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) February 26, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of February 1, 1998,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1998-4)
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
- -----------------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area
code (609) 661-6100
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
General.
On February 26, 1998 GE Capital Mortgage Services, Inc.
("GECMSI") offered to investors certain classes of its REMIC
Multi-Class Pass-Through Certificates, Series 1998-4 (the
"Certificates") evidencing beneficial ownership interests in a
trust fund (the "Trust Fund"). The assets of the Trust Fund
consist primarily of a pool ("Pool 1998-4") of conventional, one-
to four-family residential loans (the "Mortgage
Loans"). Capitalized terms used herein and not otherwise defined
shall have the meanings assigned to them in the Prospectus dated
January 22, 1998 as supplemented by the Prospectus Supplement
dated February 19, 1998.
The original principal balance of each Class of the Certificates
is as follows:
Class A1 $108,021,000.00
Class A2 $81,654,000.00
Class A3 $21,714,000.00
Class A4 $4,653,000.00
Class A5 $168,552,000.00
Class A6 $98,853,000.00
Class A7 $32,951,000.00
Class A8 $60,141,355.00
Class PO $216,687.84
Class M $11,127,000.00
Class B1 $5,413,000.00
Class B2 $2,706,000.00
Class B3 $2,406,000.00
Class B4 $1,202,800.00
Class B5 $1,803,179.84
Class R $100.00
--------------
Total: $601,414,122.68
The initial Junior Percentage and initial Senior Percentage for
Pool 1998-4 are approximately 4.10% and 95.90%, respectively. The
"Bankruptcy Loss Amount," the "Fraud Loss Amount" and the
"Special Hazard Loss Amount" for Pool 1998-4 as of the initial
issuance of the Certificates are approximately $227,054,
$6,014,141 and $6,014,141, respectively, representing
approximately 0.04%, 1.00%, and 1.00%, respectively, of the
aggregate Scheduled Principal Balances of the Mortgage Loans as
of February 1, 1998 (the "Cut-off Date").
2
<PAGE>
Description of the Mortgage Pool and the Mortgaged Properties
Pool 1998-4
Pool 1998-4 consists primarily of fixed-rate, fully-amortizing
conventional Mortgage Loans evidenced by Mortgage Notes which
have original maturities of 20 to 30 years and an aggregate
outstanding Scheduled Principal Balance as of the Cut-off Date,
after deducting payments of principal due on or before such date
and prepayments of principal received before such date, of
$601,414,122.68.
The interest rates (the "Mortgage Rates") borne by the 1,944
Mortgage Loans conveyed by GECMSI to Pool 1998-4 range from
6.250% to 9.625% and the weighted average Mortgage Rate as of the
Cut-off Date is 7.5552% per annum (all weighted averages in this
filing are weighted by aggregate outstanding Scheduled Principal
Balance as of the Cut-off Date). At origination, the principal
balances of the Mortgage Loans in Pool 1998-4 ranged from
$28,000.00 to $1,200,000.00, and, as of the Cut-off Date, the
average outstanding Scheduled Principal Balance of the Mortgage
Loans in Pool 1998-4 is $309,369.40, after application of
principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Mortgage Loan in Pool 1998-4 is October
1987, and the latest scheduled maturity date of any such Mortgage
Loan is February 2028. The weighted average loan-to-value ratio
of the Mortgage Loans as of the Cut-off Date in Pool 1998-4 is
76.0486%.
3
<PAGE>
The Mortgage Loans in Pool 1998-4 have the following
characteristics as of the Cut-off Date.
a) The following table sets forth information, as of the
Cut-off Date, with respect to the Mortgage Rates borne by
the Mortgage Loans in Pool 1998-4:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.2500% 1 $249,284.64 0.0414%
6.7500% 3 $679,898.52 0.1130%
6.8750% 27 $8,092,249.66 1.3455%
7.0000% 59 $17,485,886.75 2.9075%
7.1250% 94 $29,118,144.83 4.8416%
7.2500% 168 $53,453,917.37 8.8880%
7.3750% 206 $65,603,388.06 10.9082%
7.5000% 390 $119,255,437.19 19.8293%
7.6250% 378 $114,379,803.55 19.0185%
7.7500% 311 $98,630,147.85 16.3997%
7.8750% 222 $71,510,673.01 11.8904%
8.0000% 42 $11,931,563.13 1.9839%
8.1250% 14 $3,763,546.25 0.6258%
8.2500% 15 $3,939,187.04 0.6550%
8.3750% 8 $2,004,821.61 0.3334%
8.5000% 4 $1,146,444.93 0.1906%
9.1250% 1 $56,669.83 0.0094%
9.6250% 1 $113,058.46 0.0188%
----- --------------- ---------
Total 1,944 $601,414,122.68 100.0000%
4
<PAGE>
b) The following table sets forth information, as of the
Cut-off Date, with respect to the original principal
balances of the Mortgage Loans in Pool 1998-4 :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 227,150 143 $21,516,461.66 3.5776%
$227,151 - 250,000 361 $86,472,008.83 14.3781%
$250,001 - 300,000 675 $185,075,773.14 30.7736%
$300,001 - 350,000 317 $103,045,619.55 17.1339%
$350,001 - 400,000 164 $61,935,778.89 10.2984%
$400,001 - 450,000 108 $45,871,905.43 7.6273%
$450,001 - 600,000 133 $67,596,221.09 11.2395%
$600,001 - 650,000 33 $20,868,109.53 3.4698%
$650,001 - 1,000,000 + 10 $9,032,244.56 1.5018%
----- --------------- ---------
Total 1,944 $601,414,122.68 100.0000%
The largest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1998-4 is
$1,199,174.17.
The smallest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1998-4 is
$27,965.06.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Mortgage Loans in Pool 1998-4:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1987 1 $225,924.75 0.0376%
1988 1 $33,398.20 0.0056%
1991 1 $113,058.46 0.0188%
1996 3 $1,205,279.15 0.2004%
1997 1757 $545,440,708.26 90.6930%
1998 181 $54,395,753.86 9.0446%
----- --------------- ---------
Total 1,944 $601,414,122.68 100.0000%
5
<PAGE>
d) The following table sets forth information, as of the
Cut-off Date, with respect to the loan-to-value ratios of
the Mortgage Loans at origination in Pool 1998-4:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 47 $16,687,514.28 2.7747%
50.001 - 60.00 109 $38,283,879.66 6.3656%
60.001 - 70.00 212 $70,444,340.57 11.7131%
70.001 - 75.00 290 $97,089,280.76 16.1435%
75.001 - 80.00 942 $286,257,885.82 47.5976%
80.001 - 85.00 40 $11,302,522.95 1.8793%
85.001 - 90.00 203 $55,442,669.53 9.2187%
90.001 - 95.00 101 $25,906,029.11 4.3075%
95.001 - 100.00 0 $0.00 0.0000%
----- --------------- ---------
Total 1,944 $601,414,122.68 100.0000%
e) The following table sets forth information, as of the
Cut-off Date, with respect to the type of Mortgaged
Properties securing the Mortgage Loans in Pool 1998-4:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 1791 $556,750,882.47 92.5737%
Single-family
attached 65 $18,372,120.30 3.0548%
Condominium 63 $18,716,011.25 3.1120%
2 - 4 Family Units 22 $6,369,608.66 1.0591%
Co-Op 3 $1,205,500.00 0.2004%
----- --------------- ---------
Total 1,944 $601,414,122.68 100.0000%
f) The following table sets forth information, as of the
Cut-off Date, with respect to the occupancy status of the
Mortgaged Properties securing the Mortgage Loans as
represented by the mortgagors at origination in Pool 1998-4:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 1904 $591,160,152.99 98.2950%
Vacation 22 $7,395,627.57 1.2297%
Investment 18 $2,858,342.12 0.4753%
----- --------------- ---------
Total 1,944 $601,414,122.68 100.0000%
6
<PAGE>
g) The following table sets forth information, as of the
Cut-off Date, with respect to the geographic distribution of
the Mortgaged Properties securing the Mortgage Loans in Pool
1998-4:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alaska 1 $194,530.99 0.0323%
Alabama 4 $1,241,944.45 0.2065%
Arizona 31 $9,483,581.32 1.5769%
Arkansas 2 $720,460.21 0.1198%
California 941 $300,100,962.51 49.8994%
Colorado 42 $12,380,169.44 2.0585%
Connecticut 34 $11,458,344.90 1.9052%
Delaware 3 $931,038.26 0.1548%
District of Columbia 5 $1,899,796.09 0.3159%
Florida 55 $17,047,392.50 2.8346%
Georgia 37 $10,890,047.09 1.8107%
Hawaii 9 $3,237,505.72 0.5383%
Iowa 4 $1,062,706.26 0.1767%
Idaho 1 $304,015.63 0.0506%
Illinois 53 $15,882,015.42 2.6408%
Indiana 3 $935,204.60 0.1555%
Kansas 2 $581,678.68 0.0967%
Kentucky 4 $1,402,538.06 0.2332%
Louisiana 5 $1,923,351.16 0.3198%
Maine 3 $785,176.91 0.1306%
Massachusetts 91 $28,597,513.26 4.7550%
Maryland 75 $22,869,623.40 3.8026%
Michigan 7 $1,890,413.12 0.3143%
Minnesota 12 $3,284,675.10 0.5462%
Mississippi 1 $314,777.68 0.0523%
Missouri 6 $1,831,541.49 0.3045%
Nebraska 4 $1,196,334.45 0.1989%
North Carolina 18 $4,980,633.41 0.8282%
New Hampshire 6 $1,791,100.71 0.2978%
New Jersey 84 $24,480,335.96 4.0705%
New Mexico 6 $1,982,318.68 0.3296%
Nevada 16 $4,718,262.38 0.7845%
New York 43 $14,208,285.14 2.3625%
Ohio 16 $4,352,513.01 0.7237%
Oklahoma 1 $299,777.35 0.0498%
Oregon 6 $2,713,200.31 0.4511%
Pennsylvania 58 $17,916,729.78 2.9791%
Rhode Island 4 $1,023,989.99 0.1703%
South Carolina 7 $2,430,160.80 0.4041%
Tennessee 14 $4,089,520.24 0.6800%
Texas 82 $20,179,696.37 3.3554%
Utah 10 $2,621,138.31 0.4358%
Virginia 105 $31,359,918.82 5.2144%
Vermont 1 $367,092.37 0.0610%
Washington 23 $7,088,488.64 1.1786%
West Virginia 1 $105,719.50 0.0176%
Wisconsin 8 $2,257,902.21 0.3754%
----- --------------- ---------
Total 1,944 $601,414,122.68 100.0000%
7
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the
Mortgage Loans in Pool 1998-4:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2017 2 $813,010.37 0.1352%
2018 9 $2,063,086.91 0.3430%
2021 1 $113,058.46 0.0188%
2023 1 $265,203.37 0.0441%
2026 6 $2,541,938.42 0.4227%
2027 682 $211,955,573.52 35.2429%
2028 1243 $383,662,251.63 63.7933%
----- --------------- ---------
Total 1,944 $601,414,122.68 100.0000%
The weighted average scheduled remaining term to maturity of the
Mortgage Loans in Pool 1998-4 calculated as of the Cut-off Date
is 358 months.
i) The following table sets forth information, as of the
Cut-off Date, with respect to the purpose of the Mortgage
Loans in Pool 1998-4:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 1105 $330,013,812.97 54.8730%
Rate Term/Refinance 681 $219,070,633.59 36.4259%
Cash-out Refinance 158 $52,329,676.12 8.7011%
----- --------------- ---------
Total 1,944 $601,414,122.68 100.0000%
8
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND
EXHIBITS.
1.1 The Underwriting Agreement, dated as of February 24, 1997,
and the related Terms Agreement, dated as of February 19,
1998, for certain of the Series 1998-4 Certificates between
GE Capital Mortgage Services, Inc. and Deutsche Morgan
Grenfell Inc.
1.2 The Underwriting Agreement, dated as of April 24, 1995, and
the related Terms Agreement, dated as of February 19, 1998,
for certain of the Series 1998-4 Certificates between GE
Capital Mortgage Services, Inc. and PaineWebber
Incorporated.
4.1 The Pooling and Servicing Agreement for the Series 1998-4
Certificates, dated as of February 1, 1998, between GE
Capital Mortgage Services, Inc., as seller and servicer, and
State Street Bank and Trust Company, as trustee.
9
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By: /s/ Syed W. Ali
--------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of February 26, 1998
10
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By:
--------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of February 26, 1998
11
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- ----------------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- ----------------------------------------------------------------------
1.1 The Underwriting Agreement,
dated as of February 24, 1997, and
the related Terms Agreement,
dated as of February 19, 1998, for
certain of the Series 1998-4
Certificates between GE Capital
Mortgage Services, Inc. and
Deutsche Morgan Grenfell Inc.
1.2 The Underwriting Agreement,
dated as of April 24, 1995, and the
related Terms Agreement, dated as
of February 19, 1998, for certain
of the Series 1998-4 Certificates
between GE Capital Mortgage
Services, Inc. and PaineWebber
Incorporated.
4.1 The Pooling and Servicing
Agreement for the Series 1998-4
Certificates, dated as of February
1, 1998, between GE Capital
Mortgage Services, Inc., as seller
and servicer, and State Street
Bank and Trust Company, as
trustee.
- ----------------------------------------------------------------------
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Deutsche Morgan Grenfell Inc. New York, New York
31 West 52nd Street February 24, 1997
New York, New York 10019
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of one or more pools of conventional,
fixed rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement", and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such prospectus supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined herein))
(such prospectus supplement, including such incorporated
documents (other than those that relate to Collateral Term
Sheets), in the form first filed after the date of the
related Terms Agreement pursuant to Rule 424(b) is
hereinafter called the "Prospectus Supplement"), is
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<PAGE>
hereinafter called the "Prospectus". Any reference
herein to the terms "amend", "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the Prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
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<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
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<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
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Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(each such filing of such materials, a "Current Report")
pursuant to Rule 13a- 11 under the Exchange Act on the
business day immediately following the later of (i) the day
on which such Computational Materials and Structural Term
Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral
Term Sheet is delivered to counsel for the Company
by the Underwriter prior to 10:30 a.m. In addition,
if at any time prior to the availability of the
related Prospectus Supplement the Underwriter has
delivered to any prospective investor a Collateral Term
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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
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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 LLP
with respect to its letters furnished pursuant to Section
6(i) of this Agreement and any letter furnished pursuant to
the last sentence of Section 6(h) hereof, the fees of any
firm of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of this Agreement, any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses",
and all expenses (e.g., shipping, postage and courier
costs) associated with the delivery of the related
Prospectus to prospective investors and investors, other
than the costs of delivery to the Underwriter's facilities,
provided, that if courier services (other than overnight
delivery services utilized in the ordinary course of
business) are required to ensure that such Prospectus is
delivered to investors on the day immediately preceding the
related Closing Date, the Company will pay such courier
expenses).
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
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<PAGE>
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time it
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<PAGE>
became effective, contained an untrue statement of a
material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
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<PAGE>
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
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<PAGE>
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
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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
Properties" 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
- 19 -
<PAGE>
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof,
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
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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
Series 1997-2 and any subsequent Series of Certificates as to
which it acts as Underwriter have been prepared and disseminated
by the Underwriter and not by or on behalf of the Company, and
that such materials included and shall include a disclaimer in
form satisfactory to the Company to the effect that such
materials have been prepared and disseminated by the Underwriter,
and that the content and accuracy of such materials have not been
reviewed by the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
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
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<PAGE>
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in the Offered Certificates that constitute "Collateral
Term Sheets." Each delivery of a Collateral Term Sheet to the
Company pursuant to this paragraph (a) shall be effected by
delivering four copies of such materials to counsel for the
Company on behalf of the Company at the address specified in
Section 3 hereof and one copy of such materials to the Company.
(Collateral Term Sheets and Structural Term Sheets are, together,
referred to herein as "ABS Term Sheets.") At the time of each
such delivery, the Underwriter shall indicate in writing that
the materials being delivered constitute Collateral Term
Sheets, and, if there has been any prior such delivery
with respect to the related Series, shall indicate whether
such materials differ in any material respect from any
Collateral Term Sheets previously delivered to the Company
with respect to such Series pursuant to this Section 9(a)
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<PAGE>
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter; and
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
will have been prepared and disseminated by the Underwriter and
not by or on behalf of the Company, and that such materials shall
include a disclaimer in form satisfactory to the Company to the
effect set forth in Section 8(d) hereof, and to the effect that
the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
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<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
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<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
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<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.
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<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:_____________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date first above written.
DEUTSCHE MORGAN GRENFELL INC.
By:_____________________________
Name:
Title:
By:_____________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated February [ ], 1997
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Deutsche Morgan Grenfell 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,
DEUTSCHE MORGAN GRENFELL 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 1998-4
TERMS AGREEMENT
---------------
(to Underwriting Agreement
dated February 24, 1997,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus February 19, 1998
Cherry Hill, NJ 08002
Deutsche Morgan Grenfell 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 1998-4 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 1998-4 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-43755).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1998-4
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 February 1, 1998 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$601,414,123 aggregate principal balance as of the Cut-off
Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance will be
not less than $570,000,000 or greater than $630,000,000.
<PAGE>
(b) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans
included in the Mortgage Pool shall be between 20 and 30
years.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a):
Class
Purchase
Class Principal Interest Price
- ----- Balance Rate Percentage
------- ---- ----------
Class A1 $108,021,000.00 6.50% 99.4140625%
Class A2 81,654,000.00 7.00 99.4140625
Class A3 21,714,000.00 (1) 99.4140625
Class A4 4,653,000.00 (1) 99.4140625
Class A5 168,552,000.00 6.75 99.4140625
Class A6 98,853,000.00 (1) 99.4140625
Class A7 32,951,000.00 (1) 99.4140625
Class A8 60,141,355.00 6.75 99.4140625
Class R 100.00 6.75 99.4140625
------------
(1) Interest will accrue on the Class A3, Class A4, Class
A6 and Class A7 Certificates at the respective rates
described in the Prospectus.
(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, February 26,
1998 (the "Closing Date").
Section 4. Required Ratings: The Offered Certificates,
other than the Class A4 and Class A7 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"). The Class A4
and Class A7 Certificates shall have received required ratings of
at least "AAA" from Fitch and "AAAr" from S&P.
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of the Trust Fund as a REMIC.
2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
DEUTSCHE MORGAN GRENFELL INC.
By:____________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
PaineWebber Incorporated New York, New York
1285 Avenue of the Americas April 24, 1995
New York, New York 10019
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
<PAGE>
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified in
the related Terms Agreement, on Form S-3, including a
prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of the
Registration Statement, is hereinafter called the
"Registration Statement," and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3 under
the Act which were filed under the Exchange Act on or
before the date of such Prospectus Supplement (other
than any such incorporated documents that relate to
Collateral Term Sheets (as defined herein)) (such
prospectus supplement, including such incorporated
documents (other than those that relate to Collateral
Term Sheets), in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b) is
hereinafter called the "Prospectus Supplement"), is
hereinafter called the "Prospectus". Any reference
herein to the terms "amend," "amendment" or
2
<PAGE>
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the effective
date of the Registration Statement or the issue date of
the Prospectus or Prospectus Supplement, as the case
may be, deemed to be incorporated therein by reference
pursuant to Item 12 of Form S-3 under the Act.
(ii) The related Registration Statement, at
the time it became effective, and the prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each Closing
Date (as defined in Section 3 below), the related
Registration Statement and the related Prospectus, and
any amendments thereof and supplements thereto, will
conform in all material respects to the requirements of
the Act and the rules and regulations of the Commission
thereunder; such Registration Statement, at the time it
became effective, did not contain any untrue statement
of a material fact or omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading; such Prospectus, on
the date of any filing pursuant to Rule 424(b) and on
each Closing Date, will not include any untrue
statement of a material fact or omit to state a
material fact necessary to make the statements therein,
in the light of the circumstances under which they are
made, not misleading; and the Detailed Description
referred to in such Prospectus, on each Closing Date
and the date of any filing thereof under cover of Form
8-K, will not include any untrue statement of a
material fact or omit to state any information which
such Prospectus states will be included in such
Detailed Description; provided, however, that the
Company makes no representations or warranties as to
the information contained in or omitted from (A) such
Registration Statement or such Prospectus (or any
supplement thereto) in reliance upon and in conformity
with written information furnished to the Company by or
on behalf of the Underwriter specifically for use in
the preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
Prospectus (or any amendment thereof or supplement
thereto).
3
<PAGE>
(iii) The Certificates of the related Series
will conform to the description thereof contained in
the related Prospectus; will each, if rated at the time
of issuance in one of the two highest rating categories
by a nationally recognized statistical rating
organization, be when issued a "mortgage related
security" as such term is defined in Section 3(a)(41)
of the Exchange Act, and will each on the related
Closing Date be duly and validly authorized, and, when
validly executed, countersigned, issued and delivered
in accordance with the related Pooling and Servicing
Agreement and sold to you as provided herein and in the
related Terms Agreement, will each be validly issued
and outstanding and entitled to the benefits of the
related Pooling and Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the consummation
of any other of the transactions herein contemplated,
nor the fulfillment of the terms hereof or of the
related Terms Agreement, will conflict with any
statute, order or regulation applicable to the Company
of any court, regulatory body, administrative agency or
governmental body having jurisdiction over the Company
or with any organizational document of the Company or
any instrument or any agreement under which the Company
is bound or to which it is a party.
(v) This Agreement and the related
Terms Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance with
its terms, subject as to enforceability, to bankruptcy,
insolvency, reorganization or other similar laws
affecting creditors' rights and to general principles
of equity (regardless of whether the enforceability of
such Pooling and Servicing Agreement is considered in a
proceeding in equity or at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
4
<PAGE>
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which such
Prospectus relates also will promptly advise the Underwriter
(i) when any amendment to the related Registration Statement
specifically relating to such Offered Certificates shall
have become effective or any further supplement to such
Prospectus has been filed, (ii) of any request by the
Commission for any amendment of such Registration Statement
or Prospectus or for any additional information, (iii) of
the issuance by the Commission of any stop order suspending
5
<PAGE>
the effectiveness of such Registration Statement or the
institution or threatening of any proceeding for that
purpose and (iv) of the receipt by the Company of any
written notification with respect to the suspension of the
qualification of such Offered Certificates for sale in any
jurisdiction or the initiation or threatening of any
proceeding for such purpose. The Company will not file any
amendment of the related Registration Statement or
supplement to the related Prospectus (other than any
amendment or supplement specifically relating to one or more
Series of pass-through certificates other than the Series
that includes the related Offered Certificates) unless the
Company has furnished the Underwriter with a copy for its
review prior to filing. The Company will use its best
efforts to prevent the issuance of any such stop order and,
if issued, to obtain as soon as possible the withdrawal
thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined in
Section 8 below) with respect to the Offered Certificates of
a Series that are delivered by the Underwriter to the
Company pursuant to Section 8 to be filed with the
Commission on a Current Report on Form 8-K (a "Current
Report") pursuant to Rule 13a-11 under the Exchange Act on
the business day immediately following the later of (i) the
day on which such Computational Materials and Structural
Term Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed with
the Commission on a Current Report pursuant to Rule 13a-11
under the Exchange Act on the business day immediately
following the day on which such Collateral Term Sheet is
delivered to counsel for the Company by the Underwriter
prior to 10:30 a.m. In addition, if at any time prior to the
availability of the related Prospectus Supplement the
Underwriter has delivered to any prospective investor a
Collateral Term Sheet that reflects, in the reasonable
judgement of the Underwriter and the Company, a material
change in the characteristics of the Mortgage Loans for the
related Series from those on which a Collateral Term Sheet
with respect to the related Series previously filed with the
Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on the
business day immediately following the day on which such
Collateral Term Sheet is delivered to counsel for the
6
<PAGE>
Company by the Underwriter prior to 10:30 a.m. In each case,
the Company will promptly advise the Underwriter when such
Current Report has been so filed. Each such Current Report
shall be incorporated by reference in the related Prospectus
and the related Registration Statement. Notwithstanding the
five preceding sentences, the Company shall have no
obligation to file any materials provided by the Underwriter
pursuant to Sections 8 and 9 which, in the reasonable
determination of the Company after making reasonable efforts
to consult with the Underwriter, are not required to be
filed pursuant to the Kidder Letters or the PSA Letter (each
as defined in Section 8 below), or which contain erroneous
information or contain any untrue statement of a material
fact or, when read in conjunction with the Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading; it being understood,
however, that the Company shall have no obligation to review
or pass upon the accuracy or adequacy of, or to correct, any
Computational Materials, Structural Term Sheets or
Collateral Term Sheets provided by the Underwriter to the
Company pursuant to Section 8 or Section 9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or supplemented
would include any untrue statement of a material fact or
omit to state any material fact necessary to make the
statements therein in light of the circumstances under which
they were made not misleading, or if it shall be necessary
at any time to amend or supplement the related Prospectus to
comply with the Act or the rules thereunder, the Company
promptly will prepare and file with the Commission, subject
to paragraph (a) of this Section 5, an amendment or
supplement which will correct such statement or omission or
an amendment which will effect such compliance; provided,
however, that the Company will not be required to file any
such amendment or supplement with respect to any
Computational Materials, Structural Term Sheets or
Collateral Term Sheets incorporated by reference in the
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of such
Collateral Term Sheets that are furnished to the Company by
the Underwriter pursuant to Section 9(d) hereof which the
Company determines to file in accordance therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
7
<PAGE>
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however, that
the Company shall not be required to qualify to do business
in any jurisdiction where it is not qualified on the date of
the related Terms Agreement or to take any action which
would subject it to general or unlimited service of process
in any jurisdiction in which it is not, on the date of the
related Terms Agreement, subject to such service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office of
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided in
this paragraph (f) and in Section 7 hereof, the Underwriter
will pay all its own costs and expenses, including the fees
of Brown & Wood, counsel for the Underwriter, transfer taxes
on resale of any Offered Certificates by it, advertising
expenses connected with any offers that it may make, the
fees of KPMG Peat Marwick with respect to its letters
furnished pursuant to Section 6(i) of the Agreement and any
letter furnished pursuant to the last sentence of Section
8
<PAGE>
6(h) hereof, the fees of any firm of public accountants
selected by the Underwriter with respect to their letter
furnished pursuant to Section 8(c) of the Agreement and any
other costs and expenses specified in the related Terms
Agreement as "Additional Expenses").
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect that:
(i) this Agreement and the related
Terms Agreement have been duly authorized, executed and
delivered by the Company;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Company and is a legal, valid and
binding agreement of the Company enforceable against
the Company in accordance with its terms;
(iii) the issuance of the Certificates of the
related Series and sale of the related Offered
Certificates has been duly authorized by the Company
and the Certificates of such Series, when duly
countersigned by the Trustee in accordance with the
related Pooling and Servicing Agreement, will be
validly issued and outstanding and entitled to the
benefits of such Pooling and Servicing Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
9
<PAGE>
under the Investment Company Act of 1940, as amended;
(v) the related Registration Statement has
become effective under the Act, and, to the best of the
knowledge of such counsel, no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or are pending or contemplated by the
Commission under the Act; such Registration Statement
and the related Prospectus, and each amendment or
supplement thereto (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein) applicable to the related Offered
Certificates and the obligations of the Company
relating thereto, as of their respective effective or
issue dates, appeared on their face to be appropriately
responsive in all material respects to the requirements
of the Act and the rules and regulations thereunder;
and no information has come to the attention of such
counsel that causes it to believe that (A) such
Registration Statement (except any document
incorporated by reference therein), as of the date it
became effective, or such Registration Statement
(except as aforesaid, and except the financial
statements and schedules and statistical data included
therein and the documents incorporated by reference
therein) as of the date the most recent post-effective
amendment thereto, if any, became effective, contained
any untrue statement of a material fact or omitted to
state any material fact required to be stated therein
or necessary to make the statements therein not
misleading or (B) such Prospectus (except any document
incorporated by reference therein) or any amendment or
supplement thereto (except as aforesaid, and except the
financial statements and schedules and statistical data
included therein and the documents incorporated by
reference therein), as of their respective issue dates
or at the related Closing Date, contained or contains
any untrue statement of a material fact or omitted or
omits to state any material fact necessary in order to
make the statements therein, in light of the
circumstances under which they were made, not
misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
10
<PAGE>
(vii) the statements in the related
Prospectus under the headings "Certain Legal Aspects of
the Mortgage Loans and Contracts -- The Mortgage
Loans", "Certain Federal Income Tax Consequences"
(insofar as they relate specifically to the purchase,
ownership and disposition of the related Offered
Certificates) and "ERISA Considerations" (insofar as
they relate specifically to the purchase, ownership and
disposition of such Offered Certificates), to the
extent that they constitute matters of law or legal
conclusions, provide a fair summary of such law or
conclusions;
(viii) assuming compliance with the provisions
of the related Pooling and Servicing Agreement, for
federal income tax purposes, (A) if any election is
made to treat the assets of the Trust Fund as a REMIC:
the related Trust Fund (and any specified subgrouping
therein) will qualify as a REMIC pursuant to Section
860D of the Internal Revenue Code of 1986, as amended
(the "Code"), each Class of Certificates of the related
Series, other than the related Residual Class or
Classes, will constitute a class of "regular interests"
in the related REMIC within the meaning of the Code,
and each Class of such Certificates specified in the
related Prospectus as a Class of Residual Certificates
will constitute the "residual interest" in the related
REMIC within the meaning of the Code; (B) if no such
REMIC election is made: the Trust Fund will be treated
as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two highest
rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance, a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such opinion
may assume the due authorization, execution and delivery of
the instruments and documents referred to therein by the
parties thereto other than the Company. Such opinion may be
qualified, insofar as it concerns the enforceability of the
documents referred to therein, to the extent that such
enforceability may be limited by bankruptcy, insolvency,
reorganization or other similar laws affecting the
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enforcement of creditors' rights in general and by
general equity principles (regardless of whether such
enforcement is considered in a proceeding in equity or at
law). Such opinion may be further qualified as expressing no
opinion as to (x) the statements in the related Prospectus
under the heading "Certain Legal Aspects of the Mortgage
Loans and Contracts -- The Mortgage Loans" except insofar as
such statements relate to the laws of the State of New York
and the laws of the United States, and (y) the statements in
such Prospectus under the headings "ERISA Considerations"
and "Certain Federal Income Tax Consequences" except insofar
as such statements relate to the laws of the United States.
In addition, such opinion may be qualified as an opinion
only on the laws of the State of New York and the laws of
the United States.
(c) The General Counsel for the Company shall have
furnished to the Underwriter an opinion, dated the related
Closing Date, to the effect that:
(i) The Company has been duly incorporated
and is validly existing as a corporation in good
standing under the laws of the State of New Jersey,
with corporate power to own its properties, to conduct
its business as described in the related Prospectus and
to enter into and perform its obligations under this
Agreement, the related Terms Agreement, the related
Pooling and Servicing Agreement and the Certificates of
the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related Pooling
and Servicing Agreement;
(iii) No consent, approval, authorization or
order of any court or governmental agency or body is
required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment of
the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
12
<PAGE>
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the terms
of any indenture or other agreement or instrument known
to such counsel to which the Company is a party or by
which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
transactions contemplated by this Agreement, such Terms
Agreement or such Pooling and Servicing Agreement, or
(iii) which might materially and adversely affect the
performance by the Company of its obligations under, or
the validity or enforceability of, this Agreement, such
Terms Agreement, such Pooling and Servicing Agreement
or the related Certificates.
In rendering her opinion such counsel may rely as to matters
of fact, to the extent deemed proper and as stated therein,
on certificates of responsible officers of the Company or
public officials. In addition, such opinion may be qualified
as an opinion only on the laws of the State of New Jersey.
(d) The Underwriter shall have received from Brown
& Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the Underwriter
may reasonably require, and the Company shall have furnished
to such counsel such documents as the Underwriter may
reasonably request for the purpose of enabling them to pass
upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
13
<PAGE>
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its part
to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that the
Detailed Description referred to in such Prospectus
includes any untrue statement of a material fact or
omits to state any information which the Prospectus
states will be included in such Detailed Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly incorporated
and is validly existing as a corporation in good
standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
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<PAGE>
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether enforcement
is sought in a proceeding in equity or at law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization or
order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of any
term or provision of, or constitute a default under,
the Articles of Organization, as amended, or By-Laws of
the Trustee, or any Massachusetts or federal statute or
regulation applicable to the Trustee, or to such
counsel's knowledge, any indenture or other agreement
or instrument to which the Trustee is a party or by
which it is bound, or, to such counsel's knowledge, any
order of any state or federal court, regulatory body,
administrative agency or governmental body having
jurisdiction over the Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick shall have furnished to the
Underwriter a letter, dated as of the date of the related
Terms Agreement, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
15
<PAGE>
general accounting records of the Company) set forth in the
related Prospectus Supplement under the caption "Delinquency
and Foreclosure Experience of the Company" agrees with the
accounting records of the Company, excluding any questions
of legal interpretation.
(h) KPMG Peat Marwick shall have furnished to the
Underwriter a letter, dated as of the related Closing Date,
in form and substance satisfactory to the Underwriter,
stating in effect that they have performed certain specified
procedures as a result of which they have determined that
such information as the Underwriter may reasonably request
of an accounting, financial or statistical nature (which is
limited to accounting, financial or statistical information
derived from the general accounting records of the Company
and which is obtained from an analysis of a sample of the
Mortgage Loans included in the related pool) set forth in
the related Prospectus Supplement under the caption
"Description of the Mortgage Pool and the Mortgaged
Properties" or "Description of the Mortgage Pools and the
Mortgaged Properties", as the case may be, and in the
Detailed Description relating to such Prospectus Supplement
is mutually consistent and agrees with the accounting
records of the Company and, where applicable, the related
Mortgage Loan files of the Company, excluding any questions
of legal interpretation. In addition, if applicable, such
accountants shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, which shall
include a statement or statements to the effect that based
upon the assumptions and methodology agreed to by the
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC Balances
Table, TAC Balances Table, Scheduled Balances Table, Maximum
or Minimum Scheduled Balances Table or other scheduled
balances table attached as an exhibit to the related Pooling
and Servicing Agreement.
(i) KPMG Peat Marwick shall have furnished to the
Underwriter and the Company a letter or letters, dated as of
the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable, to
the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all of
which shall be described by reference in such letter,
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<PAGE>
they recomputed the percentages of initial principal
balance outstanding as of each of the Distribution
Dates (as defined in such Prospectus) indicated and the
weighted average lives of each Class of Offered
Certificates at each of the indicated percentages of
the applicable Prepayment Assumption, and they compared
the recomputed percentages and weighted average lives
to the corresponding percentages and weighted average
lives set forth in the related tables and found them to
be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or any
other scheduled balances set forth in such Prospectus
for each indicated Distribution Date, and have verified
the mathematical accuracy of any initial Effective
Ranges of any PAC Certificates, Scheduled Certificates
or other scheduled Certificates set forth in such
Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash flows
are set forth in such Prospectus at the indicated
percentages of the Prepayment Assumption and, if
applicable, at the indicated values of COFI, LIBOR or
any other index, as applicable.
(j) The Offered Certificates of the related Series
shall have received the ratings specified in the related
Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the Company
shall have furnished to the Underwriter such further
information, certificates and documents as the Underwriter
may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the related
Closing Date of such Certificates to the purchaser thereof
shall have occurred.
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<PAGE>
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered Certificates
as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials and
ABS Term Sheets in respect of which the Company agrees to
indemnify the Underwriter, as set forth below, when such are read
in conjunction with the related Prospectus and Prospectus
Supplement) to state therein a material fact required to be
stated therein or necessary to make the statements therein not
misleading, and agrees to reimburse each such indemnified party
for any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim,
18
<PAGE>
damage, liability or action; provided, however, that (i) the
Company will not be liable in any such case to the extent that
any such loss, claim, damage or liability arises out of or is
based upon any such untrue statement or alleged untrue statement
or omission or alleged omission made therein (A) in reliance upon
and in conformity with written information furnished to the
Company as herein stated by or on behalf of the Underwriter
specifically for use in connection with the preparation thereof
or (B) in any Current Report or any amendment or supplement
thereof, except to the extent that any untrue statement or
alleged untrue statement therein or omission therefrom results
(or is alleged to have resulted) directly from an error (a
"Mortgage Pool Error") in the information concerning the
characteristics of the Mortgage Loans furnished by the Company to
the Underwriter in writing or by electronic transmission that was
used in the preparation of either (x) any Computational Materials
or ABS Term Sheets (as defined in Section 9 below) (or amendments
or supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials or ABS
Term Sheets (or any written or electronic materials on which the
Computational Materials are based) that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
19
<PAGE>
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 and
incorporated by reference in such Registration Statement or the
related Prospectus or any amendment or supplement thereof (except
that no such indemnity shall be available for any losses, claims,
damages or liabilities, or actions in respect thereof, resulting
from any Mortgage Pool Error, other than a Corrected Mortgage
Pool Error). This indemnity agreement will be in addition to any
liability which the Underwriter may otherwise have. The Company
acknowledges that the statements set forth in the second sentence
of the ante-penultimate paragraph, the first sentence of the
penultimate paragraph, and in the last paragraph appearing on the
cover page of the related Prospectus Supplement as such
statements relate to such Offered Certificates and the second
sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
20
<PAGE>
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
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Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered Certificates
purchased by the Underwriter pursuant to this Agreement and
the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials on which the Computational
Materials are based, in such proportion as is appropriate to
reflect the relative fault of the Company on the one hand
and the Underwriter on the other in connection with the
statements or omissions which resulted in such losses,
claims, damages or liabilities (or actions in respect
thereof) as well as any other relevant equitable
considerations. The relative fault shall be determined by
reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission
or alleged omission to state a material fact in such
Computational Materials or ABS Term Sheets (or any
amendments or supplements thereof or such written or
electronic materials) results from information prepared by
the Company on the one hand or the Underwriter on the other
and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such
statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term
Sheets. (a) Not later than 10:30 a.m., New York time, on the
business day before the date on which the Current Report relating
to the Offered Certificates of a Series is required to be filed
22
<PAGE>
by the Company with the Commission pursuant to Section 5(b)
hereof, the Underwriter shall deliver to the Company five
complete copies of all materials provided by the Underwriter to
prospective investors in such Offered Certificates which
constitute (i) "Computational Materials" within the meaning of
the no-action letter dated May 20, 1994 issued by the Division of
Corporation Finance of the Commission to Kidder, Peabody
Acceptance Corporation I, Kidder, Peabody & Co. Incorporated, and
Kidder Structured Asset Corporation and the no-action letter
dated May 27, 1994 issued by the Division of Corporation Finance
of the Commission to the Public Securities Association (together,
the "Kidder Letters"), the filing of which material is a
condition of the relief granted in such letter (such materials
being the "Computational Materials"), and (ii) "Structural Term
Sheets" within the meaning of the no-action letter dated February
17, 1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters, and
such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with the
PSA Letter, and such Structural Term Sheets comply with
the requirements of the PSA Letter;
(iii) on the date any such Computational Materials
23
<PAGE>
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include any
untrue statement of a material fact or, when read in
conjunction with the related Prospectus and Prospectus
Supplement, omit to state a material fact required to
be stated therein or necessary to make the statements
therein not misleading;
(iv) the Underwriter has not represented to any
prospective investor that any Computational Materials
or Structural Term Sheets with respect to any Series
were prepared or disseminated on behalf of the Company,
and, except as otherwise disclosed by the Underwriter
to the Company in writing prior to the date hereof, all
Computational Materials and Structural Term Sheets
furnished to prospective investors (and all written and
electronic materials furnished to prospective investors
on which the Computational Materials are based)
included a disclaimer to the effect set forth in
Section 8(d); and
(v) at the time any Computational Materials (or any
written or electronic materials furnished to
prospective investors on which the Computational
Materials are based) with respect to such Offered
Certificates were furnished to a prospective investor
and on the date of the related Terms Agreement, the
Underwriter possessed, and on the date of delivery of
such materials to the Company pursuant to this Section
8 and on the related Closing Date, the Underwriter will
possess, the capability, knowledge, expertise,
resources and systems of internal control necessary to
ensure that such Computational Materials conform to the
representations and warranties of the Underwriter
contained in subparagraphs (i) and (iii) above of this
paragraph (b).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
24
<PAGE>
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that the
Company has not authorized and will not authorize the
distribution of any Computational Materials (or any written or
electronic materials on which the Computational Materials are
based) or Structural Term Sheets to any prospective investor, and
agrees that any Computational Materials or Structural Term Sheets
with respect to any Series of Certificates furnished to
prospective investors from and after the date hereof shall
include a disclaimer in form satisfactory to the Company to the
effect that such materials have been prepared and disseminated
solely by and on behalf of the Underwriter, and that the Company
has not reviewed or participated in the preparation or
dissemination of such materials and is not responsible for the
contents or accuracy thereof. The Underwriter agrees that it will
not represent to prospective investors that any Computational
Materials or Structural Term Sheets were prepared or disseminated
on behalf of the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
25
<PAGE>
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading. The Company shall have no
obligation to file such amendment or supplement if the Company
determines that (i) such amendment or supplement contains any
untrue statement of a material fact or, when read in conjunction
with the related Prospectus and Prospectus Supplement, omits to
state a material fact required to be stated therein or necessary
to make the statements therein not misleading; it being
understood, however, that the Company shall have no obligation to
review or pass upon the accuracy or adequacy of, or to correct,
any such amendment or supplement provided by the Underwriter to
the Company pursuant to this paragraph (e) or (ii) such filing is
not required under the Act.
9. Collateral Term Sheets. (a) Prior to the delivery of
any "Collateral Term Sheet" within the meaning of the PSA Letter,
the filing of which material is a condition of the relief granted
in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute
"Collateral Term Sheets." Each delivery of a Collateral Term
Sheet to the Company pursuant to this paragraph (a) shall be
effected by delivering four copies of such materials to counsel
for the Company on behalf of the Company at the address specified
in Section 3 hereof and one copy of such materials to the
Company. (Collateral Term Sheets and Structural Term Sheets are,
together, referred to herein as "ABS Term Sheets.") At the time
of each such delivery, the Underwriter shall indicate in writing
that the materials being delivered constitute Collateral Term
Sheets, and, if there has been any prior such delivery with
respect to the related Series, shall indicate whether such
materials differ in any material respect from any Collateral Term
Sheets previously delivered to the Company with respect to such
Series pursuant to this Section 9(a) as a result of the
occurrence of a material change in the characteristics of the
related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
26
<PAGE>
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the Company
that are required to be filed with the Commission as
"Collateral Term Sheets" with respect to the related Offered
Certificates in accordance with the PSA Letter, and such
Collateral Term Sheets comply with the requirements of the
PSA Letter;
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a) and
on the related Closing Date, such Collateral Term Sheets did
not and will not include any untrue statement of a material
fact or, when read in conjunction with the Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading; and
(iii) the Underwriter has not represented to
any prospective investor that any Collateral Term Sheets
with respect to any Series were prepared or disseminated on
behalf of the Company, and, except as otherwise disclosed by
the Underwriter to the Company in writing prior to the date
hereof, all Collateral Term Sheets previously furnished to
prospective investors included a disclaimer to the effect
set forth in Section 8(d).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
shall include a disclaimer in form satisfactory to the Company to
the effect set forth in Section 8(d) hereof, and to the effect
that the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
27
<PAGE>
Form 8-K. The Underwriter agrees that it will not represent to
prosective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading. The Company shall have no
obligation to file such amendment or supplement if the Company
determines that (i) such amendment or supplement contains any
untrue statement of a material fact or, when read in conjunction
with the related Prospectus and Prospectus Supplement, omits to
state a material fact required to be stated therein or necessary
to make the statements therein not misleading; it being
understood, however, that the Company shall have no obligation to
review or pass upon the accuracy or adequacy of, or to correct,
any such amendment or supplement provided by the Underwriter to
the Company pursuant to this paragraph (d) or (ii) such filing is
not required under the Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
28
<PAGE>
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Post
Office Box 5260, Cherry Hill, New Jersey 08002, Attention:
General Counsel.
If the foregoing is in accordance with your
29
<PAGE>
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By: ____________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
PAINEWEBBER INCORPORATED
By: _____________________________
Name:
Title:
30
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated April 24, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08034
PaineWebber Incorporated (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase such Classes of Series ____-__ Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool: $[
] aggregate principal balance as of the Cutoff Date, subject
to [an upward or downward variance of up to [ ]%, the
precise aggregate principal balance to be determined by the
Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than $[
] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A - 1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the variance
referred to in Section 1(a)[and, as to any particular Class,
to an upward or downward variance of up to [ ]%]:
Class Principal Interest Class Purchase
Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------------
* to be inserted if applicable.
A - 2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
PAINEWEBBER INCORPORATED
By: ____________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By: ____________________________
Name:
Title:
A - 3
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-4
TERMS AGREEMENT
---------------
(to Underwriting Agreement
dated April 24, 1995,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus February 19, 1998
Cherry Hill, NJ 08002
PaineWebber Incorporated (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase the Classes of Series 1998-4 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 1998-4 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-43755).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1998-4
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 February 1, 1998 (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$601,414,123 aggregate principal balance as of the Cut-off
Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance will be
not less than $570,000,000 or greater than $630,000,000.
<PAGE>
(b) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans
included in the Mortgage Pool shall be between 20 and 30
years.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a):
Class
Purchase
Principal Interest Price
Class Balance Rate Percentage
- ----- ------- ---- ----------
Class M $11,127,000.00 6.75% 98.531250%
Class B1 5,413,000.00 6.75 97.812500
Class B2 2,706,000.00 6.75 95.375000
(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, February 26,
1998 (the "Closing Date").
Section 4. Required Ratings: The Class M, Class B1 and
Class B2 Certificates, shall have received Required Ratings of at
least "AA," "A" and "BBB," respectively, from Fitch IBCA, Inc.
Section 5. Tax Treatment: One or more elections will
be made to treat the assets of the Trust Fund as a REMIC.
Section 6. Additional Expenses. The Underwriter will
pay all expenses (e.g., shipping, postage and courier costs)
associated with the delivery of the Prospectus to prospective
investors and investors, other than the costs of delivery to the
Underwriter's facilities, provided, that if courier services
(other than overnight delivery services utilized in the ordinary
course of business) are required to ensure that the Prospectus is
delivered to investors on the day immediately preceding the
Closing Date, the Company will pay such courier expenses.
2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
PAINEWEBBER INCORPORATED
By:_______________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
Execution
- -----------------------------------------------------------------
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
------------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of February 1, 1998
------------------------------------
REMIC Multi-Class Pass-Through Certificates,
Series 1998-4
- -----------------------------------------------------------------
<PAGE>
Section Page
- ------- ----
TABLE OF CONTENTS
-----------------
ARTICLE I
DEFINITIONS
1.01. Definitions.............................................. 1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
2.01. Conveyance of Mortgage Loans............................. 41
2.02. Acceptance by Trustee.................................... 46
2.03. Representations and Warranties of the Company;
Mortgage Loan Repurchase................................ 47
2.04. Execution of Certificates................................ 54
2.05. Designations under the REMIC Provisions.................. 55
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer............................... 56
3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate Account....... 60
3.03. Collection of Taxes, Assessments and Other Items......... 63
3.04. Permitted Debits to the Mortgage Loan Payment Record..... 64
3.05. Maintenance of the Primary Insurance Policies............ 65
3.06. Maintenance of Hazard Insurance.......................... 66
3.07. Assumption and Modification Agreements................... 67
3.08. Realization Upon Defaulted Mortgage Loans................ 68
3.09. Trustee to Cooperate; Release of Mortgage Files.......... 71
3.10. Servicing Compensation; Payment of Certain Expenses
by the Company.......................................... 72
3.11. Reports to the Trustee; Certificate Account Statements... 73
3.12. Annual Statement as to Compliance........................ 73
3.13. Annual Independent Public Accountants'
Servicing Report........................................ 73
3.14. Access to Certain Documentation and Information
Regarding the Mortgage Loans............................ 74
3.15. Maintenance of Certain Servicing Policies................ 75
3.16. Optional Purchase of Defaulted Mortgage Loans............ 75
i
<PAGE>
Section Page
- ------- ----
ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions............................................ 75
4.02. Method of Distribution................................... 81
4.03. Allocation of Losses..................................... 82
4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans.......................................... 84
4.05. Statements to Certificateholders......................... 85
4.06. Servicer's Certificate................................... 88
4.07. Reports of Foreclosures and Abandonments of Mortgaged
Property................................................ 88
4.08. Reduction of Base Servicing Fees by Compensating
Interest Payments....................................... 88
4.09. Surety Bond.............................................. 88
ARTICLE V
THE CERTIFICATES
5.01. The Certificates......................................... 88
5.02. Registration of Transfer and Exchange of
Certificates............................................ 91
5.03. Mutilated, Destroyed, Lost or Stolen Certificates........ 98
5.04. Persons Deemed Owners.................................... 98
5.05. Access to List of Certificateholders' Names
and Addresses........................................... 98
5.06. Representation of Certain Certificateholders............. 99
5.07. Determination of COFI.................................... 99
5.08. Determination of LIBOR...................................100
ARTICLE VI
THE COMPANY
6.01. Liability of the Company.................................101
6.02. Merger or Consolidation of, or Assumption of the
Obligations of, the Company.............................102
6.03. Assignment...............................................102
6.04. Limitation on Liability of the Company and Others........102
6.05. The Company Not to Resign................................103
ARTICLE VII
DEFAULT
7.01. Events of Default........................................103
7.02. Trustee to Act; Appointment of Successor.................105
7.03. Notification to Certificateholders.......................106
ii
<PAGE>
Section Page
- ------- ----
ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee........................................106
8.02. Certain Matters Affecting the Trustee....................108
8.03. Trustee Not Liable for Certificates or
Mortgage Loans..........................................109
8.04. Trustee May Own Certificates.............................110
8.05. The Company to Pay Trustee's Fees and Expenses...........110
8.06. Eligibility Requirements for Trustee.....................110
8.07. Resignation or Removal of Trustee........................111
8.08. Successor Trustee........................................111
8.09. Merger or Consolidation of Trustee.......................112
8.10. Appointment of Co-Trustee or Separate Trustee............112
8.11. Compliance with REMIC Provisions; Tax Returns............114
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans.......................114
9.02. Additional Termination Requirements......................116
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment...............................................117
10.02. Recordation of Agreement................................118
10.03. Limitation on Rights of Certificateholders..............118
10.04. Governing Law...........................................119
10.05. Notices.................................................119
10.06. Notices to the Rating Agencies..........................120
10.07. Severability of Provisions..............................120
10.08. Certificates Nonassessable and Fully Paid...............121
iii
<PAGE>
Section Page
- ------- ----
Exhibits
--------
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans (including list of Cooperative
Loans)
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to
ERISA Matters for Definitive
ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate
Transferee Affidavit
EXHIBIT G Form of Residual Certificate
Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for
Definitive Restricted Certificates
EXHIBIT J Form of Distribution Date
Statement
EXHIBIT K Form of Special Servicing and
Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and
Agreement
EXHIBIT M Schedule of Designated Loans
EXHIBIT N Schedule of Pledged Asset Mortgage Loans
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of
February 1, 1998, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and STATE STREET BANK AND TRUST COMPANY, a
Massachusetts banking corporation, as Trustee.
W I T N E S S E T H T H A T :
In consideration of the mutual agreements herein
contained, GE Capital Mortgage Services, Inc. and State Street
Bank and Trust Company agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Accretion Directed Certificate: None.
Accretion Termination Date: None.
Accrual Amount: As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date through the related Accretion Termination
Date, the sum of (x) any amount of Accrued Certificate
Interest allocable to such Class or Component pursuant to
Section 4.01(a)(i) on such Distribution Date and (y) any
amount of Unpaid Class Interest Shortfall allocable to such
Class or Component pursuant to Section 4.01(a)(ii) on such
Distribution Date, to the extent that such amounts are
distributed to any Accretion Directed Certificates pursuant
to Section 4.01(e). As to any Class of Accrual Certificates
and any Accrual Component and each Distribution Date after
the related Accretion Termination Date, zero.
Accrual Certificates: None.
Accrual Component: None.
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates and any Class of Certificates
consisting of Specified Components), interest accrued
during the related Interest Accrual Period at the
applicable Certificate Interest Rate on the Class
Certificate Principal
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Balance (or, in the case of any Class of Notional
Certificates on the aggregate Notional Principal Balance)
thereof immediately prior to such Distribution Date,
calculated on the basis of a 360-day year consisting of
twelve 30-day months. As to any Distribution Date and any
Specified Component (other than any Principal Only
Component), interest accrued during the related Interest
Accrual Period at the applicable Component Interest Rate on
the Component Principal Balance (or Notional Component
Principal Balance) thereof immediately prior to such
Distribution Date, calculated on the basis of a 360-day
year consisting of twelve 30-day months. As to any
Distribution Date and any Class of Certificates consisting
of Specified Components, the aggregate of Accrued
Certificate Interest on such Specified Components for such
Distribution Date.
Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates and any Class of Certificates consisting of
Specified Components) and any Specified Component (other
than any Principal Only Component) shall be reduced by such
Class's or Specified Component's share of the amount of any
Net Interest Shortfall and Certificate Interest Losses for
such Distribution Date. Any Net Interest Shortfall and
Certificate Interest Losses shall be allocated among (x)
the Classes of Certificates (other than any Class of
Principal Only Certificates and any Class of Certificates
consisting of Specified Components) and (y) the Specified
Components (other than any Principal Only Component) of any
Component Certificate in proportion to the respective
amounts of Accrued Certificate Interest that would have
resulted absent such shortfall or losses.
Additional Collateral: With respect to any Mortgage
100SM Loan, the marketable securities held from time to
time as security for the repayment of such Mortgage 100SM
Loan and any related collateral. With respect to any Parent
PowerSM Loan, the third-party guarantee for such Parent
PowerSM Loan, together with (i) any marketable securities
held from time to time as security for the performance of
such guarantee and any related collateral or (ii) any
mortgaged property securing the performance of such
guarantee, the related home equity line of credit loan and
any related collateral.
Agreement: This Pooling and Servicing Agreement and
all amendments hereof and supplements hereto.
Allocable Share: (a) As to any Distribution Date and
amounts distributable pursuant to clauses (i) and (iii) of
the definition of Junior Optimal Principal Amount, and as to
each Class of Junior Certificates, the fraction, expressed
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as a percentage, the numerator of which is the Class
Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
Principal Balance of the Junior Certificates.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount, and as to
the Class M Certificates and each Class of Class B
Certificates for which the related Prepayment Distribution
Trigger has been satisfied on such Distribution Date, the
fraction, expressed as a percentage, the numerator of which
is the Class Certificate Principal Balance of such Class
and the denominator of which is the aggregate Class
Certificate Principal Balance of all such Classes. As to
any Distribution Date and each Class of Class B
Certificates for which the related Prepayment Distribution
Trigger has not been satisfied on such Distribution Date,
0%.
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest
due in such month in accordance with the terms of the
related Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date, the total of all amounts credited to the
Mortgage Loan Payment Record as of the preceding
Determination Date on account of (i) Principal Prepayments,
Insurance Proceeds and Liquidation Proceeds received
subsequent to the preceding Prepayment Period applicable to
such receipts, and (ii) monthly payments of principal and
interest due subsequent to the preceding Due Date.
Anniversary Determination Date: The Determination Date
occurring in March of each year that the Certificates are
outstanding, commencing in March 1999.
Assignment of Proprietary Lease: With respect to a
Cooperative Loan, the assignment of the related Proprietary
Lease from the Mortgagor to the originator of the
Cooperative Loan.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and as to any Non-Primary
Residence Loan remaining in the Mortgage Pool whose
original principal balance was 80% or greater of the
Original Value thereof, the excess of (i) the Monthly
Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by
principal balance) of the Remittance Rates of all
Outstanding Mortgage Loans (the "Weighted Average Rate") as
of such Anniversary Determination Date over (ii) the
Monthly Payment thereof
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calculated on the assumption that the Remittance Rate
thereon was equal to the Weighted Average Rate less 1.25%
per annum.
Available Funds: As to each Distribution Date, an
amount equal to the sum of (i) all amounts credited to the
Mortgage Loan Payment Record pursuant to Section 3.02 as of
the preceding Determination Date, (ii) any Monthly Advance
and any Compensating Interest Payment for such Distribution
Date, (iii) the Purchase Price of any Defective Mortgage
Loans and Defaulted Mortgage Loans deposited in the
Certificate Account on the Business Day preceding such
Distribution Date (including any amounts deposited in the
Certificate Account in connection with any substitution of
a Mortgage Loan as specified in Section 2.03(b)), and (iv)
the purchase price of any defaulted Mortgage Loan purchased
under an agreement entered into pursuant to Section 3.08(e)
as of the end of the preceding Prepayment Period less the
sum of (x) the Amount Held for Future Distribution, (y) the
amount of any Unanticipated Recovery credited to the
Mortgage Loan Payment Record pursuant to clause (vi) of
Section 3.02, and (z) amounts permitted to be debited from
the Mortgage Loan Payment Record pursuant to clauses (i)
through (vii) and (ix) of Section 3.04.
Bankruptcy Coverage Termination Date: The Distribution
Date upon which the Bankruptcy Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Bankruptcy Loss Amount: As of any Determination Date
prior to the first Anniversary Determination Date, the
Bankruptcy Loss Amount shall equal $227,054, as reduced by
the aggregate amount of Deficient Valuations and Debt
Service Reductions since the Cut-off Date. As of any
Determination Date after the first Anniversary
Determination Date, other than an Anniversary Determination
Date, the Bankruptcy Loss Amount shall equal the Bankruptcy
Loss Amount on the immediately preceding Anniversary
Determination Date as reduced by the aggregate amount of
Deficient Valuations and Debt Service Reductions since such
preceding Anniversary Determination Date. As of any
Anniversary Determination Date, the Bankruptcy Loss Amount
shall equal the lesser of (x) the Bankruptcy Loss Amount as
of the preceding Determination Date as reduced by any
Deficient Valuations and Debt Service Reductions for the
preceding Distribution Date, and (y) the greater of (i) the
Fitch Formula Amount for such Anniversary Determination
Date and (ii) the Formula Amount for such Anniversary
Determination Date.
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The Bankruptcy Loss Amount may be further reduced by
the Company (including accelerating the manner in which
such coverage is reduced) provided that prior to any such
reduction, the Company shall obtain written confirmation
from each Rating Agency that such reduction shall not
adversely affect the then-current rating assigned to the
related Classes of Certificates by such Rating Agency and
shall provide a copy of such written confirmation to the
Trustee.
Base Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i)
the Scheduled Principal Balance of such Mortgage Loan as of
the Due Date in the preceding calendar month and (ii) the
Base Servicing Fee Rate for such Mortgage Loan. The Base
Servicing Fee for any Distribution Date is subject to
adjustment pursuant to Section 3.08(d) (with respect to a
Realized Loss) or the definition of Interest Loss (with
respect to the interest portion of a Debt Service
Reduction).
Base Servicing Fee Rate: As to any Mortgage Loan, the
per annum rate identified as such for such Mortgage Loan and
set forth in the Mortgage Loan Schedule.
BBA: The British Bankers' Association.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than the
Class B3, Class B4, Class B5, Class PO and Class R
Certificates, constitutes a Class of Book-Entry
Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
Buydown Funds: Funds contributed by the Mortgagor or
another source in order to reduce the interest payments
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required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which
the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period
and the difference between the amount paid by the Mortgagor
and the amount specified in the Mortgage Note is paid from
the related Buydown Funds.
Buydown Period: The period during which Buydown Funds
are required to be applied to the related Buydown Mortgage
Loan.
Certificate: Any one of the certificates signed and
countersigned by the Trustee in substantially the forms
attached hereto as Exhibit A.
Certificate Account: The trust account or accounts
created and maintained with the Trustee pursuant to Section
3.02 and which must be an Eligible Account.
Certificate Interest Loss: (i) On or prior to the
Cross-Over Date, any Interest Loss in respect of an Excess
Loss and (ii) after the Cross-Over Date, any Interest Loss,
in each case to the extent such Interest Loss is allocable
to the Certificates in accordance with Section 3.08(d)
(with respect to a Realized Loss) or the definition of
Interest Loss (with respect to the interest portion of a
Debt Service Reduction).
Certificate Interest Rate: With respect to any Class
of Certificates, other than the LIBOR Certificates, and as
of any Distribution Date, the per annum fixed rate
specified in Section 5.01(b). With respect to each Class of
LIBOR Certificates, the per annum variable rate at any time
at which interest accrues on the Certificates of such
Class, as determined pursuant to Section 5.01(e).
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner thereof.
Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal
Balance of such Certificate (plus, in the case of any
Accrual Certificate, its Percentage Interest of any related
Accrual Amount for each previous Distribution Date) less
the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal
Balance thereof on previous Distribution Dates pursuant to
Section 4.01, (ii) any Realized Losses allocated to such
Certificate on
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previous Distribution Dates pursuant to Section 4.03(b) and
(c), and (iii) in the case of a Subordinate Certificate,
such Certificate's Percentage Interest of the Subordinate
Certificate Writedown Amount allocated to such Certificate
on previous Distribution Dates. The Notional Certificates
are issued without Certificate Principal Balances.
Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Certificateholder or Holder: The person in whose name
a Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Class: All Certificates bearing the same class
designation.
Class A8 Percentage: With respect to any Distribution
Date, the percentage (carried to six places rounded up)
obtained by dividing (x) the Class Certificate Principal
Balance of the Class A8 Certificates immediately preceding
such Distribution Date, by (y) the aggregate Class
Certificate Principal Balance of all of the Senior
Certificates (other than the Class PO Certificates)
immediately preceding such Distribution Date.
Class A8 Prepayment Distribution Percentage: 0%
through the Distribution Date in February 2003; 30%
thereafter through the Distribution Date in February 2004;
40% thereafter through the Distribution Date in February
2005; 60% thereafter through the Distribution Date in
February 2006; 80% thereafter through the Distribution Date
in February 2007; and 100% thereafter.
Class A8 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
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of Senior Optimal Principal Amount for such date multiplied
by the Class A8 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 for such date multiplied by the product of
(x) the Class A8 Percentage for such date and (y) the Class
A8 Prepayment Distribution Percentage for such date;
provided, however, (i) on the Group I Final Distribution
Date, the Class A8 Principal Distribution Amount will be
increased by the portion of the Senior Optimal Principal
Amount remaining after distributions of principal have been
made on the Group I Senior Certificates and (ii) following
the Group I Final Distribution Date, the Class A8 Principal
Distribution Amount will equal the Senior Optimal Principal
Amount.
Class A8 Scheduled Distribution Percentage: For any
Distribution Date through the Distribution Date occurring
in February 2003, 0%. For any Distribution Date occurring
after the Distribution Date occurring in February 2003, the
Class A8 Percentage for such Distribution Date.
Notwithstanding the foregoing, on any Distribution Date
after the Group I Final Distribution Date, the Class A8
Scheduled Distribution Percentage will equal the Class A8
Percentage.
Class B Certificate: Any Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate.
Class Certificate Principal Balance: As to any Class
of Certificates, other than any Class of Notional
Certificates, and as of any date of determination, the
aggregate of the Certificate Principal Balances of all
Certificates of such Class. The Class Certificate Principal
Balance of each such Class of Certificates as of the
Closing Date is specified in Section 5.01(b).
Class Interest Shortfall: As to any Distribution Date
and any Class of Certificates (other than any Class of
Principal Only Certificates or any Class consisting of
Specified Components) or any Specified Component, any
amount by which the amount distributed to Holders of such
Class of Certificates or in respect of such Specified
Component (or added to the Class Certificate Principal
Balance of any Class of Accrual Certificates or to the
Component Principal Balance of any Accrual Component
constituting a Specified Component) on such Distribution
Date is less than the Accrued Certificate Interest thereon
or in respect thereof for such Distribution Date. As to any
Distribution Date and any Class of Certificates consisting
of Specified Components, the sum of the Class Interest
Shortfalls for such Components on such date.
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Class PO Deferred Amount: As to any Distribution Date
on or prior to the Cross-Over Date, the aggregate of the
applicable PO Percentage of the principal portion of each
Realized Loss, other than any Excess Loss, to be allocated
to the Class PO Certificates on such Distribution Date or
previously allocated to the Class PO Certificates and not
yet paid to the Holders of the Class PO Certificates
pursuant to Section 4.01(a)(iv).
Closing Date: February 26, 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, an amount equal to the aggregate of the
Interest Shortfalls described in clauses (a) and (b) of the
definition thereof with respect to such Distribution Date;
provided, however, that such amount shall not exceed the
lesser of (i) an amount equal to the product of (x) the
Pool Scheduled Principal Balance with respect to such
Distribution Date and (y) one-twelfth of 0.125%, and (ii)
the aggregate of the Base Servicing Fees that the Company
would be entitled to retain on such Distribution Date (less
any portion thereof paid as servicing compensation to any
Primary Servicer) without giving effect to any Compensating
Interest Payment.
Component: None.
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Component Certificate: None.
Component Interest Rate: None.
Component Principal Balance: As of any Distribution
Date, and with respect to any Component, other than any
Notional Component, the initial Component Principal Balance
thereof (as set forth, as applicable, in the definition of
Component) (plus, in the case of any Accrual Component, any
related Accrual Amount for each previous Distribution Date)
less the sum of (x) all amounts distributed in reduction
thereof on previous Distribution Dates pursuant to Section
4.01 and (y) the amount of all Realized Losses allocated
thereto pursuant to Section 4.03(d).
Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
Cooperative: A private, cooperative housing
corporation organized in accordance with applicable state
laws which owns or leases land and all or part of a
building or buildings located in the relevant state,
including apartments, spaces used for commercial purposes
and common areas therein and whose board of directors
authorizes, among other things, the sale of Cooperative
Stock.
Cooperative Apartment: A dwelling unit in a
multi-dwelling building owned or leased by a Cooperative,
which unit the Mortgagor has an exclusive right to occupy
pursuant to the terms of one or more Proprietary Leases.
Cooperative Loans: Any of the Mortgage Loans made in
respect of a Cooperative Apartment, evidenced by a Mortgage
Note and secured by (i) a Security Agreement, (ii) the
related Cooperative Stock Certificate(s), (iii) an
assignment of the Proprietary Lease(s), (iv) financing
statements and (v) a stock power (or other similar
instrument), and in addition thereto, a recognition
agreement between the Cooperative and the originator of the
Cooperative Loan, each of which was transferred and
assigned to the Trustee pursuant to Section 2.01 and are
from time to time held as part of the Trust Fund. The
Mortgage Loans identified in Exhibit C hereto are
Cooperative Loans.
Cooperative Stock: With respect to a Cooperative Loan,
the single outstanding class of stock, partnership interest
or other ownership instrument in the related Cooperative.
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Cooperative Stock Certificate: With respect to a
Cooperative Loan, the stock certificate(s) or other
instrument evidencing the related Cooperative Stock.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at Two
International Place, Boston, Massachusetts 02110,
Attention:
Corporate Trust Department.
Cross-Over Date: The first Distribution Date on which
the aggregate Class Certificate Principal Balance of the
Junior Certificates has been reduced to zero (giving effect
to all distributions on such Distribution Date).
Cut-off Date: February 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.
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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: None.
Designated Telerate Page: The Dow Jones Telerate
Service page 3750 (or such other page as may replace page
3750 on that service or such other service as may be
nominated by the BBA for the purpose of displaying the
Interest Settlement Rates).
Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Discount Mortgage Loan: Any Mortgage Loan with a Net
Mortgage Rate less than 6.75% per annum.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
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<PAGE>
electric and telephone cooperative described in Code
section 1381(a)(2)(C). The terms "United States," "State"
and "International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
Distribution Date: The 25th day of each calendar month
after the month of initial issuance of the Certificates,
or, if such 25th day is not a Business Day, the next
succeeding Business Day.
Distribution Date Statement: The statement referred to
in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: The first day of the month of the related
Distribution Date.
Eligible Account: An account that is either (i)
maintained with a depository institution the debt
obligations of which have been rated by each Rating Agency
in one of its two highest long-term rating categories and
has been assigned by S&P its highest short-term rating,
(ii) an account or accounts the deposits in which are fully
insured by either the BIF or the SAIF, (iii) an account or
accounts, in a depository institution in which such
accounts are insured by the BIF or the SAIF (to the limits
established by the FDIC), the uninsured deposits in which
accounts are either invested in Permitted Investments or
are otherwise secured to the extent required by the Rating
Agencies such that, as evidenced by an Opinion of Counsel
delivered to the Trustee, the Certificateholders have a
claim with respect to the funds in such account or a
perfected first security interest against any collateral
(which shall be limited to Permitted Investments) securing
such funds that is superior to claims of any other
depositors or creditors of the depository institution with
which such account is maintained, (iv) a trust account
maintained with the corporate trust department of a federal
or state chartered depository institution or of a trust
company with trust powers and acting in its fiduciary
capacity for the benefit of the Trustee hereunder or (v)
such account as will not cause either Rating Agency to
downgrade or withdraw its then-current rating assigned to
the Certificates, as evidenced in writing by the Rating
Agencies.
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ERISA: The Employee Retirement Income Security Act of
1974, as amended.
ERISA-Restricted Certificate: Any Junior Certificate.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: Any Deficient Valuation or
Debt Service Reduction, or portion thereof, (i) occurring
after the Bankruptcy Coverage Termination Date or (ii) if
on such date, in excess of the then-applicable Bankruptcy
Loss Amount.
Excess Fraud Loss: Any Fraud Loss, or portion thereof,
(i) occurring after the Fraud Coverage Termination Date or
(ii) if on such date, in excess of the then-applicable
Fraud Loss Amount.
Excess Loss: Any Excess Bankruptcy Loss, Excess Fraud
Loss or Excess Special Hazard Loss.
Excess Special Hazard Loss: Any Special Hazard Loss,
or portion thereof, (i) occurring after the Special Hazard
Termination Date or (ii) if on such date, in excess of the
then-applicable Special Hazard Loss Amount.
FDIC: The Federal Deposit Insurance Corporation, or
its successor in interest.
FHLMC: The Federal Home Loan Mortgage Corporation or
its successor in interest.
Financial Intermediary: A broker, dealer, bank or
other financial institution or other Person that clears
through or maintains a custodial relationship with a
Depository Participant.
Fitch: Fitch IBCA, Inc. and its successors.
Fitch Formula Amount: As to each Anniversary
Determination Date, the greater of (i) $50,000 and (ii) the
product of (x) the greatest Assumed Monthly Payment
Reduction for any Non-Primary Residence Loan whose original
principal balance was 80% or greater of the Original Value
thereof, (y) the weighted average remaining term to
maturity (expressed in months) of all the Non-Primary
Residence Loans remaining in the Mortgage Pool as of such
Anniversary Determination Date, and (z) the sum of (A) one
plus (B) the number of all remaining Non-Primary Residence
Loans divided by the total number of Outstanding Mortgage
Loans as of such Anniversary Determination Date.
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FNMA: The Federal National Mortgage Association or its
successor in interest.
Formula Amount: As to each Anniversary Determination
Date, the greater of (i) $100,000 and (ii) the product of
(x) 0.06% and (y) the Scheduled Principal Balance of each
Mortgage Loan remaining in the Mortgage Pool whose original
principal balance was 75% or greater of the Original Value
thereof.
Fraud Coverage Termination Date: The Distribution Date
upon which the related Fraud Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date, (x) prior to the first anniversary of the
Cut-off Date, an amount equal to $6,014,141 minus the
aggregate amount of Fraud Losses that would have been
allocated to the Junior Certificates in accordance with
Section 4.03 in the absence of the Loss Allocation
Limitation since the Cut-off Date, and (y) from the first
through the fifth anniversary of the Cut-off Date, an
amount equal to (1) the lesser of (a) the Fraud Loss Amount
as of the most recent anniversary of the Cut-off Date and
(b) 1% (from the first through and excluding the third
anniversaries of the Cut-Off Date) or 0.5% (from and
including the third through and excluding the fifth
anniversaries of the Cut-Off Date) of the aggregate
outstanding principal balance of all of the Mortgage Loans
as of the most recent anniversary of the Cut-off Date minus
(2) the Fraud Losses that would have been allocated to the
Junior Certificates in accordance with Section 4.03 in the
absence of the Loss Allocation Limitation since the most
recent anniversary of the Cut-off Date. After the fifth
anniversary of the Cut-off Date the Fraud Loss Amount shall
be zero.
Group I Final Distribution Date: The Distribution Date
on which the aggregate Certificate Principal Balance of the
Group I Senior Certificates has been reduced to zero.
Group I Senior Certificate: Any Class A1, Class A2,
Class A3, Class A4, Class A5, Class A6, Class A7 or Class R
Certificate.
Group II Senior Certificate: Any Class A8 Certificate.
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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: 5.60938%.
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 (other than any Component
having a Component Interest Rate determined by reference to
LIBOR), 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 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 in proportion to the amount of interest that
would have been allocated to the Base Servicing Fee at the
Base Servicing Fee Rate, the Supplemental Servicing Fee at
the Supplemental Servicing Fee Rate and interest at the
Remittance Rate, respectively, in the absence of the Debt
Service Reduction.
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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.
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For purposes of the definitions of Net Interest
Shortfall and Supplemental Servicing Fee, the amount of any
Interest Shortfall shall be allocated between the
Certificates and the Supplemental Servicing Fee in
proportion to the amount of interest that would have been
allocated to the Certificates (at the Remittance Rate) and
the Supplemental Servicing Fee (at the Supplemental
Servicing Fee Rate), respectively, in the absence of such
Interest Shortfall.
Junior Certificate: Any Class M or Class B
Certificate.
Junior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of the
following (but in no event greater than the aggregate
Certificate Principal Balance of the Junior Certificates
immediately prior to such Distribution Date):
(i) the Junior Percentage of the applicable Non-PO
Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date
as specified in the amortization schedule at the
time applicable thereto (after adjustment for
previous Principal Prepayments and the principal
portion of Debt Service Reductions subsequent to
the Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (other than
as aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) the Junior Prepayment Percentage of the applicable
Non-PO Percentage of all principal prepayments in
part received during the related Prepayment
Period, and 100% of any Senior Optimal Principal
Amount not distributed to the Senior Certificates
on such Distribution Date, together with the
Junior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the excess, if any, of (x) the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
Proceeds allocable to principal received during
the related Prepayment Period (other than in
respect of Mortgage Loans described in clause (B))
and (B) the principal balance of each Mortgage
Loan that was purchased by an insurer from the
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Trustee during the related Prepayment Period pursuant
to the related Primary Insurance Policy, over (y)
the amount distributable pursuant to clause (iii)
of the definition of Senior Optimal Principal
Amount on such Distribution Date;
(iv) the Junior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased
on such Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
(v) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan substituted during
the month of such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
After the Class Certificate Principal Balances of the
Junior Certificates have been reduced to zero, the Junior
Optimal Principal Amount shall be zero.
Junior Percentage: As to any Distribution Date, the
excess of 100% over the Senior Percentage for such
Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date, the excess of 100% over the Senior Prepayment
Percentage for such Distribution Date, except that (i)
after the aggregate Certificate Principal Balance of the
Senior Certificates other than the Class PO Certificates
has been reduced to zero, the Junior Prepayment Percentage
shall be 100%, and (ii) after the Cross-Over Date, the
Junior Prepayment Percentage shall be zero.
Latest Possible Maturity Date: March 25, 2030.
LIBOR: With respect to any Interest Accrual Period,
the per annum rate determined, pursuant to Section 5.08, on
the basis of the Interest Settlement Rate or as otherwise
provided in such Section.
LIBOR Certificate: Any Class A3, Class A4, Class A6 or
Class A7 Certificate.
LIBOR Determination Date: The second London Banking
Day immediately preceding the commencement of each Interest
Accrual Period for any LIBOR Certificates.
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Liquidated Mortgage Loan: Any defaulted Mortgage Loan
as to which the Company has determined that all amounts
which it expects to recover on behalf of the Trust Fund
from or on account of such Mortgage Loan have been
recovered, including any Mortgage Loan with respect to
which the Company determines not to foreclose upon the
related Mortgaged Property based on its belief that such
Mortgaged Property may be contaminated with or affected by
hazardous or toxic wastes, materials or substances.
Liquidation Expenses: Expenses which are incurred by
the Company in connection with the liquidation of any
defaulted Mortgage Loan and not recovered by the Company
under any Primary Insurance Policy for reasons other than
the Company's failure to comply with Section 3.05, such
expenses including, without limitation, legal fees and
expenses, and, regardless of when incurred, any
unreimbursed amount expended by the Company pursuant to
Section 3.03 or Section 3.06 respecting the related
Mortgage Loan and any related and unreimbursed Property
Protection Expenses.
Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of
any defaulted Mortgage Loan whether through judicial
foreclosure or otherwise.
Loan-to-Value Ratio: With respect to each Mortgage
Loan, the original principal amount of such Mortgage Loan,
divided by the Original Value of the related Mortgaged
Property.
London Banking Day: Any day on which banks are open
for dealing in foreign currency and exchange in London,
England.
Loss Allocation Limitation: As defined in Section
4.03(g).
MLCC: Merrill Lynch Credit Corporation, or its
successor in interest.
Monthly Advance: With respect to any Distribution
Date, the aggregate of the advances required to be made by
the Company pursuant to Section 4.04(a) (or by the Trustee
pursuant to Section 4.04(b)) on such Distribution Date, the
amount of any such Monthly Advance being equal to (a) the
aggregate of payments of principal and interest (adjusted
to the related Remittance Rate) on the Mortgage Loans that
were due on the related Due Date, without regard to any
arrangements entered into by the Company with the related
Mortgagors pursuant to Section 3.02(a)(ii), and delinquent
as of the close of business on the Business Day next
20
<PAGE>
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: The record maintained by
the Company pursuant to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans included in
the Trust Fund. The initial schedule of Mortgage Loans as
of the Cut-off Date is attached hereto as Exhibit C.
Mortgage Loans: As of any date of determination, each
of the mortgage loans identified on the Mortgage Loan
Schedule (as amended pursuant to Section 2.03(b)) delivered
and assigned to the Trustee pursuant to Section 2.01 or
2.03(b), and not theretofore released from the Trust Fund
by the Trustee.
Mortgage Note: With respect to any Mortgage Loan, the
note or other evidence of indebtedness (which may consist
of a Confirmatory Mortgage Note) evidencing the
indebtedness of a Mortgagor under such Mortgage Loan.
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Mortgage Pool: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
Mortgaged Property: The underlying real property
securing the Mortgage Loan, or with respect to a
Cooperative Loan, the related Proprietary Lease and
Cooperative Stock.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date, the excess, if any, of the aggregate
Interest Shortfalls allocable to the Certificates (as
determined in accordance with the definition of Interest
Shortfall) for such Distribution Date over any Compensating
Interest Payment for such date.
Net Liquidation Proceeds: As to any Liquidated
Mortgage Loan, the sum of (i) any Liquidation Proceeds
therefor less the related Liquidation Expenses, and (ii)
any Insurance Proceeds therefor, other than any such
Insurance Proceeds applied to the restoration of the
related Mortgaged Property.
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable Base Servicing
Fee Rate.
Non-Book-Entry Certificate: Any Certificate other than
a Book-Entry Certificate.
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss
or Deficient Valuation.
Non-Discount Mortgage Loan: Any Mortgage Loan with a
Net Mortgage Rate greater than or equal to 6.75% per annum.
Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the Net Mortgage Rate of such Discount Mortgage
Loan and the denominator of which is 6.75%. As to any
Non-Discount Mortgage Loan, 100%.
Non-Primary Residence Loan: Any Mortgage Loan secured
by a Mortgaged Property that is (on the basis of
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representations made by the Mortgagors at origination) a
second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by the
Company (or the Trustee) which, in the reasonable judgment
of the Company (or, as applicable, the Trustee) will not be
ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise.
The determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: None.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: None.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of
the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth
in the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any Due
Date, a Mortgage Loan which, prior to such Due Date, was
not the subject of a Principal Prepayment in full, did not
become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a), 3.01(c) or 3.16 or
replaced pursuant to Section 2.03(b).
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<PAGE>
Outstanding Non-Discount Mortgage Loan: Any
Outstanding Mortgage Loan that is a Non-Discount Mortgage
Loan.
PAC Balance: As to any Distribution Date and any Class
of PAC Certificates and any PAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
PAC Certificate: None.
PAC Component: None.
Parent PowerSM Loan: A Mortgage Loan identified on
Exhibit N hereto that has a Loan-to-Value Ratio at
origination in excess of 80.00%, that is supported by
Additional Collateral and does not have a Primary Insurance
Policy.
Pay-out Rate: With respect to any Class of
Certificates (other than any Class of Principal Only
Certificates) and any Distribution Date, the rate at which
interest is distributed on such Class on such Distribution
Date and which is equal to a fraction (expressed as an
annualized percentage) the numerator of which is the
Accrued Certificate Interest for such Class and
Distribution Date, and the denominator of which is the
Class Certificate Principal Balance (or, in the case of the
Notional Certificates, the Notional Principal Balance) of
such Class immediately prior to such Distribution Date.
Percentage Interest: With respect to any Certificate,
the percentage interest in the undivided beneficial
ownership interest in the 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:
24
<PAGE>
(i) obligations of, or guaranteed as to timely
receipt of principal and interest by, the United
States or any agency or instrumentality thereof when
such obligations are backed by the full faith and
credit of the United States;
(ii) repurchase agreements on obligations
specified in clause (i) provided that the unsecured
obligations of the party agreeing to repurchase such
obligations are at the time rated by each Rating
Agency in the highest long-term rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S.
depository institution or trust company incorporated
under the laws of the United States or any state
provided that the debt obligations of such depository
institution or trust company at the date of
acquisition thereof have been rated by each Rating
Agency in the highest long-term rating category;
(iv) commercial paper of any corporation
incorporated under the laws of the United States or
any state thereof which on the date of acquisition has
the highest short term rating of each Rating Agency;
and
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted
Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the
then current rating of the Certificates.
Notwithstanding the foregoing, Permitted Investments shall
not include "stripped securities" and investments which
contractually may return less than the purchase price
therefor.
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.
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<PAGE>
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, a
fraction (expressed as a percentage), the numerator of
which is the excess of 6.75% over the Net Mortgage Rate of
such Discount Mortgage Loan and the denominator of which is
6.75%. As to any Non-Discount Mortgage Loan, 0%.
PO Principal Distribution Amount: As to any
Distribution Date, an amount equal to the sum of the
applicable PO Percentage of:
(i) the principal portion of each Monthly Payment due
on the related Due Date on each Outstanding
Mortgage Loan as of such Due Date as specified in
the amortization schedule at the time applicable
thereto (after adjustments for previous Principal
Prepayments and the principal portion of Debt
Service Reductions subsequent to the Bankruptcy
Coverage Termination Date but before any
adjustment to such amortization schedule by reason
of any bankruptcy (except as aforesaid) or similar
proceeding or any moratorium or similar waiver or
grace period);
(ii) all principal prepayments in part received during the
related Prepayment Period, together with the
Scheduled Principal Balance (as reduced by any
Deficient Valuation occurring on or prior to the
Bankruptcy Coverage Termination Date) of each
Mortgage Loan which was the subject of a Voluntary
Principal Prepayment in full during the related
Prepayment Period;
(iii) the sum of (A) all Net Liquidation Proceeds
allocable to principal received in respect of each
Mortgage Loan that became a Liquidated Mortgage
Loan during the related Prepayment Period (other
than Mortgage Loans described in clause (B)) and
(B) the principal balance of each Mortgage Loan
purchased by an insurer from the Trustee pursuant
to the related Primary Insurance Policy, in each
case during the related Prepayment Period;
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<PAGE>
(iv) the Scheduled Principal Balance (as reduced by any
Deficient Valuation occurring on or prior to the
Bankruptcy Coverage Termination Date) of each
Mortgage Loan which was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the Substitution Amount for any Mortgage Loan
substituted during the month of such Distribution
Date; for purposes of this clause (v), the
definition of "Substitution Amount" shall be
modified to reduce the Scheduled Principal Balance
of the Mortgage Loan that is substituted for by
any Deficient Valuation occurring on or prior to
the Bankruptcy Coverage Termination Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Pool Scheduled Principal Balance: With respect to any
Distribution Date, the aggregate Scheduled Principal
Balance of all the Mortgage Loans that were Outstanding
Mortgage Loans on the Due Date in the month next preceding
the month of such Distribution Date (or, in the case of the
first Distribution Date, the Cut-off Date; or, if so
specified, such other date).
Prepayment Assumption: The assumed fixed schedule of
prepayments on a pool of new mortgage loans with such
schedule given as a monthly sequence of prepayment rates,
expressed as annualized percent values. These values start
at 0.2% per year in the first month, increase by 0.2% per
year in each succeeding month until month 30, ending at
6.0% per year. At such time, the rate remains constant at
6.0% per year for the balance of the remaining term.
Multiples of the Prepayment Assumption are calculated from
this prepayment rate series.
Prepayment Assumption Multiple: 275% of the Prepayment
Assumption.
Prepayment Distribution Trigger: As of any
Distribution Date and as to each Class of Class B
Certificates, the related Prepayment Distribution Trigger
is satisfied if (x) the fraction, expressed as a
percentage, the numerator of which is the aggregate Class
Certificate Principal Balance of such Class and each Class
subordinate thereto, if any, on such Distribution Date, and
the denominator of which is the Pool Scheduled Principal
Balance
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<PAGE>
for such Distribution Date, equals or exceeds (y) such
percentage calculated as of the Closing Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
amounts paid in respect of interest on such Principal
Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof. All Prepayment Interest Excess shall be
retained by the Company, as servicer, as additional
servicing compensation.
Prepayment Period: With respect to any Distribution
Date and any Voluntary Principal Prepayment in part or
other Principal Prepayment other than a Voluntary Principal
Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution
Date and any Voluntary Principal Prepayment in full, the
period beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, beginning on the
Cutoff Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private
mortgage insurance relating to a particular Mortgage Loan,
or an electronic screen print setting forth the information
contained in such certificate of private mortgage
insurance, including, without limitation, information
relating to the name of the mortgage insurance carrier, the
certificate number, the loan amount, the property address,
the effective date of coverage, the amount of coverage and
the expiration date of the policy. Each such policy covers
defaults by the Mortgagor, which coverage shall equal the
portion of the unpaid principal balance of the related
Mortgage Loan that exceeds 75% (or such lesser coverage
required or permitted by FNMA or FHLMC) of the Original
Value of the underlying Mortgaged Property.
Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(f).
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
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TAC Components, and the Scheduled Balances of any Scheduled
Certificates and Scheduled Components.
Principal Only Certificate: Any Class PO Certificate.
Principal Only Component: None.
Principal Prepayment: Any payment or other recovery of
principal on a Mortgage Loan (including, for this purpose,
any refinancing permitted by Section 3.01 and any REO
Proceeds treated as such pursuant to Section 3.08(b)) which
is received in advance of its scheduled Due Date and is not
accompanied by an amount of interest representing scheduled
interest for any month subsequent to the month of
prepayment.
Private Placement Memorandum: The private placement
memorandum relating to the Restricted Junior Certificates
dated February 19, 1998.
Prohibited Transaction Exemption: U.S. Department of
Labor Prohibited Transaction Exemption 97-34, 62 Fed. Reg.
39021, July 21, 1997.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the
extent the Company is not reimbursed therefor pursuant to
the Primary Insurance Policy, if any, or any other
insurance policy with respect thereto.
Proprietary Lease: With respect to a Cooperative Loan,
the proprietary lease(s) or occupancy agreement with
respect to the Cooperative Apartment occupied by the
Mortgagor and relating to the related Cooperative Stock,
which lease or agreement confers an exclusive right to the
holder of such Cooperative Stock to occupy such apartment.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the
Company is the servicer hereunder, such purchase price
shall be net of unreimbursed Monthly Advances with respect
to such Mortgage Loan, and the interest component of the
Purchase
29
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Price may be computed on the basis of the Remittance Rate
for such Mortgage Loan.
