class 2-A1 $ $ %
------------- ---------- ---
Class 2-A2 $ $ %
------------- ---------- ---
Class 2-A3 $ $ %
------------- ---------- ---
Class 2-A4 $ $ %
------------- ---------- ---
Class 2-A5 $ $ %
------------- ---------- ---
Class 2-A6 $ $ %
------------- ---------- ---
Class 2-A7 $ $ %
------------- ---------- ---
Class 2-M $ $ %
------------- ---------- ---
Class 2-B1 $ $ %
------------- ---------- ---
Class 2-B2 $ $ %
------------- ---------- ---
Class 2-B3 $ $ %
------------- ---------- ---
Class 2-B4 $ $ %
------------- ---------- ---
Class 2-B5 $ $ %
------------- ---------- ---
Class 2-R $ $ %
------------- ---------- ---
D-3
<PAGE>
(15) Principal distributable:
Class 1-A1 $
-------------
Class 1-A2 $
-------------
Class 1-A3 $
-------------
Class 1-A4 $
-------------
Class 1-A5 $
-------------
Class 1-A6 $
-------------
Class 1-A7 $
-------------
Class 1-A8 $
-------------
Class 1-A10 $
-------------
Class 1-M $
-------------
Class 1-B1 $
-------------
Class 1-B2 $
-------------
Class 1-B3 $
-------------
Class 1-B4 $
-------------
Class 1-B5 $
-------------
Class 1-R $
-------------
Class 1-RL $
-------------
Class 2-A1 $
-------------
Class 2-A2 $
-------------
Class 2-A3 $
-------------
Class 2-A4 $
-------------
Class 2-A5 $
-------------
Class 2-A6 $
-------------
Class 2-A7 $
-------------
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) or Section 2.05(a)(iii):
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-A6 $
-------------
Class 1-A7 $
-------------
Class 1-A8 $
-------------
Class 1-A10 $
-------------
Class 1-M $
-------------
Class 1-B1 $
-------------
Class 1-B2 $
-------------
Class 1-B3 $
-------------
Class 1-B4 $
-------------
Class 1-B5 $
-------------
Class 1-R $
-------------
Class 1-RL $
-------------
Class 2-A1 $
-------------
Class 2-A2 $
-------------
Class 2-A3 $
-------------
Class 2-A4 $
-------------
Class 2-A5 $
-------------
Class 2-A6 $
-------------
Class 2-A7 $
-------------
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 %
----------
D-5
<PAGE>
2. Senior Prepayment Percentage for such
Distribution Date:
Pool 1 %
----------
Pool 2 %
----------
3. Class 1-A10 Percentage for
such Distribution Date:
%
----------
4. Class 1-A10 Scheduled Distribution
Percentage for such Distribution
Date: %
---------
5. Class 1-A10 Prepayment Distribution
Percentage for such Distribution
Date: %
---------
6. Pool 2 Group II Senior Percentage
for such Distribution Date: %
---------
7. Pool 2 Group II Senior Prepayment
Distribution Percentage for such
Distribution Date: %
---------
8. Junior Percentage for such Distribution
Date:
Pool 1 %
----------
Pool 2 %
----------
9. Junior Prepayment Percentage for
such Distribution Date:
Pool 1 %
----------
Pool 2 %
----------
10. Subordinate Certificate Writedown Amount
for such Distribution Date:
Pool 1 %
----------
Pool 2 %
----------
11. 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 --- ---
D-6
<PAGE>
12. Base Servicing Fee:
Pool 1 %
----------
Pool 2 %
----------
13. 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 May 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
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
E-2
<PAGE>
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, Class 1-RL or Class 2-R Certificate" of GE
Capital Mortgage Services, Inc.'s REMIC Multi-Class Pass-Through
Certificates, Series 1998-10.
4. That the Purchaser is not, and on __________ [insert
date of transfer of Residual Certificate to Purchaser] will not
be, and is not and on such date will not be investing the assets
of, an employee benefit plan subject to the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), or a plan
subject to Code Section 4975 or a person or entity that is using
the assets of any employee benefit plan or other plan to acquire
a Residual Certificate.
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between State Street Bank and Trust Company, as
Trustee, and GE Capital Mortgage Services, Inc. dated as of May
1, 1998, no
<PAGE>
transfer of the Residual Certificates shall be
permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of the
Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of the
Company as its agent to act as "tax matters person" of the Upper
Tier REMIC or Lower Tier REMIC, in the case of the
F-2
<PAGE>
Class 1-R or Class 1-RL Certificates, or the Pool 2 Trust Fund,
in the case of the Class 2-R Certificates, 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 1998-10
__________________________________
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 1998-10
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 May 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.
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
<PAGE>
distribution of the Restricted Certificates in any manner that
would violate the Securities Act or any applicable state
securities laws.
