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) March 27, 1998
GE CAPITAL MORTGAGE SERVICES, INC.
(as Seller and Servicer under the Pooling and
Servicing Agreement, dated as of March 1, 1998,
providing for the issuance of REMIC Multi-Class
Pass-Through Certificates, Series 1998-6).
GE Capital Mortgage Services, Inc.
(Exact name of registrant as specified in its charter)
New Jersey 33-5042 21-0627285
- -----------------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
Three Executive Campus
Cherry Hill, New Jersey 08002
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number, including
area code (609) 661-6100
<PAGE>
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
General.
On March 27, 1998 GE Capital Mortgage Services, Inc. ("GECMSI")
offered to investors certain classes of its REMIC Multi-Class
Pass-Through Certificates, Series 1998-6 (the "Certificates"),
consisting of two groups of Certificates (the "Pool 1
Certificates" and the "Pool 2 Certificates"), each evidencing
beneficial ownership interests in a single trust fund (the "Trust
Fund"). The assets of the Trust Fund consist primarily of two
pools ("Pool 1" and "Pool 2", respectively, and each a "Mortgage
Pool") of conventional, one- to four-family residential loans
(the "Mortgage Loans"). Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to them in the
Prospectus dated March 19, 1998 as supplemented by the Prospectus
Supplement dated March 23, 1998.
Pool 1
The original principal balance of each Class of the Pool 1
Certificates is as follows:
Class 1-A1 $129,136,000.00
Class 1-A2 $32,504,000.00
Class 1-A3 $8,050,050.00
Class 1-A4 $2,683,350.00
Class 1-A5 $4,100,000.00
Class 1-A6 $18,080,000.00
Class 1-PO $181,866.65
Class 1-M $3,753,000.00
Class 1-B1 $1,623,000.00
Class 1-B2 $913,000.00
Class 1-B3 $811,000.00
Class 1-B4 $405,700.00
Class 1-B5 $608,284.90
Class R $100.00
---------------
Total : $202,849,351.55
The initial Pool 1 Junior Percentage and Pool 1 Senior Percentage
are approximately 4.00% and 96.00%, respectively. The "Pool 1
Bankruptcy Loss Amount," the "Pool 1 Fraud Loss Amount" and the
"Pool 1 Special Hazard Loss Amount" as of the initial issuance of
the Certificates are approximately $100,000, $2,028,494 and
$2,423,228, respectively, representing approximately 0.05%,
1.00%, and 1.19%, respectively, of the aggregate Scheduled
Principal Balances of the Pool 1 Mortgage Loans as of March 1,
1998 (the "Cut-off Date").
2
<PAGE>
Pool 2
The original principal balance of each Class of the Pool 2
Certificates is as follows:
Class 2-A1 $3,250,000.00
Class 2-A2 $80,195,000.00
Class 2-A3 $126,000,000.00
Class 2-A4 $21,909,000.00
Class 2-A5 $16,135,000.00
Class 2-A6 $24,879,000.00
Class 2-A7 $8,293,000.00
Class 2-A8 $32,500,000.00
Class 2-PO $171,871.97
Class 2-M $6,038,000.00
Class 2-B1 $2,611,000.00
Class 2-B2 $1,469,000.00
Class 2-B3 $1,305,500.00
Class 2-B4 $652,750.00
Class 2-B5 $979,293.09
---------------
Total : $326,388,415.06
The initial Pool 2 Junior Percentage and Pool 2 Senior Percentage
are approximately 4.00% and 96.00%, respectively. The "Pool 2
Bankruptcy Loss Amount," the "Pool 2 Fraud Loss Amount" and the
"Pool 2 Special Hazard Loss Amount" as of the initial issuance of
the Certificates are approximately $107,807, $3,263,884 and
$4,197,625, respectively, representing approximately 0.03%,
1.00%, and 1.29%, respectively, of the aggregate Scheduled
Principal Balances of the Pool 2 Mortgage Loans as of March 1,
1998 (the "Cut-off Date").
Description of the Mortgage Pools and the Mortgaged Properties
Pool 1
Pool 1 consists primarily of fixed-rate, fully-amortizing
conventional Mortgage Loans (the "Pool 1 Mortgage Loans")
evidenced by Mortgage Notes which have original maturities of 20
to 30 years and an aggregate outstanding Scheduled Principal
Balance as of the Cut-off Date, after deducting payments of
principal due on or before such date and prepayments of principal
received before such date, of $202,849,351.55.
The interest rates (the "Mortgage Rates") borne by the 651 Pool 1
Mortgage Loans conveyed by GECMSI range from 6.500% to 8.750% and
the weighted average Mortgage Rate as of the Cut-off Date is
7.4486% per annum (all weighted averages in this filing are
weighted by aggregate outstanding Scheduled Principal Balance of
all Pool 1 Mortgage Loans as of the Cut-off Date). At
origination, the principal balances of the Pool 1 Mortgage Loans
ranged from $45,000.00 to $942,000.00, and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 1 Mortgage Loans is $311,596.55, after application of
principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Pool 1 Mortgage Loan is April 1994, and
the latest scheduled maturity date of any such Mortgage Loan is
March 2028. The weighted average loan-to-value ratio of the Pool
1 Mortgage Loans as of the Cut-off Date in Pool 1998-6 is
75.0331%.
3
<PAGE>
The Pool 1 Mortgage Loans have the following characteristics as
of the Cut-off Date.
a) The following table sets forth information, as of the
Cut-off Date, with respect to the Mortgage Rates borne by
the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.5000% 1 $173,343.15 0.0855%
6.6250% 1 $395,550.00 0.1950%
6.7500% 9 $2,649,370.96 1.3061%
6.8750% 15 $3,996,626.94 1.9702%
7.0000% 25 $7,890,079.22 3.8896%
7.1250% 42 $13,187,246.03 6.5010%
7.2500% 108 $32,813,521.23 16.1763%
7.3750% 94 $30,738,443.27 15.1533%
7.5000% 179 $55,527,811.97 27.3741%
7.6250% 66 $21,020,552.56 10.3626%
7.7500% 56 $16,877,526.10 8.3202%
7.8750% 28 $9,063,148.64 4.4679%
8.0000% 17 $5,309,599.45 2.6175%
8.1250% 3 $763,297.66 0.3763%
8.2500% 4 $1,498,886.25 0.7389%
8.3750% 1 $455,431.16 0.2245%
8.7500% 2 $488,916.96 0.2410%
----- --------------- ---------
Total 651 $202,849,351.55 100.0000%
4
<PAGE>
b) The following table sets forth information, as of the
Cut-off Date, with respect to the original principal
balances of the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 227,150 53 $8,230,026.23 4.0572%
$227,151 - 250,000 120 $28,754,478.92 14.1753%
$250,001 - 300,000 211 $57,779,043.51 28.4837%
$300,001 - 350,000 100 $32,482,362.01 16.0130%
$350,001 - 400,000 64 $24,055,309.91 11.8587%
$400,001 - 450,000 38 $16,141,240.07 7.9573%
$450,001 - 600,000 55 $28,585,388.78 14.0919%
$600,001 - 650,000 8 $5,089,654.08 2.5091%
$650,001 - 1,000,000+ 2 $1,731,848.04 0.8538%
----- --------------- ---------
Total 651 $202,849,351.55 100.0000%
The largest outstanding Pool 1 Mortgage Loan Scheduled Principal
Balance as of the Cut-off Date, is $941,335.15.
The smallest outstanding Pool 1 Mortgage Loan Scheduled Principal
Balance, as of the Cut-off Date, is $44,939.42.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1994 2 $633,068.76 0.3121%
1996 1 $261,734.68 0.1290%
1997 145 $45,138,735.00 22.2523%
1998 503 $156,815,813.11 77.3066%
----- --------------- ---------
Total 651 $202,849,351.55 100.0000%
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 Pool 1 Mortgage Loans at origination:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 26 $9,315,706.87 4.5924%
50.001 - 60.00 31 $8,953,908.89 4.4141%
60.001 - 70.00 81 $28,268,109.13 13.9355%
70.001 - 75.00 114 $37,002,031.41 18.2411%
75.001 - 80.00 294 $90,595,135.88 44.6614%
80.001 - 85.00 18 $5,371,615.91 2.6481%
85.001 - 90.00 51 $14,943,188.92 7.3666%
90.001 - 95.00 36 $8,399,654.54 4.1408%
95.001 - 100.00 0 $0.00 0.0000%
----- --------------- ---------
Total 651 $202,849,351.55 100.0000%
e) The following table sets forth information, as of the
Cut-off Date, with respect to the type of Mortgaged
Properties securing the Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 600 $187,642,803.23 92.5035%
Single-family
attached 20 $6,035,293.05 2.9753%
Condominium 20 $5,002,864.49 2.4663%
2 - 4 Family Units 11 $4,168,390.78 2.0549%
Co-Op 0 $0.00 0.0000%
----- --------------- ---------
Total 651 $202,849,351.55 100.0000%
f) The following table sets forth information, as of the
Cut-off Date, with respect to the occupancy status of the
Mortgaged Properties securing the Pool 1 Mortgage Loans as
represented by mortgagors at origination:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 643 $200,686,938.54 98.9339%
Vacation 5 $1,759,650.22 0.8675%
Investment 3 $402,762.79 0.1986%
----- --------------- ---------
Total 651 $202,849,351.55 100.0000%
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 Pool 1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 4 $1,180,444.73 0.5819%
Arizona 7 $1,927,371.10 0.9501%
Arkansas 1 $240,000.00 0.1183%
California 313 $100,760,693.96 49.6729%
Colorado 13 $4,034,436.61 1.9889%
Connecticut 10 $2,997,173.62 1.4775%
Delaware 1 $270,000.00 0.1331%
District of Columbia 6 $2,130,294.36 1.0502%
Florida 15 $4,659,181.47 2.2969%
Georgia 22 $6,675,184.47 3.2907%
Hawaii 1 $594,500.00 0.2931%
Iowa 1 $306,772.16 0.1512%
Illinois 17 $4,385,248.66 2.1618%
Indiana 2 $735,735.00 0.3627%
Kansas 1 $227,789.12 0.1123%
Louisiana 4 $1,074,522.73 0.5297%
Maine 1 $243,400.00 0.1200%
Massachusetts 36 $10,002,339.99 4.9309%
Maryland 37 $11,610,554.88 5.7239%
Michigan 2 $774,913.75 0.3820%
Minnesota 3 $789,304.21 0.3891%
Mississippi 1 $266,003.35 0.1311%
Missouri 8 $2,545,104.65 1.2547%
Nebraska 1 $342,000.00 0.1686%
North Carolina 9 $2,930,156.44 1.4445%
New Hampshire 1 $267,440.95 0.1318%
New Jersey 21 $6,103,155.46 3.0087%
New Mexico 2 $458,310.53 0.2259%
Nevada 5 $1,588,325.47 0.7830%
New York 8 $2,688,412.52 1.3253%
Ohio 5 $1,416,303.24 0.6982%
Oklahoma 2 $599,792.19 0.2957%
Oregon 8 $2,898,510.44 1.4289%
Pennsylvania 14 $4,693,312.16 2.3137%
Rhode Island 1 $295,751.32 0.1458%
South Carolina 4 $1,170,718.95 0.5771%
Tennessee 2 $929,046.63 0.4580%
Texas 23 $6,338,685.46 3.1248%
Utah 2 $691,350.63 0.3408%
Virginia 28 $8,108,897.23 3.9975%
Vermont 2 $492,999.72 0.2430%
Washington 7 $2,405,213.39 1.1857%
----- --------------- ---------
Total 651 $202,849,351.55 100.0000%
7
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
1 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2017 1 $227,789.12 0.1123%
2018 2 $370,587.42 0.1827%
2023 1 $319,000.00 0.1573%
2024 2 $633,068.76 0.3121%
2025 1 $398,685.08 0.1965%
2026 2 $872,038.19 0.4299%
2027 33 $10,133,259.91 4.9955%
2028 609 $189,894,923.07 93.6137%
----- --------------- ---------
Total 651 $202,849,351.55 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 1 Mortgage Loans calculated as of the Cut-off Date is 358
months.
i) The following table sets forth information, as of the
Cut-off Date, with respect to the purpose of the Pool 1
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 258 $76,743,703.27 37.8329%
Rate Term/Refinance 323 $103,108,198.47 50.8299%
Cash-out Refinance 70 $22,997,449.81 11.3372%
----- --------------- ---------
Total 651 $202,849,351.55 100.0000%
8
<PAGE>
Pool 2
Pool 2 consists primarily of fixed-rate, fully-amortizing
conventional Mortgage Loans (the "Pool 2 Mortgage Loans")
evidenced by Mortgage Notes which have original maturities of 20
to 30 years and an aggregate outstanding Scheduled Principal
Balance as of the Cut-off Date, after deducting payments of
principal due on or before such date and prepayments of principal
received before such date, of $326,388,415.06.
The interest rates (the "Mortgage Rates") borne by the 1,038 Pool
2 Mortgage Loans conveyed by GECMSI range from 6.6250% to 9.0000%
and the weighted average Mortgage Rate as of the Cut-off Date is
7.4647% per annum (all weighted averages in this filing are
weighted by aggregate outstanding Scheduled Principal Balance of
all Pool 2 Mortgage Loans as of the Cut-off Date). At
origination, the principal balances of the Pool 2 Mortgage Loans
ranged from $91,500.00 to $813,500.00, and, as of the Cut-off
Date, the average outstanding Scheduled Principal Balance of the
Pool 2 Mortgage Loans is $314,439.71, after application of
principal payments due on or before the Cut-off Date and
prepayments of principal received before such date. The earliest
origination date of any Pool 2 Mortgage Loan is July 1993, and
the latest scheduled maturity date of any such Mortgage Loan is
March 2028. The weighted average loan-to-value ratio of the Pool
2 Mortgage Loans as of the Cut-off Date is 75.0138%.
9
<PAGE>
The Pool 2 Mortgage Loans have the following characteristics as
of the Cut-off Date.
a) Thefollowing table sets forth information, as of the Cut-off
Date, with respect to the Mortgage Rates borne by the Pool 2
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
MORTGAGE # OF AS OF AGGREGATE
RATES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
6.6250% 3 $1,044,320.53 0.3200%
6.7500% 3 $1,459,877.57 0.4473%
6.8750% 16 $4,605,230.59 1.4110%
7.0000% 53 $16,995,004.77 5.2070%
7.0500% 1 $227,377.89 0.0697%
7.1250% 75 $23,779,300.31 7.2856%
7.2000% 2 $484,732.65 0.1485%
7.2500% 154 $49,401,990.81 15.1360%
7.3750% 129 $38,990,858.05 11.9462%
7.4000% 3 $1,068,236.20 0.3273%
7.4500% 1 $273,987.34 0.0839%
7.5000% 242 $77,562,871.80 23.7637%
7.5500% 2 $761,079.44 0.2332%
7.6000% 4 $1,311,342.36 0.4018%
7.6250% 181 $56,430,491.09 17.2892%
7.6500% 7 $2,228,393.27 0.6827%
7.7000% 3 $851,779.82 0.2610%
7.7500% 79 $23,689,013.21 7.2579%
7.8000% 8 $2,533,272.38 0.7762%
7.8750% 26 $7,490,763.39 2.2950%
7.9000% 2 $813,880.21 0.2494%
8.0000% 16 $4,219,154.24 1.2927%
8.0500% 1 $251,194.86 0.0770%
8.1250% 5 $1,096,949.44 0.3361%
8.2500% 13 $4,869,912.13 1.4921%
8.3750% 3 $1,545,768.97 0.4736%
8.5000% 2 $933,200.04 0.2859%
8.6250% 1 $475,435.92 0.1457%
8.7500% 1 $246,628.05 0.0756%
9.0000% 2 $746,367.73 0.2287%
----- --------------- ---------
Total 1,038 $326,388,415.06 100.0000%
10
<PAGE>
b) The following table sets forth information, as of the
Cut-off Date, with respect to the original principal
balances of the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
ORIGINAL # OF AS OF AGGREGATE
BALANCES LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
$ 0 - 227,150 78 $13,716,222.76 4.2024%
$227,151 - 250,000 158 $37,797,412.35 11.5805%
$250,001 - 300,000 358 $98,680,087.15 30.2339%
$300,001 - 350,000 189 $61,192,181.80 18.7483%
$350,001 - 400,000 102 $38,209,843.84 11.7069%
$400,001 - 450,000 55 $23,197,143.95 7.1072%
$450,001 - 600,000 73 $37,239,846.41 11.4097%
$600,001 - 650,000 23 $14,750,801.01 4.5194%
$650,001 - 1,000,000+ 2 $1,604,875.79 0.4917%
----- --------------- ---------
Total 1,038 $326,388,415.06 100.0000%
The largest outstanding Pool 2 Mortgage Loan Scheduled Principal
Balance, as of the Cut-off Date, is $813,500.00.