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
Rating Agency: Any statistical credit rating agency,
or its successor, that rated any of the Certificates at the
request of the Company at the time of the initial issuance
of the Certificates. If such agency or a successor is no
longer in existence, "Rating Agency" shall be such
statistical credit rating agency, or other comparable
Person, designated by the Company, notice of which
designation shall be given to the Trustee. References
herein to the two highest long-term rating categories of a
Rating Agency shall mean such ratings without any
modifiers. As of the date of the initial issuance of the
Certificates, the Rating Agencies are Fitch and S&P; except
that for purposes of the Junior Certificates, other than
the Class B5 Certificates, Fitch shall be the sole Rating
Agency. The Class B5 Certificates are issued without
ratings.
Realized Loss: Any (i) Deficient Valuation or (ii) as
to any Liquidated Mortgage Loan, (x) the unpaid principal
balance of such Liquidated Mortgage Loan plus accrued and
unpaid interest thereon at the Net Mortgage Rate through
the last day of the month of such liquidation less (y) the
related Liquidation Proceeds and Insurance Proceeds (as
reduced by the related Liquidation Expenses).
Record Date: The last Business Day of the month
immediately preceding the month of the related Distribution
Date.
Reference Banks: As defined in Section 5.08.
Relief Act: The Soldiers' and Sailors' Civil Relief
Act of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to
which the Monthly Payment thereof has been reduced due to
the application of the Relief Act.
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
REMIC Provisions: Provisions of the federal income tax
law relating to real estate mortgage investment conduits,
which appear at sections 860A through 860G of Part IV of
Subchapter M of Chapter 1 of the Code, and related
provisions, and U.S. Office of the Treasury temporary or
final regulations promulgated thereunder, as the foregoing
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may be in effect from time to time, as well as provisions of
applicable state laws.
Remittance Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the sum of the applicable
Base Servicing Fee Rate and the Supplemental Servicing Fee
Rate.
REO Mortgage Loan: Any Mortgage Loan which is not a
Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the Trust Fund.
REO Proceeds: Proceeds, net of any related expenses of
the Company, received in respect of any REO Mortgage Loan
(including, without limitation, proceeds from the rental of
the related Mortgaged Property).
Required Surety Payment: With respect to any Pledged
Asset Mortgage Loan that becomes a Liquidated Mortgage
Loan, the lesser of (i) the principal portion of the
Realized Loss with respect to such Mortgage Loan and (ii)
the excess, if any, of (a) the amount of Additional
Collateral required at origination with respect to such
Mortgage Loan which is covered by the Surety Bond over (b)
the net proceeds realized by MLCC from the liquidation of
the related Additional Collateral.
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
Residual Certificate: Any Class R Certificate.
Responsible Officer: When used with respect to the
Trustee, any officer or assistant officer assigned to and
working in the Corporate Trust Department of the Trustee
and, also, with respect to a particular matter, any other
officer to whom such matter is referred because of such
officer's knowledge of and familiarity with the particular
subject.
Restricted Certificate: Any Restricted Junior
Certificate or Class PO Certificate.
Restricted Junior Certificate: Any Class B3, Class B4
or Class B5 Certificate.
S&P: Standard & Poor's Ratings Services, a division of
The McGraw-Hill Companies, Inc., and its successors.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
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Scheduled Balance: As to any Distribution Date and any
Class of Scheduled Certificates and any Scheduled
Component, the balance designated as such for such
Distribution Date and such Class or Component as set forth
in the Principal Balance Schedules.
Scheduled Certificates: None.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan
and Distribution Date, the principal balance of such
Mortgage Loan as of the Due Date in the month next
preceding the month of such Distribution Date (or, if so
specified, such other date) as specified in the
amortization schedule at the time relating to such Mortgage
Loan (before any adjustment to such amortization schedule
by reason of any bankruptcy or similar proceeding or any
moratorium or similar waiver or grace period) after giving
effect to any previous Principal Prepayments, Deficient
Valuations incurred subsequent to the Bankruptcy Coverage
Termination Date, adjustments due to the application of the
Relief Act and the payment of principal due on such Due
Date, irrespective of any delinquency in payment by the
related Mortgagor. As to any Mortgage Loan and the Cut-off
Date, the "unpaid balance" thereof specified in the initial
Mortgage Loan Schedule.
Security Agreement: With respect to a Cooperative
Loan, the agreement creating a security interest in favor of
the originator in the related Cooperative Stock and
Proprietary Lease.
Senior Certificate: Any Certificate other than a
Junior Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date, an amount equal to the sum of the
Certificate Principal Balances of the Senior Certificates
(other than any Class PO Certificates).
Senior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of:
(i) the Senior Percentage of the applicable Non-PO
Percentage of the principal portion of each
Monthly Payment due on the related Due Date on
each Outstanding Mortgage Loan as of such Due Date
as specified in the amortization schedule at the
time applicable thereto (after adjustments for
previous Principal Prepayments and the principal
portion of Debt Service Reductions subsequent to
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the Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) the Senior Prepayment Percentage of the applicable
Non-PO Percentage of all principal prepayments in
part received during the related Prepayment
Period, together with the Senior Prepayment
Percentage of the applicable Non-PO Percentage of
the Scheduled Principal Balance of each Mortgage
Loan which was the subject of a Voluntary
Principal Prepayment in full during the related
Prepayment Period;
(iii) the lesser of (x) the Senior Percentage of the
applicable Non-PO Percentage of the sum of (A) the
Scheduled Principal Balance of each Mortgage Loan
that became a Liquidated Mortgage Loan (other than
Mortgage Loans described in clause (B)) during the
related Prepayment Period and (B) the Scheduled
Principal Balance of each Mortgage Loan that was
purchased by an insurer from the Trustee during
the related Prepayment Period pursuant to the
related Primary Insurance Policy, as reduced in
each case by the Senior Percentage of the
applicable Non-PO Percentage of the principal
portion of any Excess Losses (other than Excess
Bankruptcy Losses attributable to Debt Service
Reductions), and (y) the Senior Prepayment
Percentage of the applicable Non-PO Percentage of
the sum of (A) all Net Liquidation Proceeds
allocable to principal received in respect of each
such Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) and (B) the
principal balance of each such Mortgage Loan
purchased by an insurer from the Trustee pursuant
to the related Primary Insurance Policy, in each
case during the related Prepayment Period;
(iv) the Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased
on such Distribution Date pursuant to Section
2.02, 2.03(a) or 3.16; and
(v) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan substituted during
the month of such Distribution Date.
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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.
Senior Percentage: As to any Distribution Date, the
lesser of (i) 100% and (ii) the percentage (carried to six
places rounded up) obtained by dividing the Senior
Certificate Principal Balance immediately prior to such
Distribution Date by an amount equal to the sum of the
Certificate Principal Balances of all the Certificates
other than any Class PO Certificates immediately prior to
such Distribution Date.
Senior Prepayment Percentage: For any Distribution
Date occurring prior to the fifth anniversary of the first
Distribution Date, 100%. For any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to February
2003 to and including the Distribution Date in
February 2004, the Senior Percentage for such
Distribution Date plus 70% of the Junior
Percentage for such Distribution Date;
(ii) for any Distribution Date subsequent to February
2004 to and including the Distribution Date in
February 2005, the Senior Percentage for such
Distribution Date plus 60% of the Junior
Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to February
2005 to and including the Distribution Date in
February 2006, the Senior Percentage for such
Distribution Date plus 40% of the Junior
Percentage for such Distribution Date;
(iv) for any Distribution Date subsequent to February
2006 to and including the Distribution Date in
February 2007, the Senior Percentage for such
Distribution Date plus 20% of the Junior
Percentage for such Distribution Date; and
(v) for any Distribution Date thereafter, the Senior
Percentage for such Distribution Date.
Notwithstanding the foregoing, if on any Distribution Date
the Senior Percentage exceeds the Senior Percentage as of
the Closing Date, the Senior Prepayment Percentage for such
Distribution Date will equal 100%.
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In addition, notwithstanding the foregoing, no reduction of
the Senior Prepayment Percentage below the level in effect
for the most recent prior period as set forth in clauses
(i) through (iv) above shall be effective on any
Distribution Date unless at least one of the following two
tests is satisfied:
Test I: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans
delinquent 60 days or more (including for this purpose
any Mortgage Loans in foreclosure and REO Mortgage
Loans) as a percentage of the aggregate Class
Certificate Principal Balance of the Junior
Certificates as of such date, does not exceed 50%, and
(ii) cumulative Realized Losses with respect to the
Mortgage Loans do not exceed (a) 30% of the aggregate
Class Certificate Principal Balance of the Junior
Certificates as of the Closing Date (the "Original
Subordinate Principal Balance") if such Distribution
Date occurs between and including March 2003 and
February 2004, (b) 35% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including March 2004 and February 2005,
(c) 40% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
March 2005 and February 2006, (d) 45% of the Original
Subordinate Principal Balance if such Distribution
Date occurs between and including March 2006 and
February 2007 and (e) 50% of the Original Subordinate
Principal Balance if such Distribution Date occurs
during or after March 2007; or
Test II: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans
delinquent 60 days or more (including for this purpose
any Mortgage Loans in foreclosure and REO Mortgage
Loans) averaged over the last three months, as a
percentage of the aggregate Scheduled Principal
Balance of Mortgage Loans averaged over the last three
months, does not exceed 4%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans do
not exceed (a) 10% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including March 2003 and February 2004,
(b) 15% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
March 2004 and February 2005, (c) 20% of the Original
Subordinate Principal Balance if such Distribution
Date occurs between and including March 2005 and
February 2006, (d) 25% of the Original Subordinate
Principal Balance if such
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Distribution Date occurs between and including March
2006 and February 2007, and (e) 30% of the Original
Subordinate Principal Balance if such Distribution
Date occurs during or after March 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 the Trust Fund
arising from or related to the presence or suspected
presence of hazardous wastes or hazardous substances on a
Mortgaged Property unless such loss to a Mortgaged Property
is covered by a hazard policy or a flood insurance policy
required to
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be maintained in respect of such Mortgaged Property under
Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $6,014,141 minus the sum of (i)
the aggregate amount of Special Hazard Losses that would
have been allocated to the Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the Adjustment Amount (as
defined below) as most recently calculated. On each
anniversary of the Cut-off Date, the "Adjustment Amount"
shall be equal to the amount, if any, by which the amount
calculated in accordance with the preceding sentence
(without giving effect to the deduction of the Adjustment
Amount for such anniversary) exceeds the lesser of (x) the
greater of (A) the product of the Special Hazard Percentage
for such anniversary multiplied by the outstanding
principal balance of all the Mortgage Loans on the
Distribution Date immediately preceding such anniversary
and (B) twice the outstanding principal balance of the
Mortgage Loan which has the largest outstanding principal
balance on the Distribution Date immediately preceding such
anniversary, and (y) an amount calculated by the Company
and approved by each Rating Agency, which amount shall not
be less than $500,000.
Special Hazard Percentage: As of each anniversary of
the Cut-off Date, the greater of (i) 1.00% and (ii) the
largest percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans secured
by Mortgaged Properties located in a single, five-digit zip
code area in the State of California by (y) the outstanding
principal balance of all the Mortgage Loans as of the
immediately preceding Distribution Date.
Special Hazard Termination Date: The Distribution Date
upon which the Special Hazard Loss Amount has been reduced
to zero or a negative number (or the Cross-Over Date, if
earlier).
Specified Component: None.
Startup Day: As defined in Section 2.06(c).
Subordinate Certificates: As to any date of
determination, first, the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; second, the Class B4 Certificates until
the Class Certificate Principal Balance thereof has been
reduced to zero; third, the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; fourth, the Class B2 Certificates until
the Class
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Certificate Principal Balance thereof has been reduced to
zero; fifth, the Class B1 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; and sixth, the Class M Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero.
Subordinate Certificate Writedown Amount: As to any
Distribution Date, first, any amount distributed to the
Class PO Certificates on such Distribution Date pursuant to
Section 4.01(a)(iv) and second, after giving effect to the
application of clause first above, the amount by which (i)
the sum of the Class Certificate Principal Balances of all
the Certificates (after giving effect to the distribution
of principal and the application of Realized Losses in
reduction of the Certificate Principal Balances of the
related Certificates on such Distribution Date) exceeds
(ii) the Pool Scheduled Principal Balance on the first day
of the month of such Distribution Date less any Deficient
Valuations occurring on or prior to the Bankruptcy Coverage
Termination Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Scheduled Principal Balance of the Mortgage Loan that
is substituted for, over (y) the Scheduled Principal
Balance of the related substitute Mortgage Loan, each
balance being determined as of the date of substitution.
Supplemental Servicing Fee: As to any Mortgage Loan
and Distribution Date, an amount equal to the product of
(i) the Scheduled Principal Balance of such Mortgage Loan
as of the Due Date in the preceding calendar month and (ii)
the Supplemental Servicing Fee Rate for such Mortgage Loan.
The Supplemental Servicing Fee for any Distribution Date
shall be reduced by its allocable share of Interest
Shortfalls (as provided in the definition thereof) and any
Interest Losses (in accordance with Section 3.08(d)).
Supplemental Servicing Fee Rate: As to any Mortgage
Loan and Distribution Date, a fixed rate per annum equal to
the excess, if any, of the Net Mortgage Rate thereof over
6.75%.
Surety: Ambac Assurance Corporation, or its successors
in interest.
Surety Bond: The Limited Purpose Surety Bond (Policy
No. AB0039BE), dated February 28, 1996, issued by the Surety
for the benefit of certain beneficiaries, including the
Trustee for the benefit of the Holders of the Certificates,
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but only to the extent that such Limited Purpose Surety
Bond covers any Pledged Asset Mortgage Loans.
TAC Balance: As to any Distribution Date and any Class
of TAC Certificates and any TAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules attached as Exhibit B hereto.
TAC Certificates: Any Class A2 Certificates.
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: The corpus of the trust created by this
Agreement evidenced by the Certificates and consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of
such Mortgage Loans, except as otherwise described in
the first paragraph of Section 2.01, including the
proceeds from the liquidation of any Additional
Collateral for any Pledged Asset Mortgage Loan;
(iii) the obligation of the Company to deposit in
the Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a), and the
obligation of the Trustee to deposit in the
Certificate Account any amount required pursuant to
Section 4.04(b);
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(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan pursuant to
Section 2.02 or 2.03;
(v) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO
Mortgage Loan;
(vi) the proceeds of the Primary Insurance
Policies, if any, and the hazard insurance policies
required by Section 3.06, in each case, in respect of
the Mortgage Loans, and the Company's interest in the
Surety Bond transferred to the Trustee pursuant to
Section 2.01;
(vii) the Certificate Account established
pursuant to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established pursuant to Section 3.02(e);
(ix) any collateral funds established to secure
the obligations of the Holder of the Class B4 and
Class B5 Certificates, respectively, under any
agreements entered into between such holder and the
Company pursuant to Section 3.08(e); 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.
Trustee: The institution executing this Agreement as
Trustee, or its successor in interest, or if any successor
trustee is appointed as herein provided, then such
successor trustee so appointed.
Unanticipated Recovery: As defined in Section 4.01(e)
herein.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete restoration of
the property is not fully reimbursable by the hazard
insurance policies required to be maintained pursuant to
Section 3.06.
Unpaid Class Interest Shortfall: As to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates and any Class
consisting of Specified Components) or any Specified
Component (other than any Principal Only Component), the
amount, if any, by which the aggregate of the Class
Interest
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Shortfalls for such Class or in respect of such Specified
Component for prior Distribution Dates is in excess of the
aggregate amounts distributed on prior Distribution Dates
to Holders of such Class of Certificates or in respect of
such Specified Component (or added to the Class Certificate
Principal Balance of any Class of Accrual Certificates, or
to the Component Principal Balance of any Accrual Component
constituting a Specified Component) pursuant to Section
4.01(a)(ii), in the case of the Senior Certificates (other
than any Class of Principal Only Certificates) and any
Specified Component thereof (other than any Principal Only
Component), Section 4.01(a)(vi), in the case of the Class M
Certificates, Section 4.01(a)(ix), in the case of the Class
B1 Certificates, Section 4.01(a)(xii), in the case of the
Class B2 Certificates, Section 4.01(a)(xv), in the case of
the Class B3 Certificates, Section 4.01(a)(xviii), in the
case of the Class B4 Certificates, and Section
4.01(a)(xxi), in the case of the Class B5 Certificates. As
to any Class of Certificates consisting of Specified
Components and any Distribution Date, the sum of the Unpaid
Class Interest Shortfalls for the Specified Components
thereof on such date.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received from
the related Mortgagor on a Mortgage Loan.
Voting Rights: The portion of the voting rights of all
the Certificates that is allocated to any Certificate for
purposes of the voting provisions of Section 10.01. At all
times during the term of this Agreement, 100% of all Voting
Rights shall be allocated among the Classes (and among the
Certificates within each such Class) in proportion to their
Class Certificate Principal Balances or Certificate
Principal Balances, as the case may be.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. (a) The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee without recourse (except as provided
herein) all the right, title and interest of the Company in and
to the Mortgage Loans, including all interest and principal
received by the Company on or with respect to the Mortgage Loans
(other than payments of principal and interest due and payable on
the Mortgage Loans on or before, and all Principal Prepayments
received before, the Cut-off Date).
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In addition, with respect to any Pledged Asset
Mortgage Loan, the Company does hereby transfer, assign, set-over
and otherwise convey to the Trustee without recourse (except as
provided herein) (i) its rights as assignee under any security
agreements, pledge agreements or guarantees relating to the
Additional Collateral supporting any Pledged Asset Mortgage Loan,
(ii) its security interest in and to any Additional Collateral,
(iii) its right to receive payments in respect of any Pledged
Asset Mortgage Loan pursuant to the Pledged Asset Mortgage
Servicing Agreement, and (iv) its rights as beneficiary under the
Surety Bond in respect of any Pledged Asset Mortgage Loan.
(b) In connection with such transfer and assignment,
the Company does hereby deliver to the Trustee the following
documents or instruments with respect to:
(1) Each Mortgage Loan (other than any Cooperative
Loan or Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse
in blank by the Company, including all intervening
endorsements showing a complete chain of endorsement
from the originator to the Company; provided, however,
that if such Mortgage Note is a Confirmatory Mortgage
Note, such Confirmatory Mortgage Note may be payable
directly to the Company or may show a complete chain
of endorsement from the named payee to the Company;
(ii) Any assumption and modification agreement;
(iii) An assignment in recordable form (which may
be included in a blanket assignment or assignments) of
the Mortgage to the Trustee; and
(2) Each Cooperative Loan (other than a Designated
Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse
in blank by the Company and showing an unbroken chain
of endorsements from the originator to the Company;
provided, however, that if such Mortgage Note is a
Confirmatory Mortgage Note, such Confirmatory Mortgage
Note may be payable directly to the Company or may
show a complete chain of endorsement from the named
payee to the Company;
(ii) A counterpart of the Proprietary Lease and
the Assignment of Proprietary Lease executed in blank
or to the originator of the Cooperative Loan;
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(iii) The related Cooperative Stock Certificate,
together with an undated stock power (or other similar
instrument) executed in blank;
(iv) A counterpart of the recognition agreement
by the Cooperative of the interests of the mortgagee
with respect to the related Cooperative Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing
statement, and any continuation statements, filed by
the originator of such Cooperative Loan as secured
party, each with evidence of recording thereof,
evidencing the interest of the originator in the
Cooperative Stock and the Proprietary Lease;
(vii) Copies of the UCC-3 assignments of the
security interest described in clause (vi) above, sent
to the appropriate public office for filing, showing
an unbroken chain of title from the originator to the
Company (if applicable), evidencing the interest of
the originator in the Cooperative Stock and the
Proprietary Lease;
(viii) An executed assignment (which may be a
blanket assignment for all Cooperative Loans) of the
interest of the Company in the Security Agreement,
Assignment of Proprietary Lease and the recognition
agreement described in clause (iv) above, showing an
unbroken chain of title from the originator to the
Trustee; and
(ix) A UCC-3 assignment from the Company to the
Trustee of the security interest described in clause
(vi) above, in form suitable for filing, otherwise
complete except for filing information regarding the
original UCC-1 if unavailable (which may be included
in a blanket assignment to the Trustee);
In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
the Trustee in accordance with Section 2.01(b)(1)(iii) prior to
or concurrently with the execution and delivery of this
Agreement, due to a delay in connection with recording of the
Mortgage, the Company may, in lieu of delivering the completed
assignment in recordable form, deliver to the Trustee the
assignment in such form, otherwise complete except for recording
information.
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(3) With respect to each Designated Loan, the Company
does hereby deliver to the Trustee the Designated Loan
Closing Documents.
(c) In connection with each Mortgage Loan transferred
and assigned to the Trustee, the Company shall deliver to the
Trustee the following documents or instruments as promptly as
practicable, but in any event within 30 days, after receipt by
the Company of all such documents and instruments for all of the
outstanding Mortgage Loans:
(i) the Mortgage with evidence of recording indicated
thereon (other than with respect to a Cooperative Loan);
(ii) a copy of the title insurance policy (other than
with respect to a Cooperative Loan);
(iii) with respect to any Mortgage that has been
assigned to the Company, the related recorded intervening
assignment or assignments of Mortgage, showing a complete
chain of assignment from the originator to the Company
(other than with respect to a Cooperative Loan); and
(iv) with respect to any Cooperative Loan that has
been assigned to the Company, the related filed intervening
UCC-3 financing statements (not previously delivered
pursuant to Section 2.01(b)(2)(vii)), showing a complete
chain of assignment from the named originator to the
Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) title insurance binders with respect to the Mortgage Loans
(other than with respect to a Cooperative Loan). The Company
shall also retain in its files evidence of any primary mortgage
insurance relating to the Mortgage Loans during the period when
the related insurance is in force. Pending delivery of the
documents referred to in the second preceding sentence, such
evidence of primary mortgage insurance shall include a copy of
the relevant Primary Insurance Policy. (The copies of the
Mortgage, intervening assignments of Mortgage, if any, title
insurance binder and the Primary Insurance Policy, if any,
described in the second and third preceding sentences are
collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the
Trustee in writing if such delivery to the Trustee shall not have
occurred on or before the first anniversary of the Closing Date.
The Company shall promptly furnish to the Trustee the documents
included in the Document Files (other than any such documents
previously delivered to the Trustee as originals or copies)
either (a) upon the written request of the Trustee or (b) when
the Company or the Trustee obtains actual notice or knowledge of
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a Trigger Event. The Trustee shall have no obligation to request
delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
(d) The Company shall not be required to record the
assignments of the Mortgages referred to in Section
2.01(b)(1)(iii) or file the UCC-3 assignments referred to in
Section 2.01(b)(2)(ix) to the Trustee unless the Company or the
Trustee obtains actual notice or knowledge of the occurrence of
any Trigger Event; provided, however, that such recording or
filing shall not be required if the Company delivers to the
Trustee a letter from each Rating Agency to the effect that the
failure to take such action will not cause such Rating Agency to
reduce or withdraw its then current ratings of the Certificates.
The party obtaining actual notice or knowledge of any of such
events shall give the other party prompt written notice thereof.
For purposes of the foregoing (as well as for purposes of
determining whether the Company shall be required to deliver the
Document Files to the Trustee following the occurrence of a
Trigger Event), the Company shall be deemed to have knowledge of
any such downgrading referred to in the definition of Trigger
Event if, in the exercise of reasonable diligence, the Company
has or should have had knowledge thereof. As promptly as
practicable subsequent to the Company's delivery or receipt of
such written notice, as the case may be, the Company shall insert
the recording or filing information in the assignments of the
Mortgages or UCC-3 assignments to the Trustee and shall cause the
same to be recorded or filed, at the Company's expense, in the
appropriate public office for real property records or UCC
financing statements, except that the Company need not cause to
be so completed and recorded any assignment of mortgage which
relates to a Mortgage Loan secured by property in a jurisdiction
under the laws of which, on the basis of an Opinion of Counsel
reasonably satisfactory to the Trustee and satisfactory to each
Rating Agency (as evidenced in writing), recordation of such
assignment is not necessary to protect the Trustee against
discharge of such Mortgage Loan by the Company or any valid
assertion that any Person other than the Trustee has title to or
any rights in such Mortgage Loan. In the event that the Company
fails or refuses to record or file the assignment of Mortgages or
UCC-3 financing statement in the circumstances provided above,
the Trustee shall record or cause to be recorded or filed such
assignment or UCC-3 financing statement at the expense of the
Company. In connection with any such recording or filing, the
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Company shall furnish such documents as may be reasonably
necessary to accomplish such recording or filing. Notwithstanding
the foregoing, at any time the Company may record or file, or
cause to be recorded or filed, the assignments of Mortgages or
UCC-3 financing statement at the expense of the Company.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt of the Mortgage Notes, the assignments of the Mortgages
to the Trustee, the assumption and modification agreements, if
any, the documents specified in Section 2.01(b)(2) (subject to
any permitted delayed delivery of the documents described in
Section 2.01(c)(iv)), and the Designated Loan Closing Documents,
if any, delivered pursuant to Section 2.01, and declares that the
Trustee holds and will hold such documents and each other
document delivered to it pursuant to Section 2.01 in trust, upon
the trusts herein set forth, for the use and benefit of all
present and future Certificateholders. The Trustee agrees, for
the benefit of Certificateholders, to review each Mortgage File
within 45 days after (i) the execution and delivery of this
Agreement, in the case of the Mortgage Notes, the assignments of
the Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2)
(subject to any permitted delayed delivery of the documents
described in Section 2.01(c)(iv)), and the Designated Loan
Closing Documents, if any, (ii) delivery to the Trustee after the
Closing Date of the Mortgage Notes and the assumption and
modification agreements, if any, with respect to each Designated
Loan, and (iii) delivery of the recorded Mortgages, title
insurance policies, recorded intervening assignments of Mortgage,
if any, and filed intervening 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
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hereby covenants and agrees that, if any such material defect
cannot be corrected or cured, the Company will on a Distribution
Date which is not later than the first Distribution Date which is
more than ten days after the end of such 60-day period repurchase
the related Mortgage Loan from the Trustee at the Purchase Price
therefor or replace such Mortgage Loan pursuant to Section
2.03(b); provided, however, that if the defect (or breach
pursuant to Section 2.03(a)) is one that, had it been discovered
before the Startup Day, would have prevented the Mortgage Loan
from being a "qualified mortgage" within the meaning of the REMIC
Provisions, such defect or breach shall be cured, or the related
Mortgage Loan shall be repurchased or replaced, on a Distribution
Date which falls within 90 days of the date of discovery of such
defect or breach. The Purchase Price for the repurchased Mortgage
Loan, or any amount required in respect of a substitution
pursuant to Section 2.03(b), shall be deposited by the Company in
the Certificate Account pursuant to Section 3.02(d) on the
Business Day prior to the applicable Distribution Date and, upon
receipt by the Trustee of written notification of such deposit
signed by a Servicing Officer, the Trustee shall release or cause
to be released to the Company the related Mortgage File and shall
execute and deliver or cause to be executed and delivered such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company any
Mortgage Loan released pursuant hereto. It is understood and
agreed that the obligation of the Company to repurchase or
replace any Mortgage Loan as to which a material defect in a
constituent document exists shall constitute the sole remedy
respecting such defect available to Certificateholders or the
Trustee on behalf of Certificateholders.
Upon receipt by the Trustee of the Mortgage Note with
respect to a Designated Loan that is not defective in accordance
with the fifth sentence of the preceding paragraph, the related
Lost Note Affidavit delivered pursuant to Section 2.01 shall be
void and the Trustee shall return it to the Company.
Section 2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase. (a) The Company hereby
represents and warrants to the Trustee that:
(i) The information set forth in Exhibit C hereto was
true and correct in all material respects at the date or
dates respecting which such information is furnished;
(ii) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
each Mortgage is a valid and enforceable first lien on the
property securing the related Mortgage Note subject only to
(a) the lien of current real property taxes and
assessments, (b) covenants, conditions and restrictions,
rights of way,
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easements and other matters of public record as of the date
of recording of such Mortgage, such exceptions appearing of
record being acceptable to mortgage lending institutions
generally in the area wherein the property subject to the
Mortgage is located or specifically reflected in the
appraisal obtained in connection with the origination of
the related Mortgage Loan obtained by the Company and (c)
other matters to which like properties are commonly subject
which do not materially interfere with the benefits of the
security intended to be provided by such Mortgage;
(iii) Immediately prior to the transfer and assignment
herein contemplated, the Company had good title to, and was
the sole owner of, each Mortgage Loan and all action had
been taken to obtain good record title to each related
Mortgage. Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance of the
Certificates, no payment of principal of or interest on or
in respect of any Mortgage Loan is 30 or more days past due
and none of the Mortgage Loans have been past due 30 or
more days more than once during the preceding 12 months;
(v) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
there is no mechanics' lien or claim for work, labor or
material affecting the premises subject to any Mortgage
which is or may be a lien prior to, or equal or coordinate
with, the lien of such Mortgage except those which are
insured against by the title insurance policy referred to
in (x) below;
(vi) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
there is no delinquent tax or assessment lien against the
property subject to any Mortgage;
(vii) As of the date of the initial issuance of the
Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage, including
the obligation of the Mortgagor to pay the unpaid principal
and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage
(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
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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 15.50% of the Mortgage Loans by
Scheduled Principal Balance had Loan-to-Value Ratios of
more than 80% and each such Mortgage Loan is covered by a
Primary Insurance Policy so long as its then outstanding
principal amount exceeds 80% of the greater of (a) the
Original Value and (b) the then current value of the
related Mortgaged Property as evidenced by an appraisal
thereof satisfactory to the Company. Each Primary Insurance
Policy is issued by a private mortgage insurer acceptable
to FNMA or FHLMC.
(xii) Each Mortgage Note is payable on the first day of
each month in self-amortizing monthly installments of
principal and interest, with interest payable in arrears,
over an original term of not more than thirty years. The
Mortgage Rate of each Mortgage Note of the related Mortgage
Loan was not less than 6.250% per annum and not greater
than 9.625% per annum. The Mortgage Rate of each Mortgage
Note is fixed for the life of the related Mortgage Loan;
(xiii) Other than with respect to Cooperative Loans, the
improvements on the Mortgaged Properties are insured
against loss under a hazard insurance policy with extended
coverage and conforming to the requirements of Section 3.06
hereof. As of the date of initial issuance of the
Certificates, all such insurance policies are in full force
and effect;
(xiv) As of the Cut-off Date, (i) no more than 9% of the
Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $500,000 and up to
and including $750,000; (ii) no more than 1% of the
Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $750,000 and up to
and including $1,000,000; and (iii) no more than 0.50% of
the Mortgage Loans by Scheduled Principal Balance had a
Scheduled Principal Balance of more than $1,000,000;
(xv) As of the Cut-off Date, no more than 0.75% of the
Mortgage Loans by Scheduled Principal Balance are secured
by
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Mortgaged Properties located in any one postal zip code
area;
(xvi) As of the Cut-off Date, at least 98.25% of the
Mortgage Loans by Scheduled Principal Balance are secured
by Mortgaged Properties determined by the Company to be the
primary residence of the Mortgagor. The basis for such
determination is the making of a representation by the
Mortgagor at origination that he or she intends to occupy
the underlying property;
(xvii) As of the Cut-off Date, at least 92.50% of the
Mortgage Loans by Scheduled Principal Balance are secured
by one-family detached residences;
(xviii) As of the Cut-off Date, no more than 3.25% of the
Mortgage Loans by Scheduled Principal Balance are secured
by condominiums and, as of the Cut-off Date, no more than
1.25% of the Mortgage Loans by Scheduled Principal Balance
are secured by two- to four-family residential properties.
As to each condominium or related Mortgage Loan, (a) the
related condominium is in a project that is on the FNMA or
FHLMC approved list, (b) the related condominium is in a
project that, upon submission of appropriate application,
could be so approved by either FNMA or FHLMC, (c) the
related Mortgage Loan meets the requirements for purchase
by FNMA or FHLMC, (d) the related Mortgage Loan is of the
type that could be approved for purchase by FNMA or FHLMC
but for the principal balance of the related Mortgage Loan
or the pre-sale requirements or (e) the related Mortgage
Loan has been approved by a nationally recognized mortgage
pool insurance company for coverage under a mortgage pool
insurance policy issued by such insurer. As of the Cut-off
Date, no more than 0.25% of the Mortgage Loans by Scheduled
Principal Balance are secured by condominiums located in
any one postal zip code area;
(xix) 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 0.75% of the
Mortgage Loans by Scheduled Principal Balance constituted
Buydown Mortgage Loans. The maximum Buydown Period for any
Buydown Mortgage Loan is three years, and the maximum
difference between the stated Mortgage Rate of any Buydown
Mortgage Loan and the rate paid by the related Mortgagor is
three percentage points. The portion of the interest rate
paid by the related Mortgagor will not increase by more
than one percentage point for each six-month period.
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(xxi) The original principal balances of the Mortgage
Loans range from $28,000 to $1,200,000;
(xxii) As of the Cut-off Date, no more than 1.25% of the
Mortgage Loans by Scheduled Principal Balance are secured
by second homes and no more than 0.50% of the Mortgage
Loans by Scheduled Principal Balance are secured by
investor-owned properties;
(xxiii) All appraisals have been prepared substantially in
accordance with the description contained under the caption
"The Trust Fund - The Mortgage Loans" in the prospectus
dated January 22, 1998, included in the registration
statement on Form S-3 (file no. 333-43755) filed by the
Company with the Securities and Exchange Commission with
respect to the offer and sale of certain Classes of the
Certificates;
(xxiv) No selection procedures, other than those
necessary to comply with the representations and warranties
set forth herein or the description of the Mortgage Loans
made in any disclosure document delivered to prospective
investors in the Certificates, have been utilized in
selecting the Mortgage Loans from the Company's portfolio
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;
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(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; and
(xxix) As of the Cut-Off Date, 0.2004% of the Mortgage
Loans, by Scheduled Principal Balance, are Cooperative
Loans. With respect to each Cooperative Loan:
(A) The Security Agreement creates a first lien
in the stock ownership and leasehold rights associated
with the related Cooperative Apartment;
(B) With respect to each Cooperative Loan, the
lien created by the related Security Agreement is a
valid, enforceable and subsisting first priority
security interest in the related Cooperative Stock
securing the related Mortgage Note, subject only to
(a) liens of the Cooperative for unpaid assessments
representing the Mortgagor's pro rata share of the
Cooperative's payments for its blanket mortgage,
current and future real property taxes, insurance
premiums, maintenance fees and other assessments to
which like collateral is commonly subject and (b)
other matters to which like collateral is commonly
subject which do not materially interfere with the
benefits of the security intended to be provided by
the Security Agreement. There are no liens against or
security interest in the Cooperative Stock relating to
such Cooperative Loan (except for unpaid maintenance,
assessments and other amounts owed to the related
Cooperative which individually or in the aggregate do
not have a material adverse effect on such Cooperative
Loan), which have priority over the Trustee's security
interest in such Cooperative Stock;
(C) With respect to each Cooperative Loan, the
Cooperative Stock that is pledged as security for the
Mortgage Loan is held by a person as a
"tenant-stockholder" within the meaning of section 216
of the Code, the related Cooperative that owns title
to the related cooperative apartment building is a
"cooperative housing corporation" within the meaning
of section 216 of the Code, and such Cooperative is in
material compliance with applicable federal, state and
local laws which, if not complied with, could have a
material adverse effect on the Mortgaged Property; and
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(D) With respect to each Cooperative Loan, there
is no prohibition against pledging the Cooperative
Stock or assigning the Proprietary Lease.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(ix) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA") or any state truth-in lending or similar
statute, and the Trustee or the Trust Fund is named as a
defendant in a TILA suit or a suit under any such statutes in
respect of such violation and liability in respect thereof is
imposed upon the Trustee or the Trust Fund as assignees of the
related Mortgage Loan pursuant to Section 1641 of TILA, or any
analogous provision of any such statute, the Company shall
indemnify the Trustee and the Trust Fund from, and hold them
harmless against, any and all losses, liabilities, damages,
claims or expenses (including reasonable attorneys' fees) to
which the Trustee and the Trust Fund, or either of them, become
subject pursuant to TILA or any such statute, insofar as such
losses, damages, claims or expenses (including reasonable
attorneys' fees) result from such violation. The Company's
obligations under the preceding sentence shall not impair or
derogate from the Company's obligations to the Trustee under
Section 8.05.
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(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 Certificate Account
pursuant to Section 2.02), (b) have a Mortgage Rate not less
than, and not more than one percentage point greater than, the
Mortgage Rate of the Defective Mortgage Loan, (c) have the same
Net Mortgage Rate as the Defective Mortgage Loan, (d) have a
remaining term to stated maturity not later than, and not more
than one year less than, the remaining term to stated maturity of
the Defective Mortgage Loan, (e) be, in the reasonable
determination of the Company, of the same type, quality and
character as the Defective Mortgage Loan as if the defect or
breach had not occurred, (f) have a ratio of its current
principal amount to its Original Value not greater than that of
the removed Mortgage Loan and (g) be, in the reasonable
determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of
the date of substitution.
The Company shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Defective Mortgage Loan and the
substitution of a substitute Mortgage Loan therefor. Upon such
amendment the Company shall be deemed to have made as to such
substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution,
which shall be continuing as long as any Certificate shall be
outstanding or this Agreement has not been terminated, and the
remedies for breach of any such representation or warranty shall
be as set forth in Section 2.03(a). Upon such amendment, the
Trustee shall review the Mortgage File delivered to it relating
to the substitute Mortgage Loan, within the time and in the
manner and with the remedies specified in Section 2.02, except
that for purposes of this Section 2.03(b) (other than the
two-year period specified in the first sentence of the preceding
paragraph of this Section 2.03(b)), such time shall be measured
from the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee
has caused to be executed, countersigned and delivered to or upon
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the order of the Company, in exchange for the Mortgage Loans, the
Certificates in authorized denominations evidencing the entire
ownership of the Trust Fund.
Section 2.05. Designations under the REMIC Provisions.
(a) The Company hereby designates the Classes of Certificates
identified in Section 5.01(b), other than the Residual
Certificates, as "regular interests," and the Class R Certificate
as the single class of "residual interests," in the REMIC
established hereunder for purposes of the REMIC Provisions.
(b) The Closing Date will be the "Startup Day" for the
REMIC established hereunder for purposes of the REMIC Provisions.
(c) The "tax matters person" with respect to the REMIC
established hereunder for purposes of the REMIC Provisions shall
be (i) the Company, if the Company is the owner of a Class R
Certificate, or (ii) in any other case, the beneficial owner of
the Class R Certificate having the largest Percentage Interest of
such Class; provided, however, that such largest beneficial owner
and, to the extent relevant, each other holder of a Class R
Certificate, by its acceptance thereof irrevocably appoints the
Company as its agent and attorney-in-fact to act as "tax matters
person" with respect to the REMIC established hereunder for
purposes of the REMIC Provisions.
(d) The "latest possible maturity date" of the regular
interests in the REMIC established hereunder is the Latest
Possible Maturity Date for purposes of section 860G(a)(1) of the
Code.
(e) In no event shall the assets described in clause
(x) of the definition of the term Trust Fund constitute a part of
the REMIC established hereunder.
(f) In the event that the Servicing Fee exceeds the
amount reasonable for such services (within the meaning of
Treasury Regulation 1.860D-1(b)(1)(ii)), the portion or portions
of such fee that can be measured as a fixed number of basis
points on some or all of the Mortgage Loans and can be treated as
one or more stripped coupons within the meaning of Treasury
Regulation 1.860D-1(b)(2)(iii) shall be treated as such stripped
coupons and shall not be treated as a REMIC asset.
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ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that the REMIC established hereunder shall constitute,
and that the affairs of the REMIC shall be conducted so as to
qualify the Trust Fund (other than any collateral fund
established under the agreement referred to in Section 3.08(e)),
as a "real estate mortgage investment conduit" as defined in and
in accordance with the REMIC Provisions. In furtherance of such
intention, the Company covenants and agrees that it shall act as
agent (and the Company is hereby appointed to act as agent) on
behalf of the Trust Fund and the Holders of the Residual
Certificates and that in such capacity it shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and
prepare and file or cause to be prepared and filed with the
Internal Revenue Service and applicable state or local tax
authorities income tax or information returns for each
taxable year with respect to the REMIC established
hereunder, using the calendar year as the taxable year and
the accrual method of accounting, containing such
information and at the times and in the manner as may be
required by the Code or state or local tax laws,
regulations, or rules, and shall furnish or cause to be
furnished to Certificateholders the schedules, statements
or information at such times and in such manner as may be
required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by
the Code, the name, title, address, and telephone number of
the person that the holders of the Certificates may contact
for tax information relating thereto (and the Company shall
act as the representative of the REMIC established
hereunder for this purpose), together with such additional
information as may be required by such Form, and shall
update such information at the time or times and in the
manner required by the Code;
(iii) make or cause to be made an election, on behalf of
the REMIC established hereunder, to be treated as a REMIC,
and make the appropriate designations, if applicable, in
accordance with Section 2.05 hereof on the federal tax
return of the Trust Fund for its first taxable year (and,
if necessary, under applicable state law);
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(iv) prepare and forward, or cause to be prepared and
forwarded, to the Certificateholders and to the Internal
Revenue Service and, if necessary, state tax authorities,
all information returns or reports, or furnish or cause to
be furnished by telephone, mail, publication or other
appropriate method such information, as and when required
to be provided to them in accordance with the REMIC
Provisions, including without limitation, the calculation
of any original issue discount using the Prepayment
Assumption Multiple;
(v) provide information necessary for the computation
of tax imposed on the transfer of a Residual Certificate to
a Disqualified Organization, or an agent (including a
broker, nominee or other middleman) of a Disqualified
Organization, or a pass-through entity in which a
Disqualified Organization is the record holder of an
interest (the reasonable cost of computing and furnishing
such information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct the
affairs of the REMIC established hereunder at all times
that any Certificates are outstanding so as to maintain the
status thereof as a REMIC under the REMIC Provisions;
(vii) not knowingly or intentionally take any action or
omit to take any action that would cause the termination of
the REMIC status of the REMIC or that would subject the
Trust Fund to tax, except for taxes for which the Company
is required to indemnify the REMIC pursuant to Section
3.01(c);
(viii) exercise reasonable care not to allow the creation
of any "interests" in the REMIC within the meaning of
section 860D(a)(2) of the Code other than the interests
represented by the Classes of Certificates identified in
Section 5.01(b);
(ix) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless the Company
shall have provided an Opinion of Counsel to the Trustee
that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject the Trust Fund to tax, or (c)
cause the REMIC established hereunder to fail to qualify as
a REMIC;
(x) exercise reasonable care not to allow the Trust
Fund to receive income from the performance of services or
from assets not permitted under the REMIC Provisions to be
held by a REMIC;
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(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to the REMIC after the Startup Day, and taxes
on net income from foreclosure property, imposed on the
Trust Fund when and as the same shall be due and payable
(but such obligation shall not prevent the Company or any
other appropriate Person from contesting any such tax in
appropriate proceedings and shall not prevent the Company
from withholding payment of such tax, if permitted by law,
pending the outcome of such proceedings);
(xii) ensure that federal, state or local income tax or
information returns shall be signed by the Trustee or such
other person as may be required to sign such returns by the
Code or state or local laws, regulations or rules; and
(xiii) maintain such records relating to the REMIC
established hereunder, including but not limited to the
income, expenses, individual Mortgage Loans (including
Mortgaged Property), other assets and liabilities thereof,
and the fair market value and adjusted basis of the
property of each determined at such intervals as may be
required by the Code, as may be necessary to prepare the
foregoing returns, schedules, statements or information.
The Company shall be entitled to be reimbursed
pursuant to Section 3.04 for any federal income taxes paid by it
pursuant to clause (xi) of the preceding sentence, except to the
extent that such taxes are imposed as a result of the bad faith,
misfeasance or negligence of the Company in the performance of
its obligations hereunder. The Company shall not be entitled to
be reimbursed for any taxes paid pursuant to the indemnification
provisions of Section 3.01(c) (except as provided therein). With
respect to any reimbursement of prohibited transaction taxes, the
Company shall inform the Trustee of the circumstances under which
such taxes were incurred.
(b) The Company shall service and administer the
Mortgage Loans and shall have full power and authority, acting
alone or through one or more Primary Servicers, to do any and all
things in connection with such servicing and administration which
it may deem necessary or desirable. Without limiting the
generality of the foregoing, the Company shall continue, and is
hereby authorized and empowered by the Trustee, to execute and
deliver, or file, as appropriate, on behalf of itself, the
Certificateholders and the Trustee or any of them, any and all
continuation statements, termination statements, instruments of
satisfaction or cancellation, or of partial or full release or
discharge and all other comparable instruments, with respect to
the Mortgage Loans and with respect to the properties subject to
the Mortgages. Without limitation of the foregoing, if the
Company in its individual capacity agrees to refinance any
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Mortgage Loan upon the request of the related Mortgagor, the
Company, as servicer hereunder, may execute an instrument of
assignment in customary form to the Company in its individual
capacity. In connection with any such refinancing, the Trustee
shall, upon certification of a Servicing Officer to the effect
that an amount equal to the principal balance of the related
Mortgage Loan together with accrued and unpaid interest thereon
at the applicable Remittance Rate to the date of such
certification has been credited to the Mortgage Loan Payment
Record, release the related Mortgage File to the Company
whereupon the Company may cancel the related Mortgage Note. Upon
request by the Company after the execution and delivery of this
Agreement, the Trustee shall furnish the Company with any powers
of attorney and other documents necessary or appropriate to
enable the Company to carry out its servicing and administrative
duties hereunder. Except as otherwise provided herein, the
Company shall maintain servicing standards substantially
equivalent to those required for approval by FNMA or FHLMC. The
Company shall not agree to any modification of the material terms
of any Mortgage Loan except as provided in Section 3.01(c), the
second sentence of Section 3.02(a) and in Section 3.07. The
Company shall not release any portion of any Mortgaged Property
from the lien of the related Mortgage unless the related Mortgage
Loan would be a "qualified mortgage" within the meaning of the
REMIC Provisions following such release.
(c) [Intentionally Omitted.]
(d) The relationship of the Company (and of any
successor to the Company as servicer under this Agreement) to the
Trustee under this Agreement is intended by the parties to be
that of an independent contractor and not that of a joint
venturer, partner or agent.
(e) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The Company shall collect such amounts from the
Mortgagor and shall credit the Mortgage Loan Payment Record
accordingly.
(f) If the Company enters into a servicing agreement
with any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
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with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
(g) In no event shall any collateral fund established
under the agreement referred to in Section 3.08(e) constitute an
asset of any REMIC established hereunder.
Section 3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Record; Certificate Account. (a)
The Company shall make reasonable efforts to collect all payments
called for under the terms and provisions of the Mortgage Loans,
and shall, to the extent such procedures shall be consistent with
this Agreement, follow such collection procedures as it follows
with respect to mortgage loans comparable to the Mortgage Loans
in its servicing portfolio. Consistent with the foregoing, the
Company may in its discretion (i) waive any late payment charge
or any assumption fees or other fees which may be collected in
the ordinary course of servicing such Mortgage Loan and (ii) if a
default on the Mortgage Loan has occurred or is reasonably
foreseeable, arrange at any time prior to foreclosure with a
Mortgagor a schedule for the payment of due and unpaid principal
and interest for a period extending not longer than, generally,
one year after the date that such schedule is arranged. Any
arrangement of the sort described in clause (ii) above shall not
affect the amount or timing of the Company's obligation to make
Monthly Advances with respect to any Mortgage Loan which Monthly
Advances shall be made pursuant to the original amortization
schedule applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a
Mortgage Loan Payment Record in which the following payments on
and collections in respect of each Mortgage Loan shall as
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promptly as practicable be credited by the Company for the
account of the Holders of the Certificates:
(i) All payments on account of principal, including
Principal Prepayments (other than (A) payments of principal
due and payable on the Mortgage Loans on or before, and all
Principal Prepayments received before, the Cut-off Date,
(B) in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or
before the Determination Date in the month of substitution,
and all Principal Prepayments received before the first day
of the month of substitution, and (C) in the case of a
replaced Mortgage Loan, payments of principal due and
payable on such Mortgage Loan after the Determination Date
in the month of substitution, and all Principal Prepayments
received in the month of substitution);
(ii) All payments (other than (A) those due and payable
on or before the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, those due and payable on such
Mortgage Loan on or before the Determination Date in the
month of substitution, and (C) in the case of a replaced
Mortgage Loan, those due and payable on such Mortgage Loan
after the Determination Date in the month of substitution)
on account of interest at the applicable Remittance Rate on
the Mortgage Loan received from the related Mortgagor,
including any Buydown Funds applied with respect to
interest at the applicable Remittance Rate on any Buydown
Mortgage Loan;
(iii) All Liquidation Proceeds received by the Company
with respect to such Mortgage Loan and the Purchase Price
for any Mortgage Loan purchased by the Company pursuant to
Sections 2.02, 2.03, 3.01(c) and 3.16 (including any
amounts received in respect of a substitution of a Mortgage
Loan);
(iv) All Insurance Proceeds (including, for this
purpose, any amounts required to be credited by the Company
pursuant to the last sentence of Section 3.06) received by
the Company for the benefit of the Trust Fund, other than
proceeds to be applied to the restoration or repair of the
property subject to the related Mortgage or released, or to
be released, to the related Mortgagor in accordance with
the normal servicing procedures of the Company;
(v) All REO Proceeds;
(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
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recovery under the Surety Bond in accordance with Section
4.09.
The foregoing requirements respecting credits to the Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in the Mortgage Loan Payment Record collections,
Liquidation Proceeds or Insurance Proceeds in respect of Mortgage
Loans which have been previously released from the terms of this
Agreement, amounts representing fees or late charge penalties
payable by Mortgagors, or amounts received by the Company for the
account of Mortgagors for application towards the payment of
taxes, insurance premiums, assessments and similar items.
(c) Subject to subsection (e) below, until the
Business Day prior to each Distribution Date on which amounts are
required to be transferred to the Certificate Account pursuant to
subsection (d) of this Section 3.02, the Company may retain and
commingle such amounts with its own funds and shall be entitled
to retain for its own account any gain or investment income
thereon, and any such investment income shall not be subject to
any claim of the Trustee or Certificateholders. To the extent
that the Company realizes any net loss on any such investments,
the Company shall deposit in the Certificate Account an amount
equal to such net loss at the time the Company is required to
deposit amounts in the Certificate Account pursuant to subsection
(d) of this section 3.02. Any such deposit shall not increase the
Company's obligation under said subsection (d).
(d) The Trustee shall establish and maintain with the
Trustee in its corporate trust department a single separate trust
account designated in the name of the Trustee for the benefit of
the Holders of the Certificates issued hereunder (the
"Certificate Account") into which the Company shall transfer, not
later than 11:00 a.m. New York time on the Business Day prior to
each Distribution Date, an amount in next day funds equal to the
sum of Available Funds for such Distribution Date and any
Unanticipated Recoveries received in the calendar month preceding
the month of such Distribution Date. If the Trustee does not
receive such transfer by 2:00 p.m. on such Business Day, it shall
give the Company written notice thereof.
(e) If the Company or a Responsible Officer of the
Trustee obtains actual notice of or knowledge of the occurrence
of either (x) any Trigger Event or (y) the downgrade by S&P of
General Electric Capital Corporation's short-term senior
unsecured debt rating below A-1+ then, notwithstanding subsection
(c) above, the Company shall promptly establish, and thereafter
maintain, one or more Eligible Accounts in the name of the
Trustee and bearing a designation indicating that amounts therein
are held for the benefit of the Trustee and the
Certificateholders, into which the Company and any Primary
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Servicer shall deposit within two Business Days after receipt,
all amounts otherwise required to be credited to the Mortgage
Loan Payment Record pursuant to Section 3.02(b); provided,
however, that such action shall not be required if the Company
delivers to the Trustee a letter from each Rating Agency to the
effect that the failure to take such action will not cause such
Rating Agency to withdraw or reduce its then current ratings of
the Certificates. All amounts so deposited shall be held in trust
for the benefit of Certificateholders. Amounts so deposited may
be invested at the written instruction of the Company in
Permitted Investments in the name of the Trustee maturing no
later than the Business Day preceding the Distribution Date
following the date of such investment; provided, however, that
any such Permitted Investment which is an obligation of State
Street Bank and Trust Company, in its individual capacity and not
in its capacity as Trustee, may mature on such Distribution Date;
and, provided further, that no such Permitted Investment shall be
sold before the maturity thereof if the sale thereof would result
in the realization of gain prior to maturity unless the Company
has obtained an Opinion of Counsel that such sale or disposition
will not cause the Trust Fund to be subject to the tax on
prohibited transactions under section 860F of the Code, or
otherwise subject the Trust Fund to tax or cause the REMIC
established hereunder to fail to qualify as a REMIC. The Trustee
shall maintain physical possession of all Permitted Investments,
other than Permitted Investments maintained in book-entry form.
The Company, as servicer, shall be entitled to retain for its own
account any gain or other income from Permitted Investments, and
neither the Trustee nor Cer- tificateholders shall have any right
or claim with respect to such income. The Company shall deposit
an amount equal to any loss realized on any Permitted Investment
as soon as any such loss is realized. If the provisions in this
subsection (e) become operable, references in this Agreement to
the Mortgage Loan Payment Record and credits and debits to such
Record shall be deemed to refer to Eligible Accounts and
transfers to and withdrawals from such Eligible Accounts. Any
action which may be necessary to establish the terms of an
account pursuant to this Section 3.02(e) may be taken by an
amendment or supplement to this Agreement or pursuant to a
written order of the Company, which amendment, supplement or
order shall not require the consent of Certificateholders,
provided that the Company has delivered to the Trustee a letter
from each Rating Agency to the effect that such amendment,
supplement or order will not cause such Rating Agency to withdraw
or reduce its then current ratings of the Certificates.
Section 3.03. Collection of Taxes, Assessments and
Other Items. Other than with respect to any Cooperative Loan, the
Company shall establish and maintain with one or more depository
institutions one or more accounts into which it shall deposit all
collections of taxes, assessments, private mortgage
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or hazard insurance premiums or comparable items for the account
of the Mortgagors. As servicer, the Company shall effect the
timely payment of all such items for the account of Mortgagors.
Withdrawals from such account or accounts may be made only to
effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any payments
made regarding taxes and assessments or for any payments made
pursuant to Section 3.05 regarding premiums on Primary Insurance
Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums
determined to be overages, or to pay interest owed to Mortgagors
to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Record. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to the
Mortgage Loan Payment Record for the following purposes:
(i) To reimburse the Company or the applicable Primary
Servicer for Liquidation Expenses theretofore incurred in
respect of any Mortgage Loan in an amount not to exceed the
amount of the related Liquidation Proceeds credited to the
Mortgage Loan Payment Record pursuant to Section
3.02(b)(iii); provided that the Company or the applicable
Primary Servicer shall not be entitled to reimbursement for
Liquidation Expenses incurred after the initiation of
foreclosure proceedings in respect of any Defaulted
Mortgage Loan that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable Primary
Servicer for Insured Expenses and amounts expended by it
pursuant to Section 3.08 in good faith in connection with
the restoration of property damaged by an Uninsured Cause,
in an amount not to exceed the amount of the related
Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts
representing proceeds of other insurance policies covering
the property subject to the related Mortgage credited to
the Mortgage Loan Payment Record pursuant to Section
3.02(b) (iii) and (iv);
(iii) To reimburse the Company to the extent permitted
by Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in respect
of any Defective Mortgage Loan or Defaulted Mortgage Loan
purchased by the Company to the extent that the
distribution of any such amounts on the Distribution Date
upon which the proceeds of such purchase are distributed
would make the total amount distributed in respect of any
such Mortgage Loan on such Distribution Date greater than
the Purchase
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Price therefor, net of any unreimbursed Monthly Advances
made by the Company;
(v) To reimburse the Company (or the Trustee, as
applicable) for Monthly Advances theretofore made in
respect of any Mortgage Loan to the extent of late
payments, REO Proceeds, Insurance Proceeds and Liquidation
Proceeds in
respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor
payment of interest or other recovery with respect to a
particular Mortgage Loan, to the extent not previously
retained by the Company, for unpaid Servicing Fees with
respect to such Mortgage Loan, subject to Section 3.08(d);
(vii) To reimburse the Company (or the Trustee, as
applicable) for any Nonrecoverable Advance (which right of
reimbursement of the Trustee pursuant to this clause shall
be prior to such right of the Company);
(viii) To make transfers of funds to the Certificate
Account pursuant to Section 3.02(d); and
(ix) to deduct any amount credited to the Mortgage Loan
Payment Record in error.
The Company shall keep and maintain separate
accounting records, on a Mortgage Loan by Mortgage Loan basis,
for the purpose of accounting for debits to the Mortgage Loan
Payment Record pursuant to clauses (i), (ii), (iv), (v) and (vi)
of this Section 3.04; provided, however, that it is understood
and agreed that the records of such accounting need not be
retained by the Company for a period longer than the five most
recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance
Policies. (a) The Company shall not take any action which would
result in non-coverage under any applicable Primary Insurance
Policy of any loss which, but for the actions of the Company,
would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full
force and effect each such Primary Insurance Policy until the
principal balance of the related Mortgage Note is 80% or less of
the greater of (i) the related Original Value and (ii) the then
current value of the property underlying the related Mortgage
Note as evidenced by an appraisal thereof satisfactory to the
Company; provided that no such Primary Insurance Policy need be
kept in effect if doing so would violate applicable law. The
Company shall not cancel or refuse to renew any such Primary
Insurance Policy applicable to a Mortgage Loan that is in effect
at the Closing Date and is required to be kept in force hereunder
unless the replacement Primary Insurance Policy for such canceled
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or non-renewed policy is maintained with an insurer whose
claims-paying ability is acceptable to each Rating Agency for
mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such
Rating Agency. The Company agrees to effect the timely payment of
the premium on each Primary Insurance Policy, and such costs not
otherwise recoverable shall be recoverable by the Company from
related Insurance Proceeds and Liquidation Proceeds pursuant to
Section 3.04.
(b) In connection with its activities as administrator
and servicer of the Mortgage Loans, the Company agrees to
present, on behalf of itself, the Trustee and the
Certificateholders, claims to the insurer under each Primary
Insurance Policy and, in this regard, to take such reasonable
action as shall be necessary to permit recovery under any Primary
Insurance Policy respecting a related defaulted Mortgage Loan. To
the extent provided in Section 3.02(b), any amounts collected by
the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage Loan
purchased by a related insurer) shall be credited to the Mortgage
Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The
Company shall cause to be maintained for each Mortgage Loan,
other than a Cooperative Loan, hazard insurance with a standard
mortgagee clause and with extended coverage in an amount which is
at least equal to the maximum insurable value of the improvements
securing such Mortgage Loan from time to time or the principal
balance owing on such Mortgage Loan from time to time, whichever
is less. The Company shall also maintain on property (other than
Cooperative Apartments) acquired upon foreclosure, or by deed in
lieu of foreclosure, hazard insurance with extended coverage in
an amount which is at least equal to the lesser of (i) the
maximum insurable value from time to time of the improvements
which are a part of such property or (ii) the unpaid principal
balance of such Mortgage Loan at the time of such foreclosure or
deed in lieu of foreclosure plus accrued interest and the
good-faith estimate of the Company of related Liquidation
Expenses to be incurred in connection therewith. To the extent
provided in Section 3.02(b)(iv), amounts collected by the Company
under any such policies in respect of the Mortgage Loans shall be
credited to the Mortgage Loan Payment Record. Such costs shall be
recoverable by the Company pursuant to Sections 3.03 and 3.04. In
cases in which property securing any Mortgage Loan other than a
Cooperative Loan is located in a federally designated flood area,
the hazard insurance to be maintained for such Mortgage Loan
shall include flood insurance. All such flood insurance shall be
in such amounts as are required under applicable guidelines of
FNMA. The Company shall be under no obligation to require that
any Mortgagor maintain earthquake or other additional insurance
and shall be under no obligation itself to
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maintain any such additional insurance on property acquired in
respect of a Mortgage Loan, other than pursuant to such
applicable laws and regulations as shall at any time be in force
and as shall require such additional insurance. If the Company
shall obtain and maintain a blanket policy insuring against
hazard losses on all of the Mortgage Loans (whether or not
including Cooperative Loans), it shall conclusively be deemed to
have satisfied its obligations as set forth in the first sentence
of this Section 3.06, it being understood and agreed that such
policy may contain a deductible clause, in which case the Company
shall, in the event that there shall not have been maintained on
the related Mortgaged Property a policy complying with the first
sentence of this Section 3.06, and there shall have been a loss
which would have been covered by such policy, credit to the
Mortgage Loan Payment Record the amount not otherwise payable
under the blanket policy because of such deductible clause.
Section 3.07. Assumption and Modification Agreements.
(a) In any case in which property subject to a Mortgage has been
or is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto, unless in
the reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant
to which such Person becomes liable under the Mortgage Note and
the Mortgagor remains liable thereon. In connection with any such
assumption and modification agreement, the Company shall apply
its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same extent as all
other documents and instruments constituting a part thereof. In
connection with any such agreement, the Mortgage Rate, mortgage
term and any other material term of such Mortgage Loan shall not
be changed. Any fee collected by the Company for entering into
any such agreement will be retained by the Company as additional
servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company shall not be deemed to
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be in default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage
Loans. (a) The Company shall foreclose upon or otherwise
comparably convert the ownership of properties securing such of
the Mortgage Loans as come into and continue in default and as to
which no satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.02. In connection with
such foreclosure or other conversion the Company shall,
consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
Certificateholders after reimbursement to itself for such
expenses and (ii) that such expenses will be recoverable to it
either through Liquidation Proceeds or Insurance Proceeds.
Notwithstanding the foregoing, the Company shall not be entitled
to recover legal expenses incurred in connection with foreclosure
proceedings where the Mortgage Loan is reinstated and such
foreclosure proceedings are terminated prior to completion, other
than sums received from the Mortgagor for such expenses.
Notwithstanding anything to the contrary contained
herein, the Company shall be under no obligation to foreclose
upon or otherwise convert the ownership of any Mortgaged Property
which it believes may be contaminated with or affected by
hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on
the basis of a Phase I environmental assessment with respect to
the related Mortgaged Property. Neither the Trustee nor the
Company shall be liable to the Trust Fund or the
Certificateholders if, based on the Company's belief that such
contamination or effect exists, the Company does not foreclose
upon or otherwise convert the ownership of a Mortgaged Property.
In addition, neither the Trustee nor the Company shall be liable
to the Trust Fund or the Certificateholders if, based on the
Company's belief that no such contamination or effect exists, the
Company forecloses upon a Mortgaged Property and the Trustee or
its nominee on behalf of the Trust Fund takes title to such
Mortgaged Property, and thereafter such Mortgaged Property is
determined to be so contaminated or affected.
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(b) In the event that title to any Mortgaged Property
is acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the Trust Fund. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage
Loan, such Mortgage Loan shall (except for purposes of Section
9.01) be considered to be an Outstanding Mortgage Loan until such
time as the Mortgaged Property shall be sold and such Mortgage
Loan becomes a Liquidated Mortgage Loan. Consistent with the
foregoing, for purposes of all calculations hereunder so long as
such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on an REO Mortgage
Loan shall be treated as a Principal Prepayment received in
respect of such Mortgage Loan.
(c) In the event that the Trust Fund acquires any
Mortgaged Property as aforesaid or otherwise in connection with a
default or imminent default on a Mortgage Loan, the Company shall
dispose of such Mortgaged Property prior to the close of the
third calendar year after the year of its acquisition by the
Trust Fund unless (a) the Trustee shall have been supplied with
an Opinion of Counsel to the effect that the holding by the Trust
Fund of such Mortgaged Property subsequent to such period (and
specifying the period beyond such period for which the Mortgaged
Property may be held) will not result in the imposition of taxes
on "prohibited transactions" of the Trust Fund as defined in
section 860F of the Code, or cause the REMIC established
hereunder to fail to qualify as a REMIC at any time that any
Certificates are outstanding, in which case the Trust Fund may
continue to hold such Mortgaged Property (subject to any
conditions contained in such Opinion of Counsel), or (b) the
Trustee (at the Company's expense) or the Company shall have
applied for, not later than 61 days prior to the expiration of
such period, an extension of such period in the manner
contemplated by section 856(e)(3) of the Code, in which case such
period shall be extended by the time period permitted by section
856(e)(3) of the Code. Notwithstanding any other provision of
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this Agreement, no Mortgaged Property acquired by the Trust Fund
shall be rented (or allowed to continue to be rented) or
otherwise used for the production of income by or on behalf of
the Trust Fund or sold in such a manner or pursuant to any terms
that would (i) cause such Mortgaged Property to fail to qualify
at any time as "foreclosure property" within the meaning of
section 860G(a)(8) of the Code, (ii) subject the Trust Fund to
the imposition of any federal or state income taxes on "net
income from foreclosure property" with respect to such Mortgaged
Property within the meaning of section 860G(c) of the Code, or
(iii) cause the sale of such Mortgaged Property to result in the
receipt by the Trust Fund of any income from non-permitted assets
as described in section 860F(a)(2)(B) of the Code, unless the
Company has agreed to indemnify and hold harmless the Trust Fund
with respect to the imposition of any such taxes.
(d) Any collection of Insurance Proceeds or
Liquidation Proceeds will be applied in the following order of
priority: first, to reimburse the Company for any related
unreimbursed Liquidation Expenses and to reimburse the Company or
the Trustee, as applicable, for any related unreimbursed Monthly
Advances; second, to accrued and unpaid interest on the Mortgage
Loan at the Mortgage Rate from the date to which interest was
last paid or advanced to the Due Date prior to the Distribution
Date on which such amounts are to be distributed; and third, as a
recovery of principal of the Mortgage Loan. If the amount so
allocated to interest is less than the full amount of accrued and
unpaid interest due on such Mortgage Loan, the amount of such
recovery will be allocated among the Base Servicing Fee at the
Base Servicing Fee Rate, the Supplemental Servicing Fee at the
Supplemental Servicing Fee Rate and interest at the Remittance
Rate in proportion to the amount of such accrued interest which
would have been allocated to each such category in the absence of
any shortfall. The resulting Interest Loss shall be allocated
among each such category in the same proportion as described in
the preceding sentence. The portion so allocated to interest at
the Remittance Rate shall be allocated to the Certificates for
purposes of making the allocation specified in the definition of
Certificate Interest Loss.
(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class B5 Certificates
(provided that such form may be revised to delete the option on
the part of such Person to purchase a defaulted Mortgage Loan as
set forth in Section 2.02(f) thereof). Prior to entering into any
such agreement with any Person, the Company shall obtain a
certification from such Person to the effect that (i) such Person
is not an "affiliate" (within the meaning of the Prohibited
Transaction Exemption) of the Trustee and (ii) such Person will
not purchase any Certificates if such purchase would cause such
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Person to hold more than a ten percent interest in the Mortgage
Pool. It is understood that the right of the Company to be
reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions
of any such agreement. The Trustee hereby agrees to perform such
obligations as may be expressly required of it pursuant to the
provisions of such agreement and to promptly notify each party to
such agreement if a Responsible Officer of the Trustee (with
direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead
to the Trustee's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of any Person with which
the Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source, amount and application of funds to be
deposited or withdrawn from the Collateral Fund (as defined in
such agreement). The Trustee shall provide the Company with such
information concerning credits and debits to the Collateral Fund
on account of income, gains and losses realized from Collateral
Fund Permitted Investments (as defined in such agreement), and
costs associated with the purchase and sale thereof, as the
Company may request in order to prepare the instructions
described in the preceding sentence.
In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with the Person that is the Holder of 100% of the Class B4
Certificates, provided that (i) such Person is also the Holder of
100% of the Class B5 Certificates, (ii) such Person shall have no
rights under such agreement until the date on which the Class
Certificate Principal Balance of the Class B5 Certificates has
been reduced to zero, and (iii) any rights of such Person under
such agreement shall terminate in the event that such Person
transfers, directly or indirectly, the Class B4 Certificates to
any other Person.
Section 3.09. Trustee to Cooperate; Release of
Mortgage Files. Upon the payment in full of any Mortgage Loan,
the Company will immediately notify the Trustee by a
certification (which certification shall include a statement to
the effect that all amounts received in connection with such
payment which are required to be credited to the Mortgage Loan
Payment Record pursuant to Section 3.02 have been so credited) of
a Servicing Officer and shall request delivery 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,
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the related Buydown Funds will be applied or returned to the
Person entitled thereto in accordance with the terms of such
Buydown Mortgage Loan. Upon receipt of such certification and
request in form satisfactory to the Trustee, the Trustee shall
promptly, but in any event within five Business Days, release the
related Mortgage File to the Company; provided, that the Trustee
shall not be responsible for any delay in the release of a
Mortgage File resulting from acts beyond its control, including
without limitation, acts of God, strikes, lockouts, riots, acts
of war or terrorism, epidemics, nationalization, governmental
regulations imposed after the fact, fire, communication line
failures, computer viruses, power failures, earthquakes or other
disasters. Upon any such payment in full, the Company is
authorized to execute, pursuant to the authorization contained in
Section 3.01, an instrument of satisfaction regarding such
Mortgage, which instrument of satisfaction shall be recorded by
the Company if required by applicable law and be delivered to the
Person entitled thereto, it being understood and agreed that no
expenses incurred in connection with such instrument of
satisfaction shall be reimbursed from amounts at the time
credited to the Mortgage Loan Payment Record. From time to time
and as appropriate for the servicing or foreclosure of any
Mortgage Loan (including, without limitation, collection under
any Primary Insurance Policy), the Trustee shall, upon request of
the Company and delivery to the Trustee of a receipt signed by a
Servicing Officer, release the related Mortgage File to the
Company and shall execute such documents as shall be necessary to
the prosecution of any such proceedings. Such receipt shall
obligate the Company to return the Mortgage File to the Trustee
when the need therefor by the Company no longer exists unless the
Mortgage Loan shall be liquidated, in which case, upon receipt of
a certificate of a Servicing Officer similar to that hereinabove
specified, the receipt shall be released by the Trustee to the
Company.
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company. (a) As compensation for its
activities and obligations hereunder, the Company shall be
entitled to withhold and pay to itself out of each payment
received by it on account of interest on each Mortgage Loan
(including the portion of any Buydown Funds applied to the
related Buydown Mortgage Loan for the applicable period) an
amount equal to the Servicing Fee. The aggregate of the Servicing
Fees payable to the Company on any Distribution Date shall be
reduced by the amount of any Compensating Interest Payment for
such Distribution Date. Additional servicing compensation in the
form of Prepayment Interest Excess, assumption fees, modification
fees, late payment charges, interest income or gain with respect
to amounts deposited in the Certificate Account and invested by
the Company or otherwise shall be retained by the Company,
subject to Section 3.10(b), if applicable. The Company shall be
required to pay all expenses
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incurred by it in connection with its activities hereunder
(including payment of Trustee fees and all other fees and
expenses not expressly stated hereunder to be for the account of
the Certificateholders) and shall not be entitled to
reimbursement therefor except as provided in Sections 3.01, 3.03,
3.04 and 3.08.
(b) The Company may, as a condition to granting any
request by a Mortgagor for any consent, modification, waiver or
amendment or any other matter or thing, the granting of which is
in the Company's discretion pursuant to the terms of the
instruments evidencing or securing the related Mortgage Loan and
is permitted by other sections of this Agreement, require (to the
extent permitted by applicable law) that such Mortgagor pay to it
a reasonable or customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate
Account Statements. Not later than 15 days after each
Distribution Date, the Company shall forward to the Trustee a
statement, certified by a Servicing Officer, setting forth the
status of the Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
covered by such statement, the aggregate of credits to the
Mortgage Loan Payment Record for each category of credit
specified in Section 3.02 and each category of debit specified in
Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 1999, an Officer's
Certificate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, the Company has fulfilled all its material
obligations under this Agreement throughout such year, or, if
there has been a default in the fulfillment of any such
obligation, specifying each such default known to such Officer
and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1999, the Company shall:
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(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
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Section 3.14 as a result of such obligation shall not constitute
a breach of this Section 3.14.
Section 3.15. Maintenance of Certain Servicing
Policies. The Company shall during the term of its service as
servicer maintain in force (i) a policy or policies of insurance
covering errors and omissions in the performance of its
obligations as servicer hereunder and (ii) a fidelity bond in
respect of its officers, employees or agents. Each such policy or
policies and bond shall, together, comply with the requirements
from time to time of FNMA for persons performing servicing for
mortgage loans purchased by such association.
Section 3.16. Optional Purchase of Defaulted Mortgage
Loans. The Company shall have the right, but not the obligation,
to purchase any Defaulted Mortgage Loan for a price equal to the
Purchase Price therefor. Any such purchase shall be accomplished
as provided in Section 4.04(a) hereof.
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution
Date, the Trustee shall withdraw the Available Funds from the
Certificate Account and shall make distributions to Holders of
the Certificates as of the preceding Record Date in the following
order of priority, to the extent of the remaining Available
Funds:
(i) to each Class of Senior Certificates (other than
any Class of Principal Only Certificates) the Accrued
Certificate Interest thereon for such Distribution Date;
provided 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 Senior Certificates (other than
any Class of Principal Only Certificates) any related
Unpaid Class Interest Shortfall for such Distribution Date;
provided that any shortfall in available amounts shall be
allocated among such Classes in proportion to the Unpaid
Class Interest Shortfall for each such Class on such
Distribution Date;
(iii) to the Classes of Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently, as follows:
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(A) to the Class A8 Certificates, the Class A8
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero;
(B) to the Group I Senior Certificates, the
Senior Optimal Principal Amount for such Distribution
Date, as reduced by the Class A8 Principal
Distribution Amount for such Distribution Date, in the
following
order of priority:
(i) to the Class R Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(ii) to the Class A1, Class A2, Class A3,
Class A4 and Class A5 Certificates, concurrently,
as follows:
(a) to the Class A1 Certificates,
28.087021638% of the remaining amount set
forth in clause (a)(iii)(B) of this Section
4.01, until the Class Certificate Principal
Balance thereof has been reduced to zero;
(b) to the Class A2, Class A3 and Class
A4 Certificates, 28.087021638% of the
remaining amount set forth in clause
(a)(iii)(B) of this Section 4.01, in the
following order of priority:
(1) to the Class A2 Certificates, up
to the amount necessary to reduce
the Class Certificate Principal
Balance of such Class to its TAC
Balance for such Distribution
Date);
(2) concurrently, to the Class A3 and
Class A4 Certificates, in
proportion to their respective
Class Certificate Principal
Balances, until the Class
Certificate Principal Balances
thereof have each been reduced to
zero; and
(3) to the Class A2 Certificates,
without regard to the TAC Balance
thereof, until the Class
Certificate Principal Balance
thereof has been reduced to zero;
and
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(c) to the Class A5 Certificates,
43.825956724% of the remaining amount set
forth in clause (a)(iii)(B) of this Section
4.01, until the Class Certificate Principal
Balances thereof has been reduced to zero;
and
(iii) concurrently, to the Class A6 and
Class A7 Certificates, in proportion to their
respective Class Certificate Principal Balances,
until the Class Certificate Principal Balances
thereof have been reduced to zero; and
(C) to the Class PO Certificates, the PO
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero;
(iv) to the Class PO Certificates, any Class PO
Deferred Amount for such Distribution Date, up to an amount
not to exceed the Junior Optimal Principal Amount for such
Distribution Date, until the Class Certificate Principal
Balance of such Class has been reduced to zero; provided,
that any such amounts distributed to the Class PO
Certificates pursuant to this clause (iv) shall not reduce
the Class Certificate Principal Balance thereof;
(v) to the Class M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(viii) to the Class B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class B1 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xi) to the Class B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
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(xii) to the Class B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class B2 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xiv) to the Class B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class B3 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xvii) to the Class B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class B4 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date;
(xx) to the Class B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class B5 Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount on
such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
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the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(b) On each Distribution Date, the Trustee shall
distribute to the holder of the Class R Certificate any remaining
Available Funds for such Distribution Date after application of
all amounts described in clause (a) of this Section 4.01,
together with any Unanticipated Recoveries received by the
Company in the calendar month preceding the month of such
Distribution Date and not distributed on such Distribution Date
to the holders of outstanding Certificates of any other Class
pursuant to Section 4.01(e). Any distributions pursuant to this
clause (b) shall not reduce the Class Certificate Principal
Balance of the Class R Certificate.
(c) If on any Distribution Date the Class Certificate
Principal Balances of the Junior Certificates have each been
reduced to zero, the amount distributable to the Senior
Certificates other than the Class PO Certificates pursuant to
Section 4.01(a)(iii) for such Distribution Date and each
succeeding Distribution Date shall be allocated among such
Classes of Senior Certificates, pro rata, on the basis of their
respective Class Certificate Principal Balances immediately prior
to such Distribution Date, regardless of the priorities and
amounts set forth in Section 4.01(a)(iii).
(d) If on any Distribution Date (i) the Class
Certificate Principal Balance of the Class M Certificates or any
Class of Class B Certificates for which the related Prepayment
Distribution Trigger was satisfied on such Distribution Date is
reduced to zero and (ii) amounts distributable pursuant to
clauses (ii), (iv) and (v) of the Junior Optimal Principal Amount
remain undistributed on such Distribution Date after all amounts
otherwise distributable on such date pursuant to clauses (iv)
through (xxii) of Section 4.01(a) have been distributed, such
amounts shall be distributed on such Distribution Date to the
remaining Classes of Junior Certificates in order of priority,
such that no such distribution shall be made to any Class of
Junior Certificates while a prior such Class is outstanding.
(e) In the event that in any calendar month the
Company recovers an amount (an "Unanticipated Recovery") in
respect of principal of a Mortgage Loan which had previously been
allocated as a Realized Loss to any Class of Certificates
pursuant to Section 4.03, on the Distribution Date in the next
succeeding calendar month the Trustee shall withdraw from the
Certificate Account and distribute to the holders of each
outstanding Class to which such Realized Loss had previously been
allocated its share (determined as described in the succeeding
paragraph) of such Unanticipated Recovery in an amount not to
exceed the amount of such Realized Loss previously allocated to
such Class. When the Class Certificate Principal Balance of a
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Class of Certificates has been reduced to zero, the holders of
such Class shall not be entitled to any share of an Unanticipated
Recovery, and such Unanticipated Recovery shall be allocated
among all outstanding Classes of Certificates entitled thereto in
accordance with the preceding sentence, subject to the remainder
of this subsection (e). In the event that (i) any Unanticipated
Recovery remains undistributed in accordance with the preceding
sentence or (ii) the amount of an Unanticipated Recovery exceeds
the amount of the Realized Loss previously allocated to any
outstanding Classes with respect to the related Mortgage Loan, on
the applicable Distribution Date the Trustee shall distribute to
the holders of all outstanding Classes of the related
Certificates to which Realized Losses had previously been
allocated and not reimbursed their pro rata share (determined as
described below) of such excess in an amount not to exceed the
aggregate amount of any Realized Loss previously allocated to
such Class with respect to any other Mortgage Loan that has not
been recovered in accordance with Section 4.01(e). Any
distributions made pursuant to this Section 4.01(e) shall not
reduce the Class Certificate Principal Balance of the related
Certificate.
For purposes of the preceding paragraph, the share of
an Unanticipated Recovery allocable to any Class of Certificates
with respect to a Mortgage Loan shall be (i) with respect to the
Class PO Certificates, based on the applicable PO Percentage of
the principal portion of the Realized Loss previously allocated
thereto with respect to such Mortgage Loan (or all Mortgage Loans
for purposes of the next to last sentence of the preceding
paragraph), and (ii) with respect to any other Class of
Certificates, based on its pro rata share (in proportion to the
Class Certificate Principal Balances thereof with respect to such
Distribution Date) of the applicable Non-PO Percentage of the
principal portion of any such Realized Loss previously allocated
with respect to such Mortgage Loan (or Loans); provided, however,
that (i) the share of an Unanticipated Recovery allocable to a
Class PO Certificate with respect to any Mortgage Loan (or Loans)
shall be reduced by the aggregate amount previously distributed
to such Class on account of the applicable Class PO Deferred
Amount in respect of such Mortgage Loan (or Loans) and (ii) the
amount by which the distributions to the Class PO Certificates
have been so reduced shall be distributed to the Classes of
Certificates described in clause (ii) of the preceding paragraph
in the same proportion as described in such clause (ii). For
purposes of the preceding sentence, any Class PO Deferred Amount
distributed to a Class PO Certificate on previous Distribution
Dates shall be deemed to have been allocated in respect of the
Mortgage Loans as to which the applicable PO Percentage of the
principal portion of Realized Losses has previously been
allocated to such Class on a pro rata basis (based on the amount
of Realized Losses so allocated).
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Section 4.02. Method of Distribution. (a) All
distributions with respect to each Class of Certificates on each
Distribution Date shall be made pro rata among the outstanding
Certificates of such Class, based on the Percentage Interest in
such Class represented by each Certificate. Payments to the
Certificateholders on each Distribution Date will be made by the
Trustee to the Certificateholders of record on the related Record
Date (other than as provided in Section 9.01 respecting the final
distribution) by check or money order mailed to a
Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to
the Trustee made not later than the applicable Record Date, by
wire transfer to a U.S. depository institution acceptable to the
Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry
Certificate shall be paid to the Depository, which shall credit
the amount of such distribution to the accounts of its Depository
Participants in accordance with its normal procedures. Each
Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to
each Financial Intermediary for which it acts as agent. Each
Financial Intermediary shall be responsible for disbursing funds
to the Certificate Owners that it represents. All such credits
and disbursements with respect to a Book-Entry Certificate are to
be made by the Depository and the Depository Participants in
accordance with the provisions of the applicable Certificates.
Neither the Trustee nor the Company shall have any responsibility
therefor except as otherwise provided by applicable law.
(c) The Trustee shall withhold or cause to be withheld
such amounts as it reasonably determines are required by the Code
(giving full effect to any exemptions from withholding and
related certifications required to be furnished by
Certificateholders or Certificate Owners and any reductions to
withholding by virtue of any bilateral tax treaties and any
applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the
amount required to be withheld for a distribution can be made
within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is (i) an
individual other than a citizen or resident of the United States,
(ii) a partnership, corporation or entity treated as a
partnership or corporation for U.S. federal income tax purposes
not formed under the laws of the United States, any state thereof
or the District of Columbia (unless, in the case of a
partnership, Treasury regulations provide otherwise), (iii) any
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estate, the income of which is not subject to U.S. federal income
taxation, regardless of source, and (iv) any trust, other than a
trust that a court within the United States is able to exercise
primary supervision over the administration of the trust and one
or more U.S. Persons have the authority to control all
substantial decisions of the trust.
Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan that
occurred during the immediately preceding calendar month.
(b) With respect to any Distribution Date, the
principal portion of each Realized Loss (other than any Excess
Loss) shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class PO Certificates until the Class Certificate Principal
Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class M Certificates until the Class
Certificate Principal Balance thereof has been reduced
to zero; and
seventh, to the Classes of Senior Certificates
other than the Class PO Certificates, pro rata, in
accordance with their Class Certificate Principal
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Balances; provided, that any such loss allocated to
any Class of Accrual Certificates (and any Accrual
Component) shall be allocated (subject to Section
4.03(d)) on the basis of the lesser of (x) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof immediately prior to the applicable
Distribution Date and (y) the Class Certificate
Principal Balance (or Component Principal Balance)
thereof on the Closing Date (as reduced by any
Realized Losses previously allocated thereto).
(c) With respect to any Distribution Date, the
principal portion of any Excess Loss (other than Excess
Bankruptcy Losses attributable to Debt Service Reductions) shall
be allocated as follows: (1) the PO Percentage of any such loss
shall be allocated to the Class PO Certificates, and (2) the
Non-PO Percentage of any such loss shall be allocated to each
Class of Certificates other than the Class PO Certificates, pro
rata, based on the respective Class Certificate Principal
Balances thereof; provided, that any such loss allocated to any
Class of Accrual Certificates (and any Accrual Component) shall
be allocated (subject to Section 4.03(d)) on the basis of the
lesser of (x) the Class Certificate Principal Balance (or
Component Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class Certificate
Principal Balance (or Component Principal Balance) thereof on the
Closing Date (as reduced by any Realized Losses previously
allocated thereto).
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. In addition, any
Realized Losses allocated to any Class of Component Certificates
on a Distribution Date shall be allocated in reduction of the
Component Principal Balances of the related Components (other
than any Notional Component) in proportion to their respective
Component Principal Balances immediately prior to such
Distribution Date. Any allocation of Realized Losses pursuant to
this paragraph (d) shall be accomplished by reducing the
Certificate Principal Balance (or, in the case of any Component,
the Component Principal Balance) of the related Certificates (or
Components) on the related Distribution Date in accordance with
Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses to be allocated to the Class
PO Certificates on such Distribution Date will be taken into
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account in determining distributions in respect of any Class PO
Deferred Amount for such date.
(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any.
Any such Subordinate Certificate Writedown Amount shall effect a
corresponding reduction in the Certificate Principal Balance of
the Subordinate Certificates, which reduction shall occur on such
Distribution Date after giving effect to distributions made on
such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation
of any Realized Loss shall be made on a Distribution Date to a
Class of Certificates to the extent that such allocation would
result in the reduction of the aggregate Certificate Principal
Balances of all the Certificates as of such Distribution Date,
after giving effect to all distributions and prior allocations of
Realized Losses on such date, to an amount less than the
aggregate Scheduled Principal Balance of the Mortgage Loans as of
the first day of the month of such Distribution Date, less any
Deficient Valuations occurring on or prior to the Bankruptcy
Coverage Termination Date (such limitation, the "Loss Allocation
Limitation").
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine (i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date. If the Company so elects to
purchase any Defaulted Mortgage Loans (or is required to purchase
any Mortgage Loan pursuant to Section 2.02 or 2.03(a)), no
Monthly Advance shall be required with respect thereto for the
month in which such purchase occurs. The Company shall include
information as to each of such determinations in the Servicer's
Certificate furnished by it to the Trustee in accordance with
Section 4.06 and shall be obligated to transfer to the
Certificate Account pursuant to Section 3.02(d) on or before
11:00 a.m. New York time on the Business Day next preceding the
following Distribution Date in next-day funds the respective
amounts applicable to such determinations appearing in such
Servicer's Certificate. Upon receipt by the Trustee of written
notification signed by a Servicing Officer of any such deposit
relating to the purchase by the Company of such a Mortgage Loan,
the Trustee shall release to the Company the related Mortgage
File and shall execute and deliver such instruments of transfer
or assignment, in each case without recourse, as shall be
necessary to vest in the Company any Mortgage Loan released
pursuant hereto.
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(b) In the event that the Company transfers or expects
to transfer less than the Available Funds required to be
deposited by it pursuant to Section 3.02(d), the Company shall so
notify the Trustee no later than 9:00 a.m. on the Business Day
preceding the related Distribution Date, and the amount so
transferred, if any, shall be deemed to have been transferred
first pursuant to clause (i) of the definition of Available
Funds, second pursuant to clause (iii) of the definition of
Available Funds, and third pursuant to clause (ii) of the
definition of Available Funds. Such notice shall specify each
Mortgage Loan delinquent as of the preceding Determination Date.
In such event, the Trustee shall make any Monthly Advance
required to be made hereunder, in the manner and to the extent
required; provided, the Trustee shall not be so obligated if
prohibited by applicable law.
(c) In the event that the Company is succeeded
hereunder as servicer, the obligation to make Monthly Advances in
the manner and to the extent required by Section 4.04(a) shall be
assumed by the successor servicer (subject to Section 7.02).
