SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported) November 25, 1998
-------------------
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of November 1, 1998,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1998-21)
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
----------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including area code (609) 661-6100
--------------
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
General.
On November 25, 1998, GE Capital Mortgage Services, Inc.
("GECMSI") offered to investors certain classes of its REMIC
Multi-Class Pass-Through Certificates, Series 1998-21 (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 1998-21") of conventional,
one- to four-family residential loans (the "Mortgage Loans").
Capitalized terms used herein and not otherwise defined shall
have the meanings assigned to them in the Prospectus dated
October 22, 1998 as supplemented by the Prospectus Supplement
dated November 20, 1998.
The original principal balance of each Class of the Certificates
is as follows:
Class A1 $334,182,000.00
Class A2 $854,000.00
Class A3 $50,066,432.00
Class A4 $1,500,000.00
Class A5 $5,729,387.00
Class A6 $1,583,333.00
Class A7 $527,778.00
Class A8 $4,854,400.00
Class A9 $263,889.00
Class A10 $11,630,769.00
Class A11 $465,231.00
Class A12 $76,250,000.00
Class A13 $12,757,000.00
Class R $100.00
Class M $10,181,000.00
Class B1 $4,176,000.00
Class B2 $2,349,000.00
Class B3 $2,088,000.00
Class B2 $1,044,000.00
Class B5 1,568,210.59
Class PO 32,152.72
---------------
Total : $522,102,682.31
The initial Junior Percentage and initial Senior Percentage for
Pool 1998-21 are approximately 4.10% and 95.90%, respectively.
The "Bankruptcy Loss Amount," the "Fraud Loss Amount" and the
"Special Hazard Loss Amount" for Pool 1998-21 as of the initial
issuance of the Certificates are $192,551.00, $5,221,027.00 and
$5,221,027.00, respectively, representing approximately 0.0400%,
1.0000%, and 1.0000%, respectively, of the aggregate Scheduled
Principal Balances of the Mortgage Loans as of November 1, 1998
(the "Cut-off Date").
2
<PAGE>
Description of the Mortgage Pool and the Mortgaged Properties
Pool 1998-21
Pool 1998-21 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
$522,102,682.31.
The interest rates (the "Mortgage Rates") borne by the 1,579
Mortgage Loans conveyed by GECMSI to Pool 1998-21 range from
6.2500% to 8.6250% and the weighted average Mortgage Rate as of
the Cut-off Date is 7.2763% 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 1998-21 ranged
from $227,200.00 to $1,299,000.00, and, as of the Cut-off Date,
the average outstanding Scheduled Principal Balance of the
Mortgage Loans in Pool 1998-21 is $330,654.01, after application
of principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Mortgage Loan in Pool 1998-21 is November
4, 1994, and the latest scheduled maturity date of any such
Mortgage Loan is November 1, 2028. The weighted average
loan-to-value ratio of the Mortgage Loans as of the Cut-off Date
in Pool 1998-21 is 75.3825%.
3
<PAGE>
The Mortgage Loans in Pool 1998-21 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 1998-21:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.2500% 2 $883,887.59 0.1693%
6.3750% 1 $268,577.86 0.0514%
6.5000% 2 $701,732.40 0.1344%
6.6250% 18 $6,033,884.76 1.1557%
6.7500% 35 $11,994,286.23 2.2973%
6.8750% 101 $33,926,838.80 6.4981%
7.0000% 155 $51,739,436.81 9.9098%
7.1250% 261 $84,877,792.80 16.2570%
7.2500% 324 $108,023,779.30 20.6902%
7.3750% 273 $90,980,262.71 17.4258%
7.5000% 172 $56,198,190.59 10.7638%
7.6250% 125 $41,000,143.19 7.8529%
7.7500% 65 $20,733,935.30 3.9712%
7.8750% 35 $11,370,938.37 2.1779%
8.0000% 4 $1,645,333.77 0.3151%
8.1250% 1 $331,782.82 0.0635%
8.2500% 1 $257,000.00 0.0492%
8.3750% 2 $608,180.91 0.1165%
8.5000% 1 $280,000.00 0.0536%
8.6250% 1 $246,698.10 0.0473%
----- --------------- ---------
Total 1,579 $522,102,682.31 100.0000%
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 1998-21 :
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$227,151 - 250,000 185 $45,197,121.22 8.6567%
$250,001 - 300,000 641 $176,241,649.59 33.7562%
$300,001 - 350,000 304 $98,648,307.91 18.8944%
$350,001 - 400,000 197 $73,996,160.24 14.1727%
$400,001 - 450,000 98 $41,794,849.55 8.0051%
$450,001 - 600,000 110 $55,780,434.74 10.6838%
$600,001 - 650,000 33 $20,926,300.90 4.0081%
$650,001 - 1,000,000 + 11 $9,517,858.16 1.8230%
----- --------------- ---------
Total 1,579 $522,102,682.31 100.0000%
The largest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1998-21 is
$1,297,986.66.
The smallest outstanding Scheduled Principal Balance of any
Mortgage Loan, as of the Cut-off Date, in Pool 1998-21 is
$226,535.93.
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 1998-21:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
- ----------- ----- ------------ ---------
1994 1 $268,188.59 0.0514%
1995 1 $263,799.12 0.0505%
1997 4 $1,293,661.83 0.2478%
1998 1,573 $520,277,032.77 99.6503%
----- --------------- ---------
Total 1,579 $522,102,682.31 100.0000%
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 1998-21:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 45 $17,569,896.07 3.3652%
50.001 - 60.00 74 $26,942,342.66 5.1604%
60.001 - 70.00 214 $78,652,094.26 15.0645%
70.001 - 75.00 227 $78,019,897.29 14.9434%
75.001 - 80.00 786 $253,960,260.66 48.6418%
80.001 - 85.00 27 $8,073,064.30 1.5463%
85.001 - 90.00 129 $38,147,689.72 7.3065%
90.001 - 95.00 77 $20,737,437.35 3.9719%
----- --------------- ---------
Total 1,579 $522,102,682.31 100.0000%
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 1998-21:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 1,507 $498,490,563.54 95.4775%
Single-family
attached 24 $7,841,196.77 1.5018%
Condominium 34 $10,468,991.88 2.0052%
2 - 4 Family Units 10 $3,852,247.45 0.7378%
Co-op 4 $1,449,682.67 0.2777%
----- --------------- ---------
Total 1,579 $522,102,682.31 100.0000%
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 1998-21:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 1,547 $512,009,917.93 98.0669%
Vacation 25 $7,860,662.16 1.5056%
Investment 7 $2,232,102.22 0.4275%
----- --------------- ---------
Total 1,579 $522,102,682.31 100.0000%
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
1998-21:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 5 $1,468,675.91 0.2813%
Arizona 42 $14,117,887.99 2.7040%
Arkansas 2 $750,379.02 0.1437%
California 774 $260,051,387.67 49.8086%
Colorado 44 $13,144,068.77 2.5175%
Connecticut 36 $11,646,716.16 2.2307%
Delaware 2 $616,617.15 0.1181%
District Of Columbia 3 $985,253.26 0.1887%
Florida 45 $15,200,950.52 2.9115%
Georgia 48 $15,197,432.34 2.9108%
Hawaii 9 $2,991,299.10 0.5729%
Illinois 39 $13,280,855.06 2.5437%
Indiana 4 $1,304,118.03 0.2498%
Iowa 7 $2,177,655.60 0.4171%
Kansas 4 $1,563,521.92 0.2995%
Kentucky 2 $748,859.33 0.1434%
Louisiana 1 $266,200.00 0.0510%
Maine 1 $244,209.20 0.0468%
Maryland 72 $23,331,053.91 4.4688%
Massachusetts 87 $29,648,724.51 5.6788%
Michigan 30 $9,316,231.33 1.7844%
Minnesota 39 $13,755,693.17 2.6347%
Mississippi 1 $398,566.21 0.0763%
Missouri 6 $2,395,840.79 0.4589%
Montana 1 $295,353.19 0.0566%
Nevada 8 $2,474,227.48 0.4739%
New Hampshire 6 $1,787,385.71 0.3423%
New Jersey 49 $15,814,714.48 3.0290%
New Mexico 1 $547,830.02 0.1049%
New York 30 $10,691,612.57 2.0478%
North Carolina 9 $2,638,730.34 0.5054%
Ohio 3 $795,927.91 0.1524%
Oregon 15 $4,754,294.51 0.9106%
Pennsylvania 14 $4,955,050.82 0.9491%
Rhode Island 4 $1,240,228.71 0.2375%
South Carolina 1 $239,812.78 0.0459%
Tennessee 5 $1,427,460.33 0.2734%
Texas 25 $7,936,649.19 1.5201%
Utah 5 $1,327,644.34 0.2543%
Virginia 53 $15,644,478.89 2.9964%
Washington 46 $14,520,578.20 2.7812%
Wisconsin 1 $408,505.89 0.0782%
----- --------------- ---------
Total 1,579 $522,102,682.31 100.0000%
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 1998-21:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2018 10 $3,022,417.88 0.5789%
2022 1 $247,034.01 0.0473%
2023 2 $492,250.00 0.0943%
2024 1 $268,188.59 0.0514%
2025 1 $297,404.17 0.0570%
2026 2 $600,986.27 0.1151%
2027 4 $1,519,466.75 0.2910%
2028 1,558 $515,654,934.64 98.7650%
----- --------------- ---------
Total 1,579 $522,102,682.31 100.0000%
The weighted average scheduled remaining term to maturity of the
Mortgage Loans in Pool 1998-21 calculated as of the Cutoff Date
is 357 months.
i) The following table sets forth information, as of the Cut-off
Date, with respect to the purpose of the Mortgage Loans in
Pool 1998-21:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 730 $235,137,565.78 45.0367%
Rate Term/Refinance 608 $202,322,695.18 38.7515%
Cash-out Refinance 241 $84,642,421.35 16.2118%
----- --------------- ---------
Total 1,579 $522,102,682.31 100.0000%
8
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS
AND EXHIBITS.
1.1 The Underwriting Agreement, dated as of January 22,
1998, and the related Terms Agreement, dated as of
November 20, 1998, for certain of the Series 1998-21
Certificates between GE Capital Mortgage Services, Inc.
and Merrill Lynch, Pierce, Fenner & Smith Incorporated
1.2 The Underwriting Agreement, dated as of May 22, 1996,
and the related Terms Agreement, dated as of November
20, 1998, for certain of the Series 1998-21
Certificates between GE Capital Mortgage Services, Inc.
and Lehman Brothers Inc..
4.1 The Pooling and Servicing Agreement for the Series
1998-21 Certificates, dated as of November 1, 1998,
between GE Capital Mortgage Services, Inc., as seller
and servicer, and State Street Bank and Trust Company,
as trustee.
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 November 25, 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 November 25, 1998
11
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- -----------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- -----------------------------------------------------------------
1.1 The Underwriting Agreement, dated as
of January 22, 1998, and the related
Terms Agreement, dated as of November
20, 1998, for certain of the Series 1998-
21 Certificates between GE Capital
Mortgage Services, Inc. and Merrill
Lynch, Pierce, Fenner & Smith
Incorporated.
1.2
The Underwriting Agreement, dated as
of May 22, 1996, and the related Terms
Agreement, dated as of November 20,
1998, for certain of the Series
1998-21 Certificates between GE
Capital Mortgage Services, Inc. and
Lehman Brothers Inc.
4.1
The Pooling and Servicing Agreement
for the Series 1998-21 Certificates,
dated as of November 1, 1998, between
GE Capital Mortgage Services, Inc., as
seller and servicer, and State Street
Bank and Trust Company, as trustee.
- -----------------------------------------------------------------
12
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Merrill Lynch, Pierce, Fenner & Smith New York, New York
Incorporated January 22, 1998
Merrill Lynch World Headquarters
North Tower
World Financial Center
New York, New York 10281-1201
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of one or more pools of conventional,
fixed rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage
<PAGE>
investment conduit (each, a "REMIC") for federal income tax
purposes.
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement", and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such prospectus supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral
- 2 -
<PAGE>
Term Sheets), in the form first filed after the date
of the related Terms Agreement pursuant to Rule 424(b)
is hereinafter called the "Prospectus Supplement"), is
hereinafter called the "Prospectus". Any reference
herein to the terms "amend", "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the Prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
- 3 -
<PAGE>
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
- 4 -
<PAGE>
2. Purchase and Sale. Subject to the execution of the
Terms Agreement for a particular Certificate Offering and subject
to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
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Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(each such filing of such materials, a "Current Report")
pursuant to Rule 13a- 11 under the Exchange Act on the
business day immediately following the later of (i) the day
on which such Computational Materials and Structural Term
Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability
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<PAGE>
of the related Prospectus Supplement the Underwriter has
delivered to any prospective investor a Collateral Term
Sheet that reflects, in the reasonable judgment of the
Underwriter and the Company, a material change in the
characteristics of the Mortgage Loans for the related
Series from those on which a Collateral Term Sheet with
respect to the related Series previously filed with the
Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such
statement or omission or an amendment which will effect
such compliance; provided, however, that the Company will
not be required to file any such amendment or supplement
with respect to any
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<PAGE>
Computational Materials, Structural Term Sheets or
Collateral Term Sheets incorporated by reference in the
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
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<PAGE>
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office
of the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (g) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood LLP, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick LLP
with respect to its letters furnished pursuant to Section
6(i) of this Agreement and any letter furnished pursuant to
the last sentence of Section 6(h) hereof, the fees of any
firm of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of this Agreement, any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses",
and all expenses (e.g., shipping, postage and courier
costs) associated with the delivery of the related
Prospectus to prospective investors and investors, other
than the costs of delivery to the Underwriter's facilities,
provided, that if courier services (other than overnight
delivery services utilized in the ordinary course of
business) are required to ensure that such Prospectus is
delivered to investors on the day immediately preceding the
related Closing Date, the Company will pay such courier
expenses).
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
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<PAGE>
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time
it became effective, contained an untrue statement of
a material fact or omitted to state a material fact
required to be stated therein or necessary to make the
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<PAGE>
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
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
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<PAGE>
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:
(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
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<PAGE>
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) This Agreement, the related Terms
Agreement and the related Pooling and Servicing
Agreement have been duly authorized, executed and
delivered by the Company under the law of the State of
New Jersey;
(iv) The issuance and sale of the
Offered Certificates have been duly authorized by the
Company;
(v) 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;
(vi) 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
(vii) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court, admini-
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<PAGE>
strative 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 his or her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of the
Company or public officials. In addition, such opinion may
be qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood LLP, counsel for the Underwriter, such opinion
or opinions, dated the related Closing Date, with respect
to the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part
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<PAGE>
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
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);
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<PAGE>
(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 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
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<PAGE>
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 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;
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<PAGE>
(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.
(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.
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<PAGE>
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 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
- 19 -
<PAGE>
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
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
- 20 -
<PAGE>
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof,
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
addition to any liability which the Underwriter may otherwise
have. The Company acknowledges that the statements set forth in
the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement
as such statements relate to such Offered Certificates and the
second sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
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
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<PAGE>
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
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
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<PAGE>
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the
relative fault of the Company on the one hand and the
Underwriter on the other in connection with the statements
or omissions which resulted in such losses, claims, damages
or liabilities (or actions in respect thereof) as well as
any other relevant equitable considerations; provided,
however, that in no case shall the Underwriter be
responsible under this subparagraph (ii) for any amount in
excess of the aggregate Purchase Price for the Offered
Certificates. 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
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<PAGE>
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; 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
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<PAGE>
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)
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 1998-1 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
- 25 -
<PAGE>
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; 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
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<PAGE>
(a) shall be effected by delivering four copies of such materials
to counsel for the Company on behalf of the Company at the
address specified in Section 3 hereof and one copy of such
materials to the Company. (Collateral Term Sheets and Structural
Term Sheets are, together, referred to herein as "ABS Term
Sheets.") At the time of each such delivery, the Underwriter
shall indicate in writing that the materials being delivered
constitute Collateral Term Sheets, and, if there has been any
prior such delivery with respect to the related Series, shall
indicate whether such materials differ in any material respect
from any Collateral Term Sheets previously delivered to the
Company with respect to such Series pursuant to this Section 9(a)
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter; 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
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<PAGE>
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
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,
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<PAGE>
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
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
- 29 -
<PAGE>
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
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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.
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
By:_________________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated January 22, 1998
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Merrill Lynch, Pierce, Fenner & Smith 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 [ ]%]:
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,
MERRILL LYNCH, PIERCE, FENNER & SMITH
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
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-21
TERMS AGREEMENT
(to Underwriting Agreement,
dated January 22, 1998,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus November 20, 1998
Cherry Hill, NJ 08002
Merrill Lynch, Pierce, Fenner & Smith 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
1998-21 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 1998-2 Certificates are registered with the Securities
and Exchange Commission by means of an effective Registration
Statement (No. 333-51151). Capitalized terms used and not defined
herein have the meanings given them in the Underwriting
Agreement.
Section 1. The Mortgage Pool: The Series 1998-21
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed-rate, first-lien, fully-amortizing, one- to
four-family residential mortgage loans (the "Mortgage Loans")
having the following characteristics as of November 1, 1998 (the
"Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$522,102,682 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 $494,791,700
or greater than $546,875,000.
(b) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans included in
the Mortgage Pool shall be between 20 and 30 years.
Section 2. The Certificates: The Offered Certificates shall
be issued as follows:
<PAGE>
(a) Classes: The Offered Certificates shall be issued with
the following Class designations, interest rates and principal
balances, subject in the aggregate to the variance referred to in
Section 1(a):
Class
Principal Interest Purchase Price
Class Balance Rate Percentage
----- ------- ---- ----------
Class A1 $334,182,000 6.25% 99.64060%
Class A2 854,000 6.25% 99.64060%
Class A3 50,066,432 6.25% 99.64060%
Class A4 1,500,000 6.50% 99.64060%
Class A5 5,729,387 6.50% 99.64060%
Class A6 1,583,333 (1) 99.64060%
Class A7 527,778 (1) 99.64060%
Class A8 4,854,400 6.00% 99.64060%
Class A9 263,889 0.00% 99.64060%
Class A10 11,630,769 6.50% 99.64060%
Class A11 465,231 0.00% 99.64060%
Class A12 76,250,000 6.25% 99.64060%
Class A13 12,757,000 6.25% 99.64060%
Class R 100 6.25% 99.64060%
- ----------------
(1) Interest will accrue on the 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, November 25,
1998 (the "Closing Date").
Section 4. Required Ratings: The Offered Certificates,
other than the Class A7, Class A9 and Class A11 Certificates,
shall have received Required Ratings of at least "AAA" from Fitch
IBCA, Inc. ("Fitch") and Standard & Poor's Rating Services, a
division of The McGraw-Hill Companies, Inc. ("S&P"),
respectively. The Class A7, Class A9 and Class A11 Certificates
shall have received Required Ratings of at least "AAA" by Fitch
and "AAAr" by 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,
MERRILL LYNCH, PIERCE, FENNER & SMITH
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.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
Lehman Brothers Inc. New York, New York
American Express Tower May 22, 1996
Three World Financial Center
New York, New York 10285
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement", and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such prospectus supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
- 2 -
<PAGE>
Supplement"), is hereinafter called the "Prospectus". Any
reference herein to the terms "amend", "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the Prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
- 3 -
<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
- 4 -
<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
- 5 -
<PAGE>
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(each such filing of such materials, a "Current Report")
pursuant to Rule 13a- 11 under the Exchange Act on the
business day immediately following the later of (i) the day
on which such Computational Materials and Structural Term
Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus Supplement
the Underwriter has delivered to any prospective investor a
- 6 -
<PAGE>
Collateral Term Sheet that reflects, in the reasonable judgment
of the Underwriter and the Company, a material change in the
characteristics of the Mortgage Loans for the related
Series from those on which a Collateral Term Sheet with
respect to the related Series previously filed with the
Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such statement
or omission or an amendment which will effect such compliance;
provided, however, that the Company will not be required to
file any such amendment or supplement with respect to any
Computational Materials, Structural Term Sheets or
Collateral Term Sheets incorporated by reference in the
- 7 -
<PAGE>
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office of
- 8 -
<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood, counsel for the
Underwriter, transfer taxes on resale of any Offered
Certificates by it, advertising expenses connected with any
offers that it may make, the fees of KPMG Peat Marwick LLP
with respect to its letters furnished pursuant to Section
6(i) of this Agreement and any letter furnished pursuant to
the last sentence of Section 6(h) hereof, the fees of any
firm of public accountants selected by the Underwriter with
respect to their letter furnished pursuant to Section 8(c)
of this Agreement, any other costs and expenses specified
in the related Terms Agreement as "Additional Expenses",
and all expenses (e.g., shipping, postage and courier
costs) associated with the delivery of the related
Prospectus to prospective investors and investors, other
than the costs of delivery to the Underwriter's facilities,
provided, that if courier services (other than overnight
delivery services utilized in the ordinary course of
business) are required to ensure that such Prospectus is
delivered to investors on the day immediately preceding the
related Closing Date, the Company will pay such courier
expenses).
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect
that:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
- 9 -
<PAGE>
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time it
- 10 -
<PAGE>
became effective, contained an untrue statement of a
material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
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Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
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(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
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<PAGE>
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of the
Company or public officials. In addition, such opinion may
be qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the
Underwriter may reasonably require, and the Company shall
have furnished to such counsel such documents as the
Underwriter may reasonably request for the purpose of
enabling them to pass upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its
part to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
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<PAGE>
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
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<PAGE>
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or regulation applicable to the
Trustee, or to such counsel's knowledge, any indenture
or other agreement or instrument to which the Trustee
is a party or by which it is bound, or, to such
counsel's knowledge, any order of any state or federal
court, regulatory body, administrative agency or
governmental body having jurisdiction over the
Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or statistical
nature (which is limited to accounting, financial or statistical
information derived from the general accounting records of the
Company and which is obtained from an analysis of a sample of
the Mortgage Loans included in the related pool) set forth in
the related Prospectus Supplement under the caption
"Description of the Mortgage Pool and the Mortgaged Proper-
ties" or "Description of the Mortgage Pools and the
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<PAGE>
Mortgaged Properties", as the case may be, and in the
Detailed Description relating to such Prospectus Supplement
is mutually consistent and agrees with the accounting
records of the Company and, where applicable, the related
Mortgage Loan files of the Company, excluding any questions
of legal interpretation. In addition, if applicable, such
accountants shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, which shall
include a statement or statements to the effect that based
upon the assumptions and methodology agreed to by the
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified
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<PAGE>
the mathematical accuracy of any initial Effective
Ranges of any PAC Certificates, Scheduled Certificates
or other scheduled Certificates set forth in such
Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
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<PAGE>
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
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<PAGE>
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof,
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
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<PAGE>
addition to any liability which the Underwriter may otherwise
have. The Company acknowledges that the statements set forth in
the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement
as such statements relate to such Offered Certificates and the
second sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
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<PAGE>
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the relative
fault of the Company on the one hand and the Underwriter on
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<PAGE>
the other in connection with the statements or omissions
which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any
other relevant equitable considerations. The relative fault
shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or the Underwriter
on the other and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent
such statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates that constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
- 23 -
<PAGE>
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter; and
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
- 24 -
<PAGE>
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that any
Computational Materials or Structural Term Sheets with respect to
any Series of Certificates furnished to prospective investors
from and after May 21, 1996 have been prepared and disseminated
by the Underwriter and not by or on behalf of the Company, and
that such materials included and shall include a disclaimer in
form satisfactory to the Company to the effect that such
materials have been prepared and disseminated by the Underwriter,
and that the content and accuracy of such materials have not been
reviewed by the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
- 25 -
<PAGE>
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in the Offered Certificates that constitute "Collateral
Term Sheets." Each delivery of a Collateral Term Sheet to the
Company pursuant to this paragraph (a) shall be effected by
delivering four copies of such materials to counsel for the
Company on behalf of the Company at the address specified in
Section 3 hereof and one copy of such materials to the Company.
(Collateral Term Sheets and Structural Term Sheets are, together,
referred to herein as "ABS Term Sheets.") At the time of each
such delivery, the Underwriter shall indicate in writing that the
materials being delivered constitute Collateral Term Sheets, and,
if there has been any prior such delivery with respect to the
related Series, shall indicate whether such materials differ in
any material respect from any Collateral Term Sheets previously
delivered to the Company with respect to such Series pursuant to
- 26 -
<PAGE>
this Section 9(a) as a result of the occurrence of a material change
in the characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter; and
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
will have been prepared and disseminated by the Underwriter and
not by or on behalf of the Company, and that such materials shall
include a disclaimer in form satisfactory to the Company to the
effect set forth in Section 8(d) hereof, and to the effect that
the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
- 27 -
<PAGE>
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
- 28 -
<PAGE>
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
- 29 -
<PAGE>
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
- 30 -
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
LEHMAN BROTHERS INC.
By:______________________________
Name:
Title:
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated May 22, 1996
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Lehman Brothers Inc. (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase such Classes of Series ____-__ Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$[ ] aggregate principal balance as of the Cutoff Date,
subject to [an upward or downward variance of up to [ ]%,
the precise aggregate principal balance to be determined by
the Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than
$[ ] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A-1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a)[and, as to any
particular Class, to an upward or downward variance of up
to [ ]%]:
Principal Interest Class Purchase
Class Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------
* to be inserted if applicable.
A-2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
LEHMAN BROTHERS INC.
By:_____________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_____________________________
Name:
Title:
A-3
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-21
TERMS AGREEMENT
(to Underwriting Agreement
dated May 22, 1996,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus November 20, 1998
Cherry Hill, NJ 08002
Lehman Brothers Inc. (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase the Classes of Series 1998-21 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 1998-21 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-51151).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pool: The Series 1998-21
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing, first lien one- to
four-family residential mortgage loans (the "Mortgage Loans")
having the following characteristics as of November 1, 1998 (the
"Cut-off Date"):
(a) Aggregate Principal Amount of the Mortgage Pool:
$522,102,682 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 $546,875,000 or greater than $494,791,700.
(b) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans
included in the Mortgage Pool shall be between 20 and 30
years.
Section 2. The Certificates: The Offered Certificates shall
be issued as follows:
<PAGE>
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a):
Class
Principal Interest Purchase Price
Class Balance Rate Percentage
----- ------- ---- ----------
Class M $10,181,000 6.25% 93.031250%
Class B1 4,176,000 6.25% 91.078125%
Class B2 2,349,000 6.25% 85.265625%
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificate Principal Balance thereof plus
accrued interest at the initial interest rate per annum from and
including the Cut-off Date up to, but not including, November 25,
1998 (the "Closing Date").
Section 4. Required Ratings: The Class M, Class B1 and
Class B2 Certificates shall have received Required Ratings of
"AA," "A" and "BBB," respectively, from Fitch IBCA, Inc.
Section 5. Tax Treatment: One or more elections will be
made to treat the assets of the Trust Fund as a REMIC.
2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
LEHMAN BROTHERS INC.
By:____________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
=================================================================
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
---------------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of November 1, 1998
---------------------------------------
REMIC Multi-Class Pass-Through Certificates,
Series 1998-21
=================================================================
<PAGE>
TABLE OF CONTENTS
Page
ARTICLE I
DEFINITIONS
Section 1.01. Definitions ...........................................1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans .........................34
Section 2.02. Acceptance by Trustee ................................37
Section 2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase ....................38
Section 2.04. Execution of Certificates ............................45
Section 2.05. Designations under the REMIC Provisions ..............45
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer ...........................46
Section 3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Record; Certificate Account ....49
Section 3.03. Collection of Taxes, Assessments and Other Items .....52
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Record .......................................52
Section 3.05. Maintenance of the Primary Insurance Policies ........53
Section 3.06. Maintenance of Hazard Insurance ......................54
Section 3.07. Assumption and Modification Agreements ...............55
Section 3.08. Realization Upon Defaulted Mortgage Loans ............55
Section 3.09. Trustee to Cooperate; Release of Mortgage Files ......58
Section 3.10. Servicing Compensation; Payment of Certain Expenses
by the Company .......................................59
Section 3.11. Reports to the Trustee; Certificate
Account Statements ...................................59
Section 3.12. Annual Statement as to Compliance ....................59
Section 3.13. Annual Independent Public Accountants'
Servicing Report .....................................60
Section 3.14. Access to Certain Documentation and Information
Regarding the Mortgage Loans .........................60
Section 3.15. Maintenance of Certain Servicing Policies ............60
Section 3.16. Optional Purchase of Defaulted Mortgage Loans ........61
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions ........................................61
Section 4.02. Method of Distribution ...............................65
<PAGE>
Section 4.03. Allocation of Losses .................................66
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans .......................................68
Section 4.05. Statements to Certificateholders .....................69
Section 4.06. Servicer's Certificate ...............................71
Section 4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property ...................................71
Section 4.08. Reduction of Base Servicing Fees by Compensating
Interest Payments ....................................71
Section 4.09. Surety Bond ..........................................71
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates .....................................71
Section 5.02. Registration of Transfer and Exchange
of Certificates ......................................73
Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates ....78
Section 5.04. Persons Deemed Owners ................................79
Section 5.05. Access to List of Certificateholders'
Names and Addresses ..................................79
Section 5.06. Representation of Certain Certificateholders .........79
Section 5.07. Determination of COFI ................................80
Section 5.08. Determination of LIBOR ...............................80
ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company .............................82
Section 6.02. Merger or Consolidation of, or Assumption of
the Obligations of, the Company ......................82
Section 6.03. Assignment ...........................................82
Section 6.04. Limitation on Liability of the Company and Others ....82
Section 6.05. The Company Not to Resign ............................83
ARTICLE VII
DEFAULT
Section 7.01. Events of Default ...................................83
Section 7.02. Trustee to Act; Appointment of Successor ............84
Section 7.03. Notification to Certificateholders ..................85
ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee ...................................85
Section 8.02. Certain Matters Affecting the Trustee ...............87
Section 8.03. Trustee Not Liable for Certificates
or Mortgage Loans ...................................88
Section 8.04. Trustee May Own Certificates ........................88
Section 8.05. The Company to Pay Trustee's Fees and Expenses ......88
Section 8.06. Eligibility Requirements for Trustee ................89
ii
<PAGE>
Section 8.07. Resignation or Removal of Trustee ...................89
Section 8.08. Successor Trustee ...................................90
Section 8.09. Merger or Consolidation of Trustee ..................90
Section 8.10. Appointment of Co-Trustee or Separate Trustee .......90
Section 8.11. Compliance with REMIC Provisions; Tax Returns .......91
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans ...................92
Section 9.02. Additional Termination Requirements .................93
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment ..........................................94
Section 10.02. Recordation of Agreement ...........................95
Section 10.03. Limitation on Rights of Certificateholders .........95
Section 10.04. Governing Law ......................................96
Section 10.05. Notices ............................................96
Section 10.06. Notices to the Rating Agencies .....................96
Section 10.07. Severability of Provisions .........................96
Section 10.08. Certificates Nonassessable and Fully Paid ..........97
iii
<PAGE>
Exhibits
- --------
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans (including list of Cooperative Loans)
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to ERISA Matters for
Definitive ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate Transferee Affidavit
EXHIBIT G Form of Residual Certificate Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for Definitive Restricted
Certificates
EXHIBIT J Form of Distribution Date Statement
EXHIBIT K Form of Special Servicing and Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and Agreement
EXHIBIT M Schedule of Designated Loans
EXHIBIT N Schedule of Pledged Asset Mortgage Loans
EXHIBIT O Senior Principal Priorities
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of November
1, 1998, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and STATE STREET BANK AND TRUST COMPANY, a
Massachusetts banking corporation, as Trustee.
W I T N E S S E T H T H A T :
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In consideration of the mutual agreements herein contained,
GE Capital Mortgage Services, Inc. and State Street Bank and
Trust Company agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions. Whenever used in this Agreement,
the following words and phrases, unless the context otherwise
requires, shall have the following meanings:
Accretion Directed Certificate: None.
Accretion Directed Component: None.
Accretion Termination Date: As to the Accrual
Certificates, the earlier of (i) the Cross-Over Date;
and (ii) the Distribution Date on which the Class
Certificate Principal Balance of each Class of
Accretion Directed Certificates has been reduced to
zero.
Accrual Amount: As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date through the related Accretion
Termination Date, the sum of (x) any amount of Accrued
Certificate Interest allocable to such Class or
Component pursuant to Section 4.01(a)(i) on such
Distribution Date and (y) any amount of Unpaid Class
Interest Shortfall allocable to such Class or Component
pursuant to Section 4.01(a)(ii) on such Distribution
Date, to the extent that such amounts are distributed
to any Accretion Directed Certificates and any
Accretion Directed Components pursuant to Section
4.01(e). As to any Class of Accrual Certificates and
any Accrual Component and each Distribution Date after
the related Accretion Termination Date, zero.
Accrual Certificates: None.
Accrual Component: None.
Accrued Certificate Interest: As to any
Distribution Date and any Class of Certificates (other
than any Class of Principal Only Certificates and any
Class of Certificates consisting of Specified
Components), interest accrued during the related
Interest Accrual Period at the applicable Certificate
Interest Rate on the Class Certificate Principal
Balance (or, in the case of any Class of Notional
Certificates, on the aggregate Notional Principal
Balance) thereof immediately prior to such Distribution
Date, calculated on the basis of a 360-day year
consisting of twelve 30-day months. As to any
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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 as a percentage, the numerator
of which is the Class Certificate Principal Balance of
such Class and the denominator of which is the
aggregate Class Certificate Principal Balance of the
Junior Certificates.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of
the definition of Junior Optimal Principal Amount, and
as to the Class M Certificates and each Class of Class
B Certificates for which the related Prepayment
Distribution Trigger has been satisfied on such
Distribution Date, the fraction, expressed as a
percentage, the numerator of which is the Class
Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
Principal Balance of all such Classes. As to any
Distribution Date and each Class of Class B
Certificates for which the related Prepayment
Distribution Trigger has not been satisfied on such
Distribution Date, 0%.
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Amortization Payment: As to any REO Mortgage Loan
and any month, the payment of principal and accrued
interest due in such month in accordance with the terms
of the related Mortgage Note as contemplated by Section
3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date, the total of all amounts credited to
the Mortgage Loan Payment Record as of the preceding
Determination Date on account of (i) Principal
Prepayments, Insurance Proceeds and Liquidation
Proceeds received subsequent to the preceding
Prepayment Period applicable to such receipts, and (ii)
monthly payments of principal and interest due
subsequent to the preceding Due Date.
Anniversary Determination Date: The Determination
Date occurring in December of each year that the
Certificates are outstanding, commencing in December
1999.
Assignment of Proprietary Lease: With respect to a
Cooperative Loan, the assignment of the related
Proprietary Lease from the Mortgagor to the originator
of the Cooperative Loan.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and as to any
Non-Primary Residence Loan remaining in the Mortgage
Pool whose original principal balance was 80% or
greater of the Original Value thereof, the excess of
(i) the Monthly Payment thereof calculated on the
assumption that the Mortgage Rate thereon was equal to
the weighted average (by principal balance) of the
Remittance Rates of all Outstanding Mortgage Loans (the
"Weighted Average Rate") as of such Anniversary
Determination Date over (ii) the Monthly Payment
thereof calculated on the assumption that the
Remittance Rate thereon was equal to the Weighted
Average Rate less 1.25% per annum.
Available Funds: As to each Distribution Date, an
amount equal to the sum of (i) all amounts credited to
the Mortgage Loan Payment Record pursuant to Section
3.02 as of the preceding Determination Date, (ii) any
Monthly Advance and any Compensating Interest Payment
for such Distribution Date, (iii) the Purchase Price of
any Defective Mortgage Loans and Defaulted Mortgage
Loans deposited in the Certificate Account on the
Business Day preceding such Distribution Date
(including any amounts deposited in the Certificate
Account in connection with any substitution of a
Mortgage Loan as specified in Section 2.03(b)), and
(iv) the purchase price of any defaulted Mortgage Loan
purchased under an agreement entered into pursuant to
Section 3.08(e) as of the end of the preceding
Prepayment Period less the sum of (x) the Amount Held
for Future Distribution, (y) the amount of any
Unanticipated Recovery credited to the Mortgage Loan
Payment Record pursuant to clause (vi) of Section
3.02(b), and (z) amounts permitted to be debited from
the Mortgage Loan Payment Record pursuant to clauses
(i) through (vii) and (ix) of Section 3.04.
Bankruptcy Coverage Termination Date: The
Distribution Date upon which the Bankruptcy Loss Amount
has been reduced to zero or a negative number (or the
Cross-Over Date, if earlier).
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Bankruptcy Loss Amount: As of any Determination
Date prior to the first Anniversary Determination Date,
the Bankruptcy Loss Amount shall equal $192,551, as
reduced by the aggregate amount of Deficient Valuations
and Debt Service Reductions since the Cut-off Date. As
of any Determination Date after the first Anniversary
Determination Date, other than an Anniversary
Determination Date, the Bankruptcy Loss Amount shall
equal the Bankruptcy Loss Amount on the immediately
preceding Anniversary Determination Date as reduced by
the aggregate amount of Deficient Valuations and Debt
Service Reductions since such preceding Anniversary
Determination Date. As of any Anniversary Determination
Date, the Bankruptcy Loss Amount shall equal the lesser
of (x) the Bankruptcy Loss Amount as of the preceding
Determination Date as reduced by any Deficient
Valuations and Debt Service Reductions for the
preceding Distribution Date, and (y) the greater of (i)
the Fitch Formula Amount for such Anniversary
Determination Date and (ii) the Formula Amount for such
Anniversary Determination Date.
The Bankruptcy Loss Amount may be further reduced
by the Company (including accelerating the manner in
which such coverage is reduced) provided that prior to
any such reduction, the Company shall obtain written
confirmation from each Rating Agency that such
reduction shall not adversely affect the then-current
rating assigned to the related Classes of Certificates
by such Rating Agency and shall provide a copy of such
written confirmation to the Trustee.
Base Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of
(i) the Scheduled Principal Balance of such Mortgage
Loan as of the Due Date in the preceding calendar month
and (ii) the Base Servicing Fee Rate for such Mortgage
Loan. The Base Servicing Fee for any Distribution Date
is subject to adjustment pursuant to Section 3.08(d)
(with respect to a Realized Loss) or the definition of
Interest Loss (with respect to the interest portion of
a Debt Service Reduction).
Base Servicing Fee Rate: As to any Mortgage Loan,
the per annum rate identified as such for such Mortgage
Loan and set forth in the Mortgage Loan Schedule.
BBA: The British Bankers' Association.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered
in the name of the Depository or its nominee, ownership
of which is reflected on the books of the Depository or
on the books of a person maintaining an account with
such Depository (directly or as an indirect participant
in accordance with the rules of such Depository). As of
the Closing Date, each Class of Certificates, other
than the Class B3, Class B4, Class B5, Class R and
Class PO Certificates, constitutes a Class of
Book-Entry Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
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Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New
York City or the city in which the Corporate Trust
Office is located are authorized or obligated by law or
executive order to be closed.
Buydown Funds: Funds contributed by the Mortgagor
or another source in order to reduce the interest
payments required from the Mortgagor for a specified
period in specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to
which the Mortgagor pays less than the full monthly
payment specified in the Mortgage Note during the
Buydown Period and the difference between the amount
paid by the Mortgagor and the amount specified in the
Mortgage Note is paid from the related Buydown Funds.
Buydown Period: The period during which Buydown
Funds are required to be applied to the related Buydown
Mortgage Loan.
Certificate: Any one of the certificates signed
and countersigned by the Trustee in substantially the
forms attached hereto as Exhibit A.
Certificate Account: The trust account or accounts
created and maintained with the Trustee pursuant to
Section 3.02 and which must be an Eligible Account.
Certificate Interest Loss: (i) On or prior to the
Cross-Over Date, any Interest Loss in respect of an
Excess Loss and (ii) after the Cross-Over Date, any
Interest Loss, in each case to the extent such Interest
Loss is allocable to the Certificates in accordance
with Section 3.08(d) (with respect to a Realized Loss)
or the definition of Interest Loss (with respect to the
interest portion of a Debt Service Reduction).
Certificate Interest Rate: With respect to any
Class of Certificates, other than any LIBOR
Certificate, and as of any Distribution Date, the per
annum fixed rate specified in Section 5.01(b). With
respect to any Class of LIBOR Certificates, the per
annum variable rate at any time at which interest
accrues on the Certificates of such Class, as
determined pursuant to Section 5.01(e).
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner
thereof.
Certificate Principal Balance: As to any
Certificate other than a Notional Certificate, and as
of any Distribution Date, the Initial Certificate
Principal Balance of such Certificate (plus, in the
case of any Accrual Certificate, its Percentage
Interest of any related Accrual Amount for each
previous Distribution Date) less the sum of (i) all
amounts distributed with respect to such Certificate in
reduction of the Certificate Principal Balance thereof
on previous Distribution Dates pursuant to Section
4.01, (ii) any Realized Losses allocated to such
Certificate on previous Distribution Dates pursuant to
Section 4.03(b) and (c), and (iii) in the case of a
Subordinate Certificate, such Certificate's Percentage
Interest of the Subordinate Certificate Writedown
Amount allocated to such Certificate on previous
Distribution Dates. The Notional Certificates are
issued without Certificate Principal Balances.
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Certificate Register and Certificate Registrar:
The register maintained and the registrar appointed
pursuant to Section 5.02.
Certificateholder or Holder: The person in whose
name a Certificate is registered in the Certificate
Register, except that, solely for the purposes of
giving any consent pursuant to this Agreement, a
Certificate of any Class to the extent that the Company
or any affiliate is the Certificate Owner or Holder
thereof (except to the extent the Company or any
affiliate thereof shall be the Certificate Owner or
Holder of all Certificates of such Class), shall be
deemed not to be outstanding and the Percentage
Interest (or Voting Rights) evidenced thereby shall not
be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting
Rights) necessary to effect any such consent has been
obtained; provided, however, that in determining
whether the Trustee shall be protected in relying on
such consent only the Certificates that the Trustee
knows to be so held shall be so disregarded.
Class: All Certificates bearing the same class
designation.
Class B Certificate: Any Class B1, Class B2, Class
B3, Class B4 or Class B5 Certificate.
Class Certificate Principal Balance: As to any
Class of Certificates, other than any Class of Notional
Certificates, and as of any date of determination, the
aggregate of the Certificate Principal Balances of all
Certificates of such Class. The Class Certificate
Principal Balance of each such Class of Certificates as
of the Closing Date is specified in Section 5.01(b).
Class Interest Shortfall: As to any Distribution
Date and any Class of Certificates (other than any
Class of Principal Only Certificates or any Class
consisting of Specified Components) or any Specified
Component, any amount by which the amount distributed
to Holders of such Class of Certificates or in respect
of such Specified Component (or added to the Class
Certificate Principal Balance of any Class of Accrual
Certificates or to the Component Principal Balance of
any Accrual Component constituting a Specified
Component) on such Distribution Date is less than the
Accrued Certificate Interest thereon or in respect
thereof for such Distribution Date. As to any
Distribution Date and any Class of Certificates
consisting of Specified Components, the sum of the
Class Interest Shortfalls for such Components on such
date.
Class PO Deferred Amount: As to any Distribution
Date on or prior to the Cross-Over Date, the aggregate
of the applicable PO Percentage of the principal
portion of each Realized Loss, other than any Excess
Loss, to be allocated to the Class PO Certificates on
such Distribution Date or previously allocated to the
Class PO Certificates and not yet paid to the Holders
of the Class PO Certificates pursuant to Section
4.01(a)(iv).
Closing Date: November 25, 1998.
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Code: The Internal Revenue Code of 1986, as it may
be amended from time to time, any successor statutes
thereto, and applicable U.S. Department of the Treasury
temporary or final regulations promulgated thereunder.
COFI: The monthly weighted average cost of funds
for savings institutions the home offices of which are
located in Arizona, California, or Nevada that are
member institutions of the Eleventh Federal Home Loan
Bank District, as computed from statistics tabulated
and published by the Federal Home Loan Bank of San
Francisco in its monthly Information Bulletin.
COFI Certificates: None.
COFI Determination Date: As to each Interest
Accrual Period for any COFI Certificates, the last
Business Day of the calendar month preceding the
commencement of such Interest Accrual Period.
Company: GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of
the State of New Jersey, or its successor in interest
or, if any successor servicer is appointed as herein
provided, then such successor servicer.
Compensating Interest Payment: With respect to any
Distribution Date, an amount equal to the aggregate of
the Interest Shortfalls described in clauses (a) and
(b) of the definition thereof with respect to such
Distribution Date; provided, however, that such amount
shall not exceed the lesser of (i) an amount equal to
the product of (x) the Pool Scheduled Principal Balance
with respect to such Distribution Date and (y)
one-twelfth of 0.125%, and (ii) the aggregate of the
Base Servicing Fees that the Company would be entitled
to retain on such Distribution Date (less any portion
thereof paid as servicing compensation to any Primary
Servicer) without giving effect to any Compensating
Interest Payment.
Component: Any of the components of a Class of
Component Certificates having the designations and the
initial Component Principal Balances as follows:
Initial Component
Designation Principal Balance
----------- -----------------
N/A N/A
Component Certificate: None.
Component Interest Rate: None.
Component Principal Balance: As of any
Distribution Date, and with respect to any Component,
other than any Notional Component, the initial
Component Principal Balance thereof (as set forth, as
applicable, in the definition of Component) (plus, in
the case of any Accrual Component, any related Accrual
Amount for each previous Distribution Date) less the
sum of (x) all amounts distributed in reduction thereof
on previous Distribution Dates pursuant to Section 4.01
and (y) the amount of all Realized Losses allocated
thereto pursuant to Section 4.03(d).
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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.
Cooperative Stock Certificate: With respect to a
Cooperative Loan, the stock certificate(s) or other
instrument evidencing the related Cooperative Stock.
Corporate Trust Office: The principal office of
the Trustee at which at any particular time its
corporate trust business shall be administered, which
office at the date of the execution of this instrument
is located at Two International Place, Boston,
Massachusetts 02110, Attention: Corporate Trust
Department.
Cross-Over Date: The first Distribution Date on
which the aggregate Class Certificate Principal Balance
of the Junior Certificates has been reduced to zero
(giving effect to all distributions on such
Distribution Date).
Cut-off Date: November 1, 1998.
Debt Service Reduction: As to any Mortgage Loan
and any Determination Date, the excess of (a) the then
current Monthly Payment for such Mortgage Loan over (b)
the amount of the monthly payment of principal and
interest required to be paid by the Mortgagor as
established by a court of competent jurisdiction as a
result of a proceeding initiated by or against the
related Mortgagor under the Bankruptcy Code, as amended
from time to time (11 U.S.C.).
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Defaulted Mortgage Loan: With respect to any
Determination Date, a Mortgage Loan as to which the
related Mortgagor has failed to make unexcused payment
in full of a total of three or more consecutive
installments of principal and interest, and as to which
such delinquent installments have not been paid, as of
the close of business on the last Business Day of the
month next preceding the month of such Determination
Date.
Defective Mortgage Loan: Any Mortgage Loan which
is required to be purchased by the Company (or which
the Company may replace with a substitute Mortgage
Loan) pursuant to Section 2.02 or 2.03(a).
Deficient Valuation: As to any Mortgage Loan and
any Determination Date, the excess of (a) the then
outstanding indebtedness under such Mortgage Loan over
(b) the valuation by a court of competent jurisdiction
of the related Mortgaged Property as a result of a
proceeding initiated by or against the related
Mortgagor under the Bankruptcy Code, as amended from
time to time (11 U.S.C.), pursuant to which such
Mortgagor retained such Mortgaged Property.
Definitive Certificate: Any Certificate, other
than a Book-Entry Certificate, issued in definitive,
fully registered form.
Definitive Restricted Junior Certificate: Any
Restricted Junior Certificate that is in the form of a
Definitive Certificate.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE
& Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(a)(5) of the
Uniform Commercial Code of the State of New York, as
amended, or any successor provisions thereto.
Depository Participant: A broker, dealer, bank or
other financial institution or other Person for which,
from time to time, the Depository effects book-entry
transfers and pledges of securities deposited with such
Depository.
Designated Loan Closing Documents: With respect to
any Designated Loan, a Lost Note Affidavit
substantially in the form of Exhibit L, and an
assignment of the related Mortgage to the Trustee in
recordable form (except for the omission therein of
recording information concerning such Mortgage).
Designated Loans: The Mortgage Loans, if any,
listed on Exhibit M hereto.
Designated Telerate Page: The Dow Jones Telerate
Service page 3750 (or such other page as may replace
page 3750 on that service or such other service as may
be nominated by the BBA for the purpose of displaying
the Interest Settlement Rates).
Determination Date: With respect to any
Distribution Date, the fifth Business Day prior
thereto.
Discount Mortgage Loan: Any Mortgage Loan with a
Net Mortgage Rate less than 6.25% per annum.
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Disqualified Organization: Any of the following:
(i) the United States, any State or political
subdivision thereof, or any agency or instrumentality
of any of the foregoing (including but not limited to
state pension organizations); (ii) a foreign
government, International Organization or any agency or
instrumentality of either of the foregoing; (iii) an
organization (except certain farmers' cooperatives
described in Code section 521) which is exempt from tax
imposed by Chapter 1 of the Code (including the tax
imposed by section 511 of the Code on unrelated
business taxable income); and (iv) a rural electric and
telephone cooperative described in Code section
1381(a)(2)(C). The terms "United States," "State" and
"International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions.
A corporation will not be treated as an instrumentality
of the United States or of any State or political
subdivision thereof for these purposes if all of its
activities are subject to tax and a majority of its
board of directors is not selected by such governmental
unit.
Distribution Date: The 25th day of each calendar
month after the month of initial issuance of the
Certificates, or, if such 25th day is not a Business
Day, the next succeeding Business Day.
Distribution Date Statement: The statement
referred to in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: The first day of the month of the
related Distribution Date.
Eligible Account: An account that is either (i)
maintained with a depository institution the debt
obligations of which have been rated by each Rating
Agency in one of its two highest long-term rating
categories and has been assigned by S&P its highest
short-term rating, (ii) an account or accounts the
deposits in which are fully insured by either the BIF
or the SAIF, (iii) an account or accounts, in a
depository institution in which such accounts are
insured by the BIF or the SAIF (to the limits
established by the FDIC), the uninsured deposits in
which accounts are either invested in Permitted
Investments or are otherwise secured to the extent
required by the Rating Agencies such that, as evidenced
by an Opinion of Counsel delivered to the Trustee, the
Certificateholders have a claim with respect to the
funds in such account or a perfected first security
interest against any collateral (which shall be limited
to Permitted Investments) securing such funds that is
superior to claims of any other depositors or creditors
of the depository institution with which such account
is maintained, (iv) a trust account maintained with the
corporate trust department of a federal or state
chartered depository institution or of a trust company
with trust powers and acting in its fiduciary capacity
for the benefit of the Trustee hereunder or (v) such
account as will not cause either Rating Agency to
downgrade or withdraw its then-current rating assigned
to the Certificates, as evidenced in writing by the
Rating Agencies.
ERISA: The Employee Retirement Income Security Act
of 1974, as amended.
ERISA-Restricted Certificate: Any Junior
Certificate.
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Event of Default: An event described in Section
7.01.
Excess Bankruptcy Loss: Any Deficient Valuation or
Debt Service Reduction, or portion thereof, (i)
occurring after the Bankruptcy Coverage Termination
Date or (ii) if on such date, in excess of the
then-applicable Bankruptcy Loss Amount.
Excess Fraud Loss: Any Fraud Loss, or portion
thereof, (i) occurring after the Fraud Coverage
Termination Date or (ii) if on such date, in excess of
the then-applicable Fraud Loss Amount.
Excess Loss: Any Excess Bankruptcy Loss, Excess
Fraud Loss or Excess Special Hazard Loss.
Excess Special Hazard Loss: Any Special Hazard
Loss, or portion thereof, (i) occurring after the
Special Hazard Termination Date or (ii) if on such
date, in excess of the then-applicable Special Hazard
Loss Amount.
FDIC: The Federal Deposit Insurance Corporation,
or its successor in interest.
FHLMC: The Federal Home Loan Mortgage Corporation
or its successor in interest.
Financial Intermediary: A broker, dealer, bank or
other financial institution or other Person that clears
through or maintains a custodial relationship with a
Depository Participant.
Fitch: Fitch IBCA, Inc. and its successors.
Fitch Formula Amount: As to each Anniversary
Determination Date, the greater of (i) $50,000 and (ii)
the product of (x) the greatest Assumed Monthly Payment
Reduction for any Non-Primary Residence Loan whose
original principal balance was 80% or greater of the
Original Value thereof, (y) the weighted average
remaining term to maturity (expressed in months) of all
the Non-Primary Residence Loans remaining in the
Mortgage Pool as of such Anniversary Determination
Date, and (z) the sum of (A) one plus (B) the number of
all remaining Non-Primary Residence Loans divided by
the total number of Outstanding Mortgage Loans as of
such Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or
its successor in interest.
Formula Amount: As to each Anniversary
Determination Date, the greater of (i) $100,000 and
(ii) the product of (x) 0.06% and (y) the Scheduled
Principal Balance of each Mortgage Loan remaining in
the Mortgage Pool whose original principal balance was
75% or greater of the Original Value thereof.
Fraud Coverage Termination Date: The Distribution
Date upon which the related Fraud Loss Amount has been
reduced to zero or a negative number (or the Cross-Over
Date, if earlier).
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Fraud Loss: Any Realized Loss attributable to
fraud in the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date
after the Cut-off Date, (x) prior to the first
anniversary of the Cut-off Date, an amount equal to
$5,221,027 minus the aggregate amount of Fraud Losses
that would have been allocated to the Junior
Certificates in accordance with Section 4.03 in the
absence of the Loss Allocation Limitation since the
Cut-off Date, and (y) from the first to the fifth
anniversary of the Cut-off Date, an amount equal to (1)
the lesser of (a) the Fraud Loss Amount as of the most
recent anniversary of the Cut-off Date and (b) 1% (from
the first to but excluding the third anniversaries of
the Cut-off Date) or 0.5% (from and including the third
to but excluding the fifth anniversaries of the Cut-off
Date) of the aggregate outstanding principal balance of
all of the Mortgage Loans as of the most recent
anniversary of the Cut-off Date minus (2) the Fraud
Losses that would have been allocated to the Junior
Certificates in accordance with Section 4.03 in the
absence of the Loss Allocation Limitation since the
most recent anniversary of the Cut-off Date. As of any
Distribution Date on or after the fifth anniversary of
the Cut-off Date the Fraud Loss Amount shall be zero.
Group I Final Distribution Date: The Distribution
Date on which the aggregate Certificate Principal
Balance of the Group I Senior Certificates is reduced
to zero.
Group I Senior Certificate: Any Class A1, Class
A2, Class A4, Class A5, Class A6, Class A7, Class A8,
Class A9, Class A10, Class A11, Class A12, Class A13 or
Class R Certificate.
Group II Senior Certificate: Any Class A3
Certificate.
Group II Senior Percentage: With respect to any
Distribution Date, the percentage (carried to six
decimal places) obtained by dividing (x) the aggregate
Certificate Principal Balance of the Group II Senior
Certificates immediately preceding such Distribution
Date, by (y) the aggregate Certificate Principal
Balance of all the Certificates (other than the Class
PO Certificates) immediately preceding such
Distribution Date.
Group II Senior Prepayment Distribution
Percentage: 0% through the Distribution Date in
November 2003; 30% thereafter through the Distribution
Date in November 2004; 40% thereafter through the
Distribution Date in November 2005; 60% thereafter
through the Distribution Date in November 2006; 80%
thereafter through the Distribution Date in November
2007; and 100% thereafter.
Group II Senior Principal Distribution Amount:
With respect to any Distribution Date, the sum of (a)
the total of the amounts described in clauses (i) and
(iii) of the definition of Senior Optimal Principal
Amount (without
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application of the Senior Percentage or
the Senior Prepayment Percentage) for such date
multiplied by the Group II Senior Percentage for such
date and (b) the total of the amounts described in
clauses (ii), (iv) and (v) of the definition of Senior
Optimal Principal Amount (without application of the
Senior Prepayment Percentage) for such date multiplied
by the product of (x) the Group II Senior Percentage
for such date and (y) the Group II Senior Prepayment
Distribution Percentage for such date; provided,
however, that (i) on the Group I Final Distribution
Date, the Group II Senior Principal Distribution Amount
will be increased by any 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 Group II Senior Principal
Distribution Amount will equal the Senior Optimal
Principal Amount.
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: 5.22% per annum.
Insurance Proceeds: Proceeds paid pursuant to the
Primary Insurance Policies, if any, and amounts paid by
any insurer pursuant to any other insurance policy
covering a Mortgage Loan.
Insured Expenses: Expenses covered by the Primary
Insurance Policies, if any, or any other insurance
policy or policies applicable to the Mortgage Loans.
Interest Accrual Period: With respect to any
Distribution Date and any Class of Certificates (other
than any Class of Principal Only Certificates) or
Component, the one-month period ending on the last day
of the month preceding the month in which such
Distribution Date occurs.
Interest Loss: (i) With respect to any Realized
Loss, the excess of accrued and unpaid interest due on
the related Mortgage Loan over the amount allocated to
interest thereon in accordance with Section 3.08(d),
and (ii) with respect to any Debt Service Reduction and
any calendar month, the reduction in the amount of
interest due on the related Mortgage Loan during such
month as a result of the relevant bankruptcy
proceeding.
The amount of any Interest Loss described in
clause (i) of the preceding paragraph will be allocated
among the Base Servicing Fee, the Supplemental
Servicing Fee and the Certificates in accordance with
Section 3.08(d). The amount of any Interest Loss
described in clause (ii) of the preceding paragraph
will be allocated among the Base Servicing Fee, the
Supplemental Servicing Fee and the Certificates in
proportion to the amount of interest that would have
been allocated to the Base Servicing Fee at the Base
Servicing Fee Rate, the Supplemental Servicing Fee at
the Supplemental Servicing Fee Rate and interest at the
Remittance Rate, respectively, in the absence of the
Debt Service Reduction.
Interest Settlement Rate: With respect to any
Interest Accrual Period, the rate (expressed as a
percentage per annum) for one-month U.S. Dollar
deposits reported by
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the BBA at 11:00 a.m. London time
on the related LIBOR Determination Date and as it
appears on the Designated Telerate Page.
Interest Shortfall: With respect to any
Distribution Date and each Mortgage Loan that during
the related Prepayment Period was the subject of a
Voluntary Principal Prepayment or constitutes a Relief
Act Mortgage Loan, an amount determined as follows:
(A) partial principal prepayments: one
month's interest at the applicable Net Mortgage
Rate on the amount of such prepayment;
(B) principal prepayments in full received on
or after the sixteenth day of the month preceding
the month of such Distribution Date (or, in the
case of the first Distribution Date, on or after
the Cut-off Date) but on or before the last day of
the month preceding the month of such Distribution
Date, the difference between (i) one month's
interest at the applicable Net Mortgage Rate on
the Scheduled Principal Balance of such Mortgage
Loan immediately prior to such prepayment and (ii)
the amount of interest for the calendar month of
such prepayment (adjusted to the applicable Net
Mortgage Rate) received at the time of such
prepayment;
(C) principal prepayments in full received by
the Company (or of which the Company receives
notice, in the case of a Mortgage Loan serviced by
a Primary Servicer) on or after the first day but
on or before the fifteenth day of the month of
such Distribution Date: none; and
(D) Relief Act Mortgage Loans: As to any
Relief Act Mortgage Loan, the excess of (i) 30
days' interest (or, in the case of a Principal
Prepayment in full, interest to the date of
prepayment) on the Scheduled Principal Balance
thereof (or, in the case of a Principal Prepayment
in part, on the amount so prepaid) at the related
Net Mortgage Rate over (ii) 30 days' interest (or,
in the case of a Principal Prepayment in full,
interest to the date of prepayment) on such
Scheduled Principal Balance (or, in the case of a
Principal Prepayment in part, on the amount so
prepaid) at the Net Mortgage Rate required to be
paid by the Mortgagor as limited by application of
the Relief Act.
For purposes of the definitions of Net Interest
Shortfall and Supplemental Servicing Fee, the amount of
any Interest Shortfall shall be allocated between the
Certificates and the Supplemental Servicing Fee in
proportion to the amount of interest 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):
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<PAGE>
(i) the Junior Percentage of the applicable Non-PO
Percentage of the principal portion of each Monthly
Payment due on the related Due Date on each Outstanding
Mortgage Loan as of such Due Date as specified in the
amortization schedule at the time applicable thereto
(after adjustment for previous Principal Prepayments
and the principal portion of Debt Service Reductions
subsequent to the Bankruptcy Coverage Termination Date
but before any adjustment to such amortization schedule
by reason of any bankruptcy (other than as aforesaid)
or similar proceeding or any moratorium or similar
waiver or grace period);
(ii) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part received during the related
Prepayment Period, and 100% of any Senior Optimal
Principal Amount not distributed to the Senior
Certificates on such Distribution Date, together with
the Junior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal Balance of
each Mortgage Loan which was the subject of a Voluntary
Principal Prepayment in full during the related
Prepayment Period;
(iii) the excess, if any, of (x) the applicable
Non-PO Percentage of the sum of (A) all Net Liquidation
Proceeds allocable to principal received during the
related Prepayment Period (other than in respect of
Mortgage Loans described in clause (B)) and (B) the
principal balance of each Mortgage Loan that was
purchased by an insurer from the Trustee during the
related Prepayment Period pursuant to the related
Primary Insurance Policy, over (y) the amount
distributable pursuant to clause (iii) of the
definition of Senior Optimal Principal Amount on such
Distribution Date;
(iv) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased on
such Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution Amount
for any Mortgage Loan substituted during the month of
such Distribution Date.
For purposes of clause (ii) above, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to
have been received when the Company, as servicer,
receives notice thereof.
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
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<PAGE>
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: November 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 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.
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
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<PAGE>
Monthly Advance being equal to (a) the aggregate of
payments of principal and interest (adjusted to the
related Remittance Rate) on the Mortgage Loans that
were due on the related Due Date, without regard to any
arrangements entered into by the Company with the
related Mortgagors pursuant to Section 3.02(a)(ii), and
delinquent as of the close of business on the Business
Day next preceding the related Determination Date, less
(b) the amount of any such payments which the Company
or the Trustee, as applicable, in its reasonable
judgment believes will not be ultimately recoverable by
it either out of late payments by the Mortgagor, Net
Liquidation Proceeds, Insurance Proceeds, REO Proceeds
or otherwise. With respect to any Mortgage Loan, the
portion of any such advance or advances made with
respect thereto.
Monthly Payment: The scheduled monthly payment on
a Mortgage Loan for any month allocable to principal or
interest on such Mortgage Loan.
Moody's: Moody's Investors Service, Inc. and its
successors.
Mortgage: The mortgage or deed of trust creating a
first lien on a fee simple interest or leasehold estate
in real property securing a Mortgage Note.
Mortgage 100SM Loan: A Mortgage Loan identified on
Exhibit N hereof that has a Loan-to-Value Ratio at
origination in excess of 80.00% and that is secured by
Additional Collateral and does not have a Primary
Insurance Policy.
Mortgage File: The mortgage documents listed in
Section 2.01 pertaining to a particular Mortgage Loan
and any additional documents required to be added to
such documents pursuant to this Agreement.
Mortgage Loan Payment Record: The record
maintained by the Company pursuant to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans included
in the Trust Fund. The initial schedule of Mortgage
Loans as of the Cut-off Date is attached hereto as
Exhibit C.
Mortgage Loans: As of any date of determination,
each of the mortgage loans identified on the Mortgage
Loan Schedule (as amended pursuant to Section 2.03(b))
delivered and assigned to the Trustee pursuant to
Section 2.01 or 2.03(b), and not theretofore released
from the Trust Fund by the Trustee.
Mortgage Note: With respect to any Mortgage Loan,
the note or other evidence of indebtedness (which may
consist of a Confirmatory Mortgage Note) evidencing the
indebtedness of a Mortgagor under such Mortgage Loan.
Mortgage Pool: The aggregate of the Mortgage Loans
identified in the Mortgage Loan Schedule.
Mortgage Rate: The per annum rate of interest
borne by a Mortgage Loan as set forth in the related
Mortgage Note.
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<PAGE>
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-Discount Mortgage Loan: Any Mortgage Loan with
a Net Mortgage Rate greater than or equal to 6.25% 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
6.25%. As to any Non-Discount Mortgage Loan, 100%.
Non-Primary Residence Loan: Any Mortgage Loan
secured by a Mortgaged Property that is (on the basis
of representations made by the Mortgagors at
origination) a second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by
the Company (or the Trustee) which, in the reasonable
judgment of the Company (or, as applicable, the
Trustee) will not be ultimately recoverable from
related Net Liquidation Proceeds, Insurance Proceeds,
REO Proceeds or otherwise. The determination by the
Company that it has made a Nonrecoverable Advance or
that any advance, if made, would constitute a
Nonrecoverable Advance, shall be evidenced by an
Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such
determination.
Non-U.S. Person: As defined in Section 4.02(c).
Notional Certificate: None.
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<PAGE>
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: As to any Distribution
Date and any Notional Certificate, such Notional
Certificate's Percentage Interest of the aggregate
Notional Principal Balance of the Notional Certificates
of the same Class for such Distribution Date.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President
of the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel,
who may be counsel for the Company; provided, however,
that any Opinion of Counsel with respect to the
interpretation or application of the REMIC Provisions
or the status of an account as an Eligible Account
shall be the opinion of independent counsel
satisfactory to the Trustee.
Original Subordinate Principal Balance: As set
forth in the definition of Senior Prepayment
Percentage.
Original Value: The value of the property
underlying a Mortgage Loan based, in the case of the
purchase of the underlying Mortgaged Property, on the
lower of an appraisal satisfactory to the Company or
the sales price of such property or, in the case of a
refinancing, on an appraisal satisfactory to the
Company.
Outstanding Mortgage Loan: With respect to any Due
Date, a Mortgage Loan which, prior to such Due Date,
was not the subject of a Principal Prepayment in full,
did not become a Liquidated Mortgage Loan and was not
purchased pursuant to Section 2.02, 2.03(a) or 3.16 or
replaced pursuant to Section 2.03(b).
Outstanding Non-Discount Mortgage Loan: Any
Outstanding Mortgage Loan that is a Non-Discount
Mortgage Loan.
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
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<PAGE>
(expressed as an annualized percentage) the numerator
of which is the Accrued Certificate Interest for such
Class and Distribution Date, and the denominator of
which is the Class Certificate Principal Balance (or,
in the case of the Notional Certificates, the Notional
Principal Balance) of such Class immediately prior to
such Distribution Date.
Percentage Interest: With respect to any
Certificate, the percentage interest in the undivided
beneficial ownership interest in the Trust Fund
evidenced by Certificates of the same Class as such
Certificate. With respect to any Certificate, the
Percentage Interest evidenced thereby shall equal the
Initial Certificate Principal Balance (or, in the case
of a Notional Certificate, the initial Notional
Principal Balance) thereof divided by the aggregate
Initial Certificate Principal Balance (or, in the case
of a Notional Certificate, the aggregate initial
Notional Principal Balance) of all Certificates of the
same Class.
Permitted Investments: One or more of the
following; provided, however, that no such Permitted
Investment may mature later than the Business Day
preceding the Distribution Date after such investment
except as otherwise provided in Section 3.02(e) hereof,
provided, further, that such investments qualify as
"cash flow investments" as defined in section
860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely
receipt of principal and interest by, the United States
or any agency or instrumentality thereof when such
obligations are backed by the full faith and credit of
the United States;
(ii) repurchase agreements on obligations
specified in clause (i) provided that the unsecured
obligations of the party agreeing to repurchase such
obligations are at the time rated by each Rating Agency
in the highest long-term rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S.
depository institution or trust company incorporated
under the laws of the United States or any state
provided that the debt obligations of such depository
institution or trust company at the date of acquisition
thereof have been rated by each Rating Agency in the
highest long-term rating category;
(iv) commercial paper of any corporation
incorporated under the laws of the United States or any
state thereof which on the date of acquisition has the
highest short term rating of each Rating Agency; and
(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,
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<PAGE>
unincorporated organization or government or any agency
or political subdivision thereof.
Plan: Any Person which is an employee benefit plan
subject to ERISA or a plan subject to section 4975 of
the Code.
Pledged Asset Loan-to-Value Ratio: With respect to
any Pledged Asset Mortgage Loan, (i) the original loan
amount less the portion of any required Additional
Collateral which is covered by the Surety Bond, divided
by (ii) the Original Value of the related Mortgaged
Property.
Pledged Asset Mortgage Loan: Each Mortgage 100SM
Loan and Parent PowerSM Loan purchased from MLCC that
is supported by Additional Collateral and identified on
Exhibit N hereto.
Pledged Asset Mortgage Servicing Agreement: The
Amended and Restated Pledged Asset Mortgage Servicing
Agreement, dated as of June 2, 1998 between MLCC and
the Company.
PO Percentage: As to any Discount Mortgage Loan, a
fraction (expressed as a percentage), the numerator of
which is the excess of 6.25% over the Net Mortgage Rate
of such Discount Mortgage Loan and the denominator of
which is 6.25%. 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 for such Distribution
Date, equals or exceeds (y) such percentage calculated
as of the Closing Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first
day through the fifteenth day of any calendar month
(other than the calendar month in which the Cut-off
Date occurs), all amounts paid in respect of interest
on such Principal Prepayment. For purposes of
determining the amount of Prepayment Interest Excess
for any month, a Voluntary Principal Prepayment in full
with respect to a Mortgage Loan serviced by a Primary
Servicer shall be deemed to have been received when the
Company, as servicer, receives notice thereof. All
Prepayment
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<PAGE>
Interest Excess shall be retained by the Company, as
servicer, as additional servicing compensation.
Prepayment Period: With respect to any
Distribution Date and any Voluntary Principal
Prepayment in part or other Principal Prepayment other
than a Voluntary Principal Prepayment in full, the
calendar month preceding the month of such Distribution
Date; with respect to any Distribution Date and any
Voluntary Principal Prepayment in full, the period
beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in
the case of the first Distribution Date, beginning on
the Cut-off Date) and ending on the fifteenth day of
the month in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of
private mortgage insurance relating to a particular
Mortgage Loan, or an electronic screen print setting
forth the information contained in such certificate of
private mortgage insurance, including, without
limitation, information relating to the name of the
mortgage insurance carrier, the certificate number, the
loan amount, the property address, the effective date
of coverage, the amount of coverage and the expiration
date of the policy. Each such policy covers defaults by
the Mortgagor, which coverage shall equal the portion
of the unpaid principal balance of the related Mortgage
Loan that exceeds 75% (or such lesser coverage required
or permitted by FNMA or FHLMC) of the Original Value of
the underlying Mortgaged Property.
Primary Servicer: Any servicer with which the
Company has entered into a servicing agreement, as
described in Section 3.01(f).
Principal Balance Schedules: Any principal balance
schedules attached hereto, if applicable, as Exhibit B,
setting forth the PAC Balances of any PAC Certificates
and PAC Components, the TAC Balances of any TAC
Certificates and TAC Components, and the Scheduled
Balances of any Scheduled Certificates and Scheduled
Components.
Principal Only Certificate: Any Class A9, Class
A11 or 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 November 20, 1998.
Prohibited Transaction Exemption: U.S. Department
of Labor Prohibited Transaction Exemption 90-29, 55
Fed. Reg. 21459, May 24, 1990.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
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Mortgage for (a) real estate property taxes and
property repair, replacement, protection and
preservation expenses and (b) similar expenses
reasonably paid or incurred to preserve or protect the
value of such Mortgage to the extent the Company is not
reimbursed therefor pursuant to the Primary Insurance
Policy, if any, or any other insurance policy with
respect thereto.
Proprietary Lease: With respect to a Cooperative
Loan, the proprietary lease(s) or occupancy agreement
with respect to the Cooperative Apartment occupied by
the Mortgagor and relating to the related Cooperative
Stock, which lease or agreement confers an exclusive
right to the holder of such Cooperative Stock to occupy
such apartment.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from
the Trust Fund, an amount equal to 100% of the unpaid
principal balance thereof plus interest thereon at the
applicable Mortgage Rate from the date to which
interest was last paid to the first day of the month in
which such purchase price is to be distributed;
provided, however, that if the Company is the servicer
hereunder, such purchase price shall be net of
unreimbursed Monthly Advances with respect to such
Mortgage Loan, and the interest component of the
Purchase Price may be computed on the basis of the
Remittance Rate for such Mortgage Loan.
QIB: A "qualified institutional buyer" as defined
in Rule 144A under the Securities Act of 1933, as
amended.
Rating Agency: Any statistical credit rating
agency, or its successor, that rated any of the
Certificates at the request of the Company at the time
of the initial issuance of the Certificates. If such
agency or a successor is no longer in existence,
"Rating Agency" shall be such statistical credit rating
agency, or other comparable Person, designated by the
Company, notice of which designation shall be given to
the Trustee. References herein to the two highest
long-term rating categories of a Rating Agency shall
mean such ratings without any modifiers. As of the date
of the initial issuance of the Certificates, the Rating
Agencies are Fitch and S&P; except that for purposes of
the Junior Certificates, other than the Class B5
Certificates, Fitch shall be the sole Rating Agency.
The Class B5 Certificates are issued without ratings.
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.
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Relief Act Mortgage Loan: Any Mortgage Loan as to
which the Monthly Payment thereof has been reduced due
to the application of the Relief Act.