The smallest outstanding Pool 2 Scheduled Principal Balance, as
of the Cut-off Date, is $91,500.00.
c) The following table sets forth information, as of the
Cut-off Date, with respect to the years of origination of
the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
1993 1 $311,904.66 0.0956%
1995 1 $314,235.76 0.0963%
1996 1 $216,948.90 0.0665%
1997 235 $71,535,722.25 21.9174%
1998 800 $254,009,603.49 77.8242%
----- --------------- ---------
Total 1,038 $326,388,415.06 100.0000%
11
<PAGE>
d) The following table sets forth information, as of the
Cut-off Date, with respect to the loan-to-value ratios of
the Pool 2 Mortgage Loans at origination:
LOAN- AGGREGATE % OF
TO-VALUE BALANCES POOL BY
RATIO AT # OF AS OF AGGREGATE
ORIGINATION LOANS CUT-OFF DATE BALANCE
----------- ----- ------------ ---------
00.000 - 50.00 35 $11,690,977.92 3.5819%
50.001 - 60.00 52 $16,751,062.50 5.1322%
60.001 - 70.00 142 $49,910,068.77 15.2916%
70.001 - 75.00 203 $68,358,122.90 20.9438%
75.001 - 80.00 449 $135,747,983.48 41.5911%
80.001 - 85.00 21 $5,952,790.65 1.8238%
85.001 - 90.00 71 $21,195,363.04 6.4939%
90.001 - 95.00 65 $16,782,045.80 5.1417%
95.001 - 100.00 0 $0.00 0.0000%
----- --------------- ---------
Total 1,038 $326,388,415.06 100.0000%
e) The following table sets forth information, as of the
Cut-off Date, with respect to the type of Mortgaged
Properties securing the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
TYPE OF # OF AS OF AGGREGATE
DWELLING LOANS CUT-OFF DATE BALANCE
- -------- ----- ------------ ---------
Single-family
detached 933 $293,954,240.90 90.0627%
Single-family
attached 43 $13,643,735.07 4.1802%
Condominium 47 $13,384,519.75 4.1008%
2 - 4 Family Units 15 $5,405,919.34 1.6563%
Co-Op 0 $0.00 0.0000%
----- --------------- ---------
Total 1,038 $326,388,415.06 100.0000%
f) The following table sets forth information, as of the
Cut-off Date, with respect to the occupancy status of the
Mortgaged Properties securing the Pool 2 Mortgage Loans as
represented by the mortgagors at origination:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
OCCUPANCY LOANS CUT-OFF DATE BALANCE
- --------- ----- ------------ ---------
Owner Occupied 1031 $323,969,232.23 99.2588%
Vacation 7 $2,419,182.83 0.7412%
Investment 0 $0.00 0.0000%
----- --------------- ---------
Total 1,038 $326,388,415.06 100.0000%
12
<PAGE>
g) The following table sets forth information, as of the
Cut-off Date, with respect to the geographic distribution of
the Mortgaged Properties securing the Pool 2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
# OF AS OF AGGREGATE
STATE LOANS CUT-OFF DATE BALANCE
- ----- ----- ------------ ---------
Alabama 4 $1,299,718.99 0.3982%
Arizona 17 $4,932,194.26 1.5111%
California 655 $210,705,291.63 64.5567%
Colorado 13 $3,855,605.50 1.1813%
Connecticut 9 $3,015,892.91 0.9240%
District of Columbia 2 $579,372.94 0.1775%
Florida 25 $6,597,786.89 2.0215%
Georgia 5 $1,651,992.95 0.5061%
Hawaii 7 $2,274,198.66 0.6968%
Iowa 2 $522,902.40 0.1602%
Illinois 23 $7,440,379.63 2.2796%
Kansas 1 $340,100.00 0.1042%
Louisiana 2 $1,148,000.00 0.3517%
Massachusetts 35 $11,277,816.22 3.4553%
Maryland 31 $8,407,949.04 2.5761%
Michigan 6 $1,601,091.88 0.4905%
Minnesota 5 $1,507,389.02 0.4618%
Mississippi 1 $359,463.99 0.1101%
Missouri 8 $2,682,105.48 0.8218%
North Carolina 6 $1,697,523.82 0.5201%
New Jersey 21 $6,446,340.82 1.9751%
New Mexico 5 $1,414,014.64 0.4332%
Nevada 7 $2,215,530.90 0.6788%
New York 29 $10,394,024.25 3.1846%
Ohio 1 $282,789.97 0.0866%
Oklahoma 2 $446,384.23 0.1368%
Oregon 17 $4,888,360.13 1.4977%
Pennsylvania 13 $4,017,701.28 1.2310%
Rhode Island 3 $805,000.00 0.2466%
South Carolina 4 $1,265,687.68 0.3878%
Tennessee 3 $840,190.55 0.2574%
Texas 20 $5,149,781.32 1.5778%
Utah 1 $318,513.44 0.0976%
Virginia 43 $12,614,759.49 3.8650%
Vermont 1 $229,556.99 0.0703%
Washington 11 $3,163,003.16 0.9691%
----- --------------- ---------
Total 1,038 $326,388,415.06 100.0000%
13
<PAGE>
h) The following table sets forth information, as of the
Cut-off Date, with respect to the maturity dates of the Pool
2 Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
YEAR OF # OF AS OF AGGREGATE
MATURITY LOANS CUT-OFF DATE BALANCE
-------- ----- ------------ ---------
2018 8 $2,572,404.19 0.7881%
2023 3 $867,325.19 0.2657%
2025 1 $314,235.76 0.0963%
2026 1 $216,948.90 0.0665%
2027 81 $22,367,894.59 6.8532%
2028 944 $300,049,606.43 91.9302%
----- --------------- ---------
Total 1,038 $326,388,415.06 100.0000%
The weighted average scheduled remaining term to maturity of the
Pool 2 Mortgage Loans calculated as of the Cut-off Date is 358
months.
i) The following table sets forth information, as of the
Cut-off Date, with respect to the purpose of the Pool 2
Mortgage Loans:
AGGREGATE % OF
BALANCES POOL BY
PURPOSE # OF AS OF AGGREGATE
OF LOAN LOANS CUT-OFF DATE BALANCE
- ------- ----- ------------ ---------
Purchase 389 $120,323,720.77 36.8652%
Rate Term/Refinance 540 $169,965,281.76 52.0745%
Cash-out Refinance 109 $36,099,412.53 11.0603%
----- --------------- ---------
Total 1,038 $326,388,415.06 100.0000%
14
<PAGE>
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND
EXHIBITS.
1.1 The Underwriting Agreement dated as of April 24, 1995 and
the related Terms Agreement dated as of March 23, 1998 for
the Series 1998-6 Certificates between GE Capital Mortgage
Services, Inc. and PaineWebber Incorporated and the
Underwriting Agreement dated as of September 19, 1997 and
the related Terms Agreement dated as of March 23, 1998 for
the Series 1998-6 Certificates between GE Capital Mortgage
Services, Inc. and Greenwich Capital Markets.
4.1 The Pooling and Servicing Agreement for the Series 1998-6
Certificates dated as of March 1, 1998 between GE Capital
Mortgage Services, Inc., as seller and servicer, and State
Street Bank and Trust Company, as trustee.
15
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By: /s/ Syed W. Ali
-----------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of March 27, 1998
16
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the
undersigned thereunto duly authorized.
GE Capital Mortgage Services, Inc.
By:
-----------------------------
Name: Syed W. Ali
Title: Vice President
Dated as of March 27, 1998
17
<PAGE>
EXHIBIT INDEX
The exhibits are being filed herewith:
- ----------------------------------------------------------------
EXHIBIT NO. DESCRIPTION PAGE
- ----------------------------------------------------------------
1.1 The Underwriting Agreement
dated as of April 24, 1995 and the
related Terms Agreement dated as
of March 23, 1998 between GE
Capital Mortgage Services, Inc.
and PaineWebber Incorporated
and the Underwriting Agreement
dated as of September 19, 1997
and the related Terms Agreement
dated as of March 23, 1998
between GE Capital Mortgage
Services, Inc. and Greenwich
Capital Markets.
4.1 The Pooling and Servicing
Agreement for the Series 1998-6
Certificates dated as of March 1,
1998 between GE Capital
Mortgage Services, Inc., as seller
and servicer, and State Street
Bank and Trust Company, as
trustee.
- ----------------------------------------------------------------
18
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
PaineWebber Incorporated New York, New York
1285 Avenue of the Americas April 24, 1995
New York, New York 10019
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of a pool of conventional, fixed
rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
<PAGE>
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified in
the related Terms Agreement, on Form S-3, including a
prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of the
Registration Statement, is hereinafter called the
"Registration Statement," and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3 under
the Act which were filed under the Exchange Act on or
before the date of such Prospectus Supplement (other
than any such incorporated documents that relate to
Collateral Term Sheets (as defined herein)) (such
prospectus supplement, including such incorporated
documents (other than those that relate to Collateral
Term Sheets), in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b) is
hereinafter called the "Prospectus Supplement"), is
hereinafter called the "Prospectus". Any reference
herein to the terms "amend," "amendment" or
2
<PAGE>
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the effective
date of the Registration Statement or the issue date of
the Prospectus or Prospectus Supplement, as the case
may be, deemed to be incorporated therein by reference
pursuant to Item 12 of Form S-3 under the Act.
(ii) The related Registration Statement, at
the time it became effective, and the prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each Closing
Date (as defined in Section 3 below), the related
Registration Statement and the related Prospectus, and
any amendments thereof and supplements thereto, will
conform in all material respects to the requirements of
the Act and the rules and regulations of the Commission
thereunder; such Registration Statement, at the time it
became effective, did not contain any untrue statement
of a material fact or omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading; such Prospectus, on
the date of any filing pursuant to Rule 424(b) and on
each Closing Date, will not include any untrue
statement of a material fact or omit to state a
material fact necessary to make the statements therein,
in the light of the circumstances under which they are
made, not misleading; and the Detailed Description
referred to in such Prospectus, on each Closing Date
and the date of any filing thereof under cover of Form
8-K, will not include any untrue statement of a
material fact or omit to state any information which
such Prospectus states will be included in such
Detailed Description; provided, however, that the
Company makes no representations or warranties as to
the information contained in or omitted from (A) such
Registration Statement or such Prospectus (or any
supplement thereto) in reliance upon and in conformity
with written information furnished to the Company by or
on behalf of the Underwriter specifically for use in
the preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
Prospectus (or any amendment thereof or supplement
thereto).
3
<PAGE>
(iii) The Certificates of the related Series
will conform to the description thereof contained in
the related Prospectus; will each, if rated at the time
of issuance in one of the two highest rating categories
by a nationally recognized statistical rating
organization, be when issued a "mortgage related
security" as such term is defined in Section 3(a)(41)
of the Exchange Act, and will each on the related
Closing Date be duly and validly authorized, and, when
validly executed, countersigned, issued and delivered
in accordance with the related Pooling and Servicing
Agreement and sold to you as provided herein and in the
related Terms Agreement, will each be validly issued
and outstanding and entitled to the benefits of the
related Pooling and Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the consummation
of any other of the transactions herein contemplated,
nor the fulfillment of the terms hereof or of the
related Terms Agreement, will conflict with any
statute, order or regulation applicable to the Company
of any court, regulatory body, administrative agency or
governmental body having jurisdiction over the Company
or with any organizational document of the Company or
any instrument or any agreement under which the Company
is bound or to which it is a party.
(v) This Agreement and the related
Terms Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance with
its terms, subject as to enforceability, to bankruptcy,
insolvency, reorganization or other similar laws
affecting creditors' rights and to general principles
of equity (regardless of whether the enforceability of
such Pooling and Servicing Agreement is considered in a
proceeding in equity or at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
4
<PAGE>
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which such
Prospectus relates also will promptly advise the Underwriter
(i) when any amendment to the related Registration Statement
specifically relating to such Offered Certificates shall
have become effective or any further supplement to such
Prospectus has been filed, (ii) of any request by the
Commission for any amendment of such Registration Statement
or Prospectus or for any additional information, (iii) of
the issuance by the Commission of any stop order suspending
5
<PAGE>
the effectiveness of such Registration Statement or the
institution or threatening of any proceeding for that
purpose and (iv) of the receipt by the Company of any
written notification with respect to the suspension of the
qualification of such Offered Certificates for sale in any
jurisdiction or the initiation or threatening of any
proceeding for such purpose. The Company will not file any
amendment of the related Registration Statement or
supplement to the related Prospectus (other than any
amendment or supplement specifically relating to one or more
Series of pass-through certificates other than the Series
that includes the related Offered Certificates) unless the
Company has furnished the Underwriter with a copy for its
review prior to filing. The Company will use its best
efforts to prevent the issuance of any such stop order and,
if issued, to obtain as soon as possible the withdrawal
thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined in
Section 8 below) with respect to the Offered Certificates of
a Series that are delivered by the Underwriter to the
Company pursuant to Section 8 to be filed with the
Commission on a Current Report on Form 8-K (a "Current
Report") pursuant to Rule 13a-11 under the Exchange Act on
the business day immediately following the later of (i) the
day on which such Computational Materials and Structural
Term Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed with
the Commission on a Current Report pursuant to Rule 13a-11
under the Exchange Act on the business day immediately
following the day on which such Collateral Term Sheet is
delivered to counsel for the Company by the Underwriter
prior to 10:30 a.m. In addition, if at any time prior to the
availability of the related Prospectus Supplement the
Underwriter has delivered to any prospective investor a
Collateral Term Sheet that reflects, in the reasonable
judgement of the Underwriter and the Company, a material
change in the characteristics of the Mortgage Loans for the
related Series from those on which a Collateral Term Sheet
with respect to the related Series previously filed with the
Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on the
business day immediately following the day on which such
Collateral Term Sheet is delivered to counsel for the
6
<PAGE>
Company by the Underwriter prior to 10:30 a.m. In each case,
the Company will promptly advise the Underwriter when such
Current Report has been so filed. Each such Current Report
shall be incorporated by reference in the related Prospectus
and the related Registration Statement. Notwithstanding the
five preceding sentences, the Company shall have no
obligation to file any materials provided by the Underwriter
pursuant to Sections 8 and 9 which, in the reasonable
determination of the Company after making reasonable efforts
to consult with the Underwriter, are not required to be
filed pursuant to the Kidder Letters or the PSA Letter (each
as defined in Section 8 below), or which contain erroneous
information or contain any untrue statement of a material
fact or, when read in conjunction with the Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading; it being understood,
however, that the Company shall have no obligation to review
or pass upon the accuracy or adequacy of, or to correct, any
Computational Materials, Structural Term Sheets or
Collateral Term Sheets provided by the Underwriter to the
Company pursuant to Section 8 or Section 9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or supplemented
would include any untrue statement of a material fact or
omit to state any material fact necessary to make the
statements therein in light of the circumstances under which
they were made not misleading, or if it shall be necessary
at any time to amend or supplement the related Prospectus to
comply with the Act or the rules thereunder, the Company
promptly will prepare and file with the Commission, subject
to paragraph (a) of this Section 5, an amendment or
supplement which will correct such statement or omission or
an amendment which will effect such compliance; provided,
however, that the Company will not be required to file any
such amendment or supplement with respect to any
Computational Materials, Structural Term Sheets or
Collateral Term Sheets incorporated by reference in the
Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of such
Collateral Term Sheets that are furnished to the Company by
the Underwriter pursuant to Section 9(d) hereof which the
Company determines to file in accordance therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
7
<PAGE>
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however, that
the Company shall not be required to qualify to do business
in any jurisdiction where it is not qualified on the date of
the related Terms Agreement or to take any action which
would subject it to general or unlimited service of process
in any jurisdiction in which it is not, on the date of the
related Terms Agreement, subject to such service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office of
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided in
this paragraph (f) and in Section 7 hereof, the Underwriter
will pay all its own costs and expenses, including the fees
of Brown & Wood, counsel for the Underwriter, transfer taxes
on resale of any Offered Certificates by it, advertising
expenses connected with any offers that it may make, the
fees of KPMG Peat Marwick with respect to its letters
furnished pursuant to Section 6(i) of the Agreement and any
letter furnished pursuant to the last sentence of Section
8
<PAGE>
6(h) hereof, the fees of any firm of public accountants
selected by the Underwriter with respect to their letter
furnished pursuant to Section 8(c) of the Agreement and any
other costs and expenses specified in the related Terms
Agreement as "Additional Expenses").
6. Conditions to the Obligations of the Underwriter.
The obligations of the Underwriter to purchase the Offered
Certificates of any Series shall be subject to the accuracy in
all material respects of the representations and warranties on
the part of the Company contained in this Agreement, as
supplemented by the related Terms Agreement, as of the respective
dates thereof and the related Closing Date, to the accuracy of
the statements of the Company made in any applicable officers'
certificates pursuant to the provisions hereof, to the
performance by the Company of its obligations under this
Agreement and such Terms Agreement and to the following
additional conditions applicable to the related Certificate
Offering:
(a) No stop order suspending the effectiveness of
the related Registration Statement shall have been issued
and no proceedings for that purpose shall have been
instituted or threatened.