Section 4.05. Statements to Certificateholders. Each
month, at least two Business Days prior to each Distribution
Date, the Company shall deliver to the Trustee for mailing to
each Certificateholder, and the Trustee shall mail to each
Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of
Exhibit J hereto, setting forth:
(i) The amount of such distribution to the
Certificateholders of each Class (and in respect of any
Component), other than any Notional Certificates (and any
Notional Component), allocable to principal, separately
identifying the aggregate amount of any Principal
Prepayments included therein (including, for this purpose,
the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and any
amounts deposited pursuant to Section 2.03(b) in connection
with the substitution of any Mortgage Loans pursuant to
Section 2.02 or 2.03(a), the proceeds of which purchases or
substitutions are being distributed on such Distribution
Date);
(ii) The amount of such distribution to the
Certificateholders of each Class (other than any Class of
Principal Only Certificates) allocable to interest,
including any Accrual Amount added to the Class Certificate
Principal Balance or Component Principal Balance of any
Class of Accrual Certificates or any Accrual Components;
(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of
distribution
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in respect of the Mortgage Loans and such other customary
information as the Company deems necessary or desirable to
enable Certificateholders to prepare their tax returns;
(iv) The Pool Scheduled Principal Balance and the
aggregate number of the Mortgage Loans on the preceding Due
Date after giving effect to all distributions allocable to
principal made on such Distribution Date;
(v) The Class Certificate Principal Balance (or
Notional Principal Balance) of each Class, the Component
Principal Balance of each Component and the Certificate
Principal Balance (or Notional Principal Balance) of a
Single Certificate of each Class after giving effect to (i)
all distributions allocable to principal (or reductions in
the Notional Principal Balance, in the case of the Notional
Certificates, or the addition of any Accrual Amount, in the
case of any Class of Accrual Certificates) made on such
Distribution Date and (ii) the allocation of any Realized
Losses and any Subordinate Certificate Writedown Amount for
such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of any
real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan, and the
number of the related Mortgage Loans;
(viii) The aggregate Scheduled Principal Balances and
number of Mortgage Loans which, as of the close of business
on the last day of the month preceding the related
Distribution Date, were (a) delinquent as to a total of (x)
30-59 days, (y) 60-89 days and (z) 90 days or more, and (b)
in foreclosure;
(ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b) ;
(x) The Certificate Interest Rates of any LIBOR
Certificates and any COFI Certificates applicable to the
Interest Accrual Period relating to such Distribution Date
and such Class;
(xi) The Senior Percentage, Class A8 Percentage, the
Class A8 Scheduled Distribution Percentage and Junior
Percentage for such Distribution Date;
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(xii) The Senior Prepayment Percentage, the Class A8
Prepayment Distribution Percentage and the Junior Prepayment
Percentage for such Distribution Date; and
(xiii) The amount of such distribution to the
Certificateholders of each Class allocable to Unanticipated
Recoveries.
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
pursuant to this Section 4.05(a) on previous Distribution Dates,
(ii) all certificates furnished to the Trustee pursuant to
Section 4.06 in prior months, (iii) Officer's Certificates
furnished to the Trustee pursuant to Section 3.12 for the two
years preceding such request, (iv) reports of independent
accountants furnished to the Trustee pursuant to Section 3.13 for
the two years preceding such request, (v) a copy of the Private
Placement Memorandum relating to such Certificate, together with
any amendments or supplements thereto issued by the Company
(which copy shall be furnished to the Trustee by the Company),
and (vi) the Company's Current Report on Form 8-K, dated the
Closing Date, relating to the Mortgage Loans; provided, however,
that the Trustee shall in no event be required to make available
such statements or certificates pursuant to clauses (i) and (ii)
above relating to Distribution Dates occurring more than
twenty-four months preceding the month in which such request was
received; provided, further, however, that notwithstanding the
Trustee's agreement as aforesaid to provide such materials to a
proposed transferee, the Trustee does not assume, and shall not
thereby be deemed to have assumed, any responsibility for
compliance by the Company with Rule 144A (subject to the
Trustee's agreement set forth in the second sentence of this
paragraph) and shall be entitled to include a notice with such
statements or certificates to the effect that such materials have
not been prepared or assembled by the Trustee and that the
Trustee assumes no responsibility for the adequacy, sufficiency
or contents thereof. In connection with any such proposed
transfer, the Company shall make available to the proposed
holder, at the request of the related transferor, such additional
information, if any, as may be required to be delivered pursuant
to Rule 144A(d)(4).
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Section 4.06. Servicer's Certificate. Each month, not
later than the second Business Day next preceding each
Distribution Date, the Company shall deliver to the Trustee a
completed Servicer's Certificate.
Section 4.07. Reports of Foreclosures and Abandonments
of Mortgaged Property. The Trustee (or the Company on behalf of
the Trustee) shall, in each year beginning after 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 Base Servicing Fees by
Compensating Interest Payments. The aggregate amount of the Base
Servicing Fees subject to retention by the Company as servicer in
respect of any Distribution Date shall be reduced by the amount
of any Compensating Interest Payment for such Distribution Date.
Section 4.09. Surety Bond. (a) If a Required Surety
Payment is payable pursuant to the Surety Bond with respect to
any Pledged Asset Mortgage Loan, the Company shall so notify the
Trustee as soon as reasonably practicable and shall, on behalf of
the Trustee for the benefit of the Certificateholders, promptly
complete the notice in the form of Attachment 1 to the Surety
Bond and shall promptly submit such notice to the Surety as a
claim for a Required Surety Payment.
(b) Upon receipt of a Required Surety Payment from the
Surety on behalf of the Certificateholders, the Company shall
promptly credit the Mortgage Loan Payment Record and shall
distribute such Required Surety Payment, or the proceeds thereof,
in accordance with the provisions of Section 4.01.
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates. (a) The Certificates
shall be substantially in the forms set forth in Exhibit A
hereto, as applicable, and shall, on original issue, be executed
by the Trustee, not in its individual capacity but solely as
Trustee, and countersigned and delivered by the Trustee to or
upon the order of the Company as provided in Article II.
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(b) The Certificates shall be issued in an aggregate
Initial Certificate Principal Balance of $601,414,122.68. Such
aggregate original principal balance shall be divided among the
Classes having the designations, Class Certificate Principal
Balances, Certificate Interest Rates and minimum denominations as
follows:
Initial
Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- ------- ---- -------------
Class A1 $ 108,021,000.00 6.50% $ 25,000
Class A2 81,654,000.00 7.00 25,000
Class A3 21,714,000.00 (1) 25,000
Class A4 4,653,000.00 (1) 25,000
Class A5 168,552,000.00 6.75 25,000
Class A6 98,853,000.00 (1) 25,000
Class A7 32,951,000.00 (1) 25,000
Class A8 60,141,355.00 6.75 25,000
Class PO 216,687.84 0.00 200,000
Class M 11,127,000.00 6.75 100,000
Class B1 5,413,000.00 6.75 100,000
Class B2 2,706,000.00 6.75 100,000
Class B3 2,406,000.00 6.75 250,000
Class B4 1,202,800.00 6.75 250,000
Class B5 1,803,179.84 6.75 250,000
Class R 100.00 6.75 100
- ------------
(1) The Certificate Interest Rates of the Class A3, Class A4,
Class A6 and Class A7 Certificates for each Interest Annual
Period shall be determined as provided in Section 5.01(e).
(c) The Certificates shall be issuable in registered
form only. The Book-Entry Certificates will be evidenced by one
or more certificates, beneficial ownership of which will be held
in the minimum dollar denominations in Certificate Principal
Balance or Notional Principal Balance, as applicable, specified
in Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The Non-Book-Entry Certificates other than the Residual
Certificate shall each be issued in the minimum dollar
denominations in Certificate Principal Balance or Notional
Principal Balance, as applicable, specified in Section 5.01(b),
and integral multiples of $1,000 in excess thereof (and, if
necessary, in the amount of the remaining Class Certificate
Principal Balance or Notional Principal Balance, as applicable,
of each Class, in the case of one Certificate of such Class). The
Residual Certificate shall be issued as a single certificate
evidencing the entire Class Certificate Principal Balance of such
Class and having a Percentage Interest of 100%. If necessary, one
Certificate of each Class of Book-Entry Certificates may evidence
an additional amount equal to the remainder of the Class
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Certificate Principal Balance (or Notional Principal Balance) of
such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) During the first Interest Accrual Period, the
Certificate Interest Rate of the Class A3 Certificates shall be
6.05938% per annum. For each subsequent Interest Accrual Period,
the Certificate Interest Rate of the Class A3 Certificates shall
be a per annum rate equal to the lesser of (i) 0.45% plus LIBOR
and (ii) 8.50%, subject to a minimum rate of 0.45%.
During the first Interest Accrual Period, the Certificate
Interest Rate of the Class A4 Certificates shall be 11.38956% per
annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class A4 Certificates shall be a
per annum rate equal to the lesser of (i) 37.56667% minus the
product of 4.66667 and LIBOR, and (ii) 37.56667%, subject to a
minimum rate of 0.0%.
During the first Interest Accrual Period, the Certificate
Interest Rate of the Class A6 Certificates shall be 6.40938% per
annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class A6 Certificates shall be a
per annum rate equal to the lesser of (i) 0.80% plus LIBOR and
(ii) 9.00%, subject to a minimum rate of 0.80%.
During the first Interest Accrual Period, the Certificate
Interest Rate of the Class A7 Certificates shall be 7.77186% per
annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class A7 Certificates shall be a
per annum rate equal to the lesser of (i) 24.60% minus the
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product of 3.00 and LIBOR, and (ii) 24.60%, subject to a minimum
of 0.0%.
Section 5.02. Registration of Transfer and Exchange of
Certificates. (a) The Trustee shall cause to be kept at an office
or agency in the city in which the Corporate Trust Office of the
Trustee is located or in the City of New York, New York a
Certificate Register in which, subject to such reasonable
regulations as it may prescribe, the Trustee shall provide for
the registration of Certificates and of transfers and exchanges
of Certificates as herein provided. The Trustee shall initially
serve as Certificate Registrar for the purpose of registering
Certificates and transfers and exchanges of Certificates as
herein provided.
Subject to Sections 5.02(b) and 5.02(c), upon
surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Trustee shall execute, authenticate
and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of the same Class in
authorized denominations of a like Percentage Interest.
At the option of a Certificateholder, Certificates may
be exchanged for other Certificates of authorized denominations
of a like Class and Percentage Interest, upon surrender of the
Certificates to be exchanged at any such office or agency.
Whenever any Certificates are so surrendered for exchange the
Trustee shall execute, countersign and deliver the Certificates
which the Certificateholder making the exchange is entitled to
receive. Every Certificate presented or surrendered for
registration of transfer or exchange shall be accompanied by a
written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing.
No service charge shall be made for any registration
of transfer or exchange of Certificates, but the Trustee may
require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any
transfer or exchange of Certificates.
All Certificates surrendered for registration of
transfer and exchange shall be canceled and subsequently
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
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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 that the transferee has
the intention to
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impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to a
Residual Certificate, and (iii) conducted a reasonable
investigation and found that the transferee had historically paid
its debts as they came due and found no significant evidence to
indicate that the transferee will not continue to pay its debts
as they become due. The Residual Certificates shall bear a legend
referring to the foregoing restrictions contained in this
paragraph and the preceding paragraph.
Upon notice to the Company that any legal or
beneficial interest in any portion of the Residual Certificates
has been transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
such transferee shall be deemed to hold the Residual Certificate
in constructive trust for the last transferor who was not a
Disqualified Organization or agent thereof, and such transferor
shall be restored as the owner of such Residual Certificate as
completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any
distributions made to such transferee with respect to the
Residual Certificate and return such recovery to the transferor,
and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of the Residual Certificate or such
agent (within 60 days of the request therefor by the transferor
or agent) such information necessary to the application of
section 860E(e) of the Code as may be required by the Code,
including but not limited to the present value of the total
anticipated excess inclusions with respect to the Residual
Certificate (or portion thereof) for periods after such transfer.
At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause the
REMIC established hereunder to fail to qualify as a REMIC at any
time that the Certificates are outstanding.
No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
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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 condition to any transfer of a
Restricted Certificate, either (i) the transferor and the
transferee shall complete the form of assignment attached to the
Certificate proposed to be transferred, or (ii) the Trustee shall
have received the above-referenced Opinion of Counsel. The holder
of any Restricted Certificate desiring to effect the transfer
thereof to a person other than a QIB shall, and hereby agrees to,
comply with any applicable conditions set forth in the preceding
two sentences and indemnify the Trustee and the Company against
any liability that may result if the transfer thereof is not so
exempt or is not made in accordance with such federal and state
laws. Such agreement to so indemnify the Trustee and the Company
shall survive the termination of this Agreement. Notwithstanding
the foregoing, no Opinion of Counsel or investment letter shall
be required upon the original issuance of (i) the Restricted
Junior Certificates to the Initial Purchaser (as defined in the
Private Placement Memorandum) or its nominee and (ii) the Class
PO Certificates to the Company or upon any subsequent transfer of
any Class PO Certificate by the Company, provided that if any
Restricted Junior Certificates are, at the request of the Initial
Purchaser, registered in the name of its nominee, the Initial
Purchaser shall be deemed to acknowledge and agree with the
Company and the Trustee that no transfer of a beneficial interest
in such Certificates will be made without registering such
Certificates in the name of the transferee, which shall be a
Person other than such nominee. Any opinion or letter required
pursuant to this paragraph shall not be at the expense of the
Trust Fund or the Trustee.
(c) (i) No transfer of an ERISA-Restricted Certificate
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (A) a certificate
(substantially in the form of Exhibit E or such other form as is
acceptable to the Company and the Trustee) from such transferee
to the effect that such transferee (i) is not a Plan or a Person
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that is using the assets of a Plan to acquire such
ERISA-Restricted Certificate or (ii) is an insurance company
investing assets of its general account and the exemptions
provided by Section III(a) of Department of Labor Prohibited
Transaction Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12,
1995) (the "Exemptions") apply to the transferee's acquisition
and holding of any ERISA-Restricted Certificate or (B) an opinion
of counsel satisfactory to the Trustee and the Company to the
effect that the purchase and holding of such a Certificate will
not constitute or result in the assets of the Trust Fund being
deemed to be "plan assets" subject to the prohibited transactions
provisions of ERISA or Section 4975 of the Code and will not
subject the Trustee or the Company to any obligation in addition
to those undertaken in the Agreement; provided, however, that the
Trustee will not require such certificate or opinion in the event
that, as a result of a change of law or otherwise, counsel
satisfactory to the Trustee has rendered an opinion to the effect
that the purchase and holding of an ERISA-Restricted Certificate
by a Plan or a Person that is purchasing or holding such a
Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975 of
the Code. The preparation and delivery of the certificate and
opinions referred to above shall not be an expense of the Trust
Fund, the Trustee or the Company. Notwithstanding the foregoing,
no opinion or certificate shall be required for the initial
issuance of the ERISA-Restricted Certificates.
(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
Exhibit F) from such transferee to the effect that, among other
things, such transferee is not a Plan or a Person that is using
the assets of a Plan to acquire any such Certificate. The
preparation and delivery of such certificate shall not be an
expense of the Trust Fund, the Trustee or the Company.
(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any
Class of Book-Entry Certificates held in physical certificated
form pursuant to Section 5.02(g) or any Restricted Junior
Certificate of any Class of Book-Entry Certificates that is
transferred to an entity other than a QIB, the Book-Entry
Certificates shall, subject to Section 5.02(f), at all times
remain registered in the name of the Depository or its nominee
and at all times: (i) registration thereof may not be
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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.
(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
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locate a qualified successor, (y) the Company at its option
advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (z) after the
occurrence of an Event of Default, Certificate Owners
representing not less than 51% of the aggregate Voting Rights
allocated to the Book-Entry Certificates together advise the
Trustee and the Depository through the Depository Participants in
writing that the continuation of a book-entry system through the
Depository is no longer in the best interests of the Certificate
Owners, the Trustee shall notify all Certificate Owners, through
the Depository, of the occurrence of any such event and of the
availability of Definitive Certificates to Certificate Owners
requesting the same. Upon surrender to the Trustee of such
Certificates by the Depository, accompanied by registration
instructions from the Depository for registration, the Trustee
shall issue the Definitive Certificates. Neither the Company nor
the Trustee shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected
in relying on, such instructions. Upon the issuance of Definitive
Certificates all references herein to obligations imposed upon or
to be performed by the Depository shall be deemed to be imposed
upon and performed by the Trustee, to the extent applicable with
respect to such Definitive Certificates and the Trustee shall
recognize the Holders of the Definitive Certificates as
Certificateholders hereunder.
(g) On or prior to the Closing Date, there shall be
delivered to the Depository (or to State Street Bank and Trust
Company acting as custodian for the Depository pursuant to the
Depository's procedures) one certificate for each Class of
Book-Entry Certificates registered in the name of the
Depository's nominee, Cede & Co. The face amount of each such
Certificate shall represent 100% of the initial Class Certificate
Principal Balance thereof, except for such amount that does not
constitute an acceptable denomination to the Depository. An
additional Certificate of each Class of Book-Entry Certificates
may be issued evidencing such remainder and, if so issued, will
be held in physical certificated form by the Holders thereof.
Each Certificate issued in book-entry form shall bear the
following legend:
"Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York
corporation ("DTC"), to Issuer or its agent for registration of
transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any payment
is made to Cede & Co. or to such other entity as is requested by
an authorized representative of DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has
an interest herein."
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Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
Certificate under this Section 5.03, the Trustee may require the
payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 shall
constitute complete and indefeasible evidence of ownership in the
Trust Fund, as if originally issued, whether or not the lost,
stolen or destroyed Certificate shall be found at any time.
Section 5.04. Persons Deemed Owners. Prior to due
presentation of a Certificate for registration of transfer, the
Company, the Trustee, the Certificate Registrar and any agent of
the Company, the Trustee or the Certificate Registrar may treat
the person in whose name any Certificate is registered as the
owner of such Certificate for the purpose of receiving
distributions pursuant to Section 4.01 and for all other purposes
whatsoever, and neither the Company, the Trustee, the Certificate
Registrar nor any agent of the Company, the Trustee or the
Certificate Registrar shall be affected by any notice to the
contrary.
Section 5.05. Access to List of Certificateholders'
Names and Addresses. The Certificate Registrar will furnish or
cause to be furnished to the Company, within 15 days after
receipt by the Certificate Registrar of request therefor from the
Company in writing, a list, in such form as the Company may
reasonably require, of the names and addresses of the
Certificateholders as of the most recent Record Date for payment
of distributions to Certificateholders. If three or more
Certificateholders (hereinafter referred to as "applicants")
apply in writing to the Trustee, and such application states that
the applicants desire to communicate with other
Certificateholders with respect to their rights under this
Agreement or under the Certificates and is accompanied by a copy
of the communication which such applicants propose to transmit,
then the Trustee shall, within five Business Days after the
receipt of such application, afford such applicants access during
normal business hours to the most recent list of
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Certificateholders held by the Trustee. If such list is as of a
date more than 90 days prior to the date of receipt of such
applicants' request, the Trustee shall promptly request from the
Certificate Registrar a current list as provided above, and shall
afford such applicants access to such list promptly upon receipt.
Every Certificateholder, by receiving and holding a Certificate,
agrees with the Certificate Registrar and the Trustee that
neither the Certificate Registrar nor the Trustee shall be held
accountable by reason of the disclosure of any such information
as to the names and addresses of the Certificateholders
hereunder, regardless of the source from which such information
was derived.
Section 5.06. Representation of Certain
Certificateholders. The fiduciary of any Plan which becomes a
Holder of a Certificate, by virtue of its acceptance of such
Certificate, will be deemed to have represented and warranted to
the Trustee and the Company that such Plan is an "accredited
investor" as defined in Rule 501(a)(1) of Regulation D
promulgated by the Securities and Exchange Commission under the
Securities Act of 1933.
Section 5.07. Determination of COFI. (a) If the
outstanding Certificates include any COFI Certificates, then on
each COFI Determination Date the Trustee shall determine the
value of COFI on the basis of the most recently available
Information Bulletin referred to in the definition of "COFI". The
establishment of COFI by the Trustee and the Trustee's subsequent
calculation of the rates of interest applicable to the COFI
Certificates for each Interest Accrual Period shall (in the
absence of manifest error) be final and binding. During each
Interest Accrual Period, the Certificate Interest Rate for the
COFI Certificates for the current and immediately preceding
Interest Accrual Period shall be made available by the Trustee to
Certificate Owners and Certificateholders at the following
telephone number: (617) 664-5500.
(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (i) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
designated, an alternative index to be selected by the Company
that has performed, or that the Company expects to perform, in a
manner substantially similar to COFI. At the time an alternative
index is first selected by the Company, the Company shall
determine the average number of basis points, if any, by which
the alternative index differed from COFI for such period as the
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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 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.
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(iii) If on any LIBOR Determination Date the Trustee is
required but unable to determine LIBOR in the manner
provided in subparagraph (ii) of this section 5.08(a),
LIBOR for the next Interest Accrual Period will be LIBOR as
determined on the previous LIBOR Determination Date, or, in
the case of the first LIBOR Determination Date, the Initial
LIBOR Rate.
(b) The establishment of LIBOR by the Trustee and the
Trustee's subsequent calculation of the Certificate Interest
Rates applicable to the LIBOR Certificates for the relevant
Interest Accrual Period, in the absence of manifest error, will
be final and binding.
(c) Within five Business Days of the Trustee's
calculation of the Certificate Interest Rates of the LIBOR
Certificates, the Trustee shall furnish to the Company by
telecopy (or by such other means as the Trustee and the Company
may agree from time to time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders
who inquire of it by telephone the Certificate Interest Rates of
the LIBOR Certificates for the current and immediately preceding
Interest Accrual Period.
(e) As used herein, "Reference Banks" shall mean no
more than four leading banks engaged in transactions in
Eurodollar deposits in the international Eurocurrency market (i)
with an established place of business in London, England, (ii)
whose quotations appear on the display designated "LIBO" on the
Reuters Monitor Money Rates Service (the "Reuters Screen LIBO
Page") on the applicable LIBOR Determination Date and (iii) which
have been designated as such by the Trustee and are able and
willing to provide such quotations to the Trustee on each LIBOR
Determination Date. The Reference Banks initially shall be:
Barclay's plc, Bank of Tokyo, National Westminster Bank and Trust
Company and Bankers Trust Company. If any of the initial
Reference Banks should be removed from the Reuters Screen LIBO
Page or in any other way fail to meet the qualifications of a
Reference Bank, or if such page is no longer published, the
Trustee, after consultation with the Company, shall use its best
efforts to designate alternate Reference Banks.
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.
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Section 6.02. Merger or Consolidation of, or
Assumption of the Obligations of, the Company. Any corporation
into which the Company may be merged or consolidated, or any
corporation resulting from any merger, conversion or
consolidation to which the Company shall be a party, or any
corporation succeeding to the business of the Company, or any
corporation, more than 50% of the voting stock of which is,
directly or indirectly, owned by General Electric Company, or any
limited partnership, the sole general partner of which is either
the Company or a corporation, more than 50% of the voting stock
of which is owned, directly or indirectly, by General Electric
Company, which executes an agreement of assumption to perform
every obligation of the Company hereunder, shall be the successor
of the Company hereunder, without the execution or filing of any
paper or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its
rights and delegate its duties and obligations as servicer under
this Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company
and Others. Neither the Company nor any of the directors or
officers or employees or agents of the Company shall be under any
liability to the Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
protect the Company or any such person against any liability
which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties of the Company or by reason of reckless disregard of
obligations and duties of the Company hereunder. The Company and
any director or officer or employee or agent of the Company may
rely in good faith on any document of any kind prima facie
properly executed and submitted by any Person respecting any
matters arising hereunder. The Company and any director or
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officer or employee or agent of the Company shall be indemnified
by the Trust Fund and held harmless against any loss, liability
or expense incurred in connection with any legal action relating
to this Agreement or the Certificates, other than any loss,
liability or expense related to any specific Mortgage Loan or
Mortgage Loans (except as any such loss, liability or expense
shall be otherwise reimbursable pursuant to this Agreement) and
any loss, liability or expense incurred by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties hereunder or by reason of reckless disregard of
obligations and duties hereunder. The Company shall be under no
obligation to appear in, prosecute or defend any legal action
which is not incidental to its duties to service the Mortgage
Loans in accordance with this Agreement and which in its opinion
may involve it in any expense or liability; provided, however,
that the Company may in its sole discretion undertake any such
action which it may deem necessary or desirable in respect of
this Agreement, and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder. In such
event, the legal expenses and costs of such action and any
liability resulting therefrom shall be expenses, costs and
liabilities of the Trust Fund and the Company shall be entitled
to be reimbursed therefor from amounts credited to the Mortgage
Loan Payment Record as provided by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to
the provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
ARTICLE VII
DEFAULT
Section 7.01. Events of Default. If any one of the
following events ("Events of Default") shall occur and be
continuing:
(i) Any failure by the Company to make any payment to
the Trustee of funds pursuant to Section 3.02(d) out of
which distributions to Certificateholders of any Class are
required to be made under the terms of the Certificates and
this Agreement which failure continues unremedied for a
period of three Business Days after the date upon which
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written notice of such failure shall have been given to the
Company by the Trustee or to the Company and the Trustee by
Holders of Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%; or
(ii) Failure on the part of the Company duly to observe
or perform in any material respect any other covenants or
agreements of the Company set forth in the Certificates or
in this Agreement, which covenants and agreements (A)
materially affect the rights of Certificateholders and (B)
continue unremedied for a period of 60 days after the date
on which written notice of such failure, requiring the same
to be remedied, shall have been given to the Company by the
Trustee, or to the Company and the Trustee by the Holders
of Certificates of each Class affected thereby evidencing,
as to each such Class, Percentage Interests aggregating not
less than 25%; or
(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in the
premises for the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar
proceedings of or relating to the Company, or for the
winding up or liquidation of the Company's affairs, and the
continuance of any such decree or order unstayed and in
effect for a period of 60 consecutive days; or
(iv) The consent by the Company to the appointment of a
conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshalling of assets and liabilities
or similar proceedings of or relating to the Company or of
or relating to substantially all of its property; or the
Company shall admit in writing its inability to pay its
debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization
statute, make an assignment for the benefit of its
creditors, or voluntarily suspend payment of its
obligations;
then, and in each and every such case, so long as an Event of
Default shall not have been remedied by the Company, either the
Trustee, or the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage Interests
aggregating not less than 51%, by notice then given in writing to
the Company (and to the Trustee if given by the
Certificateholders) may terminate all of the rights and
obligations of the Company as servicer under this Agreement. On
or after the receipt by the Company of such written notice, all
authority and power of the Company under this Agreement, whether
with respect to the Certificates or the Mortgage Loans or
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otherwise, shall pass to and be vested in the Trustee pursuant to
and under this Section 7.01; and, without limitation, the Trustee
is hereby authorized and empowered to execute and deliver, on
behalf of the Company, as attorney-in-fact or otherwise, any and
all documents and other instruments, and to do or accomplish all
other acts or things necessary or appropriate to effect the
purposes of such notice of termination, whether to complete the
transfer and endorsement of the Mortgage Loans and related
documents, or otherwise, including, without limitation, the
recordation of the assignments of the Mortgage Loans to it. The
Company agrees to cooperate with the Trustee in effecting the
termination of the responsibilities and rights of the Company
hereunder, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that
shall at the time be held by the Company and that have been or
should have been credited by it to the Mortgage Loan Payment
Record, or that have been deposited by the Company in the
Certificate Account or are thereafter received by the Company
with respect to the Mortgage Loans. In addition to any other
amounts which are then, or, notwithstanding the termination of
its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan, due during the period prior to the notice pursuant
to this Section 7.01 which terminates the obligation and rights
of the Company hereunder and received after such notice, that
portion of such payment which it would have been entitled to
retain pursuant to Section 3.04(vi) if such notice had not been
given.
Section 7.02. Trustee to Act; Appointment of
Successor. (a) On and after the time the Company receives a
notice of termination pursuant to Section 7.01, the Trustee shall
be the successor in all respects to the Company in its capacity
as servicer under this Agreement and the transactions set forth
or provided for herein and shall succeed to all the rights of and
be subject to all the responsibilities, duties and liabilities
relating thereto placed on the Company in its 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,
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the Trustee may, if it shall be unwilling so to act, or shall, if
it is legally unable so to act, appoint, or petition a court of
competent jurisdiction to appoint, any established housing and
home finance institution approved to service mortgage loans for
either FNMA or FHLMC, having a net worth of not less than
$10,000,000, as the successor to the Company hereunder in the
assumption of all or any part of the responsibilities, duties or
liabilities of the Company hereunder. Pending appointment of a
successor to the Company pursuant to this Article VII, unless the
Trustee is prohibited by law from so acting, the Trustee shall
act in such capacity as hereinabove provided. In connection with
such appointment and assumption, the Trustee may make such
arrangements for the compensation of such successor out of
payments on Mortgage Loans as it and such successor shall agree;
provided, however, that no such compensation shall be in excess
of that permitted the Company hereunder. The Trustee and such
successor shall take such action, consistent with this Agreement,
as shall be necessary to effectuate any such succession.
(b) Any successor, including the Trustee, to the
Company as servicer pursuant to this Article VII shall during the
term of its service as servicer maintain in force (i) a policy or
policies of insurance covering errors and omissions in the
performance of its obligations as servicer hereunder, and (ii) a
fidelity bond in respect of its officers, employees and agents to
the same extent as the Company is so required pursuant to Section
3.15.
Section 7.03. Notification to Certificateholders. Upon
any termination or appointment of a successor to the Company
pursuant to this Article VII, the Trustee shall give prompt
written notice thereof to Certificateholders at their respective
addresses appearing in the Certificate Register.
ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee. The Trustee, prior to
the occurrence of an Event of Default and after the curing of all
Events of Default which may have occurred, undertakes to perform
such duties and only such duties as are specifically set forth in
this Agreement. If an Event of Default has occurred (which has
not been cured), the Trustee shall exercise such of the rights
and powers vested in it by this Agreement, and use the same
degree of care and skill in their exercise, as a prudent person
would exercise or use under the circumstances in the conduct of
his or her own affairs.
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
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other instruments furnished to the Trustee which are specifically
required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they conform
to the requirements of this Agreement.
No provision of this Agreement shall be construed to
relieve the Trustee from liability for its own negligent action,
its own negligent failure to act or its own misconduct; provided,
however, that:
(i) Prior to the occurrence of an Event of Default,
and after the curing of all such Events of Default which
may have occurred, the duties and obligations of the
Trustee shall be determined solely by the express
provisions of this Agreement, the Trustee shall not be
liable except for the performance of such duties and
obligations as are specifically set forth in this
Agreement, no implied covenants or obligations shall be
read into this Agreement against the Trustee and, in the
absence of bad faith on the part of the Trustee, the
Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed
therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this
Agreement;
(ii) The Trustee shall not be personally liable for an
error of judgment made in good faith by a Responsible
Officer of the Trustee, unless it shall be proved that the
Trustee was negligent in performing its duties in
accordance with the terms of this Agreement;
(iii) The Trustee shall not be personally liable with
respect to any action taken, suffered or omitted to be
taken by it in good faith in accordance with the direction
of the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%, relating to the
time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or
power conferred upon the Trustee, under this Agreement; and
(iv) The Trustee shall not be charged with knowledge of
(A) any failure by the Company to comply with the
obligations of the Company referred to in clauses (i) and
(ii) of Section 7.01, (B) the rating downgrade referred to
in the definition of "Trigger Event" or (C) any failure by
the Company to comply with the obligations of the Company
to record the assignments of Mortgages referred to in
Section 2.01 unless a Responsible Officer of the Trustee at
the Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee receives
written notice of such failures, occurrence or downgrade
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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 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
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or use under the circumstances in the conduct of his or her
own affairs;
(iv) The Trustee shall not be personally liable for any
action taken, suffered or omitted by it in good faith and
believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Agreement;
(v) Prior to the occurrence of an Event of Default and
after the curing of all Events of Default which may have
occurred, the Trustee shall not be bound to make any
investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion,
report, notice, request, consent, order, approval, bond or
other paper or documents, unless requested in writing so to
do by Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%; provided, however,
that if the payment within a reasonable time to the Trustee
of the costs, expenses or liabilities likely to be incurred
by it in the making of such investigation is, in the
opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this
Agreement, the Trustee may require reasonable indemnity
against such cost, expense or liability as a condition to
such proceeding. The reasonable expense of every such
investigation shall be paid by the Company or, if paid by
the Trustee, shall be reimbursed by the Company upon
demand. Nothing in this clause (v) shall derogate from the
obligation of the Company to observe any applicable law
prohibiting disclosure of information regarding the
Mortgagors; and
(vi) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys or a
custodian.
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans. The recitals contained herein and in the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) or of any Mortgage Loan or
related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or
of the proceeds of such Certificates, or for the use or
application of any funds paid to the Company in respect of the
Mortgage Loans or deposited in or withdrawn from the Certificate
Account by the Company.
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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 the Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a corporation having
its principal office either in the State of New York or in the
same state as that in which the initial Trustee under this
Agreement has its principal office and organized and doing
business under the laws of such State or the United States of
America, authorized under such laws to exercise corporate trust
powers, having a combined capital and surplus of at least
$50,000,000 and subject to supervision or examination by federal
or state authority. If such corporation publishes reports of
condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section 8.06, the combined capital
and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent
report of condition so published. The Trustee shall not be an
affiliate of the Company. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee shall resign immediately in the manner
and with the effect specified in Section 8.07.
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Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Company.
Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a
successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee will
enable the Company to avoid (and should, based on the information
included in the notice referred to below, result in the avoidance
of) a downgrading of the ratings assigned to the Certificates by
the Rating Agencies (whether or not other actions could avoid
such downgrading) and no Event of Default, as provided by Section
7.01 hereof, shall have occurred or be continuing; provided,
however, that no action shall be taken pursuant to this clause
(iii) unless reasonable notice shall have been provided to the
Trustee, which notice shall set forth the basis for any rating
downgrade as contemplated by the Rating Agencies and shall also
indicate the manner in which such proposed action is intended to
avoid such downgrade. If it removes the Trustee under the
authority of the immediately preceding sentence, the Company
shall promptly appoint a successor trustee by written instrument,
in duplicate, one copy of which instrument shall be delivered to
the Trustee so removed and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
Section 8.08. Successor Trustee. Any successor
Trustee appointed as provided in Section 8.07 shall execute,
acknowledge and deliver to the Company and to its predecessor
Trustee an instrument accepting such appointment hereunder, and
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thereupon the resignation or removal of the predecessor Trustee
shall become effective and such successor Trustee, without any
further act, deed or conveyance, shall become fully vested with
all the rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such instruments and do such other things as
may reasonably be required for fully and certainly vesting and
confirming in the successor Trustee all such rights, powers,
duties and obligations.
No successor Trustee shall accept appointment as
provided in this Section 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of
Certificates at their addresses as shown in the Certificate
Register. If the Company fails to mail such notice within 10 days
after acceptance of appointment by the successor Trustee, the
successor Trustee shall cause such notice to be mailed at the
expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any
corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, without the
execution or filing of any paper or any further act on the part
of any of the parties hereto, anything herein to the contrary
notwithstanding.
Section 8.10. Appointment of Co-Trustee or Separate
Trustee. Notwithstanding any other provisions of this Agreement,
at any time, for the purpose of meeting any legal requirements of
any jurisdiction in which any part of the Trust Fund or property
securing any Mortgage Note may at the time be located, the
Company and the Trustee acting jointly shall have the power and
shall execute and deliver all instruments to appoint one or more
Persons approved by the Trustee to act as co-trustee or
co-trustees, jointly with the Trustee, of all or any part of the
Trust Fund, or separate trustee or separate trustees of any part
of the Trust Fund, and to vest in such Person or Persons, in such
capacity and for the benefit of the Certificateholders, such
title to the Trust Fund, or any part thereof, and, subject to the
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other provisions of this Section 8.10, such powers, duties,
obligations, rights and trusts as the Company and the Trustee may
consider necessary or desirable. If the Company shall not have
joined in such appointment within 15 days after the receipt by it
of a request so to do, or in case an Event of Default shall have
occurred and be continuing, the Trustee alone shall have the
power to make such appointment. No co-trustee or separate trustee
hereunder shall be required to meet the terms of eligibility as a
successor trustee under Section 8.06 and no notice to
Certificateholders of the appointment of any co-trustee or
separate trustee shall be required under Section 8.08.
Every separate trustee and co-trustee shall, to the
extent permitted by law, be appointed and act subject to the
following provisions and conditions:
(i) All rights, powers, duties and obligations
conferred or imposed upon the Trustee shall be conferred or
imposed upon and exercised or performed by the Trustee and
such separate trustee or co-trustee jointly (it being
understood that such separate trustee or co-trustee is not
authorized to act separately without the Trustee joining in
such act), except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be
performed (whether as Trustee hereunder or as successor to
the Company hereunder), the Trustee shall be incompetent or
unqualified to perform such act or acts, in which event
such rights, powers, duties and obligations (including the
holding of title to the Trust Fund or any portion thereof
in any such jurisdiction) shall be exercised and performed
singly by such separate trustee or co-trustee, but solely
at the direction of the Trustee;
(ii) No trustee hereunder shall be held personally
liable by reason of any act or omission of any other
trustee hereunder; and
(iii) The Company and the Trustee acting jointly may at
any time accept the resignation of or remove any separate
trustee or co-trustee.
Any notice, request or other writing given to the
Trustee shall be deemed to have been given to each of the then
separate trustees and co-trustees, as effectively as if given to
each of them. Every instrument appointing any separate trustee or
co-trustee shall refer to this Agreement and the conditions of
this Article VIII. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the
estates or property specified in its instrument of appointment,
either jointly with the Trustee or separately, as may be provided
therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating
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to the conduct of, affecting the liability of, or affording
protection to, the Trustee. Every such instrument shall be filed
with the Trustee and a copy thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent the Trust Fund from failing to qualify as a REMIC and to
prevent the imposition of a tax on the Trust Fund or the REMIC
established hereunder. The Trustee, upon request, will furnish
the Company with all such information within its possession as
may be reasonably required in connection with the preparation of
all tax returns of the Trust Fund and any Reserve Fund, and
shall, upon request, execute such returns.
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the
Company or Liquidation of All Mortgage Loans. Subject to Section
9.02, the respective obligations and responsibilities of the
Company and the Trustee created hereby (other than the obligation
of the Trustee to make certain payments to Certificateholders
after the final Distribution Date and the obligation of the
Trustee to send certain notices as hereinafter set forth) shall
terminate upon the last action required to be taken by the
Trustee on the final Distribution Date pursuant to this Article
IX following the earlier of (a) the repurchase by the Company of
all Mortgage Loans and all REO Mortgage Loans remaining in the
Trust Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than any REO
Mortgage Loans described in the following clause) plus accrued
and unpaid interest thereon at the applicable Remittance Rate
(less any amounts constituting previously unreimbursed Monthly
Advances) to the first day of the month in which such purchase
price is to be distributed to Certificateholders and (y) the
appraised value of any REO Mortgage Loan (less the good faith
estimate of the Company of Liquidation Expenses to be incurred in
connection with its disposal thereof), such appraisal to be
conducted by an appraiser mutually agreed upon by the Company and
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the Trustee, and (b) the later of the final payment or other
liquidation (or any Monthly Advance with respect thereto) of the
last Mortgage Loan remaining in the Trust Fund or the disposition
of all property acquired upon foreclosure or by deed in lieu of
foreclosure of any Mortgage Loan; provided, however, that in no
event shall the Trust Fund created hereby continue beyond the
expiration of 21 years from the death of the last survivor of the
descendants of Joseph P. Kennedy, the late ambassador of the
United States of America to the Court of St. James's, living on
the date of this Agreement. The right of the Company to
repurchase all Mortgage Loans pursuant to clause (a) above shall
be conditioned upon the aggregate of the Scheduled Principal
Balance of the Outstanding Mortgage Loans, at the time of any
such repurchase, aggregating less than 10 percent of the
aggregate of the Scheduled Principal Balance of the Mortgage
Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
Certificates to the Trustee for payment of the final distribution
and cancellation, shall be given promptly by the Trustee by
letter to Certificateholders mailed not earlier than the 15th day
and not later than the 25th day of the month next preceding the
month of such final distribution specifying (A) the Distribution
Date upon which final payment of the Certificates will be made
upon presentation and surrender of the Certificates at the office
of the Trustee therein designated, (B) the amount of any such
final payment and (C) that the Record Date otherwise applicable
to such Distribution Date is not applicable, payments being made
only upon presentation and surrender of the Certificates at the
office of the Trustee therein specified. The Trustee shall give
such notice to the Certificate Registrar at the time such notice
is given to Certificateholders. In the event such notice is given
in connection with the exercise by the Company of its right of
repurchase, the Company shall deposit in the Certificate Account
not later than 11:00 a.m. on the Business Day prior to the final
Distribution Date in next-day funds an amount equal to the price
described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the Certificate Account in
accordance with the applicable priorities provided by Section
4.01. Distributions on each Certificate shall be made on the
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final Distribution Date in the manner specified in Section 4.02
but only upon presentation and surrender of the Certificates.
In the event that all of the Certificateholders shall
not surrender their Certificates for cancellation within six
months after the date specified in the above-mentioned written
notice, the Trustee shall give a second written notice to the
remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect
thereto. If within one year after the second notice all the
Certificates shall not have been surrendered for cancellation,
the Trustee may take appropriate steps, or may appoint an agent
to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates,
and the cost thereof shall be paid out of the funds and other
assets which remain subject hereto.
Section 9.02. Additional Termination Requirements. (a)
In the event the Company exercises its purchase option as
provided in Section 9.01, the Trust Fund and the REMIC
established hereunder shall be terminated in accordance with the
following additional requirements, unless the Trustee has been
supplied with an Opinion of Counsel to the effect that the
failure to comply with the requirements of this Section 9.02 will
not (i) result in the imposition of taxes on "prohibited
transactions" of such REMIC as defined in section 860F of the
Code, or (ii) cause the Trust Fund to fail to qualify as a REMIC
at any time that any Certificates are outstanding:
(i) Within 90 days prior to the final Distribution
Date set forth in the notice given by the Trustee under
Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
such REMIC within the meaning of section 860F(a)(4)(A)(i)
of the Code, which shall be evidenced by such notice; and
(ii) Within 90 days after the time of adoption of such
a plan of complete liquidation, the Trustee shall sell all
of the assets of the Trust Fund to the Company for cash in
accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates,
the Holders thereof hereby authorize the Trustee to adopt such a
plan of complete liquidation which authorization shall be binding
on all successor Holders of the Residual Certificates.
(c) On the final federal income tax return for the
REMIC established hereunder, the Trustee will attach a statement
specifying the date of the adoption of the plan of liquidation.
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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 the
Trust Fund as a REMIC under the Code or to avoid or minimize the
risk of the imposition of any tax on the Trust Fund pursuant to
the Code that would be a claim against the Trust Fund at any time
prior to the final redemption of the Certificates, provided that
the Trustee has obtained an opinion of independent counsel (which
opinion also shall be addressed to the Company) to the effect
that such action is necessary or appropriate to maintain such
qualification or to avoid or minimize the risk of the imposition
of such a tax.
This Agreement may also be amended from time to time
by the Company and the Trustee with the consent of Holders of
Certificates evidencing (i) not less than 66% of the Voting
Rights of all the Certificates or (ii) Percentage Interests
aggregating not less than 66% of each Class affected by such
amendment, for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of
this Agreement, or of modifying in any manner the rights of the
Holders of Certificates; provided, however, that no such
amendment shall (a) reduce in any manner the amount of, or delay
the timing of, collections of payments on the Mortgage Loans or
distributions which are required to be made on any Certificate
without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the
Holders of any Class of Certificates in any manner other than as
described in (a), without the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less
than 66% of such Class, or (c) reduce the aforesaid percentages
of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates
of such Class then outstanding. For purposes of this paragraph,
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references to "Holder" or "Holders" shall be deemed to include,
in the case of any Class of Book-Entry Certificates, the related
Certificate Owners.
Notwithstanding any contrary provision of this
Agreement, the Trustee shall not consent to any amendment to this
Agreement unless it shall have first received an Opinion of
Counsel to the effect that such amendment will not subject the
Trust Fund to tax or cause the Trust Fund to fail to qualify as a
REMIC at any time that any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders
shall be subject to such reasonable requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. This
Agreement is subject to recordation in all appropriate public
offices for real property records in all the counties or other
comparable jurisdictions in which any or all of the properties
subject to the Mortgages are situated, and in any other
appropriate public recording office or elsewhere, such
recordation to be effected by the Company and at its expense on
direction by the Trustee, but only upon direction of the Trustee
accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of
Certificateholders.
For the purpose of facilitating the recordation of
this Agreement as herein provided and for other purposes, this
Agreement may be executed simultaneously in any number of
counterparts, each of which counterparts shall be deemed to be an
original, and such counterparts shall constitute but one and the
same instrument.
Section 10.03. Limitation on Rights of
Certificateholders. The death or incapacity of any
Certificateholder shall not operate to terminate this Agreement
or the Trust Fund, nor entitle such Certificateholder's legal
representatives or heirs to claim an accounting or to take any
action or commence any proceeding in any court for a partition or
winding up of the Trust Fund, nor otherwise affect the rights,
obligations and liabilities of the parties hereto or any of them.
118
<PAGE>
No Certificateholder shall have any right to vote
(except as provided in Section 10.01) or in any manner otherwise
control the operation and management of the Trust Fund, or the
obligations of the parties hereto, nor shall anything herein set
forth, or contained in the terms of the Certificates, be
construed so as to constitute the Certificateholders from time to
time as partners or members of an association; nor shall any
Certificateholder be under any liability to any third person by
reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or
by availing itself of any provisions of this Agreement to
institute any suit, action or proceeding in equity or at law upon
or under or with respect to this Agreement, unless such Holder
previously shall have given to the Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided,
and unless also the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25% shall have made written
request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for 60 days after
its receipt of such notice, request and offer of indemnity, shall
have neglected or refused to institute any such action, suit or
proceeding; it being understood and intended, and being expressly
covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of the Certificates, or to obtain or seek to
obtain priority over or preference to any other such Holder, or
to enforce any right under this Agreement, except in the manner
herein provided and for the equal, ratable and common benefit of
all Certificateholders. For the protection and enforcement of the
provisions of this Section 10.03, each and every
Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
119
<PAGE>
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 225 Franklin Street,
Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch
IBCA, Inc., One State Street Plaza, New York, New York 10004,
Attention: Structured Finance Surveillance, and (d) in the case
of S&P, Standard and Poor's Ratings Services, 26 Broadway, 16th
Floor, New York, New York 10007, Attention: Mortgage-Backed
Securities, or, as to each such Person, at such other address as
shall be designated by such Person in a written notice to each
other named Person. Any notice required or permitted to be mailed
to a Certificateholder shall be given by first class mail,
postage prepaid, at the address of such Holder as shown in the
Certificate Register. Any notice so mailed within the time
prescribed in this Agreement shall be conclusively presumed to
have been duly given, whether or not the Certificateholder
receives such notice.
Section 10.06. Notices to the Rating Agencies. The
Company shall deliver written notice of the following events to
each Rating Agency promptly following the occurrence thereof:
material amendment to this Agreement; any Event of Default; any
Trigger Event; change in or termination of the Trustee; removal
of the Company or any successor servicer as servicer; repurchase
or replacement of any Defective Mortgage Loan pursuant to Section
2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
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.
120
<PAGE>
Section 10.08. Certificates Nonassessable and Fully
Paid. It is the intention of the Trustee that Certificateholders
shall not be personally liable for obligations of the Trust Fund,
that the beneficial ownership interests represented by the
Certificates shall be nonassessable for any losses or expenses of
the Trust Fund or for any reason whatsoever, and that
Certificates upon execution, countersignature and delivery
thereof by the Trustee are and shall be deemed fully paid.
* * *
<PAGE>
IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE
SERVICES, INC.
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:_______________________________
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:_______________________________
Name:
Title:
[SEAL]
Attest:
By:_______________________________
Name:
Title:
<PAGE>
State of New Jersey )
) ss.:
County of Camden )
On the day of February, 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 February, 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 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A1 Certificate
Principal Balance:
Class A1 $108,021,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REF8
March 25, 1998
2
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
3
<PAGE>
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 1998-4, issued in sixteen Classes (Class A1,
Class A2, Class A3, Class A4, Class A5, Class A6, Class A7, Class
A8, Class R, Class M, Class B1, Class B2, Class B3, Class B4,
Class B5 and Class PO, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
4
<PAGE>
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
5
<PAGE>
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
6
<PAGE>
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
7
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:______________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
8
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:--------------------
- ------------------------------------
Signature by or on behalf of assignor
- --------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
9
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
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 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A2 Certificate
Principal Balance:
Class A2 $81,654,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REG6
March 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 A2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A3 Certificate
Principal Balance:
Class A3 $21,714,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REH4
March 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 A3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
15
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
16
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A4 Certificate
Principal Balance:
Class A4 $4,653,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REJ0
March 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 A4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998(the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A5 Certificate
Principal Balance:
Class A5 $168,552,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REK7
March 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 A5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class A6 Certificate
Principal Balance:
Class A6 $98,853,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REL5
March 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 A6 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998(the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-4
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 A7 Certificate
Principal Balance:
Class A7 $32,951,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REM3
March 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 A7 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998(the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-4
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 A8 Certificate
Principal Balance:
Class A8 $60,141,355.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REN1
March 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 A8 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
30
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
31
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class M Certificate
Principal Balance:
Class M $11,127,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REQ4
March 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 M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
33
<PAGE>
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 1998-4, issued in sixteen Classes (Class A1,
Class A2, Class A3, Class A4, Class A5, Class A6, Class A7, Class
A8, Class R, Class M, Class B1, Class B2, Class B3, Class B4,
Class B5 and Class PO, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
34
<PAGE>
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
35
<PAGE>
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
36
<PAGE>
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
37
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
38
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-------------------
- -------------------------------------
Signature by or on behalf of assignor
- ------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
39
<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.
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.
40
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B1 Certificate
Principal Balance:
Class B1 $5,413,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157RER2
March 25, 1998
41
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
42
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
43
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B2 Certificate
Principal Balance:
Class B2 $2,706,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157RES0
March 25, 1998
44
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
45
<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).
46
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B3 Certificate
Principal Balance:
Class B3 $2,406,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157RET8
March 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 B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
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 1998-4, issued in sixteen Classes (Class A1,
Class A2, Class A3, Class A4, Class A5, Class A6, Class A7, Class
A8, Class R, Class M, Class B1, Class B2, Class B3, Class B4,
Class B5 and Class PO, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable
48
<PAGE>
under this Certificate or the Agreement or, except as expressly
provided in the Agreement, subject to any liability under the
Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
49
<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 R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10
50
<PAGE>
percent of the Pool Scheduled Principal Balance as of the Cut-off
Date. The Company's exercise of such right will result in early
retirement of the Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
51
<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:__________________
52
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s) and
transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:--------------------
- -------------------------------------
Signature by or on behalf of assignor
- --------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
53
<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
54
<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)
55
<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).
56
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B4 Certificate
Principal Balance:
Class B4 $1,202,800.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REU5
March 25, 1998
57
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
58
<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).
59
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class B5 Certificate
Principal Balance:
Class B5 $1,803,179.84
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REV3
March 25, 1998
60
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
61
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE,
BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR BOOK-
ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS
PERSON" OF THE REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS
PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F
OF THE CODE, WITH RESPECT TO THE TRUST FUND.
62
<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 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class R Certificate
Principal Balance:
Class R $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1998
First Distribution Date: CUSIP: 36157REP6
March 25, 1998
63
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class R Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998(the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
64
<PAGE>
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 1998-4, issued in sixteen Classes (Class A1,
Class A2, Class A3, Class A4, Class A5, Class A6, Class A7, Class
A8, Class R, Class M, Class B1, Class B2, Class B3, Class B4,
Class B5 and Class PO, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
56
<PAGE>
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
66
<PAGE>
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
67
<PAGE>
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
68
<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:__________________
69
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:-------------------
- -------------------------------------
Signature by or on behalf of assignor
- -------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust
company or broker of the signatory who is a member of a
signature guarantee medallion program.
70
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "SECURITIES ACT"). ANY RESALE OR
TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER
THE SECURITIES ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPT FROM
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
ACCORDANCE WITH SECTION 5.02 OF THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
71
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-4
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class PO Certificate
Principal Balance:
Class PO $216,687.84
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
February 1, 1998
First Distribution Date:
March 25, 1998
72
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class PO Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
73
<PAGE>
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 1998-4, issued in sixteen Classes (Class A1,
Class A2, Class A3, Class A4, Class A5, Class A6, Class A7, Class
A8, Class R, Class M, Class B1, Class B2, Class B3, Class B4,
Class B5 and Class PO, herein called the "Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
resulting from defaults by Mortgagors will be borne by the
Holders of the Class M, Class B1, Class B2, Class B3, Class B4
and Class B5 Certificates before such losses will be borne by the
Holders of the other Classes of the Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
74
<PAGE>
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Class
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the
"Exemption") applies to such transferee's acquisition and holding
of such Certificate, or (ii) an opinion of counsel satisfactory
to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in the
assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5
Certificate by a Plan or a Person that is purchasing or holding
such Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
75
<PAGE>
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
76
<PAGE>
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
77
<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:__________________
78
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:--------------------
- -------------------------------------
Signature by or on behalf of assignor
- --------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
79
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
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 TAC Certificates set forth on the cover hereof and
a constant prepayment rate of 100% of the 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 TAC Balances Table will be calculated on or
about the Closing Date on the basis of such revised Class
Certificate Principal Balance and on the basis of (1) the actual
characteristics of the Mortgage Loans included in the Mortgage
Pool, and (2) the assumptions set forth in clauses (i), (iv)
through (viii), (x) and (xi) of the Modeling Assumptions. The
final TAC Balances Table will be set forth in the Agreement,
which will be filed as an exhibit to the Detailed Description.
TAC Balances
--------------
Distribution Date Class A2
- -------------------------------------------- --------------
Initial Balance............................. 81,654,000.00
March 1998.................................. 81,476,518.63
April 1998.................................. 81,270,133.14
May 1998.................................... 81,034,917.50
June 1998................................... 80,770,932.45
July 1998................................... 80,478,253.63
August 1998................................. 80,156,971.56
September 1998.............................. 79,807,191.60
October 1998................................ 79,429,033.93
November 1998............................... 79,022,633.50
December 1998............................... 78,588,139.98
January 1999................................ 78,125,717.64
February 1999............................... 77,635,545.33
March 1999.................................. 77,117,816.32
April 1999.................................. 76,572,738.23
May 1999.................................... 76,000,532.86
June 1999................................... 75,401,436.11
July 1999................................... 74,775,697.80
August 1999................................. 74,123,581.47
September 1999.............................. 73,445,364.28
October 1999................................ 72,741,336.79
November 1999............................... 72,011,802.72
December 1999............................... 71,257,078.81
January 2000................................ 70,477,494.57
February 2000............................... 69,673,392.02
March 2000.................................. 68,845,125.50
April 2000.................................. 67,993,061.36
May 2000.................................... 67,117,577.73
June 2000................................... 66,219,064.26
July 2000................................... 65,298,502.59
August 2000................................. 64,382,590.70
September 2000.............................. 63,471,304.93
October 2000................................ 62,564,621.77
November 2000............................... 61,662,517.82
December 2000............................... 60,764,969.79
January 2001................................ 59,871,954.55
February 2001............................... 58,983,449.06
March 2001.................................. 58,099,430.40
April 2001.................................. 57,219,875.79
May 2001.................................... 56,344,762.57
June 2001................................... 55,474,068.17
July 2001................................... 54,607,770.17
August 2001................................. 53,745,846.26
September 2001.............................. 52,888,274.24
October 2001................................ 52,035,032.02
November 2001............................... 51,186,097.66
December 2001............................... 50,341,449.30
January 2002................................ 49,501,065.21
February 2002............................... 48,664,923.77
March 2002.................................. 47,833,003.48
<PAGE>
TAC Balances
--------------
Distribution Date Class A2
- -------------------------------------------- --------------
April 2002.................................. 47,005,282.96
May 2002.................................... 46,181,740.92
June 2002................................... 45,362,356.20
July 2002................................... 44,547,107.75
August 2002................................. 43,735,974.64
September 2002.............................. 42,928,936.02
October 2002................................ 42,125,971.18
November 2002............................... 41,327,059.51
December 2002............................... 40,532,180.51
January 2003................................ 39,741,313.79
February 2003............................... 38,954,439.05
March 2003.................................. 38,228,037.71
April 2003.................................. 37,505,569.25
May 2003.................................... 36,787,013.94
June 2003................................... 36,072,352.17
July 2003................................... 35,361,564.43
August 2003................................. 34,654,631.29
September 2003.............................. 33,951,533.48
October 2003................................ 33,252,251.77
November 2003............................... 32,556,767.08
December 2003............................... 31,865,060.40
January 2004................................ 31,177,112.86
February 2004............................... 30,492,905.65
March 2004.................................. 29,824,210.99
April 2004.................................. 29,159,145.97
May 2004.................................... 28,497,692.10
June 2004................................... 27,839,831.00
July 2004................................... 27,185,544.37
August 2004................................. 26,534,814.01
September 2004.............................. 25,887,621.83
October 2004................................ 25,243,949.82
November 2004............................... 24,603,780.08
December 2004............................... 23,967,094.79
January 2005................................ 23,333,876.24
February 2005............................... 22,704,106.81
March 2005.................................. 22,100,121.85
April 2005.................................. 21,499,370.72
May 2005.................................... 20,901,836.45
June 2005................................... 20,307,502.15
July 2005................................... 19,716,351.03
August 2005................................. 19,128,366.40
September 2005.............................. 18,543,531.64
October 2005................................ 17,961,830.23
November 2005............................... 17,383,245.73
December 2005............................... 16,807,761.79
January 2006................................ 16,235,362.14
February 2006............................... 15,666,030.61
March 2006.................................. 15,120,531.75
April 2006.................................. 14,577,852.88
May 2006.................................... 14,037,979.02
June 2006................................... 13,500,895.27
July 2006................................... 12,966,586.83
August 2006................................. 12,435,038.93
September 2006.............................. 11,906,236.94
October 2006................................ 11,380,166.25
November 2006............................... 10,856,812.36
December 2006............................... 10,336,160.84
January 2007................................ 9,818,197.34
February 2007............................... 9,302,907.57
March 2007.................................. 8,809,314.67
April 2007.................................. 8,318,126.22
May 2007.................................... 7,829,329.70
June 2007................................... 7,342,912.65
July 2007................................... 6,858,862.68
August 2007................................. 6,377,167.48
<PAGE>
TAC Balances
--------------
Distribution Date Class A2
- -------------------------------------------- --------------
September 2007.............................. 5,897,814.77
October 2007................................ 5,420,792.35
November 2007............................... 4,946,088.10
December 2007............................... 4,473,689.93
January 2008................................ 4,003,585.84
February 2008............................... 3,535,763.86
March 2008.................................. 3,070,212.12
April 2008.................................. 2,606,918.79
May 2008.................................... 2,145,872.09
June 2008................................... 1,687,060.31
July 2008................................... 1,230,471.82
August 2008................................. 776,095.02
September 2008.............................. 323,918.38
October 2008................................ 0.00
<PAGE>
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan
number, address of the Mortgaged Property and name of the
Mortgagor. The following details shall be set forth as to each
Mortgage Loan: (i) the principal balance at the time of its
origination, (ii) the Scheduled Principal Balance as of the
Cut-off Date, (iii) the interest rate borne by the Mortgage Note,
(iv) the scheduled monthly level payment of principal and
interest, (v) the loan-to-value ratio, (vi) the maturity date of
the Mortgage Note and (vii) the Base Servicing Fee Rate for such
Mortgage Loan. Cooperative Loans shall be designated as such.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0004281788 MORTGAGORS: DE FILIPPIS RALPH
REGION CODE ADDRESS : 728 EVERGREEN PARKWAY
04 CITY : UNION TOWNSHIP
STATE/ZIP : NJ 07083
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,058.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,019.99 OUTSIDE CONV DATE :
LIFETIME RATE : 9.62500 MATURITY DATE : 02/01/21
CURRENT INT RATE: 9.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007657828 MORTGAGORS: HONEYCUTT ROBERT
REGION CODE ADDRESS : 612 ELIZABETH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 497,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,296.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,560.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.73684
----------------------------------------------------------------
0 0030502819 MORTGAGORS: BRAGG GILBERT
BRAGG GLENDA
REGION CODE ADDRESS : 3709 GREEN TRAILS SOUTH
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,601.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.85000
----------------------------------------------------------------
0 0030607964 MORTGAGORS: OLIVER DONALD
OLIVER ROBIN
REGION CODE ADDRESS : 14 PINE TREE ROAD
01 CITY : SOUTHAMPTON
STATE/ZIP : NY 11968
MORTGAGE AMOUNT : 114,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 114,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 778.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.57700
----------------------------------------------------------------
0 0030767438 MORTGAGORS: IDTENSOHN RICHARD
RODMAN-IDTENSOHN SUSAN
REGION CODE ADDRESS : 8 SOUTH STREET
01 CITY : TITUSVILLE
STATE/ZIP : FL 32780
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,795.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.52600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,288,900.00
P & I AMT: 9,313.67
UPB AMT: 1,280,851.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030768071 MORTGAGORS: HARTWELL LARRY
JOHNSON-HARTWEL LOUISE
REGION CODE ADDRESS : 15308 JOHNSTONE LANE
01 CITY : BOWIE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,811.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0030771737 MORTGAGORS: WEIR BARBARA
REGION CODE ADDRESS : 47 BUSH CABIN COURT
01 CITY : PARKTON
STATE/ZIP : MD 21120
MORTGAGE AMOUNT : 269,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,798.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030835508 MORTGAGORS: GREENE JOHN
DAVIS SHANNON
REGION CODE ADDRESS : LOT 169 BARONNE COURT
01 CITY : GREER
STATE/ZIP : SC 29650
MORTGAGE AMOUNT : 401,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,045.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,911.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.52475
----------------------------------------------------------------
0 0030840490 MORTGAGORS: FOSTER CHESTER
FOSTER PATRICIA
REGION CODE ADDRESS : 3825 WEST 192ND STREET
01 CITY : HOMEWOOD
STATE/ZIP : IL 60430
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.59300
----------------------------------------------------------------
0 0030873277 MORTGAGORS: GASPAROVICH MICHAEL
REGION CODE ADDRESS : 42 QUAIL HOLLOW DRIVE
01 CITY : SEWELL
STATE/ZIP : NJ 08080
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,340.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,350.00
P & I AMT: 10,132.59
UPB AMT: 1,417,995.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030880801 MORTGAGORS: HURST HARRY
HURST MARSHA
REGION CODE ADDRESS : 111 LADDERBACK LANE
01 CITY : DEVON
STATE/ZIP : PA 19333
MORTGAGE AMOUNT : 371,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,506.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030883078 MORTGAGORS: MARTINEZ JAIME
RAMOS LUIS
REGION CODE ADDRESS : 335 W. EVERGREEN AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60610
MORTGAGE AMOUNT : 352,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0030893671 MORTGAGORS: FLOYD THOMAS
FLOYD KAY
REGION CODE ADDRESS : 8532 TOURNAMENT DRIVE
01 CITY : MEMPHIS
STATE/ZIP : TN 38125
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,878.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.16400
----------------------------------------------------------------
0 0030900823 MORTGAGORS: BERRY ROBERT
BERRY LINDA
REGION CODE ADDRESS : 405 AVALON LANE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 232,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,100.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.99200
----------------------------------------------------------------
0 0030901086 MORTGAGORS: MOSELEY JAMES
MOSELEY NANCY
REGION CODE ADDRESS : 10040 ISLAND FOG COURT
01 CITY : BRISTOW
STATE/ZIP : VA 20136
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,820.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,569.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.20100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,400.00
P & I AMT: 10,874.06
UPB AMT: 1,531,805.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030911978 MORTGAGORS: NARDONE ERNESTO
MONACO CARMELA
REGION CODE ADDRESS : 9 JASMINE LANE MEADOW RIDGE LANE
01 CITY : WILLISTON
STATE/ZIP : VT 05495
MORTGAGE AMOUNT : 367,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,092.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,665.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030917413 MORTGAGORS: GOLDSTEIN DAVID
REGION CODE ADDRESS : 3448 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 310,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,163.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030937585 MORTGAGORS: COX DAVID
COX MARGARET
REGION CODE ADDRESS : 33 SUNSET ROAD
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,424.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,380.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0030940258 MORTGAGORS: WRITER SUSAN
WRITER DEXTER
REGION CODE ADDRESS : 4837 W 73RD AVE
01 CITY : WESTMINSTER
STATE/ZIP : CO 80030
MORTGAGE AMOUNT : 100,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,407.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 757.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.37000
----------------------------------------------------------------
0 0030952600 MORTGAGORS: RYAN THOMAS
RYAN KATHLEEN
REGION CODE ADDRESS : 16 LOUNSBERY DRIVE
01 CITY : BALDWIN PLACE
STATE/ZIP : NY 10505
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,240.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.28571
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,603,800.00
P & I AMT: 11,698.82
UPB AMT: 1,601,328.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030955348 MORTGAGORS: GALLAGHER DEREK
GALLAGHER DIANA
REGION CODE ADDRESS : 6501 SPARTINA CIRCLE
01 CITY : JUPITER
STATE/ZIP : FL 33458
MORTGAGE AMOUNT : 289,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,205.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
0 0030955702 MORTGAGORS: MILLER GEORGE
MILLER PAULA JO
REGION CODE ADDRESS : 2140 O'BRIEN PLACE
01 CITY : FORT MITCHELL
STATE/ZIP : KY 41017
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,144.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,534.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030958144 MORTGAGORS: FITZGERALD JAMES
FITZGERALD IDA
REGION CODE ADDRESS : 52 RED GATE LANE
01 CITY : READING
STATE/ZIP : MA 01867
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,771.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030958391 MORTGAGORS: LASHWAY LORI
BACKMAN ADAM
REGION CODE ADDRESS : 9 APPLETREE GREEN UNIT 8
01 CITY : NASHUA
STATE/ZIP : NH 03062
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,199.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030960926 MORTGAGORS: HUGHEY THOMAS
HUGHEY CHERYL
REGION CODE ADDRESS : 37 DANVERS LANE
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 538,193.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,868.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,928,900.00
P & I AMT: 13,936.25
UPB AMT: 1,924,514.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030966121 MORTGAGORS: HOROWITZ JACOB
HOROWITZ CHANSIE
REGION CODE ADDRESS : 1109 DOUGHTY BLVD
01 CITY : LAWRENCE
STATE/ZIP : NY 11559
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,320.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030967400 MORTGAGORS: NIDO ROMEO
NIDO CAROLINA
REGION CODE ADDRESS : 12750 ALDER WOODS DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 307,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,374.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.14296
----------------------------------------------------------------
0 0030972327 MORTGAGORS: VAN JERRY
REGION CODE ADDRESS : 4568 BOCAIRE BLVD
01 CITY : BOCA RATON
STATE/ZIP : FL 33487
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,229.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.89308
----------------------------------------------------------------
0 0030973002 MORTGAGORS: WIZNITZER STEPHEN
WIZNITZER JANE
REGION CODE ADDRESS : 134 LYNAM ROAD
01 CITY : STAMFORD
STATE/ZIP : CT 06903
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 36.45800
----------------------------------------------------------------
0 0030973507 MORTGAGORS: LAUTIN JEFFREY
LAUTIN JACQUELINE
REGION CODE ADDRESS : 299 WEST 12TH ST. #16D
01 CITY : NEW YORK
STATE/ZIP : NY 10014
MORTGAGE AMOUNT : 499,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,610.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,404.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,792,750.00
P & I AMT: 12,568.07
UPB AMT: 1,789,348.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030973689 MORTGAGORS: CAMMON KEVIN
CAMMON SHARI
REGION CODE ADDRESS : 5144 LOVERING DRIVE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 234,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,362.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.85700
----------------------------------------------------------------
0 0030973770 MORTGAGORS: JENNINGS JOHN
JENNINGS RENEE
REGION CODE ADDRESS : 1124 FIRESIDE TRAIL
01 CITY : BROADVIEW HEIGHTS
STATE/ZIP : OH 44147
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.82900
----------------------------------------------------------------
0 0030975742 MORTGAGORS: MURPHY PETER
MURPHY BETTYANN
REGION CODE ADDRESS : 6 CANAAN CLOSE
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 300,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,452.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,178.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.71900
----------------------------------------------------------------
0 0030976963 MORTGAGORS: HERTZ BARRY
HERTZ BARBARA
REGION CODE ADDRESS : 13002 SHANEYBROOK CIRCLE
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,780.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.52100
----------------------------------------------------------------
0 0030980312 MORTGAGORS: WILKINSON STEVEN
WILKINSON KARI
REGION CODE ADDRESS : 26069 BALDWIN PLACE
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,855.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,250.00
P & I AMT: 9,343.85
UPB AMT: 1,329,253.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030984546 MORTGAGORS: REILLY MICHAEL
REGION CODE ADDRESS : 304 MOUNTAIRE PKWY
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,526.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,521.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.88100
----------------------------------------------------------------
0 0030985436 MORTGAGORS: CHAN CHAK
CHAN CALINA
REGION CODE ADDRESS : 14 SCHINDLER WAY
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
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 : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.62796
----------------------------------------------------------------
0 0030987473 MORTGAGORS: MIMLITSCH JAMES
MIMLITSCH MARY
REGION CODE ADDRESS : 6590 STONEHILL DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,628.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.72800
----------------------------------------------------------------
0 0030988224 MORTGAGORS: SPLETTER RICHARD
SPLETTER KATHY
REGION CODE ADDRESS : 212 JAMES DRIVE
01 CITY : HEATH
STATE/ZIP : TX 75087
MORTGAGE AMOUNT : 259,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,196.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.98600
----------------------------------------------------------------
0 0030991236 MORTGAGORS: HARRISON ROBERT
REGION CODE ADDRESS : 69 PARK AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,591.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,011.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,900.00
P & I AMT: 11,043.09
UPB AMT: 1,548,943.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030999742 MORTGAGORS: SIMAS JOE
SIMAS KAREN
REGION CODE ADDRESS : 2128 TYSONS EXECUTIVE COURT
01 CITY : DUNN LORING
STATE/ZIP : VA 22027
MORTGAGE AMOUNT : 322,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,192.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99255
----------------------------------------------------------------
0 0031000508 MORTGAGORS: DOLAN JOHN
DOLAN DOREN
REGION CODE ADDRESS : 3 OLD CHESTER RD
01 CITY : PEAPACK
STATE/ZIP : NJ 07934
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,495.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.17857
----------------------------------------------------------------
0 0031002728 MORTGAGORS: TRANEN JEFFREY
TRANEN JANE
REGION CODE ADDRESS : 5604 CALLE PALOMA COURT
01 CITY : LOOMIS
STATE/ZIP : CA 95650
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,821.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,763.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.81000
----------------------------------------------------------------
0 0031005499 MORTGAGORS: PAPE FRANK
PAPE TIFFANY
REGION CODE ADDRESS : 2143 WILBANKS CIRCLE
01 CITY : HENDERSON
STATE/ZIP : NV 89012
MORTGAGE AMOUNT : 311,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,685.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,261.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.39000
----------------------------------------------------------------
0 0031019672 MORTGAGORS: HEMENWAY JEFFREY
REGION CODE ADDRESS : 13955 48TH AVENUE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,480.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,643,400.00
P & I AMT: 11,591.51
UPB AMT: 1,640,674.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031020076 MORTGAGORS: JUGAR MARK
JUGAR DONNA
REGION CODE ADDRESS : 633 SERRANO LANE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 231,990.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,817.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.54900
----------------------------------------------------------------
0 0031024458 MORTGAGORS: RAGAN ROD
RAGAN SUSAN
REGION CODE ADDRESS : 95 GAIL CIRCLE
01 CITY : WYOMISSING
STATE/ZIP : PA 19610
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,320.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,438.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031029663 MORTGAGORS: DEE DANIEL
DEE JILL
REGION CODE ADDRESS : 4747 TURKEY TRAIL DR
01 CITY : COLUMBIA
STATE/ZIP : MO 65201
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,381.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.72000
----------------------------------------------------------------
0 0031032675 MORTGAGORS: GROSS BRIAN
GROSS MARY
REGION CODE ADDRESS : 45 SETTLERS RIDGE ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 255,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,634.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98747
----------------------------------------------------------------
0 0031039324 MORTGAGORS: ZAGARELLA VINCENT
ZAGARELLA LYNN
REGION CODE ADDRESS : 1620 STAGECOACH CIRCLE
01 CITY : ELIZABETH
STATE/ZIP : CO 80107
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,084.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,890.00
P & I AMT: 10,330.85
UPB AMT: 1,458,239.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031039548 MORTGAGORS: MACOR JOE
MACOR CHRISTINA
REGION CODE ADDRESS : 15 VILLA DRIVE
01 CITY : BRIDGEWATER
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 229,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,545.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031040009 MORTGAGORS: KELLEHER JOHN
REGION CODE ADDRESS : 39 VESTRY STREET # 5A
01 CITY : NEW YORK
STATE/ZIP : NY 10013
MORTGAGE AMOUNT : 631,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 631,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,252.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031041551 MORTGAGORS: ARNOLD BRIAN
ARNOLD LORRAINE
REGION CODE ADDRESS : 3456 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 310,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,325.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,198.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031042161 MORTGAGORS: BARRON STEVEN
BARRON LEAH
REGION CODE ADDRESS : 13369 STONEBRIDGE LANE NE
01 CITY : BAINBRIDGE ISLAND
STATE/ZIP : WA 98110
MORTGAGE AMOUNT : 459,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,159.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,529.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031043375 MORTGAGORS: PINK MAXINE
PINK ALISON
REGION CODE ADDRESS : 1403 GREENFIELD AVENUE #203
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 254,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,741.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.24615
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,884,450.00
P & I AMT: 13,369.25
UPB AMT: 1,882,826.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031045156 MORTGAGORS: GROGLIO GREGORY
GROGLIO ELAINE
REGION CODE ADDRESS : 62042 HWY 1091
01 CITY : PEARL RIVER
STATE/ZIP : LA 70452
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,649.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,712.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031045362 MORTGAGORS: MCGINNIS SHAWN
REGION CODE ADDRESS : 7275 EAST COLUMBUS DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031047061 MORTGAGORS: THOMAS PETER
CAPLAN MICHELE
REGION CODE ADDRESS : 7 NORTH SHORE COURT
01 CITY : SKILLMAN
STATE/ZIP : NJ 08558
MORTGAGE AMOUNT : 267,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,030.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.76100
----------------------------------------------------------------
0 0031048010 MORTGAGORS: GIBBONS JAMES
GIBBONS SARA
REGION CODE ADDRESS : 6 DEERHILL ROAD
01 CITY : ASBURY
STATE/ZIP : NJ 08802
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,449.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031049471 MORTGAGORS: MC GEADY ROSEMARY
SEBER JAMES
REGION CODE ADDRESS : 124 WOODVIEW DRIVE
01 CITY : MONTGOMERY TOWNSHIP
STATE/ZIP : NJ 08558
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,444.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.19500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,776,400.00
P & I AMT: 12,662.53
UPB AMT: 1,773,395.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031050495 MORTGAGORS: INGRAHAM WILLIAM
KEARNEY KATHLEEN
REGION CODE ADDRESS : 24 UNDERHILL ROAD
01 CITY : OSSINING
STATE/ZIP : NY 10562
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,785.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.94300
----------------------------------------------------------------
0 0031051774 MORTGAGORS: BARATOV MIKHAIL
BARATOVA SVETLANA
REGION CODE ADDRESS : 64-44 DIETERLE CRESCENT
01 CITY : FLUSHING
STATE/ZIP : NY 11374
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,197.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.26600
----------------------------------------------------------------
0 0031053267 MORTGAGORS: LANSING VINCENT
LANSING JANINE
REGION CODE ADDRESS : 6442 VIA DE ANZAR
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,536.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.65500
----------------------------------------------------------------
0 0031053713 MORTGAGORS: DANGLE GARY
DANGLE PATRICIA
REGION CODE ADDRESS : 27 HEMLOCK ROAD
01 CITY : WILLIAMSPORT
STATE/ZIP : PA 17701
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,647.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.42800
----------------------------------------------------------------
0 0031054539 MORTGAGORS: MOHR JOSEPH
MOHR SHARON
REGION CODE ADDRESS : 47 BEACH PLUM LANE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,744.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,550.00
P & I AMT: 11,438.01
UPB AMT: 1,611,910.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031054638 MORTGAGORS: DELL'ALBA GARY
DELL'ALBA JUDITH
REGION CODE ADDRESS : 1950 AUGUSTA DRIVE
01 CITY : CENTER VALLEY
STATE/ZIP : PA 18034
MORTGAGE AMOUNT : 581,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 580,340.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,965.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031055619 MORTGAGORS: BAIL CLIFFORD
BAIL JONI
REGION CODE ADDRESS : 380 CARRIAGE LANE
01 CITY : WYCKOFF
STATE/ZIP : NJ 07481
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.38400
----------------------------------------------------------------
0 0031057813 MORTGAGORS: BERNARDEZ RUTH
TAN CHRIS
REGION CODE ADDRESS : 421 WELLINGTON ROAD
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 193,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,034.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,370.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031058183 MORTGAGORS: AVINO ANIELLO
AVINO SONJA
REGION CODE ADDRESS : 14011 EAGLE CHASE CIRCLE
01 CITY : CHANTILLY
STATE/ZIP : VA 20151
MORTGAGE AMOUNT : 270,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031058373 MORTGAGORS: MAROSI STEPHEN
MAROSI HEDDA
REGION CODE ADDRESS : 1807 BUTTONSHELL LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,360.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.24000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,770,800.00
P & I AMT: 12,150.63
UPB AMT: 1,768,685.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031060411 MORTGAGORS: SPINK THOMAS
SPINK JOANNE
REGION CODE ADDRESS : 11 KENDALL COURT
01 CITY : WILMINGTON
STATE/ZIP : DE 19803
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,238.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031061203 MORTGAGORS: DILLON FRANCIS
DILLON JUDITH
REGION CODE ADDRESS : 20 WEST CHOPS POINT ROAD
01 CITY : BATH
STATE/ZIP : ME 04530
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,473.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.88800
----------------------------------------------------------------
0 0031062409 MORTGAGORS: MILLER JERRY
REGION CODE ADDRESS : 25760 LA ESTRELLA STREET
01 CITY : WILDOMAR
STATE/ZIP : CA 92595
MORTGAGE AMOUNT : 119,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,920.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 873.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.29500
----------------------------------------------------------------
0 0031062748 MORTGAGORS: WHITBY DANIELLE
WHITBY JAMES
REGION CODE ADDRESS : 27919 NORTH SHORE ROAD
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,384.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.86100
----------------------------------------------------------------
0 0031062961 MORTGAGORS: MADIE MICHEL
REGION CODE ADDRESS : 2109 BROADWAY UNIT 677
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,124.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 60.74700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,599,600.00
P & I AMT: 11,589.69
UPB AMT: 1,597,141.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031063340 MORTGAGORS: LINDSEY GREGORY
LINDSEY DEBRA
REGION CODE ADDRESS : 20892 NERINE COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 215,592.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,237.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,434.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031065923 MORTGAGORS: SUMMERS JERROD
SUMMERS KELLY
REGION CODE ADDRESS : 2914 LAUREL MIST CT
01 CITY : KINGWOOD
STATE/ZIP : TX 77345
MORTGAGE AMOUNT : 118,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,347.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 849.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97600
----------------------------------------------------------------
0 0031068331 MORTGAGORS: RAPTOPOULOS VASSILIOS
RAPTOPOULOS DEBORAH
REGION CODE ADDRESS : 190 IVY STREET
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,657.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.61400
----------------------------------------------------------------
0 0031069651 MORTGAGORS: KELLEY AVERY
KELLEY PAMELA
REGION CODE ADDRESS : 13802 HWY 144
01 CITY : RICHMOND HILL
STATE/ZIP : GA 31324
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,469.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.30000
----------------------------------------------------------------
0 0031069966 MORTGAGORS: SAXON RICHARD
SAXON ALEXA
REGION CODE ADDRESS : 2591 WHITE OWL DRIVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,064.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,192.00
P & I AMT: 9,376.93
UPB AMT: 1,344,776.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031070188 MORTGAGORS: NANNINI ROBERT
NANNINI MELINDA
REGION CODE ADDRESS : 4492 PEACOCK COURT
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 269,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,467.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99300
----------------------------------------------------------------
0 0031070246 MORTGAGORS: CASOY JULIO
CASOY SARA
REGION CODE ADDRESS : 363 HOMESTEAD ROAD
01 CITY : STRAFFORD
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,616.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,113.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031071210 MORTGAGORS: CLARKE RONALD
CLARKE CHRISTY
REGION CODE ADDRESS : 4109 MEADOW WOOD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 272,481.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,085.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031072960 MORTGAGORS: DOLAN PAUL
DOLAN KATHLEEN
REGION CODE ADDRESS : 124 NAVESINK AVENUE
01 CITY : MIDDLETOWN TWP.
STATE/ZIP : NJ 07752
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,725.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,496.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031073109 MORTGAGORS: COTE MAHON
MOLLOY KEVIN
REGION CODE ADDRESS : 6 QUAIL RUN
01 CITY : HOLLISTON
STATE/ZIP : MA 01746
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,829.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.58700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,331.00
P & I AMT: 10,198.91
UPB AMT: 1,453,724.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031074347 MORTGAGORS: LI QIANG
LI JAIME
REGION CODE ADDRESS : 52 DECLARATION PLACE
01 CITY : IRVINE
STATE/ZIP : CA 92602
MORTGAGE AMOUNT : 249,041.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,713.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.99983
----------------------------------------------------------------
0 0031074651 MORTGAGORS: TRIMBOLI JEFFREY
SCHAFER LAURA
REGION CODE ADDRESS : 14 NORMANDIE LANE
01 CITY : RARITAN
STATE/ZIP : NJ 08869
MORTGAGE AMOUNT : 229,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,590.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 93.83600
----------------------------------------------------------------
0 0031075468 MORTGAGORS: KNEE KENNETH
REGION CODE ADDRESS : 500 ROUTE 52 EAST UNIT#F410
01 CITY : LIBERTY
STATE/ZIP : NY 12754
MORTGAGE AMOUNT : 56,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 56,669.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 461.33 OUTSIDE CONV DATE :
LIFETIME RATE : 9.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 9.12500 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
0 0031076656 MORTGAGORS: DUNLAP JOHN
REGION CODE ADDRESS : 2313 NORTH RICHMOND STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 421,320.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,692.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,945.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031076698 MORTGAGORS: KREMPEL TODD
REGION CODE ADDRESS : 9713 GAVIN STONE AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89128
MORTGAGE AMOUNT : 339,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,180.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,462.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,296,611.00
P & I AMT: 9,255.79
UPB AMT: 1,294,847.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031077241 MORTGAGORS: HIGGINS THOMAS
REGION CODE ADDRESS : 4575 SE REGNER
01 CITY : GRESHAM
STATE/ZIP : OR 97080
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 569,192.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,083.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 43.84615
----------------------------------------------------------------
0 0031079288 MORTGAGORS: REARDON PATRICK
REGION CODE ADDRESS : 3118 ARBOR DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,276.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.26300
----------------------------------------------------------------
0 0031079353 MORTGAGORS: CAPELLAS STEPHEN
BRYANT-CAPELLAS JEANNIE
REGION CODE ADDRESS : 12918 NW 26TH AVENUE
01 CITY : VANCOUVER
STATE/ZIP : WA 98685
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,201.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031079684 MORTGAGORS: SUTER DAVID
MADER THERESA
REGION CODE ADDRESS : 725 DELAWARE AVENUE
01 CITY : DELANCO
STATE/ZIP : NJ 08075
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,592.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.80900
----------------------------------------------------------------
0 0031080351 MORTGAGORS: ASSALI KHALIL
ASSALI NAHIDA
REGION CODE ADDRESS : 18148 SPRING MEADOW DRIVE
01 CITY : MOKENA
STATE/ZIP : IL 60448
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,134.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,692,300.00
P & I AMT: 12,060.76
UPB AMT: 1,689,397.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031082514 MORTGAGORS: MAC BAU
VU VICTORIA
REGION CODE ADDRESS : 1460 EAST MUNOZ PLACE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,597.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083157 MORTGAGORS: RICHARDSON LOIS
SHERB TERRY
REGION CODE ADDRESS : 1631 ARDEN BLUFFS LANE
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 245,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,120.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031083249 MORTGAGORS: SMITH KENNETH
SMITH DIANE
REGION CODE ADDRESS : 4094 FOX MEADOWS DRIVE
01 CITY : MONTVILLE
STATE/ZIP : OH 44256
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,977.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,575.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.36800
----------------------------------------------------------------
0 0031083991 MORTGAGORS: JENSEN D
LUKE CHERYL
REGION CODE ADDRESS : 1656 SOUTH SUNNYDALE LANE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84108
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,419.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.28571
----------------------------------------------------------------
0 0031084015 MORTGAGORS: ORLWICZ MICHAEL
ORLWICZ CONNIE
REGION CODE ADDRESS : 20242 N 83RD PLACE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 396,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,434.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,804.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,400.00
P & I AMT: 10,595.75
UPB AMT: 1,486,549.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031085202 MORTGAGORS: TUCKER MICHAEL
TUCKER LYNETTE
REGION CODE ADDRESS : 1216 N JEFFERSON STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22205
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,463.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086473 MORTGAGORS: JACOBS SCOTT
COMFORT LUCILLE
REGION CODE ADDRESS : 2060 HILLRIDGE DRIVE
01 CITY : FAIRFIELD
STATE/ZIP : CA 94533
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031086572 MORTGAGORS: BATES BRIAN
BATES ELLEN
REGION CODE ADDRESS : 16 APPLE ORCHARD ROAD
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,550.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031088719 MORTGAGORS: SEAVEY LONNIE
SEAVEY REBECCA
REGION CODE ADDRESS : 6365 EAST FOREST ROAD
01 CITY : APACHE JUNCTION
STATE/ZIP : AZ 85219
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,298.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031089246 MORTGAGORS: PONZO MICHAEL
BURT SANDRA
REGION CODE ADDRESS : 9214 E LOS GATOS DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 513,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,636.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,570,250.00
P & I AMT: 11,010.87
UPB AMT: 1,568,877.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031089394 MORTGAGORS: BECK CLAYTON
BECK KATHY
REGION CODE ADDRESS : 447 GULARTE ROAD
01 CITY : ARROYO GRANDE
STATE/ZIP : CA 93420
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031089600 MORTGAGORS: GELLER NINA
GELLER THOMAS
REGION CODE ADDRESS : 53 CLUB POINT DRIVE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,078.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.92500
----------------------------------------------------------------
0 0031089915 MORTGAGORS: LINENBERG WILLIAM
LINENBERG GERALDINE
REGION CODE ADDRESS : 638 CLARK STREET
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 295,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,864.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.77800
----------------------------------------------------------------
0 0031090897 MORTGAGORS: COMBS JENNIFER
REGION CODE ADDRESS : 35 OAK HILL ROAD
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 511,196.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,536.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031092133 MORTGAGORS: HOPPS RHONDA
HOPPS KEITH
REGION CODE ADDRESS : 1734 ASHLAND AVENUE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,750.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,727,100.00
P & I AMT: 11,984.76
UPB AMT: 1,724,689.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031093834 MORTGAGORS: DOEMENY DOROTHY
REGION CODE ADDRESS : 220 COAST BLVD #2B
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,369.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031093974 MORTGAGORS: TRIFON MARTIN
TRIFON DEBRA
REGION CODE ADDRESS : 29 CAWFIELD LANE
01 CITY : MELVILLE
STATE/ZIP : NY 11747
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,851.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031095136 MORTGAGORS: BESMER CINDY
BESMER JOHN
REGION CODE ADDRESS : 5753 PRESTON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031095888 MORTGAGORS: KMETZ JAMES
KMETZ SHIRLEY
REGION CODE ADDRESS : 14445 MAPLE VALLEY DRIVE
01 CITY : BURBANK
STATE/ZIP : OH 44214
MORTGAGE AMOUNT : 265,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,210.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99600
----------------------------------------------------------------
0 0031096084 MORTGAGORS: MORSE DAVID
MORSE LORI
REGION CODE ADDRESS : 25372 MUSTANG DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,680.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,447,550.00
P & I AMT: 10,363.83
UPB AMT: 1,445,931.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031096647 MORTGAGORS: HAILEY PAUL
HAILEY GLORIA
REGION CODE ADDRESS : 1 PENNSYLVANIA AVENUE
01 CITY : SPRINGLAKE
STATE/ZIP : NJ 07762
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,931.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,324.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.30200
----------------------------------------------------------------
0 0031096993 MORTGAGORS: LAKE JAMES
LAKE BETH
REGION CODE ADDRESS : 33 LONGCORSE ROAD
01 CITY : PAOLI
STATE/ZIP : PA 19301
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,602.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.77700
----------------------------------------------------------------
0 0031097363 MORTGAGORS: JANES THOMAS
REGION CODE ADDRESS : 266 INDIAN TRAIL ROAD
01 CITY : BARNSTABLE
STATE/ZIP : MA 02655
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 624,114.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,477.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031097652 MORTGAGORS: YUNG KIN WA
RHEE JANET
REGION CODE ADDRESS : 6238 CAMELLIA AVENUE
01 CITY : TEMPLE CITY
STATE/ZIP : CA 91780
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,248.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031098684 MORTGAGORS: GRUBER ELIZABETH
LODI RUSTON
REGION CODE ADDRESS : 15 DUNCKLEE STREET
01 CITY : NEWTON
STATE/ZIP : MA 02161
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,168.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,271,000.00
P & I AMT: 15,856.22
UPB AMT: 2,267,065.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031099096 MORTGAGORS: MAXWELL WILLIAM
REGION CODE ADDRESS : 6231 HETZLER ROAD
01 CITY : CULVER CITY
STATE/ZIP : CA 90232
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,335.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.00000
----------------------------------------------------------------
0 0031099427 MORTGAGORS: JEPSON EDWARD
SICOTTE SUSAN
REGION CODE ADDRESS : 209 N. DELAPLAINE
01 CITY : RIVERSIDE
STATE/ZIP : IL 60546
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,610.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.02298
----------------------------------------------------------------
0 0031100035 MORTGAGORS: CHOW MILTON
CHOW CATHLEEN
REGION CODE ADDRESS : 19417 PRUITT DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,628.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031100829 MORTGAGORS: GLEASON DANIEL
GLEASON JOSEPHINE
REGION CODE ADDRESS : 8 SUTTON ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,664.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.09900
----------------------------------------------------------------
0 0031100837 MORTGAGORS: MITCHELL JACK
BAKER KAREN
REGION CODE ADDRESS : 56 FOX DEN ROAD
01 CITY : MT KISCO
STATE/ZIP : NY 10549
MORTGAGE AMOUNT : 312,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,284.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,750.00
P & I AMT: 12,079.60
UPB AMT: 1,686,523.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031102767 MORTGAGORS: BERNSTEIN KENNETH
BERNSTEIN JENNIFER
REGION CODE ADDRESS : 1267 HUDSON WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 240,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,926.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.80300
----------------------------------------------------------------
0 0031102890 MORTGAGORS: DODSON JON
DODSON LAURA
REGION CODE ADDRESS : 123 WOODCHASE DRIVE
01 CITY : LAGRANGE
STATE/ZIP : GA 30240
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,605.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031103682 MORTGAGORS: SIMMONS RICHARD
REGION CODE ADDRESS : 19201 SHERWOOD GREEN WAY
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 371,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,003.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.71600
----------------------------------------------------------------
0 0031103971 MORTGAGORS: HARDINGER DAVID
HARDINGER MARY
REGION CODE ADDRESS : 3418 RIVER RIDGE COURT NE
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52402
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,801.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031104110 MORTGAGORS: BACAL JAY
BACAL JULIA
REGION CODE ADDRESS : 6 DAYTON DRIVE
01 CITY : LINCOLNDALE
STATE/ZIP : NY 10504
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,756.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,550.00
P & I AMT: 10,507.14
UPB AMT: 1,492,093.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031104128 MORTGAGORS: FERRANTE MARC
FERRANTE MICHELLE
REGION CODE ADDRESS : 131 JANES LANE,
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,386.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031104243 MORTGAGORS: BROWN MICHAEL
BROWN RENEE
REGION CODE ADDRESS : 433 GREEN HILL ROAD
01 CITY : KINNELON
STATE/ZIP : NJ 07405
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,770.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.87800
----------------------------------------------------------------
0 0031104573 MORTGAGORS: CLOWAR JOHN
REGION CODE ADDRESS : 5408B ALBRIDGE WAY
01 CITY : MOUNT LAUREL
STATE/ZIP : NJ 08054
MORTGAGE AMOUNT : 81,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 81,480.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 592.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 88.75000
----------------------------------------------------------------
0 0031106792 MORTGAGORS: JUTCOVICH MORRIS
JUTCOVICH JUDITH
REGION CODE ADDRESS : 242 BRYDON ROAD
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,541.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.14800
----------------------------------------------------------------
0 0031107543 MORTGAGORS: WRIGHT JOHN
WRIGHT ELISE
REGION CODE ADDRESS : 187 JAPONICA PLACE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 269,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,308.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.90000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,633,600.00
P & I AMT: 11,767.90
UPB AMT: 1,631,486.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031107980 MORTGAGORS: FACEY FARRELL
FACEY CHEREE
REGION CODE ADDRESS : 28650 BRUSH CANYON DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,141.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031109119 MORTGAGORS: GOGGINS GREG
REGION CODE ADDRESS : 4295 DON CARLOS DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90008
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,660.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031109580 MORTGAGORS: SERGI JANESSA
REGION CODE ADDRESS : 14362 AUBURN COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,624.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031109846 MORTGAGORS: SINGER ROBERT
SINGER PATRICIA
REGION CODE ADDRESS : 14013 FOXLAND ROAD
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031109929 MORTGAGORS: BOZZANI ROBERT
BOZZANI BARBARA
REGION CODE ADDRESS : 27821 N PENINSULA DRIVE UNIT # 323
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,000.00
P & I AMT: 9,956.06
UPB AMT: 1,388,009.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031110117 MORTGAGORS: STALLINGS WILLIAM
REGION CODE ADDRESS : 2135 VAUGHN LANE
01 CITY : MONTGOMERY
STATE/ZIP : AL 36106
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,906.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031110331 MORTGAGORS: PORZUNGOLO THOMAS
PORZUNGOLO ANGELA
REGION CODE ADDRESS : 24 GREENLEAF DRIVE
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031110695 MORTGAGORS: KAPPAUF DON
KAPPAUF KATHLEEN
REGION CODE ADDRESS : 214 WEST AVENIDA ALESSANDRO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 234,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,962.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.98500
----------------------------------------------------------------
0 0031111743 MORTGAGORS: MUTSCHELLER JOHN
MUTSCHELLER KARI
REGION CODE ADDRESS : 12308 MICHAELSFORD ROAD
01 CITY : BALTIMORE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 427,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,410.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,096.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.93600
----------------------------------------------------------------
0 0031111834 MORTGAGORS: SNELL CHARLES
SNELL LORI
REGION CODE ADDRESS : 6 SWEDES LANE
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,808.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.72400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,950.00
P & I AMT: 10,783.31
UPB AMT: 1,462,408.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031111909 MORTGAGORS: FRANKENTHALER ROBERT
BELLER ROBERTA
REGION CODE ADDRESS : 22 HAWTHORNE DRIVE
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,717.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,972.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.92200
----------------------------------------------------------------
0 0031112097 MORTGAGORS: FORD ROBERT
HOWERY-FORD VIRGINIA
REGION CODE ADDRESS : 910 PARK AVENUE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,721.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,358.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031112113 MORTGAGORS: NICHOLS JEFFREY
REGION CODE ADDRESS : LOT 69 DEER WOOD PARK DRIVE
01 CITY : LEONARDTOWN
STATE/ZIP : MD 20650
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.34500
----------------------------------------------------------------
0 0031112196 MORTGAGORS: GREEN BARBARA
REGION CODE ADDRESS : 7031 ASPEN CREEK LANE
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,752.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 665.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 51.01500
----------------------------------------------------------------
0 0031113673 MORTGAGORS: GUINEY PAUL
GUINEY DEBORAH
REGION CODE ADDRESS : 356 DAYTON ROAD
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 331,636.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,407.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,404.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99985
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,271,136.00
P & I AMT: 9,021.82
UPB AMT: 1,269,914.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031114465 MORTGAGORS: MOLINO THOMAS
MOLINO MARY
REGION CODE ADDRESS : 5321 POPLAR VALLEY COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 337,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,930.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031114549 MORTGAGORS: MELNYK WAYNE
MELNYK BARBARA
REGION CODE ADDRESS : 23262 CHERVIL COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91355
MORTGAGE AMOUNT : 234,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,968.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031114648 MORTGAGORS: MC DERMOTT CHERYL
REGION CODE ADDRESS : 16717 MORRISON STREET
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031114671 MORTGAGORS: BENDANIEL MATTHEW
STONE KRISTINA
REGION CODE ADDRESS : 136 ALLSTON STREET
01 CITY : MEDFORD
STATE/ZIP : MA 02155
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,660.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031114697 MORTGAGORS: BAXENDALE JAMES
BAXENDALE DAPHNE
REGION CODE ADDRESS : 7-9 BEALS STREET UNIT #3
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,339,500.00
P & I AMT: 9,423.64
UPB AMT: 1,337,964.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031114937 MORTGAGORS: CHANDLER MICHAEL
CHANDLER LYNN
REGION CODE ADDRESS : 2732 SYLVAN WAY
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 365,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,335.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.47800
----------------------------------------------------------------
0 0031114986 MORTGAGORS: DILTZ ROBERT
DILTZ ANN
REGION CODE ADDRESS : LOT 3 APPLEWOOD DRIVE
01 CITY : HAMPTON FALLS
STATE/ZIP : NH 03844
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0031115405 MORTGAGORS: HORNER RICHARD
HORNER RELLA
REGION CODE ADDRESS : 113 FULTON STREET
01 CITY : TRENTON
STATE/ZIP : NJ 08611
MORTGAGE AMOUNT : 28,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 27,965.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 212.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031115439 MORTGAGORS: KRAMER PAUL
KRAMER SKYE
REGION CODE ADDRESS : 301 CLINTON ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.89500
----------------------------------------------------------------
0 0031115579 MORTGAGORS: GOLD HAROLD
REGION CODE ADDRESS : 547 E SPROUL ROAD
01 CITY : VILLANOVA
STATE/ZIP : PA 19085
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,381,600.00
P & I AMT: 9,675.40
UPB AMT: 1,380,885.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031115611 MORTGAGORS: LOPEZ BILL
LOPEZ OLIVIA
REGION CODE ADDRESS : 37003 SHASTA STREET
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,664.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.80000
----------------------------------------------------------------
0 0031115694 MORTGAGORS: FLANNAGAN MARK
REGION CODE ADDRESS : 1267 RIEGELS LANDING DRIVE
01 CITY : SARASOTA
STATE/ZIP : FL 34242
MORTGAGE AMOUNT : 612,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 610,662.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,331.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031115751 MORTGAGORS: HITCHCOCK DEBORAH
GERTNER SCOTT
REGION CODE ADDRESS : 3 INDIAN HILL ROAD
01 CITY : REDDING
STATE/ZIP : CT 06896
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,480.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031116411 MORTGAGORS: BUTTERS PAUL
BUTTERS TAMI
REGION CODE ADDRESS : 5516 BROOKVIEW AVENUE
01 CITY : EDINA
STATE/ZIP : MN 55424
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031116551 MORTGAGORS: MOORE-SHOOP G ANNA
SHOOP MARK
REGION CODE ADDRESS : 3644 ASHWOOD DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,327.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.26800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,500.00
P & I AMT: 11,821.32
UPB AMT: 1,672,955.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031116668 MORTGAGORS: CHURPEK GREGORY
ORTEGA CARLA
REGION CODE ADDRESS : 28206 CAMAS COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 237,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,278.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0031116684 MORTGAGORS: STEVENS A.