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
REMIC Provisions: Provisions of the federal income
tax law relating to real estate mortgage investment
conduits, which appear at sections 860A through 860G of
Part IV of Subchapter M of Chapter 1 of the Code, and
related provisions, and U.S. Office of the Treasury
temporary or final regulations promulgated thereunder,
as the foregoing may be in effect from time to time, as
well as provisions of applicable state laws.
Remittance Rate: With respect to any Mortgage
Loan, the related Mortgage Rate less the sum of the
applicable Base Servicing Fee Rate and the Supplemental
Servicing Fee Rate.
REO Mortgage Loan: Any Mortgage Loan which is not
a Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the Trust Fund.
REO Proceeds: Proceeds, net of any related
expenses of the Company, received in respect of any REO
Mortgage Loan (including, without limitation, proceeds
from the rental of the related Mortgaged Property).
Required Surety Payment: With respect to any
Pledged Asset Mortgage Loan that becomes a Liquidated
Mortgage Loan, the lesser of (i) the principal portion
of the Realized Loss with respect to such Mortgage Loan
and (ii) the excess, if any, of (a) the amount of
Additional Collateral required at origination with
respect to such Mortgage Loan which is covered by the
Surety Bond over (b) the net proceeds realized by MLCC
from the liquidation of the related Additional
Collateral.
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
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.
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S&P: Standard & Poor's Ratings Services, a
division of The McGraw-Hill Companies, Inc., and its
successors.
SAIF: The Savings Association Insurance Fund of
the FDIC, or its successor in interest.
Scheduled Balance: As to any Distribution Date and
any Class of Scheduled Certificates and any Scheduled
Component, the balance designated as such for such
Distribution Date and such Class or Component as set
forth in the Principal Balance Schedules.
Scheduled Certificate: None.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage
Loan and Distribution Date, the principal balance of
such Mortgage Loan as of the Due Date in the month next
preceding the month of such Distribution Date (or, if
so specified, such other date) as specified in the
amortization schedule at the time relating to such
Mortgage Loan (before any adjustment to such
amortization schedule by reason of any bankruptcy or
similar proceeding or any moratorium or similar waiver
or grace period) after giving effect to any previous
Principal Prepayments, Deficient Valuations incurred
subsequent to the Bankruptcy Coverage Termination Date,
adjustments due to the application of the Relief Act
and the payment of principal due on such Due Date,
irrespective of any delinquency in payment by the
related Mortgagor. As to any Mortgage Loan and the
Cut-off Date, the "unpaid balance" thereof specified in
the initial Mortgage Loan Schedule.
Security Agreement: With respect to a Cooperative
Loan, the agreement creating a security interest in
favor of the originator in the related Cooperative
Stock and Proprietary Lease.
Senior Certificate: Any Certificate other than a
Junior Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date, an amount equal to the sum of the
Certificate Principal Balances of the Senior
Certificates (other than any Class PO Certificates).
Senior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of:
(i) the Senior Percentage of the applicable Non-PO
Percentage of the principal portion of each Monthly
Payment due on the related Due Date on each Outstanding
Mortgage Loan as of such Due Date as specified in the
amortization schedule at the time applicable thereto
(after adjustments for previous Principal Prepayments
and the principal portion of Debt Service Reductions
subsequent to the Bankruptcy Coverage Termination Date
but before any adjustment to such amortization schedule
by reason of any bankruptcy (except as aforesaid) or
similar proceeding or any moratorium or similar waiver
or grace period);
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(ii) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part received during the related
Prepayment Period, together with the Senior Prepayment
Percentage of the applicable Non-PO Percentage of the
Scheduled Principal Balance of each Mortgage Loan which
was the subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the lesser of (x) the Senior Percentage of
the applicable Non-PO Percentage of the sum of (A) the
Scheduled Principal Balance of each Mortgage Loan that
became a Liquidated Mortgage Loan (other than Mortgage
Loans described in clause (B)) during the related
Prepayment Period and (B) the Scheduled Principal
Balance of each Mortgage Loan that was purchased by an
insurer from the Trustee during the related Prepayment
Period pursuant to the related Primary Insurance
Policy, as reduced in each case by the Senior
Percentage of the applicable Non-PO Percentage of the
principal portion of any Excess Losses (other than
Excess Bankruptcy Losses attributable to Debt Service
Reductions), and (y) the Senior Prepayment Percentage
of the applicable Non-PO Percentage of the sum of (A)
all Net Liquidation Proceeds allocable to principal
received in respect of each such Liquidated Mortgage
Loan (other than Mortgage Loans described in clause
(B)) and (B) the principal balance of each such
Mortgage Loan purchased by an insurer from the Trustee
pursuant to the related Primary Insurance Policy, in
each case during the related Prepayment Period;
(iv) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled Principal
Balance of each Mortgage Loan which was purchased on
such Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution Amount
for any Mortgage Loan substituted during the month of
such Distribution Date.
For purposes of clause (ii) above, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to
have been received when the Company, as servicer,
receives notice thereof.
Senior Percentage: As to any Distribution Date,
the lesser of (i) 100% and (ii) the percentage (carried
to 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
November 2003 to and including the Distribution Date in
November 2004, the Senior Percentage for such
Distribution Date plus 70% of the Junior Percentage for
such Distribution Date;
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(ii) for any Distribution Date subsequent to
November 2004 to and including the Distribution Date in
November 2005, the Senior Percentage for such
Distribution Date plus 60% of the Junior Percentage for
such Distribution Date;
(iii) for any Distribution Date subsequent to
November 2005 to and including the Distribution Date in
November 2006, the Senior Percentage for such
Distribution Date plus 40% of the Junior Percentage for
such Distribution Date;
(iv) for any Distribution Date subsequent to
November 2006 to and including the Distribution Date in
November 2007, the Senior Percentage for such
Distribution Date plus 20% of the Junior Percentage for
such Distribution Date; and
(v) for any Distribution Date thereafter, the
Senior Percentage for such Distribution Date.
Notwithstanding the foregoing, if on any
Distribution Date the Senior Percentage exceeds the
Senior Percentage as of the Closing Date, the Senior
Prepayment Percentage for such Distribution Date will
equal 100%.
In addition, notwithstanding the foregoing, no
reduction of the Senior Prepayment Percentage below the
level in effect for the most recent prior period as set
forth in clauses (i) through (iv) above shall be
effective on any Distribution Date unless at least one
of the following two tests is satisfied:
Test I: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans
delinquent 60 days or more (including for this purpose
any Mortgage Loans in foreclosure and REO Mortgage
Loans) as a percentage of the aggregate Class
Certificate Principal Balance of the Junior
Certificates as of such date, does not exceed 50%, and
(ii) cumulative Realized Losses with respect to the
Mortgage Loans do not exceed (a) 30% of the aggregate
Class Certificate Principal Balance of the Junior
Certificates as of the Closing Date (the "Original
Subordinate Principal Balance") if such Distribution
Date occurs between and including December 2003 and
November 2004, (b) 35% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including December 2004 and November 2005,
(c) 40% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
December 2005 and November 2006, (d) 45% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including December
2006 and November 2007 and (e) 50% of the Original
Subordinate Principal Balance if such Distribution Date
occurs during or after December 2007; or
Test II: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans
delinquent 60 days or more (including for this purpose
any Mortgage Loans in foreclosure and REO Mortgage
Loans) averaged over the last three months, as a
percentage of the aggregate Scheduled Principal Balance
of Mortgage Loans averaged over the last three months,
does not exceed 4%, and (ii) cumulative Realized Losses
with respect to the Mortgage Loans do
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not exceed (a) 10% of the Original Subordinate
Principal Balance if such Distribution Date occurs
between and including December 2003 and November 2004,
(b) 15% of the Original Subordinate Principal Balance
if such Distribution Date occurs between and including
December 2004 and November 2005, (c) 20% of the
Original Subordinate Principal Balance if such
Distribution Date occurs between and including December
2005 and November 2006, (d) 25% of the Original
Subordinate Principal Balance if such Distribution Date
occurs between and including December 2006 and November
2007, and (e) 30% of the Original Subordinate Principal
Balance if such Distribution Date occurs during or
after December 2007.
Servicer's Certificate: A certificate, completed
by and executed on behalf of the Company by a Servicing
Officer in accordance with Section 4.06, substantially
in the form of Exhibit D hereto or in such other form
as the Company and the Trustee shall agree.
Servicing Fee: As to any Mortgage Loan and
Distribution Date, the sum of (a) the Base Servicing
Fee and (b) the Supplemental Servicing Fee.
Servicing Officer: Any officer of the Company
involved in, or responsible for, the administration and
servicing of the Mortgage Loans whose name appears on a
list of servicing officers attached to an Officer's
Certificate furnished to the Trustee by the Company, as
such list may from time to time be amended.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or initial Notional
Principal Balance, of $1,000 or, in the case of a Class
of Certificates issued with an initial Class
Certificate Principal Balance or initial Notional
Principal Balance of less than $1,000, such lesser
amount.
Special Event Loss: Any Fraud Loss, Special Hazard
Loss or Deficient Valuation.
Special Hazard Loss: (i) A Realized Loss suffered
by a Mortgaged Property on account of direct physical
loss, exclusive of (a) any loss covered by a hazard
policy or a flood insurance policy required to be
maintained in respect of such Mortgaged Property under
Section 3.06 and (b) any loss caused by or resulting
from:
(A) normal wear and tear;
(B) conversion or other dishonest act on the
part of the Trustee, the Company or any of their
agents or employees; or
(C) errors in design, faulty workmanship or
faulty materials, unless the collapse of the
property or a part thereof ensues;
or (ii) any Realized Loss suffered by the Trust
Fund arising from or related to the presence or
suspected presence of hazardous wastes or hazardous
substances on a Mortgaged Property unless such loss to
a Mortgaged Property is covered by a hazard
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policy or a flood insurance policy required to be
maintained in respect of such Mortgaged Property under
Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $5,221,027 minus the sum of
(i) the aggregate amount of Special Hazard Losses that
would have been allocated to the Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the Adjustment Amount
(as defined below) as most recently calculated. On each
anniversary of the Cut-off Date, the "Adjustment
Amount" shall be equal to the amount, if any, by which
the amount calculated in accordance with the preceding
sentence (without giving effect to the deduction of the
Adjustment Amount for such anniversary) exceeds the
lesser of (x) the greater of (A) the product of the
Special Hazard Percentage for such anniversary
multiplied by the outstanding principal balance of all
the Mortgage Loans on the Distribution Date immediately
preceding such anniversary and (B) twice the
outstanding principal balance of the Mortgage Loan
which has the largest outstanding principal balance on
the Distribution Date immediately preceding such
anniversary, and (y) an amount calculated by the
Company and approved by each Rating Agency, which
amount shall not be less than $500,000.
Special Hazard Percentage: As of each anniversary
of the Cut-off Date, the greater of (i) 1.00% and (ii)
the largest percentage obtained by dividing (x) the
aggregate outstanding principal balance (as of the
immediately preceding Distribution Date) of the
Mortgage Loans secured by Mortgaged Properties located
in a single, five-digit zip code area in the State of
California by (y) the outstanding principal balance of
all the Mortgage Loans as of the immediately preceding
Distribution Date.
Special Hazard Termination Date: The Distribution
Date upon which the Special Hazard Loss Amount has been
reduced to zero or a negative number (or the Cross-Over
Date, if earlier).
Specified Component: None.
Startup Day: As defined in Section 2.05(b).
Subordinate Certificates: As to any date of
determination, first, the Class B5 Certificates until
the Class Certificate Principal Balance thereof has
been reduced to zero; second, the Class B4 Certificates
until the Class Certificate Principal Balance thereof
has been reduced to zero; third, the Class B3
Certificates until the Class Certificate Principal
Balance thereof has been reduced to zero; fourth, the
Class B2 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero;
fifth, the Class B1 Certificates until the Class
Certificate Principal Balance thereof has been reduced
to zero; and sixth, the Class M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero.
Subordinate Certificate Writedown Amount: As to
any Distribution Date, first, any amount distributed to
the Class PO Certificates on such Distribution Date
pursuant to Section 4.01(a)(iv) and second, after
giving effect to the application of clause first above,
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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 6.25%.
Surety: Ambac Assurance Corporation, or its
successors in interest.
Surety Bond: The Limited Purpose Surety Bond
(Policy No. AB0039BE), dated February 28, 1996, issued
by the Surety for the benefit of certain beneficiaries,
including the Trustee for the benefit of the Holders of
the Certificates, but only to the extent that such
Limited Purpose Surety Bond covers any Pledged Asset
Mortgage Loans.
TAC Balance: As to any Distribution Date and any
Class of TAC Certificates and any TAC Component, the
balance designated as such for such Distribution Date
and such Class or Component as set forth in the
Principal Balance Schedules attached as Exhibit B
hereto.
TAC Certificates: None.
TAC Component: None.
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,
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to maintain the Company's net worth or liquidity (as
such terms are defined therein) at the levels specified
therein, or if such support agreement, including any
amendment thereto, has been breached, terminated or
otherwise held to be unenforceable and (iv) if such
support agreement, including any amendment thereto, is
amended or modified.
Trust Fund: The corpus of the trust created by
this Agreement evidenced by the Certificates and
consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of
such Mortgage Loans, except as otherwise described in
the first paragraph of Section 2.01, including the
proceeds from the liquidation of any Additional
Collateral for any Pledged Asset Mortgage Loan;
(iii) the obligation of the Company to deposit in
the Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a), and the
obligation of the Trustee to deposit in the Certificate
Account any amount required pursuant to Section
4.04(b);
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan pursuant to Section
2.02 or 2.03;
(v) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO Mortgage
Loan;
(vi) the proceeds of the Primary Insurance
Policies, if any, and the hazard insurance policies
required by Section 3.06, in each case, in respect of
the Mortgage Loans, and the Company's interest in the
Surety Bond transferred to the Trustee pursuant to
Section 2.01;
(vii) the Certificate Account established pursuant
to Section 3.02(d);
(viii) the Eligible Account or Accounts, if any,
established pursuant to Section 3.02(e);
(ix) any collateral funds established to secure
the obligations of the Holder of the Class B4 and Class
B5 Certificates, respectively, under any agreements
entered into between such holder and the Company
pursuant to Section 3.08(e) (which collateral funds
will not constitute a part of any REMIC established
hereunder); and
(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.
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Unanticipated Recovery: As defined in Section
4.01(e) herein.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete
restoration of the property is not fully reimbursable
by the hazard insurance policies required to be
maintained pursuant to Section 3.06.
Unpaid Class Interest Shortfall: As to any
Distribution Date and any Class of Certificates (other
than any Class of Principal Only Certificates and any
Class consisting of Specified Components) or any
Specified Component (other than any Principal Only
Component), the amount, if any, by which the aggregate
of the Class Interest Shortfalls for such Class or in
respect of such Specified Component for prior
Distribution Dates is in excess of the aggregate
amounts distributed on prior Distribution Dates to
Holders of such Class of Certificates or in respect of
such Specified Component (or added to the Class
Certificate Principal Balance of any Class of Accrual
Certificates, or to the Component Principal Balance of
any Accrual Component constituting a Specified
Component) pursuant to Section 4.01(a)(ii), in the case
of the Senior Certificates (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. Voting Rights shall be allocated among
the Classes (and among the Certificates within each
Class of Certificates) in proportion to their Class
Certificate Principal Balances (or Certificate
Principal Balances or Notional Principal Balances), as
the case may be.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. (a) The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee 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;
(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;
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(vi) Copies of the original UCC-1 financing
statement, and any continuation statements, filed by
the originator of such Cooperative Loan as secured
party, each with evidence of recording thereof,
evidencing the interest of the originator in the
Cooperative Stock and the Proprietary Lease;
(vii) If applicable, copies of the UCC-3
assignments of the security interest described in
clause (vi) above, sent to the appropriate public
office for filing, showing an unbroken chain of title
from the originator to the Company, evidencing the
security interest of the originator in the Cooperative
Stock and the Proprietary Lease;
(viii) An executed assignment (which may be a
blanket assignment for all Cooperative Loans) of the
interest of the Company in the Security Agreement,
Assignment of Proprietary Lease and the recognition
agreement described in clause (iv) above, showing an
unbroken chain of title from the originator to the
Trustee; and
(ix) A UCC-3 assignment from the Company to the
Trustee of the security interest described in clause
(vi) above, in form suitable for filing, otherwise
complete except for filing information regarding the
original UCC-1 if unavailable (which may be included in
a blanket assignment to the Trustee).
In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
the Trustee in accordance with Section 2.01(b)(1)(iii) prior to
or concurrently with the execution and delivery of this
Agreement, due to a delay in connection with recording of the
Mortgage, the Company may, in lieu of delivering the completed
assignment in recordable form, deliver to the Trustee the
assignment in such form, otherwise complete except for recording
information.
(3) With respect to each Designated Loan, the Company
does hereby deliver to the Trustee the Designated Loan
Closing Documents.
(c) In connection with each Mortgage Loan transferred and
assigned to the Trustee, the Company shall deliver to the Trustee
the following documents or instruments as promptly as
practicable, but in any event within 30 days, after receipt by
the Company of all such documents and instruments for all of the
outstanding Mortgage Loans:
(i) the Mortgage with evidence of recording indicated
thereon (other than with respect to a Cooperative Loan);
(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
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(iv) with respect to any Cooperative Loan that has been
assigned to the Company, the related filed intervening UCC-3
financing statements (not previously delivered pursuant to
Section 2.01(b)(2)(vii)), showing a complete chain of
assignment from the named originator to the Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) title insurance binders with respect to the Mortgage Loans
(other than with respect to a Cooperative Loan). The Company
shall also retain in its files evidence of any primary mortgage
insurance relating to the Mortgage Loans during the period when
the related insurance is in force. Such evidence shall consist,
for each Mortgage Loan, of a certificate of private mortgage
insurance relating to such Mortgage Loan or an electronic screen
print setting forth the information contained in such certificate
of private mortgage insurance, including, without limitation,
information relating to the name of the mortgage insurance
carrier, the certificate number, the loan amount, the property
address, the effective date of coverage, the amount of coverage
and the expiration date of the policy. (The copies of the
Mortgage, intervening assignments of Mortgage, if any, title
insurance binder and the Primary Insurance Policy, if any,
described in the second and third preceding sentences are
collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the
Trustee in writing if such delivery to the Trustee shall not have
occurred on or before the first anniversary of the Closing Date.
The Company shall promptly furnish to the Trustee the documents
included in the Document Files (other than any such documents
previously delivered to the Trustee as originals or copies)
either (a) upon the written request of the Trustee or (b) when
the Company or the Trustee obtains actual notice or knowledge of
a Trigger Event. The Trustee shall have no obligation to request
delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
(d) The Company shall not be required to record the
assignments of the Mortgages referred to in Section
2.01(b)(1)(iii) or file the UCC-3 assignments referred to in
Section 2.01(b)(2)(ix) to the Trustee unless the Company or the
Trustee obtains actual notice or knowledge of the occurrence of
any Trigger Event; provided, however, that such recording or
filing shall not be required if the Company delivers to the
Trustee a letter from each Rating Agency to the effect that the
failure to take such action will not cause such Rating Agency to
reduce or withdraw its then current ratings of the Certificates.
The party obtaining actual notice 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
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Trustee and shall cause the same to be recorded or filed, at the
Company's expense, in the appropriate public office for real
property records or UCC financing statements, except that the
Company need not cause to be so completed and recorded any
assignment of mortgage which relates to a Mortgage Loan secured
by property in a jurisdiction under the laws of which, on the
basis of an Opinion of Counsel reasonably satisfactory to the
Trustee and satisfactory to each Rating Agency (as evidenced in
writing), recordation of such assignment is not necessary to
protect the Trustee against discharge of such Mortgage Loan by
the Company or any valid assertion that any Person other than the
Trustee has title to or any rights in such Mortgage Loan. In the
event that the Company fails or refuses to record or file the
assignment of Mortgages or UCC-3 financing statement in the
circumstances provided above, the Trustee shall record or cause
to be recorded or filed such assignment or UCC-3 financing
statement at the expense of the Company. In connection with any
such recording or filing, the Company shall furnish such
documents as may be reasonably necessary to accomplish such
recording or filing. Notwithstanding the foregoing, at any time
the Company may record or file, or cause to be recorded or filed,
the assignments of Mortgages or UCC-3 financing statement at the
expense of the Company.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt of the Mortgage Notes, the assignments of the Mortgages
to the Trustee, the assumption and modification agreements, if
any, the documents specified in Section 2.01(b)(2) (subject to
any permitted delayed delivery of the documents described in
Section 2.01(c)(iv)), and the Designated Loan Closing Documents,
if any, delivered pursuant to Section 2.01, and declares that the
Trustee holds and will hold such documents and each other
document delivered to it pursuant to Section 2.01 in trust, upon
the trusts herein set forth, for the use and benefit of all
present and future Certificateholders. The Trustee agrees, for
the benefit of Certificateholders, to review each Mortgage File
within 45 days after (i) the execution and delivery of this
Agreement, in the case of the Mortgage Notes, the assignments of
the Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2)
(subject to any permitted delayed delivery of the documents
described in Section 2.01(c)(iv)), and the Designated Loan
Closing Documents, if any, (ii) delivery to the Trustee after the
Closing Date of the Mortgage Notes and the assumption and
modification agreements, if any, with respect to each Designated
Loan, and (iii) delivery of the recorded Mortgages, title
insurance policies, recorded intervening assignments of Mortgage,
if any, and filed intervening UC 3 financing statements, if any,
with respect to any Cooperative Loan to ascertain that all
required documents set forth in Section 2.01 have been executed,
received and recorded, if applicable, and that such documents
relate to the Mortgage Loans identified in Exhibit C hereto. In
performing such examination, the Trustee may conclusively assume
the due execution and genuineness of any such document and the
genuineness of any signature thereon. 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
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the Company in writing, which shall have a period of 60 days
after receipt of such notice to correct or cure any such defect.
The Company hereby covenants and agrees that, if any such
material defect cannot be corrected or cured, the Company will on
a Distribution Date which is not later than the first
Distribution Date which is more than ten days after the end of
such 60-day period repurchase the related Mortgage Loan from the
Trustee at the Purchase Price therefor or replace such Mortgage
Loan pursuant to Section 2.03(b); provided, however, that if the
defect (or breach pursuant to Section 2.03(a)) is one that, had
it been discovered before the Startup Day, would have prevented
the Mortgage Loan from being a "qualified mortgage" within the
meaning of the REMIC Provisions, such defect or breach shall be
cured, or the related Mortgage Loan shall be repurchased or
replaced, on a Distribution Date which falls within 90 days of
the date of discovery of such defect or breach. The Purchase
Price for the repurchased Mortgage Loan, or any amount required
in respect of a substitution pursuant to Section 2.03(b), shall
be deposited by the Company in the Certificate Account pursuant
to Section 3.02(d) on the Business Day prior to the applicable
Distribution Date and, upon receipt by the Trustee of written
notification of such deposit signed by a Servicing Officer, the
Trustee shall release or cause to be released to the Company the
related Mortgage File and shall execute and deliver or cause to
be executed and delivered such instruments of transfer or
assignment, in each case without recourse, as shall be necessary
to vest in the Company any Mortgage Loan released pursuant
hereto. It is understood and agreed that the obligation of the
Company to repurchase or replace any Mortgage Loan as to which a
material defect in a constituent document exists shall constitute
the sole remedy respecting such defect available to
Certificateholders or the Trustee on behalf of
Certificateholders.
Upon receipt by the Trustee of the Mortgage Note with
respect to a Designated Loan that is not defective in accordance
with the fifth sentence of the preceding paragraph, the related
Lost Note Affidavit delivered pursuant to Section 2.01 shall be
void and the Trustee shall return it to the Company.
Section 2.03. Representations and Warranties of the Company;
Mortgage Loan Repurchase. (a) The Company hereby represents and
warrants to the Trustee that:
(i) The information set forth in Exhibit C hereto
was true and correct in all material respects at the
date or dates respecting which such information is
furnished;
(ii) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative
Loans, each Mortgage is a valid and enforceable first
lien on the property securing the related Mortgage Note
subject only to (a) the lien of current real property
taxes and assessments, (b) covenants, conditions and
restrictions, rights of way, easements and other
matters of public record as of the date of recording of
such Mortgage, such exceptions appearing of record
being acceptable to mortgage lending institutions
generally in the area wherein the property subject to
the Mortgage is located or specifically reflected in
the appraisal obtained in connection with the
origination of the related Mortgage Loan obtained by
the Company and (c) other matters to which like
properties are commonly subject which do not materially
interfere with the benefits of the security intended to
be provided by such Mortgage;
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(iii) Immediately prior to the transfer and
assignment herein contemplated, the Company had good
title to, and was the sole owner of, each Mortgage Loan
and all action had been taken to obtain good record
title to each related Mortgage. Each Mortgage Loan has
been transferred free and clear of any liens, claims
and encumbrances;
(iv) As of the date of the initial issuance of the
Certificates, no payment of principal of or interest on
or in respect of any Mortgage Loan is 30 or more days
past due and none of the Mortgage Loans have been past
due 30 or more days more than once during the preceding
12 months;
(v) As of the date of the initial issuance of the
Certificates, 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;
(vii) As of the date of the initial issuance of
the Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage,
including the obligation of the Mortgagor to pay the
unpaid principal and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of
the Certificates, the physical property subject to any
Mortgage (or, in the case of a Cooperative Loan, the
related Cooperative Apartment) is free of material
damage and is in good repair;
(ix) Each Mortgage Loan at the time it was made
complied in all material respects with applicable state
and federal laws, including, without limitation, usury,
equal credit opportunity and disclosure laws;
(x) Other than with respect to Cooperative Loans,
a lender's title insurance policy or binder, or other
assurance of title insurance customary in the relevant
jurisdiction therefor was issued on the date of the
origination of each Mortgage Loan and each such policy
or binder is valid and remains in full force and
effect;
(xi) None of the Mortgage Loans constitute Pledged
Asset Mortgage Loans. The Loan-to-Value Ratio of each
Mortgage Loan was not more than 95.00%. As of the
Cut-off Date, no more than 13.00% 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
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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 8.625% 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
9.25% 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 1.25% 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 Mortgaged Properties located in any one
postal zip code area;
(xvi) As of the Cut-off Date, at least 98.00% 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 95.25% 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 2.25%
of the Mortgage Loans by Scheduled Principal Balance
are secured by condominiums and, as of the Cut-off
Date, no more than 1.00% 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,
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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 0.75% 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, none of the Mortgage
Loans constituted Buydown Mortgage Loans.
(xxi) The original principal balances of the
Mortgage Loans range from $227,200.00 to $1,299,000.00;
(xxii) As of the Cut-off Date, no more than 1.75%
of the Mortgage Loans by Scheduled Principal Balance
are secured by second homes and no more than 0.50% of
the Mortgage Loans by Scheduled Principal Balance are
secured by investor-owned properties;
(xxiii) All appraisals have been prepared
substantially in accordance with the description
contained under the caption "The Trust Fund - The
Mortgage Loans" in the Company's prospectus dated
October 22, 1998, accompanying the Prospectus
Supplement dated November 20, 1998, pursuant to which
certain Classes of the Certificates were publicly
offered;
(xxiv) No selection procedures, other than those
necessary to comply with the representations and
warranties set forth herein or the description of the
Mortgage Loans made in any disclosure document
delivered to prospective investors in the Certificates,
have been utilized in selecting the Mortgage Loans from
the Company's portfolio which would be adverse to the
interests of the Certificateholders;
(xxv) Other than with respect to Cooperative
Loans, to the best of the Company's knowledge, at
origination no improvement located on or being part of
a Mortgaged Property was in violation of any applicable
zoning and subdivision laws and ordinances;
(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
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material or interfere with the habitability or legal
occupancy of the Mortgaged Property. Mortgage Loan
amounts sufficient to effect any such completion are in
escrow for release upon or in connection with such
completion or a performance bond or completion bond is
in place to provide funds for this purpose and such
completion shall be accomplished within 120 days after
weather conditions permit the commencement thereof;
(xxvii) As of the Closing Date, each Mortgage Loan
is a "qualified mortgage" as defined in Section
860G(a)(3) of the Code;
(xxviii) As of the Closing Date, the Company
possesses the Document File with respect to each
Mortgage Loan, and, other than with respect to
Cooperative Loans, the related Mortgages and
intervening assignment or assignments of Mortgages, if
any, have been delivered to a title insurance company
for recording;
(xxix) As of the Cut-Off Date, no more than 0.50%
of the Mortgage Loans, 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) The lien created by the related Security
Agreement is a valid, enforceable and subsisting
first priority security interest in the related
Cooperative Stock securing the related Mortgage
Note, subject only to (a) liens of the
Cooperative for unpaid assessments representing
the Mortgagor's pro rata share of the
Cooperative's payments for its blanket mortgage,
current and future real property taxes, insurance
premiums, maintenance fees and other assessments
to which like collateral is commonly subject and
(b) other matters to which like collateral is
commonly subject which do not materially
interfere with the benefits of the security
intended to be provided by the Security
Agreement. There are no liens against or security
interest in the Cooperative Stock relating to
such Cooperative Loan (except for unpaid
maintenance, assessments and other amounts owed
to the related Cooperative which individually or
in the aggregate do not have a material adverse
effect on such Cooperative Loan), which have
priority over the Trustee's security interest in
such Cooperative Stock;
(C) The Cooperative Stock that is pledged as
security for the Mortgage Loan is held by a
person as a "tenant-stockholder" within the
meaning of section 216 of the Code, the related
Cooperative that owns title to the related
cooperative apartment building is a "cooperative
housing corporation" within the meaning of
section 216 of the Code, and such Cooperative is
in material compliance with applicable federal,
state
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and local laws which, if not complied with, could
have a material adverse effect on the Mortgaged
Property; and
(D) There is no prohibition against pledging
the Cooperative Stock or assigning the Proprietary
Lease; and
(xxx) With respect to each Mortgage Loan
identified on Exhibit C as having been originated or
acquired under the Company's Enhanced Streamlined
Refinance program, the value of the related Mortgaged
Property, as of the date of such origination or
acquisition under the Company's Enhanced Streamlined
Refinance program, is no less than the value thereof
established at the time the mortgage loan that is the
subject of the refinancing was originated.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(ix) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA") or any state truth-in lending or similar
statute, and the Trustee or the Trust Fund is named as a
defendant in a TILA suit or a suit under any such statutes in
respect of such violation and liability in respect thereof is
imposed upon the Trustee or the Trust Fund as assignees of the
related Mortgage Loan pursuant to Section 1641 of TILA, or any
analogous provision of any such statute, the Company shall
indemnify the Trustee and the Trust Fund from, and hold them
harmless against, any and all losses, liabilities, damages,
claims or expenses (including reasonable attorneys' fees) to
which the Trustee and the Trust Fund, or either of them, become
subject pursuant to TILA or any such statute, insofar as such
losses, damages, claims or expenses (including reasonable
attorneys' fees) result from such violation. The Company's
obligations under the preceding sentence shall not impair or
derogate from the Company's obligations to the Trustee under
Section 8.05.
(b) If the Company is required to repurchase any Mortgage
Loan pursuant to Section 2.02 or 2.03(a), the Company may, at its
option, within the applicable time period specified in such
respective Sections, remove such Defective Mortgage Loan from the
terms of this
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Agreement and substitute one or more other mortgage
loans for such Defective Mortgage Loan, in lieu of repurchasing
such Defective Mortgage Loan, provided that no such substitution
shall occur more than two years after the Closing Date. Any
substitute Mortgage Loan shall (a) have a Scheduled Principal
Balance (together with that of any other Mortgage Loan
substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in
excess of the Scheduled Principal Balance of the Defective
Mortgage Loan as of such date (the amount of any difference, plus
one month's interest thereon at the respective Remittance Rate,
to be deposited by the Company in the Certificate Account
pursuant to Section 2.02), (b) have a Mortgage Rate not less
than, and not more than one percentage point greater than, the
Mortgage Rate of the Defective Mortgage Loan, (c) have the same
Net Mortgage Rate as the Defective Mortgage Loan, (d) have a
remaining term to stated maturity not later than, and not more
than one year less than, the remaining term to stated maturity of
the Defective Mortgage Loan, (e) be, in the reasonable
determination of the Company, of the same type, quality and
character as the Defective Mortgage Loan as if the defect or
breach had not occurred, (f) have a ratio of its current
principal amount to its Original Value not greater than that of
the removed Mortgage Loan and (g) be, in the reasonable
determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of
the date of substitution.
The Company shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Defective Mortgage Loan and the
substitution of a substitute Mortgage Loan therefor. Upon such
amendment the Company shall be deemed to have made as to such
substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution,
which shall be continuing as long as any Certificate shall be
outstanding or this Agreement has not been terminated, and the
remedies for breach of any such representation or warranty shall
be as set forth in Section 2.03(a). Upon such amendment, the
Trustee shall review the Mortgage File delivered to it relating
to the substitute Mortgage Loan, within the time and in the
manner and with the remedies specified in Section 2.02, except
that for purposes of this Section 2.03(b) (other than the
two-year period specified in the first sentence of the preceding
paragraph of this Section 2.03(b)), such time shall be measured
from the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee has
caused to be executed, countersigned and delivered to or upon the
order of the Company, in exchange for the Mortgage Loans, the
Certificates in authorized denominations evidencing the entire
ownership of the Trust Fund.
Section 2.05. Designations under the REMIC Provisions. (a)
The Company hereby designates the Classes of Certificates
identified in Section 5.01(b), other than the Residual
Certificate, as "regular interests," and the Class R Certificate
as the single class of "residual interest," in the REMIC
established hereunder for purposes of the REMIC Provisions.
(b) The Closing Date will be the "Startup Day" for the REMIC
established hereunder for purposes of the REMIC Provisions.
(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
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Class R Certificate, or (ii) in any other case, the beneficial
owner of the Class R Certificate having the largest Percentage
Interest of such Class; provided, however, that such largest
beneficial owner and, to the extent relevant, each other holder
of a Class R Certificate, by its acceptance thereof irrevocably
appoints the Company as its agent and attorney-in-fact to act as
"tax matters person" with respect to the REMIC established
hereunder for purposes of the REMIC Provisions.
(d) The "latest possible maturity date" of the regular
interests in the REMIC established hereunder is the Latest
Possible Maturity Date for purposes of section 860G(a)(1) of the
Code.
(e) In the event that the Servicing Fee exceeds the amount
reasonable for such services (within the meaning of Treasury
Regulation 1.860D-1(b)(1)(ii)), the portion or portions of such
fee that can be measured as a fixed number of basis points on
some or all of the Mortgage Loans and can be treated as one or
more stripped coupons within the meaning of Treasury Regulation
1.860D-1(b)(2)(iii) shall be treated as such stripped coupons and
shall not be treated as a REMIC asset.
ARTICLE III
ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that the REMIC established hereunder shall constitute,
and that the affairs of the REMIC shall be conducted so as to
qualify the Trust Fund (other than any collateral fund
established under the agreement referred to in Section 3.08(e)),
as a "real estate mortgage investment conduit" as defined in and
in accordance with the REMIC Provisions. In furtherance of such
intention, the Company covenants and agrees that it shall act as
agent (and the Company is hereby appointed to act as agent) on
behalf of the Trust Fund and the Holders of the Residual
Certificates and that in such capacity it shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and
prepare and file or cause to be prepared and filed with
the Internal Revenue Service and applicable state or
local tax authorities income tax or information returns
for each taxable year with respect to the REMIC
established hereunder, using the calendar year as the
taxable year and the accrual method of accounting,
containing such information and at the times and in the
manner as may be required by the Code or state or local
tax laws, regulations, or rules, and shall furnish or
cause to be furnished to Certificateholders the
schedules, statements or information at such times and
in such manner as may be required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal
Revenue Service, on Form 8811 or as otherwise may be
required by the Code, the name, title, address, and
telephone number of the person that the holders of the
Certificates may contact for tax information relating
thereto
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(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(a) hereof on the federal tax return of the Trust
Fund for its first taxable year (and, if necessary,
under applicable state law);
(iv) prepare and forward, or cause to be prepared
and forwarded, to the Certificateholders and to the
Internal Revenue Service and, if necessary, state tax
authorities, all information returns or reports, or
furnish or cause to be furnished by telephone, mail,
publication or other appropriate method such
information, as and when required to be provided to
them in accordance with the REMIC Provisions, including
without limitation, the calculation of any original
issue discount using the Prepayment Assumption
Multiple;
(v) provide information necessary for the
computation of tax imposed on the transfer of a
Residual Certificate to a Disqualified Organization, or
an agent (including a broker, nominee or other
middleman) of a Disqualified Organization, or a
pass-through entity in which a Disqualified
Organization is the record holder of an interest (the
reasonable cost of computing and furnishing such
information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct
the affairs of the REMIC established hereunder at all
times that any Certificates are outstanding so as to
maintain the status thereof as a REMIC under the REMIC
Provisions;
(vii) not knowingly or intentionally take any
action or omit to take any action that would cause the
termination of the REMIC status of the REMIC or that
would subject the Trust Fund to tax;
(viii) exercise reasonable care not to allow the
creation of any "interests" in the REMIC within the
meaning of section 860D(a)(2) of the Code other than
the interests represented by the Classes of
Certificates identified in Section 5.01(b);
(ix) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless the Company
shall have provided an Opinion of Counsel to the
Trustee that such occurrence would not (a) result in a
taxable gain, (b) otherwise subject the Trust Fund to
tax, or (c) cause the REMIC established hereunder to
fail to qualify as a REMIC;
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(x) exercise reasonable care not to allow the
Trust Fund to receive income from the performance of
services or from assets not permitted under the REMIC
Provisions to be held by a REMIC;
(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on
certain contributions to the REMIC after the Startup
Day, and taxes on net income from foreclosure property,
imposed on the Trust Fund when and as the same shall be
due and payable (but such obligation shall not prevent
the Company or any other appropriate Person from
contesting any such tax in appropriate proceedings and
shall not prevent the Company from withholding payment
of such tax, if permitted by law, pending the outcome
of such proceedings);
(xii) ensure that federal, state or local income
tax or information returns shall be signed by the
Trustee or such other person as may be required to sign
such returns by the Code or state or local laws,
regulations or rules; and
(xiii) maintain such records relating to the REMIC
established hereunder, including but not limited to the
income, expenses, individual Mortgage Loans (including
Mortgaged Property), other assets and liabilities
thereof, and the fair market value and adjusted basis
of the property of each determined at such intervals as
may be required by the Code, as may be necessary to
prepare the foregoing returns, schedules, statements or
information.
The Company shall be entitled to be reimbursed
pursuant to Section 3.04 for any federal income taxes paid by it
pursuant to clause (xi) of the preceding sentence, except to the
extent that such taxes are imposed as a result of the bad faith,
misfeasance or negligence of the Company in the performance of
its obligations hereunder. With respect to any reimbursement of
prohibited transaction taxes, the Company shall inform the
Trustee of the circumstances under which such taxes were
incurred.
(b) The Company shall service and administer the Mortgage
Loans and shall have full power and authority, acting alone or
through one or more Primary Servicers, to do any and all things
in connection with such servicing and administration which it may
deem necessary or desirable. Without limiting the generality of
the foregoing, the Company shall continue, and is hereby
authorized and empowered by the Trustee, to execute and deliver,
or file, as appropriate, on behalf of itself, the
Certificateholders and the Trustee or any of them, any and all
continuation statements, termination statements, instruments of
satisfaction or cancellation, or of partial or full release or
discharge and all other comparable instruments, with respect to
the Mortgage Loans and with respect to the properties subject to
the Mortgages. Without limitation of the foregoing, if the
Company in its individual capacity agrees to refinance any
Mortgage Loan upon the request of the related Mortgagor, the
Company, as servicer hereunder, may execute an instrument of
assignment in customary form to the Company in its individual
capacity. In connection with any such refinancing, the Trustee
shall, upon certification of a Servicing Officer to the effect
that an amount equal to the principal balance of the related
Mortgage Loan together with accrued and unpaid interest thereon
at the applicable Remittance Rate to the date of such
certification has been credited to the Mortgage Loan Payment
Record, release the related
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Mortgage File to the Company whereupon the Company may cancel the
related Mortgage Note. Upon request by the Company after the
execution and delivery of this Agreement, the Trustee shall
furnish the Company with any powers of attorney and other
documents necessary or appropriate to enable the Company to carry
out its servicing and administrative duties hereunder. Except as
otherwise provided herein, the Company shall maintain servicing
standards substantially equivalent to those required for approval
by FNMA or FHLMC. The Company shall not agree to any modification
of the material terms of any Mortgage Loan except as provided in
the second sentence of Section 3.02(a) and in Section 3.07. The
Company shall not release any portion of any Mortgaged Property
from the lien of the related Mortgage unless the related Mortgage
Loan would be a "qualified mortgage" within the meaning of the
REMIC Provisions following such release.
(c) [Intentionally Omitted.]
(d) The relationship of the Company (and of any successor to
the Company as servicer under this Agreement) to the Trustee
under this Agreement is intended by the parties to be that of an
independent contractor and not that of a joint venturer, partner
or agent.
(e) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The Company shall collect such amounts from the
Mortgagor and shall credit the Mortgage Loan Payment Record
accordingly.
(f) If the Company enters into a servicing agreement with
any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
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(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 two years
after the date that such schedule is arranged. Any arrangement of
the sort described in clause (ii) above shall not affect the
amount or timing of the Company's obligation to make Monthly
Advances with respect to any Mortgage Loan which Monthly Advances
shall be made pursuant to the original amortization schedule
applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a Mortgage Loan
Payment Record in which the following payments on and collections
in respect of each Mortgage Loan shall as promptly as practicable
be credited by the Company for the account of the Holders of the
Certificates:
(i) All payments on account of principal,
including Principal Prepayments (other than (A)
payments of principal due and payable on the Mortgage
Loans on or before, and all Principal Prepayments
received before, the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, payments of principal due and
payable on such Mortgage Loan on or before the
Determination Date in the month of substitution, and
all Principal Prepayments received before the first day
of the month of substitution, and (C) in the case of a
replaced Mortgage Loan, payments of principal due and
payable on such Mortgage Loan after the Determination
Date in the month of substitution, and all Principal
Prepayments received in the month of substitution);
(ii) All payments (other than (A) those due and
payable on or before the Cut-off Date, (B) in the case
of a substitute Mortgage Loan, those due and payable on
such Mortgage Loan on or before the Determination Date
in the month of substitution, and (C) in the case of a
replaced Mortgage Loan, those due and payable on such
Mortgage Loan after the Determination Date in the month
of substitution) on account of interest at the
applicable Remittance Rate on the Mortgage Loan
received from the related Mortgagor, including any
Buydown Funds applied with respect to interest at the
applicable Remittance Rate on any Buydown Mortgage
Loan;
(iii) All Liquidation Proceeds received by the
Company with respect to such Mortgage Loan and the
Purchase Price for any Mortgage Loan purchased by
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the Company pursuant to Sections 2.02, 2.03 and 3.16
(including any amounts received in respect of a
substitution of a Mortgage Loan);
(iv) All Insurance Proceeds (including, for this
purpose, any amounts required to be credited by the
Company pursuant to the last sentence of Section 3.06)
received by the Company for the benefit of the Trust
Fund, other than proceeds to be applied to the
restoration or repair of the property subject to the
related Mortgage or released, or to be released, to the
related Mortgagor in accordance with the normal
servicing procedures of the Company;
(v) All REO Proceeds;
(vi) All Unanticipated Recoveries; and
(vii) All amounts received by the Company with
respect to any Pledged Asset Mortgage Loan pursuant to
the liquidation of any Additional Collateral or
pursuant to any recovery under the Surety Bond in
accordance with Section 4.09.
The foregoing requirements respecting credits to the
Mortgage Loan Payment Record are exclusive, it being understood
that, without limiting the generality of the foregoing, the
Company need not enter in the Mortgage Loan Payment Record
collections, Liquidation Proceeds or Insurance Proceeds in
respect of Mortgage Loans which have been previously released
from the terms of this Agreement, amounts representing fees or
late charge penalties payable by Mortgagors, or amounts received
by the Company for the account of Mortgagors for application
towards the payment of taxes, insurance premiums, assessments and
similar items.
(c) Subject to subsection (e) below, until the Business Day
prior to each Distribution Date on which amounts are required to
be transferred to the Certificate Account pursuant to subsection
(d) of this Section 3.02, the Company may retain and commingle
such amounts with its own funds and shall be entitled to retain
for its own account any gain or investment income thereon, and
any such investment income shall not be subject to any claim of
the Trustee or Certificateholders. To the extent that the Company
realizes any net loss on any such investments, the Company shall
deposit in the Certificate Account an amount equal to such net
loss at the time the Company is required to deposit amounts in
the Certificate Account pursuant to subsection (d) of this
section 3.02. Any such deposit shall not increase the Company's
obligation under said subsection (d).
(d) The Trustee shall establish and maintain with the
Trustee in its corporate trust department a single separate trust
account designated in the name of the Trustee for the benefit of
the Holders of the Certificates issued hereunder (the
"Certificate Account") into which the Company shall transfer, not
later than 11:00 a.m. New York time on the Business Day prior to
each Distribution Date, an amount in next day funds equal to the
sum of Available Funds for such Distribution Date and any
Unanticipated Recoveries received in the calendar month preceding
the month of such Distribution Date. If the Trustee does not
receive such transfer by 2:00 p.m. on such Business Day, it shall
give the Company written notice thereof.
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(e) If the Company or a Responsible Officer of the Trustee
obtains actual notice of or knowledge of the occurrence of either
(x) any Trigger Event or (y) the downgrade by S&P of General
Electric Capital Corporation's short-term senior unsecured debt
rating below A-1+ then, notwithstanding subsection (c) above, the
Company shall promptly establish, and thereafter maintain, one or
more Eligible Accounts in the name of the Trustee and bearing a
designation indicating that amounts therein are held for the
benefit of the Trustee and the Certificateholders, into which the
Company and any Primary Servicer shall deposit within two
Business Days after receipt, all amounts otherwise required to be
credited to the Mortgage Loan Payment Record pursuant to Section
3.02(b); provided, however, that such action shall not be
required if the Company delivers to the Trustee a letter from
each Rating Agency to the effect that the failure to take such
action will not cause such Rating Agency to withdraw or reduce
its then current ratings of the Certificates. All amounts so
deposited shall be held in trust for the benefit of
Certificateholders. Amounts so deposited may be invested at the
written instruction of the Company in Permitted Investments in
the name of the Trustee maturing no later than the Business Day
preceding the Distribution Date following the date of such
investment; provided, however, that any such Permitted Investment
which is an obligation of State Street Bank and Trust Company, in
its individual capacity and not in its capacity as Trustee, may
mature on such Distribution Date; and, provided further, that no
such Permitted Investment shall be sold before the maturity
thereof if the sale thereof would result in the realization of
gain prior to maturity unless the Company has obtained an Opinion
of Counsel that such sale or disposition will not cause the Trust
Fund to be subject to the tax on prohibited transactions under
section 860F of the Code, or otherwise subject the Trust Fund to
tax or cause the REMIC established hereunder to fail to qualify
as a REMIC. The Trustee shall maintain physical possession of all
Permitted Investments, other than Permitted Investments
maintained in book-entry form. The Company, as servicer, shall be
entitled to retain for its own account any gain or other income
from Permitted Investments, and neither the Trustee nor
Certificateholders shall have any right or claim with respect to
such income. The Company shall deposit an amount equal to any
loss realized on any Permitted Investment as soon as any such
loss is realized. If the provisions in this subsection (e) become
operable, references in this Agreement to the Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to Eligible Accounts and transfers to and
withdrawals from such Eligible Accounts. Any action which may be
necessary to establish the terms of an account pursuant to this
Section 3.02(e) may be taken by an amendment or supplement to
this Agreement or pursuant to a written order of the Company,
which amendment, supplement or order shall not require the
consent of Certificateholders, provided that the Company has
delivered to the Trustee a letter from each Rating Agency to the
effect that such amendment, supplement or order will not cause
such Rating Agency to withdraw or reduce its then current ratings
of the Certificates.
Section 3.03. Collection of Taxes, Assessments and Other
Items. Other than with respect to any Cooperative Loan, the
Company shall establish and maintain with one or more depository
institutions one or more accounts into which it shall deposit all
collections of taxes, assessments, private mortgage or hazard
insurance premiums or comparable items for the account of the
Mortgagors. As servicer, the Company shall effect the timely
payment of all such items for the account of Mortgagors.
Withdrawals from such account or accounts may be made only to
effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any
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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 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);
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(vii) To reimburse the Company (or the Trustee, as
applicable) for any Nonrecoverable Advance (which right
of reimbursement of the Trustee pursuant to this clause
shall be prior to such right of the Company);
(viii) To make transfers of funds to the
Certificate Account pursuant to Section 3.02(d);
(ix) To pay to the Company amounts received in
respect of any Mortgage Loan purchased by the Company
pursuant to Section 9.01 to the extent that the
distribution of any such amounts on the final
Distribution Date upon which the proceeds of such
purchase are distributed would make the total amount
distributed in respect of any such Mortgage Loan on
such Distribution Date greater than the purchase price
therefor specified in clause (x) of the first sentence
of Section 9.01; and
(x) To deduct any amount credited to the Mortgage
Loan Payment Record in error.
The Company shall keep and maintain separate
accounting records, on a Mortgage Loan by Mortgage Loan basis,
for the purpose of accounting for debits to the Mortgage Loan
Payment Record pursuant to clauses (i), (ii), (iv), (v) and (vi)
of this Section 3.04; provided, however, that it is understood
and agreed that the records of such accounting need not be
retained by the Company for a period longer than the five most
recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance
Policies. (a) The Company shall not take any action which would
result in non-coverage under any applicable Primary Insurance
Policy of any loss which, but for the actions of the Company,
would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full
force and effect each such Primary Insurance Policy until the
principal balance of the related Mortgage Note is 80% or less of
the greater of (i) the related Original Value and (ii) the then
current value of the property underlying the related Mortgage
Note as evidenced by an appraisal thereof satisfactory to the
Company; provided that no such Primary Insurance Policy need be
kept in effect if doing so would violate applicable law. The
Company shall not cancel or refuse to renew any such Primary
Insurance Policy applicable to a Mortgage Loan that is in effect
at the Closing Date and is required to be kept in force hereunder
unless the replacement Primary Insurance Policy for such canceled
or non-renewed policy is maintained with an insurer whose
claims-paying ability is acceptable to each Rating Agency for
mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such
Rating Agency. The Company agrees to effect the timely payment of
the premium on each Primary Insurance Policy, and such costs not
otherwise recoverable shall be recoverable by the Company from
related Insurance Proceeds and Liquidation Proceeds pursuant to
Section 3.04.
(b) In connection with its activities as administrator and
servicer of the Mortgage Loans, the Company agrees to present, on
behalf of itself, the Trustee and the Certificateholders, claims
to the insurer under each Primary Insurance Policy and, in this
regard, to take such reasonable action as shall be necessary to
permit recovery under any Primary Insurance Policy respecting a
related defaulted Mortgage Loan. To the extent provided in
Section 3.02(b), any
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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 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
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Person. The Company shall not make or enter into any such
assumption and modification agreement, however, unless (to the
extent practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same extent as all
other documents and instruments constituting a part thereof. In
connection with any such agreement, the Mortgage Rate, mortgage
term and any other material term of such Mortgage Loan shall not
be changed. Any fee collected by the Company for entering into
any such agreement will be retained by the Company as additional
servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other provision
of this Agreement, the Company shall not be deemed to be in
default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage Loans.
(a) The Company shall foreclose upon or otherwise comparably
convert the ownership of properties securing such of the Mortgage
Loans as come into and continue in default and as to which no
satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.02. In connection with
such foreclosure or other conversion the Company shall,
consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
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
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behalf of the Trust Fund takes title to such Mortgaged Property,
and thereafter such Mortgaged Property is determined to be so
contaminated or affected.
(b) In the event that title to any Mortgaged Property is
acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the Trust Fund. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage
Loan, such Mortgage Loan shall (except for purposes of Section
9.01) be considered to be an Outstanding Mortgage Loan until such
time as the Mortgaged Property shall be sold and such Mortgage
Loan becomes a Liquidated Mortgage Loan. Consistent with the
foregoing, for purposes of all calculations hereunder so long as
such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on an REO Mortgage
Loan shall be treated as a Principal Prepayment received in
respect of such Mortgage Loan.
(c) In the event that the Trust Fund acquires any Mortgaged
Property as aforesaid or otherwise in connection with a default
or imminent default on a Mortgage Loan, the Company shall dispose
of such Mortgaged Property prior to the close of the third
calendar year after the year of its acquisition by the Trust Fund
unless (a) the Trustee shall have been supplied with an Opinion
of Counsel to the effect that the holding by the Trust Fund of
such Mortgaged Property subsequent to such period (and specifying
the period beyond such period for which the Mortgaged Property
may be held) will not result in the imposition of taxes on
"prohibited transactions" of the Trust Fund as defined in section
860F of the Code, or cause the REMIC established hereunder to
fail to qualify as a REMIC at any time that any Certificates are
outstanding, in which case the Trust Fund may continue to hold
such Mortgaged Property (subject to any conditions contained in
such Opinion of Counsel), or (b) the Trustee (at the Company's
expense) or the Company shall have applied for, not later than 61
days prior to the expiration of such period, an extension of such
period in the manner contemplated by section 856(e)(3) of the
Code, in which case such period shall be extended by the time
period permitted by section 856(e)(3) of the Code.
Notwithstanding any other provision of this Agreement, no
Mortgaged Property acquired by the Trust Fund shall be rented (or
allowed to continue to be rented) or otherwise used for the
production of income by or on behalf of the Trust Fund or sold in
such a manner or pursuant to any terms that would (i) cause such
Mortgaged Property to fail to qualify at any time as "foreclosure
property" within the meaning of section 860G(a)(8) of the Code,
(ii) subject the Trust Fund to the imposition of any federal or
state income taxes on "net income from foreclosure property" with
respect to such Mortgaged Property within the meaning of section
860G(c) of the Code, or (iii) cause the sale of such Mortgaged
Property to result in the receipt by the Trust Fund of any income
from non-permitted assets as described in section
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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
Person to hold more than a ten percent interest in the Mortgage
Pool. It is understood that the right of the Company to be
reimbursed for Monthly Advances and Nonrecoverable Advances under
this Agreement shall not be affected in any way by the provisions
of any such agreement. The Trustee hereby agrees to perform such
obligations as may be expressly required of it pursuant to the
provisions of such agreement and to promptly notify each party to
such agreement if a Responsible Officer of the Trustee (with
direct responsibility for administration of this Agreement)
becomes aware of any discussions, plans or events that might lead
to the Trustee's becoming an "affiliate" (within the meaning of
the Prohibited Transaction Exemption) of any Person with which
the Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source, amount and application of funds to be
deposited or withdrawn from the Collateral Fund (as defined in
such agreement). The Trustee shall provide the Company with such
information concerning credits and debits to the Collateral Fund
on account of income, gains and losses realized from Collateral
Fund Permitted Investments (as defined in such agreement), and
costs associated with the purchase and sale thereof, as the
Company may request in order to prepare the instructions
described in the preceding sentence.
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In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with the Person that is the Holder of 100% of the Class B4
Certificates, provided that (i) such Person is also the Holder of
100% of the Class B5 Certificates, (ii) such Person shall have no
rights under such agreement until the date on which the Class
Certificate Principal Balance of the Class B5 Certificates has
been reduced to zero, and (iii) any rights of such Person under
such agreement shall terminate in the event that such Person
transfers, directly or indirectly, the Class B4 Certificates to
any other Person.
Section 3.09. Trustee to Cooperate; Release of Mortgage
Files. Upon the payment in full of any Mortgage Loan, the Company
will immediately notify the Trustee by a certification (which
certification shall include a statement to the effect that all
amounts received in connection with such payment which are
required to be credited to the Mortgage Loan Payment Record
pursuant to Section 3.02 have been so credited) of a Servicing
Officer and shall request delivery to it of the Mortgage File. If
a Buydown Mortgage Loan is the subject of a Principal Prepayment
in full during the related Buydown Period, the related Buydown
Funds will be applied or returned to the Person entitled thereto
in accordance with the terms of such Buydown Mortgage Loan. Upon
receipt of such certification and request in form satisfactory to
the Trustee, the Trustee shall promptly, but in any event within
five Business Days, release the related Mortgage File to the
Company; provided, that the Trustee shall not be responsible for
any delay in the release of a Mortgage File resulting from acts
beyond its control, including without limitation, acts of God,
strikes, lockouts, riots, acts of war or terrorism, epidemics,
nationalization, governmental regulations imposed after the fact,
fire, communication line failures, computer viruses, power
failures, earthquakes or other disasters. Upon any such payment
in full, the Company is authorized to execute, pursuant to the
authorization contained in Section 3.01, an instrument of
satisfaction regarding such Mortgage, which instrument of
satisfaction shall be recorded by the Company if required by
applicable law and be delivered to the Person entitled thereto,
it being understood and agreed that no expenses incurred in
connection with such instrument of satisfaction shall be
reimbursed from amounts at the time credited to the Mortgage Loan
Payment Record. From time to time and as appropriate for the
servicing or foreclosure of any Mortgage Loan (including, without
limitation, collection under any Primary Insurance Policy), the
Trustee shall, upon request of the Company and delivery to the
Trustee of a receipt signed by a Servicing Officer, release the
related Mortgage File to the Company and shall execute such
documents as shall be necessary to the prosecution of any such
proceedings. Such receipt shall obligate the Company to return
the Mortgage File to the Trustee 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
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payment charges, interest income or gain with respect to amounts
deposited in the Certificate Account and invested by the Company
or otherwise shall be retained by the Company, subject to Section
3.10(b), if applicable. The Company shall be required to pay all
expenses incurred by it in connection with its activities
hereunder (including payment of Trustee fees and all other fees
and expenses not expressly stated hereunder to be for the account
of the Certificateholders) and shall not be entitled to
reimbursement therefor except as provided in Sections 3.01, 3.03,
3.04 and 3.08.
(b) The Company may, as a condition to granting any request
by a Mortgagor for any consent, modification, waiver or amendment
or any other matter or thing, the granting of which is in the
Company's discretion pursuant to the terms of the instruments
evidencing or securing the related Mortgage Loan and is permitted
by other sections of this Agreement, require (to the extent
permitted by applicable law) that such Mortgagor pay to it a
reasonable or customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate Account
Statements. Not later than 15 days after each Distribution Date,
the Company shall forward to the Trustee a statement, certified
by a Servicing Officer, setting forth the status of the Mortgage
Loan Payment Record as of the close of business on such
Distribution Date and showing, for the period covered by such
statement, the aggregate of credits to the Mortgage Loan Payment
Record for each category of credit specified in Section 3.02 and
each category of debit specified in Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 2000, an Officer's
Certificate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, the Company has fulfilled all its material
obligations under this Agreement throughout such year, or, if
there has been a default in the fulfillment of any such
obligation, specifying each such default known to such Officer
and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 2000, the Company shall:
(a) furnish to a firm of independent public accountants
(which may also render other services to the Company) a statement
substantially to the effect that the Company has complied in all
material respects with the minimum servicing standards set forth
in the Uniform Single Attestation Program for Mortgage Bankers
(the "Minimum Servicing Standards") with respect to the mortgage
loans in the Company's servicing portfolio (which may exclude
home equity loans) or, if there has been material noncompliance
with such servicing standards, containing a description of such
noncompliance; and
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(b) at its expense cause such firm of independent public
accountants to furnish a report to the Trustee stating its
opinion as to the Company's assertion contained in the statement
delivered pursuant to Section 3.13(a), which opinion shall be
based on an examination conducted by such firm in accordance with
the standards established by the American Institute of Certified
Public Accountants, including examining, on a test basis,
evidence about the Company's compliance with the Minimum
Servicing Standards. Such opinion shall be to the effect that the
Company has complied in all material respects with the Minimum
Servicing Standards with respect to the mortgage loan portfolio
described in the Company's statement delivered pursuant to
Section 3.13(a) hereof or if there has been material
noncompliance with the Minimum Servicing Standards, shall contain
a description of such noncompliance in accordance with applicable
accounting standards. In rendering such report, such firm may
rely, as to matters relating to direct servicing of Mortgage
Loans by any primary servicer, upon comparable reports of
independent public accountants with respect to such primary
servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the Trustee,
Certificateholders which are regulated insurance entities and the
applicable insurance regulatory agencies thereof,
Certificateholders which are federally insured savings and loan
associations, the Office of Thrift Supervision, the FDIC and the
supervisory agents and examiners thereof access to the
documentation regarding the Mortgage Loans required by applicable
regulations of the Office of Thrift Supervision or of such
insurance regulatory agencies, as the case may be, such access
being afforded without charge but only upon reasonable request
and during normal business hours at the offices of the Company.
Nothing in this Section 3.14 shall derogate from the obligation
of the Company to observe any applicable law prohibiting
disclosure of information regarding the Mortgagors and the
failure of the Company to provide access as provided in this
Section 3.14 as a result of such obligation shall not constitute
a breach of this Section 3.14.
Section 3.15. Maintenance of Certain Servicing Policies. The
Company shall during the term of its service as servicer maintain
in force (i) a policy or policies of insurance covering errors
and omissions in the performance of its obligations as servicer
hereunder and (ii) a fidelity bond in respect of its officers,
employees or agents. Each such policy or policies and bond shall,
together, comply with the requirements from time to time of FNMA
for persons performing servicing for mortgage loans purchased by
such association.
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
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Certificates as of the preceding Record Date in the following
order of priority, to the extent of the remaining Available
Funds:
(i) to each Class of Senior Certificates (other
than any Class of Principal Only Certificates), the
Accrued Certificate Interest thereon for such
Distribution Date; provided, however, that any
shortfall in available amounts shall be allocated among
such Classes in proportion to the amount of Accrued
Certificate Interest that would otherwise be
distributable thereto;
(ii) to each Class of Senior Certificates (other
than any Class of Principal Only Certificates), any
related Unpaid Class Interest Shortfall for such
Distribution Date; provided, however, that any
shortfall in available amounts shall be allocated among
such Classes in proportion to the Unpaid Class Interest
Shortfall for each such Class on such Distribution
Date;
(iii) to the Classes of Senior Certificates in
reduction of the Class Certificate Principal Balances
thereof, as set forth in Exhibit O hereto without
regard to the use therein of the word "approximate" or
any derivation thereof; provided, however, that defined
terms used in Exhibit O shall have the meanings
assigned thereto in Article I hereof;
(iv) to the Class PO Certificates, 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;
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(xi) to the Class B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xii) to the Class B2 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(xiii) to the Class B2 Certificates, in reduction
of the Class Certificate Principal Balance thereof,
such Class's Allocable Share of the Junior Optimal
Principal Amount on such Distribution Date;
(xiv) to the Class B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution
Date;
(xv) to the Class B3 Certificates, any Unpaid
Class Interest Shortfall therefor on such Distribution
Date;
(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,
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to reduce the amount distributable pursuant to clause (x) and
sixth, to reduce the amount distributable pursuant to clause
(vii).
(b) On each Distribution Date, the Trustee shall distribute
to the holder of the Class R Certificate any remaining Available
Funds for such Distribution Date after application of all amounts
described in clause (a) of this Section 4.01, together with any
Unanticipated Recoveries received by the Company in the calendar
month preceding the month of such Distribution Date and not
distributed on such Distribution Date to the holders of
outstanding Certificates of any other Class pursuant to Section
4.01(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 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
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aggregate amount of any Realized Loss previously allocated to
such Class with respect to any other Mortgage Loan that has not
been recovered in accordance with this subsection (e). Any
distributions made pursuant to this subsection (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).
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.
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(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
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;
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sixth, to the Class M Certificates until the Class
Certificate Principal Balance thereof has been reduced
to zero; and
seventh, to the Classes of Senior Certificates
other than the Class PO Certificates, pro rata, in
accordance with their Class Certificate Principal
Balances; provided, that any such loss allocated to any
Class of Accrual Certificates (and any Accrual
Component) shall be allocated (subject to Section
4.03(d)) on the basis of the lesser of (x) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof immediately prior to the applicable
Distribution Date and (y) the Class Certificate
Principal Balance (or Component Principal Balance)
thereof on the Closing Date (as reduced by any Realized
Losses previously allocated thereto).
(c) With respect to any Distribution Date, the principal
portion of any Excess Loss (other than Excess Bankruptcy Losses
attributable to Debt Service Reductions) shall be allocated as
follows: (1) the PO Percentage of any such loss shall be
allocated to the Class PO Certificates, and (2) the Non-PO
Percentage of any such loss shall be allocated to each Class of
Certificates other than the Class PO Certificates, pro rata,
based on the respective Class Certificate Principal Balances
thereof; provided, that any such loss allocated to any Class of
Accrual Certificates (and any Accrual Component) shall be
allocated (subject to Section 4.03(d)) on the basis of the lesser
of (x) the Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the applicable
Distribution Date and (y) the Class Certificate Principal Balance
(or Component Principal Balance) thereof on the Closing Date (as
reduced by any Realized Losses previously allocated thereto).
(d) Any Realized Losses allocated to a Class of Certificates
pursuant to Section 4.03(b) or (c) shall be allocated among the
Certificates of such Class in proportion to their respective
Certificate Principal Balances. In addition, any Realized Losses
allocated to any Class of Component Certificates on a
Distribution Date shall be allocated in reduction of the
Component Principal Balances of the related Components (other
than any Notional Component) in proportion to their respective
Component Principal Balances immediately prior to such
Distribution Date. Any allocation of Realized Losses pursuant to
this paragraph (d) shall be accomplished by reducing the
Certificate Principal Balance (or, in the case of any Component,
the Component Principal Balance) of the related Certificates (or
Components) on the related Distribution Date in accordance with
Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses to be allocated to the Class
PO Certificates on such Distribution Date will be taken into
account in determining distributions in respect of any Class PO
Deferred Amount for such date.
(f) On each Distribution Date, the Company shall determine
the Subordinate Certificate Writedown Amount, if any. Any such
Subordinate Certificate Writedown Amount shall effect a
corresponding reduction in the Certificate Principal Balance of
the Subordinate
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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.
(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).
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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 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
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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, the Group II Senior
Percentage and the Junior Percentage for such
Distribution Date;
(xii) The Senior Prepayment Percentage, the Group
II Senior 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
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thereby be deemed to have assumed, any responsibility for
compliance by the Company with Rule 144A (subject to the
Trustee's agreement set forth in the second sentence of this
paragraph) and shall be entitled to include a notice with such
statements or certificates to the effect that such materials have
not been prepared or assembled by the Trustee and that the
Trustee assumes no responsibility for the adequacy, sufficiency
or contents thereof. In connection with any such proposed
transfer, the Company shall make available to the proposed
holder, at the request of the related transferor, such additional
information, if any, as may be required to be delivered pursuant
to Rule 144A(d)(4).
Section 4.06. Servicer's Certificate. Each month, not later
than the second Business Day next preceding each Distribution
Date, the Company shall deliver to the Trustee a completed
Servicer's Certificate.
Section 4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property. The Trustee (or the Company on behalf of the
Trustee) shall, in each year beginning after 1998, make the
reports of foreclosures and abandonments of any Mortgaged
Property as required by section 6050J of the Code. In order to
facilitate this reporting process, the Company, on or before
January 15th of each year, shall provide to the Trustee reports
relating to each instance occurring during the previous calendar
year in which the Company (i) on behalf of the Trustee acquires
an interest in a Mortgaged Property through foreclosure or other
comparable conversion in full or partial satisfaction of a
Mortgage Loan, or (ii) knows or has reason to know that a
Mortgaged Property has been abandoned. Reports from the Company
shall be in form and substance sufficient to meet the reporting
requirements imposed by section 6050J of the Code.
Section 4.08. Reduction of 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,
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not in its individual capacity but solely as Trustee, and
countersigned and delivered by the Trustee to or upon the order
of the Company as provided in Article II.
(b) The Certificates shall be issued in an aggregate Initial
Certificate Principal Balance of $522,102,682.31. 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 $334,182,000.00 6.25% $25,000
Class A2 854,000.00 6.25 1,000
Class A3 50,066,432.00 6.25 25,000
Class A4 1,500,000.00 6.50 1,000
Class A5 5,729,387.00 6.50 1,000
Class A6 1,583,333.00 (1) 25,000
Class A7 527,778.00 (1) 25,000
Class A8 4,854,400.00 6.00 1,000
Class A9 263,889.00 0.00 25,000
Class A10 11,630,769.00 6.50 1,000
Class A11 465,231.00 0.00 25,000
Class A12 76,250,000.00 6.25 25,000
Class A13 12,757,000.00 6.25 25,000
Class PO 32,152.72 0.00 (2)
Class M 10,181,000.00 6.25 100,000
Class B1 4,176,000.00 6.25 100,000
Class B2 2,349,000.00 6.25 100,000
Class B3 2,088,000.00 6.25 250,000
Class B4 1,044,000.00 6.25 250,000
Class B5 1,568,210.59 6.25 250,000
Class R 100.00 6.25 100
- ----------------------.
(1) The Certificate Interest Rates of the Class A6 and Class A7
Certificates for each Interest Accrual Period shall be
determined as provided in Section 5.01(e).
(2) The Class PO Certificates will be issued as a single
Certificate evidencing the entire Class Certificate
Principal Balance of such Class.
(c) The Certificates shall be issuable in registered form
only. The Book-Entry Certificates will be evidenced by one or
more certificates, beneficial ownership of which will be held in
the minimum dollar denominations in Certificate Principal Balance
or Notional Principal Balance, as applicable, specified in
Section 5.01(b), and integral multiples of $1,000 in excess
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
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Principal Balance, as applicable, specified in Section 5.01(b),
and integral multiples of $1,000 in excess thereof (and, if
necessary, in the amount of the remaining Class Certificate
Principal Balance or Notional Principal Balance, as applicable,
of each Class, in the case of one Certificate of such Class). The
Residual Certificate shall be issued as a single certificate
evidencing the entire Class Certificate Principal Balance of such
Class and having a Percentage Interest of 100%. If necessary, one
Certificate of each Class of Book-Entry Certificates may evidence
an additional amount equal to the remainder of the Class
Certificate Principal Balance (or Notional Principal Balance) of
such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) During the first Interest Accrual Period, the
Certificate Interest Rate of the Class A6 Certificates shall be
6.02% 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) 0.800% plus LIBOR and
(ii) 9.000%, subject to a minimum rate of 0.800%.
During the first Interest Accrual Period, the Certificate
Interest Rate of the Class A7 Certificates shall be 8.94% 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) 24.600% minus the
product of 3.00 and LIBOR, and (ii) 24.600%, subject to a minimum
rate of 0.00%.
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.
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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) Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
hereto, signed by the transferee, to the effect that the
transferee is not such a Disqualified Organization, an agent
(including a broker, nominee, or middleman) for any entity as to
which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign
Holder, which affidavit shall contain the consent of the
transferee to any such amendments of this Agreement as may be
required to further effectuate the foregoing restrictions on
transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
G hereto. Such affidavit shall also contain the statement of the
transferee that (i) it does not have the intention to impede the
assessment or collection of any federal, state or local taxes
legally required to be paid
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with respect to the Residual Certificates and (ii) it understands
that it may incur tax liabilities in excess of cash flows
generated by a Residual Certificate and that it intends to pay
taxes associated with holding a Residual Certificate as they
become due.
The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
Residual Certificates, shall be accompanied by a written
statement in the form attached as Exhibit G hereto, signed by the
transferor, to the effect that as of the time of the transfer,
the transferor has (i) no actual knowledge that the transferee is
a Disqualified Organization, Book-Entry Nominee or Non-permitted
Foreign Holder, (ii) no reason to believe that the transferee has
the intention to impede the assessment or collection of any
federal, state or local taxes legally required to be paid with
respect to a Residual Certificate, and (iii) conducted a
reasonable investigation and found that the transferee had
historically paid its debts as they came due and found no
significant evidence to indicate that the transferee will not
continue to pay its debts as they become due. The Residual
Certificates shall bear a legend referring to the foregoing
restrictions contained in this paragraph and the preceding
paragraph.
Upon notice to the Company that any legal or beneficial
interest in any portion of the Residual Certificates has been
transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
such transferee shall be deemed to hold the Residual Certificate
in constructive trust for the last transferor who was not a
Disqualified Organization or agent thereof, and such transferor
shall be restored as the owner of such Residual Certificate as
completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any
distributions made to such transferee with respect to the
Residual Certificate and return such recovery to the transferor,
and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of the Residual Certificate or such
agent (within 60 days of the request therefor by the transferor
or agent) such information necessary to the application of
section 860E(e) of the Code as may be required by the Code,
including but not limited to the present value of the total
anticipated excess inclusions with respect to the Residual
Certificate (or portion thereof) for periods after such transfer.
At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause the
REMIC established hereunder to fail to qualify as a REMIC at any
time that the Certificates are outstanding.
No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and
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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 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
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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 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
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Certificates of Certificate Owners it represents or of brokerage
firms for which it acts as agent in accordance with the
Depository's normal procedures. Except as provided herein, the
Trustee shall have no duty to monitor or restrict the transfer of
Certificates or interests therein, and shall have no liability
for any transfer, including any transfer made through the
book-entry facilities of the Depository or between or among
Depository Participants or Certificate Owners, made in violation
of applicable restrictions set forth herein, except in the event
of the failure of the Trustee to perform its duties and fulfill
its obligations under this Agreement.