(b) Cleary, Gottlieb, Steen & Hamilton, counsel
for the Company, shall have furnished to the Underwriter an
opinion, dated the related Closing Date, to the effect that:
(i) this Agreement and the related
Terms Agreement have been duly authorized, executed and
delivered by the Company;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Company and is a legal, valid and
binding agreement of the Company enforceable against
the Company in accordance with its terms;
(iii) the issuance of the Certificates of the
related Series and sale of the related Offered
Certificates has been duly authorized by the Company
and the Certificates of such Series, when duly
countersigned by the Trustee in accordance with the
related Pooling and Servicing Agreement, will be
validly issued and outstanding and entitled to the
benefits of such Pooling and Servicing Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
9
<PAGE>
under the Investment Company Act of 1940, as amended;
(v) the related Registration Statement has
become effective under the Act, and, to the best of the
knowledge of such counsel, no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or are pending or contemplated by the
Commission under the Act; such Registration Statement
and the related Prospectus, and each amendment or
supplement thereto (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein) applicable to the related Offered
Certificates and the obligations of the Company
relating thereto, as of their respective effective or
issue dates, appeared on their face to be appropriately
responsive in all material respects to the requirements
of the Act and the rules and regulations thereunder;
and no information has come to the attention of such
counsel that causes it to believe that (A) such
Registration Statement (except any document
incorporated by reference therein), as of the date it
became effective, or such Registration Statement
(except as aforesaid, and except the financial
statements and schedules and statistical data included
therein and the documents incorporated by reference
therein) as of the date the most recent post-effective
amendment thereto, if any, became effective, contained
any untrue statement of a material fact or omitted to
state any material fact required to be stated therein
or necessary to make the statements therein not
misleading or (B) such Prospectus (except any document
incorporated by reference therein) or any amendment or
supplement thereto (except as aforesaid, and except the
financial statements and schedules and statistical data
included therein and the documents incorporated by
reference therein), as of their respective issue dates
or at the related Closing Date, contained or contains
any untrue statement of a material fact or omitted or
omits to state any material fact necessary in order to
make the statements therein, in light of the
circumstances under which they were made, not
misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
10
<PAGE>
(vii) the statements in the related
Prospectus under the headings "Certain Legal Aspects of
the Mortgage Loans and Contracts -- The Mortgage
Loans", "Certain Federal Income Tax Consequences"
(insofar as they relate specifically to the purchase,
ownership and disposition of the related Offered
Certificates) and "ERISA Considerations" (insofar as
they relate specifically to the purchase, ownership and
disposition of such Offered Certificates), to the
extent that they constitute matters of law or legal
conclusions, provide a fair summary of such law or
conclusions;
(viii) assuming compliance with the provisions
of the related Pooling and Servicing Agreement, for
federal income tax purposes, (A) if any election is
made to treat the assets of the Trust Fund as a REMIC:
the related Trust Fund (and any specified subgrouping
therein) will qualify as a REMIC pursuant to Section
860D of the Internal Revenue Code of 1986, as amended
(the "Code"), each Class of Certificates of the related
Series, other than the related Residual Class or
Classes, will constitute a class of "regular interests"
in the related REMIC within the meaning of the Code,
and each Class of such Certificates specified in the
related Prospectus as a Class of Residual Certificates
will constitute the "residual interest" in the related
REMIC within the meaning of the Code; (B) if no such
REMIC election is made: the Trust Fund will be treated
as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two highest
rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance, a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such opinion
may assume the due authorization, execution and delivery of
the instruments and documents referred to therein by the
parties thereto other than the Company. Such opinion may be
qualified, insofar as it concerns the enforceability of the
documents referred to therein, to the extent that such
enforceability may be limited by bankruptcy, insolvency,
reorganization or other similar laws affecting the
11
<PAGE>
enforcement of creditors' rights in general and by
general equity principles (regardless of whether such
enforcement is considered in a proceeding in equity or at
law). Such opinion may be further qualified as expressing no
opinion as to (x) the statements in the related Prospectus
under the heading "Certain Legal Aspects of the Mortgage
Loans and Contracts -- The Mortgage Loans" except insofar as
such statements relate to the laws of the State of New York
and the laws of the United States, and (y) the statements in
such Prospectus under the headings "ERISA Considerations"
and "Certain Federal Income Tax Consequences" except insofar
as such statements relate to the laws of the United States.
In addition, such opinion may be qualified as an opinion
only on the laws of the State of New York and the laws of
the United States.
(c) The General Counsel for the Company shall have
furnished to the Underwriter an opinion, dated the related
Closing Date, to the effect that:
(i) The Company has been duly incorporated
and is validly existing as a corporation in good
standing under the laws of the State of New Jersey,
with corporate power to own its properties, to conduct
its business as described in the related Prospectus and
to enter into and perform its obligations under this
Agreement, the related Terms Agreement, the related
Pooling and Servicing Agreement and the Certificates of
the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related Pooling
and Servicing Agreement;
(iii) No consent, approval, authorization or
order of any court or governmental agency or body is
required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment of
the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
12
<PAGE>
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the terms
of any indenture or other agreement or instrument known
to such counsel to which the Company is a party or by
which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
transactions contemplated by this Agreement, such Terms
Agreement or such Pooling and Servicing Agreement, or
(iii) which might materially and adversely affect the
performance by the Company of its obligations under, or
the validity or enforceability of, this Agreement, such
Terms Agreement, such Pooling and Servicing Agreement
or the related Certificates.
In rendering her opinion such counsel may rely as to matters
of fact, to the extent deemed proper and as stated therein,
on certificates of responsible officers of the Company or
public officials. In addition, such opinion may be qualified
as an opinion only on the laws of the State of New Jersey.
(d) The Underwriter shall have received from Brown
& Wood, counsel for the Underwriter, such opinion or
opinions, dated the related Closing Date, with respect to
the issuance and sale of the Certificates of the related
Series, the related Registration Statement, the related
Prospectus and such other related matters as the Underwriter
may reasonably require, and the Company shall have furnished
to such counsel such documents as the Underwriter may
reasonably request for the purpose of enabling them to pass
upon such matters.
(e) The Company shall have furnished to the
Underwriter a certificate of the Company, signed by the
President or any Vice President and the Senior Vice
President-Finance or the principal financial or accounting
officer of the Company, dated the related Closing Date, to
the effect that the signers of such certificate have
13
<PAGE>
carefully examined the related Registration Statement
(excluding any Current Reports and any other documents
incorporated by reference therein), the related Prospectus,
the Detailed Description referred to in such Prospectus
(excluding any related Current Report), this Agreement and
the related Terms Agreement and that:
(i) the representations and warranties of
the Company in this Agreement are true and correct in
all material respects on and as of the related Closing
Date with the same effect as if made on such Closing
Date, and the Company has complied with all the
agreements and satisfied all the conditions on its part
to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that the
Detailed Description referred to in such Prospectus
includes any untrue statement of a material fact or
omits to state any information which the Prospectus
states will be included in such Detailed Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly incorporated
and is validly existing as a corporation in good
standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
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<PAGE>
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether enforcement
is sought in a proceeding in equity or at law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization or
order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of any
term or provision of, or constitute a default under,
the Articles of Organization, as amended, or By-Laws of
the Trustee, or any Massachusetts or federal statute or
regulation applicable to the Trustee, or to such
counsel's knowledge, any indenture or other agreement
or instrument to which the Trustee is a party or by
which it is bound, or, to such counsel's knowledge, any
order of any state or federal court, regulatory body,
administrative agency or governmental body having
jurisdiction over the Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick shall have furnished to the
Underwriter a letter, dated as of the date of the related
Terms Agreement, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
15
<PAGE>
general accounting records of the Company) set forth in the
related Prospectus Supplement under the caption "Delinquency
and Foreclosure Experience of the Company" agrees with the
accounting records of the Company, excluding any questions
of legal interpretation.
(h) KPMG Peat Marwick shall have furnished to the
Underwriter a letter, dated as of the related Closing Date,
in form and substance satisfactory to the Underwriter,
stating in effect that they have performed certain specified
procedures as a result of which they have determined that
such information as the Underwriter may reasonably request
of an accounting, financial or statistical nature (which is
limited to accounting, financial or statistical information
derived from the general accounting records of the Company
and which is obtained from an analysis of a sample of the
Mortgage Loans included in the related pool) set forth in
the related Prospectus Supplement under the caption
"Description of the Mortgage Pool and the Mortgaged
Properties" or "Description of the Mortgage Pools and the
Mortgaged Properties", as the case may be, and in the
Detailed Description relating to such Prospectus Supplement
is mutually consistent and agrees with the accounting
records of the Company and, where applicable, the related
Mortgage Loan files of the Company, excluding any questions
of legal interpretation. In addition, if applicable, such
accountants shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, which shall
include a statement or statements to the effect that based
upon the assumptions and methodology agreed to by the
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC Balances
Table, TAC Balances Table, Scheduled Balances Table, Maximum
or Minimum Scheduled Balances Table or other scheduled
balances table attached as an exhibit to the related Pooling
and Servicing Agreement.
(i) KPMG Peat Marwick shall have furnished to the
Underwriter and the Company a letter or letters, dated as of
the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable, to
the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all of
which shall be described by reference in such letter,
16
<PAGE>
they recomputed the percentages of initial principal
balance outstanding as of each of the Distribution
Dates (as defined in such Prospectus) indicated and the
weighted average lives of each Class of Offered
Certificates at each of the indicated percentages of
the applicable Prepayment Assumption, and they compared
the recomputed percentages and weighted average lives
to the corresponding percentages and weighted average
lives set forth in the related tables and found them to
be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or any
other scheduled balances set forth in such Prospectus
for each indicated Distribution Date, and have verified
the mathematical accuracy of any initial Effective
Ranges of any PAC Certificates, Scheduled Certificates
or other scheduled Certificates set forth in such
Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash flows
are set forth in such Prospectus at the indicated
percentages of the Prepayment Assumption and, if
applicable, at the indicated values of COFI, LIBOR or
any other index, as applicable.
(j) The Offered Certificates of the related Series
shall have received the ratings specified in the related
Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the Company
shall have furnished to the Underwriter such further
information, certificates and documents as the Underwriter
may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the related
Closing Date of such Certificates to the purchaser thereof
shall have occurred.
17
<PAGE>
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered Certificates
as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials and
ABS Term Sheets in respect of which the Company agrees to
indemnify the Underwriter, as set forth below, when such are read
in conjunction with the related Prospectus and Prospectus
Supplement) to state therein a material fact required to be
stated therein or necessary to make the statements therein not
misleading, and agrees to reimburse each such indemnified party
for any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim,
18
<PAGE>
damage, liability or action; provided, however, that (i) the
Company will not be liable in any such case to the extent that
any such loss, claim, damage or liability arises out of or is
based upon any such untrue statement or alleged untrue statement
or omission or alleged omission made therein (A) in reliance upon
and in conformity with written information furnished to the
Company as herein stated by or on behalf of the Underwriter
specifically for use in connection with the preparation thereof
or (B) in any Current Report or any amendment or supplement
thereof, except to the extent that any untrue statement or
alleged untrue statement therein or omission therefrom results
(or is alleged to have resulted) directly from an error (a
"Mortgage Pool Error") in the information concerning the
characteristics of the Mortgage Loans furnished by the Company to
the Underwriter in writing or by electronic transmission that was
used in the preparation of either (x) any Computational Materials
or ABS Term Sheets (as defined in Section 9 below) (or amendments
or supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials or ABS
Term Sheets (or any written or electronic materials on which the
Computational Materials are based) that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
19
<PAGE>
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 and
incorporated by reference in such Registration Statement or the
related Prospectus or any amendment or supplement thereof (except
that no such indemnity shall be available for any losses, claims,
damages or liabilities, or actions in respect thereof, resulting
from any Mortgage Pool Error, other than a Corrected Mortgage
Pool Error). This indemnity agreement will be in addition to any
liability which the Underwriter may otherwise have. The Company
acknowledges that the statements set forth in the second sentence
of the ante-penultimate paragraph, the first sentence of the
penultimate paragraph, and in the last paragraph appearing on the
cover page of the related Prospectus Supplement as such
statements relate to such Offered Certificates and the second
sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
20
<PAGE>
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
21
<PAGE>
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered Certificates
purchased by the Underwriter pursuant to this Agreement and
the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials on which the Computational
Materials are based, in such proportion as is appropriate to
reflect the relative fault of the Company on the one hand
and the Underwriter on the other in connection with the
statements or omissions which resulted in such losses,
claims, damages or liabilities (or actions in respect
thereof) as well as any other relevant equitable
considerations. The relative fault shall be determined by
reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission
or alleged omission to state a material fact in such
Computational Materials or ABS Term Sheets (or any
amendments or supplements thereof or such written or
electronic materials) results from information prepared by
the Company on the one hand or the Underwriter on the other
and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent such
statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term
Sheets. (a) Not later than 10:30 a.m., New York time, on the
business day before the date on which the Current Report relating
to the Offered Certificates of a Series is required to be filed
22
<PAGE>
by the Company with the Commission pursuant to Section 5(b)
hereof, the Underwriter shall deliver to the Company five
complete copies of all materials provided by the Underwriter to
prospective investors in such Offered Certificates which
constitute (i) "Computational Materials" within the meaning of
the no-action letter dated May 20, 1994 issued by the Division of
Corporation Finance of the Commission to Kidder, Peabody
Acceptance Corporation I, Kidder, Peabody & Co. Incorporated, and
Kidder Structured Asset Corporation and the no-action letter
dated May 27, 1994 issued by the Division of Corporation Finance
of the Commission to the Public Securities Association (together,
the "Kidder Letters"), the filing of which material is a
condition of the relief granted in such letter (such materials
being the "Computational Materials"), and (ii) "Structural Term
Sheets" within the meaning of the no-action letter dated February
17, 1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters, and
such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with the
PSA Letter, and such Structural Term Sheets comply with
the requirements of the PSA Letter;
(iii) on the date any such Computational Materials
23
<PAGE>
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include any
untrue statement of a material fact or, when read in
conjunction with the related Prospectus and Prospectus
Supplement, omit to state a material fact required to
be stated therein or necessary to make the statements
therein not misleading;
(iv) the Underwriter has not represented to any
prospective investor that any Computational Materials
or Structural Term Sheets with respect to any Series
were prepared or disseminated on behalf of the Company,
and, except as otherwise disclosed by the Underwriter
to the Company in writing prior to the date hereof, all
Computational Materials and Structural Term Sheets
furnished to prospective investors (and all written and
electronic materials furnished to prospective investors
on which the Computational Materials are based)
included a disclaimer to the effect set forth in
Section 8(d); and
(v) at the time any Computational Materials (or any
written or electronic materials furnished to
prospective investors on which the Computational
Materials are based) with respect to such Offered
Certificates were furnished to a prospective investor
and on the date of the related Terms Agreement, the
Underwriter possessed, and on the date of delivery of
such materials to the Company pursuant to this Section
8 and on the related Closing Date, the Underwriter will
possess, the capability, knowledge, expertise,
resources and systems of internal control necessary to
ensure that such Computational Materials conform to the
representations and warranties of the Underwriter
contained in subparagraphs (i) and (iii) above of this
paragraph (b).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
24
<PAGE>
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that the
Company has not authorized and will not authorize the
distribution of any Computational Materials (or any written or
electronic materials on which the Computational Materials are
based) or Structural Term Sheets to any prospective investor, and
agrees that any Computational Materials or Structural Term Sheets
with respect to any Series of Certificates furnished to
prospective investors from and after the date hereof shall
include a disclaimer in form satisfactory to the Company to the
effect that such materials have been prepared and disseminated
solely by and on behalf of the Underwriter, and that the Company
has not reviewed or participated in the preparation or
dissemination of such materials and is not responsible for the
contents or accuracy thereof. The Underwriter agrees that it will
not represent to prospective investors that any Computational
Materials or Structural Term Sheets were prepared or disseminated
on behalf of the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
25
<PAGE>
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading. The Company shall have no
obligation to file such amendment or supplement if the Company
determines that (i) such amendment or supplement contains any
untrue statement of a material fact or, when read in conjunction
with the related Prospectus and Prospectus Supplement, omits to
state a material fact required to be stated therein or necessary
to make the statements therein not misleading; it being
understood, however, that the Company shall have no obligation to
review or pass upon the accuracy or adequacy of, or to correct,
any such amendment or supplement provided by the Underwriter to
the Company pursuant to this paragraph (e) or (ii) such filing is
not required under the Act.
9. Collateral Term Sheets. (a) Prior to the delivery of
any "Collateral Term Sheet" within the meaning of the PSA Letter,
the filing of which material is a condition of the relief granted
in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates which constitute
"Collateral Term Sheets." Each delivery of a Collateral Term
Sheet to the Company pursuant to this paragraph (a) shall be
effected by delivering four copies of such materials to counsel
for the Company on behalf of the Company at the address specified
in Section 3 hereof and one copy of such materials to the
Company. (Collateral Term Sheets and Structural Term Sheets are,
together, referred to herein as "ABS Term Sheets.") At the time
of each such delivery, the Underwriter shall indicate in writing
that the materials being delivered constitute Collateral Term
Sheets, and, if there has been any prior such delivery with
respect to the related Series, shall indicate whether such
materials differ in any material respect from any Collateral Term
Sheets previously delivered to the Company with respect to such
Series pursuant to this Section 9(a) as a result of the
occurrence of a material change in the characteristics of the
related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
26
<PAGE>
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the Company
that are required to be filed with the Commission as
"Collateral Term Sheets" with respect to the related Offered
Certificates in accordance with the PSA Letter, and such
Collateral Term Sheets comply with the requirements of the
PSA Letter;
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a) and
on the related Closing Date, such Collateral Term Sheets did
not and will not include any untrue statement of a material
fact or, when read in conjunction with the Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading; and
(iii) the Underwriter has not represented to
any prospective investor that any Collateral Term Sheets
with respect to any Series were prepared or disseminated on
behalf of the Company, and, except as otherwise disclosed by
the Underwriter to the Company in writing prior to the date
hereof, all Collateral Term Sheets previously furnished to
prospective investors included a disclaimer to the effect
set forth in Section 8(d).