ABLE SUSAN
REGION CODE ADDRESS : 40 COMMONWEALTH AVENUE UNIT #C
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,800.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.50000
----------------------------------------------------------------
0 0031116718 MORTGAGORS: BEUSSE WILLIAM
BEUSSE ROBIN
REGION CODE ADDRESS : 20509 RIGGS HILL WAY
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,666.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,509.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90400
----------------------------------------------------------------
0 0031116908 MORTGAGORS: DIMARCO JON
DIMARCO TERESA
REGION CODE ADDRESS : 5924 LEABROOK WAY
01 CITY : GLEN ALLEN
STATE/ZIP : VA 23060
MORTGAGE AMOUNT : 417,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,282.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,884.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031117088 MORTGAGORS: NOBEL ERIKA
HENDZEL KEVIN
REGION CODE ADDRESS : 10316 FOREST MAPLE ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,618.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,093.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 59.65500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,901,050.00
P & I AMT: 13,347.20
UPB AMT: 1,899,646.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031117575 MORTGAGORS: ISRAEL ROLAND
REGION CODE ADDRESS : 6350 MARYLAND DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,540.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.63100
----------------------------------------------------------------
0 0031117641 MORTGAGORS: LEGROTTAGLIE VITO
LEGROTTAGLIE MONICA
REGION CODE ADDRESS : 18 DELTA DRIVE
01 CITY : OCEAN
STATE/ZIP : NJ 07712
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031117989 MORTGAGORS: MC MANUS RICHARD
MC MANUS DEBORAH
REGION CODE ADDRESS : 47 THE FAIRWAYS
01 CITY : IPSWICH
STATE/ZIP : MA 01938
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.40500
----------------------------------------------------------------
0 0031118037 MORTGAGORS: JARET ALEC
JARET MAZAL
REGION CODE ADDRESS : 182 RAWSON ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 239,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,335.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.52700
----------------------------------------------------------------
0 0031118151 MORTGAGORS: COCHRAN RANDALL
COCHRAN CLARA
REGION CODE ADDRESS : 3416 LANTZ CIRCLE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 272,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,953.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.76989
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,650.00
P & I AMT: 10,021.99
UPB AMT: 1,393,440.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031118318 MORTGAGORS: REILLY THOMAS
REILLY MARY
REGION CODE ADDRESS : 21500 HEARTHSTONE COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20148
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,225.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031118656 MORTGAGORS: JOYCE JOHN
JOYCE MARY BETH
REGION CODE ADDRESS : 312 WINDERMERE AVENUE
01 CITY : INTERLAKEN
STATE/ZIP : NJ 07712
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031118904 MORTGAGORS: NUCCIO MARK
NUCCIO CHRISTINE
REGION CODE ADDRESS : 17 ELMWOOD ROAD
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.17543
----------------------------------------------------------------
0 0031118912 MORTGAGORS: KEDO PAUL
HINTON-KEDO JANE
REGION CODE ADDRESS : 1040 SIR WILLIAM LANE
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 513,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 512,887.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,676.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.32100
----------------------------------------------------------------
0 0031119720 MORTGAGORS: PADNICK GLENN
PADNICK ELEANOR
REGION CODE ADDRESS : 1021 RIDGE DALE DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 998,583.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,164.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 31.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,394,850.00
P & I AMT: 17,035.90
UPB AMT: 2,392,414.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031119753 MORTGAGORS: BEARD JEFFREY
BEARD ROBIN
REGION CODE ADDRESS : 3423 BLANDFORD WAY
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 320,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,567.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,270.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.99900
----------------------------------------------------------------
0 0031119837 MORTGAGORS: MUSANTE DAVID
MUSANTE JOAN
REGION CODE ADDRESS : 1201 TAGGERT DRIVE
01 CITY : BELLE MEAD
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 158,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,173.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.28400
----------------------------------------------------------------
0 0031119902 MORTGAGORS: SHUGERT CRAIG
SHUGERT LAURA
REGION CODE ADDRESS : 31 WINDGATE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,535.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031120108 MORTGAGORS: ROSENKRANC GEORGE
ROSENKRANC TRUDI
REGION CODE ADDRESS : 403 WEST ROAD
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 506,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 506,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,494.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.36500
----------------------------------------------------------------
0 0031120298 MORTGAGORS: MARKS JOHN
MARKS MERIDITH
REGION CODE ADDRESS : 1934 STONE RIDGE LANE
01 CITY : VILLANOVA
STATE/ZIP : PA 19085
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,556,800.00
P & I AMT: 10,821.24
UPB AMT: 1,555,884.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031121262 MORTGAGORS: DAVENPORT DIANA
DAVENPORT ANTHONY
REGION CODE ADDRESS : 11700 AMER COURT
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 351,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,235.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.24890
----------------------------------------------------------------
0 0031121346 MORTGAGORS: WHITAKER BLAIR
WHITAKER SALINA
REGION CODE ADDRESS : 3 WHISPERING LANE
01 CITY : NATICK
STATE/ZIP : MA 01760
MORTGAGE AMOUNT : 492,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,084.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,488.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031121387 MORTGAGORS: WILLIAMS WILLIE
WILLIAMS MARY
REGION CODE ADDRESS : 2800 LAUREL AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 569,192.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,083.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.54800
----------------------------------------------------------------
0 0031121429 MORTGAGORS: MELAMED YAIR
MELAMED NOGA
REGION CODE ADDRESS : 30 CANNON STREET
01 CITY : NEWTON
STATE/ZIP : MA 02161
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,793.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.43900
----------------------------------------------------------------
0 0031121494 MORTGAGORS: BAILEY MICHAEL
REGION CODE ADDRESS : 2014 17TH AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,373.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,443.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,078,600.00
P & I AMT: 14,477.40
UPB AMT: 2,075,679.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031121536 MORTGAGORS: GROSS MICHAEL
KAPLAN-GROSS KIMBERLEY
REGION CODE ADDRESS : 170 BEAUFORT AVENUE
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.14500
----------------------------------------------------------------
0 0031121734 MORTGAGORS: WOODS WILLIAM
REGION CODE ADDRESS : 7148 S BRYANT AVE
01 CITY : LITTLETON
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 69,898.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 495.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.81400
----------------------------------------------------------------
0 0031121742 MORTGAGORS: NEPPL DAVID
NAPPL BETH
REGION CODE ADDRESS : 13110 CLARK STREET
01 CITY : CLIVE
STATE/ZIP : IA 50325
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,801.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031121767 MORTGAGORS: RUBINO THOMAS
RUBINO SUSAN
REGION CODE ADDRESS : 6016 SHORE ACRES DRIVE
01 CITY : BRADENTON
STATE/ZIP : FL 34209
MORTGAGE AMOUNT : 432,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,628.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,027.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.80300
----------------------------------------------------------------
0 0031121775 MORTGAGORS: KRESS STEVEN
MCCAULEY KELLI
REGION CODE ADDRESS : 3245 BROOKSIDE LANE
01 CITY : ENCINADAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,337.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,227.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,541,950.00
P & I AMT: 10,880.85
UPB AMT: 1,540,443.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031121965 MORTGAGORS: BRUNICK RONALD
REGION CODE ADDRESS : 6717 AVILA VALLEY DRIVE
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93405
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,541.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.71200
----------------------------------------------------------------
0 0031122211 MORTGAGORS: STARCZNSKI KENNETH
FINN THERESA
REGION CODE ADDRESS : 4150 DALLAS LANE
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 297,208.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,542.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.14700
----------------------------------------------------------------
0 0031122252 MORTGAGORS: TRANGER W.
TRANGER PATRICIA
REGION CODE ADDRESS : 6018 CADDIE COURT
01 CITY : NAGSHEAD
STATE/ZIP : NC 27959
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,043.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.54200
----------------------------------------------------------------
0 0031122286 MORTGAGORS: ESSIEN VICTOR
ESSIEN OPHELIA
REGION CODE ADDRESS : 1324 HOGAN DRIVE
01 CITY : SOUTH PLAINFIELD
STATE/ZIP : NJ 07080
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,021.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0031122435 MORTGAGORS: LIEBOWITZ JON
LIEBOWITZ AMY
REGION CODE ADDRESS : 111 WESTGATE ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 508,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 507,622.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,552.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,995,108.00
P & I AMT: 14,389.06
UPB AMT: 1,992,770.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031122708 MORTGAGORS: SHEEHAN JANET
REGION CODE ADDRESS : 1730 CORN NECK ROAD, UNIT 1
01 CITY : NEW SHOREHAM
STATE/ZIP : RI 02807
MORTGAGE AMOUNT : 280,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,142.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031122914 MORTGAGORS: ARMSTRONG DOUGLAS
FITZPATRICK MAUREEN
REGION CODE ADDRESS : 1802 REDESDALE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,574.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031122989 MORTGAGORS: TODD STEVEN
TODD CLAUDETTE
REGION CODE ADDRESS : 1004 CAMELLIA DRIVE
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 234,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,284.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.54100
----------------------------------------------------------------
0 0031123037 MORTGAGORS: WEINSTEIN STEVEN
WEINSTEIN MARY
REGION CODE ADDRESS : 17 MIDDLERIDGE LANE
01 CITY : ROLLING HILLS
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,529.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 46.42800
----------------------------------------------------------------
0 0031123474 MORTGAGORS: RUDOWSKI KEVIN
RUDOWSKI JULIE
REGION CODE ADDRESS : 5311 MAPLE VALLEY COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 279,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,422.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,733,000.00
P & I AMT: 12,254.40
UPB AMT: 1,728,953.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031123565 MORTGAGORS: LEVINE JAN
REGION CODE ADDRESS : 712 EL MEDIO AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 483,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,316.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,460.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.30700
----------------------------------------------------------------
0 0031123979 MORTGAGORS: MC MILLAN TERRY
REGION CODE ADDRESS : 15 HOMESTEAD COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 1,200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,199,174.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 8,700.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 70.58800
----------------------------------------------------------------
0 0031124167 MORTGAGORS: RINERE MICHAEL
RINERE DANIELLE
REGION CODE ADDRESS : 66 BAY AVENUE
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031124381 MORTGAGORS: JAMES OSCAR
JAMES SOPHIE
REGION CODE ADDRESS : 4983 SCARLETT WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95111
MORTGAGE AMOUNT : 267,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,940.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031124985 MORTGAGORS: ANDERSEN PAUL
ANDERSEN JOAN
REGION CODE ADDRESS : 20360 VIA LAS VILLAS
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 319,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,223.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.88600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,578,000.00
P & I AMT: 18,511.42
UPB AMT: 2,575,425.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031125040 MORTGAGORS: BUSSE MARK
BUSSE SUSAN
REGION CODE ADDRESS : 1608 IRONWOOD DRIVE
01 CITY : MOUNT PROSPECT
STATE/ZIP : IL 60056
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,815.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031125057 MORTGAGORS: JOHNSON MATTHEW
JONNSON TIEN
REGION CODE ADDRESS : 1295 11 COURT SW
01 CITY : NORTH BEND
STATE/ZIP : WA 98045
MORTGAGE AMOUNT : 265,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,964.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031125388 MORTGAGORS: SUZUKI JOSEPH
SUZUKI CHRISTINE
REGION CODE ADDRESS : 11778 OAKHURST WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 248,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,164.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.41300
----------------------------------------------------------------
0 0031125552 MORTGAGORS: CODDINGTON BOYD
CODDINGTON DIANE
REGION CODE ADDRESS : 2235 VALLE DRIVE
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,221.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,940.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031125602 MORTGAGORS: DENISON CHRISTOPHER
DENISON DANIELLE
REGION CODE ADDRESS : 272 NICHOLAS ROAD
01 CITY : COVENTRY
STATE/ZIP : RI 02827
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,834.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.23800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,547,950.00
P & I AMT: 10,961.15
UPB AMT: 1,544,999.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031126154 MORTGAGORS: GARRETT JOHNNY
GARRETT DAWN
REGION CODE ADDRESS : 1396 MUSTANG DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031126352 MORTGAGORS: LYONS BRENDA
REGION CODE ADDRESS : 10202 THUNDERCLOUD COURT
01 CITY : SPRINGDALE
STATE/ZIP : MD 20774
MORTGAGE AMOUNT : 233,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,981.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0031126360 MORTGAGORS: CLAPPSY NICHOLAS
CLAPPSY MELISSA
REGION CODE ADDRESS : 177 NEW PROVIDENCE ROAD
01 CITY : MOUTAINSIDE
STATE/ZIP : NJ 07092
MORTGAGE AMOUNT : 261,375.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,375.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031126428 MORTGAGORS: HUGHES ASHLEY
HUGHES HELEN
REGION CODE ADDRESS : 112 COUNTRY LANE
01 CITY : KATHLEEN
STATE/ZIP : GA 31047
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,547.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031126568 MORTGAGORS: MCGOWAN ROBERT
MCGOWAN ADRIEN
REGION CODE ADDRESS : 9002 THIRD AVENUE
01 CITY : STONE HARBOR
STATE/ZIP : NJ 08247
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,986.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 53.76344
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,525.00
P & I AMT: 11,363.72
UPB AMT: 1,596,656.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031126808 MORTGAGORS: JEZIERNY JOHN
JEZIERNY CAROL
REGION CODE ADDRESS : 16 WOLF TREE DRIVE
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.62100
----------------------------------------------------------------
0 0031126956 MORTGAGORS: GLENDINNING R
GLENDINNING HEATHER
REGION CODE ADDRESS : 313 POWDER HORN ROAD
01 CITY : FT WASHINGTON
STATE/ZIP : PA 19034
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,491.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.93500
----------------------------------------------------------------
0 0031127178 MORTGAGORS: MERLETTE DARRYLE
MERLETTE ANGELA
REGION CODE ADDRESS : 32 COLLINS DRIVE
01 CITY : HILLSBOROUGH TOWNSHIP
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 332,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,371.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,411.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98917
----------------------------------------------------------------
0 0031127640 MORTGAGORS: JENNIFER HELEN
PORTER TONY
REGION CODE ADDRESS : 108 SINGER LANE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 241,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,015.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031127731 MORTGAGORS: DAVIS THOMAS
DAVIS ELIZABETH
REGION CODE ADDRESS : 2158 CARDIFF CIRCLE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,850.00
P & I AMT: 9,708.78
UPB AMT: 1,352,485.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031127798 MORTGAGORS: GOLDSTEIN ELIZABETH
GOLDSTEIN STEVEN
REGION CODE ADDRESS : 38 ALLEN AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,388.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 53.90400
----------------------------------------------------------------
0 0031127954 MORTGAGORS: BROOKS THOMAS
BROOKS STACEY
REGION CODE ADDRESS : 6 SPARKS FARM ROAD
01 CITY : SPARKS
STATE/ZIP : MD 21152
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,773.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.94100
----------------------------------------------------------------
0 0031128747 MORTGAGORS: MUSUMECI ROSS
MUSUMECI KERIE
REGION CODE ADDRESS : 154 NEWTON STREET
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,641.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,503.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.82100
----------------------------------------------------------------
0 0031129372 MORTGAGORS: WILLNER DAVID
WILLNER JILL
REGION CODE ADDRESS : 1242 CORDOVA AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,418.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031129513 MORTGAGORS: ENGLISH EDWARD
ENGLISH JOANNE
REGION CODE ADDRESS : 614 PASEO DE LOS REYES
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,681,200.00
P & I AMT: 11,771.26
UPB AMT: 1,679,581.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031129547 MORTGAGORS: GUTHRIE ALEXANDER
GUTHRIE JENNIFER
REGION CODE ADDRESS : 3022 BURR STREET
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.41300
----------------------------------------------------------------
0 0031129562 MORTGAGORS: SMITH DEBRA
SMITH MICHAEL
REGION CODE ADDRESS : 61 N SMOKETREE AVENUE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,618.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.57500
----------------------------------------------------------------
0 0031129729 MORTGAGORS: BRANDT PETER
BRANDT FRANCINE
REGION CODE ADDRESS : 15027 RAYNETTE DRIVE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 394,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,328.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,861.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.74500
----------------------------------------------------------------
0 0031129893 MORTGAGORS: PARRY SAMUEL
PARRY PATRICIA
REGION CODE ADDRESS : 245 S JOAN LANE
01 CITY : GILBERT
STATE/ZIP : AZ 85296
MORTGAGE AMOUNT : 312,365.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,922.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031130461 MORTGAGORS: LAUBER GREGG
LAUBER STACEY
REGION CODE ADDRESS : 8 SPRING HOLLOW DRIVE
01 CITY : OLD TAPPAN
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 243,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,671.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,065.00
P & I AMT: 12,298.77
UPB AMT: 1,729,141.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031130693 MORTGAGORS: HARDING PETER
HARDING JUDY
REGION CODE ADDRESS : 6707 RUTGERS STREET
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,584.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,915.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.94700
----------------------------------------------------------------
0 0031130792 MORTGAGORS: TAGGART WILLIAM
TAGGART THERESA
REGION CODE ADDRESS : 20 EDGEMONT AVENUE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,295.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031131006 MORTGAGORS: OLIVIER JASON
OLIVIER CHELLIE
REGION CODE ADDRESS : 1144 DOVE PARK ROAD
01 CITY : COVINGTON
STATE/ZIP : LA 70433
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031131071 MORTGAGORS: VITENSE MICHAEL
NELSON-VITENSE NANCY
REGION CODE ADDRESS : W289 N 4763 WILD ROSE COURT
01 CITY : HARTLAND
STATE/ZIP : WI 53029
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031131329 MORTGAGORS: HICKEY GLENN
HICKEY ZENA
REGION CODE ADDRESS : 3464 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 323,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,565.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,925,800.00
P & I AMT: 13,595.55
UPB AMT: 1,924,954.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031131527 MORTGAGORS: PEREZ ROBERT
PEREZ-TISDALE LE
REGION CODE ADDRESS : 487 IVANHOE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,645.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031131766 MORTGAGORS: SMITH WALTER
SMITH BARBARA
REGION CODE ADDRESS : 8305 IVY GREEN ROAD
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,575.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031131998 MORTGAGORS: SHEPARDSON GARY
SHEPARDSON JOANNE
REGION CODE ADDRESS : 10551 FOX FOREST DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 533,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 532,763.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,868.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031132194 MORTGAGORS: CURTIS JONATHAN
CURTIS PATRICIA
REGION CODE ADDRESS : 421 BERKLEY
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,556.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031132392 MORTGAGORS: ZAHEDI AMIR
SHARIFNIA ZAHRA
REGION CODE ADDRESS : 14 AUGUSTUS ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,735.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 81.52100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,739,250.00
P & I AMT: 12,531.34
UPB AMT: 1,737,276.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031132517 MORTGAGORS: SHURTLEFF RICHARD
SHURTLEFF TINA
REGION CODE ADDRESS : 5286 GARRISON CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,941.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031132707 MORTGAGORS: PAUL DAVID
PAUL MARCI
REGION CODE ADDRESS : 8858 SOUTH SILVERSTONE WAY
01 CITY : SANDY
STATE/ZIP : UT 84093
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,041.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031133283 MORTGAGORS: BRENDLEN KEN
BRENDLEN COLLEEN
REGION CODE ADDRESS : 6502 CRYSTAL SPRINGS
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,726.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0031133317 MORTGAGORS: BEHM LAURA
BEHM JOHN
REGION CODE ADDRESS : 9817 MILL RUN DRIVE
01 CITY : GREAT FALLES
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031133408 MORTGAGORS: WONG RAYMOND
WONG DEBBIE
REGION CODE ADDRESS : 58 NORTHCREST DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,619.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,500.00
P & I AMT: 9,857.10
UPB AMT: 1,391,528.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031133580 MORTGAGORS: DERBY WILLIAM
LEE JESSICA
REGION CODE ADDRESS : 142 MURRAY AVENUE
01 CITY : LARCHMONT
STATE/ZIP : NY 10538
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,770.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0031133598 MORTGAGORS: YANIS STEVEN
REGION CODE ADDRESS : 22 LAWRENCE LANE
01 CITY : HARRISON
STATE/ZIP : NY 10528
MORTGAGE AMOUNT : 1,100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,099,223.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,880.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 57.23200
----------------------------------------------------------------
0 0031134166 MORTGAGORS: TAN CHIANG
FOO SUN
REGION CODE ADDRESS : 1515 CHULA VISTA DRIVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031134414 MORTGAGORS: GASTALDO ANTHONY
REGION CODE ADDRESS : 9073 YORKSHIRE DRIVE
01 CITY : SALINE
STATE/ZIP : MI 48176
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.53400
----------------------------------------------------------------
0 0031134893 MORTGAGORS: ELLIS JOHN
ELLIS LORI
REGION CODE ADDRESS : 7 HILLMONT TERRACE
01 CITY : COLTS NECK
STATE/ZIP : NJ 08807
MORTGAGE AMOUNT : 318,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,030.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.42700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,283,250.00
P & I AMT: 16,431.79
UPB AMT: 2,281,445.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031135197 MORTGAGORS: WYLIE ROBERT
WYLIE SADY
REGION CODE ADDRESS : 2013 GOODWIN AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031135973 MORTGAGORS: TEITLER DAVID
REGION CODE ADDRESS : 2435 BEDFORD STREET # 17B
01 CITY : STAMFORD
STATE/ZIP : CT 06905
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,033.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031136047 MORTGAGORS: CALCAGNINI NINA
CALCAGNINI ARTHUR
REGION CODE ADDRESS : 47 EAST 88TH STREET #2C
01 CITY : NEW YORK
STATE/ZIP : NY 10128
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 41.84100
----------------------------------------------------------------
0 0031136278 MORTGAGORS: BLANKENSHIP ROY
BLANKENSHIP DEBRA
REGION CODE ADDRESS : 10600 INDIGO BROOM LOOP
01 CITY : AUSTIN
STATE/ZIP : TX 78733
MORTGAGE AMOUNT : 284,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,733.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031136526 MORTGAGORS: MADDEN JOHN
MADDEN HOLLY
REGION CODE ADDRESS : 20661 MEADOW LN
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 47.18400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,350.00
P & I AMT: 11,476.20
UPB AMT: 1,628,335.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031136732 MORTGAGORS: WALKER MARK
REGION CODE ADDRESS : 20307 TERRA BIANCA
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78258
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,346.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.69230
----------------------------------------------------------------
0 0031136849 MORTGAGORS: CHEUNG KAM
SUN JOANNIE
REGION CODE ADDRESS : 152 HOYT FARM ROAD
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031136922 MORTGAGORS: BROOKS THERESA
REGION CODE ADDRESS : 3122 WESLEY AVENUE
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,614.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.12700
----------------------------------------------------------------
0 0031136930 MORTGAGORS: GLEI GREGORY
GLEI SUSAN
REGION CODE ADDRESS : 620 LIMEKILN ROAD
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,144.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.83000
----------------------------------------------------------------
0 0031136963 MORTGAGORS: WEIN LINDA
REGION CODE ADDRESS : 20100 SWEET MEADOW LANE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 268,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.54600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,695,300.00
P & I AMT: 11,840.78
UPB AMT: 1,693,087.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031137375 MORTGAGORS: LESNIAK RICHARD
REGION CODE ADDRESS : 3716 E. KENT DR
01 CITY : PHOENIX
STATE/ZIP : AZ 85044
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,952.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.97310
----------------------------------------------------------------
0 0031137540 MORTGAGORS: SULLIVAN THEODORE
SULLIVAN BRENDA
REGION CODE ADDRESS : 306 WASHINGTON LANE
01 CITY : FORT WASHINGTON
STATE/ZIP : PA 19034
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031137847 MORTGAGORS: MCCLAIN WALTER
MCCLAIN CATHERINE
REGION CODE ADDRESS : 6 SEABURY LANE
01 CITY : WESTERLY
STATE/ZIP : RI 02891
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.36700
----------------------------------------------------------------
0 0031138084 MORTGAGORS: BROWNING WILLIAM
BROWNING BETTY
REGION CODE ADDRESS : 18 LOG LANDING ROAD
01 CITY : SAVANNAH
STATE/ZIP : GA 31411
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.44600
----------------------------------------------------------------
0 0031138357 MORTGAGORS: FEEHAN DANIEL
FEEHAN ADRIANNE
REGION CODE ADDRESS : 9632 SOUTH JAMES CIRCLE
01 CITY : VILLA PARK
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,902.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,390,400.00
P & I AMT: 9,836.18
UPB AMT: 1,388,265.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031138829 MORTGAGORS: UNDERWOOD DAVID
UNDERWOOD ANISSA
REGION CODE ADDRESS : 31 HARPER COVE
01 CITY : JACKSON
STATE/ZIP : TN 38305
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,581.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031139173 MORTGAGORS: LEE STEPHEN
LEE KAREN
REGION CODE ADDRESS : 830 CABRILLO AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,491.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031139181 MORTGAGORS: GHARIBANS EDMOND
GHARIBANS ARMINEH
REGION CODE ADDRESS : 18544 BRYMER STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,494.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,203.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.78000
----------------------------------------------------------------
0 0031139249 MORTGAGORS: PRICE STEPHEN
PRICE STARLA
REGION CODE ADDRESS : 41600 ROUTT COUNTY ROAD #38A
01 CITY : STEAMBOAT SPRINGS
STATE/ZIP : CO 80477
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 624,092.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,423.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.81800
----------------------------------------------------------------
0 0031139298 MORTGAGORS: LE ROSALINE
LE EUGENIE
REGION CODE ADDRESS : 515 E HOME AVE.
01 CITY : PALATINE
STATE/ZIP : IL 60067
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,832.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,830,000.00
P & I AMT: 12,912.04
UPB AMT: 1,827,492.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031139744 MORTGAGORS: MACCHIO GREGORY
NAVARRO ROSA
REGION CODE ADDRESS : 11120 POWDER HORN DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,701.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,429.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031140288 MORTGAGORS: BLOOMFELD JAMES
BLOOMFELD DONNA
REGION CODE ADDRESS : 150 WILLOW GROVE DRIVE
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07738
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,558.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031140353 MORTGAGORS: GEARTY MICHAEL
GEARTY SARI
REGION CODE ADDRESS : 6081 JASON WOOD DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 260,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,892.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.72200
----------------------------------------------------------------
0 0031140486 MORTGAGORS: OWEN AMY
REGION CODE ADDRESS : 5809 MARRIETTA DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 103,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,874.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 735.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.96400
----------------------------------------------------------------
0 0031140494 MORTGAGORS: BERRY LYN
MILLETT LES
REGION CODE ADDRESS : 733 CONTRA COSTA AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,249.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.68600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,362,450.00
P & I AMT: 9,603.20
UPB AMT: 1,360,276.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031140502 MORTGAGORS: GOMEZ KENNETH
GOMEZ LORINDA
REGION CODE ADDRESS : 217 REDWOOD DRIVE
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,647.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.80000
----------------------------------------------------------------
0 0031140627 MORTGAGORS: FITZPATRICK J
REGION CODE ADDRESS : 170 COLD MOUNTAIN ROAD
01 CITY : LAKE TOXAWAY
STATE/ZIP : NC 28747
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,688.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031140775 MORTGAGORS: ESSNER ROBERT
ESSNER ANNE
REGION CODE ADDRESS : 2 VAN BEUREN ROAD
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 999,239.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,906.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 57.14200
----------------------------------------------------------------
0 0031140817 MORTGAGORS: KLAHR CAROL
JOHNSON LEE
REGION CODE ADDRESS : 6332 FORESTER DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,465.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.85000
----------------------------------------------------------------
0 0031141005 MORTGAGORS: BAJDA MARTIN
BAJDA ANTOINETTE
REGION CODE ADDRESS : 663 SPINDRIFT WAY
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,635.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,085,000.00
P & I AMT: 14,658.14
UPB AMT: 2,080,675.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031141039 MORTGAGORS: BROWN J
BROWN PATTI
REGION CODE ADDRESS : 166 MONTCLAIR AVENUE
01 CITY : MONTCLAIR
STATE/ZIP : NJ 07042
MORTGAGE AMOUNT : 285,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,245.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.68600
----------------------------------------------------------------
0 0031141211 MORTGAGORS: GARDNER PIERCE
GARDNER KATHLEEN
REGION CODE ADDRESS : 13108 OTSEGO
01 CITY : LOS ANGELES
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,523.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031141674 MORTGAGORS: GRAY PAUL
GRAY MARILYN
REGION CODE ADDRESS : 10826 BETHANY PLACE
01 CITY : EADS
STATE/ZIP : TN 38028
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,295.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031141732 MORTGAGORS: LAWRENCE ANDREA
REGION CODE ADDRESS : 26 MEEKER COURT
01 CITY : NORWALK
STATE/ZIP : CT 06853
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,870.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.46300
----------------------------------------------------------------
0 0031141989 MORTGAGORS: ROBERTS GARY
HOPPE REBECCA
REGION CODE ADDRESS : 451 ESTATES DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,861.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,350.00
P & I AMT: 10,103.93
UPB AMT: 1,428,796.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031142128 MORTGAGORS: HOWE GREG
HOWE BARBARA
REGION CODE ADDRESS : 3334 SOUTH BLUE RIDGE COURT
01 CITY : CITY OF THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,511.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,558.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.56338
----------------------------------------------------------------
0 0031142227 MORTGAGORS: PARKS RODNEY
PARKS KAREN
REGION CODE ADDRESS : 6336 EAST PLAYER CIRCLE
01 CITY : MESA
STATE/ZIP : AZ 85215
MORTGAGE AMOUNT : 242,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,732.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031142946 MORTGAGORS: MOZER EDWARD
MOZER MELISSA
REGION CODE ADDRESS : 2011 WILD DUNES CIRCLE
01 CITY : KATY
STATE/ZIP : TX 77450
MORTGAGE AMOUNT : 286,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,082.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031142979 MORTGAGORS: CHAMBLIN STUART
CHAMBLIN NANCY
REGION CODE ADDRESS : 4865 PRINCETON AVENUE
01 CITY : MEMPHIS
STATE/ZIP : TN 38117
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,786.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.57300
----------------------------------------------------------------
0 0031142987 MORTGAGORS: MCCURLEY MARK
MCCURLEY PAMELA
REGION CODE ADDRESS : 53 WYNDEN OAKS DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77056
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,722.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,520.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.49400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,200.00
P & I AMT: 9,554.91
UPB AMT: 1,368,835.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031143019 MORTGAGORS: MCDERMOTT JAMES
MCDERMOTT HYON-JUNG
REGION CODE ADDRESS : 5508 VAN WINKLE LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78739
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,870.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031143043 MORTGAGORS: KUNDRA ARUN
KUNDRA MANJU
REGION CODE ADDRESS : 115 GEORGES LANE
01 CITY : MONROE
STATE/ZIP : CT 06468
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,762.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031143050 MORTGAGORS: GINSBURG MICHAEL
GINSBURG DANIELLE
REGION CODE ADDRESS : 2720 CARMEL DRIVE
01 CITY : CARROLLTON
STATE/ZIP : TX 75006
MORTGAGE AMOUNT : 152,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 152,686.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,068.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031143076 MORTGAGORS: VANESIAN BRYAN
REGION CODE ADDRESS : 5605 OAK STREET
01 CITY : WRIGHTWOOD
STATE/ZIP : CA 92397
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031143092 MORTGAGORS: SEKINS K.
MARSHALL JOAN
REGION CODE ADDRESS : 13212 COURTLAND TERRACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,273.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.53100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,301,000.00
P & I AMT: 9,170.85
UPB AMT: 1,299,381.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031143183 MORTGAGORS: SWANTY JEFFREY
SWANTY RUTH
REGION CODE ADDRESS : 355 TURMAN DRIVE
01 CITY : FT. COLLINS
STATE/ZIP : CO 80525
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031143217 MORTGAGORS: MASTER DEMITRIOS
MASTER CONSTANTINA
REGION CODE ADDRESS : 22360-62 MCCLELLAN ROAD
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031143282 MORTGAGORS: MC GUFFIN WILLIAM
MC GUFFIN DONNA
REGION CODE ADDRESS : 8231 MARSH POINT COURT
01 CITY : MONTGOMERY
STATE/ZIP : AL 36117
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,419.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.21000
----------------------------------------------------------------
0 0031143373 MORTGAGORS: YOUNG WILLIAM
HAGERMAN JUDITH
REGION CODE ADDRESS : 9250 MEETZE ROAD
01 CITY : WARRENTON
STATE/ZIP : VA 20187
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,831.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031143399 MORTGAGORS: FITZSIMMONS JAMES
FITZSIMMONS VERNA
REGION CODE ADDRESS : 825 ROCK CREEK DRIVE
01 CITY : AURORA
STATE/ZIP : OH 44202
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,826.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,511.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,400.00
P & I AMT: 11,028.60
UPB AMT: 1,592,302.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031143407 MORTGAGORS: EVANS TAZ
EVANS KATHRYN
REGION CODE ADDRESS : 2650 EAST SOUTHERN AVENUE
01 CITY : MESA
STATE/ZIP : AZ 85204
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031143472 MORTGAGORS: SANTELISES RAY
OTIS MARGARET
REGION CODE ADDRESS : 31 SEVEN OAKS ROAD
01 CITY : MONROE
STATE/ZIP : NY 10950
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031143530 MORTGAGORS: KROENING JOHN
KROENING LISA
REGION CODE ADDRESS : 59 OYSTER LANDING LANE
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,097.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,350.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031143548 MORTGAGORS: BALITSKI IAN
VIDIACHEVA ELENA
REGION CODE ADDRESS : 264 TAZEWELL STREET
01 CITY : NORFOLK
STATE/ZIP : VA 23510
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.72800
----------------------------------------------------------------
0 0031143555 MORTGAGORS: DEEGAN PATRICK
DEEGAN CORINNE
REGION CODE ADDRESS : 55 VARSITY BOULEVARD
01 CITY : SOUTH SETAUKET
STATE/ZIP : NY 11733
MORTGAGE AMOUNT : 265,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,157.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,850.00
P & I AMT: 11,889.62
UPB AMT: 1,659,186.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031143589 MORTGAGORS: LEJUNE DANA
LEJUNE TAMMY
REGION CODE ADDRESS : 2703 ALBANS RD
01 CITY : W.UNIVERSITY PLACE
STATE/ZIP : TX 77005
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031143613 MORTGAGORS: TAKAGI HAJIME
TAKAGI YUKO
REGION CODE ADDRESS : 2857 QUEENS COURTYARD DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NJ 89109
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,213.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 43.63600
----------------------------------------------------------------
0 0031143985 MORTGAGORS: DURHAM KEVIN
DURHAM CYNTHIA
REGION CODE ADDRESS : 9707 RIDER COURT
01 CITY : FORT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 232,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,771.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.36500
----------------------------------------------------------------
0 0031144298 MORTGAGORS: UNGER NICHOLAS
UNGER SHERYL
REGION CODE ADDRESS : 2050 MEADOW SPRINGS DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 245,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,927.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031144306 MORTGAGORS: OCONNELL DANIEL
OCONNELL CRONAN
REGION CODE ADDRESS : 2708 REMINGTON ROAD
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,349.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,800.00
P & I AMT: 10,289.52
UPB AMT: 1,464,949.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031144363 MORTGAGORS: BEAULIEU TIMOTHY
BEAULIEU RITA
REGION CODE ADDRESS : 22 PEPPERTREE COURT
01 CITY : MARIETTA
STATE/ZIP : GA 30068
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031144371 MORTGAGORS: TROSCIANECKI THEODORE
TROSCIANECKI TAMI
REGION CODE ADDRESS : 6618 SMITH TRACE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,756.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031144405 MORTGAGORS: PEACOCK FOULIS
PEACOCK VIRGINIA
REGION CODE ADDRESS : 90 SUTTON ROAD
01 CITY : TEWKSBURY TOWNSHIP
STATE/ZIP : NJ 07830
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,407.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,733.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031144603 MORTGAGORS: WEBB SHELTON
WEBB MARY
REGION CODE ADDRESS : 127 FAIRWAY LANE
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,137.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.10100
----------------------------------------------------------------
0 0031144942 MORTGAGORS: CHATLIN EDWARD
CHATLIN PATRICIA
REGION CODE ADDRESS : 495 ANITA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,387.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 53.39800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,900.00
P & I AMT: 10,714.93
UPB AMT: 1,495,352.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031144983 MORTGAGORS: MATSUOKA RYAN
MATSUOKA LINDA
REGION CODE ADDRESS : 32 DIAMANTE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 245,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,884.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031144991 MORTGAGORS: WESSELL LEONARD
WESSELL AMY
REGION CODE ADDRESS : 2205 TOPAZ DRIVE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 413,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,014.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,963.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031145170 MORTGAGORS: GOLDSTEIN JEFFREY
SMILAN LISA
REGION CODE ADDRESS : 2 ANTIGONE COURT
01 CITY : NORTH POTOMAC
STATE/ZIP : MD 20878
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 : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031145220 MORTGAGORS: PATERSON DAVID
PATERSON CATHERINE
REGION CODE ADDRESS : 450 SARGENT ROAD
01 CITY : BOXBOROUGH
STATE/ZIP : MA 01719
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,781.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,124.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.24900
----------------------------------------------------------------
0 0031145246 MORTGAGORS: WEISS RICHARD
HARMON-WEISS SANDRA
REGION CODE ADDRESS : 6640 OCEAN DRIVE SOUTH
01 CITY : AVALON
STATE/ZIP : NJ 08202
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,650.00
P & I AMT: 11,048.80
UPB AMT: 1,561,025.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031145253 MORTGAGORS: COOK ARTHUR
REGION CODE ADDRESS : 427 NARCISSUS AVENUE
01 CITY : CORONA DEL MAR
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,625.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031145295 MORTGAGORS: YAGER THOMAS
YAGER GAIL
REGION CODE ADDRESS : 8522 IDYLWOOD MEWS COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,451.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,772.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031145311 MORTGAGORS: NGUYEN HIEN
PHAM LOAN-ANH
REGION CODE ADDRESS : 3587 CEDAR BROOK DRIVE
01 CITY : ROCHESTER HILLS
STATE/ZIP : MI 48309
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031145329 MORTGAGORS: ROONEY JOHN
ROONEY GLORIA
REGION CODE ADDRESS : 10431 NORTH 55TH PLACE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,803.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031145493 MORTGAGORS: FLEMING MELVIN
FLEMING SHARI
REGION CODE ADDRESS : 26150 N 92ND AVENUE
01 CITY : PEORIA
STATE/ZIP : AZ 85382
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,898,000.00
P & I AMT: 13,389.86
UPB AMT: 1,896,340.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031145550 MORTGAGORS: RIDLON KHELEY
RIDLON MELANIE
REGION CODE ADDRESS : 8021 BLERIOT AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,826.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031145758 MORTGAGORS: FROEHLICH MICHAEL
FROEHLICH TRACY
REGION CODE ADDRESS : 66 ELM AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 296,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,274.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.02600
----------------------------------------------------------------
0 0031146103 MORTGAGORS: BURDEI ISRAEL
BURDEI HELEN
REGION CODE ADDRESS : 16 OVERLOOK DRIVE
01 CITY : HOLMDEL
STATE/ZIP : NJ 07733
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031146186 MORTGAGORS: POPE ROBIN
POPE PATRICE
REGION CODE ADDRESS : 6472 LAKE MEADOW DRIVE
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 362,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,280.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,535.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031146954 MORTGAGORS: FEINBERG BRADLEY
FEINBERG SUZANNE
REGION CODE ADDRESS : 12345 N. 129TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,787.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,421,050.00
P & I AMT: 9,957.90
UPB AMT: 1,419,999.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031147127 MORTGAGORS: BRADY TIMOTHY
BRADY KATHLEEN
REGION CODE ADDRESS : 28164 ANGELICA PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 246,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,867.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.99400
----------------------------------------------------------------
0 0031147291 MORTGAGORS: BLAIR PAMELA
REGION CODE ADDRESS : 11-10 JACKSON AVENUE
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 137,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,500.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 973.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031147358 MORTGAGORS: L'HERNAULT SUZANNE
REGION CODE ADDRESS : 170 IRVING AVENUE
01 CITY : SOUTH ORANGE
STATE/ZIP : NJ 07079
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,299.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.50900
----------------------------------------------------------------
0 0031147390 MORTGAGORS: BUSHNELL CHRISTOPHER
BUSHNELL CYNTHIA
REGION CODE ADDRESS : 39 RANDY DRIVE
01 CITY : MADISON
STATE/ZIP : CT 06443
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.51340
----------------------------------------------------------------
0 0031147432 MORTGAGORS: RICKS MICHAEL
RICKS ANTONIA
REGION CODE ADDRESS : 7889 DRAKE ALCOVE
01 CITY : WOODBURY
STATE/ZIP : MN 55125
MORTGAGE AMOUNT : 231,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.17000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,242,250.00
P & I AMT: 8,681.80
UPB AMT: 1,241,493.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031147481 MORTGAGORS: PERNA TIMOTHY
PERNA MADELEINE
REGION CODE ADDRESS : 26 GINESI DRIVE
01 CITY : HOWELL TOWNSHIP
STATE/ZIP : NJ 07731
MORTGAGE AMOUNT : 255,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,824.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031147531 MORTGAGORS: BRODERDORF MICHAEL
BRODERDORF ALICE
REGION CODE ADDRESS : 7978 GURNEY COURT
01 CITY : APPLE VALLEY
STATE/ZIP : MN 55124
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031147549 MORTGAGORS: KUTTRUS MARK
REGION CODE ADDRESS : 11789 INDIAN RIDGE ROAD
01 CITY : RESTON
STATE/ZIP : VA 20191
MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,910.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 877.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031147739 MORTGAGORS: ZUVELA ROBERT
ZUVELA JANA
REGION CODE ADDRESS : 16514 MIRA FLORES COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,629.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.66600
----------------------------------------------------------------
0 0031148042 MORTGAGORS: CHASE CHERYLE
REGION CODE ADDRESS : 19 STERN STREET
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 147,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 146,791.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,053.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.33400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,066,900.00
P & I AMT: 7,583.89
UPB AMT: 1,064,944.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031148422 MORTGAGORS: MAIO ANTHONY
MAIO CARMELA
REGION CODE ADDRESS : 29 JAMES BRITE CIRCLE
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,570.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,751.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031148471 MORTGAGORS: O'LEARY DANIEL
WEI CHRISTINA
REGION CODE ADDRESS : 2 OLD MEADOW LANE
01 CITY : HARVARD
STATE/ZIP : MA 01451
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0031148521 MORTGAGORS: SCARANO NICK
SCARANO LORRAINE
REGION CODE ADDRESS : 821 CALLE COMPO
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,599.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.90900
----------------------------------------------------------------
0 0031148539 MORTGAGORS: STIFF DUANE
STIFF CAROL
REGION CODE ADDRESS : 328 AVENIDA SANTA MARGARITA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 279,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,431.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031148554 MORTGAGORS: O'BRIEN PATRICIA
REGION CODE ADDRESS : HC 75 BOX 313
01 CITY : LAMY
STATE/ZIP : NM 87540
MORTGAGE AMOUNT : 582,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 581,154.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,119.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.57800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,181,650.00
P & I AMT: 15,237.98
UPB AMT: 2,179,400.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031148604 MORTGAGORS: MANILLA BRADLEY
MANILLA JULI
REGION CODE ADDRESS : 1094 PONTE VEDRA BLVD
01 CITY : PONTE VEDRA BEACH
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 310,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,336.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031148679 MORTGAGORS: ALTMAN JOSEPH
ALTMAN AMY
REGION CODE ADDRESS : 12 BULLMOOSE RUN
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 232,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,439.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.53300
----------------------------------------------------------------
0 0031148729 MORTGAGORS: ZINITI ROBERT
ZINITI LISA
REGION CODE ADDRESS : 3 STEEPLE CHASE LANE
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.74400
----------------------------------------------------------------
0 0031148802 MORTGAGORS: O'KEEFE EILEEN
REGION CODE ADDRESS : 172 EAST ATTERIDGE ROAD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,161.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031149214 MORTGAGORS: HILL RICHARD
REGION CODE ADDRESS : 83 DORCHESTER DRIVE
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 267,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,990.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.46900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,000.00
P & I AMT: 10,079.60
UPB AMT: 1,395,927.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031149289 MORTGAGORS: JULIAN LOWELL
JULIAN RANDY
REGION CODE ADDRESS : 201 2ND STREET
01 CITY : EXCELSIOR
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,763.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.94900
----------------------------------------------------------------
0 0031149487 MORTGAGORS: MERSON MELISSA
ELLISON HARRY
REGION CODE ADDRESS : 219 NORTH GARFIELD ST
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 338,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,248.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.22200
----------------------------------------------------------------
0 0031149511 MORTGAGORS: KELLY MICHAEL
REGION CODE ADDRESS : 1104 SNOWBERRY DRIVE
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,984.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031149537 MORTGAGORS: GORDON DOUGLAS
GORDON LORI
REGION CODE ADDRESS : 2254 GRANITE PLACE
01 CITY : WALDORF
STATE/ZIP : MD 20602
MORTGAGE AMOUNT : 236,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,383.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031149651 MORTGAGORS: BOAZ CHARLES
REGION CODE ADDRESS : 5155 GAGNE COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,168.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,522,950.00
P & I AMT: 10,593.62
UPB AMT: 1,521,547.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031149750 MORTGAGORS: SAWYER MARK
SAWYER NANCY
REGION CODE ADDRESS : 16 MCAFFE FARM ROAD
01 CITY : BEDFORD
STATE/ZIP : NH 03110
MORTGAGE AMOUNT : 368,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,319.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031149834 MORTGAGORS: DEROSA ANTONIO
DEROSA ASPASIA
REGION CODE ADDRESS : 3 MARTIN COURT
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,845.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031149891 MORTGAGORS: MONICAL JERRY
MONICAL WENDY
REGION CODE ADDRESS : 6009 WALDHAM GROVE LANE
01 CITY : BRYAN
STATE/ZIP : TX 77802
MORTGAGE AMOUNT : 92,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 92,655.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 697.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031149941 MORTGAGORS: BERMAN PETER
WEINER ROBIN
REGION CODE ADDRESS : 5 BEAVER DAM ROAD
01 CITY : COLTS NECK
STATE/ZIP : NJ 07722
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,326.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,104.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031149974 MORTGAGORS: CUNNINGHAM JAMES
CUNNINGHAM JOAN
REGION CODE ADDRESS : 102 GREAT OAK DRIVE
01 CITY : DOWNINGTOWN
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,231.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,200.00
P & I AMT: 10,653.69
UPB AMT: 1,458,378.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031149982 MORTGAGORS: MINERVINI JOSEPH
MINERVINI MARGARET
REGION CODE ADDRESS : 316 STILL RIVER ROAD
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,699.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
0 0031150022 MORTGAGORS: FLOECK FREDERICK
FLOECK BRENDA
REGION CODE ADDRESS : 2128 INVERNESS
01 CITY : BERWYN
STATE/ZIP : PA 19312
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,746.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.87500
----------------------------------------------------------------
0 0031150063 MORTGAGORS: GALLAGHER WILLIAM
GALLAGHER PHYLLIS
REGION CODE ADDRESS : 324 HOLMECREST ROAD
01 CITY : ABINGTON
STATE/ZIP : PA 19046
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,563.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031150071 MORTGAGORS: MILLER DARIN
MILLER BARBARA
REGION CODE ADDRESS : 3220 WINDSONG
01 CITY : ROCKFORD
STATE/ZIP : IL 61114
MORTGAGE AMOUNT : 269,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031150246 MORTGAGORS: GRIGORYANTS RUBEN
GRIGORYANTS ANZHELA
REGION CODE ADDRESS : 1023 CALLE CONTENTO
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.81800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,616,800.00
P & I AMT: 11,328.22
UPB AMT: 1,615,570.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031150345 MORTGAGORS: WINTER MATTHEW
LEHMAN JANE
REGION CODE ADDRESS : 21 LEDYARD ROAD
01 CITY : WEST HARTFORD
STATE/ZIP : CT 06117
MORTGAGE AMOUNT : 332,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,533.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031150477 MORTGAGORS: JONES JENNY
MATTHEWS MARK
REGION CODE ADDRESS : 143 CONCORD ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031150485 MORTGAGORS: COHEN PRISCILLA
WEINER ANTHONY
REGION CODE ADDRESS : 29 CLIFF STREET
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.68200
----------------------------------------------------------------
0 0031150576 MORTGAGORS: DETWILER WILLIAM
REGION CODE ADDRESS : 145 EAST 63RD STREET
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 499,999.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,272.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 26.31573
----------------------------------------------------------------
0 0031150725 MORTGAGORS: LELAND BRADLEY
LELAND KOMAKO
REGION CODE ADDRESS : 5209 CROWN AVENUE
01 CITY : LA CANADA
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 398,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,760.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,684.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,751,199.00
P & I AMT: 12,056.81
UPB AMT: 1,749,364.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031151202 MORTGAGORS: BARR STEVEN
BARR KAREN
REGION CODE ADDRESS : 4325 AUBURN DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,319.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031151475 MORTGAGORS: MATTHEWS DAN
MATTHEWS ELISA
REGION CODE ADDRESS : 7801 LAKE WHEELER ROAD
01 CITY : RALEIGH
STATE/ZIP : NC 27603
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031152101 MORTGAGORS: BAIN ROBERT
BAIN MARSHA
REGION CODE ADDRESS : 17641 PARLANGE PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031152317 MORTGAGORS: BAKER PHILIP
BAKER JANE
REGION CODE ADDRESS : 546 CANYON DRIVE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,733.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 43.75000
----------------------------------------------------------------
0 0031152366 MORTGAGORS: DE CARVALHO JOAO
REGION CODE ADDRESS : 1575 BREAKWATER TERRACE
01 CITY : HOLLYWOOD
STATE/ZIP : FL 33019
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,565.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,559,000.00
P & I AMT: 10,926.20
UPB AMT: 1,557,395.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031152390 MORTGAGORS: NICHOLS DAVID
ZIRKELBACH GRACE
REGION CODE ADDRESS : 3250 SOUTH DETROIT STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031152523 MORTGAGORS: ROBINSON STEPHEN
ROBINSON MARILYN
REGION CODE ADDRESS : 5461 MARLSTONE LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,684.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.96700
----------------------------------------------------------------
0 0031152531 MORTGAGORS: CARDER ELIZABETH
REGION CODE ADDRESS : 2063 LOMBARD STREET
01 CITY : PHILDELPHIA
STATE/ZIP : PA 19146
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031152648 MORTGAGORS: SNOVER JAMES
SNOVER DONNA
REGION CODE ADDRESS : 4205 E CORNWALL AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,441.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.75757
----------------------------------------------------------------
0 0031152697 MORTGAGORS: CLEARY MARGARET
REGION CODE ADDRESS : 425 TERRY LANE
01 CITY : SOUTHHOLD
STATE/ZIP : NY 11971
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,700,000.00
P & I AMT: 12,069.13
UPB AMT: 1,698,942.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031152747 MORTGAGORS: BARRON BRUCE
BARRON CAROL
REGION CODE ADDRESS : 3444 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,282.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031152887 MORTGAGORS: HORAK JERRY
CROWLEY-HORAK EILEEN
REGION CODE ADDRESS : 164 LEEDS COURT
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 228,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,317.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,539.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.19500
----------------------------------------------------------------
0 0031153034 MORTGAGORS: MADONIA MARTIN
MADONIA SUSAN
REGION CODE ADDRESS : 724 EUCLID AVENUE
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,791.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.41100
----------------------------------------------------------------
0 0031153265 MORTGAGORS: COLEMAN BERNARD
REGION CODE ADDRESS : 7181 NE 8TH DRIVE
01 CITY : BOCA RATON
STATE/ZIP : FL 33487
MORTGAGE AMOUNT : 528,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 527,252.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,782.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031153406 MORTGAGORS: GAMBER TIMOTHY
GAMBER JUDY
REGION CODE ADDRESS : 3765 CROSS CREEK ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,544.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.73900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,000.00
P & I AMT: 11,880.46
UPB AMT: 1,673,187.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031153505 MORTGAGORS: BEATY JERRY
BEATY JANIE SUE
REGION CODE ADDRESS : RT3 BOX 100-1
01 CITY : BOYD
STATE/ZIP : TX 76023
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,756.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031153604 MORTGAGORS: FLEISCHER CHARLES
FLEISCHER BARBARA
REGION CODE ADDRESS : 10265 GAINSBOROUGH ROAD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 306,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,972.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,140.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.84300
----------------------------------------------------------------
0 0031153737 MORTGAGORS: BOOKMAN ROBERT
BOOKMAN PRISCILLA
REGION CODE ADDRESS : 1779 KANAWHA TRAIL
01 CITY : STONE MOUNTAIN
STATE/ZIP : GA 30087
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,727.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,427.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.66900
----------------------------------------------------------------
0 0031153943 MORTGAGORS: LAX ROBERT
LAX TERRI
REGION CODE ADDRESS : 4807 OLD TIMBER RIDGE ROAD
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 371,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,788.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,437.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031154032 MORTGAGORS: MILLS ROBERT
MILLS DEBRA
REGION CODE ADDRESS : 308 VIA COLUSA
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.71400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,756,300.00
P & I AMT: 12,152.83
UPB AMT: 1,754,942.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031154180 MORTGAGORS: COLLARD LISA
GILMORE PETER
REGION CODE ADDRESS : 88 SURREY AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031154552 MORTGAGORS: STOCKMAN DEREK
STOCKMAN JEANNE
REGION CODE ADDRESS : 8905 DAY LILY COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 285,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,116.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031154701 MORTGAGORS: MILLER DONALD
MILLER PATRICIA
REGION CODE ADDRESS : 2856 COX NECK ROAD
01 CITY : CHESTER
STATE/ZIP : MD 21619
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,741.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.27200
----------------------------------------------------------------
0 0031154719 MORTGAGORS: SINGER KIMBERLY
REGION CODE ADDRESS : 1655 CHESTNUT STREET #303
01 CITY : SAN FRANSISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,031.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031154800 MORTGAGORS: NGUYEN KHANH
NGYUEN HANH
REGION CODE ADDRESS : 540 DUNDEE AVE.
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,748.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,550.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.74400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,443,550.00
P & I AMT: 9,951.17
UPB AMT: 1,442,250.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031154909 MORTGAGORS: ZACHARIAS ANDREW
CHALK WENDY
REGION CODE ADDRESS : 285 AUBURN DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 233,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,139.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0031154990 MORTGAGORS: CORBO RAYMOND
CORBO DENISE
REGION CODE ADDRESS : 43881 FELICITY PLACE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031155013 MORTGAGORS: MCLENNAN FIONA
MCLENNAN SCOTT
REGION CODE ADDRESS : 75 VAN BUREN DRIVE
01 CITY : CENTERPORT
STATE/ZIP : NY 11721
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031155039 MORTGAGORS: RYE DALE
RYE NANCY
REGION CODE ADDRESS : 28 OLD FORGE LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 274,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,601.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031155138 MORTGAGORS: HUSTON BEN
HUSTON DIANA
REGION CODE ADDRESS : ROUTE 4 BOX 494 B
01 CITY : SANGER
STATE/ZIP : TX 76266
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,235,300.00
P & I AMT: 8,762.94
UPB AMT: 1,234,591.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031155161 MORTGAGORS: WHITE TROY
WHITE SHARON
REGION CODE ADDRESS : 3151 STONE VALLEY RD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,570.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031155229 MORTGAGORS: SCHUBERT,III ALFRED
SCHUBERT RUTH
REGION CODE ADDRESS : 179 BLACK POWDER CIRCLE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,721.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,725.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
0 0031155401 MORTGAGORS: O'BRIEN GEORGE
O'BRIEN NINA
REGION CODE ADDRESS : 2219 BENECIA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,753.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.20900
----------------------------------------------------------------
0 0031155567 MORTGAGORS: EL BAYAR HISHAM
QUINTANA KATHY
REGION CODE ADDRESS : 3401 SEABREEZE LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,166.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,915.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031156607 MORTGAGORS: MARKS GRAHAM
MARKS DENISE
REGION CODE ADDRESS : 1 ORCHARD LANE
01 CITY : TOPSFIELD
STATE/ZIP : MA 01983
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,833,000.00
P & I AMT: 12,875.03
UPB AMT: 1,831,018.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031156748 MORTGAGORS: STOLTENBERG CID
REGION CODE ADDRESS : 5112 VANDERHILL ROAD
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,584.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031156839 MORTGAGORS: D'AMICO THOMAS
SULZER RANDALL
REGION CODE ADDRESS : 3644 CURTIS STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,727.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,380.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.50500
----------------------------------------------------------------
0 0031156920 MORTGAGORS: BROWN WAYNE
BROWN MADELINE
REGION CODE ADDRESS : 1174 NORTH OAKMONT LANE
01 CITY : PROVO
STATE/ZIP : UT 84604
MORTGAGE AMOUNT : 242,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,374.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 81.39200
----------------------------------------------------------------
0 0031156953 MORTGAGORS: JOHNSON WADE
JOHNSON WANDA
REGION CODE ADDRESS : 2413 HIGHGATE DRIVE
01 CITY : MCKINNEY
STATE/ZIP : TX 75070
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031156979 MORTGAGORS: ZITO THOMAS
ZITO HOPE
REGION CODE ADDRESS : 4 EVELYN PLACE
01 CITY : ROCKAWAY
STATE/ZIP : NJ 07866
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.86500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,550.00
P & I AMT: 9,431.62
UPB AMT: 1,347,513.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031156995 MORTGAGORS: BOOKER BEN
REGION CODE ADDRESS : 6901 FALLSBROOK COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,501.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031157001 MORTGAGORS: HUNTER DAVID
TAN SHIRLEY
REGION CODE ADDRESS : 15 MYRICK LANE
01 CITY : HARVARD
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 83.69200
----------------------------------------------------------------
0 0031157019 MORTGAGORS: SCHNEIDER DAVID
SCHNEIDER ELIZABETH
REGION CODE ADDRESS : 9323 WISTER DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 231,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,922.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.26500
----------------------------------------------------------------
0 0031157126 MORTGAGORS: GREENE STEVEN
GREENE HELOISA
REGION CODE ADDRESS : 37 MOLLY PITCHER DRIVE
01 CITY : MANALAPAN TWP.
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 397,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,780.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.71500
----------------------------------------------------------------
0 0031157167 MORTGAGORS: FLINK GRANT
FLINK JUDITH
REGION CODE ADDRESS : 9119 LUNA AVENUE
01 CITY : MORTON GROVE
STATE/ZIP : IL 60053
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,815.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,900.00
P & I AMT: 9,978.02
UPB AMT: 1,394,889.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031157233 MORTGAGORS: PERRINO NICHOLAS
REGION CODE ADDRESS : 641 SERRANO LANE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 267,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,846.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031157282 MORTGAGORS: LUCIANO CHARLES
LUCIANO CATHERINE
REGION CODE ADDRESS : 2413 N.W. 49TH LANE
01 CITY : BOCA RATON
STATE/ZIP : FL 33431
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.72400
----------------------------------------------------------------
0 0031157308 MORTGAGORS: KRUEGER TRACI
WARNER PAUL
REGION CODE ADDRESS : 1117 HOWARD LANE
01 CITY : BELLAIRE
STATE/ZIP : TX 77401
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,806.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.47400
----------------------------------------------------------------
0 0031157316 MORTGAGORS: KANWAR RAJESH
REGION CODE ADDRESS : 693 ALPINE VIEW WAY
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,699.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,309.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031157324 MORTGAGORS: ARTMAN JOE
REGION CODE ADDRESS : 401 SEAWARD ROAD UNIT 8
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,799.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,312,050.00
P & I AMT: 9,219.78
UPB AMT: 1,310,934.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031157522 MORTGAGORS: HOCKER RHONDA
HOCKER ROBERT
REGION CODE ADDRESS : 104 OCCIDENTAL AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 547,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 546,604.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,871.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.35200
----------------------------------------------------------------
0 0031157530 MORTGAGORS: O'HARE RICHARD
O'HARE HEIDI
REGION CODE ADDRESS : 1208 KATHLEEN WAY
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 188,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,559.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,319.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031157605 MORTGAGORS: HURST WILLIAM
HURST JANE
REGION CODE ADDRESS : 7005 BULLICK BLUFF
01 CITY : AUSTIN
STATE/ZIP : TX 78732
MORTGAGE AMOUNT : 445,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,869.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,112.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.33600
----------------------------------------------------------------
0 0031157639 MORTGAGORS: STRAIGHT JEFFREY
STRAIGHT LANA
REGION CODE ADDRESS : 18 REMEDIOS ROAD
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,784.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.21000
----------------------------------------------------------------
0 0031157779 MORTGAGORS: BOLGARD ROGER
BOLGARD BARBARA
REGION CODE ADDRESS : VIZCAINO AVE. 9SW OF MOUNTAIN VIEW
01 CITY : CARMEL
STATE/ZIP : CA 93921
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,491.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 41.13900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,795,900.00
P & I AMT: 12,548.75
UPB AMT: 1,794,309.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031157928 MORTGAGORS: STONEY KEITH
STONEY JANIS
REGION CODE ADDRESS : 1016 EAST 1300 NORTH
01 CITY : AMERICAN FORK
STATE/ZIP : UT 84003
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,619.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031157951 MORTGAGORS: WEIR TRACY
REGION CODE ADDRESS : 651 14TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,740.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,533.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031158074 MORTGAGORS: SILVA FERNANDO
SILVA NORMA
REGION CODE ADDRESS : 9350 SW 92ND AVENUE
01 CITY : MIAMI
STATE/ZIP : FL 33176
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,829.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031158439 MORTGAGORS: FLOWERS MICHAEL
SHAW BARBARA
REGION CODE ADDRESS : 12900 GAGNE DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 309,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,320.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031158470 MORTGAGORS: PROVOST STEVEN
REGION CODE ADDRESS : 1025 ANCHOARAGE WOODS CR
01 CITY : ANCHORAGE
STATE/ZIP : KY 40223
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,751.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,427.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.57400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,550.00
P & I AMT: 10,644.29
UPB AMT: 1,503,261.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031158678 MORTGAGORS: MAGNUSSON BURREL
MAGNUSSON CONSTANCE
REGION CODE ADDRESS : 313 POPPY AVENUE
01 CITY : CORONA DEL MAT
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 528,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 527,598.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,646.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031158785 MORTGAGORS: GALWAY LIONEL
TRITT SUSAN
REGION CODE ADDRESS : 150 OCEAN PARK # 323
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031158850 MORTGAGORS: SECREST ALAN
SECREST AILEEN
REGION CODE ADDRESS : 506 RICHARDS LANE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22302
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031158868 MORTGAGORS: LURIE KEVIN
LURIE ELANA
REGION CODE ADDRESS : 6695 AYLESHIRE DRIVE
01 CITY : SOLON
STATE/ZIP : OH 44139
MORTGAGE AMOUNT : 267,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.79800
----------------------------------------------------------------
0 0031158983 MORTGAGORS: LANG ROBERT
REGION CODE ADDRESS : 11132 E BAYSHORE RD
01 CITY : DANBURY TOWNSHIP
STATE/ZIP : OH 43440
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,911,600.00
P & I AMT: 13,448.80
UPB AMT: 1,910,836.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031159015 MORTGAGORS: LINCOLN ASHBY
LINCOLN BRIDGET
REGION CODE ADDRESS : 408 COLONSAY DRIVE
01 CITY : DULUTH
STATE/ZIP : GA 30097
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031159023 MORTGAGORS: HANNAFORD CHRIS
HANNAFORD GAIL
REGION CODE ADDRESS : 29 TAMARACK TRAIL
01 CITY : WEYMOUTH
STATE/ZIP : MA 02190
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,814.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,563.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031159478 MORTGAGORS: FANN MICHAEL
REGION CODE ADDRESS : 450 WHETSTINE AVE
01 CITY : PRESCOTT
STATE/ZIP : AZ 86301
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,753.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,350.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.41900
----------------------------------------------------------------
0 0031159858 MORTGAGORS: CAMPBELL STEPHEN
REGION CODE ADDRESS : 503 PLAYA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,121.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.89000
----------------------------------------------------------------
0 0031159924 MORTGAGORS: STEVENS BRADLEY
STEVENS CHERYL
REGION CODE ADDRESS : 2263 FERNLERF COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,096.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,739,900.00
P & I AMT: 12,227.96
UPB AMT: 1,737,533.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031159957 MORTGAGORS: BERKOWITZ TRUST HELENE
REGION CODE ADDRESS : 405 E. 13TH ST., APT. 4S
01 CITY : NEW YORK
STATE/ZIP : NY 10009
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031160021 MORTGAGORS: SMITH ROBERT
PENDLETON NANCY
REGION CODE ADDRESS : 7046 NORTH THIRD STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85020
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,771.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.72000
----------------------------------------------------------------
0 0031160138 MORTGAGORS: DONOVAN JOSEPH
DONOVAN PATRICIA
REGION CODE ADDRESS : 65 TRANSVERSE ROAD
01 CITY : GARDEN CITY
STATE/ZIP : NY 11530
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,031.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031160609 MORTGAGORS: BURNAM MICHAEL
BURNAM JANICE
REGION CODE ADDRESS : 6060 S ARROWHEAD LAKE DR
01 CITY : COLUMBIA
STATE/ZIP : MO 65203
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,628.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031160773 MORTGAGORS: WEBSTER MARTIN
WEBSTER VALERIE
REGION CODE ADDRESS : 455 SERPENTINE DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,742.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,614.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 39.45946
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,775,200.00
P & I AMT: 12,516.38
UPB AMT: 1,773,173.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031160989 MORTGAGORS: WILEY RAYMOND
WILEY MASAE
REGION CODE ADDRESS : 16614 N. 104TH WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 236,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,979.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031161516 MORTGAGORS: MAJEWSKI JEFF
REGION CODE ADDRESS : 2816 BRENFIELD DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27606
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 48.14800
----------------------------------------------------------------
0 0031161607 MORTGAGORS: NGUYEN DUNG
NGUYEN SIEN
REGION CODE ADDRESS : 2164 CHARMGLOW COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,083.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031161755 MORTGAGORS: LAMBERT SCOTT
LAMBERT AMIE
REGION CODE ADDRESS : 5675 STONEHAVEN COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 417,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,009.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.23500
----------------------------------------------------------------
0 0031162050 MORTGAGORS: JACOBS STEPHEN
BRADFORD ELLEN
REGION CODE ADDRESS : 336 JUANITA WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,684.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,085.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.66100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,651,550.00
P & I AMT: 11,755.37
UPB AMT: 1,649,563.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031162134 MORTGAGORS: FROST LINDA
FROST FREDERICK
REGION CODE ADDRESS : 9321 QUERCUS DRIVE
01 CITY : REDLANDS AREA
STATE/ZIP : CA 92339
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,855.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031162175 MORTGAGORS: SANTANA BENJAMIN
SANTANA LOUISE
REGION CODE ADDRESS : 3067 WINDMILL CANYON DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 265,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,493.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031162191 MORTGAGORS: O'BRIEN SEAN
O'BRIEN STEHANIE
REGION CODE ADDRESS : 23122 GAINFORD STREET
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0031162225 MORTGAGORS: REISS RUSSEL
REISS ANGELA
REGION CODE ADDRESS : 6 HECKER COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,987.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97300
----------------------------------------------------------------
0 0031162258 MORTGAGORS: KERN JOHN
REGION CODE ADDRESS : 803 CALLE DE ARBOLES
01 CITY : CITY OF TORRANCE
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,147.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.57300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,550.00
P & I AMT: 9,990.75
UPB AMT: 1,391,485.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031162274 MORTGAGORS: BRUNK GRETCHEN
REGION CODE ADDRESS : 3103 PROMENADE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 243,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,087.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031162332 MORTGAGORS: NUNLEY CHRISTOPHER
NUNLEY LORI
REGION CODE ADDRESS : 14717 20TH DR N W
01 CITY : MARYSVILLE
STATE/ZIP : WA 98271
MORTGAGE AMOUNT : 264,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,315.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.58600
----------------------------------------------------------------
0 0031162431 MORTGAGORS: MORELAND WILLIAM
MORELAND ANNE
REGION CODE ADDRESS : 12773 VALLEY VIEW LANE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 340,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,792.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.02200
----------------------------------------------------------------
0 0031162449 MORTGAGORS: KEEVAN WAYNE
KEEVAN MARGARET
REGION CODE ADDRESS : 4531 GATETREE CIRCLE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,655.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.74700
----------------------------------------------------------------
0 0031162456 MORTGAGORS: MAKER SANDRA
MAKER DONALD
REGION CODE ADDRESS : 48 MICHAEL LANE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,136.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,596.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,520,650.00
P & I AMT: 10,736.64
UPB AMT: 1,515,987.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031162464 MORTGAGORS: HARKEY KEVIN
KELLEY-HARKEY SUSAN
REGION CODE ADDRESS : 6131 AVALON COURT
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,433.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,760.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031162555 MORTGAGORS: GOBEILLE DAVID
GOBEILLE CAROLYN
REGION CODE ADDRESS : 66311 BLACK HORSE LANE
01 CITY : BEND
STATE/ZIP : OR 97701
MORTGAGE AMOUNT : 622,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 621,618.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,459.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.38300
----------------------------------------------------------------
0 0031162571 MORTGAGORS: BISHOP LARRY
BISHOP SUSAN
REGION CODE ADDRESS : 842 ABEY DRIVE
01 CITY : GLEN ELLYN
STATE/ZIP : IL 60137
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,546.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.53259
----------------------------------------------------------------
0 0031162605 MORTGAGORS: REMMERT DONALD
REMMERT NANCY
REGION CODE ADDRESS : 9682 BROADMOOR DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,252.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031162670 MORTGAGORS: KWIATKOWSKI GARY
MACDONALD LISA
REGION CODE ADDRESS : 13959 RAVENWOOD DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.06900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,855,100.00
P & I AMT: 13,286.57
UPB AMT: 1,852,610.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031162696 MORTGAGORS: TESORO EDGAR
TESORO ANNETTE
REGION CODE ADDRESS : 2414 WAIPUA STREET
01 CITY : PAIA
STATE/ZIP : HI 96779
MORTGAGE AMOUNT : 341,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,246.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.61300
----------------------------------------------------------------
0 0031162753 MORTGAGORS: HALLORAN MARK
HALLORAN CYNTHIA
REGION CODE ADDRESS : 16718 DEVERONNE COURT
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 242,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,147.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.15400
----------------------------------------------------------------
0 0031162779 MORTGAGORS: LUEDER FREDERICK
LUEDER DEBRA
REGION CODE ADDRESS : 8343 HENDRIE
01 CITY : HUNTINGTON WOODS
STATE/ZIP : MI 48070
MORTGAGE AMOUNT : 272,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,002.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.05000
----------------------------------------------------------------
0 0031162845 MORTGAGORS: EAKLE PETE
EAKLE CHRISTINE
REGION CODE ADDRESS : 42 ARLINGTON
01 CITY : KENSINGTON
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,728.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031163132 MORTGAGORS: TOMICH ALAN
TOMICH CHERYL
REGION CODE ADDRESS : 15584 BORGES DRIVE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,200.00
P & I AMT: 10,330.01
UPB AMT: 1,474,929.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031163223 MORTGAGORS: BRESTEN PAUL
BRESTEN THERESA
REGION CODE ADDRESS : 25 ZACHARY LANE
01 CITY : READING
STATE/ZIP : MA 01867
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,726.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,878.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.89200
----------------------------------------------------------------
0 0031163405 MORTGAGORS: KOEHLER MICHAEL
KOEHLER LINDA
REGION CODE ADDRESS : 908 WALNUT DRIVE
01 CITY : PASO ROBLES
STATE/ZIP : CA 93446
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.34100
----------------------------------------------------------------
0 0031163579 MORTGAGORS: HARTMAN BRADLEY
HARTMAN GLAUCIA
REGION CODE ADDRESS : 939 15TH STREET #5
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,590.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.52500
----------------------------------------------------------------
0 0031163728 MORTGAGORS: BRICKOWSKI WALTER
BRICKOWSKI SUSAN
REGION CODE ADDRESS : 2352 APPLE RIDGE CIRCLE
01 CITY : MANASQUAN
STATE/ZIP : NJ 08736
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,537.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.19700
----------------------------------------------------------------
0 0031163793 MORTGAGORS: KINKEAD MARGARET
REGION CODE ADDRESS : 1222 ALMOND GROVE DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77077
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,833.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,000.00
P & I AMT: 10,523.85
UPB AMT: 1,439,487.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031163801 MORTGAGORS: YOUNG MARJORIE
YOUNG HENRY
REGION CODE ADDRESS : 55 AZALEA LANE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,652.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.92100
----------------------------------------------------------------
0 0031163850 MORTGAGORS: HOLLAND MICHAEL
HOLLAND JACQUELINE
REGION CODE ADDRESS : 2918-2928 ASH MILL ROAD
01 CITY : HOLICONG
STATE/ZIP : PA 18928
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031163934 MORTGAGORS: TIRADO CARLOS
TIRADO TERESA
REGION CODE ADDRESS : 701 TERRA NOVA DRIVE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 343,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,988.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.67391
----------------------------------------------------------------
0 0031163959 MORTGAGORS: MOMDJIAN SARKIS
MOMDJIAN HASMIK
REGION CODE ADDRESS : 27 PARKVIEW AVENUE
01 CITY : WALTHAM
STATE/ZIP : MA 02154
MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,091.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.37600
----------------------------------------------------------------
0 0031163991 MORTGAGORS: RUDERMAN JEFFREY
THOMASON ANTOINETTE
REGION CODE ADDRESS : 25461 VIA ESTUDIO
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,651.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.62000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,500.00
P & I AMT: 10,341.73
UPB AMT: 1,468,940.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031164056 MORTGAGORS: FAULK STUART
SKELLCERF VICTORIA
REGION CODE ADDRESS : 1814 SUNCATCHER WAY
01 CITY : EUGENE
STATE/ZIP : OR 97405
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.02700
----------------------------------------------------------------
0 0031164171 MORTGAGORS: MULLENS FRANK
MULLENS LINDA
REGION CODE ADDRESS : 248 SYCAMORE RIDGE STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 267,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,715.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.54200
----------------------------------------------------------------
0 0031164338 MORTGAGORS: KAMPFF RICHARD
KAMPFF LISA
REGION CODE ADDRESS : 17554 DEARBORN ST
01 CITY : LOS ANGELES
STATE/ZIP : CA 91325
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.47900
----------------------------------------------------------------
0 0031164379 MORTGAGORS: BERNARD CLIFFORD
BERNARD KAREN
REGION CODE ADDRESS : 31524 STARDUST LANE
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 314,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,054.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.62500
----------------------------------------------------------------
0 0031164395 MORTGAGORS: BIWALD CHRISTOPHER
BIWALD LINDA
REGION CODE ADDRESS : 12270 PORCELINA COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,440.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,400.00
P & I AMT: 10,097.95
UPB AMT: 1,421,552.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031164403 MORTGAGORS: STONECIPHER STEVE
STONECIPHER LAURA
REGION CODE ADDRESS : 46 HILLRISE
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 288,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,391.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.12300
----------------------------------------------------------------
0 0031164437 MORTGAGORS: HENNESSY THOMAS
HENNESSY SHIRLEY
REGION CODE ADDRESS : 210 CHAPMAN ROAD
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,109.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.10000
----------------------------------------------------------------
0 0031164445 MORTGAGORS: BARRY JOHN
BARRY KELLY
REGION CODE ADDRESS : 4124 VIA PICAPOSTE
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,320.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,073.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.99200
----------------------------------------------------------------
0 0031164510 MORTGAGORS: RESNICK STEPHEN
RESNICK FREDA
REGION CODE ADDRESS : 14300 ROYAL FORREST LANE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 265,275.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,062.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.62300
----------------------------------------------------------------
0 0031164544 MORTGAGORS: BAUCH DANIEL
BAUCH CYNTHIA
REGION CODE ADDRESS : 20670 CALLON DRIVE
01 CITY : TOPANGA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,549.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.25500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,575.00
P & I AMT: 10,731.89
UPB AMT: 1,547,434.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031164585 MORTGAGORS: VAN EVERY EDWARD
VAN EVERY SUSAN
REGION CODE ADDRESS : 27371 VIA CAUDALOSO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,602.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031164593 MORTGAGORS: NELSON GERARD
NELSON VENUS
REGION CODE ADDRESS : 245 MARVILLA CIRCLE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,645.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.12500
----------------------------------------------------------------
0 0031164668 MORTGAGORS: KNIGHT STEVEN
KNIGHT JODI
REGION CODE ADDRESS : 2989 DITCH ROAD
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,808.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031164916 MORTGAGORS: MORE JAY
MORE LEAH
REGION CODE ADDRESS : 4 JENNA COURT
01 CITY : SCOTCH PLAINS
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 454,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,806.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,139.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031164924 MORTGAGORS: SAPERSTONE PAUL
SAPERSTONE STACIA
REGION CODE ADDRESS : 12 PINE RIDGE ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,655.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,369.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.03200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,700.00
P & I AMT: 12,227.79
UPB AMT: 1,729,518.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031164981 MORTGAGORS: YADEN MATTHEW
YADEN AGNES
REGION CODE ADDRESS : 680 DUNHILL DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,099.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,536.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.24400
----------------------------------------------------------------
0 0031165020 MORTGAGORS: KRUEGER RICHARD
WHITNEY SUSAN
REGION CODE ADDRESS : 26 MEADOWOOD DRIVE
01 CITY : LARKSPUR
STATE/ZIP : CA 94939
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,419.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.49200
----------------------------------------------------------------
0 0031165061 MORTGAGORS: TOMISTA ALBERT
TOMISTA NORMA
REGION CODE ADDRESS : 1150 THEODEN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,663.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031165202 MORTGAGORS: O'REILLY PAUL
O'REILLY MARGARET
REGION CODE ADDRESS : 335 EAST VILLANOVA ROAD
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,664.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031165236 MORTGAGORS: SMITH THOMAS
REGION CODE ADDRESS : 48 WHALERS REACH
01 CITY : THE SEA RANCH
STATE/ZIP : CA 95497
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,234.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.74700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,250.00
P & I AMT: 10,961.76
UPB AMT: 1,559,080.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031165251 MORTGAGORS: KERNS BRUCE
KERNS JUDITH
REGION CODE ADDRESS : 1041 MCCAULEY ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,019.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,295.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.78400
----------------------------------------------------------------
0 0031165335 MORTGAGORS: ANDERSEN DENNIS
ANDERSEN MICHELE
REGION CODE ADDRESS : 5500 HIGH SIERRA ROAD
01 CITY : PILOT HILL
STATE/ZIP : CA 95664
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,627.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031165343 MORTGAGORS: HEARD STUART
HEARD ALICE
REGION CODE ADDRESS : 120 SANCHEZ WAY
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,163.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.57100
----------------------------------------------------------------
0 0031165350 MORTGAGORS: CILINGIN WILLIAM
CILINGIN DEBRA
REGION CODE ADDRESS : 18 DOVER PLACE
01 CITY : HOLLAND
STATE/ZIP : PA 18966
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 : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.49100
----------------------------------------------------------------
0 0031165376 MORTGAGORS: GALE BRIAN
COWAN KATHLEEN
REGION CODE ADDRESS : 1417 EAST PALM STREET
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,302.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,753,500.00
P & I AMT: 12,412.05
UPB AMT: 1,750,867.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031165475 MORTGAGORS: MELENA JANICE
REGION CODE ADDRESS : 4289 TANBARK STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 299,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,153.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031165517 MORTGAGORS: MIDKIFF BARRY
MIDKIFF ANTJE
REGION CODE ADDRESS : 32 HILL RISE
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 234,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,267.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.02900
----------------------------------------------------------------
0 0031165566 MORTGAGORS: LIEMOLA PEKKA
LIEMOLA PATRICIA
REGION CODE ADDRESS : 12248 GOLETA AVENUE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,672.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 59.25900
----------------------------------------------------------------
0 0031165582 MORTGAGORS: CROCKETT JOHN
CROCKETT CARRIE
REGION CODE ADDRESS : 22177 PROSPECT ST.