(f) If (x)(i) the Company or the Depository advises the
Trustee in writing that the Depository is no longer willing,
qualified or able to properly discharge its responsibilities as
Depository, and (ii) the Trustee or the Company is unable to
locate a qualified successor, (y) the Company at its option
advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (z) after the
occurrence of an Event of Default, Certificate Owners
representing not less than 51% of the aggregate Voting Rights
allocated to the Book-Entry Certificates together advise the
Trustee and the Depository through the Depository Participants in
writing that the continuation of a book-entry system through the
Depository is no longer in the best interests of the Certificate
Owners, the Trustee shall notify all Certificate Owners, through
the Depository, of the occurrence of any such event and of the
availability of Definitive Certificates to Certificate Owners
requesting the same. Upon surrender to the Trustee of such
Certificates by the Depository, accompanied by registration
instructions from the Depository for registration, the Trustee
shall issue the Definitive Certificates. Neither the Company nor
the Trustee shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected
in relying on, such instructions. Upon the issuance of Definitive
Certificates all references herein to obligations imposed upon or
to be performed by the Depository shall be deemed to be imposed
upon and performed by the Trustee, to the extent applicable with
respect to such Definitive Certificates and the Trustee shall
recognize the Holders of the Definitive Certificates as
Certificateholders hereunder.
(g) On or prior to the Closing Date, there shall be
delivered to the Depository (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 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
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"accredited investor" as defined in Rule 501(a)(1) of Regulation
D promulgated by the Securities and Exchange Commission under the
Securities Act of 1933.
Section 5.07. Determination of COFI. (a) If the outstanding
Certificates include any COFI Certificates, then on each COFI
Determination Date the Trustee shall determine the value of COFI
on the basis of the most recently available Information Bulletin
referred to in the definition of "COFI". The establishment of
COFI by the Trustee and the Trustee's subsequent calculation of
the rates of interest applicable to the COFI Certificates for
each Interest Accrual Period shall (in the absence of manifest
error) be final and binding. During each Interest Accrual Period,
the Certificate Interest Rate for the COFI Certificates for the
current and immediately preceding Interest Accrual Period shall
be made available by the Trustee to Certificate Owners and
Certificateholders at the following telephone number: (617)
664-5500.
(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (i) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
designated, an alternative index to be selected by the Company
that has performed, or that the Company expects to perform, in a
manner substantially similar to COFI. At the time an alternative
index is first selected by the Company, the Company shall
determine the average number of basis points, if any, by which
the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably determines to reflect
fairly the long-term difference between COFI and the alternative
index, and shall adjust the alternative index by such average.
The Company shall select a particular index as an alternative
only if it receives an Opinion of Counsel to the effect that the
selection of such index will not cause any REMIC established
hereunder to fail to qualify as a REMIC for federal income tax
purposes. In the absence of manifest error, the selection of any
alternative index as provided by this Section 5.07(b) shall be
final and binding for each subsequent Interest Accrual Period.
Upon the occurrence of an Alternative Rate Event, the Trustee
shall have no responsibility for the determination of any
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
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interbank market for one-month U.S. Dollar deposits as
of 11:00 a.m., London time, on the applicable LIBOR
Determination Date.
(ii) If on any LIBOR Determination Date, two or
more of the Reference Banks provide such offered
quotations, LIBOR for the next Interest Accrual Period
will be the arithmetic mean of such offered quotations
(rounding such arithmetic mean upwards, if necessary,
to the nearest whole multiple of 1/16%). If on any
LIBOR Determination Date only one or none of the
Reference Banks provide such offered quotations, LIBOR
for the next Interest Accrual Period will be the rate
per annum the Trustee determines to be the arithmetic
mean (rounding such arithmetic mean upwards, if
necessary, to the nearest whole multiple of 1/16%) of
the one-month Eurodollar lending rate that three major
banks in New York City selected by the Trustee are
quoting as of approximately 11:00 a.m., New York City
time, on the first day of the applicable Interest
Accrual Period.
(iii) If on any LIBOR Determination Date the
Trustee is required but unable to determine LIBOR in
the manner provided in subparagraph (ii) of this
Section 5.08(a), LIBOR for the next Interest Accrual
Period will be LIBOR as determined on the previous
LIBOR Determination Date, or, in the case of the first
LIBOR Determination Date, the Initial LIBOR Rate.
(b) The establishment of LIBOR by the Trustee and the
Trustee's subsequent calculation of the Certificate Interest
Rates applicable to the LIBOR Certificates for the relevant
Interest Accrual Period, in the absence of manifest error, will
be final and binding.
(c) Within five Business Days of the Trustee's calculation
of the Certificate Interest Rates of the LIBOR Certificates, the
Trustee shall furnish to the Company by telecopy (or by such
other means as the Trustee and the Company may agree from time to
time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders who
inquire of it by telephone the Certificate Interest Rates of the
LIBOR Certificates for the current and immediately preceding
Interest Accrual Period.
(e) As used herein, "Reference Banks" shall mean no more
than four leading banks engaged in transactions in Eurodollar
deposits in the international Eurocurrency market (i) with an
established place of business in London, England, (ii) whose
quotations appear on the display designated "LIBO" on the Reuters
Monitor Money Rates Service (the "Reuters Screen LIBO Page") on
the applicable LIBOR Determination Date and (iii) which have been
designated as such by the Trustee and are able and willing to
provide such quotations to the Trustee on each LIBOR
Determination Date. The Reference Banks initially shall be:
Barclay's plc, Bank of Tokyo, National Westminster Bank and Trust
Company and Bankers Trust Company. If any of the initial
Reference Banks should be removed from the Reuters Screen LIBO
Page or in any other way fail to meet the qualifications of a
Reference Bank, or if such page is no longer published, the
Trustee, after consultation with the Company, shall use its best
efforts to designate alternate Reference Banks.
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ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company. The Company shall be
liable in accordance herewith only to the extent of the
obligations specifically imposed upon and undertaken by the
Company herein.
Section 6.02. Merger or Consolidation of, or Assumption of
the Obligations of, the Company. Any corporation into which the
Company may be merged or consolidated, or any corporation
resulting from any merger, conversion or consolidation to which
the Company shall be a party, or any corporation succeeding to
the business of the Company, or any corporation, more than 50% of
the voting stock of which is, directly or indirectly, owned by
General Electric Company, or any limited partnership, the sole
general partner of which is either the Company or a corporation,
more than 50% of the voting stock of which is owned, directly or
indirectly, by General Electric Company, which executes an
agreement of assumption to perform every obligation of the
Company hereunder, shall be the successor of the Company
hereunder, without the execution or filing of any paper or any
further act on the part of any of the parties hereto, anything
herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its rights
and delegate its duties and obligations as servicer under this
Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company and
Others. Neither the Company nor any of the directors or officers
or employees or agents of the Company shall be under any
liability to the Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
protect the Company or any such person against any liability
which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties of the Company or by reason of reckless disregard of
obligations and duties of the Company hereunder. The Company and
any director or officer or employee or agent of the Company may
rely in good faith on any document of any kind prima facie
properly executed and submitted by any Person respecting any
matters arising hereunder. The Company and any director or
officer or employee or agent of the Company shall be indemnified
by the Trust Fund and held harmless against any loss, liability
or expense incurred in connection with any legal action relating
to this Agreement or the Certificates, other than any loss,
liability or expense related to any specific Mortgage Loan or
Mortgage Loans (except as
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any such loss, liability or expense shall be otherwise
reimbursable pursuant to this Agreement) and any loss, liability
or expense incurred by reason of willful misfeasance, bad faith
or gross negligence in the performance of duties hereunder or by
reason of reckless disregard of obligations and duties hereunder.
The Company shall be under no obligation to appear in, prosecute
or defend any legal action which is not incidental to its duties
to service the Mortgage Loans in accordance with this Agreement
and which in its opinion may involve it in any expense or
liability; provided, however, that the Company may in its sole
discretion undertake any such action which it may deem necessary
or desirable in respect of this Agreement, and the rights and
duties of the parties hereto and the interests of the
Certificateholders hereunder. In such event, the legal expenses
and costs of such action and any liability resulting therefrom
shall be expenses, costs and liabilities of the Trust Fund and
the Company shall be entitled to be reimbursed therefor from
amounts credited to the Mortgage Loan Payment Record as provided
by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to the
provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
ARTICLE VII
DEFAULT
Section 7.01. Events of Default. If any one of the following
events ("Events of Default") shall occur and be continuing:
(i) Any failure by the Company to make any payment
to the Trustee of funds pursuant to Section 3.02(d) out
of which distributions to Certificateholders of any
Class are required to be made under the terms of the
Certificates and this Agreement which failure continues
unremedied for a period of three Business Days after
the date upon which written notice of such failure
shall have been given to the Company by the Trustee or
to the Company and the Trustee by Holders of
Certificates of each Class affected thereby evidencing,
as to each such Class, Percentage Interests aggregating
not less than 25%; or
(ii) Failure on the part of the Company duly to
observe or perform in any material respect any other
covenants or agreements of the Company set forth in the
Certificates or in this Agreement, which covenants and
agreements (A) materially affect the rights of
Certificateholders and (B) continue unremedied for a
period of 60 days after the date on which written
notice of such failure, requiring the same to be
remedied, shall have been given to the Company by the
Trustee, or to the Company and the Trustee by the
Holders of Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%; or
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(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in
the premises for the appointment of a conservator,
receiver or liquidator in any insolvency, readjustment
of debt, marshalling of assets and liabilities or
similar proceedings of or relating to the Company, or
for the winding up or liquidation of the Company's
affairs, and the continuance of any such decree or
order unstayed and in effect for a period of 60
consecutive days; or
(iv) The consent by the Company to the appointment
of a conservator or receiver or liquidator in any
insolvency, readjustment of debt, marshalling of assets
and liabilities or similar proceedings of or relating
to the Company or of or relating to substantially all
of its property; or the Company shall admit in writing
its inability to pay its debts generally as they become
due, file a petition to take advantage of any
applicable insolvency or reorganization statute, make
an assignment for the benefit of its creditors, or
voluntarily suspend payment of its obligations;
then, and in each and every such case, so long as an Event of
Default shall not have been remedied by the Company, either the
Trustee, or the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage Interests
aggregating not less than 51%, by notice then given in writing to
the Company (and to the Trustee if given by the
Certificateholders) may terminate all of the rights and
obligations of the Company as servicer under this Agreement. On
or after the receipt by the Company of such written notice, all
authority and power of the Company under this Agreement, whether
with respect to the Certificates or the Mortgage Loans or
otherwise, shall pass to and be vested in the Trustee pursuant to
and under this Section 7.01; and, without limitation, the Trustee
is hereby authorized and empowered to execute and deliver, on
behalf of the Company, as attorney-in-fact or otherwise, any and
all documents and other instruments, and to do or accomplish all
other acts or things necessary or appropriate to effect the
purposes of such notice of termination, whether to complete the
transfer and endorsement of the Mortgage Loans and related
documents, or otherwise, including, without limitation, the
recordation of the assignments of the Mortgage Loans to it. The
Company agrees to cooperate with the Trustee in effecting the
termination of the responsibilities and rights of the Company
hereunder, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that
shall at the time be held by the Company and that have been or
should have been credited by it to the Mortgage Loan Payment
Record, or that have been deposited by the Company in the
Certificate Account or are thereafter received by the Company
with respect to the Mortgage Loans. In addition to any other
amounts which are then, or, notwithstanding the termination of
its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan, due during the period prior to the notice pursuant
to this Section 7.01 which terminates the obligation and rights
of the Company hereunder and received after such notice, that
portion of such payment which it would have been entitled to
retain pursuant to Section 3.04(vi) if such notice had not been
given.
Section 7.02. Trustee to Act; Appointment of Successor. (a)
On and after the time the Company receives a notice of
termination pursuant to Section 7.01, the Trustee shall be the
successor in all respects to the Company in its capacity as
servicer under this Agreement and the
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transactions set forth or provided for herein and shall succeed
to all the rights of and be subject to all the responsibilities,
duties and liabilities relating thereto placed on the Company in
its capacity as servicer by the terms and provisions hereof;
provided, however, that the responsibilities and duties of the
Company pursuant to Sections 2.02 and 2.03(a) and, if the Trustee
is prohibited by law or regulation from making Monthly Advances,
the responsibility to make Monthly Advances pursuant to Section
4.04, shall not be the responsibilities, duties or obligations of
the Trustee; and provided further, that any failure of the
Trustee to perform such duties and responsibilities that is
caused by the Company's failure to cooperate with the Trustee as
required by Section 7.01 shall not be considered a default by the
Trustee hereunder. As compensation therefor, the Trustee shall,
except as provided in Section 7.01, be entitled to such
compensation as the Company would have been entitled to hereunder
if no such notice of termination had been given. Notwithstanding
the above, the Trustee may, if it shall be unwilling so to act,
or shall, if it is legally unable so to act, appoint, or petition
a court of competent jurisdiction to appoint, any established
housing and home finance institution approved to service mortgage
loans for either FNMA or FHLMC, having a net worth of not less
than $10,000,000, as the successor to the Company hereunder in
the assumption of all or any part of the responsibilities, duties
or liabilities of the Company hereunder. Pending appointment of a
successor to the Company pursuant to this Article VII, unless the
Trustee is prohibited by law from so acting, the Trustee shall
act in such capacity as hereinabove provided. In connection with
such appointment and assumption, the Trustee may make such
arrangements for the compensation of such successor out of
payments on Mortgage Loans as it and such successor shall agree;
provided, however, that no such compensation shall be in excess
of that permitted the Company hereunder. The Trustee and such
successor shall take such action, consistent with this Agreement,
as shall be necessary to effectuate any such succession.
(b) Any successor, including the Trustee, to the Company as
servicer pursuant to this Article VII shall during the term of
its service as servicer maintain in force (i) a policy or
policies of insurance covering errors and omissions in the
performance of its obligations as servicer hereunder, and (ii) a
fidelity bond in respect of its officers, employees and agents to
the same extent as the Company is so required pursuant to Section
3.15.
Section 7.03. Notification to Certificateholders. Upon any
termination or appointment of a successor to the Company pursuant
to this Article VII, the Trustee shall give prompt written notice
thereof to Certificateholders at their respective addresses
appearing in the Certificate Register.
ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee. The Trustee, prior to the
occurrence of an Event of Default and after the curing of all
Events of Default which may have occurred, undertakes to perform
such duties and only such duties as are specifically set forth in
this Agreement. If an Event of Default has occurred (which has
not been cured), the Trustee shall exercise such of the rights
and powers vested in it by this Agreement, and use the same
degree of care and skill in their exercise, as a prudent person
would exercise or use under the circumstances in the conduct of
his or her own affairs.
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The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
other instruments furnished to the Trustee which are specifically
required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they conform
to the requirements of this Agreement.
No provision of this Agreement shall be construed to
relieve the Trustee from liability for its own negligent action,
its own negligent failure to act or its own misconduct; provided,
however, that:
(i) Prior to the occurrence of an Event of
Default, and after the curing of all such Events of
Default which may have occurred, the duties and
obligations of the Trustee shall be determined solely
by the express provisions of this Agreement, the
Trustee shall not be liable except for the performance
of such duties and obligations as are specifically set
forth in this Agreement, no implied covenants or
obligations shall be read into this Agreement against
the Trustee and, in the absence of bad faith on the
part of the Trustee, the Trustee may conclusively rely,
as to the truth of the statements and the correctness
of the opinions expressed therein, upon any
certificates or opinions furnished to the Trustee and
conforming to the requirements of this Agreement;
(ii) The Trustee shall not be personally liable
for an error of judgment made in good faith by a
Responsible Officer of the Trustee, unless it shall be
proved that the Trustee was negligent in performing its
duties in accordance with the terms of this Agreement;
(iii) The Trustee shall not be personally liable
with respect to any action taken, suffered or omitted
to be taken by it in good faith in accordance with the
direction of the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%,
relating to the time, method and place of conducting
any proceeding for any remedy available to the Trustee,
or exercising any trust or power conferred upon the
Trustee, under this Agreement; and
(iv) The Trustee shall not be charged with
knowledge of (A) any failure by the Company to comply
with the obligations of the Company referred to in
clauses (i) and (ii) of Section 7.01, (B) the rating
downgrade referred to in the definition of "Trigger
Event" or (C) any failure by the Company to comply with
the obligations of the Company to record the
assignments of Mortgages referred to in Section 2.01
unless a Responsible Officer of the Trustee at the
Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee
receives written notice of such failures, occurrence or
downgrade from the Company or the Holders of
Certificates of each Class affected thereby evidencing,
as to each such Class, Percentage Interests aggregating
not less than 25%.
Subject to any obligation of the Trustee to make
Monthly Advances as provided herein, the Trustee shall not be
required to expend or risk its own funds or otherwise incur
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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 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,
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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.
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.
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Section 8.06. Eligibility Requirements for Trustee. The
Trustee hereunder shall at all times be a corporation having its
principal office either in the State of New York or in the same
state as that in which the initial Trustee under this Agreement
has its principal office and organized and doing business under
the laws of such State or the United States of America,
authorized under such laws to exercise corporate trust powers,
having a combined capital and surplus of at least $50,000,000 and
subject to supervision or examination by federal or state
authority. If such corporation publishes reports of condition at
least annually, pursuant to law or to the requirements of the
aforesaid supervising or examining authority, then for the
purposes of this Section 8.06, the combined capital and surplus
of such corporation shall be deemed to be its combined capital
and surplus as set forth in its most recent report of condition
so published. The Trustee shall not be an affiliate of the
Company. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section 8.06,
the Trustee shall resign immediately in the manner and with the
effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Company.
Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a
successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee 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.
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Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without any further
act, deed or conveyance, shall become fully vested with all the
rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such instruments and do such other things as
may reasonably be required for fully and certainly vesting and
confirming in the successor Trustee all such rights, powers,
duties and obligations.
No successor Trustee shall accept appointment as
provided in this Section 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of
Certificates at their addresses as shown in the Certificate
Register. If the Company fails to mail such notice within 10 days
after acceptance of appointment by the successor Trustee, the
successor Trustee shall cause such notice to be mailed at the
expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any
corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, without the
execution or filing of any paper or any further act on the part
of any of the parties hereto, anything herein to the contrary
notwithstanding.
Section 8.10. Appointment of Co-Trustee or Separate
Trustee. Notwithstanding any other provisions of this Agreement,
at any time, for the purpose of meeting any legal requirements of
any jurisdiction in which any part of the Trust Fund or property
securing any Mortgage Note may at the time be located, the
Company and the Trustee acting jointly shall have the power and
shall execute and deliver all instruments to appoint one or more
Persons approved by the Trustee to act as co-trustee or
co-trustees, jointly with the Trustee, of all or any part of the
Trust Fund, or separate trustee or separate trustees of any part
of the Trust Fund, and to vest in such Person or Persons, in such
capacity and for the benefit of the Certificateholders, such
title to the Trust Fund, or any part thereof, and, subject to the
other provisions of this Section 8.10, such powers, duties,
obligations, rights and trusts as the Company and the Trustee may
consider necessary or desirable. If the Company shall not have
joined in such appointment within 15 days after the receipt by it
of a request so to do, or in case an Event of Default shall have
occurred and be continuing, the Trustee alone shall have the
power to make such appointment. No co-trustee or separate trustee
hereunder shall be required to meet the terms of eligibility as a
successor trustee under Section 8.06 and no notice to
Certificateholders of the appointment of any co-trustee or
separate trustee shall be required under Section 8.08.
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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
to the conduct of, affecting the liability of, or affording
protection to, the Trustee. Every such instrument shall be filed
with the Trustee and a copy thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all
of its estates, properties, rights, remedies and trusts shall
vest in and be exercised by the Trustee, to the extent permitted
by law, without the appointment of a new or successor trustee.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent the Trust Fund from failing to qualify as a REMIC and to
prevent the imposition of a tax on the Trust Fund or the REMIC
established hereunder. The Trustee, upon request, will furnish
the Company with all such information within its possession as
may be reasonably required in connection with the preparation of
all tax returns of the Trust Fund and any Reserve Fund, and
shall, upon request, execute such returns.
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ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans. Subject to Section 9.02, the
respective obligations and responsibilities of the Company and
the Trustee created hereby (other than the obligation of the
Trustee to make certain payments to Certificateholders after the
final Distribution Date and the obligation of the Trustee to send
certain notices as hereinafter set forth) shall terminate upon
the last action required to be taken by the Trustee on the final
Distribution Date pursuant to this Article IX following the
earlier of (a) the repurchase by the Company of all Mortgage
Loans and all REO Mortgage Loans remaining in the Trust Fund at a
price equal to the sum of (x) 100% of the unpaid principal
balance of each Mortgage Loan (other than any REO Mortgage Loans
described in the following clause) as of the first day of the
month in which such purchase price is to be distributed to
Certificateholders plus accrued and unpaid interest thereon at
the applicable Remittance Rate (less any amounts constituting
previously unreimbursed Monthly Advances) to the first day of the
month in which such purchase price is to be distributed to
Certificateholders and (y) the appraised value of any REO
Mortgage Loan (less the good faith estimate of the Company of
Liquidation Expenses to be incurred in connection with its
disposal thereof), such appraisal to be conducted by an appraiser
mutually agreed upon by the Company and the Trustee, and (b) the
later of the final payment or other liquidation (or any Monthly
Advance with respect thereto) of the last Mortgage Loan remaining
in the Trust Fund or the disposition of all property acquired
upon foreclosure or by deed in lieu of foreclosure of any
Mortgage Loan; provided, however, that in no event shall the
Trust Fund created hereby continue beyond the expiration of 21
years from the death of the last survivor of the descendants of
Joseph P. Kennedy, the late ambassador of the United States of
America to the Court of St. James's, living on the date of this
Agreement. The right of the Company to repurchase all Mortgage
Loans pursuant to clause (a) above shall be conditioned upon the
aggregate of the Scheduled Principal Balance of the Outstanding
Mortgage Loans, at the time of any such repurchase, aggregating
less than 10 percent of the aggregate of the Scheduled Principal
Balance of the Mortgage Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
Certificates to the Trustee for payment of the final distribution
and cancellation, shall be given promptly by the Trustee by
letter to Certificateholders mailed not earlier than the 15th day
and not later than the 25th day of the month next preceding the
month of such final distribution specifying (A) the Distribution
Date upon which final payment of the Certificates will be made
upon presentation and surrender of the Certificates at the office
of the Trustee therein designated, (B) the amount of any such
final payment and (C) that the Record Date otherwise applicable
to such Distribution Date is not applicable, payments being made
only upon presentation and surrender of the Certificates at the
office of the Trustee therein specified. The Trustee shall give
such notice to the Certificate Registrar at the time such notice
is given to Certificateholders. In the event such notice is given
in connection with the exercise by the Company of its right of
repurchase, the Company shall deposit in the Certificate Account
not later than 11:00 a.m. on the Business Day prior to the final
Distribution Date in next-day funds an amount equal to the price
described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
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Certificateholders an amount equal to the price calculated as
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall distribute
amounts on deposit in the Certificate Account in accordance with
the applicable priorities provided by Section 4.01. Distributions
on each Certificate shall be made on the final Distribution Date
in the manner specified in Section 4.02 but only upon
presentation and surrender of the Certificates.
In the event that all of the Certificateholders shall not
surrender their Certificates for cancellation within six months
after the date specified in the above-mentioned written notice,
the Trustee shall give a second written notice to the remaining
Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect
thereto. If within one year after the second notice all the
Certificates shall not have been surrendered for cancellation,
the Trustee may take appropriate steps, or may appoint an agent
to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates,
and the cost thereof shall be paid out of the funds and other
assets which remain subject hereto.
Section 9.02. Additional Termination Requirements. (a) In
the event the Company exercises its purchase option as provided
in Section 9.01, the Trust Fund and the REMIC established
hereunder shall be terminated in accordance with the following
additional requirements, unless the Trustee has been supplied
with an Opinion of Counsel to the effect that the failure to
comply with the requirements of this Section 9.02 will not (i)
result in the imposition of taxes on "prohibited transactions" of
such REMIC as defined in section 860F of the 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,
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.
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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.
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
94
<PAGE>
the rights of the Holders of any other of the Certificates, or to
obtain or seek to obtain priority over or preference to any other
such Holder, or to enforce any right under this Agreement, except
in the manner herein provided and for the equal, ratable and
common benefit of all Certificateholders. For the protection and
enforcement of the provisions of this Section 10.03, each and
every Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 225 Franklin Street,
Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch
IBCA, Inc., One State Street Plaza, New York, New York 10004,
Attention: Structured Finance Surveillance, and (d) in the case
of S&P, Standard and Poor's Ratings Services, 26 Broadway, 10th
Floor, New York, New York 10004, Attention: Residential Mortgage
Surveillance, or, as to each such Person, at such other address
as shall be designated by such Person in a written notice to each
other named Person. Any notice required or permitted to be mailed
to a Certificateholder shall be given by first class mail,
postage prepaid, at the address of such Holder as shown in the
Certificate Register. Any notice so mailed within the time
prescribed in this Agreement shall be conclusively presumed to
have been duly given, whether or not the Certificateholder
receives such notice.
Section 10.06. Notices to the Rating Agencies. The Company
shall deliver written notice of the following events to each
Rating Agency promptly following the occurrence thereof: material
amendment to this Agreement; any Event of Default; any Trigger
Event; change in or termination of the Trustee; removal of the
Company or any successor servicer as servicer; repurchase or
replacement of any Defective Mortgage Loan pursuant to Section
2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
delivered pursuant to this Agreement: monthly statements to
Certificateholders pursuant to Section 4.05, annual report of
independent accountants pursuant to Section 3.13 and annual
servicer compliance report pursuant to Section 3.12.
Notwithstanding the foregoing, the failure to deliver such
notices or copies shall not constitute an Event of Default under
this Agreement.
Section 10.07. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever held invalid, then
to the extent permitted by law such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement or of the Certificates or the
rights of the Holders thereof.
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<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.
* * *
96
<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 November, 1998 before me, a notary
public in and for the State of New Jersey, personally appeared
_______________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at _______________________
___________________________________; that he/she is a(n)
_________________________ of GE Capital Mortgage Services, Inc.,
a corporation formed under the laws of the State of New Jersey,
one of the parties that executed the foregoing instrument; that
he/she knows the seal of said corporation; that the seal affixed
to said instrument is such corporate seal; that it was so affixed
by order of the Board of Directors of said corporation; and that
he/she signed his/her name thereto by like order.
----------------------------------
Notary Public
[Notarial Seal]
<PAGE>
The Commonwealth of Massachusetts )
) ss.:
County of Suffolk )
On the day of November, 1998 before me, a notary
public in and for the Commonwealth of Massachusetts, personally
appeared ____________________, known to me who, being by me duly
sworn, did depose and say that he/she resides at __________________
_____________________________________________________________;
that he/she is a(n) __________________________________ of State
Street Bank and Trust Company, one of the parties that executed
the foregoing instrument; that he/she knows the seal of said
Bank; that the seal affixed to said instrument is such corporate
seal; that it was so affixed by order of the Board of Directors
of said Bank; and that he/she signed his/her name thereto by
order of the Board of Directors of said Bank.
----------------------------------
Notary Public
[Notarial Seal]
<PAGE>
EXHIBIT A
FORMS OF CERTIFICATES
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 $334,182,000
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RVQ5
December 28, 1998
2
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 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 November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
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 1998-21, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class PO, Class M, Class B1, Class B2, Class B3, Class
B4 and Class B5, herein called the "Certificates").
The Certificates are limited in right of payment to certain
payments on and collections in respect of the Mortgage Loans, all
as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans resulting
from defaults by Mortgagors will be borne by the Holders of the
Class M, Class B1, Class B2, Class B3, Class B4 and Class B5
Certificates before such losses will be borne by the Holders of
the other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement
and reference is made to the Agreement for the interests, rights
and limitations of rights, benefits, obligations and duties
evidenced hereby, and the rights, duties and immunities of the
Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
4
<PAGE>
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made to any
Person unless the Trustee has received a certificate from such
transferee to the effect that, among other things, such
transferee (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
5
<PAGE>
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
6
<PAGE>
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
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 1998-21
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 $854,000
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RVR3
December 28, 1998
11
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 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 November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-21
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 $50,066,432
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RVS1
December 28, 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 November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-21
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 $1,500,000
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.50%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RVT9
December 28, 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 November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-21
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 $5,729,387
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.50%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RVU6
December 28, 1998
20
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 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 November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-21
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 $1,583,333
Certificate Interest Initial Certificate Principal Rate per annum:
variable Balance of this Certificate:
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RVV4
December 28, 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 November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-21
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 $527,778
Certificate Interest Initial Certificate Principal Rate per annum:
variable Balance of this Certificate:
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RVW2
December 28, 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 November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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 1998-21
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 $4,854,400
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.00%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RVX0
December 28, 1998
29
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 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 November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
30
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
31
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 A9 Certificate
Principal Balance:
Class A9 $263,889
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum:
non-interest bearing
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RVY8
December 28, 1998
32
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A9 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
33
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
34
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 A10 Certificate
Principal Balance:
Class A10 $11,630,769
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.50%
November 1, 1998
First Distribution Date: CUSIP: 36157RVZ5
December 28, 1998
35
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A10 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
36
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
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.
37
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 A11 Certificate
Principal Balance:
Class A11 $465,231
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum:
non-interest bearing
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RWA9
December 28, 1998
38
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class A11 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
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).
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.
40
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 A12 Certificate
Principal Balance:
Class A12 $76,250,000
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RWB7
December 28, 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 A12 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
42
<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.
43
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 A13 Certificate
Principal Balance:
Class A13 $12,757,000
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RWC5
December 28, 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 A13 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
45
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS THE
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" ("REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN
SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE,
BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS
PERSON" OF THE REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS
PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F
OF THE CODE, WITH RESPECT TO THE TRUST FUND.
46
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RWD3
December 28, 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 R Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
48
<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 1998-21, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class PO, Class M, Class B1, Class B2, Class B3, Class
B4 and Class B5, herein called the "Certificates").
The Certificates are limited in right of payment to certain
payments on and collections in respect of the Mortgage Loans, all
as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans resulting
from defaults by Mortgagors will be borne by the Holders of the
Class M, Class B1, Class B2, Class B3, Class B4 and Class B5
Certificates before such losses will be borne by the Holders of
the other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement
and reference is made to the Agreement for the interests, rights
and limitations of rights, benefits, obligations and duties
evidenced hereby, and the rights, duties and immunities of the
Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
49
<PAGE>
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made to any
Person unless the Trustee has received a certificate from such
transferee to the effect that, among other things, such
transferee (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
50
<PAGE>
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
51
<PAGE>
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
52
<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: ______________________
53
<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.
54
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
55
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 $10,181,000
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RWE1
December 28, 1998
56
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
57
<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 1998-21, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class PO, Class M, Class B1, Class B2, Class B3, Class
B4 and Class B5, herein called the "Certificates").
The Certificates are limited in right of payment to certain
payments on and collections in respect of the Mortgage Loans, all
as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans resulting
from defaults by Mortgagors will be borne by the Holders of the
Class M, Class B1, Class B2, Class B3, Class B4 and Class B5
Certificates before such losses will be borne by the Holders of
the other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement
and reference is made to the Agreement for the interests, rights
and limitations of rights, benefits, obligations and duties
evidenced hereby, and the rights, duties and immunities of the
Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
58
<PAGE>
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made to any
Person unless the Trustee has received a certificate from such
transferee to the effect that, among other things, such
transferee (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
59
<PAGE>
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
60
<PAGE>
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
61
<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: ______________________
62
<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.
63
<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.
64
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class B1 Certificate
Principal Balance:
Class B1 $4,176,000
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RWF8
December 28, 1998
65
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B1 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
66
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
67
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 $2,349,000
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP: 36157RWG6
December 28, 1998
68
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B2 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
69
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
70
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 $2,088,000.00
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RWS0
December 28, 1998
71
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B3 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
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<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 1998-21, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class PO, Class M, Class B1, Class B2, Class B3, Class
B4 and Class B5, herein called the "Certificates").
The Certificates are limited in right of payment to certain
payments on and collections in respect of the Mortgage Loans, all
as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans resulting
from defaults by Mortgagors will be borne by the Holders of the
Class M, Class B1, Class B2, Class B3, Class B4 and Class B5
Certificates before such losses will be borne by the Holders of
the other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement
and reference is made to the Agreement for the interests, rights
and limitations of rights, benefits, obligations and duties
evidenced hereby, and the rights, duties and immunities of the
Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
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<PAGE>
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Exemption
95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption")
applies to such transferee's acquisition and holding of such
Certificate, or (ii) an opinion of counsel satisfactory to the
Trustee, which opinion shall not be an expense of the Trustee or
the Company, to the effect that the purchase and holding of such
Certificate will not constitute or result in the assets of the
Trust Fund being deemed to be "plan assets" and subject to the
prohibited transaction provisions of ERISA or Section 4975 and
will not subject the Trustee or the Company to any obligation in
addition to those undertaken in the Agreement; provided, however,
that the Trustee will not require such certificate or opinion in
the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Trustee has rendered an opinion to
the effect that the purchase and holding of a Class M, Class B1,
Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or
a Person that is purchasing or holding such Certificate with the
assets of a Plan will not constitute or result in a prohibited
transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made to any
Person unless the Trustee has received a certificate from such
transferee to the effect that, among other things, such
transferee (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
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<PAGE>
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
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<PAGE>
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
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<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this Certificate
to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By: _________________________
Name:
Title:
Countersigned:
By _________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated: ______________________
77
<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.
78
<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
79
<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)
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<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
81
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 $1,044,000.00
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RWT8
December 28, 1998
82
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
83
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
84
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 $1,568,210.59
Certificate Interest Initial Certificate Principal
Balance of this Certificate: Rate per annum: 6.25%
Cut-off Date:
November 1, 1998
First Distribution Date: CUSIP:36157RWU5
December 28, 1998
85
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class B5 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of a pool (the "Pool") of
conventional, fixed rate, one- to four-family mortgage loans (the
"Mortgage Loans"), sold and serviced by GE Capital Mortgage
Services, Inc., a corporation organized and existing under the
laws of the State of New Jersey (the "Company"). The Trust Fund
was created pursuant to a Pooling and Servicing Agreement dated
as of November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on
86
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE 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).
87
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-21
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 $32,152.72
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
November 1, 1998
First Distribution Date:
December 28, 1998
88
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 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 November 1, 1998 (the "Agreement"), between the Company and
State Street Bank and Trust Company, as trustee (the "Trustee"),
a summary of certain of the pertinent provisions of which is set
forth herein below. To the extent not defined herein, the terms
used herein have the meanings assigned in the Agreement. This
Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement
the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th day of
each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in December 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
89
<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 1998-21, issued in twenty-one Classes (Class
A1, Class A2, Class A3, Class A4, Class A5, Class A6, Class A7,
Class A8, Class A9, Class A10, Class A11, Class A12, Class A13,
Class R, Class PO, Class M, Class B1, Class B2, Class B3, Class
B4 and Class B5, herein called the "Certificates").
The Certificates are limited in right of payment to certain
payments on and collections in respect of the Mortgage Loans, all
as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans resulting
from defaults by Mortgagors will be borne by the Holders of the
Class M, Class B1, Class B2, Class B3, Class B4 and Class B5
Certificates before such losses will be borne by the Holders of
the other Classes of the Certificates.
This Certificate does not purport to summarize the Agreement
and reference is made to the Agreement for the interests, rights
and limitations of rights, benefits, obligations and duties
evidenced hereby, and the rights, duties and immunities of the
Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
90
<PAGE>
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class M, Class B1, Class B2, Class B3,
Class B4 or Class B5 Certificate which is in the form of a
Definitive Certificate shall be made to any Person unless the
Trustee has received (i) a certificate from such transferee to
the effect that such transferee (x) is not an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Internal Revenue Code of 1986, as amended ("Section 4975") (a
"Plan") or a Person that is using the assets of a Plan to acquire
such Certificate or (y) is an insurance company investing assets
of its general account and the exemption provided by Section
III(a) of Department of Labor Prohibited Transaction Class
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the
"Exemption") applies to such transferee's acquisition and holding
of such Certificate, or (ii) an opinion of counsel satisfactory
to the Trustee, which opinion shall not be an expense of the
Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in the
assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5
Certificate by a Plan or a Person that is purchasing or holding
such Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made to any
Person unless the Trustee has received a certificate from such
transferee to the effect that, among other things, such
transferee (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
91
<PAGE>
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
92
<PAGE>
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Pool Scheduled Principal Balance at the time of
repurchase being less than 10 percent of the Pool Scheduled
Principal Balance as of the Cut-off Date. The Company's exercise
of such right will result in early retirement of the
Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
93
<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: ______________________
94
<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.
95
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
<PAGE>
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan number,
address of the Mortgaged Property and name of the Mortgagor. The
following details shall be set forth as to each Mortgage Loan:
(i) the principal balance at the time of its origination, (ii)
the Scheduled Principal Balance as of the Cut-off Date, (iii) the
interest rate borne by the Mortgage Note, (iv) the scheduled
monthly level payment of principal and interest, (v) the
Loan-To-Value ratio, (vi) the maturity date of the Mortgage Note
and (vii) the Base Servicing Fee Rate for such Mortgage Loan.
Cooperative Loans and Enhanced Streamlined Refinance program
loans shall be designated as such.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007695497 MORTGAGORS: HIXON ALLEN
HIXON LANA
REGION CODE ADDRESS : RR #21 BOX 22
01 CITY : BLOOMINGTON
STATE/ZIP : IL 61704
MORTGAGE AMOUNT : 267,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,688.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.98100
----------------------------------------------------------------
0 0007696826 MORTGAGORS: FERGUSON MICHAEL
FERGUSON IRENE
REGION CODE ADDRESS : 628 RIVIERA DRIVE
02 CITY : TAMPA
STATE/ZIP : FL 33606
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,827.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.68421
----------------------------------------------------------------
0 0007697139 MORTGAGORS: ROSEN EDWARD
ROSEN KIMBERLEE
REGION CODE ADDRESS : 1530 PATHFINDER AVENUE
02 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,798.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,892.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.78200
----------------------------------------------------------------
0 0007697360 MORTGAGORS: CHU ELAINE
REGION CODE ADDRESS : 956 PANTERA DRIVE
02 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,414.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.79400
----------------------------------------------------------------
0 0007697402 MORTGAGORS: FRAZIER LAWRENCE
REGION CODE ADDRESS : 3435 LADY HILL ROAD
02 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,323.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,698,400.00
P & I AMT: 11,978.19
UPB AMT: 1,692,051.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007698913 MORTGAGORS: EICH ROBERT
EICH STEFANIE
REGION CODE ADDRESS : 132 HICKORY STREET
02 CITY : SANTA ROSA BEACH
STATE/ZIP : FL 32459
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,886.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.40600
----------------------------------------------------------------
0 0007698947 MORTGAGORS: SHEEHY VINCENT
SHEEHY MARY
REGION CODE ADDRESS : 1139 FRANKLYN STREET
02 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,468.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007698962 MORTGAGORS: MANCHESTER ROBERT
MANCHESTER MARIA
REGION CODE ADDRESS : 450 NORTH COVE ROAD,
02 CITY : COROLLA,
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,430.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.26300
----------------------------------------------------------------
0 0007698996 MORTGAGORS: SCHEER GREGORY
CHRISTENSEN KATHLEEN
REGION CODE ADDRESS : 1609 SOUND WATCH DRIVE,
02 CITY : WILMINGTON,
STATE/ZIP : NC 28409
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,256.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007699002 MORTGAGORS: GRAHAM PETER
GRAHAM MARY ELLEN
REGION CODE ADDRESS : 201 JOHNS ISLAND,
02 CITY : VERO BEACH,
STATE/ZIP : FL 32963
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,148.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 47.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,000.00
P & I AMT: 11,015.54
UPB AMT: 1,601,190.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007699010 MORTGAGORS: REID JOSEPH
REID JERRY
REGION CODE ADDRESS : 6531 N. 31ST WAY,
02 CITY : PHOENIX,
STATE/ZIP : AZ 85016
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,700.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,425.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007699259 MORTGAGORS: CRIPPS DAVID
CRIPPS JOY
REGION CODE ADDRESS : 504 GRINNELL STREET
02 CITY : KEYWEST
STATE/ZIP : FL 33040
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,771.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.66200
----------------------------------------------------------------
0 0007699333 MORTGAGORS: RADER FRED
RADER LEE ANN
REGION CODE ADDRESS : 122 WILLIS PLACE UNIT 32
02 CITY : BEAVER CREEK
STATE/ZIP : CO 81620
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,301.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.09700
----------------------------------------------------------------
0 0007699556 MORTGAGORS: SPANN CONSTANCE
SPANN JAMES
REGION CODE ADDRESS : 314 CHANDLERS WHARF,
02 CITY : PORTLAND,
STATE/ZIP : ME 04101
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,209.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007699812 MORTGAGORS: KLEPITSCH KURT
KLEPITSCH GAIL
REGION CODE ADDRESS : ON760 HIGHLAKE AVENUE
02 CITY : WEST CHICAGO
STATE/ZIP : IL 60185
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,328.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.91800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,707,800.00
P & I AMT: 11,802.27
UPB AMT: 1,702,309.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007699846 MORTGAGORS: SCHEINOST CRAIG
SCHEINOST CAREY
REGION CODE ADDRESS : 1231 KEIM COURT
02 CITY : GENEVA
STATE/ZIP : IL 60134
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,521.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007699853 MORTGAGORS: FITZPATRICK JOSEPH
FITZPATRICK SANDRA
REGION CODE ADDRESS : 8 ORCHARD WAY SOUTH
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,523.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007699861 MORTGAGORS: KEENEY SCOTT
KEENEY ANGELA
REGION CODE ADDRESS : 1510 WEST POLK STREET
02 CITY : CHICAGO
STATE/ZIP : IL 60607
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,694.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.43900
----------------------------------------------------------------
0 0007699945 MORTGAGORS: FORMICA MICHAEL
DONOWITZ GAYLE
REGION CODE ADDRESS : 6 STEEP HILL ROAD
02 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,394.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0007699952 MORTGAGORS: CHITTERLING CHRISTOPHER
CHITTERLING PATRICIA
REGION CODE ADDRESS : 763 OAKWILDE WAY
02 CITY : MILLERSVILLE
STATE/ZIP : MD 21108
MORTGAGE AMOUNT : 263,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,506.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,800.00
P & I AMT: 10,508.39
UPB AMT: 1,530,640.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007700073 MORTGAGORS: KAPUR RAVI
KAPUR SUNANDA
REGION CODE ADDRESS : 4873 FLOWER HILL
02 CITY : TROY
STATE/ZIP : MI 48098
MORTGAGE AMOUNT : 431,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,010.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,976.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.96200
----------------------------------------------------------------
0 0007700081 MORTGAGORS: KLAGES ROBERT
KLAGES LANYA
REGION CODE ADDRESS : 527 OVERLOOK TERRACE
02 CITY : EUREKA
STATE/ZIP : MO 63025
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,374.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0007700206 MORTGAGORS: CHILDERS CHARLES
CHILDERS RITA
REGION CODE ADDRESS : 1294 SQUIRE LANE
02 CITY : OSAGE BEACH
STATE/ZIP : MO 65065
MORTGAGE AMOUNT : 459,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,971.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,209.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.57100
----------------------------------------------------------------
0 0007700222 MORTGAGORS: FISHER S.
FISHER JOYCE
REGION CODE ADDRESS : 10332 CONGRESSIONAL COURT
02 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,560.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700230 MORTGAGORS: GRACYALNY SCOTT
GRACYALNY VALERIE
REGION CODE ADDRESS : 5704 FARMBROOK LANE
02 CITY : CRYSTAL LAKE
STATE/ZIP : IL 60014
MORTGAGE AMOUNT : 354,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,887.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,883,250.00
P & I AMT: 12,938.10
UPB AMT: 1,878,804.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007700255 MORTGAGORS: KOZAK DONALD
KOZAK MARILYNN
REGION CODE ADDRESS : 16 LOIS LANE
02 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,342.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.91000
----------------------------------------------------------------
0 0007700263 MORTGAGORS: MALIS ANDREW
MALIS ELIZABETH
REGION CODE ADDRESS : 19 LATIMORE WAY
02 CITY : OWINGS MILLS
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,421.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.87600
----------------------------------------------------------------
0 0007700289 MORTGAGORS: MURRAY DONALD
MURRAY SANDRA
REGION CODE ADDRESS : 2805 BELLE HOLLOW COURT
02 CITY : GLENWOOD
STATE/ZIP : MD 21738
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,077.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700347 MORTGAGORS: RUCK THOMAS
RUCK DOLORES
REGION CODE ADDRESS : 29 N. SAGEBRUSH
02 CITY : WICHITA
STATE/ZIP : KS 67230
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,089.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,448.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700362 MORTGAGORS: SEFTON EDMUND
SEFTON DORCAS
REGION CODE ADDRESS : 17 LOWELL DRIVE
02 CITY : STOW
STATE/ZIP : MA 01775
MORTGAGE AMOUNT : 320,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,981.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.79606
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,700.00
P & I AMT: 10,809.77
UPB AMT: 1,587,913.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007700370 MORTGAGORS: SHIRLING CHRISTOPHER
SHIRLING MARY
REGION CODE ADDRESS : 2701 W. 68TH STREET
02 CITY : MISSION HILLS
STATE/ZIP : KS 66208
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,309.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700404 MORTGAGORS: BREUER DANIEL
BREUER KATHI
REGION CODE ADDRESS : 115 COBLEIGH ROAD
02 CITY : BOXBOROUGH
STATE/ZIP : MA 01719
MORTGAGE AMOUNT : 270,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,386.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700453 MORTGAGORS: FRIEDLAND SEYMOUR
STOLTZ CAROL
REGION CODE ADDRESS : 44 TREATY ELM LANE
02 CITY : STOW
STATE/ZIP : MA 01775
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,189.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.17700
----------------------------------------------------------------
0 0007700602 MORTGAGORS: KATZ JOSEPH
KATZ DEBORAH
REGION CODE ADDRESS : 6750 NW 101ST TERRACE
02 CITY : PARKLAND
STATE/ZIP : FL 33076
MORTGAGE AMOUNT : 414,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,132.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0007700610 MORTGAGORS: SCEGIEL DONALD
SCEGIEL CECELIA
REGION CODE ADDRESS : 6511 EAST MORNING VISTA LANE
02 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,298.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,750.00
P & I AMT: 10,875.10
UPB AMT: 1,569,316.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007700628 MORTGAGORS: DOUGLASS MARY
MCDONNELL BERNARD
REGION CODE ADDRESS : 717 POINT OF THE PINES DRIVE
02 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,892.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700677 MORTGAGORS: POWERS G.
REGION CODE ADDRESS : 1321 33RD STREET NW
02 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,320.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700743 MORTGAGORS: BATES GERALD
BATES MARGARET
REGION CODE ADDRESS : 12141 KOUSA COURT
02 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 297,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,446.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007700800 MORTGAGORS: CAWOOD ROBERT
CAWOOD KRISTIN
REGION CODE ADDRESS : 1320 WASHINGTON DRIVE
02 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,541.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700842 MORTGAGORS: PERICH WESLEY
PERICH CECILE
REGION CODE ADDRESS : 13011 SHANEYBROOK CIRCLE
02 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
MORTGAGE AMOUNT : 368,875.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,048.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,514,075.00
P & I AMT: 10,278.30
UPB AMT: 1,510,249.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007700859 MORTGAGORS: WILL HARRY
WILL JANET
REGION CODE ADDRESS : 7302 WAVERLY ISLAND ROAD
02 CITY : EASTON
STATE/ZIP : MD 21601
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,103.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0007700891 MORTGAGORS: MANGOLD MARTIN
MANGOLD JANE
REGION CODE ADDRESS : 6117 ROSELAND DRIVE
02 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,133.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007700909 MORTGAGORS: ADAMS WILLIAM
ADAMS PRISCILLA
REGION CODE ADDRESS : 1804 CIRCLE ROAD
02 CITY : BALTIMORE
STATE/ZIP : MD 21204
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 : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.29100
----------------------------------------------------------------
0 0007700966 MORTGAGORS: WONG JEFFREY
LEE CYNTHIA
REGION CODE ADDRESS : 307 WEST TIMONIUM ROAD
02 CITY : TIMONIUM
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,043.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701006 MORTGAGORS: HILL-BYRNE PETER
HILL-BYRNE CHRISTINE
REGION CODE ADDRESS : 20612 CLARKSBURG ROAD
02 CITY : BOYDS
STATE/ZIP : MD 20841
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,335.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,582.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,514,000.00
P & I AMT: 10,440.00
UPB AMT: 1,509,233.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701022 MORTGAGORS: DALY JOHN
DALY DEBRA
REGION CODE ADDRESS : 15936 LITTLE EAGLE CREEK ROAD
02 CITY : WESTFIELD
STATE/ZIP : IN 46074
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,034.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701055 MORTGAGORS: MADRUGA-FORTI OLGA
REGION CODE ADDRESS : 9220 BENTRIDGE AVENUE
02 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,238.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701063 MORTGAGORS: MANDEL GIL
MANDEL MICHELE
REGION CODE ADDRESS : 1217 BERANS ROAD
02 CITY : OWINGS MILL
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 398,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,844.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,651.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.90476
----------------------------------------------------------------
0 0007701071 MORTGAGORS: SYMMES ROBERT
SYMMES CHARLOTTE
REGION CODE ADDRESS : 6148 S FOX CHASE
02 CITY : PENDLETON
STATE/ZIP : IN 46064
MORTGAGE AMOUNT : 308,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,316.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701089 MORTGAGORS: HUDGINS JOSEPH
HUDGINS A.
REGION CODE ADDRESS : 6347 WINPENNY DRIVE
02 CITY : FREDERICK
STATE/ZIP : MD 21702
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,296.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,847.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,843,300.00
P & I AMT: 12,349.33
UPB AMT: 1,839,730.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701097 MORTGAGORS: GRAHAM CLARK
GRAHAM MARILYN
REGION CODE ADDRESS : 3800 THOMAS POINT ROAD
02 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 381,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,403.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,599.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.21495
----------------------------------------------------------------
0 0007701113 MORTGAGORS: BROTHERS GARY
BROTHERS TAMLA
REGION CODE ADDRESS : 1737 LOIS COURT
02 CITY : LAFAYETTE
STATE/ZIP : CO 80026
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,270.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701139 MORTGAGORS: COWLES RUSSELL
COWLES ANITA
REGION CODE ADDRESS : 8127 LAS PALMAS WAY
02 CITY : NAPLES
STATE/ZIP : FL 34109
MORTGAGE AMOUNT : 297,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,532.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.26600
----------------------------------------------------------------
0 0007701154 MORTGAGORS: SCOTT JOHN
REGION CODE ADDRESS : 6308 WOODLAKE DRIVE
02 CITY : BUFORD
STATE/ZIP : GA 30518
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,175.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 31.81818
----------------------------------------------------------------
0 0007701162 MORTGAGORS: HANNA SAMIR
HANNA RHONA
REGION CODE ADDRESS : 627 BELMONT CREST DRIVE
02 CITY : MARIETTA
STATE/ZIP : GA 30067
MORTGAGE AMOUNT : 333,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,044.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.69483
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,672,100.00
P & I AMT: 11,353.31
UPB AMT: 1,668,426.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701170 MORTGAGORS: DINOS JOHN
DINOS NANCY
REGION CODE ADDRESS : 3829 BRANDY STATION COURT
02 CITY : ATLANTA
STATE/ZIP : GA 30339
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,389.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,379.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
0 0007701196 MORTGAGORS: AXELBERD MARK
AXELBERD JUDITH
REGION CODE ADDRESS : 13211 MUSTANG TRAIL
02 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33330
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,230.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.75600
----------------------------------------------------------------
0 0007701204 MORTGAGORS: COLIE TIMOTHY
COLIE LINDA
REGION CODE ADDRESS : 2231 NE 44 STREET
02 CITY : LIGHTHOUSE POINT
STATE/ZIP : FL 33064
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,364.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701238 MORTGAGORS: SMITH BRIAN
SMITH BEVERLY
REGION CODE ADDRESS : 3855 OAKRIDGE CIRCLE
02 CITY : WESTON
STATE/ZIP : FL 33331
MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,775.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.53400
----------------------------------------------------------------
0 0007701246 MORTGAGORS: MCKENZIE G.
MCKENZIE SHARON
REGION CODE ADDRESS : 5025 WILD GINGER COVE
02 CITY : NORCROSS
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 274,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,422.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99019
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,919,300.00
P & I AMT: 12,963.49
UPB AMT: 1,915,181.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701261 MORTGAGORS: REA GEORGE
REA CONNIE
REGION CODE ADDRESS : 3942 SUMMER BREEZE COURT
02 CITY : MARIETTA
STATE/ZIP : GA 30066
MORTGAGE AMOUNT : 234,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,674.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0007701279 MORTGAGORS: JOHNSON DEBORAH
JOHNSON SAMUEL
REGION CODE ADDRESS : 324 W. PARKWOOD ROAD
02 CITY : DECATUR
STATE/ZIP : GA 30030
MORTGAGE AMOUNT : 250,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,898.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99360
----------------------------------------------------------------
0 0007701287 MORTGAGORS: EVANS MICHAEL
EVANS LISA
REGION CODE ADDRESS : 735 PINE LEAF COURT
02 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 417,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,113.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0007701295 MORTGAGORS: MOSTOUFI FARSHID
MORAKABATI SHOLEH
REGION CODE ADDRESS : 4630 PARK BROOKE TRACE
02 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 322,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,001.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,147.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0007701303 MORTGAGORS: WROBLESKI DAVID
WROBLESKI DEBORAH
REGION CODE ADDRESS : 395 WILDE GREEN DRIVE
02 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 259,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,792.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.58500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,484,400.00
P & I AMT: 9,894.81
UPB AMT: 1,481,479.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701311 MORTGAGORS: RUSSEY CRAIG
RUSSEY LISA
REGION CODE ADDRESS : 10709 INDIAN TRAIL
02 CITY : COOPER CITY
STATE/ZIP : FL 33328
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,287.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.88900
----------------------------------------------------------------
0 0007701329 MORTGAGORS: STUETZER F.
STUETZER MARY
REGION CODE ADDRESS : 3870 MAYBREEZE ROAD
02 CITY : MARIETTA
STATE/ZIP : GA 30066
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,257.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701345 MORTGAGORS: BREESER CONNIE
BREESER DAVID
REGION CODE ADDRESS : 340 GLEN LAKE DRIVE
02 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,580.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.71400
----------------------------------------------------------------
0 0007701378 MORTGAGORS: ZENGA JOHN
ZENGA SUSAN
REGION CODE ADDRESS : 2713 MEADOWOOD COURT
02 CITY : WESTON
STATE/ZIP : FL 33332
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,236.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.22000
----------------------------------------------------------------
0 0007701386 MORTGAGORS: REED MARIAN
REGION CODE ADDRESS : 4235 MILLSIDE WALK
02 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,007.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,600.00
P & I AMT: 10,941.58
UPB AMT: 1,607,370.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701402 MORTGAGORS: TAYLOR JOHN
TAYLOR LORI
REGION CODE ADDRESS : 3205 MOCKINGBIRD LANE
02 CITY : LOUISVILLE
STATE/ZIP : KY 40207
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,859.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,956.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 69.23000
----------------------------------------------------------------
0 0007701410 MORTGAGORS: CHARLES MICHAEL
CHARLES LISA
REGION CODE ADDRESS : 5339 WEST MOHAWK LANE
02 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,873.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.53300
----------------------------------------------------------------
0 0007701451 MORTGAGORS: LA MONTAGNE KAY
LA MONTAGNE EDWARD
REGION CODE ADDRESS : 4180 SANS SAUCI COURT
02 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,921.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 54.90100
----------------------------------------------------------------
0 0007701469 MORTGAGORS: LOGAN STEPHEN
LOGAN LINDA
REGION CODE ADDRESS : 745 FILLMORE STREET
02 CITY : DENVER
STATE/ZIP : CO 80206
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,493.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,377.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007701485 MORTGAGORS: MOSELEY CLAIBORNE
MOSELEY CARLA
REGION CODE ADDRESS : 3500 BIG CREEK COVE
02 CITY : JONESBORO
STATE/ZIP : AR 72404
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,793.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,368.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,829,500.00
P & I AMT: 12,336.81
UPB AMT: 1,824,942.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701493 MORTGAGORS: RICHER MARK
RICHER SABRINA
REGION CODE ADDRESS : 3654 LAKESHORE DRIVE
02 CITY : WATERFORD
STATE/ZIP : MI 48329
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,189.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,438.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 37.15700
----------------------------------------------------------------
0 0007701568 MORTGAGORS: HANNEN DAVID
HANNEN LEEANN
REGION CODE ADDRESS : 12185 NORTH 114TH WAY
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,139.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.78700
----------------------------------------------------------------
0 0007701576 MORTGAGORS: CONKLIN MATTHEW
CONKLIN MARY
REGION CODE ADDRESS : 8379 EAST TURQUOISE AVENUE
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,260.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.52000
----------------------------------------------------------------
0 0007701592 MORTGAGORS: SCHAUWECKER JOHN
SCHAUWECKER BEVERLY
REGION CODE ADDRESS : 15622 NORTH 10TH PLACE
02 CITY : PHOENIX
STATE/ZIP : AZ 85022
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,930.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,393.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007701600 MORTGAGORS: MUETZEL JEANNE
BARRETT ROBIN
REGION CODE ADDRESS : 21585 NORTH 56TH AVENUE
02 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,721.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,666,000.00
P & I AMT: 11,283.46
UPB AMT: 1,661,241.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701659 MORTGAGORS: TRUONG TONY
CHOW MELANIE
REGION CODE ADDRESS : 624 ALEXIS CIRCLE
02 CITY : DALY CITY
STATE/ZIP : CA 94014
MORTGAGE AMOUNT : 276,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,098.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0007701683 MORTGAGORS: GASSMAN EDWARD
GASSMAN ANN
REGION CODE ADDRESS : 1038 PTARMIGAN RUN
02 CITY : LOVELAND
STATE/ZIP : CO 80538
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,305.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.10526
----------------------------------------------------------------
0 0007701717 MORTGAGORS: WELSH CALVIN
WELSH PARMELEE
REGION CODE ADDRESS : 7427 SOUTH BLUE CREEK ROAD
02 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 255,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,067.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.05400
----------------------------------------------------------------
0 0007701782 MORTGAGORS: KANE ENEAS
KANE JENNIFER
REGION CODE ADDRESS : 33 WEST NORTHVIEW AVENUE
02 CITY : PHOENIX
STATE/ZIP : AZ 85021
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,276.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.25500
----------------------------------------------------------------
0 0007701816 MORTGAGORS: SCHORK JOHN
SCHORK CAROLE
REGION CODE ADDRESS : 407 238TH AVENUE NORTHEAST
02 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,366.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,450.00
P & I AMT: 9,683.42
UPB AMT: 1,415,113.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007701915 MORTGAGORS: BOEREN III JOHN
BOEREN MARRENE
REGION CODE ADDRESS : 525 EAST WATERS EDGE DRIVE
02 CITY : BELLEVILLE
STATE/ZIP : IL 62221
MORTGAGE AMOUNT : 349,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,005.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,357.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.93203
----------------------------------------------------------------
0 0007702251 MORTGAGORS: LINDNER WILBUR
LINDNER DONNA
REGION CODE ADDRESS : 8605 NAVIDAD DR.
02 CITY : AUSTIN
STATE/ZIP : TX 78735
MORTGAGE AMOUNT : 631,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 629,510.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,202.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.77000
----------------------------------------------------------------
0 0007702681 MORTGAGORS: ATKINSON-SHOREY DENISE
REGION CODE ADDRESS : 4 CIRCLE DRIVE
02 CITY : LAKEWOOD
STATE/ZIP : CO 80215
MORTGAGE AMOUNT : 251,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,962.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.97900
----------------------------------------------------------------
0 0007702848 MORTGAGORS: HARMON CLAREN
REGION CODE ADDRESS : 11967 WINDPOINTE PASS
02 CITY : CARMEL
STATE/ZIP : IN 46033
MORTGAGE AMOUNT : 347,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,956.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.35100
----------------------------------------------------------------
0 0007703093 MORTGAGORS: WALKER JEFFERY
WALKER LISA
REGION CODE ADDRESS : 20617 88TH AVENUE WEST
02 CITY : EDMONDS
STATE/ZIP : WA 98026
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,976.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.33333
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,870,550.00
P & I AMT: 12,572.45
UPB AMT: 1,865,412.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007703127 MORTGAGORS: WILSON LANDON
REGION CODE ADDRESS : 1500 DANTON LANE
02 CITY : BOWIE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 235,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,434.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0007703218 MORTGAGORS: COWAN JANET
REGION CODE ADDRESS : 25 BAYSIDE ROAD
02 CITY : QUINCY
STATE/ZIP : MA 02171
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,399.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.33333
----------------------------------------------------------------
0 0007703374 MORTGAGORS: CLEM WILLIAM
REGION CODE ADDRESS : 14990 ECHO DRIVE
02 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,277.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.84615
----------------------------------------------------------------
0 0007703457 MORTGAGORS: ROGERS PAUL
ROGERS MARCIA
REGION CODE ADDRESS : 75 MYSTERY FARM ROAD
02 CITY : CRANSTON
STATE/ZIP : RI 02921
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,399.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.47368
----------------------------------------------------------------
0 0007703887 MORTGAGORS: CLARK DOUGLAS
CLARK KASSI
REGION CODE ADDRESS : 3304 217TH PLACE NORTHEAST
02 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,280.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,950.00
P & I AMT: 9,163.97
UPB AMT: 1,335,791.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007704075 MORTGAGORS: FINNANCE ROBERT
FINNANCE BETH
REGION CODE ADDRESS : 81 OLD FARM ROAD
02 CITY : WEST SIMSBURY
STATE/ZIP : CT 06092
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,380.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,701.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.69400
----------------------------------------------------------------
0 0007706468 MORTGAGORS: STONE LARRY
STONE MARTHA
REGION CODE ADDRESS : 7945 CHANCERY RIDGE
02 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 304,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,168.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007706476 MORTGAGORS: WYATT HATHAWAY JUANITA
HATHAWAY GARY
REGION CODE ADDRESS : 510 WILDE GREEN DRIVE
02 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 286,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,974.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 83.64400
----------------------------------------------------------------
0 0007706583 MORTGAGORS: FELTNER ROBERT
FELTNER JACQUELINE
REGION CODE ADDRESS : 3015 LITTLE COUNTRY ROAD
02 CITY : PARRISH
STATE/ZIP : FL 34219
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,042.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007706591 MORTGAGORS: HOUSER GERALD
HOUSER VIRGINIA
REGION CODE ADDRESS : 4802 WOODMERE ROAD
02 CITY : TAMPA
STATE/ZIP : FL 33609
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,465.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,592,800.00
P & I AMT: 10,815.70
UPB AMT: 1,588,030.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007706617 MORTGAGORS: HOWARD R
HOWARD CRYSTAL
REGION CODE ADDRESS : 1350 SHADY KNOLL COURT
02 CITY : LONGWOOD
STATE/ZIP : FL 32750
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,428.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,646.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.00800
----------------------------------------------------------------
0 0007706682 MORTGAGORS: MANN JACK
REGION CODE ADDRESS : 392 CEZANNE DRIVE
02 CITY : OSPREY
STATE/ZIP : FL 34229
MORTGAGE AMOUNT : 396,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,466.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,704.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.28000
----------------------------------------------------------------
0 0007706773 MORTGAGORS: MOSCA GEORGE
REGION CODE ADDRESS : 221 CARPATHIAN WAY
02 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,815.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.03600
----------------------------------------------------------------
0 0007706799 MORTGAGORS: RICHARDSON DOUGLAS
RICHARDSON JANE
REGION CODE ADDRESS : 721 N DANVILLE STREET
02 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,008.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 72.63100
----------------------------------------------------------------
0 0007706864 MORTGAGORS: SHAMLOU K
REGION CODE ADDRESS : 1329 OAK FOREST DR
02 CITY : ORMOND BEACH
STATE/ZIP : FL 32174
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,318.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,583,700.00
P & I AMT: 10,805.88
UPB AMT: 1,576,037.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007707078 MORTGAGORS: COLLIGAN DEAN
COLLIGAN SHARON
REGION CODE ADDRESS : 125 SUNRISE COURT
02 CITY : WOODLAND PARK
STATE/ZIP : CO 80863
MORTGAGE AMOUNT : 319,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,720.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.79600
----------------------------------------------------------------
0 0007707094 MORTGAGORS: PETERSON NEAL
PETERSON BRENDA
REGION CODE ADDRESS : 5465 E. HERRERA DRIVE
02 CITY : PHOENIX
STATE/ZIP : AZ 85054
MORTGAGE AMOUNT : 266,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,706.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0007707102 MORTGAGORS: NEAL ROBERT
NEAL MARSHA
REGION CODE ADDRESS : 10280 E. VERBENA LANE
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 262,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,941.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0007707128 MORTGAGORS: BRAKE HILTON
BRAKE MARCIA
REGION CODE ADDRESS : 854 THE OLD STATION COURT
02 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,123.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007707219 MORTGAGORS: GABEL BARRY
GABEL BABBI
REGION CODE ADDRESS : 5402 E. ROYAL PALM ROAD
02 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,072.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.56700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,700.00
P & I AMT: 10,473.78
UPB AMT: 1,534,564.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708050 MORTGAGORS: KIMBRO BOBBY
REGION CODE ADDRESS : 79 BLUE RIDGE TRACE
02 CITY : HENDERSONVILLE
STATE/ZIP : TN 37075
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,597.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.03200
----------------------------------------------------------------
0 0007708076 MORTGAGORS: NYMAN MATTHEW
NYMAN ANJUMAN
REGION CODE ADDRESS : 1313 QUAIL RIDGE DRIVE
02 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,858.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,568.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708092 MORTGAGORS: WILLIAMS JAMES
WILLIAMS ANN
REGION CODE ADDRESS : 24037 DUDLEY COURT
02 CITY : HOLLYWOOD
STATE/ZIP : MD 20636
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,583.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708100 MORTGAGORS: RADHAKRISHNAN SUNDARAL
KOORAPATY SRIDEVI
REGION CODE ADDRESS : 10223 BRITTENFORD DRIVE
02 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 359,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,844.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007708126 MORTGAGORS: LUCHS ERIK
LUCHS DEBORAH
REGION CODE ADDRESS : 1920 VIRGINIA AVENUE
02 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,599.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,359,250.00
P & I AMT: 9,120.72
UPB AMT: 1,356,482.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708134 MORTGAGORS: RITTER LEONARD
RITTER POLLY
REGION CODE ADDRESS : 235 LAWYERS ROAD N.W.
02 CITY : VIENNA
STATE/ZIP : VA 22180
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 : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708142 MORTGAGORS: MONTAGNE ROBERT
MONTAGNE BRIDGET
REGION CODE ADDRESS : 4916 OAKCREST DRIVE
02 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,132.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708159 MORTGAGORS: WHANG MATTHEW
WHANG MARGARET
REGION CODE ADDRESS : 43 WEST MOUNT DRIVE
02 CITY : LIVINGSTON TOWNSHIP
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,849.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,162.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 69.51800
----------------------------------------------------------------
0 0007708175 MORTGAGORS: SHEEHAN THOMAS
SHEEHAN KAREN
REGION CODE ADDRESS : 15025 DOE RIDGE ROAD
02 CITY : HAYMARKET
STATE/ZIP : VA 20169
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,526.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708183 MORTGAGORS: GRABER EDMUND
REGION CODE ADDRESS : 2302 N JACKSON STREET
02 CITY : ARLINGTON
STATE/ZIP : VA 22201
MORTGAGE AMOUNT : 343,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,348.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,839,500.00
P & I AMT: 12,105.09
UPB AMT: 1,836,407.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708191 MORTGAGORS: MADISON KENNETH
MADISON MARY
REGION CODE ADDRESS : 28 PRAIRIE CLOVER
02 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 376,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,880.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,504.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007708209 MORTGAGORS: RICHTER SCOTT
RITCHER JANICE
REGION CODE ADDRESS : 2929 SUMMER HILL DRIVE
02 CITY : WEST FRIENDSHIP
STATE/ZIP : MD 21794
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,179.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708217 MORTGAGORS: JONES GREGORY
REGION CODE ADDRESS : 4825 GRANDVIEW COURT
02 CITY : LA PLATA
STATE/ZIP : MD 20646
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,262.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.23500
----------------------------------------------------------------
0 0007708225 MORTGAGORS: NIGHTINGALE MARK
NIGHTINGALE HEIDI
REGION CODE ADDRESS : 5519 N DELAWARE STREET
02 CITY : INDIANAPOLIS
STATE/ZIP : IN 46220
MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,810.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708233 MORTGAGORS: TONNESSEN GLEN
TONNESSEN NANCY
REGION CODE ADDRESS : 44 SUTTON FARM ROAD
02 CITY : FLEMINGTON
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,569.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.90100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,900.00
P & I AMT: 10,171.78
UPB AMT: 1,503,702.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708241 MORTGAGORS: WU CHIEH
WU CHIEN-YUN
REGION CODE ADDRESS : 5813 HAMPTON FOREST WAY
02 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,350.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.78900
----------------------------------------------------------------
0 0007708258 MORTGAGORS: WALKER EDWARD
WALKER KIMBERLY
REGION CODE ADDRESS : 2409 MUNFORD DRIVE
02 CITY : FALSTON
STATE/ZIP : MD 21047
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,572.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708274 MORTGAGORS: BRAMUCCI CHARLES
BRAMUCCI PARVANEH
REGION CODE ADDRESS : 9 CHAMARAL COURT
02 CITY : COCKEYSVILLE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,957.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,379.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.98900
----------------------------------------------------------------
0 0007708290 MORTGAGORS: FOWLER DAVID
FOWLER ELIZABETH
REGION CODE ADDRESS : 1743 VENUS DRIVE
02 CITY : SANIBEL
STATE/ZIP : FL 33957
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,329.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,816.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.86700
----------------------------------------------------------------
0 0007708308 MORTGAGORS: PARKER DALE
PARKER ERIN
REGION CODE ADDRESS : 1493 75TH CIRCLE NE
02 CITY : ST. PETERSBURG
STATE/ZIP : FL 33702
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,030.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,889,500.00
P & I AMT: 12,708.06
UPB AMT: 1,886,240.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708316 MORTGAGORS: COULSON JOHN
REGION CODE ADDRESS : 118 HAWTHORN ROAD
02 CITY : BALTIMORE
STATE/ZIP : MD 21210
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,866.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708324 MORTGAGORS: WALLACE JOHN
WALLACE M.
REGION CODE ADDRESS : 119 LAKEVIEW AVENUE
02 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 534,203.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,740.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.85000
----------------------------------------------------------------
0 0007708332 MORTGAGORS: ALLEN MATTHEW
ALLEN VALERIE
REGION CODE ADDRESS : 2897 RIDGEWOOD ROAD
02 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,326.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,829.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708340 MORTGAGORS: FUST PAUL
FUST TARA
REGION CODE ADDRESS : 12160 WILDWOOD SPRINGS DRIVE
02 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,803.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708373 MORTGAGORS: WIGGINS LEMUEL
REGION CODE ADDRESS : 7740 WENTWORTH DRIVE
02 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,278.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,887,400.00
P & I AMT: 12,952.61
UPB AMT: 1,884,478.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708399 MORTGAGORS: EDELMANN MARK
EDELMANN LORI
REGION CODE ADDRESS : 19565 HAVENSWAY COURT
02 CITY : BOCA RATON
STATE/ZIP : FL 33498
MORTGAGE AMOUNT : 364,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,679.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,484.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0007708407 MORTGAGORS: PHILLIPS DANIEL
PHILLIPS CHRISTI
REGION CODE ADDRESS : 1240 SMOKEHOUSE TRAIL
02 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 250,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,507.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98597
----------------------------------------------------------------
0 0007708415 MORTGAGORS: KASSIS MARK
KASSIS MARY
REGION CODE ADDRESS : 658 CRESCENT RIDGE TRAIL
02 CITY : MABLETON
STATE/ZIP : GA 30126
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,744.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708423 MORTGAGORS: RAND EDWARD
RAND ANNE
REGION CODE ADDRESS : 5255 LONDON DRIVE
02 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,608.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708431 MORTGAGORS: JACOBSON KENNETH
JACOBSON DONNA
REGION CODE ADDRESS : 4740 PARK BROOKE TRACE
02 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 316,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,116.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.17 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,453,000.00
P & I AMT: 9,764.69
UPB AMT: 1,450,656.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708449 MORTGAGORS: RYMER THOMAS
TRICE E.