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
shall include a disclaimer in form satisfactory to the Company to
the effect set forth in Section 8(d) hereof, and to the effect
that the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
27
<PAGE>
Form 8-K. The Underwriter agrees that it will not represent to
prosective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading. The Company shall have no
obligation to file such amendment or supplement if the Company
determines that (i) such amendment or supplement contains any
untrue statement of a material fact or, when read in conjunction
with the related Prospectus and Prospectus Supplement, omits to
state a material fact required to be stated therein or necessary
to make the statements therein not misleading; it being
understood, however, that the Company shall have no obligation to
review or pass upon the accuracy or adequacy of, or to correct,
any such amendment or supplement provided by the Underwriter to
the Company pursuant to this paragraph (d) or (ii) such filing is
not required under the Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
28
<PAGE>
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Post
Office Box 5260, Cherry Hill, New Jersey 08002, Attention:
General Counsel.
If the foregoing is in accordance with your
29
<PAGE>
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By: ____________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
PAINEWEBBER INCORPORATED
By: _____________________________
Name:
Title:
30
<PAGE>
EXHIBIT A
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES ____-__
TERMS AGREEMENT
(to Underwriting Agreement,
dated April 24, 1995
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08034
PaineWebber Incorporated (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase such Classes of Series ____-__ Certificates specified in
Section 2(a) hereof (the "Offered Certificates"). This letter
supplements and modifies the Underwriting Agreement solely as it
relates to the purchase and sale of the Offered Certificates
described below. The Series ____-__ Certificates are registered
with the Securities and Exchange Commission by means of an
effective Registration Statement (No. 33-___). Capitalized terms
used and not defined herein have the meanings given them in the
Underwriting Agreement.
Section 1. The Mortgage Pool: The Series ____-__
Certificates shall evidence the entire beneficial ownership
interest in a mortgage pool (the "Mortgage Pool") of
conventional, fixed rate, fully amortizing one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
following characteristics as of ________ __, ____ (the "Cut-off
Date"):
(a) Aggregate Principal Amount of the Mortgage Pool: $[
] aggregate principal balance as of the Cutoff Date, subject
to [an upward or downward variance of up to [ ]%, the
precise aggregate principal balance to be determined by the
Company][a permitted variance such that the aggregate
Scheduled Principal Balance thereof will be not less than $[
] or greater than $[ ]].
(b) Original Terms to Maturity: The original term to
maturity of each Mortgage Loan included in the Mortgage Pool
shall be between ___ and ___ years.
A - 1
<PAGE>
Section 2. The Certificates: The Offered
Certificates shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the variance
referred to in Section 1(a)[and, as to any particular Class,
to an upward or downward variance of up to [ ]%]:
Class Principal Interest Class Purchase
Balance Rate Price Percentage
(b) The Offered Certificates shall have such other
characteristics as described in the related Prospectus.
Section 3. Purchase Price: The Purchase Price for each
Class of the Offered Certificates shall be the Class Purchase
Price Percentage therefor (as set forth in Section 2(a) above) of
the initial Class Certificates Principal Balance thereof plus
accrued interest at the rate of [ ]% per annum from and including
the Cut-off Date up to, but not including, _________ __, ____
(the "Closing Date").
Section 4. Required Ratings: The Offered
Certificates shall have received Required Ratings of at least
[ ] from [ ].
Section 5. Tax Treatment: [One or more elections
will be made to treat the assets of the Trust Fund as a REMIC.]
[The Trust Fund will be treated as a "grantor trust" for federal
income tax purposes.]
[Section 6. Additional Expenses:]*
- --------------
* to be inserted if applicable.
A - 2
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
PAINEWEBBER INCORPORATED
By: ____________________________
Name:
Title:
The foregoing Agreement is hereby confirmed and accepted as of
the date first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By: ____________________________
Name:
Title:
A - 3
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-6
TERMS AGREEMENT
(to Underwriting Agreement
dated April 24, 1995,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus March 23, 1998
Cherry Hill, NJ 08002
PaineWebber Incorporated (the "Underwriter") agrees,
subject to the terms and provisions herein and of the captioned
Underwriting Agreement (the "Underwriting Agreement"), to
purchase the Classes of Series 1998-6 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 1998-6 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-43755).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pools: The Series 1998-6
Certificates shall evidence the entire beneficial ownership
interest in two mortgage pools ("Pool 1" and "Pool 2,"
respectively, and each a "Mortgage Pool") of conventional, fixed
rate, fully amortizing one- to four-family residential mortgage
loans (the "Mortgage Loans") having the following characteristics
as of March 1, 1998 (the "Cut-off Date"):
(a) Aggregate Principal Amount of Pool 1:
$202,849,351.55 aggregate principal balance as of the
Cutoff Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance of the
Offered Certificates in Pool 1 will be not less than
$190,000,000 or greater than $210,000,000.
(b) Aggregate Principal Amount of Pool 2:
$326,388,415.06 aggregate principal balance as of the
Cutoff Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance of the
<PAGE>
Offered Certificates in Pool 2 will be not less than
$308,750,000 or greater than $341,250,000.
(c) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans
included in both Mortgage Pools shall be between 20 and 30
years.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a):
Principal Interest Class Purchase
Class Balance Rate Price Percentage
- ----- --------- -------- ----------------
Class 1-A1 $129,136,000.00 6.750% 98.66410%
Class 1-A2 32,504,000.00 6.750 98.66410
Class 1-A3 8,050,000.00 (1) 98.66410
Class 1-A4 2,683,350.00 (1) 98.66410
Class 1-A5 4,100,000.00 6.750 98.66410
Class 1-A6 18,080,000.00 6.750 98.66410
Class 2-A1 3,250,000.00 6.750 99.00000
Class 2-A2 80,195,000.00 6.750 99.00000
Class 2-A3 126,000,000.00 6.750 99.00000
Class 2-A4 21,909,000.00 6.750 99.00000
Class 2-A5 16,135,000.00 6.750 99.00000
Class 2-A6 24,879,000.00 (1) 99.00000
Class 2-A7 8,293,000.00 (1) 99.00000
Class 2-A8 32,500,000.00 6.750 99.00000
Class R 100.00 6.750 98.66410
- -----------------
(1) Interest will accrue on the Class 1-A3, Class 1-A4, Class
2-A6 and Class 2-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, March 27,
1998 (the "Closing Date").
2
<PAGE>
Section 4. Required Ratings: The Offered Certificates,
other than the Class 1-A4 and Class 2-A7 Certificates, shall have
received Required Ratings of at least "AAA" from each of Fitch
IBCA, Inc. ("Fitch") and Standard & Poor's Rating Services, a
division of The McGraw-Hill Companies, Inc. ("S&P"), and that the
Class 1-A4 and Class 2-A7 Certificates shall have received
Required Ratings of at least "AAA" from 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.
Section 6. Additional Expenses. The Underwriter will
pay all expenses (e.g., shipping, postage and courier costs)
associated with the delivery of the Prospectus to prospective
investors and investors, other than the costs of delivery to the
Underwriter's facilities, provided, that if courier services
(other than overnight delivery services utilized in the ordinary
course of business) are required to ensure that the Prospectus is
delivered to investors on the day immediately preceding the
Closing Date, the Company will pay such courier expenses.
3
<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Underwriter and the Company.
Very truly yours,
PAINEWEBBER INCORPORATED
By:________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
EXECUTION
GE CAPITAL MORTGAGE SERVICES, INC.
PASS-THROUGH CERTIFICATES
(Issuable in Series)
UNDERWRITING AGREEMENT
----------------------
Greenwich Capital Markets, Inc. New York, New York
600 Steamboat Road September 19, 1997
Greenwich, Connecticut 06830
Ladies and Gentlemen:
GE Capital Mortgage Services, Inc., a corporation
organized and existing under the laws of the State of New Jersey
(the "Company"), may offer for sale to you (the "Underwriter")
from time to time its Pass-Through Certificates evidencing
interests in pools of mortgage loans (the "Certificates"). The
Certificates may be issued in various series, and within each
series, in one or more classes, in one or more offerings on terms
determined at the time of sale (each such series, a "Series" and
each such class, a "Class"). Each Series of the Certificates will
be issued under a separate Pooling and Servicing Agreement (each,
a "Pooling and Servicing Agreement") to be dated as of the
respective cut-off date (each, a "Cut-off Date") between the
Company, as seller and servicer, and State Street Bank and Trust
Company, as trustee (the "Trustee"). Capitalized terms used but
not defined herein shall have the meanings given to them in the
related Pooling and Servicing Agreement.
The Certificates issued under each Pooling and
Servicing Agreement will represent the entire beneficial
ownership interest in a trust fund (the "Trust Fund") established
by such Pooling and Servicing Agreement. The assets of each Trust
Fund will consist primarily of one or more pools of conventional,
fixed rate, first lien, fully amortizing, one- to four-family
residential mortgage loans (the "Mortgage Loans") having the
original terms to maturity specified in the related Terms
Agreement referred to hereinbelow. If so specified in the related
Terms Agreement, one or more elections may be made to treat the
assets of each Trust Fund as a real estate mortgage investment
conduit (each, a "REMIC") for federal income tax purposes.
<PAGE>
Whenever the Company determines to make an offering of
Certificates (each, a "Certificate Offering") pursuant to this
Agreement through you, it will enter into an agreement with you
(the "Terms Agreement") providing for the sale of specified
Classes of Offered Certificates (as defined below) to, and the
purchase and public offering thereof by, you. Each such
Certificate Offering which the Company elects to make pursuant to
this Agreement shall be governed by this Agreement, as
supplemented by the related Terms Agreement. Each Terms
Agreement, which shall be substantially in the form of Exhibit A
hereto, shall specify, among other things, the Classes of
Certificates to be purchased by the Underwriter (the "Offered
Certificates"), the principal balance or balances of the Offered
Certificates, each subject to any stated variance, and the price
or prices at which such Offered Certificates are to be purchased
by the Underwriter from the Company.
1. Representations and Warranties. (a) The Company
represents and warrants to and agrees with the Underwriter, as of
the date of the related Terms Agreement, that:
(i) The registration statement specified
in the related Terms Agreement, on Form S-3, including
a prospectus, has been filed with the Securities and
Exchange Commission (the "Commission") for the
registration under the Securities Act of 1933, as
amended (the "Act"), of pass-through certificates
issuable in series, which registration statement has
been declared effective by the Commission. Such
registration statement, as amended to the date of the
related Terms Agreement, including any documents
incorporated by reference therein pursuant to Item 12
of Form S-3 under the Act which were filed under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act"), on or before the effective date of
the Registration Statement, is hereinafter called the
"Registration Statement", and such prospectus, as such
prospectus is supplemented by a prospectus supplement
relating to the Offered Certificates of the related
Series, each in the form first filed after the date of
the related Terms Agreement pursuant to Rule 424(b)
under the Act, including any documents incorporated by
reference therein pursuant to Item 12 of Form S-3
under the Act which were filed under the Exchange Act
on or before the date of such prospectus supplement
(other than any such incorporated documents that
relate to Collateral Term Sheets (as defined
herein))(such prospectus supplement, including such
incorporated documents (other than those that relate
to Collateral Term Sheets), in the form first filed
after the date of the related Terms Agreement pursuant
to Rule 424(b) is hereinafter called the "Prospectus
Supplement"), is
- 2 -
<PAGE>
hereinafter called the "Prospectus". Any reference
herein to the terms "amend", "amendment" or
"supplement" with respect to the Registration
Statement, the Prospectus or the Prospectus Supplement
shall be deemed to refer to and include the filing of
any document under the Exchange Act after the
effective date of the Registration Statement or the
issue date of the Prospectus or Prospectus Supplement,
as the case may be, deemed to be incorporated therein
by reference pursuant to Item 12 of Form S-3 under the
Act.
(ii) The related Registration Statement,
at the time it became effective, and the Prospectus
contained therein, and any amendments thereof and
supplements thereto filed prior to the date of the
related Terms Agreement, conformed in all material
respects to the requirements of the Act and the rules
and regulations of the Commission thereunder; on the
date of the related Terms Agreement and on each
Closing Date (as defined in Section 3 below), the
related Registration Statement and the related
Prospectus, and any amendments thereof and supplements
thereto, will conform in all material respects to the
requirements of the Act and the rules and regulations
of the Commission thereunder; such Registration
Statement, at the time it became effective, did not
contain any untrue statement of a material fact or
omit to state a material fact required to be stated
therein or necessary to make the statements therein
not misleading; such Prospectus, on the date of any
filing pursuant to Rule 424(b) and on each Closing
Date, will not include any untrue statement of a
material fact or omit to state a material fact
necessary to make the statements therein, in the light
of the circumstances under which they are made, not
misleading; and the Detailed Description referred to
in such Prospectus, on each Closing Date and the date
of any filing thereof under cover of Form 8-K, will
not include any untrue statement of a material fact or
omit to state any information which such Prospectus
states will be included in such Detailed Description;
provided, however, that the Company makes no
representations or warranties as to the information
contained in or omitted from (A) such Registration
Statement or such Prospectus (or any supplement
thereto) in reliance upon and in conformity with
written information furnished to the Company by or on
behalf of the Underwriter specifically for use in the
preparation thereof or (B) any Current Report (as
defined in Section 5(b) below), or in any amendment
thereof or supplement thereto, incorporated by
reference in such Registration Statement or such
- 3 -
<PAGE>
Prospectus (or any amendment thereof or supplement
thereto).
(iii) The Certificates of the related
Series will conform to the description thereof
contained in the related Prospectus; will each, if
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, be when issued a
"mortgage related security" as such term is defined in
Section 3(a)(41) of the Exchange Act, and will each on
the related Closing Date be duly and validly
authorized, and, when validly executed, countersigned,
issued and delivered in accordance with the related
Pooling and Servicing Agreement and sold to you as
provided herein and in the related Terms Agreement,
will each be validly issued and outstanding and
entitled to the benefits of the related Pooling and
Servicing Agreement.
(iv) Neither the issuance nor sale of the
Certificates of the related Series nor the
consummation of any other of the transactions herein
contemplated, nor the fulfillment of the terms hereof
or of the related Terms Agreement, will conflict with
any statute, order or regulation applicable to the
Company of any court, regulatory body, administrative
agency or governmental body having jurisdiction over
the Company or with any organizational document of the
Company or any instrument or any agreement under which
the Company is bound or to which it is a party.
(v) This Agreement and the related Terms
Agreement have been duly authorized, executed and
delivered by the Company.
(vi) At or prior to the related Closing
Date, the Company will have entered into the related
Pooling and Servicing Agreement and, assuming the due
authorization, execution and delivery thereof by the
Trustee, such Pooling and Servicing Agreement (on such
Closing Date) will constitute the valid and binding
agreement of the Company enforceable in accordance
with its terms, subject as to enforceability, to
bankruptcy, insolvency, reorganization or other
similar laws affecting creditors' rights and to
general principles of equity (regardless of whether
the enforceability of such Pooling and Servicing
Agreement is considered in a proceeding in equity or
at law).
2. Purchase and Sale. Subject to the execution of
the Terms Agreement for a particular Certificate Offering and
- 4 -
<PAGE>
subject to the terms and conditions and in reliance upon the
representations and warranties set forth in this Agreement and
such Terms Agreement, the Company agrees to sell to the
Underwriter, and the Underwriter agrees to purchase from the
Company, all, but not less than all, of the related Offered
Certificates at the purchase price therefor set forth in such
Terms Agreement (the "Purchase Price").
The parties hereto agree that settlement for all
securities sold pursuant to this Agreement and the applicable
Terms Agreement shall take place on the settlement date agreed
upon at the time of the related transaction and set forth as the
"Closing Date" in such Terms Agreement and not as set forth in
Rule 15c6-1(a) of the Exchange Act.
3. Delivery and Payment. Delivery of and payment for
the Offered Certificates of a Series shall be made at the offices
of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at
10:00 A.M., New York City time, on the Closing Date specified in
the related Terms Agreement, which date and time may be postponed
by agreement between the Underwriter and the Company (such date
and time being herein called the "Closing Date"). Delivery of
such Offered Certificates shall be made to the Underwriter
against payment by the Underwriter of the Purchase Price thereof
to or upon the order of the Company by wire transfer in federal
or other immediately available funds or by check payable in
federal funds, as the Company shall specify no later than five
full business days prior to such Closing Date. Unless delivery is
made through the facilities of The Depository Trust Company, the
Offered Certificates shall be registered in such names and in
such authorized denominations as the Underwriter may request not
less than two full business days in advance of each Closing Date.
The Company agrees to notify the Underwriter at least
two business days before each Closing Date of the exact principal
balance evidenced by the Offered Certificates and to have such
Offered Certificates available for inspection, checking and
packaging in New York, New York, no later than 12:00 noon on the
business day prior to such Closing Date.
4. Offering by the Underwriter. It is understood that
the Underwriter proposes to offer the Offered Certificates of the
related Series for sale to the public as set forth in the related
Prospectus.