01 CITY : HAYWARD
STATE/ZIP : CA 94541
MORTGAGE AMOUNT : 293,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,490.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.05592
----------------------------------------------------------------
0 0031165608 MORTGAGORS: NARULA RAJEEV
NARULA CHRISTABELLE
REGION CODE ADDRESS : 3023 SHADOW MESA CIRCLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,330.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.77777
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,541,300.00
P & I AMT: 10,811.48
UPB AMT: 1,538,915.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031165632 MORTGAGORS: ANDERSON KRISTOFER
ANDERSON LORI
REGION CODE ADDRESS : 20241 COLONIAL CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 299,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,353.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.89400
----------------------------------------------------------------
0 0031165673 MORTGAGORS: REESE MARK
RAY-REESE DONNA
REGION CODE ADDRESS : 2023 VIA TIEMPO
01 CITY : CARDIFF
STATE/ZIP : CA 92007
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.90400
----------------------------------------------------------------
0 0031165723 MORTGAGORS: ASPINALL DONALD
ASPINALL CAROLYN
REGION CODE ADDRESS : 452 WEST VALLEY ROAD
01 CITY : STRAFFORD
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 271,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,503.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.18700
----------------------------------------------------------------
0 0031165772 MORTGAGORS: MAR NELSON
MAR SARAH
REGION CODE ADDRESS : 18731 VIA VERONA
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,658.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 48.20000
----------------------------------------------------------------
0 0031165780 MORTGAGORS: ADAMS OCIE
REGION CODE ADDRESS : 110 AUDUBON LANE
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 388,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,211.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,716.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,000.00
P & I AMT: 10,280.29
UPB AMT: 1,459,340.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031165830 MORTGAGORS: TRAVIS JOHN
TRAVIS LEEANNA
REGION CODE ADDRESS : 3101 OLD PECOS TRAIL UNIT 650
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 463,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,856.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,238.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031165855 MORTGAGORS: STEPHENS KARL
STEPHENS JOANNE
REGION CODE ADDRESS : 3998 BURMA COURT
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,249.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031165889 MORTGAGORS: VUJOVICH GARY
VUJOVICH JENNIFER
REGION CODE ADDRESS : 106 FLORENCE COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,280.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,138.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.65600
----------------------------------------------------------------
0 0031165921 MORTGAGORS: MOCHE RICHARD
BROWN HEIDI
REGION CODE ADDRESS : 125 GREEN STREET
01 CITY : NEEDHAM
STATE/ZIP : MA 02192
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,731.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.55100
----------------------------------------------------------------
0 0031166093 MORTGAGORS: FALACCI NICOLAS
HEUTON CHERYL
REGION CODE ADDRESS : 897 NORTH HILL AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 312,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,874.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.94200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,850,900.00
P & I AMT: 12,955.53
UPB AMT: 1,848,991.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031166101 MORTGAGORS: DURRANT LESLIE
DURRANT ANGELA
REGION CODE ADDRESS : 3934 SW SOUTHERN STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98136
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,999.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031166150 MORTGAGORS: DORKOWSKI DONALD
DORKOWSKI CAROL
REGION CODE ADDRESS : 21 LARKFIELD LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,583.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.44500
----------------------------------------------------------------
0 0031166192 MORTGAGORS: GAFFORD HAROLD
GAFFORD DELORIS
REGION CODE ADDRESS : 1005 BRANBURY WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,192.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031166218 MORTGAGORS: SHAMROUKH IBRAHIM
SHAMROUKH TERRI
REGION CODE ADDRESS : 2102 SAN MIGUEL ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,796.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031166259 MORTGAGORS: WALLS JERRY
WALLS SHELLY
REGION CODE ADDRESS : 5370 SIERRA REAL
01 CITY : EL DORADO
STATE/ZIP : CA 95623
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,504.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.32200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,800.00
P & I AMT: 9,976.66
UPB AMT: 1,426,076.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031166283 MORTGAGORS: SOFMAN ROBERT
REGION CODE ADDRESS : 2634 BUSH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,358.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031166374 MORTGAGORS: ZIEGLER GREGORY
REGION CODE ADDRESS : 17042 BARUNA LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 564,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 563,201.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,040.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0031166390 MORTGAGORS: FUKUNAGA RON
REGION CODE ADDRESS : 2024 TYLER WAY
01 CITY : LODI
STATE/ZIP : CA 95242
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,146.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031166630 MORTGAGORS: LACK CRAIG
LACK SANDY
REGION CODE ADDRESS : 26135 FLINTLOCK LANE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031166671 MORTGAGORS: DITMARS PETER
DITMARS WENDY
REGION CODE ADDRESS : 6 JOYCE CIRCLE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.22700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,870,600.00
P & I AMT: 13,188.66
UPB AMT: 1,868,284.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031166705 MORTGAGORS: HUHNDORFF MARK
HUHNDORFF GLORIA
REGION CODE ADDRESS : 4420 LANDLEWOOD COURT
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 194,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,474.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,395.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031166754 MORTGAGORS: MATKIN REUEL
CONWAY-MATKIN JUDITH
REGION CODE ADDRESS : 1215 DAVIDA COURT
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,604.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.50000
----------------------------------------------------------------
0 0031166853 MORTGAGORS: AHMANN DAVID
AHMANN NANCY
REGION CODE ADDRESS : 2920 COLGATE ROAD
01 CITY : MADISON
STATE/ZIP : WI 53705
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,812.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.10400
----------------------------------------------------------------
0 0031166911 MORTGAGORS: DESMERY MARTIN
DESMERY DIANE
REGION CODE ADDRESS : 21 LUND TERRACE
01 CITY : DUXBURY
STATE/ZIP : MA 02331
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 : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.26400
----------------------------------------------------------------
0 0031167133 MORTGAGORS: RUDROW DOUGLAS
RUDROW DIANA
REGION CODE ADDRESS : 523 BALCH WAY
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,300,750.00
P & I AMT: 9,049.73
UPB AMT: 1,299,228.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031167141 MORTGAGORS: YUROVSKIY MIKHAIL
YUROVSKAIA VERA
REGION CODE ADDRESS : 3 LAWNSIDE DRIVE
01 CITY : LAWRENCEVILLE
STATE/ZIP : NJ 08648
MORTGAGE AMOUNT : 115,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 853.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 74.19300
----------------------------------------------------------------
0 0031167158 MORTGAGORS: CANDELARIO JOSE
CANDELARIO ZENAIDA
REGION CODE ADDRESS : 271 GRENADINE WAY
01 CITY : HERCULES
STATE/ZIP : CA 94547
MORTGAGE AMOUNT : 237,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,545.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.11111
----------------------------------------------------------------
0 0031167208 MORTGAGORS: SARNO TONY
SARNO MICHELLE
REGION CODE ADDRESS : 511 SIDESADDLE CIRCLE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,597.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031167240 MORTGAGORS: GREGORY BRADLEY
GREGORY LORENE
REGION CODE ADDRESS : 486 JASPER COURT
01 CITY : BENICIA
STATE/ZIP : CA 94510
MORTGAGE AMOUNT : 232,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,303.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.10400
----------------------------------------------------------------
0 0031167257 MORTGAGORS: TOWNS CHARLES
TOWNS ERIN
REGION CODE ADDRESS : 216 ESTATES DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,844.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.09600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,157,050.00
P & I AMT: 8,170.39
UPB AMT: 1,155,291.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031167323 MORTGAGORS: GREINKE FRANK
REGION CODE ADDRESS : 16481 PEALE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,032.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.75400
----------------------------------------------------------------
0 0031167356 MORTGAGORS: PACINI STEVE
PACINI LOUISE
REGION CODE ADDRESS : 3234 GLENDA COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,411.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031167406 MORTGAGORS: BARLOW PATRICIA
REGION CODE ADDRESS : 6801 CIRCLE VIEW DRIVE
01 CITY : NEW HOPE
STATE/ZIP : PA 18963
MORTGAGE AMOUNT : 374,620.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,062.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031167455 MORTGAGORS: PETERSEN C.
PETERSEN LORRAINE
REGION CODE ADDRESS : 1216 BELLAIR WAY
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,654.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,910.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031167521 MORTGAGORS: PROVIN KEITH
PROVIN KAREN
REGION CODE ADDRESS : 4526 NEWTON STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,993.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,999,020.00
P & I AMT: 13,892.02
UPB AMT: 1,996,154.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031167638 MORTGAGORS: SKOW ERIC
ALAMILLO SARA
REGION CODE ADDRESS : 584 MT. OLIVET PLACE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,849.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031167679 MORTGAGORS: MULLEN HEATHER
REGION CODE ADDRESS : 234 MOORE AVENUE
01 CITY : VIENNA
STATE/ZIP : VA 22180
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,827.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.95500
----------------------------------------------------------------
0 0031167703 MORTGAGORS: JUNG THOMAS
JUNG ELAINE
REGION CODE ADDRESS : 20590 EAST OAK MEADOW LANE
01 CITY : DIAMOND BAR AREA
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 296,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,284.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031167851 MORTGAGORS: IVALDI CORNELIA
REGION CODE ADDRESS : 7780 BERNAL AVENUE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 428,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,993.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,070.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.26800
----------------------------------------------------------------
0 0031167968 MORTGAGORS: BREAULT RONALD
BREAULT MARY
REGION CODE ADDRESS : 16 CAPTAIN'S LANDING
01 CITY : NEWINGTON
STATE/ZIP : NH 03801
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.90300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,530,700.00
P & I AMT: 10,795.84
UPB AMT: 1,528,954.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031167992 MORTGAGORS: BAKER DAVID
BAKER DEBRA
REGION CODE ADDRESS : 15220 E. YOUNGWOOD DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90605
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,759.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031168123 MORTGAGORS: LAU KEVIN
NGAI NANCY
REGION CODE ADDRESS : 7 SUNRISE COURT
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 320,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,156.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031168321 MORTGAGORS: JANKU GEORGE
JANKU LAURA
REGION CODE ADDRESS : 407 SANTA CLARA AVENUE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031168354 MORTGAGORS: AST AARON
AST BARBARA
REGION CODE ADDRESS : 300 EAST 59TH STREET 1506
01 CITY : NEW YORK
STATE/ZIP : NY 10022
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031168412 MORTGAGORS: MYRICK JOHN
MYRICK TAMMY
REGION CODE ADDRESS : 3 SWEET MEADOW
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 234,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,425.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.93500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,431,000.00
P & I AMT: 9,978.87
UPB AMT: 1,430,110.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031168545 MORTGAGORS: HIROI EIJI
HIROI AKIKO
REGION CODE ADDRESS : 1999 KUNIHI PLACE
01 CITY : HONOLULU
STATE/ZIP : HI 96821
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,604.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,011.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031168859 MORTGAGORS: HARRIS NANCY
REGION CODE ADDRESS : 412 SOUTH ITHAN AVENUE
01 CITY : VILLANOVA
STATE/ZIP : PA 19085
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,725.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.51800
----------------------------------------------------------------
0 0031168925 MORTGAGORS: LAABS DONALD
LAABS KIMBERLY
REGION CODE ADDRESS : 495 ESTADO WAY
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031168941 MORTGAGORS: THOMSON D
THOMSON LINDA
REGION CODE ADDRESS : 26 SAWGRASS
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,412.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.46400
----------------------------------------------------------------
0 0031168990 MORTGAGORS: MCEUEN TRACY
MCEUEN SUSAN
REGION CODE ADDRESS : 11820 SOUTH WARPAINT DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85044
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,175.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.69500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,987,050.00
P & I AMT: 13,968.27
UPB AMT: 1,984,503.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031169014 MORTGAGORS: DENTINO WILLIAM
DENTINO REBECCA
REGION CODE ADDRESS : 8540 QUAIL OAKS DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 331,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,594.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.99400
----------------------------------------------------------------
0 0031169030 MORTGAGORS: PE JEFFERSON
PE BERNICE
REGION CODE ADDRESS : 66 BAY PARK CIRCLE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,471.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,482.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.19500
----------------------------------------------------------------
0 0031169238 MORTGAGORS: DIBENEDETTO KEVIN
DIBENEDETTO MARY
REGION CODE ADDRESS : 6465 OVERTON STREET
01 CITY : BATON ROUGE
STATE/ZIP : LA 70808
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,695.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.12900
----------------------------------------------------------------
0 0031169386 MORTGAGORS: MORIMOTO MASANAO
MORIMOTO MELINDA
REGION CODE ADDRESS : 3080 WINDMILL CANYON DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 265,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,454.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,858.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98808
----------------------------------------------------------------
0 0031169436 MORTGAGORS: MAGENHEIMER DANIEL
MAGENHEIMER KATHERIN
REGION CODE ADDRESS : 3088 WINDMILL CANYON DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 227,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,345.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,593.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.21045
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,579,850.00
P & I AMT: 10,984.14
UPB AMT: 1,577,561.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031169451 MORTGAGORS: PIETROCINI JAMES
PIETROCINI REBECCA
REGION CODE ADDRESS : 1249 BELLEFLOWER ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 272,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,823.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031169469 MORTGAGORS: NAGER ALAN
NAGER NANCY
REGION CODE ADDRESS : 22121 CAIRNLOCH ST
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 489,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,856.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,545.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.10800
----------------------------------------------------------------
0 0031169493 MORTGAGORS: REOME SCOTT
REOME TRACY
REGION CODE ADDRESS : 12274 LIBELLE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 236,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,748.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031169501 MORTGAGORS: BALLOU MICHAEL
BALLOU KRISTI
REGION CODE ADDRESS : 1243 OAK STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,629.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.85700
----------------------------------------------------------------
0 0031169527 MORTGAGORS: STEINMETZ TROY
COMPAS STEVE
REGION CODE ADDRESS : 651-653 30TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,350.00
P & I AMT: 11,007.79
UPB AMT: 1,549,846.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031169576 MORTGAGORS: BEMIS JOSEPH
BEMIS LAUREEN
REGION CODE ADDRESS : 1237 BELLEFLOWER ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,048.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,040.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031169584 MORTGAGORS: DESPRES NAOMI
REGION CODE ADDRESS : 2014 CANYON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,644.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031169857 MORTGAGORS: MCGUIGAN MICHAEL
LIM JENNIFER
REGION CODE ADDRESS : 4336 TORREY PINES DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 350,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,108.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,540.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031169907 MORTGAGORS: BAILEY DONALD
REGION CODE ADDRESS : 12 STURBRIDGE DRIVE
01 CITY : GLOUCESTER TOWNSHIP
STATE/ZIP : NJ 08081
MORTGAGE AMOUNT : 110,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,322.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 790.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031169915 MORTGAGORS: SUBERS BRIAN
SUBERS CAROLYN
REGION CODE ADDRESS : 871 APPALOOSA DRIVE
01 CITY : COLLEGEVILLE
STATE/ZIP : PA 19426
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,779.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.39300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,263,250.00
P & I AMT: 8,827.40
UPB AMT: 1,261,903.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031169923 MORTGAGORS: CARROLL CHARLES
CARROLL MYRA
REGION CODE ADDRESS : 12306 RIVER OAKS POINT
01 CITY : KNOXVILLE
STATE/ZIP : TN 37922
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031169964 MORTGAGORS: D'AMICO MARY
D'AMICO VINCENT
REGION CODE ADDRESS : 71 HOLLAND AVENUE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10603
MORTGAGE AMOUNT : 290,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.30700
----------------------------------------------------------------
0 0031170061 MORTGAGORS: SCHUSTER ANTHONY
SCHUSTER CAROLINE
REGION CODE ADDRESS : 8798 S. PARTRIDGE STREET
01 CITY : LITTLETON
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 240,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,331.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031170129 MORTGAGORS: MAY RHONDA
NEDLAND DANIEL
REGION CODE ADDRESS : 55D RIVER PARK DRIVE
01 CITY : BRECKENRIDGE
STATE/ZIP : CO 80424
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031170152 MORTGAGORS: CHERRY THOMAS
CHERRY ROZANNE
REGION CODE ADDRESS : 2323 FROEBEL DRIVE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,638.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,413,750.00
P & I AMT: 9,903.76
UPB AMT: 1,412,656.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031170160 MORTGAGORS: SUN CINDY
REGION CODE ADDRESS : 19766 ALPINE CREST DRIVE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,331.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.82900
----------------------------------------------------------------
0 0031170202 MORTGAGORS: HAN STEPHEN
HAN SHAO
REGION CODE ADDRESS : 38125 CAMBRIDGE COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,081.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.43500
----------------------------------------------------------------
0 0031170228 MORTGAGORS: YALON VINCENT
YALON NANCY
REGION CODE ADDRESS : 160 HERNANDEZ AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,623.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.86700
----------------------------------------------------------------
0 0031170251 MORTGAGORS: CHENG HENG-JU
CHOU YI-CHIH
REGION CODE ADDRESS : 1683 COLUMBIA DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,634.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 55.48300
----------------------------------------------------------------
0 0031170269 MORTGAGORS: COWANS ERIC
COWANS JACKIE
REGION CODE ADDRESS : 505 SANTA CLARA WAY
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,566.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.70900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,386,500.00
P & I AMT: 9,910.75
UPB AMT: 1,384,237.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031170350 MORTGAGORS: ARLEN MICHAEL
ARLEN PHEBE
REGION CODE ADDRESS : 13801 WEST SUNSET BOULEVARD
01 CITY : PACIFIC PALISADES(AREA),L
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 639,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 638,549.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,577.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031170483 MORTGAGORS: CIESINSKI STEPHEN
CIESINSKI DIANE
REGION CODE ADDRESS : 12395 MELODY LANE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 964,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 963,319.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,906.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 56.37400
----------------------------------------------------------------
0 0031170541 MORTGAGORS: KRAMER STEPHEN
KRAMER SANDRA
REGION CODE ADDRESS : 15980 E HWY 94
01 CITY : ROGERS
STATE/ZIP : AR 72758
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,651.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,286.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.30700
----------------------------------------------------------------
0 0031170582 MORTGAGORS: SPENCER HARVEY
SPENCER SUSAN
REGION CODE ADDRESS : 4703 ROCKBLUFF DRIVE
01 CITY : ROLLING HILL ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 345,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,122.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.40000
----------------------------------------------------------------
0 0031170590 MORTGAGORS: LO ALBERT
LO STELLA
REGION CODE ADDRESS : 45581 CLARET COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,652.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,397.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.20600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,898,600.00
P & I AMT: 20,673.65
UPB AMT: 2,896,295.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031170624 MORTGAGORS: RITTENHOUSE DAVID
RITTENHOUSE PATRICIA
REGION CODE ADDRESS : 40787 CALLE MEDUSA
01 CITY : TEMECULA
STATE/ZIP : CA 92591
MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 169,664.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,232.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.95800
----------------------------------------------------------------
0 0031170632 MORTGAGORS: PREZIOSO WALTER
PREZIOSO KIMBERLY
REGION CODE ADDRESS : 23829 VALLEY OAK COURT
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,331.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.07600
----------------------------------------------------------------
0 0031170749 MORTGAGORS: ACKLEY PAUL
ACKLEY LAURIE
REGION CODE ADDRESS : 1285 BLUEBIRD CANYON DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.58800
----------------------------------------------------------------
0 0031170756 MORTGAGORS: BRUIN EDWARD
BRUIN PAULA
REGION CODE ADDRESS : 154 LOMBARD STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94111
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,544.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.34600
----------------------------------------------------------------
0 0031170772 MORTGAGORS: HALL GLEN
BEAVER JOHN
REGION CODE ADDRESS : 434 EAST AVOCADO CREST ROAD
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,617.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.45900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,272,000.00
P & I AMT: 9,089.73
UPB AMT: 1,269,773.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031170780 MORTGAGORS: SELLS DONN
SELLS LOUISE
REGION CODE ADDRESS : 1701 APEX AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031170806 MORTGAGORS: DANTAGNAN BARRY
MYERS STEPHEN
REGION CODE ADDRESS : 15137 DEL GADO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,432.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031170830 MORTGAGORS: HAMMER SIMCHA
HAMMER TOBY
REGION CODE ADDRESS : 4617 15TH AVENUE
01 CITY : BROOKLYN
STATE/ZIP : NY 11219
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 577,762.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,011.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 04/01/26
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031170939 MORTGAGORS: BUNCKE GEOFFREY
MACARTHUR CAROL
REGION CODE ADDRESS : 24 HIDDEN CREEK
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,204.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031170954 MORTGAGORS: O' CONNOR TIMOTHY
O' CONNOR METTE
REGION CODE ADDRESS : 168 W. YALE LOOP
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,828.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,905,800.00
P & I AMT: 13,389.76
UPB AMT: 1,893,960.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031170970 MORTGAGORS: TAPIE ROBERT
TAPIE REBEKAH
REGION CODE ADDRESS : 10521 NEWPORT BLVD
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 296,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,891.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,121.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031170988 MORTGAGORS: BAILEY TODD
BAILEY JENNIFFER
REGION CODE ADDRESS : 210 20TH ST.
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 280,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,803.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98305
----------------------------------------------------------------
0 0031171051 MORTGAGORS: VEGA JOHN
VEGA SHIRLEY
REGION CODE ADDRESS : 11325 DONOVAN ROAD
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,789.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.73600
----------------------------------------------------------------
0 0031171077 MORTGAGORS: MAYERSON DREW
MAYERSON NANCY
REGION CODE ADDRESS : 1431 WHITEHALL PLACE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 252,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,400.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031171093 MORTGAGORS: CAMPOS JULIO
SANDE SANDRA
REGION CODE ADDRESS : 830 CRATER OAK DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 516,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,416.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,613.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,850.00
P & I AMT: 11,560.62
UPB AMT: 1,628,300.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031171127 MORTGAGORS: CHAVAKULA SRINIVASA
CHAVAKULA BHARATHA
REGION CODE ADDRESS : 5630 HURFORD COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 336,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,273.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.41379
----------------------------------------------------------------
0 0031171135 MORTGAGORS: HANNUM DION
HANNUM KATHLEEN
REGION CODE ADDRESS : 828 W SAN MARINO AVENUE
01 CITY : ALHAMBRA
STATE/ZIP : CA 91801
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,898.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,651.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031171341 MORTGAGORS: MACKENZIE BRETT
MACKENZIE MARIA
REGION CODE ADDRESS : 1804 ROCKCLIFF RD
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,613.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031171358 MORTGAGORS: JOHNSON JAMES
JOHNSON JANET
REGION CODE ADDRESS : 10701 ELLIE'S COURT
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031171416 MORTGAGORS: CHANDRYKO JANUSZ
CHANDRYKO HELENA
REGION CODE ADDRESS : 12476 PICRUS ST.
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,841.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,584,000.00
P & I AMT: 11,308.51
UPB AMT: 1,582,263.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031171440 MORTGAGORS: PAETZOLD MAXIMILIAN
PAETZOLD ELISA
REGION CODE ADDRESS : 5534 MARIALINDA STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031171531 MORTGAGORS: WATTS RUSSELL PEREGRINE
WATTS RUSSELL ELIZABETH
REGION CODE ADDRESS : 4100 DUNDEE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,957.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,379.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------
0 0031171622 MORTGAGORS: ELSON CHRISTOPHER
ELSON HILARI
REGION CODE ADDRESS : 862 ROSECRANS AVE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,108.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031171671 MORTGAGORS: HUNT SCOTT
REGION CODE ADDRESS : 238 N NORTON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,209.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031171697 MORTGAGORS: DANIELS THOMAS
REGION CODE ADDRESS : 6636 WEST 6TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,309.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,886,000.00
P & I AMT: 13,123.21
UPB AMT: 1,882,207.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031171705 MORTGAGORS: VAN MAREL ROBERT
VAN MAREL LISA
REGION CODE ADDRESS : 10417 SANTA CLARA STREET
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,887.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031171721 MORTGAGORS: OTT JIM
OTT KRISTA
REGION CODE ADDRESS : 37110 OAK VIEW ROAD
01 CITY : YUCAIPA
STATE/ZIP : CA 92399
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,014.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031171754 MORTGAGORS: GARCIA RAYMOND
REGION CODE ADDRESS : 1755 SILVERWOOD TERRACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,042.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031171820 MORTGAGORS: NEEDHAM JOHN
NEEDHAM CHRISTINE
REGION CODE ADDRESS : 29726 KNOLLVIEW DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,289.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.32000
----------------------------------------------------------------
0 0031171838 MORTGAGORS: SANFORD LEWIS
SANFORD KAREN
REGION CODE ADDRESS : 17516 NEFF ROAD
01 CITY : CLEVELAND
STATE/ZIP : OH 44119
MORTGAGE AMOUNT : 92,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 91,935.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 659.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,274,250.00
P & I AMT: 9,124.65
UPB AMT: 1,271,169.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031171846 MORTGAGORS: ABUNASSAR GEORGE
ABUNASSAR MAHA
REGION CODE ADDRESS : 6920 MYSTIC WOODS WAY
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,561.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.45260
----------------------------------------------------------------
0 0031171937 MORTGAGORS: STANGELAND JAMES
STANGELAND BRENDA
REGION CODE ADDRESS : 18716 FAIRFAX LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,815.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.93600
----------------------------------------------------------------
0 0031171945 MORTGAGORS: LIVINGSTON LEON
REGION CODE ADDRESS : 722 JERSEY COURT UNIT A&B
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 56.00000
----------------------------------------------------------------
0 0031171978 MORTGAGORS: ETAAT SHAHROKH
ETAAT DOROTHY
REGION CODE ADDRESS : 9655 YOAKUM DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,390.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,972.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031171986 MORTGAGORS: HABERMAN RICHARD
HABERMAN CHERRIE
REGION CODE ADDRESS : 12418 WOODTHROPE LANE
01 CITY : HOUSTON
STATE/ZIP : TX 77024
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,750.00
P & I AMT: 10,397.26
UPB AMT: 1,463,190.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031172091 MORTGAGORS: CHIN RANDAL
WONG CHRISTINE
REGION CODE ADDRESS : 2860 SHAKESPEARE DRIVE
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 586,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 585,964.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,100.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031172364 MORTGAGORS: KURTZ EDMUND
KURTZ BERNADETTE
REGION CODE ADDRESS : 32528 PINEBLUFF PLACE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.20700
----------------------------------------------------------------
0 0031172406 MORTGAGORS: SON WOO
SON KARYN
REGION CODE ADDRESS : 20538 EASTWOOD AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,433.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031172430 MORTGAGORS: SZPUNAR WOJCIECH
REGION CODE ADDRESS : 2706 SHADY HILL COURT
01 CITY : GRAPEVINE
STATE/ZIP : TX 76051
MORTGAGE AMOUNT : 153,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 153,391.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,099.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.73800
----------------------------------------------------------------
0 0031172471 MORTGAGORS: COITEUX ROBERT
REGION CODE ADDRESS : 5625 MASON AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,788.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,700.00
P & I AMT: 11,647.42
UPB AMT: 1,643,303.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031172489 MORTGAGORS: POMERANTZ RON
REGION CODE ADDRESS : 2763 OUTPOST DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031172497 MORTGAGORS: KAKU RONALD
CURREN MARY
REGION CODE ADDRESS : 19067 SPRAGUE STREET
01 CITY : TARZANA AREA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031172505 MORTGAGORS: CHINN DARRY
LEE CASSANDRA
REGION CODE ADDRESS : 365 WARREN DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,533.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.91800
----------------------------------------------------------------
0 0031172554 MORTGAGORS: COHEN MICHAEL
COHEN PAMELA
REGION CODE ADDRESS : 5232 AVENIDA HACIENDA
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,301.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.11100
----------------------------------------------------------------
0 0031172562 MORTGAGORS: WATT JAMES
WATT DEBORAH
REGION CODE ADDRESS : 31262 VIA FAJITA
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 325,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,115.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,100.00
P & I AMT: 10,451.20
UPB AMT: 1,484,498.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031172620 MORTGAGORS: HILDEBRAND PETER
HILDEBRAND NANCY
REGION CODE ADDRESS : 18 BEAVER WAY
01 CITY : BOULDER
STATE/ZIP : CO 80304
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.32400
----------------------------------------------------------------
0 0031172646 MORTGAGORS: SMITH SCOTT
SMITH DORTHE
REGION CODE ADDRESS : 30932 BELLE MAISON
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,536.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.17200
----------------------------------------------------------------
0 0031172653 MORTGAGORS: BORMAN JUDY
TOMILLO MICHAEL
REGION CODE ADDRESS : 2454 MANCHESTER AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,439.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031172695 MORTGAGORS: MAITLES JEFFREY
MAITLES FIROUZEH
REGION CODE ADDRESS : 3900 SAPPHIRE DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 91436
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.57009
----------------------------------------------------------------
0 0031172703 MORTGAGORS: HADI JOHN
HADI LESTARI
REGION CODE ADDRESS : 19948 SKYLINE DRIVE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,695.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,000.00
P & I AMT: 11,024.01
UPB AMT: 1,579,212.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031172737 MORTGAGORS: BANNISTER LARRY
BANNISTER LAURA
REGION CODE ADDRESS : 16252 VALLEY VIEW ROAD
01 CITY : FORNEY
STATE/ZIP : TX 75126
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,053.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031172794 MORTGAGORS: STALLONE THOMAS
STALLONE DIANA
REGION CODE ADDRESS : 12373 CASCADES POINTE DR.
01 CITY : BOCA RATON
STATE/ZIP : FL 33428
MORTGAGE AMOUNT : 234,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98100
----------------------------------------------------------------
0 0031172802 MORTGAGORS: KILE RICHARD
KILE CAROL
REGION CODE ADDRESS : 2961 ACECA DRIVE
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,058.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031172836 MORTGAGORS: BIRUM JOHN
BIRUM JOY
REGION CODE ADDRESS : 4134 CAMINITO TERVISO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 315,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,356.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031172877 MORTGAGORS: SUZUKI ATSUSHI
SUZUKI MOTOKO
REGION CODE ADDRESS : 17 THOMAS NEWTON DRIVE
01 CITY : WESTBOROUGH
STATE/ZIP : MA 01581
MORTGAGE AMOUNT : 297,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,381,400.00
P & I AMT: 9,750.19
UPB AMT: 1,379,569.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031172885 MORTGAGORS: DIXON LLOYD
DIXON ELIZABETH
REGION CODE ADDRESS : 5947 WRIGHTCREST DRIVE
01 CITY : CULVER CITY
STATE/ZIP : CA 90232
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,860.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.86700
----------------------------------------------------------------
0 0031172893 MORTGAGORS: SALADIN ROLF
SALADIN DORINE
REGION CODE ADDRESS : 1140 BERNITA DRIVE
01 CITY : EL CAJON
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,284.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031172943 MORTGAGORS: FLORES CARLOS
CORPUZ TINA
REGION CODE ADDRESS : 2784 PASEO DEL PALACIO
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,836.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031172984 MORTGAGORS: HENRY THOMAS
HENRY ROWENA
REGION CODE ADDRESS : 719 ACORN DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 317,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,371.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031173008 MORTGAGORS: OPPER ARLEN
OPPER KAREN
REGION CODE ADDRESS : 6310 RIO BONITO DRIVE
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 498,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,460.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,528.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,639,550.00
P & I AMT: 11,500.22
UPB AMT: 1,633,813.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031173032 MORTGAGORS: TORRES LOUIS
TORRES BETTINA
REGION CODE ADDRESS : 1017 GENIE LANE
01 CITY : ENCINITAS,
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 253,880.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,338.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031173081 MORTGAGORS: VISTA MARIO
VISTA ROSEVIDA
REGION CODE ADDRESS : 2818 GLEN DIXON COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
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 : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.02500
----------------------------------------------------------------
0 0031173115 MORTGAGORS: BAKHSHANDEH BEHYAR
BAKHSHANDEH GINA
REGION CODE ADDRESS : 4441 COASTLINE AVENUE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 391,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,622.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,737.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031173172 MORTGAGORS: GUSKE KENNETH
GUSKE KRISTIN
REGION CODE ADDRESS : 4408 CALLE MAPACHE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 243,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,491.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.97600
----------------------------------------------------------------
0 0031173198 MORTGAGORS: HARTJE DARYL
HARTJE CHARITY
REGION CODE ADDRESS : 1791 PASEO CASTILLE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,458.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,569.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.55700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,430.00
P & I AMT: 9,398.17
UPB AMT: 1,343,401.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031173214 MORTGAGORS: MAAS KURT
MAAS YVETTE
REGION CODE ADDRESS : 62 EVERGREEN DR
01 CITY : NORTH CALDWELL
STATE/ZIP : NJ 07006
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031173222 MORTGAGORS: BECKER GARY
BECKER LYNNE
REGION CODE ADDRESS : 3838 RUTLEDGE DRIVE
01 CITY : HILLIARD
STATE/ZIP : OH 43026
MORTGAGE AMOUNT : 61,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 61,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 500.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031173230 MORTGAGORS: CRAWFORD JOHN
CRAWFORD PATRICIA
REGION CODE ADDRESS : 15955 KENSINGTON PLACE
01 CITY : DUMFRIES
STATE/ZIP : VA 22026
MORTGAGE AMOUNT : 264,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,696.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.58200
----------------------------------------------------------------
0 0031173263 MORTGAGORS: REYNOLDS TODD
REYNOLDS LISA
REGION CODE ADDRESS : 440 EL CERRITO AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,516.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/26
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.30300
----------------------------------------------------------------
0 0031173289 MORTGAGORS: MARTINSON DONALD
REGION CODE ADDRESS : 11354 TORTUGA STREET
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,711.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,250,250.00
P & I AMT: 8,675.11
UPB AMT: 1,211,024.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031173487 MORTGAGORS: SMITH CHRISTOPHER
CHOU JENNY
REGION CODE ADDRESS : 98 GRANT AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.50500
----------------------------------------------------------------
0 0031173503 MORTGAGORS: THEILMANN THEODORE
THEILMANN MARY ANNE
REGION CODE ADDRESS : 3198 VIA REAL
01 CITY : CARPINTERIA
STATE/ZIP : CA 93013
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.46100
----------------------------------------------------------------
0 0031173529 MORTGAGORS: RING RICHARD
RING LORRAINE
REGION CODE ADDRESS : 2 LOS ROBLES DRIVE
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,128.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 38.09523
----------------------------------------------------------------
0 0031173537 MORTGAGORS: MINTLE RONALD
MINTLE BEVERLEY
REGION CODE ADDRESS : 22 GATEVIEW DR
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,682.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,223.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031173669 MORTGAGORS: SMITH DAVID
SMITH KATHRYN
REGION CODE ADDRESS : 5883 ARLENE WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,748.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,776,200.00
P & I AMT: 12,427.47
UPB AMT: 1,771,096.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031173800 MORTGAGORS: SZARKO DENNIS
SZARKO LINDA
REGION CODE ADDRESS : 12307 LAMPLIGHTERS DRIVE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.73600
----------------------------------------------------------------
0 0031173842 MORTGAGORS: HAQ ANIS
MOKHTARI SHAHEEN
REGION CODE ADDRESS : 116 BEVERLY STREET
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 314,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,342.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99715
----------------------------------------------------------------
0 0031173891 MORTGAGORS: FONG DARYL
FONG JULIE
REGION CODE ADDRESS : 2 BIRD COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 231,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,739.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97951
----------------------------------------------------------------
0 0031173909 MORTGAGORS: BUSH HOWARD
BUSH JANINE
REGION CODE ADDRESS : 836 PRINCETON STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,604.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,591.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.61100
----------------------------------------------------------------
0 0031173925 MORTGAGORS: YAMAWAKI MARC
YAMAWAKI MIKA
REGION CODE ADDRESS : 112 BEVERLY STREET
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 357,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,694.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,559.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99032
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,693,100.00
P & I AMT: 11,909.16
UPB AMT: 1,691,190.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031173941 MORTGAGORS: MC CUNE LYNN
REGION CODE ADDRESS : 5517 CHINA POINT
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,796.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.33500
----------------------------------------------------------------
0 0031173982 MORTGAGORS: VINING STEVEN
VINING CINDY
REGION CODE ADDRESS : 2150 SANDERS ROAD
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,696.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.07200
----------------------------------------------------------------
0 0031173990 MORTGAGORS: OSGOOD ERIC
OSGOOD LORI
REGION CODE ADDRESS : 4881 RAMCREEK TRAIL
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 298,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,572.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031174006 MORTGAGORS: AUSTERMANN DAVID
AUSTERMANN LAUREEN
REGION CODE ADDRESS : 30 PUFFER LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 257,925.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,738.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031174014 MORTGAGORS: WOLFE WILLIAM
WOLFE CHERYL
REGION CODE ADDRESS : 4455 ETHEL AVENUE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,126.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.14700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,225.00
P & I AMT: 10,146.88
UPB AMT: 1,462,929.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031174022 MORTGAGORS: NELSON KEVIN
NELSON LORI
REGION CODE ADDRESS : 4538 MOUNTAINGATE DRIVE
01 CITY : ROCKLIN
STATE/ZIP : CA 95765
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,785.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 74.14600
----------------------------------------------------------------
0 0031174113 MORTGAGORS: OSWALT WILLIAM
OSWALT RENEE
REGION CODE ADDRESS : 221 MONTICELLO DR
01 CITY : GREENWOOD
STATE/ZIP : IN 46142
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,821.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.59400
----------------------------------------------------------------
0 0031174154 MORTGAGORS: FULCHER WILLIAM
WOODARD SHARON
REGION CODE ADDRESS : #6 GLEN IRIS PARK
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35205
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,796.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.27200
----------------------------------------------------------------
0 0031174196 MORTGAGORS: GORDON FRANK
GORDON WENDI
REGION CODE ADDRESS : 4410 VAN NESS ST NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,688.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.41300
----------------------------------------------------------------
0 0031174261 MORTGAGORS: WEDDINGTON MILO
WEDDINGTON ANN
REGION CODE ADDRESS : 1231 BAYSIDE DRIVE
01 CITY : CORONA DEL MAR
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,588.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,880.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.27200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,814,000.00
P & I AMT: 12,806.77
UPB AMT: 1,812,679.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031174287 MORTGAGORS: HARRIS MICHAEL
HARRIS JANICE
REGION CODE ADDRESS : 88 HENRY CASE WAY
01 CITY : SOUTH KINGSTOWN
STATE/ZIP : RI 02879
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,203.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.86800
----------------------------------------------------------------
0 0031174311 MORTGAGORS: CUCCIA THOMAS
CUCCIA SHEILA
REGION CODE ADDRESS : 25 LILY POND DRIVE
01 CITY : CAMDEN
STATE/ZIP : ME 04843
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,302.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031174329 MORTGAGORS: PEARCE KEVIN
PEARCE SANDRA
REGION CODE ADDRESS : 19 ALICE PLACE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 521,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 521,122.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,691.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.85897
----------------------------------------------------------------
0 0031174352 MORTGAGORS: PAYNE-CHESLEY LISA
REGION CODE ADDRESS : 5950 DOROTHY BOLTON COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031174568 MORTGAGORS: DRISCOLL LARRY
DRISCOLL MARILYN
REGION CODE ADDRESS : W307 N2555 GOLF HILLS DRIVE
01 CITY : PEWAUKEE
STATE/ZIP : WI 53072
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,702,200.00
P & I AMT: 12,011.01
UPB AMT: 1,700,400.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031174667 MORTGAGORS: WRIGHT D
HACHEY MARIE
REGION CODE ADDRESS : 60 WOODLAND AVE
01 CITY : MELROSE
STATE/ZIP : MA 02176
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,170.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031174790 MORTGAGORS: PETERSON MARK
PETERSON JEANINE
REGION CODE ADDRESS : 2033 HATCH ROAD
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 619,143.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,495.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.94100
----------------------------------------------------------------
0 0031174816 MORTGAGORS: CHAUDHARY SUDHIR
CHAUDHARY ANILA
REGION CODE ADDRESS : 3507 FOXRIDGE COURT
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,477.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0031174865 MORTGAGORS: MAININI MICHAEL
BURD-MAININI LAURY
REGION CODE ADDRESS : 4806 SORANI WAY
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,101.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.18100
----------------------------------------------------------------
0 0031174899 MORTGAGORS: MCCHESNEY JOHN
MCCHESNEY JO ANNE
REGION CODE ADDRESS : 1546 LEROY AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,398.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,044.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.43280
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,961,100.00
P & I AMT: 13,976.07
UPB AMT: 1,958,290.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031174915 MORTGAGORS: KETELSEN JOHN
KETELSEN SHARON
REGION CODE ADDRESS : 5108 SILVERADO TRAIL
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,795.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.29100
----------------------------------------------------------------
0 0031174964 MORTGAGORS: LARSEN FRAN
LARSEN KATHRINE
REGION CODE ADDRESS : 301 EAST VIRGINIA TERRACE
01 CITY : SANTA PAULA
STATE/ZIP : CA 93060
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,379.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,137.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------
0 0031174980 MORTGAGORS: LIN CHING-HSING
TAN SHAO-JU
REGION CODE ADDRESS : 5823 AMAPOLA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,354.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.71000
----------------------------------------------------------------
0 0031175011 MORTGAGORS: JOHNSON CHRISTOPHER
JOHNSON ANTONIA
REGION CODE ADDRESS : 4402 TRAVANCORE COURT
01 CITY : BALTIMORE
STATE/ZIP : MD 21133
MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,327.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031175086 MORTGAGORS: BOLTER JONATHAN
BOLTER CAROL
REGION CODE ADDRESS : 5833 GRANITE HILLS DRIVE SOUTH
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,068.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,248.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,855,700.00
P & I AMT: 13,250.98
UPB AMT: 1,850,926.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031175201 MORTGAGORS: GRUBB GEORGE
GRUBB LAURA
REGION CODE ADDRESS : 785 RIVERSIDE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,551.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.31300
----------------------------------------------------------------
0 0031175219 MORTGAGORS: HEYDE DONALD
HEYDE DONNA
REGION CODE ADDRESS : 1609 VIA SAGE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,818.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031175243 MORTGAGORS: BITTNER CRAIG
REGION CODE ADDRESS : 1802 17TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90404
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,642.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031175250 MORTGAGORS: UYENO MICHAEL
UYENO SHELLEY
REGION CODE ADDRESS : 775 WEST OAKCREST AVENUE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,433.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0031175276 MORTGAGORS: HENSON MARTIN
HENSON ELISHA
REGION CODE ADDRESS : 440 STRATFORD PARK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,849.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.11400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,324,200.00
P & I AMT: 9,478.51
UPB AMT: 1,321,295.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031175292 MORTGAGORS: CHRISTENSEN KIM
CHRISTENSEN CHRISTINA
REGION CODE ADDRESS : 361 LOMA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,836.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031175318 MORTGAGORS: PRESCOTT TIMOTHY
PRESCOTT SUSAN
REGION CODE ADDRESS : 10 SUGAR BUSH
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 235,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,598.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031175417 MORTGAGORS: LEONHARD SCOTT
LEONHARD NANCY
REGION CODE ADDRESS : 229 ARUNDEL ROAD
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 309,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,072.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.90000
----------------------------------------------------------------
0 0031175524 MORTGAGORS: YOUNG ROBERT
YOUNG PATRICIA
REGION CODE ADDRESS : 10015 HALE AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 238,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,470.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.61100
----------------------------------------------------------------
0 0031175722 MORTGAGORS: JELLISON MICHAEL
JELLISON PATRICIA
REGION CODE ADDRESS : 2001 TURNBERRY COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,600.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.75700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,450.00
P & I AMT: 9,554.02
UPB AMT: 1,327,578.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031175748 MORTGAGORS: RADOSAVLJEVICH MILAN
RADOSAVLJEVICH ZORICA
REGION CODE ADDRESS : 19201 BECKWITH ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,546.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0031175755 MORTGAGORS: FRISCHKORN ALLEN
FRISCHKORN MARY
REGION CODE ADDRESS : 12218 MONTANA AVE # 303
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 449,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,166.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,142.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.97900
----------------------------------------------------------------
0 0031175771 MORTGAGORS: KORSAN ROBERT
REGION CODE ADDRESS : 11864 ELBA COURT
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 179,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,006.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,283.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031175797 MORTGAGORS: AMBARIAN SATENIK
REGION CODE ADDRESS : 714 17TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,645.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.86500
----------------------------------------------------------------
0 0031175821 MORTGAGORS: DODDS JEFFREY
DODDS JILL
REGION CODE ADDRESS : 2608 E LAS POSAS CIRCLE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,482.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.47050
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,650.00
P & I AMT: 10,724.47
UPB AMT: 1,523,848.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031175839 MORTGAGORS: REITER RACHELLE
REGION CODE ADDRESS : 676 BERRY AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,533.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.36000
----------------------------------------------------------------
0 0031175854 MORTGAGORS: FULLER ROBERT
REGION CODE ADDRESS : 1716 PARKER STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94703
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,645.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031175862 MORTGAGORS: LANDAU URI
LANDAU JUDITH
REGION CODE ADDRESS : 5989 AGEE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,608.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031175888 MORTGAGORS: GULINO ROBERT
GULINO TAKAKO
REGION CODE ADDRESS : 12130 MELLOWOOD DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,427.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031175896 MORTGAGORS: CRISPINO RALPH
SUILMANN MARY
REGION CODE ADDRESS : 1 CARISBROOK DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,144.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,000.00
P & I AMT: 10,908.64
UPB AMT: 1,546,360.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031175904 MORTGAGORS: GREGG JAMES
GREGG MARTHA
REGION CODE ADDRESS : 281 16TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,577.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,123.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.89400
----------------------------------------------------------------
0 0031175912 MORTGAGORS: LA MOTTE ANITA
REGION CODE ADDRESS : 12848 MEADOWDALE LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,817.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031175920 MORTGAGORS: CARBONE STEVEN
CARBONE MICHELLE
REGION CODE ADDRESS : 10788 ROCHESTER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,393.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031175938 MORTGAGORS: SONG ANDY
SONG YA-YIN
REGION CODE ADDRESS : 13733 HOWEN DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,376.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,152.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031175953 MORTGAGORS: LEWIS ALBERT
LEWIS CATHERINE
REGION CODE ADDRESS : 5203 CRESTILINE WAY
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,639.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,829,200.00
P & I AMT: 13,107.23
UPB AMT: 1,825,805.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031176035 MORTGAGORS: AHN SHANG
AHN JONG
REGION CODE ADDRESS : 9764 LA TIERRA CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031176209 MORTGAGORS: LEEVER BRENT
LEEVER DONNA
REGION CODE ADDRESS : 1529 GREAT HERON DR
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 258,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,174.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031176225 MORTGAGORS: TAYLOR ALEXANDER
TAYLOR CLARISSA
REGION CODE ADDRESS : 880 EAST ESTATES DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,503.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.38500
----------------------------------------------------------------
0 0031176233 MORTGAGORS: EDINGTON MARK
GARDNER-EDINGTON I. LORENA
REGION CODE ADDRESS : 169 BAJA SOL COURT
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
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 : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031176258 MORTGAGORS: ARGUELLO GUILLERMO
ARGUELLO MARTHA
REGION CODE ADDRESS : 131 ALPINE WAY
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,646.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.41700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,550.00
P & I AMT: 9,933.66
UPB AMT: 1,417,647.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031176266 MORTGAGORS: CARR FRANK
CARR PAULINE
REGION CODE ADDRESS : 77 BELL CANYON DR
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 299,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,403.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.39200
----------------------------------------------------------------
0 0031176357 MORTGAGORS: MICHAEL JAMES
MICHAEL MYRA
REGION CODE ADDRESS : 370 HIGH DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,740.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,733.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 44.35200
----------------------------------------------------------------
0 0031176530 MORTGAGORS: CRAMER KYLE
CRAMER CHANDRA
REGION CODE ADDRESS : 761 STRAWBERRY HILL DRIVE
01 CITY : GLENCOE
STATE/ZIP : IL 60022
MORTGAGE AMOUNT : 321,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,517.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,277.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031176621 MORTGAGORS: KVAMMEN KENNETH
KVAMMEN ELIZABETH
REGION CODE ADDRESS : 452 GAVIOTA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,617.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031176639 MORTGAGORS: HILDEBRANDT VERN
HILDEBRANDT DIANNA
REGION CODE ADDRESS : 5108 VIA ESTANCIA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,487.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.20500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,600.00
P & I AMT: 11,447.05
UPB AMT: 1,610,766.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031176647 MORTGAGORS: MARTINEZ PAUL
MARTINEZ JULIANNE
REGION CODE ADDRESS : 1680 MAYWOOD AVENUE
01 CITY : UPLAND
STATE/ZIP : CA 91784
MORTGAGE AMOUNT : 160,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,278.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,163.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.75600
----------------------------------------------------------------
0 0031176654 MORTGAGORS: GINEZ GRACIELA
REGION CODE ADDRESS : 4306 WEST WOODLAND AVENUE
01 CITY : BURBANK
STATE/ZIP : CA 91505
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,782.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,061.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031176688 MORTGAGORS: HULD PALLE
REGION CODE ADDRESS : 3098 MIRA VISTA WAY
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 119,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,831.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 852.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.96200
----------------------------------------------------------------
0 0031176696 MORTGAGORS: GOULET RICHARD
OLIVA-GOULET NANCY
REGION CODE ADDRESS : 17240 HIGH COUNTRY CIRCLE
01 CITY : PERRIS
STATE/ZIP : CA 92570
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 : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031176712 MORTGAGORS: ZHOU MAI
CHEN XIAOLAN
REGION CODE ADDRESS : 18 WASHINGTON
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 234,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,450.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 944,300.00
P & I AMT: 6,725.68
UPB AMT: 942,945.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031176720 MORTGAGORS: DOLCH DEBRA
REGION CODE ADDRESS : 165-167 SOUTH PARK STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94107
MORTGAGE AMOUNT : 353,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,092.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,563.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 51.23100
----------------------------------------------------------------
0 0031176738 MORTGAGORS: LAMM ALBERT
LAMM KATHLEEN
REGION CODE ADDRESS : 3315 COLINA LINDA
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,544.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90314
----------------------------------------------------------------
0 0031176746 MORTGAGORS: CHIEN WEN-LEI
CHIEN YUEH-HWA
REGION CODE ADDRESS : 1809 DIAMOND KNOLL LANE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 648,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 646,619.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,642.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.84200
----------------------------------------------------------------
0 0031176753 MORTGAGORS: MCLAURY DOUGLAS
MCLAURY ELIZABETH
REGION CODE ADDRESS : 4607 ARCOLA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,125.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.70100
----------------------------------------------------------------
0 0031176779 MORTGAGORS: SHULMAN IVAN
REGION CODE ADDRESS : 10338 TENNESSEE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,143.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,987.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,143,500.00
P & I AMT: 15,416.66
UPB AMT: 2,132,526.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031176787 MORTGAGORS: CORMIER LEONARD
CORMIER GLORIA
REGION CODE ADDRESS : 2220 FOOTHILL BOULEVARD
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,307.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 38.23500
----------------------------------------------------------------
0 0031176795 MORTGAGORS: DUKE STEPHEN
REGION CODE ADDRESS : 3388 WEST WILD DUNES PLACE
01 CITY : LECANTO
STATE/ZIP : FL 34461
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,444.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031176803 MORTGAGORS: MCNEAL DANIEL
MCNEAL AMY
REGION CODE ADDRESS : 29972 HAPPY SPARROW LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 234,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,250.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0031176811 MORTGAGORS: CESA IAN
BAKER LAURA
REGION CODE ADDRESS : 149 NORTH VAN NESS AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 506,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 505,514.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,583.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.95300
----------------------------------------------------------------
0 0031176829 MORTGAGORS: MICKELSON LAURA
REGION CODE ADDRESS : 3756 CLAYTON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,593.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,593,850.00
P & I AMT: 11,267.78
UPB AMT: 1,591,110.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031177033 MORTGAGORS: CRAWFORD BRIAN
REGION CODE ADDRESS : 4 FAIRVIEW AVENUE
01 CITY : MONTAUK
STATE/ZIP : NY 11954
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031177165 MORTGAGORS: MITOMA WILLIAM
MITOMA LYNN
REGION CODE ADDRESS : 2800 MIRA BELLA CIRCLE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,101.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.20930
----------------------------------------------------------------
0 0031177173 MORTGAGORS: KROEGER-SPICER SCOTT
COLE-SPICER LAURA
REGION CODE ADDRESS : 3726 WOOD DUCK CIRCLE
01 CITY : STOCKTON
STATE/ZIP : CA 95207
MORTGAGE AMOUNT : 254,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,871.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031177314 MORTGAGORS: MEYER RICHARD
MURTHY MALINI
REGION CODE ADDRESS : 340 BARRACK HILL RD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.27200
----------------------------------------------------------------
0 0031177363 MORTGAGORS: FISCHER GABRIELE
REGION CODE ADDRESS : 188 HITCHCOCK COURT
01 CITY : ORANGE
STATE/ZIP : CT 06477
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,313.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.83900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,287,750.00
P & I AMT: 9,040.84
UPB AMT: 1,286,612.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031177371 MORTGAGORS: DAVIES DAVID
BASTOVAN JANET
REGION CODE ADDRESS : 12230 KINGHAM RANCH ROAD
01 CITY : FELTON
STATE/ZIP : CA 95018
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,563.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031177439 MORTGAGORS: SWANSON KAREN
LOMBARDO MICHAEL
REGION CODE ADDRESS : 83 RICHMONDVILLE AVENUE
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 408,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,104.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,890.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.02600
----------------------------------------------------------------
0 0031177447 MORTGAGORS: ROSEN CHAD
BASILE DEBRA
REGION CODE ADDRESS : 55 ROBERT ROAD
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031177454 MORTGAGORS: MANITI ELMER
MANITI DORIS
REGION CODE ADDRESS : 3101 WALDIE COURT
01 CITY : LAKEWOOD
STATE/ZIP : CA 90712
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,460.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031177520 MORTGAGORS: ZANELLA DOUGLAS
ZANELLA KARON
REGION CODE ADDRESS : 25561 ADRIANA STREET
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,805.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.96600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,800.00
P & I AMT: 10,717.50
UPB AMT: 1,507,333.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031177645 MORTGAGORS: DELLAMONICA JAMES
REGION CODE ADDRESS : 604 BRISTOL AVENUE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,963.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,231.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031178007 MORTGAGORS: SUSSMAN STEVEN
REGION CODE ADDRESS : 53 ROCKY KNOLL
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 238,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,235.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.96700
----------------------------------------------------------------
0 0031178106 MORTGAGORS: VANSTONE DARLENE
REGION CODE ADDRESS : 307 SCHOOL STREET
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,832.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031178122 MORTGAGORS: TREFETHEN WILLIAM
TREFETHEN MARIA
REGION CODE ADDRESS : 32711 BALLENA
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,307.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031178387 MORTGAGORS: DEL MUNDO FERDINAND
DEL MUNDO CONCHITA
REGION CODE ADDRESS : 12660 STANTON AVENUE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,478.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,800.00
P & I AMT: 11,019.94
UPB AMT: 1,547,817.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031178460 MORTGAGORS: SUMPLE DONALD
SUMPLE ROBIN
REGION CODE ADDRESS : 962 ROLLING WOODS WAY
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,678.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.56500
----------------------------------------------------------------
0 0031178502 MORTGAGORS: FARRELL EDMUND
FARRELL JANE
REGION CODE ADDRESS : 2703 FRANKLIN STREET
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,568.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.35800
----------------------------------------------------------------
0 0031178544 MORTGAGORS: SAAVEDRA ALBERTO
SAAVEDRA LORI
REGION CODE ADDRESS : 4341 REDWOOD AVENUE #4
01 CITY : MARINA DEL REY AREA
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,674.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031178601 MORTGAGORS: ALLEN CHARLES
ALLEN LOREEN
REGION CODE ADDRESS : 6 EAGLE RIDGE COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 645,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,008.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,458.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.68100
----------------------------------------------------------------
0 0031178759 MORTGAGORS: CANNISTRACI DAVID
CANNISTRACI KATHLEEN
REGION CODE ADDRESS : 6139 FRANCISCAN WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.11300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,799,000.00
P & I AMT: 12,584.77
UPB AMT: 1,797,184.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031178775 MORTGAGORS: SCHWEITZER DONALD
SCHWEITZER DELIA
REGION CODE ADDRESS : 5358 E. RURAL RIDGE CIRCLE
01 CITY : ANAHIEM HILLS
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,672.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.23800
----------------------------------------------------------------
0 0031179070 MORTGAGORS: OCHS BURT
OCHS CINDY
REGION CODE ADDRESS : 15 FOREST HILL DRIVE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 231,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.89500
----------------------------------------------------------------
0 0031179443 MORTGAGORS: WHITNEY DEE
REGION CODE ADDRESS : 229 STUART ROBESON DRIVE
01 CITY : MC LEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 574,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 573,517.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,770.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031179625 MORTGAGORS: SCHOEFELL JOHN
SCHOEFELL JOANNE
REGION CODE ADDRESS : 37 REGENA
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,361.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031179765 MORTGAGORS: KENIN STEPHEN
KENIN JEAN
REGION CODE ADDRESS : 623 DOLORES ROAD
01 CITY : TAOS
STATE/ZIP : NM 87571
MORTGAGE AMOUNT : 155,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,769.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,083.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,950.00
P & I AMT: 10,499.11
UPB AMT: 1,517,670.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031179872 MORTGAGORS: ADAMS KAREN
REGION CODE ADDRESS : 120 MELIN DRIVE
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.29800
----------------------------------------------------------------
0 0031179914 MORTGAGORS: HOPE WILLIAM
HOPE FRANCIS
REGION CODE ADDRESS : 27 REDWOOD CIRCLE
01 CITY : SHELTON
STATE/ZIP : CT 06484
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031179948 MORTGAGORS: REID GAIL
REGION CODE ADDRESS : 4101 ELMER AVENUE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91602
MORTGAGE AMOUNT : 375,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,471.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031179963 MORTGAGORS: OLEXIEWICZ DANIEL
OLEXIEWICZ KIMBERLY
REGION CODE ADDRESS : 19456 COLLIER STREET
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,190.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031180110 MORTGAGORS: LUTJE DANIEL
LUTJE DIXIE
REGION CODE ADDRESS : 2439 PANORAMA TERRACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90039
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,836.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.06200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,150.00
P & I AMT: 10,537.05
UPB AMT: 1,494,317.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031180144 MORTGAGORS: WESKE GARY
WESKE MARCIA
REGION CODE ADDRESS : 2856 BUTTERS DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,963.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031180177 MORTGAGORS: SOVIK MICHAEL
SOVIK CARMEN
REGION CODE ADDRESS : 1069 BRIARCLIFF ROAD
01 CITY : MONROVIA
STATE/ZIP : CA 91016
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031180235 MORTGAGORS: SIERRA VICTOR
SIERRA VICTORIA
REGION CODE ADDRESS : 13505 VINEWOOD STREET
01 CITY : WESTMINSTER
STATE/ZIP : CA 92683
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,572.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031180250 MORTGAGORS: GEORGE STUART
REGION CODE ADDRESS : 8301-09 FENTON ROAD
01 CITY : GLENSIDE
STATE/ZIP : PA 19038
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,107.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031180342 MORTGAGORS: KURDLE KYLE
KURDLE JENNIFER
REGION CODE ADDRESS : 14721 TRIDELPHIA ROAD
01 CITY : GLENELG
STATE/ZIP : MD 21737
MORTGAGE AMOUNT : 275,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,730.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,384,900.00
P & I AMT: 9,981.87
UPB AMT: 1,382,165.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031180441 MORTGAGORS: ALLAN THOMAS
ALLAN KATHLEEN
REGION CODE ADDRESS : 23 & 25 63RD PLACE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031180524 MORTGAGORS: ROSENBLUM CHARLES
ROSENBLUM JANE
REGION CODE ADDRESS : 10 BLACKWELL ROAD
01 CITY : RARITAN TOWNSHIP
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,775.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.05900
----------------------------------------------------------------
0 0031181035 MORTGAGORS: LAM CHARLES
REGION CODE ADDRESS : 35120 PASHAL PLACE
01 CITY : WILDOMAR
STATE/ZIP : CA 92595
MORTGAGE AMOUNT : 129,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,906.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 913.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.85200
----------------------------------------------------------------
0 0031181399 MORTGAGORS: SANIE MICHAEL
SANIE CELINE
REGION CODE ADDRESS : 332 TRENTON WAY
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 480,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,434.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,320.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031181449 MORTGAGORS: TAYLOR ROBERT
TAYLOR LAURA
REGION CODE ADDRESS : 3019 FRIENDS ROAD
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,790.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,603,550.00
P & I AMT: 11,049.00
UPB AMT: 1,599,624.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031181472 MORTGAGORS: HARRISON EDWARD
HARRISON LEORA
REGION CODE ADDRESS : 3470 CONSTELLATION DRIVE
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 234,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,372.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,560.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 59.37900
----------------------------------------------------------------
0 0031181522 MORTGAGORS: DE JESUS RONALD
KIANI ARLENE
REGION CODE ADDRESS : 583 PROSPECT AVENUE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,517.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031181779 MORTGAGORS: DUBREUIL ELLIOTT
DUBREUIL BETTY
REGION CODE ADDRESS : 32 MARSEILLE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,943.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.56756
----------------------------------------------------------------
0 0031181878 MORTGAGORS: DUKE STEPHEN
REGION CODE ADDRESS : 17001 CANDELEDA DE AVILA
01 CITY : TAMPA
STATE/ZIP : FL 33613
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,987.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,160.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.09800
----------------------------------------------------------------
0 0031182108 MORTGAGORS: SKAGGS MARTHA
REGION CODE ADDRESS : 1564 ULUPUNI STREET
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,759.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.32100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,637,550.00
P & I AMT: 11,452.05
UPB AMT: 1,631,581.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031182199 MORTGAGORS: OSBORNE-VANDERBILT SHIRLEY
REGION CODE ADDRESS : 1720 MILLSIDE TRACE
01 CITY : SMYRANA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 272,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,804.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.99901
----------------------------------------------------------------
0 0031182215 MORTGAGORS: O'DONNELL PATRICK
COLEMAN JANET
REGION CODE ADDRESS : 10887 KINGS ROAD
01 CITY : VENTURA
STATE/ZIP : CA 93004
MORTGAGE AMOUNT : 229,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,422.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031182223 MORTGAGORS: DEVEREAUX MARIE
KRUY STEVEN
REGION CODE ADDRESS : 6330 286TH PLACE N.E.
01 CITY : CARNATION
STATE/ZIP : WA 98014
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.97500
----------------------------------------------------------------
0 0031182314 MORTGAGORS: QUIST-NATTER FELIX
QUIST-NATTER JEANNE
REGION CODE ADDRESS : 23 VIRGINIA ROAD
01 CITY : MAPLEWOOD
STATE/ZIP : NJ 07040
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,647.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.47300
----------------------------------------------------------------
0 0031182322 MORTGAGORS: BALEY JOHN
REGION CODE ADDRESS : 6232 OAKBROOK CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,632.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,461.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.30700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,100.00
P & I AMT: 11,026.98
UPB AMT: 1,550,290.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031182454 MORTGAGORS: NICHOLS DALE
NICHOLS CAROLYN
REGION CODE ADDRESS : 7407 DAPHNE DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,803.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.24200
----------------------------------------------------------------
0 0031182496 MORTGAGORS: SKRINCOSKY DENNIS
SKRINCOSKY DOROTHY
REGION CODE ADDRESS : 11714 CRIPPEN COURT
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,721.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031182686 MORTGAGORS: RITTER SAMUEL
SNIDER A
REGION CODE ADDRESS : 8 FORREST COURT NORTH
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : NJ 08852
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,766.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0031182850 MORTGAGORS: WOOD JEFFREY
WOOD SHERRY
REGION CODE ADDRESS : 12867 LINCOLN AVENUE
01 CITY : CLIVE
STATE/ZIP : IA 50325
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031182868 MORTGAGORS: DENNIS STEVEN
DENNIS SONA
REGION CODE ADDRESS : 24 MENTONE DRIVE
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 700,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 698,329.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,146.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 60.86900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,961,500.00
P & I AMT: 14,169.51
UPB AMT: 1,959,121.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031183049 MORTGAGORS: WILSON LANCE
LENKEI CHRISTINE
REGION CODE ADDRESS : 32370 DETROIT ROAD
01 CITY : AVON
STATE/ZIP : OH 44011
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031183098 MORTGAGORS: PAULUS JOHN
PAULUS KAREN
REGION CODE ADDRESS : 4930 LOWER MACUNGIE ROAD
01 CITY : MACUNGIE
STATE/ZIP : PA 18062
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,411.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.36842
----------------------------------------------------------------
0 0031183197 MORTGAGORS: KOSIOREK J
KOSIOREK MARYANN
REGION CODE ADDRESS : 4145 EAST GRANDVIEW CIRCLE
01 CITY : MESA
STATE/ZIP : AZ 85205
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031183304 MORTGAGORS: LAU MICHAEL
LAU SUSAN
REGION CODE ADDRESS : 810 SPRING CREEK DRIVE
01 CITY : RIPON
STATE/ZIP : CA 95366
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,813.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,516.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 81.42800
----------------------------------------------------------------
0 0031183635 MORTGAGORS: DOBSON JONATHAN
DOBSON DONNA
REGION CODE ADDRESS : 708 LOMA ADRIA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,312,000.00
P & I AMT: 9,295.13
UPB AMT: 1,310,995.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031183643 MORTGAGORS: HELMKE JOHN
HELMKE DEBRA
REGION CODE ADDRESS : 2 EDGEWOOD CIRCLE
01 CITY : ORANGEBURG
STATE/ZIP : NY 10962
MORTGAGE AMOUNT : 182,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 182,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,335.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031183668 MORTGAGORS: CUPKOVIC MARK
CUPKOVIC JANE
REGION CODE ADDRESS : 42 CAUDATOWA DRIVE
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,999.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031183791 MORTGAGORS: ZERCOE MARCIA
MYERS CLIFFORD
REGION CODE ADDRESS : 804 AVONWOOD DRIVE
01 CITY : WAYNE
STATE/ZIP : PA 19087
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031184252 MORTGAGORS: WOOD CHRISTOPHER
WOOD SALLY
REGION CODE ADDRESS : 861 S. WAVELAND ROAD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 421,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,302.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.32100
----------------------------------------------------------------
0 0031184369 MORTGAGORS: ESTEP JAY
ESTEP JANET
REGION CODE ADDRESS : 25286 ABILENE COURT
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,677.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,149.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.07800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,725,800.00
P & I AMT: 12,264.40
UPB AMT: 1,724,682.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031184427 MORTGAGORS: SHEERIN CYNTHIA
REGION CODE ADDRESS : 1727 SPRUCE STREET
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,120.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.00000
----------------------------------------------------------------
0 0031184484 MORTGAGORS: CHRZANOWSKI MICHAEL
MURPHY KATHLEEN
REGION CODE ADDRESS : 38 BEECH TREE RIDGE
01 CITY : KILLINGWORTH
STATE/ZIP : CT 06417
MORTGAGE AMOUNT : 239,590.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,420.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.86300
----------------------------------------------------------------
0 0031184583 MORTGAGORS: SILVERSTEIN DAVID
REGION CODE ADDRESS : 2185 ARGYLE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,795.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.85700
----------------------------------------------------------------
0 0031184815 MORTGAGORS: MC GEORGE EUGENE
REGION CODE ADDRESS : 12917 VALLEYHEART DRIVE #14
01 CITY : STUDIO CITY AREA (CITY O
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 239,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,076.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,693.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.76500
----------------------------------------------------------------
0 0031185085 MORTGAGORS: DAVIS SCOTT
DAVIS STEPHAINE
REGION CODE ADDRESS : 26059 GLASGOW DRIVE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 307,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,907.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.91000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,308,490.00
P & I AMT: 9,174.77
UPB AMT: 1,306,321.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031185150 MORTGAGORS: FREESTONE DAVID
FREESTONE JENNIFER
REGION CODE ADDRESS : 1000 PROSPECT AVENUE
01 CITY : TAKOMA PARK
STATE/ZIP : MD 20912
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,751.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031185259 MORTGAGORS: BRAUWEILER MARTIN
BRAUWEILER KAREN
REGION CODE ADDRESS : 56 HUNTSMAN TRAIL
01 CITY : PLANO
STATE/ZIP : IL 60545
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,719.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,746.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031185382 MORTGAGORS: KYKER WILLIAM
KYKER ELIZABETH
REGION CODE ADDRESS : 5162 GAGNE COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,141.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.54800
----------------------------------------------------------------
0 0031186026 MORTGAGORS: D'ARCY LAWRENCE
STAFFORD CAROL
REGION CODE ADDRESS : 1757 NORTHPOINT STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 544,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,625.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,944.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031186042 MORTGAGORS: BOYNTON MATTHEW
BOYNTON SUZANNE
REGION CODE ADDRESS : 36 ATLANTIC DRIVE
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,875.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,476.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,907,100.00
P & I AMT: 13,613.00
UPB AMT: 1,899,113.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031186166 MORTGAGORS: HEELAN BRIAN
HEELAN DEBORAH
REGION CODE ADDRESS : 101 WALNUT HILL ROAD
01 CITY : BETHEL
STATE/ZIP : CT 06801
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031186182 MORTGAGORS: LU MEI
FENG JIE
REGION CODE ADDRESS : 31265 SHOREBIRD DRIVE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,645.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.03550
----------------------------------------------------------------
0 0031186265 MORTGAGORS: KING DIANA
KAUFMAN MATTHEW
REGION CODE ADDRESS : 475 SOUTH LEXINGTON AVENUE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10606
MORTGAGE AMOUNT : 250,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,027.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031186422 MORTGAGORS: FOSINA ROBERT
FOSINA DOROTHY
REGION CODE ADDRESS : 206 PONUS AVENUE
01 CITY : NORWALK
STATE/ZIP : CT 06850
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,758.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.29100
----------------------------------------------------------------
0 0031186455 MORTGAGORS: WALKER WENDY
FAGERNESS TIMOTHY
REGION CODE ADDRESS : 36311 249TH AVENUE SOUTHEAST
01 CITY : ENUMCLAW
STATE/ZIP : WA 98022
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,777.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,600.00
P & I AMT: 10,005.93
UPB AMT: 1,408,609.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031186554 MORTGAGORS: OSTERLING-HOCHSTADT LAURA
REGION CODE ADDRESS : 8785 CLOUDVIEW WAY
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 268,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,100.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031186570 MORTGAGORS: OSBORNE ROBERT
OSBORNE DOREE
REGION CODE ADDRESS : 14808 POPLAR HILL ROAD
01 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,030.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.87800
----------------------------------------------------------------
0 0031186851 MORTGAGORS: RICCIARDI DAVID
SHERIDAN JULIE
REGION CODE ADDRESS : 5 MANNETTI LANE
01 CITY : GREENWICH
STATE/ZIP : CT 06807
MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,941.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031186943 MORTGAGORS: PODGURSKI THOMAS
REGION CODE ADDRESS : 24 PLYMOUTH ROAD
01 CITY : PORT WASHINGTON
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.89100
----------------------------------------------------------------
0 0031186984 MORTGAGORS: SCHOLLNICK ALLAN
SCHOLLNICK LEE
REGION CODE ADDRESS : 28165 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,271.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,300.00
P & I AMT: 10,520.02
UPB AMT: 1,517,653.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031187065 MORTGAGORS: SKIDMORE GLENN
SKIDMORE ALYSE
REGION CODE ADDRESS : 12 INDEPENDENCE DRIVE
01 CITY : SHELTON
STATE/ZIP : CT 06484
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,980.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031187156 MORTGAGORS: WHINNEY CHARLES
WHINNEY MARY
REGION CODE ADDRESS : 1386 TANGLEWOOD DRIVE
01 CITY : NORTH WALES
STATE/ZIP : PA 19454
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,452.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.33000
----------------------------------------------------------------
0 0031187420 MORTGAGORS: PINE POLLY
DABBS JACK
REGION CODE ADDRESS : 591 UNIVERSITY AVENUE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,656.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,896.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.26800
----------------------------------------------------------------
0 0031187461 MORTGAGORS: JONES BARBARA
EGELHOFF KELLY
REGION CODE ADDRESS : 11154 SPOONER COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,749.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,543.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.58500
----------------------------------------------------------------
0 0031187511 MORTGAGORS: GUYOT DEBORAH
REGION CODE ADDRESS : 17 SARGENT ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.91500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,691,900.00
P & I AMT: 11,767.22
UPB AMT: 1,690,338.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031187719 MORTGAGORS: SIZEMORE GWENDOLYN
REGION CODE ADDRESS : 2427 80TH AVE NORTH
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19150
MORTGAGE AMOUNT : 51,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 51,263.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 367.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031187750 MORTGAGORS: SCALA GIOVANNI
SCALA DONNA
REGION CODE ADDRESS : 5015 SILVERADO TRAIL
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.60600
----------------------------------------------------------------
0 0031187859 MORTGAGORS: CHAPLER RICHARD
CHAPLER JANICE
REGION CODE ADDRESS : 25581 CHIMERA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,483.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031187883 MORTGAGORS: SIEGER DAVID
SIEGER ROSEMARIE
REGION CODE ADDRESS : 509 STONEHENGE DRIVE
01 CITY : LITITZ
STATE/ZIP : PA 17543
MORTGAGE AMOUNT : 413,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,708.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,958.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.64100
----------------------------------------------------------------
0 0031187909 MORTGAGORS: WILLINGHAM TERESA
WILLINGHAM BENNY
REGION CODE ADDRESS : 16158 LA QUINTA COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 236,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,487.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,530,950.00
P & I AMT: 10,746.76
UPB AMT: 1,529,943.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031187941 MORTGAGORS: CHALAM V
CHALAM MANGALAMBAL
REGION CODE ADDRESS : 1 APPLE ORCHARD ROAD
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
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 : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.38600
----------------------------------------------------------------
0 0031187974 MORTGAGORS: GOODMAN STEVEN
GOODMAN ABBE
REGION CODE ADDRESS : 28170 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 243,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,718.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031188063 MORTGAGORS: THORPE JACK
THORPE SUSAN
REGION CODE ADDRESS : 738 ROSECRANS STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 458,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,368.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,246.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.46200
----------------------------------------------------------------
0 0031188170 MORTGAGORS: LEWITT BRYAN
REGION CODE ADDRESS : 3580 CARIBETH DRIVE
01 CITY : ENCINO AREA
STATE/ZIP : CA 91436
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031188212 MORTGAGORS: BROWN LAWRENCE
BROWN BARBARA
REGION CODE ADDRESS : 105 PAUL REVERE ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.51000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,690,600.00
P & I AMT: 11,722.01
UPB AMT: 1,689,515.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031188261 MORTGAGORS: KENNEDY JACK
KENNEDY LISA
REGION CODE ADDRESS : 2875 CALLE RANCHO VISTA
01 CITY : OLIVENHAIN AREA
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 624,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 623,559.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,470.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031188279 MORTGAGORS: CLARK DAVID
CLARK VICKI
REGION CODE ADDRESS : 7541 POWDERORN DRIVE
01 CITY : LITTLETOWN
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 178,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,374.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,278.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 85.00000
----------------------------------------------------------------
0 0031188311 MORTGAGORS: YANCEY STEVEN
YANCEY TERESA
REGION CODE ADDRESS : 876 ROXANNE AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,632.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031188527 MORTGAGORS: BECKER KATHRYN
REGION CODE ADDRESS : 1623 LYNDHURST AVENUE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 200,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,650.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,404.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031188543 MORTGAGORS: LEBRASSEUR KAREN
LEBRASSEUR RICHARD
REGION CODE ADDRESS : 962 NEW NORWALK RD
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,554.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,195.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.20792
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,840,100.00
P & I AMT: 13,045.01
UPB AMT: 1,838,772.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031188634 MORTGAGORS: BAUMAN RICHARD
BAUMAN LAURA
REGION CODE ADDRESS : 21321 WINDSTREAM CIRCLE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,818.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031188683 MORTGAGORS: FINNEY STEPHEN
FINNEY KELLY
REGION CODE ADDRESS : 7235 ESTEPA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91042
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,323.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031188725 MORTGAGORS: GONG KINMAN
GONG JEANNETTE
REGION CODE ADDRESS : 810 FOX GLEN PLACE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,733.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.43000
----------------------------------------------------------------
0 0031188741 MORTGAGORS: INCERPI MARC
INCERPI KATHLEEN
REGION CODE ADDRESS : 11957 BEAUFAIT AVENUE
01 CITY : LOS ANGELES NORTHRIDGE AR
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,957.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031188808 MORTGAGORS: CRAWFORD ROBERT
CRAWFORD LESLIE
REGION CODE ADDRESS : 1112 STEELE DRIVE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,951.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,000.00
P & I AMT: 9,864.43
UPB AMT: 1,406,784.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031188840 MORTGAGORS: CHOI EDWIN
REGION CODE ADDRESS : 1308 CANTERBURY LANE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,294.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0031189400 MORTGAGORS: HENDRICKS JAMES
REGION CODE ADDRESS : 5650 PRESTWICK LANE
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,700.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,824.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.47400
----------------------------------------------------------------
0 0031189517 MORTGAGORS: BALLARD JOHN
BALLARD KATHLEEN
REGION CODE ADDRESS : 18051 IDYLWILD ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95033
MORTGAGE AMOUNT : 468,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,052.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,277.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031189574 MORTGAGORS: KLIMA ROBERT
KLIMA SUZANNE
REGION CODE ADDRESS : 1016 WILLIAMSBURG CIRCLE
01 CITY : GRAYSLAKE
STATE/ZIP : IL 60030
MORTGAGE AMOUNT : 231,540.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,354.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,559.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031189608 MORTGAGORS: SALTA REMO
MEGILL MARTHA
REGION CODE ADDRESS : 35 E GLEN AVENUE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07451
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.32400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,613,790.00
P & I AMT: 11,201.81
UPB AMT: 1,612,402.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031189632 MORTGAGORS: SCHULMAN KEVIN
BERLIN BRENDA
REGION CODE ADDRESS : 2308 NORTH VERMONT STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 434,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,485.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,077.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.05400
----------------------------------------------------------------
0 0031189657 MORTGAGORS: OWENS RONALD
OWENS JOANNE
REGION CODE ADDRESS : 8281 ARMETALE LANE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,760.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,094.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.98500
----------------------------------------------------------------
0 0031189723 MORTGAGORS: KAFADAR CEMAL
NECIPOGLU-FAFADAR GULRU
REGION CODE ADDRESS : 33 LINNAEAN STREET #33-3
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,602.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,479.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.16300
----------------------------------------------------------------
0 0031189871 MORTGAGORS: MALLEY THOMAS
MALLEY BARBARA
REGION CODE ADDRESS : 550 DEL ORO DRIVE
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,839.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.28500
----------------------------------------------------------------
0 0031189921 MORTGAGORS: HUGHES RICHARD
RUNYON-HUGHES MARY
REGION CODE ADDRESS : 12206 SWEETWATER CT
01 CITY : STAFFORD
STATE/ZIP : TX 77477
MORTGAGE AMOUNT : 118,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,012.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 825.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,701,900.00
P & I AMT: 11,741.48
UPB AMT: 1,698,699.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031189962 MORTGAGORS: GOODBAR WILLIAM
GOODBAR DENISE
REGION CODE ADDRESS : 110 KENILWORTH ROAD
01 CITY : MOUNTAIN LAKES BORO
STATE/ZIP : NJ 07046
MORTGAGE AMOUNT : 274,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.54300
----------------------------------------------------------------
0 0031189970 MORTGAGORS: KATRI JOSEPH
KATRI JUDITE
REGION CODE ADDRESS : 11415 NOGALE STREET
01 CITY : CORAL GABLES
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 407,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,397.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,850.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031190101 MORTGAGORS: LECROY PHILIP
LECROY LILLIAN
REGION CODE ADDRESS : 1280 CHESAPEAKE DRIVE
01 CITY : CHURCHTON
STATE/ZIP : MD 20733
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,535.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,674.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031190135 MORTGAGORS: HARRIS PHYLISS
REGION CODE ADDRESS : 15 N. MISTY MORN LANE
01 CITY : EWING
STATE/ZIP : NJ 08638
MORTGAGE AMOUNT : 99,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 702.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031190200 MORTGAGORS: LEE YEON
LEE SUN
REGION CODE ADDRESS : 12 GARNER DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,121.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.28700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,000.00
P & I AMT: 9,018.81
UPB AMT: 1,282,153.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031190408 MORTGAGORS: WHITE ROBERT
WHITE JEANNE
REGION CODE ADDRESS : 1763 THISTLE WAY
01 CITY : MALVERN
STATE/ZIP : PA 19355
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.44700
----------------------------------------------------------------
0 0031190598 MORTGAGORS: DRUMMY WILLIAM
DRUMMY SUSAN
REGION CODE ADDRESS : 12572 HINTON WAY
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,046.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031190671 MORTGAGORS: DHAS CHRIS
DHAS MOLLY
REGION CODE ADDRESS : 3270 WILLOW GLEN DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,755.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.03600
----------------------------------------------------------------
0 0031190697 MORTGAGORS: KENWORTHY KEVIN
KENWORTHY LISA
REGION CODE ADDRESS : 2139 TORONTO STREET
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,716.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031190770 MORTGAGORS: TAYLOR L
TAYLOR MICHELLE
REGION CODE ADDRESS : 3520 TILDEN STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,770.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 51.37600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,250.00
P & I AMT: 10,240.67
UPB AMT: 1,486,109.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031190887 MORTGAGORS: TYNDALL G
TYNDALL MARY
REGION CODE ADDRESS : 6369 DIDION COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,551.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.90800
----------------------------------------------------------------
0 0031191018 MORTGAGORS: JOSEPH CHARLES
JOSEPH KATHRYN
REGION CODE ADDRESS : 1144 DRAKE AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 615,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 614,061.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,247.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.54500
----------------------------------------------------------------
0 0031191158 MORTGAGORS: GREEN TERRY
GREEN JACKE
REGION CODE ADDRESS : 48555 VERBENA ROAD
01 CITY : PALM DESERT
STATE/ZIP : CA 92260
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,325.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031191216 MORTGAGORS: MALM EVAN
MALM LISA
REGION CODE ADDRESS : 2745 MIRA VISTA DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 324,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,514.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031191232 MORTGAGORS: THORNTON MICHAEL
REGION CODE ADDRESS : 4021 KNOBHILL DRIVE
01 CITY : (SHERMAN OAKS AREA) LOS A
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 337,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,592.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.89300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,818,350.00
P & I AMT: 12,706.99
UPB AMT: 1,816,044.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031191257 MORTGAGORS: FLORES LINO
FLORES ANNABELLE
REGION CODE ADDRESS : 35646 BEECHING LANE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,581.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031191299 MORTGAGORS: LAKOTA MICHAEL
LAKOTA KATHLEEN
REGION CODE ADDRESS : 10 NORTH CHESTNUT COURT
01 CITY : HAWTHORNE WOODS
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,655.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.50400
----------------------------------------------------------------
0 0031191307 MORTGAGORS: BLEECKER GENE
REGION CODE ADDRESS : 23273 SHERWOOD PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,757.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031191356 MORTGAGORS: SMART RICHARD
SMART JANN
REGION CODE ADDRESS : 309 PIPER CUB COURT
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 239,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,160.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99860
----------------------------------------------------------------
0 0031191380 MORTGAGORS: PANTANO PETER
FOLEY-PANTANO LORRAINE
REGION CODE ADDRESS : 8 OLDE LYNE ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,756.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,500.00
P & I AMT: 10,475.35
UPB AMT: 1,461,911.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031191406 MORTGAGORS: BENDER KENNETH
BENDER BARBARA
REGION CODE ADDRESS : 36 SARATOGA
01 CITY : RANCHO SANTA MARGARITA (A
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,594.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.82030
----------------------------------------------------------------
0 0031191448 MORTGAGORS: WARE RONNIE
REGION CODE ADDRESS : 14701 JONES BRIDGE ROAD
01 CITY : BOWIE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 298,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,811.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031191471 MORTGAGORS: SIENS JOHN
REGION CODE ADDRESS : 18739 FAIRFAX LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 243,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,968.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
0 0031191489 MORTGAGORS: HIGHLAND KENNETH
SCHNELL HIGHLAND MARILYN
REGION CODE ADDRESS : 773 SUNSET GLEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,118.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031191497 MORTGAGORS: BERGANTINO JOSEPH
BERGANTINO CANDY
REGION CODE ADDRESS : 16 ALBERTA ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 587,563.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,111.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.43000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,685,950.00
P & I AMT: 12,225.18
UPB AMT: 1,683,055.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031191505 MORTGAGORS: WEATHERWAX MICHAEL
WEATHERWAX JEANNE MARIE
REGION CODE ADDRESS : 3000 MEDINA DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,593.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.44444
----------------------------------------------------------------
0 0031191778 MORTGAGORS: ASHLEY RONALD
REGION CODE ADDRESS : 64 OAKMONT AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 600,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,186.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,354.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.97400
----------------------------------------------------------------
0 0031191893 MORTGAGORS: KENNEDY JOSEPH
KENNEDY LORRAINE
REGION CODE ADDRESS : 2443 JACARANDA DR
01 CITY : OXNARD
STATE/ZIP : CA 93030
MORTGAGE AMOUNT : 259,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,907.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031192032 MORTGAGORS: FISHER KEITH
REGION CODE ADDRESS : 14704 TUSTIN STREET
01 CITY : LOS ANGELES SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,432.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031192339 MORTGAGORS: PRATER JOHN
BURGESS CHRISTINE
REGION CODE ADDRESS : 1705 MOHLE DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 203,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 202,853.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,436.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,700.00
P & I AMT: 10,873.29
UPB AMT: 1,527,541.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031192487 MORTGAGORS: KRAUSE ROBERT
KRAUSE LINDA
REGION CODE ADDRESS : 36245 SUMMITVILLE STREET
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,789.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.48600
----------------------------------------------------------------
0 0031192610 MORTGAGORS: ROBB DOUGLAS
ROBB DARA
REGION CODE ADDRESS : 88 CHAPEL HILL TERR
01 CITY : KINNELON
STATE/ZIP : NJ 07405
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.21600
----------------------------------------------------------------
0 0031192628 MORTGAGORS: LOPEZ EDUARDO
LOPEZ JUDITH
REGION CODE ADDRESS : 12725 STANWOOD DRIVE
01 CITY : MAR VISTA
STATE/ZIP : CA 90066
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.07600
----------------------------------------------------------------
0 0031192883 MORTGAGORS: BYLES STUART
YESETA MARIE
REGION CODE ADDRESS : 4825 JANVIER WAY
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 138,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,900.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 976.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031192974 MORTGAGORS: WOODRUFF JAMES
WOODRUFF MERRY
REGION CODE ADDRESS : 12250 DARKWOOD ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,219,000.00
P & I AMT: 8,583.79
UPB AMT: 1,218,307.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031193048 MORTGAGORS: KALINOWSKI WILLIAM
KALINOWSKI JOY
REGION CODE ADDRESS : 319 29TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 587,102.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,061.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031193063 MORTGAGORS: DOUGLAS ODIE
DOUGLAS CORA
REGION CODE ADDRESS : 10100 CAPRILLI DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95829
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,595.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031193279 MORTGAGORS: BOEMMEL MARGARET
BOEMMEL MICHAEL
REGION CODE ADDRESS : 2026 SILVERWOOD DRIVE
01 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,270.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,065.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.88000
----------------------------------------------------------------
0 0031193287 MORTGAGORS: SAATCHI SAEED
SAATCHI DDONNA
REGION CODE ADDRESS : 26 DORANNE LANE
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,496.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031193311 MORTGAGORS: CARO JAIME
CARO ROSA
REGION CODE ADDRESS : 17026 CROSS SPRINGS DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77095
MORTGAGE AMOUNT : 144,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,893.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,006.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,723,000.00
P & I AMT: 11,858.71
UPB AMT: 1,720,357.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031193345 MORTGAGORS: LE PHU
LE MAYUMI
REGION CODE ADDRESS : 6511 SAN ANSELMO WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,832.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.68500
----------------------------------------------------------------
0 0031193543 MORTGAGORS: CHOUDHARY VISHNU
CHOUDHARY SUSEELA
REGION CODE ADDRESS : 2195 PALMER PLACE
01 CITY : TUSTIN
STATE/ZIP : CA 92680
MORTGAGE AMOUNT : 477,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,289.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031193550 MORTGAGORS: SKENDERIAN VAHAN
SKENDERIAN SHARON
REGION CODE ADDRESS : 240 THE TOLEDO
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,549.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031193568 MORTGAGORS: WATERHOUSE THOMAS
WATERHOUSE KATHY
REGION CODE ADDRESS : 17 RENA COURT
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,663.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031193709 MORTGAGORS: STEADY GLENDON
STEADY LYNN
REGION CODE ADDRESS : 100 ATLANTIC AVENUE
01 CITY : SINKING SPRINGS
STATE/ZIP : PA 19608
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,663.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.94600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,000.00
P & I AMT: 10,611.15
UPB AMT: 1,494,998.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031193725 MORTGAGORS: SIMON DENNIS
SIMON PATRICIA
REGION CODE ADDRESS : 107 ESTON DRIVE
01 CITY : GOOSE CREEK
STATE/ZIP : SC 29445
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,039.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031193741 MORTGAGORS: MURDOCK DAVID
MURDOCK MARCELLE
REGION CODE ADDRESS : 27221 SOUTHEAST 224TH STREET
01 CITY : MAPLE VALLEY
STATE/ZIP : WA 98038
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,172.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.09300
----------------------------------------------------------------
0 0031193758 MORTGAGORS: BAT-HAEE SEAN
BAT-HAEE FARIBA
REGION CODE ADDRESS : 7804 UMSTEAD FOREST DR
01 CITY : RALEIGH
STATE/ZIP : NC 27612
MORTGAGE AMOUNT : 239,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,425.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031193774 MORTGAGORS: LOCKETT JOHN
RODGERS MICHAEL
REGION CODE ADDRESS : 101 COLVARD CT
01 CITY : FOREST HILL
STATE/ZIP : MD 21050
MORTGAGE AMOUNT : 263,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,194.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.34600
----------------------------------------------------------------
0 0031193782 MORTGAGORS: SKAWSKI JOHN
SKAWSKI SANDRA
REGION CODE ADDRESS : 565 FAIRVIEW
01 CITY : ELMHURST
STATE/ZIP : IL 60126
MORTGAGE AMOUNT : 278,640.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,245.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,274,290.00
P & I AMT: 9,061.47
UPB AMT: 1,272,076.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031193790 MORTGAGORS: SASSAMAN VIRGINIA
SASSAMAN ROBERT
REGION CODE ADDRESS : 3618 VAN NESS ST NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,680.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.61700
----------------------------------------------------------------
0 0031193808 MORTGAGORS: JAMES TODD
JAMES COLLEEN
REGION CODE ADDRESS : 120 W. IRONWOOD LANE
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,627.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.79100
----------------------------------------------------------------
0 0031193857 MORTGAGORS: MEANS OTIS
DRAPER SARA
REGION CODE ADDRESS : 4031 SCHWEEN COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,609.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.71800
----------------------------------------------------------------
0 0031193923 MORTGAGORS: OBERMEYER WILLIAM
OBERMEYER LINDA
REGION CODE ADDRESS : 28159 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 282,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,645.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031193949 MORTGAGORS: BLOMGREN S.