REGION CODE ADDRESS : 1885 ANJACO ROAD
02 CITY : ATLANTA
STATE/ZIP : GA 30328
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,461.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708456 MORTGAGORS: HOLT ARTIE
REGION CODE ADDRESS : 3380 CARLTON ROAD
02 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,648.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708464 MORTGAGORS: WEST TRAVIS
WEST GWENDOLYN
REGION CODE ADDRESS : 8285 HEWLETT ROAD
02 CITY : DUNWOODY
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 367,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,596.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,443.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708480 MORTGAGORS: GLENN JONATHAN
GLENN SUZANNE
REGION CODE ADDRESS : 220 CROYTON TERRACE
02 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,004.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.15000
----------------------------------------------------------------
0 0007708498 MORTGAGORS: VANDERSLICE JOHN
REGION CODE ADDRESS : 10568 PINE TREE TERRACE
02 CITY : BOYNTON BEACH
STATE/ZIP : FL 33436
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,473.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,589,900.00
P & I AMT: 10,739.07
UPB AMT: 1,587,182.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708506 MORTGAGORS: DVORAK MICHAEL
DVORAK MAXINE
REGION CODE ADDRESS : 7354 EAST SIERRA MORENA CIRCLE
02 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,228.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0007708522 MORTGAGORS: MACPHEE JAMES
REGION CODE ADDRESS : 10645 LAKE LOUISA ROAD
02 CITY : CLERMONT
STATE/ZIP : FL 34711
MORTGAGE AMOUNT : 264,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,975.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708530 MORTGAGORS: DAVIS JARRETT
DAVIS JANE
REGION CODE ADDRESS : 344 MANOR RIDGE DRIVE
02 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,112.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 48.67200
----------------------------------------------------------------
0 0007708548 MORTGAGORS: HUNT WILLIAM
HUNT JENNIFER
REGION CODE ADDRESS : 5450 MCCOMMAS BOULEVARD
02 CITY : DALLAS
STATE/ZIP : TX 75206
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,541.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007708589 MORTGAGORS: LAND JAMES
LAND LUCY
REGION CODE ADDRESS : 109 LONDONDERRY COURT
02 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,384.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.75400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,320,100.00
P & I AMT: 8,915.72
UPB AMT: 1,317,242.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708613 MORTGAGORS: MENDELSON HOWARD
MENDELSON CHRISTINE
REGION CODE ADDRESS : 5245 EAST CALLE VENTURA
02 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,318.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708621 MORTGAGORS: MERCER NANCY
REGION CODE ADDRESS : 13496 EAST BLOOMFIELD DRIVE
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,036.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,496.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 63.33300
----------------------------------------------------------------
0 0007708662 MORTGAGORS: MILLER RICHARD
MILLER DORIS
REGION CODE ADDRESS : 3003 WEST 111TH DRIVE
02 CITY : WESTMINSTER
STATE/ZIP : CO 80030
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,358.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.08700
----------------------------------------------------------------
0 0007708670 MORTGAGORS: HALCOMB PATRICK
HEISTERBERG CHRISTINE
REGION CODE ADDRESS : 7611 NE 12TH STREET
02 CITY : MEDINA
STATE/ZIP : WA 98039
MORTGAGE AMOUNT : 276,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,732.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708696 MORTGAGORS: DIAZ MARTIN
DIAZ SANDI
REGION CODE ADDRESS : 40 MEADOW DRIVE
02 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 279,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,732.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,900.00
P & I AMT: 10,646.86
UPB AMT: 1,588,179.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708720 MORTGAGORS: RANDALL SANDRA
REGION CODE ADDRESS : 212 FRANCISCO STREET
02 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,181.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708738 MORTGAGORS: OGLESBY ROGER
OGLESBY COLLEEN
REGION CODE ADDRESS : 17 RUE CEZANNE
02 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 514,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,003.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,425.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0007708746 MORTGAGORS: BURNS PAUL
REGION CODE ADDRESS : 8249 EAST QUARTERHORSE TRAIL
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,484.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708753 MORTGAGORS: LU HUNG
YANG SHU
REGION CODE ADDRESS : 4935 EAST BERNEIL DRIVE
02 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,395.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,735.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007708761 MORTGAGORS: QUAY GEORGE
QUAY HOLLI
REGION CODE ADDRESS : 9530 EAST DESERT COVE AVENUE
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,517.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,722,850.00
P & I AMT: 11,786.96
UPB AMT: 1,719,582.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708779 MORTGAGORS: WILEY VIRGINIA
REGION CODE ADDRESS : 2336 EAST GLENCOVE CIRCLE
02 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,495.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007708795 MORTGAGORS: SINCLAIR TERRY
SINCLAIR JOAN
REGION CODE ADDRESS : 4510 144TH AVENUE SOUTHEAST
02 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 341,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,795.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,330.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708811 MORTGAGORS: ZALEWSKI STEPHEN
BRENNAN KATHLEEN
REGION CODE ADDRESS : 17306 NORTHEAST 129TH STREET
02 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,989.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708829 MORTGAGORS: SCHUETT D.
SCHUETT SONJA
REGION CODE ADDRESS : 2506 186TH AVENUE NORTHEAST
02 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,931.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.07300
----------------------------------------------------------------
0 0007708837 MORTGAGORS: NELSON RICHARD
NELSON CATHI
REGION CODE ADDRESS : 19107 SOUTHEAST 45TH STREET
02 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,515.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,100.00
P & I AMT: 10,496.08
UPB AMT: 1,520,727.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708845 MORTGAGORS: VICKERS MICHAEL
VICKERS TAMMY
REGION CODE ADDRESS : 25915 NORTHEAST 29TH PLACE
02 CITY : REDMOND
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 337,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,061.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,390.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0007708852 MORTGAGORS: STEVENS MICHAEL
STEVENS MARSHA
REGION CODE ADDRESS : 424 WEST SPRUCE LANE
02 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,188.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.83090
----------------------------------------------------------------
0 0007708860 MORTGAGORS: DAY DANIEL
DAY JILL
REGION CODE ADDRESS : 720 QUARTER PATH LANE
02 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,390.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708894 MORTGAGORS: ABOU-HAIDAR WALID
ABOU-HAIDAR KATHRYN
REGION CODE ADDRESS : 18977 BARNHART AVENUE
02 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 574,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 572,614.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,867.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007708910 MORTGAGORS: BIRCH CHRISTINA
BIRCH DAVID
REGION CODE ADDRESS : 1299 GLEN AVENUE
02 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,418.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.88888
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,812,800.00
P & I AMT: 12,462.17
UPB AMT: 1,808,674.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708928 MORTGAGORS: BREMNER ROBERT
BREMNER NANCY
REGION CODE ADDRESS : 275 CRESS ROAD
02 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,507.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 54.16600
----------------------------------------------------------------
0 0007708936 MORTGAGORS: LACOMBE FRANK
LACOMBE CARMEN
REGION CODE ADDRESS : 135 ROYAL OAK COURT
02 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,450.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,930.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.98600
----------------------------------------------------------------
0 0007708944 MORTGAGORS: KENDALL PETER
KENDALL SUSAN
REGION CODE ADDRESS : 35 VIA HERMOSA
02 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,187.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,632.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0007708969 MORTGAGORS: PRINCE DEREK
PRINCE ALMA
REGION CODE ADDRESS : 2820 HACIENDA STREET
02 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,150.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.85700
----------------------------------------------------------------
0 0007708985 MORTGAGORS: MIGITA RALPH
MIGITA EILEEN
REGION CODE ADDRESS : 400 30TH AVENUE
02 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,287.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,115,000.00
P & I AMT: 14,524.64
UPB AMT: 2,109,582.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007708993 MORTGAGORS: HALL ROBERT
LEE EILEEN
REGION CODE ADDRESS : 335 SIXTH AVENUE
02 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,189.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709009 MORTGAGORS: BAUMGARTNER MARGARET
WATRY ANDREW
REGION CODE ADDRESS : 1284 MONTEREY AVENUE
02 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 290,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,745.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.42100
----------------------------------------------------------------
0 0007709017 MORTGAGORS: RENDELL CARL
RENDELL JOANNE
REGION CODE ADDRESS : 1156 LA ROCHELLE TERRACE #A
02 CITY : SUNNYVALE
STATE/ZIP : CA 94089
MORTGAGE AMOUNT : 246,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,634.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.94800
----------------------------------------------------------------
0 0007709025 MORTGAGORS: TONELLI JEFFREY
TONELLI MARGIE
REGION CODE ADDRESS : 241 FLORENCE AVENUE
02 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,044.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.17647
----------------------------------------------------------------
0 0007709041 MORTGAGORS: MACAULAY JAMES
MACAULAY LIISA
REGION CODE ADDRESS : 21 CEDARSPRING
02 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,831.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,850.00
P & I AMT: 9,636.97
UPB AMT: 1,392,444.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709058 MORTGAGORS: NICHOLS LISA
COLYER DAVID
REGION CODE ADDRESS : 5 BALRA DRIVE
02 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,796.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.74100
----------------------------------------------------------------
0 0007709066 MORTGAGORS: FREEMAN BRIAN
FREEMAN LINDA
REGION CODE ADDRESS : 4002 SADDLEROCK COURT
02 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,458.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.73333
----------------------------------------------------------------
0 0007709074 MORTGAGORS: COOPER WILLIAM
LITTLE STEVEN
REGION CODE ADDRESS : 17575 SUMMIT AVENUE
02 CITY : GUERNEVILLE
STATE/ZIP : CA 95446
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,170.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007709090 MORTGAGORS: MAR SHELTON
MAR YOLANDA
REGION CODE ADDRESS : 9 PARK MANOR DRIVE
02 CITY : DALY CITY
STATE/ZIP : CA 94015
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,747.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.23000
----------------------------------------------------------------
0 0007709108 MORTGAGORS: WOLFE DAVID
WOLFE TAMRA
REGION CODE ADDRESS : 2990 MEADOWSTONE DRIVE
02 CITY : SIMI VALLEY
STATE/ZIP : VA 93063
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,602.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,317,800.00
P & I AMT: 9,099.45
UPB AMT: 1,314,775.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709116 MORTGAGORS: HALABI ISMAIL
HALABI JUTTA
REGION CODE ADDRESS : 11 SHEARWATER
02 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,412.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.11111
----------------------------------------------------------------
0 0007709124 MORTGAGORS: DAVIS CHRISTOPHER
DAVIS PATTY
REGION CODE ADDRESS : 20520 VIA BELLEZA
02 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,532.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.85000
----------------------------------------------------------------
0 0007709132 MORTGAGORS: DOELP GRANT
DOELP AMY
REGION CODE ADDRESS : 74 ROCKROSE
02 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 303,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,709.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.93900
----------------------------------------------------------------
0 0007709140 MORTGAGORS: GRAVES JEANNETTE
REGION CODE ADDRESS : 2960 DORN COURT
02 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,038.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,772.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.40000
----------------------------------------------------------------
0 0007709173 MORTGAGORS: CRICKMORE JERALD
CRICKMORE JANNA
REGION CODE ADDRESS : 344 LIVERPOOL DRIVE
02 CITY : ENCINITAS
STATE/ZIP : CA 92007
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 : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.09091
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,593,150.00
P & I AMT: 11,182.50
UPB AMT: 1,590,183.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709181 MORTGAGORS: CLARIN ROBERT
CLARIN DONNA
REGION CODE ADDRESS : 31101 CARR STREET
02 CITY : PRINCETON
STATE/ZIP : MN 55371
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,436.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709199 MORTGAGORS: HECOMOVICH MICHAEL
HECOMOVICH SANDRA
REGION CODE ADDRESS : 4711 EAST MARSTON DRIVE
02 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,966.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007709207 MORTGAGORS: HAMMOND MONICA
HAMMOND GREGORY
REGION CODE ADDRESS : 8300 EAST DIXILETA DRIVE #285
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,334.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,795.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.04762
----------------------------------------------------------------
0 0007709215 MORTGAGORS: ROESSLER KARL
ROESSLER MARGO
REGION CODE ADDRESS : 7901 EAST CACTUS ROAD
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,664.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007709223 MORTGAGORS: BEALE MICHAEL
BEALE ROSEMARY
REGION CODE ADDRESS : 7964 EAST GAIL ROAD
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,579.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.29300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,869,000.00
P & I AMT: 12,828.88
UPB AMT: 1,864,980.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709231 MORTGAGORS: BROWN JOE
BROWN ESSIE
REGION CODE ADDRESS : 14999 GARCAL DRIVE
02 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,896.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.47000
----------------------------------------------------------------
0 0007709249 MORTGAGORS: SLATER DEANA
ORTENBLAD RICHARD
REGION CODE ADDRESS : 358 LEE STREET
02 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,962.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709256 MORTGAGORS: ZIOLKOWSKI KENNETH
ZIOLKOWSKI KATHERINE
REGION CODE ADDRESS : 318 SCHROEDER STREET
02 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,082.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709264 MORTGAGORS: PERLIN LARRY
PERLIN KATHLEAN
REGION CODE ADDRESS : 3860 FLORAL COURT
02 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,015.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,748.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709272 MORTGAGORS: REINFELD LISA
MUELLER KYLE
REGION CODE ADDRESS : 733 RAND AVENUE
02 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,402.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,800.00
P & I AMT: 10,000.36
UPB AMT: 1,473,360.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709280 MORTGAGORS: MCLERREN SANDRA
REGION CODE ADDRESS : 427 ROSEDALE COURT
02 CITY : CAPITOLA
STATE/ZIP : CA 95010
MORTGAGE AMOUNT : 441,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,683.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,976.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007709298 MORTGAGORS: HUGHES JEFFREY
HUGHES JOAN
REGION CODE ADDRESS : 1649 CALCITE COURT
02 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,277.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.82203
----------------------------------------------------------------
0 0007709306 MORTGAGORS: HANDA KUNAL
REGION CODE ADDRESS : 8569 PEACHTREE AVENUE
02 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,329.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709314 MORTGAGORS: WAGNER MARTINA
HULLY JAMES
REGION CODE ADDRESS : 19 WINDING WAY
02 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 327,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,448.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709322 MORTGAGORS: CALVEY JAMES
CALVEY MARILYN
REGION CODE ADDRESS : 268 STANLEY AVENUE
02 CITY : PACIFICA
STATE/ZIP : CA 94044
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,463.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,759,950.00
P & I AMT: 12,198.62
UPB AMT: 1,756,203.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709330 MORTGAGORS: GOLUB BENJAMIN
GOLUB ADEAN
REGION CODE ADDRESS : 6214 PASO LOS CERRITOS
02 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 394,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,072.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,687.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709348 MORTGAGORS: LOWKIS ROMAN
LOWKIS KATHRYN
REGION CODE ADDRESS : 16712 CEDAR POST COURT
02 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 314,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,207.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99491
----------------------------------------------------------------
0 0007709355 MORTGAGORS: D'ABREU MANUEL
D'ABREU MARISE
REGION CODE ADDRESS : 2166 HUNTINGTON CIRCLE
02 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,952.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,149.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.39700
----------------------------------------------------------------
0 0007709371 MORTGAGORS: WRIGHT DANIEL
WRIGHT SUZANNE
REGION CODE ADDRESS : 2095 PHEASANT HILL LANE
02 CITY : AUBURN
STATE/ZIP : CA 95602
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,347.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709389 MORTGAGORS: HIGGINS RICHARD
HIGGINS ELIZABETH
REGION CODE ADDRESS : 12704 LAKESHORE NORTH
02 CITY : AUBURN
STATE/ZIP : CA 95602
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,078.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,705,200.00
P & I AMT: 11,652.08
UPB AMT: 1,701,658.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709405 MORTGAGORS: NICHOLS LARRY
NICHOLS BARBARA
REGION CODE ADDRESS : 342 COWDEN ROAD
02 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,897.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.13200
----------------------------------------------------------------
0 0007709413 MORTGAGORS: LAWSON GREGORY
LAWSON BERYL
REGION CODE ADDRESS : 4828 ROSELIN WAY
02 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 283,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,581.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709421 MORTGAGORS: MEHUS PAUL
MEHUS JACQUELINE
REGION CODE ADDRESS : 6961 FAIRPLAY ROAD
02 CITY : SOMERSET
STATE/ZIP : CA 95684
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,756.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709439 MORTGAGORS: HART STEPHEN
HART JENNY
REGION CODE ADDRESS : 1832 17TH AVENUE
02 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,300.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709454 MORTGAGORS: DWYER MICHAEL
DWYER RENITA
REGION CODE ADDRESS : 6762 LOYOLA DRIVE
02 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 295,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,105.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,673,500.00
P & I AMT: 11,686.96
UPB AMT: 1,669,641.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709462 MORTGAGORS: GUEST DARYL
GUEST JULIE
REGION CODE ADDRESS : 916 DEL AVION LANE
02 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,669.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0007709470 MORTGAGORS: CHAREST DARREN
EQUILOS BRENDA
REGION CODE ADDRESS : 33242 QUESTA WAY
02 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,377.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709488 MORTGAGORS: UYEDA LESLIE
UYEDA ALAN
REGION CODE ADDRESS : 32772 ROSEMONT DRIVE
02 CITY : TRABUCO CANYON AREA
STATE/ZIP : GA 92679
MORTGAGE AMOUNT : 247,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,421.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.73400
----------------------------------------------------------------
0 0007709496 MORTGAGORS: DRULIAS GUS
DRULIAS SUSAN
REGION CODE ADDRESS : 9961 CURRANT AVENUE
02 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 314,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,519.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709504 MORTGAGORS: PETERSON CRAIG
PETERSON LAURA
REGION CODE ADDRESS : 1116 CALIFORNIA STREET
02 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,406.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,343,800.00
P & I AMT: 9,314.82
UPB AMT: 1,340,394.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709512 MORTGAGORS: MUSICK MATTHEW
MUSICK LORI
REGION CODE ADDRESS : 21642 HONEYSUCKLE STREET
02 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 275,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,027.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.70484
----------------------------------------------------------------
0 0007709520 MORTGAGORS: HINCHMAN MADISON
HINCHMAN BETTY
REGION CODE ADDRESS : 33901 GRANADA DRIVE
02 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,125.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.33300
----------------------------------------------------------------
0 0007709538 MORTGAGORS: FANG PAUL
FANG AMY
REGION CODE ADDRESS : 23 TROUVILLE
02 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,069.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 69.62963
----------------------------------------------------------------
0 0007709546 MORTGAGORS: PERKINS RONALD
PERKINS SHERRI
REGION CODE ADDRESS : 16716 2ND STREET EAST
02 CITY : SUMNER
STATE/ZIP : WA 98390
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,264.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.85900
----------------------------------------------------------------
0 0007709561 MORTGAGORS: LEOVIC THOMAS
LEOVIC LAURA
REGION CODE ADDRESS : 5896 SOUTH LUPINE DRIVE
02 CITY : LITTLETON
STATE/ZIP : CO 80123
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,933.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,400,150.00
P & I AMT: 9,599.97
UPB AMT: 1,396,420.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709579 MORTGAGORS: SCHWARBERG CRAIG
SCHWARBERG JOANN
REGION CODE ADDRESS : 5407 MISSION DRIVE
02 CITY : MISSION HILLS
STATE/ZIP : KS 66208
MORTGAGE AMOUNT : 622,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 621,925.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,249.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 49.83200
----------------------------------------------------------------
0 0007709587 MORTGAGORS: WEBB HERBERT
REGION CODE ADDRESS : 4 INNISBROOK COURT
02 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 552,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 551,178.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,859.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007709611 MORTGAGORS: CORNELLA ANDREW
CORNELLA JUDITH
REGION CODE ADDRESS : 5797 NORTH MESA DRIVE
02 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,598.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 44.96400
----------------------------------------------------------------
0 0007709629 MORTGAGORS: KINDIG GUY
KINDIG KIMBERLY
REGION CODE ADDRESS : 42 DAWN HEATH CIRCLE
02 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 287,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,075.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0007709637 MORTGAGORS: HEATON JEFFREY
HEATON JOANNE
REGION CODE ADDRESS : 6027 COLCHESTER ROAD
02 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,536.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,008,200.00
P & I AMT: 13,772.37
UPB AMT: 2,005,314.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709645 MORTGAGORS: HAMEL BRAD
HAMEL ADELE
REGION CODE ADDRESS : 13419 QUEENSTOWN LANE
02 CITY : DARNESTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,372.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709652 MORTGAGORS: GORDON ROGER
REGION CODE ADDRESS : 4026 MACALPINE ROAD
02 CITY : ELLICOTT CITY
STATE/ZIP : MD 21042
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 : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.93827
----------------------------------------------------------------
0 0007709660 MORTGAGORS: BARNARD JOSEPH
BARNARD MARY
REGION CODE ADDRESS : 6811 JEREMIAH COURT
02 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,140.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007709678 MORTGAGORS: STOCK DOUGLAS
STOCK KATHRYN
REGION CODE ADDRESS : 14503 SEDONA WAY
02 CITY : GAINESVILLE
STATE/ZIP : VA 22065
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,557.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.04800
----------------------------------------------------------------
0 0007709686 MORTGAGORS: PELLEGRINO GREGORY
PELLEGRINO MOIRA
REGION CODE ADDRESS : 7766 VIRGINIA OAKS DRIVE
02 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,295.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,363,300.00
P & I AMT: 9,336.42
UPB AMT: 1,360,970.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709694 MORTGAGORS: WATERS MICHAEL
WATERS NORENE
REGION CODE ADDRESS : 1335 LE HAVRE COURT
02 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,384.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.46100
----------------------------------------------------------------
0 0007709702 MORTGAGORS: OSMAN DAVID
OSMAN ERICA
REGION CODE ADDRESS : 2645 MEDIA WAY
02 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,450.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709710 MORTGAGORS: BURTON ERIK
BURTON LAURA
REGION CODE ADDRESS : 345 THIRTY-SECOND AVENUE
02 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,401.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007709728 MORTGAGORS: KAPTY RYAN
KAPTY MICHELLE
REGION CODE ADDRESS : 492 DAISYFIELD DRIVE
02 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,200.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709736 MORTGAGORS: FORMICO MELINDA
REGION CODE ADDRESS : 5094 TRENARY WAY
02 CITY : SAN JOSE
STATE/ZIP : CA 95118
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,430.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,800.00
P & I AMT: 9,279.89
UPB AMT: 1,346,866.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709744 MORTGAGORS: WAKAYAMA GEORGE
WAKAYAMA KIMIE
REGION CODE ADDRESS : 505 DARTMOUTH AVENUE
02 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,634.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0007709751 MORTGAGORS: GONZALEZ JOSE
REGION CODE ADDRESS : 100 SOUTH KINGSTON STREET
02 CITY : SAN MATEO
STATE/ZIP : CA 94401
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,593.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0007709777 MORTGAGORS: MASON MARCIA
MASON ALBERT
REGION CODE ADDRESS : 1925 EAST OAKTON STREET
02 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60004
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,618.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.72400
----------------------------------------------------------------
0 0007709785 MORTGAGORS: DONAHUE BEVERLY
REGION CODE ADDRESS : 9713 HEIRLOOM COURT
02 CITY : LAS VEGAS
STATE/ZIP : NV 89134
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,611.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709793 MORTGAGORS: GUERRERO LAWRENCE
GUERRERO LISA
REGION CODE ADDRESS : 3059 LAS MESITAS COURT
02 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,335.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,789.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.38300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,522,250.00
P & I AMT: 10,289.30
UPB AMT: 1,519,793.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709819 MORTGAGORS: COGLIANESE CHRISTOPHER
COGLIANESE RAQUEL
REGION CODE ADDRESS : 551 OSBORNE STREET
02 CITY : VISTA
STATE/ZIP : CA 92084
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,724.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.00900
----------------------------------------------------------------
0 0007709827 MORTGAGORS: PERILLO KEVIN
TEASTER AMY
REGION CODE ADDRESS : 574 CALERO AVENUE
02 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,636.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709835 MORTGAGORS: VANDER HEYDEN RORY
VANDER HEYDEN JUDY
REGION CODE ADDRESS : 2256 FLAGSTONE WAY
02 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,572.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709843 MORTGAGORS: AL-GHOSIEN MOMIM
AL-GHOSIEN DOROTHY
REGION CODE ADDRESS : 26919 SOUTH EAST 22ND WAY
02 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,375.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.17400
----------------------------------------------------------------
0 0007709850 MORTGAGORS: CANTU DAVID
CANTU CHERIE
REGION CODE ADDRESS : 8225 NORTHEAST 124TH PLACE
02 CITY : KIRKLAND
STATE/ZIP : WA 98034
MORTGAGE AMOUNT : 287,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,521.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99843
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,950.00
P & I AMT: 10,257.02
UPB AMT: 1,509,830.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709868 MORTGAGORS: BOUCHARD RENA
BOUCHARD MARC
REGION CODE ADDRESS : 6210 146TH PLACE SE
02 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 265,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,852.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.73200
----------------------------------------------------------------
0 0007709876 MORTGAGORS: SENGUPTA SAMUDRA
REGION CODE ADDRESS : 13120 N.E. 117TH AVENUE
02 CITY : KIRKLAND
STATE/ZIP : WA 98034
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,593.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.47200
----------------------------------------------------------------
0 0007709892 MORTGAGORS: SLOAN BENJAMIN
SLOAN ALEXANDRA
REGION CODE ADDRESS : 514 NORTH HELBERTA AVENUE
02 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,608.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.42200
----------------------------------------------------------------
0 0007709900 MORTGAGORS: CREWS GERALD
CREWS KATHERINE
REGION CODE ADDRESS : 2625 ANNANDALE
02 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,413.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709918 MORTGAGORS: JOHNSON ROGER
JOHNSON PATRICIA
REGION CODE ADDRESS : 51 SHEARWATER PLACE
02 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,554.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.15700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,300.00
P & I AMT: 9,578.00
UPB AMT: 1,415,022.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709926 MORTGAGORS: MCDONALD CLYDE
MCDONALD DARCY
REGION CODE ADDRESS : 911 NORTH RICHMAN AVENUE
02 CITY : FULLERTON
STATE/ZIP : CA 92832
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 : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709934 MORTGAGORS: TYSCH BENJAMIN
ANDRES RACHEL
REGION CODE ADDRESS : 407 NORTH MCCADDEN PLACE
02 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,874.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,270.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0007709942 MORTGAGORS: ASSAD AHAMED
MELENEY-ASSAD ROBIN
REGION CODE ADDRESS : 5034 VISTA MONTANA
02 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 293,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,338.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,000.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.73913
----------------------------------------------------------------
0 0007709959 MORTGAGORS: THELEN JAMES
THELEN DEANA
REGION CODE ADDRESS : 5033 ASTER LANE
02 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,609.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007709967 MORTGAGORS: BRUNDA L.
REGION CODE ADDRESS : 1620 DOROTHY LANE
02 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,587.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.90700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,749,200.00
P & I AMT: 11,908.06
UPB AMT: 1,746,013.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007709975 MORTGAGORS: MCGAUGHY CLEVE
MCGAUGHY MARSHA
REGION CODE ADDRESS : 11841 COLORIVER ROAD
02 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,624.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.92207
----------------------------------------------------------------
0 0007709983 MORTGAGORS: MUILENBURG TERRY
DEGRAW CHRISTOPHER
REGION CODE ADDRESS : 3625 N. UPLAND STREET
02 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,326.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.26881
----------------------------------------------------------------
0 0007709991 MORTGAGORS: COOLEY JAMES
COOLEY DIANNE
REGION CODE ADDRESS : 1513 EAST SUNSET RIDGE ROAD
02 CITY : HIGHLANDS RANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 265,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,994.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
0 0007710023 MORTGAGORS: MAYES ROBERT
REGION CODE ADDRESS : 3407 LAKE POINT COVE
02 CITY : MEMPHIS
STATE/ZIP : TN 38125
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,386.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710031 MORTGAGORS: DENTON GREGORY
DENTON STARLA
REGION CODE ADDRESS : 2400 SUGAR RIDGE
02 CITY : JONESBORO
STATE/ZIP : AR 72401
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,585.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,400.00
P & I AMT: 10,208.59
UPB AMT: 1,496,918.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710049 MORTGAGORS: WILLIAMS DARREN
WILLIAMS RHONDA
REGION CODE ADDRESS : 48 S. MCCALL CR.
02 CITY : COLLIERVILLE
STATE/ZIP : TN 38017
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,385.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007710056 MORTGAGORS: LA FLASH HAROLD
LA FLASH GRETA
REGION CODE ADDRESS : 3243 ARBOR DRIVE
02 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,383.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007710064 MORTGAGORS: BETANCOURT MARK
BETANCOURT KAREN
REGION CODE ADDRESS : 24 SAW MILL LANE
02 CITY : AVON
STATE/ZIP : CT 06001
MORTGAGE AMOUNT : 245,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,866.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007710080 MORTGAGORS: SRIVASTAVA AMIT
SRIVASTAVA ALKA
REGION CODE ADDRESS : 9 LAKE RIDGE CT.
02 CITY : BURR RIDGE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 442,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,325.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710098 MORTGAGORS: FRILOUX MARK
FRILOUX SUSAN
REGION CODE ADDRESS : 745 GREENBRIAR DRIVE
02 CITY : COLUMBUS
STATE/ZIP : MS 39701
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,566.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.07200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,695,000.00
P & I AMT: 11,571.20
UPB AMT: 1,691,526.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710106 MORTGAGORS: HOLIAN WILLIAM
HOLIAN JULIA
REGION CODE ADDRESS : 4385 SNOWCLOUD COURT
02 CITY : CONCORD
STATE/ZIP : CA 94518
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,796.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710114 MORTGAGORS: ENGLE MARSHA
REINECKE MARK
REGION CODE ADDRESS : 170 FULLER LANE
02 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 422,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,006.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,878.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.43100
----------------------------------------------------------------
0 0007710122 MORTGAGORS: GROSSI JOHN
GROSSI MARY
REGION CODE ADDRESS : 2556 - 31ST AVENUE WEST
02 CITY : SEATTLE
STATE/ZIP : WA 98199
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,190.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
0 0007710130 MORTGAGORS: KINNEY BRAD
KINNEY LILLIAN
REGION CODE ADDRESS : 86 BREVENSVILLE DRIVE
02 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 373,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,229.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.82600
----------------------------------------------------------------
0 0007710148 MORTGAGORS: YAMAMOTO STEVEN
REGION CODE ADDRESS : 9630 WARHAWK ROAD
02 CITY : CONIFER
STATE/ZIP : CO 80433
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,042.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,616,000.00
P & I AMT: 11,147.96
UPB AMT: 1,610,265.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710163 MORTGAGORS: GEROLD JOHN
GEROLD ANDREA
REGION CODE ADDRESS : 3506 TAVENNER COURT
02 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,320.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710171 MORTGAGORS: PARKINSON JANET
PARKINSON THOMAS
REGION CODE ADDRESS : 31 GRAVES ROAD
02 CITY : WHITE SALMON
STATE/ZIP : WA 98672
MORTGAGE AMOUNT : 347,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,262.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.75000
----------------------------------------------------------------
0 0007710197 MORTGAGORS: BARNHART DAVID
BARNHART LINDA
REGION CODE ADDRESS : 34801 MATTHEWS ROAD
02 CITY : EUGENE
STATE/ZIP : OR 97405
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,332.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.79000
----------------------------------------------------------------
0 0007710213 MORTGAGORS: LANIER WILLIAM
STANSBURY JODIE
REGION CODE ADDRESS : 1338 NW SLOCUM WAY
02 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,563.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710221 MORTGAGORS: BRYE PAMELA
REGION CODE ADDRESS : 111 CROFTON HILL LANE
02 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 245,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,427.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,430,300.00
P & I AMT: 9,684.42
UPB AMT: 1,426,906.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710239 MORTGAGORS: MEDINA DAVID
MEDINA PIDILIA
REGION CODE ADDRESS : 5565 DUNSBURRY COURT
02 CITY : SAN JOSE
STATE/ZIP : CA 95123
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 : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710247 MORTGAGORS: HOUSE CLARENCE
HOUSE JUDITH
REGION CODE ADDRESS : 9832 FOSBAK DRIVE
02 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,587.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710254 MORTGAGORS: HUIE GARY
HUIE JOANNE
REGION CODE ADDRESS : 14 ELLEN COURT
02 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 367,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,610.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,473.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710270 MORTGAGORS: SPECTOR DENIS
VAN GELDER LINDA
REGION CODE ADDRESS : 11 STATFORD GARDEN COURT
02 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,602.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.87300
----------------------------------------------------------------
0 0007710288 MORTGAGORS: DOLLIN BRUCE
DOLLIN TAMRA
REGION CODE ADDRESS : 3795 SOUTH HIBISCUS WAY
02 CITY : DENVER
STATE/ZIP : CO 80237
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,415.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.46100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,200.00
P & I AMT: 9,519.84
UPB AMT: 1,379,696.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710296 MORTGAGORS: BLAZ STEPHEN
BLAZ SHARI-ANN
REGION CODE ADDRESS : 4155 BEACON PLACE
02 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,964.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.56200
----------------------------------------------------------------
0 0007710304 MORTGAGORS: JOHNSON RONALD
JOHNSON KIM
REGION CODE ADDRESS : 913 WEST JOMAX ROAD
02 CITY : PHOENIX
STATE/ZIP : AZ 85027
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,012.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.66600
----------------------------------------------------------------
0 0007710312 MORTGAGORS: NORRIS WESLEY
NORRIS JOYCE
REGION CODE ADDRESS : 7461 MILLER AVENUE
02 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 350,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,001.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007710320 MORTGAGORS: LEVINE ROGER
LEVINE SUSAN
REGION CODE ADDRESS : 2 COOKS FARM LANE
02 CITY : LYNNFIELD
STATE/ZIP : MA 01940
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,530.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
0 0007710338 MORTGAGORS: NAGEL LORI
REGION CODE ADDRESS : 2456 NW JOHNSON STREET
02 CITY : PORTLAND
STATE/ZIP : OR 97210
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,598.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,227.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.63800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,814,950.00
P & I AMT: 12,534.53
UPB AMT: 1,811,107.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710353 MORTGAGORS: HAGEDORN THOMAS
REGION CODE ADDRESS : 3401 HOLLY STREET
02 CITY : ALEXANDRIA
STATE/ZIP : VA 22305
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,447.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710361 MORTGAGORS: VANOSDALL FREDERICK
VANOSDALL DEBRA
REGION CODE ADDRESS : 8540 EAST MCDOWELL ROAD #80
02 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,374.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.10200
----------------------------------------------------------------
0 0007710379 MORTGAGORS: PENA FEDERICO
PENA ELLEN
REGION CODE ADDRESS : 700 FRANKLIN STREET
02 CITY : DENVER
STATE/ZIP : CO 80218
MORTGAGE AMOUNT : 546,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,501.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,635.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710387 MORTGAGORS: HOWELLS BLAKE
HOWELLS ELIZABETH
REGION CODE ADDRESS : 5309 DENTON DRIVE
02 CITY : LAKE OSWEGO
STATE/ZIP : OR 97035
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,474.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710395 MORTGAGORS: MCCONNELL ROBERT
BENOIT DONNA
REGION CODE ADDRESS : 25 WEYMOUTH STREET
02 CITY : PROVIDENCE
STATE/ZIP : RI 02806
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,548.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,856,400.00
P & I AMT: 12,792.10
UPB AMT: 1,853,345.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710403 MORTGAGORS: ALTO MICHAEL
ALTO ALLYSON
REGION CODE ADDRESS : 18109 LINCOLN ROAD
02 CITY : LINCOLN
STATE/ZIP : VA 20160
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,526.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,987.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.72973
----------------------------------------------------------------
0 0007710411 MORTGAGORS: MARTINI MICHAEL
MARTINI LAURA
REGION CODE ADDRESS : 3674 GLENEAGLES DRIVE
02 CITY : STOCKTON
STATE/ZIP : CA 95219
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,467.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710429 MORTGAGORS: WALDMAN DONALD
BOYCE-WALDMAN REBECCA
REGION CODE ADDRESS : 875 AURORA AVENUE
02 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,555.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,009.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007710437 MORTGAGORS: MCRAE ESSIE
REGION CODE ADDRESS : 5906 HOME WOOD COURT
02 CITY : LANHAM
STATE/ZIP : MD 20706
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,629.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 86.18181
----------------------------------------------------------------
0 0007710445 MORTGAGORS: CIELIESKA RONALD
CIELIESKA CHRISTINE
REGION CODE ADDRESS : 2342 NW BIRKENDENE STREET
02 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 305,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,780.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,500.00
P & I AMT: 9,934.90
UPB AMT: 1,457,959.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710452 MORTGAGORS: REECE DEAN
REECE GINA
REGION CODE ADDRESS : 25977 NE BUTTEVILLE ROAD
02 CITY : AURORA
STATE/ZIP : OR 97002
MORTGAGE AMOUNT : 404,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,066.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,760.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.92800
----------------------------------------------------------------
0 0007710460 MORTGAGORS: STERLING ROGER
STERLING VICKI
REGION CODE ADDRESS : 23643 NORTH 83RD PLACE
02 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,499.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.12200
----------------------------------------------------------------
0 0007710478 MORTGAGORS: BARHAM WILLIAM
BARHAM EDNA
REGION CODE ADDRESS : 610 15TH STREET NE
02 CITY : SALEM
STATE/ZIP : OR 97301
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,228.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710494 MORTGAGORS: SKAWSKI JOHN
SKAWSKI SANDRA
REGION CODE ADDRESS : 565 FAIRVIEW AVENUE
02 CITY : ELMHURST
STATE/ZIP : IL 60126
MORTGAGE AMOUNT : 278,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,174.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.60000
----------------------------------------------------------------
0 0007710502 MORTGAGORS: BEAUBIEN RANDALL
REGION CODE ADDRESS : 240 CRYSTAL PARK ROAD
02 CITY : MANITOU SPRINGS
STATE/ZIP : CO 80829
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,058.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.61363
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,800.00
P & I AMT: 10,963.78
UPB AMT: 1,604,027.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710528 MORTGAGORS: XU QIANG
LIU SHERRY
REGION CODE ADDRESS : 13571 MYREN DRIVE
02 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 439,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,512.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,996.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710536 MORTGAGORS: JOHNSON ANTHONY
JOHNSON TAMMY
REGION CODE ADDRESS : 1318 BRUNSWICK DRIVE
02 CITY : SYKESVILLE
STATE/ZIP : MD 21784
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,041.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/18
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.23529
----------------------------------------------------------------
0 0007710544 MORTGAGORS: THURMAN CAROLE
REGION CODE ADDRESS : 15926 SW DOZIER WAY
02 CITY : TIGARD
STATE/ZIP : OR 97224
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,079.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007710551 MORTGAGORS: DOLAN BRIAN
REGION CODE ADDRESS : 4 HOPESTILL BROWN ROAD
02 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,348.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,837.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710569 MORTGAGORS: FALK ARTHUR
FALK KATHLEEN
REGION CODE ADDRESS : 17220 NE 226TH STREET
02 CITY : BATTLE GROUND
STATE/ZIP : WA 98604
MORTGAGE AMOUNT : 249,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,790.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.36700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,150.00
P & I AMT: 11,319.02
UPB AMT: 1,618,772.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710577 MORTGAGORS: SCHWERDTFEGER DAVID
SCHWERDTFEGER JENNIFER
REGION CODE ADDRESS : 1623 ETON WAY
02 CITY : CROFTON
STATE/ZIP : MD 21114
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,648.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710585 MORTGAGORS: FOX THOMAS
FOX ROSEMARY
REGION CODE ADDRESS : 4322 DEVONSHIRE
02 CITY : TROY
STATE/ZIP : MI 48098
MORTGAGE AMOUNT : 316,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,072.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.54100
----------------------------------------------------------------
0 0007710593 MORTGAGORS: FIELDS ROY
FIELDS JOAN
REGION CODE ADDRESS : 27 SISKIN LANE
02 CITY : SUNRIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,747.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.12000
----------------------------------------------------------------
0 0007710601 MORTGAGORS: JONES W.H.
REGION CODE ADDRESS : 3 KEY COURT
02 CITY : NEWPORT
STATE/ZIP : RI 02840
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 : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.73053
----------------------------------------------------------------
0 0007710619 MORTGAGORS: KUPFER GARY
KUPFER MICHELE
REGION CODE ADDRESS : 1277 MOUNTAIN ROAD
02 CITY : CHARLOTTESVILLE
STATE/ZIP : VA 22901
MORTGAGE AMOUNT : 277,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,431.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,413,700.00
P & I AMT: 9,662.06
UPB AMT: 1,411,499.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710627 MORTGAGORS: DIEHL WILLIAM
DIEHL ANITA
REGION CODE ADDRESS : 20277 COCKRILL PLACE
02 CITY : PURCELLVILLE
STATE/ZIP : VA 20132
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,496.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710635 MORTGAGORS: BECHT RICHARD
BECHT LINDA
REGION CODE ADDRESS : 16 TWIXT HILL ROAD
02 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 236,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,830.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.46300
----------------------------------------------------------------
0 0007710650 MORTGAGORS: LIVINGSTON EDWIN
LIVINGSTON CANDACE
REGION CODE ADDRESS : 4010 WELLINGTON PLACE
02 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,448.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,244.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.32653
----------------------------------------------------------------
0 0007710668 MORTGAGORS: EVANS MICHAEL
REGION CODE ADDRESS : 236 ELM STREET
02 CITY : DENVER
STATE/ZIP : CO 80220
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,443.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.27400
----------------------------------------------------------------
0 0007710676 MORTGAGORS: TAMBAKERAS MARKOS
TAMBAKERAS PAMELA
REGION CODE ADDRESS : 6815 EAST CABALLO DRIVE
02 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,982.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.09000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,749,200.00
P & I AMT: 11,982.72
UPB AMT: 1,746,200.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710692 MORTGAGORS: BAUMAN MERRILL
BAUMAN PATRICIA
REGION CODE ADDRESS : 2065 LILLI LANE
02 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,558.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0007710700 MORTGAGORS: PANCOAST MARK
PANCOAST LESLIE
REGION CODE ADDRESS : 5844 LYNDA COURT
02 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,681.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710718 MORTGAGORS: MCKEE RALPH
MCKEE JULIE
REGION CODE ADDRESS : 3872 MEADOW VIEW DRIVE
02 CITY : EUGENE
STATE/ZIP : OR 97408
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,528.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710726 MORTGAGORS: BICKLEY ROBERT
BICKLEY EILEEN
REGION CODE ADDRESS : 8315 NORTH CHARLES DRIVE
02 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 459,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,263.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,092.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.50000
----------------------------------------------------------------
0 0007710734 MORTGAGORS: YOUKER JAMES
YOUKER CHRISTINE
REGION CODE ADDRESS : 19 BRIDLE GATE LANE
02 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,580.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.26800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,648,200.00
P & I AMT: 11,230.74
UPB AMT: 1,645,612.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007710742 MORTGAGORS: GLIMME JAMES
GLIMME NANCY
REGION CODE ADDRESS : 118 VALLE VERDE COURT
02 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 291,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,866.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.68000
----------------------------------------------------------------
0 0007710759 MORTGAGORS: MATTOCKS MYRON
MATTOCKS DEBORAH
REGION CODE ADDRESS : 169 BROOKSIDE PLACE
02 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,404.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007710767 MORTGAGORS: STONE WILLIAM
STONE DANA
REGION CODE ADDRESS : 416 WAWONA LANE
02 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,739.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,278.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.58823
----------------------------------------------------------------
0 0007710775 MORTGAGORS: SHACKLETT PAUL
KIRKPATRICK JOE
REGION CODE ADDRESS : 2824 POLO CLUB ROAD
02 CITY : NASHVILLE
STATE/ZIP : TN 37221
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,293.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.84800
----------------------------------------------------------------
0 0007710890 MORTGAGORS: MADDEN JAMES
REGION CODE ADDRESS : 5258 GREENWILLOW LANE
02 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 600,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,050.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,045.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,925,800.00
P & I AMT: 13,204.37
UPB AMT: 1,922,354.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007712698 MORTGAGORS: FENN RONALD
FENN JOANNE
REGION CODE ADDRESS : 290 CHICORY LANE
02 CITY : EL CAJON
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 266,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,171.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007713092 MORTGAGORS: BISSELL RONALD
BISSELL SUZETTE
REGION CODE ADDRESS : 136 CAMINO BARRANCA ST.
02 CITY : EL PASO
STATE/ZIP : TX 79120
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,034.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/22
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 55.11100
----------------------------------------------------------------
0 0007713662 MORTGAGORS: STRANGMAN RALPH
STRANGMAN ELIZABETH
REGION CODE ADDRESS : 30 HAMILTON ROAD
02 CITY : WEST PEABODY
STATE/ZIP : MA 01960
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,283.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007716087 MORTGAGORS: CLARE ROGER
CLARE CYNTHIA
REGION CODE ADDRESS : 7729 ISLAND CREEK COURT
02 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,247.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007717085 MORTGAGORS: LAM MICHAEL
LAM WANDA
REGION CODE ADDRESS : 1536 SOUTH WALNUT STREET
02 CITY : SAN GABRIEL
STATE/ZIP : CA 91776
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,499.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,416,400.00
P & I AMT: 10,224.14
UPB AMT: 1,412,235.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007719396 MORTGAGORS: LONG DONALD
LONG ANN
REGION CODE ADDRESS : 38923 NORTH BAY
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 592,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 588,732.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,296.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007719404 MORTGAGORS: CURRIER EARLE
CURRIER DONNA
REGION CODE ADDRESS : 310 WEST SANTA INEZ AVENUE
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 290,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,733.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 13.50697
----------------------------------------------------------------
0 0007719438 MORTGAGORS: SCHNAID CHARLES
SCHNAID ANN
REGION CODE ADDRESS : 13419 GALEWOOD STREET
01 CITY : (SHERMAN OAKS AREA) LOS A
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,464.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0007719446 MORTGAGORS: SAMUELS THOMAS
SAMUELS ANITA
REGION CODE ADDRESS : 195 FISHERMANS BEACH ROAD
01 CITY : CUTCHOGUE
STATE/ZIP : NY 11935
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,242.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 44.00000
----------------------------------------------------------------
0 0007719453 MORTGAGORS: GUILLOZ CHARLES
GUILLOZ DEBORAH
REGION CODE ADDRESS : 9 EDGEMERE DRIVE
01 CITY : SOUTHAMPTON
STATE/ZIP : NY 11968
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,851.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 45.45400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,212,900.00
P & I AMT: 15,487.75
UPB AMT: 2,205,023.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007719461 MORTGAGORS: RUSTOMJI SAM
RUSTOMJI MEHER
REGION CODE ADDRESS : 12248 RIDGE DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,528.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,300.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.66900
----------------------------------------------------------------
0 0007719487 MORTGAGORS: PON GARY
PON LILLIAN
REGION CODE ADDRESS : 12 CORLISS DRIVE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,076.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.04200
----------------------------------------------------------------
0 0007719495 MORTGAGORS: NINO MICHAEL
NINO TRACY
REGION CODE ADDRESS : 111 BEST ROAD
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 452,849.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,982.46 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 33.93100
----------------------------------------------------------------
0 0007719503 MORTGAGORS: WILLIS OTHA
WILLIS BETTY
REGION CODE ADDRESS : 5386 WEST AMBERWOOD DRIVE
01 CITY : INGLEWOOD
STATE/ZIP : CA 90302
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,660.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007719511 MORTGAGORS: ROARK RICHARD
REGION CODE ADDRESS : 2374 S. DOVER COURT
01 CITY : LAKEWOOD
STATE/ZIP : CO 80227
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,369.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,619,000.00
P & I AMT: 11,137.49
UPB AMT: 1,615,483.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007719529 MORTGAGORS: LEVITT IRENE
REGION CODE ADDRESS : 10246 N. 103RD PLACE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,834.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.15300
----------------------------------------------------------------
0 0007719537 MORTGAGORS: BARNES DONNA
REGION CODE ADDRESS : 158 LAMOUR DRIVE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,529.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
0 0007719545 MORTGAGORS: BASSIN ADRIANA
REGION CODE ADDRESS : 12303 TIARA STREET
01 CITY : LOS ANGELES NORTH HOLLYWO
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,146.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007719578 MORTGAGORS: COLOMBANA DAVID
COLOMBANA KIMBERLY
REGION CODE ADDRESS : 610 GALEN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,732.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007719594 MORTGAGORS: KARNO GABRIELLE
REGION CODE ADDRESS : 1053 AMOROSO PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,569.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.25000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,500.00
P & I AMT: 10,452.04
UPB AMT: 1,503,813.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007719602 MORTGAGORS: NYE JIM
NYE SYLVIA
REGION CODE ADDRESS : 1492 COLUMBIA CIRCLE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 271,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,945.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007719644 MORTGAGORS: ZIMMERMAN CARL
ZIMMERMAN MARSHA
REGION CODE ADDRESS : 1051 FINROD COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 282,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,339.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007719651 MORTGAGORS: WERNER JOSEPH
WERNER ELEANOR
REGION CODE ADDRESS : 4720 WINNETKA AVENUE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,610.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.51400
----------------------------------------------------------------
0 0007719669 MORTGAGORS: WADE WAYNE
WADE RUTH
REGION CODE ADDRESS : 2450 IVY ROAD
01 CITY : OCEANSIDE
STATE/ZIP : CA 92054
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,375.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.53300
----------------------------------------------------------------
0 0007719677 MORTGAGORS: WRONA JOHN
WRONA NITA
REGION CODE ADDRESS : RT. 2, BOX 5 WINERY CANYON ROAD
01 CITY : TEMPLETON
STATE/ZIP : CA 93465
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,806.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,011.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,641,150.00
P & I AMT: 11,550.74
UPB AMT: 1,637,078.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007719685 MORTGAGORS: RADOVILSKY JOSEPH
LYPIAVKA YELENA
REGION CODE ADDRESS : 1711 38TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,453.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0007719701 MORTGAGORS: GINNOLD ALEXANDER
GINNOLD IVETTE
REGION CODE ADDRESS : 465 28TH AVENUE
01 CITY : MARINA DEL REY AREA, LOS
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,542.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0007719727 MORTGAGORS: DORFMAN PETER
DORFMAN OLIVIA
REGION CODE ADDRESS : 18 MCCATHARN ROAD
01 CITY : CLINTON TOWNSHIP
STATE/ZIP : NJ 08833
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,445.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007719735 MORTGAGORS: CASTRO LYNNE
CASTRO JOSE
REGION CODE ADDRESS : 41 LEDGE LANE
01 CITY : STAMFORD
STATE/ZIP : CT 06905
MORTGAGE AMOUNT : 242,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,326.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007719743 MORTGAGORS: GORDON SHAWN
GORDON BECKA
REGION CODE ADDRESS : 38561 FAREWELL DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,530.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,800.00
P & I AMT: 9,448.41
UPB AMT: 1,349,298.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007719750 MORTGAGORS: MILLICAN JOHN
MILLICAN KATHY
REGION CODE ADDRESS : 15936 CALUMET COURT
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 246,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,638.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007719768 MORTGAGORS: FORSTER BRIAN
REGION CODE ADDRESS : 5484 INDIAN TRAIL COURT
01 CITY : THOUSAND OAKS WESTLAKE VI
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 447,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,621.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,168.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.31100
----------------------------------------------------------------
0 0007719776 MORTGAGORS: HAZER ERIC
GARCIA-HAZER SHARON
REGION CODE ADDRESS : 1401 HARTWICK AVENUE
01 CITY : TURLOCK
STATE/ZIP : CA 95382
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,428.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.61500
----------------------------------------------------------------
0 0007719784 MORTGAGORS: BEALE JOHN
BONNER MEGAN
REGION CODE ADDRESS : 10045 SUNSET AVENUE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 311,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,101.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0007719792 MORTGAGORS: TAYLOR DOUGLAS
TAYLOR ROBYN
REGION CODE ADDRESS : 22622 SWEET MEADOW
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,519.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.59000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,569,550.00
P & I AMT: 11,028.41
UPB AMT: 1,566,309.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007719800 MORTGAGORS: JONES JULIE
REGION CODE ADDRESS : 7516 WOODROW WILSON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,411.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007719818 MORTGAGORS: KAGEYAMA MARGIE
REGION CODE ADDRESS : 19052 PACIFIC COAST HIGHWAY
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 560,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,543.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,921.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007719826 MORTGAGORS: IVY ROBERT
IVY BEVERLY
REGION CODE ADDRESS : 21925 VIA DEL LAGO
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,133.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.47300
----------------------------------------------------------------
0 0007719834 MORTGAGORS: PORCELL GASPAR
PORCELL CINDY
REGION CODE ADDRESS : 3642 MALAFIA DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,635.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.04400
----------------------------------------------------------------
0 0007719842 MORTGAGORS: SHUKAT CHARLES
SHUKAT AMY
REGION CODE ADDRESS : 16633 WEST SUNSET BOULEVARD
01 CITY : (PACIFIC PALISADES AREA)
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,777.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,839,500.00
P & I AMT: 12,770.06
UPB AMT: 1,835,501.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007719859 MORTGAGORS: DUNCAN CHARLES
DUNCAN NANCY
REGION CODE ADDRESS : 15510 VIA EDUARDO
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,352.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.96100
----------------------------------------------------------------
0 0007719867 MORTGAGORS: VELASCO VALERIA
VELASCO FRANK
REGION CODE ADDRESS : 7544 TRASK AVENUE
01 CITY : PLAYA DEL REY AREA
STATE/ZIP : CA 90293
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,662.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007719875 MORTGAGORS: IRWIN DANIEL
SIEFERT-IRWIN EDITH
REGION CODE ADDRESS : 19514 BOWERS DRIVE
01 CITY : TOPANGA
STATE/ZIP : CA 90292
MORTGAGE AMOUNT : 346,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,335.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,392.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007719891 MORTGAGORS: MAI PAUL
MAI HONG
REGION CODE ADDRESS : 2899 MAYGLEN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,424.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.79200
----------------------------------------------------------------
0 0007719909 MORTGAGORS: ORDUBEGIAN MEROOJOHN
REGION CODE ADDRESS : 1001 SAINT MARTIN LANE
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,457.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,900.00
P & I AMT: 10,559.85
UPB AMT: 1,508,233.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007719917 MORTGAGORS: LANE ROGER
LANE KARA
REGION CODE ADDRESS : 4682 KENNINGTON DRIVE
01 CITY : SANTA MARIA
STATE/ZIP : CA 93455
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,007.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.72200
----------------------------------------------------------------
0 0007719933 MORTGAGORS: HUBBARD ROBERT
REGION CODE ADDRESS : 1806 VALLE VISTA DRIVE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,652.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007719941 MORTGAGORS: LOLLEY RAYMOND
JENKS RENA
REGION CODE ADDRESS : 1513 HAVASU PLACE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 264,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,365.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007719966 MORTGAGORS: PAPE PHILIP
PAPE KIM
REGION CODE ADDRESS : 345 WALNUT STRET
01 CITY : ENGLEWOOD
STATE/ZIP : NJ 07631
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 618,575.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,282.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 34.15978
----------------------------------------------------------------
0 0007719982 MORTGAGORS: WALKER JEFFREY
WALKER TERESA
REGION CODE ADDRESS : 3415 EAST WOODBINE ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 637,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 636,120.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,618.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,272,100.00
P & I AMT: 15,966.40
UPB AMT: 2,266,722.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007719990 MORTGAGORS: PAVLIDES ZACHARY
PAVLIDES SOCORRO
REGION CODE ADDRESS : 311 VISTA TRUCHA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,662.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007720022 MORTGAGORS: BOWSMAN MARIE
REGION CODE ADDRESS : 22731 ECCLES STREET
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,694.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007720030 MORTGAGORS: OLSON NANCY
REGION CODE ADDRESS : 4917 VIRO ROAD
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,310.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720048 MORTGAGORS: FRIEDLE WILLIAM
REGION CODE ADDRESS : 382 LAKE RESORT ROAD
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,206.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0007720055 MORTGAGORS: KUTCHER WILLIAM
KUTCHER DEBRA
REGION CODE ADDRESS : 919 SHERLOCK DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91501
MORTGAGE AMOUNT : 291,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,076.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.97500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,490,200.00
P & I AMT: 10,395.79
UPB AMT: 1,486,951.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720071 MORTGAGORS: CARRUBBA DUANE
REGION CODE ADDRESS : 144 LYNN DRIVE
01 CITY : MONROE
STATE/ZIP : CT 06468
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,133.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720089 MORTGAGORS: VIDOR ALICE
REGION CODE ADDRESS : 16625 MARQUEZ TERRACE
01 CITY : LOS ANGELES PACIFIC PALIS
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,374.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.86900
----------------------------------------------------------------
0 0007720097 MORTGAGORS: LONG ANTHONY
TASHIMA PATRICIA
REGION CODE ADDRESS : 250 RANDALL STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,140.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------
0 0007720105 MORTGAGORS: NGAN JOHN
KO HETTY
REGION CODE ADDRESS : 1400 SANTA TERESA STREET
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,095.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720113 MORTGAGORS: MARINO STEVEN
NOEL-MARINO BARBARA
REGION CODE ADDRESS : 26984 SAFIRO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,619.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.43400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,760,000.00
P & I AMT: 12,006.31
UPB AMT: 1,756,363.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720121 MORTGAGORS: SHUKLA JAYANT
LU WEN
REGION CODE ADDRESS : 124 VISTA CIRCLE DRIVE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,315.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720147 MORTGAGORS: HAAS DAVID
HAAS JULIE
REGION CODE ADDRESS : 31 GLORIETA EAST
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 313,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,879.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720162 MORTGAGORS: TOMBACH IVAR
TOMBACH EVELYN
REGION CODE ADDRESS : 753 GRADA AVENUE
01 CITY : CAMARILLO AREA
STATE/ZIP : CA 93010
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,133.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.47300
----------------------------------------------------------------
0 0007720170 MORTGAGORS: VAZQUEZ AL
VAZQUEZ HILDA
REGION CODE ADDRESS : 10235 LESTERFORD AVENUE
01 CITY : DOWNEY
STATE/ZIP : CA 90241
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,402.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720204 MORTGAGORS: WECKERLY DAREN
WECKERLY LINDA
REGION CODE ADDRESS : 3368 ASHLEY PARK DRIVE
01 CITY : JAMUL
STATE/ZIP : CA 91935
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 639,070.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,529.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,876,800.00
P & I AMT: 13,066.10
UPB AMT: 1,872,802.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720212 MORTGAGORS: HERMAN RICHARD
HERMAN DEBORAH
REGION CODE ADDRESS : 19301 ESPINOSA STREET
01 CITY : (AREA OF TARZANA)LOS ANGE
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,389.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720238 MORTGAGORS: ANDERSON MARGARET
REGION CODE ADDRESS : 11628 MONTANA AVENUE #304
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,631.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.77700
----------------------------------------------------------------
0 0007720246 MORTGAGORS: LARSEN DANA
LARSON LORRAINE
REGION CODE ADDRESS : 2758 NORTH LAS POSAS CIRCLE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,822.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 44.54500
----------------------------------------------------------------
0 0007720279 MORTGAGORS: MCFADDEN RUSSELL
MCFADDEN BARBARA
REGION CODE ADDRESS : 11890 SILVERCREST STREET
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,523.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720287 MORTGAGORS: CORNELIUS RAY
CORNELIUS ROBERTA
REGION CODE ADDRESS : 8412 KROGER COURT
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,654.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.92800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,000.00
P & I AMT: 10,327.07
UPB AMT: 1,465,022.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720295 MORTGAGORS: MA CHIH
MA SU-LAIN
REGION CODE ADDRESS : 2459 MOUNTAIN BROOK DRIVE
01 CITY : HACIENDA HEIGHTS AREA
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,630.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720303 MORTGAGORS: SHARAREH SOUZAN
REGION CODE ADDRESS : 5255 MELVIN AVENUE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,209.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720311 MORTGAGORS: PIERCE WILLIAM
BRANTLEY CYNTHIA
REGION CODE ADDRESS : 326 VALLEY STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 463,198.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,009.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.65000
----------------------------------------------------------------
0 0007720329 MORTGAGORS: DOWELL ROY
PITTMAN LARI
REGION CODE ADDRESS : 3947 MARKRIDGE ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 91214
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 : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.60800
----------------------------------------------------------------
0 0007720337 MORTGAGORS: BARRINGTON ELIZABETH
REGION CODE ADDRESS : 370 SAN ELIJO STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,195.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,000.00
P & I AMT: 11,519.92
UPB AMT: 1,680,838.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720345 MORTGAGORS: IMAMURA HAROLD
IMAMURA ANTONETTE
REGION CODE ADDRESS : 1851 WEST 244TH STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,232.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0007720352 MORTGAGORS: LAUER MARK
REGION CODE ADDRESS : 1898 BROOKTREE WAY
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,326.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720360 MORTGAGORS: KHOURY RIYAD
KHOURY MAHA
REGION CODE ADDRESS : 1779 TERRACE DRIVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,092.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.79700
----------------------------------------------------------------
0 0007720378 MORTGAGORS: MCDERMOTT MARK
MCDERMOTT LAURA
REGION CODE ADDRESS : 14353 TWIN PEAKS ROAD
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 272,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,353.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.88700
----------------------------------------------------------------
0 0007720394 MORTGAGORS: ENDER CHRISTOPHER
ENDER LAURIE
REGION CODE ADDRESS : 27235 TRINIDAD COURT
01 CITY : (VALENCIA AREA)
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,497.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,589,950.00
P & I AMT: 11,206.06
UPB AMT: 1,586,502.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720402 MORTGAGORS: PEREIRA GEORGE
JILLSON DENISE
REGION CODE ADDRESS : 2203 MASSACHUSETTS AVENUE
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02140
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,516.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0007720410 MORTGAGORS: NUCIFORO MICHAEL
NUCIFORO KATRINA
REGION CODE ADDRESS : 2396 STAFFORD RD.
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91631
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,489.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 37.08100
----------------------------------------------------------------
0 0007720428 MORTGAGORS: WILZBACH ROBERT
WILZBACH KAREN
REGION CODE ADDRESS : 17752 COLLINS CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,832.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007720436 MORTGAGORS: MAYS MARVEN
REGION CODE ADDRESS : 1000 ST. HELENA AVENUE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,654.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720444 MORTGAGORS: DEVINE DAVID
DEVINE STEPHANIE
REGION CODE ADDRESS : 397 LARCH CREST
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,632.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.84615
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,200.00
P & I AMT: 10,331.77
UPB AMT: 1,447,125.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720451 MORTGAGORS: THIARA JASBINDER
THIARA PALWINDER
REGION CODE ADDRESS : 12325 JEREMY PLACE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 374,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,140.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720477 MORTGAGORS: LAM AGNES
KAO RICHARD
REGION CODE ADDRESS : 838 IRIS AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,486.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,697.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720485 MORTGAGORS: ELLIOTT JAMES
REGION CODE ADDRESS : 794 PLYMOUTH ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,061.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,093.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.15700
----------------------------------------------------------------
0 0007720493 MORTGAGORS: BOWLES EDWARD
BOWLES KATHLEEN
REGION CODE ADDRESS : 3142 CARNEIGE PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,580.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.20000
----------------------------------------------------------------
0 0007720501 MORTGAGORS: REALMUTO PETER
REALMUTO BETTY
REGION CODE ADDRESS : 2 NORTHWEST TORRES AND 2ND
01 CITY : CARMEL
STATE/ZIP : CA 93921
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,511.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.37700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,948,000.00
P & I AMT: 13,555.40
UPB AMT: 1,944,779.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720519 MORTGAGORS: MCCORMICK TIMOTHY
MCCORMICK ANN
REGION CODE ADDRESS : 2543 MANCHESTER AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,580.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720535 MORTGAGORS: COSTELLO ERNEST
LOWE ELIZABETH
REGION CODE ADDRESS : 25 PANORAMA COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,136.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,055.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720543 MORTGAGORS: KANTARJIAN TONY
REGION CODE ADDRESS : 1211 NORTH KENTER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 535,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 534,362.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,651.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720568 MORTGAGORS: DURAND KRISTIE
DURAND RONALD
REGION CODE ADDRESS : 1031 CEDAR STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,466.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.02900
----------------------------------------------------------------
0 0007720600 MORTGAGORS: WEBB RICHARD
WEBB ROCHELLE
REGION CODE ADDRESS : 2200 OLD RANCH PLACE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 258,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,143.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.28200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,024,700.00
P & I AMT: 14,181.64
UPB AMT: 2,021,689.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720626 MORTGAGORS: REINSTEIN MICHAEL
REGION CODE ADDRESS : 10133 HILLGROVE DRIVE
01 CITY : LOS ANGELES BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,178.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,581.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007720642 MORTGAGORS: MATTHEWS VIRGINIA
KEARNS THOMAS
REGION CODE ADDRESS : 15 LIMEWOOD PLACE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,401.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720659 MORTGAGORS: CROSSLEY JOHN
CROSSLEY KIMBERLEY
REGION CODE ADDRESS : 1136 SANDERS DRIVE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,478.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.70707
----------------------------------------------------------------
0 0007720717 MORTGAGORS: PEDERSON STEVE
PEDERSON MARY
REGION CODE ADDRESS : 5540 EAST NAPOLEON AVENUE
01 CITY : AGOURA AREA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 546,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,324.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,914.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720725 MORTGAGORS: BILBY JOHN
BILBY CHRISTINA
REGION CODE ADDRESS : 38317 CEDAR CREEK COURT
01 CITY : OAKHURST
STATE/ZIP : CA 93614
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,567.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,957,400.00
P & I AMT: 13,645.19
UPB AMT: 1,953,951.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720733 MORTGAGORS: MOTAREF KIANOOSH
REGION CODE ADDRESS : 1411 OAK TRAIL STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,417.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.65500
----------------------------------------------------------------
0 0007720741 MORTGAGORS: SHAB DONALD
SHAB KATHERINE
REGION CODE ADDRESS : 5 HAWK HILL
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,300.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720758 MORTGAGORS: BERRY STEVE
BERRY MICHELE
REGION CODE ADDRESS : 237 SAN REMO DRIVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,745.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007720766 MORTGAGORS: BEAMER YANCEY
REGION CODE ADDRESS : 38081 STONE MEADOW DRIVE
01 CITY : MURRIETA
STATE/ZIP : CA 92562
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,753.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720774 MORTGAGORS: LETTERS LARRY
LETTERS MARYKE
REGION CODE ADDRESS : 1286 ARABIAN TRAIL
01 CITY : SANTA MARIA
STATE/ZIP : CA 93455
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,307.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.38400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,100.00
P & I AMT: 10,407.15
UPB AMT: 1,488,525.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720790 MORTGAGORS: SCHWARTZ LINDA
GERTLER JULIA
REGION CODE ADDRESS : 319 YORK AVENUE
01 CITY : OCEANO
STATE/ZIP : CA 93445
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,231.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.25000
----------------------------------------------------------------
0 0007720808 MORTGAGORS: KIRKPATRICK DAVID
KIRKPATRICK KELLEY
REGION CODE ADDRESS : 8126 FAITH HOME ROAD
01 CITY : CERES
STATE/ZIP : CA 95307
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,326.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.21052
----------------------------------------------------------------
0 0007720816 MORTGAGORS: BENEDICT JAMES
REGION CODE ADDRESS : 888 QUAIL CIRCLE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,402.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720832 MORTGAGORS: TUPURINS SANDRA
REGION CODE ADDRESS : 2200 LOMA VISTA STREET
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,564.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720865 MORTGAGORS: STEPHENS ROGER
STEPHENS ELIZABETH
REGION CODE ADDRESS : 660 BURLEIGH DRIVE
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,056.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,727,600.00
P & I AMT: 12,038.86
UPB AMT: 1,724,582.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720881 MORTGAGORS: SPIEGEL MARTIN
SPIEGEL MARILYN
REGION CODE ADDRESS : 29483 BERTRAND DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,207.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 44.23000
----------------------------------------------------------------
0 0007720899 MORTGAGORS: PESSY DAVID
HALL F
REGION CODE ADDRESS : 267 STARLIGHT CREST DRIVE
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 377,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,078.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,737.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720907 MORTGAGORS: VREEBURG HARRY
VREEBURG DIANE
REGION CODE ADDRESS : 419 BEACH AVENUE
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,229.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,405.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720915 MORTGAGORS: SILVA PRASANNA
REGION CODE ADDRESS : 980 KIRKTON PLACE
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,974.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,362.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720923 MORTGAGORS: NICHOLAS VIRGINIA
REGION CODE ADDRESS : 22826 WATER VIEW DRIVE
01 CITY : CANYON LAKE
STATE/ZIP : CA 92587
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,381.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.87800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,698,600.00
P & I AMT: 11,965.70
UPB AMT: 1,694,872.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007720931 MORTGAGORS: BRESNICK SCOTT
POTASH-BRESNICK LAURIE
REGION CODE ADDRESS : 2035 THAYER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,261.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,468.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007720949 MORTGAGORS: TAKACS JO ANNA
REGION CODE ADDRESS : 4711 FINN COVE COURT
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,475.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.10500
----------------------------------------------------------------
0 0007720956 MORTGAGORS: FLETCHER GWEN
STANLEY SUSAN
REGION CODE ADDRESS : 24692 SANTA CLARA AVENUE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,327.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
0 0007720964 MORTGAGORS: GOODELL TIMOTHY
GOODELL LIZA
REGION CODE ADDRESS : 1615 RUTH LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 468,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,014.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,197.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007720980 MORTGAGORS: BLUM RALPH
BLUM JEANNE
REGION CODE ADDRESS : 555 HAIKU ROAD
01 CITY : HAIKU
STATE/ZIP : HI 96708
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,222.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,918.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 70.31200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,066,750.00
P & I AMT: 14,143.40
UPB AMT: 2,063,302.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007721012 MORTGAGORS: RODDY PHILLIP
REGION CODE ADDRESS : 6311 MYRTLE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 292,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,027.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0007721020 MORTGAGORS: GUINN WILLIAM
GUINN NANCY
REGION CODE ADDRESS : 1795 SOUTHERN HILLS PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,478.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,540.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.77700
----------------------------------------------------------------
0 0007721038 MORTGAGORS: STOAP CORNELIS
REGION CODE ADDRESS : 1918 CAMINITO DE LA VALLE
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,428.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.57100
----------------------------------------------------------------
0 0007721046 MORTGAGORS: LANSBURY WILLIAM
REGION CODE ADDRESS : 2704 STRONGS DRIVE
01 CITY : (VENICE AREA)LOS ANGELES
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,419.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0007721053 MORTGAGORS: SITKOFF STEVE
REGION CODE ADDRESS : 3624 MANDEVILLE CANYON ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,943.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,177.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,779,700.00
P & I AMT: 12,490.86
UPB AMT: 1,776,297.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007721061 MORTGAGORS: CASSERD MICHAEL
CASSERD JUANITA
REGION CODE ADDRESS : 120 VISTA DRIVE
01 CITY : LA SELVA BEACH
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,385.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.44100
----------------------------------------------------------------
0 0007721079 MORTGAGORS: WARD GARY
WARD TERRY
REGION CODE ADDRESS : 51 CREEKVIEW ROAD
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,143.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.78100
----------------------------------------------------------------
0 0007721087 MORTGAGORS: PENROD GARY
BOHL NANCY
REGION CODE ADDRESS : 36442 WILDWOOD CANYON ROAD
01 CITY : YUCAIPA
STATE/ZIP : CA 92399
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,359.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,238.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007721095 MORTGAGORS: SOUBLET BRUCE
MYLES SYLVIA
REGION CODE ADDRESS : 6135 SKYLINE BOULEVARD
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 357,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,758.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,439.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007721103 MORTGAGORS: TOMS WILLIAM
TOMS MARSHA
REGION CODE ADDRESS : 1517 KINGSFORD DRIVE
01 CITY : CARMICHAEL
STATE/ZIP : CA 95608
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,340.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.82900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,698,200.00
P & I AMT: 11,692.64
UPB AMT: 1,694,987.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007721111 MORTGAGORS: SIMIONESCU HORIA
SIMIONESCU VIOLETA
REGION CODE ADDRESS : 956 PIZARRO LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,325.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,104.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.75000
----------------------------------------------------------------
0 0007721129 MORTGAGORS: HAMMER LAWRENCE
CHAET DONNA
REGION CODE ADDRESS : 4 SNECKNER COURT
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
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 : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.14600
----------------------------------------------------------------
0 0007721137 MORTGAGORS: AREVALO LILY
AREVALO JAIME
REGION CODE ADDRESS : 807 EAST NEWTON LANE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 359,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,509.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,389.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007721145 MORTGAGORS: BRIDWELL ROBERT
KNOTT DIANA
REGION CODE ADDRESS : 13720 CARMEL AVENUE
01 CITY : GLEN ELLEN
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,246.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007721160 MORTGAGORS: BURSTEIN MATTHEW
BURSTEIN MARY
REGION CODE ADDRESS : 27021 BRIGHTON LANE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,535.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,772,100.00
P & I AMT: 12,256.24
UPB AMT: 1,768,920.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007721178 MORTGAGORS: FREUND DENNIS
FREUND KAREN
REGION CODE ADDRESS : 20 SUNBURY DRIVE
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,412.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007721194 MORTGAGORS: HEADLEY PEGGY
REGION CODE ADDRESS : 1955 WHITE OAKS ROAD
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,459.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007721202 MORTGAGORS: JOHNSON JON
JOHNSON TRISH
REGION CODE ADDRESS : 1161 ARROYO GRANDE DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,746.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007721210 MORTGAGORS: TREVOR CLARK
TREVOR LINDA
REGION CODE ADDRESS : 900 CHENERY STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,558.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.20700
----------------------------------------------------------------
0 0007721228 MORTGAGORS: PAPE MICHAEL
PAPE VIRGINIA
REGION CODE ADDRESS : 94 CONEJO DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.44700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,250.00
P & I AMT: 9,905.24
UPB AMT: 1,375,762.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007721236 MORTGAGORS: BENSING DOUGLAS
BENSING LESLIE
REGION CODE ADDRESS : 1005 EAGLE ROAD
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,420.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,824.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.69822
----------------------------------------------------------------
0 0007721244 MORTGAGORS: JAMES WILLIAM
JAMES DIANE
REGION CODE ADDRESS : 2360 WESTVIEW WAY
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 272,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,223.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0007721251 MORTGAGORS: BONE MICHAEL
BONE BONNIE
REGION CODE ADDRESS : 306 LINCOLN AVENUE
01 CITY : POMONA
STATE/ZIP : CA 91767
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,460.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.56100
----------------------------------------------------------------
0 0007721269 MORTGAGORS: MARKS ANDREW
REGION CODE ADDRESS : 704 LA HONDA COURT
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,847.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007721293 MORTGAGORS: BROOKES JOHN
DAY-BROOKES CHIARA
REGION CODE ADDRESS : 22 TIMBERGATE
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,502.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,050.00
P & I AMT: 10,330.42
UPB AMT: 1,470,453.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007721319 MORTGAGORS: JONES JOHN
REGION CODE ADDRESS : 12726 VIA CORTINA
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 339,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,994.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007721335 MORTGAGORS: MINTON CHERYL
OHANESIAN PAUL
REGION CODE ADDRESS : 1927 SOUTH GLENHAVEN AVENUE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,432.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007721343 MORTGAGORS: CASSELL RONALD
CASSELL CAROLE
REGION CODE ADDRESS : 2269 LADERA VISTA DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 794,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 791,363.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,419.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.08600
----------------------------------------------------------------
0 0007730823 MORTGAGORS: SPROWLS THOMAS
PETERSON ROBERTA
REGION CODE ADDRESS : 1512 N. CENTRAL PARKWAY
02 CITY : GLENVIEW
STATE/ZIP : IL 60025
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,190.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.77000
----------------------------------------------------------------
0 0007730872 MORTGAGORS: STEVENSON DOUGLAS
REGION CODE ADDRESS : 7701 FLINT HILL ROAD
02 CITY : OWINGS
STATE/ZIP : MD 20736
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,597.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.12300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,011,000.00
P & I AMT: 13,766.72
UPB AMT: 2,005,577.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007730997 MORTGAGORS: GARSON JACK
GARSON MARCY
REGION CODE ADDRESS : 6000 CHATSWORTH LANE
02 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,575.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731003 MORTGAGORS: CRISP RANDY
EVERSON-CRISP KRISTEN
REGION CODE ADDRESS : 1164 BOWERIE CHASE
02 CITY : POWDER SPRINGS
STATE/ZIP : GA 31027
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,073.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731086 MORTGAGORS: BRANDT JOHN
REGION CODE ADDRESS : 4875 NATCHEZ TRACE COURT
02 CITY : DULUTH
STATE/ZIP : GA 30096
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,602.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731094 MORTGAGORS: MANSER JOHN
REGION CODE ADDRESS : 2423 COOSAWATTEE DRIVE
02 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,394.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731219 MORTGAGORS: RITCHIE SCOTT
RITCHIE DEBORAH
REGION CODE ADDRESS : 10926 TIMOTHYS DRIVE
02 CITY : CONIFER
STATE/ZIP : CO 80433
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,487.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,296,700.00
P & I AMT: 8,692.59
UPB AMT: 1,294,132.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731243 MORTGAGORS: LEE MARC
LEE LORRAINE
REGION CODE ADDRESS : 35 W. VISTA AVENUE
02 CITY : PHOENIX
STATE/ZIP : AZ 85021
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 624,021.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,263.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0007731292 MORTGAGORS: RILEY DAVID
RILEY DEBRA
REGION CODE ADDRESS : 520 BELLE ISLE AVENUE
02 CITY : BELLEAIR BEACH
STATE/ZIP : FL 33786
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,304.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.71400
----------------------------------------------------------------
0 0007731367 MORTGAGORS: BESSER BRETT
BESSER RAELENE
REGION CODE ADDRESS : 22 SYCAMORE COURT
02 CITY : REDWOOD CITY
STATE/ZIP : CA 94062
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,377.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 51.81800
----------------------------------------------------------------
0 0007731391 MORTGAGORS: WHITE NICHOLAS
REGION CODE ADDRESS : 249 SAN MATEO AVENUE
02 CITY : LOS GATOS
STATE/ZIP : CA 95030
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 : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731409 MORTGAGORS: KRISH PREM
KRISH AKILA
REGION CODE ADDRESS : 1247 DE LA GUERRA ROAD
02 CITY : SANTA BARBARA
STATE/ZIP : CA 93103
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,297.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,950.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,323,000.00
P & I AMT: 15,802.97
UPB AMT: 2,319,103.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731425 MORTGAGORS: WIESSLER STEVEN
WIESSLER CAROL
REGION CODE ADDRESS : 1043 RANCHO LINDO DRIVE
02 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,995.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.13000
----------------------------------------------------------------
0 0007731441 MORTGAGORS: BRAZ TOM
BRAZ RENEE
REGION CODE ADDRESS : 5565 CAMINO DORADO
02 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,970.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731516 MORTGAGORS: SOUSA MANUEL
SOUSA MARY
REGION CODE ADDRESS : 3049 STRAWBERRY HILL ROAD
02 CITY : PEBBLE BEACH
STATE/ZIP : CA 93953
MORTGAGE AMOUNT : 376,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,890.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.61300
----------------------------------------------------------------
0 0007731623 MORTGAGORS: GRAYSON JAMES
GRAYSON MARLENE
REGION CODE ADDRESS : 2085 MOONSTONE CIRCLE
02 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,625.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.09600
----------------------------------------------------------------
0 0007731649 MORTGAGORS: PETERSON DONALD
PETERSON KAREN
REGION CODE ADDRESS : 309 ALEXIS WAY
02 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,593.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,200.00
P & I AMT: 10,666.05
UPB AMT: 1,565,075.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731664 MORTGAGORS: GOMEZ ROBERT
GOMEZ DENISE
REGION CODE ADDRESS : 658 RIVER LAKE WAY
02 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,489.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.33300
----------------------------------------------------------------
0 0007731714 MORTGAGORS: ELDER NORMAN
ELDER JEANNIE
REGION CODE ADDRESS : 747 ARBOLADO DRIVE
02 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 326,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,552.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,367.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.90900
----------------------------------------------------------------
0 0007731730 MORTGAGORS: WILLINGHAM JOHN
WILLINGHAM APRIL
REGION CODE ADDRESS : 2630 CORONADO DRIVE
02 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,232.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731763 MORTGAGORS: HELTON EARLE
HELTON VIRGINIA
REGION CODE ADDRESS : 57 PLOVER HILL ROAD
02 CITY : IPSWICH
STATE/ZIP : MA 01938
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,440.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007731821 MORTGAGORS: GAUNY BRIAN
REBAR DENISE
REGION CODE ADDRESS : 1231 GREENBROOK DRIVE
02 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,242.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,000.00
P & I AMT: 10,103.44
UPB AMT: 1,460,957.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007731870 MORTGAGORS: DAVIES TIMOTHY
DAVIES MELISSA
REGION CODE ADDRESS : 29667 NORTH 67TH STREET
02 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,581.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007731912 MORTGAGORS: DENSON SHADELLE
REGION CODE ADDRESS : 125 BRIARLAKE COURT
02 CITY : FAIRBURN
STATE/ZIP : GA 30213
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,531.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.07300
----------------------------------------------------------------
0 0007731953 MORTGAGORS: DOS SANTOS HENRY
DOS SANTOS TRACI
REGION CODE ADDRESS : 17 IDA DRIVE
02 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,314.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731961 MORTGAGORS: NELSON DAVID
NELSON MICKIE
REGION CODE ADDRESS : 3251 MONTECITO AVENUE
02 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,547.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007731979 MORTGAGORS: RICHARDSON R.E.