5. The investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in
the name of ___________________________ as nominee for the
Investor.]
I-2
<PAGE>
IN WITNESS WHEREOF, the Investor has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] _____________
this _____ day of __________, 19__.
________________________
[name of Investor]
By:_____________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the Restricted Certificates at the exclusive direction
of and as nominee of the Investor named above.
________________________
[name of nominee]
By:_____________________
Name:
Title:
I-3
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
----------------, -----
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-10
Pursuant to the Pooling and Servicing Agreement dated
as of May 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution allocable to principal:
Class 1-A1 $
-------------
Class 1-A2 $
-------------
Class 1-A3 $
-------------
Class 1-A5 $
-------------
Class 1-A6 $
-------------
Class 1-A7 $
-------------
Class 1-A8 $
-------------
Class 1-A-9 $
-------------
Class 1-A10 $
-------------
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 1-RL $
-------------
Class 2-A1 $
-------------
Class 2-A2 $
-------------
Class 2-A3 $
-------------
Class 2-A4 $
-------------
Class 2-A5 $
-------------
Class 2-A6 $
-------------
<PAGE>
Class 2-A7 $
-------------
Class 2-P-O $
-------------
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-A5 $
-------------
Class 1-A6 $
-------------
Class 1-A7 $
-------------
Class 1-A8 $
-------------
Class 1-A-9 $
-------------
Class 1-A10 $
-------------
Class 1-P-O $
-------------
Class 1-M $
-------------
Class 1-B1 $
-------------
Class 1-B2 $
-------------
Class 1-B3 $
-------------
Class 1-B4 $
-------------
Class 1-B5 $
-------------
Class 1-R $
-------------
Class 1-RL $
-------------
Class 2-A1 $
-------------
Class 2-A2 $
-------------
Class 2-A3 $
-------------
Class 2-A4 $
-------------
Class 2-A5 $
-------------
Class 2-A6 $
-------------
Class 2-A7 $
-------------
Class 2-P-O $
-------------
Class 2-M $
-------------
Class 2-B1 $
-------------
Class 2-B2 $
-------------
Class 2-B3 $
-------------
Class 2-B4 $
-------------
Class 2-B5 $
-------------
Class 2-R $
-------------
J-2
<PAGE>
(3) Amount of distribution allocable to interest;
Pay-out Rate:
Class 1-A1 $ %
------------- ---
Class 1-A2 $ %
------------- ---
Class 1-A3 $ %
------------- ---
Class 1-A4 $ %
------------- ---
Class 1-A5 $ %
------------- ---
Class 1-A6 $ %
------------- ---
Class 1-A7 $ %
------------- ---
Class 1-A8 $ %
------------- ---
Class 1-A10 $ %
------------- ---
Class 1-M $ %
------------- ---
Class 1-B1 $ %
------------- ---
Class 1-B2 $ %
------------- ---
Class 1-B3 $ %
------------- ---
Class 1-B4 $ %
------------- ---
Class 1-B5 $ %
------------- ---
Class 1-R $ %
------------- ---
Class 1-RL $ %
------------- ---
Class 2-A1 $ %
------------- ---
Class 2-A2 $ %
------------- ---
Class 2-A3 $ %
------------- ---
Class 2-A4 $ %
------------- ---
Class 2-A5 $ %
------------- ---
Class 2-A6 $ %
------------- ---
Class 2-A7 $ %
------------- ---
Class 2-A8 $ %
------------- ---
Class 2-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 $ %
--------- ---
Class 1-A5 $ %
--------- ---
Class 1-A6 $ %
--------- ---
Class 1-A7 $ %
--------- ---
Class 1-A8 $ %
--------- ---
J-3
<PAGE>
Class 1-A9 $ %
--------- ---
Class 1-A10 $ %
--------- ---
Class 1-M $ %
--------- ---
Class 1-B1 $ %
--------- ---
Class 1-B2 $ %
--------- ---
Class 1-B3 $ %
--------- ---
Class 1-B4 $ %
--------- ---
Class 1-B5 $ %
--------- ---
Class 1-R $ %
--------- ---
Class 1-RL $ %
--------- ---
Class 2-A1 $ %
--------- ---
Class 2-A2 $ %
--------- ---
Class 2-A3 $ %
--------- ---
Class 2-A4 $ %
--------- ---
Class 2-A5 $ %
--------- ---
Class 2-A6 $ %
--------- ---
Class 2-A7 $ %
--------- ---
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 (Class Notional Balance)
of each Class; Certificate
Principal Balance of Single
Certificate of each Class:
Single Certificate
Class Balance Balance
----- ------- ------------------
Class 1-A1 $ $
------------- -------------
J-4
<PAGE>
Class 1-A2 $ $
------------- -------------
Class 1-A3 $ $
------------- -------------
Class 1-A4 $ $
------------- -------------
Class 1-A5 $ $
------------- -------------
Class 1-A6 $ $
------------- -------------
Class 1-A7 $ $
------------- -------------
Class 1-A8 $ $
------------- -------------
Class 1-A9 $ $
------------- -------------
Class 1-A10 $ $
------------- -------------
Class 1-PO $ $
------------- -------------
Class 1-M $ $