BLOMGREN GRACE
REGION CODE ADDRESS : 1071 LONGVIEW AVE
01 CITY : PISMO BEACH
STATE/ZIP : CA 93449
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,249.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,425,350.00
P & I AMT: 10,268.79
UPB AMT: 1,423,811.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031194020 MORTGAGORS: KREUTZ JAMES
KREUTZ MARTHA
REGION CODE ADDRESS : 6023 S BELLAIRE WAY
01 CITY : LITTLETON
STATE/ZIP : CO 80121
MORTGAGE AMOUNT : 276,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,494.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.46900
----------------------------------------------------------------
0 0031194053 MORTGAGORS: SANDERS RONALD
SANDERS PEGGY
REGION CODE ADDRESS : 25063 OWENS LAKE CIRCLE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,042.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031194087 MORTGAGORS: KAGEL STEVEN
KAGEL LYNN
REGION CODE ADDRESS : 25542 CREEK DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,407.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031194129 MORTGAGORS: HAYDEN ANDREW
HAYDEN JANET
REGION CODE ADDRESS : 1676 SORRENTO PLACE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,103.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,914.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/17
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.49125
----------------------------------------------------------------
0 0031194145 MORTGAGORS: LIST BARRY
LIST DIANE
REGION CODE ADDRESS : 20380 VIA LAS VILLAS
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.85567
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,550.00
P & I AMT: 11,657.58
UPB AMT: 1,607,600.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031194285 MORTGAGORS: YEN CHI-KWAN
TAN YEN MARY
REGION CODE ADDRESS : 363 TENNESSEE LANE
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 432,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,171.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,063.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031194319 MORTGAGORS: PARAGAS ARNOLD
PARAGAS EVANGELINE
REGION CODE ADDRESS : 53 MIDVALE AVENUE
01 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,376.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031194327 MORTGAGORS: LEDWITH KENNETH
LEDWITH KASSAWAN
REGION CODE ADDRESS : 310 CARDIFF COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,361.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031194525 MORTGAGORS: MILOS JAN
REGION CODE ADDRESS : 24132 EL TIRADORE CIRCLE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 135,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,899.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 943.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031194566 MORTGAGORS: GROM EDWARD
RIVETT CARA
REGION CODE ADDRESS : 1709 LANDON HILL ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 321,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,223.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,302.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,472,000.00
P & I AMT: 10,481.63
UPB AMT: 1,470,032.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031194715 MORTGAGORS: LIANG CHANG
ZHOU MEI
REGION CODE ADDRESS : 18657 E. NOTTINGHAM LANE
01 CITY : ROWLAND HEIGHTS
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,609.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031194806 MORTGAGORS: STONE RICHARD
STONE LONA
REGION CODE ADDRESS : 805 NORTH LINDEN DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,529.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 34.21000
----------------------------------------------------------------
0 0031194814 MORTGAGORS: MORENO ISIDORO
MORENO LISA
REGION CODE ADDRESS : 6223 LAWRENCE ST
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,883.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031194830 MORTGAGORS: RIFFERT JEFFREY
RIFFERT CAROL
REGION CODE ADDRESS : 912 WARREN CROSSING
01 CITY : COPPELL
STATE/ZIP : TX 75019
MORTGAGE AMOUNT : 279,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,543.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031194889 MORTGAGORS: CARTER CHARLES
CARTER LINDA
REGION CODE ADDRESS : 27 BARRINGTON LANE
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,549.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,363.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,747,150.00
P & I AMT: 12,439.66
UPB AMT: 1,745,116.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031194897 MORTGAGORS: KEARNS TERRY
KEARNS JOANN
REGION CODE ADDRESS : 1274 REEDER CIRCLE
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,636.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031194913 MORTGAGORS: ZOSEL MARY
MISLINSKI CATHERINE
REGION CODE ADDRESS : W289 N106 ELMHURST DR.
01 CITY : TOWN OF DELAFIELD
STATE/ZIP : WI 53188
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,491.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.09400
----------------------------------------------------------------
0 0031195027 MORTGAGORS: SOBOCINSKI DONALD
SOBOCINSKI CHONGSON
REGION CODE ADDRESS : 2938 MAYGLEN WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031195316 MORTGAGORS: SOUTHARD SAMUEL
SOUTHARD CHERYL
REGION CODE ADDRESS : 395 SOUTH ONEIDA DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91107
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.66600
----------------------------------------------------------------
0 0031195373 MORTGAGORS: YOUNG TOMMY
YOUNG JUDY
REGION CODE ADDRESS : 1792 SWYNFORD LANE
01 CITY : COLLIERVILLE
STATE/ZIP : TN 38017
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,596.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.02500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,388,400.00
P & I AMT: 9,785.76
UPB AMT: 1,386,746.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031195464 MORTGAGORS: REMAKER PHILLIP
REMAKER THERESA
REGION CODE ADDRESS : 1302 NANCARROW WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 374,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,828.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,585.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031196017 MORTGAGORS: DIAZ JOSE
DIAZ ANA
REGION CODE ADDRESS : 2121 BAYVIEW DRIVE
01 CITY : IRVING
STATE/ZIP : TX 75060
MORTGAGE AMOUNT : 122,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 890.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 76.71800
----------------------------------------------------------------
0 0031196025 MORTGAGORS: YOO PETER DONG
YOO HAE
REGION CODE ADDRESS : 493 SUMMIT KNOLL COURT
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,824.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031196033 MORTGAGORS: VERCOE DERRICK
VERCOE LORRIE
REGION CODE ADDRESS : 3685 NEWCREST POINT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 304,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,729.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031196041 MORTGAGORS: ZAHABIZADEH BABAK
BLANC ALETA
REGION CODE ADDRESS : 929 BUENA VISTA STREET
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,552.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,712.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.36200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,695,100.00
P & I AMT: 12,067.23
UPB AMT: 1,693,684.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031196066 MORTGAGORS: MIZER DALE
MIZER COLLEEN
REGION CODE ADDRESS : 15605 60TH DRIVE S.E.
01 CITY : SNOHOMISH
STATE/ZIP : WA 98296
MORTGAGE AMOUNT : 246,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,762.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.66100
----------------------------------------------------------------
0 0031196157 MORTGAGORS: FERGUSON ROBERT
FERGUSON RANAE
REGION CODE ADDRESS : 14503 49TH DRIVE SE
01 CITY : EVERETT
STATE/ZIP : WA 98208
MORTGAGE AMOUNT : 140,680.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,578.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 995.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031196215 MORTGAGORS: STONE JOHN
GREENWELL-STONE ERIKA
REGION CODE ADDRESS : 8312 BARTLEY CIRCLE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 206,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,392.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,426.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031196223 MORTGAGORS: SWARTZ KRISTIAN
REGION CODE ADDRESS : 1348 MINTER ROAD
01 CITY : PLANO
STATE/ZIP : TX 75023
MORTGAGE AMOUNT : 87,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 87,856.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 622.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031196348 MORTGAGORS: BACA JAMES
BACA CINDY
REGION CODE ADDRESS : 6210 EAST BLAIRWOOD LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 466,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,585.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,149,050.00
P & I AMT: 7,935.66
UPB AMT: 1,148,175.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031196405 MORTGAGORS: ZACHER MARK
ZACHER CAROLINE
REGION CODE ADDRESS : 1046 COOLIDGE DRIVE
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 213,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,595.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,512.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031196454 MORTGAGORS: KUO TEH
KUO SHO
REGION CODE ADDRESS : 1508 HOAAINA STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96821
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,698.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031196462 MORTGAGORS: HATCH PETER
HATCH MASSIE
REGION CODE ADDRESS : 10 MARIPOSA
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 341,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,846.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031196611 MORTGAGORS: SCHOELLKOPFF ERNEST
KOSTER KAREN
REGION CODE ADDRESS : 317 WOODLAND ROAD
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,769.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031196751 MORTGAGORS: FOREST JAMES
FOREST VIRGINIA
REGION CODE ADDRESS : 5090 DASSIA WAY
01 CITY : OCEANSIDE
STATE/ZIP : CA 92056
MORTGAGE AMOUNT : 263,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,373.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,800.00
P & I AMT: 11,592.27
UPB AMT: 1,611,282.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031196926 MORTGAGORS: PASTRANO MANFRED
WONG MING
REGION CODE ADDRESS : 25-1/2 ST. FELIX STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11217
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,033.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031197031 MORTGAGORS: HAAS NOEL
HAAS LAURA
REGION CODE ADDRESS : 3511 TWISTED OAKS DRIVE
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78217
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031197148 MORTGAGORS: CARRUTHERS DOUGLAS
CARRUTHERS GENA
REGION CODE ADDRESS : 1234 PLUM TREE ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 308,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,041.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,184.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98753
----------------------------------------------------------------
0 0031197247 MORTGAGORS: JONES DANIEL
JONES SUSAN
REGION CODE ADDRESS : 4 PARKVIEW CIRCLE
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.36700
----------------------------------------------------------------
0 0031197320 MORTGAGORS: ADLER JAY
ADLER MARILYN
REGION CODE ADDRESS : 1470 OAK PLACE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 387,360.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,360.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,741.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,310.00
P & I AMT: 10,985.29
UPB AMT: 1,545,205.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031197775 MORTGAGORS: MORETTI MARK
MORETTI LESLIE
REGION CODE ADDRESS : 983 SHOAL DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031197791 MORTGAGORS: HEARD EDWARD
HEARD CHRISTINE
REGION CODE ADDRESS : 88 REED RANCH ROAD
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 639,525.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,474.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.50300
----------------------------------------------------------------
0 0031197817 MORTGAGORS: CUNNINGHAM MARK
CUNNINGHAM LESLIE
REGION CODE ADDRESS : 1928 SANDPIPER LANE
01 CITY : PLANO
STATE/ZIP : TX 75075
MORTGAGE AMOUNT : 234,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,238.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031197825 MORTGAGORS: CRONK CHRIS
CUMMINGS CRONK MARY
REGION CODE ADDRESS : 340 WHITETAIL CIRCLE
01 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,313.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0031197833 MORTGAGORS: HAUSCHILD J
HAUSCHILD AMY GRACE
REGION CODE ADDRESS : 2121 HULDY
01 CITY : HOUSTON
STATE/ZIP : TX 77019
MORTGAGE AMOUNT : 251,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,698.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,639,800.00
P & I AMT: 11,426.60
UPB AMT: 1,638,572.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031197866 MORTGAGORS: BORG JR FRANCIS
BORG LOURDES
REGION CODE ADDRESS : 51 KING ARTHUR CT NORTH
01 CITY : ST JAMES
STATE/ZIP : NY 11780
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.37500
----------------------------------------------------------------
0 0031197957 MORTGAGORS: ZAKAS JON
REGION CODE ADDRESS : 810 RUTHERFORD CIRCLE
01 CITY : BRENTWOOD
STATE/ZIP : CA 94513
MORTGAGE AMOUNT : 250,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,563.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031198054 MORTGAGORS: FORSHEY JOHN
FORSHEY BEVERLY
REGION CODE ADDRESS : 6525 CASTLE PINES ROAD
01 CITY : FORT WORTH
STATE/ZIP : TX 76132
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,756.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031198120 MORTGAGORS: GAUMOND MICHAEL
GAUMOND JULIE
REGION CODE ADDRESS : 706 AND 706A AVOCADO AVENUE
01 CITY : CORONOA DEL MAR
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,722.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,815.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.93100
----------------------------------------------------------------
0 0031198203 MORTGAGORS: DUDAL STEVEN
DUDAL TERESE
REGION CODE ADDRESS : 17 APPLEGATE LANE
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,512.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.26900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,750.00
P & I AMT: 11,012.80
UPB AMT: 1,580,043.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031198211 MORTGAGORS: PIDDINGTON KENNETH
PIDDINGTON PATRICIA
REGION CODE ADDRESS : 1115 MONROE TURNPIKE
01 CITY : MONROE
STATE/ZIP : CT 06468
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031198278 MORTGAGORS: DAMSTETTER DONALD
STENGER GAIL
REGION CODE ADDRESS : 315 KENTUCKY AVENUE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22305
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,589.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031198377 MORTGAGORS: WOOLF HOWARD
O'DONNELL ARLEEN
REGION CODE ADDRESS : 20 STOWELL ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 300,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,587.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.12800
----------------------------------------------------------------
0 0031198419 MORTGAGORS: RATKE THOMAS
RATKE BONNIE
REGION CODE ADDRESS : 6049 WEST ROBIN LANE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,805.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.94000
----------------------------------------------------------------
0 0031198476 MORTGAGORS: HELLRIEGEL FRANK
HELLRIEGEL KATHLEEN
REGION CODE ADDRESS : 1 HIGHLAND DRIVE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,078.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.60000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,600.00
P & I AMT: 11,029.31
UPB AMT: 1,580,732.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031198559 MORTGAGORS: BENOIT-HARRIS DEBBIE
HARRIS JOSEPH
REGION CODE ADDRESS : 11 PEDDRICK ROAD
01 CITY : WAYNE
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 264,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,888.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031198617 MORTGAGORS: AMSTUTZ ROBERT
AMSTUTZ KARI
REGION CODE ADDRESS : 3460 DECKER CANYON ROAD
01 CITY : MALIBU AREA
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,354.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031199029 MORTGAGORS: SEXTON GLENN
SEXTON MARY
REGION CODE ADDRESS : 4818 ANALII STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96821
MORTGAGE AMOUNT : 525,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 525,073.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,812.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 82.80300
----------------------------------------------------------------
0 0031199037 MORTGAGORS: CLEMENS ALFRED
CAGGIANO-CLEMENS GABRIELLE
REGION CODE ADDRESS : 43 POND BROOK CIRCLE
01 CITY : WESTON
STATE/ZIP : MA 02193
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,804.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 55.40000
----------------------------------------------------------------
0 0031199052 MORTGAGORS: IMRE ROBERT
IMRE VICTORIA
REGION CODE ADDRESS : 8601 WATKINS RUN COURT
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 245,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,804.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,651.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,637,100.00
P & I AMT: 11,390.36
UPB AMT: 1,634,926.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031199102 MORTGAGORS: LICQURISH CLINT
LICQURISH MARY
REGION CODE ADDRESS : 18 ROBBINS FARM ROAD
01 CITY : DUNSTABLE
STATE/ZIP : MA 01827
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,463.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.60000
----------------------------------------------------------------
0 0031199318 MORTGAGORS: BEYER DENNIS
BEYER DOREEN
REGION CODE ADDRESS : 8537 LUPINE COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 494,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,614.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,369.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.88800
----------------------------------------------------------------
0 0031199334 MORTGAGORS: SCHALLER JOHN
SCHALLER CAROL
REGION CODE ADDRESS : 341 WRIGHT AVENUE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 299,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,654.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.30200
----------------------------------------------------------------
0 0031199425 MORTGAGORS: GRANDE STEPHEN
HOWARD-GRANDE STACEY
REGION CODE ADDRESS : 3030 BLACKTHORN
01 CITY : RIVERWOODS
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 401,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,909.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.95400
----------------------------------------------------------------
0 0031199607 MORTGAGORS: EBERLE GEOFFREY
REGION CODE ADDRESS : 15 CANDLESTICK LANE
01 CITY : UPR SADDLE RIVER
STATE/ZIP : NJ 07458
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,136.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,720,750.00
P & I AMT: 11,875.03
UPB AMT: 1,720,118.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031199805 MORTGAGORS: MORELLI ANTHONY
REGION CODE ADDRESS : 1507 NORTH KEYSTONE
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,454.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031199821 MORTGAGORS: STANLEY SAMUEL
STANLEY PEGGY
REGION CODE ADDRESS : 36 EASTVIEW DRIVE
01 CITY : ELKTON
STATE/ZIP : MD 21921
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,639.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031199847 MORTGAGORS: FRANZ STEVEN
FRANZ SUSAN
REGION CODE ADDRESS : 1221 NORTH BELMONT AVENUE
01 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60004
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,455.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.18100
----------------------------------------------------------------
0 0031199854 MORTGAGORS: KELLEY DAVID
KELLEY GAY
REGION CODE ADDRESS : 12530 E CAPE HORN DRIVE
01 CITY : TUCSON
STATE/ZIP : AZ 85749
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031199862 MORTGAGORS: CLASEN DAVID
CLASEN DEBORAH
REGION CODE ADDRESS : 7 BRIDLE PATH
01 CITY : HAWTHORN WOODS
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 297,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,928.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,130.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.27800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,589,350.00
P & I AMT: 11,296.02
UPB AMT: 1,587,061.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031199870 MORTGAGORS: COFFMAN LINDA
REGION CODE ADDRESS : 4228 GILBERT AVENUE
01 CITY : DALLAS
STATE/ZIP : TX 75219
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,510.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031199888 MORTGAGORS: BROUSSELY BRUCE
BROUSSELY MARY
REGION CODE ADDRESS : 2751 WEST BANEBERRY COURT
01 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,651.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031199896 MORTGAGORS: PORTSCHELLER DAWN
REGION CODE ADDRESS : 5218 333RD AVENUE SOUTHEAST
01 CITY : FALL CITY
STATE/ZIP : WA 98024
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,198.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 63.64800
----------------------------------------------------------------
0 0031199904 MORTGAGORS: RUSSELL BRYAN
RUSSELL ANNIE
REGION CODE ADDRESS : 3908 EAGLE WAY
01 CITY : PROSPECT
STATE/ZIP : KY 40059
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,503.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.77400
----------------------------------------------------------------
0 0031199912 MORTGAGORS: HERZ DAVID
HERZ LESLIE
REGION CODE ADDRESS : 4060 PEBBLE BEACH DRIVE
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 340,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,929.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,468.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.22500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,382,900.00
P & I AMT: 9,959.62
UPB AMT: 1,380,794.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031199920 MORTGAGORS: RADCLIFF MICHAEL
RADCLIFF MARGENE
REGION CODE ADDRESS : 14707 WOOD CREEK COURT
01 CITY : PERRYSBURG
STATE/ZIP : OH 43551
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,270.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,426.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.53100
----------------------------------------------------------------
0 0031199946 MORTGAGORS: STRATTON STANLEY
STRATTON TANDY
REGION CODE ADDRESS : 368 ADAMS STREET
01 CITY : DENVER
STATE/ZIP : CO 80206
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,344.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.06000
----------------------------------------------------------------
0 0031199953 MORTGAGORS: STEVENS MATTHEW
STEVENS SUSAN
REGION CODE ADDRESS : 26133 NORTH ORCHARD LANE
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,878.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031199961 MORTGAGORS: MURPHY BERNETTE
MURPHY CHERYL
REGION CODE ADDRESS : 1864 EAST SEGO LILY DRIVE
01 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,861.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.98100
----------------------------------------------------------------
0 0031199979 MORTGAGORS: CARSON CHRISTOPHER
KAST-CARSON MARIA
REGION CODE ADDRESS : 17 SUNNYHILL DRIVE
01 CITY : PITTSBURGH
STATE/ZIP : PA 15228
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,082.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.59400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,690,900.00
P & I AMT: 11,953.90
UPB AMT: 1,688,437.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031199987 MORTGAGORS: WITZENS FRED
WITZENS DOROTHY
REGION CODE ADDRESS : 3731 N BEAR CREEK CIR
01 CITY : TUCSON
STATE/ZIP : AZ 85749
MORTGAGE AMOUNT : 255,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,064.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 46.43600
----------------------------------------------------------------
0 0031199995 MORTGAGORS: ARCHER DAVID
ARCHER ANITRA
REGION CODE ADDRESS : 1373 CHESTNUT RIDGE DRIVE
01 CITY : STATE COLLEGE
STATE/ZIP : PA 16803
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,127.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.07600
----------------------------------------------------------------
0 0031200009 MORTGAGORS: JANAS ROBERT
JANAS MONICA
REGION CODE ADDRESS : 825 CABERNET LANE
01 CITY : ST ALBANS
STATE/ZIP : MO 63073
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,620.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.64400
----------------------------------------------------------------
0 0031200017 MORTGAGORS: GOLDBERG GILBERT
GOLDBERG JACQUELINE
REGION CODE ADDRESS : 142 PLANTATION LANE
01 CITY : STEVENSVILLE
STATE/ZIP : MD 21666
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,490.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031200082 MORTGAGORS: NUELLE MARK
NUELLE BERNADETTE
REGION CODE ADDRESS : 3 NEW LEBBON ROAD
01 CITY : NEWTOWN
STATE/ZIP : CT 06482
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,408.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,398,500.00
P & I AMT: 10,296.12
UPB AMT: 1,396,711.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031200116 MORTGAGORS: JOSHI SANJAY
REGION CODE ADDRESS : 47724 BOWLINE TERRACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 163,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 163,415.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,088.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031200140 MORTGAGORS: COOPER MARSHALL
COOPER SHARON
REGION CODE ADDRESS : 24022 PARK CASINO
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,725.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.85700
----------------------------------------------------------------
0 0031200173 MORTGAGORS: ZACHARKO STEPHEN
REGION CODE ADDRESS : 21 CHUCTA ROAD
01 CITY : SEYMOUR
STATE/ZIP : CT 06483
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,698.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,735.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031200231 MORTGAGORS: AMABILE ANGELA
AMABILE ANTHONY
REGION CODE ADDRESS : 33 WYNCOTE ROAD
01 CITY : HO HO KUS
STATE/ZIP : NJ 07423
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.00000
----------------------------------------------------------------
0 0031200314 MORTGAGORS: MARTINEZ ELISA
REGION CODE ADDRESS : 8676 ENRAMADA AVENUE
01 CITY : WHITTIER
STATE/ZIP : CA 90605
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,550.00
P & I AMT: 11,626.03
UPB AMT: 1,683,840.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031200389 MORTGAGORS: MILLER CHRISTOPHER
MILLER JENNIFER
REGION CODE ADDRESS : 1148 SOLANA DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 390,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,652.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,700.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.94800
----------------------------------------------------------------
0 0031200397 MORTGAGORS: THOMPSON RICHARD
THOMPSON RITA
REGION CODE ADDRESS : 8813 COLLINGWOOD DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78748
MORTGAGE AMOUNT : 117,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 117,516.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 842.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031200595 MORTGAGORS: GOMEZ PETE
GOMEZ ARACELI
REGION CODE ADDRESS : 1742 EAST WALNUT CREEK PARKWAY
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 161,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 161,377.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,115.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031200660 MORTGAGORS: SELVARAJAH SOMASUNDARAM
SELVARAJAH SUSILADHEVI
REGION CODE ADDRESS : 27114 REXFORD PLACE
01 CITY : VALENCIA AREA,
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,336.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031200702 MORTGAGORS: COATS JOHN
COATS TINA
REGION CODE ADDRESS : 160 E LOWELL AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,192,550.00
P & I AMT: 8,372.95
UPB AMT: 1,191,671.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031200777 MORTGAGORS: MASTRANGELO JOHN
MASTRANGELO LILLIAN
REGION CODE ADDRESS : 19 OAKLAND AVENUE
01 CITY : METHUEN
STATE/ZIP : MA 01844
MORTGAGE AMOUNT : 72,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 72,855.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 560.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031200785 MORTGAGORS: ALLEN RICHARD
ALLEN ANNE
REGION CODE ADDRESS : 945 RANDY WAY
01 CITY : BRENTWOOD
STATE/ZIP : CA 94513
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,771.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.09500
----------------------------------------------------------------
0 0031200868 MORTGAGORS: THEILE CLAUS
SHAPIRO STEPHANIE
REGION CODE ADDRESS : 3144 CHERRYTREE LANE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48105
MORTGAGE AMOUNT : 43,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 43,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 308.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 46.34400
----------------------------------------------------------------
0 0031200991 MORTGAGORS: MINNS MICHAEL
REGION CODE ADDRESS : 6145 NW 104 WAY
01 CITY : PARKLAND
STATE/ZIP : FL 33076
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,213.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,042.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031201379 MORTGAGORS: MALLOY JEFFREY
MALLOY SUSAN
REGION CODE ADDRESS : 1695 CLOVIS AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,814.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 83.67000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 949,400.00
P & I AMT: 6,789.40
UPB AMT: 948,755.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031201510 MORTGAGORS: WOOD KELLY
WOOD CAROL
REGION CODE ADDRESS : 2394 STANFORD PLACE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,767.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031201536 MORTGAGORS: DAHLBERG JOHN
DAHLBERG MARILYN
REGION CODE ADDRESS : 55700 PINEHURST
01 CITY : LA QUINTA
STATE/ZIP : CA 92253
MORTGAGE AMOUNT : 850,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 849,415.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,163.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 68.00000
----------------------------------------------------------------
0 0031201775 MORTGAGORS: HOEY DAVID
HOEY ELIZABETH
REGION CODE ADDRESS : 102 CONCORD ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,413.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031201833 MORTGAGORS: NOBLE CHRISTOPHER
NOBLE MARJORY
REGION CODE ADDRESS : 3174 PLUM ISLAND DRIVE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031201924 MORTGAGORS: GILLEN JOHN
GILLEN MICHELLE
REGION CODE ADDRESS : 2901 VIA SAN GORGONIO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92772
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,787.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.41100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,996,600.00
P & I AMT: 14,277.78
UPB AMT: 1,995,382.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031201932 MORTGAGORS: JAFFE BRUCE
SUGIHARA CORINNE
REGION CODE ADDRESS : 9 CROSSKEY
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,756.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031202138 MORTGAGORS: THOMAS GARY
THOMAS JANET
REGION CODE ADDRESS : 29 MAYFLOWER RD
01 CITY : HAMILTON
STATE/ZIP : MA 01936
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,793.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.17100
----------------------------------------------------------------
0 0031202146 MORTGAGORS: BAHR HUNTER
BAHR MARY
REGION CODE ADDRESS : 24 BURNHAM ROAD
01 CITY : WENHAM
STATE/ZIP : MA 01984
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,815.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.81200
----------------------------------------------------------------
0 0031202161 MORTGAGORS: TINDALL FRANCIS
TINDALL HEATHER
REGION CODE ADDRESS : 2445 E. CAROL AVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85028
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,720.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,534.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.94800
----------------------------------------------------------------
0 0031202518 MORTGAGORS: THOMPSON DENNIS
THOMPSON JUDITH
REGION CODE ADDRESS : 37231 NORTH HOLIDAY LANE
01 CITY : CAREFREE
STATE/ZIP : AZ 85377
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,675.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.93200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,000.00
P & I AMT: 11,382.92
UPB AMT: 1,639,761.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031202617 MORTGAGORS: FENNESSY DAVID
FENNESSY DIANE
REGION CODE ADDRESS : 1105 FONTAIN DRIVE
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 239,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,317.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.38200
----------------------------------------------------------------
0 0031202880 MORTGAGORS: WILLIAMS KENNETH
WILLIAMS JANET
REGION CODE ADDRESS : 7 ESTATES DRIVE
01 CITY : VILLA PARK
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 617,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 616,542.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,314.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.55500
----------------------------------------------------------------
0 0031202930 MORTGAGORS: BOGA ALEC
REGION CODE ADDRESS : 204 SHADOW MOUNTAIN ROAD
01 CITY : GARNERVILLE
STATE/ZIP : NV 89410
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,730.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.42800
----------------------------------------------------------------
0 0031202963 MORTGAGORS: CARTER WILLIAM
CARTER CHRISTINA
REGION CODE ADDRESS : 53 HOLLINS DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031202997 MORTGAGORS: JANITELL RALPH
SALISBURY-JANITELL JOY
REGION CODE ADDRESS : 7726 SOUTH FLANDERS STREET
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,653.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,855,500.00
P & I AMT: 13,034.18
UPB AMT: 1,853,961.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031203003 MORTGAGORS: FISHER MARK
FISHER JEAN
REGION CODE ADDRESS : 2743 WENDY DRIVE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60565
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,578.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.41700
----------------------------------------------------------------
0 0031203011 MORTGAGORS: JOHNS CHRISTOPHER
JONES ELIZABETH
REGION CODE ADDRESS : 4293 SPERRYVILLE PK
01 CITY : WOODVILLE
STATE/ZIP : VA 22749
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,305.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,028.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031203029 MORTGAGORS: CHEN CHEN
LIN CHIUNGWEN
REGION CODE ADDRESS : 6133 S NEWARK WAY
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 246,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,824.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031203037 MORTGAGORS: DALY CHARLES
DALY DONNA
REGION CODE ADDRESS : 65 BARRINGTON LN.
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,498.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.23400
----------------------------------------------------------------
0 0031203060 MORTGAGORS: DANIEL ADRIENE
REGION CODE ADDRESS : 1211 DAVENTRY COURT
01 CITY : BOWIE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 236,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,097.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,521,650.00
P & I AMT: 10,464.39
UPB AMT: 1,519,304.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031203268 MORTGAGORS: FITLEBERG MICHAEL
FITLEBERG CARYN
REGION CODE ADDRESS : 5920 COUNTY OAK ROAD
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 498,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,130.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,485.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.96200
----------------------------------------------------------------
0 0031203615 MORTGAGORS: GALLAHGHER MICHAEL
SHAPIRO RUTH
REGION CODE ADDRESS : 149 RICHARDSON DRIVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 349,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,670.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.49107
----------------------------------------------------------------
0 0031203623 MORTGAGORS: ROTH MICHAEL
ROTH BARBARA
REGION CODE ADDRESS : 5120 FROST AVENUE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 235,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,066.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031203714 MORTGAGORS: COWAN ROBERT
COWAN KAREN
REGION CODE ADDRESS : 2273 SAINT CHARLES COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.81400
----------------------------------------------------------------
0 0031203771 MORTGAGORS: CHIU JAMES
CHIU YING
REGION CODE ADDRESS : 1780 MONTEREY DRIVE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,817.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,673,700.00
P & I AMT: 11,493.32
UPB AMT: 1,672,411.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031203789 MORTGAGORS: LIND KATHERINE
MARQUIS JULIE
REGION CODE ADDRESS : 1524 LAFAYETTE
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031203847 MORTGAGORS: FRIDAY BARBARA
FRIDAY KARL
REGION CODE ADDRESS : 66 MEADOWOOD DRIVE
01 CITY : LARKSPUR
STATE/ZIP : CA 94939
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,655.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031204183 MORTGAGORS: ZOBLER NORBERT
ZOBLER LESLIE
REGION CODE ADDRESS : 5268 APPENNINES COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 382,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,402.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,605.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.91800
----------------------------------------------------------------
0 0031204316 MORTGAGORS: ARDESHIRI MOHAMAD
ARDESHIRI GRACE
REGION CODE ADDRESS : 2543 PALOS VERDE DRIVE NORTH
01 CITY : ROLLING HILLS
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,641.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,138.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.65600
----------------------------------------------------------------
0 0031204332 MORTGAGORS: WENTWORTH DIANE
REGION CODE ADDRESS : 360 MALCOLM DR.
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,846,000.00
P & I AMT: 12,805.02
UPB AMT: 1,844,306.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031204373 MORTGAGORS: BELLEGARDE GERTRUDE
BELLEGARDE RAYMOND
REGION CODE ADDRESS : 23 WARREN STREET
01 CITY : STONEHAM
STATE/ZIP : MA 02180
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 733.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 48.78000
----------------------------------------------------------------
0 0031204449 MORTGAGORS: CHEN CHIH-MING
CHEN TUNG-LING
REGION CODE ADDRESS : 15175 OAK SPRING ROAD
01 CITY : LIBERTYVILLE
STATE/ZIP : IL 60048
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,858.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031204464 MORTGAGORS: RAST GEORGE
RAST JOANNE
REGION CODE ADDRESS : 3770 WATERFORD DRIVE
01 CITY : MYRTLE BEACH
STATE/ZIP : SC 29577
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,610.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.78200
----------------------------------------------------------------
0 0031204472 MORTGAGORS: LAWRENCE R
LAWRENCE DONNA
REGION CODE ADDRESS : 7706 227TH STREET SE
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,252.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.72200
----------------------------------------------------------------
0 0031204480 MORTGAGORS: LEFFELHOLZ RICHARD
TRAVIS RITA
REGION CODE ADDRESS : 79 GROVE STREET
01 CITY : NORFOLK
STATE/ZIP : MA 02056
MORTGAGE AMOUNT : 279,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,144.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,170,750.00
P & I AMT: 8,425.36
UPB AMT: 1,168,865.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031204498 MORTGAGORS: EKBACK ROBERT
EKBACK COLLEEN
REGION CODE ADDRESS : 9189 EAST MORNINGSTAR PL.
01 CITY : PARKER
STATE/ZIP : CO 80134
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 : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031204506 MORTGAGORS: ABEL TIMOTHY
ABEL SARA
REGION CODE ADDRESS : 5558 GOLDUST DRIVE
01 CITY : DE PERE
STATE/ZIP : WI 54115
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,633.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031204514 MORTGAGORS: SPECTOR ADAM
SPECTOR JENNIFER
REGION CODE ADDRESS : 326 ALDERWOOD DRIVE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,377.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,715.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.96000
----------------------------------------------------------------
0 0031204688 MORTGAGORS: CHAPMAN-ORD KATHERINE
ORD KENT
REGION CODE ADDRESS : 3238 NW 59TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98107
MORTGAGE AMOUNT : 365,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,354.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031204720 MORTGAGORS: TOMICH ALAN
TOMICH CHERYL
REGION CODE ADDRESS : 10338 PARR AVENUE
01 CITY : SUNLAND
STATE/ZIP : CA 91040
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.78900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,381,600.00
P & I AMT: 9,724.36
UPB AMT: 1,379,915.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031204753 MORTGAGORS: DE SUBIR
DE MAITRAYEE
REGION CODE ADDRESS : 5325 POPLAR VALLEY COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
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 : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.85900
----------------------------------------------------------------
0 0031204787 MORTGAGORS: HEFFERNAN CHARLES
HEFFERNAN WENDY
REGION CODE ADDRESS : 28128 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 264,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,308.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031204795 MORTGAGORS: TONNEY FREDERICK
TONNEY CHLOE
REGION CODE ADDRESS : 2655 LAKE ROAD
01 CITY : TUCKER
STATE/ZIP : GA 30084
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,803.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.77800
----------------------------------------------------------------
0 0031204829 MORTGAGORS: DIAZ ANTONIO
DIAZ DEBRA
REGION CODE ADDRESS : 3701 BATTERSEA ROAD
01 CITY : MIAMI
STATE/ZIP : FL 33133
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031204902 MORTGAGORS: HAFTER MATTHEW
HAFTER BETH
REGION CODE ADDRESS : 905 GREENLEAF AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,382,500.00
P & I AMT: 9,597.76
UPB AMT: 1,381,458.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031205255 MORTGAGORS: JOHNSON ROBERT
REGION CODE ADDRESS : 1820 CATHAY WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.73700
----------------------------------------------------------------
0 0031205420 MORTGAGORS: TALIB-TAYLOR WASFIYAH
TAYLOR CHARLES
REGION CODE ADDRESS : 4 HUNTER LANE
01 CITY : ELMSFORD
STATE/ZIP : NY 10523
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031205529 MORTGAGORS: FITZGERALD JOSEPH
FITZGERALD YOLANDA
REGION CODE ADDRESS : 39 MYOPIA ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 394,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,721.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,822.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 46.35200
----------------------------------------------------------------
0 0031205677 MORTGAGORS: PERLMAN NEIL
PERLMAN RACHEL
REGION CODE ADDRESS : 35 COLDSTREAM CIRCLE
01 CITY : LINCOLNSHIRE
STATE/ZIP : IL 60069
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031205768 MORTGAGORS: HAYES PAUL
REGION CODE ADDRESS : 46 W 75TH STREET #2
01 CITY : NEW YORK
STATE/ZIP : NY 10023
MORTGAGE AMOUNT : 465,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,215.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,799,500.00
P & I AMT: 12,700.75
UPB AMT: 1,798,951.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031205784 MORTGAGORS: SENDERS ROGER
SENDERS SARAH
REGION CODE ADDRESS : 6440 82ND STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031205818 MORTGAGORS: HOLLINGSHEAD ANDREW
HOLLINGSHEAD RAMONA
REGION CODE ADDRESS : 1673 BLEVINS DR
01 CITY : KELLER
STATE/ZIP : TX 76248
MORTGAGE AMOUNT : 258,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031205966 MORTGAGORS: SALOMAN YVONNE
REGION CODE ADDRESS : 201 HARRISON STREET #904
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94105
MORTGAGE AMOUNT : 238,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,777.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031206006 MORTGAGORS: MARRONE GREGORY
DRIVER CHERYL
REGION CODE ADDRESS : 19120 OVERLOOK ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 735,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 734,494.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,329.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 67.43100
----------------------------------------------------------------
0 0031206014 MORTGAGORS: GOODMAN BRUCE
GOODMAN BARBARA
REGION CODE ADDRESS : 2559 ALAMO COUNTRY CIRCLE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 414,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,334.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.01900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,907,400.00
P & I AMT: 13,512.58
UPB AMT: 1,906,222.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031206071 MORTGAGORS: TONG DAVID
REGION CODE ADDRESS : 1100 ALTA LOMA ROAD #1502
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,844.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,521.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.18700
----------------------------------------------------------------
0 0031206378 MORTGAGORS: BETMAN RONALD
BETMAN SHELLY
REGION CODE ADDRESS : 1704 FALLING LEAF LANE
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 473,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,307.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.23500
----------------------------------------------------------------
0 0031206402 MORTGAGORS: VOCKEL III STEWART
VOCKEL PAMELA
REGION CODE ADDRESS : 7 HARVEY LANE
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.31500
----------------------------------------------------------------
0 0031206618 MORTGAGORS: O'HARA THOMAS
O'HARA LISA
REGION CODE ADDRESS : 9106 NORTH COURT
01 CITY : DAPHNE
STATE/ZIP : AL 36527
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031206758 MORTGAGORS: FRANKLIN RONALD
FRANKLIN YASUE
REGION CODE ADDRESS : 3811 CHARTHOUSE CIRCLE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,746.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.29700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,586,000.00
P & I AMT: 11,153.74
UPB AMT: 1,585,413.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031206816 MORTGAGORS: SHOCKLEY STANLEY
REGION CODE ADDRESS : 65 MORNINGSIDE DROVE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33133
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,818.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031206931 MORTGAGORS: CLARK ROBERT
CLARK DEIRDRE
REGION CODE ADDRESS : 400 BRIDGE STREET
01 CITY : HAMILTON
STATE/ZIP : MA 01982
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,575.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 39.73500
----------------------------------------------------------------
0 0031206956 MORTGAGORS: ADDIEGO GINETTO
REGION CODE ADDRESS : 2510 SUMMIT DRIVE
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,042.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0031207160 MORTGAGORS: HALTON JOHN
HALTON MARY
REGION CODE ADDRESS : 1529 CHERRY RIDGE DRIVE
01 CITY : HEATHROW
STATE/ZIP : FL 32746
MORTGAGE AMOUNT : 240,522.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,522.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,600.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 91.38200
----------------------------------------------------------------
0 0031207178 MORTGAGORS: DRABIK EDWARD
DRABIK MARY
REGION CODE ADDRESS : 10941 STONEBROOKE DRIVE
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,809.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,522.00
P & I AMT: 11,652.87
UPB AMT: 1,674,724.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031207202 MORTGAGORS: ROBERTSON TEDDIE
ROBERTSON KAREN
REGION CODE ADDRESS : 300 WOOD DUCK LANE
01 CITY : MC KINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031207228 MORTGAGORS: FURLONG JOHN
FURLONG ROBIN
REGION CODE ADDRESS : 9617 NORTH 27TH PLACE
01 CITY : PHOENIX
STATE/ZIP : AZ 85028
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031207343 MORTGAGORS: LOWEY THOMAS
PINGEL-LOWEY PATRICIA
REGION CODE ADDRESS : 9927 BRUNSWICK COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 91330
MORTGAGE AMOUNT : 250,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,064.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.95900
----------------------------------------------------------------
0 0031207376 MORTGAGORS: TOYEN SANFORD
TOYEN CATHERINE
REGION CODE ADDRESS : 12095 DAYMARK COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 252,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,254.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031207400 MORTGAGORS: TURKOWIAK STEPHEN
DAVIS HEATHER
REGION CODE ADDRESS : 12241 MISTY BLUE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 234,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,332.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.95993
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,600.00
P & I AMT: 10,289.77
UPB AMT: 1,488,464.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031207418 MORTGAGORS: MACLEAN CHARLES
BIGA TRACY
REGION CODE ADDRESS : 2807 3RD STREET NO 2
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,769.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.60900
----------------------------------------------------------------
0 0031207707 MORTGAGORS: PAPADOPOULOS ARISTIDES
ROCK TERRI
REGION CODE ADDRESS : 15307 VIA DE LAS OLAS
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,640.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,653.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031207715 MORTGAGORS: HOEFS WILLIAM
HOEFS KELLI
REGION CODE ADDRESS : 6793 PASEO CATALINA
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
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 : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031207756 MORTGAGORS: HULSIZER GREGORY
HULSIZER SHELLEY
REGION CODE ADDRESS : 7 PUERTO MORANT
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,619.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.63600
----------------------------------------------------------------
0 0031207848 MORTGAGORS: TOLL RALPH
TOLL CAROL
REGION CODE ADDRESS : 5508 LINDSEY DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,655.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,444.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.87508
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,804,800.00
P & I AMT: 12,651.05
UPB AMT: 1,800,390.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031207889 MORTGAGORS: GLEIM GREGORY
O'MALLEY MAUREEN
REGION CODE ADDRESS : 800 CREEKSIDE COURT
01 CITY : IRVING
STATE/ZIP : TX 75063
MORTGAGE AMOUNT : 344,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,410.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031208002 MORTGAGORS: ESPOSITO PATRICK
ESPOSITO SHERRI
REGION CODE ADDRESS : 7 NORTH 747 PHAR LAP DRIVE
01 CITY : ST. CHARLES
STATE/ZIP : IL 60175
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,719.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,746.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.90400
----------------------------------------------------------------
0 0031208036 MORTGAGORS: GOMEZ JOSEPH
GOMEZ MARTHA
REGION CODE ADDRESS : 6 WENHAM LANE
01 CITY : PERINTON
STATE/ZIP : NY 14534
MORTGAGE AMOUNT : 245,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,367.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031208069 MORTGAGORS: ROEMER ROBERT
ROEMER JANET
REGION CODE ADDRESS : 1492 SCOTT AVENUE
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 453,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,167.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.48000
----------------------------------------------------------------
0 0031208309 MORTGAGORS: PAXMAN THOMAS
REGION CODE ADDRESS : 5250 APACHE TRAIL, PO BOX 2494
01 CITY : PINETOP
STATE/ZIP : AZ 85935
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,758.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.39700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,741,350.00
P & I AMT: 12,156.27
UPB AMT: 1,740,645.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031208515 MORTGAGORS: ADAMS STUART
ADAMS A.
REGION CODE ADDRESS : 19 ENDFIELD DRIVE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.29700
----------------------------------------------------------------
0 0031208697 MORTGAGORS: PARRETT LARRY
PARRETT LINDA
REGION CODE ADDRESS : 557 WALDEN VIEW DRIVE
01 CITY : SANFORD
STATE/ZIP : FL 32771
MORTGAGE AMOUNT : 157,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,191.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,140.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.84800
----------------------------------------------------------------
0 0031208739 MORTGAGORS: BAKER M
BAKER JEANNE
REGION CODE ADDRESS : 220 SOUTH STREET
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,628.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031208796 MORTGAGORS: KUNTZ ROBERT
KUNTZ SUSAN
REGION CODE ADDRESS : 5519 KURT DRIVE
01 CITY : ALLENTOWN
STATE/ZIP : PA 18104
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,550.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 82.47700
----------------------------------------------------------------
0 0031208812 MORTGAGORS: MARINO VINCENT
MARINO SANDRA
REGION CODE ADDRESS : 4620 CORTLAND DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,285,100.00
P & I AMT: 8,969.57
UPB AMT: 1,284,559.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031208879 MORTGAGORS: OLITZKY LEE
OLITZKY JAYME
REGION CODE ADDRESS : 6774 NORTH CALLE SIN NOMBRE
01 CITY : TUSCON
STATE/ZIP : AZ 85718
MORTGAGE AMOUNT : 268,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,405.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.61100
----------------------------------------------------------------
0 0031208945 MORTGAGORS: YEE ABRAHAM
YEE WENDY
REGION CODE ADDRESS : 10112 BERKSHIRE COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 458,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,633.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,085.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.88200
----------------------------------------------------------------
0 0031208994 MORTGAGORS: GONZALEZ ALBERT
GONZALEZ REBECCA
REGION CODE ADDRESS : 718 SANTANA DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,686.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031209182 MORTGAGORS: NELSON ANDREW
NELSON LESLIE
REGION CODE ADDRESS : 13066 CAMINITO ANGELICO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,831.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0031209224 MORTGAGORS: VIENER ALFRED
VIENER MARJORIE
REGION CODE ADDRESS : 80 DEERPATH COURT
01 CITY : OLDSMAR
STATE/ZIP : FL 34677
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,816.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.23500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,637,600.00
P & I AMT: 11,410.18
UPB AMT: 1,636,374.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031209356 MORTGAGORS: O'BRIEN DOUGLAS
O'BRIEN DORA
REGION CODE ADDRESS : 21041 MIRAMAR LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031209406 MORTGAGORS: HADLEY LEO
HADLEY JULIA
REGION CODE ADDRESS : 63 SUGAR MILL DR
01 CITY : OSPREY
STATE/ZIP : FL 34229
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031209414 MORTGAGORS: WARREN DAVID
WARREN SUSAN
REGION CODE ADDRESS : 6137 PALOMINO DR
01 CITY : PLANO
STATE/ZIP : TX 75024
MORTGAGE AMOUNT : 206,219.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,062.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,424.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031209430 MORTGAGORS: CAPPS RONALD
CAPPS GRACE
REGION CODE ADDRESS : 13331 MESA BLUFF COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 264,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,953.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031209489 MORTGAGORS: MOSS JOHN
MOSS GEORGIA
REGION CODE ADDRESS : 65131 HIGHLAND ROAD
01 CITY : BEND
STATE/ZIP : OR 97701
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 799,420.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,662.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,814,369.00
P & I AMT: 12,755.57
UPB AMT: 1,813,283.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031209513 MORTGAGORS: LIEDMAN JOHN
LIEDMAN JULIE
REGION CODE ADDRESS : 221 BAINBRIDGE STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19147
MORTGAGE AMOUNT : 585,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 584,617.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,343.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 66.85700
----------------------------------------------------------------
0 0031209588 MORTGAGORS: GROFF TOM
REGION CODE ADDRESS : 77 LEGACY WAY
01 CITY : IRVINE
STATE/ZIP : CA 92602
MORTGAGE AMOUNT : 305,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,123.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031209604 MORTGAGORS: YARIV AMIR
SINCLAIR YARIV DANA
REGION CODE ADDRESS : 12454 SARAH STREET
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,863.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,286.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031209612 MORTGAGORS: WELCH BRIAN
WELCH KIMBERLY
REGION CODE ADDRESS : 922 FAIRWAY VIEW DRIVE
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 253,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,756.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.80500
----------------------------------------------------------------
0 0031209638 MORTGAGORS: KURZENSKI ED
KURZENSKI HEIDI
REGION CODE ADDRESS : 18916 MT CASTILE CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,751.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,521.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,680,300.00
P & I AMT: 12,040.98
UPB AMT: 1,679,112.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031209653 MORTGAGORS: MILES STEVEN
MILES PEGGY
REGION CODE ADDRESS : 13908 HARTSOOK STREET
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,759.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031209711 MORTGAGORS: VANDERKAMP LYNNE
REGION CODE ADDRESS : 3777 PASTEL PLACE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 137,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,200.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 971.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 29.84700
----------------------------------------------------------------
0 0031209729 MORTGAGORS: MATHIS RICHARD
MATHIS ANN
REGION CODE ADDRESS : 2675 STONEHILL WAY
01 CITY : CUMMING
STATE/ZIP : GA 30131
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031209885 MORTGAGORS: MANSON JOSEPH
MANSON MARTHA
REGION CODE ADDRESS : 1196 JANNEYS LANE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22302
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 644,533.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,565.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031209950 MORTGAGORS: PHAM THANH
NGUYEN MAI
REGION CODE ADDRESS : 3794 MEADOWLANDS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 374,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,307.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 79.44800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,722,500.00
P & I AMT: 12,006.12
UPB AMT: 1,721,212.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031209984 MORTGAGORS: WAGHORN JACK
WAGHORN DONNA
REGION CODE ADDRESS : 9537 LOCUST HILL DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 323,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,359.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.90100
----------------------------------------------------------------
0 0031209992 MORTGAGORS: EISNER CLIFFORD
EISNER MARY
REGION CODE ADDRESS : 3663 WEST ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 232,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,435.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031210024 MORTGAGORS: PEREZ FRANCISCO
PEREZ BRENDA
REGION CODE ADDRESS : 34-35 87TH STREET
01 CITY : JACKSON HEIGHTS
STATE/ZIP : NY 11372
MORTGAGE AMOUNT : 229,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,737.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031210032 MORTGAGORS: BARRETT JAMES
KOVACEVICH-BARRETT SUZANNE
REGION CODE ADDRESS : 7073 WILDERNESS CIRCLE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 366,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,041.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,624.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.82300
----------------------------------------------------------------
0 0031210057 MORTGAGORS: RUNYAN BOYD
RUNYAN CAROLYN
REGION CODE ADDRESS : 209 SARATOGA MINE DRIVE
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,697.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.20000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,592,400.00
P & I AMT: 11,390.60
UPB AMT: 1,591,272.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031210099 MORTGAGORS: ROTH COLLEEN
ROTH SCOTT
REGION CODE ADDRESS : 34 GRIFFITH LANE
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,087.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031210107 MORTGAGORS: MILLER EDNA
REGION CODE ADDRESS : 6520 CADDO COURT
01 CITY : PLANO
STATE/ZIP : TX 75023
MORTGAGE AMOUNT : 65,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 65,052.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 460.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.94200
----------------------------------------------------------------
0 0031210131 MORTGAGORS: PHAM BAC
PHAM JOANN
REGION CODE ADDRESS : 6499 HAVENWOOD CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.95000
----------------------------------------------------------------
0 0031210156 MORTGAGORS: SELINGER CHAIM
SELINGER MAY
REGION CODE ADDRESS : 963 FALMOUTH STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,829.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.41100
----------------------------------------------------------------
0 0031210198 MORTGAGORS: FREEMAN KEN
FREEMAN ELOISE
REGION CODE ADDRESS : 6735 DARYN DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,143,350.00
P & I AMT: 8,146.99
UPB AMT: 1,142,533.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031210347 MORTGAGORS: BERGMAN DANIEL
BERGMAN SHEILA
REGION CODE ADDRESS : 1071 SUFFOLK WAY
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,714.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.61764
----------------------------------------------------------------
0 0031210362 MORTGAGORS: FRACE MARVIN
FRACE MARSHA
REGION CODE ADDRESS : 4670 KNOTTINGHAM ROAD
01 CITY : DIAMOND SPRINGS
STATE/ZIP : CA 95619
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,019.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031210388 MORTGAGORS: COLEMAN KENNETH
FISHMAN SHIRLEY
REGION CODE ADDRESS : DOLORES 4 NE OF NINTH
01 CITY : CARMEL
STATE/ZIP : CA 93921
MORTGAGE AMOUNT : 418,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,889.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,924.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.16800
----------------------------------------------------------------
0 0031210396 MORTGAGORS: DIGIESO JOSEPH
DIGIESO JACQUELINE
REGION CODE ADDRESS : 263 MCGARITY ROAD
01 CITY : CANTON
STATE/ZIP : GA 30115
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,825.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.10300
----------------------------------------------------------------
0 0031210453 MORTGAGORS: JONES BOBBY
JONES MYRA
REGION CODE ADDRESS : LOT 4 HUNTINGTON COURT
01 CITY : KATY
STATE/ZIP : TX 77493
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,611,450.00
P & I AMT: 11,266.32
UPB AMT: 1,610,253.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031210479 MORTGAGORS: TALLANT GREGORY
TALLANT SIBILLE
REGION CODE ADDRESS : 150 KORTNEY DRIVE
01 CITY : WEATHERFORD
STATE/ZIP : TX 76087
MORTGAGE AMOUNT : 296,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,880.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.28400
----------------------------------------------------------------
0 0031210537 MORTGAGORS: MELVIN MARK
MELVIN DENISE
REGION CODE ADDRESS : 11 COLUMBUS PLACE UNIT #2
01 CITY : CLIFFSIDE PARK
STATE/ZIP : NJ 07010
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,830.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031210545 MORTGAGORS: KOVACS JOHN
VARANO-KOVACS CATHERINE
REGION CODE ADDRESS : 987 ROSEMARY DRIVE
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,499.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/18
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.45200
----------------------------------------------------------------
0 0031210727 MORTGAGORS: JAMESON SCOTT
JAMESON CHRISTIE
REGION CODE ADDRESS : 6 VILLAGE WOODS DRIVE
01 CITY : AMHERST
STATE/ZIP : NH 03031
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.10100
----------------------------------------------------------------
0 0031211311 MORTGAGORS: HAJINIAN AVO
HAJINIAN EMMA
REGION CODE ADDRESS : 95 JACKSON DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,777.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,100.00
P & I AMT: 10,169.70
UPB AMT: 1,392,987.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031211444 MORTGAGORS: HARMAN ROBERT
REGION CODE ADDRESS : 10241 PEBBLE BEACH DRIVE
01 CITY : SANTEE
STATE/ZIP : CA 92071
MORTGAGE AMOUNT : 115,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,416.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 817.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.81100
----------------------------------------------------------------
0 0031211469 MORTGAGORS: SENIO CHRISTOPHER
REGION CODE ADDRESS : 4203 TRUMBO COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 164,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,115.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,092.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031211485 MORTGAGORS: JORDAN KELLY
REGION CODE ADDRESS : 2991 MARLOW LANE
01 CITY : RICHARDSON
STATE/ZIP : TX 75082
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,730.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0031211550 MORTGAGORS: FAHIM MOHSEN
FAHIM PATRICIA
REGION CODE ADDRESS : 121 ST FRANCIS COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 302,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,341.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.72300
----------------------------------------------------------------
0 0031211618 MORTGAGORS: LIPSETT STUART
LIPSETT MARCIE
REGION CODE ADDRESS : 5426 CALHOUN AVENUE (SHERMAN OAKS A
01 CITY : LOS ANGELES
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,204,200.00
P & I AMT: 8,484.20
UPB AMT: 1,203,318.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031211691 MORTGAGORS: DENNIS DAVID
DENNIS CHARLENE
REGION CODE ADDRESS : 3616 TORREY VIEW COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,326.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.83100
----------------------------------------------------------------
0 0031211709 MORTGAGORS: O'BRIEN SUSAN
REGION CODE ADDRESS : 20707 EAST COVINA HILLS ROAD
01 CITY : COVINA
STATE/ZIP : CA 91722
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 : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031211725 MORTGAGORS: HEER ERIC
HEER E.
REGION CODE ADDRESS : 5531 STARDUST ROAD
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.46800
----------------------------------------------------------------
0 0031211733 MORTGAGORS: GLAUBER KAREN
RAUH PETER
REGION CODE ADDRESS : 2937 GLENDOWER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 76.56000
----------------------------------------------------------------
0 0031212020 MORTGAGORS: GREGORY JANET
REGION CODE ADDRESS : 527 N MARSHFIELD AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60622
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 87.05700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,799,000.00
P & I AMT: 12,509.28
UPB AMT: 1,798,615.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031212061 MORTGAGORS: KUGHN WILLIAM
KUGHN JEAN
REGION CODE ADDRESS : 9655 SWAN LAKE DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,808.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,941.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.45000
----------------------------------------------------------------
0 0031212152 MORTGAGORS: KLEMES JEFFREY
KLEMES SARINA
REGION CODE ADDRESS : 4101 STANSBURY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 517,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 517,206.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,574.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.08900
----------------------------------------------------------------
0 0031212160 MORTGAGORS: PRVULOVIC TOMI
REGION CODE ADDRESS : 354 STILES COURT
01 CITY : WEST ORANGE
STATE/ZIP : NJ 07052
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031212178 MORTGAGORS: BLAKELEY ROBERT
BLAKELEY KAREN
REGION CODE ADDRESS : 2 GARY ROAD
01 CITY : FOXBORO
STATE/ZIP : MA 02035
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.73300
----------------------------------------------------------------
0 0031212251 MORTGAGORS: LANCASTER DAN
LANCASTER PATRICIA
REGION CODE ADDRESS : 4115 BURKITTSVILLE ROAD
01 CITY : BURKITTSVILLE
STATE/ZIP : MD 21758
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,796.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,553,850.00
P & I AMT: 10,980.25
UPB AMT: 1,553,061.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031212293 MORTGAGORS: BOLING MICHAEL
BOLING STACEY
REGION CODE ADDRESS : 7605 AFTON VILLA COURT
01 CITY : PLANO
STATE/ZIP : TX 75025
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031212319 MORTGAGORS: MANNING ROBERT
MANNING DONNA
REGION CODE ADDRESS : 13 ROCKYLEDGE RD
01 CITY : SWAMPSCOTT
STATE/ZIP : MA 01907
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,381.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 18.18181
----------------------------------------------------------------
0 0031212368 MORTGAGORS: RAU GREGORY
RAU HEATHER
REGION CODE ADDRESS : 5461 LUIS DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,623.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031212392 MORTGAGORS: HAGAN MARIANNE
REGION CODE ADDRESS : 12030 IREDELL STREET
01 CITY : (STUDIO CITY AREA) LOS AN
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,361.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,114.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031212418 MORTGAGORS: CERVANTES FRANK
CERVANTES SHEREE
REGION CODE ADDRESS : 6085 VIA TOLEDO
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,056.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,200.00
P & I AMT: 10,028.12
UPB AMT: 1,417,827.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031212426 MORTGAGORS: GARRISON MICHAEL
GARRISON DEVORA
REGION CODE ADDRESS : 12241 MEADOW GRASS COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 292,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,625.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,067.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0031212434 MORTGAGORS: MASSA RICHARD
MASSA SUSAN
REGION CODE ADDRESS : 30 CHELSEA ROAD
01 CITY : JACKSON
STATE/ZIP : NJ 08527
MORTGAGE AMOUNT : 121,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,912.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 856.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 84.91200
----------------------------------------------------------------
0 0031212442 MORTGAGORS: BROWN KAY
REGION CODE ADDRESS : 21626 FAIRWIND LANE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,639.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031212459 MORTGAGORS: BOAZ DAVID
MILLER STEPHEN
REGION CODE ADDRESS : 4208 NORTH 11TH STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 323,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,134.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031212731 MORTGAGORS: NADKARNI ASHOK
NADKARNI SAMYOJITA
REGION CODE ADDRESS : 25 HERTITAGE LANE
01 CITY : STOW
STATE/ZIP : MA 01775
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,186.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,278,850.00
P & I AMT: 8,914.22
UPB AMT: 1,277,500.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031212756 MORTGAGORS: WEISSER NADINE
REGION CODE ADDRESS : 15492 BASELINE RD.