RICHARDSON SHARON
REGION CODE ADDRESS : 1776 PARROTT DRIVE
02 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 473,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 472,428.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,150.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,703,600.00
P & I AMT: 11,457.51
UPB AMT: 1,699,403.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732043 MORTGAGORS: HAWKINS MARC
HAWKINS MONICA
REGION CODE ADDRESS : 22011 GRASS VALLEY
02 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,592.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0007732068 MORTGAGORS: PYPEMAN THOMAS
PARSON LINDA
REGION CODE ADDRESS : 617 STARBRIGHT COURT
02 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 387,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,578.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,608.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.92000
----------------------------------------------------------------
0 0007732142 MORTGAGORS: STENBERG ROSS
STENBERG ANN
REGION CODE ADDRESS : 5539 NUTHATCH ROAD
02 CITY : PARKER
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,499.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.45600
----------------------------------------------------------------
0 0007732217 MORTGAGORS: JOHNSON GARY
JOHNSON SUSAN
REGION CODE ADDRESS : 3850 EAST MENLO STREET
02 CITY : MESA
STATE/ZIP : AZ 85215
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,786.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
0 0007732266 MORTGAGORS: GREEN JOHN
GREEN ALLISON
REGION CODE ADDRESS : 128 PACCHETTI WAY
02 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,589.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.94700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,200.00
P & I AMT: 11,743.10
UPB AMT: 1,685,046.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007732373 MORTGAGORS: HUNTLEY ALLAN
HUNTLEY MARLA
REGION CODE ADDRESS : LOT 6 THORNTON CIRCLE
02 CITY : MIDDLETON
STATE/ZIP : MA 01949
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,463.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97200
----------------------------------------------------------------
0 0007732514 MORTGAGORS: LIU SHI
LIN WENQI
REGION CODE ADDRESS : 778 SANTA MARIA LANE
02 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,548.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732522 MORTGAGORS: CRANDELL KEVIN
CRANDELL MARY
REGION CODE ADDRESS : 113 BUXTON CIRCLE
02 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,951.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007732530 MORTGAGORS: FARMER BOLLING
REGION CODE ADDRESS : 359 COOK STREET
02 CITY : DENVER
STATE/ZIP : CO 80206
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,509.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.61904
----------------------------------------------------------------
0 0007732563 MORTGAGORS: JENTZ SCOTT
REGION CODE ADDRESS : 23 EAST BELLEVIEW LANE
02 CITY : LITTLETON
STATE/ZIP : CO 80121
MORTGAGE AMOUNT : 479,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,125.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,271.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.34100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,900.00
P & I AMT: 11,451.09
UPB AMT: 1,686,598.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030850895 MORTGAGORS: MCMAHON ROBERT
TIESINGA JILL
REGION CODE ADDRESS : 5812 STILL FOREST
01 CITY : DALLAS
STATE/ZIP : TX 75252
MORTGAGE AMOUNT : 249,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,698.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0030935308 MORTGAGORS: SEELIG TERRY
SNYDER-SEELIG DAWN
REGION CODE ADDRESS : 1621 KANAPUU DRIVE
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,742.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 74.28571
----------------------------------------------------------------
0 0031166846 MORTGAGORS: DEMIO DAVID
REGION CODE ADDRESS : LOT 6 BONNIES WAY
01 CITY : HAMPSTEAD
STATE/ZIP : NH 03841
MORTGAGE AMOUNT : 249,320.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,152.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.91000
----------------------------------------------------------------
0 0031236474 MORTGAGORS: PAQUIN ERIC
PAQUIN KRISTA
REGION CODE ADDRESS : 2000 BIRTHDAY COURT,
01 CITY : BROOKEVILLE,
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 349,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,213.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,325.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031438856 MORTGAGORS: SCHLAX ANTHONY
SCHLAX KRISTI
REGION CODE ADDRESS : 2733 GIRARD
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 314,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,854.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,270.00
P & I AMT: 10,176.11
UPB AMT: 1,457,661.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031450786 MORTGAGORS: GRISWOLD DAVID
REGION CODE ADDRESS : 2552 BAGLEY ROAD
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,792.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031451859 MORTGAGORS: FISHBAUM STEPHEN
FISHBAUM SAGIT
REGION CODE ADDRESS : 21 BARN OWL COURT,
01 CITY : MARLBORO TOWNSHIP
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,107.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031462740 MORTGAGORS: MYRFORS JESPER
REGION CODE ADDRESS : 1012 4TH STREET
01 CITY : SNOHOMISH
STATE/ZIP : WA 98290
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,454.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031491228 MORTGAGORS: CHIARA RICHARD
ADAMSON SHAWN
REGION CODE ADDRESS : 2022 EAST 10765 SOUTH
01 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 257,922.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,556.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 92.11500
----------------------------------------------------------------
0 0031495989 MORTGAGORS: SCHULTZ ROBERT
SCHULTZ MENA
REGION CODE ADDRESS : 8 LAZARUS DRIVE
01 CITY : ROXBURY
STATE/ZIP : NJ 07836
MORTGAGE AMOUNT : 270,791.64 OPTION TO CONVERT :
UNPAID BALANCE : 270,357.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 92.61000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,113.64
P & I AMT: 9,690.56
UPB AMT: 1,412,267.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031497027 MORTGAGORS: AUGST KENNETH
AUGST MARY
REGION CODE ADDRESS : 6021 BERWYND ROAD
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,535.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.07600
----------------------------------------------------------------
0 0031497357 MORTGAGORS: ZAVAR MASTANEH
REGION CODE ADDRESS : 709 CATTS TAVERN DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 284,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,211.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031517618 MORTGAGORS: O'CONNOR JOHN
O'CONNOR SUSAN
REGION CODE ADDRESS : 5 MILLSTONE LANE
01 CITY : WHITEHOUSE STATION
STATE/ZIP : NJ 08889
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,222.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031549702 MORTGAGORS: HAWLEY JAMES
HAWLEY CYNTHIA
REGION CODE ADDRESS : 929 BRICK MANOR CIRCLE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 336,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,910.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.59 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 77.44100
----------------------------------------------------------------
0 0031551062 MORTGAGORS: WAYT JAMES
CARTER TRACY
REGION CODE ADDRESS : 823 REDHAVEN STREET
01 CITY : BRENTWOOD
STATE/ZIP : CA 94513
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,994.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,550.00
P & I AMT: 9,756.18
UPB AMT: 1,405,851.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031561848 MORTGAGORS: MCLAUGHLAN EDWARD
MCLAUGHLAN KELLY
REGION CODE ADDRESS : 43328 LOCHDON LANE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 275,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,813.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.95600
----------------------------------------------------------------
0 0031572654 MORTGAGORS: KASS JUDITH
KASS MILTON
REGION CODE ADDRESS : 473 WEST END AVE. #14B
01 CITY : NEW YORK
STATE/ZIP : NY 10024
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.69697
----------------------------------------------------------------
0 0031584337 MORTGAGORS: BLOCK GARY
BLOCK DAINA
REGION CODE ADDRESS : 2002 BIRTHDAY COURT
01 CITY : BROOKEVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 349,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,306.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,296.62 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.72800
----------------------------------------------------------------
0 0031603533 MORTGAGORS: FLORES MARCO
FLORES YOLANDA
REGION CODE ADDRESS : 981 ROSAL COURT
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 286,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,747.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98872
----------------------------------------------------------------
0 0031619992 MORTGAGORS: STOWERS JAMES
REGION CODE ADDRESS : 2420 DORADO DRIVE
01 CITY : MISSION
STATE/ZIP : TX 78572
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,602.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,867.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.52700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,578,800.00
P & I AMT: 10,734.87
UPB AMT: 1,576,469.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031620529 MORTGAGORS: BURNS JOHN
BURNS DONNA
REGION CODE ADDRESS : 141 QUAIL RUN COURT
01 CITY : HOWELL
STATE/ZIP : NJ 07731
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,432.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.67700
----------------------------------------------------------------
0 0031620768 MORTGAGORS: ZARRABIAN KHOSROW
ZARRABIAN MOULOOD
REGION CODE ADDRESS : 22515 CONIL
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,008.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031621584 MORTGAGORS: MONTESINO PATSY
REGION CODE ADDRESS : 1006 PREAKNESS AVENUE
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,798.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031623267 MORTGAGORS: STEWART FRANK
STEWART MARJORIE
REGION CODE ADDRESS : 32 ROWLEY SHORE ROAD
01 CITY : GLOUCESTER
STATE/ZIP : MA 01930
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,732.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031625445 MORTGAGORS: ROCCO RUBY
REGION CODE ADDRESS : 483 EAST MOUNT AIRY ROAD
01 CITY : CROTON-ON-HUDSON
STATE/ZIP : NY 10520
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,030.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,250.00
P & I AMT: 9,838.26
UPB AMT: 1,417,002.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031626567 MORTGAGORS: DE LA VEGA DAGOBERTO
DE LA VEGA ROSSINA
REGION CODE ADDRESS : 10495 SW 60 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33173
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,397.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031627276 MORTGAGORS: MOKGETHI BIANCA
MOKGETHI SHALA
REGION CODE ADDRESS : 431 FULTON STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19147
MORTGAGE AMOUNT : 244,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,235.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031629025 MORTGAGORS: YIE CHARLES
REGION CODE ADDRESS : 65 WHITE OAK ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 610,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 608,633.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,265.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.03200
----------------------------------------------------------------
0 0031630429 MORTGAGORS: ELWOOD DREW
ELWOOD SALLY
REGION CODE ADDRESS : 74 LONGVIEW DRIVE
01 CITY : GREEN BROOK TOWNSHIP
STATE/ZIP : NJ 08812
MORTGAGE AMOUNT : 255,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,910.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.57800
----------------------------------------------------------------
0 0031632136 MORTGAGORS: HARRIS KENNITH
HARRIS STACY
REGION CODE ADDRESS : 5509 RAINBOW CREST DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,833.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,723.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,615,500.00
P & I AMT: 11,209.08
UPB AMT: 1,612,009.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031632482 MORTGAGORS: MALHOTRA SAMIR
MALHOTRA BINA
REGION CODE ADDRESS : 5 POTOMAC MANOR COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 723,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 721,434.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,305.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 015
LTV : 72.66300
----------------------------------------------------------------
0 0031636863 MORTGAGORS: RESSLER BARRY
RESSLER NANCY
REGION CODE ADDRESS : 187 NEWTOWN TURNPIKE
01 CITY : WESTON
STATE/ZIP : CT 06883
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,868.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.33300
----------------------------------------------------------------
0 0031637291 MORTGAGORS: PASS COREY
PASS LORI
REGION CODE ADDRESS : 1701 PROSPECT ESTATE
01 CITY : ESTES PARK
STATE/ZIP : CO 80517
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,595.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.11600
----------------------------------------------------------------
0 0031641228 MORTGAGORS: TORTO MICHAEL
TORTO DIANE
REGION CODE ADDRESS : 32 BOSTON ROAD
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,474.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,956.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031642341 MORTGAGORS: SMITH JAMES
SMITH SANDRA
REGION CODE ADDRESS : 4055 N RECKER RD 47
01 CITY : MESA
STATE/ZIP : AZ 85215
MORTGAGE AMOUNT : 242,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,106.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.67200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,047,650.00
P & I AMT: 14,345.34
UPB AMT: 2,042,479.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031643174 MORTGAGORS: DEY RUTH
DEY DAVID
REGION CODE ADDRESS : 43332 LOCHDON LANE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 292,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,954.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.74300
----------------------------------------------------------------
0 0031643968 MORTGAGORS: PURCELL CONNIE
PURCELL KIRK
REGION CODE ADDRESS : 23341 ESPERANZA DRIVE
01 CITY : LEXINGTON PARK
STATE/ZIP : MD 20653
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,545.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.63400
----------------------------------------------------------------
0 0031653058 MORTGAGORS: DEMERY THOMAS
DEMERY CAROL
REGION CODE ADDRESS : 6110 EDGEWOOD TERRACE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22307
MORTGAGE AMOUNT : 451,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,038.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,231.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.43400
----------------------------------------------------------------
0 0031657646 MORTGAGORS: RAUSENBERGER MATTHEW
RAUSENBERGER MARGO
REGION CODE ADDRESS : 424 NICHOLAS DRIVE
01 CITY : MOUNTIN VIEW
STATE/ZIP : CA 94043
MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,302.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,042.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031661812 MORTGAGORS: ION THOMAS
ION JANET
REGION CODE ADDRESS : 12642 CRESCENT MEADOW COURT
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,738.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 81.40600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,754,700.00
P & I AMT: 12,169.49
UPB AMT: 1,751,579.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031661879 MORTGAGORS: PRZYWARA KENNETH
PRZYWARA MARYANNE
REGION CODE ADDRESS : 703 CARDIFF RD.,
01 CITY : WILMINGTON
STATE/ZIP : DE 19803
MORTGAGE AMOUNT : 273,505.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,892.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031663149 MORTGAGORS: STERN RONALD
STERN DEBRA
REGION CODE ADDRESS : 37 OLIVER ROAD
01 CITY : PARAMUS BORO
STATE/ZIP : NJ 07652
MORTGAGE AMOUNT : 270,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,286.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.34200
----------------------------------------------------------------
0 0031665284 MORTGAGORS: STOKELY JOHN
STOKLEY LINDA
REGION CODE ADDRESS : 104 B COLUMBIA AVENUE
01 CITY : REHOBOTH BEACH
STATE/ZIP : DE 19971
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031666266 MORTGAGORS: UMANSKY ANN
UMANSKY CHARLES
REGION CODE ADDRESS : 8 TAUTON ROAD
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,236.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.89300
----------------------------------------------------------------
0 0031666423 MORTGAGORS: DELISE ANTONIO
DELISE LORI
REGION CODE ADDRESS : 35 RIDGEWAY ROAD
01 CITY : EASTON
STATE/ZIP : CT 06612
MORTGAGE AMOUNT : 431,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,825.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,837.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,820,125.00
P & I AMT: 12,390.43
UPB AMT: 1,816,965.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031666811 MORTGAGORS: HOLLOWAY JAMES
SHERER TRACY
REGION CODE ADDRESS : 47137 KENTWELL PLACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 273,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,551.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.93400
----------------------------------------------------------------
0 0031667397 MORTGAGORS: OWEN MARCUS
DRAHAM CHRISTINE
REGION CODE ADDRESS : 5809 WILSON LANE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,272.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.40600
----------------------------------------------------------------
0 0031670862 MORTGAGORS: SAMMARTINO FRED
VAN DER BEEK BRENDA
REGION CODE ADDRESS : 231 CHESTNUT STREET
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,490.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.25000
----------------------------------------------------------------
0 0031672629 MORTGAGORS: ARNOLD STEPHEN
ARNOLD LORIE
REGION CODE ADDRESS : 12610 ARENA COURT
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 321,515.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,515.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99995
----------------------------------------------------------------
0 0031678402 MORTGAGORS: PIMCHAIPONG PANOO
PIMCHAIPONG BENJAMAS
REGION CODE ADDRESS : 4419 WINDING OAK DRIVE,
01 CITY : OLNEY,
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,786.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,865.00
P & I AMT: 10,080.61
UPB AMT: 1,449,615.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031679079 MORTGAGORS: FARZAN KOOROSH
REGION CODE ADDRESS : 4817 VANDERHILL ROAD
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,314.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031682933 MORTGAGORS: EHRING MICHEAL
EHRING MARLENE
REGION CODE ADDRESS : 5302 KENTWATER PLACE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,123.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.77900
----------------------------------------------------------------
0 0031685241 MORTGAGORS: STICHKA ALBERT
STICHKA PATRICIA
REGION CODE ADDRESS : 1045 GALDAR PLACE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,376.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031687221 MORTGAGORS: WITTE DAVID
WITTE SUSAN
REGION CODE ADDRESS : 6727 SUNNYSLOPE AVENUE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,899.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,297.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.94500
----------------------------------------------------------------
0 0031688906 MORTGAGORS: GREENWALD DANIEL
CLOHERTY LISA
REGION CODE ADDRESS : 4 ABBEY LANE
01 CITY : LYNNFIELD
STATE/ZIP : MA 01940
MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,577.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,800.00
P & I AMT: 10,178.29
UPB AMT: 1,480,291.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031689383 MORTGAGORS: AMOROSO JOSEPH
REGION CODE ADDRESS : 35 CEDAR STREET
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 241,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,586.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 87.35500
----------------------------------------------------------------
0 0031689730 MORTGAGORS: COOPER RONALD
COOPER MICHELLE
REGION CODE ADDRESS : 10008 PRESTWICH TERRACE
01 CITY : IJAMSVILLE
STATE/ZIP : MD 21702
MORTGAGE AMOUNT : 290,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,317.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031693377 MORTGAGORS: COPELAND LOREN
REGION CODE ADDRESS : 424 N. VALLEY FORGE ROAD
01 CITY : DEVON
STATE/ZIP : PA 19333
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,935.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,561.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 71.99900
----------------------------------------------------------------
0 0031694219 MORTGAGORS: MICHIELINI JOHN
MICHIELINI KERIN
REGION CODE ADDRESS : 7 CHESTNUT STREET
01 CITY : GARDEN CITY
STATE/ZIP : NY 11530
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,746.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
0 0031694649 MORTGAGORS: SCHMELZINGER LAURENCE
SCHMELZINGER ANITA
REGION CODE ADDRESS : 58 SECOND STREET
01 CITY : GARDEN CITY
STATE/ZIP : NY 11530
MORTGAGE AMOUNT : 396,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,561.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.15800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,653,400.00
P & I AMT: 11,237.23
UPB AMT: 1,650,146.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031695463 MORTGAGORS: HOLLOWELL ALFRED
HOLLOWELL CARMEN
REGION CODE ADDRESS : 2714 EDGEWATER COURT
01 CITY : WESTON
STATE/ZIP : FL 33332
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,590.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031695794 MORTGAGORS: NORRIS LARRY
NORRIS JANET
REGION CODE ADDRESS : 8183 FAIRVIEW ROAD
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,733.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031697998 MORTGAGORS: LOMBARDO PHILIP
LOMBARDO KELLY
REGION CODE ADDRESS : 4196 SHOREBREAK DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,810.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031698129 MORTGAGORS: AHMED ASRAR
AHMED AMINA
REGION CODE ADDRESS : 24 HIDDEN BROOK DRIVE
01 CITY : BROOKFIELD
STATE/ZIP : CT 06804
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.33300
----------------------------------------------------------------
0 0031698764 MORTGAGORS: BARBER ROBERT
BARBER GLENDA
REGION CODE ADDRESS : 13169 DAUPHIN ISLAND PARKWAY
01 CITY : CODEN
STATE/ZIP : AL 36523
MORTGAGE AMOUNT : 256,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,095.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.34600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,550.00
P & I AMT: 11,624.26
UPB AMT: 1,726,892.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031703663 MORTGAGORS: FULWIDER DONALD
FULWIDER SHARON
REGION CODE ADDRESS : 703 CATTS TAVERN DRIVE
01 CITY : ALEXANDRA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,533.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.72900
----------------------------------------------------------------
0 0031704877 MORTGAGORS: AMERSON STEPHEN
AMERSON KRISTINE
REGION CODE ADDRESS : 12501 NEDRA DRIVE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,448.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,317.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031706237 MORTGAGORS: HOOK ALFRED
HOOK SUZANNE
REGION CODE ADDRESS : 9 GRANT ROAD
01 CITY : LYNNFIELD
STATE/ZIP : MA 01940
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,766.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.16300
----------------------------------------------------------------
0 0031706344 MORTGAGORS: EPPS CHARLES
EPPS BEVERLY
REGION CODE ADDRESS : 4112 SEVENTEENTH STREET NORTHWEST
01 CITY : WASHINGTON
STATE/ZIP : DC 20011
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,318.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031706765 MORTGAGORS: KOZIK ROBERT
KOZIK MYRIAM
REGION CODE ADDRESS : 8539 FAUST AVENUE
01 CITY : (WEST HILLS AREA) LOS ANG
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,345.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.96700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,750.00
P & I AMT: 10,175.04
UPB AMT: 1,490,411.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031707656 MORTGAGORS: CINTRON ROCKY
CINTRON MEGAN
REGION CODE ADDRESS : 310 KYLE ROAD
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 875,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 874,246.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,675.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031708373 MORTGAGORS: RUSSELL CHARLES
RUSSELL DARLENE
REGION CODE ADDRESS : 2163 WILBANKS CIRCLE
01 CITY : HENDERSON
STATE/ZIP : NV 89012
MORTGAGE AMOUNT : 242,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,510.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.97700
----------------------------------------------------------------
0 0031709918 MORTGAGORS: LIND DAVID
LIND SHERRI
REGION CODE ADDRESS : 4349 EAST DESERT LANE COURT
01 CITY : HIGLEY
STATE/ZIP : AZ 85236
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,047.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,547.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031710957 MORTGAGORS: MONTEIRO GEORGE
BANKS NANCI
REGION CODE ADDRESS : 4613 BRIGHTWOOD ROAD,
01 CITY : OLNEY,
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.59400
----------------------------------------------------------------
0 0031711567 MORTGAGORS: NAGEL HAL
NAGEL LINDA
REGION CODE ADDRESS : 1427 CORAL PARKWAY
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,274.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 34.01360
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,061,200.00
P & I AMT: 13,767.22
UPB AMT: 2,058,830.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031711989 MORTGAGORS: PENNETTA THOMAS
PENNETTA KATHLEEN
REGION CODE ADDRESS : 76 WEDGEWOOD DRIVE
01 CITY : MONTVILLE
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 384,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,426.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,527.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031712060 MORTGAGORS: VOLLARO JOHN
VOLLARO DELORES
REGION CODE ADDRESS : 4450 EAST ENCINAS AVENUE
01 CITY : GILBERT
STATE/ZIP : AZ 85236
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,769.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031713753 MORTGAGORS: LAMB MICHEAL
LAMB JOANNE
REGION CODE ADDRESS : 62 EMERALD GLEN LANE
01 CITY : SALEM
STATE/ZIP : CT 06420
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 : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031715741 MORTGAGORS: MANSOLILLO A.
MANSOLILLO MARIE
REGION CODE ADDRESS : 19 HUNTER DRIVE
01 CITY : WEST HARTFORD
STATE/ZIP : CT 06107
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,407.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031717507 MORTGAGORS: FOX DANIEL
FOX ELAINE
REGION CODE ADDRESS : 3641 GLENEAGLES DRIVE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,534.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.05200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,350.00
P & I AMT: 9,906.97
UPB AMT: 1,462,574.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031718406 MORTGAGORS: COOK TIMOTHY
COOK JANET
REGION CODE ADDRESS : 4 CRANBERRY DRIVE
01 CITY : FRANKLIN
STATE/ZIP : MA 02038
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031718521 MORTGAGORS: DEEMAN NEIL
DEEMAN ALEXANDRA
REGION CODE ADDRESS : 101 LEONA COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 416,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,856.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,804.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.02600
----------------------------------------------------------------
0 0031718786 MORTGAGORS: DOYLE JOHN
REGION CODE ADDRESS : 10 RADCLIFFE ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 505,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 505,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,318.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.06100
----------------------------------------------------------------
0 0031718927 MORTGAGORS: ESPOSITO JOSEPH
ESPOSITO GEORGETTE
REGION CODE ADDRESS : 24 MAPLEWOOD WAY
01 CITY : PLEASANTVILLE
STATE/ZIP : NY 10570
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 : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031720188 MORTGAGORS: DECAMP DODD
DECAMP DAHLIA
REGION CODE ADDRESS : 2924 ROSEDALE AVENUE
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,374.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.10100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,991,450.00
P & I AMT: 13,474.59
UPB AMT: 1,988,954.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031721137 MORTGAGORS: HAYES-HAAS MARY
HAAS ARTHUR
REGION CODE ADDRESS : 40 SCRIBNER HILL RD.
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031721483 MORTGAGORS: HOWIE GEORGE
HOWIE PANDORA
REGION CODE ADDRESS : 62 SILVER SPRING ROAD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 381,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,109.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,634.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.75800
----------------------------------------------------------------
0 0031721707 MORTGAGORS: LEVA CRAIG
LEVA MONETTE
REGION CODE ADDRESS : 1198 OXFORD COURT
01 CITY : HIGHLAND PARK,
STATE/ZIP : IL 60035
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,009.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031722200 MORTGAGORS: FRITTER DALE
FRITTER EVELYN
REGION CODE ADDRESS : 1976 BISHOP AVENUE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,418.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 82.35200
----------------------------------------------------------------
0 0031722770 MORTGAGORS: ROSEMAN MICHAEL
REGION CODE ADDRESS : 17177 ESCALON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,439.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,534.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.95000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,744,400.00
P & I AMT: 12,023.04
UPB AMT: 1,741,977.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031724172 MORTGAGORS: DOUGHERTY MICHAEL
DOUGHERTY EILEEN
REGION CODE ADDRESS : 262 53RD STREET
01 CITY : AVALON
STATE/ZIP : NJ 08247
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,627.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.56700
----------------------------------------------------------------
0 0031724768 MORTGAGORS: TANNER ERIC
TANNER CORI
REGION CODE ADDRESS : 15 VIA BANDADA
01 CITY : RANCHO SANTA MARGARITA
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,766.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,857.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031725609 MORTGAGORS: COMAS STEVEN
COMAS VALERIE
REGION CODE ADDRESS : 33 BARNUM PLACE
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,272.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031725633 MORTGAGORS: KENNEDY JOSEPH
KENNEDY NICOLE
REGION CODE ADDRESS : 90 STUYVESANT AVENUE
01 CITY : LARCHMONT
STATE/ZIP : NY 10538
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,772.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,913.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.97700
----------------------------------------------------------------
0 0031725849 MORTGAGORS: RIGGS LARRY
RIGGS CAROL
REGION CODE ADDRESS : 234 HELIOTROPE AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 965,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 964,247.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,583.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 64.33333
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,187,800.00
P & I AMT: 15,157.15
UPB AMT: 2,185,687.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031728199 MORTGAGORS: KOMOROWSKI JAMES
KOMOROWSKI KRISTINE
REGION CODE ADDRESS : 83 BUNKER HILL DRIVE
01 CITY : TRUMBULL
STATE/ZIP : CT 06611
MORTGAGE AMOUNT : 293,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,940.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031728728 MORTGAGORS: SHINDEL JOSEPH
KARNITSKY DIANN
REGION CODE ADDRESS : 450 NEPTUNE DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,775.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,746.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031728884 MORTGAGORS: STEIN RICHARD
STEIN CAROL
REGION CODE ADDRESS : 3 WINDING LANE WEST
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,619.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 42.55300
----------------------------------------------------------------
0 0031728926 MORTGAGORS: BEIERLE LARRY
BEIERLE ROSEANNA
REGION CODE ADDRESS : 608 CALLE GANADERO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,536.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 67.07300
----------------------------------------------------------------
0 0031729999 MORTGAGORS: FORBES STEVEN
FORBES LEIGH
REGION CODE ADDRESS : 22 PICKERING DRIVE
01 CITY : ROBBINSVILLE
STATE/ZIP : NJ 08691
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.67600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,712,400.00
P & I AMT: 11,797.67
UPB AMT: 1,710,682.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031731722 MORTGAGORS: WDOWIAK THOMAS
REGION CODE ADDRESS : 3209 CARLISLE ROAD
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35213
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,583.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031732399 MORTGAGORS: HELMS RANDY
HELMS LISA
REGION CODE ADDRESS : 138 HICKORY LN
01 CITY : CECIL
STATE/ZIP : AL 36013
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,711.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031732431 MORTGAGORS: RICCIARDO ELAINE
RICCIARDO STACEY
REGION CODE ADDRESS : 7020 8TH AVENUE
01 CITY : BROOKLYN
STATE/ZIP : NY 11204
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,280.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031732670 MORTGAGORS: CLARK STEVEN
CLARK JOAN
REGION CODE ADDRESS : 32 BASKIN ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,230.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.85100
----------------------------------------------------------------
0 0031733280 MORTGAGORS: STAVLO JOHN
STAVLO SUSAN
REGION CODE ADDRESS : 1705 FOREST TRAIL
01 CITY : MAMMOTH LAKES
STATE/ZIP : CA 93546
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,787.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,440,600.00
P & I AMT: 9,943.02
UPB AMT: 1,438,594.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031733363 MORTGAGORS: MILLS HELEN
REGION CODE ADDRESS : 2243 N. UPTON STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 551,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,179.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,852.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.52700
----------------------------------------------------------------
0 0031733769 MORTGAGORS: STANCO JOHN
STANCO KATHLEEN
REGION CODE ADDRESS : 200 DUCK POND ROAD
01 CITY : GLEN COVE
STATE/ZIP : NY 11542
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.65400
----------------------------------------------------------------
0 0031733983 MORTGAGORS: WOODWARD KENNETH
WOODWARD WENYING
REGION CODE ADDRESS : 19 SPRING VIEW WAY
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 296,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,957.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031733991 MORTGAGORS: HANSEN MARK
REGION CODE ADDRESS : 2 IVY TERRACE
01 CITY : PROSPECT
STATE/ZIP : CT 06712
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,776.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031735038 MORTGAGORS: SHIFF PAUL
SHIFF JUNE
REGION CODE ADDRESS : 7 KINGS ROAD
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 478,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,645.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,342.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.55600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,919,200.00
P & I AMT: 13,194.10
UPB AMT: 1,917,313.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031735087 MORTGAGORS: SILVESTER JAMES
SCABRINI JANET
REGION CODE ADDRESS : 90 MAYWOOD ROAD
01 CITY : NORWALK
STATE/ZIP : CT 06850
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,779.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 47.15400
----------------------------------------------------------------
0 0031735277 MORTGAGORS: SULLIVAN CHRISTOPHER
SULLIVAN MARGARET
REGION CODE ADDRESS : 661 AUGUSTA COURT
01 CITY : BERWYN
STATE/ZIP : PA 19312
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,219.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,558.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031735962 MORTGAGORS: CHANGANAQUI TOMAS
CHANGANAQUI MIRTHA
REGION CODE ADDRESS : EICKE ROAD
01 CITY : OLDWICK
STATE/ZIP : NJ 08858
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.01550
----------------------------------------------------------------
0 0031736408 MORTGAGORS: HINES MATTHEW
HINES ERIN
REGION CODE ADDRESS : 1158 HAMPTONDALE ROAD
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,492.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031736580 MORTGAGORS: MERRIGAN EDWARD
REGION CODE ADDRESS : 381 HEMSLEY DRIVE
01 CITY : QUEENSTOWN
STATE/ZIP : MD 21658
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,463.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,075,000.00
P & I AMT: 14,140.17
UPB AMT: 2,070,955.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031736838 MORTGAGORS: RICCIE JOSEPH
RICCIE CATHI
REGION CODE ADDRESS : 6 CRIMSON KING TRAIL
01 CITY : RARITAN TOWNSHIP
STATE/ZIP : NJ 08822
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,794.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.10600
----------------------------------------------------------------
0 0031736861 MORTGAGORS: ROSEN MARK
ROSEN KIM
REGION CODE ADDRESS : 5325 CHURCHWOOD DRIVE
01 CITY : AGOURA AREA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 389,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,375.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,620.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.56500
----------------------------------------------------------------
0 0031737299 MORTGAGORS: TEIE DAVID
TEIE MYRIAM
REGION CODE ADDRESS : 172 MICHELE CIRCLE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,589.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031737604 MORTGAGORS: MAY PATRICK
MAY MARY
REGION CODE ADDRESS : 7219 OLD GATE ROAD
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,747.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031739600 MORTGAGORS: GANS DAVID
GANS ANNE
REGION CODE ADDRESS : 4 PETERSVILLE ROAD
01 CITY : MT. KISCO
STATE/ZIP : NY 10549
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,511.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.81300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,565,000.00
P & I AMT: 10,690.66
UPB AMT: 1,563,017.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031740392 MORTGAGORS: NATHAN SURENDAR
NATHAN ARUNA
REGION CODE ADDRESS : 6118 SWANSEA STREET
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,994.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031741036 MORTGAGORS: OBI OLUFEMI
REGION CODE ADDRESS : 17 HIGH STREET, UNIT 1
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,414.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031741168 MORTGAGORS: ZIENTEK PAUL
ZIENTEK DIANE
REGION CODE ADDRESS : 10 FOX HILL RUN
01 CITY : MONMOUTH JUNCTION
STATE/ZIP : NJ 08852
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.45900
----------------------------------------------------------------
0 0031743776 MORTGAGORS: CASCIATO PETER
CASCIATO REGINA
REGION CODE ADDRESS : 2969 LAKE STREET A.K.A 198 32ND AVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94121
MORTGAGE AMOUNT : 995,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 994,223.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,787.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 34.79000
----------------------------------------------------------------
0 0031744956 MORTGAGORS: ANDERS ALEC
ANDERS ANDREA
REGION CODE ADDRESS : 13607 PARRECO FARM COURT
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 244,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,509.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.81000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,049,700.00
P & I AMT: 14,104.73
UPB AMT: 2,048,141.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031745029 MORTGAGORS: ALVAREZ FRANK
ALVAREZ JANETTE
REGION CODE ADDRESS : 15 APPLETREE LANE
01 CITY : NORWALK
STATE/ZIP : CT 06850
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,763.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031746126 MORTGAGORS: BLAES BRADLEY
BLAES NICOLE
REGION CODE ADDRESS : 1603 VIA SAGE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 339,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,311.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031746340 MORTGAGORS: AMIANA AMANDO
AMIANA LINDA
REGION CODE ADDRESS : 2826 LAWNDALE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90065
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 : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.40500
----------------------------------------------------------------
0 0031746993 MORTGAGORS: TRAN PHUONG
PHAN BRIGITTE
REGION CODE ADDRESS : 15910 MEAGHER STREET
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,621.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031747066 MORTGAGORS: SMITH STEPHEN
SMITH PAULINE
REGION CODE ADDRESS : 15 PRESCOTT LANE
01 CITY : HAMPTON FALLS,
STATE/ZIP : NH 03844
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,776.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,104.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,150.00
P & I AMT: 10,253.15
UPB AMT: 1,487,257.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031747140 MORTGAGORS: MAMA JENNIE
REGION CODE ADDRESS : 10626 PINE NEEDLE ROAD
01 CITY : OCEAN CITY
STATE/ZIP : MD 21842
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,455.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031748254 MORTGAGORS: ROSS URBAN
ROSS CAROL
REGION CODE ADDRESS : 33 HOPEMONT DRIVE,
01 CITY : MT LAUREL,
STATE/ZIP : NJ 08054
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,507.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031748783 MORTGAGORS: WOLFF PAUL
REGION CODE ADDRESS : 3957 TRIAD COURT
01 CITY : WOODBRIDGE
STATE/ZIP : VA 22192
MORTGAGE AMOUNT : 246,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,587.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,600.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031748908 MORTGAGORS: MUTSCHELLER JOHN
MUTSCHELLER KARI
REGION CODE ADDRESS : 12308 MICHAELS FORD ROAD
01 CITY : COCKEYSVILLE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,586.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,615.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.61100
----------------------------------------------------------------
0 0031748940 MORTGAGORS: DANIELS JEFFREY
DANIELS SHARON
REGION CODE ADDRESS : 11050 STUART MILL ROAD
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,518.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,585,800.00
P & I AMT: 10,827.83
UPB AMT: 1,581,656.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031749146 MORTGAGORS: GRIFFIN GERALD
GRIFFIN AMY
REGION CODE ADDRESS : 15 VAN ORDEN RD
01 CITY : HARRINGTON PARK
STATE/ZIP : NJ 07675
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,790.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031749674 MORTGAGORS: NICHOLS MELVIN
NICHOLS MARILYN
REGION CODE ADDRESS : 1110 ESPLANADE #10
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,704.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,117.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.89900
----------------------------------------------------------------
0 0031749708 MORTGAGORS: WILDERMUTH JOHN
WILDERMUTH JEMMA
REGION CODE ADDRESS : 4211 BEAUCROFT COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 416,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,147.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,843.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031749732 MORTGAGORS: ECKARDT CATHERINE
REGION CODE ADDRESS : 351 PEMBERWICK ROAD 706
01 CITY : GREENWICH
STATE/ZIP : CT 06831
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,782.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.25000
----------------------------------------------------------------
0 0031749849 MORTGAGORS: HAMADY SAADI
REGION CODE ADDRESS : 16 GRACEWOOD ROAD
01 CITY : STONEHAM
STATE/ZIP : MA 02180
MORTGAGE AMOUNT : 305,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,081.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,900.00
P & I AMT: 11,633.72
UPB AMT: 1,683,525.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031750060 MORTGAGORS: MELE ANTONIO
GALLOWAY TAMARA
REGION CODE ADDRESS : 35 COACH LANE
01 CITY : NORWOOD
STATE/ZIP : MA 02062
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,046.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,591.41 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031750193 MORTGAGORS: BROWN BARRINGTON
BROWN PAULA
REGION CODE ADDRESS : 19630 MUNCASTER ROAD
01 CITY : DERWOOD
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 249,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,055.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.57500
----------------------------------------------------------------
0 0031750730 MORTGAGORS: PATERSON RICHARD
PATERSON HEIDI
REGION CODE ADDRESS : 3245 MIRALESTE
01 CITY : PARKER
STATE/ZIP : AZ 85344
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,271.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.10682
----------------------------------------------------------------
0 0031750763 MORTGAGORS: LANGLEY CRAIG
LANGLEY LINDA
REGION CODE ADDRESS : 11335 SW LYNNRIDGE AVENUE
01 CITY : PORTLAND
STATE/ZIP : OR 97225
MORTGAGE AMOUNT : 299,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,404.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/25
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.92000
----------------------------------------------------------------
0 0031750839 MORTGAGORS: NORTON ERIC
NORTON JANE
REGION CODE ADDRESS : 21330 COLUMBUS AVENUE
01 CITY : CUPERTINO,
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 547,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 547,062.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,688.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,850.00
P & I AMT: 10,972.43
UPB AMT: 1,577,840.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031750862 MORTGAGORS: HIRSCHFIELD G
HIRSCHFIELD JANICE
REGION CODE ADDRESS : 2122 24TH STREET
01 CITY : GREELEY
STATE/ZIP : CO 80631
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,004.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.14900
----------------------------------------------------------------
0 0031750888 MORTGAGORS: GINSBERG ERIC
GINSBERG ELIZABETH
REGION CODE ADDRESS : 16 TRACEY LANE
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,330.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.55300
----------------------------------------------------------------
0 0031751175 MORTGAGORS: SCHULTE NANCY
BROWNING ROBERT
REGION CODE ADDRESS : 4952 BELINDER
01 CITY : WESTWOOD
STATE/ZIP : KS 66205
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,196.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.01100
----------------------------------------------------------------
0 0031751654 MORTGAGORS: MAXWELL MITCHELL
MAXWELL TIFFANI
REGION CODE ADDRESS : 42 WILDWOOD DRIVE
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 305,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.93200
----------------------------------------------------------------
0 0031752124 MORTGAGORS: ERDODY STEPHEN
ERDODY JULIANA
REGION CODE ADDRESS : 1216 BOSTON STREET
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 431,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,541.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,978.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,350.00
P & I AMT: 10,683.71
UPB AMT: 1,540,223.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031752330 MORTGAGORS: WILLNER DAVID
WILLNER JILL
REGION CODE ADDRESS : 1242 CORDOVA AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91207
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.94000
----------------------------------------------------------------
0 0031752348 MORTGAGORS: BURKE CATHERINE
BURKE MATTHEW
REGION CODE ADDRESS : 69 SOMERSET ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02445
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,743.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.29400
----------------------------------------------------------------
0 0031752397 MORTGAGORS: BOATRIGHT JANE
SCHEIDEMANTEL PAUL
REGION CODE ADDRESS : 121 HAGER LANE
01 CITY : BOXBOROUGH
STATE/ZIP : MA 01719
MORTGAGE AMOUNT : 348,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,506.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.51100
----------------------------------------------------------------
0 0031752454 MORTGAGORS: TINCUP WILLIAM
TINCUP KAREN
REGION CODE ADDRESS : 3604 CORTE CASTILLO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 697,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 696,469.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,814.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 79.76900
----------------------------------------------------------------
0 0031752694 MORTGAGORS: MARSHALL DUNCAN
MARSHALL KRISTI
REGION CODE ADDRESS : 180 HILL BROOK LANE
01 CITY : FAIRFIELD,
STATE/ZIP : CT 06430
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,151,800.00
P & I AMT: 14,702.84
UPB AMT: 2,150,125.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031752736 MORTGAGORS: FRUMKIN DANIEL
FRUMKIN MICHELLE
REGION CODE ADDRESS : 4 TERESA ROAD
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,792.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 85.20100
----------------------------------------------------------------
0 0031753692 MORTGAGORS: MARRS MARC
MARRS WHITNEY
REGION CODE ADDRESS : 1650 NIAGARA ST
01 CITY : DENVER
STATE/ZIP : CO 80220
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,794.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.11600
----------------------------------------------------------------
0 0031754096 MORTGAGORS: NOBLE HOWARD
NOBLE STEPHANIE
REGION CODE ADDRESS : 10 JOY PLACE
01 CITY : COHASSET
STATE/ZIP : MA 02025
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,393.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.76700
----------------------------------------------------------------
0 0031754120 MORTGAGORS: HANCOCK MICHAEL
HANCOCK MARY
REGION CODE ADDRESS : 13120 NORTHEAST 203RD PLACE
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,261.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031754195 MORTGAGORS: PEARLSON JONATHON
PEARLSON GILLIAN
REGION CODE ADDRESS : 80 MORNINGSIDE LANE
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.52200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,250.00
P & I AMT: 9,398.31
UPB AMT: 1,329,660.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031754203 MORTGAGORS: EDMONSON DAVID
EDMONSON SHANNON
REGION CODE ADDRESS : 4741 NORTH OHIO STREET
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,790.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.17900
----------------------------------------------------------------
0 0031754328 MORTGAGORS: KLUNGLAND MARK
LARSEN LEONARD
REGION CODE ADDRESS : 136 NORTHWEST 74TH STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98117
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,088.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031754393 MORTGAGORS: RAGHUNANDAN LATCHMAN
PERSAUD BASMATTIE
REGION CODE ADDRESS : 1 LUCE DRIVE
01 CITY : CHESTER
STATE/ZIP : NJ 07930
MORTGAGE AMOUNT : 581,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,490.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,768.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 67.29989
----------------------------------------------------------------
0 0031754419 MORTGAGORS: ALEXANDER GREGORY
ALEXANDER BROOKE
REGION CODE ADDRESS : 1002 S DAKOTA AVE
01 CITY : TAMPA
STATE/ZIP : FL 33606
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,340.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,983.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031754484 MORTGAGORS: LEEPER JAMES
EVERETT MEREDITH
REGION CODE ADDRESS : 18015 RED ROCKS DRIVE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 254,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,756.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.06700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,786,450.00
P & I AMT: 12,006.20
UPB AMT: 1,783,466.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031754765 MORTGAGORS: SUDERMAN SPENCER
SUDERMAN STACEY
REGION CODE ADDRESS : 28348 BERYLWOOD PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 248,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,655.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031754773 MORTGAGORS: NELSON JOHN
NELSON DIANE
REGION CODE ADDRESS : 28327 BERYLWOOD PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 276,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,444.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98300
----------------------------------------------------------------
0 0031755101 MORTGAGORS: REUSCHER F. CARLENE
REUSCHER EDWARD
REGION CODE ADDRESS : 226 POINSETTIA AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 513,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 513,368.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,375.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.05200
----------------------------------------------------------------
0 0031755788 MORTGAGORS: CONE GEORGE
CONE LESLIE
REGION CODE ADDRESS : 26043 SE 26TH CT
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 300,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,152.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031755812 MORTGAGORS: VOGEL DAVID
VOGEL CATHERINE
REGION CODE ADDRESS : 145 BLACKBURN RD
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,546.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.73100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,900.00
P & I AMT: 11,087.45
UPB AMT: 1,628,167.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031756026 MORTGAGORS: DEMARCO CAROLINE
REGION CODE ADDRESS : 6408 OVERBROOK AVE
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19151
MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,014.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031756133 MORTGAGORS: GIBSON ANTONIO
GIBSON MADELINE
REGION CODE ADDRESS : 2842 SINGLETREE COVE
01 CITY : CEDAR HILL
STATE/ZIP : TX 75104
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,798.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.74600
----------------------------------------------------------------
0 0031756307 MORTGAGORS: DE MARCO ROBERT
DE MARCO TAMARA
REGION CODE ADDRESS : 1649 BRITTAN AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 317,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,568.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.45000
----------------------------------------------------------------
0 0031756422 MORTGAGORS: TOLER KATHY
REGION CODE ADDRESS : 4924 HOLLY TREE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 268,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,130.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 86.56400
----------------------------------------------------------------
0 0031756448 MORTGAGORS: LONGO JOSEPH
LONGO TRACY
REGION CODE ADDRESS : 4631 VIA GRANDE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 330,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,169.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,412,050.00
P & I AMT: 9,531.90
UPB AMT: 1,409,681.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031756562 MORTGAGORS: RAEBURN ROY
RAEBURN CHARMION
REGION CODE ADDRESS : 10 OLD CHESTER ROAD
01 CITY : ESSEX FELLS
STATE/ZIP : NJ 07021
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.81400
----------------------------------------------------------------
0 0031756588 MORTGAGORS: SCRIBNER JAY
SCRIBNER CARROLL
REGION CODE ADDRESS : 21 ALLEN STREET
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,152.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031756661 MORTGAGORS: JACOBS DONALD
JULSRUD JILL
REGION CODE ADDRESS : 19014 FIRETHORN POINTE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 786,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 785,445.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,631.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 74.85700
----------------------------------------------------------------
0 0031756679 MORTGAGORS: DOKKEN DANA
DOKKEN LAURA
REGION CODE ADDRESS : 10080 LONGVIEW DRIVE
01 CITY : LITTLETON
STATE/ZIP : CO 80123
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,733.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.74200
----------------------------------------------------------------
0 0031756992 MORTGAGORS: BODEN STEVEN
BODEN SARAH
REGION CODE ADDRESS : 18 WALSH DRIVE
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,007.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.51600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,391,000.00
P & I AMT: 16,973.34
UPB AMT: 2,389,186.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031757669 MORTGAGORS: PERKINS TIM
PERKINS DANETTE
REGION CODE ADDRESS : 18 SPRING VIEW WAY
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 248,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,651.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031757891 MORTGAGORS: BURZAK THOMAS
BURZAK JANET
REGION CODE ADDRESS : 522 WHITETAIL CIRCLE
01 CITY : HAMPSHIRE
STATE/ZIP : IL 60140
MORTGAGE AMOUNT : 244,077.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,886.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031758105 MORTGAGORS: GOH KING
PEK BING
REGION CODE ADDRESS : 25 SPRING VIEW WAY
01 CITY : LAS FLORES
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 260,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,086.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031758246 MORTGAGORS: RIOS ROBERT
REGION CODE ADDRESS : 3513 N SAN MIGUEL ST
01 CITY : TAMPA
STATE/ZIP : FL 33629
MORTGAGE AMOUNT : 265,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,697.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,836.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031758576 MORTGAGORS: SONGER NEIL
REGION CODE ADDRESS : 996 CAPITOLA WAY
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,726.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.13900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,387,127.00
P & I AMT: 9,483.00
UPB AMT: 1,386,048.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031758584 MORTGAGORS: CICCONE ROBERT
CICCONE COLBY
REGION CODE ADDRESS : 6 POINTERS RIDGE
01 CITY : FREDERICKSBURG
STATE/ZIP : VA 22405
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,169.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031758840 MORTGAGORS: MATSON STEPHEN
MATSON FRANCES
REGION CODE ADDRESS : 36 OLD COLONY ROAD
01 CITY : BERNARDSVILLE
STATE/ZIP : NJ 07924
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,558.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.63800
----------------------------------------------------------------
0 0031758865 MORTGAGORS: THURSTON SHEILA
REGION CODE ADDRESS : 35 BEACH ROAD
01 CITY : OSSINING
STATE/ZIP : NY 10562
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,470.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.70500
----------------------------------------------------------------
0 0031758873 MORTGAGORS: BALCH MICHAEL
BALCH BETHANY
REGION CODE ADDRESS : 142 BUCKINGHAM ROAD
01 CITY : MONTCLAIR TOWNSHIP
STATE/ZIP : NJ 07043
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,422.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031758980 MORTGAGORS: BOND TONY
BOND TAMMIE
REGION CODE ADDRESS : 20878 GARDENGATE CIRCLE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 249,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,055.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.63600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,359,850.00
P & I AMT: 9,257.01
UPB AMT: 1,357,677.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031759459 MORTGAGORS: CROW DAVID
CROW MARGARET
REGION CODE ADDRESS : 5930 LONG ISLAND DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30028
MORTGAGE AMOUNT : 840,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 838,652.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,659.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 70.00000
----------------------------------------------------------------
0 0031759467 MORTGAGORS: MULLER JEFFREY
MULLER STEPHANIE
REGION CODE ADDRESS : 36 HERITAGE LANE
01 CITY : STOW
STATE/ZIP : MA 01775
MORTGAGE AMOUNT : 328,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,124.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,157.35 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.70800
----------------------------------------------------------------
0 0031759582 MORTGAGORS: MUISE ROY
MUISE KATHLEEN
REGION CODE ADDRESS : 2 HICKORY DRIVE
01 CITY : MEDWAY
STATE/ZIP : MA 02053
MORTGAGE AMOUNT : 310,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,669.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,173.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99500
----------------------------------------------------------------
0 0031759608 MORTGAGORS: HILL LINDA
HILL DAVID
REGION CODE ADDRESS : 83 THORNTON ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02492
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,969.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031759624 MORTGAGORS: MOORE PETER
MOORE BERNICE
REGION CODE ADDRESS : 6 HICKORY DRIVE
01 CITY : MEDFIELD
STATE/ZIP : MA 02052
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,739.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,369.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.86000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,089,500.00
P & I AMT: 14,092.53
UPB AMT: 2,087,154.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031759814 MORTGAGORS: GRAY ROLAND
BURKE GERALYN
REGION CODE ADDRESS : 17 LOWELL STREET
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,613.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,021.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 47.42200
----------------------------------------------------------------
0 0031759913 MORTGAGORS: PARAS NICHOLAS
PARAS KAREN
REGION CODE ADDRESS : 49 APPIAN WAY
01 CITY : BARRINGTON
STATE/ZIP : RI 02806
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,681.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,783.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.19900
----------------------------------------------------------------
0 0031760036 MORTGAGORS: SELTZER DAVID
SELTZER CHERYL
REGION CODE ADDRESS : 505 CASITA WAY
01 CITY : LOS ALTOS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,700.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.24400
----------------------------------------------------------------
0 0031760192 MORTGAGORS: HERSKOWITZ GARY
HERSKOWITZ LISA
REGION CODE ADDRESS : 366 ORENDA CIRCLE
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031760390 MORTGAGORS: BRUNYE BARRY
BRUNYE LAURIE
REGION CODE ADDRESS : 1138 CANDLEWOOD LANE
01 CITY : EL CAJON
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.61100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,812,000.00
P & I AMT: 12,311.51
UPB AMT: 1,810,618.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031760804 MORTGAGORS: MELTVEDT ERICH
REGION CODE ADDRESS : 309 WALNUT STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
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 : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.88300
----------------------------------------------------------------
0 0031760812 MORTGAGORS: HAMLIN JAY
HAMLIN DIANE
REGION CODE ADDRESS : 9450 FUERTE DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,220.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031760994 MORTGAGORS: WELCH MICHAEL
WELCH HOLLY
REGION CODE ADDRESS : 78 ROCKROSE
01 CITY : ALISO VIEJO AREA
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,461.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031761034 MORTGAGORS: THOMAS ERNIE
THOMAS FELICE
REGION CODE ADDRESS : 108 ST VINCENT COURT
01 CITY : CHERRY HILL
STATE/ZIP : NJ 08003
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,780.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031761158 MORTGAGORS: NUNN DAVID
REGION CODE ADDRESS : 960 DUG HILL RD
01 CITY : BROWNSBORO
STATE/ZIP : AL 35741
MORTGAGE AMOUNT : 418,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,165.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,819.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.38400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,900.00
P & I AMT: 10,683.11
UPB AMT: 1,557,219.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031761182 MORTGAGORS: LEEGAN MICHAEL
LEEGAN TARA
REGION CODE ADDRESS : 6809 BLUECURL CIRCLE
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22152
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,559.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031761265 MORTGAGORS: HARDY LAWRENCE
HARDY LINDA
REGION CODE ADDRESS : 1524 NORTH JEFFERSON ST.
01 CITY : ARLINGTON
STATE/ZIP : VA 22205
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,526.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031761638 MORTGAGORS: NALIN CAROL
REGION CODE ADDRESS : 16411 OTSEGO STREET
01 CITY : ENCINO AREA
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,744.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 55.17200
----------------------------------------------------------------
0 0031761646 MORTGAGORS: MEHTA SANDEEP
REGION CODE ADDRESS : 505 NORTHLAND RIDGE COURT
01 CITY : ATLANTA
STATE/ZIP : GA 30242
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,491.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
0 0031761703 MORTGAGORS: SHEMSHAKI KAMRAN
REGION CODE ADDRESS : 18516 NORTHEAST 26TH STREET
01 CITY : REDMOND
STATE/ZIP : WA 98052
MORTGAGE AMOUNT : 292,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,893.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,100.00
P & I AMT: 10,164.71
UPB AMT: 1,491,215.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031761729 MORTGAGORS: MURRAY CAROL
MURRAY JAMES
REGION CODE ADDRESS : 60 SPORT HILL ROAD
01 CITY : REDDING
STATE/ZIP : CT 06896
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,790.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.88400
----------------------------------------------------------------
0 0031762099 MORTGAGORS: CHANG CHRISTINE
MCLEAN PATRICK
REGION CODE ADDRESS : 2110 BUENA VISTA AVENUE
01 CITY : HEADLSBURG
STATE/ZIP : CA 95448
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,267.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.05 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.88600
----------------------------------------------------------------
0 0031762198 MORTGAGORS: MEISSNER LINDA
REGION CODE ADDRESS : 1275 HOOVER STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,517.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031763212 MORTGAGORS: CUOMO PETER
CUOMO LORI
REGION CODE ADDRESS : 7409 CLIFTON QUARRY DRIVE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 331,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,806.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031763568 MORTGAGORS: DURFEY EDWARD
FRIEND COREEN
REGION CODE ADDRESS : 3511 CORET ESPERANZA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 543,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,356.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,848.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,756,200.00
P & I AMT: 12,019.89
UPB AMT: 1,753,739.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031763782 MORTGAGORS: NARANJO EDGARDO
NARANJO SUSAN
REGION CODE ADDRESS : 1048 GALDAR PLACE
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 271,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,348.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99400
----------------------------------------------------------------
0 0031764152 MORTGAGORS: YAZIGI SALIM
YAZIGI LINA
REGION CODE ADDRESS : 27 CHESTER DRIVE
01 CITY : RYE
STATE/ZIP : NY 10580
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,308.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,369.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031764335 MORTGAGORS: SIZER ROBERT
SIZER DENISE
REGION CODE ADDRESS : 976 PIPPIN COURT
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,980.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.97600
----------------------------------------------------------------
0 0031764582 MORTGAGORS: HALFPENNY JAMES
REGION CODE ADDRESS : 156 WEST WATERVIEW STREET
01 CITY : NORTHPORT
STATE/ZIP : NY 11768
MORTGAGE AMOUNT : 363,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,343.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031764764 MORTGAGORS: O'LEARY TIMOTHY
O'LEARY MICHELLE
REGION CODE ADDRESS : 1 CARILLON PLACE
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,306.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 91.13200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,614,650.00
P & I AMT: 11,287.05
UPB AMT: 1,612,288.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031764772 MORTGAGORS: SHOBOLA KENNETH
REGION CODE ADDRESS : 16008 MUIRFIELD DRIVE
01 CITY : ODESSA
STATE/ZIP : FL 33556
MORTGAGE AMOUNT : 248,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,901.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.60700
----------------------------------------------------------------
0 0031764780 MORTGAGORS: BRIDENSTINE THEODORE
BRIDENSTINE LORI
REGION CODE ADDRESS : 17829 STEADING ROAD
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 266,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,686.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031764913 MORTGAGORS: ROTH LAWRENCE
ROTH GAIL
REGION CODE ADDRESS : 3350 WOODVIEW DRIVE,
01 CITY : LAFAYETTE,
STATE/ZIP : CA 94549
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 : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.19200
----------------------------------------------------------------
0 0031764996 MORTGAGORS: RANDALL LARRY
RANDALL KAREN
REGION CODE ADDRESS : 1805 PACIFIC AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,038.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,069.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.26000
----------------------------------------------------------------
0 0031765290 MORTGAGORS: JONES CHARLES
JONES MARY
REGION CODE ADDRESS : 5707 SW RIDGETOP COURT
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97035
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,377.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,648,750.00
P & I AMT: 11,337.26
UPB AMT: 1,646,365.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031765522 MORTGAGORS: MORGAN ANNIS
MORGAN SUSAN
REGION CODE ADDRESS : 2441 OLDFIELD ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 434,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 433,836.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,000.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.41600
----------------------------------------------------------------
0 0031765548 MORTGAGORS: MOORE JOHN
MOORE EVELYN
REGION CODE ADDRESS : 10903 JOHN BARLEYCORN ROAD
01 CITY : NEVADA CITY
STATE/ZIP : CA 95959
MORTGAGE AMOUNT : 289,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,990.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031765647 MORTGAGORS: HULBERT WILLIAM
REGION CODE ADDRESS : 770 BROOKLINE TRACE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,776.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031765852 MORTGAGORS: HAYAO GEORGE
REGION CODE ADDRESS : 236 MARLBOROUGH STREET, UNIT #3
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.18100
----------------------------------------------------------------
0 0031766066 MORTGAGORS: ANGELICH JAMES
ANGELICH ELVIRA
REGION CODE ADDRESS : 702 FOLKSTONE AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,586,700.00
P & I AMT: 10,962.20
UPB AMT: 1,585,381.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031766355 MORTGAGORS: VENEZIA STEVEN
REGION CODE ADDRESS : 5406 MOONSHADOW STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 269,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,473.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031766744 MORTGAGORS: SAN GEORGE RICHARD
REGION CODE ADDRESS : 12 SOUTH SHAKER ROAD,
01 CITY : HARVARD,
STATE/ZIP : MA 01451
MORTGAGE AMOUNT : 332,720.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,466.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,298.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.59800
----------------------------------------------------------------
0 0031766793 MORTGAGORS: HOLCOMBE SCOTT
HOLCOMBE EILEEN
REGION CODE ADDRESS : 19 FIVE MILE RIVER RD
01 CITY : DARIEN
STATE/ZIP : CT 06820
MORTGAGE AMOUNT : 405,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,191.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,800.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 49.15100
----------------------------------------------------------------
0 0031767320 MORTGAGORS: SCHULTE GARY
SCHULTE BARBARA
REGION CODE ADDRESS : 7552 MEADOW COURT
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,647.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,860.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.18100
----------------------------------------------------------------
0 0031767445 MORTGAGORS: YAO MICHAEL
WU MENG
REGION CODE ADDRESS : 70 BRADFORD LANE
01 CITY : PLAINSBORO
STATE/ZIP : NJ 08536
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,002.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.76766
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,685,120.00
P & I AMT: 11,396.68
UPB AMT: 1,683,781.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031767759 MORTGAGORS: BINNIX GEORGE
BINNIX JULIE
REGION CODE ADDRESS : 6021 CATAMARAN COURT
01 CITY : FLOWERY BRANCH
STATE/ZIP : GA 30542
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,753.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.06900
----------------------------------------------------------------
0 0031768229 MORTGAGORS: DURBECK RICHARD
DURBECK LISA
REGION CODE ADDRESS : 75 WILD ROSE DRIVE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,759.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.66100
----------------------------------------------------------------
0 0031768310 MORTGAGORS: KODAMA YOSHIHIKO
KODAMA SANDRA
REGION CODE ADDRESS : 10901 SOUTH VIDA DRIVE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,686.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.17300
----------------------------------------------------------------
0 0031768468 MORTGAGORS: MANALO GEORGE
MANALO MARIA FATIMA
REGION CODE ADDRESS : 1448 WINDROW LANE
01 CITY : LOWER MAKEFIELD,
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,753.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.92300
----------------------------------------------------------------
0 0031769094 MORTGAGORS: BARRY DONALD
LECCESE-BARRY THERESA
REGION CODE ADDRESS : 14 WASHINGTON ROAD
01 CITY : WINDHAM
STATE/ZIP : NH 03087
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.52900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,628,000.00
P & I AMT: 11,174.68
UPB AMT: 1,626,954.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031769193 MORTGAGORS: MCNAMARA PATRICK
REGION CODE ADDRESS : 7 BRYDEN PARK
01 CITY : WEBSTER
STATE/ZIP : NY 14580
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 : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031769300 MORTGAGORS: MEYERS CHARLES
MEYERS ELIZABETH
REGION CODE ADDRESS : 4575 KINGS ABBOT WAY
01 CITY : NORCROSS,
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,776.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031769334 MORTGAGORS: BERKOW STEVEN
BERKOW ITA
REGION CODE ADDRESS : 7820 MOORLAND LANE
01 CITY : BETHESDA
STATE/ZIP : MD 20814
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,753.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.37 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.88200
----------------------------------------------------------------
0 0031769342 MORTGAGORS: IANNARONE PHILIP
IANNARONE VICTORIA
REGION CODE ADDRESS : 8 COUNTRY VIEW DRIVE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.76000
----------------------------------------------------------------
0 0031769805 MORTGAGORS: BROWN ROBERT
BROWN LYDIA
REGION CODE ADDRESS : 1915 CHAPARELL COURT
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,669.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,111.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.16600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,638,000.00
P & I AMT: 11,228.88
UPB AMT: 1,636,732.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031770167 MORTGAGORS: JANNOL HENRY
JANNOL MIRYAM
REGION CODE ADDRESS : 6671 WEST 5TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
0 0031770282 MORTGAGORS: ZARO CHRISTOPHER
ZARO MEG
REGION CODE ADDRESS : 72 CHESTERFIELD LANE
01 CITY : MALVERN
STATE/ZIP : PA 19355
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.18500
----------------------------------------------------------------
0 0031770399 MORTGAGORS: DE FAZIO DEBORAH
REGION CODE ADDRESS : 2535 AQUETONG ROAD
01 CITY : NEW HOPE
STATE/ZIP : PA 18938
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,216.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,958.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97100
----------------------------------------------------------------
0 0031770787 MORTGAGORS: DEHNE THEODORE
PROFY VICTORIA
REGION CODE ADDRESS : RD #2 CREEK ROAD, AKA TWO PINE TREE
01 CITY : PHOENIXVILLE
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 308,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,509.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031771439 MORTGAGORS: KRAMER DAVID
KRAMER TINA
REGION CODE ADDRESS : 16305 TUDOR DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 539,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 538,609.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,815.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,077,650.00
P & I AMT: 14,415.71
UPB AMT: 2,074,607.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031771819 MORTGAGORS: YOUNG DONALD
RYDSTROM MARSHA
REGION CODE ADDRESS : 6109 TROTTER RIDGE COURT
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 276,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,317.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.74 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031771850 MORTGAGORS: WEIDHAAS OLAF
WEIDHAAS DEBORAH
REGION CODE ADDRESS : 5 EDWARD DUNN WAY LOT 12
01 CITY : WESTBOROUGH
STATE/ZIP : MA 01581
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031772056 MORTGAGORS: GRISHAW EDWARD
REGION CODE ADDRESS : 136 BENT CREEK DRIVE,
01 CITY : RUTHERFORDTON,
STATE/ZIP : NC 28139
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,278.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 93.63600
----------------------------------------------------------------
0 0031772114 MORTGAGORS: BROWN HARRY
BROWN MARIA
REGION CODE ADDRESS : 876 PENINSULA AVENUE
01 CITY : CLAREMONT
STATE/ZIP : CA 91711
MORTGAGE AMOUNT : 543,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,315.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,663.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031772189 MORTGAGORS: MC GUIRE CHARLES
MC GUIRE ELEANOR
REGION CODE ADDRESS : 1831 YOLANDA CIRCLE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,813.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.18100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,627,800.00
P & I AMT: 10,968.28
UPB AMT: 1,626,724.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031772247 MORTGAGORS: DUGDALE LORI
REGION CODE ADDRESS : 5235 LAKE WASHINGTON BLVD S
01 CITY : SEATTLE
STATE/ZIP : WA 98118
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 : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0031773195 MORTGAGORS: DARIO EVELYN
DARIO ANTONIO
REGION CODE ADDRESS : 342 BELLEVUE AVENUE
01 CITY : DALY CITY
STATE/ZIP : CA 94014
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031773344 MORTGAGORS: RUMAN MARILYN
REGION CODE ADDRESS : 101 OCEAN AVENUE F401
01 CITY : SANTA MONICA AREA LOS ANG
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,712.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,140.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031773542 MORTGAGORS: BECHTOLD JAMES
BECHTOLD CYNTHIA
REGION CODE ADDRESS : 10N889 WOODROW LANE
01 CITY : ELGIN
STATE/ZIP : IL 60123
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,544.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.60000
----------------------------------------------------------------
0 0031773591 MORTGAGORS: MURTHY VASUDEVA
MURTHY SHASIKALA
REGION CODE ADDRESS : 11413 POTOMAC OAKS DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.87900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,665,000.00
P & I AMT: 11,598.91
UPB AMT: 1,664,042.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031773682 MORTGAGORS: HILT STEPHEN
FENTON GREGORY
REGION CODE ADDRESS : 315 RESERVOIR ROAD
01 CITY : CHESTNUT HILL
STATE/ZIP : MA 02467
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,178.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031773740 MORTGAGORS: BATES MICHAEL
BATES MARCIA
REGION CODE ADDRESS : 10808 BROKEN BROOK COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78726
MORTGAGE AMOUNT : 248,477.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,268.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.32 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031773898 MORTGAGORS: SHAW MATHEW
SHAW JULEEN
REGION CODE ADDRESS : 1532 SUNSET AVENUE SOUTHWEST
01 CITY : SEATTLE
STATE/ZIP : WA 98116
MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,887.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,635.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031774599 MORTGAGORS: NIETO ADRIAN
NIETO VERONICA
REGION CODE ADDRESS : 4510 WARING STREET
01 CITY : HOUSTON
STATE/ZIP : TX 77027
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,841.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031774946 MORTGAGORS: HIRSH STEVEN
HIRSH IDA
REGION CODE ADDRESS : 15 JOYCE ROAD
01 CITY : TENAFLY
STATE/ZIP : NJ 07670
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,781.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.19000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,480,327.00
P & I AMT: 10,052.89
UPB AMT: 1,478,955.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031775596 MORTGAGORS: PARSONS MARK
PARSONS DEHLIA
REGION CODE ADDRESS : 2107 BRANCH CREEK STREET
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93312
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,808.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.38400
----------------------------------------------------------------
0 0031775695 MORTGAGORS: MARLOWE IAN
REGION CODE ADDRESS : 30432 NORTH HAMPTON ROAD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 295,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,580.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031775737 MORTGAGORS: PORESKY PHILLIP
PORESKY JODIE
REGION CODE ADDRESS : 57 CURVE STREET
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
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 : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031775851 MORTGAGORS: FOROUTAN ROKHSHAN
FOROUTAN HASTI
REGION CODE ADDRESS : 7349 E SADDLEHORN WAY
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,710.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,438.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.21000
----------------------------------------------------------------
0 0031775893 MORTGAGORS: LAI CLIFFORD
LAI DIANE
REGION CODE ADDRESS : 15 CROFTS LANE
01 CITY : STAMFORD
STATE/ZIP : CT 06903
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,621.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,439.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.88000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,701,800.00
P & I AMT: 11,789.12
UPB AMT: 1,700,512.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031776032 MORTGAGORS: LARSON LARRY
LARSON SHARON
REGION CODE ADDRESS : 1136 LUCERNE WAY
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031776073 MORTGAGORS: SANDRIN COLLEEN
REGION CODE ADDRESS : 202 KNOXVILLE AVENUE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,749.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031776180 MORTGAGORS: SPARKS RONALD
SPARKS KAREN
REGION CODE ADDRESS : 3 LAUREL DRIVE
01 CITY : WENHAM
STATE/ZIP : MA 01984
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,668.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031776503 MORTGAGORS: KIESSIG RICHARD
KIESSIG LYNNE
REGION CODE ADDRESS : 888 NANCY LANE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 835,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 834,364.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,767.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 015
LTV : 64.23000
----------------------------------------------------------------
0 0031776537 MORTGAGORS: ANDERSEN BRITT
REGION CODE ADDRESS : 1227 WEST 14TH STREET
01 CITY : SAN PEDRO AREA
STATE/ZIP : CA 90731
MORTGAGE AMOUNT : 256,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,039.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.33333
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,045,250.00
P & I AMT: 13,819.03
UPB AMT: 2,043,619.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031776685 MORTGAGORS: BUTLER DENNIS
BUTLER CATHY
REGION CODE ADDRESS : 1 HARBORVIEW DRIVE
01 CITY : RICHMOND
STATE/ZIP : CA 94804
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.89472
----------------------------------------------------------------
0 0031776859 MORTGAGORS: SCHULDINER PAUL
SCHULDINER JACQUELINE
REGION CODE ADDRESS : 109 OAKRIDGE ROAD
01 CITY : VERONA
STATE/ZIP : NJ 07044
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.10400
----------------------------------------------------------------
0 0031776941 MORTGAGORS: ISRAELIT SAM
ISRAELIT LYNN
REGION CODE ADDRESS : 20 APPLEGARTH STREET
01 CITY : NEWTON
STATE/ZIP : MA 02459
MORTGAGE AMOUNT : 493,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,239.98 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031777717 MORTGAGORS: GRIFFITH DOUGLAS
GRIFFITH JOAN
REGION CODE ADDRESS : 41 ST. FRANCIS CIRCLE
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 394,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,307.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.62100
----------------------------------------------------------------
0 0031778905 MORTGAGORS: WERNER JAY
REGION CODE ADDRESS : 5439 MORELLA AVENUE
01 CITY : LOS ANGELES VALLEY VILLAG
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,800.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,667,800.00
P & I AMT: 11,302.17
UPB AMT: 1,666,892.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031778970 MORTGAGORS: GIACOMAZZI R.