5. Agreements. The Company agrees with the
Underwriter that:
(a) The Company will cause the Prospectus as
supplemented by a Prospectus Supplement relating to the
Offered Certificates to be filed pursuant to Rule 424 under
the Act and will promptly advise the Underwriter when such
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Prospectus as so supplemented has been so filed, and prior
to the termination of the Certificate Offering to which
such Prospectus relates also will promptly advise the
Underwriter (i) when any amendment to the related
Registration Statement specifically relating to such
Offered Certificates shall have become effective or any
further supplement to such Prospectus has been filed, (ii)
of any request by the Commission for any amendment of such
Registration Statement or Prospectus or for any additional
information, (iii) of the issuance by the Commission of any
stop order suspending the effectiveness of such
Registration Statement or the institution or threatening of
any proceeding for that purpose and (iv) of the receipt by
the Company of any written notification with respect to the
suspension of the qualification of such Offered
Certificates for sale in any jurisdiction or the initiation
or threatening of any proceeding for such purpose. The
Company will not file any amendment of the related
Registration Statement or supplement to the related
Prospectus (other than any amendment or supplement
specifically relating to one or more Series of pass-through
certificates other than the Series that includes the
related Offered Certificates) unless the Company has
furnished the Underwriter with a copy for its review prior
to filing. The Company will use its best efforts to prevent
the issuance of any such stop order and, if issued, to
obtain as soon as possible the withdrawal thereof.
(b) The Company will cause any Computational
Materials and any Structural Term Sheets (each as defined
in Section 8 below) with respect to the Offered
Certificates of a Series that are delivered by the
Underwriter to the Company pursuant to Section 8 to be
filed with the Commission on a Current Report on Form 8-K
(each such filing of such materials, a "Current Report")
pursuant to Rule 13a- 11 under the Exchange Act on the
business day immediately following the later of (i) the day
on which such Computational Materials and Structural Term
Sheets are delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. and (ii) the date on which
this Agreement is executed and delivered. The Company will
cause one Collateral Term Sheet (as defined in Section 9
below) with respect to the Offered Certificates of a Series
that is delivered by the Underwriter to the Company in
accordance with the provisions of Section 9 to be filed
with the Commission on a Current Report pursuant to Rule
13a-11 under the Exchange Act on the business day
immediately following the day on which such Collateral Term
Sheet is delivered to counsel for the Company by the
Underwriter prior to 10:30 a.m. In addition, if at any time
prior to the availability of the related Prospectus
Supplement the Underwriter has delivered to any prospective
investor a Collateral Term
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Sheet that reflects, in the reasonable judgment of the
Underwriter and the Company, a material change in the
characteristics of the Mortgage Loans for the related
Series from those on which a Collateral Term Sheet with
respect to the related Series previously filed with the
Commission was based, the Company will cause any such
Collateral Term Sheet that is delivered by the Underwriter
to the Company in accordance with the provisions of Section
9 to be filed with the Commission on a Current Report on
the business day immediately following the day on which
such Collateral Term Sheet is delivered to counsel for the
Company by the Underwriter prior to 10:30 a.m. In each
case, the Company will promptly advise the Underwriter when
such Current Report has been so filed. Each such Current
Report shall be incorporated by reference in the related
Prospectus and the related Registration Statement.
Notwithstanding the five preceding sentences, the Company
shall have no obligation to file any materials provided by
the Underwriter pursuant to Sections 8 and 9 which, in the
reasonable determination of the Company after making
reasonable efforts to consult with the Underwriter, are not
required to be filed pursuant to the Kidder Letters or the
PSA Letter (each as defined in Section 8 below), or which
contain erroneous information or contain any untrue
statement of a material fact or, when read in conjunction
with the Prospectus and Prospectus Supplement, omit to
state a material fact required to be stated therein or
necessary to make the statements therein not misleading; it
being understood, however, that the Company shall have no
obligation to review or pass upon the accuracy or adequacy
of, or to correct, any Computational Materials, Structural
Term Sheets or Collateral Term Sheets provided by the
Underwriter to the Company pursuant to Section 8 or Section
9 hereof.
(c) If, at any time when a prospectus relating to
the Offered Certificates of a Series is required to be
delivered under the Act, any event occurs as a result of
which the related Prospectus as then amended or
supplemented would include any untrue statement of a
material fact or omit to state any material fact necessary
to make the statements therein in light of the
circumstances under which they were made not misleading, or
if it shall be necessary at any time to amend or supplement
the related Prospectus to comply with the Act or the rules
thereunder, the Company promptly will prepare and file with
the Commission, subject to paragraph (a) of this Section 5,
an amendment or supplement which will correct such
statement or omission or an amendment which will effect
such compliance; provided, however, that the Company will
not be required to file any such amendment or supplement
with respect to any Computational Materials, Structural
Term Sheets or Collateral Term Sheets incorporated by
reference in the
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Prospectus other than any amendments or supplements of such
Computational Materials or Structural Term Sheets that are
furnished to the Company by the Underwriter pursuant to
Section 8(e) hereof or any amendments or supplements of
such Collateral Term Sheets that are furnished to the
Company by the Underwriter pursuant to Section 9(d) hereof
which the Company determines to file in accordance
therewith.
(d) The Company will furnish to the Underwriter
and counsel for the Underwriter, without charge, as many
signed copies of the related Registration Statement
(including exhibits thereto) and, so long as delivery of a
prospectus by the Underwriter or dealer may be required by
the Act, as many copies of the related Prospectus and any
supplements thereto (other than exhibits to the related
Current Report) as the Underwriter may reasonably request.
(e) The Company will furnish such information,
execute such instruments and take such actions as may be
reasonably requested by the Underwriter to qualify the
Offered Certificates of a Series for sale under the laws of
such jurisdictions as the Underwriter may designate, to
maintain such qualifications in effect so long as required
for the distribution of such Offered Certificates and to
determine the legality of such Offered Certificates for
purchase by institutional investors; provided, however,
that the Company shall not be required to qualify to do
business in any jurisdiction where it is not qualified on
the date of the related Terms Agreement or to take any
action which would subject it to general or unlimited
service of process in any jurisdiction in which it is not,
on the date of the related Terms Agreement, subject to such
service of process.
(f) So long as the Offered Certificates of a
Series are outstanding, the Company will furnish to the
Underwriter copies of the annual independent public
accountants' servicing report furnished to the Trustee
pursuant to Section 3.13 of the related Pooling and
Servicing Agreement.
(g) Whether or not the transactions contemplated
hereby and by the related Terms Agreement shall be
consummated, the Company shall be responsible for the
payment of any costs and expenses for which details are
submitted, in connection with the performance of its
obligations under this Agreement and the related Terms
Agreement, including, without limitation, (a) the cost and
expenses of printing or otherwise reproducing the related
Registration Statement or Prospectus, this Agreement, the
related Terms Agreement, the related Pooling and Servicing
Agreement and the Offered Certificates, and (b) the cost of
delivering the related Offered Certificates to the office of
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<PAGE>
the Underwriter, insured to the satisfaction of the
Underwriter (it being understood that, except as provided
in this paragraph (f) and in Section 7 hereof, the
Underwriter will pay all its own costs and expenses,
including the fees of Brown & Wood 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:
(i) this Agreement and the related Terms
Agreement have been duly executed and delivered by the
Company under the law of the State of New York;
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<PAGE>
(ii) the related Pooling and Servicing
Agreement has been duly executed and delivered by the
Company under the law of the State of New York and is
a legal, valid and binding agreement of the Company
enforceable against the Company in accordance with its
terms;
(iii) the Offered Certificates, when duly
executed and countersigned by the Trustee in
accordance with the related Pooling and Servicing
Agreement, will be validly issued and outstanding and
entitled to the benefits of such Pooling and Servicing
Agreement;
(iv) the related Pooling and Servicing
Agreement is not required to be qualified under the
Trust Indenture Act of 1939, as amended, and the trust
created thereunder is not required to be registered
under the Investment Company Act of 1940, as amended;
(v) such counsel confirms that (based
solely upon telephone confirmation from a
representative of the Commission) the related
Registration Statement is effective under the Act and,
to the best of such counsel's knowledge, no stop order
with respect thereto has been issued, and no
proceeding for that purpose has been instituted or
threatened by the Commission; such Registration
Statement (except the financial statements and
schedules and other financial and statistical data
included therein and the documents incorporated by
reference therein, as to which such counsel need
express no view), at the time it became effective and
the related Prospectus (except the financial
statements and schedules and the other financial and
statistical data included therein, the documents
incorporated by reference therein and the information
included in the second sentence of the antepenultimate
paragraph, the first sentence of the penultimate
paragraph, and the last paragraph of the cover page of
such Prospectus Supplement and in the second and
fourth sentences of the first paragraph under the
heading "Plan of Distribution" therein, as to which
such counsel need express no view), as of the date of
the Prospectus Supplement appeared on their face to be
appropriately responsive in all material respects to
the requirements of the Act and the rules and
regulations thereunder; and no information has come to
the attention of such counsel that causes it to
believe that (A) such Registration Statement (except
the financial statements and schedules and the other
financial and statistical data included therein and
the documents incorporated by reference therein, as to
which such counsel need express no view) at the time it
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<PAGE>
became effective, contained an untrue statement of a
material fact or omitted to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading or (B) such
Prospectus or any amendment or supplement thereto
(except the financial statements and schedules and the
other financial and statistical data included therein,
the documents incorporated by reference therein and
the information included in the second sentence of the
antepenultimate paragraph, the first sentence of the
penultimate paragraph, and the last paragraph of the
cover page of such Prospectus Supplement and in the
second and fourth sentences of the first paragraph
under the heading "Plan of Distribution" therein, as
to which such counsel need express no view), as of the
date of the Prospectus Supplement, or at the related
Closing Date, contained or contains an untrue
statement of a material fact or omitted or omits to
state a material fact necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading;
(vi) the statements set forth under the
heading "Description of the Certificates" in the
related Prospectus, insofar as such statements purport
to summarize certain provisions of the related Pooling
and Servicing Agreement and the related Offered
Certificates, provide a fair summary of such
provisions;
(vii) the statements set forth in the
related Prospectus under the headings "Certain Legal
Aspects of the Mortgage Loans and Contracts -- The
Mortgage Loans", "Certain Federal Income Tax
Consequences" (insofar as they relate specifically to
the purchase, ownership and disposition of the related
Offered Certificates) and "ERISA Considerations"
(insofar as they relate specifically to the purchase,
ownership and disposition of such Offered
Certificates), to the extent that they constitute
matters of law or legal conclusions, provide a fair
summary of such law or conclusions;
(viii) assuming compliance with all
provisions of the related Pooling and Servicing
Agreement, for federal income tax purposes, (A) if any
election is made to treat the assets of the Trust Fund
as a REMIC: the related Trust Fund (and any specified
subgrouping therein) will qualify as a REMIC pursuant
to Section 860D of the Internal Revenue Code of 1986,
as amended (the "Code"), each Class of Certificates of
the related Series, other than the related Residual
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<PAGE>
Class or Classes, will constitute a class of "regular
interests" in the related REMIC within the meaning of
the Code, and each Class of such Certificates
specified in the related Prospectus as a Class of
Residual Certificates will constitute the "residual
interest" in the related REMIC within the meaning of
the Code; (B) if no such REMIC election is made: the
Trust Fund will be treated as a "grantor trust"; and
(ix) assuming that some or all of the
Offered Certificates of the related Series shall be
rated at the time of issuance in one of the two
highest rating categories by a nationally recognized
statistical rating organization, each Offered
Certificate so rated will be at the time of issuance,
a "mortgage related security" as such term is defined
in Section 3(a)(41) of the Exchange Act.
Such opinion may express its reliance as to factual matters
on the representations and warranties made by, and on
certificates or other documents furnished by, officers of
the parties to this Agreement, the related Terms Agreement
or the related Pooling and Servicing Agreement. Such
opinion may assume the due authorization, execution and
delivery of the instruments and documents referred to
therein by the parties thereto other than the Company. Such
opinion may be qualified, insofar as it concerns the
enforceability of the documents referred to therein, to the
extent that such enforceability may be limited by
bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors' rights in
general and by general equity principles (regardless of
whether such enforcement is considered in a proceeding in
equity or at law). Such opinion may be further qualified as
expressing no opinion as to (x) the statements in the
related Prospectus under the heading "Certain Legal Aspects
of the Mortgage Loans and Contracts -- The Mortgage Loans"
except insofar as such statements relate to the laws of the
State of New York and the laws of the United States, and
(y) the statements in such Prospectus under the headings
"ERISA Considerations" and "Certain Federal Income Tax
Consequences" except insofar as such statements relate to
the laws of the United States. In addition, such opinion
may be qualified as an opinion only on the law of the State
of New York and the federal law of the United States of
America.
(c) The General Counsel for the Company shall
have furnished to the Underwriter an opinion, dated the
related Closing Date, to the effect that:
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<PAGE>
(i) The Company has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the State of New
Jersey, with corporate power to own its properties, to
conduct its business as described in the related
Prospectus and to enter into and perform its
obligations under this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
and the Certificates of the related Series;
(ii) The Company has full power and
authority to sell and service the related Mortgage
Loans as contemplated herein and in the related
Pooling and Servicing Agreement;
(iii) No consent, approval, authorization
or order of any court or governmental agency or body
is required for the consummation by the Company of the
transactions contemplated herein or in the related
Pooling and Servicing Agreement, except such as may be
required under the blue sky laws of any jurisdiction
and such other approvals as have been obtained;
(iv) Neither the issuance of the
Certificates of the related Series nor delivery of the
related Offered Certificates, nor the consummation of
any other of the transactions contemplated in this
Agreement, the related Terms Agreement or the related
Pooling and Servicing Agreement, nor the fulfillment
of the terms of the related Certificates, the related
Pooling and Servicing Agreement, this Agreement or the
related Terms Agreement will conflict with or violate
any term or provision of the articles of incorporation
or by-laws of the Company or any statute, order or
regulation applicable to the Company of any court,
regulatory body, administrative agency or governmental
body having jurisdiction over the Company and will not
conflict with, result in a breach or violation or the
acceleration of or constitute a default under the
terms of any indenture or other agreement or
instrument known to such counsel to which the Company
is a party or by which it is bound; and
(v) There are no actions, proceedings or
investigations pending or, to the best knowledge of
such counsel, threatened before any court,
administrative agency or other tribunal (i) asserting
the invalidity of this Agreement, the related Terms
Agreement, the related Pooling and Servicing Agreement
or the related Certificates, (ii) seeking to prevent
the issuance of the Certificates of the related Series
or the consummation by the Company of any of the
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<PAGE>
transactions contemplated by this Agreement, such
Terms Agreement or such Pooling and Servicing
Agreement, or (iii) which might materially and
adversely affect the performance by the Company of its
obligations under, or the validity or enforceability
of, this Agreement, such Terms Agreement, such Pooling
and Servicing Agreement or the related Certificates.
In rendering her opinion such counsel may rely as to
matters of fact, to the extent deemed proper and as stated
therein, on certificates of responsible officers of the
Company or public officials. In addition, such opinion may
be qualified as an opinion only on the laws of the State of
New Jersey.
(d) The Underwriter shall have received from
Brown & Wood 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 to be performed or satisfied at or prior to such
Closing Date;
(ii) no stop order suspending the
effectiveness of such Registration Statement has been
issued and no proceedings for that purpose have been
instituted or, to their knowledge, threatened; and
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<PAGE>
(iii) nothing has come to their attention
that would lead them to believe that such Registration
Statement (excluding any Current Report) contains any
untrue statement of a material fact or omits to state
any material fact required to be stated therein or
necessary to make the statements therein not
misleading, that the related Prospectus (excluding any
related Current Report) contains any untrue statement
of a material fact or omits to state a material fact
required to be stated therein or necessary to make the
statements therein, in the light of the circumstances
under which they were made, not misleading, or that
the Detailed Description referred to in such
Prospectus includes any untrue statement of a material
fact or omits to state any information which the
Prospectus states will be included in such Detailed
Description.
(f) Peabody & Arnold, counsel for the Trustee,
shall have furnished to the Underwriter an opinion, dated
the related Closing Date, to the effect that:
(i) the Trustee has been duly
incorporated and is validly existing as a corporation
in good standing under the laws of the Commonwealth of
Massachusetts with corporate power to own its
properties and conduct its business as presently
conducted by it, to conduct business as a trustee and
to enter into and perform its obligations under the
related Pooling and Servicing Agreement;
(ii) the related Pooling and Servicing
Agreement has been duly authorized, executed and
delivered by the Trustee and constitutes the legal,
valid and binding agreement of the Trustee enforceable
against the Trustee in accordance with its terms,
subject to bankruptcy, insolvency, fraudulent
conveyance, reorganization or other similar laws
affecting the enforcement of creditors' rights
generally and to judicial discretion, and general
principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at
law);
(iii) the Trustee has duly accepted its
appointment as trustee under the related Pooling and
Servicing Agreement;
(iv) no consent, approval, authorization
or order of any Massachusetts or federal court or
government agency or body is required on the part of
the Trustee for the consummation of the transactions
contemplated in the related Pooling and Servicing
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<PAGE>
Agreement, except such as may be required under any
federal or state securities law; and
(v) the performance on the part of the
Trustee of any of the transactions contemplated in the
related Pooling and Servicing Agreement does not
conflict with or result in a breach or violation of
any term or provision of, or constitute a default
under, the Articles of Organization, as amended, or
By-Laws of the Trustee, or any Massachusetts or
federal statute or regulation applicable to the
Trustee, or to such counsel's knowledge, any indenture
or other agreement or instrument to which the Trustee
is a party or by which it is bound, or, to such
counsel's knowledge, any order of any state or federal
court, regulatory body, administrative agency or
governmental body having jurisdiction over the
Trustee.