01 CITY : BELLEVUE
STATE/ZIP : MI 49021
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,790.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031212764 MORTGAGORS: STAKA CHARLES
STAKA SANDRA
REGION CODE ADDRESS : 1118 PINEHURST DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,603.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
0 0031212988 MORTGAGORS: NUNEZ CARLOS
RAMOS-NUNEZ MYRNA
REGION CODE ADDRESS : 111 EAGLE MEADOW COURT
01 CITY : MORRISVILLE
STATE/ZIP : NC 27560
MORTGAGE AMOUNT : 293,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,802.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0031213002 MORTGAGORS: WHITTLE JAY
DOSSETT PAULINE
REGION CODE ADDRESS : 3501 YACHTCLUB COURT
01 CITY : ARLINGTON
STATE/ZIP : TX 76016
MORTGAGE AMOUNT : 279,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,104.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.15800
----------------------------------------------------------------
0 0031213010 MORTGAGORS: SNYDER TODD
SNYDER SANDRA
REGION CODE ADDRESS : 1606 ROCKY VIEW ROAD
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 260,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,940.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.23700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,367,050.00
P & I AMT: 9,603.30
UPB AMT: 1,365,241.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031213028 MORTGAGORS: HINELINE RICHARD
HINELINE SAMANTHA
REGION CODE ADDRESS : 2541 NORTH 160TH STREET
01 CITY : OMAHA
STATE/ZIP : NE 68116
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,309.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031213069 MORTGAGORS: TJERNELL LAURENCE
REGION CODE ADDRESS : 66 ESTRELLA WAY
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 231,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031213309 MORTGAGORS: OTTOBONI THOMAS
OTTOBONI SUSANNE
REGION CODE ADDRESS : 1211 NORTH ROAD
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,268.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,261.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.56700
----------------------------------------------------------------
0 0031213382 MORTGAGORS: LANSFORD STEVEN
LANSFORD KELLY
REGION CODE ADDRESS : 21 MOUNTAIN LAUREL
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 327,275.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,019.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,232.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031213424 MORTGAGORS: MAALOUF SAMI
MALOOF OMAR
REGION CODE ADDRESS : 4377 SALTILLO STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,774.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,431,875.00
P & I AMT: 9,918.71
UPB AMT: 1,430,972.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031213473 MORTGAGORS: SPEAKMAN RON
SPEAKMAN WENDY
REGION CODE ADDRESS : 285 CAMARILLO DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031213515 MORTGAGORS: HANSSEN CHRISTIAN
HANSSEN DEBORA
REGION CODE ADDRESS : 350 WEST SPRUCE STREET
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,789.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031213580 MORTGAGORS: QUADER FAZLUL
QUADER ROKHSANA
REGION CODE ADDRESS : 404 AIRSTREAM COURT
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 304,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,768.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99884
----------------------------------------------------------------
0 0031213630 MORTGAGORS: ERSOY LEVENT
ERSOY ANITA
REGION CODE ADDRESS : 584 TYNER WAY
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.18900
----------------------------------------------------------------
0 0031213788 MORTGAGORS: HELD JOHN
HELD TERESA
REGION CODE ADDRESS : 3793 MARLBORO WAY
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 130,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,305.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 922.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,750.00
P & I AMT: 9,650.09
UPB AMT: 1,379,356.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031213812 MORTGAGORS: HAUS MICHAEL
HAUS CYNTHIA
REGION CODE ADDRESS : 20971 LYNN DR
01 CITY : CREDIT RIVER TOWNSHIP
STATE/ZIP : MN 55372
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,636.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.00800
----------------------------------------------------------------
0 0031213853 MORTGAGORS: FORSBERG PAUL
FORSBERG JOCELYN
REGION CODE ADDRESS : 960 TUDOR COURT
01 CITY : LAKE ZURICH
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,798.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.48800
----------------------------------------------------------------
0 0031213887 MORTGAGORS: ALLEN DAVID
ALLEN SUSAN
REGION CODE ADDRESS : 511 WILHAGGIN DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,589.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.12700
----------------------------------------------------------------
0 0031213937 MORTGAGORS: GRUEBELE DAVID
GRUEBELE RUBY
REGION CODE ADDRESS : 5954 PORTO ALEGRE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 341,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,146.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.28000
----------------------------------------------------------------
0 0031214208 MORTGAGORS: ALLEN KENNETH
DICKERMAN JANET
REGION CODE ADDRESS : 6341 RASPBERRY COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 292,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,592.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99287
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,450.00
P & I AMT: 10,427.81
UPB AMT: 1,471,764.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031214281 MORTGAGORS: CHANTHATHONE SOMVANG
CHANTHATHONE KONGNGEUN
REGION CODE ADDRESS : 12261 MISTY BLUE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,958.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031214299 MORTGAGORS: BLACK GREGORY
BLACK CARRIE
REGION CODE ADDRESS : 1210 PLUM TREE ROAD
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 289,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,461.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.77 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031214307 MORTGAGORS: ESKOW CARY
ESKOW ROBIN
REGION CODE ADDRESS : 12292 PORCELINA COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,572.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.66818
----------------------------------------------------------------
0 0031214539 MORTGAGORS: HOPKINS BERNARD
HOPKINS JEANETTE
REGION CODE ADDRESS : 20 REESE DRIVE
01 CITY : NEWARK
STATE/ZIP : DE 19711
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031214562 MORTGAGORS: HOFFSETH MARK
REGION CODE ADDRESS : 40 LOCARNO WAY
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 115,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,516.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 818.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,950.00
P & I AMT: 9,040.45
UPB AMT: 1,346,508.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031214604 MORTGAGORS: MCKINNON DAVID
MCKINNON TAMARA
REGION CODE ADDRESS : 137 CORTEZ STREET
01 CITY : CAPITOLA
STATE/ZIP : CA 95010
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031214661 MORTGAGORS: LINARES CARLOS
LINARES JUDY
REGION CODE ADDRESS : 979 SW 159TH TERRACE
01 CITY : PEMBROKE PINES
STATE/ZIP : FL 33027
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.92100
----------------------------------------------------------------
0 0031214695 MORTGAGORS: HOLZMAYER TANYA
REGION CODE ADDRESS : 880 WINDMILL PARK LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,722.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.14200
----------------------------------------------------------------
0 0031214992 MORTGAGORS: LITTLE R
LITTLE MAUREEN
REGION CODE ADDRESS : 10179 QUARRY HILL PLACE
01 CITY : PARKER
STATE/ZIP : CO 80134
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 : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 84.33300
----------------------------------------------------------------
0 0031215007 MORTGAGORS: EMONT GEORGE
PREMINGER JILL
REGION CODE ADDRESS : 6212 INNES TRACE ROAD
01 CITY : LOUISVILLE
STATE/ZIP : KY 40222
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,137.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.20600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,400.00
P & I AMT: 10,432.51
UPB AMT: 1,493,873.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031215015 MORTGAGORS: OSBORNE MARK
OSBORNE WENDY
REGION CODE ADDRESS : 2074 FOOTHILLS DRIVE
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,570.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.78400
----------------------------------------------------------------
0 0031215023 MORTGAGORS: JOHNSON DIANNE
REGION CODE ADDRESS : 113 OLD PROS WAY
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,322.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,160.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031215031 MORTGAGORS: NEWTON LARRY
NEWTON JANET
REGION CODE ADDRESS : 25747 WILLOW SPRING ROAD
01 CITY : LONG GROVE
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,427.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031215049 MORTGAGORS: MURRAY MICHAEL
MURRAY ROSEMARY
REGION CODE ADDRESS : 3415 OAK RIDGE ROAD
01 CITY : CRYSTAL LAKE
STATE/ZIP : IL 60012
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,603.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 58.60100
----------------------------------------------------------------
0 0031215056 MORTGAGORS: SCHWARTZ JERRY
PEARL ANDREA
REGION CODE ADDRESS : 5801 ABERDEEN ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,641.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 49.40000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,424,550.00
P & I AMT: 10,299.38
UPB AMT: 1,422,564.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031215064 MORTGAGORS: PACE BRETT
PACE DIANE
REGION CODE ADDRESS : 15424 PINEHURST FOREST DRIVE
01 CITY : MONTPELLIER
STATE/ZIP : VA 23192
MORTGAGE AMOUNT : 333,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,050.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.13400
----------------------------------------------------------------
0 0031215072 MORTGAGORS: BURNETT BRUCE
BURNETT JANET
REGION CODE ADDRESS : 2470 COUNTY ROAD 100
01 CITY : GEORGETOWN
STATE/ZIP : TX 78626
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,486.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031215148 MORTGAGORS: LEBLANC MICHAEL
LEBLANC SHEILA
REGION CODE ADDRESS : 167 DUDLEY LANE
01 CITY : MILTON
STATE/ZIP : MA 02186
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.27000
----------------------------------------------------------------
0 0031215338 MORTGAGORS: BAELE ROGER
BAELE ROBIN
REGION CODE ADDRESS : 5447 EAST OAKHURST WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031215437 MORTGAGORS: KALB IRV
KALB DOREEN
REGION CODE ADDRESS : 735 GLENBOROUGH DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94041
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 36.14800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,500.00
P & I AMT: 9,677.79
UPB AMT: 1,348,335.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031215569 MORTGAGORS: UTTENHOVE RAY
REGION CODE ADDRESS : 37 PARK LANE
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
0 0031215601 MORTGAGORS: NOLES ANN
REGION CODE ADDRESS : 2420 LAKE LOREINE LANE
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 251,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,353.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031215627 MORTGAGORS: CLARK DENISE
REGION CODE ADDRESS : 11101 OLD COACH ROAD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031215742 MORTGAGORS: BAKTHAVATCHALAM BALAJI
BALAJI SOPHIA
REGION CODE ADDRESS : 2255 LENOX PLACE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95054
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,828.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,615.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031215973 MORTGAGORS: LANGELLA RICHARD
LANGELLA FERN
REGION CODE ADDRESS : 482 CLAPP ROAD
01 CITY : SCITUATE
STATE/ZIP : MA 02066
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.06500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,373,550.00
P & I AMT: 9,678.73
UPB AMT: 1,372,970.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031216195 MORTGAGORS: LEVINE BRAHM
LEVINE CAROL-ANN
REGION CODE ADDRESS : 2565 TECUMSEH DRIVE
01 CITY : WEST PALM BEACH
STATE/ZIP : FL 33409
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,188.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0031216237 MORTGAGORS: POPKIN EDWARD
POPKIN GAY
REGION CODE ADDRESS : 30133 VIA VICTORIA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,275.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031216252 MORTGAGORS: ARIAGNO RONALD
ARIAGNO MARCELLA
REGION CODE ADDRESS : 955 WOODLAND AVE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 551,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,239.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,995.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.69900
----------------------------------------------------------------
0 0031216310 MORTGAGORS: CLAR MICHAEL
PHILLIPS-CLAR JAN
REGION CODE ADDRESS : 6923 PASEO LAREDO
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 564,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,827.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,089.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031216336 MORTGAGORS: WALTERS MILTON
WALTERS CAROLINE
REGION CODE ADDRESS : 8 SHOAL HOPE DRIVE
01 CITY : HARWICH
STATE/ZIP : MA 02671
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,530.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.91300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,057,900.00
P & I AMT: 14,820.13
UPB AMT: 2,055,061.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031216567 MORTGAGORS: JOHNSON RICK
JOHNSON NANCY
REGION CODE ADDRESS : 9850 QUAIL CANYON ROAD
01 CITY : EL CAJON
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031216609 MORTGAGORS: KELCH THOMAS
LAWRENCE CANDACE
REGION CODE ADDRESS : 4015 PACIFIC AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031216633 MORTGAGORS: LANDRY DEAN
REGION CODE ADDRESS : 220 MARINDA DRIVE
01 CITY : FAIRFAX
STATE/ZIP : CA 94930
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031216682 MORTGAGORS: WALKER DAVID
WALKER KATHLEEN
REGION CODE ADDRESS : 11742 WEMBLEY ROAD
01 CITY : LOS ALAMITOS (AREA)
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,783.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031216716 MORTGAGORS: CHENG JACK
CHENG AMY
REGION CODE ADDRESS : 19445 NORTHAMPTON DR
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,642.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 35.82000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,364,000.00
P & I AMT: 9,533.35
UPB AMT: 1,362,807.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031216781 MORTGAGORS: MILLER CAROLE
REGION CODE ADDRESS : 18851 SUNNYVIEW CIRCLE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,503.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031216807 MORTGAGORS: ZIVNEY ROBERT
ZIVNEY MARJORIE
REGION CODE ADDRESS : 18 MACKENZIE LANE
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 438,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,379.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,914.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031216815 MORTGAGORS: ALBERT WILLIAM
LIW-ALBERT ALICE
REGION CODE ADDRESS : 30 SAN FELIPE WAY
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 210,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,243.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,471.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031216823 MORTGAGORS: HELGESON PATRICIA
REGION CODE ADDRESS : 4809-11 GARY ROAD
01 CITY : BONITA SPRINGS
STATE/ZIP : FL 34134
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,825.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,064.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 53.84600
----------------------------------------------------------------
0 0031216849 MORTGAGORS: LUU LAM
LE THINH
REGION CODE ADDRESS : 1330 PEREGRINE DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 228,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,892.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,750.00
P & I AMT: 9,251.73
UPB AMT: 1,339,845.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031216898 MORTGAGORS: FERRY DAVID
FERRY MARY
REGION CODE ADDRESS : 300 COUNTRY CLUB DRIVE
01 CITY : WILMINGTON
STATE/ZIP : DE 19803
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031216906 MORTGAGORS: BROWN MICHAEL
BROWN JULIE
REGION CODE ADDRESS : 2155 SIERRA SAGE LANE
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 263,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,973.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031216922 MORTGAGORS: POTVIN PAUL
POTVIN DENISE
REGION CODE ADDRESS : 6026 FLAMBEAU ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,805.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.85700
----------------------------------------------------------------
0 0031216930 MORTGAGORS: BELTRAN JESSE
BELTRAN PATRICIA
REGION CODE ADDRESS : 706 DELLWOOD COURT
01 CITY : VACAVILLE
STATE/ZIP : CA 95688
MORTGAGE AMOUNT : 177,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 177,674.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,273.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.02200
----------------------------------------------------------------
0 0031216955 MORTGAGORS: HARRINGTON MICHAEL
HARRINGTON JENNIFER
REGION CODE ADDRESS : 32682 PEER HOLLOW CIRCLE
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,800.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.52300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,260,950.00
P & I AMT: 9,010.43
UPB AMT: 1,260,054.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031216963 MORTGAGORS: YON GLEN
PYLAT-YON DONNA
REGION CODE ADDRESS : 6331 EAST VERA CREST DRIVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90815
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,718.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,858.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.28300
----------------------------------------------------------------
0 0031216971 MORTGAGORS: CHOU DAVID
SHIEH BIN
REGION CODE ADDRESS : 23350 SANDALWOOD STREET
01 CITY : WEST HILLS
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,307.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031216997 MORTGAGORS: KIZIMOVICH YURIY
KAMACHUGOV NATALIYA
REGION CODE ADDRESS : 2074 LAURELWOOD DRIVE
01 CITY : THOSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,304.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 83.33300
----------------------------------------------------------------
0 0031217003 MORTGAGORS: TRAN JAMES
VU MINHPHUONG
REGION CODE ADDRESS : 15302 VICTORIA LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,778.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031217011 MORTGAGORS: WALL PATRICK
WALL ANNABELLE
REGION CODE ADDRESS : 1871 SIERRA MADRE VILLA AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,714.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.63600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,000.00
P & I AMT: 11,564.58
UPB AMT: 1,629,822.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031217029 MORTGAGORS: COLE ROBERT
COLE VALERIE
REGION CODE ADDRESS : 28117 GOLDEN MEADOW DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,714.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.23700
----------------------------------------------------------------
0 0031217037 MORTGAGORS: HOANG CHRISTOPHER
CRYSTALLINE A. HOANG ANNIE
REGION CODE ADDRESS : 1504 APPLEFIELD STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,762.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031217045 MORTGAGORS: JOHNSON BRYAN
JOHNSON INGRID
REGION CODE ADDRESS : 6241 MEMORIAL DRIVE
01 CITY : DUBLIN
STATE/ZIP : OH 43017
MORTGAGE AMOUNT : 253,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.95400
----------------------------------------------------------------
0 0031217052 MORTGAGORS: FUJII HIDEO
FUJII NAOKO
REGION CODE ADDRESS : 4222 BALCONY DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 270,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,458.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.17300
----------------------------------------------------------------
0 0031217060 MORTGAGORS: SELBO TODD
SELBO PATRICIA
REGION CODE ADDRESS : 40 MONTE VISTA
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,826.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.82700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,600.00
P & I AMT: 10,490.56
UPB AMT: 1,482,712.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031217078 MORTGAGORS: SINKIE STEVEN
SINKIE ROXANNE
REGION CODE ADDRESS : 16450 45TH AVE N
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.91600
----------------------------------------------------------------
0 0031217086 MORTGAGORS: MOORE LUCY
REGION CODE ADDRESS : 798 SYLVANER DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 245,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,881.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.07300
----------------------------------------------------------------
0 0031217102 MORTGAGORS: PAUL CHRISTIAN
PAUL SUZANNE
REGION CODE ADDRESS : 89 BOLSA AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,735.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.59300
----------------------------------------------------------------
0 0031217136 MORTGAGORS: PRESIADO LEO
PRECIADO MICHELLE
REGION CODE ADDRESS : 20 MOUNTAIN VIEW
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,991.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031217516 MORTGAGORS: NGUYEN THUY
DUONG VIET
REGION CODE ADDRESS : 12306 GREEN TRAILS DRIVE
01 CITY : STAFFORD
STATE/ZIP : TX 77477
MORTGAGE AMOUNT : 103,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 103,676.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 743.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.96700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,355,000.00
P & I AMT: 9,590.17
UPB AMT: 1,354,284.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031217607 MORTGAGORS: ARD THOMAS
ARD MARGRETTE
REGION CODE ADDRESS : 3757 MAIN STREET
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 182,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 181,871.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,303.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031217615 MORTGAGORS: MARTIN SHERYL
SCHULTZ HAROLD
REGION CODE ADDRESS : 704 MAY AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,861.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,404.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031217623 MORTGAGORS: PRIMROSE RONALD
MACCIOTTA KLARA
REGION CODE ADDRESS : 25248 BRIGANTINE DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 171,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 171,372.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,199.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.29200
----------------------------------------------------------------
0 0031217763 MORTGAGORS: KELLY CAMERON
KELLY LINDA
REGION CODE ADDRESS : 14 DOCTOR'S RUN
01 CITY : ROCKPORT
STATE/ZIP : MA 01966
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031217839 MORTGAGORS: HARGRAVE CHARLES
HARGRAVE SUSAN
REGION CODE ADDRESS : 5430 BAY RIDGE ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,704.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.20200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,155,500.00
P & I AMT: 7,974.58
UPB AMT: 1,154,810.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031217979 MORTGAGORS: BRADEN KENNETH
DUMOND DANIEL
REGION CODE ADDRESS : 5816 CARELL AVENUE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,844.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,549.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031218001 MORTGAGORS: HJELME-LUNDBERG CARL
PELLERANO PATRICIA
REGION CODE ADDRESS : 238 OAK SPRINGS DRIVE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.60300
----------------------------------------------------------------
0 0031218043 MORTGAGORS: BICK RONALD
BICK CSILLA
REGION CODE ADDRESS : 1202 THOMAS DRIVE
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031218092 MORTGAGORS: GOESSEL DETLEF
GOESSEL HEATHER
REGION CODE ADDRESS : 2006 GRAHAM AVENUE UNIT A
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,584.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.93700
----------------------------------------------------------------
0 0031218126 MORTGAGORS: DAVIS ROBERT
REGION CODE ADDRESS : 1146 SECOND STREET
01 CITY : LOS OSOS
STATE/ZIP : CA 93402
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,803.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 922.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.47300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,265,200.00
P & I AMT: 8,781.18
UPB AMT: 1,263,761.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031218159 MORTGAGORS: MAXIM JOHN
MAXIM JAN
REGION CODE ADDRESS : 109 DOMINICAN DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,410.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,768.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031218241 MORTGAGORS: DIAMOND GLENN
DIAMOND NANCY
REGION CODE ADDRESS : 550 INDIGO DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.89200
----------------------------------------------------------------
0 0031218258 MORTGAGORS: LUCIDO SALLY
REGION CODE ADDRESS : 709 ALICE AVENUE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94041
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,571.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.55500
----------------------------------------------------------------
0 0031218266 MORTGAGORS: LEE ANTHONY
LEE PAMELA
REGION CODE ADDRESS : 2616 LINCOLN AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 427,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,882.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,987.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031218274 MORTGAGORS: MONDANE KEVIN
MONDANE VICKIE
REGION CODE ADDRESS : 3848 MONTIEL TRUCK TRAIL
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 330,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,394.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.63800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,773,700.00
P & I AMT: 12,427.87
UPB AMT: 1,771,259.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031218308 MORTGAGORS: RANEJAT SHAWN
RANEJAT MARLENE
REGION CODE ADDRESS : 2545 MONTEREY GLEN
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,718.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.84900
----------------------------------------------------------------
0 0031218357 MORTGAGORS: LUMMIS PATRICK
FAISANT-LUMMIS SYLVIE
REGION CODE ADDRESS : 370 WAWONA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,756.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031218464 MORTGAGORS: DAVENPORT MILDRED
DAVENPORT GEOFFREY
REGION CODE ADDRESS : 25879 MCKINZIE LANE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 325,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,828.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,191.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031218555 MORTGAGORS: CHOCEK MIKE
CHOCEK TERESA
REGION CODE ADDRESS : 5420 AVENIDA EL CID
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,793.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.16400
----------------------------------------------------------------
0 0031218647 MORTGAGORS: DALTON JOHN
DALTON GAIL
REGION CODE ADDRESS : 25 CRAIG LANE
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,288.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,638,350.00
P & I AMT: 11,202.83
UPB AMT: 1,637,097.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031218688 MORTGAGORS: ZAKERSKI JOHN
ZAKERSKI THERESA
REGION CODE ADDRESS : 8629 CRANE RD
01 CITY : MILAN
STATE/ZIP : MI 48160
MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,325.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 92.50000
----------------------------------------------------------------
0 0031218696 MORTGAGORS: BAIR JOHN
REGION CODE ADDRESS : 8801 CROSSTIMBERS ROAD
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 536,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,631.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,886.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.40700
----------------------------------------------------------------
0 0031218860 MORTGAGORS: SPRAGG GILBERT
REGION CODE ADDRESS : 3843 SUNSWEPT DRIVE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 164,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 163,887.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,189.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 79.61100
----------------------------------------------------------------
0 0031218936 MORTGAGORS: BRAY PETER
BRAY PEGGY
REGION CODE ADDRESS : 5391 SILVERLAKE DRIVE
01 CITY : WEST BEND
STATE/ZIP : WI 53095
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.22400
----------------------------------------------------------------
0 0031218951 MORTGAGORS: BURGESS JERRY
BURGESS LINDA
REGION CODE ADDRESS : 1220 STANHOPE COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,399.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,037.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,664,500.00
P & I AMT: 11,912.98
UPB AMT: 1,663,243.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031218969 MORTGAGORS: RICHARDSON WALTER
RICHARDSON TERESA
REGION CODE ADDRESS : 9432 TIMBER RIDGE COURT
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.55800
----------------------------------------------------------------
0 0031218977 MORTGAGORS: BRUNDAGE MICHAEL
BRUNDAGE DOROTHY
REGION CODE ADDRESS : 4 GRINDSTONE ROAD
01 CITY : HOWELL
STATE/ZIP : NJ 07731
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.29600
----------------------------------------------------------------
0 0031219033 MORTGAGORS: BROWN STEPHEN
BROWN JOANNE
REGION CODE ADDRESS : 908 HARCOURT LANE
01 CITY : HARLEYSVILLE
STATE/ZIP : PA 19438
MORTGAGE AMOUNT : 237,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.54300
----------------------------------------------------------------
0 0031219157 MORTGAGORS: POWELL KERRIE
POWELL VALENCIA
REGION CODE ADDRESS : 4601 MORINGSTAR CIRCLE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 210,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,293.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,471.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031219181 MORTGAGORS: CASEY MICHAEL
CASEY CYNTHIA
REGION CODE ADDRESS : 1746 WASHINGTON ST
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.58300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,207,650.00
P & I AMT: 8,589.24
UPB AMT: 1,207,318.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031219397 MORTGAGORS: LAMONT DANIEL
LAMONT LAURA
REGION CODE ADDRESS : 25 GUNTHER STREET
01 CITY : MENDHAM
STATE/ZIP : NJ 07945
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031219421 MORTGAGORS: MC DERMOTT BARTHOLOMEW
REGION CODE ADDRESS : 484 CORBETT AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031219439 MORTGAGORS: KLITGAARD STEVEN
REGION CODE ADDRESS : 1712 HEARTHSTONE
01 CITY : PLANO
STATE/ZIP : TX 75023
MORTGAGE AMOUNT : 104,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 104,720.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 723.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031219678 MORTGAGORS: SEAS LEONARD
REGION CODE ADDRESS : 2329 S AMERICAN STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19148
MORTGAGE AMOUNT : 36,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 36,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 264.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031219819 MORTGAGORS: BEAUDET TARAIN
BEAUDET RHONDA
REGION CODE ADDRESS : 541 SCRIBNER HILL ROAD
01 CITY : OTISFIELD
STATE/ZIP : ME 04270
MORTGAGE AMOUNT : 78,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 78,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 582.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 751,200.00
P & I AMT: 5,207.39
UPB AMT: 750,917.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031219850 MORTGAGORS: BENSON KENT
BENSON CLAUDIA
REGION CODE ADDRESS : 12803 NE 242ND COURT
01 CITY : BRUSH PRAIRIE
STATE/ZIP : WA 98606
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,683.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,278.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.42376
----------------------------------------------------------------
0 0031219876 MORTGAGORS: TRAN THI
REGION CODE ADDRESS : 18945 CADDINGTON CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 456,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,216.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,999.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.17300
----------------------------------------------------------------
0 0031220023 MORTGAGORS: CIAVARDELLI ALBERT
CIAVARDELLI JANET
REGION CODE ADDRESS : 12 KATHRYN LANE
01 CITY : BROOMALL
STATE/ZIP : PA 19008
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,788.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.57200
----------------------------------------------------------------
0 0031220064 MORTGAGORS: FRIESEN NELSON
FRIESEN JOYCE
REGION CODE ADDRESS : 4449 CLIPPER DRIVE
01 CITY : DISCOVERY BAY
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,832.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031220239 MORTGAGORS: TAKEKAWA RYAN
TAKEKAWA WANDA
REGION CODE ADDRESS : 46-311 KAHUHIPA STREET
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 235,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,545.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.20500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,900.00
P & I AMT: 11,314.64
UPB AMT: 1,642,820.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031220528 MORTGAGORS: LAMB JOSEPH
LAMB RENEE
REGION CODE ADDRESS : 3913 BAYWATCH DRIVE
01 CITY : ROWLETT
STATE/ZIP : TX 75088
MORTGAGE AMOUNT : 114,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 114,315.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 799.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031220569 MORTGAGORS: YEE DENNIS
YEE JANE
REGION CODE ADDRESS : 4865 JUSTIN WAY
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
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 : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.83300
----------------------------------------------------------------
0 0031220585 MORTGAGORS: PUGH WAYNE
PUGH JANE
REGION CODE ADDRESS : 18621 EAST AUBURN AVENUE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,329.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.90300
----------------------------------------------------------------
0 0031220593 MORTGAGORS: DEMARTINI HILDA
MORRIS RICHARD
REGION CODE ADDRESS : 7 NANCY WAY
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,796.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 56.19000
----------------------------------------------------------------
0 0031220601 MORTGAGORS: VEYSADA LAWRENCE
VEYSADA KAREN
REGION CODE ADDRESS : 37 CATALINA COURT
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,180,900.00
P & I AMT: 8,335.66
UPB AMT: 1,180,038.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031220619 MORTGAGORS: KENNEDY DOUGLAS
KENNEDY TAMARA
REGION CODE ADDRESS : 13901 VALLEY VIEW LANE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,815.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031220635 MORTGAGORS: FRIER KENNETH
FRIER LAURA
REGION CODE ADDRESS : 12048 WOOD RANCH ROAD
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 374,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,222.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,618.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.84200
----------------------------------------------------------------
0 0031220643 MORTGAGORS: REIMAN THOMAS
REIMAN CYNTHIA
REGION CODE ADDRESS : 4304 HENSLEY CIRCLE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 292,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,077.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.07500
----------------------------------------------------------------
0 0031220742 MORTGAGORS: GABBARD PAUL
GABBARD DEIRDRE
REGION CODE ADDRESS : 980 SHADYBROOK DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94521
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031220817 MORTGAGORS: OGDEN MARK
REGION CODE ADDRESS : 596 ROSEMONT AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91103
MORTGAGE AMOUNT : 412,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,493.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,886.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,652,600.00
P & I AMT: 11,548.51
UPB AMT: 1,651,371.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031220874 MORTGAGORS: WILKENS DANN
WILKENS MARJORIE
REGION CODE ADDRESS : 837 ENSENADA AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,772.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.74473
----------------------------------------------------------------
0 0031220908 MORTGAGORS: WELTY KENNETH
WHALEY LYNNE
REGION CODE ADDRESS : 4760 MONTEFINO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 346,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,155.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,481.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031220973 MORTGAGORS: MC CLOUD JIM
MC CLOUD CYNTHIA
REGION CODE ADDRESS : 7471 E. MILL STREAM CIRCLE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,655.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031221005 MORTGAGORS: BELTRAN JOHN
SEH LO
REGION CODE ADDRESS : 54 EDWARD AVE
01 CITY : SAN RAPHAEL
STATE/ZIP : CA 94903
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031221021 MORTGAGORS: WARREN WILLIAM
WARREN JAYNIE
REGION CODE ADDRESS : 869 PLAZA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,781.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.79452
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,680,400.00
P & I AMT: 11,775.55
UPB AMT: 1,679,156.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031221179 MORTGAGORS: BOBOLTZ DAVID
REGION CODE ADDRESS : 15900 FINEGAN DRIVE
01 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 237,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,636.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 66.05500
----------------------------------------------------------------
0 0031221187 MORTGAGORS: FINKELSTEIN LUIS
REGION CODE ADDRESS : 10175 COLLINS AVE. UNIT #PH-4
01 CITY : BAL HARBOUR
STATE/ZIP : FL 33154
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.78900
----------------------------------------------------------------
0 0031221252 MORTGAGORS: RABIN MARK
RABIN JUDY
REGION CODE ADDRESS : 1516 DEFOE STREET
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,778.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.30000
----------------------------------------------------------------
0 0031221328 MORTGAGORS: REXO ROBERT
REXO LORRAINE
REGION CODE ADDRESS : 3 ARBOR CREEK DRIVE
01 CITY : PITTSFORD
STATE/ZIP : NY 14534
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.26200
----------------------------------------------------------------
0 0031221385 MORTGAGORS: THOMAS TIMOTHY
THOMAS PEGGY
REGION CODE ADDRESS : 7009 156TH STREET SW
01 CITY : EDMONDS
STATE/ZIP : WA 98026
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,761.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.93200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,376,800.00
P & I AMT: 9,667.95
UPB AMT: 1,375,785.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031221658 MORTGAGORS: HUBERT DOUGLAS
HUBERT LEANN
REGION CODE ADDRESS : 1704 LACEY OAK LANE
01 CITY : KELLER
STATE/ZIP : TX 76248
MORTGAGE AMOUNT : 140,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,185.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 933.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97300
----------------------------------------------------------------
0 0031221716 MORTGAGORS: DORIA THOMAS
DORIA KIMBERLY
REGION CODE ADDRESS : 5300 VIA SANTANDER
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,984.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031221773 MORTGAGORS: JOHNSON CHARLES
JOHNSON MELODY
REGION CODE ADDRESS : 1304 CASCADE FALLS DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30311
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031221849 MORTGAGORS: SANCHEZ ANGEL
SANCHEZ MICHELE
REGION CODE ADDRESS : 1767 HICKORY AVENUE
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031221864 MORTGAGORS: KEEGAN BILL
REGION CODE ADDRESS : 15970 BUCHER DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.19100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,290,900.00
P & I AMT: 9,026.12
UPB AMT: 1,289,882.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031221955 MORTGAGORS: MIKOWICZ JAMES
MIKOWICZ LINDA
REGION CODE ADDRESS : 4636 PARKTRAIL COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 277,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,256.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.06570
----------------------------------------------------------------
0 0031222094 MORTGAGORS: HSIEH STEVEN
HSIEH MARY
REGION CODE ADDRESS : 10710 MINETTE DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 411,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,709.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,944.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.01700
----------------------------------------------------------------
0 0031222102 MORTGAGORS: STANSBURY GLENN
STANSBURY DIANA
REGION CODE ADDRESS : 126 PARK WATSON PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,275.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031222268 MORTGAGORS: WOOD MICHAEL
MCKIBBEN BARRETT
REGION CODE ADDRESS : 3832 WERTZ DRIVE
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22193
MORTGAGE AMOUNT : 188,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 188,345.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,254.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.96200
----------------------------------------------------------------
0 0031222284 MORTGAGORS: NGO PHAN
NGO JACQUELINE
REGION CODE ADDRESS : 425 NAVARO WAY # 117
01 CITY : SAN JOSE
STATE/ZIP : CA 95134
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,606.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,425,450.00
P & I AMT: 9,974.64
UPB AMT: 1,424,195.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031222334 MORTGAGORS: CONNIFF RICHARD
CONNIFF SANDRA
REGION CODE ADDRESS : 1128 THORNTREE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,719.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,739.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.01886
----------------------------------------------------------------
0 0031222391 MORTGAGORS: DENNEY SCOTT
DENNEY PAM
REGION CODE ADDRESS : 3569 CAMBRIDGE LANE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 619,562.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,441.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031222508 MORTGAGORS: BAE NITA
REGION CODE ADDRESS : 16926 YVETTE AVENUE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,069.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031222516 MORTGAGORS: FRIES WILLIAM
PERUSSE DIANE
REGION CODE ADDRESS : 11515 VIA PLAYA DE CORTES
01 CITY : SAN DIEGO
STATE/ZIP : CA 92124
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,820.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031222573 MORTGAGORS: HEMBERGER DANA
REGION CODE ADDRESS : 64 PENINSULA ROAD
01 CITY : BELVEDERE
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 601,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,542.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,150.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 40.74576
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,108,400.00
P & I AMT: 14,960.13
UPB AMT: 2,106,714.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031222581 MORTGAGORS: BEAZELL JAMES
BEAZELL ELIZABETH
REGION CODE ADDRESS : 1441 MOUNT WESKE DRIVE
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 233,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,035.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.00760
----------------------------------------------------------------
0 0031222615 MORTGAGORS: SCOTT GARY
SCOTT KIMBERLY
REGION CODE ADDRESS : 11122 SYCAMORE HILLS DR
01 CITY : FT. WAYNE
STATE/ZIP : IN 46804
MORTGAGE AMOUNT : 329,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031222623 MORTGAGORS: DALE STEVEN
DALE LORI
REGION CODE ADDRESS : 508 BRUMSEY COURT
01 CITY : S.W. LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 252,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,755.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97100
----------------------------------------------------------------
0 0031222854 MORTGAGORS: SHERWIN JOHN
SHERWIN CAROLYN
REGION CODE ADDRESS : 93 SOUTHWIND CIRCLE
01 CITY : RICHMOND
STATE/ZIP : CA 94804
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031222896 MORTGAGORS: SHOCKLEY THOMAS
SHOCKLEY ELIZABETH
REGION CODE ADDRESS : 10211 BEVERLY DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,345,950.00
P & I AMT: 9,384.66
UPB AMT: 1,344,800.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031222904 MORTGAGORS: LAM MARLON
LAM CINDY
REGION CODE ADDRESS : 3530 JUDAH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,829.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031222938 MORTGAGORS: LEWIS WALTER
LEWIS MARY-LYNN
REGION CODE ADDRESS : 4859 HUMBER PLACE
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,042.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.74110
----------------------------------------------------------------
0 0031222946 MORTGAGORS: RAGU RAMESH
RAGU VALYA
REGION CODE ADDRESS : 45750 CHABLIS COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 569,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,173.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,027.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.86600
----------------------------------------------------------------
0 0031222953 MORTGAGORS: PEIL JERRY
PEIL JORDANA
REGION CODE ADDRESS : 330 CLARENDON ROAD
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,284.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,958.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.52200
----------------------------------------------------------------
0 0031222961 MORTGAGORS: MORRISON ALDINE
REGION CODE ADDRESS : 4840 SOUTH HIGHLAND CIRCLE, UNIT #6
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84117
MORTGAGE AMOUNT : 63,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 63,452.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 444.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.81100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,398,400.00
P & I AMT: 9,843.80
UPB AMT: 1,396,782.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031222979 MORTGAGORS: TIERNEY JEROLD
BARRETT JEANNE
REGION CODE ADDRESS : 15236 ARNOLD DRIVE
01 CITY : GLEN ELLEN
STATE/ZIP : CA 95442
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,577.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.67010
----------------------------------------------------------------
0 0031222987 MORTGAGORS: WINTER EDWARD
WINTER KATHLEEN
REGION CODE ADDRESS : 2500 EL CAPITAN AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,402.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031222995 MORTGAGORS: UGURBIL ZIHNI
UGURBIL KAREN
REGION CODE ADDRESS : 724 OREGON AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 463,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,354.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,237.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.08000
----------------------------------------------------------------
0 0031223001 MORTGAGORS: VINCENT PHILIPPE
VINCENT DEBORAH
REGION CODE ADDRESS : 910 CONTRA COSTA AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,713.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223019 MORTGAGORS: ZAP STEVEN
REGION CODE ADDRESS : 4317 REYES DRIVE
01 CITY : TARZANA AREA LOS ANGELES
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,465.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.46800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,744,600.00
P & I AMT: 12,156.57
UPB AMT: 1,742,513.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031223027 MORTGAGORS: YAGI DARYL
YAGI SUZANNE
REGION CODE ADDRESS : 48 FREEMAN COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,830.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223035 MORTGAGORS: NAYLOR NICKI
REGION CODE ADDRESS : 197 FRANCE STREET
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,582.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.13000
----------------------------------------------------------------
0 0031223043 MORTGAGORS: NAWROCKI J
REGION CODE ADDRESS : 3414 BRODERICK STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,435.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.72300
----------------------------------------------------------------
0 0031223050 MORTGAGORS: WILSON MAUREEN
REGION CODE ADDRESS : 3728 NORTH WOODHURST DRIVE
01 CITY : COVINA (AREA)
STATE/ZIP : CA 91724
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,014.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223100 MORTGAGORS: RACK PETER
RACK ELIZABETH
REGION CODE ADDRESS : 8 ROSS DRIVE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,992.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,415,400.00
P & I AMT: 9,895.07
UPB AMT: 1,413,855.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031223126 MORTGAGORS: GRANDIS GLENN
GRANDIS KATHLEEN
REGION CODE ADDRESS : 18674 SANTA IRENE STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 306,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,122.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99007
----------------------------------------------------------------
0 0031223159 MORTGAGORS: SCHMIDT BRIAN
SCHMIDT SUNG
REGION CODE ADDRESS : 4736 FAWN WAY
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 258,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,167.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,850.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031223167 MORTGAGORS: GONZALES GREGORY
GONZALES DEBBIE
REGION CODE ADDRESS : 1310 GARDEN LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,608.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223175 MORTGAGORS: KOVACS STEPHEN
REGION CODE ADDRESS : 4041 CREST DRIVE
01 CITY : SOUTH LAKE TAHOE
STATE/ZIP : CA 96150
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,675.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,170.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223183 MORTGAGORS: MOSHREFI MASSOOD
AMIRHOSSEINI SHIREEN
REGION CODE ADDRESS : 7461 HANSEN DRIVE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,769.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,700.00
P & I AMT: 11,110.92
UPB AMT: 1,571,343.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031223258 MORTGAGORS: SHEETS ROBERT
REGION CODE ADDRESS : 218 LUGONIA STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,577.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223266 MORTGAGORS: WOODCOCK PETER
WOODCOCK ROSEMARY
REGION CODE ADDRESS : 1716 NORTH STANLEY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,624.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.85500
----------------------------------------------------------------
0 0031223282 MORTGAGORS: RANKINE STUART
SEFMAN MICHELE
REGION CODE ADDRESS : 3384 LINDA VISTA ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,003.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223290 MORTGAGORS: RILEY LISA
HILLS BARRY
REGION CODE ADDRESS : 45 WEST SUMMIT DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.95700
----------------------------------------------------------------
0 0031223308 MORTGAGORS: LES JAMES
LES JODI
REGION CODE ADDRESS : 5955 GRANITE HILLS DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,303.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,206.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.71300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,400.00
P & I AMT: 11,575.53
UPB AMT: 1,638,230.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031223340 MORTGAGORS: SCHULHOF MICHAEL
REGION CODE ADDRESS : 6689 EAST OAK FOREST DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.46100
----------------------------------------------------------------
0 0031223357 MORTGAGORS: BELLANTE CHARLES
BELLANTE SHERI
REGION CODE ADDRESS : 2620 W 231ST STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
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 : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223373 MORTGAGORS: FERA JANICE
FERA ROBERT
REGION CODE ADDRESS : 25659 WHITTEMORE DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,762.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.06500
----------------------------------------------------------------
0 0031223381 MORTGAGORS: SCHOLVINCK FEDOR
SCHOLVINCK CAROLYN
REGION CODE ADDRESS : 9441 GARIBALDI AVENUE
01 CITY : TEMPLE CITY
STATE/ZIP : CA 91780
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,740.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,278.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.12300
----------------------------------------------------------------
0 0031223399 MORTGAGORS: AINLEY CHRISTOPHER
MARSTON-AINLEY SHELBY
REGION CODE ADDRESS : 2618 CLARAY DRIVE #72
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,000.00
P & I AMT: 11,680.51
UPB AMT: 1,659,745.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031223407 MORTGAGORS: EDWARDS STEPHEN
EDWARDS MARGUERITE
REGION CODE ADDRESS : 718 ADMIRAL COURT
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,740.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.67300
----------------------------------------------------------------
0 0031223415 MORTGAGORS: WEINBERG RUDI
WEINBERG NATALIE
REGION CODE ADDRESS : 133 NORTH BROOKSHIRE AVENUE
01 CITY : VENTURA
STATE/ZIP : CA 93003
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,276.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031223431 MORTGAGORS: ROODVELT EDUARDO
ROODVELT LILIANA
REGION CODE ADDRESS : 798 AUGUSTA DRIVE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,684.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0031223456 MORTGAGORS: FISHKIN VADIM
GENDLINA MARINA
REGION CODE ADDRESS : 3400 OLD COURT ROAD
01 CITY : PIKESVILLE
STATE/ZIP : MD 21208
MORTGAGE AMOUNT : 228,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,426.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,578.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223571 MORTGAGORS: LERNER DAVID
KNECHT KATHERINE
REGION CODE ADDRESS : 3002 ARROWHEAD DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,690,100.00
P & I AMT: 11,765.47
UPB AMT: 1,688,832.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031223647 MORTGAGORS: MAYFIELD DOUGLAS
KAO-MAYFIELD MARISA
REGION CODE ADDRESS : 5029 OAK HOLLOW TERRACE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,580.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0031223696 MORTGAGORS: LAURIDSEN JENS OLE
SHIFFMAN LYNN
REGION CODE ADDRESS : 202 HELEN AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95065
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223753 MORTGAGORS: HANDEN DOUGLAS
HANDEN TRACY
REGION CODE ADDRESS : 4305 ILLINOIS AVENUE
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,327.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031223803 MORTGAGORS: STAFFORD ROBERT
STAFFORD JESSICA
REGION CODE ADDRESS : 5 GRANITE COURT
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 386,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,512.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,704.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031223951 MORTGAGORS: SHARP JOHN
SHARP MARGARET
REGION CODE ADDRESS : 2205 COLESHIRE DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75075
MORTGAGE AMOUNT : 101,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 101,426.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 718.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,279,600.00
P & I AMT: 8,928.49
UPB AMT: 1,278,645.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031224017 MORTGAGORS: CUOZZO DANIEL
CUOZZO MARY
REGION CODE ADDRESS : 8291 RIDING CLUB ROAD EAST
01 CITY : JACKSONVILLE
STATE/ZIP : FL 33256
MORTGAGE AMOUNT : 308,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,526.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031224272 MORTGAGORS: LIVRAN JAY
LIVRAN SUSANNE
REGION CODE ADDRESS : 80 CREAMERY TRAIL
01 CITY : EDWARDS
STATE/ZIP : CO 81632
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031224306 MORTGAGORS: SHRADER SCOTT
SHRADER RICHARD
REGION CODE ADDRESS : 9040 ELEVADO STREET
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 367,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,327.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,570.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031224595 MORTGAGORS: ZEHBE JENS
REGION CODE ADDRESS : 87 DEL SUR STREET
01 CITY : VALLEJO
STATE/ZIP : CA 94591
MORTGAGE AMOUNT : 140,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,443.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 970.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031224702 MORTGAGORS: COOKSEY JOHNNY
COOKSEY PHYLLIS
REGION CODE ADDRESS : 460 9TH AVENUE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,408.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,103.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,900.00
P & I AMT: 10,570.17
UPB AMT: 1,495,514.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031224728 MORTGAGORS: LARSON KONRAD
LARSON SANDRA
REGION CODE ADDRESS : 4 HUDSON
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,309.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031224785 MORTGAGORS: OVERZYL ROBERT
OVERZYL MIDORI
REGION CODE ADDRESS : 254 PROSPECT AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.64700
----------------------------------------------------------------
0 0031224793 MORTGAGORS: HOLMAN RANDALL
HOLMAN LORAINE
REGION CODE ADDRESS : 4666 ADAGIO LANE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.30800
----------------------------------------------------------------
0 0031224827 MORTGAGORS: CARRAU ROBERT
TANIS DAVID
REGION CODE ADDRESS : 144-146-148 CHATTANOOGA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031224835 MORTGAGORS: STEPP DAVID
REGION CODE ADDRESS : 2620 HOLLYRIDGE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,461.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,500.00
P & I AMT: 10,910.50
UPB AMT: 1,551,088.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031224876 MORTGAGORS: CROWDER LARRY
CROWDER JEANENE
REGION CODE ADDRESS : 27812 GREENWAY DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 608,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 607,581.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,408.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031224884 MORTGAGORS: ROBNETT GEORGE
ROBNETT-SIMIEN L'TANYA
REGION CODE ADDRESS : 27831 NORTH BLOOMFIELD COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,150.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031224900 MORTGAGORS: DORENFELD DAVID
DORENFELD STACEY
REGION CODE ADDRESS : 6335 MARQUIS COURT
01 CITY : OAK PARK
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,374.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 86.60000
----------------------------------------------------------------
0 0031224918 MORTGAGORS: BECKER MICHAEL
BECKER LORI
REGION CODE ADDRESS : 5274 PEARLMAN WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 403,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,403.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,715.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031224926 MORTGAGORS: BIELER STEWART
BIELER BARBARA
REGION CODE ADDRESS : 5367 RUETTE DE MER
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 272,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,592.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99953
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,939,400.00
P & I AMT: 13,480.04
UPB AMT: 1,937,101.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031224934 MORTGAGORS: ROGERS J.
ROGERS LYLA
REGION CODE ADDRESS : 31 CALLE AMENO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 569,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,381.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,931.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031224967 MORTGAGORS: SIART JACK
SIART KATHY
REGION CODE ADDRESS : 7045 ASHLEY DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 294,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,311.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031224983 MORTGAGORS: CORNELL STEVE
CORNELL PATRICIA
REGION CODE ADDRESS : 15 HIDDEN VALLEY PLACE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 468,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,427.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,398.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031224991 MORTGAGORS: NEIFERT RICHARD
NEIFERT PEGGY
REGION CODE ADDRESS : 642 ALISON CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.29500
----------------------------------------------------------------
0 0031225014 MORTGAGORS: SIDLO PAUL
SIDLO DOROTHEA
REGION CODE ADDRESS : 2460 EUCLID STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,461.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.60400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,930,750.00
P & I AMT: 13,470.79
UPB AMT: 1,928,581.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031225030 MORTGAGORS: TIBAYAN ARTURO
TIBAYAN GLORIA
REGION CODE ADDRESS : 12229 MEADOW GRASS COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 234,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,942.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031225048 MORTGAGORS: BLANCH SCOTT
BLANCH JILL
REGION CODE ADDRESS : 12217 COTTONWOOD GROVE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 294,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,047.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99500
----------------------------------------------------------------
0 0031225055 MORTGAGORS: MELL KEITH
MELL JANICE
REGION CODE ADDRESS : 12213 MEADOW GRASS COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,771.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031225253 MORTGAGORS: WEISENBERG LARRY
WEISENBERG GARIANN
REGION CODE ADDRESS : 4501 LENNOX AVENUE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,811.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031225394 MORTGAGORS: CRAVERO JOSEPH
MURRAY-CRAVERO CAROLYN
REGION CODE ADDRESS : 7 DOWNING ROAD
01 CITY : HANOVER
STATE/ZIP : NH 03755
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,356,750.00
P & I AMT: 9,548.53
UPB AMT: 1,355,360.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031225444 MORTGAGORS: BUSSE BRIAN
BUSSE PEGGYLEE
REGION CODE ADDRESS : 5541 DANNY AVENUE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 130,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,405.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 923.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.09000
----------------------------------------------------------------
0 0031225469 MORTGAGORS: OWEN JOHN
OWEN FRANCES
REGION CODE ADDRESS : 506 BARDFIELD AVENUE
01 CITY : GARLAND
STATE/ZIP : TX 75041
MORTGAGE AMOUNT : 108,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,519.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 759.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031225493 MORTGAGORS: HISE REX
HISE M
REGION CODE ADDRESS : 3809 KAZAK
01 CITY : GARLAND
STATE/ZIP : TX 75041
MORTGAGE AMOUNT : 88,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 88,732.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 613.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031225527 MORTGAGORS: WHITE LARRY
WHITE DOROTHY
REGION CODE ADDRESS : ROUTE 4 BOX 392
01 CITY : HURRICANE
STATE/ZIP : WV 25526
MORTGAGE AMOUNT : 105,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 105,719.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 730.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.03500
----------------------------------------------------------------
0 0031225584 MORTGAGORS: SUZUKI KEIICHI
SUZUKI SELMA
REGION CODE ADDRESS : 40 MOUNTAIN SPRINGS DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,688.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.27800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 653,700.00
P & I AMT: 4,603.18
UPB AMT: 653,065.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031225626 MORTGAGORS: ALPER JONATHAN
TAN ELIZABETH
REGION CODE ADDRESS : 260 EVERGREEN AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 272,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,333.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.08600
----------------------------------------------------------------
0 0031225634 MORTGAGORS: TAKEMOTO KO
TAKEMOTO HISAKO
REGION CODE ADDRESS : 3036 20TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94132
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,618.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.30400
----------------------------------------------------------------
0 0031225642 MORTGAGORS: WONG WALTER
WONG EVELYN
REGION CODE ADDRESS : 946 PALO ALTO DRIVE
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,824.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.45454
----------------------------------------------------------------
0 0031225667 MORTGAGORS: HERNDON JAMES
HERNDON MELINDA
REGION CODE ADDRESS : 31951 VIA PAVO REAL
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 413,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,908.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,960.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.70400
----------------------------------------------------------------
0 0031225683 MORTGAGORS: BOLTON GREGG
BOLTON CYNTHIA
REGION CODE ADDRESS : 11822 SOUTHWICK COURT
01 CITY : DUBLIN
STATE/ZIP : CA 94568
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,424,950.00
P & I AMT: 10,073.99
UPB AMT: 1,423,515.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031225717 MORTGAGORS: GROSSMAN JEFFREY
GROSSMAN RUBY
REGION CODE ADDRESS : 3706 STONE CANYON AVENUE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,827.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.11100
----------------------------------------------------------------
0 0031225725 MORTGAGORS: MONTOURE DONALD
MONTOURE TOBY
REGION CODE ADDRESS : 22748 FLAMINGO STREET
01 CITY : WOODLAND HILLS AREA LOS A
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,771.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031225733 MORTGAGORS: FLICK PAUL
FLICK SARA
REGION CODE ADDRESS : 1342 LA PERESA DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 280,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,401.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.04200
----------------------------------------------------------------
0 0031225758 MORTGAGORS: GEORGE GEORGE
GEORGE JO ANN
REGION CODE ADDRESS : 12618 SONORA ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.06200
----------------------------------------------------------------
0 0031225766 MORTGAGORS: SPENCER DALE
SPENCER KATHERINE
REGION CODE ADDRESS : 4318 LAUDERDALE AVENUE
01 CITY : LA CRESCENTA AREA GLENDAL
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,827.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.23000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,303,600.00
P & I AMT: 9,205.35
UPB AMT: 1,301,645.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031225774 MORTGAGORS: LEVI LYNNE
ROSS ROLAND
REGION CODE ADDRESS : 133 LAKE MERCED HILL SOUTH
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94132
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031225782 MORTGAGORS: HELMUS MICHAEL
HELMUS SHOSHANA
REGION CODE ADDRESS : 3733 CEDAR AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 285,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,537.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031225808 MORTGAGORS: BATIN RONALD
BATIN MILDRED
REGION CODE ADDRESS : 5346 EVENING CANYON WAY
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91637
MORTGAGE AMOUNT : 257,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,608.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.89600
----------------------------------------------------------------
0 0031226004 MORTGAGORS: SWING PAUL
SWING DIANE
REGION CODE ADDRESS : 2983 HOLIDAY COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0031226046 MORTGAGORS: KIRCHNER JON
REGION CODE ADDRESS : 4941 BRUGES AVENUE (WOODLAND HILLS
01 CITY : LOS ANGELES
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,825.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.41170
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,316,550.00
P & I AMT: 9,338.81
UPB AMT: 1,315,600.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031226053 MORTGAGORS: DITULLIO NICHOLAS
REGION CODE ADDRESS : 261 WILLIAM DRIVE
01 CITY : CANONSBURG
STATE/ZIP : PA 15317
MORTGAGE AMOUNT : 232,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,769.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0031226079 MORTGAGORS: SOONG GEORGE
SOONG JOYCE
REGION CODE ADDRESS : 240 WALNUT AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------
0 0031226095 MORTGAGORS: ARNOLD STEVEN
ARNOLD DEENA
REGION CODE ADDRESS : 2379 NORTH ROCKRIDGE CIRCLE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,786.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031226194 MORTGAGORS: PASCUA FRANCISCO
PASCUA ROSALINDA
REGION CODE ADDRESS : 1480 SIERRAVILLE AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95132
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,830.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.62810
----------------------------------------------------------------
0 0031226210 MORTGAGORS: RICKER JOHN
RICKER CYNTHIA
REGION CODE ADDRESS : 26892 VIA GRANDE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 260,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,706.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,424,300.00
P & I AMT: 10,125.47
UPB AMT: 1,422,803.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031226228 MORTGAGORS: SMITH KEITH
SMITH MARY
REGION CODE ADDRESS : 2611 DORKING PLACE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,246.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031226301 MORTGAGORS: SCHENCK GEORGE
SCHENCK VIRGINIA
REGION CODE ADDRESS : 2179 RIDGE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 40.75300
----------------------------------------------------------------
0 0031226350 MORTGAGORS: MC ELROY PHILIP
MC ELROY KRISTA
REGION CODE ADDRESS : 1664 JARRETTOWN ROAD
01 CITY : DRESHER
STATE/ZIP : PA 19025
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,493.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.71200
----------------------------------------------------------------
0 0031226384 MORTGAGORS: SOKOL ALFRED
SOKOL DOROTHE
REGION CODE ADDRESS : 24833 PASEO DEL RANCHO
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 478,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,097.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,468.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 79.99800
----------------------------------------------------------------
0 0031226491 MORTGAGORS: NAYEBI BAHMAN
NAYEBI JALEH
REGION CODE ADDRESS : 4309 MIRALESTE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,359.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,364.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,892,850.00
P & I AMT: 13,479.15
UPB AMT: 1,888,973.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031226624 MORTGAGORS: REISCHL THOMAS
REISCHL SHANNON
REGION CODE ADDRESS : 1701 MCBAIN AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,738.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.59600
----------------------------------------------------------------
0 0031226681 MORTGAGORS: BERGUM STAN
BERGUM DORIS
REGION CODE ADDRESS : 13 GLASTONBURY PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031226756 MORTGAGORS: BURGESS DAVID
BURGESS BARBARA
REGION CODE ADDRESS : 9 HARVEST GLEN COURT
01 CITY : HAWTHORNE WOODS
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,545.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,215.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.25000
----------------------------------------------------------------
0 0031226780 MORTGAGORS: BARRON HUMBERTO
BARRON SUZANNE
REGION CODE ADDRESS : 3 WEDGEWOOD COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 233,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,510.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031226798 MORTGAGORS: BENZEN GORDON
REGION CODE ADDRESS : 9581 SMOKEY CIR
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,435.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,545,650.00
P & I AMT: 10,852.54
UPB AMT: 1,544,230.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031226806 MORTGAGORS: HAUGEN JANET
REGION CODE ADDRESS : 1503 VALLEY VIEW DRIVE
01 CITY : GWYNEDD VALLEY
STATE/ZIP : PA 19437
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,589.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.81100
----------------------------------------------------------------
0 0031226822 MORTGAGORS: MURPHY CHRISTOPHER
MURPHY BREN
REGION CODE ADDRESS : 1506 GROVE STREET
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,629.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.68700
----------------------------------------------------------------
0 0031226830 MORTGAGORS: MAZZOLI FRANK
MAZZOLI MELLISSA
REGION CODE ADDRESS : 5681 ARLENE WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 266,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,682.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031226954 MORTGAGORS: MAURINO VINCENT
MAURINO CARMEN
REGION CODE ADDRESS : 1671 CLARK LANE
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,996.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031226970 MORTGAGORS: PETERSON DAVID
PETERSON ANNE
REGION CODE ADDRESS : 1423 ANTIGUA WAY
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,428.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,001.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,521,250.00
P & I AMT: 10,964.03
UPB AMT: 1,519,326.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031226996 MORTGAGORS: BENJAMIN BIALIK
BENJAMIN MARLA
REGION CODE ADDRESS : 4139 MAMMOTH AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,549.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031227085 MORTGAGORS: APOLLO JOEL
APOLLO SARAH
REGION CODE ADDRESS : 16491 SOMERSET LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,362.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,992.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031227101 MORTGAGORS: GAGE THEODORE
REGION CODE ADDRESS : 1117 HARVARD TERRACE
01 CITY : EVANSTON
STATE/ZIP : IL 60202
MORTGAGE AMOUNT : 184,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 184,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,274.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031227119 MORTGAGORS: POMALES JUSTA
REGION CODE ADDRESS : 37-19 88TH ST
01 CITY : JACKSON HEIGHTS
STATE/ZIP : NY 11372
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,598.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031227184 MORTGAGORS: SCHAEFFER KEVIN
SCHAEFFER DONNA
REGION CODE ADDRESS : 3209 CHRISLAND DRIVE
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.39700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,500.00
P & I AMT: 10,244.84
UPB AMT: 1,451,010.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031227226 MORTGAGORS: FERRELL DENNIS
FERRELL DENISE
REGION CODE ADDRESS : 420 OVERLAND DRIVE
01 CITY : LOWERY CROSSING
STATE/ZIP : TX 75069
MORTGAGE AMOUNT : 102,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 102,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 718.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031227291 MORTGAGORS: GIALANELLA VINCENT
REGION CODE ADDRESS : 217 BEACON BOULEVARD
01 CITY : SEA GIRT
STATE/ZIP : NJ 08750
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,420.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.05900
----------------------------------------------------------------
0 0031227440 MORTGAGORS: RENETZKY MARK
RENETZKY LISA
REGION CODE ADDRESS : 17100 CHAISE RIDGE
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.57100
----------------------------------------------------------------
0 0031227473 MORTGAGORS: STREETER CALVIN
STREETER DIANE
REGION CODE ADDRESS : 21008 MARTIN LANE
01 CITY : PFLUGERVILLE
STATE/ZIP : TX 78660
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 212,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,500.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031227481 MORTGAGORS: HERRERA JOHN
HERRERA CYNTHIA
REGION CODE ADDRESS : 1574 KLONDIKE PL
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,902.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,306,200.00
P & I AMT: 9,151.36
UPB AMT: 1,305,122.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031227523 MORTGAGORS: BROWN RALPH
BROWN SANDRA
REGION CODE ADDRESS : 1134 PHEASANT RIDGE DR
01 CITY : LAKE ZURICH
STATE/ZIP : IL 60047
MORTGAGE AMOUNT : 238,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,262.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.22900
----------------------------------------------------------------
0 0031227549 MORTGAGORS: SULLIVAN BRIAN
SULLIVAN MICHELLE
REGION CODE ADDRESS : 1170 REGAL OAK DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 267,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,211.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031227556 MORTGAGORS: MCKENZIE BOBBY
MCKENZIE SHERRY
REGION CODE ADDRESS : 5611 WILLOW CROSSING COURT
01 CITY : CLIFTON
STATE/ZIP : VA 22024
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,772.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031227564 MORTGAGORS: COLAVITO JOSEPH
REGION CODE ADDRESS : 2008 PALMETTO DUNES CT
01 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 339,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,707.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,400.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031227671 MORTGAGORS: FISH PAUL
FISH JANE
REGION CODE ADDRESS : 1748 LARKDALE RD
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,641.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.49200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,382,200.00
P & I AMT: 9,751.79
UPB AMT: 1,380,595.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031227705 MORTGAGORS: JAENICKE KRIS
JAENICKE ANN
REGION CODE ADDRESS : 2550 PICKERINGTON WAY
01 CITY : HUDSON
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 342,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,014.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.84000
----------------------------------------------------------------
0 0031227747 MORTGAGORS: COULTER LONIE
COULTER JOY
REGION CODE ADDRESS : 3968 REDFORD CT
01 CITY : NEW ALBANY
STATE/ZIP : OH 43054
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,346.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.96200
----------------------------------------------------------------
0 0031227762 MORTGAGORS: LEVY BRENT
LEVY EVE
REGION CODE ADDRESS : 34735 RANCHERO ROAD
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,564.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.88400
----------------------------------------------------------------
0 0031227812 MORTGAGORS: WYRSCH GERARD
WYRSCH MARTHA
REGION CODE ADDRESS : 4081 SOUTH DAHLIA STREET
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,458.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031227838 MORTGAGORS: GOLAB JONATHAN
GOLAB ANN
REGION CODE ADDRESS : 3617 AUSTIN COURT
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 273,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,696.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 79.97100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,400.00
P & I AMT: 12,067.51
UPB AMT: 1,713,081.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031227846 MORTGAGORS: MEYER CHARLES
REGION CODE ADDRESS : 2121 E. LAKE SAMMAMISH PLACE SE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,147.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.31700
----------------------------------------------------------------
0 0031227903 MORTGAGORS: BEGGS MICHAEL
BEGGS SUSAN
REGION CODE ADDRESS : 611 STRIBLING COURT
01 CITY : LEESBERG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 274,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,941.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031227986 MORTGAGORS: BERNARD BETSY
REGION CODE ADDRESS : 582 VALLEY DRIVE
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
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 : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031228042 MORTGAGORS: COKGOR ILKAN
COKGOR AMY
REGION CODE ADDRESS : 1402 WILLOWVIEW COURT
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,812.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 93.56000
----------------------------------------------------------------
0 0031228059 MORTGAGORS: PANNONI ROBERT
PANNONI BARBARA
REGION CODE ADDRESS : 4953 MCCOY AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.19200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,650.00
P & I AMT: 9,333.84
UPB AMT: 1,345,453.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031228067 MORTGAGORS: BOWSER NORMAN
BOWSER ELIZABETH
REGION CODE ADDRESS : 3955 ESTATE DRIVE
01 CITY : VACAVILLE
STATE/ZIP : CA 95688
MORTGAGE AMOUNT : 254,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,765.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.99700
----------------------------------------------------------------
0 0031228075 MORTGAGORS: ANTHONY JOHN
ANTHONY V
REGION CODE ADDRESS : 4404 GLENCANNON DRIVE
01 CITY : SUISUN CITY
STATE/ZIP : CA 94585
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,669.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,892.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031228083 MORTGAGORS: MANGHISE ERIC
CHIN CAROLYN
REGION CODE ADDRESS : 10477 MAGDALENA ROAD
01 CITY : LOS ALTOS HILLS
STATE/ZIP : CA 94022
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 : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 43.80400
----------------------------------------------------------------
0 0031228125 MORTGAGORS: VEGA HERNAN
VEGA LIZZETTE
REGION CODE ADDRESS : 1106 WALCOTT WAY
01 CITY : MORRISVILLE
STATE/ZIP : NC 27560
MORTGAGE AMOUNT : 278,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,434.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031228133 MORTGAGORS: BONIN ALBERT
BONIN GINGER
REGION CODE ADDRESS : 10729 VISTA VIEW DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,668.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,547,800.00
P & I AMT: 10,744.90
UPB AMT: 1,546,258.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031228158 MORTGAGORS: MAGNUSON DAVE
MAGNUSON DYAN
REGION CODE ADDRESS : 25711 NELLIE GAIL ROAD
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,714.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031228166 MORTGAGORS: OSSERMAN GEORGETTE
REGION CODE ADDRESS : 370 SAUSALITO BLVD
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 491,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,662.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,560.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.66100
----------------------------------------------------------------
0 0031228232 MORTGAGORS: HARRILL PAUL
REGION CODE ADDRESS : 19521 CAVE WAY
01 CITY : TOPANGA
STATE/ZIP : CA 90290
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,776.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.87350
----------------------------------------------------------------
0 0031228240 MORTGAGORS: HOY THOMAS
HOY ANNE
REGION CODE ADDRESS : 5505 POTTERS LANE
01 CITY : PIPERSVILLE
STATE/ZIP : PA 18947
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,550.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031228323 MORTGAGORS: COUSIN MARLON
COUSIN QUINNETTE
REGION CODE ADDRESS : 200 PEBBLE CREEK PLACE
01 CITY : ATLANTA
STATE/ZIP : GA 30331
MORTGAGE AMOUNT : 299,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,791,550.00
P & I AMT: 12,732.05
UPB AMT: 1,790,254.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031228349 MORTGAGORS: WINFIELD CELINA
REGION CODE ADDRESS : 9143 ROLLING HILLS
01 CITY : HOLLAND
STATE/ZIP : OH 43528
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,558.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.52900
----------------------------------------------------------------
0 0031228463 MORTGAGORS: LAWSON ALIZABETH
REGION CODE ADDRESS : 4215 ARGYLE TERRACE
01 CITY : WASHINGTON
STATE/ZIP : DC 20011
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031229172 MORTGAGORS: NEWMAN ERIC
NEWMAN KATHLEEN
REGION CODE ADDRESS : 810 SOUTH GARFIELD STREET
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 353,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,086.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,502.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031229222 MORTGAGORS: WHITE STEVEN
WHITE SUSAN
REGION CODE ADDRESS : 2808 NORTH 161ST TERRACE
01 CITY : OMAHA
STATE/ZIP : NE 68116
MORTGAGE AMOUNT : 359,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,578.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031229446 MORTGAGORS: HAMMER MICHAEL
REGION CODE ADDRESS : 12027 MARCIA DRIVE
01 CITY : HOUSTON
STATE/ZIP : TX 77065
MORTGAGE AMOUNT : 76,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 76,745.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 550.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,350.00
P & I AMT: 9,601.35
UPB AMT: 1,352,953.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031229503 MORTGAGORS: CARAMANICA JANICE
CARAMANICA JOSEPH
REGION CODE ADDRESS : 8353 JUSTIN ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22309
MORTGAGE AMOUNT : 323,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,609.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031229545 MORTGAGORS: SPRADLING GUY
REGION CODE ADDRESS : 1 MILFORD HEIGHTS ROAD
01 CITY : MILFORD
STATE/ZIP : PA 18377
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031229792 MORTGAGORS: TRAMMELL SUZANNE
REGION CODE ADDRESS : 802 VEDADO WAY
01 CITY : ATLANTA
STATE/ZIP : GA 30308
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,613.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031229800 MORTGAGORS: DER ANNIS
DER GARRICK
REGION CODE ADDRESS : 7 EAST COVE COURT
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,021.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.61200
----------------------------------------------------------------
0 0031229826 MORTGAGORS: TRIVETT DANIEL
TRIVETT TRACEY
REGION CODE ADDRESS : RT 2 BOX 433
01 CITY : COLONIAL BEACH
STATE/ZIP : VA 22443
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,599.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.98400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,600.00
P & I AMT: 10,017.34
UPB AMT: 1,401,593.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031229842 MORTGAGORS: SLATER DANIEL
SLATER CINDI
REGION CODE ADDRESS : 36 OXBOW ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,401.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,916.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031229867 MORTGAGORS: AUGUSTSON CAROLYN
REGION CODE ADDRESS : 3619 NORTH 6TH STREET
01 CITY : SHEBOYGAN
STATE/ZIP : WI 53083
MORTGAGE AMOUNT : 330,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,331.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,369.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.51100
----------------------------------------------------------------
0 0031229875 MORTGAGORS: BROWN MORTON
BROWN SHIRLEY
REGION CODE ADDRESS : 2629 63RD STREET, NW
01 CITY : BOCA RATON
STATE/ZIP : FL 33496
MORTGAGE AMOUNT : 423,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,900.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,034.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031229883 MORTGAGORS: HARRISON DANIEL
HARRISON CATHERINE
REGION CODE ADDRESS : 1496 SPINEL PL
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,478.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031229891 MORTGAGORS: FULLERTON ROBERT
FULLERTON ROSALIND
REGION CODE ADDRESS : 1050 WESTBROOKE WAY NE
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 266,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,372.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.38200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,801,050.00
P & I AMT: 12,867.45
UPB AMT: 1,798,484.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031229909 MORTGAGORS: PAGGI GIANCARLO
PADGETT LORRAINE
REGION CODE ADDRESS : 2146 BRIAR LAKE TRACE
01 CITY : ATLANTA
STATE/ZIP : GA 30345
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,615.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031229917 MORTGAGORS: WILSON J
WILSON VALERIE
REGION CODE ADDRESS : 1003 GLENDALE LANE
01 CITY : NASHVILLE
STATE/ZIP : TN 37204
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,286.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031229925 MORTGAGORS: MORENO MICHAEL
MORENO SALLY
REGION CODE ADDRESS : 605 RENAISSANCE AVENUE
01 CITY : FAIRFIELD
STATE/ZIP : CA 94585
MORTGAGE AMOUNT : 293,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,523.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031229941 MORTGAGORS: PARENTON MICHAEL
REGION CODE ADDRESS : 640 TCHOUPITOULAS STREET
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70130
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,182.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031229958 MORTGAGORS: ARMSTRONG DAVID
MCDERMOTT ALICE
REGION CODE ADDRESS : 7103 LOCH LOMOND DRIVE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 417,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,723.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,025.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,000.00
P & I AMT: 11,193.98
UPB AMT: 1,564,331.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031229966 MORTGAGORS: FRANCANI SILVIO
FRANCANI LINDA
REGION CODE ADDRESS : 4055 NORTH RECKER ROAD #48
01 CITY : MESA
STATE/ZIP : AZ 85215
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,173.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.45800
----------------------------------------------------------------
0 0031229974 MORTGAGORS: KEATING ROBERT
KEATING SUSAN
REGION CODE ADDRESS : 1521 35TH STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 692,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 691,044.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,017.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 015
LTV : 80.00000
----------------------------------------------------------------
0 0031230113 MORTGAGORS: KAY PHILIP
REGION CODE ADDRESS : 1818 VERDUGO KNOLLS DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 157,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,591.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,143.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.86400
----------------------------------------------------------------
0 0031230139 MORTGAGORS: RICHARDS ROBERT
RICHARDS IRMA
REGION CODE ADDRESS : 4624 GRAYWOOD AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031230147 MORTGAGORS: CHAVANNES DAVID
CHAVANNES DIANNE
REGION CODE ADDRESS : 1759 BRONZEWOOD COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 300,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,665.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,692,200.00
P & I AMT: 11,983.48
UPB AMT: 1,690,281.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031230154 MORTGAGORS: STROHSON MALCOLM
STROHSON SHANNON
REGION CODE ADDRESS : 59 CLERMONT
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,653.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,028.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031230162 MORTGAGORS: THOMPSON DUFFY
THOMPSON PATRICIA
REGION CODE ADDRESS : 21242 MEANDER LANE
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,829.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.74100
----------------------------------------------------------------
0 0031230170 MORTGAGORS: MILLER TIMOTHY
MILLER HOLLY
REGION CODE ADDRESS : 1366 LA MIRADA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031230204 MORTGAGORS: TERRIER GILBERT
TERRIER BINTA
REGION CODE ADDRESS : 11415 GLENN ROAD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,787.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031230428 MORTGAGORS: CHASE GREGORY
CHASE CORREEN
REGION CODE ADDRESS : 6249 SOUTH CORNING AVENUE
01 CITY : LOS ANGELES AREA
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,649.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.64700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,521,000.00
P & I AMT: 10,503.40
UPB AMT: 1,519,686.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031230451 MORTGAGORS: IKEDA JON
IKEDA MIKA
REGION CODE ADDRESS : 255 EAST SAN ANTONIO DRIVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 250,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,423.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.16300
----------------------------------------------------------------
0 0031230519 MORTGAGORS: HOLMGREN ROGER
HOLMGREN SUSAN
REGION CODE ADDRESS : 1987 LASSEN BLVD
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 268,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0031230527 MORTGAGORS: CHAMBERS REX
CHAMBERS DANA
REGION CODE ADDRESS : 252 SALLY CIRCLE
01 CITY : BRECKENRIDGE
STATE/ZIP : CO 80424
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.75000
----------------------------------------------------------------
0 0031230709 MORTGAGORS: KEYS HOWARD
KEYS KELLEY
REGION CODE ADDRESS : 2161 S. TORREY PINE DR
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031230733 MORTGAGORS: CAREY DAVID
CAREY KATHERINE
REGION CODE ADDRESS : 336 17TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.83098
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,700.00
P & I AMT: 11,027.57
UPB AMT: 1,579,977.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031230774 MORTGAGORS: FERGUSON THOMAS
FERGUSON JUDY
REGION CODE ADDRESS : 1296 SOUTH BUCKSMOORE COURT
01 CITY : WEST LAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,726.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,222.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.78490
----------------------------------------------------------------
0 0031230964 MORTGAGORS: FLOOD JOSEPH
FLOOD KATHERINE
REGION CODE ADDRESS : 2953 SOUTHAVEN ROAD
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.34900
----------------------------------------------------------------
0 0031231053 MORTGAGORS: MURPHY WILLIAM
MURPHY MARY
REGION CODE ADDRESS : 23612 SIDNEY BAY
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031231178 MORTGAGORS: CUNNINGHAM ROBERT
CUNNINGHAM BONNIE
REGION CODE ADDRESS : 13206 KILBY LANDING COURT
01 CITY : CLIFTON
STATE/ZIP : VA 22024
MORTGAGE AMOUNT : 294,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,508.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.99900
----------------------------------------------------------------
0 0031231202 MORTGAGORS: STOCK REX
REGION CODE ADDRESS : 1185 BROOKHOLLOW LANE
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 246,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,525.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.97630
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,659,450.00
P & I AMT: 11,366.90
UPB AMT: 1,658,463.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031231210 MORTGAGORS: SMITH WILLIAM
SMITH PATRICIA
REGION CODE ADDRESS : 832 DRIFTWOOD POINT ROAD
01 CITY : SANTA ROSA BEACH
STATE/ZIP : FL 32459
MORTGAGE AMOUNT : 358,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,233.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.64151
----------------------------------------------------------------
0 0031231319 MORTGAGORS: KIRKPATRICK ERIC
KIRKPATRICK DIANE
REGION CODE ADDRESS : 6036 GOLDEN EAGLE WAY
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,796.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.90900
----------------------------------------------------------------
0 0031231335 MORTGAGORS: HORVATH GREGORY
HORVATH CATHERINE
REGION CODE ADDRESS : 405 AIRSTREAM COURT
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,373.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,581.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031231350 MORTGAGORS: BOERLIN MICHAEL
BOERLIN CONCETTINA
REGION CODE ADDRESS : 26 PASO MEDIANO
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,787.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031231384 MORTGAGORS: SMAHA JOHN
REGION CODE ADDRESS : 1559 OAK CANYON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 54.64400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,250.00
P & I AMT: 9,778.40
UPB AMT: 1,417,974.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031231459 MORTGAGORS: PACKARD THERESA
CREVISTON JOELA
REGION CODE ADDRESS : 32069 LOBO CANYON ROAD
01 CITY : AGOURA AREA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 609,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 608,580.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,415.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031231467 MORTGAGORS: KLUTH DAVID
KLUTH KIMBERLY
REGION CODE ADDRESS : 428 31ST STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,718.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.12300
----------------------------------------------------------------
0 0031231491 MORTGAGORS: KOMSTHOEFT BRADLEY
KOMSTHOEFT CATHERINE
REGION CODE ADDRESS : 703 ACORN DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 325,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,146.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,219.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031231509 MORTGAGORS: POSTAJIAN ARTINE
POSTAJIAN JANA
REGION CODE ADDRESS : 1129 GLENCOE HEIGHTS DRIVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,758.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.82300
----------------------------------------------------------------
0 0031231517 MORTGAGORS: ZIEL FREDERICK
EVANS-ZIEL TOMI
REGION CODE ADDRESS : 1032 GARFIELD AVENUE
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 474,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,056.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,357.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,105,800.00
P & I AMT: 14,839.61
UPB AMT: 2,104,260.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031231566 MORTGAGORS: CONDON RICHARD
CONDON JAMES
REGION CODE ADDRESS : 1670 UPPER CATTLE CREEK RD
01 CITY : CARBONDALE
STATE/ZIP : CO 81623
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,829.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.15300
----------------------------------------------------------------
0 0031231582 MORTGAGORS: WISE WILLIAM
WISE CRISTEN
REGION CODE ADDRESS : 1913 TIMARRON WAY
01 CITY : NAPLES
STATE/ZIP : FL 34109
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,818.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031231624 MORTGAGORS: STEVENS PAUL
STEVENS BARBARA
REGION CODE ADDRESS : 136 TRACY LANE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 536,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,861.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,795.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031231640 MORTGAGORS: MANSFIELD JEFF
MANSFIELD CAROLYN
REGION CODE ADDRESS : 139 LANCASTER ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 392,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,823.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,809.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.42000
----------------------------------------------------------------
0 0031231673 MORTGAGORS: RE STEVEN
RE DENISE
REGION CODE ADDRESS : 1408 ARDMORE PLACE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,808.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,698,350.00
P & I AMT: 12,121.00
UPB AMT: 1,697,141.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031231699 MORTGAGORS: HEIM PAMELA
REGION CODE ADDRESS : 9127 LAKE BRADDOCK DRIVE
01 CITY : BURKE
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 229,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,949.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.52700
----------------------------------------------------------------
0 0031231715 MORTGAGORS: MICELI TODD
MICELI MARIANNE
REGION CODE ADDRESS : 41 HIGHLAND ROAD
01 CITY : GLEN ROCK
STATE/ZIP : NJ 07452
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031231731 MORTGAGORS: RIVERA GERALD
RIVERA MARY
REGION CODE ADDRESS : 5476 BRADDOCK RIDGE
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 147,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,685.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,046.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031231830 MORTGAGORS: CORN-REVERE ROBERT
FRY-REVERE SIGRID
REGION CODE ADDRESS : 40357 FEATHERBED LANE
01 CITY : LOVETTSVILLE
STATE/ZIP : VA 20180
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,773.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.70200
----------------------------------------------------------------
0 0031231848 MORTGAGORS: GOODRICH HART
GOODRICH AMY
REGION CODE ADDRESS : 3621 OVERLOOK LANE
01 CITY : HOUSTON
STATE/ZIP : TX 77027
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,311.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.10526
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,230,700.00
P & I AMT: 8,554.91
UPB AMT: 1,229,491.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031231871 MORTGAGORS: ELLIS ROY
ELLIS JEAN
REGION CODE ADDRESS : 104 E. VIEJO DRIVE
01 CITY : FRIENDSWOOD
STATE/ZIP : TX 77546
MORTGAGE AMOUNT : 327,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,957.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,287.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031231889 MORTGAGORS: FURMAN JAMES
FURMAN CYNTHIA
REGION CODE ADDRESS : 12300 TILNEY COURT
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22192
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,771.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031231905 MORTGAGORS: JANSEN JOHN
JANSEN SUSAN
REGION CODE ADDRESS : 6105 WEST OLIVE BRANCH ROAD
01 CITY : GREENWOOD
STATE/ZIP : IN 46143
MORTGAGE AMOUNT : 359,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,983.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,511.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031231921 MORTGAGORS: GILLIAM MIMI
GILLIAM KEITH
REGION CODE ADDRESS : 6388 SCENIC AVENUE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 237,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,623.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.97374
----------------------------------------------------------------
0 0031231947 MORTGAGORS: LAMM RICHARD
LAMM CYNTHIA
REGION CODE ADDRESS : 2165 CHAMPLAIN WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 319,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,712.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,584,200.00
P & I AMT: 11,194.44
UPB AMT: 1,583,048.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031231970 MORTGAGORS: SHORE JEFFREY
SHORE KAREN
REGION CODE ADDRESS : 100 ARAPAHO CIRCLE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 340,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,447.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97600
----------------------------------------------------------------
0 0031231996 MORTGAGORS: MACDOUGALL JAMES
MACDOUGALL MARSHA
REGION CODE ADDRESS : 2 JORDAN AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,709.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.75000
----------------------------------------------------------------
0 0031232002 MORTGAGORS: PALFREYMAN ANDREW
REGION CODE ADDRESS : 5294 SOUTHBRIDGE PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,680.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99710
----------------------------------------------------------------
0 0031232010 MORTGAGORS: ZUNIGA ANITA
REGION CODE ADDRESS : 1920 MORELLO AVENUE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.06200
----------------------------------------------------------------
0 0031232028 MORTGAGORS: D'ANTONI HECTOR
D'ANTONI SUSANA
REGION CODE ADDRESS : 2750 HAY LOFT WAY
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,789.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 86.01820
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,600.00
P & I AMT: 10,250.13
UPB AMT: 1,454,444.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031232036 MORTGAGORS: BABCOCK CHARLES
BABCOCK KATHLEEN
REGION CODE ADDRESS : 231 CRESTMONT DRIVE
01 CITY : SAN FRANSISCO
STATE/ZIP : CA 94131
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 : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.81550
----------------------------------------------------------------
0 0031232192 MORTGAGORS: WEGNER SCOT
TA DUC
REGION CODE ADDRESS : 10906 WRIGHTWOOD LANE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031232374 MORTGAGORS: ROSENJACK GEORGE
REGION CODE ADDRESS : 11 VIENNA STREET
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,832.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031232424 MORTGAGORS: ACQUISTO CHARLES
ACQUISTO JEAN
REGION CODE ADDRESS : 7630 ARBOR CREEK CIRCLE
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 140,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 140,745.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 984.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.96400
----------------------------------------------------------------
0 0031232663 MORTGAGORS: AARONSON STEVEN
AARONSON ELLEN
REGION CODE ADDRESS : 4138 BON HOMME ROAD
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.33700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,400,850.00
P & I AMT: 9,735.96
UPB AMT: 1,400,097.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031232770 MORTGAGORS: ASHER JEFFERSON
ASHER LYNDA
REGION CODE ADDRESS : 4435 PARK ALISAL
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031232788 MORTGAGORS: TETZLOFF DONALD
TETZLOFF CYNTHIA
REGION CODE ADDRESS : 22 PACER PLACE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,729.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031232945 MORTGAGORS: SCHOPPERT BRETT
SCHOPPERT PAMELA
REGION CODE ADDRESS : 704 BRIGADIER COURT
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,435.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.96900
----------------------------------------------------------------
0 0031232952 MORTGAGORS: DEVLIN JAMES
DEVLIN MARJORIE
REGION CODE ADDRESS : 58 BITTERSWEET DRIVE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,812.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031232986 MORTGAGORS: HOLGATE LISLE
HOLGATE TERRY
REGION CODE ADDRESS : 5 TIMARI DRIVE
01 CITY : SHREWSBURY
STATE/ZIP : MA 01545
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,657.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,513,800.00
P & I AMT: 10,658.79
UPB AMT: 1,512,634.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031232994 MORTGAGORS: IRVIN MICHAEL
IRVIN DIANA
REGION CODE ADDRESS : 119 EL CAMINO DEL MAR
01 CITY : APTOS
STATE/ZIP : CA 95003
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.07000
----------------------------------------------------------------
0 0031233018 MORTGAGORS: CAMPBELL EDGAR
MCLENNAN-CAMPBELL DONNA
REGION CODE ADDRESS : 2105 N KENTUCKY STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22205
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 : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.53600
----------------------------------------------------------------
0 0031233034 MORTGAGORS: CROUTER MARK
BYNUM-CROUTER CONSTANCE
REGION CODE ADDRESS : 3804 MONTROSE DRIVEWAY
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,580.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.43600
----------------------------------------------------------------
0 0031233042 MORTGAGORS: ADAMS ARTHUR
TORRES-ADAMS CLARE
REGION CODE ADDRESS : 33 SPRUCEWOOD
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 321,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,422.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,304.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031233059 MORTGAGORS: ROGUS DAVID
ROGUS LINDA
REGION CODE ADDRESS : 2704 COURTHOUSE OAKS ROAD
01 CITY : VIENNA
STATE/ZIP : VA 22181
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.80000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,403,650.00
P & I AMT: 9,939.95
UPB AMT: 1,402,249.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031233067 MORTGAGORS: KING JAMES
KING SHIRLEY
REGION CODE ADDRESS : 2440 HAVERSHAM ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,660.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031233083 MORTGAGORS: WILLSEY JOHN
WILLSEY SHELBY
REGION CODE ADDRESS : 1106 N PITT STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,009.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031233109 MORTGAGORS: HETTENHOUSER RONALD
HETENHOUSER VICKIE
REGION CODE ADDRESS : 533 CLEAR SPRING ROAD
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 230,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,732.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 46.18000
----------------------------------------------------------------
0 0031233117 MORTGAGORS: AURANDT HELEN
AURDNT HENRY
REGION CODE ADDRESS : 327 FORT HOWELL DRIVE
01 CITY : HILTON HEAD
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,815.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.21600
----------------------------------------------------------------
0 0031233125 MORTGAGORS: LEWIS DOMENICK
LEWIS TRACY
REGION CODE ADDRESS : 2715 N SPRINGFIELD STREET
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,762.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,650.00
P & I AMT: 10,119.00
UPB AMT: 1,427,980.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031233141 MORTGAGORS: FINAN TERENCE
FINAN HEATHER
REGION CODE ADDRESS : 3 DRUM HILL DRIVE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 266,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,863.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031233166 MORTGAGORS: TROVATO VINCENT
TROVATO PATSY
REGION CODE ADDRESS : 9056 BLACK DOG ALLEY
01 CITY : EASTON
STATE/ZIP : MD 21601
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,419.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.76600
----------------------------------------------------------------
0 0031233174 MORTGAGORS: MORISHIGE WENDE
REGION CODE ADDRESS : 4699 MONTEFINO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,731.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031233182 MORTGAGORS: WAITE ROBERT
WAITE SUSAN
REGION CODE ADDRESS : 8780 SANDS AVENUE NE
01 CITY : BAINBRIDGE ISLAND
STATE/ZIP : WA 98110
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,136.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031233240 MORTGAGORS: LAMELL CARL
LAMELL MAIDA
REGION CODE ADDRESS : 830 MILBURN
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,785.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.66900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,599,750.00
P & I AMT: 11,377.81
UPB AMT: 1,597,936.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031233323 MORTGAGORS: HACKETT RICHARD
HACKETT STEPHANIE
REGION CODE ADDRESS : 2833 GOBAT AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,576.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031233349 MORTGAGORS: BOSCH STEVEN
SCHELL CYNTHIA
REGION CODE ADDRESS : 15350 EDGEHILL DRIVE
01 CITY : DUMFRIES
STATE/ZIP : VA 22026
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,549.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031233380 MORTGAGORS: WIGNOT JACKSON
SHARITS DEBRA
REGION CODE ADDRESS : 601 SOUTH GERTRUDA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 636,990.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,294.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031233414 MORTGAGORS: HAMMOND JOHN
REGION CODE ADDRESS : 374 SOUTH SILVERBROOK DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.88100
----------------------------------------------------------------
0 0031233448 MORTGAGORS: EWING ROBERT
KELEPOURIS KIM
REGION CODE ADDRESS : 10105 E. DOUBLE TREE RANCH RD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,500.00
P & I AMT: 12,079.28
UPB AMT: 1,730,430.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031233646 MORTGAGORS: BENDER BARRY
BENDER DONNA
REGION CODE ADDRESS : 604 CYPRESS MEADOWS LANE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89134
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,338.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.57400
----------------------------------------------------------------
0 0031233687 MORTGAGORS: REICH S.
REICH TRINITY
REGION CODE ADDRESS : 143 WENTWORTH DRIVE
01 CITY : HENDERSON
STATE/ZIP : NV 89014
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.27600
----------------------------------------------------------------
0 0031234008 MORTGAGORS: SNOGRASS BAMBI
PRAH CHRISTOPHER
REGION CODE ADDRESS : 15 PHEASANT LANE
01 CITY : TOPSFIELD
STATE/ZIP : MA 01982
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.97200
----------------------------------------------------------------
0 0031234156 MORTGAGORS: O'HARA LINDA
REGION CODE ADDRESS : 2 THORNTON DRIVE
01 CITY : NORTH HALEDON
STATE/ZIP : NJ 07508
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,048.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.76700
----------------------------------------------------------------
0 0031234206 MORTGAGORS: EINCK TODD
REGION CODE ADDRESS : 416 AIRSTREAM COURT
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 234,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,267.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99167
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,127,950.00
P & I AMT: 7,953.69
UPB AMT: 1,127,237.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 317
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031234214 MORTGAGORS: RENEHAN LUCY
RENEHAN DWAYNE
REGION CODE ADDRESS : 1712 CATTAIL WOODS LANE
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 238,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,435.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031234230 MORTGAGORS: SCHUMACHER DIANE
REGION CODE ADDRESS : 4239 SPOONBILL LANE
01 CITY : GALVESTON
STATE/ZIP : TX 77554
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 : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031234255 MORTGAGORS: ESCHBACHER ROGER
ESCHBACHER MARGARET
REGION CODE ADDRESS : 23210 WEST SORRELL COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91254
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,098.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031234263 MORTGAGORS: PERRY RODNEY
PERRY DENISE
REGION CODE ADDRESS : 168 MEADOWVIEW DRIVE
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,826.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,636.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031234552 MORTGAGORS: HAMILTON JAMES
HAMILTON KIMBERLY
REGION CODE ADDRESS : LOT 18 WOODLAND FARMS
01 CITY : TROUTVILLE
STATE/ZIP : VA 24175
MORTGAGE AMOUNT : 250,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,374.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99640
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,252,650.00
P & I AMT: 8,823.04
UPB AMT: 1,251,347.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 318
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031235260 MORTGAGORS: DE GRAZZIO JOHN
DE GRAZZIO PATRICIA
REGION CODE ADDRESS : 536 ANDOVER DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031235526 MORTGAGORS: HOWARD KENNETH
HOWARD BARBARA
REGION CODE ADDRESS : 4822 VAN NOORD AVENUE #9
01 CITY : LOS ANGELES
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 138,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 138,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 944.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031235583 MORTGAGORS: BONAZZA CLAUDIO
BONAZZA DINA
REGION CODE ADDRESS : 27972 CABO ROSA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,753.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,500.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 44.74300
----------------------------------------------------------------
0 0031235591 MORTGAGORS: GOODE BRADLEY
GOODE BETH
REGION CODE ADDRESS : 16366 MANDALAY DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,723.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031235617 MORTGAGORS: TUBEROSI VICTOR
TUBEROSI ELLEN
REGION CODE ADDRESS : 4284 ADMIRABLE DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,341.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.29032
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,200.00
P & I AMT: 9,987.90
UPB AMT: 1,436,019.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 319
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031235641 MORTGAGORS: ENTOUS BARRY
ENTOUS VIVIAN
REGION CODE ADDRESS : 411 11TH STREET
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,746.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.40300
----------------------------------------------------------------
0 0031235666 MORTGAGORS: CALLAHAN MICHAEL
ROSSIS STEPHANIE
REGION CODE ADDRESS : 17458 FRONDOSO DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,360.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.31300
----------------------------------------------------------------
0 0031235708 MORTGAGORS: GALER SCOTT
GALER STACY
REGION CODE ADDRESS : 32494 TIMBERRIDGE COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 399,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,911.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,825.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031235716 MORTGAGORS: BENITEZ VINCENT
BENITEZ YOLANDA
REGION CODE ADDRESS : 1738 WEST 10TH STREET
01 CITY : SAN PEDRO AREA
STATE/ZIP : CA 90732
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.83100
----------------------------------------------------------------
0 0031235724 MORTGAGORS: HAMILTON H
HAMILTON LINDA
REGION CODE ADDRESS : 2642 LADYBIRD DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.61900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,700.00
P & I AMT: 10,459.30
UPB AMT: 1,494,151.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 320
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031235740 MORTGAGORS: ABBASSI PARVIN
REGION CODE ADDRESS : 24302 ANDREA STREET
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92656
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.54100
----------------------------------------------------------------
0 0031235757 MORTGAGORS: CAMPBELL BRUCE
CAMPBELL SIMONE
REGION CODE ADDRESS : 3596 LOUIS ROAD
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,628.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.74000
----------------------------------------------------------------
0 0031235773 MORTGAGORS: LIU XIN
GAO YAN
REGION CODE ADDRESS : 12891 CAMINITO DIEGO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 234,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,071.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031235781 MORTGAGORS: KAZAN KYLE
KAZAN DIANE
REGION CODE ADDRESS : 27416 SUNNYRIDGE ROAD
01 CITY : PALOS VERDES PENINSULA
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 402,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,093.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031235823 MORTGAGORS: ROESSLE RONALD
ROESSLE JOYCE
REGION CODE ADDRESS : 7808 PEACHTREE AVENUE
01 CITY : PANORAMA CIRTY
STATE/ZIP : CA 91402
MORTGAGE AMOUNT : 141,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 141,386.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 953.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.75700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,150.00
P & I AMT: 10,673.44
UPB AMT: 1,532,001.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 321
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031235831 MORTGAGORS: CIRALLI PAUL
CIRALLI SARAH
REGION CODE ADDRESS : 1800 GLENWOOD LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,412.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,659.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031235922 MORTGAGORS: HEBERT CORRIE
HEBERT MICHAEL
REGION CODE ADDRESS : LOT 31/299 DENNISON RIDGE DRIVE
01 CITY : MANCHESTER
STATE/ZIP : CT 06040
MORTGAGE AMOUNT : 228,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031235997 MORTGAGORS: NAHLIK JOSEF
NAHLIK CAMELIA
REGION CODE ADDRESS : 1018 HERMAN AVENUE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 92.42774
----------------------------------------------------------------
0 0031236128 MORTGAGORS: PITTMAN LISA
PITTMAN STEPHEN
REGION CODE ADDRESS : 22582 LA VINA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,014.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031236144 MORTGAGORS: KLASKIN JASON
KLASKIN TOBI
REGION CODE ADDRESS : 2031 SERENDIPITY WAY
01 CITY : SCHWENKSVILLE
STATE/ZIP : PA 19473
MORTGAGE AMOUNT : 154,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 154,032.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,064.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,274,650.00
P & I AMT: 8,872.88
UPB AMT: 1,273,578.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 322
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031236227 MORTGAGORS: FAJARDO DANIO
MEMBREBE ESTELA
REGION CODE ADDRESS : 19657 SEQUOIA AVENUE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031236292 MORTGAGORS: WINDING FRANKLIN
WINDING SUSAN
REGION CODE ADDRESS : 1086 HARVEST CIRCLE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031236318 MORTGAGORS: OBERLE RICHARD
OBERLE JUTTA
REGION CODE ADDRESS : 544 FOREST TRAIL
01 CITY : WINTER PARK
STATE/ZIP : CO 80482
MORTGAGE AMOUNT : 479,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,653.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,390.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.52800
----------------------------------------------------------------
0 0031236334 MORTGAGORS: DUNCANSON SANDRA
DUNCANSON RONALD
REGION CODE ADDRESS : 348 BARBARA WAY
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,671.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,331.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 38.75000
----------------------------------------------------------------
0 0031236342 MORTGAGORS: ISBISTER MICHAEL
ISBISTER HOLLY
REGION CODE ADDRESS : 2 FEDERAL EAGLE ROAD
01 CITY : DUXBURY
STATE/ZIP : MA 02332
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,766,000.00
P & I AMT: 12,582.92
UPB AMT: 1,764,739.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 323
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031236375 MORTGAGORS: METZLER DORIS
REGION CODE ADDRESS : 2701 C HERRADURA
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 162,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 162,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,146.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031236557 MORTGAGORS: DUCLOS BERNARD
CUTULI GINA
REGION CODE ADDRESS : 3206 CORINTH AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031236995 MORTGAGORS: SHORTER IRA
AMBROSINO JENNIFER
REGION CODE ADDRESS : 15 DOGWOOD WAY
01 CITY : BERNARDS TOWNSHIP
STATE/ZIP : NJ 07920
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0031237001 MORTGAGORS: KANWIT STEPHANIE
REGION CODE ADDRESS : 332 N. COLUMBUS STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
0 0031237209 MORTGAGORS: KLUNDER BRAIN
KLUNDER LORI
REGION CODE ADDRESS : 619 SOUTH ROSALIND DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 148,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 148,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,034.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,246,000.00
P & I AMT: 8,796.59
UPB AMT: 1,245,816.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 324
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031237456 MORTGAGORS: WEINBERG STEVEN
REGION CODE ADDRESS : 21327 VELICATA STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 187,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 187,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,307.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.57400
----------------------------------------------------------------
0 0031237670 MORTGAGORS: EVANS RONALD
REGION CODE ADDRESS : 6600 EAST HUMMINGBIRD LANE
01 CITY : PARDISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 239,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,600.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 74.68700
----------------------------------------------------------------
0 0031238231 MORTGAGORS: SIMORANGKIR AMOS
SIMORANGKIR ANNEKE
REGION CODE ADDRESS : 1818 GLOVER STREET
01 CITY : REDLANDS
STATE/ZIP : CA 92374
MORTGAGE AMOUNT : 127,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 126,898.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 855.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.04700
----------------------------------------------------------------
0 0031238249 MORTGAGORS: KRIETE RHODES
KRIETE JENNIFER
REGION CODE ADDRESS : 1965 CANTERBURY DRIVE
01 CITY : INDIALANTIC
STATE/ZIP : FL 32903
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,293.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.82000
----------------------------------------------------------------
0 0031238363 MORTGAGORS: GEMIGNANI JOSEPH
GEMIGNANI APRIL
REGION CODE ADDRESS : 1240 NORTH CASCADE COURT
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,398.13 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: 1,329,750.00
P & I AMT: 9,442.76
UPB AMT: 1,328,793.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 325
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031238447 MORTGAGORS: WALKER SCOTT
WALKER SUSAN
REGION CODE ADDRESS : 2459 PEEBLE CREEK DRIVE
01 CITY : OAKLAND TOWNSHIP
STATE/ZIP : MI 48363
MORTGAGE AMOUNT : 328,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,711.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,294.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.25400
----------------------------------------------------------------
0 0031238520 MORTGAGORS: RUBIN ALEXANDER
RUBIN CHRISTINE
REGION CODE ADDRESS : 30205 COUNRTY GREEN LANE
01 CITY : STEAMBOAT SPRING
STATE/ZIP : CO 80477
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.11600
----------------------------------------------------------------
0 0031238546 MORTGAGORS: MARTZ JOSEPH
MARTZ VIRGINIA
REGION CODE ADDRESS : 920 CANYON ROAD
01 CITY : LOS ALAMOS
STATE/ZIP : NM 87544
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,753.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031238561 MORTGAGORS: TAYLOR JEFFREY
TAYLOR ANNE
REGION CODE ADDRESS : 35210 EL NIGUEL ROAD
01 CITY : LAKE ELSINORE
STATE/ZIP : CA 92530
MORTGAGE AMOUNT : 293,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,893.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.27500
----------------------------------------------------------------
0 0031238603 MORTGAGORS: LAWRENCE GARY
LAWRENCE SHERI
REGION CODE ADDRESS : 4943 SAN FELICIANO DRIVE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,776.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,300.00
P & I AMT: 10,889.99
UPB AMT: 1,547,916.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 326
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031238629 MORTGAGORS: MICHAELS JEFFREY
MICHAELS CYNTHIA
REGION CODE ADDRESS : 2897 IRONGATE PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031238637 MORTGAGORS: TRASMANAS CHRISTIAN
TRASMANAS MARIA
REGION CODE ADDRESS : 8542 FOREST RUN LANE
01 CITY : ORLANDO
STATE/ZIP : FL 32836
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,924.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031238660 MORTGAGORS: SPITZE KEVIN
SPITZE PAMELA
REGION CODE ADDRESS : 887 MOUNT WASHINGTON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90065
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,738.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.34600
----------------------------------------------------------------
0 0031238710 MORTGAGORS: FISHBURN ROBERT
ROUDINE LYNETTE
REGION CODE ADDRESS : 18746 STRATTON LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,292.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031238793 MORTGAGORS: DELZELL CHARLES
DELZELL BRIGITTE
REGION CODE ADDRESS : 242 UNIVERSITY HIGHLANDS
01 CITY : BATON ROUGE
STATE/ZIP : LA 70808
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,824.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.32800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,393,300.00
P & I AMT: 9,910.18
UPB AMT: 1,391,581.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 327
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031238819 MORTGAGORS: MACIAG JOHN
MACIAG PATRICIA
REGION CODE ADDRESS : 33 BARRINGTON ROAD
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,753.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 53.45700
----------------------------------------------------------------
0 0031238835 MORTGAGORS: BALLARD ROBERT
BALLARD MELISSA
REGION CODE ADDRESS : 3 FIRESTONE DRIVE
01 CITY : ARDEN
STATE/ZIP : NC 28704
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,618.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.61900
----------------------------------------------------------------
0 0031238884 MORTGAGORS: GARCELON ERIC
GARCELON SUSAN
REGION CODE ADDRESS : 2441 RIVERSIDE DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92706
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031238975 MORTGAGORS: CHALLITA PASCAL
CHALLITA NORMA
REGION CODE ADDRESS : 4229 COLBATH AVENUE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,410.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031239098 MORTGAGORS: KELLY MICHAEL
KELLY GAIL
REGION CODE ADDRESS : 428 ISLAND CAY WAY
01 CITY : APPOLO BEACH
STATE/ZIP : FL 33572
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,325,600.00
P & I AMT: 9,169.19
UPB AMT: 1,324,097.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 328
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031239163 MORTGAGORS: PENNINGTON CARLA
REGION CODE ADDRESS : 123 S. ALMONT DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 378,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,076.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,677.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031239189 MORTGAGORS: HERNANDEZ CHERYL
REGION CODE ADDRESS : 624 MORGAN COMMON
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,920.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 841.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031240054 MORTGAGORS: HOLDER RAYMOND
HOLDER CAROLYN
REGION CODE ADDRESS : 77 EAST E STREET
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 301,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,820.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.90000
----------------------------------------------------------------
0 0031240492 MORTGAGORS: GELINI THOMAS
GELINI KELLEY
REGION CODE ADDRESS : 67 DURAN DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031240526 MORTGAGORS: CREBASSA STANLEY
CREBASSA ANDREA
REGION CODE ADDRESS : 208 STOWRING RD
01 CITY : PETALUMA
STATE/ZIP : CA 94952
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,400.00
P & I AMT: 9,604.22
UPB AMT: 1,374,375.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 329
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031241441 MORTGAGORS: ORTIZ DARLENE
ORTIZ MATTHEW
REGION CODE ADDRESS : 9 BECKS BLVD
01 CITY : RINGOES
STATE/ZIP : NJ 08551
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,947.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.57100
----------------------------------------------------------------
0 0031241466 MORTGAGORS: THEODORE GERALDINE
REGION CODE ADDRESS : 150 COLONIAL ROAD
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.23800
----------------------------------------------------------------
0 0031241516 MORTGAGORS: NIDES JAMES
NIDES PAMELA
REGION CODE ADDRESS : 519 PRIMROSE PATH
01 CITY : BRECKENRIDGE
STATE/ZIP : CO 80424
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031241854 MORTGAGORS: CURT DONALD
CURT LEONORA
REGION CODE ADDRESS : 13915 BELLETERRE DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30201
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,228.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,745.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031241870 MORTGAGORS: BAUDIN BRETT
BAUDIN PATRICIA
REGION CODE ADDRESS : 3494 WEST HAMPTON WAY
01 CITY : GAINESVILLE
STATE/ZIP : GA 30506
MORTGAGE AMOUNT : 272,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,844.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,750.00
P & I AMT: 9,235.93
UPB AMT: 1,309,973.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 330
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031241961 MORTGAGORS: ROISMAN JOSEPH
ROISMAN AIDA
REGION CODE ADDRESS : 10041 SW 144 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33176
MORTGAGE AMOUNT : 257,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,866.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031241979 MORTGAGORS: DAVIES HENRY
REGION CODE ADDRESS : 7701 MARBLEHEAD LANE
01 CITY : PARKLAND
STATE/ZIP : FL 33067
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,664.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,829.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031242084 MORTGAGORS: GARDNER HARRY
GARDNER KATHLEEN
REGION CODE ADDRESS : 5595 DUNDON COURT
01 CITY : DUBLIN
STATE/ZIP : OH 43017
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,585.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 29.03200
----------------------------------------------------------------
0 0031242159 MORTGAGORS: COOPER C.
COOPER BONNIE
REGION CODE ADDRESS : 6191 DOVE FIELD COURT
01 CITY : NORCROSS
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,633.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.28900
----------------------------------------------------------------
0 0031242456 MORTGAGORS: HENDRICH WILLIAM
HENDRICH HELEN
REGION CODE ADDRESS : 869 CRESTON DRIVE
01 CITY : MAITLAND
STATE/ZIP : FL 32751
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,660.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.53400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,250.00
P & I AMT: 9,815.95
UPB AMT: 1,417,410.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 331
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031242498 MORTGAGORS: MCBEAN KENNETH
MCBEAN NAN
REGION CODE ADDRESS : 8704 ALDERSGATE WAY
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,630.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031242563 MORTGAGORS: MARTIN HANK
MARTIN NANCY
REGION CODE ADDRESS : 8 DEVON ROAD
01 CITY : BOONTON
STATE/ZIP : NJ 07005
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,001.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.57600
----------------------------------------------------------------
0 0031243793 MORTGAGORS: STILLMAN DONALD
STILLMAN NATALIE
REGION CODE ADDRESS : 330 SKYLINE DRIVE
01 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.25600
----------------------------------------------------------------
0 0031244601 MORTGAGORS: O'DONNELL MICHAEL
O'DONNELL SHELLY
REGION CODE ADDRESS : 21115 SPRING OAK
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.10800
----------------------------------------------------------------
0 0031244759 MORTGAGORS: ZELMAN MICHELLE
REGION CODE ADDRESS : 4047 ELLENITA AVENUE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 308,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,282.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.92000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,500.00
P & I AMT: 10,991.42
UPB AMT: 1,576,675.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 332
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031244809 MORTGAGORS: JOSEPH THANKAMMA
REGION CODE ADDRESS : 4454 BERRYMAN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,755.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.43400
----------------------------------------------------------------
0 0031245095 MORTGAGORS: MC GARR KEVIN
MC GARR LORRAINE
REGION CODE ADDRESS : 111 WALNUT HILL ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,725.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.27272
----------------------------------------------------------------
0 0031245129 MORTGAGORS: MACREADY DENNIS
MACREADY BARBARA
REGION CODE ADDRESS : 7465 ORANGE HAZE WAY
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,581.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031245657 MORTGAGORS: LITTLE PAUL
REGION CODE ADDRESS : 3346 PINESTREAM ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031245723 MORTGAGORS: DOUGLAS MICHAEL
REGION CODE ADDRESS : 17815 ST LUCIA ISLE DRIVE
01 CITY : TAMPA
STATE/ZIP : FL 33647
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,651,250.00
P & I AMT: 11,642.85
UPB AMT: 1,650,279.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 333
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031245756 MORTGAGORS: FREDRICK MATTHEW
FREDRICK ERIN
REGION CODE ADDRESS : 8341 FLIGHT AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.62700
----------------------------------------------------------------
0 0031246044 MORTGAGORS: MCKENNEY DOUGLAS
REGION CODE ADDRESS : 44836 TROUT COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,738.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,203.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.97300
----------------------------------------------------------------
0 0031246259 MORTGAGORS: SWEENEY JAMES
SWEENEY JANET
REGION CODE ADDRESS : 15 HOPLAND COURT
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031246317 MORTGAGORS: REITZES ILAN
REITZES EVELYN
REGION CODE ADDRESS : 8451 EAST HIDDEN LAKES DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,792.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031246515 MORTGAGORS: LI FU CHANG
WANG JING HUA
REGION CODE ADDRESS : 4273 MACKIN WOODS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,742.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.53500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,424,000.00
P & I AMT: 9,754.05
UPB AMT: 1,422,896.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 334
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031246549 MORTGAGORS: DODDS KEITH
DODDS EDITH
REGION CODE ADDRESS : 8275 SKYLINE CIRCLE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 349,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,740.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,440.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0031246556 MORTGAGORS: BUI KHOA
BUI THINH
REGION CODE ADDRESS : 4580 HAWK WAY
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,994.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031246564 MORTGAGORS: HARRISON ROBERT
CRUZ NORMA
REGION CODE ADDRESS : 281 CRESTVIEW AVENUE
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 241,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,975.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98470
----------------------------------------------------------------
0 0031246572 MORTGAGORS: YAO JOHN
YAO SHARON
REGION CODE ADDRESS : 8796 SUNBIRD AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,243.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,240.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031246630 MORTGAGORS: KORN THOMAS
KORN KATHLEEN
REGION CODE ADDRESS : 105 SAN JUAN DRIVE
01 CITY : SALINAS
STATE/ZIP : CA 93901
MORTGAGE AMOUNT : 182,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 182,261.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,259.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,250.00
P & I AMT: 9,586.08
UPB AMT: 1,377,215.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 335
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031246853 MORTGAGORS: LOUDON JACOB
LOUDON AMY
REGION CODE ADDRESS : 105 ROSS ROAD
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 156,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 155,884.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,090.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031246978 MORTGAGORS: ANDERSON DARIN
ANDERSON SHANNON
REGION CODE ADDRESS : 533-35 GENTER STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,762.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.26000
----------------------------------------------------------------
0 0031246986 MORTGAGORS: SWETT ERIC
SWETT CHRISTINE
REGION CODE ADDRESS : 1739 TACOMA AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.40909
----------------------------------------------------------------
0 0031247018 MORTGAGORS: HOOKANO JAMES
HOOKANO DAWN
REGION CODE ADDRESS : 2044 MANDARIN DRIVE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,609.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.63600
----------------------------------------------------------------
0 0031247034 MORTGAGORS: SCRIVENS MARK
SCRIVENS JULIE
REGION CODE ADDRESS : 2022 JAYBROOK DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,267,800.00
P & I AMT: 8,968.82
UPB AMT: 1,266,881.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 336
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031247059 MORTGAGORS: FISHER LISA
REGION CODE ADDRESS : 26863 WESTVALE ROAD
01 CITY : PALOS VERDES AREA
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 447,667.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,132.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031247067 MORTGAGORS: FREEMAN LARRY
FREEMAN STACEY
REGION CODE ADDRESS : 3 SHADOW GLEN
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 413,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,864.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,962.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99667
----------------------------------------------------------------
0 0031247075 MORTGAGORS: WYLIE STEVEN
WYLIE KAREN
REGION CODE ADDRESS : 32881 SENTINEL DRIVE
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,777.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.90300
----------------------------------------------------------------
0 0031247455 MORTGAGORS: SLEVINSKI RICHARD
SLEVINSKI RENE
REGION CODE ADDRESS : 5024 ROLAND ROAD
01 CITY : PACE
STATE/ZIP : FL 32571
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,656.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,554.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.69200
----------------------------------------------------------------
0 0031247554 MORTGAGORS: MANNING RICHARD
MANNING SUSAN
REGION CODE ADDRESS : 1740 TYLER GREEN TRAIL
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 286,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,388.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.41500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,687,950.00
P & I AMT: 11,859.66
UPB AMT: 1,685,354.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 337
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031247604 MORTGAGORS: BLOOM BERNARD
LECH-BLOOM SANDRA
REGION CODE ADDRESS : 3312 OAKHILL STREET
01 CITY : HOLLYWOOD
STATE/ZIP : FL 33312
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,501.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.72600
----------------------------------------------------------------
0 0031247646 MORTGAGORS: MEYER AILA
HARRIS JOSEPH
REGION CODE ADDRESS : 12030 SW 68TH CT.