GIACOMAZZI W.
REGION CODE ADDRESS : 1703 LOGAN CREEK DRIVE
01 CITY : GLENBROOK
STATE/ZIP : NV 89413
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,620.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,200.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.63000
----------------------------------------------------------------
0 0031779036 MORTGAGORS: LUBOW ADAM
REGION CODE ADDRESS : 852 BONITA AVENUE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,540.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031779275 MORTGAGORS: SILMAN RUTH
CLARK TIMOTHY
REGION CODE ADDRESS : 114 BOLTON ROAD
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 : 1,786.85 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031779507 MORTGAGORS: MARSHALL JONATHAN
GOLDSTEIN LAURIE
REGION CODE ADDRESS : 822 PRAIRIE AVENUE
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 610,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 610,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,109.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031779515 MORTGAGORS: MARZELLA RICHARD
LASALLE DENISE
REGION CODE ADDRESS : 26133 HATMOR DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,897,000.00
P & I AMT: 12,756.77
UPB AMT: 1,895,958.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031779697 MORTGAGORS: YEHOSHUA REUVEN
YEHOSHUA TAMAR
REGION CODE ADDRESS : 1414 ENDERBY WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 270,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,399.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.72900
----------------------------------------------------------------
0 0031780687 MORTGAGORS: MENSINGER MERLE
MENSINGER BETTY
REGION CODE ADDRESS : 24780 LOWER TRAIL
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 334,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,045.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,308.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.64900
----------------------------------------------------------------
0 0031780851 MORTGAGORS: SANEI ABDULALI
NADJMABADI MEHRI
REGION CODE ADDRESS : 13234 BRADDOCK ROAD
01 CITY : CLIFTON
STATE/ZIP : VA 22004
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,107.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031780950 MORTGAGORS: RABSTEIN PAUL
LEHMAN JACK
REGION CODE ADDRESS : 13 COPPER BEECH LANE
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 323,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.01800
----------------------------------------------------------------
0 0031780992 MORTGAGORS: ZIEBA WIESLAW
REGION CODE ADDRESS : 281 VALLE VISTA AVENUE
01 CITY : MONROVIA
STATE/ZIP : CA 91016
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,612.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,432,800.00
P & I AMT: 9,872.36
UPB AMT: 1,431,565.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031781099 MORTGAGORS: COHEN ALLAN
COHEN JOANNE
REGION CODE ADDRESS : 15325 DELGADO DRIVEE
01 CITY : SHERMAN OAKS AREA
STATE/ZIP : CA 91403
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,420.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 56.07400
----------------------------------------------------------------
0 0031781248 MORTGAGORS: SAAD MICHAEL
SAAD ANDREA
REGION CODE ADDRESS : 3328 BROWNING STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.63400
----------------------------------------------------------------
0 0031781412 MORTGAGORS: AMII GLENN
AMII CHARLOTTE
REGION CODE ADDRESS : 2188 HALAKAU STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96821
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,703.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 52.91300
----------------------------------------------------------------
0 0031781602 MORTGAGORS: BALTER LARA
BALTER STEPHEN
REGION CODE ADDRESS : 14 CATHERINE'S FARM ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031782055 MORTGAGORS: BROOKS H.
BROOKS ROCHELLE
REGION CODE ADDRESS : 1840 NORTH BEVERLY DRIVE
01 CITY : (BEVERLY HILLS AREA)LOS A
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,058.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.96500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,691,000.00
P & I AMT: 11,447.87
UPB AMT: 1,688,985.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031782428 MORTGAGORS: DOWLING KEVIN
DOWLING KATHLEEN
REGION CODE ADDRESS : 117 BELVALE DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,666.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.12000
----------------------------------------------------------------
0 0031782477 MORTGAGORS: CATALANO MICHAEL
PEREZ-CATALANO PATRICIA
REGION CODE ADDRESS : 130 CHASE LANE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,760.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.20000
----------------------------------------------------------------
0 0031783061 MORTGAGORS: BENNETT ROBERT
BENNETT KIMBERLY
REGION CODE ADDRESS : 7034 CORTE BLANCA
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,697.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031783079 MORTGAGORS: TERRIZZANO IGNACIO
TERRIZZANO CLAUDIA
REGION CODE ADDRESS : 1585 CORTE DE PEARSON
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,806.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.72727
----------------------------------------------------------------
0 0031783087 MORTGAGORS: NETTAR DEEPAK
NETTAR PRAMILA
REGION CODE ADDRESS : 1063 MICRO COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 499,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,629.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,489.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.53300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,879,000.00
P & I AMT: 12,940.81
UPB AMT: 1,877,560.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031783285 MORTGAGORS: ROTOLO SALVATORE
REGION CODE ADDRESS : 39 SUNNYSIDE AVENUE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,778.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.81600
----------------------------------------------------------------
0 0031783301 MORTGAGORS: NAULT DAVID
NAULT ANNELIESE
REGION CODE ADDRESS : 22 DONNA ROAD
01 CITY : BILLERICA
STATE/ZIP : MA 01862
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,695.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.31200
----------------------------------------------------------------
0 0031783319 MORTGAGORS: SELLS GINA
REGION CODE ADDRESS : 23919 SKYLINE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.28200
----------------------------------------------------------------
0 0031783442 MORTGAGORS: ALTAMIRANO RENEE
ALTAMIRANO LILLIAN
REGION CODE ADDRESS : 4350 ALTAMIRANO WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.85700
----------------------------------------------------------------
0 0031783582 MORTGAGORS: QUATTROCHI THOMAS
QUATTROCHI ELIZABETH
REGION CODE ADDRESS : 23 OLD KINGS ROAD
01 CITY : AVON
STATE/ZIP : CT 06001
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,513,500.00
P & I AMT: 10,531.86
UPB AMT: 1,512,239.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031783608 MORTGAGORS: TUSAN CHARLENE
REGION CODE ADDRESS : 12608 BEAR CREEK TERRACE
01 CITY : BELTSVILLE
STATE/ZIP : MD 20705
MORTGAGE AMOUNT : 278,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,833.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.92900
----------------------------------------------------------------
0 0031783715 MORTGAGORS: HO NEI-CHE
CHANG ROBYN
REGION CODE ADDRESS : 755 LEYLAND DRIVE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,206.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031783723 MORTGAGORS: ANSELL GERALD
ANSELL MARLENE
REGION CODE ADDRESS : 2455 ANGELO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,627.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,027.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031783731 MORTGAGORS: PARNELL MICHAEL
PARNELL DAYNA
REGION CODE ADDRESS : 5921 EAST TETON AVENUE,
01 CITY : ORANGE,
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 257,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,603.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.72400
----------------------------------------------------------------
0 0031783756 MORTGAGORS: SANTINI GREGORY
SANTINI GAIL
REGION CODE ADDRESS : 1499 SKILLMAN LANE,
01 CITY : PETALUMA,
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,801.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 48.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,500,250.00
P & I AMT: 10,204.48
UPB AMT: 1,499,071.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031783848 MORTGAGORS: JABSON JEROME
REGION CODE ADDRESS : 12 OUTLOOK CIRCLE
01 CITY : PACIFICA
STATE/ZIP : CA 94044
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.91000
----------------------------------------------------------------
0 0031783889 MORTGAGORS: SNEAD RICHARD
SNEAD MARILYN
REGION CODE ADDRESS : 11 RYDDINGTRON PLACE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,640.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.95600
----------------------------------------------------------------
0 0031783947 MORTGAGORS: EDWARDS NORMAN
EDWARDS KAREN
REGION CODE ADDRESS : 4070 ATHENIAN WAY
01 CITY : LOS ANGELES
STATE/ZIP : CA 90043
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,776.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031784002 MORTGAGORS: PATEL RAJIV
PATEL GAURI
REGION CODE ADDRESS : 5847 CRUMP COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 369,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,291.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,460.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031784184 MORTGAGORS: THOMAS ROBERT
THOMAS ELIZABETH
REGION CODE ADDRESS : 22040 E.ARBOR DRIVE
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,640.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,810,900.00
P & I AMT: 12,191.31
UPB AMT: 1,809,144.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031784200 MORTGAGORS: ANSELMO JOHN
ANSELMO REBECCA
REGION CODE ADDRESS : 289 GREAT DUKE AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89123
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,013.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031784242 MORTGAGORS: WILLIAMSON ROBERT
OWNBEY DONNA
REGION CODE ADDRESS : 5203 FOOTHILL RANCH ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95404
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,697.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,748.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 58.96200
----------------------------------------------------------------
0 0031784325 MORTGAGORS: WOLNICKI MARISHA
WOLNICKI MIRON
REGION CODE ADDRESS : 736 CORNERSTONE LANE,
01 CITY : BRYN MAWR,
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,669.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,118.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.20000
----------------------------------------------------------------
0 0031784382 MORTGAGORS: EKLUND CARL
EKLUND CATHERINE
REGION CODE ADDRESS : 8562 FISHER WOODS DRIVE
01 CITY : LORTON
STATE/ZIP : VA 22079
MORTGAGE AMOUNT : 296,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,400.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031784424 MORTGAGORS: RAGHAVAN SREENIVASA
RAGHAVAN MARTA
REGION CODE ADDRESS : 8941 NOTTINGHAM PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 421,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,179.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,911.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.08600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,880,650.00
P & I AMT: 12,927.17
UPB AMT: 1,878,960.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031784671 MORTGAGORS: CURRIE ELIZABETH
PENARANDA GERMAN
REGION CODE ADDRESS : 13 AVALON COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,442.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031784739 MORTGAGORS: PELTZ HOWARD
PELTZ NADINE
REGION CODE ADDRESS : 6 JACKIE DRIVE
01 CITY : MARLBORO
STATE/ZIP : NJ 07746
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,580.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.46400
----------------------------------------------------------------
0 0031784879 MORTGAGORS: NGUYEN PETER
NGUYEN HANG
REGION CODE ADDRESS : 2647 SEQUOIA CREEK DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 430,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,676.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.93300
----------------------------------------------------------------
0 0031785272 MORTGAGORS: KARP MICHAEL
KARP SUSAN
REGION CODE ADDRESS : 1577 PARKVIEW DRIVE
01 CITY : VISTA
STATE/ZIP : CA 92083
MORTGAGE AMOUNT : 378,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,468.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,648.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031785413 MORTGAGORS: SANGSTER MAYNARD
SANGSTER LORIE
REGION CODE ADDRESS : 19 PLANTATION DRIVE
01 CITY : DUXBURY
STATE/ZIP : MA 02332
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 : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.13400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,748,100.00
P & I AMT: 12,159.12
UPB AMT: 1,745,751.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031785470 MORTGAGORS: KATZ NATHANIEL
KATZ JENNIFER
REGION CODE ADDRESS : 26 HIGHGATE ROAD
01 CITY : NEEDHAM
STATE/ZIP : MA 02492
MORTGAGE AMOUNT : 341,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031785504 MORTGAGORS: NEEL MICHAEL
REGION CODE ADDRESS : 437 D STREET UNIT #7G
01 CITY : SOUTH BOSTON
STATE/ZIP : MA 02210
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.24200
----------------------------------------------------------------
0 0031785561 MORTGAGORS: MERKEN ANDREW
MERKEN GAIL
REGION CODE ADDRESS : 111 DAWSON DRIVE
01 CITY : NEEDHAM
STATE/ZIP : MA 02492
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.85700
----------------------------------------------------------------
0 0031785637 MORTGAGORS: CAPRICCIO LEWIS
CAPRICCIO MAURA
REGION CODE ADDRESS : 14 JENNIE RICHARDS ROAD
01 CITY : WESTFORD
STATE/ZIP : MA 01886
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,732.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 63.13800
----------------------------------------------------------------
0 0031785678 MORTGAGORS: ALPERT KRISTIN
ANGEL-AVILA FRANCISCO
REGION CODE ADDRESS : 7868 PASEO TULIPERO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 272,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,312.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,424,000.00
P & I AMT: 9,577.16
UPB AMT: 1,423,295.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031785884 MORTGAGORS: GOETZ GORDON
GOETZ HEIDI
REGION CODE ADDRESS : 5755 ANTELOPE TRAIL
01 CITY : SANTA MARIA
STATE/ZIP : CA 93455
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.55223
----------------------------------------------------------------
0 0031786197 MORTGAGORS: SINGH RAJENDRA
SINGH SNEH
REGION CODE ADDRESS : 1438 GREEN STREET #7B
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94109
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.88400
----------------------------------------------------------------
0 0031786296 MORTGAGORS: TILLMAN DAVID
ZOLLER KAREN
REGION CODE ADDRESS : 5544 EAST THE TOLEDO
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 720,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 719,424.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,850.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 62.60800
----------------------------------------------------------------
0 0031786361 MORTGAGORS: CONSTANTINESCU BRUNO
CONSTANTINESCU JASMINE
REGION CODE ADDRESS : 3635 OLEANDER DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,798.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0031786452 MORTGAGORS: RITCHIE GARY
RITCHIE DEBRA
REGION CODE ADDRESS : 5223 ATOLL AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,767.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.58400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,901,000.00
P & I AMT: 12,935.20
UPB AMT: 1,899,508.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031786502 MORTGAGORS: STRONG AMY
REGION CODE ADDRESS : 1024 GRANVIA ALTAMIRA
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 595,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,160.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031786577 MORTGAGORS: HLASTALA MICHAEL
HLASTALA MARGARET
REGION CODE ADDRESS : 7393 BRAEMAR DRIVE
01 CITY : EDMONDS
STATE/ZIP : WA 98026
MORTGAGE AMOUNT : 441,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,309.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.69500
----------------------------------------------------------------
0 0031786940 MORTGAGORS: PFEIFFER ROBERT
PFEIFFER VICKI
REGION CODE ADDRESS : 21 FAIRWAY ISLAND
01 CITY : GRASONVILLE
STATE/ZIP : MD 21638
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.81900
----------------------------------------------------------------
0 0031786965 MORTGAGORS: RICHMOND SOLOMON
REGION CODE ADDRESS : 3662 GIDDINGS RANCH ROAD
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 349,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,413.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,326.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031787351 MORTGAGORS: CHEN ZACHARY
CHEN MARTHA
REGION CODE ADDRESS : 5538 ETZLER ROAD
01 CITY : FREDRICK
STATE/ZIP : MD 21702
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,283.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.92500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,928,200.00
P & I AMT: 13,218.63
UPB AMT: 1,926,805.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031787450 MORTGAGORS: MCFARLAND MICHAEL
MCFARLAND L.
REGION CODE ADDRESS : 4920 MIDDLE PIKE
01 CITY : WEST JEFFERSON
STATE/ZIP : OH 43162
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,797.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.31034
----------------------------------------------------------------
0 0031787567 MORTGAGORS: BEHNKEN JAMES
BEHNKEN MARY
REGION CODE ADDRESS : 711 GREENWOOD LANE
01 CITY : PEACHTREE CITY
STATE/ZIP : GA 30269
MORTGAGE AMOUNT : 271,881.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,658.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031787583 MORTGAGORS: BURNTHALL STEPHEN
BURNTHALL KATHLEEN
REGION CODE ADDRESS : 625 HAMPTON BLUFF LANE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,785.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.61000
----------------------------------------------------------------
0 0031787617 MORTGAGORS: LIU SSY
LEE YU
REGION CODE ADDRESS : 28 KARA ROAD
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031787955 MORTGAGORS: ZALEWSKI KENNETH
ZALEWSKI DEBORA
REGION CODE ADDRESS : 55256 HEARTHSIDE DRIVE
01 CITY : SHELBY TWP
STATE/ZIP : MI 48316
MORTGAGE AMOUNT : 250,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,196.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,329,581.00
P & I AMT: 9,049.26
UPB AMT: 1,328,230.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031788235 MORTGAGORS: HUTTER STEPHEN
HUTTER LAURA
REGION CODE ADDRESS : 347 GRIST MILL ROAD
01 CITY : BASKING RIDGE
STATE/ZIP : NJ 07920
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.30600
----------------------------------------------------------------
0 0031788565 MORTGAGORS: LIU THOMAS
DOYLE TERESA
REGION CODE ADDRESS : 1642 KEARSARGE ROAD
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 411,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,178.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,807.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 58.78500
----------------------------------------------------------------
0 0031788573 MORTGAGORS: PERRY GRANT
PERRY LEAH
REGION CODE ADDRESS : 1947 MISRY WOODS DRIVE
01 CITY : DULUTH
STATE/ZIP : GA 30097
MORTGAGE AMOUNT : 248,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,446.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031788664 MORTGAGORS: OWEN JAMES
OWEN DENISE
REGION CODE ADDRESS : 250 REFUGIO ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 477,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,627.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,253.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.51400
----------------------------------------------------------------
0 0031788698 MORTGAGORS: SCHARG LAWRENCE
REGION CODE ADDRESS : 208 MIDLAND WAY
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.41100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,799,150.00
P & I AMT: 12,231.43
UPB AMT: 1,797,980.03
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031788714 MORTGAGORS: HERBERT CHARLES
HERBERT NANCY
REGION CODE ADDRESS : 100 FAIRVIEW AVENUE
01 CITY : PIEDMONT
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 48.07600
----------------------------------------------------------------
0 0031788912 MORTGAGORS: LAGER HENRY
REGION CODE ADDRESS : 44 LAS BRISAS WAY
01 CITY : NAPLES
STATE/ZIP : FL 34108
MORTGAGE AMOUNT : 383,320.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,013.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,582.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031788961 MORTGAGORS: PINCKARD RICHARD
PINCKARD C.
REGION CODE ADDRESS : 11407 CYPRESS TERRACE PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 339,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,634.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.99600
----------------------------------------------------------------
0 0031788979 MORTGAGORS: JAMES WILLIAM
JAMES SYLVIA
REGION CODE ADDRESS : 3500 CHAPELWOOD COURT
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76021
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,177.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.24000
----------------------------------------------------------------
0 0031789027 MORTGAGORS: CHIDAMBARAM VIJAYAKUMAR
CHIDAMBARAM BINEETHA
REGION CODE ADDRESS : 20 SANTA EULALIA
01 CITY : IRVIN
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 313,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,461.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.35400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,565,320.00
P & I AMT: 10,691.54
UPB AMT: 1,564,101.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031789209 MORTGAGORS: MC ALLASTER JACK
MC ALLASTER CAROLE
REGION CODE ADDRESS : 1203 ENGLAND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031789233 MORTGAGORS: AMELI SEAN
AMELI CYNTHIA
REGION CODE ADDRESS : 1871 GREENFIELD AVENUE #201
01 CITY : LOS ANGELES
STATE/ZIP : CA 90025
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031789258 MORTGAGORS: RESA JOLINDA
REGION CODE ADDRESS : 16360 LAS CUMBRES DRIVE
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90603
MORTGAGE AMOUNT : 380,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,188.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,531.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 53.21600
----------------------------------------------------------------
0 0031789332 MORTGAGORS: DITTRICK MICHAEL
DITTRICK LYNN
REGION CODE ADDRESS : 1550 VIRGINIA AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 471,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,091.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,256.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031789340 MORTGAGORS: TYORAN MARK
TYORAN TRACY
REGION CODE ADDRESS : 3952 LEIGHTON POINT ROAD
01 CITY : CALABASAS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,733.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,162.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.16200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,678,950.00
P & I AMT: 11,417.39
UPB AMT: 1,677,630.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031789365 MORTGAGORS: CICINATO DAVID
SENGER STACEY
REGION CODE ADDRESS : 1550 EAST ROOSEVELT ROAD
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,795.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031789373 MORTGAGORS: THAYER JAMES
THAYER CAMILLA
REGION CODE ADDRESS : 232 APTOS PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,693.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031789381 MORTGAGORS: DETTONI JOHN
DETTONI CAROL
REGION CODE ADDRESS : 311 WEST AVENIDA GAVIOTA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,795.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 42.73500
----------------------------------------------------------------
0 0031789407 MORTGAGORS: MAMER JEFFREY
LOEB PEGGETH
REGION CODE ADDRESS : 260 RIPLEY ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 317,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,252.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.47619
----------------------------------------------------------------
0 0031789480 MORTGAGORS: FRANKLIN RONALD
FRANKLIN MARGARET
REGION CODE ADDRESS : 30 OWL HILL ROAD
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 393,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,793.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,681.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.41400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,600.00
P & I AMT: 10,630.61
UPB AMT: 1,575,329.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031789498 MORTGAGORS: ELLISON KAREN
ELLISON MARK
REGION CODE ADDRESS : 206 BELLFLOWER DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031789506 MORTGAGORS: BIGUS STEVE
BIGUS CATHERINE
REGION CODE ADDRESS : 6426 BEAL COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,741.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031789712 MORTGAGORS: BADER DAVID
BADER CINDY
REGION CODE ADDRESS : 7 WADSWORTH WAY
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,711.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.29700
----------------------------------------------------------------
0 0031789829 MORTGAGORS: CHANG PHILLIP
DEMONGE KAY
REGION CODE ADDRESS : 933 NORTH EUCLID
01 CITY : OAK PARK
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,207.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,680.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031790017 MORTGAGORS: MILLER LARRY
MILLER LORRAINE
REGION CODE ADDRESS : 6002 TOYON TERRACE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,745.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.36500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,400.00
P & I AMT: 10,165.25
UPB AMT: 1,494,224.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031790025 MORTGAGORS: WOLFE MARK
WOLFE JANE
REGION CODE ADDRESS : 1780 AMARELLE STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,745.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031790249 MORTGAGORS: SCHROER RICHARD
SCHROER SUSAN
REGION CODE ADDRESS : 2529 ASCOT DRIVE
01 CITY : FLORENCE
STATE/ZIP : SC 29501
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.84600
----------------------------------------------------------------
0 0031790306 MORTGAGORS: SMITH MICHAEL
SMITH ANGELA
REGION CODE ADDRESS : 15511 HELEN DRIVE
01 CITY : ACCOKEEK
STATE/ZIP : MD 20607
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,686.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00300
----------------------------------------------------------------
0 0031790314 MORTGAGORS: NESTERUK JAMES
CROMER CINDY
REGION CODE ADDRESS : 3 ISLAND WAY
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 282,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,382.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.72500
----------------------------------------------------------------
0 0031790371 MORTGAGORS: SORROWS BRYAN
SORROWS MOLLY
REGION CODE ADDRESS : 285 ACTON STREET
01 CITY : CARLISLE
STATE/ZIP : MA 01741
MORTGAGE AMOUNT : 340,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,506.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,210.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,545,700.00
P & I AMT: 10,370.24
UPB AMT: 1,544,134.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031790603 MORTGAGORS: WOLK JASON
WOLK JEANNE
REGION CODE ADDRESS : 2573 JARDIN PLACE
01 CITY : WESTON
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,764.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.40 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.60000
----------------------------------------------------------------
0 0031791395 MORTGAGORS: GOARD DAWN
REGION CODE ADDRESS : 7755 SOUTH HICKORY PLACE
01 CITY : LITTLETON
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 280,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,586.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031791593 MORTGAGORS: GARRICK CRAIG
GARRICK BARBARA
REGION CODE ADDRESS : 3400 HAVEN WAY
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,658.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,340.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031791668 MORTGAGORS: WINKLER PHILLIP
WINKLER DAWN
REGION CODE ADDRESS : 25032 SHADY HOLLOW CIRCLE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031791817 MORTGAGORS: GOYA HERBERT
GOYA MILDRED
REGION CODE ADDRESS : 2322 SANTA FE AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,750.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,612,800.00
P & I AMT: 11,076.24
UPB AMT: 1,611,557.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031791866 MORTGAGORS: ELWOOD JAMES
ELWOOD CATHERINE
REGION CODE ADDRESS : 105 HIGHLAND AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,787.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.12782
----------------------------------------------------------------
0 0031791957 MORTGAGORS: MURTI KAMALA
MURTI VASU
REGION CODE ADDRESS : 205 WOODCLIFF BLVD.
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,777.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 92.20300
----------------------------------------------------------------
0 0031792104 MORTGAGORS: RAMEY BILL
RAMEY ERIN
REGION CODE ADDRESS : 5303 PASEO DEL RIO WAY
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,804.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031792260 MORTGAGORS: MESA ORLANDO
MESA DONNA
REGION CODE ADDRESS : 15160 CALLE VERANO
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 272,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,587.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031792393 MORTGAGORS: POWER NORMAN
POWER MARIA
REGION CODE ADDRESS : 4928 CASPAR STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,599.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,311,600.00
P & I AMT: 8,859.69
UPB AMT: 1,310,556.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031792500 MORTGAGORS: ROSE S.
ROSE VIRGINIA
REGION CODE ADDRESS : 5000 GILLETTE ST.
01 CITY : APPLETON
STATE/ZIP : WI 54915
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,505.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,727.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 63.07600
----------------------------------------------------------------
0 0031792682 MORTGAGORS: ALMY II JOHN
ALMY MARCY
REGION CODE ADDRESS : 9614 CROSSPOINTE DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,986.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031792815 MORTGAGORS: NICKEL DOUGLAS
NICKEL COLLEEN
REGION CODE ADDRESS : 2722 TIMBERLANE
01 CITY : FLINT
STATE/ZIP : MI 48507
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,269.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 41.66600
----------------------------------------------------------------
0 0031792880 MORTGAGORS: LITTLE BRIAN
LITTLE CHERYL
REGION CODE ADDRESS : 473 CURIE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031793128 MORTGAGORS: HAGUE CARL
HAGUE MARY
REGION CODE ADDRESS : 722 HILLSIDE ROAD
01 CITY : SAN JUAN, BAUTISTA
STATE/ZIP : CA 95045
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,645.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,874.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,659,200.00
P & I AMT: 11,192.68
UPB AMT: 1,656,167.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031793268 MORTGAGORS: SULLIVAN CYNTHIA
REGION CODE ADDRESS : 14710 WHITE CLOUD COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,792.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.86900
----------------------------------------------------------------
0 0031793318 MORTGAGORS: MURRIETTA MARK
MURRIETTA JACQUELINE
REGION CODE ADDRESS : 21751 FERNLEAF DRIVE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 296,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,268.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.06600
----------------------------------------------------------------
0 0031793409 MORTGAGORS: ROGERS MARK
ROGERS REBECCA
REGION CODE ADDRESS : 1575 EAGLE'S NEST LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,764.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,980.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031793441 MORTGAGORS: LOUGARIS SPIRO
REGION CODE ADDRESS : 3842 VILLA GLEN WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,987.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.09300
----------------------------------------------------------------
0 0031793557 MORTGAGORS: GOLUBOVICH PAUL
FANE-GOLUBOVICH ANNA
REGION CODE ADDRESS : 19203 MIMOSA LANE
01 CITY : SONOMA,
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.55200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,449,700.00
P & I AMT: 9,961.59
UPB AMT: 1,448,585.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031794027 MORTGAGORS: BLASZAK GUY
BLASZAK JULIE
REGION CODE ADDRESS : 2585 JOSHUA LANE,
01 CITY : NORTHBROOK,
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,697.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,646.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 84.80800
----------------------------------------------------------------
0 0031794134 MORTGAGORS: NAVARRETE CARLOS
SPITALNICK WILLIAM
REGION CODE ADDRESS : 4804 SEASHORE DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,093.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031794290 MORTGAGORS: RITTER DANIEL
RITTER ARMANDE
REGION CODE ADDRESS : 57625 DUCK POND LANE
01 CITY : SUNRIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,000.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,687.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031794654 MORTGAGORS: MAROUF SAID
MAROUF ROSWITHA
REGION CODE ADDRESS : 7780 LOOKOUT DRIVE
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 625,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 624,512.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,263.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.07600
----------------------------------------------------------------
0 0031794696 MORTGAGORS: TIMKO ZACHARY
REGION CODE ADDRESS : 217 GRANADA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.61100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,062,000.00
P & I AMT: 13,976.33
UPB AMT: 2,059,096.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031794761 MORTGAGORS: MCARTHUR LAWRENCE
MCARTHUR LINDA
REGION CODE ADDRESS : 2876 RANSFORD AVENUE
01 CITY : PACIFIC GROVE
STATE/ZIP : CA 93950
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,808.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.84615
----------------------------------------------------------------
0 0031795230 MORTGAGORS: KELEHER MARY
KELEHER JOSEPH
REGION CODE ADDRESS : 52 BEACH PLUM WAY
01 CITY : HAMPTON
STATE/ZIP : NH 03842
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031795362 MORTGAGORS: OBERST VIRGINIA
REGION CODE ADDRESS : 6003 PEPPER TREE COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,305.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031795404 MORTGAGORS: VENTURINI PETER
VENTURINI JEANNIE
REGION CODE ADDRESS : 1105 SILVERADO DRIVE
01 CITY : WOODLAND
STATE/ZIP : CA 95695
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,776.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 93.33300
----------------------------------------------------------------
0 0031795552 MORTGAGORS: PARDINAS OSCAR
PARDINAS DAWN
REGION CODE ADDRESS : 3150 LESLIE COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,408.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,100.00
P & I AMT: 9,339.72
UPB AMT: 1,340,095.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031795586 MORTGAGORS: PARONELLI ENRICO
PARONELLI KATHLEEN
REGION CODE ADDRESS : 413 SYCAMORE PLACE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,807.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.15300
----------------------------------------------------------------
0 0031796006 MORTGAGORS: EPSTEIN DAVID
EPSTEIN DEBBIE
REGION CODE ADDRESS : 179 DUDLEY LANE
01 CITY : MILTON
STATE/ZIP : MA 02186
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,367.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,752.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.12800
----------------------------------------------------------------
0 0031796469 MORTGAGORS: MAYERS WILLIAM
REGION CODE ADDRESS : 2031 LENOX COVE CIRCLE
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,799.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.73333
----------------------------------------------------------------
0 0031796535 MORTGAGORS: KNOHL HOWARD
KNOHL LINDA
REGION CODE ADDRESS : 181 COBBLESTONE LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,560.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 34.37500
----------------------------------------------------------------
0 0031796774 MORTGAGORS: LUND PENNY
REGION CODE ADDRESS : 205 EAST AVENIDA RAMONA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,580.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.44400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,688,000.00
P & I AMT: 11,944.96
UPB AMT: 1,686,114.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031796931 MORTGAGORS: KRUSE JOHN
KRUSE JEANNINE
REGION CODE ADDRESS : 5710 SUNDANCE DRIVE
01 CITY : COLUMBIA
STATE/ZIP : MO 65203
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,734.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031797285 MORTGAGORS: JOYCE THOMAS
JOYCE DARLENE
REGION CODE ADDRESS : 7002 WEST AURORA AVE,
01 CITY : GLENDALE,
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 324,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,540.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031797467 MORTGAGORS: NEWSOM TOM
NEWSOM CARLA
REGION CODE ADDRESS : 3698 THOUSAND OAKS DRIVE,
01 CITY : SAN JOSE,
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.02300
----------------------------------------------------------------
0 0031797509 MORTGAGORS: PRATHER GARRY
PRATHER PATRICIA
REGION CODE ADDRESS : 6686 VIA DE LA REINA
01 CITY : BONSALL
STATE/ZIP : CA 92003
MORTGAGE AMOUNT : 315,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,047.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,124.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.06000
----------------------------------------------------------------
0 0031797533 MORTGAGORS: WEINBERG PHILIP
WEINBERG CHERYL
REGION CODE ADDRESS : 5760 WILKINSON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.82700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,100.00
P & I AMT: 10,281.52
UPB AMT: 1,513,905.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031797616 MORTGAGORS: THOMAS JERRY
THOMAS CHRISTINE
REGION CODE ADDRESS : 1902 VIA SAGE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 271,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,138.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.10400
----------------------------------------------------------------
0 0031797632 MORTGAGORS: VEGA JUAN
VEGA BONNAE
REGION CODE ADDRESS : 12823 SHADOW OAK LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 325,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,339.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031797640 MORTGAGORS: GIBBS BENJAMIN
GIBBS SUSKA
REGION CODE ADDRESS : 633 KINGMAN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90402
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.65800
----------------------------------------------------------------
0 0031797657 MORTGAGORS: ROSE MARTIN
REGION CODE ADDRESS : 244 CORONADO CIRCLE
01 CITY : PAGOSA SPRINGS
STATE/ZIP : CO 81147
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.90400
----------------------------------------------------------------
0 0031797731 MORTGAGORS: DAHL LARRY
DAHL DAWN
REGION CODE ADDRESS : 5413 MARICOPA DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,786.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,626,950.00
P & I AMT: 11,112.46
UPB AMT: 1,625,683.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031797798 MORTGAGORS: AUZERS BETTINA
REGION CODE ADDRESS : 910 WILADONDA DRIVE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,643.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,004.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.24500
----------------------------------------------------------------
0 0031797855 MORTGAGORS: MILLER NICOLE
REGION CODE ADDRESS : 5490 FENTON WAY
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 259,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,381.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031797863 MORTGAGORS: NAQVI ADNAN
MC HARDY CAROLYN
REGION CODE ADDRESS : 3025 BRIARHAVEN LANE
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031798309 MORTGAGORS: GARRETT RICHARD
GARRETT KRISTINE
REGION CODE ADDRESS : 901 REGENCY COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,083.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,989.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031798507 MORTGAGORS: INGALIS ANNE
REGION CODE ADDRESS : 3164 ALMERIA STREET
01 CITY : SAN PEDRO AREA
STATE/ZIP : CA 90731
MORTGAGE AMOUNT : 291,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,588.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.94500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,783,800.00
P & I AMT: 12,719.10
UPB AMT: 1,782,097.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031798895 MORTGAGORS: RIVEIRA IGNACIO
RIVEIRA MARIA
REGION CODE ADDRESS : 5617 RIVIERA DR
01 CITY : CORAL GABLES
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,932.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031798960 MORTGAGORS: BENSON BARRY
PLUYER HECTOR
REGION CODE ADDRESS : 620 WILCOX WAY
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031798978 MORTGAGORS: LAPP STEPHAN
REGION CODE ADDRESS : 520 WESTBOURNE DRIVE
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,628.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.44400
----------------------------------------------------------------
0 0031799174 MORTGAGORS: DOVER WILLIAM
DOVER ROBIN
REGION CODE ADDRESS : 8007 MAMMOTH DRIVE
01 CITY : ROHNERT PARK
STATE/ZIP : CA 94928
MORTGAGE AMOUNT : 249,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,364.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.98400
----------------------------------------------------------------
0 0031799208 MORTGAGORS: COSCI MICHAEL
MIYAZAKI STACEY
REGION CODE ADDRESS : 299 CURIE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,738.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.81438
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,575,750.00
P & I AMT: 10,901.42
UPB AMT: 1,574,664.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031799240 MORTGAGORS: MOORHOUSE MARGARET
REGION CODE ADDRESS : 85 MOUNT TIBURON ROAD
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,579.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 32.25800
----------------------------------------------------------------
0 0031799273 MORTGAGORS: CHENERY MICHAEL
CHENERY ROSLYNN
REGION CODE ADDRESS : 2856 GRAY FOX COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 644,521.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,509.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031799513 MORTGAGORS: SPETH DOUGLAS
DANIELS-SEPTH KELLY
REGION CODE ADDRESS : 623 IRVINE AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 330,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,122.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,170.49 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031799562 MORTGAGORS: CANAL DONALD
CANAL MARINA
REGION CODE ADDRESS : 10038 DEL DIOS HIGHWAY
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,783.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031799661 MORTGAGORS: WOLF HENRY
REGION CODE ADDRESS : 59946 HORSE CANYON ROAD
01 CITY : MOUNTAIN CENTER
STATE/ZIP : CA 92561
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,783.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.92405
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,052,400.00
P & I AMT: 13,975.19
UPB AMT: 2,050,790.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031799778 MORTGAGORS: DRAKE STEPHEN
DRAKE MARGO
REGION CODE ADDRESS : 1090 IDEMA DR. SE
01 CITY : EAST GRAND RAPIDS
STATE/ZIP : MI 49506
MORTGAGE AMOUNT : 280,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,471.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.78571
----------------------------------------------------------------
0 0031799802 MORTGAGORS: LEBOVITZ BRADLEY
LEBOVITZ KAREN
REGION CODE ADDRESS : 103 VALLEY CIRCLE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,249.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,359.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031799836 MORTGAGORS: LUBIN WILLIAM
LUBIN TAMA
REGION CODE ADDRESS : 20526 COMFORT COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,580.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.34900
----------------------------------------------------------------
0 0031799869 MORTGAGORS: PALMER WALT
PALMER CATHERINE
REGION CODE ADDRESS : 1532 ROBLE GRANDE LANE
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,274.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031799877 MORTGAGORS: IRWIN THOMAS
IRWIN MARY
REGION CODE ADDRESS : 343 RICARDO DRIVE
01 CITY : AROMAS
STATE/ZIP : CA 95004
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,042.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.28400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,300.00
P & I AMT: 10,558.98
UPB AMT: 1,488,618.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031799885 MORTGAGORS: MELTON CHERYL
MELTON JOHN
REGION CODE ADDRESS : 3031 NANTUCKET COVE
01 CITY : CONYERS
STATE/ZIP : GA 30012
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,880.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031799919 MORTGAGORS: GUARINO RICHARD
GUARINO ROSEMARY
REGION CODE ADDRESS : 862 EMPRESS ROAD
01 CITY : WEST CHESTER
STATE/ZIP : PA 19382
MORTGAGE AMOUNT : 294,580.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,141.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031799935 MORTGAGORS: CORWIN WILLIAM
REGION CODE ADDRESS : 8013 KENTWOOD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,575.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.42400
----------------------------------------------------------------
0 0031799950 MORTGAGORS: ELROM ITZHAK
LEVY PAULA
REGION CODE ADDRESS : 5130 LAKE BLUFF ROAD
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48323
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,956.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.08800
----------------------------------------------------------------
0 0031799992 MORTGAGORS: BOTELLO FUENSANTA
BOTELLO MICHAEL
REGION CODE ADDRESS : 606 SAN MIGUEL AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,552.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,401,330.00
P & I AMT: 9,904.88
UPB AMT: 1,399,106.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031800014 MORTGAGORS: ELCOTT EDWARD
ELCOTT RUTH
REGION CODE ADDRESS : 9840 MELVIN AVENUE
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91324
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 : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.88700
----------------------------------------------------------------
0 0031800022 MORTGAGORS: CLEGG DAVID
CLEGG SHARON
REGION CODE ADDRESS : 20430 VIA CASTELLON
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,594.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.74700
----------------------------------------------------------------
0 0031800089 MORTGAGORS: FINKEL LISA
FINKEL STEVEN
REGION CODE ADDRESS : 84 ELIOT STREET
01 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 548,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 546,398.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,878.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031800188 MORTGAGORS: WEST HARRY
WEST VIOLA
REGION CODE ADDRESS : 24619 STATE ROUTE 2
01 CITY : MONROE
STATE/ZIP : WA 98272
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,344.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031800196 MORTGAGORS: FINNEGAN WILLIAM
FINNEGAN AGNES
REGION CODE ADDRESS : 11 TOKAY COURT
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,158.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.18000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,775,500.00
P & I AMT: 12,612.34
UPB AMT: 1,771,621.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031800212 MORTGAGORS: MAC KRILLE ALFRED
MAC KRILLE DONNA
REGION CODE ADDRESS : 11468 CALLE ORO VERDE ROAD
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,644.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.11700
----------------------------------------------------------------
0 0031800253 MORTGAGORS: MARKS JOEL
REGION CODE ADDRESS : 600 PASEO DEL BOSQUE, NW
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87114
MORTGAGE AMOUNT : 549,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 547,830.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,933.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.42800
----------------------------------------------------------------
0 0031800360 MORTGAGORS: GOETTSCH CRAIG
GOETTSCH JENNIFER
REGION CODE ADDRESS : 2540 KINDERHOOK LANE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,774.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.94594
----------------------------------------------------------------
0 0031800394 MORTGAGORS: JOFFE NATHAN
JOFFE DEBORAH
REGION CODE ADDRESS : 1940 S. CREST DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,525.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.30434
----------------------------------------------------------------
0 0031800428 MORTGAGORS: RASHID MARK
RASHID HILDA
REGION CODE ADDRESS : 512 EAST HOWELL ROAD
01 CITY : MASON
STATE/ZIP : MI 48854
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,158.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.90411
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,720,300.00
P & I AMT: 12,307.32
UPB AMT: 1,715,932.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031800469 MORTGAGORS: MOAVEN MASSOUD
MOAVEN CYRUS
REGION CODE ADDRESS : 2112 CENTURY PARK LANE #303
01 CITY : LOS ANGELES
STATE/ZIP : CA 90067
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,531.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.88235
----------------------------------------------------------------
0 0031800485 MORTGAGORS: WALSH DANIEL
REGION CODE ADDRESS : 37 ROCKROSE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
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 : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.41800
----------------------------------------------------------------
0 0031800519 MORTGAGORS: COLE MURRAY
COLE DORIS
REGION CODE ADDRESS : 4100 WINDWARD COURT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,458.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,842.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031800550 MORTGAGORS: CUNNINGHAM RODGER
MIYATA KATSUSABURO
REGION CODE ADDRESS : 841 SOUTH MASSELIN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,577.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.40259
----------------------------------------------------------------
0 0031800576 MORTGAGORS: ZARATE ARACELI
REGION CODE ADDRESS : 16505 ENGLEWOOD AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 416,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,194.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,950.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,727,800.00
P & I AMT: 12,376.18
UPB AMT: 1,725,352.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031800618 MORTGAGORS: BALABAN ROBERT
BALABAN SHARRON
REGION CODE ADDRESS : 31 MONTAGUE ST
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,583.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.90000
----------------------------------------------------------------
0 0031800634 MORTGAGORS: HUTCHINSON DREW
KIMSEY DEBORAH
REGION CODE ADDRESS : 7813 PASEO SANTA CRUZ
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,523.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.54500
----------------------------------------------------------------
0 0031800659 MORTGAGORS: ORTON WILLIAM
KOHL-ORTON LINDA
REGION CODE ADDRESS : 34 CRESCENT RIDGE ROAD
01 CITY : BOONTON
STATE/ZIP : NJ 07005
MORTGAGE AMOUNT : 296,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,852.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,098.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.27400
----------------------------------------------------------------
0 0031800725 MORTGAGORS: FOGARTY MICHAEL
FOGARTY KIM
REGION CODE ADDRESS : 6872 RIO VISTA DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,805.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.22000
----------------------------------------------------------------
0 0031800741 MORTGAGORS: STEVENS JOHN
STEVENS DIANE
REGION CODE ADDRESS : 1025 FLAMINGO ROAD
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,929.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,015.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,604,750.00
P & I AMT: 11,303.02
UPB AMT: 1,602,695.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031800782 MORTGAGORS: CHIN JEFFREY
CHIN NIZAWA HELENE
REGION CODE ADDRESS : 29931 TRAIL CREEK DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,774.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.93900
----------------------------------------------------------------
0 0031801178 MORTGAGORS: TAN DARREL
LIE TERRY
REGION CODE ADDRESS : 4535 MACKINAW STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 274,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,091.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.34000
----------------------------------------------------------------
0 0031801186 MORTGAGORS: GIFFEN ALLEN
GIFFEN CONSTANCE
REGION CODE ADDRESS : 5434 BOTHE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 302,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,058.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.76200
----------------------------------------------------------------
0 0031801251 MORTGAGORS: MAJORS JAMES
REGION CODE ADDRESS : 1005 WOODVIEW PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,467.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,324.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 71.03800
----------------------------------------------------------------
0 0031801285 MORTGAGORS: LAMMERS CHARLES
HITT AMY
REGION CODE ADDRESS : 8911 CRESCENT DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,186.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,832,000.00
P & I AMT: 12,540.63
UPB AMT: 1,830,578.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031801301 MORTGAGORS: YARMOSKI JOHN
YARMOSKI TRACY
REGION CODE ADDRESS : 19001 BRITTANY PLACE
01 CITY : ROWLAND HEIGHTS AREA
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,726.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,304.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.82200
----------------------------------------------------------------
0 0031801319 MORTGAGORS: MCARTHUR COLLEEN
MCARTHUR RICHARD
REGION CODE ADDRESS : 500 FARNHAM PLACE,
01 CITY : DANVILLE,
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031801335 MORTGAGORS: BAIO STEVE
REGION CODE ADDRESS : 10832 ALTA VIEW DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.08347
----------------------------------------------------------------
0 0031801418 MORTGAGORS: WEISS STEVEN
WEISS TRACY
REGION CODE ADDRESS : 19956 WESTOVER PLACE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,711.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031801483 MORTGAGORS: VAN IDERSTINE DONALD
VAN IDERSTINE MARY
REGION CODE ADDRESS : 1556 BUCHANAN STREET,
01 CITY : NOVATO,
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,825.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.67700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,591,000.00
P & I AMT: 10,820.07
UPB AMT: 1,590,029.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031801509 MORTGAGORS: MADRIGAL CHRISTOPHER
MADRIGAL THERESA
REGION CODE ADDRESS : 11213 SHADYRIDGE DRIVE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,971.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031801533 MORTGAGORS: TAMAMOTO RODNEY
TAMAMOTO SHARI
REGION CODE ADDRESS : 2755 ROOKE AVENUE
01 CITY : HONOLULU
STATE/ZIP : HI 96817
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,577.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.37500 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0031801541 MORTGAGORS: RADFORD BONNE
REGION CODE ADDRESS : 12027 HESBY STREET
01 CITY : VALLEY VILLAGE AREA
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,650.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,834.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.07100
----------------------------------------------------------------
0 0031801558 MORTGAGORS: LORENZO DIOSCORO
LORENZO EDITHA
REGION CODE ADDRESS : 7359 PHINNEY WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,761.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031801632 MORTGAGORS: MURRAY DONN
ESKRA SANDRA
REGION CODE ADDRESS : 2424 242ND AVENUE SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,157.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,506,550.00
P & I AMT: 9,931.79
UPB AMT: 1,504,118.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031801681 MORTGAGORS: REEDY EDWARD
REEDY SUSAN
REGION CODE ADDRESS : 40 W 042 MARGARET
01 CITY : SAINT CHARLES
STATE/ZIP : IL 60175
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,366.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.32300
----------------------------------------------------------------
0 0031801699 MORTGAGORS: GONZALES LUIS
GONZALES MARIA
REGION CODE ADDRESS : 11852 SHOSHONE AVENUE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 363,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,938.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.78000
----------------------------------------------------------------
0 0031801707 MORTGAGORS: WOODRUM JACQUELINE
WOODRUM MARK
REGION CODE ADDRESS : 10034 LOWELL WAY
01 CITY : WESTMINSTER
STATE/ZIP : CO 80030
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,410.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
0 0031801715 MORTGAGORS: MENDEZ JOHN
MENDEZ SUSAN
REGION CODE ADDRESS : 1453 45TH STREET
01 CITY : SACRAMENTO
STATE/ZIP : CA 95819
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,490.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.68400
----------------------------------------------------------------
0 0031801731 MORTGAGORS: KHURANA RAKESH
KHURANA STEPHANIE
REGION CODE ADDRESS : 14 MAGNOLIA AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02158
MORTGAGE AMOUNT : 439,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,946.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,107.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.40400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,731,000.00
P & I AMT: 12,315.67
UPB AMT: 1,727,152.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031801756 MORTGAGORS: DOW SCOTT
DOW LAUREEN
REGION CODE ADDRESS : 5724 CAMELLIA AVENUE
01 CITY : TEMPLE CITY
STATE/ZIP : CA 91780
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,835.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031801764 MORTGAGORS: HANNON JAMES
HANNON CAROL
REGION CODE ADDRESS : 7 COLUMBIA ROAD
01 CITY : PEMBROKE
STATE/ZIP : MA 02359
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,473.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,665.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031801772 MORTGAGORS: RALPH NEIL
RALPH CORINNE
REGION CODE ADDRESS : 4903 ORINDA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90043
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,575.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031801798 MORTGAGORS: LANDAN IVAN
LANDAN DAWN
REGION CODE ADDRESS : 18941 FRUITPORT RD
01 CITY : SPRING LAKE
STATE/ZIP : MI 49456
MORTGAGE AMOUNT : 363,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,686.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,574.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.36111
----------------------------------------------------------------
0 0031801806 MORTGAGORS: O'NEAL JOHN
O'NEAL DEBRA
REGION CODE ADDRESS : 10 HIDDEN LAKES CT
01 CITY : MT. LAUREL
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,181.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,554,150.00
P & I AMT: 11,032.24
UPB AMT: 1,550,752.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031801822 MORTGAGORS: SIEMS CHARLES
SIEMS GEETA
REGION CODE ADDRESS : 6618 SADDLEBROOK COURT
01 CITY : LOVELAND
STATE/ZIP : OH 45140
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,596.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031801830 MORTGAGORS: JACOBSON KENNETH
JACOBSON MARLYS
REGION CODE ADDRESS : RURAL ROUTE 3
01 CITY : FRAZEE
STATE/ZIP : MN 56544
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,403.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.87800
----------------------------------------------------------------
0 0031801848 MORTGAGORS: NAGLE TODD
PRUTZ JO ANN
REGION CODE ADDRESS : 15819 CAMINITO CANTARAS
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 321,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,232.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.16355
----------------------------------------------------------------
0 0031801855 MORTGAGORS: ALLEN PETER
ALLEN DOLORES
REGION CODE ADDRESS : 38 RUTHELLEN ROAD
01 CITY : HUDSON
STATE/ZIP : MA 01749
MORTGAGE AMOUNT : 247,410.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,869.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031801863 MORTGAGORS: KATCHUBA ROBERT
KATCHUBA LAURIE
REGION CODE ADDRESS : 2188 CLARK COURT
01 CITY : LEONARD
STATE/ZIP : MI 48367
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,841.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,610.00
P & I AMT: 10,858.59
UPB AMT: 1,520,944.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031801871 MORTGAGORS: YAROCH JOSEPH
REGION CODE ADDRESS : 1615 SERVICE ROAD
01 CITY : CLINTON
STATE/ZIP : MI 49236
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,433.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.23500
----------------------------------------------------------------
0 0031802143 MORTGAGORS: MUCCIO MARK
MUCCIO CYNTHIA
REGION CODE ADDRESS : 6700 WHITMORE COURT
01 CITY : WESTERVILLE
STATE/ZIP : OH 43082
MORTGAGE AMOUNT : 245,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,533.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,573.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0031802325 MORTGAGORS: BENSON PAUL
BRAY BENSON TERESA
REGION CODE ADDRESS : 4612 AND 4618 EAST 3RD STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,740.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031802358 MORTGAGORS: LAVAGNINO ANDREW
LAVAGNINO ANETTE
REGION CODE ADDRESS : 1222 HIGHLAND DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 369,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,504.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.68000
----------------------------------------------------------------
0 0031802572 MORTGAGORS: ARON LAUREN
ARON EUGENE
REGION CODE ADDRESS : 425 WARD STREET
01 CITY : NEWTON
STATE/ZIP : MA 02459
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,622.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.69900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,681,550.00
P & I AMT: 11,374.72
UPB AMT: 1,679,833.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031802655 MORTGAGORS: DE MOULIN SCOTT
DE MOULIN RACHEL
REGION CODE ADDRESS : 10645 CHIQUITA STREET
01 CITY : (TOLUCA LAKE AREA) LOS AN
STATE/ZIP : CA 91602
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.48900
----------------------------------------------------------------
0 0031802762 MORTGAGORS: STEWART JOHN
COLLINS MICHAWL
REGION CODE ADDRESS : 8101 W 4TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,690.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.60000
----------------------------------------------------------------
0 0031802820 MORTGAGORS: BUTLER RONALD
BUTLER LYNNE
REGION CODE ADDRESS : 4 BURR OAK
01 CITY : RIVERWOODS
STATE/ZIP : IL 60015
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,704.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0031803059 MORTGAGORS: BOWEN BENJAMIN
BOWEN MARIBETH
REGION CODE ADDRESS : 10 HILLVIEW TERRACE
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,766.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031803307 MORTGAGORS: GRAHAM DAVID
GRAHAM LISA
REGION CODE ADDRESS : 3 SUMMIT COURT
01 CITY : LAS FLORES AREA
STATE/ZIP : CA 92688
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 : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,792,000.00
P & I AMT: 12,034.48
UPB AMT: 1,790,556.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031803356 MORTGAGORS: CARRILLO MICHAEL
CARRILLO RUTH
REGION CODE ADDRESS : 9943 MESSINA CIRCLE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,252.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,457.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 83.65800
----------------------------------------------------------------
0 0031803372 MORTGAGORS: PLACILLA MELFORD
PLACILLA KATHLEEN
REGION CODE ADDRESS : 2343 NAVAJO AVE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,453.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.35849
----------------------------------------------------------------
0 0031803406 MORTGAGORS: SKINNION ROBERT
SKINNION MARY
REGION CODE ADDRESS : 55 PYE BROOK LANE
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031803414 MORTGAGORS: HUGHES R
HUGHES JUDY
REGION CODE ADDRESS : 121 SOUTHRIDGE DRIVE
01 CITY : MISSOULA
STATE/ZIP : MT 59803
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,353.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031803430 MORTGAGORS: CURRIE BENNIE
GARRETT CELESTE
REGION CODE ADDRESS : 5117 S DORCHESTER AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60615
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,454.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.28800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,000.00
P & I AMT: 10,613.99
UPB AMT: 1,496,514.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031803455 MORTGAGORS: GENDREAU MARK
O'HARA EMILY
REGION CODE ADDRESS : 62 CHESTNUT STREET
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 278,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,205.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031803463 MORTGAGORS: ANDREWS ROGER
ANDREWS BRENDA
REGION CODE ADDRESS : 17717 56TH AVENUE
01 CITY : COOPERSVILLE
STATE/ZIP : MI 49404
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,564.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031803547 MORTGAGORS: GUTSTADT RICHARD
REGION CODE ADDRESS : 20 CHAMBERS LANE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.33800
----------------------------------------------------------------
0 0031803679 MORTGAGORS: MCPHERRON MATTHEW
MCPHERRON MEREDITH
REGION CODE ADDRESS : 41 UPSON ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02482
MORTGAGE AMOUNT : 473,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,211.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,150.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031803919 MORTGAGORS: BERG RONALD
REGION CODE ADDRESS : 18N 250 SAWYER ROAD
01 CITY : WEST DUNDEE
STATE/ZIP : IL 60118
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,782.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.74100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,811,400.00
P & I AMT: 12,449.34
UPB AMT: 1,809,389.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031803968 MORTGAGORS: RUSSELL JAMES
RUSSELL DEBRA
REGION CODE ADDRESS : 17 DOVER CIRCLE
01 CITY : FRANKLIN
STATE/ZIP : MA 02038
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.29200
----------------------------------------------------------------
0 0031804305 MORTGAGORS: BELCHER KELVIN
REGION CODE ADDRESS : 17802 OSPREY POINTE PL
01 CITY : TAMPA
STATE/ZIP : FL 33647
MORTGAGE AMOUNT : 325,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,352.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031804487 MORTGAGORS: FLETCHER PETER
FLETCHER LILLIAN
REGION CODE ADDRESS : 22123 INDEPENDENCIA STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,668.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.55500
----------------------------------------------------------------
0 0031804966 MORTGAGORS: SCHAPIRO WILLIAM
SCHAPIRO CLAUDIA
REGION CODE ADDRESS : 5 ALEGRIA
01 CITY : IRVINE
STATE/ZIP : CA 92620
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 : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.92200
----------------------------------------------------------------
0 0031805351 MORTGAGORS: LOMAX JOHN
LOMAX CATHERINE
REGION CODE ADDRESS : 791 NYES PLACE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 42.85700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,500,600.00
P & I AMT: 10,279.05
UPB AMT: 1,500,135.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031805385 MORTGAGORS: SINGER STEPHEN
REGION CODE ADDRESS : 2430 5TH STREET UNIT "A"
01 CITY : BERKELEY
STATE/ZIP : CA 94710
MORTGAGE AMOUNT : 295,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,574.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.97200
----------------------------------------------------------------
0 0031805393 MORTGAGORS: YOUNG MICHAEL
TOAL STANLEY
REGION CODE ADDRESS : 1037 SOMBRERO ROAD
01 CITY : PEBBLE BEACH
STATE/ZIP : CA 93953
MORTGAGE AMOUNT : 339,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,464.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,231.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 59.08600
----------------------------------------------------------------
0 0031805401 MORTGAGORS: SCHEFFEL PAUL
SCHEFFEL JILL
REGION CODE ADDRESS : 350 WEBB ROAD
01 CITY : WATSONVILLE
STATE/ZIP : CA 95076
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.72 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.74500
----------------------------------------------------------------
0 0031805435 MORTGAGORS: KIM PYONG
WON UN-JUNG
REGION CODE ADDRESS : 22 TESORO
01 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 425,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,492.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,797.54 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.89600
----------------------------------------------------------------
0 0031805633 MORTGAGORS: MOSKOVITZ HARRY
MOSKOVITZ PAMELA
REGION CODE ADDRESS : 12300 ELLIOTT LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,941,400.00
P & I AMT: 13,015.44
UPB AMT: 1,940,531.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031805773 MORTGAGORS: ERNST TIMOTHY
ERNST BARBARA
REGION CODE ADDRESS : 692 ROCK OAK ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,602.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.29200
----------------------------------------------------------------
0 0031805807 MORTGAGORS: DEAL RICHARD
DEAL PATRICIA
REGION CODE ADDRESS : 79 VIA VENTURA
01 CITY : MONTEREY
STATE/ZIP : CA 93940
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,093.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031805849 MORTGAGORS: LOWENBRAUN NORMAN
REGION CODE ADDRESS : 80 HIGHLAND AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 484,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,104.23 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 57.71400
----------------------------------------------------------------
0 0031805856 MORTGAGORS: KHOURI ROGER
KHOURI SUSANA
REGION CODE ADDRESS : 478 BAY LANE
01 CITY : KEY BISCAYNE
STATE/ZIP : FL 33149
MORTGAGE AMOUNT : 1,299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,297,986.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 8,861.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 015
LTV : 59.04500
----------------------------------------------------------------
0 0031805864 MORTGAGORS: MOORE FREDERICK
MOORE JODY
REGION CODE ADDRESS : 40 SANDPIPER
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,778.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,626,350.00
P & I AMT: 17,587.34
UPB AMT: 2,624,917.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031805872 MORTGAGORS: SCHOFFSTALL ERIC
SCHOFFSTALL CHRISTINE
REGION CODE ADDRESS : 4902 BELLEVUE STREET
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.06200
----------------------------------------------------------------
0 0031805914 MORTGAGORS: EISENBUD ELLIOTT
EISENBUD HELENE
REGION CODE ADDRESS : 1921 ROCKWOOD DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,762.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 34.85700
----------------------------------------------------------------
0 0031805922 MORTGAGORS: KURTZ R.
KURTZ MICHELE
REGION CODE ADDRESS : 25802 CALLE RICARDO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.98500
----------------------------------------------------------------
0 0031805930 MORTGAGORS: HEFNER MICHAEL
HEFNER JULIE
REGION CODE ADDRESS : 422 FULLERTON AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,765.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,974.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.11100
----------------------------------------------------------------
0 0031806029 MORTGAGORS: WELLBAUM JAMES
WELLBAUM DIANNE
REGION CODE ADDRESS : 226 LARSSON STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,579.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 72.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,616,500.00
P & I AMT: 10,876.36
UPB AMT: 1,615,411.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031806060 MORTGAGORS: NARDONI DAVID
NARDONI COLVETT ROBIN
REGION CODE ADDRESS : 30 WEST LAUREL AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,951.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,096.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031806169 MORTGAGORS: MARCONI JAMES
MARCONI TERESA
REGION CODE ADDRESS : 716 CUESTA AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,757.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.41100
----------------------------------------------------------------
0 0031806201 MORTGAGORS: CHONG RONALD
OKAMURA TERRI
REGION CODE ADDRESS : 5571 HOBACK GLEN ROAD
01 CITY : HIDDEN HILLS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 471,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,613.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,133.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.87500
----------------------------------------------------------------
0 0031806375 MORTGAGORS: HARPER KATHLEEN
REGION CODE ADDRESS : 12 MARSH STREET
01 CITY : MILFORD
STATE/ZIP : CT 06460
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031806383 MORTGAGORS: JACOBS ROBERT
JACOBS PAMELA
REGION CODE ADDRESS : 47 CHESTNUT STREET
01 CITY : MILLBURN
STATE/ZIP : NJ 07041
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,811.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,700.00
P & I AMT: 10,651.89
UPB AMT: 1,579,634.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031806490 MORTGAGORS: WOODRING CYNTHIA
REGION CODE ADDRESS : 4165 ROCHESTER ROAD,
01 CITY : SAN DIEGO,
STATE/ZIP : CA 92116
MORTGAGE AMOUNT : 303,240.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,003.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031807225 MORTGAGORS: NOBLE STEPHEN
NOBLE MARION
REGION CODE ADDRESS : 1054 BLUEBIRD AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
MORTGAGE AMOUNT : 380,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,610.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,630.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.42500
----------------------------------------------------------------
0 0031807597 MORTGAGORS: GREEN JOHN
BARON JEAN
REGION CODE ADDRESS : 240 SOUTHWOOD DRIVE
01 CITY : SCOTTS VALLEY
STATE/ZIP : CA 95066
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,782.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 56.42700
----------------------------------------------------------------
0 0031807613 MORTGAGORS: KELLY KEVIN
GIANZERO GINA
REGION CODE ADDRESS : 4751 EDGEWARE ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92116
MORTGAGE AMOUNT : 276,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,979.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.05000
----------------------------------------------------------------
0 0031807795 MORTGAGORS: ANHALT THOMAS
ANHALT ANNA
REGION CODE ADDRESS : 6286 COVINGTON WAY
01 CITY : GOLETA
STATE/ZIP : CA 93117
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 : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,340.00
P & I AMT: 9,988.37
UPB AMT: 1,467,993.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031807829 MORTGAGORS: BORCICH JEFFREY
BORCICH CYNTHIA
REGION CODE ADDRESS : 1104 13TH AVENUE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95822
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.65200
----------------------------------------------------------------
0 0031807878 MORTGAGORS: HARTIGAN TIMOTHY
HARTIGAN LORI
REGION CODE ADDRESS : 2517 HARTZELL STREET,
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.52631
----------------------------------------------------------------
0 0031808025 MORTGAGORS: LEIBSOHN STUART
REGION CODE ADDRESS : 22901 WRENCREST DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,728.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031808066 MORTGAGORS: BUDAY ROBERT
FLYNN CATHERINE
REGION CODE ADDRESS : 60 WEST ELM STREET,
01 CITY : HOPKINTON,
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,731.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031808132 MORTGAGORS: SEIP D. ERIC
SEIP MICHAELE
REGION CODE ADDRESS : 45 DARBY LANE
01 CITY : BEDFORD
STATE/ZIP : NH 03110
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,759.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.50000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,500.00
P & I AMT: 10,090.56
UPB AMT: 1,501,514.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031808181 MORTGAGORS: POWELL ANDREW
POWELL VERONICA
REGION CODE ADDRESS : 21525 CHICKACOAN TRAIL DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20148
MORTGAGE AMOUNT : 248,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,896.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031808207 MORTGAGORS: CARTER DEREK
CARTER LYNN
REGION CODE ADDRESS : 1528 IDLEWOOD ROAD
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,717.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.29 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031808256 MORTGAGORS: ATTRIDGE ROBERT
ATTRIDGE LOREEN
REGION CODE ADDRESS : 8351 LAURA CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 312,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,506.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031808637 MORTGAGORS: ROBBINS RICHARD
ROBBINS INBAR
REGION CODE ADDRESS : 30 HIGHWOOD ROAD
01 CITY : EAST NORWICH
STATE/ZIP : NY 11732
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,758.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031808660 MORTGAGORS: NANAHARA HAJIME
NANAHARA JUNKO
REGION CODE ADDRESS : 55 RICHMOND DRIVE
01 CITY : OLD GREENWICH
STATE/ZIP : CT 06870
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,850.00
P & I AMT: 10,497.23
UPB AMT: 1,543,633.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031808694 MORTGAGORS: MARQUETTE JOSEPH
GIACOMO CAROL
REGION CODE ADDRESS : 5412 CENTER STREET
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,717.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,469.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.56000
----------------------------------------------------------------
0 0031808868 MORTGAGORS: LEE STEVEN
LEE RHONDA
REGION CODE ADDRESS : 2846 IVY STREET
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,995.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031808918 MORTGAGORS: WEBER JAMES
WEBER LYNN
REGION CODE ADDRESS : 2574 JARDIN PLACE
01 CITY : WESTON
STATE/ZIP : FL 33327
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 : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.13577
----------------------------------------------------------------
0 0031809262 MORTGAGORS: JONES LAURYN
REGION CODE ADDRESS : 6 BELFORT
01 CITY : NEWPORT COAST AREA
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 363,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,472.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.23400
----------------------------------------------------------------
0 0031809478 MORTGAGORS: WALQUIST BRIAN
WALQUIST ANITA
REGION CODE ADDRESS : 1429 EAST BEECHWOOD STREET,
01 CITY : SANTA ANA,
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 259,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,052.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,450.00
P & I AMT: 10,275.37
UPB AMT: 1,487,857.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031809551 MORTGAGORS: KESSEL HARRY
KESSEL JOAN
REGION CODE ADDRESS : 4979 SHADOW GLEN COURT
01 CITY : DUNWOODY
STATE/ZIP : GA 30338
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,029.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031809668 MORTGAGORS: MEYER JEFFREY
MEYER MARADITH
REGION CODE ADDRESS : 43321 SUGARBUSH COURT
01 CITY : LEESBURG
STATE/ZIP : VA 20176
MORTGAGE AMOUNT : 335,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,151.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,345.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031809924 MORTGAGORS: SLOAN EDWARD
SLOAN LUCY
REGION CODE ADDRESS : 1586 MORADA PLACE
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,808.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.33300
----------------------------------------------------------------
0 0031809981 MORTGAGORS: CAPP ROBERT
CAPP RITA
REGION CODE ADDRESS : 5721 SALMON COURT
01 CITY : BYRON
STATE/ZIP : CA 94514
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,774.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,829.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0031810054 MORTGAGORS: HORWATH ANTHONY
HORWATH MARILYN
REGION CODE ADDRESS : 12199 WOODFORD DRIVE
01 CITY : MARRIOTTSVILLE
STATE/ZIP : MD 21104
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 469,633.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,206.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,578,400.00
P & I AMT: 10,799.64
UPB AMT: 1,576,396.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031810351 MORTGAGORS: SMITH MICHAEL
BROOKS-SMITH DIANE
REGION CODE ADDRESS : 4550 DARROW COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 56.58700
----------------------------------------------------------------
0 0031810435 MORTGAGORS: WILSON JAMES
REGION CODE ADDRESS : 4255 SHORECREST DRIVE
01 CITY : DALLAS
STATE/ZIP : CA 75209
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,774.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031810468 MORTGAGORS: COATS JOHN
COATS TINA
REGION CODE ADDRESS : 160 E. LOWELL AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,710.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031810534 MORTGAGORS: QUATTROCCHI VINCENT
SCHAAR DAVID
REGION CODE ADDRESS : 979 SUMMIT WAY
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,729.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.85700
----------------------------------------------------------------
0 0031810583 MORTGAGORS: FADRILAN ROBERTO
FADRILAN TERESA
REGION CODE ADDRESS : 836 PEARY LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,000.00
P & I AMT: 9,769.57
UPB AMT: 1,475,215.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031810609 MORTGAGORS: HESTON THOMAS
HESTON LYNNE
REGION CODE ADDRESS : 2104 RIVINA DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78733
MORTGAGE AMOUNT : 302,777.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,528.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031810625 MORTGAGORS: LINDBERG HELEN
KUNHARDT THOMAS
REGION CODE ADDRESS : 65 BIRCH AVENUE,
01 CITY : CORTE MADERA,
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,740.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.89200
----------------------------------------------------------------
0 0031810823 MORTGAGORS: NILARP SONIA
REGION CODE ADDRESS : 2135 BRIDGEPORT WAY
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,513.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.62600
----------------------------------------------------------------
0 0031810955 MORTGAGORS: MERRITT MICHAEL
REGION CODE ADDRESS : 7731 QUIMBY AVENUE
01 CITY : WEST HILLS AREA
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,805.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.67200
----------------------------------------------------------------
0 0031811367 MORTGAGORS: ROBISON LYNN
BENNETT GAIL
REGION CODE ADDRESS : 453 CANYON CREST DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 297,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,873.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,877.00
P & I AMT: 10,264.23
UPB AMT: 1,501,462.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031811581 MORTGAGORS: CAMPA JOSE
CAMPA BERTHA
REGION CODE ADDRESS : 3630 EAST HOLT AVENUE
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,567.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,786.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.37500
----------------------------------------------------------------
0 0031811656 MORTGAGORS: STOLL PETER
STOLL ROBIN
REGION CODE ADDRESS : 6390 MARQUIS COURT
01 CITY : OAK PARK
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,678.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031811755 MORTGAGORS: MCKAY DENNIS
MCKAY PUANGMALAI
REGION CODE ADDRESS : 12930 32ND STREET SE
01 CITY : SNOHOMISH
STATE/ZIP : WA 98290
MORTGAGE AMOUNT : 265,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,742.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031811797 MORTGAGORS: TOPOR JAMES
TOPOR MEGAN
REGION CODE ADDRESS : 11 HAMILTON STREET
01 CITY : MADISON
STATE/ZIP : NJ 07940
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031811854 MORTGAGORS: SHOEMAKER GEORGE
SHOEMAKER ANNE
REGION CODE ADDRESS : 439 NEW ZEALAND REACH
01 CITY : CHESAPEAKE
STATE/ZIP : VA 23320
MORTGAGE AMOUNT : 318,440.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,517.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99093
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,964,990.00
P & I AMT: 13,372.34
UPB AMT: 1,963,427.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031811912 MORTGAGORS: SERKIN WENDY
REGION CODE ADDRESS : 52 THE NARROWS ROAD
01 CITY : BEDFORD HILLS
STATE/ZIP : NY 10507
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,692.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.18400
----------------------------------------------------------------
0 0031811979 MORTGAGORS: BERNSTEIN JEFFREY
BERNSTEIN MARLEEN
REGION CODE ADDRESS : 1765 COUNTRY CLUB DRIVE
01 CITY : CHERRY HILL
STATE/ZIP : NJ 08003
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031812589 MORTGAGORS: CUI YAN
GONG GUDUAN
REGION CODE ADDRESS : 8261 RINCONADA COURT
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 378,140.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,460.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,484.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.99900
----------------------------------------------------------------
0 0031812647 MORTGAGORS: HUDSON MARK
HUDSON PAMELA
REGION CODE ADDRESS : 5677 SNOWDON PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,569.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,492.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.46900
----------------------------------------------------------------
0 0031812720 MORTGAGORS: QUALE ALAN
QUALE JOSEPHINE
REGION CODE ADDRESS : 1231 MOUND STREET
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,056.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,902,390.00
P & I AMT: 12,938.55
UPB AMT: 1,900,532.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031812746 MORTGAGORS: MASCARI BERNARD
MASCARI KERRI
REGION CODE ADDRESS : 22 AUGUSTA LANE,
01 CITY : SANTA BARBARA,
STATE/ZIP : CA 93108
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,824.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,529.18 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 59.23000
----------------------------------------------------------------
0 0031812894 MORTGAGORS: PETRONIJEVIC STEVEN
PETRONIJEVIC CATHERINE
REGION CODE ADDRESS : 6393 TUSTIN ROAD
01 CITY : SALINAS
STATE/ZIP : CA 93907
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031812928 MORTGAGORS: COLEMAN MARTIN
COLEMAN VICKI
REGION CODE ADDRESS : 3530 SAW MILL ROAD
01 CITY : NEWTON SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.74700
----------------------------------------------------------------
0 0031813017 MORTGAGORS: AGRAWAL BAJARANG
AGRAWAL SUMITRA
REGION CODE ADDRESS : 6974 WEST QUAIL AVENUE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 298,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031813025 MORTGAGORS: VOET LEONARD
VOET BRENDA
REGION CODE ADDRESS : 1305 LA SIERRA DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,306.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,050.00
P & I AMT: 10,883.61
UPB AMT: 1,616,139.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031813165 MORTGAGORS: MERRELL STANLEY
MERRELL LYNN
REGION CODE ADDRESS : 5680 N A1A, UNIT 305,
01 CITY : VERO BEACH,
STATE/ZIP : FL 32963
MORTGAGE AMOUNT : 236,288.95 OPTION TO CONVERT :
UNPAID BALANCE : 235,702.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.71700
----------------------------------------------------------------
0 0031813835 MORTGAGORS: HARVEY RICHARD
HARVEY JOYCE
REGION CODE ADDRESS : 10452 POMPANO COURT
01 CITY : CYPRESS
STATE/ZIP : CA 90630
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 : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031813868 MORTGAGORS: BLANCHARD BILLY
BLANCHARD WANDA
REGION CODE ADDRESS : 1665 CALLE ROCHELLE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 290,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,222.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031813876 MORTGAGORS: JANSSON DAVID
JANSSON CHRISTINE
REGION CODE ADDRESS : 2304 VAN DER GOES WAY
01 CITY : MODESTO
STATE/ZIP : CA 95356
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,140.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031813900 MORTGAGORS: KIRK JEFFREY
KIRK ELIZABETH
REGION CODE ADDRESS : 222 KENWOOD CT
01 CITY : GROSSE POINTE FARMS
STATE/ZIP : MI 48236
MORTGAGE AMOUNT : 258,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,524.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.61179
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,321,388.95
P & I AMT: 9,252.53
UPB AMT: 1,319,170.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031813942 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 : 499,273.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031813967 MORTGAGORS: MCSWEENEY TIMOTHY
TERRILE LYNNE
REGION CODE ADDRESS : 42 HERRICK RD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,141.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.43200
----------------------------------------------------------------
0 0031814015 MORTGAGORS: JOHNSON E.