In addition, such counsel shall furnish to the Underwriter
such opinions as to the treatment of the Trust Fund for
purposes of Massachusetts tax law as are reasonably
satisfactory to the Underwriter.
(g) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the date of the
related Terms Agreement, in form and substance satisfactory
to the Underwriter, stating in effect that they have
performed certain specified procedures as a result of which
they have determined that such information as the
Underwriter may reasonably request of an accounting,
financial or statistical nature (which is limited to
accounting, financial or statistical information derived
from the general accounting records of the Company) set
forth in the related Prospectus Supplement under the
caption "Delinquency and Foreclosure Experience of the
Company" agrees with the accounting records of the Company,
excluding any questions of legal interpretation.
(h) KPMG Peat Marwick LLP shall have furnished to
the Underwriter a letter, dated as of the related Closing
Date, in form and substance satisfactory to the
Underwriter, stating in effect that they have performed
certain specified procedures as a result of which they have
determined that such information as the Underwriter may
reasonably request of an accounting, financial or
statistical nature (which is limited to accounting,
financial or statistical information derived from the
general accounting records of the Company and which is
obtained from an analysis of a sample of the Mortgage Loans
included in the related pool) set forth in the related
Prospectus Supplement under the caption "Description of the
Mortgage Pool and the Mortgaged Properties" or "Description
of the Mortgage Pools and the
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<PAGE>
Mortgaged Properties", as the case may be, and in the
Detailed Description relating to such Prospectus Supplement
is mutually consistent and agrees with the accounting
records of the Company and, where applicable, the related
Mortgage Loan files of the Company, excluding any questions
of legal interpretation. In addition, if applicable, such
accountants shall have furnished to the Underwriter a
letter, dated as of the related Closing Date, which shall
include a statement or statements to the effect that based
upon the assumptions and methodology agreed to by the
Company (and which is consistent with the manner in which
any final PAC Balances, TAC Balances, Scheduled Balances,
Maximum and Minimum Scheduled Balances or any other
scheduled balances are to be calculated as set forth in the
related Prospectus), all of which shall be described by
reference in such letter, such accountants shall have
verified the mathematical accuracy of any final PAC
Balances Table, TAC Balances Table, Scheduled Balances
Table, Maximum or Minimum Scheduled Balances Table or other
scheduled balances table attached as an exhibit to the
related Pooling and Servicing Agreement.
(i) KPMG Peat Marwick LLP shall have furnished to
the Underwriter and the Company a letter or letters, dated
as of the date of the related Terms Agreement, in form and
substance satisfactory to the Underwriter and the Company,
including, without limitation, statements, if applicable,
to the effect that:
(i) based upon the assumptions and
methodology set forth in the related Prospectus, all
of which shall be described by reference in such
letter, they recomputed the percentages of initial
principal balance outstanding as of each of the
Distribution Dates (as defined in such Prospectus)
indicated and the weighted average lives of each Class
of Offered Certificates at each of the indicated
percentages of the applicable Prepayment Assumption,
and they compared the recomputed percentages and
weighted average lives to the corresponding
percentages and weighted average lives set forth in
the related tables and found them to be in agreement;
(ii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of any
Scheduled Final Distribution Dates for the Offered
Certificates, PAC Balances, TAC Balances, Scheduled
Balances, Maximum and Minimum Scheduled Balances or
any other scheduled balances set forth in such
Prospectus for each indicated Distribution Date, and
have verified
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<PAGE>
the mathematical accuracy of any initial Effective
Ranges of any PAC Certificates, Scheduled Certificates
or other scheduled Certificates set forth in such
Prospectus; and
(iii) based upon the assumptions and
methodology set forth in such Prospectus, all of which
shall be described by reference in such letter, they
have verified the mathematical accuracy of the pre-tax
yields to maturity and, if applicable, aggregate cash
flows of any Class of Certificates for which such
pre-tax yields and, if applicable, aggregate cash
flows are set forth in such Prospectus at the
indicated percentages of the Prepayment Assumption
and, if applicable, at the indicated values of COFI,
LIBOR or any other index, as applicable.
(j) The Offered Certificates of the related
Series shall have received the ratings specified in the
related Terms Agreement (the "Required Ratings").
(k) Prior to the related Closing Date, the
Company shall have furnished to the Underwriter such
further information, certificates and documents as the
Underwriter may reasonably request.
(l) If any Certificates of the related Series are
to be sold to any other underwriter and/or offered in
reliance upon an exemption from the registration
requirements of the Act, the sale at or prior to the
related Closing Date of such Certificates to the purchaser
thereof shall have occurred.
(m) Subsequent to the date of the related Terms
Agreement, there shall not have been any change, or any
development involving a prospective change, in or affecting
the business or properties of the Company which the
Underwriter concludes in its judgment, after consultation
with the Company, materially impairs the investment quality
of the Offered Certificates of the related Series so as to
make it impractical or inadvisable to proceed with the
public offering or the delivery of such Offered
Certificates as contemplated by the related Prospectus.
If any of the conditions specified in this Section 6
shall not have been fulfilled in all material respects with
respect to the particular Offered Certificates of a Series when
and as provided in this Agreement and the related Terms
Agreement, or if any of the opinions and certificates mentioned
above or elsewhere in this Agreement and the related Terms
Agreement shall not be in all material respects reasonably
satisfactory in form and substance to the Underwriter and its
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<PAGE>
counsel, this Agreement (with respect to the related Offered
Certificates) and the related Terms Agreement and all obligations
of the Underwriter hereunder (with respect to the related Offered
Certificates) and thereunder may be canceled at, or at any time
prior to, the related Closing Date by the Underwriter. Notice of
such cancellation shall be given to the Company in writing, or by
telephone or telegraph confirmed in writing.
7. Indemnification and Contribution. (a) The Company
agrees to indemnify and hold harmless the Underwriter and each
person who controls the Underwriter within the meaning of the Act
or the Exchange Act against any and all losses, claims, damages
or liabilities, joint or several, to which they or any of them
may become subject under the Act, the Exchange Act, or other
Federal or state statutory law or regulation, at common law or
otherwise, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement relating to the
Offered Certificates of the applicable Series as it became
effective or in any amendment or supplement thereof, or in such
Registration Statement or the related Prospectus, or in any
amendment thereof, or in the Detailed Description referred to in
such Prospectus or arise out of or are based upon the omission or
alleged omission (in the case of any Computational Materials or
ABS Term Sheets (in each case, as defined herein) in respect of
which the Company agrees to indemnify the Underwriter, as set
forth below, when such are read in conjunction with the related
Prospectus and Prospectus Supplement) to state therein a material
fact required to be stated therein or necessary to make the
statements therein not misleading, and agrees to reimburse each
such indemnified party for any legal or other expenses reasonably
incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action; provided,
however, that (i) the Company will not be liable in any such case
to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made
therein (A) in reliance upon and in conformity with written
information furnished to the Company as herein stated by or on
behalf of the Underwriter specifically for use in connection with
the preparation thereof or (B) in any Current Report or any
amendment or supplement thereof, except to the extent that any
untrue statement or alleged untrue statement therein or omission
therefrom results (or is alleged to have resulted) directly from
an error (a "Mortgage Pool Error") in the information concerning
the characteristics of the Mortgage Loans furnished by the
Company to the Underwriter in writing or by electronic
transmission that was used in the preparation of either (x) any
Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) included in such Current Report (or
amendment or supplement thereof) or (y) any written or electronic
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<PAGE>
materials furnished to prospective investors on which the
Computational Materials (or amendments or supplements) were
based, (ii) such indemnity with respect to any Corrected
Statement (as defined below) in such Prospectus (or supplement
thereto) shall not inure to the benefit of the Underwriter (or
any person controlling the Underwriter) from whom the person
asserting any loss, claim, damage or liability purchased the
Certificates of the related Series that are the subject thereof
if such person did not receive a copy of a supplement to such
Prospectus at or prior to the confirmation of the sale of such
Certificates and the untrue statement or omission of a material
fact contained in such Prospectus (or supplement thereto) was
corrected (a "Corrected Statement") in such other supplement and
such supplement was furnished by the Company to the Underwriter
prior to the delivery of such confirmation, and (iii) such
indemnity with respect to any Mortgage Pool Error shall not inure
to the benefit of the Underwriter (or any person controlling the
Underwriter) from whom the person asserting any loss, claim,
damage or liability received any Computational Materials (or any
written or electronic materials on which the Computational
Materials are based) or ABS Term Sheets that were prepared on the
basis of such Mortgage Pool Error, if, prior to the time of
confirmation of the sale of the applicable Certificates to such
person, the Company notified the Underwriter in writing of the
Mortgage Pool Error or provided in written or electronic form
information superseding or correcting such Mortgage Pool Error
(in any such case, a "Corrected Mortgage Pool Error"), and the
Underwriter failed to notify such person thereof or to deliver to
such person corrected Computational Materials (or underlying
written or electronic materials) or ABS Term Sheets. This
indemnity agreement will be in addition to any liability which
the Company may otherwise have.
(b) The Underwriter agrees to indemnify and hold
harmless the Company, each of its directors, each of its officers
who signs the Registration Statement relating to the Offered
Certificates of the applicable Series, and each person who
controls the Company within the meaning of the Act or the
Exchange Act to the same extent as the foregoing indemnities from
the Company to the Underwriter, but only with reference to (A)
written information furnished to the Company by or on behalf of
the Underwriter specifically for use in the preparation of the
documents referred to in the foregoing indemnity with respect to
the related Series, or (B) any Computational Materials or ABS
Term Sheets (or amendments or supplements thereof) furnished to
the Company by the Underwriter pursuant to Section 8 or Section 9
and incorporated by reference in such Registration Statement or
the related Prospectus or any amendment or supplement thereof
(except that no such indemnity shall be available for any losses,
claims, damages or liabilities, or actions in respect thereof,
resulting from any Mortgage Pool Error, other than a Corrected
Mortgage Pool Error). This indemnity agreement will be in
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<PAGE>
addition to any liability which the Underwriter may otherwise
have. The Company acknowledges that the statements set forth in
the second sentence of the ante-penultimate paragraph, the first
sentence of the penultimate paragraph, and in the last paragraph
appearing on the cover page of the related Prospectus Supplement
as such statements relate to such Offered Certificates and the
second sentence of the first paragraph under the heading "Plan of
Distribution" in such Prospectus Supplement as such statements
relate to such Offered Certificates constitute the only
information furnished in writing by or on behalf of the
Underwriter for inclusion in the related Prospectus (other than
any Computational Materials or ABS Term Sheets (or amendments or
supplements thereof) furnished to the Company by the
Underwriter), and the Underwriter confirms that such statements
are correct.
(c) Promptly after receipt by an indemnified party
under Section 7 of notice of the commencement of any action, such
indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify
the indemnifying party in writing of the commencement thereof;
but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any
indemnified party otherwise than under this Section 7. In case
any such action is brought against any indemnified party, and it
notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate therein, and
to the extent that it may elect by written notice delivered to
the indemnified party promptly after receiving the aforesaid
notice from such indemnified party, to assume the defense
thereof, with counsel satisfactory to such indemnified party;
provided, however, that if the defendants in any such action
include both the indemnified party and the indemnifying party and
the indemnified party shall have reasonably concluded that there
may be legal defenses available to it and/or other indemnified
parties which are different from or additional to those available
to the indemnifying party, the indemnified party or parties shall
have the right to select separate counsel to assert such legal
defenses and to otherwise participate in the defense of such
action on behalf of such indemnified party or parties. Upon
receipt of notice from the indemnifying party to such indemnified
party of its election so to assume the defense of such action and
approval by the indemnified party of counsel, the indemnifying
party will not be liable to such indemnified party under this
Section 7 for any legal or other expenses subsequently incurred
by such indemnified party in connection with the defense thereof
unless (i) the indemnified party shall have employed separate
counsel in connection with the assertion of legal defenses in
accordance with the proviso to the next preceding sentence (it
being understood, however, that the indemnifying party shall not
be liable for the expenses of more than one separate counsel
approved by the indemnified party in the case of subparagraph (a)
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<PAGE>
or (b), representing the indemnified parties under subparagraph
(a) or (b), who are parties to such action), (ii) the
indemnifying party shall not have employed counsel satisfactory
to the indemnified party to represent the indemnified party
within a reasonable time after notice of commencement of the
action or (iii) the indemnifying party has authorized the
employment of counsel for the indemnified party at the expense of
the indemnifying party; and except that, if clause (i) or (iii)
is applicable, such liability shall be only in respect of the
counsel referred to in such clause (i) or (iii).
(d) If the indemnification provided for in paragraph
(a) or (b) of this Section 7 is due in accordance with its terms
but is for any reason held by a court to be unavailable from the
Company or the Underwriter, on grounds of policy or otherwise, or
if the indemnified party failed to give notice under paragraph
(c) of this Section 7 in respect of a claim otherwise subject to
indemnification in accordance with paragraph (a) or (b) of this
Section 7, the Company and the Underwriter shall contribute to
the aggregate losses, claims, damages and liabilities (including
legal and other expenses reasonably incurred in connection with
investigating or defending same) to which the Company and the
Underwriter may be subject, as follows:
(i) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which do not
arise out of or are not based upon any untrue statement or
omission of a material fact in any Computational Materials
or ABS Term Sheets (or any amendments or supplements
thereof), in such proportion so that the Underwriter is
responsible for that portion represented by the difference
between the proceeds to the Company in respect of the
Offered Certificates appearing on the cover page of the
Prospectus Supplement for the related Series and the total
proceeds received by the Underwriter from the sale of such
Offered Certificates (the "Underwriting Discount"), and the
Company is responsible for the balance; provided, however,
that in no case shall the Underwriter be responsible under
this subparagraph (i) for any amount in excess of such
Underwriting Discount applicable to the Offered
Certificates purchased by the Underwriter pursuant to this
Agreement and the related Terms Agreement; and
(ii) in the case of any losses, claims, damages and
liabilities (or actions in respect thereof) which arise out
of or are based upon any untrue statement or omission of a
material fact in any Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof) or in any
written or electronic materials distributed to prospective
investors on which the Computational Materials are based,
in such proportion as is appropriate to reflect the
relative fault of the Company on the one hand and the
Underwriter on
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<PAGE>
the other in connection with the statements or omissions
which resulted in such losses, claims, damages or
liabilities (or actions in respect thereof) as well as any
other relevant equitable considerations. The relative fault
shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state
a material fact in such Computational Materials or ABS Term
Sheets (or any amendments or supplements thereof or such
written or electronic materials) results from information
prepared by the Company on the one hand or the Underwriter
on the other and the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent
such statement or omission.
Notwithstanding anything to the contrary in this Section 7(d), no
person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution
from any person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 7, each person
who controls the Underwriter within the meaning of either the Act
or the Exchange Act shall have the same rights to contribution as
the Underwriter, and each person who controls the Company within
the meaning of either the Act or the Exchange Act, each officer
of the Company who shall have signed the Registration Statement
and each director of the Company shall have the same rights to
contribution as the Company, subject in each case to the
immediately preceding sentence of this paragraph (d).
8. Computational Materials and Structural Term Sheets.
(a) Not later than 10:30 a.m., New York time, on the business day
before the date on which the Current Report relating to the
Offered Certificates of a Series is required to be filed by the
Company with the Commission pursuant to Section 5(b) hereof, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in such Offered Certificates that constitute (i)
"Computational Materials" within the meaning of the no-action
letter dated May 20, 1994 issued by the Division of Corporation
Finance of the Commission to Kidder, Peabody Acceptance
Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder
Structured Asset Corporation and the no-action letter dated May
27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (together, the
"Kidder Letters"), the filing of which material is a condition of
the relief granted in such letter (such materials being the
"Computational Materials"), and (ii) "Structural Term Sheets"
within the meaning of the no-action letter dated February 17,
1995 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association (the "PSA
Letter"), the filing of which material is a condition of the
relief granted in such letter (such materials being the
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<PAGE>
"Structural Term Sheets"). Each delivery of Computational
Materials and Structural Term Sheets to the Company pursuant to
this paragraph (a) shall be effected by delivering four copies of
such materials to counsel for the Company on behalf of the
Company at the address specified in Section 3 hereof and one copy
of such materials to the Company.
(b) The Underwriter represents and warrants to and
agrees with the Company, as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) the Computational Materials furnished to the
Company pursuant to Section 8(a) constitute (either in
original, aggregated or consolidated form) all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission with respect to the related Offered
Certificates in accordance with the Kidder Letters,
and such Computational Materials comply with the
requirements of the Kidder Letters;
(ii) the Structural Term Sheets furnished to the
Company pursuant to Section 8(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to the time of delivery thereof to
the Company that are required to be filed with the
Commission as "Structural Term Sheets" with respect to
the related Offered Certificates in accordance with
the PSA Letter, and such Structural Term Sheets comply
with the requirements of the PSA Letter; and
(iii) on the date any such Computational Materials
or Structural Term Sheets with respect to such Offered
Certificates (or any written or electronic materials
furnished to prospective investors on which the
Computational Materials are based) were last furnished
to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section
8(a) and on the related Closing Date, such
Computational Materials (or such other materials) or
Structural Term Sheets did not and will not include
any untrue statement of a material fact or, when read
in conjunction with the related Prospectus and
Prospectus Supplement, omit to state a material fact
required to be stated therein or necessary to make the
statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Computational
Materials or Structural Term Sheets (or any written or electronic
materials on which the Computational Materials are based)
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<PAGE>
included or will include any untrue statement resulting directly
from any Mortgage Pool Error (except any Corrected Mortgage Pool
Error, with respect to materials prepared after the receipt by
the Underwriter from the Company of notice of such Corrected
Mortgage Pool Error or materials superseding or correcting such
Corrected Mortgage Pool Error).