01 CITY : PINECREST
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 289,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,750.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.92200
----------------------------------------------------------------
0 0031247661 MORTGAGORS: DRESSER GARY
DRESSER AMY
REGION CODE ADDRESS : 1572 FRIAR TUCK ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 438,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,742.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,030.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031247679 MORTGAGORS: GOODLESS DEAN
GOODLESS SUSANNA
REGION CODE ADDRESS : 609 CANNE PLACE
01 CITY : CELEBRATION
STATE/ZIP : FL 34747
MORTGAGE AMOUNT : 343,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,325.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,492.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0031247703 MORTGAGORS: MASON MICHAEL
LEWIS BARBARA
REGION CODE ADDRESS : 1014 DAWN VIEW LANE
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,433.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,760.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.93700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,797,500.00
P & I AMT: 12,728.24
UPB AMT: 1,794,752.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 338
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031247844 MORTGAGORS: KINGMA JOHANNES
KINGMA ANTJE
REGION CODE ADDRESS : 998 SPRINGDALE ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 409,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,635.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,794.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.47200
----------------------------------------------------------------
0 0031247869 MORTGAGORS: SAEE MAJID
ZAFARANLOU AZIN
REGION CODE ADDRESS : 7608 ASHTON COURT
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031247885 MORTGAGORS: HUFNAGEL MERILEE
HUFNAGEL BURKHARDT
REGION CODE ADDRESS : 9990 HIGH FALLS POINTE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,776.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.16400
----------------------------------------------------------------
0 0031247919 MORTGAGORS: KARAMPELAS DEAN
KARAMPELAS PATRICIA
REGION CODE ADDRESS : 5649 BROOKSTONE DRIVE
01 CITY : ACWORTH
STATE/ZIP : GA 30101
MORTGAGE AMOUNT : 222,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,268.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,556.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.96500
----------------------------------------------------------------
0 0031247968 MORTGAGORS: BARTLEY ROBERT
BARTLEY FAYE
REGION CODE ADDRESS : 1503 RAINBOW STREET
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 93.02400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,200.00
P & I AMT: 10,998.27
UPB AMT: 1,579,458.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 339
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031247984 MORTGAGORS: GOLDBERG JEROME
GOLDBERG NANCY
REGION CODE ADDRESS : 8701 O'NEAL ROAD
01 CITY : RALEIGH
STATE/ZIP : NC 27613
MORTGAGE AMOUNT : 224,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,589.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031248016 MORTGAGORS: HELLER DANIEL
HELLER SHARON
REGION CODE ADDRESS : 620 ISLAND VIEW DRIVE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.16300
----------------------------------------------------------------
0 0031248180 MORTGAGORS: RODRIGUES ERMELINDO
RODRIGUES SALLY
REGION CODE ADDRESS : 2973 MILLAR AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,805.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031248230 MORTGAGORS: KUO TIMOTHY
KUO CAROLINE
REGION CODE ADDRESS : 6928 BROOKFORD DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031248255 MORTGAGORS: POWERS SARAH
POWERS TRAVIS
REGION CODE ADDRESS : 116 STANLEY STREET
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 245,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,018.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,448,100.00
P & I AMT: 10,147.37
UPB AMT: 1,446,873.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 340
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031248321 MORTGAGORS: GALPERIN ALEXANDER
GALPERIN ALLA
REGION CODE ADDRESS : 861 SOUTH ENDICOTT COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031248388 MORTGAGORS: PETRIVELLI MICHAEL
PETRIVELLI NORINE
REGION CODE ADDRESS : 11848 CALLE DEPOSITO
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,725.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031248404 MORTGAGORS: DOOLEN DEWEY
DOOLEN JESSICA
REGION CODE ADDRESS : 6637 SECLUDED AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89110
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,306.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.66000
----------------------------------------------------------------
0 0031248420 MORTGAGORS: HUMBERT PHILIP
HUMBERT STACY
REGION CODE ADDRESS : 3000 INGLELOW LANE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28226
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031248453 MORTGAGORS: SEGAL MARK
SEGAL ANGELA
REGION CODE ADDRESS : 2138 BASSWOOD DRIVE
01 CITY : WHITEMARSH TOWNSHIP
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.71000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,400.00
P & I AMT: 9,491.38
UPB AMT: 1,339,429.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 341
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031248537 MORTGAGORS: SMITH WADE
BUCK JILL
REGION CODE ADDRESS : 14025 SOUTH 9TH STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 285,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,498.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0031248552 MORTGAGORS: SHURYGAILO STAN
HUGHES LUCRETIA
REGION CODE ADDRESS : 315 FOREST AVENUE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 242,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,624.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031248644 MORTGAGORS: STEWART KEITH
STEWART VELINA
REGION CODE ADDRESS : 14351 AUBURN COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 256,410.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,224.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031248651 MORTGAGORS: SAWIRES KALIM
SAWIRES CARLEEN
REGION CODE ADDRESS : 3580 TEABERRY CIRCLE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,774.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031248669 MORTGAGORS: ALVARADO LUPE
REGION CODE ADDRESS : 13938 VILLANOVA AVENUE
01 CITY : CHINO
STATE/ZIP : CA 91710
MORTGAGE AMOUNT : 160,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 160,783.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,138.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.64700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,241,810.00
P & I AMT: 8,763.43
UPB AMT: 1,240,905.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 342
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031248693 MORTGAGORS: BREEDING KURTIS
BREEDING PATRICIA
REGION CODE ADDRESS : 942 LAKE EDGE WAY
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,758.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.50200
----------------------------------------------------------------
0 0031248701 MORTGAGORS: BAETA ALFONSO
BAETA PATTY
REGION CODE ADDRESS : 4749 DOVERCOURT CIRCLE
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,808.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.84100
----------------------------------------------------------------
0 0031248727 MORTGAGORS: PIERCE HUGH
PIERCE MARIA
REGION CODE ADDRESS : 16294 KEELER DRIVE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031248750 MORTGAGORS: NOBLE DONALD
NOBLE JEANNE
REGION CODE ADDRESS : 2321 N.W. BAY COLONY COURT
01 CITY : STUART
STATE/ZIP : FL 34994
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,149.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.83800
----------------------------------------------------------------
0 0031248776 MORTGAGORS: GOLDMAN JEFFREY
GOLDMAN ELLEN
REGION CODE ADDRESS : 2822 ABBEY MANOR CIRCLE
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 296,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,372,550.00
P & I AMT: 9,628.09
UPB AMT: 1,371,597.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 343
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031248826 MORTGAGORS: LEE RICHARD
LEE YONG
REGION CODE ADDRESS : 1 KEAHOLE PLACE # 1107
01 CITY : HONOLULU
STATE/ZIP : HI 96825
MORTGAGE AMOUNT : 260,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,206.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.47800
----------------------------------------------------------------
0 0031248859 MORTGAGORS: DUNNETT FRED
REGION CODE ADDRESS : 329-333 CHURCH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 469,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,634.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,199.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.48100
----------------------------------------------------------------
0 0031248875 MORTGAGORS: IZZI PAUL
IZZI ELLEN
REGION CODE ADDRESS : 3051 EAST BANNER WAY
01 CITY : WASILLA
STATE/ZIP : AK 99654
MORTGAGE AMOUNT : 194,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 194,530.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,412.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031248909 MORTGAGORS: FORTNER WILLIAM
FORTNER KATHLEEN
REGION CODE ADDRESS : 3991 ALOALII DRIVE
01 CITY : PRINCEVILLE
STATE/ZIP : HI 96722
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,741.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031248925 MORTGAGORS: PASCUA ANTONIO
REGION CODE ADDRESS : 1994 KAHEKILI HIGHWAY
01 CITY : WAILUKU
STATE/ZIP : HI 96793
MORTGAGE AMOUNT : 178,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 177,874.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,275.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,459,200.00
P & I AMT: 10,234.63
UPB AMT: 1,457,987.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 344
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031249451 MORTGAGORS: SULLIVAN PATRICK
SULLIVAN CECELIA
REGION CODE ADDRESS : 5008 MANCHESTER COURT
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 381,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,667.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.92105
----------------------------------------------------------------
0 0031249568 MORTGAGORS: VARANELLI JOHN
VARANELLI JEANMARIE
REGION CODE ADDRESS : 115 PINE LAKE RD
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031249980 MORTGAGORS: KIELAROWSKI HENRY
REGION CODE ADDRESS : 1496 LA PLAYA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,003.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031250038 MORTGAGORS: HARCAR JOHN
HARCAR CINDY
REGION CODE ADDRESS : 23252 ELLICE CIRCLE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 423,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,693.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.90900
----------------------------------------------------------------
0 0031250053 MORTGAGORS: BRETON KEITH
BRETON LISA
REGION CODE ADDRESS : 489 DEL AMIGO ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 596,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 595,768.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,219.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.52500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,955,850.00
P & I AMT: 13,835.14
UPB AMT: 1,954,916.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 345
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031250061 MORTGAGORS: BLENKO JOHN
BLENKO CHERYL
REGION CODE ADDRESS : 328 HEDGEPOCKET WAY
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,024.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.41800
----------------------------------------------------------------
0 0031250137 MORTGAGORS: HOROWITZ MARK
HOROWITZ STEPHANIE
REGION CODE ADDRESS : 79 POINT VIEW PARKWAY
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.62100
----------------------------------------------------------------
0 0031250202 MORTGAGORS: HOLTER KNUTE
KERSHAW LINDA
REGION CODE ADDRESS : 6005 DIABLO HILLS
01 CITY : TRES PINOS
STATE/ZIP : CA 95075
MORTGAGE AMOUNT : 355,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,629.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.79800
----------------------------------------------------------------
0 0031250210 MORTGAGORS: MENDU RAGHUVEER
MENDU RASHIDA
REGION CODE ADDRESS : 26710 FOND DU LAC ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,775.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.87922
----------------------------------------------------------------
0 0031251408 MORTGAGORS: PIECK MANFRED
PIECK JANET
REGION CODE ADDRESS : 1535 SOUTH 189TH STREET
01 CITY : OMAHA
STATE/ZIP : NE 68130
MORTGAGE AMOUNT : 306,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,278.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,169.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.15300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,400.00
P & I AMT: 10,312.47
UPB AMT: 1,484,707.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 346
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031251424 MORTGAGORS: NYSTUL JOHN
NYSTUL KRISTIN
REGION CODE ADDRESS : 7509 BENT BOW TRAIL
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,815.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.49200
----------------------------------------------------------------
0 0031251432 MORTGAGORS: NATICCHIONI MIKEL
NATICCHIONI CYNTHIA
REGION CODE ADDRESS : 59 ROUND HILL ROAD
01 CITY : KINGSTON
STATE/ZIP : MA 02364
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,391.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031251499 MORTGAGORS: IVARSSON CARL
IVARSSON SANDRA
REGION CODE ADDRESS : 4317 FERNCREEK DR
01 CITY : FAYETTEVILLE
STATE/ZIP : NC 28314
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.16500
----------------------------------------------------------------
0 0031251515 MORTGAGORS: WRIGHT L.
WRIGHT CALISTA
REGION CODE ADDRESS : 4842 S SHENANDOAH WAY
01 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 240,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,616.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031251523 MORTGAGORS: HARDY DANA
HARDY DOROTHY
REGION CODE ADDRESS : 36A ELM STREET
01 CITY : PEPPERELL
STATE/ZIP : MA 01463
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,666.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,450,400.00
P & I AMT: 10,093.86
UPB AMT: 1,449,312.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 347
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031251531 MORTGAGORS: SEIBEL D.
SEIBEL SHEARL
REGION CODE ADDRESS : 1805 MUIRFIELD COURT
01 CITY : FINKSBURG
STATE/ZIP : MD 21048
MORTGAGE AMOUNT : 347,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,922.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031251549 MORTGAGORS: COULTER LEONARD
COULTER OLIVIA
REGION CODE ADDRESS : 712 WATCH ISLAND REACH
01 CITY : CHESAPEAKE
STATE/ZIP : VA 23320
MORTGAGE AMOUNT : 299,990.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,783.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.99700
----------------------------------------------------------------
0 0031251564 MORTGAGORS: GEALLIS PAUL
GEALLIS PAMELA
REGION CODE ADDRESS : 713 STONEBRIDGE
01 CITY : FRANKFORT
STATE/ZIP : IL 60423
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,824.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031251580 MORTGAGORS: GOODMAN JEFFREY
GOODMAN KATHERINE
REGION CODE ADDRESS : 5004 WESTGROVE LANE
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0031251614 MORTGAGORS: WATKINS RICHARD
WATKINS PAULA
REGION CODE ADDRESS : 1617 THORNTREE DRIVE
01 CITY : DESOTO
STATE/ZIP : TX 75115
MORTGAGE AMOUNT : 296,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,880.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,516,290.00
P & I AMT: 10,555.80
UPB AMT: 1,515,152.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 348
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031251630 MORTGAGORS: KEARNEY THOMAS
KEARNEY DARLENE
REGION CODE ADDRESS : 8159 CANCUN COURT
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,822.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031251671 MORTGAGORS: SCHNEBELE MICHAEL
SCHNEBELE EMILY
REGION CODE ADDRESS : 1436 HARLE PLACE S.W.
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 256,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,259.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.96400
----------------------------------------------------------------
0 0031251705 MORTGAGORS: COUSTETTE ERNEST
COUSTETTE PAMELA
REGION CODE ADDRESS : 1918 SPRING GROVE ROAD
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 269,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,498.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.26100
----------------------------------------------------------------
0 0031251903 MORTGAGORS: MORRIS BARBARA
MORRIS ROBERT
REGION CODE ADDRESS : 25928 PLANTING FIELD DRIVE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031251911 MORTGAGORS: QUEVILLON THOMAS
QUEVILLON BETH
REGION CODE ADDRESS : 952 EAST BENTON AVENUE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60540
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,353.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,339,850.00
P & I AMT: 9,298.98
UPB AMT: 1,336,694.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 349
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031251945 MORTGAGORS: LADNER THOMAS
LADNER STEPHANIE
REGION CODE ADDRESS : 339 PALM TRAIL
01 CITY : DELRAY BEACH
STATE/ZIP : FL 33483
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,280.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,138.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.11100
----------------------------------------------------------------
0 0031251960 MORTGAGORS: BAHR STEVEN
BAHR TERRI
REGION CODE ADDRESS : 5 VILLAGE GREEN
01 CITY : LONGWOOD
STATE/ZIP : FL 32779
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,642.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031251994 MORTGAGORS: HANKWITZ A.
HANKWITZ EILEEN
REGION CODE ADDRESS : 1106 SUSSEX DRIVE
01 CITY : KINGSPORT
STATE/ZIP : TN 37660
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,519.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031252018 MORTGAGORS: HAYES JAMES
HAYES JILL
REGION CODE ADDRESS : 106 HABERSHAM ROAD
01 CITY : COLUMBIA
STATE/ZIP : TN 38401
MORTGAGE AMOUNT : 265,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,864.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031252141 MORTGAGORS: FISHER ROBERT
FISHER SUSAN
REGION CODE ADDRESS : 997 LENOX VALLEY
01 CITY : ATLANTA
STATE/ZIP : GA 30324
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,250.00
P & I AMT: 10,966.85
UPB AMT: 1,577,860.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 350
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031252166 MORTGAGORS: MURRAY RONALD
MURRAY MARIANNE
REGION CODE ADDRESS : 303 WEST COUNTRY DRIVE
01 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,603.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
0 0031252182 MORTGAGORS: CAMPBELL TODD
REGION CODE ADDRESS : 107 ABBEYWOOD DRIVE
01 CITY : NASHVILLE
STATE/ZIP : TN 37215
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.96200
----------------------------------------------------------------
0 0031252836 MORTGAGORS: BRADY ROBERT
BRADY SUSAN
REGION CODE ADDRESS : 4412 WEST ITHICA
01 CITY : BROKEN ARROW
STATE/ZIP : OK 74012
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031252869 MORTGAGORS: SMITH DON
SMITH NANCY
REGION CODE ADDRESS : 5835 LINDELL ROAD
01 CITY : LAS VEGAS
STATE/ZIP : NV 89118
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,535.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.87200
----------------------------------------------------------------
0 0031252885 MORTGAGORS: NEGRETTE LOUIS
NEGRETTE MARION
REGION CODE ADDRESS : 14700 SOUTHWEST 35 COURT
01 CITY : MIRAMAR
STATE/ZIP : FL 33027
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.23000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,750.00
P & I AMT: 9,408.58
UPB AMT: 1,347,544.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 351
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031252919 MORTGAGORS: YENNIE JOHN
YENNIE NANCY
REGION CODE ADDRESS : 47080 KENTWELL PLACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,414.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031252935 MORTGAGORS: GARCIA ADOLFO
REGION CODE ADDRESS : 5367 ALTON ROAD
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33140
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.03200
----------------------------------------------------------------
0 0031252950 MORTGAGORS: LEWIS GUY
LEWIS LOYDA
REGION CODE ADDRESS : 2416 NORTH GREENWAY DRIVE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33134
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031253008 MORTGAGORS: ROMAN HECTOR
ROMAN CARMEN
REGION CODE ADDRESS : 4475 SOUTHWEST 95 AVENUE
01 CITY : DAVIE
STATE/ZIP : FL 33328
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,326.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.69280
----------------------------------------------------------------
0 0031253040 MORTGAGORS: KRUEGER MARY
KRUEGER CHRISTOPHER
REGION CODE ADDRESS : 5406 N. LAKEWOOD AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60640
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,766.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.53600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,100.00
P & I AMT: 9,503.04
UPB AMT: 1,357,093.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 352
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031253065 MORTGAGORS: YOUNG STEVEN
YOUNG SARA
REGION CODE ADDRESS : 1350 EDGEWOOD ROAD
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,798.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,901.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031253248 MORTGAGORS: PYFER JEANNE
RAPP MICHAEL
REGION CODE ADDRESS : RD #1 CHESTER SPRINGS ROAD
01 CITY : PHOENIXVILLE
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031254576 MORTGAGORS: RECKLEFF JOHN
REGION CODE ADDRESS : 1908 PRESCOTT PLACE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,565.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.17500
----------------------------------------------------------------
0 0031254857 MORTGAGORS: PENLAND NICOLE
CREED LARRY
REGION CODE ADDRESS : 4408 SWORDFISH DRIVE
01 CITY : BRADENTON
STATE/ZIP : FL 34208
MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,004.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.95000
----------------------------------------------------------------
0 0031254865 MORTGAGORS: LEWIS GARY
LEWIS JANNA
REGION CODE ADDRESS : 810 CRESTWOOD DRIVE
01 CITY : NASHVILLE
STATE/ZIP : TN 37204
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,477.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,400.00
P & I AMT: 10,317.12
UPB AMT: 1,464,845.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 353
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031254881 MORTGAGORS: SCHROEDER PATRICIA
SCHROEDER JAMES
REGION CODE ADDRESS : 621 NADINA PLACE
01 CITY : CELEBRATION
STATE/ZIP : FL 34747
MORTGAGE AMOUNT : 245,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,922.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.95772
----------------------------------------------------------------
0 0031254964 MORTGAGORS: LEE ROBERT
REGION CODE ADDRESS : 108 BERRY HILL DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 469,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,142.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,242.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031255003 MORTGAGORS: PICKENS ROBERT
PICKENS ELIZABETH
REGION CODE ADDRESS : 610 LYNNWOOD BLVD
01 CITY : NASHVILLE
STATE/ZIP : TN 37205
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 40.32258
----------------------------------------------------------------
0 0031255052 MORTGAGORS: DEES JOHN
DEES MARGARET
REGION CODE ADDRESS : 2016 91ST STREET NW
01 CITY : BRADENTON
STATE/ZIP : FL 34209
MORTGAGE AMOUNT : 267,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,320.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,917.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0031255284 MORTGAGORS: WULBRECHT DAVID
WULBRECHT NANCY
REGION CODE ADDRESS : 2593 ORCHARD DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 276,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.92700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,850.00
P & I AMT: 10,485.23
UPB AMT: 1,507,746.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 354
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031255516 MORTGAGORS: CARVER WILLIAM
CARVER DONNA
REGION CODE ADDRESS : 6825 HORSESHOE RD
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,699.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.47000
----------------------------------------------------------------
0 0031255755 MORTGAGORS: DIMAGGIO MICHAEL
DIMAGGIO LISA
REGION CODE ADDRESS : 23 NEW BOSTON COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031255847 MORTGAGORS: LEROW LEE
LEROW MIKI
REGION CODE ADDRESS : 18578 GARNET LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 339,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,671.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,261.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.05814
----------------------------------------------------------------
0 0031255912 MORTGAGORS: MEANS STEVE
MEANS KATHERINE
REGION CODE ADDRESS : 40471 CALLE TIARA
01 CITY : TEMECULA
STATE/ZIP : CA 92591
MORTGAGE AMOUNT : 180,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,144.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,169.42 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.07800
----------------------------------------------------------------
0 0031255961 MORTGAGORS: MARTIN CHAD
MARTIN GALE
REGION CODE ADDRESS : 4028 S APOKA VINELAND ROAD
01 CITY : ORLANDO
STATE/ZIP : FL 32835
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,339.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,872.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,590,250.00
P & I AMT: 11,207.60
UPB AMT: 1,588,855.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 355
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031257959 MORTGAGORS: HENSEN ROBERT
HENSEN BRENDA
REGION CODE ADDRESS : 52 MELROSE DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 159,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,882.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,111.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031257975 MORTGAGORS: HOUSTON DEANE
HOUSTON KAREN
REGION CODE ADDRESS : 3340 BONITA MESA ROAD
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 165,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 164,880.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,167.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.53200
----------------------------------------------------------------
0 0031258007 MORTGAGORS: DAGLEY JAMES
DAGLEY ELLEN
REGION CODE ADDRESS : 28917 SOUTHEAST 258TH STREET
01 CITY : RAVENSDALE
STATE/ZIP : WA 98051
MORTGAGE AMOUNT : 302,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,086.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.84300
----------------------------------------------------------------
0 0031258098 MORTGAGORS: CELIK RAFI
REGION CODE ADDRESS : 12656 DARYL AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 192,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 192,360.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,362.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.14100
----------------------------------------------------------------
0 0031258106 MORTGAGORS: BARGREEN PETER
BARGREEN SHANNON
REGION CODE ADDRESS : 7302 84TH STREET NORTHEAST
01 CITY : MARYSVILLE
STATE/ZIP : WA 98270
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,753.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,595.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.60000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,176,800.00
P & I AMT: 8,403.57
UPB AMT: 1,175,963.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 356
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031258148 MORTGAGORS: BOYLAN TERRY
BOYLAN CHRISTINE
REGION CODE ADDRESS : 6300 DE LA GUERRA TERRACE
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93306
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,694.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.90900
----------------------------------------------------------------
0 0031258262 MORTGAGORS: HOWELL RANDALL
REGION CODE ADDRESS : 11572 PENTENWELL ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.72900
----------------------------------------------------------------
0 0031258296 MORTGAGORS: GILBERT DAVID
GILBERT EILEEN
REGION CODE ADDRESS : 490 LOMA VISTA TERRACE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031258353 MORTGAGORS: FRIEDEN JEFFREY
REGION CODE ADDRESS : 35331 CAMINO CAPISTRANO
01 CITY : DANA POINT
STATE/ZIP : CA 92624
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031258361 MORTGAGORS: BROWNELL DONNA
REGION CODE ADDRESS : 1464 FRIEDHOFF DRIVE
01 CITY : ZEPHYR COVE
STATE/ZIP : NV 89448
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,801.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.57700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,042,000.00
P & I AMT: 14,128.49
UPB AMT: 2,040,451.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 357
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031258403 MORTGAGORS: FREEMAN CHAIM
FREEMAN SHARI
REGION CODE ADDRESS : 117 NORTH FULLER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.30100
----------------------------------------------------------------
0 0031258445 MORTGAGORS: MANANTAN ANTONIO
MANANTAN ELIZABETH
REGION CODE ADDRESS : 16003 PROMONTORY PLACE
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,810.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.37200
----------------------------------------------------------------
0 0031258478 MORTGAGORS: AIKEN DAVID
MAIDEN-AIKEN DIANA
REGION CODE ADDRESS : 1080 VISTA MONTE DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 458,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,009.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,204.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031258536 MORTGAGORS: ANDERSON ERIC
ANDERSON ALYNE
REGION CODE ADDRESS : 27 KAMEHA WAY
01 CITY : DILLON BEACH
STATE/ZIP : CA 94929
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.09500
----------------------------------------------------------------
0 0031258551 MORTGAGORS: HUHN MICHAEL
HUHN SUZANNE
REGION CODE ADDRESS : 20 RIDGE LANE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 556,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 555,566.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,792.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.90804
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,856,350.00
P & I AMT: 12,809.60
UPB AMT: 1,854,934.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 358
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031258577 MORTGAGORS: INGATE SHANE
INGATE PAMELA
REGION CODE ADDRESS : 309 PLAYA DEL SUR STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,795.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.81000
----------------------------------------------------------------
0 0031259799 MORTGAGORS: ARMSTRONG W
ARMSTRONG SARAH
REGION CODE ADDRESS : 24 QUEEN STREET
01 CITY : CHARLESTON
STATE/ZIP : SC 29401
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031259815 MORTGAGORS: THOMPSON CRAIG
MURPHY MARY
REGION CODE ADDRESS : 17 RED HAWK COURT
01 CITY : OSWEGO
STATE/ZIP : IL 60543
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031259831 MORTGAGORS: PEARSON WILLIAM
PEARSON JEANNE
REGION CODE ADDRESS : 143 NEWBURY WAY
01 CITY : DANVILLE
STATE/ZIP : VA 24541
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,722.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,815.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.60000
----------------------------------------------------------------
0 0031259872 MORTGAGORS: HASENBERG THOMAS
HASENBERG ELIZABETH
REGION CODE ADDRESS : 4775 APPLE VALLEY DRIVE NE
01 CITY : IOWA CITY
STATE/ZIP : IA 52240
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,603.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,800.00
P & I AMT: 10,773.06
UPB AMT: 1,527,682.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 359
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031259880 MORTGAGORS: GUPTA AMAL
GUPTA BONNIE
REGION CODE ADDRESS : 9 GAVIN CIRCLE
01 CITY : STONEHAM
STATE/ZIP : MA 02180
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.90800
----------------------------------------------------------------
0 0031259914 MORTGAGORS: ELLIOTT WILLIAM
ELLIOTT GAIL
REGION CODE ADDRESS : 5128 PAW PAW ROAD
01 CITY : CAMBRIDGE
STATE/ZIP : MD 21613
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,825.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031259922 MORTGAGORS: ALLRED F.
ALLRED DEBORAH
REGION CODE ADDRESS : 72 AVIGNON COURT
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72211
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,809.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.96400
----------------------------------------------------------------
0 0031259948 MORTGAGORS: THORUP JAMES
THORUP CLARA
REGION CODE ADDRESS : 16595 ORCHARD LANE
01 CITY : STILWELL
STATE/ZIP : KS 66085
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,201.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.53600
----------------------------------------------------------------
0 0031259963 MORTGAGORS: REGELSTAD GARY
REGELSTAD MARY
REGION CODE ADDRESS : RR 1 BOX 807
01 CITY : AUDUBON
STATE/ZIP : MN 56511
MORTGAGE AMOUNT : 235,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,706.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,569.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.48800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,259,300.00
P & I AMT: 8,836.17
UPB AMT: 1,257,380.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 360
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031259971 MORTGAGORS: YOUNG MICHAEL
YOUNG EMILY
REGION CODE ADDRESS : 7 WHITNEY WAY
01 CITY : LEBANON
STATE/ZIP : PA 17042
MORTGAGE AMOUNT : 361,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,732.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.07995
----------------------------------------------------------------
0 0031259997 MORTGAGORS: MONTGOMERY SCOTT
MONTGOMERY THERESA
REGION CODE ADDRESS : 12604 W 131ST STREET
01 CITY : OVERLAND PARK
STATE/ZIP : KS 66213
MORTGAGE AMOUNT : 307,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,477.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031260011 MORTGAGORS: SMITH PETER
SMITH ANNEMARIE
REGION CODE ADDRESS : 11 CHESTNUT STREET
01 CITY : WEST NEWBURY
STATE/ZIP : MA 01985
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,806.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031260037 MORTGAGORS: REUBENSTEIN HOWARD
REUBENSTEIN LORI
REGION CODE ADDRESS : 18 BUEHLER ROAD
01 CITY : BEDFORD
STATE/ZIP : MA 01730
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,728.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.50500
----------------------------------------------------------------
0 0031260045 MORTGAGORS: SALL MARNE
SALL KIRK
REGION CODE ADDRESS : 3677 ROBIN LANE
01 CITY : EAGAN
STATE/ZIP : MN 55122
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,021.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.91300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,150.00
P & I AMT: 10,661.01
UPB AMT: 1,501,766.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 361
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031260060 MORTGAGORS: STANFORD JAMES
STANFORD CYNTHIA
REGION CODE ADDRESS : 13214 HIGHWAY 8 WEST
01 CITY : GRENADA
STATE/ZIP : MS 38901
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031260086 MORTGAGORS: GIUSTOZZI JOHN
GIUSTOZZI SANDRA
REGION CODE ADDRESS : 1415 BELL ISLAND TRAIL
01 CITY : SALISBURY
STATE/ZIP : MD 21801
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 : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.83000
----------------------------------------------------------------
0 0031260094 MORTGAGORS: MILLER PATRICK
MILLER CHERYL
REGION CODE ADDRESS : 1751 SOUTH PLANTATION DRIVE
01 CITY : DUNKIRK
STATE/ZIP : MD 20754
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,321.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031260102 MORTGAGORS: SULLIVAN JOHN
SULLIVAN MICHELLE
REGION CODE ADDRESS : 63 PORTLAND DRIVE
01 CITY : ST. LOUIS
STATE/ZIP : MO 63131
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.53800
----------------------------------------------------------------
0 0031260110 MORTGAGORS: FOSTER GARY
FOSTER SUSAN
REGION CODE ADDRESS : 29403 THIMBLEBERRY LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,703.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,789.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.95900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,500.00
P & I AMT: 11,017.56
UPB AMT: 1,563,354.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 362
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031260128 MORTGAGORS: HORNYAK JOHN
HARTMAN SUZANNE
REGION CODE ADDRESS : 6355 SOUTH 66 STREET
01 CITY : LINCOLN
STATE/ZIP : NE 68516
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031260193 MORTGAGORS: BENEDICT CHARLES
REGION CODE ADDRESS : 2035 MORENO ROAD
01 CITY : LAS VEGAS
STATE/ZIP : NV 89124
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,642.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,207.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 46.66600
----------------------------------------------------------------
0 0031260219 MORTGAGORS: STONE TERLL
STONE MERRILLYN
REGION CODE ADDRESS : 7568 S MAXWELTON ROAD
01 CITY : CLINTON
STATE/ZIP : WA 98236
MORTGAGE AMOUNT : 442,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,210.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,285.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031260276 MORTGAGORS: BAKER DAVID
BAKER CATHERINE
REGION CODE ADDRESS : 17550 BELFAST COVE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.89300
----------------------------------------------------------------
0 0031260490 MORTGAGORS: STANCIL JAMES
REGION CODE ADDRESS : 8100 BANBURY CROSS
01 CITY : ZEBULON
STATE/ZIP : NC 27597
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,876,500.00
P & I AMT: 13,630.23
UPB AMT: 1,875,443.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 363
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031260557 MORTGAGORS: LARKIN DAVID
LARKIN CHERRY
REGION CODE ADDRESS : 457 MANOR OAK LANE
01 CITY : MARIETTA
STATE/ZIP : GA 30067
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,854.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.36508
----------------------------------------------------------------
0 0031261860 MORTGAGORS: HAKE JAMES
HAKE KRISTY
REGION CODE ADDRESS : 810 ILIFF STREET
01 CITY : (PACIFIC PALOSADES AREA)
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,149.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031262603 MORTGAGORS: SAVAGE DENNIS
SAVAGE FRANCES
REGION CODE ADDRESS : 801 SHADY OAKS LANE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031262736 MORTGAGORS: PRAGER DAVID
REGION CODE ADDRESS : 646 JACON WAY
01 CITY : PACIFIC PALISADES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 418,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,890.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.59500
----------------------------------------------------------------
0 0031263411 MORTGAGORS: SNOW KELLY
SNOW PATRICIA
REGION CODE ADDRESS : 6198 GLIDER DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,405.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,776,100.00
P & I AMT: 12,275.94
UPB AMT: 1,774,759.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 364
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031264385 MORTGAGORS: EGAN JAMES
EGAN MOLLY
REGION CODE ADDRESS : 226 BLUEGRASS DRIVE
01 CITY : HENDERSONVILLE
STATE/ZIP : TN 37075
MORTGAGE AMOUNT : 332,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,340.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.52000
----------------------------------------------------------------
0 0031264393 MORTGAGORS: RUSSELL DANIEL
WOOD JOYCE
REGION CODE ADDRESS : 6 MORNING MIST COURT
01 CITY : WOODSTOCK
STATE/ZIP : MD 21163
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.96200
----------------------------------------------------------------
0 0031264427 MORTGAGORS: SEWELL MITCHELL
JONES SEWELL CONSTANCE
REGION CODE ADDRESS : 910 WOODVINE ROAD
01 CITY : ASHEVILLE
STATE/ZIP : NC 28803
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,304.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97755
----------------------------------------------------------------
0 0031264781 MORTGAGORS: JACKSON DEANNE
REGION CODE ADDRESS : 17 MOUNTAIN LAUREL
01 CITY : DOVE CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 214,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,428.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,445.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 54.05600
----------------------------------------------------------------
0 0031264807 MORTGAGORS: BEATTIE CYNTHIA
THOMAS DOUGLAS
REGION CODE ADDRESS : 112 TRIANA WAY
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,277,200.00
P & I AMT: 8,817.77
UPB AMT: 1,276,226.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 365
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031264815 MORTGAGORS: CASSELMAN JOHN
CASSELMAN AMY
REGION CODE ADDRESS : 888 ELMIRA DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.26800
----------------------------------------------------------------
0 0031264849 MORTGAGORS: BRYANT JEFFREY
BRYANT ROBIN
REGION CODE ADDRESS : 1033 NORTH 650 WEST
01 CITY : OREM
STATE/ZIP : UT 84057
MORTGAGE AMOUNT : 98,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 98,637.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 741.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031264856 MORTGAGORS: LEE BARRY
LEE SHERIE
REGION CODE ADDRESS : 1142 UPPER HAPPY VALLEY ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 411,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,202.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,912.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.91500
----------------------------------------------------------------
0 0031264872 MORTGAGORS: NICKELS DOUGLAS
NICKELS JILL
REGION CODE ADDRESS : 46 OAK MOUNTAIN COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,810.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.64705
----------------------------------------------------------------
0 0031264898 MORTGAGORS: JAY EDMUND
JAY JENNIFER
REGION CODE ADDRESS : 3484 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 339,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,178.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,650.00
P & I AMT: 10,242.68
UPB AMT: 1,460,568.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 366
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031265002 MORTGAGORS: ZIMMERMAN ERIC
HO ADELA
REGION CODE ADDRESS : 2829 INGLESIDE AVENUE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,178.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031265069 MORTGAGORS: WRIGHT DOUGLAS
WRIGHT LAURA
REGION CODE ADDRESS : 14063 HIGHWAY 94
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 228,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,580.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031265077 MORTGAGORS: JOHNSTON MARK
JOHNSTON ANNE
REGION CODE ADDRESS : 2096 LOUIS ROAD
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 468,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,060.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031265085 MORTGAGORS: KELLOGG RONALD
KELLOGG ELIZABETH
REGION CODE ADDRESS : 10002 SOUTH STONE MOUNTAIN LANE
01 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,319.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031265168 MORTGAGORS: KIRKPATRICK WILLIAM
KIRKPATRICK SUE
REGION CODE ADDRESS : 2 HILLSIDE LANE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,356.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,698,050.00
P & I AMT: 12,007.36
UPB AMT: 1,696,495.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 367
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031265820 MORTGAGORS: HOSTETLER STEPHEN
HOSTETLER GERRI
REGION CODE ADDRESS : 2932 SPARROW DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.76900
----------------------------------------------------------------
0 0031266018 MORTGAGORS: ALLISON JAMES
ALLISON MARIE
REGION CODE ADDRESS : 2800 BEACH AVENUE
01 CITY : VENICE AREA LOS ANGELES
STATE/ZIP : CA 90291
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031266224 MORTGAGORS: RAPOPORT DMITRY
RAPOPORT ALLA
REGION CODE ADDRESS : 7001 SHADETREE LANE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.56700
----------------------------------------------------------------
0 0031266786 MORTGAGORS: TSOHN AMIHAI
TSOHN ROSEMARY
REGION CODE ADDRESS : 19443 38TH COURT
01 CITY : MIAMI
STATE/ZIP : FL 33160
MORTGAGE AMOUNT : 461,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,929.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,267.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 250
LTV : 69.01600
----------------------------------------------------------------
0 0031267131 MORTGAGORS: PASTUHOV PHILLIP
TONNESEN KELLI
REGION CODE ADDRESS : 301 OAKDALE AVENUE
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,588,600.00
P & I AMT: 11,043.40
UPB AMT: 1,587,656.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 368
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031267164 MORTGAGORS: PRUNEDA CESAR
H-DE-PRUNEDA JEAN
REGION CODE ADDRESS : 2125 ZINFANDEL CT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 517,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 517,206.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,574.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031267198 MORTGAGORS: MORAN KYLE
MORAN CORIE
REGION CODE ADDRESS : 16011- 27 TH DRIVE SOUTHEAST
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031267388 MORTGAGORS: MAXSON PETER
REGION CODE ADDRESS : 8 HUDSON
01 CITY : IRVIN
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031267396 MORTGAGORS: PHILLIPS JOHN
GALLEGOS JESSICA
REGION CODE ADDRESS : 208 LOVELL AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 351,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,089.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,488.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031267669 MORTGAGORS: LEVY EVAN
LEVY STACEY
REGION CODE ADDRESS : 1067 LEHIGH VALLEY CIRCLE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,650,700.00
P & I AMT: 11,573.39
UPB AMT: 1,649,406.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 369
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031267818 MORTGAGORS: WEIXELMAN DONALD
WEIXELMAN SONDRA
REGION CODE ADDRESS : 4146 HAMPSHIRE LANE
01 CITY : EUGENE
STATE/ZIP : OR 97404
MORTGAGE AMOUNT : 138,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 138,402.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 992.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.95238
----------------------------------------------------------------
0 0031267974 MORTGAGORS: TORRES JOHN
TORRES DONNA
REGION CODE ADDRESS : 7738 DESIREE STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 135,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 135,398.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 948.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031268022 MORTGAGORS: RABBITT DONALD
RABBITT HELENE
REGION CODE ADDRESS : 28550 EVENING BREEZE DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,816.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0031268410 MORTGAGORS: BRICK LUCILLE
REGION CODE ADDRESS : 5940 SOUTH PEARL STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89120
MORTGAGE AMOUNT : 268,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,010.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031268436 MORTGAGORS: WOODBURY JOHN
SMITH-WOODBURY SHERRI
REGION CODE ADDRESS : 8811 BRIERLY ROAD
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,117,300.00
P & I AMT: 7,784.30
UPB AMT: 1,116,362.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 370
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031268527 MORTGAGORS: YSAIS DANIEL
YSAIS ANDREA
REGION CODE ADDRESS : 28232 VIA ALFONSE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 235,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,425.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031268634 MORTGAGORS: RHODES F
RHODES EDAN
REGION CODE ADDRESS : 10 SPRING GROVE
01 CITY : IRVINE
STATE/ZIP : CA 92620
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 : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.63000
----------------------------------------------------------------
0 0031269608 MORTGAGORS: WALKER RANDALL
WALKER SUSAN
REGION CODE ADDRESS : 4503 EAST WYNDOM COURT
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84108
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,695.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031269616 MORTGAGORS: CALHOUN PETER
CALHOUN JUANAKEE
REGION CODE ADDRESS : 16607 SEA ISLAND COURT
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.15400
----------------------------------------------------------------
0 0031269624 MORTGAGORS: MCGOUGH PETER
MCGOUGH MAUREEN
REGION CODE ADDRESS : 320 KEHM ROAD
01 CITY : QUEENSTOWN
STATE/ZIP : MD 21658
MORTGAGE AMOUNT : 562,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,102.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,029.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,888,100.00
P & I AMT: 13,085.42
UPB AMT: 1,886,671.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 371
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031269640 MORTGAGORS: SHAPLYKO NICHOLAS
SOROKINA EKATERINA
REGION CODE ADDRESS : 26-28 STONE AVENUE
01 CITY : SOMERVILLE
STATE/ZIP : MA 02143
MORTGAGE AMOUNT : 233,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,035.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031269657 MORTGAGORS: FRYSZTAK ROBERT
FRYSZTAK BETH
REGION CODE ADDRESS : 2519 SADDLEBROOK DRIVE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,779.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.31800
----------------------------------------------------------------
0 0031273279 MORTGAGORS: BENEVENTO JOHN
BENEVENTO DENISE
REGION CODE ADDRESS : 1462 GERHARDT AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.51063
----------------------------------------------------------------
0 0031273410 MORTGAGORS: MOONEY PATRICK
REGION CODE ADDRESS : 208 PALMETTO AVENUE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,808.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.71400
----------------------------------------------------------------
0 0031273428 MORTGAGORS: HARKER STEPHEN
HARKER JANE
REGION CODE ADDRESS : 1052 OVERLOOK ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,500,200.00
P & I AMT: 10,371.68
UPB AMT: 1,499,622.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 372
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031273451 MORTGAGORS: WALZ JONATHAN
WALZ MARIBETH
REGION CODE ADDRESS : 13755 MIRA MONTANA DRIVE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.91800
----------------------------------------------------------------
0 0031273469 MORTGAGORS: BRADFORD CHARLES
BRADFORD DEBORAH
REGION CODE ADDRESS : 427 CIMARON PARK
01 CITY : PEACHTREE CITY
STATE/ZIP : GA 30269
MORTGAGE AMOUNT : 287,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,892.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031273493 MORTGAGORS: DELANEY N
DELANEY JOAN
REGION CODE ADDRESS : 419 BRIDGEBORO ROAD
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 282,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,355.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.48600
----------------------------------------------------------------
0 0031273501 MORTGAGORS: LUNDQUIST ERIC
WESTON-LUNDQUIST KIMBERLY
REGION CODE ADDRESS : 107 CHURCHILL CIRCLE
01 CITY : NORTH WALES
STATE/ZIP : PA 19454
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,835.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031273519 MORTGAGORS: BOS BLAINE
BOS NANCY
REGION CODE ADDRESS : 25292 PEBBLE CREEK
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,789.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,367,650.00
P & I AMT: 9,772.75
UPB AMT: 1,366,678.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 373
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031273568 MORTGAGORS: COWAN DAVID
COWAN JULIE
REGION CODE ADDRESS : 17400 NE STONEY MEADOWS
01 CITY : VANCOUVER
STATE/ZIP : WA 98682
MORTGAGE AMOUNT : 552,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 551,590.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,859.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031273758 MORTGAGORS: DOTTER LAMAR
DOTTER PATRICIA
REGION CODE ADDRESS : 4627 KIRKLAND PALCE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22311
MORTGAGE AMOUNT : 250,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,859.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031273766 MORTGAGORS: BLUHM CHRISTOPHER
BLUHM JUDY
REGION CODE ADDRESS : 4612 HUNTLEY DRIVE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,705.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031273774 MORTGAGORS: SCOTT JOHN
SCOTT MARY
REGION CODE ADDRESS : 68877 BEDELL ROAD
01 CITY : DEER ISLAND
STATE/ZIP : OR 97051
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031273782 MORTGAGORS: TSCHOPP JAMES
REGION CODE ADDRESS : 46 VESPER LANE
01 CITY : NANTUCKET
STATE/ZIP : MA 02554
MORTGAGE AMOUNT : 251,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,939.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,050.00
P & I AMT: 11,268.71
UPB AMT: 1,600,873.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 374
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031273832 MORTGAGORS: RUDOLPH WILLIAM
SILL CAREY
REGION CODE ADDRESS : 8611 MALLARD VIEW
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,931.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031273840 MORTGAGORS: NESEL STEPHEN
JORDAN NESEL CAROL
REGION CODE ADDRESS : 8311 GIANTSTEP PLACE
01 CITY : MONTGOMERY VILLAGE
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 254,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,027.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.41500
----------------------------------------------------------------
0 0031273857 MORTGAGORS: GROCE JAMES
GROCE ANGELA
REGION CODE ADDRESS : 508 SURFSIDE AVENUE
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,294.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031273865 MORTGAGORS: UNANGST STEVEN
UNANGST PAIGE
REGION CODE ADDRESS : 24902 W MIDDLE FORK ROAD
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,146.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031273881 MORTGAGORS: WILLIAMS ROBERT
WILLIAMS PATRICIA
REGION CODE ADDRESS : 1510 BLACK-EYED SUSAN LANE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,997.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,316,650.00
P & I AMT: 8,870.54
UPB AMT: 1,312,397.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 375
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031273907 MORTGAGORS: MULLER DAVID
MULLER BARBARA
REGION CODE ADDRESS : 8217 SHADOWRIDGE DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 286,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,470.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.48600
----------------------------------------------------------------
0 0031273915 MORTGAGORS: RUSSELL JOSEPH
REGION CODE ADDRESS : 43 HILLSBORO DRIVE
01 CITY : ORCHARD PARK
STATE/ZIP : NY 14127
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,850.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.73333
----------------------------------------------------------------
0 0031273923 MORTGAGORS: GASSER CHARLES
GASSER LESLIE
REGION CODE ADDRESS : 15 GARNET ROAD
01 CITY : SANDPOINT
STATE/ZIP : ID 83864
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,015.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.22078
----------------------------------------------------------------
0 0031273931 MORTGAGORS: MERKEL JOLENE
REGION CODE ADDRESS : 7906 BRESSINGHAM DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 261,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,700.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.37162
----------------------------------------------------------------
0 0031273956 MORTGAGORS: RUFF LOWELL
RUFF GEORGENE
REGION CODE ADDRESS : 9512 FERRY HARBOUR COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22309
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,786.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.09004
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,600.00
P & I AMT: 9,729.82
UPB AMT: 1,433,824.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 376
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031273964 MORTGAGORS: MISENHEIMER KEITH
REGION CODE ADDRESS : 12 MIDSTREAM
01 CITY : HILTON HEAD ISL.
STATE/ZIP : SC 29928
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,830.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.85074
----------------------------------------------------------------
0 0031273980 MORTGAGORS: BURNS STEVEN
BURNS JOANNE
REGION CODE ADDRESS : 1042 WEST KNICKERBUCKER DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,608.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031274004 MORTGAGORS: BAKER ROBERT
BAKER CELIA
REGION CODE ADDRESS : 1313 OAKHURST COURT
01 CITY : CAMARILLO
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,607.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031274822 MORTGAGORS: MILLS CYNTHIA
MILLS TYLER
REGION CODE ADDRESS : 1872 AFRICA ROAD
01 CITY : DELAWARE
STATE/ZIP : OH 43021
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,834.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,559.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.63768
----------------------------------------------------------------
0 0031278229 MORTGAGORS: ROSEN MICHAEL
ROSEN DRUVA
REGION CODE ADDRESS : 269 WEST 4100 NORTH
01 CITY : PROVO
STATE/ZIP : UT 84604
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,592,700.00
P & I AMT: 11,037.70
UPB AMT: 1,590,598.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 377
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031278252 MORTGAGORS: ROCKSTROH LINDA
REGION CODE ADDRESS : 3221 IONE PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,764.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.54500
----------------------------------------------------------------
0 0031278328 MORTGAGORS: ROUNDS SUZANNE
WINTER JANE
REGION CODE ADDRESS : 100 UNDERHILL ROAD
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 604,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 603,540.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,171.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.50000
----------------------------------------------------------------
0 0031278831 MORTGAGORS: STEWART FREDERICK
STEWART LINDA
REGION CODE ADDRESS : 3746 SUSSEX DRIVE
01 CITY : MILLEDGEVILLE
STATE/ZIP : GA 31061
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031279995 MORTGAGORS: GOLDENBERG STEVEN
DIGNON JANE
REGION CODE ADDRESS : 4502 MAUREEN CIRCLE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.20630
----------------------------------------------------------------
0 0031280464 MORTGAGORS: BALLEW FRANK
BALLEW KATHLEEN ANN
REGION CODE ADDRESS : 100 PALACE DRIVE
01 CITY : DOWNINGTOWN
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,421.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.87900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,716,100.00
P & I AMT: 12,040.55
UPB AMT: 1,715,226.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 378
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031280597 MORTGAGORS: TASHJIAN AUDREY
REGION CODE ADDRESS : 132 MERCER STREET
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 340,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,565.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,471.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031280654 MORTGAGORS: ROBINSON DAVID
ROBINSON DONNA
REGION CODE ADDRESS : 11941 WEATHERBY ROAD
01 CITY : LOS ALAMITOS AREA
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031280936 MORTGAGORS: SCHIFF LAWRENCE
REGION CODE ADDRESS : 8015 STILLBROOKE ROAD
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 171,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 171,765.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,172.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031281827 MORTGAGORS: LOWRY MICHAEL
LOWRY CONSTANCE
REGION CODE ADDRESS : 920 LINCOLN CIRCLE
01 CITY : WINTER PARK
STATE/ZIP : FL 32789
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031281843 MORTGAGORS: BRESCIA JAMES
BRESCIA BARBARA
REGION CODE ADDRESS : 1935 WINGFIELD DRIVE
01 CITY : LONGWOOD
STATE/ZIP : FL 32779
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 : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,900.00
P & I AMT: 9,568.65
UPB AMT: 1,351,102.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 379
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031281959 MORTGAGORS: BROSNAN TIMOTHY
BROSMAN KAREN
REGION CODE ADDRESS : 521 GROSVENOR DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031283633 MORTGAGORS: DAVIS ALAN
DAVIS LENDA
REGION CODE ADDRESS : 2141 PIONEER AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,005.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031283682 MORTGAGORS: JOHNSON MARK
JOHNSON LIMOR
REGION CODE ADDRESS : 1063 STRADELLA ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 565,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 565,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,854.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.13000
----------------------------------------------------------------
0 0031283724 MORTGAGORS: DELLA SANTINA ROBERT
DELLA SANTINA NICOLE
REGION CODE ADDRESS : 830 KNIGHT STREET
01 CITY : SONOMA
STATE/ZIP : CA 95476
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.14900
----------------------------------------------------------------
0 0031283740 MORTGAGORS: DABIRI FAROUGH
DABIRI SALOMEH
REGION CODE ADDRESS : 28665 VIA POSATIEMPO
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,589,200.00
P & I AMT: 10,990.17
UPB AMT: 1,588,639.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 380
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031283815 MORTGAGORS: SENTHILKUMAR NADARAJAH
SENTHILKUMAR SANKARI
REGION CODE ADDRESS : 1941 MARENGO AVENUE
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031283989 MORTGAGORS: KALMAN MITCHELL
KALMAN IRIS
REGION CODE ADDRESS : 12879 WILLIAMS MEADOW COURT
01 CITY : HERNDON
STATE/ZIP : VA 20171
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0031284052 MORTGAGORS: SLOMOWITZ SCOTT
SLOMOWITZ CYNTHIA
REGION CODE ADDRESS : 33 MAPLE LANE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,580.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031284078 MORTGAGORS: NINAN RAJAN
NINAN MARIAMMA
REGION CODE ADDRESS : 14100 ROYAL FOREST LANE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.43900
----------------------------------------------------------------
0 0031284102 MORTGAGORS: SHIANG TI-WEI
CHIEN LI-YUN
REGION CODE ADDRESS : 11712 SLATESTONE COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,672.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.58900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,800.00
P & I AMT: 10,742.44
UPB AMT: 1,570,809.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 381
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031284128 MORTGAGORS: GARLANKA SUDHAKAR
GARLANKA MADHUMATHI
REGION CODE ADDRESS : 2492 SYCAMORE LAKES COVE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 249,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,869.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031284227 MORTGAGORS: BURKE MURRAY
BURKE BETH
REGION CODE ADDRESS : 11705 SLATESTONE COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,672.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.17500
----------------------------------------------------------------
0 0031284276 MORTGAGORS: STRACHAN RICHARD
STRACHAN LYNN
REGION CODE ADDRESS : 7813 MEADOWVALE TERRACE
01 CITY : LAYTONSVILLE
STATE/ZIP : MD 20882
MORTGAGE AMOUNT : 374,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,129.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,649.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031284334 MORTGAGORS: PARK DOEWON
PARK SUZANNA
REGION CODE ADDRESS : 12877 WILLIAMS MEADOW COURT
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,271.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031284854 MORTGAGORS: FLEMING MICHAEL
FLEMING BARBARA
REGION CODE ADDRESS : 4622 NORTH DITTMAN ROAD
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,561.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,575,950.00
P & I AMT: 10,777.35
UPB AMT: 1,574,504.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 382
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031284946 MORTGAGORS: LOGAN WILLIAM
LOGAN SUZANNE
REGION CODE ADDRESS : 6519 WEST KITSAP DRIVE
01 CITY : SPOKANE
STATE/ZIP : WA 99208
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,792.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0031285018 MORTGAGORS: TAHIMIC ROBERT
TAHIMIC MARICHELLE
REGION CODE ADDRESS : 6628 REMSEN COURT
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,758.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.52 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031285042 MORTGAGORS: TRAVERS ROBERT
TRAVERS CHARUSSRI
REGION CODE ADDRESS : 130 SCREENHOUSE LANE
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031285091 MORTGAGORS: EMMONS TERREL
EMMONS LE THI
REGION CODE ADDRESS : 6830 BLUECURL CIRCLE
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22152
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,383.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031285125 MORTGAGORS: MARCUS ELLIOT
GOLDENBERG KAREN
REGION CODE ADDRESS : 18717 SEVERN ROAD
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,394.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,342,900.00
P & I AMT: 8,931.86
UPB AMT: 1,341,528.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 383
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031285166 MORTGAGORS: RITZMANN WILLIAM
REGION CODE ADDRESS : 1671 LA LOMA DRIVE
01 CITY : SANTA ANA AREA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,001.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.96100
----------------------------------------------------------------
0 0031285174 MORTGAGORS: DECASTRO RAMEL
DECASTRO HOWARD
REGION CODE ADDRESS : 3719 PLUM GLEN COURT
01 CITY : HOUSTON
STATE/ZIP : TX 77059
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,728.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031285257 MORTGAGORS: HAMMILL DANIEL
HAMMILL LYNN
REGION CODE ADDRESS : 21041 BURMA ROAD NORTH
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,824.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.63600
----------------------------------------------------------------
0 0031285315 MORTGAGORS: GAMBACORTA FRANCIS
GAMBACORTA SANDRA
REGION CODE ADDRESS : 111 COMMODORE LANE
01 CITY : SMITHFIELD
STATE/ZIP : VA 23430
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,560.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031285463 MORTGAGORS: KIM EARL
KIM KATHRYN
REGION CODE ADDRESS : 114 WOOTTON ROAD
01 CITY : ESSEX FELLS
STATE/ZIP : NJ 07021
MORTGAGE AMOUNT : 230,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,632.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,309,450.00
P & I AMT: 8,889.92
UPB AMT: 1,307,746.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 384
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031285489 MORTGAGORS: PARKINGTON ROBERT
PARKINGTON SANDRA
REGION CODE ADDRESS : 11679 ASPEN VIEW DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 253,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,436.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.30 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.98800
----------------------------------------------------------------
0 0031285497 MORTGAGORS: ZALES RICHARD
ZALES CHERYL
REGION CODE ADDRESS : 30358 VIA CUESTA ARRIBA
01 CITY : BONSALL
STATE/ZIP : CA 92003
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,768.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 43.65000
----------------------------------------------------------------
0 0031285539 MORTGAGORS: LEFFEN JOHN
LEFFEN HILDEGARDE
REGION CODE ADDRESS : 5932 HORN'S POINT ROAD
01 CITY : CAMBRIDGE
STATE/ZIP : MD 21613
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,284.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,539.30 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 75.75700
----------------------------------------------------------------
0 0031285679 MORTGAGORS: DAFT MICHAEL
DAFT JANICE
REGION CODE ADDRESS : 5421 SANDY POINT LANE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,827.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.52400
----------------------------------------------------------------
0 0031285729 MORTGAGORS: HILYER JAMES
HILYER FIONA
REGION CODE ADDRESS : 11 SONGBIRD ROAD
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,306.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,252,150.00
P & I AMT: 8,263.50
UPB AMT: 1,250,625.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 385
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031285752 MORTGAGORS: ELLIOTT DANIEL
ELLIOTT TERESA
REGION CODE ADDRESS : 912 WARWICKSHIRE COURT
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,724.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.27900
----------------------------------------------------------------
0 0031285778 MORTGAGORS: STONE RANDEL
STONE GAIL
REGION CODE ADDRESS : 8650 LOCUST GROVE DRIVE
01 CITY : PORT TOBACCO
STATE/ZIP : MD 20677
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,850.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031285802 MORTGAGORS: GERBER MICHAEL
BRANDT BARBARA
REGION CODE ADDRESS : 777 WILDWOOD RD.
01 CITY : ATLANTA
STATE/ZIP : GA 30324
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031285844 MORTGAGORS: BURKE DAVID
BURKE MARGARET
REGION CODE ADDRESS : 17511 HAWKIN LANE
01 CITY : TOMBALL
STATE/ZIP : TX 77375
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,773.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 61.78400
----------------------------------------------------------------
0 0031285877 MORTGAGORS: HEARD JOHN
HEARD KIMBERLY
REGION CODE ADDRESS : 109 HUNTERS COVE ROAD
01 CITY : MEAD
STATE/ZIP : CO 80542
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,793.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,404,500.00
P & I AMT: 9,343.39
UPB AMT: 1,403,141.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 386
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031285968 MORTGAGORS: LEWIS LAWRENCE
LEWIS ALETHEA
REGION CODE ADDRESS : 9615 SAVANNAH CROSSING COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,487.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.07 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031289473 MORTGAGORS: MITCHELL CLYDE
REGION CODE ADDRESS : 495 WINDING ROSE DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 264,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,408.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031290471 MORTGAGORS: BAKER EDWIN
BAKER JEAN
REGION CODE ADDRESS : 8161 PINE LAKE ROAD
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32256
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,995.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,597.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031290919 MORTGAGORS: MCWEY RUSSELL
MCWEY PATRICIA
REGION CODE ADDRESS : 12791 OWLSLEY WAY
01 CITY : OAK HILL
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 434,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,393.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,892.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031291024 MORTGAGORS: HARDY KAREN
HARDY JAMES
REGION CODE ADDRESS : 4135 N 52ND ST
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
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 : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,550.00
P & I AMT: 10,355.86
UPB AMT: 1,545,039.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 387
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031291198 MORTGAGORS: PETERS ANDREW
PETERS MARY
REGION CODE ADDRESS : 11 KINGSLEY COURT
01 CITY : STAFFORD
STATE/ZIP : VA 22554
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,284.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.89200
----------------------------------------------------------------
0 0031291230 MORTGAGORS: EISENSON HENRY
EISENSON ESTHER
REGION CODE ADDRESS : 6106 VIA REGLA
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031291255 MORTGAGORS: GEORGE JOHN
MICHAL DIANE
REGION CODE ADDRESS : 7 MICHELLE COURT
01 CITY : TROPHY CLUB
STATE/ZIP : TX 76262
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,246.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,552.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031291321 MORTGAGORS: SMOUT ROBERT
SMOUT CHERYL
REGION CODE ADDRESS : 17 NORTH GREENBRIER STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22203
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,572.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.51000
----------------------------------------------------------------
0 0031291370 MORTGAGORS: MC KEEBY JEFFREY
LEE WENDY
REGION CODE ADDRESS : 10320 YEARLING DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 337,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,092.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,422,700.00
P & I AMT: 9,418.28
UPB AMT: 1,420,195.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 388
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031291420 MORTGAGORS: PEARSON CONRAD
PEARSON KATHRYN
REGION CODE ADDRESS : 7460 SEDWICK COURT
01 CITY : ST LEONARD
STATE/ZIP : MD 20685
MORTGAGE AMOUNT : 386,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,083.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,570.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031291925 MORTGAGORS: HOWARD CLAUDIA
REGION CODE ADDRESS : 6513 WAVING TREE COURT
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 279,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.91400
----------------------------------------------------------------
0 0031292469 MORTGAGORS: MARTIN RAYMOND
MARTIN KAREN
REGION CODE ADDRESS : 39 DEERFIELD DRIVE
01 CITY : EASTON
STATE/ZIP : CT 06612
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 : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0031292675 MORTGAGORS: CHITLIK DAVID
CHITLIK ROXY
REGION CODE ADDRESS : 4617 KIRKLAND PLACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22311
MORTGAGE AMOUNT : 304,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,256.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.98700
----------------------------------------------------------------
0 0031292725 MORTGAGORS: SWIFT PATRICK
SWIFT ROBIN
REGION CODE ADDRESS : 10414 E BEECHNUT DR
01 CITY : CHANDLER
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 231,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,532.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,650.00
P & I AMT: 10,150.00
UPB AMT: 1,460,733.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/98
P.O. BOX 5260 TMS AG0004980430 00 01 04
PAGE: 389
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031301823 MORTGAGORS: NELSON ROGER
REGION CODE ADDRESS : 4312 NORTH 68TH PLACE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85251
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,403.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,779.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.26100
----------------------------------------------------------------
0 0031302250 MORTGAGORS: DRISCOLL DENIS
DRISCOLL JESSICA
REGION CODE ADDRESS : 5 ALPINE DRIVE
01 CITY : DENVILLE
STATE/ZIP : NJ 07834
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,795.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.80600
----------------------------------------------------------------
0 0031302599 MORTGAGORS: ENDERLE FRANK
ENDERLE SUSAN
REGION CODE ADDRESS : 4 STRATFORD GARDEN COURT
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 226,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,826.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,487.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0856179619 MORTGAGORS: LENWAY TIMOTHY
LENWAY PAULA
REGION CODE ADDRESS : 1528 8TH AVENUE
00 CITY : ROCKFORD
STATE/ZIP : IL 61104
MORTGAGE AMOUNT : 37,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 33,398.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 263.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.97613
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 4
LOAN AMT: 803,700.00
P & I AMT: 5,526.21
UPB AMT: 798,424.19
0 TOTAL NUM OF LOANS: 1944
LOAN AMT: 602,154,903.00
P & I AMT: 4,237,028.02
UPB AMT: 601,414,122.68
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
_____________, _________
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-4
Pursuant to the Pooling and Servicing Agreement dated
as of February 1, 1998 (the "Agreement") between GE Capital
Mortgage Services, Inc. (the "Company"), and State Street Bank
and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly
Payments:
(a) Principal $________
(b) Interest $________
(c) Total $________
(2) Aggregate Monthly Payments
received and Monthly
Advances made this Month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(3) Aggregate Principal Prepayments
in part received and applied
in the applicable Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
<PAGE>
(4) Aggregate Principal Prepayments
in full received in
the applicable Prepayment
Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(5) Aggregate Insurance Proceeds (including
purchases of Mortgage Loans by primary mortgage
insurers) for
prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(7) Aggregate Purchase Prices for
Defaulted and Modified
Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(8) Aggregate Purchase Prices (and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(9) Pool Scheduled Principal
Balance: $________
(10) Available Funds: $________
(11) Realized Losses for
prior month: $________
<PAGE>
(12) Aggregate Realized
Losses and Debt
Service Reductions:
(a) Deficient Valuations $________
(b) Special Hazard
Losses $________
(c) Fraud Losses $________
(d) Excess Bankruptcy
Losses $________
(e) Excess Special
Hazard Losses $________
(f) Excess Fraud
Losses $________
(g) Debt Service
Reductions $________
(13) Compensating Interest Payment: $________
(14) Accrued Certificate Interest,
Unpaid Class Interest Shortfalls
and Pay-out Rate:
Class A1 $__________ $__________ ____%
Class A2 $__________ $__________ ____%
Class A3 $__________ $__________ ____%
Class A4 $__________ $__________ ____%
Class A5 $__________ $__________ ____%
Class A6 $__________ $__________ ____%
Class A7 $__________ $__________ ____%
Class A8 $__________ $__________ ____%
Class M $__________ $__________ ____%
Class B1 $__________ $__________ ____%
Class B2 $__________ $__________ ____%
Class B3 $__________ $__________ ____%
Class B4 $__________ $__________ ____%
Class B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
(15) Principal distributable:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
<PAGE>
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(16) Additional distributions to
the Class R Certificate
pursuant to Section 4.01(b): $_____________
(17) Distributions Allocable to
Unanticipated Recoveries:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(18) Certificate Interest Rate of:
Class A3 Certificates ______%
Class A4 Certificates ______%
Class A6 Certificates ______%
Class A7 Certificates ______%
B. Other Amounts:
1. Senior Percentage for such
Distribution Date: _____________%
2. Senior Prepayment Percentage
for such Distribution Date: _____________%
3. Junior Percentage
for such Distribution Date: _____________%
4. Junior Prepayment Percentage
for such Distribution Date: _____________%
5. Class A8 Percentage: _____________%
<PAGE>
6. Class A8 Prepayment
Distribution Percentage: _____________%
7. Class A8 Scheduled
Distribution Percentage: _____________%
8. Subordinate Certificate
Writedown Amount for
such Distribution Date: $_____________
9. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class B1 --- ---
Class B2 --- ---
Class B3 --- ---
Class B4 --- ---
Class B5 --- ---
10. Base Servicing Fee: $___________
11. Supplemental Servicing Fee: $____________
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[NAME OF OFFICER] ______________________ hereby certifies
that:
1. That he [she] is [title of officer] _________________ of
[name of Investor] _______________________________________ (the
"Investor"), a ________________________ [description of type of
entity] duly organized and existing under the laws of the [State
of ____________] [United States], on behalf of which he [she]
makes this affidavit.
2. The Investor (i) is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between
State Street Bank and Trust Company, as Trustee and GE Capital
Mortgage Services, Inc., dated as of February 1, 1998, no
transfer of any ERISA-Restricted Certificate shall be permitted
to be made to any person unless the Trustee has received (i) a
certificate from such transferee to the effect that (x) such
transferee is not an employee benefit plan subject to ERISA or a
plan subject to Section 4975 of the Code (a "Plan") and is not
using the assets of any such employee benefit or other plan to
acquire any such Certificate or (y) such transferee is an
insurance company investing assets of its general account and the
Exemptions apply to such transferee's acquisition and holding of
any such Certificate or (ii) an opinion of counsel satisfactory
to the Trustee to the effect that the purchase and holding of any
such Certificate will not constitute or result in the assets of
the Trust Fund created by the Agreement being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 of the Code and will not subject the
<PAGE>
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of any such Certificate by a Plan or a
Person that is purchasing or holding any such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ______________________________________________ as
nominee for the Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
______________________________
[name of Investor]
By:___________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the ERISA-Restricted Certificates at the exclusive
direction of and as nominee of the Investor named above.
_______________________________
[name of nominee]
By:____________________________
Name:
Title:
<PAGE>
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly
sworn, deposes and says:
1. That he [she] is [title of officer] ___________
_____________ of [name of Purchaser] ________________________
_________________ (the "Purchaser"), a _______________________
[description of type of entity] duly organized and existing under
the laws of the [State of __________] [United States], on behalf
of which he [she] makes this affidavit.
2. That the Purchaser's Taxpayer Identification
Number is [ ].
3. That the Purchaser is not a "disqualified
organization" within the meaning of Section 860E(e)(5) of the
Internal Revenue Code of 1986, as amended (the "Code") and will
not be a "disqualified organization" as of [date of transfer],
and that the Purchaser is not acquiring a Residual Certificate
(as defined below) for the account of, or as agent (including a
broker, nominee, or other middleman) for, any person or entity
from which it has not received an affidavit substantially in the
form of this affidavit. For these purposes, a "disqualified
organization" means the United States, any state or political
subdivision thereof, any foreign government, any international
organization, any agency or instrumentality of any of the
foregoing (other than an instrumentality if all of its activities
are subject to tax and a majority of its board of directors is
not selected by such governmental entity), any cooperative
organization furnishing electric energy or providing telephone
service to persons in rural areas as described in Code Section
1381(a)(2)(C), or any organization (other than a farmers'
cooperative described in Code Section 521) that is exempt from
federal income tax unless such organization is subject to the tax
on unrelated business income imposed by Code Section 511. As used
herein, "Residual Certificate" means any Certificate designated
as a "Class R Certificate" of GE Capital Mortgage Services,
Inc.'s REMIC Multi-Class Pass-Through Certificates, Series
1998-4.
4. That the Purchaser is not, and on __________
[insert date of transfer of Residual Certificate to Purchaser]
will not be, and is not and on such date will not be investing
<PAGE>
the assets of, an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or
a plan subject to Code Section 4975 or a person or entity that is
using the assets of any employee benefit plan or other plan to
acquire a Residual Certificate.
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between State Street Bank and Trust Company, as
Trustee, and GE Capital Mortgage Services, Inc., dated as of
February 1, 1998, no transfer of the Residual Certificates shall
be permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
<PAGE>
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of
the Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
Trust Fund, as applicable, pursuant to the Pooling and Servicing
Agreement.
<PAGE>
IN WITNESS WHEREOF, the Purchaser has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] this _____ day
of __________, 19__.
___________________________________
[name of Purchaser]
By:______________________________
Name:
Title:
Personally appeared before me the above-named [name of
officer] ________________, known or proved to me to be the same
person who executed the foregoing instrument and to be the [title
of officer] _________________ of the Purchaser, and acknowledged
to me that he [she] executed the same as his [her] free act and
deed and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of
__________, 19__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
<PAGE>
EXHIBIT G
[LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE]
___________________
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass-Through
Certificates, Series 1998-4
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 1998-4
__________________________________
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 February 1, 1998 (the "Agreement"),
no transfer of a Restricted Certificate may be made unless such
transfer is exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"), and
any applicable state securities laws, or is made in accordance
with the Securities Act and such laws.
3. The Investor understands that (a) the Restricted
Certificates have not been and will not be registered or
qualified under the Securities Act, or the securities laws of any
state, (b) neither the Company nor the Trustee is required, and
neither intends, to so register or qualify the Restricted
Certificates, (c) the Restricted Certificates cannot be resold
unless (i) they are registered and qualified under the Securities
Act and the applicable state securities laws or (ii) such sale is
exempt from the requirements of the Securities Act, (d) the
Agreement contains restrictions regarding the transfer of the
Restricted Certificates and (e) the Restricted Certificates will
bear a legend to the foregoing effect.
<PAGE>
4. The Investor is acquiring the Restricted Certificates
for its own account for investment only and not with a view to or
for sale or other transfer in connection with any distribution of
the Restricted Certificates in any manner that would violate the
Securities Act or any applicable state securities laws.
5. The investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
<PAGE>
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of _____________________________ as nominee for the
Investor.]
IN WITNESS WHEREOF, the Investor has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] _____________
this _____ day of __________, 19__.
_________________________________
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the Restricted Certificates at the exclusive direction
of and as nominee of the Investor named above.
_____________________________
[name of nominee]
By:__________________________
Name:
Title:
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
_______________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-4
Pursuant to the Pooling and Servicing Agreement dated
as of February 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 A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(2) Aggregate principal prepayments
included in distribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
<PAGE>
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
(3) Amount of distribution allocable
to interest; Pay-out Rate:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class A8 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
(4) Amount of distribution
allocable to Unanticipated
Recoveries:
Class A1 $__________ ____%
Class A2 $__________ ____%
Class A3 $__________ ____%
Class A4 $__________ ____%
Class A5 $__________ ____%
Class A6 $__________ ____%
Class A7 $__________ ____%
Class A8 $__________ ____%
Class PO $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
2
<PAGE>
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
(5) Servicing Compensation: $__________
The amounts below are for the aggregate of all
Certificates:
(6) Pool Scheduled Principal
Balance; number of
Mortgage Loans: $__________ __________
(7) Class Certificate Principal
Balance (or Notional Principal
Balance) of each Class; Certificate
Principal Balance (or Notional
Principal Balance) of Single
Certificate of each Class:
Single
Certificate
Class Balance Balance
----- ------- -----------
Class A1 $__________ $__________
Class A2 $__________ $__________
Class A3 $__________ $__________
Class A4 $__________ $__________
Class A5 $__________ $__________
Class A6 $__________ $__________
Class A7 $__________ $__________
Class A8 $__________ $__________
Class PO $__________ $__________
Class M $__________ $__________
Class B1 $__________ $__________
Class B2 $__________ $__________
Class B3 $__________ $__________
Class B4 $__________ $__________
Class B5 $__________ $__________
Class R $__________ $__________
(8) Book value of real
estate acquired
on behalf of
Certificate-holders;
number of related
Mortgage Loans:
$__________ ___________
3
<PAGE>
(9) Aggregate Scheduled Principal
Balance and number
of delinquent Mortgage
Loans:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans: $__________ __________
(11) Aggregate Scheduled
Principal Balance and
number of modified
Mortgage Loans: $__________ __________
(12) Certificate Interest Rate of
Class A3 Certificates __________%
Class A4 Certificates __________%
Class A6 Certificates __________%
Class A7 Certificates __________%
(13) Senior Percentage for such
Distribution Date: __________%
(14) Senior Prepayment Percentage
for such Distribution Date: __________%
(15) Class A8 Percentage
for such Distribution Date: __________%
(16) Class A8 Prepayment Distribution
Percentage for such Distribution
Date: __________%
(17) Class A8 Scheduled Distribution
Percentage for such Distribution
Date: __________%
(18) Junior Percentage for
such Distribution Date: __________%
(19) Junior Prepayment Percentage
for such Distribution Date: __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
4
<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class B_ (the "Class B_
Certificates"). The Class B_ Certificates were issued pursuant to
a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof
intends to resell all of the Class B_ Certificates directly to
the Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have
agreed that the Company, as Servicer, will engage in certain
special servicing procedures relating to foreclosures for the
benefit of the Purchaser, and that the Purchaser will deposit
funds in a collateral fund to cover any losses attributable to
such procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class B5 (the "Class B5 Certificates") has been
reduced to zero, and any Special Servicing and Collateral Fund
Agreement in respect of such Class between the Company and the
Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class B_ Certificates.
<PAGE>
ARTICLE I
DEFINITIONS
Section 1.01. Defined Terms. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Business Day: Any day other than (i) a Saturday or a Sunday
of (ii) a day on which banking institutions in New York City or
Boston, Massachusetts are required or authorized by law or
executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
2
<PAGE>
either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as to
which the Purchaser has made an Election to Delay Foreclosure, an
appraisal of the related Mortgaged Property obtained by the
Purchaser as nearly contemporaneously as practicable to the time
of the Purchaser's election, prepared based on the Company's
customary requirements for such appraisals.
Election to Delay Foreclosure: Any election by the
Purchaser to delay the Commencement of Foreclosure, made in
accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section
2.03(d).
Section 1.02. Definitions Incorporated by Reference. All
capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing
Agreement.
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ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each Distribution
Date (or included in or with the monthly statements to
Certificateholders pursuant to the Pooling and Servicing
Agreement), the Company, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund the number of Mortgage Loans that are
(A) thirty days, (B) sixty days, (C) ninety days or more
delinquent or (D) in foreclosure, and indicating for each
such Mortgage Loan the loan number and outstanding
principal balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall
provide the Purchaser with a notice (sent by facsimile
transmission) of such proposed and imminent foreclosure,
stating the loan number and the aggregate amount owing
under the Mortgage Loan. Such notice may be provided to the
Purchaser in the form of a copy of a referral letter from
the Company to an attorney requesting the institution of
foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has
been approved by the Company.
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is non-
confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
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<PAGE>
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is non-
confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company
that in the event that the Company does not receive written
notice of the Purchaser's election pursuant to subsection (b)
below within 24 hours (exclusive of any intervening non-Business
Days) of transmission of the notice provided by the Company under
Section 2.01(a)(ii) subject to extension as set forth in Section
2.02(b), the Company may proceed with the Commencement of
Foreclosure in respect of such Mortgage Loan in accordance with
its normal foreclosure policies without further notice to the
Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage
Loan has been brought current or if a refinancing or prepayment
occurs with respect to the Mortgage Loan (including by means of a
short payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
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<PAGE>
deed-in-lieu of foreclosure or short payoff, the Purchaser will
be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to
Delay Foreclosure, the Purchaser shall remit by wire transfer to
the Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan as the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
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<PAGE>
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) shall be released to
the Purchaser.
(f) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
shall continue to service the Mortgage Loan in accordance with
its customary procedures (other than the delay in Commencement of
Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, in any event, if
the Mortgage Loan is not brought current by the mortgagor by the
time the loan becomes 6 months delinquent, the Purchaser's
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Delay Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
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<PAGE>
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03. Purchaser's Election to Commence Foreclosure
Proceedings.
(a) In connection with any Mortgage Loan identified in a
report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m.,
New York City time, on the third Business Day following the
delivery of such report under Section 2.01(a)(i).
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the
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Company believes there is a breach of representations or
warranties by the Company, which may result in a repurchase or
substitution of such Mortgage Loan, or (iii) the Company has or
expects to have the right under the Pooling and Servicing
Agreement to purchase the defaulted Mortgage Loan and intends to
exercise such right or (iv) the Company reasonably believes the
Mortgaged Property may be contaminated with or affected by
hazardous wastes or hazardous substances (and the Company
supplies the Purchaser with information supporting such belief)
or (v) the same is prohibited by or is otherwise inconsistent
with the provisions of the Pooling and Servicing Agreement. Any
foreclosure that has been initiated may be discontinued (i)
without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with
respect to the Mortgage Loan (including by means of a short
payoff approved by the Purchaser) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement unless instructed otherwise by the Purchaser within two
Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application as additional Liquidation Proceeds pursuant
to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) above and after reimbursement to the Servicer for
all related Monthly Advances) in respect of such Mortgage Loan
shall be released to the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the
Trust Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class B_ Certificates has been reduced
to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the Company's actual
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loss experience with respect to the Mortgage Loans in the related
pool) of the aggregate principal balance of all Mortgage Loans
that are in foreclosure or are more than 90 days delinquent on a
contractual basis and the aggregate book value of REO properties
or (y) the aggregate amount that the Company estimates through
its normal servicing practices will be required to be withdrawn
from the Collateral Fund with respect to Mortgage Loans as to
which the Purchaser has made an Election to Delay Foreclosure or
an Election to Foreclose exceeds (z) the then-current Class
Certificate Principal Balance of the Class B_ Certificates, or
(iii) upon any transfer by the Purchaser of any interest (other
than the minority interest therein, but only if the transferee
provides written acknowledgment to the Company of the Purchaser's
right hereunder and that such transferee will have no rights
hereunder) in the Class B_ Certificates [or in the Class B5
Certificates] (whether or not such transfer is registered under
the Pooling and Servicing Agreement), including any such transfer
in connection with a termination of the Trust Fund. Unless
earlier terminated as set forth herein, this Agreement and the
respective rights, obligations and responsibilities of the
Purchaser and the Company hereunder shall terminate immediately
upon (x) the later to occur of (i) the final liquidation of the
last Mortgage Loan as to which the Purchaser made any Election to
Delay Foreclosure or any Election to Foreclose and the withdrawal
of all remaining amounts in the Collateral Fund as provided
herein and (ii) ten (10) Business Days' notice or (y) the
occurrence of any event that results in the Purchaser becoming an
"affiliate" of the Trustee within the meaning of the Prohibited
Transaction Exemption (as defined in the Pooling and Servicing
Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall promptly
notify the Trustee and the Company if such Purchaser becomes
aware of any discussions, plans or events that might lead to such
Person's becoming an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of the Trustee, provided that
the contents of any such notification shall be kept confidential
by the parties to this Agreement.
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ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 199_-__ Collateral Fund, for the benefit of GE
Capital Mortgage Services, Inc. and State Street Bank and Trust
Company on behalf of Certificateholders, as secured parties" (the
"Collateral Fund"). Amounts held in the Collateral Fund shall
continue to be the property of the Purchaser, subject to the
first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the liquidation
of all Mortgage Loans as to which the Purchaser has made any
Election to Delay Foreclosure or any Election to Foreclose
pursuant to Section 2.04 hereof, the Company shall distribute to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as well as
any interest earned on deposits in the Collateral Fund (net of
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<PAGE>
any losses on such investments) and any payments of principal
made in respect of any Collateral Fund Permitted Investment shall
be deposited in the Collateral Fund upon receipt. All costs and
realized losses associated with the purchase and sale of
Collateral Fund Permitted Investments shall be borne by the
Purchaser and the amount of net realized losses shall be promptly
deposited by the Purchaser in the Collateral Fund. The Company
shall periodically (but not more frequently than monthly) direct
the Trustee to distribute to the Purchaser upon request an amount
of cash, to the extent cash is available therefor in the
Collateral Fund, equal to the amount by which the balance of the
Collateral Fund, after giving effect to all other distributions
to be made from the Collateral Fund on such date, exceeds the
Required Collateral Fund Balance. Any amounts so distributed
shall be released from the lien and security interest of this
Agreement.
Section 3.03. Grant of Security Interest. In order to
secure the obligations of the Purchaser hereunder to the Company
and the Trustee for the benefit of Certificateholders (other than
its obligations under Section 4.10), the Purchaser hereby grants
to the Company and to the Trustee for the benefit of the
Certificateholders a security interest in and lien on all of the
Purchaser's right, title and interest, whether now owned or
hereafter acquired, in and to: (1) the Collateral Fund, (2) all
amounts deposited in the Collateral Fund and Collateral Fund
Permitted Investments in which such amounts are invested (and the
distributions and proceeds of such investments) and (3) all cash
and non-cash proceeds of any of the foregoing, including proceeds
of the voluntary or involuntary conversion thereof (all of the
foregoing collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Certificateholders. The Purchaser shall
take all actions requested by the Company or the Trustee as may
be reasonably necessary to perfect the security interest created
under this Agreement in the Collateral and cause it to be prior
to all other security interests and liens, including the
execution and delivery to the Company or at its direction the
Trustee for filing of appropriate financing statements in
accordance with applicable law.
Section 3.04. Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall
constitute a general corporate obligation of the Purchaser. The
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failure to pay such amounts within two Business Days of such
demand (except for amounts to cover interest on a Mortgage Loan
pursuant to Sections 2.02(d) and 2.03(b)), shall cause an
immediate termination of the Purchaser's right to make any
Election to Delay Foreclosure or Election to Foreclose and the
Company's obligations under this Agreement with respect to all
Mortgage Loans to which such insufficiencies relate, without the
necessity of any further notice or demand on the part of the
Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
Section 4.02. Counterparts. This Agreement may be executed
simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 4.03. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04. Notices. All demands, notices and direction
hereunder shall be in writing or by telecopy and shall be deemed
effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
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Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
--------------------------------
--------------------------------
--------------------------------
Attention:----------------------
Telephone:----------------------
Facsimile:----------------------
with respect to all other notices pursuant to this
Agreement,
--------------------------------
--------------------------------
--------------------------------
Attention:----------------------
Telephone:----------------------
Facsimile:----------------------
or such other address as may hereafter be furnished in writing by
the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
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Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. Article and Section Headings. The article
and section headings herein are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that
all information supplied by or on behalf of the Company pursuant
to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class B5 Certificates has been reduced
to zero and any Special Servicing and Collateral Fund Agreement
between the Company and the Purchaser relating to such Class B5
Certificates has been terminated.]
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IN WITNESS WHEREOF, the Company and the Purchaser have
caused their names to be signed hereto by their respective
officers thereunto duly authorized, all as of the day and year
first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:------------------------------
Name:
Title:
[PURCHASER]
By:------------------------------
Name:
Title:
Acknowledged and agreed to:
STATE STREET BANK AND TRUST COMPANY
By:-----------------------------
Name:
Title:
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EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
I, _________________________________________, being
duly sworn, do hereby state under oath that:
1. I am a duly elected ______________________ of GE
Capital Mortgage Services, Inc. (the "Company") and am duly
authorized to make this affidavit.
2. This affidavit is being delivered in connection
with the transfer of the Mortgage Loan described in
Paragraph 3 hereof by the Company pursuant to the Pooling
and Servicing Agreement dated as of [date] between the
Company, Seller and Servicer, and State Street Bank and
Trust Company, Trustee, relating to the Company's REMIC
Multi-Class Pass-Through Certificates, Series [____]
("Agreement"). Such Mortgage Loan constitutes a Designated
Loan.
3. The Company is the payee under the following
described Mortgage Note ("Mortgage Note") which evidences
the obligation of the borrower(s) to repay the Mortgage
Loan:
Loan Number: __________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
________________________________________________
4. The Company is the lawful owner of the Mortgage
Note and has not cancelled, altered, assigned or hypothecated the
Mortgage Note.
5. A thorough and diligent search for the executed
original Mortgage Note was undertaken and was unsuccessful.
<PAGE>
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
8. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, the Company
hereby confirms and agrees that in the event the inability to
produce the executed original Mortgage Note results in a breach
of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the
lien created by the Mortgage Loan) or (x) (no valid offset,
defense or counterclaim to any Mortgage Note or Mortgage), the
Company shall repurchase the Mortgage Loan at the Purchase Price
and otherwise in accordance with Section 2.03(b) of the
Agreement. In addition, the Company covenants and agrees to
indemnify the Trustee and the Trust Fund from and hold them
harmless against any and all losses, liabilities, damages, claims
or expenses (other than those resulting from negligence or bad
faith of the Trustee) arising from the Company's failure to have
delivered the Mortgage Note to the Trustee, including without
limitation any such losses, liabilities, damages, claims or
expenses arising from any action to enforce the indebtedness
evidenced by the Mortgage Note or any claim by any third party
who is the holder of such indebtedness by virtue of possession of
the Mortgage Note.
9. In the event that the Company locates the executed
original Mortgage Note, it shall promptly provide the Mortgage
Note to the Trustee.
10. Capitalized terms not otherwise defined herein
shall have the meanings given them in the Agreement.
Date: _______________________
______________________________
(signature)
______________________________
(print name)
______________________________
(print title)
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]
3
<PAGE>
EXHIBIT M
SCHEDULE OF DESIGNATED LOANS
<PAGE>
EXHIBIT N
SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS
[None]