REGION CODE ADDRESS : 5 SOUTH PARKSIDE LANE
01 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,827.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031814023 MORTGAGORS: DINESEN SCOTT
DINESEN CHRISTINE
REGION CODE ADDRESS : 3335 BYRON DRIVE
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031814130 MORTGAGORS: WHITE BECKY
REGION CODE ADDRESS : 135 BAUMERT LANE
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,784.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.63100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,714,200.00
P & I AMT: 11,963.85
UPB AMT: 1,711,691.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031814825 MORTGAGORS: KIM ILKWON
KIM MEE
REGION CODE ADDRESS : 3206 145H PLACE SOUTH EAST
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,086.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.28500
----------------------------------------------------------------
0 0031815061 MORTGAGORS: SCHMIDT ROBERT
SCHMIDT JULIE
REGION CODE ADDRESS : 4 GREENSPRING
01 CITY : DOVE CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,785.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.89473
----------------------------------------------------------------
0 0031815079 MORTGAGORS: CESARINI PETER
CESARINI DESIREE
REGION CODE ADDRESS : 3490 SAN MARINO CIRCLE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,783.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,961.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.88888
----------------------------------------------------------------
0 0031815095 MORTGAGORS: LITTMAN BARRY
LITTMAN DEBORAH
REGION CODE ADDRESS : 1924 LIVONIA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,744.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.29400
----------------------------------------------------------------
0 0031815152 MORTGAGORS: PUJOL ISIDRO
PUJOL RAQUEL
REGION CODE ADDRESS : 419 BARGELLO AVE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,391,500.00
P & I AMT: 9,493.31
UPB AMT: 1,390,203.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031815244 MORTGAGORS: CUETARA JOAQUIN
REGION CODE ADDRESS : 2447 VALLEJO STREET, UNIT #3
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94123
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,738.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.90600
----------------------------------------------------------------
0 0031815277 MORTGAGORS: ZAMISKA GENE
REGION CODE ADDRESS : 1667 ALAMEDA DE LAS PULGAS
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 391,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,178.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.91426
----------------------------------------------------------------
0 0031815285 MORTGAGORS: FRESHWATER SCOTT
FRESHWATER VALERIE
REGION CODE ADDRESS : 3134 COLBY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,697.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.41900
----------------------------------------------------------------
0 0031815368 MORTGAGORS: SAN FELIPE KEITH
SAN FELIPE LINDA
REGION CODE ADDRESS : 1321 VERNON TERRACE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,642.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,791.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.00000
----------------------------------------------------------------
0 0031815459 MORTGAGORS: SMITH DIANE
SMITH MICHAEL
REGION CODE ADDRESS : 18710 KENYA STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,799.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,775,500.00
P & I AMT: 11,870.23
UPB AMT: 1,774,057.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031815558 MORTGAGORS: EUGENE MICHAEL
EUGENE ROSE
REGION CODE ADDRESS : 9530 OWL TRACE DRIVE
01 CITY : CHESTERFIELD
STATE/ZIP : VA 23838
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,269.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 82.98100
----------------------------------------------------------------
0 0031815574 MORTGAGORS: YOUNG KATHERINE
REGION CODE ADDRESS : 534 DAROCO AVE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,945.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031815673 MORTGAGORS: NOLAN SEAN
NOLAN LARA
REGION CODE ADDRESS : 2824 140TH AVENUE NORTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98005
MORTGAGE AMOUNT : 614,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 610,779.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,351.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031815749 MORTGAGORS: RAMSEY JIM
REGION CODE ADDRESS : 2795 EAST COMANCHE DRIVE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84108
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 : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031816127 MORTGAGORS: NAGPAL RAJAN
NAGPAL SANDEEP
REGION CODE ADDRESS : 10801 JENNIFER MARIE PLACE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,250.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,033.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,877,300.00
P & I AMT: 13,001.93
UPB AMT: 1,870,841.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031816374 MORTGAGORS: MARSHALL BRAD
MARSHALL ROBIN
REGION CODE ADDRESS : 8343 ARGENT DRIVE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,578.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.61100
----------------------------------------------------------------
0 0031816473 MORTGAGORS: HILL BRIAN
HILL LEILA
REGION CODE ADDRESS : 40 ATLANTIC AVENUE
01 CITY : COHASSET
STATE/ZIP : MA 02025
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,344.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 42.85700
----------------------------------------------------------------
0 0031816549 MORTGAGORS: LEUTKEMEYER JULIA
REGION CODE ADDRESS : 2050 VINE STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 354,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,509.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031816655 MORTGAGORS: BERGER JAN
BALLARD CONNIE
REGION CODE ADDRESS : 22 EDGEWATER COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,757.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.94100
----------------------------------------------------------------
0 0031816879 MORTGAGORS: SETTLES DAVID
SETTLES CLEOPATRA
REGION CODE ADDRESS : 11694 CYPRESS CANYON ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 294,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,465.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,950.00
P & I AMT: 10,706.09
UPB AMT: 1,556,654.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031816937 MORTGAGORS: LYNCH THEODORE
LYNCH LINNEA
REGION CODE ADDRESS : 10507 CLIPPER DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,521.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.81000
----------------------------------------------------------------
0 0031816960 MORTGAGORS: ABRAMS MARC
ABRAMS LISA
REGION CODE ADDRESS : 9707 CARMEL COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,233.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,342.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.64700
----------------------------------------------------------------
0 0031817117 MORTGAGORS: RAJA HASHIM
REGION CODE ADDRESS : 5732 REDWOOD LANE
01 CITY : DALLAS
STATE/ZIP : TX 75209
MORTGAGE AMOUNT : 352,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,660.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031817273 MORTGAGORS: DENIHAM DAVID
DENIHAN EVELYN
REGION CODE ADDRESS : 1863 SUMMERTIME AVENUE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 263,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,139.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.99500
----------------------------------------------------------------
0 0031817380 MORTGAGORS: BITHELL PAUL
REGION CODE ADDRESS : 856 EAST FOX MEADOW DRIVE
01 CITY : DRAPER
STATE/ZIP : UT 84020
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,399.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,659,400.00
P & I AMT: 11,339.38
UPB AMT: 1,656,954.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031817414 MORTGAGORS: O'CONNER CAROL
REGION CODE ADDRESS : 4744 BRYCE CIRCLE,
01 CITY : CARLSBAD,
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,761.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031817422 MORTGAGORS: GARRISON DONALD
GARRISON PATRICIA
REGION CODE ADDRESS : 50 GALE ROAD
01 CITY : HAMPTON
STATE/ZIP : NH 03842
MORTGAGE AMOUNT : 394,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,900.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031817471 MORTGAGORS: KANG MIN
KIM YOUNG
REGION CODE ADDRESS : 517 AMHERST DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,982.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031818040 MORTGAGORS: HAYES JON
HAYES ELIZABETH
REGION CODE ADDRESS : 205 WOOD SPRING ROAD
01 CITY : GWYNEDD VALLEY
STATE/ZIP : PA 19437
MORTGAGE AMOUNT : 406,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,566.20 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031818057 MORTGAGORS: CASTILLO HERBERT
CASTILLO CHRISTINE
REGION CODE ADDRESS : 7836 APPLE BLOSSOM LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,377.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,656,000.00
P & I AMT: 11,079.54
UPB AMT: 1,655,020.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031818198 MORTGAGORS: SZOL EDMUND
SZOL KAREN
REGION CODE ADDRESS : 4206 EAST LAKE SAMMAMISH PKWY SE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 568,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 567,931.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,928.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.70491
----------------------------------------------------------------
0 0031818297 MORTGAGORS: RAY SUPRIYA
RAY KRISHNA
REGION CODE ADDRESS : 943 BAY TREE ROAD
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 330,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,943.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.93300
----------------------------------------------------------------
0 0031818370 MORTGAGORS: RAIKES ALICE
REGION CODE ADDRESS : 326 WEST BLITHEDALE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,781.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.32700
----------------------------------------------------------------
0 0031818537 MORTGAGORS: MULLER TODD
MULLER JODI
REGION CODE ADDRESS : 6646 SCHURTZ STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 252,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,143.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031818727 MORTGAGORS: GIH STEPHEN
GIH MAURA
REGION CODE ADDRESS : 523 SYCAMORE AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,726,550.00
P & I AMT: 11,975.86
UPB AMT: 1,724,581.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031818735 MORTGAGORS: MUTHUKRISHNAN CHELLAPPA
MUTHUKRISHNAN SUNDARI
REGION CODE ADDRESS : 19701 BUCKEYE MEADOW LANE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91328
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,530.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031818743 MORTGAGORS: ABRAMS ALAN
ABRAMS NICOLETTE
REGION CODE ADDRESS : 357 EAST ELDORADO LANE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89123
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,680.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.56500
----------------------------------------------------------------
0 0031818784 MORTGAGORS: VALESANO MARK
VALESANO MARY
REGION CODE ADDRESS : 21 BEACH FLINT WAY
01 CITY : VICTOR
STATE/ZIP : NY 14564
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,732.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031818792 MORTGAGORS: WOLTERSTORFF TIM
WOLTERSTORFF ROBYN
REGION CODE ADDRESS : ANCHOR POINT RD
01 CITY : CROSSLAKE
STATE/ZIP : MN 56442
MORTGAGE AMOUNT : 318,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,001.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031818834 MORTGAGORS: PARK WILLIAM
PARK BARBARA
REGION CODE ADDRESS : 1400 SUNRISE DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,798.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.27700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,500.00
P & I AMT: 10,627.59
UPB AMT: 1,579,744.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031818859 MORTGAGORS: TILLMAN VANCE
TILLMAN KRISTIN
REGION CODE ADDRESS : 3311 TANGLEY ST.
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,582.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.32900
----------------------------------------------------------------
0 0031819048 MORTGAGORS: SHONKOFF ROBERT
SHONKOFF MICHELLE
REGION CODE ADDRESS : 198 MONTE CARLO WAY,
01 CITY : DANVILLE,
STATE/ZIP : CA 94506
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 : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.62085
----------------------------------------------------------------
0 0031819063 MORTGAGORS: FISHMAN BENJAMAN
REGION CODE ADDRESS : 141 WESTWOOD DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94112
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,750.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031819121 MORTGAGORS: SABRI MOHAMMAD
SABRI AMBER
REGION CODE ADDRESS : 561 LOS PALMOS DRIVE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,748.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031819188 MORTGAGORS: NG PETER
NG MABEL
REGION CODE ADDRESS : 7598 SHADOWHILL LANE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,695.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.79600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,630,000.00
P & I AMT: 11,194.31
UPB AMT: 1,628,535.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031819394 MORTGAGORS: TUFTS SIDNEY
TUFTS LYNNE
REGION CODE ADDRESS : 7345 MELODIA TERRACE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 627,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 627,010.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,280.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.72222
----------------------------------------------------------------
0 0031819451 MORTGAGORS: KREAMER THOMAS
KREAMER SUSAN
REGION CODE ADDRESS : 313 KEENE FARM LANE,
01 CITY : STEVENSVILLE,
STATE/ZIP : MD 21666
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,606.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,193.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031820020 MORTGAGORS: BONGIOLATTI LEE
BONGIOLATTI CATHERINE
REGION CODE ADDRESS : 446 LOCUST POINT RD
01 CITY : RUMSON,
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 439,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,998.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.11111
----------------------------------------------------------------
0 0031820046 MORTGAGORS: BORN MATTHEW
BORN JENNIFER
REGION CODE ADDRESS : 3 SPRUCE STREET #3
01 CITY : BOSTON
STATE/ZIP : MA 02108
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031820251 MORTGAGORS: POLLACK STEVEN
POLLACK LORETTA
REGION CODE ADDRESS : 3807 EAST SUMMITRIDGE LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,768.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.74100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,163,200.00
P & I AMT: 14,675.86
UPB AMT: 2,162,085.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031820343 MORTGAGORS: HOLSCHER MATTHEW
REGION CODE ADDRESS : 21 HOMESTEAD BOULEVARD
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,579.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,284.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.75700
----------------------------------------------------------------
0 0031820475 MORTGAGORS: YEHIA TAMARA
YEHIA HASHIM
REGION CODE ADDRESS : 5070 BOATHOUSE DRIVE
01 CITY : ORLANDO
STATE/ZIP : FL 32812
MORTGAGE AMOUNT : 253,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,152.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,728.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
0 0031820517 MORTGAGORS: SERDAHL CHRISTIAN
TENDERO CLARISSA
REGION CODE ADDRESS : 44688 COUNTRY CLUB DRIVE
01 CITY : EL MACERO
STATE/ZIP : CA 95618
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,720.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,442.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.60000
----------------------------------------------------------------
0 0031820772 MORTGAGORS: MCCLATCHEY B DAVID
REGION CODE ADDRESS : 1740 RIVER BLUFF CT
01 CITY : COLUMBIA
STATE/ZIP : MO 65203
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,747.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031820848 MORTGAGORS: WIVELL WAYNE
DALTON KATHLEEN
REGION CODE ADDRESS : 11 CHANDLER CIRCLE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,687,350.00
P & I AMT: 11,332.49
UPB AMT: 1,686,200.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031821002 MORTGAGORS: SCHELLENBERG THOMAS
PEECHER CANDACE
REGION CODE ADDRESS : 934 SOUTH LEHIGH DRIVE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 248,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,546.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.37878
----------------------------------------------------------------
0 0031821051 MORTGAGORS: DINH LY
DINH NHUNG
REGION CODE ADDRESS : 36090 SILVERADO PLACE
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 409,488.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,152.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,724.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031821101 MORTGAGORS: HALLEY EDWARD
HALLEY ELIZABETH
REGION CODE ADDRESS : 1723 CATTAIL MEADOWS DRIVE
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 254,760.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,545.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031821135 MORTGAGORS: ZEISS GREG
ZEISS MICHELLE
REGION CODE ADDRESS : 9337 SWAN LAKE DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 259,486.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,288.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031821200 MORTGAGORS: EICKHOFF DENNIS
EICKHOFF JANICE
REGION CODE ADDRESS : 18798 OLMEDA PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 586,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 585,554.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,047.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.10200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,758,484.00
P & I AMT: 11,892.45
UPB AMT: 1,757,087.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031822232 MORTGAGORS: GRANNICK HOWARD
GRANNICK DEBRA
REGION CODE ADDRESS : 4914 PEARLMAN WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,226.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 61.62900
----------------------------------------------------------------
0 0031822547 MORTGAGORS: MORIANA CHRISTOPHER
REGION CODE ADDRESS : 3704 EDDINGHAM AVENUE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,753.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,924.81 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.29800
----------------------------------------------------------------
0 0031822570 MORTGAGORS: BHATIA SUDHIR
BHATIA SHARMILA
REGION CODE ADDRESS : 137 LAS LOMAS WAY,
01 CITY : WALNUT CREEK,
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 292,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,471.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.05100
----------------------------------------------------------------
0 0031822935 MORTGAGORS: WEST JERRE
WEST MARY
REGION CODE ADDRESS : 3324 DIABLO WAY
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 363,672.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,388.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,480.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031822976 MORTGAGORS: ZOELLNER JERRY
ZOELLNER ALLYSON
REGION CODE ADDRESS : 16915 EAST COSTILLA AVENUE
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 303,325.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,076.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.97557
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,737,697.00
P & I AMT: 11,647.18
UPB AMT: 1,736,690.17
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031823131 MORTGAGORS: THOMAS RICHARD
REGION CODE ADDRESS : 4963 LOS FELIZ BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 622,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 622,014.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031823222 MORTGAGORS: LYNCH MICHAEL
CRAWFORD CYNTHIA
REGION CODE ADDRESS : 611 ST. MULBERRY COURT
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 299,592.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,352.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031823396 MORTGAGORS: STROM GERALD
STROM MARCIA
REGION CODE ADDRESS : 2170 VINEYARD ROAD
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,668.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,899.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.59400
----------------------------------------------------------------
0 0031823412 MORTGAGORS: KLEIN HENRY
REGION CODE ADDRESS : 483-485 15TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,609.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.96551
----------------------------------------------------------------
0 0031823446 MORTGAGORS: D'AQUILA DANIEL
BARRY JOAN
REGION CODE ADDRESS : 4 HISTORICAL WAY
01 CITY : CANTON
STATE/ZIP : MA 02021
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,804.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 92.59259
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,097,092.00
P & I AMT: 14,280.53
UPB AMT: 2,095,450.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031823594 MORTGAGORS: ALTMAN HARVEY
ALTMAN BARBARA
REGION CODE ADDRESS : 1721 ORANGE BLOSSOM WAY
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.39200
----------------------------------------------------------------
0 0031824071 MORTGAGORS: GOULD ALAN
REGION CODE ADDRESS : 2621 SAMARKAND DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 319,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,356.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031824097 MORTGAGORS: WHITE PAMELA
REGION CODE ADDRESS : 710 COMET DRIVE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,798.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.36132
----------------------------------------------------------------
0 0031824469 MORTGAGORS: LOWERY JAMES
LOWERY DENISE
REGION CODE ADDRESS : 5109 LAKE CREST CIRCLE,
01 CITY : BIRMINGHAM,
STATE/ZIP : AL 35226
MORTGAGE AMOUNT : 287,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,120.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031824824 MORTGAGORS: TRASK SHAWN
TRASK KRISTINE
REGION CODE ADDRESS : 1356 MEADOW COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,950.00
P & I AMT: 9,646.46
UPB AMT: 1,409,049.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031825110 MORTGAGORS: FASO MATTHEW
CONTEY MICHELLE
REGION CODE ADDRESS : 92 COVENTRY COURT
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,784.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031825136 MORTGAGORS: MISSIMER DALE
MISSIMER MARY
REGION CODE ADDRESS : 5 JOELLE HEIGHTS,
01 CITY : PETALUMA
STATE/ZIP : CA 94952
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031825433 MORTGAGORS: ANDERSON JAMES
ANDERSON SHELLY
REGION CODE ADDRESS : 10242 PINECASTLE STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 242,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,424.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.41700
----------------------------------------------------------------
0 0031825599 MORTGAGORS: HERMANRUD BENGT
BENNETT BRENDA
REGION CODE ADDRESS : 11 PHEASANT
01 CITY : TOPSFIELD
STATE/ZIP : MA 01983
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,453.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,765.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.75200
----------------------------------------------------------------
0 0031825839 MORTGAGORS: MURASE ICHIRO
HIBINO JUNE
REGION CODE ADDRESS : 10674 DRAKEWOOD AVENUE
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,795.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.11200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,600.00
P & I AMT: 10,187.64
UPB AMT: 1,459,235.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031825870 MORTGAGORS: WILKEN DENNIS
WILKEN RONDA
REGION CODE ADDRESS : 2468 CANYONWOOD DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,714.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.56 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031826126 MORTGAGORS: HENSON EDIZON
HENSON ELISA
REGION CODE ADDRESS : 9959 HUBER LANE
01 CITY : NILES
STATE/ZIP : IL 60714
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031826191 MORTGAGORS: FLEMING TODD
FLEMING SHARI
REGION CODE ADDRESS : 4529 EASTWOOD ROAD
01 CITY : MINNETONKA
STATE/ZIP : MN 55345
MORTGAGE AMOUNT : 619,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 617,982.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,118.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.35400
----------------------------------------------------------------
0 0031826209 MORTGAGORS: DAVIS MARK
DAVIS SANDRA
REGION CODE ADDRESS : 31 BELCREST,
01 CITY : LAGUNA NIGUEL,
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 482,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,623.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,288.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.36800
----------------------------------------------------------------
0 0031826225 MORTGAGORS: CHRISTENSEN THOR
CHRISTENSEN PATRICIA
REGION CODE ADDRESS : 2320 LAKE PLACE
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55409
MORTGAGE AMOUNT : 296,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,457.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,984,900.00
P & I AMT: 13,442.91
UPB AMT: 1,982,778.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031826233 MORTGAGORS: CASHMAN KEVIN
BOWMAN-CASHMAN JILL
REGION CODE ADDRESS : 7755 COUNTY RD 15
01 CITY : MINNETRISTA
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,597.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 73.79500
----------------------------------------------------------------
0 0031826241 MORTGAGORS: BROWN JAMES
BROWN SUZANN
REGION CODE ADDRESS : 2390 OVERLOOK COURT
01 CITY : STILLWATER
STATE/ZIP : MN 55082
MORTGAGE AMOUNT : 355,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,308.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,365.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.91000
----------------------------------------------------------------
0 0031826274 MORTGAGORS: STAFF MICHAEL
STAFF DANNA
REGION CODE ADDRESS : 12 OAK STREET
01 CITY : GRAYSLAKE
STATE/ZIP : IL 60030
MORTGAGE AMOUNT : 332,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031826373 MORTGAGORS: JENSEN H
JENSEN LORRAINE
REGION CODE ADDRESS : 495 NORTH ANGEL STREET
01 CITY : KAYSVILLE
STATE/ZIP : UT 84037
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,264.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,912.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.15800
----------------------------------------------------------------
0 0031826563 MORTGAGORS: MILFORD MATTHEW
REGION CODE ADDRESS : 7404 NICOLE CIRCLE
01 CITY : CHARLOTTE
STATE/ZIP : NC 28277
MORTGAGE AMOUNT : 261,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,490.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,300.00
P & I AMT: 9,939.92
UPB AMT: 1,481,160.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031826597 MORTGAGORS: DE MARIA NICHOLAS
DE MARIA KATHLEEN
REGION CODE ADDRESS : 12 STOWE DR.
01 CITY : SHAMONGTWP
STATE/ZIP : NJ 08088
MORTGAGE AMOUNT : 562,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 561,527.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,691.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.93300
----------------------------------------------------------------
0 0031826779 MORTGAGORS: METZ GREGORY
MADDOX-KERNEY JANET
REGION CODE ADDRESS : 231 FOREST AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,969.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031826829 MORTGAGORS: HILL WILLIAM
HILL ELIZABETH
REGION CODE ADDRESS : 19166 DORAL PLACE
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,789.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
0 0031827116 MORTGAGORS: WELSH LEALAND
WELSH JOYCE
REGION CODE ADDRESS : 25 LEALAND PECK DRIVE
01 CITY : WRENTHAM
STATE/ZIP : MA 02093
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.60 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/23
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 78.36900
----------------------------------------------------------------
0 0031827199 MORTGAGORS: WALKER JOHN
WALKER JENNIFER
REGION CODE ADDRESS : 11684 CYPRESS CANYON ROAD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 279,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,663.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,300.00
P & I AMT: 10,816.66
UPB AMT: 1,620,950.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031827256 MORTGAGORS: JOHNSON MICHAEL
JOHNSON LORETTA
REGION CODE ADDRESS : 7895 PASEO TULIPERO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 246,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,344.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99001
----------------------------------------------------------------
0 0031827298 MORTGAGORS: MOUNGER WILMER
MOUNGER KIM
REGION CODE ADDRESS : 86 SILVER SPRING ROAD
01 CITY : MILLBURN
STATE/ZIP : NJ 07041
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031827322 MORTGAGORS: MALLIE ANDRE
MALLIE MELINDA
REGION CODE ADDRESS : 1000 CONCHA STREET
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,615.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.69200
----------------------------------------------------------------
0 0031827421 MORTGAGORS: NGUYEN DUC
NGUYEN JENIFER
REGION CODE ADDRESS : 345 ARCO COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
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 : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 93.24700
----------------------------------------------------------------
0 0031827447 MORTGAGORS: MARTINEZ RAUL
REGION CODE ADDRESS : 5570 MCLEOD DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89120
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,609.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,342,550.00
P & I AMT: 9,214.69
UPB AMT: 1,341,167.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031827462 MORTGAGORS: RAMIREZ GENE
RAMIREZ CHERYL
REGION CODE ADDRESS : 55 ARENAS COUNT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,781.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031827520 MORTGAGORS: CARROLL JOHN
REGION CODE ADDRESS : 5801 SOUTH DRIVE
01 CITY : EDINA
STATE/ZIP : MN 55436
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,568.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------
0 0031827538 MORTGAGORS: SUTTER JOSEPH
SHEPARD STACY
REGION CODE ADDRESS : 1470 BRIARBERRY LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
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 : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031827553 MORTGAGORS: DANIELSEN JACK
DANIELSEN JOAN
REGION CODE ADDRESS : 6120 CHESHIRE LANE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55446
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,500.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.33700
----------------------------------------------------------------
0 0031827587 MORTGAGORS: TANAKA MASAO
REGION CODE ADDRESS : 1441 BRIARBERRY LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,464.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,506,000.00
P & I AMT: 10,298.80
UPB AMT: 1,502,866.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031827595 MORTGAGORS: HARMAN TORK
HARMAN SHEILA
REGION CODE ADDRESS : 4825 DEER VIEW RD
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52411
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,438.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031827611 MORTGAGORS: DECKAS CHRISTOPHER
DECKAS AMY
REGION CODE ADDRESS : 5100 GREEN FARMS ROAD
01 CITY : EDINA
STATE/ZIP : MN 55436
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,640.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,031.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031827652 MORTGAGORS: KOSIERADZKI MARK
FOX JOAN
REGION CODE ADDRESS : 565 LEAF STREET
01 CITY : ORONO
STATE/ZIP : MN 55356
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,478.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 48.87200
----------------------------------------------------------------
0 0031827686 MORTGAGORS: LEPAGE MICHAEL
LEPAGE JULIE
REGION CODE ADDRESS : 4010 BELL ROSE DRIVE
01 CITY : INDEPENDENCE
STATE/ZIP : MN 55357
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,526.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031827710 MORTGAGORS: GIBBS BENNETT
GIBBS JILL
REGION CODE ADDRESS : 1939 WOODSTONE LANE
01 CITY : VICTORIA
STATE/ZIP : MN 55386
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,556.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,683,000.00
P & I AMT: 11,291.75
UPB AMT: 1,680,639.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031828007 MORTGAGORS: MOORE PATRICK
WITNER PAULA
REGION CODE ADDRESS : 6324 BASELINE DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,704.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,395.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031828114 MORTGAGORS: LOPEZ GASTON
LOPEZ BRENDA
REGION CODE ADDRESS : 7907 MAESTRO AVENUE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 368,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,798.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,448.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031828197 MORTGAGORS: TRINH VINCENT
REGION CODE ADDRESS : 4267 LUCERO COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 247,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,331.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0031828213 MORTGAGORS: CASTILLO NICOLAS
CASTILLO ROSE
REGION CODE ADDRESS : 24692 PASEO DE TORONTO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,782.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031829260 MORTGAGORS: DIX NORMAN
DIX VALERIE
REGION CODE ADDRESS : 5701 BLANCO AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,789.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,906.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,583,800.00
P & I AMT: 10,947.39
UPB AMT: 1,582,407.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031829302 MORTGAGORS: SPRINTS MARTIN
SPRINTS MADELINE
REGION CODE ADDRESS : 860 LORRAINE BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90005
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,788.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.15700
----------------------------------------------------------------
0 0031829328 MORTGAGORS: BUSTES MELINDA
BUSTES VICTOR
REGION CODE ADDRESS : 1885 HIGH RIDGE AVENUE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
0 0031829344 MORTGAGORS: WHITE DARYL
SANCHEZ LUCINDA
REGION CODE ADDRESS : 28 TENNIS VILLAS DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,771.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031829369 MORTGAGORS: DE OBREGON MARIA
REGION CODE ADDRESS : 2384 FORT STOCKTON DRIVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.18181
----------------------------------------------------------------
0 0031829385 MORTGAGORS: ANDERSON ROGER
ANDERSON JUDY
REGION CODE ADDRESS : 6181 COUNTRY VIEW DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,731.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.78200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,666,000.00
P & I AMT: 11,496.42
UPB AMT: 1,664,728.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031829476 MORTGAGORS: BUNANTA SUSYRATI
REGION CODE ADDRESS : 23 COOLIDGE HILL ROAD
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02138
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,107.95 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0031829518 MORTGAGORS: ASAI TAKASHIGE
REGION CODE ADDRESS : 6500 KELLS COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,186.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.35100
----------------------------------------------------------------
0 0031829658 MORTGAGORS: LIU CHANGRUI
MENG ZHI
REGION CODE ADDRESS : 3110 GLENDON AVENUE,
01 CITY : LOS ANGELES,
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.48 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 89.85500
----------------------------------------------------------------
0 0031829757 MORTGAGORS: DEMERY KEVIN
DEMERY DONNA
REGION CODE ADDRESS : 12313 DUXBURY COURT
01 CITY : PLYMOUTH
STATE/ZIP : MI 48170
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,684.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031829781 MORTGAGORS: MORGAN JEREMY
MORGAN CAROLYN
REGION CODE ADDRESS : 21514 FOXRIDGE ROAD
01 CITY : WATERTOWN
STATE/ZIP : NY 13601
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,139.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.87300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,900.00
P & I AMT: 9,523.18
UPB AMT: 1,427,010.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 249
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031830094 MORTGAGORS: STEARMAN C
STEARMAN JENNIFER
REGION CODE ADDRESS : 26871 WYNDHURST COURT UNIT P202
01 CITY : BONITA SPRINGS
STATE/ZIP : FL 34134
MORTGAGE AMOUNT : 355,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,256.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,457.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 88.95000
----------------------------------------------------------------
0 0031830128 MORTGAGORS: MEYER MICHAEL
CASEY CAIT
REGION CODE ADDRESS : 4418 CAMPUS AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92116
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,523.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,000.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031830169 MORTGAGORS: PHILLIPS GREGG
PHILLIPS KATIE
REGION CODE ADDRESS : 6494 WEST 98TH DRIVE
01 CITY : WESTMINSTER
STATE/ZIP : CO 80021
MORTGAGE AMOUNT : 246,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,466.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031830177 MORTGAGORS: BIALOWAS GARY
BIALOWAS ISABEL
REGION CODE ADDRESS : 18209 NORTH 52ND WAY
01 CITY : PHOENIX
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 281,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,358.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.25300
----------------------------------------------------------------
0 0031830250 MORTGAGORS: MARSHALL WILLIAM
MARSHALL JODIE
REGION CODE ADDRESS : 495 BOBBYS LANE
01 CITY : HOLLISTER
STATE/ZIP : CA 95023
MORTGAGE AMOUNT : 285,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,571.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.95000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,050.00
P & I AMT: 10,030.86
UPB AMT: 1,465,177.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 250
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031830276 MORTGAGORS: KALANTZAKOS JOHN
KALANTZAKOS CHERYL
REGION CODE ADDRESS : 10 DEVONSHIRE PLACE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,343.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,732.83 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031830300 MORTGAGORS: SOLOMAN BRUCE
STRASSER SHERYL
REGION CODE ADDRESS : 10261 SOUTHWEST 40TH STREET
01 CITY : DAVIE
STATE/ZIP : FL 33328
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,526.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031830474 MORTGAGORS: ZUNKER PAUL
ZUNKER TRINA
REGION CODE ADDRESS : 3029 162ND PL SE
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,774.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.57 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031830623 MORTGAGORS: MCCULLOUGH MATTHEW
REGION CODE ADDRESS : 3567 BELVEDERE CIRCLE
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 244,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,904.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031830664 MORTGAGORS: SCHWARZ EARLE
SCHWARZ PATRICIA
REGION CODE ADDRESS : 342 ROSELAND PLACE
01 CITY : MEMPHIS
STATE/ZIP : TN 38111
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,462,100.00
P & I AMT: 9,688.77
UPB AMT: 1,458,346.74
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 251
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031831068 MORTGAGORS: HUANG CHUNSHENG
GUO YING
REGION CODE ADDRESS : 6951 GRANDWOOD WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 413,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,161.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.43200
----------------------------------------------------------------
0 0031831381 MORTGAGORS: FORMAN MITCHELL
FORMAN PATRICIA
REGION CODE ADDRESS : 5001 BELMONT ROAD
01 CITY : TAMPA
STATE/ZIP : FL 33647
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,621.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031831399 MORTGAGORS: DILLION JAMES
DILLION KRISTIN
REGION CODE ADDRESS : 4916 REMINGTON PARK DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 250,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,648.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.81000
----------------------------------------------------------------
0 0031831423 MORTGAGORS: ARMSTRONG PHILLIP
ARMSTRONG RITA
REGION CODE ADDRESS : 10140 NW 59TH DRIVE
01 CITY : PARKLAND
STATE/ZIP : FL 33076
MORTGAGE AMOUNT : 302,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,014.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.60500
----------------------------------------------------------------
0 0031831431 MORTGAGORS: MOORE PERRY
MOORE KATHRYN
REGION CODE ADDRESS : 2904 199TH AVENUE EAST
01 CITY : SUMNER
STATE/ZIP : WA 98390
MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 453,271.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,058.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 82.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,668,050.00
P & I AMT: 11,245.24
UPB AMT: 1,665,717.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 252
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031831464 MORTGAGORS: BADO PETER
BADO PATRICIA
REGION CODE ADDRESS : 3627 BECKET LANE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60564
MORTGAGE AMOUNT : 244,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,239.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 72.34300
----------------------------------------------------------------
0 0031831498 MORTGAGORS: MEYER DALE
MEYER LORI
REGION CODE ADDRESS : 24 QUAIL COURT
01 CITY : SIOUX CITY
STATE/ZIP : IA 51104
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,862.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031831506 MORTGAGORS: WAKEFIELD LOWELL
WAKEFIELD DARLENE
REGION CODE ADDRESS : 5621 ZUMBRA DRIVE
01 CITY : EXCELSIOR
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,561.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.53800
----------------------------------------------------------------
0 0031831522 MORTGAGORS: DECAGNY MATHILDE
REGION CODE ADDRESS : 619-621 CALIFORNIA AVENUE
01 CITY : VENICE
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,258.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,274.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031831571 MORTGAGORS: ELWELL GORDON
ELWELL MAUREEN
REGION CODE ADDRESS : 320 BROWNS CROSSING DRIVE
01 CITY : FAYETTEVILLE
STATE/ZIP : GA 30215
MORTGAGE AMOUNT : 264,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,475.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,569,350.00
P & I AMT: 10,903.19
UPB AMT: 1,566,396.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 253
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031831613 MORTGAGORS: VICK JOHN
VICK CATHERINE
REGION CODE ADDRESS : 40820 250TH AVENUE SOUTHEAST
01 CITY : ENUMCLAW
STATE/ZIP : WA 98022
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,510.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 87.14200
----------------------------------------------------------------
0 0031831639 MORTGAGORS: PAULSON BRIAN
REGION CODE ADDRESS : 3729 HEARST CASTLE WAY
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 252,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,014.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,743.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031831647 MORTGAGORS: PURAM PRAKASH
PURAM KAMALA
REGION CODE ADDRESS : 5700 LONG BRAKE TRAIL
01 CITY : EDINA
STATE/ZIP : MN 55439
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,988.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,941.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031831662 MORTGAGORS: BERTELSEN JOHN
BERTELSEN GEMMA
REGION CODE ADDRESS : 15 DUTCHTOWN-HARLINGEN ROAD
01 CITY : MONTGOMERY TWP
STATE/ZIP : NJ 08562
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,906.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031831688 MORTGAGORS: PATTERSON ANDREW
PATTERSON TINA
REGION CODE ADDRESS : 6684 WHITE GATE COURT
01 CITY : MARION
STATE/ZIP : IA 52302
MORTGAGE AMOUNT : 346,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,522.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,746,450.00
P & I AMT: 11,811.67
UPB AMT: 1,743,943.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 254
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031831712 MORTGAGORS: BOBROW ANDREW
BOBROW KATHY
REGION CODE ADDRESS : 3247 GRANVILLE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,406.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,312.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031831738 MORTGAGORS: PHELPS R
PHELPS ELLEN
REGION CODE ADDRESS : 1250 LONGMEADOW
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 628,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 623,047.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,233.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.59500
----------------------------------------------------------------
0 0031831795 MORTGAGORS: HAGEN STUART
HAGEN CHRISTINE
REGION CODE ADDRESS : 124 ST. PIERRE WAY,
01 CITY : MARTINEZ,
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,542.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 93.24183
----------------------------------------------------------------
0 0031831803 MORTGAGORS: LUONG DAVID
YEE HELEN
REGION CODE ADDRESS : 32764 SOUTH FOLKLORE LOOP,
01 CITY : UNION CITY,
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,797.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.29743
----------------------------------------------------------------
0 0031831811 MORTGAGORS: POHLMAN SCOTT
POHLMAN MARCY
REGION CODE ADDRESS : 6260 NIAGARA COURT
01 CITY : MAPLE GROVE
STATE/ZIP : MN 55311
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.91600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,778,400.00
P & I AMT: 11,973.20
UPB AMT: 1,771,598.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 255
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031831852 MORTGAGORS: MOSS HELMUT
REGION CODE ADDRESS : 75209 SPY GLASS DRIVE
01 CITY : INDIAN WELLS
STATE/ZIP : CA 92210
MORTGAGE AMOUNT : 450,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,729.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,149.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031831860 MORTGAGORS: DORSEY JOSEPH
DORSEY AMY
REGION CODE ADDRESS : LOT 103 NORTHWOOD ACRES
01 CITY : CARY
STATE/ZIP : IL 60013
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,793.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031831910 MORTGAGORS: MOORE GREGORY
MOORE DENISE
REGION CODE ADDRESS : 2160 HIGHLAND OAKS DRIVE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,634.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031831977 MORTGAGORS: FORE DAN
FORE RHONDA
REGION CODE ADDRESS : 2704 MILES CITY COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,293.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031832066 MORTGAGORS: STOFFLE SHANNON
STOFFLE CHRISTINE
REGION CODE ADDRESS : 48 WEST WASHINGTON ST
01 CITY : NEWNAN
STATE/ZIP : GA 30263
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,954.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,701,500.00
P & I AMT: 11,707.32
UPB AMT: 1,699,405.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 256
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031832116 MORTGAGORS: FLOWERS DONALD
FLOWERS DIANE
REGION CODE ADDRESS : 2202 WILD DUNES CIRCLE
01 CITY : KATY
STATE/ZIP : TX 77450
MORTGAGE AMOUNT : 316,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,767.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031832173 MORTGAGORS: MCMULLEN THOMAS
MCMULLEN TRUDY
REGION CODE ADDRESS : 11024 CAVELL CIRCLE
01 CITY : BLOOMINGTON
STATE/ZIP : MN 55438
MORTGAGE AMOUNT : 292,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,230.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031832181 MORTGAGORS: ANDERSON CARL
ANDERSON DORIAN
REGION CODE ADDRESS : 14 DEVERON DRIVE
01 CITY : MADISON
STATE/ZIP : CT 06443
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 : 09/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.06000
----------------------------------------------------------------
0 0031832207 MORTGAGORS: BAKER STEPHEN
BAKER LESLIE
REGION CODE ADDRESS : 7611 TRUXTON AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,575.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,941.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031832215 MORTGAGORS: MALECHA JAMES
MALECHA CORINNE
REGION CODE ADDRESS : 6695 SHERMAN LAKE ROAD
01 CITY : LINO LAKES
STATE/ZIP : MN 55038
MORTGAGE AMOUNT : 249,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,326.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.72700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,560,150.00
P & I AMT: 10,633.06
UPB AMT: 1,557,526.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 257
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031832322 MORTGAGORS: RIGSBY TERRY
RIGSBY LULU
REGION CODE ADDRESS : 1173 NORTH BERENICE DRIVE
01 CITY : BREA
STATE/ZIP : CA 92621
MORTGAGE AMOUNT : 267,520.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,101.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031832363 MORTGAGORS: SHERWOOD FRAN
SHERWOOD RUTH
REGION CODE ADDRESS : 251 ATLANTIC AVE
01 CITY : PALM BEACH
STATE/ZIP : FL 33483
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,537.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,916.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.58117
----------------------------------------------------------------
0 0031832397 MORTGAGORS: SCHOENBAUM ERIC
SCHOENBAUM MARCI
REGION CODE ADDRESS : 3605 LUY ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90034
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,301.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.02600
----------------------------------------------------------------
0 0031832462 MORTGAGORS: BARCLIFT ADOLPH
BARCLIFT ZEANTA
REGION CODE ADDRESS : 2328 HUNTER DRIVE
01 CITY : CHANHASSEN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,990.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031832496 MORTGAGORS: MOLOTKY MYRON
MOLOTKY DONNA
REGION CODE ADDRESS : 1970 EMERALD GLEN CT.,
01 CITY : ADA,
STATE/ZIP : MI 49301
MORTGAGE AMOUNT : 519,375.00 OPTION TO CONVERT :
UNPAID BALANCE : 517,856.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,676.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,660,895.00
P & I AMT: 11,436.84
UPB AMT: 1,657,788.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 258
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031832793 MORTGAGORS: GAYDOS CYRIL
GAYDOS KATE
REGION CODE ADDRESS : 3 TENNEY CIRCLE
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 333,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031832835 MORTGAGORS: STUDENT BERNARD
STUDENT LAURIE
REGION CODE ADDRESS : LOT #75, 33 NORTH MILL STREET
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,314.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031832892 MORTGAGORS: MARONDE MICHAEL
REGION CODE ADDRESS : 704 NOB AVENUE
01 CITY : DEL MAR
STATE/ZIP : CA 92014
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 : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.17500
----------------------------------------------------------------
0 0031833056 MORTGAGORS: ACCIAIOLI JAMES
ACCIAIOLI PATRICIA
REGION CODE ADDRESS : 6909 DANDISON
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48324
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,106.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.48100
----------------------------------------------------------------
0 0031833080 MORTGAGORS: BONACCINI PAUL
BONACCINI MAUDE
REGION CODE ADDRESS : 11765 SNOWFIELD COURT
01 CITY : TRAVERSE CITY
STATE/ZIP : MI 49686
MORTGAGE AMOUNT : 327,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,264.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,260.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.17600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,841,050.00
P & I AMT: 12,587.68
UPB AMT: 1,837,121.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 259
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031833338 MORTGAGORS: STELLE JERRY
STELLE SANDRA
REGION CODE ADDRESS : 31450 GLENBRIDGE ROAD
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 437,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,659.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,981.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 51.41176
----------------------------------------------------------------
0 0031833395 MORTGAGORS: ROTHFUS D
ROTHFUS DOROTHY
REGION CODE ADDRESS : 22626 SE 47TH COURT
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,588.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.96200
----------------------------------------------------------------
0 0031833403 MORTGAGORS: HORAN ROBERT
HORAN ROSANNE
REGION CODE ADDRESS : 1300 LOG CABIN LANE
01 CITY : LADUE
STATE/ZIP : MO 63124
MORTGAGE AMOUNT : 527,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 526,012.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,639.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.26600
----------------------------------------------------------------
0 0031833429 MORTGAGORS: CLARKE BRADLEY
CLARKE KATHLEEN
REGION CODE ADDRESS : 11 BONNY ROAD
01 CITY : BROOKFEILD
STATE/ZIP : CT 06804
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,551.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,187.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.84400
----------------------------------------------------------------
0 0031833452 MORTGAGORS: GILLIS TIMOTHY
REGION CODE ADDRESS : 1062 VIA VERA CRUZ
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 242,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,856.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,765,050.00
P & I AMT: 12,102.06
UPB AMT: 1,762,668.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 260
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031833478 MORTGAGORS: SZPEKMAN ANDREW
SZPEKMAN KATHERINE
REGION CODE ADDRESS : 8 BOG MEADOW LANE
01 CITY : HAMPTON
STATE/ZIP : NJ 08827
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.17000
----------------------------------------------------------------
0 0031833494 MORTGAGORS: MULA RICHARD
DEETH-MULA ALISON
REGION CODE ADDRESS : 1085 GALESMOORE COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 90361
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,456.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 69.93000
----------------------------------------------------------------
0 0031833502 MORTGAGORS: FUGATE GARY
FUGATE DONG
REGION CODE ADDRESS : 4640 DE GREY LANE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,582.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031833577 MORTGAGORS: STEPHENSON MARK
STEPHENSON KIMBERLEE
REGION CODE ADDRESS : 7099 ORCHARD STREET
01 CITY : ARVADA
STATE/ZIP : CO 80007
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,295.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031833585 MORTGAGORS: SHIMOMA ISAMU
SHIMOMA YOKO
REGION CODE ADDRESS : 1161 ALDER LANE
01 CITY : BARTLETT
STATE/ZIP : IL 60103
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 : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.86000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,446,800.00
P & I AMT: 9,771.87
UPB AMT: 1,444,858.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 261
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031833627 MORTGAGORS: TENNISON GLEN
REGION CODE ADDRESS : 778 16TH PLACE
01 CITY : MUKILTEO
STATE/ZIP : WA 98275
MORTGAGE AMOUNT : 260,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,520.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031833643 MORTGAGORS: DAVIS BARRY
DAVIS DIANE
REGION CODE ADDRESS : 3830 NORTHEAST 32ND AVENUE
01 CITY : PORTLAND
STATE/ZIP : OR 97212
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.12000
----------------------------------------------------------------
0 0031833676 MORTGAGORS: SHANNON JEFFREY
SHANNON SALLEY
REGION CODE ADDRESS : 2500 HAYMON COURT
01 CITY : CHARLOTTE
STATE/ZIP : NC 28270
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,390.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,560.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.02800
----------------------------------------------------------------
0 0031833692 MORTGAGORS: HORTON WINFORD
REGION CODE ADDRESS : 113 KORTNEY DRIVE
01 CITY : WEATHERFORD
STATE/ZIP : TX 76008
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,022.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,325.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031833866 MORTGAGORS: FOTOPOULOS FRANK
FOTOPOULOS LILLY
REGION CODE ADDRESS : 4912 SEA PINES DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,246.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,589,450.00
P & I AMT: 10,901.97
UPB AMT: 1,586,734.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 262
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031833874 MORTGAGORS: BEARD THOMAS
REGION CODE ADDRESS : 925 RIDGE VIEW DRIVE
01 CITY : HEALDSBURG
STATE/ZIP : CA 95448
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,800.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.92307
----------------------------------------------------------------
0 0031833916 MORTGAGORS: EZELL WILLIAM
EZELL CYNTHIA
REGION CODE ADDRESS : 500 GLEN ECHO ROAD
01 CITY : NAPERVILLE
STATE/ZIP : IL 60565
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,645.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.75700
----------------------------------------------------------------
0 0031833932 MORTGAGORS: MARTINSSON CURTIS
REGION CODE ADDRESS : 1204 WEST SHARON ROAD
01 CITY : SANTA ANA
STATE/ZIP : CA 92706
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,375.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031834351 MORTGAGORS: WHITING FREDRICK
WHITING SHANNON
REGION CODE ADDRESS : 13240 MARGATE STREET
01 CITY : SHERMAN OAKS AREA VAN NU
STATE/ZIP : CA 91401
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.05633
----------------------------------------------------------------
0 0031834369 MORTGAGORS: TAMASHIRO ALAN
REGION CODE ADDRESS : 745 ULUMAIKA STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96816
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.86 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 49.54900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,000.00
P & I AMT: 8,753.25
UPB AMT: 1,289,605.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 263
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031834393 MORTGAGORS: PEDERSON SCOTT
PEDERSON KAREN
REGION CODE ADDRESS : 17806 NORTHEAST 138TH COURT
01 CITY : REDMOND
STATE/ZIP : WA 98052
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031834419 MORTGAGORS: SHAH YASHVANT
SHAH PRATIMA
REGION CODE ADDRESS : 1014 JASON PLACE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,796.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031834518 MORTGAGORS: AHMAD MUBASHAR
AHMAD RASHIDA
REGION CODE ADDRESS : 14571 SAWLEAF AVENUE
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,804.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.68300
----------------------------------------------------------------
0 0031835283 MORTGAGORS: RICHMOND ROY
RICHMOND ELLEN
REGION CODE ADDRESS : 524 DAVEY GLEN ROAD
01 CITY : BELMONT
STATE/ZIP : CA 94002
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 : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031835291 MORTGAGORS: STEINMETZ MATTHEW
CLARK JANA
REGION CODE ADDRESS : 548 LAIDLEY STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 335,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,344.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,317.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.57700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,600.00
P & I AMT: 10,246.90
UPB AMT: 1,501,426.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 264
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031835317 MORTGAGORS: GARRETT WAYNE
REGION CODE ADDRESS : 96 MUSEUM WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,755.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.73900
----------------------------------------------------------------
0 0031835325 MORTGAGORS: PETRUNICH BRIAN
PETRUNICH CLAUDIA
REGION CODE ADDRESS : 2624 ROSCOMARE RD.,
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
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 : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 42.85700
----------------------------------------------------------------
0 0031835333 MORTGAGORS: MALLON KEVIN
MALLON TERIA
REGION CODE ADDRESS : 1280 BROOKINGS LANE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,711.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,135.02 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 61.32000
----------------------------------------------------------------
0 0031835341 MORTGAGORS: MAVAR JOHN
MAVAR HOLLY
REGION CODE ADDRESS : 27649 PALOS VERDES DRIVE EAST
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 465,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,254.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031835358 MORTGAGORS: YALIAN IRAJ
MEHRABANIAN FARIDEH
REGION CODE ADDRESS : 478 S WILLAMAN DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.61200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,717,600.00
P & I AMT: 11,745.20
UPB AMT: 1,716,249.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 265
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031835366 MORTGAGORS: EGGER MICHAEL
EGGER SHELLEY
REGION CODE ADDRESS : 22 NEVA COURT
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,664.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,933.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.35400
----------------------------------------------------------------
0 0031835374 MORTGAGORS: GIBSON MICHAEL
GIBSON ELENA
REGION CODE ADDRESS : 559 DUBLIN WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,706.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,666.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.19700
----------------------------------------------------------------
0 0031835382 MORTGAGORS: QUAN GLENN
WEINTRAUB HILDA
REGION CODE ADDRESS : 2417 SANTA CRUZ COURT
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,728.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031835390 MORTGAGORS: FORSBERG ERIK
REGION CODE ADDRESS : 1415 N TIGERTAIL ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,613.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,021.88 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.50000
----------------------------------------------------------------
0 0031835408 MORTGAGORS: VENTURINI RICHARD
VENTURINI LYNNE
REGION CODE ADDRESS : 3340 PALOS VERDES DRIVE EAST
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.55900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,991,000.00
P & I AMT: 13,501.94
UPB AMT: 1,989,427.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 266
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031835416 MORTGAGORS: RUSLI FITALI
DU JAJE
REGION CODE ADDRESS : 1405 CABRILLO
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,662.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,947.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031835440 MORTGAGORS: CATALLI PETER
REGION CODE ADDRESS : 526 MARLIN DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,810.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.47600
----------------------------------------------------------------
0 0031835457 MORTGAGORS: CHAO JACK
CHAO MARINA
REGION CODE ADDRESS : 1411-1413 VILLAGE COURT
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,685.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031835481 MORTGAGORS: STABILE RICHARD
STABILE SHARON
REGION CODE ADDRESS : 2343 EAST AVENIDA OTONO
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,770.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031835572 MORTGAGORS: MORGAN TYLER
MORGAN JODI
REGION CODE ADDRESS : 114 VIA HERMOSA
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,797.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.33333
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,671,000.00
P & I AMT: 11,542.14
UPB AMT: 1,669,726.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 267
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031835721 MORTGAGORS: BOCCHINI WILLIAM
BOCCHINI CAROLE
REGION CODE ADDRESS : 444 CANYON CREST DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,975.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031836265 MORTGAGORS: DWYER ROBERT
LUECK LORI
REGION CODE ADDRESS : 3040 EAST INVERNESS AVENUE
01 CITY : MESA
STATE/ZIP : AZ 85204
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,789.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.69600
----------------------------------------------------------------
0 0031836315 MORTGAGORS: HANCOCK ROBERT
HANCOCK PEGGY
REGION CODE ADDRESS : 14547 BOULDER POINT ROAD
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,404.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,499.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.96200
----------------------------------------------------------------
0 0031836323 MORTGAGORS: JAAFAR HAMEDO
REGION CODE ADDRESS : 11600 LANDING ROAD
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 360,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,504.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,400.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031836356 MORTGAGORS: SMITH DOUGLAS
SMITH ROBAN
REGION CODE ADDRESS : 6200 DEERWOOD LANE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55442
MORTGAGE AMOUNT : 381,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,287.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,663,600.00
P & I AMT: 11,169.81
UPB AMT: 1,661,961.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 268
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031836497 MORTGAGORS: HAYNES MIKE
MADDOX-HAYNES NANCI
REGION CODE ADDRESS : 251 COON HEIGHTS ROAD
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,798.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031836646 MORTGAGORS: THOMSON RANDALL
THOMSON SHAUNA
REGION CODE ADDRESS : 5953 MARETA LANE
01 CITY : LOOMIS
STATE/ZIP : CA 95650
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.44 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.39394
----------------------------------------------------------------
0 0031837644 MORTGAGORS: KRUG MARK
KRUG CHERYL
REGION CODE ADDRESS : 2192 LAGUNA ROAD
01 CITY : SANTA ROSA
STATE/ZIP : CA 95401
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 : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031837693 MORTGAGORS: TURLEY KIMBRA
BELLIVEAU KIM
REGION CODE ADDRESS : 146 SEACLIFF DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,770.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031837735 MORTGAGORS: JARED DREW
JARED ALLISON
REGION CODE ADDRESS : 25723 SE 25TH WAY
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 353,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,633.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,379.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.58300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,000.00
P & I AMT: 9,301.65
UPB AMT: 1,376,025.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 269
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031837743 MORTGAGORS: WARD PATRICK
WARD JENNIFER
REGION CODE ADDRESS : 1958 5TH AVENUE WEST
01 CITY : SEATTLE
STATE/ZIP : WA 98119
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,378.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031837800 MORTGAGORS: BABBITT DAVID
BABBITT CAROLYN
REGION CODE ADDRESS : 10901 188TH AVENUE EAST
01 CITY : BONNEY LAKE
STATE/ZIP : WA 98390
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,302.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.39500
----------------------------------------------------------------
0 0031837883 MORTGAGORS: TRAN KATHY
NGUYEN MINH
REGION CODE ADDRESS : 32683 FOXGLOVE WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,560.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98894
----------------------------------------------------------------
0 0031837958 MORTGAGORS: GUPTA RAVINDER
GUPTA SHALINI
REGION CODE ADDRESS : 23 LILY COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 335,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,687.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.72300
----------------------------------------------------------------
0 0031838311 MORTGAGORS: SCHMALZ JULIUS
SCHMALZ CECILIA
REGION CODE ADDRESS : 4903 KAYLAN COURT
01 CITY : RICHMOND
STATE/ZIP : TX 77469
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,505.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,491,850.00
P & I AMT: 10,160.18
UPB AMT: 1,490,434.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 270
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031838519 MORTGAGORS: FAIRTLOUGH JONATHAN
FAIRTLOUGH KERRY
REGION CODE ADDRESS : 1748 AMARELLE STREET
01 CITY : CITY OF THOUSAND OAKS
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,805.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031838535 MORTGAGORS: DILL ANTHONY
REGION CODE ADDRESS : 1288 GLEN OAKS BLVD.
01 CITY : PASADENA
STATE/ZIP : CA 91105
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,586.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,615.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.28104
----------------------------------------------------------------
0 0031838709 MORTGAGORS: SHAHA SANJEEV
SHAHA SONIYA
REGION CODE ADDRESS : 2651 HARVEST CREST LANE
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 269,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,739.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0031838717 MORTGAGORS: SINGH GHAN
SINGH HARPREET
REGION CODE ADDRESS : 59 LEGACY WAY
01 CITY : IRVINE
STATE/ZIP : CA 92602
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.95500
----------------------------------------------------------------
0 0031838790 MORTGAGORS: GIAMBONE ANTHONY
GIAMBONE ELIZABETH
REGION CODE ADDRESS : 7085 ASHLEY DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,919.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,841,950.00
P & I AMT: 12,617.53
UPB AMT: 1,841,131.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 271
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031839251 MORTGAGORS: ZAKHEIM ROBERT
REGION CODE ADDRESS : 14859 RICHARDS DRIVE
01 CITY : MINNETONKA
STATE/ZIP : MN 55345
MORTGAGE AMOUNT : 318,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,976.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031839269 MORTGAGORS: REESE TIMOTHY
REESE ELIZABETH
REGION CODE ADDRESS : 4115 GREYSTONE DR NE
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52411
MORTGAGE AMOUNT : 348,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,641.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,345.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.55600
----------------------------------------------------------------
0 0031839277 MORTGAGORS: RAY WILLIAM
RAY PATRICIA
REGION CODE ADDRESS : 2616 W. 44TH STREET
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55410
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,442.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.00000
----------------------------------------------------------------
0 0031839293 MORTGAGORS: BELL SCOTT
REGION CODE ADDRESS : 510 EVERGREEN LANE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55441
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,562.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 62.75800
----------------------------------------------------------------
0 0031839384 MORTGAGORS: PERTILE TERENCE
PERTILE LISA
REGION CODE ADDRESS : 3627 RODEO DRIVE
01 CITY : BLAINE
STATE/ZIP : MN 55449
MORTGAGE AMOUNT : 343,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,425.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,639,400.00
P & I AMT: 11,048.27
UPB AMT: 1,637,047.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 272
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031839400 MORTGAGORS: BURNS JOHN
BURNS AUTUMN
REGION CODE ADDRESS : 830 STERLING AVE
01 CITY : GENEVA
STATE/ZIP : IL 60134
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,437.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,562.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031839426 MORTGAGORS: SIGEL DAVID
SIGEL MOLLY
REGION CODE ADDRESS : 20395 LINDEN ROAD
01 CITY : DEEPHAVEN
STATE/ZIP : MN 55391
MORTGAGE AMOUNT : 423,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,631.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,982.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.96200
----------------------------------------------------------------
0 0031839442 MORTGAGORS: TSCHETTER RONALD
REGION CODE ADDRESS : 10855 57TH AVENUE NORTH
01 CITY : PLYMOUTH
STATE/ZIP : MN 55442
MORTGAGE AMOUNT : 268,739.38 OPTION TO CONVERT :
UNPAID BALANCE : 268,188.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/24
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.03500
----------------------------------------------------------------
0 0031839509 MORTGAGORS: HOXENG CARL
HOXENG DENISE
REGION CODE ADDRESS : 147 EAST VINEDO LANE
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 289,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,135.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031839533 MORTGAGORS: MICHALIK MICHAEL
SKARDA PAULA
REGION CODE ADDRESS : 1795 BOHLAND AVENUE
01 CITY : ST. PAUL
STATE/ZIP : MN 55116
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,581.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,339.38
P & I AMT: 10,208.82
UPB AMT: 1,482,973.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 273
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031839574 MORTGAGORS: JANETKA JOSEPH
JANETKA GENA
REGION CODE ADDRESS : 3505 COUNTY ROAD 19
01 CITY : MEDINA
STATE/ZIP : MN 55359
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,397.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031839947 MORTGAGORS: DALTON PETER
DALTON KRISTA
REGION CODE ADDRESS : 224 SIXTEENTH AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95062
MORTGAGE AMOUNT : 447,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 446,805.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.47 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031840168 MORTGAGORS: LAPIDUS MARILYN
REGION CODE ADDRESS : 114 WATERSIDE DRIVE PO BOX 1675
01 CITY : NORTH FALMOUTH
STATE/ZIP : MA 02556
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,517.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 44.82758
----------------------------------------------------------------
0 0031840283 MORTGAGORS: VINCENT NICHOLAS
REGION CODE ADDRESS : 2105 PULLMAN LANE # B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.48700
----------------------------------------------------------------
0 0031840317 MORTGAGORS: FRANKLIN TERRY
FRANKLIN JAN
REGION CODE ADDRESS : 16350 JAMES COURT
01 CITY : RIVERSIDE
STATE/ZIP : CA 92504
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,800.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.87013
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,927,000.00
P & I AMT: 13,093.70
UPB AMT: 1,925,279.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 274
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031840374 MORTGAGORS: WILLIAMS HENRY
WILLIAMS SHEILA
REGION CODE ADDRESS : 18588 LOCKSLEY STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031840457 MORTGAGORS: KINNEY ROBERT
KINNEY MARY JO
REGION CODE ADDRESS : 2126 ARALIA STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.67 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 73.07692
----------------------------------------------------------------
0 0031840671 MORTGAGORS: SPEAKMAN RON
SPEAKMAN WENDY
REGION CODE ADDRESS : 285 CAMARILLO DRIVE
01 CITY : (CAMARILLO AREA)
STATE/ZIP : CA 93010
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.68400
----------------------------------------------------------------
0 0031840705 MORTGAGORS: VERA EDWARD
VERA CAMELIA
REGION CODE ADDRESS : 416 DAROCA AVENUE
01 CITY : SAN GABRIEL
STATE/ZIP : CA 91775
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,808.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.35500
----------------------------------------------------------------
0 0031840739 MORTGAGORS: HUCKEMEYER DANIEL
HUCKEMEYER LISA
REGION CODE ADDRESS : 27927 NORTH BROOKDALE COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,814.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,000.00
P & I AMT: 10,930.72
UPB AMT: 1,609,057.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 275
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031840747 MORTGAGORS: ENGLISH TIMOTHY
REGION CODE ADDRESS : 3121 FREDERICK STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 321,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,249.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.64700
----------------------------------------------------------------
0 0031840754 MORTGAGORS: WISEMAN LINN
WISEMAN KARIN
REGION CODE ADDRESS : 23221 CONTINENTAL DRIVE
01 CITY : CANYON LAKE
STATE/ZIP : CA 92587
MORTGAGE AMOUNT : 280,425.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,211.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 81.28260
----------------------------------------------------------------
0 0031840804 MORTGAGORS: SCHLAIS WARNER
SCHLAIS MONICA
REGION CODE ADDRESS : 4 BUFFALO ROAD
01 CITY : NORTH OAKS
STATE/ZIP : MN 55127
MORTGAGE AMOUNT : 616,479.53 OPTION TO CONVERT :
UNPAID BALANCE : 615,435.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,309.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.54400
----------------------------------------------------------------
0 0031840812 MORTGAGORS: HARDINGER DAVID
HARDINGER MARY
REGION CODE ADDRESS : 3418 RIVER RIDGE CT NE
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52402
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,541.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.04100
----------------------------------------------------------------
0 0031840820 MORTGAGORS: WACHBRIT MICHAEL
WACHBRIT JILL
REGION CODE ADDRESS : 11124 VIKING AVENUE
01 CITY : NORTHRIDGE AREA
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,808.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.03225
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,404.53
P & I AMT: 11,966.80
UPB AMT: 1,740,246.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 276
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031840838 MORTGAGORS: ROCHE WILLIAM
HINTZ JILL
REGION CODE ADDRESS : 46 FOREST TRAIL
01 CITY : MAHTOMEDI
STATE/ZIP : MN 55115
MORTGAGE AMOUNT : 379,540.65 OPTION TO CONVERT :
UNPAID BALANCE : 379,225.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.66100
----------------------------------------------------------------
0 0031840861 MORTGAGORS: TRUDEAU SHERRY
TRUDEAU DANIEL
REGION CODE ADDRESS : 1298 INGERSON ROAD
01 CITY : ARDEN HILLS
STATE/ZIP : MN 55112
MORTGAGE AMOUNT : 299,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,207.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031840911 MORTGAGORS: HELLER ALLEN
HELLER ELIZABETH
REGION CODE ADDRESS : 6 HUNTERS RIDGE
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 399,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,996.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,757.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.93641
----------------------------------------------------------------
0 0031840952 MORTGAGORS: SOLIMAN IHAB
SOLIMAN MAGDA
REGION CODE ADDRESS : 23931 STILLWATER LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031840960 MORTGAGORS: AMRUTHKUMAR HAROLD
AMRUTHKUMAR IRENE
REGION CODE ADDRESS : 4950 ARIANO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,730.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,723,540.65
P & I AMT: 11,785.22
UPB AMT: 1,721,931.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 277
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031841059 MORTGAGORS: LEAHY CHRISTOPHER
LEAHY LORI
REGION CODE ADDRESS : 4748 EAST SOMERTON AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 293,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,876.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.27500
----------------------------------------------------------------
0 0031841067 MORTGAGORS: SANDHU GURDIAL
SANDHU RAJINDER
REGION CODE ADDRESS : 1720 LA LUNA COURT
01 CITY : SAN LUIS OBISPO
STATE/ZIP : CA 93405
MORTGAGE AMOUNT : 258,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,703.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.79214
----------------------------------------------------------------
0 0031841257 MORTGAGORS: DAVIDSON DANIEL
REGION CODE ADDRESS : 1454 SEA RIDGE DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,700.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.19100
----------------------------------------------------------------
0 0031841265 MORTGAGORS: YEARBY BOBBY
YEARBY LINDA
REGION CODE ADDRESS : 25351 NORTH GOLD RIDGE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 341,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,233.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,329.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.91700
----------------------------------------------------------------
0 0031841299 MORTGAGORS: SOIKKELI M.