------------- -------------
Class 1-B1 $ $
------------- -------------
Class 1-B2 $ $
------------- -------------
Class 1-B3 $ $
------------- -------------
Class 1-B4 $ $
------------- -------------
Class 1-B5 $ $
------------- -------------
Class 1-R $ $
------------- -------------
Class 1-RL $ $
------------- -------------
Class 2-A1 $ $
------------- -------------
Class 2-A2 $ $
------------- -------------
Class 2-A3 $ $
------------- -------------
Class 2-A4 $ $
------------- -------------
Class 2-A5 $ $
------------- -------------
Class 2-A6 $ $
------------- -------------
Class 2-A7 $ $
------------- -------------
Class 2-A8 $ $
------------- -------------
Class 2-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 Certificateholders;
number of related Mortgage Loans:
Pool 1
$---------- ----------
Pool 2
$---------- ----------
J-5
<PAGE>
(9) Aggregate Scheduled Principal Balance
and number of delinquent Mortgage Loans:
Pool 1
------
30-59 days delinquent $----------- -----------
60-89 days delinquent $----------- -----------
90 or more days delinquent $----------- -----------
In foreclosure $----------- -----------
Pool 2
------
30-59 days delinquent $----------- -----------
60-89 days delinquent $----------- -----------
90 or more days delinquent $----------- -----------
In foreclosure $----------- -----------
(10) Aggregate Scheduled Principal
Balance and number of replaced Mortgage Loans:
Pool 1
$---------- ----------
Pool 2
$---------- ----------
(11) Aggregate Scheduled Principal Balance and number of modified
Mortgage Loans:
Pool 1
$---------- ----------
Pool 2
$---------- ----------
(12) Certificate Interest Rate of:
N/A
(13) Senior Percentage for such Distribution
Date:
Pool 1
----------%
Pool 2
----------%
J-6
<PAGE>
(14) Senior Prepayment Percentage for such
Distribution Date:
Pool 1
----------%
Pool 2
----------%
(15) Class 1-A10 Percentage for such
Distribution Date: ----------%
(16) Pool 1 Group II Senior Scheduled
Distribution Percentage for such
Distribution Date: ----------%
(17) Class 1-A10 Prepayment Distribution
Percentage for such Distribution
Date: ----------%
(18) Pool 2 Group II Senior Percentage
for such Distribution Date: ----------%
(19) Pool 2 Group II Senior Prepayment
Distribution Percentage for such
Distribution Date: ----------%
(20) Junior Percentage for such Distribution
Date:
Pool 1
----------%
Pool 2
----------%
(21) Junior Prepayment Percentage for such
Distribution Date:
Pool 1
----------%
Pool 2
----------%
J-7
<PAGE>
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_____________________________
Name:
Title:
J-8
<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 or (ii) a day on which banking institutions in New York
City or Boston, Massachusetts are required or authorized by law
or executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as
to which the Purchaser has made an Election to Delay Foreclosure,
an appraisal of the related Mortgaged Property 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.
K-2
<PAGE>
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.
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.
K-3
<PAGE>
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall
provide to the Purchaser such information as the Purchaser may
reasonably request concerning each Mortgage Loan that is at least
sixty days delinquent and each Mortgage Loan which has become
real estate owned, through the final liquidation thereof,
provided, that the Company shall only be required to provide
information that is readily accessible to its servicing personnel
and is non-confidential.
Section 2.02 Purchaser's Election to Delay Foreclosure Proceedings.
(a) The Purchaser shall be deemed to direct the Company
that in the event that the Company does not receive written
notice of the Purchaser's election pursuant to subsection (b)
below within 24 hours (exclusive of any intervening non-Business
Days) of transmission of the notice provided by the Company under
Section 2.01(a)(ii) subject to extension as set forth in Section
2.02(b), the Company may proceed with the Commencement of
Foreclosure in respect of such Mortgage Loan in accordance with
its normal foreclosure policies without further notice to the
Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage
Loan has been brought current or if a refinancing or prepayment
occurs with respect to the Mortgage Loan (including by means of a
short payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
deed-in-lieu of foreclosure or short payoff, the Purchaser will
be notified and given two Business Days to respond.