(c) The Underwriter shall cause a firm of public
accountants to furnish to the Company a letter, dated as of the
date on which the Underwriter delivers any Computational
Materials (which term shall be deemed to include, for purposes of
this paragraph (c), calculated statistical information delivered
to prospective investors in the form of a Structural Term Sheet)
to the Company pursuant to Section 8(a), in form and substance
satisfactory to the Company, stating in effect that they have
verified the mathematical accuracy of any calculations performed
by the Underwriter and set forth in such Computational Materials.
(d) The Underwriter acknowledges and agrees that any
Computational Materials or Structural Term Sheets with respect to
Series 1997-[ ] and any subsequent Series of Certificates to
which it acts as Underwriter have been prepared and disseminated
by the Underwriter and not by or on behalf of the Company, and
that such materials included and shall include a disclaimer in
form satisfactory to the Company to the effect that such
materials have been prepared and disseminated by the Underwriter,
and that the content and accuracy of such materials have not been
reviewed by the Company.
(e) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Computational Materials or
Structural Term Sheets provided by the Underwriter pursuant to
this Section 8 or the omission to state therein a material fact
required, when considered in conjunction with the related
Prospectus and Prospectus Supplement, to be stated therein or
necessary to make the statements therein, when read in
conjunction with the related Prospectus and Prospectus
Supplement, not misleading, or if it shall be necessary to amend
or supplement any Current Report relating to any Computational
Materials or Structural Term Sheets to comply with the Act or the
rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
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<PAGE>
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, that
the Underwriter makes no representation or warranty as to whether
any such amendment or supplement will include any untrue
statement resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to any such
amendment or supplement prepared after the receipt by the
Underwriter from the Company of notice of such Corrected Mortgage
Pool Error or materials superseding or correcting such Corrected
Mortgage Pool Error). The Company shall have no obligation to
file such amendment or supplement if the Company determines that
(i) such amendment or supplement contains any untrue statement of
a material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (e) or (ii) such filing is not required under the
Act.
9. Collateral Term Sheets. (a) Prior to the delivery
of any "Collateral Term Sheet" within the meaning of the PSA
Letter, the filing of which material is a condition of the relief
granted in such letter (such material being the "Collateral Term
Sheets"), to a prospective investor in any Offered Certificates,
the Underwriter shall, in order to facilitate the timely filing
of such material with the Commission, notify the Company and its
counsel by telephone of its intention to deliver such materials
and the approximate date on which the first such delivery of such
materials is expected to occur. Not later than 10:30 a.m., New
York time, on the business day immediately following the date on
which any Collateral Term Sheet was first delivered to a
prospective investor in such Offered Certificates, the
Underwriter shall deliver to the Company five complete copies of
all materials provided by the Underwriter to prospective
investors in the Offered Certificates that constitute "Collateral
Term Sheets." Each delivery of a Collateral Term Sheet to the
Company pursuant to this paragraph (a) shall be effected by
delivering four copies of such materials to counsel for the
Company on behalf of the Company at the address specified in
Section 3 hereof and one copy of such materials to the Company.
(Collateral Term Sheets and Structural Term Sheets are, together,
referred to herein as "ABS Term Sheets.") At the time of each
such delivery, the Underwriter shall indicate in writing that the
materials being delivered constitute Collateral Term Sheets, and,
if there has been any prior such delivery with respect to the
related Series, shall indicate whether such materials differ in
any material respect from any Collateral Term Sheets previously
delivered to the Company with respect to such Series pursuant to
this Section 9(a)
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<PAGE>
as a result of the occurrence of a material change in the
characteristics of the related Mortgage Loans.
(b) The Underwriter represents and warrants to and
agrees with the Company as of the date of the related Terms
Agreement and as of the Closing Date, that:
(i) The Collateral Term Sheets furnished to
the Company pursuant to Section 9(a) constitute all of the
materials furnished to prospective investors by the
Underwriter prior to time of delivery thereof to the
Company that are required to be filed with the Commission
as "Collateral Term Sheets" with respect to the related
Offered Certificates in accordance with the PSA Letter, and
such Collateral Term Sheets comply with the requirements of
the PSA Letter; and
(ii) On the date any such Collateral Term
Sheets with respect to such Offered Certificates were last
furnished to each prospective investor and on the date of
delivery thereof to the Company pursuant to Section 9(a)
and on the related Closing Date, such Collateral Term
Sheets did not and will not include any untrue statement of
a material fact or, when read in conjunction with the
Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to
make the statements therein not misleading.
Notwithstanding the foregoing, the Underwriter makes no
representation or warranty as to whether any Collateral Term
Sheet included or will include any untrue statement or material
omission resulting directly from any Mortgage Pool Error (except
any Corrected Mortgage Pool Error, with respect to materials
prepared after the receipt by the Underwriter from the Company of
notice of such Corrected Mortgage Pool Error or materials
superseding or correcting such Corrected Mortgage Pool Error).
(c) The Underwriter acknowledges and agrees that any
Collateral Term Sheets with respect to any Series of Certificates
furnished to prospective investors from and after the date hereof
will have been prepared and disseminated by the Underwriter and
not by or on behalf of the Company, and that such materials shall
include a disclaimer in form satisfactory to the Company to the
effect set forth in Section 8(d) hereof, and to the effect that
the information contained in such materials supersedes the
information contained in any prior Collateral Term Sheet with
respect to such Series of Offered Certificates and will be
superseded by the description of the related Mortgage Loans in
the related Prospectus Supplement and in the Detailed Description
relating to such Prospectus Supplement to be filed under cover of
Form 8-K. The Underwriter agrees that it will not represent to
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<PAGE>
prospective investors that any Collateral Term Sheets were
prepared or disseminated on behalf of the Company.
(d) If, at any time when a prospectus relating to the
Offered Certificates of a Series is required to be delivered
under the Act, it shall be necessary to amend or supplement the
related Prospectus as a result of an untrue statement of a
material fact contained in any Collateral Term Sheets provided by
the Underwriter pursuant to this Section 9 or the omission to
state therein a material fact required, when considered in
conjunction with the related Prospectus and Prospectus
Supplement, to be stated therein or necessary to make the
statements therein, when read in conjunction with the related
Prospectus and Prospectus Supplement, not misleading, or if it
shall be necessary to amend or supplement any Current Report
relating to any Collateral Term Sheets to comply with the Act or
the rules thereunder, the Underwriter promptly will prepare and
furnish to the Company for filing with the Commission an
amendment or supplement which will correct such statement or
omission or an amendment which will effect such compliance. The
Underwriter represents and warrants to the Company, as of the
date of delivery of such amendment or supplement to the Company,
that such amendment or supplement will not include any untrue
statement of a material fact or, when read in conjunction with
the related Prospectus and Prospectus Supplement, omit to state a
material fact required to be stated therein or necessary to make
the statements therein not misleading; provided, however, the
Underwriter makes no representation or warranty as to whether any
such amendment or supplement will include any untrue statement
resulting directly from any Mortgage Pool Error (except any
Corrected Mortgage Pool Error, with respect to any such amendment
or supplement prepared after the receipt by the Underwriter from
the Company of notice of such Corrected Mortgage Pool Error or
materials superseding or correcting such Corrected Mortgage Pool
Error). The Company shall have no obligation to file such
amendment or supplement if the Company determines that (i) such
amendment or supplement contains any untrue statement of a
material fact or, when read in conjunction with the related
Prospectus and Prospectus Supplement, omits to state a material
fact required to be stated therein or necessary to make the
statements therein not misleading; it being understood, however,
that the Company shall have no obligation to review or pass upon
the accuracy or adequacy of, or to correct, any such amendment or
supplement provided by the Underwriter to the Company pursuant to
this paragraph (d) or (ii) such filing is not required under the
Act.
10. Termination. This Agreement (with respect to a
particular Certificate Offering) and the related Terms Agreement
shall be subject to termination in the absolute discretion of the
Underwriter, by notice given to the Company prior to delivery of
and payment for the related Offered Certificates, if prior to the
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<PAGE>
related Closing Date (i) trading in securities generally on the
New York Stock Exchange shall have been suspended or materially
limited, (ii) a general moratorium on commercial banking
activities in New York shall have been declared by either federal
or New York State authorities, or (iii) there shall have occurred
any outbreak or material escalation of hostilities or other
calamity or crisis the effect of which on the financial markets
of the United States is such as to make it, in the reasonable
judgment of the Underwriter, impracticable to market such Offered
Certificates.
11. Representations and Indemnities to Survive
Delivery. The agreements, representations, warranties,
indemnities and other statements of the Company or its officers
and of the Underwriter set forth in or made pursuant to this
Agreement and the related Terms Agreement will remain in full
force and effect, regardless of any investigation made by or on
behalf of the Underwriter or the Company or any of the officers,
directors or controlling persons referred to in Section 7 hereof,
and will survive delivery of and payment for the related Offered
Certificates. The provisions of Section 7 hereof shall survive
the termination or cancellation of this Agreement and the related
Terms Agreement.
12. Successors. This Agreement and the related Terms
Agreement will inure to the benefit of and be binding upon the
parties hereto and thereto and their respective successors and
the officers, directors and controlling persons referred to in
Section 7 hereof, and their successors and assigns, and no other
person will have any right or obligation hereunder or thereunder.
No purchaser of any Offered Certificate from the Underwriter
shall be deemed a successor or assign by reason of such purchase.
13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED
TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS
MADE AND TO BE PERFORMED THEREIN.
14. Miscellaneous. This Agreement, as supplemented by
the related Terms Agreement, supersedes all prior and
contemporaneous agreements and understandings relating to the
subject matter hereof. This Agreement and the related Terms
Agreement or any term of each may not be changed, waived,
discharged or terminated except by an affirmative written
agreement made by the party against whom enforcement of the
change, waiver, discharge or termination is sought. The headings
in this Agreement and the related Terms Agreement are for
purposes of reference only and shall not limit or otherwise
affect the meaning hereof or thereof.
15. Notices. All communications hereunder will be in
writing and effective only on receipt, and, if sent to the
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<PAGE>
Underwriter, will be delivered to it at the address first above
written; or if sent to the Company, will be delivered to GE
Capital Mortgage Services, Inc., Three Executive Campus, Cherry
Hill, New Jersey 08002, Attention: General Counsel.
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<PAGE>
If the foregoing is in accordance with your
understanding of our agreement, please sign and return to the
undersigned a counterpart hereof, whereupon this letter and your
acceptance shall represent a binding agreement between the
Company and the Underwriter.
Very truly yours,
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date first above written.
GREENWICH CAPITAL MARKETS, 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 September [ ], 1997
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus [Date]
Cherry Hill, NJ 08002
Greenwich Capital Markets, 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,
GREENWICH CAPITAL MARKETS, 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
<PAGE>
Execution
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES
SERIES 1998-6
TERMS AGREEMENT
(to Underwriting Agreement
dated September 19, 1997,
between the Company and the Underwriter)
GE Capital Mortgage Services, Inc. New York, New York
Three Executive Campus March 23, 1998
Cherry Hill, NJ 08002
Greenwich Capital Markets, 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 1998-6 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 1998-6 Certificates are
registered with the Securities and Exchange Commission by means
of an effective Registration Statement (No. 333-43755).
Capitalized terms used and not defined herein have the meanings
given them in the Underwriting Agreement.
Section 1. The Mortgage Pools: The Series 1998-6
Certificates shall evidence the entire beneficial ownership
interest in two mortgage pools ("Pool 1" and "Pool 2,"
respectively, and each a "Mortgage Pool") of conventional, fixed
rate, fully amortizing one- to four-family residential mortgage
loans (the "Mortgage Loans") having the following characteristics
as of March 1, 1998 (the "Cut-off Date"):
(a) Aggregate Principal Amount of Pool 1:
$202,849,351.55 aggregate principal balance as of the
Cutoff Date, subject to a permitted variance such that the
aggregate original Certificate Principal Balance of the
Offered Certificates in Pool 1 will be not less than
$190,000,000 or greater than $210,000,000.
(b) Aggregate Principal Amount of Pool 2:
$326,388,415.06 aggregate principal balance as of the
Cutoff Date, subject to a permitted variance such that the
<PAGE>
aggregate original Certificate Principal Balance of the
Offered Certificates in Pool 2 will be not less than
$308,750,000 or greater than $341,250,000.
(c) Original Terms to Maturity: The original term to
maturity of substantially all of the Mortgage Loans
included in both Mortgage Pools shall be between 20 and 30
years.
Section 2. The Certificates: The Offered Certificates
shall be issued as follows:
(a) Classes: The Offered Certificates shall be issued
with the following Class designations, interest rates and
principal balances, subject in the aggregate to the
variance referred to in Section 1(a):
Principal Interest Class Purchase
Class Balance Rate Price Percentage
- ----- --------- -------- ----------------
Class 1-M $3,753,000.00 6.750% 98.109375%
Class 1-B1 1,623,000.00 6.750 97.421875
Class 1-B2 913,000.00 6.750 95.484375
Class 2-M 6,038,000.00 6.750 98.109375
Class 2-B1 2,611,000.00 6.750 97.421875
Class 2-B2 1,469,000.00 6.750 95.484375
(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, March 27,
1998 (the "Closing Date").
Section 4. Required Ratings: The Class 1-M, Class 2-
M, Class 1-B1, Class 2-B1, Class 1-B2 and Class 2-B2 Certificates
shall have received Required Ratings of at least "AA," "AA," "A,"
"A," "BBB" and "BBB" from each of Fitch IBCA, Inc. and Standard &
Poor's Rating Services, Inc., a division of The McGraw-Hill
Companies, 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,
GREENWICH CAPITAL MARKETS, INC.
By:___________________________
Name:
Title:
The foregoing Agreement is
hereby confirmed and accepted
as of the date hereof.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
EXECUTION
- -----------------------------------------------------------------
GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
-------------------------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of March 1, 1998
-------------------------------------------------
REMIC Multi-Class Pass-Through Certificates,
Series 1998-6
- -----------------------------------------------------------------
<PAGE>
Section Page
- ------- ----
TABLE OF CONTENTS
-----------------
ARTICLE I
DEFINITIONS
1.01. Definitions..................................... 1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
2.01. Conveyance of Mortgage Loans.................... 45
2.02. Acceptance by Trustee........................... 50
2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase............. 51
2.04. Execution of Certificates....................... 58
2.05. Designations under the REMIC Provisions......... 59
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer...................... 59
3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Records;
Certificate Account........................... 64
3.03. Collection of Taxes, Assessments and Other
Items......................................... 67
3.04. Permitted Debits to the Mortgage Loan
Payment Records............................... 67
3.05. Maintenance of the Primary Insurance
Policies...................................... 69
3.06. Maintenance of Hazard Insurance................. 69
3.07. Assumption and Modification Agreements.......... 70
3.08. Realization Upon Defaulted Mortgage Loans....... 71
3.09. Trustee to Cooperate; Release of Mortgage
Files......................................... 75
3.10. Servicing Compensation; Payment of Certain
Expenses by the Company....................... 76
3.11. Reports to the Trustee; Certificate Account
Statements.................................... 76
3.12. Annual Statement as to Compliance............... 76
3.13. Annual Independent Public Accountants'
Servicing Report.............................. 77
3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans...... 77
3.15. Maintenance of Certain Servicing Policies....... 78
i
<PAGE>
Section Page
- ------- ----
3.16. Optional Purchase of Defaulted Mortgage
Loans......................................... 78
ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions................................... 78
4.02. Method of Distribution.......................... 87
4.03. Allocation of Losses............................ 88
4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans................................ 91
4.05. Statements to Certificateholders................ 92
4.06. Servicer's Certificate.......................... 95
4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property............................ 95
4.08. Reduction of Servicing Fees by Compensating
Interest Payments............................. 95
4.09. Surety Bond..................................... 95
ARTICLE V
THE CERTIFICATES
5.01. The Certificates................................ 96
5.02. Registration of Transfer and Exchange of
Certificates.................................. 99
5.03. Mutilated, Destroyed, Lost or Stolen
Certificates..................................105
5.04. Persons Deemed Owners...........................106
5.05. Access to List of Certificateholders' Names
and Addresses.................................106
5.06. Representation of Certain
Certificateholders............................107
5.07. Determination of COFI...........................107
5.08. Determination of LIBOR..........................108
ARTICLE VI
THE COMPANY
6.01. Liability of the Company........................109
6.02. Merger or Consolidation of, or Assumption
of the Obligations of, the Company............109
6.03. Assignment......................................110
6.04. Limitation on Liability of the Company and
Others........................................110
6.05. The Company Not to Resign.......................111
ii
<PAGE>
Section Page
- ------- ----
ARTICLE VII
DEFAULT
7.01. Events of Default...............................111
7.02. Trustee to Act; Appointment of Successor........113
7.03. Notification to Certificateholders..............114
ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee...............................114
8.02. Certain Matters Affecting the Trustee...........116
8.03. Trustee Not Liable for Certificates or
Mortgage Loans................................117
8.04. Trustee May Own Certificates....................117
8.05. The Company to Pay Trustee's Fees and
Expenses......................................117
8.06. Eligibility Requirements for Trustee............118
8.07. Resignation or Removal of Trustee...............118
8.08. Successor Trustee...............................119
8.09. Merger or Consolidation of Trustee..............120
8.10. Appointment of Co-Trustee or Separate
Trustee.......................................120
8.11. Compliance with REMIC Provisions; Tax
Returns.......................................121
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans..........122
9.02. Additional Termination Requirements.............123
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment......................................124
10.02. Recordation of Agreement.......................125
10.03. Limitation on Rights of
Certificateholders...........................126
10.04. Governing Law..................................127
10.05. Notices........................................127
10.06. Notices to the Rating Agencies.................127
10.07. Severability of Provisions.....................127
10.08. Certificates Nonassessable and Fully
Paid.........................................128
iii
<PAGE>
Exhibits
EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans (including list of Cooperative
Loans)
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to
ERISA Matters for Definitive
ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate
Transferee Affidavit
EXHIBIT G Form of Residual Certificate
Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for
Definitive Restricted Certificates
EXHIBIT J Form of Distribution Date Statement
EXHIBIT K Form of Special Servicing and
Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and
Agreement
EXHIBIT M Schedule of Designated Loans
EXHIBIT N Schedule of Pledged Asset Mortgage Loans
iv
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of
March 1, 1998, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and STATE STREET BANK AND TRUST COMPANY, a
Massachusetts banking corporation, as Trustee.