BARONE DONALYN
REGION CODE ADDRESS : 3132 BERKELEY CIRCLE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 250,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,999.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,700.00
P & I AMT: 10,354.27
UPB AMT: 1,517,513.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 278
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031841315 MORTGAGORS: THOMPSON MICHAEL
THOMPSON JEANETTE
REGION CODE ADDRESS : 11721 CHERRY STREET
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,800.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.64705
----------------------------------------------------------------
0 0031841356 MORTGAGORS: KASLER WILLIAM
KASLER JOAN
REGION CODE ADDRESS : 30 CYPRESS WAY
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 254,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,546.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.84700
----------------------------------------------------------------
0 0031841414 MORTGAGORS: LOVE LOREN
WAREN REBECCA
REGION CODE ADDRESS : 216 EAST BAY AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 396,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,975.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.74300
----------------------------------------------------------------
0 0031841430 MORTGAGORS: COHEN FREDERICK
COHEN CYNTHIA
REGION CODE ADDRESS : 17 ASHTON
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,699.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,937.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.30100
----------------------------------------------------------------
0 0031841448 MORTGAGORS: STUART ROBERT
STUART LORI
REGION CODE ADDRESS : 240&240 1/2 QUINCY AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
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 : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.14500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,643,050.00
P & I AMT: 11,275.45
UPB AMT: 1,641,782.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 279
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031841471 MORTGAGORS: OHM GARY
OHM LISA
REGION CODE ADDRESS : 5452 N LOWELL
01 CITY : CHICAGO
STATE/ZIP : IL 60646
MORTGAGE AMOUNT : 356,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,528.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,464.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031841489 MORTGAGORS: CURCIO TIMOTHY
CURCIO PAULA
REGION CODE ADDRESS : 11941 MALLOT PLACE
01 CITY : LOS ANGELES GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,765.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.44444
----------------------------------------------------------------
0 0031841547 MORTGAGORS: CHU YUH-YI
LIU ANGELA
REGION CODE ADDRESS : 11830 EDDLESTON DRIVE
01 CITY : LOS ANGELES,NORTHRIDGE AR
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,777.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.21951
----------------------------------------------------------------
0 0031841570 MORTGAGORS: JONES KENNETH
JONES PATRICIA
REGION CODE ADDRESS : 424 VIRGINIA STREET
01 CITY : EL SEGUNDO
STATE/ZIP : CA 90245
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,794.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.05200
----------------------------------------------------------------
0 0031841588 MORTGAGORS: SULIT JEOPHREY
SULIT LUCY
REGION CODE ADDRESS : 7765 SALIX PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
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 : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.41176
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,800.00
P & I AMT: 10,246.93
UPB AMT: 1,495,639.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 280
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031841604 MORTGAGORS: KRAMER DAVID
KRAMER JEANNE
REGION CODE ADDRESS : 4630 FAIRLANE STREET
01 CITY : ACTON AREA
STATE/ZIP : CA 93510
MORTGAGE AMOUNT : 251,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,183.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.58 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 86.68965
----------------------------------------------------------------
0 0031841638 MORTGAGORS: ZIOLKOWSKI CHARLES
ZIOLKOWSKI YVETTE
REGION CODE ADDRESS : 5422 PRAIRIE LOOP
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,724.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,500.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.40000
----------------------------------------------------------------
0 0031841679 MORTGAGORS: NEUFELD DONN
NEUFELD MARY
REGION CODE ADDRESS : 1887 PRAED STREET
01 CITY : RIVERSIDE AREA COUNTY OF
STATE/ZIP : CA 92503
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,811.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.01600
----------------------------------------------------------------
0 0031842073 MORTGAGORS: RUSSO-LARSSON THEODOR
RUSSO-LARSSON GAIL
REGION CODE ADDRESS : 1812 PORT STANHOPE PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,697.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.92254
----------------------------------------------------------------
0 0031842099 MORTGAGORS: STAHLY LARRY
STAHLY GLORIA
REGION CODE ADDRESS : 1290 SPANISH CAMP ROAD
01 CITY : PASO ROBLES
STATE/ZIP : CA 93446
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,691.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,920.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,400.00
P & I AMT: 10,082.60
UPB AMT: 1,488,109.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 281
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031842180 MORTGAGORS: TURNER JAMES
HEINEMAN BARBARA
REGION CODE ADDRESS : 1020 HELM LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,793.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 58.76288
----------------------------------------------------------------
0 0031842222 MORTGAGORS: GOLDSTEIN BENSON
GOLDSTEIN LINDA
REGION CODE ADDRESS : 25342 JOYCE PLACE
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
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 : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031842255 MORTGAGORS: DEFORD GEORGE
DEFORD KATHY
REGION CODE ADDRESS : 29 RED ROCK LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------
0 0031842321 MORTGAGORS: FLORES PAUL
FLORES KAREN
REGION CODE ADDRESS : 1054 VIA VERA CRUZ
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,201.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.97602
----------------------------------------------------------------
0 0031842412 MORTGAGORS: BAKER DAVID
BAKER EILEEN
REGION CODE ADDRESS : 2108 SUNSPRITE DRIVE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,743.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,003.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98993
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,425,400.00
P & I AMT: 9,677.49
UPB AMT: 1,424,313.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 282
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031842420 MORTGAGORS: AZAR MICHAEL
WANG HUI-CHI
REGION CODE ADDRESS : 32716 SOUTH FOLKLORE LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 307,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,291.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.39 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98990
----------------------------------------------------------------
0 0031842453 MORTGAGORS: ZHANG YONG
LIU MEI
REGION CODE ADDRESS : 6 HOLTZ COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 269,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,089.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98431
----------------------------------------------------------------
0 0031842479 MORTGAGORS: FROLICH CURTIS
KEARN-FROLICH ESTHER
REGION CODE ADDRESS : 5005 ZINFANDEL LANE
01 CITY : VALLEJO
STATE/ZIP : CA 94591
MORTGAGE AMOUNT : 253,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,052.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.98900
----------------------------------------------------------------
0 0031842594 MORTGAGORS: SHRUM-BROWN JOAN
REGION CODE ADDRESS : 994 BLUEBIRD CANYON DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,762.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 57.90400
----------------------------------------------------------------
0 0031842628 MORTGAGORS: MCLENDON MADELEINE
REGION CODE ADDRESS : 1871 CATALINA STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,424.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,603.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.26600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,100.00
P & I AMT: 10,262.79
UPB AMT: 1,509,621.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 283
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031842651 MORTGAGORS: CHAUHAN SATISH
CHAUHAN VEENA
REGION CODE ADDRESS : 2125 QUINTARA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,762.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.11 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 76.48648
----------------------------------------------------------------
0 0031842669 MORTGAGORS: YOUNG JAMES
YOUNG SHERYL
REGION CODE ADDRESS : 3500 LAWTON STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,785.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.06600
----------------------------------------------------------------
0 0031842685 MORTGAGORS: PABLO EDMUNDO
LEAGUE-PABLO DAWN
REGION CODE ADDRESS : 1922 ULUWEHI PLACE
01 CITY : HONOLULU
STATE/ZIP : HI 96822
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,424.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,418.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 82.52800
----------------------------------------------------------------
0 0031842719 MORTGAGORS: DARTY GREGORY
DARTY DIANA
REGION CODE ADDRESS : 4221 MONTEITH DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90043
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,735.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.11100
----------------------------------------------------------------
0 0031842776 MORTGAGORS: BELFER MILTON
BELFER CHERYL
REGION CODE ADDRESS : 1640 ALDERCREEK PLACE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,480.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,379.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.56756
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,937,000.00
P & I AMT: 13,166.86
UPB AMT: 1,935,187.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 284
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031842784 MORTGAGORS: LAGACE ADELAIDA
REGION CODE ADDRESS : 664 VANESSA DRIVE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,507.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031842842 MORTGAGORS: WALLACE ARNOLD
WALLACE ANN
REGION CODE ADDRESS : 2860 WOODSTOCK ROAD
01 CITY : SANTA YNEZ
STATE/ZIP : CA 93460
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,627.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,645.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.53500
----------------------------------------------------------------
0 0031842875 MORTGAGORS: BERTONI SAM
BERTONI LINDSEY
REGION CODE ADDRESS : 1836 TAHITI DRIVE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,349.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031842925 MORTGAGORS: WRIGHT DOUGLAS
WRIGHT ARLENE
REGION CODE ADDRESS : 12540 ALLENDALE CIRCLE
01 CITY : FORT MEYERS
STATE/ZIP : FL 33912
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,798.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,697.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031843832 MORTGAGORS: FAULKNER TODD
FAULKNER STEPHANIE
REGION CODE ADDRESS : 1345 WEST VALLEY VIEW DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92833
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,592.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.30300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,646,350.00
P & I AMT: 11,294.47
UPB AMT: 1,644,874.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 285
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031843881 MORTGAGORS: GIBSON THOMAS
GIBSON RONNA
REGION CODE ADDRESS : 718 HUERTA VERDE ROAD
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,828.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.00000
----------------------------------------------------------------
0 0031843931 MORTGAGORS: SOTO WILLIAM
SOTO DENISE
REGION CODE ADDRESS : 27 GOLDEN STAR
01 CITY : IRVINE
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,745.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.69879
----------------------------------------------------------------
0 0031844210 MORTGAGORS: FEINBERG COLMAN
FEINBERG SHIRLEY
REGION CODE ADDRESS : 11332 WESTLAND CIRCLE
01 CITY : BOYNTON BEACH
STATE/ZIP : FL 33437
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 : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031844442 MORTGAGORS: BROWN MICHAEL
REGION CODE ADDRESS : 108 TURNBERRY ROAD
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,759.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.16600
----------------------------------------------------------------
0 0031844889 MORTGAGORS: STOLBERG HOWARD
STOLBERG LINDA
REGION CODE ADDRESS : 2288 AVALON DRIVE
01 CITY : BUFFALO GROVE
STATE/ZIP : IL 60089
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.10 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.60300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,500.00
P & I AMT: 10,377.51
UPB AMT: 1,543,333.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 286
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031844988 MORTGAGORS: FRENES WILLIAM
FRENES MICKEY
REGION CODE ADDRESS : 1065 VIA VERA CRUZ
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 267,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,680.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031845043 MORTGAGORS: LEE JEFFREY
LEE LAURA
REGION CODE ADDRESS : 32675 FOXGLOVE WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
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 : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98130
----------------------------------------------------------------
0 0031845076 MORTGAGORS: SINGH PREETJIT
SINGH DUPINDERJIT
REGION CODE ADDRESS : 32732 SOUTH FOLKLORE LOOP
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 292,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,398.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.13 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.98873
----------------------------------------------------------------
0 0031845159 MORTGAGORS: SCHLESINGER JEFFREY
SCHLESINGER ELIZABETH
REGION CODE ADDRESS : 442 RIVER ROCK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,732.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.90697
----------------------------------------------------------------
0 0031845332 MORTGAGORS: SCHMIDT LARRY
REGION CODE ADDRESS : 7710 RAY NASH DRIVE NW
01 CITY : GIG HARBOR
STATE/ZIP : WA 98335
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,734.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,503.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.91000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,550.00
P & I AMT: 10,821.43
UPB AMT: 1,601,272.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 287
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031845522 MORTGAGORS: BERRY ALEXANDER
BERRY NANCY
REGION CODE ADDRESS : 557 21ST STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 582,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 581,922.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,874.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031846058 MORTGAGORS: CHOW DANNY
MARTIN MARILOU
REGION CODE ADDRESS : 19031 BRITTANY PLACE
01 CITY : ROWLAND HEIGHTS AREA
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 332,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,433.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,241.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0031846090 MORTGAGORS: MIYATA DAISHIRO
MIYATA ELIZABETH
REGION CODE ADDRESS : 726 KALANIPUU STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96825
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 61.33800
----------------------------------------------------------------
0 0031846173 MORTGAGORS: KUFNER RONALD
KUFNER M
REGION CODE ADDRESS : 4441 ETTENMOOR LANE S.W.
01 CITY : ROCHESTER
STATE/ZIP : MN 55902
MORTGAGE AMOUNT : 373,913.83 OPTION TO CONVERT :
UNPAID BALANCE : 373,558.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,653.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/26
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.71800
----------------------------------------------------------------
0 0031846207 MORTGAGORS: BEUSSE WALTER
BEUSSE MARIE
REGION CODE ADDRESS : 97 FOREST VIEW DRIVE
01 CITY : ELGIN
STATE/ZIP : IL 60120
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 : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,934,013.83
P & I AMT: 12,977.39
UPB AMT: 1,932,433.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031846223 MORTGAGORS: HOFFMAN JAMES
HOFFMAN ANN
REGION CODE ADDRESS : 325 INNES WAY
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52403
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,533.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 45.11600
----------------------------------------------------------------
0 0031847064 MORTGAGORS: GREGG STEVEN
NIETO ARISELDA
REGION CODE ADDRESS : 1327 WEST SCHOOL STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,542.50 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 89.90800
----------------------------------------------------------------
0 0031847403 MORTGAGORS: SARTORE RONALD
SARTORE LYNN
REGION CODE ADDRESS : 11511 EASTRIDGE PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,732.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.57244
----------------------------------------------------------------
0 0031847411 MORTGAGORS: HERSHEY STEVEN
MCGRATH KATHRYN
REGION CODE ADDRESS : 102 GREGORY DRIVE
01 CITY : FAIRFAX
STATE/ZIP : CA 94930
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,783.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.57600
----------------------------------------------------------------
0 0031847437 MORTGAGORS: JAKUBOVICH LESLIE
JAKUBOVICH EVA
REGION CODE ADDRESS : 3645 CALLE JAZMIN
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 327,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,700.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99756
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,622,950.00
P & I AMT: 10,914.69
UPB AMT: 1,621,749.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031847502 MORTGAGORS: ESENSTEN WILLIAM
ESENSTEN EILEEN
REGION CODE ADDRESS : 22989 BRENFORD STREET
01 CITY : WOODLAND HILLS (AREA)
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,741.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031847510 MORTGAGORS: SKROSS JOHN
REGION CODE ADDRESS : 4904 BARRON PARK DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,603.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031847528 MORTGAGORS: ROZENDAHL ERIC
SLATTERY MARC
REGION CODE ADDRESS : 3625-3627 LINCOLN WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
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 : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031847536 MORTGAGORS: STERN FRED
STERN SUSAN
REGION CODE ADDRESS : 11122 BLUE ALLIUM AVENUE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,002.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031847544 MORTGAGORS: YEE GRANT
YEE CHRISTY
REGION CODE ADDRESS : 25611 EASTWIND DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 346,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,665.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,308.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,150.00
P & I AMT: 10,575.43
UPB AMT: 1,547,765.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031847692 MORTGAGORS: NIGGL DENNIS
NIGGL BARBARA
REGION CODE ADDRESS : 20 HUNTER,
01 CITY : IRVINE,
STATE/ZIP : CA 92620
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031847700 MORTGAGORS: LAS COLA JAMES
LAS COLA AMY
REGION CODE ADDRESS : 27706 HOMESTEAD ROAD
01 CITY : LAGUNA NIGUEL,
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 247,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,596.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031847759 MORTGAGORS: MCNIFF JOSEPH
MCNIFF LISA
REGION CODE ADDRESS : 5286 JOMAR DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94521
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 : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.41176
----------------------------------------------------------------
0 0031847825 MORTGAGORS: DILLON KATHLEEN
REGION CODE ADDRESS : 1117 OAK STREET,
01 CITY : SANTA MONICA,
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,313.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.44601
----------------------------------------------------------------
0 0031847981 MORTGAGORS: GOODMAN RONALD
GOODMAN CYNTHIA
REGION CODE ADDRESS : 6791 STONEBRIDGE COURT
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48322
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,301.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.57100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,300.00
P & I AMT: 9,572.82
UPB AMT: 1,369,810.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031848013 MORTGAGORS: RAUDENBUSH STEPHEN
RAUDENBUSH STELLA
REGION CODE ADDRESS : 7 HARVARD PLACE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48104
MORTGAGE AMOUNT : 332,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,802.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,326.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031848047 MORTGAGORS: JUTTON ROBERT
JUTTON SUZANNE
REGION CODE ADDRESS : 4 TACONIC VIEW COURT
01 CITY : LAGRANGEVILLE
STATE/ZIP : NY 12540
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,440.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.43600
----------------------------------------------------------------
0 0031848062 MORTGAGORS: BRYCE NEAL
BRYCE DELORES
REGION CODE ADDRESS : 11 CROWN HILL ROAD
01 CITY : WAPPINGERS FALLS
STATE/ZIP : NY 12590
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,253.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031849771 MORTGAGORS: GRESS RONALD
GRESS BESSIE
REGION CODE ADDRESS : 4036 VIA SOLANO
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,689.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.18400
----------------------------------------------------------------
0 0031849789 MORTGAGORS: FRENCH BARBARA
REGION CODE ADDRESS : 213 CALIFORNIA AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,719.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,653,800.00
P & I AMT: 11,239.70
UPB AMT: 1,650,906.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031849797 MORTGAGORS: ARNOLD ROSS
ARNOLD AGI
REGION CODE ADDRESS : 1910 N VAN NESS AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,282.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.65013
----------------------------------------------------------------
0 0031849995 MORTGAGORS: KRONQUIST STACEY
REGION CODE ADDRESS : 628 26TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 306,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,204.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,064.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.10000
----------------------------------------------------------------
0 0031850118 MORTGAGORS: CAMBRA ROBERT
CAMBRA CHARLENE
REGION CODE ADDRESS : 1586 ALA NAPUNANI STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96818
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,628.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,801.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031850233 MORTGAGORS: KOSSAK DENNIS
REGION CODE ADDRESS : 211 PALM DRIVE
01 CITY : PIEDMONT
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 407,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,457.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,678.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98431
----------------------------------------------------------------
0 0031851066 MORTGAGORS: GARRON ARNOLD
REGION CODE ADDRESS : 9 MEADOW LANE
01 CITY : NEWTON
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,082.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.90 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,679,250.00
P & I AMT: 11,143.30
UPB AMT: 1,677,656.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031851074 MORTGAGORS: DEMAMBRO GEORGE
DEMAMBRO JANIS
REGION CODE ADDRESS : 63 PETER BULKELEY ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01742
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,215.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.16100
----------------------------------------------------------------
0 0031851090 MORTGAGORS: LEVINE DAVID
SCHAEFFER RENEE
REGION CODE ADDRESS : 21 LAKE GILEAD RD
01 CITY : CARMEL
STATE/ZIP : NY 10512
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,572.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.90900
----------------------------------------------------------------
0 0031851108 MORTGAGORS: CANDELA ANTHONY
CANDELA BERNADETTE
REGION CODE ADDRESS : 1013 BALFOUR
01 CITY : GROSSE PTE PARK
STATE/ZIP : MI 48230
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,608.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031851116 MORTGAGORS: WOLOSZYN ROBERT
WOLOSZYN KAREN
REGION CODE ADDRESS : 4049 OAK TREE CIRCLE
01 CITY : OAKLAND TOWNSHIP
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,478.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.88200
----------------------------------------------------------------
0 0031851132 MORTGAGORS: CHAMBERLAIN BRADLEY
REGION CODE ADDRESS : 2950 S M-52
01 CITY : OWOSSO
STATE/ZIP : MI 48867
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,096.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,000.00
P & I AMT: 10,820.62
UPB AMT: 1,544,972.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031851140 MORTGAGORS: WILSON ROBERT
WILSON ELIZABETH
REGION CODE ADDRESS : 3033 OVERRIDGE
01 CITY : ANN ARBOR
STATE/ZIP : MI 48104
MORTGAGE AMOUNT : 367,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,240.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,632.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031851199 MORTGAGORS: SOLTAU JAMES
SOLTAU CLAUDIA
REGION CODE ADDRESS : 6670 KENNESAW
01 CITY : CANTON
STATE/ZIP : MI 48188
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,122.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 07/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031851207 MORTGAGORS: SIGEL GEORGE
SIGEL JOANNA
REGION CODE ADDRESS : 76 BEECH STREET
01 CITY : NORWOOD,
STATE/ZIP : MA 02062
MORTGAGE AMOUNT : 441,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,610.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,087.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031851561 MORTGAGORS: IKONOMOU MICHAEL
IKONOMOU HELEN
REGION CODE ADDRESS : 28 CREST VIEW DRIVE
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,789.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,771.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.14600
----------------------------------------------------------------
0 0031852692 MORTGAGORS: BROZ KENNETH
BROZ PARTICIA
REGION CODE ADDRESS : 5290 MOSS LANE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 553,887.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,417.24 OUTSIDE CONV DATE :
LIFETIME RATE : 6.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.25000 PRODUCT CODE : 002
LTV : 73.50900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,899,100.00
P & I AMT: 12,742.17
UPB AMT: 1,895,650.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031852742 MORTGAGORS: PARKER BRIAN
PARKER KIM
REGION CODE ADDRESS : 31961 EAST NINE DRIVE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,772.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.31500
----------------------------------------------------------------
0 0031852783 MORTGAGORS: DOBOS DAVID
DOBOS MARGARET
REGION CODE ADDRESS : 18 PHEASANT LANE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
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 : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031853484 MORTGAGORS: CONFETTI KEVIN
CONFETTI SUSAN
REGION CODE ADDRESS : 5311 VISTA POINT COURT
01 CITY : CONCORD
STATE/ZIP : CA 94521
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,744.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031853633 MORTGAGORS: OHREN NORM
OHREN SHIRLEY
REGION CODE ADDRESS : 1457 LYNNMERE DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 451,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,003.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.07180
----------------------------------------------------------------
0 0031854540 MORTGAGORS: FADULE JOHN
FADULE ELIZABETH
REGION CODE ADDRESS : 21891 CONSTANCIA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 78.97400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,686,500.00
P & I AMT: 11,277.20
UPB AMT: 1,685,770.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031854631 MORTGAGORS: RASMUSSEN ROBERT
RASMUSSEN LORIE
REGION CODE ADDRESS : 725 MONTEREY AVENUE
01 CITY : CAPITOLA
STATE/ZIP : CA 95010
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.65 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031854847 MORTGAGORS: REBELLO EDWARD
REBELLA LISA
REGION CODE ADDRESS : 1401 BRIARBERRY LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 282,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,482.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99653
----------------------------------------------------------------
0 0031854888 MORTGAGORS: LY BOI
LY TRONG
REGION CODE ADDRESS : 32674 FOXGLOVE WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 311,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,181.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.06 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.99003
----------------------------------------------------------------
0 0031854904 MORTGAGORS: KOO VERA
HUANG SIMON
REGION CODE ADDRESS : 32666 FOXGLOVE WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 336,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,874.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.98334
----------------------------------------------------------------
0 0031854920 MORTGAGORS: MEYYAPPAN VINAITHEERTHAN
CHIDAMBARAM ALAMELU
REGION CODE ADDRESS : 32704 COLORBURST COURT
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 258,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,933.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.87 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,460,700.00
P & I AMT: 9,624.22
UPB AMT: 1,459,471.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031855042 MORTGAGORS: PEROTTI DAVID
PEROTTI KIMBERLY
REGION CODE ADDRESS : 355 WOODWARD AVENUE
01 CITY : PENNGROVE
STATE/ZIP : CA 94951
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031855547 MORTGAGORS: CLEMENTS WILLIAM
CLEMENTS LOIS
REGION CODE ADDRESS : 290 RIVERWOOD STREET
01 CITY : RICHLAND
STATE/ZIP : WA 99352
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,741.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 76.53000
----------------------------------------------------------------
0 0031855794 MORTGAGORS: MCCRACKEN GAIL
REGION CODE ADDRESS : 13375 HADDON DR
01 CITY : FENTON
STATE/ZIP : MI 48430
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,761.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.81600
----------------------------------------------------------------
0 0031855810 MORTGAGORS: MILLER CURT
MONDRO DEBORAH
REGION CODE ADDRESS : 307 WESTWOOD AVE.
01 CITY : ANN ARBOR
STATE/ZIP : MI 48103
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,633.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0031855919 MORTGAGORS: BENNETT M.
BENNETT JERRE
REGION CODE ADDRESS : 70 LAMBERT AVENUE
01 CITY : MERIDEN
STATE/ZIP : CT 06451
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,564.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 88.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,000.00
P & I AMT: 9,674.08
UPB AMT: 1,427,463.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031855935 MORTGAGORS: WOJNOWSKI THOMAS
HINES BRENDA
REGION CODE ADDRESS : 46815 STRATFORD COURT
01 CITY : NORTHVILLE
STATE/ZIP : MI 48167
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031855943 MORTGAGORS: POPPY JEFFREY
POPPY CHRISTINE
REGION CODE ADDRESS : 216 BLACK ROCK TURNPIKE
01 CITY : REDDING
STATE/ZIP : CT 06896
MORTGAGE AMOUNT : 250,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,014.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031855950 MORTGAGORS: WORONIEC STEVEN
WORONIEC CHERYL
REGION CODE ADDRESS : 7365 PARKWOOD DR
01 CITY : FENTON
STATE/ZIP : MI 48430
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,596.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031855976 MORTGAGORS: FEURIG THOMAS
FEURIG JANET
REGION CODE ADDRESS : 7943 SKEGEMOG POINT
01 CITY : WILLIAMSBURG
STATE/ZIP : MI 49690
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,478.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.42000
----------------------------------------------------------------
0 0031856420 MORTGAGORS: ULLRICH THOMAS
ULLRICH PATTI
REGION CODE ADDRESS : 20180 EAST MAPLEWOOD LANE
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 260,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,680.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.06000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,406,100.00
P & I AMT: 9,792.64
UPB AMT: 1,404,392.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031856495 MORTGAGORS: FALCONER DANA
FALCONER LAURA
REGION CODE ADDRESS : 995 HY VU DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 89.82456
----------------------------------------------------------------
0 0031856545 MORTGAGORS: PETERS JEFFREY
PETERS ELHAM
REGION CODE ADDRESS : 1390 PINECREST DRIVE
01 CITY : BOULDER CREEK
STATE/ZIP : CA 95006
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 68.83100
----------------------------------------------------------------
0 0031856669 MORTGAGORS: CARRUTH JOSEPH
CARRUTH NANCY
REGION CODE ADDRESS : 767 LINWOOD AVENUE
01 CITY : ST PAUL
STATE/ZIP : MN 55105
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,680.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 87.71900
----------------------------------------------------------------
0 0031856727 MORTGAGORS: ROBINSON JEFFREY
ROBINSON KAREN
REGION CODE ADDRESS : 365 RAMONA WAY
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,274.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.26190
----------------------------------------------------------------
0 0031856834 MORTGAGORS: BENSON PATRICK
BENSON RHONDA
REGION CODE ADDRESS : 9097 XENIA STREET
01 CITY : GREENFIELD
STATE/ZIP : MN 55357
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,692.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,578,500.00
P & I AMT: 10,515.00
UPB AMT: 1,577,646.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031856933 MORTGAGORS: SHANNON MICHAEL
SHANNON ANTOINETTE
REGION CODE ADDRESS : 2701 KING RICHARD CIRCLE
01 CITY : ST CHARLES
STATE/ZIP : IL 60174
MORTGAGE AMOUNT : 388,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,346.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,651.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.91100
----------------------------------------------------------------
0 0031858343 MORTGAGORS: HACKBARTH LOUIS
HACKBARTH RANDI
REGION CODE ADDRESS : 1511 HILLGRADE AVENUE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,188.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031858590 MORTGAGORS: RITCHIE LAUREN
REGION CODE ADDRESS : 7019 PACIFIC VIEW DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031859317 MORTGAGORS: DAFT WILLIAM
DAFT JAN
REGION CODE ADDRESS : 11457 VALLEY VIEW LANE
01 CITY : BURLINGTON
STATE/ZIP : IA 52601
MORTGAGE AMOUNT : 271,440.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,116.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070028022 MORTGAGORS: DANIELCZYK ROBERT
NAGELE CONNIE
REGION CODE ADDRESS : 19490 SANDCASTLE LN
01 CITY : HUNTINGTON
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,655.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 92.36364
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,090.00
P & I AMT: 10,909.38
UPB AMT: 1,585,306.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070049176 MORTGAGORS: CHERIN RICHARD
CHERIN GAIL
REGION CODE ADDRESS : 233 NAVAJO COURT
01 CITY : MORGANVILLE
STATE/ZIP : NJ 07751
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,682.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070209952 MORTGAGORS: COX KERRY
COX KATHY
REGION CODE ADDRESS : 6534 SHENANDOAH AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 372,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,538.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.42000
----------------------------------------------------------------
0 0070256169 MORTGAGORS: LONG MARK
LONG POLLY
REGION CODE ADDRESS : 1602 SCENIC SHORE
01 CITY : KINGWOOD
STATE/ZIP : TX 77345
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,344.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070280177 MORTGAGORS: MCKILLOP J
MCKILLOP JULIE
REGION CODE ADDRESS : 2633 WARWICK PLACE
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 243,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.21875
----------------------------------------------------------------
0 0070287529 MORTGAGORS: HEINZELMAN BERT
HEINZELMANN HELENA
REGION CODE ADDRESS : 17 SHERWOOD ROAD
01 CITY : TENAFLY
STATE/ZIP : NJ 07670
MORTGAGE AMOUNT : 308,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,965.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 82.62735
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,200.00
P & I AMT: 11,001.26
UPB AMT: 1,631,647.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070289723 MORTGAGORS: HYLTON ROBERTO
HYLTON MARISA
REGION CODE ADDRESS : 3206 ALYSHEBA COURT
01 CITY : MITCHELLVIL
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,148.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.64368
----------------------------------------------------------------
0 0070303029 MORTGAGORS: MARTIN RICHARD
MARTIN CHRISTIE
REGION CODE ADDRESS : 3141 HOLLYBURNE COURT
01 CITY : GLENDALE
STATE/ZIP : CA 91206
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,626.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.00000
----------------------------------------------------------------
0 0070303979 MORTGAGORS: ALUL MAHA
REGION CODE ADDRESS : 156 SOUTH MASON ROAD
01 CITY : Creve Coeur
STATE/ZIP : MO 63141
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,622.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.53000
----------------------------------------------------------------
0 0070313259 MORTGAGORS: LUCIANO JAMES
LUCIANO CARRIE
REGION CODE ADDRESS : 49 BRINCKERHOFF
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,715.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.13439
----------------------------------------------------------------
0 0070318621 MORTGAGORS: GLENN JOHN
LANDER ELLEN
REGION CODE ADDRESS : 8 STONE HILL DRIVE NORTH
01 CITY : NORTH HILLS
STATE/ZIP : NY 11030
MORTGAGE AMOUNT : 616,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 616,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,254.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.68000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,046,000.00
P & I AMT: 14,073.57
UPB AMT: 2,044,863.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070319777 MORTGAGORS: STEINBERG MICHAEL
STEINBERG MIRIAM
REGION CODE ADDRESS : 2649 EAST 65TH STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11234
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,799.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070324223 MORTGAGORS: BULLOCK WILLIAM
BULLOCK ALICE
REGION CODE ADDRESS : 102 SUN DANCER COURT
01 CITY : NAGS HEAD
STATE/ZIP : NC 27959
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,675.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.20417
----------------------------------------------------------------
0 0070327440 MORTGAGORS: PESSIN STEVE
PESSIN MARILYN
REGION CODE ADDRESS : 9854 BOTHWELL ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 91324
MORTGAGE AMOUNT : 267,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,257.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.99010
----------------------------------------------------------------
0 0070333505 MORTGAGORS: MORRIS STEPHEN
MORRIS SUSAN
REGION CODE ADDRESS : 10917 SAVONA ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0070344692 MORTGAGORS: NILSSON MICHELLE
REGION CODE ADDRESS : 2060 HILLDALE DRIVE
01 CITY : LA CANADA F
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 396,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,669.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 61.92188
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,823,500.00
P & I AMT: 12,451.15
UPB AMT: 1,822,956.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070354600 MORTGAGORS: JOSE PEDRO
JOSE NORA
REGION CODE ADDRESS : 3532 RESERVOIR ROAD
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,613.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,816.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.69565
----------------------------------------------------------------
0 0070360607 MORTGAGORS: SAUNDERS EDWARD
ASFOUR VALERIE
REGION CODE ADDRESS : 14946 KELLEY FARM DRIVE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 286,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,376.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.30435
----------------------------------------------------------------
0 0070361779 MORTGAGORS: GILBERG ARNOLD
LENZ SCOTT
REGION CODE ADDRESS : 6557 COLGATE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
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 : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070367008 MORTGAGORS: ANDERSON DONALD
ANDERSON REBECCA
REGION CODE ADDRESS : 11804 NORTH SUNDOWN DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.60870
----------------------------------------------------------------
0 0070367768 MORTGAGORS: PILNEY MICHAEL
PILNEY KORI
REGION CODE ADDRESS : 3146 HOMER STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,273.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.47396
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,706,100.00
P & I AMT: 11,601.09
UPB AMT: 1,702,263.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070370721 MORTGAGORS: HAUSER BRIAN
HAUSER LISA
REGION CODE ADDRESS : 6209 EAST NISBET ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 259,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,016.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 10/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.08197
----------------------------------------------------------------
0 0070370846 MORTGAGORS: DONNER STEVEN
DONNER RENEE
REGION CODE ADDRESS : 1723 FAIRMONT DRIVE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
MORTGAGE AMOUNT : 303,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.45 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0070371257 MORTGAGORS: GARBOW MITCHELL
GARBOW BETH
REGION CODE ADDRESS : 271 CLINTON STREET
01 CITY : Brooklyn
STATE/ZIP : NY 11201
MORTGAGE AMOUNT : 493,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,634.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,447.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.62000
----------------------------------------------------------------
0 0070374202 MORTGAGORS: MOWRY STEPHEN
MOWRY MARILYN
REGION CODE ADDRESS : 19051 WEST PINNACLE CIRCLE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 266,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.62037
----------------------------------------------------------------
0 0070376439 MORTGAGORS: MYLANDER THOMAS
MYLANDER PHILIPPA
REGION CODE ADDRESS : 11619 SETTLERS CIRCLE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/23
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,400.00
P & I AMT: 11,039.10
UPB AMT: 1,563,550.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070378542 MORTGAGORS: JACOBSON RANDOLPH
JACOBSON EDNA
REGION CODE ADDRESS : 12365 HEATHER LANE
01 CITY : HUGO
STATE/ZIP : MN 55038
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 91.77632
----------------------------------------------------------------
0 0070379292 MORTGAGORS: FIORENTINO JOSEPH
FIORENTINO CHERYL
REGION CODE ADDRESS : 855 HAMPSWOOD WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.20000
----------------------------------------------------------------
0 0070379938 MORTGAGORS: MURRAY THOMAS
MURRAY ANN
REGION CODE ADDRESS : 80 RIDGE ROAD
01 CITY : New Rochelle
STATE/ZIP : NY 10804
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0070384771 MORTGAGORS: WACHS MARVIN
WACHS REYNA
REGION CODE ADDRESS : 22555 PAUL REVERE DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 411,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,842.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.90291
----------------------------------------------------------------
0 0070385125 MORTGAGORS: LINDSEY DERRICK
LINDSEY VIVIAN
REGION CODE ADDRESS : 17371 RAYMER STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 323,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,231.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,643,500.00
P & I AMT: 11,150.08
UPB AMT: 1,643,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 307
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070385844 MORTGAGORS: FISHER HOWARD
FISHER WILDA
REGION CODE ADDRESS : 104 CEDAR CLIFF COURT
01 CITY : CARY
STATE/ZIP : NC 27511
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0070389804 MORTGAGORS: ENG LESLIE
ENG ELLEN
REGION CODE ADDRESS : 541 MYRTLE COURT
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.98851
----------------------------------------------------------------
0 0070390190 MORTGAGORS: LOVITSCH ALAN
LOVITSCH FAYE
REGION CODE ADDRESS : 27W161 MACK ROAD
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 582,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 582,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,023.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.66234
----------------------------------------------------------------
0 0070395710 MORTGAGORS: QASIM SYED
QASIM YASMIN
REGION CODE ADDRESS : 11012 BIELLA WAY
01 CITY : Whittier
STATE/ZIP : CA 90604
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 : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070396619 MORTGAGORS: SPLAIN JAMES
SPLAIN DIANE
REGION CODE ADDRESS : 1714 CLOCK TOWER DRIVE
01 CITY : WEST CHESTE
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 280,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.03 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.78378
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,673,500.00
P & I AMT: 11,723.61
UPB AMT: 1,673,276.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 308
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070396924 MORTGAGORS: GOBBI RICHARD
GOBBI LOIS
REGION CODE ADDRESS : 7945 SHADY CREEK ROAD
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.83333
----------------------------------------------------------------
0 0070397807 MORTGAGORS: WHITNER MICHAEL
GILBERT WHIT RUTH
REGION CODE ADDRESS : 82 LEAVITT STREET
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.46939
----------------------------------------------------------------
0 0070398300 MORTGAGORS: MICHAEL PREW RENEE
PREWITT MILFORD
REGION CODE ADDRESS : 51 MIDWOOD STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11201
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.04 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.93528
----------------------------------------------------------------
0 0070398664 MORTGAGORS: KEKONA RAYMOND
KEKONA NORMA
REGION CODE ADDRESS : 94 1053 LUMIALANI STREET
01 CITY : WAIPAHU
STATE/ZIP : HI 96797
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070398672 MORTGAGORS: NELSON RONNIE
NELSON SUSAN
REGION CODE ADDRESS : 240 AUGUSTINE DRIVE
01 CITY : MARTINEZ
STATE/ZIP : CA 94553
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.84058
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,000.00
P & I AMT: 9,390.46
UPB AMT: 1,378,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 309
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070399217 MORTGAGORS: SPENCER BRUCE
SPENCER LISA
REGION CODE ADDRESS : 1644 MEADOWGLEN CT
01 CITY : Thousand Oaks
STATE/ZIP : CA 91320
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 : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.65000
----------------------------------------------------------------
0 0070399845 MORTGAGORS: NGUYEN CHAU
DO CAM THUY
REGION CODE ADDRESS : 568 WEST REMINGTON DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 421,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,907.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.35593
----------------------------------------------------------------
0 0070401542 MORTGAGORS: HARMS MICHAEL
HARMS EVELYN
REGION CODE ADDRESS : 10282 MEREDITH DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.41000
----------------------------------------------------------------
0 0070403001 MORTGAGORS: STEPHENSON LATA
REGION CODE ADDRESS : 8284 ARMETALE LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.04878
----------------------------------------------------------------
0 0070405204 MORTGAGORS: CARTER JOY
REGION CODE ADDRESS : 3930 ADMIRABLE DR.
01 CITY : Rancho Palos Verdes
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 417,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,880.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.82000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,638,000.00
P & I AMT: 11,399.24
UPB AMT: 1,638,000.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 310
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070405600 MORTGAGORS: SANCHEZ CONSTANTE
SANCHEZ MARGIEROSE
REGION CODE ADDRESS : 3219 HERITAGE POINT COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.47059
----------------------------------------------------------------
0 0070406145 MORTGAGORS: BATEY BRYAN
BATEY KAREN
REGION CODE ADDRESS : 473 SUISSE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 304,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.28029
----------------------------------------------------------------
0 0070408265 MORTGAGORS: ALLERTON MICHAEL
WATSON RANDALL
REGION CODE ADDRESS : 7 HERITAGE COURT
01 CITY : WALNUT CREE
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.83099
----------------------------------------------------------------
0 0070408307 MORTGAGORS: HALESWORTH CHARLES
BROOKS HALES MARION
REGION CODE ADDRESS : 75 LAWRENCE ROAD
01 CITY : RANDOLPH
STATE/ZIP : NJ 07869
MORTGAGE AMOUNT : 262,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,250.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.34328
----------------------------------------------------------------
0 0070409263 MORTGAGORS: CHENG SENG
CHENG SHIRLEY
REGION CODE ADDRESS : 50 WALL STREET
01 CITY : WELLESLEY
STATE/ZIP : MA 02481
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.63977
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,750.00
P & I AMT: 9,212.27
UPB AMT: 1,340,550.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 311
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070409743 MORTGAGORS: BRODY MARC
REGION CODE ADDRESS : 140 RIVERSIDE #9F
01 CITY : New York
STATE/ZIP : NY 10024
MORTGAGE AMOUNT : 410,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,837.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0070411004 MORTGAGORS: SPARNO JOHN
SPARNO ROSEMARY
REGION CODE ADDRESS : 3205 BRAEMAR DR
01 CITY : SANTA BARBA
STATE/ZIP : CA 93109
MORTGAGE AMOUNT : 372,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.73 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 41.83146
----------------------------------------------------------------
0 0070412820 MORTGAGORS: DOHERTY JOSEPH
DOHERTY PATRICIA
REGION CODE ADDRESS : 1500 PARKSIDE CIRCLE S
01 CITY : Boca Raton
STATE/ZIP : FL 33433
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,286.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.30000
----------------------------------------------------------------
0 0070413505 MORTGAGORS: LIESE WILLIAM
MOBLEY MARK
REGION CODE ADDRESS : 315 WEST 99TH ST
01 CITY : New York
STATE/ZIP : NY 10025
MORTGAGE AMOUNT : 386,272.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,272.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,667.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.64000
----------------------------------------------------------------
0 0070415591 MORTGAGORS: MOORE HAYDEN
MOORE FELICIA
REGION CODE ADDRESS : 3749 ROSECROFT LANE
01 CITY : San Diego
STATE/ZIP : CA 92106
MORTGAGE AMOUNT : 276,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 46.79000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,713,022.00
P & I AMT: 11,652.97
UPB AMT: 1,712,808.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 312
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070416052 MORTGAGORS: MURPHY WILLIAM
BIRKHOFF SURAYA
REGION CODE ADDRESS : 940 MICHELTORENA STREET
01 CITY : Los Angeles
STATE/ZIP : CA 90026
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,794.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070419767 MORTGAGORS: KESLING PETER
KESLING PATRICIA
REGION CODE ADDRESS : 3720 HORSEHEAD BAY DR. NW
01 CITY : Gig Harbor
STATE/ZIP : WA 98335
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,099.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 65.54000
----------------------------------------------------------------
0 0070421052 MORTGAGORS: MARGOLIS ROBERT
REGION CODE ADDRESS : 243 NORTH LAYTON DRIVE
01 CITY : Los Angeles
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,215.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
0 0070425590 MORTGAGORS: KING ROGER
KING SHIRLEY
REGION CODE ADDRESS : 5 MORRIS STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.38462
----------------------------------------------------------------
0 0070425715 MORTGAGORS: BOROCHIN EUGENE
BOROCHIN NATALIA
REGION CODE ADDRESS : 30 SYCAMORE ROAD
01 CITY : newton
STATE/ZIP : MA 02459
MORTGAGE AMOUNT : 562,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,029.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.44000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,197,500.00
P & I AMT: 14,906.16
UPB AMT: 2,197,294.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 313
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070427513 MORTGAGORS: BAHNIUK E
BAHNIUK PATRICIA
REGION CODE ADDRESS : 16209 DEER LAKE ROAD
01 CITY : DERWOOD
STATE/ZIP : MD 20855
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,016.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.78947
----------------------------------------------------------------
0 0070433743 MORTGAGORS: STEELE ROBERT
HAYDT NANCY
REGION CODE ADDRESS : 2716 WILLIAMS WAY
01 CITY : Santa Barbara
STATE/ZIP : CA 93105
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,368.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.95000
----------------------------------------------------------------
0 0070435763 MORTGAGORS: LINDER MARK
DEAN MARY
REGION CODE ADDRESS : 2 WESTWOOD RD
01 CITY : Santa Cruz
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 494,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,633.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,454.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.41000
----------------------------------------------------------------
0 0070437439 MORTGAGORS: BILAS DAVID
BILAS PAULA
REGION CODE ADDRESS : 14918 FOREST OAKS DR
01 CITY : Louisville
STATE/ZIP : KY 40245
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.12000
----------------------------------------------------------------
0 0070446638 MORTGAGORS: BARCLAY THOMAS
BARCLAY BARBARA
REGION CODE ADDRESS : 300 SUNSET DR.
01 CITY : Danville
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 409,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,793.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,817,100.00
P & I AMT: 12,653.81
UPB AMT: 1,816,733.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 314
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070446653 MORTGAGORS: JEFFRIES MARK
YEATON-JEFFRIES GLEEANNE
REGION CODE ADDRESS : 15392 ALSACE CIRCLE
01 CITY : Irvine
STATE/ZIP : CA 92604
MORTGAGE AMOUNT : 245,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 83.36000
----------------------------------------------------------------
0 0070448683 MORTGAGORS: DIXON DALE
DIXON SUSAN
REGION CODE ADDRESS : 31042 VIA LIMON
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 401,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,773.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070451174 MORTGAGORS: DORNFELD DAVID
DORNFELD BARBARA
REGION CODE ADDRESS : 1965 SAN ANTONIO AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 353,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,380.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.96040
----------------------------------------------------------------
0 0070455233 MORTGAGORS: STONE BYRON
STONE GLADYS
REGION CODE ADDRESS : 3342 KENSINGTON DRIVE
01 CITY : El Dorado Hills
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.68000
----------------------------------------------------------------
0 0070456975 MORTGAGORS: FLEMING DANIEL
FLEMING ELAINE
REGION CODE ADDRESS : 2167 FRANCESCO CIRCLE
01 CITY : Capitola
STATE/ZIP : CA 95010
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,800.00
P & I AMT: 10,774.84
UPB AMT: 1,567,562.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 315
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070458070 MORTGAGORS: BELL MICHAEL
BELL TANYA
REGION CODE ADDRESS : 3042 27TH AVENUE W
01 CITY : Seattle
STATE/ZIP : WA 98199
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,039.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.52000
----------------------------------------------------------------
0 0070459458 MORTGAGORS: WARCZINSKY RONALD
WARCZINSKY BARBARA
REGION CODE ADDRESS : 5810 WOODVIEW PASS
01 CITY : Midland
STATE/ZIP : MI 48642
MORTGAGE AMOUNT : 365,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.00000
----------------------------------------------------------------
0 0070466602 MORTGAGORS: SOPCAK JOHN
REGION CODE ADDRESS : 36523 SOUTHEAST FALL CITY RD
01 CITY : Fall City
STATE/ZIP : WA 98024
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070467543 MORTGAGORS: SKEELS JERRY
MC LAUGHLIN RANDY
REGION CODE ADDRESS : 3959 ALTA MESA DRIVE
01 CITY : Studio City
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 497,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 497,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,306.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0070473509 MORTGAGORS: SHEFFER LEE
SHEFFER SUE
REGION CODE ADDRESS : 6153 CASTLE DRIVE
01 CITY : Oakland
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 481,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,240.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 87.45000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,902,200.00
P & I AMT: 12,958.34
UPB AMT: 1,902,200.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 11/01/98
P.O. BOX 5260 TMS AG0004982130 01 02
PAGE: 316
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070473822 MORTGAGORS: MALLORY SEAN
MALLORY CINDI
REGION CODE ADDRESS : 11201 CONSTELLATION DRIVE
01 CITY : El Cajon
STATE/ZIP : CA 92020
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,614.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070476478 MORTGAGORS: CLAYTON-FERNANDES ALVIN
CLAYTON-FERNANDES GWEN
REGION CODE ADDRESS : 1101 SOUTH BURNSIDE AVENUE
01 CITY : Los Angeles
STATE/ZIP : CA 90019
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,101.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070479712 MORTGAGORS: LARSON DALE
LARSON MARIA
REGION CODE ADDRESS : 2620 58TH STREET SW
01 CITY : Everett
STATE/ZIP : WA 98203
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 75.28000
----------------------------------------------------------------
0 0070485958 MORTGAGORS: KLEIN REINHOLD
KLEIN CHERYL
REGION CODE ADDRESS : 8431 SEAPORT DR
01 CITY : Huntington Beach
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 4
LOAN AMT: 1,269,000.00
P & I AMT: 8,483.04
UPB AMT: 1,269,000.00
0 TOTAL NUM OF LOANS: 1579
LOAN AMT: 522,887,577.98
P & I AMT: 3,580,848.48
UPB AMT: 522,102,682.31
<PAGE>
EXHIBIT C - SUPPLEMENT
SCHEDULE OF COOPERATIVE LOANS
SERIES 1998-21
LOAN NO. CUT-OFF DATE BORROWER
PRINCIPAL BALANCE NAME
31572654 $410,000.00 Kass
31708373 $242,510.67 Russell
70409743 $410,900.00 Brody
70413505 $386,272.00 Liese
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
----------------, ------
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-21
Pursuant to the Pooling and Servicing Agreement dated as of
November 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination
Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly Payments:
(a) Principal $________
(b) Interest $________
(c) Total $________
(2) Aggregate Monthly Payments received and Monthly
Advances made this Month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(3) Aggregate Principal Prepayments in part received and
applied in the applicable Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
(4) Aggregate Principal Prepayments in full received in the
applicable Prepayment Period:
(a) Principal $________
(b) Interest $________
(c) Total $________
<PAGE>
(5) Aggregate Insurance Proceeds (including purchases of
Mortgage Loans by primary mortgage insurers) for prior
month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(6) Aggregate Liquidation Proceeds for prior month:
(a) Principal $________
(b) Interest $________
(c) Total $________
(7) Aggregate Purchase Prices for Defaulted and Modified
Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(8) Aggregate Purchase Prices (and substitution
adjustments) for Defective Mortgage Loans:
(a) Principal $________
(b) Interest $________
(c) Total $________
(9) Pool Scheduled Principal Balance: $________
(10) Available Funds: $________
(11) Realized Losses for prior month: $________
(12) Aggregate Realized Losses and Debt Service Reductions:
(a) Deficient Valuations $________
(b) Special Hazard Losses $________
(c) Fraud Losses $________
(d) Excess Bankruptcy Losses $________
(e) Excess Special Hazard Losses $________
(f) Excess Fraud Losses $________
(g) Debt Service Reductions $________
(13) Compensating Interest Payment: $________
D-2
<PAGE>
(14) Accrued Certificate Interest, Unpaid Class Interest
Shortfalls and Pay-out Rate:
Class A1 $__________ $__________ ____%
Class A2 $__________ $__________ ____%
Class A3 $__________ $__________ ____%
Class A4 $__________ $__________ ____%
Class A5 $__________ $__________ ____%
Class A6 $__________ $__________ ____%
Class A7 $__________ $__________ ____%
Class A8 $__________ $__________ ____%
Class A10 $__________ $__________ ____%
Class A12 $__________ $__________ ____%
Class A13 $__________ $__________ ____%
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 A9 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
D-3
<PAGE>
Class R $__________
(16) Additional distributions to the Class R Certificate
pursuant to Section 4.01(b):
Class R $__________
(17) Distributions Allocable to Unanticipated Recoveries:
Class A1 $_________
Class A2 $_________
Class A3 $_________
Class A4 $_________
Class A5 $_________
Class A6 $_________
Class A7 $_________
Class A8 $_________
Class A9 $_________
Class A10 $_________
Class A11 $_________
Class A12 $_________
Class A13 $_________
Class PO $_________
Class M $_________
Class B1 $_________
Class B2 $_________
Class B3 $_________
Class B4 $_________
Class B5 $_________
Class R $_________
B. Other Amounts:
1. Senior Percentage for such Distribution
Date: _____________%
2. Senior Prepayment Percentage for such Distribution
Date: _____________%
3. Junior Percentage for such Distribution
Date: _____________%
D-4
<PAGE>
4. Junior Prepayment Percentage for such Distribution
Date: _____________%
5. Group II Senior Percentage for such Distribution Date:
_____________%
6. Group II Senior Prepayment Distribution Percentage for
such Distribution Date: _____________%
7. Subordinate Certificate Writedown Amount for such
Distribution Date: $_____________
8. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class B1 _____ _____
Class B2 _____ _____
Class B3 _____ _____
Class B4 _____ _____
Class B5 _____ _____
9. Base Servicing Fee: $___________
10. Supplemental Servicing Fee: $___________
Capitalized terms used in this Certificate shall have the
same meanings as in the Agreement.
D-5
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[NAME OF OFFICER] ______________________ hereby certifies that:
1. That he [she] is [title of officer]
___________________________________ of [name of Investor]
_______________________________________ (the "Investor"), a
__________ ______________________ [description of type of entity]
duly organized and existing under the laws of the [State of
____________] [United States], on behalf of which he [she] makes
this affidavit.
2. The Investor (i) is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between
State Street Bank and Trust Company, as Trustee and GE Capital
Mortgage Services, Inc., dated as of November 1, 1998, no
transfer of any ERISA-Restricted Certificate shall be permitted
to be made to any person unless the Trustee has received (i) a
certificate from such transferee to the effect that (x) such
transferee is not an employee benefit plan subject to ERISA or a
plan subject to Section 4975 of the Code (a "Plan") and is not
using the assets of any such employee benefit or other plan to
acquire any such Certificate or (y) such transferee is an
insurance company investing assets of its general account and the
Exemptions apply to such transferee's acquisition and holding of
any such Certificate or (ii) an opinion of counsel satisfactory
to the Trustee to the effect that the purchase and holding of any
such Certificate will not constitute or result in the assets of
the Trust Fund created by the Agreement being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 of the Code and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
<PAGE>
will not require such certificate or opinion in the event that,
as a result of change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of any such Certificate by a Plan or a
Person that is purchasing or holding any such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered in
the name of ______________________________________________ as
nominee for the Investor.] IN WITNESS WHEREOF, the Investor has
caused this instrument to be executed on its behalf, pursuant to
authority of its Board of Directors, by its [title of officer]
__________________ and its corporate seal to be hereunder
attached, attested by its [Assistant] Secretary, this ____ day of
_________, 199_.
---------------------------------------
[name of Investor]
By:____________________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the ERISA-Restricted Certificates at the exclusive
direction of and as nominee of the Investor named above.
- -------------------------------
[name of nominee]
By:____________________________
Name:
Title:
E-2
<PAGE>
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly sworn,
deposes and says:
1. That he [she] is [title of officer]
________________________ of [name of Purchaser]
_________________________________________ (the "Purchaser"), a
_________________ ____________________ [description of type of
entity] duly organized and existing under the laws of the [State
of __________] [United States], on behalf of which he [she] makes
this affidavit.
2. That the Purchaser's Taxpayer Identification Number
is [ ].
3. That the Purchaser is not a "disqualified organization"
within the meaning of Section 860E(e)(5) of the Internal Revenue
Code of 1986, as amended (the "Code") and will not be a
"disqualified organization" as of [date of transfer], and that
the Purchaser is not acquiring a Residual Certificate (as defined
below) for the account of, or as agent (including a broker,
nominee, or other middleman) for, any person or entity from which
it has not received an affidavit substantially in the form of
this affidavit. For these purposes, a "disqualified organization"
means the United States, any state or political subdivision
thereof, any foreign government, any international organization,
any agency or instrumentality of any of the foregoing (other than
an instrumentality if all of its activities are subject to tax
and a majority of its board of directors is not selected by such
governmental entity), any cooperative organization furnishing
electric energy or providing telephone service to persons in
rural areas as described in Code Section 1381(a)(2)(C), or any
organization (other than a farmers' cooperative described in Code
Section 521) that is exempt from federal income tax unless such
organization is subject to the tax on unrelated business income
imposed by Code Section 511. As used herein, "Residual
Certificate" means any Certificate designated as a "Class R
Certificate" of GE Capital Mortgage Services, Inc.'s REMIC
Multi-Class Pass-Through Certificates, Series 1998-21.
4. That the Purchaser is not, and on __________ [insert date
of transfer of Residual Certificate to Purchaser] will not be,
and is not and on such date will not be investing the assets of,
an employee benefit plan subject to the Employee Retirement
Income Security Act of 1974, as amended ("ERISA"), or a plan
subject to Code Section 4975 or a person or entity that is using
the assets of any employee benefit plan or other plan to acquire
a Residual Certificate.
5. That the Purchaser hereby acknowledges that under the
terms of the Pooling and Servicing Agreement (the "Agreement")
between State Street Bank and Trust Company, as
<PAGE>
Trustee, and GE Capital Mortgage Services, Inc., dated as of
November 1, 1998, no transfer of the Residual Certificates shall
be permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to impede
the assessment or collection of any federal, state or local taxes
legally required to be paid with respect to such Residual
Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder of a
Residual Certificate, the Purchaser may incur tax liabilities in
excess of any cash flows generated by the interest and that it
intends to pay taxes associated with holding such Residual
Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or (ii)
is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of the
Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
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.
F-2
<PAGE>
12. That the Purchaser consents to the designation of the
Company as its agent to act as "tax matters person" of the Trust
Fund pursuant to the Pooling and Servicing Agreement.
F-3
<PAGE>
IN WITNESS WHEREOF, the Purchaser has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] this _____ day
of __________, 19__.
---------------------------------
[name of Purchaser]
By:______________________________
Name:
Title:
Personally appeared before me the above-named [name of officer]
________________, known or proved to me to be the same person who
executed the foregoing instrument and to be the [title of
officer] _________________ of the Purchaser, and acknowledged to
me that he [she] executed the same as his [her] free act and deed
and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of __________,
19__.
NOTARY PUBLIC
- ------------------------------
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
F-4
<PAGE>
EXHIBIT G
[LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE]
-------------------
Date
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
8th Floor
Boston, Massachusetts 02110
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass-Through
Certificates, Series 1998-21
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 1998-21
Ladies and Gentlemen:
1. The undersigned, a [title of officer] _______________ of
[name of Investor] _________________________________________ (the
"Investor"), a ______________ ___________________ [description of
type of entity] duly organized and existing under the laws of the
[State of __________________] [United States], hereby certifies
as follows:
2. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement between State Street Bank and
Trust Company, as Trustee, and GE Capital Mortgage Services, Inc.
(the "Company"), dated as of November 1, 1998 (the "Agreement"),
no transfer of a Restricted Certificate may be made unless such
transfer is exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"), and
any applicable state securities laws, or is made in accordance
with the Securities Act and such laws.
3. The Investor understands that (a) the Restricted
Certificates have not been and will not be registered or
qualified under the Securities Act, or the securities laws of any
state, (b) neither the Company nor the Trustee is required, and
neither intends, to so register or qualify the Restricted
Certificates, (c) the Restricted Certificates cannot be resold
unless (i) they are registered and qualified under the Securities
Act and the applicable state securities laws or (ii) such sale is
exempt from the requirements of the Securities Act, (d) the
Agreement contains restrictions regarding the transfer of the
Restricted Certificates and (e) the Restricted Certificates will
bear a legend to the foregoing effect.
<PAGE>
4. The Investor is acquiring the Restricted Certificates for
its own account for investment only and not with a view to or for
sale or other transfer in connection with any distribution of the
Restricted Certificates in any manner that would violate the
Securities Act or any applicable state securities laws.
5. The Investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized any
person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of _____________________________ as nominee for the
Investor.]
I-2
<PAGE>
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] _____________ this _____
day of __________, 19__.
---------------------------------
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the Restricted Certificates at the exclusive direction
of and as nominee of the Investor named above.
- ------------------------------
[name of nominee]
By:__________________________
Name:
Title:
I-3
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
-----------------, ------
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-21
Pursuant to the Pooling and Servicing Agreement dated as of
November 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination
Date for this month:
The amounts below are for a Single Certificate of $1,000:
(1) Amount of distribution allocable to principal:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
Class PO $__________
Class M $__________
Class B1 $__________
Class B2 $__________
Class B3 $__________
Class B4 $__________
Class B5 $__________
Class R $__________
<PAGE>
(2) Aggregate principal prepayments included in
distribution:
Class A1 $__________
Class A2 $__________
Class A3 $__________
Class A4 $__________
Class A5 $__________
Class A6 $__________
Class A7 $__________
Class A8 $__________
Class A9 $__________
Class A10 $__________
Class A11 $__________
Class A12 $__________
Class A13 $__________
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 A10 $__________ ____%
Class A12 $__________ ____%
Class A13 $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
J-2
<PAGE>
(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 A9 $__________ ____%
Class A10 $__________ ____%
Class A11 $__________ ____%
Class A12 $__________ ____%
Class A13 $__________ ____%
Class PO $__________ ____%
Class M $__________ ____%
Class B1 $__________ ____%
Class B2 $__________ ____%
Class B3 $__________ ____%
Class B4 $__________ ____%
Class B5 $__________ ____%
Class R $__________ ____%
(5) Servicing Compensation: $__________
The amounts below are for the aggregate of all Certificates:
(6) Pool Scheduled Principal Balance;
number of Mortgage Loans: $__________ __________
(7) Class Certificate Principal Balance
(or Notional Principal Balance) of
each Class; Certificate Principal
Balance (or Notional Principal
Balance) of Single Certificate of
each Class:
J-3
<PAGE>
Single
Certificate
Class Balance Balance
----- ------- -------
Class A1 $__________ $__________
Class A2 $__________ $__________
Class A3 $__________ $__________
Class A4 $__________ $__________
Class A5 $__________ $__________
Class A6 $__________ $__________
Class A7 $__________ $__________
Class A8 $__________ $__________
Class A9 $__________ $__________
Class A10 $__________ $__________
Class A11 $__________ $__________
Class A12 $__________ $__________
Class A13 $__________ $__________
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: $__________ __________
(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: $__________ __________
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(11) Aggregate Scheduled Principal
Balance and number of
modified Mortgage Loans: $__________ __________
(12) Senior Percentage for such
Distribution Date: __________%
(13) Senior Prepayment Percentage for
such Distribution Date: __________%
(14) Group II Senior Percentage for
such Distribution Date: __________%
(15) Group II Senior Prepayment
Distribution Percentage for
such Distribution Date: __________%
(16) Junior Percentage for such
Distribution Date: __________%
(17) Junior Prepayment Percentage for
such Distribution Date: __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
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<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class B_ (the "Class B_
Certificates"). The Class B_ Certificates were issued pursuant to
a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof intends
to resell all of the Class B_ Certificates directly to the
Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have agreed
that the Company, as Servicer, will engage in certain special
servicing procedures relating to foreclosures for the benefit of
the Purchaser, and that the Purchaser will deposit funds in a
collateral fund to cover any losses attributable to such
procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class B5 (the "Class B5 Certificates") has been
reduced to zero, and any Special Servicing and Collateral Fund
Agreement in respect of such Class between the Company and the
Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class B_ Certificates.
<PAGE>
ARTICLE I
DEFINITIONS
Section 1.01. Defined Terms. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Business Day: Any day other than (i) a Saturday or a Sunday
of (ii) a day on which banking institutions in New York City or
Boston, Massachusetts are required or authorized by law or
executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
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
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obtained by the Purchaser as nearly contemporaneously as
practicable to the time of the Purchaser's election, prepared
based on the Company's customary requirements for such
appraisals.
Election to Delay Foreclosure: Any election by the Purchaser
to delay the Commencement of Foreclosure, made in accordance with
Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section
2.03(d).
Section 1.02. Definitions Incorporated by Reference. All
capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing
Agreement.
ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each Distribution
Date (or included in or with the monthly statements to
Certificateholders pursuant to the Pooling and Servicing
Agreement), the Company, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund the number of Mortgage Loans that are (A)
thirty days, (B) sixty days, (C) ninety days or more
delinquent or (D) in foreclosure, and indicating for each
such Mortgage Loan the loan number and outstanding principal
balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall provide
the Purchaser with a notice (sent by facsimile transmission)
of such proposed and imminent foreclosure, stating the loan
number and the aggregate amount owing under the Mortgage
Loan. Such notice may be provided to the Purchaser in the
form of a copy of a referral letter from the Company to an
attorney
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requesting the institution of foreclosure or a copy
of a request to foreclose received by the Company from the
related primary servicer which has been approved by the
Company.
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is non-
confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company that
in the event that the Company does not receive written notice of
the Purchaser's election pursuant to subsection (b) below within
24 hours (exclusive of any intervening non-Business Days) of
transmission of the notice provided by the Company under Section
2.01(a)(ii) subject to extension as set forth in Section 2.02(b),
the Company may proceed with the Commencement of Foreclosure in
respect of such Mortgage Loan in accordance with its normal
foreclosure policies without further notice to the Purchaser. Any
foreclosure that has been initiated may be discontinued (i)
without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with
respect to the Mortgage Loan (including by means of a short
payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not
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be confidential in nature and (ii) be obtainable by the Company
from existing reports, certificates or statements or otherwise be
readily accessible to its servicing personnel. The Purchaser
agrees that it has no right to deal with the mortgagor. However,
if the Company's normal foreclosure policies include acceptance
of a deed-in-lieu of foreclosure or short payoff, the Purchaser
will be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to Delay
Foreclosure, the Purchaser shall remit by wire transfer to the
Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan as the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and
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<PAGE>
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
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
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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 Company believes there is
a breach of representations or warranties by the Company, which
may result in a repurchase or substitution of such Mortgage Loan,
or (iii) the Company has or expects to have the right under the
Pooling and Servicing Agreement to purchase the defaulted
Mortgage Loan and intends to exercise such right or (iv) the
Company reasonably believes the Mortgaged Property may be
contaminated with or affected by hazardous wastes or hazardous
substances (and the Company supplies the Purchaser with
information supporting such belief) or (v) the same is prohibited
by or is otherwise inconsistent with the provisions of the
Pooling and Servicing Agreement. Any foreclosure that has been
initiated may be discontinued (i) without notice to the Purchaser
if the Mortgage Loan has been brought current or if a refinancing
or prepayment occurs with respect to the Mortgage Loan (including
by means of a short payoff approved by the Purchaser) or (ii)
with notice to the Purchaser if the Company has reached the terms
of a forbearance agreement unless instructed otherwise by the
Purchaser within two Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to any
Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee
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shall withdraw the amount of such excess from the Collateral Fund
and shall remit the same to the Trust Fund for application as
additional Liquidation Proceeds pursuant to the Pooling and
Servicing Agreement. After making such withdrawal, all amounts
remaining in the Collateral Fund (after adjustment for all
withdrawals and deposits pursuant to subsection (c) above and
after reimbursement to the Servicer for all related Monthly
Advances) in respect of such Mortgage Loan shall be released to
the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the Trust
Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class B_ Certificates has been reduced
to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the Company's actual loss experience
with respect to the Mortgage Loans in the related pool) of the
aggregate principal balance of all Mortgage Loans that are in
foreclosure or are more than 90 days delinquent on a contractual
basis and the aggregate book value of REO properties or (y) the
aggregate amount that the Company estimates through its normal
servicing practices will be required to be withdrawn from the
Collateral Fund with respect to Mortgage Loans as to which the
Purchaser has made an Election to Delay Foreclosure or an
Election to Foreclose exceeds (z) the then-current Class
Certificate Principal Balance of the Class B_ Certificates, or
(iii) upon any transfer by the Purchaser of any interest (other
than the minority interest therein, but only if the transferee
provides written acknowledgment to the Company of the Purchaser's
right hereunder and that such transferee will have no rights
hereunder) in the Class B_ Certificates [or in the Class B5
Certificates] (whether or not such transfer is registered under
the Pooling and Servicing Agreement), including any such transfer
in connection with a termination of the Trust Fund. Unless
earlier terminated as set forth herein, this Agreement and the
respective rights, obligations and responsibilities of the
Purchaser and the Company hereunder shall terminate immediately
upon (x) the later to occur of (i) the final liquidation of the
last Mortgage Loan as to which the Purchaser made any Election to
Delay Foreclosure or any Election to Foreclose and the withdrawal
of all remaining amounts in the Collateral Fund as provided
herein and (ii) ten (10) Business Days' notice or (y) the
occurrence of any event that results in the Purchaser becoming an
"affiliate" of the Trustee within the meaning of the Prohibited
Transaction Exemption (as defined in the Pooling and Servicing
Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall promptly
notify the Trustee and the Company if such Purchaser becomes
aware of any discussions, plans or events that might lead to such
Person's becoming an "affiliate" (within the meaning of the
Prohibited Transaction
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Exemption) of the Trustee, provided that the contents of any such
notification shall be kept confidential by the parties to this
Agreement.
ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 199_-__ Collateral Fund, for the benefit of GE
Capital Mortgage Services, Inc. and State Street Bank and Trust
Company on behalf of Certificateholders, as secured parties" (the
"Collateral Fund"). Amounts held in the Collateral Fund shall
continue to be the property of the Purchaser, subject to the
first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the
liquidation of all Mortgage Loans as to which the Purchaser has
made any Election to Delay Foreclosure or any Election to
Foreclose pursuant to Section 2.04 hereof, the Company shall
distribute to the Purchaser all amounts remaining in the
Collateral Fund together with any investment earnings thereon
(after giving effect to all withdrawals therefrom permitted under
this Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion
All income and gain realized from any investment as
well as any interest earned on deposits in the Collateral Fund
(net of any losses on such investments) and any payments of
principal made in respect of any Collateral Fund Permitted
Investment shall be deposited in the Collateral Fund upon
receipt. All costs and realized losses associated with the
purchase and sale of Collateral Fund Permitted Investments shall
be borne by the Purchaser and the amount of net realized losses
shall be promptly deposited by the Purchaser in the Collateral
Fund. The Company shall periodically (but not more frequently
than monthly) direct the Trustee to
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distribute to the Purchaser upon request an amount of cash, to
the extent cash is available therefor in the Collateral Fund,
equal to the amount by which the balance of the Collateral Fund,
after giving effect to all other distributions to be made from
the Collateral Fund on such date, exceeds the Required Collateral
Fund Balance. Any amounts so distributed shall be released from
the lien and security interest of this Agreement.
Section 3.03. Grant of Security Interest. In order to secure
the obligations of the Purchaser hereunder to the Company and the
Trustee for the benefit of Certificateholders (other than its
obligations under Section 4.10), the Purchaser hereby grants to
the Company and to the Trustee for the benefit of the
Certificateholders a security interest in and lien on all of the
Purchaser's right, title and interest, whether now owned or
hereafter acquired, in and to: (1) the Collateral Fund, (2) all
amounts deposited in the Collateral Fund and Collateral Fund
Permitted Investments in which such amounts are invested (and the
distributions and proceeds of such investments) and (3) all cash
and non-cash proceeds of any of the foregoing, including proceeds
of the voluntary or involuntary conversion thereof (all of the
foregoing collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Certificateholders. The Purchaser shall
take all actions requested by the Company or the Trustee as may
be reasonably necessary to perfect the security interest created
under this Agreement in the Collateral and cause it to be prior
to all other security interests and liens, including the
execution and delivery to the Company or at its direction the
Trustee for filing of appropriate financing statements in
accordance with applicable law.
Section 3.04. Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall constitute
a general corporate obligation of the Purchaser. The failure to
pay such amounts within two Business Days of such demand (except
for amounts to cover interest on a Mortgage Loan pursuant to
Sections 2.02(d) and 2.03(b)), shall cause an immediate
termination of the Purchaser's right to make any Election to
Delay Foreclosure or Election to Foreclose and the Company's
obligations under this Agreement with respect to all Mortgage
Loans to which such insufficiencies relate, without the necessity
of any further notice or demand on the part of the Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
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<PAGE>
Section 4.02. Counterparts. This Agreement may be executed
simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 4.03. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04. Notices. All demands, notices and direction
hereunder shall be in writing or by telecopy and shall be deemed
effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in
writing by the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
--------------------------------
--------------------------------
--------------------------------
Attention:______________________
Telephone:______________________
Facsimile:______________________
K-11
<PAGE>
with respect to all other notices pursuant to this Agreement,
--------------------------------
--------------------------------
--------------------------------
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in
writing by the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05. Severability of Provisions. If any one or more
of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. Article and Section Headings. The article and
section headings herein are for convenience of reference only and
shall not limit or otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that all
information supplied by or on behalf of the Company pursuant to
Section 2.01 or 2.02, including individual account information,
is the property of the Company and the Purchaser agrees to use
such information solely for the purposes set forth in this
Agreement and to hold such information confidential and not to
disclose such information.
K-12
<PAGE>
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class B5 Certificates has been reduced
to zero and any Special Servicing and Collateral Fund Agreement
between the Company and the Purchaser relating to such Class B5
Certificates has been terminated.]
K-13
<PAGE>
IN WITNESS WHEREOF, the Company and the Purchaser have
caused their names to be signed hereto by their respective
officers thereunto duly authorized, all as of the day and year
first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:________________________________
Name:
Title:
[PURCHASER]
By:_______________________________
Name:
Title:
Acknowledged and agreed to:
STATE STREET BANK AND TRUST COMPANY
By:___________________________________
Name:
Title:
K-14
<PAGE>
EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
I, _________________________________________, being duly
sworn, do hereby state under oath that:
1. I am a duly elected ______________________ of GE Capital
Mortgage Services, Inc. (the "Company") and am duly authorized to
make this affidavit.
2. This affidavit is being delivered in connection with the
transfer of the Mortgage Loan described in Paragraph 3 hereof by
the Company pursuant to the Pooling and Servicing Agreement dated
as of [date] between the Company, Seller and Servicer, and State
Street Bank and Trust Company, Trustee, relating to the Company's
REMIC Multi-Class Pass-Through Certificates, Series [____]
("Agreement"). Such Mortgage Loan constitutes a Designated Loan.
3. The Company is the payee under the following described
Mortgage Note ("Mortgage Note") which evidences the obligation of
the borrower(s) to repay the Mortgage Loan:
Loan Number: __________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
------------------------------------------------
4. The Company is the lawful owner of the Mortgage Note and
has not cancelled, altered, assigned or hypothecated the Mortgage
Note.
5. A thorough and diligent search for the executed original
Mortgage Note was undertaken and was unsuccessful.
6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the Company in
any manner inconsistent with its transfer of the Mortgage Loan
under the Agreement.
8. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, the Company
hereby confirms and agrees that in the event the inability to
produce the executed original Mortgage Note results in a breach
of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the
<PAGE>
lien created by the Mortgage Loan) or (x) (no valid offset,
defense or counterclaim to any Mortgage Note or Mortgage), the
Company shall repurchase the Mortgage Loan at the Purchase Price
and otherwise in accordance with Section 2.03(b) of the
Agreement. In addition, the Company covenants and agrees to
indemnify the Trustee and the Trust Fund from and hold them
harmless against any and all losses, liabilities, damages, claims
or expenses (other than those resulting from negligence or bad
faith of the Trustee) arising from the Company's failure to have
delivered the Mortgage Note to the Trustee, including without
limitation any such losses, liabilities, damages, claims or
expenses arising from any action to enforce the indebtedness
evidenced by the Mortgage Note or any claim by any third party
who is the holder of such indebtedness by virtue of possession of
the Mortgage Note.
9. In the event that the Company locates the executed
original Mortgage Note, it shall promptly provide the Mortgage
Note to the Trustee.
10. Capitalized terms not otherwise defined herein shall
have the meanings given them in the Agreement.
Date: _______________________
------------------------------
(signature)
------------------------------
(print name)
------------------------------
(print title)
L-2
<PAGE>
State of New Jersey )
) ss.:
)
On this ____________________day of ___________________,
199__, before me appeared ____________________________, to me
personally known, who acknowledged the execution of the foregoing
and who, having been duly sworn states that he/she is a/the
______________________________of GE Capital Mortgage Services,
Inc., that any representations therein contained are true, that
this Lost Note Affidavit was signed and sealed on behalf of GE
Capital Mortgage Services, Inc. and that this Lost Note Affidavit
is the free act and deed of GE Capital Mortgage Services, Inc.
---------------------------------------
(Notary Public)
[Notarial Seal]
L-3
<PAGE>
EXHIBIT M
SCHEDULE OF DESIGNATED LOANS
None
<PAGE>
EXHIBIT N
SCHEDULE OF PLEDGED ASSET
MORTGAGE LOANS
None
<PAGE>
EXHIBIT O
SENIOR PRINCIPAL PRIORITIES
third, to the Classes of Senior Certificates, in reduction of the
Class Certificate Principal Balances thereof, to the extent of
remaining Available Funds, concurrently as follows:
(a) to the Class A1, Class A2, Class A3, Class
A4, Class A5, Class A6, Class A7, Class A8, Class A9,
Class A10, Class A11, Class A12, Class A13 and Class R
Certificates, the Senior Optimal Principal Amount for
such Distribution Date, in the following order of
priority:
(i) to the Class A3 Certificates (the "Group
II Senior Certificates"), the Group II Senior
Principal Distribution Amount (as defined herein)
for such Distribution Date, until the Class
Certificate Principal Balance thereof has been
reduced to zero; and
(ii) to the Class A1, Class A2, Class A4,
Class A5, Class A6, Class A7, Class A8, Class A9,
Class A10, Class A11, Class A12, Class A13 and
Class R Certificates (the "Group I Senior
Certificates"), the Senior Optimal Principal
Amount for such Distribution Date, less the Group
II Senior Principal Distribution Amount for such
Distribution Date (such reduced amount, the
"Group I Senior Principal Distribution Amount"),
in the following order of priority:
(A) to the Class R Certificates, until the Class
Certificate Principal Balance thereof has been reduced to
zero:
(B) to the Class A1, Class A12 and Class A13
Certificates, concurrently as follows:
(I) approximately 78.9675535045% of the Group I
Senior Principal Distribution Amount to the Class A1
Certificates until the Class Certificate Principal Balance
thereof has been reduced to zero; and
(II) approximately 21.0324464955% of the Group I
Senior Principal Distribution Amount in the following order
of priority: first, to the Class A12 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero, and second, to the Class A13 Certificates
until the Class Certificate Principal Balance thereof has
been reduced to zero; and
(C) pro rata, to the Class A2, Class A10 and Class A11
Certificates, until the Class Certificate Principal
Balances thereof have each been reduced to zero; and
(D) pro rata, to the Class A4, Class A5, Class A6,
Class A7, Class A8 and Class A9 Certificates, until the
Class Certificate Principal Balances thereof have each been
reduced to zero; and
(b) to the Class PO Certificates, the Class PO
Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero;