K-4
<PAGE>
(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
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
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<PAGE>
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Delay Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03 Purchaser's Election to Commence
Foreclosure Proceedings.
(a) In connection with any Mortgage Loan identified in
a report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the 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
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<PAGE>
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the Company believes there is
a breach of representations or warranties by the Company, which
may result in a repurchase or substitution of such Mortgage Loan,
or (iii) the Company has or expects to have the right under the
Pooling and Servicing Agreement to purchase the defaulted
Mortgage Loan and intends to exercise such right or (iv) the
Company reasonably believes the Mortgaged Property may be
contaminated with or affected by hazardous wastes or hazardous
substances (and the Company supplies the Purchaser with
information supporting such belief) or (v) the same is prohibited
by or is otherwise inconsistent with the provisions of the
Pooling and Servicing Agreement. Any foreclosure that has been
initiated may be discontinued (i) without notice to the Purchaser
if the Mortgage Loan has been brought current or if a refinancing
or prepayment occurs with respect to the Mortgage Loan (including
by means of a short payoff approved by the Purchaser) or (ii)
with notice to the Purchaser if the Company has reached the terms
of a forbearance agreement unless instructed otherwise by the
Purchaser within two Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (a)
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 (a) above and after reimbursement to the Servicer for
all related Monthly Advances) in respect of such Mortgage Loan
shall be released to the Purchaser.
Section 2.04 Termination.
(a) With respect to all Mortgage Loans included in the
Trust Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i)at such time as the Class Certificate
Principal Balance of the Class B_ Certificates has been reduced
to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the Company's actual loss experience
with respect to the Mortgage Loans) of the aggregate principal
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<PAGE>
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.
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 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
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<PAGE>
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 than
quarterly. In the absence of any direction, the Company shall
direct the Trustee to select such investments in accordance with
the definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as
well as any interest earned on deposits in the Collateral Fund
(net of any losses on such investments) and any payments of
principal made in respect of any Collateral Fund Permitted
Investment shall be deposited in the Collateral Fund upon
receipt. All costs and realized losses associated with the
purchase and sale of Collateral Fund Permitted Investments shall
be borne by the Purchaser and the amount of net realized losses
shall be promptly deposited by the Purchaser in the Collateral
Fund. The Company shall periodically (but not more frequently
than monthly) direct the Trustee to 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
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<PAGE>
it to be prior to all other security interests and liens,
including the execution and delivery to the Company or at its
direction the Trustee for filing of appropriate financing
statements in accordance with applicable law.
Section 3.04 Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall constitute
a general corporate obligation of the Purchaser. The failure to
pay such amounts within two Business Days of such demand (except
for amounts to cover interest on a Mortgage Loan pursuant to
Sections 2.02(d) and 2.03(b)), shall cause an immediate
termination of the Purchaser's right to make any Election to
Delay Foreclosure or Election to Foreclose and the Company's
obligations under this Agreement with respect to all Mortgage
Loans to which such insufficiencies relate, without the necessity
of any further notice or demand on the part of the Company.
ARTICLE IV.
MISCELLANEOUS PROVISIONS
Section 4.01 Amendment. This Agreement may be amended
from time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
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
K-10
<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
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.
K-11
<PAGE>
Section 4.06 Successor and Assigns. The provisions of
this Agreement shall be binding upon and inure to the benefit of
the parties hereto and the respective successors and assigns of
the parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07 Article and Section Headings. The article
and section headings herein are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.
Section 4.08 Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09 Confidentiality. The Purchaser agrees that
all information supplied by or on behalf of the Company pursuant
to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
Section 4.10 Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser
agrees that, notwithstanding any other provision of this
Agreement, the Purchaser shall have no rights hereunder, and the
Company shall have no obligations hereunder, until the Class
Certificate Principal Balance of the Class __-B5 Certificates has
been reduced to zero and any Special Servicing and Collateral
Fund Agreement between the Company and the Purchaser relating to
such Class B5 Certificates has been terminated.]
K-12
<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:
<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 [with respect to Pool __ ].
3. The Company is the payee under the following
described Mortgage Note ("Mortgage Note") which evidences the
obligation of the borrower(s) to repay the Mortgage Loan:
Loan Number: __________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
________________________________________________
4. The Company is the lawful owner of the Mortgage
Note and has not cancelled, altered, assigned or hypothecated the
Mortgage Note.
5. A thorough and diligent search for the executed
original Mortgage Note was undertaken and was unsuccessful.
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
<PAGE>
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
SERIES 1998-10
Pool 2
Cut-Off Date
Principal Borrower
Loan No. Balance Last Name
-------- ------- ---------
70103742 $366,900.00 Konys
TOTAL $366,900.00
APPROXIMATE PERCENTAGE OF POOL: 0.002%
<PAGE>
EXHIBIT N
SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS
None