W I T N E S S E T H T H A T :
- - - - - - - - - - - - - -
In consideration of the mutual agreements herein
contained, GE Capital Mortgage Services, Inc. and State Street Bank
and Trust Company agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Accretion Directed Certificates: None.
Accretion Directed Component: None.
Accretion Termination Date: None.
Accrual Amount: As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date through the related Accretion Termination
Date, the sum of (x) any amount of Accrued Certificate
Interest allocable to such Class or Component pursuant to
Section 4.01(a)(i) on such Distribution Date and (y) any
amount of Unpaid Class Interest Shortfall allocable to such
Class or Component pursuant to Section 4.01(a)(ii) on such
Distribution Date, to the extent that such amounts are
distributed to any Accretion Directed Certificates pursuant
to Section 4.01(f) in reduction of the Certificate
Principal Balance thereof. As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date after the related Accretion Termination
Date, zero.
Accrual Certificates: None.
Accrual Component: None.
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates), interest accrued during the
related Interest Accrual Period at the applicable Certificate
<PAGE>
Interest Rate on the Class Certificate Principal Balance
(or, in the case of any Class of Notional Certificates, on
the aggregate Notional Principal Balance) thereof
immediately prior to such Distribution Date, calculated on
the basis of a 360-day year consisting of twelve 30-day
months.
Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates) shall be reduced by such Class's share of the
amount of any Net Interest Shortfall and Certificate
Interest Losses, in each case, in respect of the related
Mortgage Pool for such Distribution Date. Any Net Interest
Shortfall and Certificate Interest Losses in respect of a
Mortgage Pool shall be allocated among the related Classes
of Certificates (other than any Class of Principal Only
Certificates) in proportion to the respective amounts of
Accrued Certificate Interest that would have resulted
absent such shortfall or losses.
Additional Collateral: With respect to any Mortgage
100SM Loan, the marketable securities held from time to
time as security for the repayment of such Mortgage 100SM
Loan and any related collateral. With respect to any Parent
PowerSM Loan, the third-party guarantee for such Parent
PowerSM Loan, together with (i) any marketable securities
held from time to time as security for the performance of
such guarantee and any related collateral or (ii) any
mortgaged property securing the performance of such
guarantee, the related home equity line of credit loan and
any related collateral.
Agreement: This Pooling and Servicing Agreement and all
amendments hereof and supplements hereto.
Allocable Share: (a) As to any Distribution Date and
amounts distributable pursuant to clauses (i) and (iii) of
the definition of Junior Optimal Principal Amount for a
Certificate Group, and as to each related Class of Junior
Certificates, the fraction, expressed as a percentage, the
numerator of which is the Class Certificate Principal
Balance of such Class and the denominator of which is the
aggregate Class Certificate Principal Balance of the Junior
Certificates in the related Certificate Group.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Junior Optimal Principal Amount for a
Certificate Group, and as to the Class M Certificates in
such Certificate Group and each Class of Class B
Certificates in such Certificate Group for which the
related Prepayment Distribution Trigger has been satisfied
on such Distribution Date, the fraction, expressed as a
percentage, the numerator of which is the Class Certificate
Principal Balance of such
2
<PAGE>
Class and the denominator of which is the aggregate Class
Certificate Principal Balance of all such Classes in such
Certificate Group. As to any Distribution Date and each
Class of Class B Certificates for which the related
Prepayment Distribution Trigger has not been satisfied on
such Distribution Date, 0%.
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest
due in such month in accordance with the terms of the
related Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date and Mortgage Pool, the total of all
amounts credited to the Mortgage Loan Payment Record for
such Mortgage Pool as of the preceding Determination Date
on account of (i) Principal Prepayments, Insurance Proceeds
and Liquidation Proceeds received in respect of such
Mortgage Pool subsequent to the preceding Prepayment Period
applicable to such receipts, and (ii) monthly payments of
principal and interest due subsequent to the preceding Due
Date.
Anniversary Determination Date: The Determination Date
occurring in April of each year that the Certificates are
outstanding, commencing in April 1999.
Assignment of Proprietary Lease: With respect to a
Cooperative Loan, the assignment of the related Proprietary
Lease from the Mortgagor to the originator of the
Cooperative Loan.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and Mortgage Pool, and as to
any Non-Primary Residence Loan remaining in such Mortgage
Pool whose original principal balance was 80% or greater of
the Original Value thereof, the excess of (i) the Monthly
Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by
principal balance) of the Remittance Rates of all
Outstanding Mortgage Loans in such Mortgage Pool (the
"Weighted Average Rate") as of such Anniversary
Determination Date over (ii) the Monthly Payment thereof
calculated on the assumption that the Remittance Rate
thereon was equal to the Weighted Average Rate less 1.25%
per annum.
Available Funds: As to each Distribution Date and
Mortgage Pool, an amount equal to the sum of (i) all
amounts credited to the Mortgage Loan Payment Record for
such Mortgage Pool pursuant to Section 3.02 as of the
preceding Determination Date, (ii) any Monthly Advance and
any Compensating Interest Payment in respect of such
Mortgage Pool for such Distribution Date, (iii) the
Purchase Price of any
3
<PAGE>
Defective Mortgage Loans and Defaulted Mortgage Loans in
respect of such Mortgage Pool 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 in such Mortgage Pool as specified in Section
2.03(b)), and (iv) the purchase price of any defaulted
Mortgage Loan in such Mortgage Pool purchased under an
agreement entered into pursuant to Section 3.08(e) as of
the end of the preceding Prepayment Period, less the sum of
(x) the Amount Held for Future Distribution in respect of
such Mortgage Pool, (y) the amount of any Unanticipated
Recovery credited to the Mortgage Loan Payment Record in
respect of such Mortgage Pool pursuant to clause (vi) of
Section 3.02, and (z) amounts permitted to be debited from
the related Mortgage Loan Payment Record pursuant to
clauses (i) through (vii) and (ix) of Section 3.04.
Bankruptcy Coverage Termination Date: As to each
Mortgage Pool, the Distribution Date upon which the
Bankruptcy Loss Amount for such Mortgage Pool has been
reduced to zero or a negative number (or the related
Cross-Over Date, if earlier).
Bankruptcy Loss Amount: As to each Determination Date
prior to the first Anniversary Determination Date, an
amount equal to $100,000, in the case of Pool 1, and
$107,807, in the case of Pool 2 as reduced in each case by
the aggregate amount of Deficient Valuations and Debt
Service Reductions in respect of such Mortgage Pool since
the Cut-off Date. As of any Determination Date after the
first Anniversary Determination Date, other than an
Anniversary Determination Date, the Bankruptcy Loss Amount
for a Mortgage Pool shall equal such Bankruptcy Loss Amount
on the immediately preceding Anniversary Determination Date
as reduced by the aggregate amount of Deficient Valuations
and Debt Service Reductions for such Mortgage Pool since
such preceding Anniversary Determination Date. As of any
Anniversary Determination Date, the Bankruptcy Loss Amount
for a Mortgage Pool shall equal the lesser of (x) the
related Bankruptcy Loss Amount as of the preceding
Determination Date as reduced by any Deficient Valuations
and Debt Service Reductions for such Mortgage Pool for the
preceding Distribution Date, and (y) the greater of (i) the
Fitch Formula Amount for such Mortgage Pool for such
Anniversary Determination Date and (ii) the S&P Formula
Amount for such Mortgage Pool for such Anniversary
Determination Date.
The Bankruptcy Loss Amount for a Mortgage Pool may be
further reduced by the Company (including accelerating the
manner in which such coverage is reduced) provided that
prior to any such reduction, the Company shall obtain
written confirmation from each Rating Agency that such
reduction shall
4
<PAGE>
not adversely affect the then-current rating assigned to
the related Classes of Certificates by such Rating Agency
and shall provide a copy of such written confirmation to
the Trustee.
Base Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i)
the Scheduled Principal Balance of such Mortgage Loan as of
the Due Date in the preceding calendar month and (ii) the
Base Servicing Fee Rate for such Mortgage Loan. The Base
Servicing Fee for any Distribution Date is subject to
adjustment pursuant to Section 3.08(d) (with respect to a
Realized Loss) or the definition of Interest Loss (with
respect to the interest portion of a Debt Service
Reduction).
Base Servicing Fee Rate: As to any Mortgage Loan, the
per annum rate identified as such for such Mortgage Loan and
set forth in the Mortgage Loan Schedule.
BBA: The British Banker's Association.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than the
Class 1-PO, Class 1-B3, Class 1- B4, Class 1-B5, Class
2-PO, Class 2-B3, Class 2-B4, Class 2-B5 and Class R
Certificates, constitutes a Class of Book-Entry
Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or the city in which the Corporate Trust Office is
located are authorized or obligated by law or executive
order to be closed.
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
5
<PAGE>
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 Group: The Pool 1 Certificates or the Pool
2 Certificates, as applicable.
Certificateholder or Holder: The person in whose name
a Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Certificate Interest Loss: (i) On or prior to the
CrossOver Date for a Certificate Group, any Interest Loss
in respect of an Excess Loss as to the related Mortgage
Pool and (ii) after the Cross-Over Date for a Certificate
Group, any Interest Loss as to the related Mortgage Pool,
in each case to the extent such Interest Loss is allocable
to the Certificates of such Certificate Group in accordance
with Section 3.08(d) (with respect to a Realized Loss) or
the definition of Interest Loss (with respect to the
interest portion of a Debt Service Reduction).
Certificate Interest Rate: With respect to any Class
of Certificates, other than the LIBOR Certificates, and as
of any Distribution Date, the fixed per annum rate
specified in Section 5.01(b). With respect to each Class of
LIBOR Certificates, the per annum variable rate at any time
at which
6
<PAGE>
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 or any Certificate consisting of
Accrual Components, its Percentage Interest of any related
Accrual Amount for each previous Distribution Date) less
the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal
Balance thereof on previous Distribution Dates pursuant to
Section 4.01, (ii) any Realized Losses allocated to such
Certificate on previous Distribution Dates pursuant to
Section 4.03(b) and (c), and (iii) in the case of a
Subordinate Certificate, such Certificate's Percentage
Interest of the Subordinate Certificate Writedown Amount
for the related Certificate Group allocated to such
Certificate on previous Distribution Dates. The Notional
Certificates are issued without Certificate Principal
Balances.
Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Class: All Certificates bearing the same class
designation.
Class B Certificate: Any Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 2-B1, Class 2-B2, Class 2-
B3, Class 2-B4 or Class 2-B5 Certificate.
Class B1 Certificate: Any Class 1-B1 or Class 2-B1
Certificate.
Class B2 Certificate: Any Class 1-B2 or Class 2-B2
Certificate.
Class B3 Certificate: Any Class 1-B3 or Class 2-B3
Certificate.
Class B4 Certificate: Any Class 1-B4 or Class 2-B4
Certificate.
Class B5 Certificate: Any Class 1-B5 or Class 2-B5
Certificate.
7
<PAGE>
Class Certificate Principal Balance: As to any Class
of Certificates, other than any Class of Notional
Certificates, and as of any date of determination, the
aggregate of the Certificate Principal Balances of all
Certificates of such Class. The Class Certificate Principal
Balance of each such Class of Certificates as of the
Closing Date is specified in Section 5.01(b).
Class Interest Shortfall: As to any Distribution Date
and any Class of Certificates (other than any Class of
Principal Only Certificates), any amount by which the
amount distributed to Holders of such Class of Certificates
(or added to the Class Certificate Principal Balance of any
Class of Accrual Certificates or to the Component Principal
Balance of any Accrual Component) on such Distribution Date
is less than the Accrued Certificate Interest thereon for
such Distribution Date.
Class M Certificate: Any Class 1-M or Class 2-M
Certificate.
Class PO Certificate: Any Class 1-PO or Class 2-PO
Certificate.
Class PO Deferred Amount: As to any Distribution Date
on or prior to the related Cross-Over Date, the aggregate
of the applicable PO Percentage of the principal portion of
each Realized Loss in respect of a Mortgage Pool, other
than any related Excess Loss, to be allocated to the Class
1-PO Certificates, in the case of Pool 1, or to the Class
2-PO Certificates, in the case of Pool 2, on such
Distribution Date or previously allocated to such Class of
Certificates and not yet paid to the Holders of such Class
of Certificates pursuant to Section 4.01(a)(iv) or (b)(iv),
as applicable.
Closing Date: March 27, 1998.
Code: The Internal Revenue Code of 1986, as it may be
amended from time to time, any successor statutes thereto,
and applicable U.S. Department of the Treasury temporary or
final regulations promulgated thereunder.
COFI: The monthly weighted average cost of funds for
savings institutions the home offices of which are located
in Arizona, California, or Nevada that are member
institutions of the Eleventh Federal Home Loan Bank
District, as computed from statistics tabulated and
published by the Federal Home Loan Bank of San Francisco in
its monthly Information Bulletin.
COFI Certificates: None.
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COFI Determination Date: As to each Interest Accrual
Period for any COFI Certificates, the last Business Day of
the calendar month preceding the commencement of such
Interest Accrual Period.
Company: GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the
State of New Jersey, or its successor in interest or, if
any successor servicer is appointed as herein provided,
then such successor servicer.
Compensating Interest Payment: With respect to any
Distribution Date and Mortgage Pool, an amount equal to the
aggregate of the Interest Shortfalls described in clauses
(a) and (b) of the definition thereof with respect to such
Distribution Date and Mortgage Pool; provided, however,
that such amount shall not exceed the lesser of (i) an
amount equal to the product of (x) the Pool Scheduled
Principal Balance with respect to such Distribution Date
and Mortgage Pool and (y) one-twelfth of 0.125%, and (ii)
the aggregate of the Base Servicing Fees that the Company
would be entitled to retain on such Distribution Date in
respect of the Mortgage Loans in such Mortgage Pool (less
any portion thereof paid as servicing compensation to any
Primary Servicer) without giving effect to any related
Compensating Interest Payment.
Component: Any of the components of a Class of Component
Certificates having the designations, initial Component
Principal Balances and Component Interest Rates as follows:
Initial Component Component
Designation Principal Balance Interest Rate
----------- ----------------- -------------
Class 1-A5A $1,780,000.00 6.75%
Class 1-A5B 2,320,000.00 6.75
Component Certificate: With respect to Pool 1, any Class
1-A5 Certificate. With respect to Pool 2, none.
Component Principal Balance: As of any Distribution
Date, and with respect to any Component, other than any
Notional Component, the initial Component Principal Balance
thereof (as set forth, as applicable, in the definition of
Component) (plus, in the case of any Accrual Component, any
related Accrual Amount for each previous Distribution Date)
less the sum of (x) all amounts distributed in reduction
thereof on previous Distribution Dates pursuant to Section
4.01 and (y) the amount of all Realized Losses allocated
thereto pursuant to Section 4.03(d).
Confirmatory Mortgage Note: With respect to any Mortgage
Loan, a note or other evidence of indebtedness executed by the
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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. Exhibit C
hereto identifies any Cooperative Loans as such.
Cooperative Stock: With respect to a Cooperative Loan,
the single outstanding class of stock, partnership interest or
other ownership instrument in the related Cooperative.
Cooperative Stock Certificate: With respect to a
Cooperative Loan, the stock certificate(s) or other instrument
evidencing the related Cooperative Stock.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at Two
International Place, Boston, Massachusetts 02110,
Attention:
Corporate Trust Department.
Cross-Over Date: As to each Certificate Group, the
first Distribution Date on which the aggregate Class
Certificate Principal Balance of the Junior Certificates in
such Certificate Group has been reduced to zero (giving
effect to all distributions on such Distribution Date).
Cut-off Date: March 1, 1998.
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Debt Service Reduction: As to any Mortgage Loan and
any Determination Date, the excess of (a) the then current
Monthly Payment for such Mortgage Loan over (b) the amount
of the monthly payment of principal and interest required
to be paid by the Mortgagor as established by a court of
competent jurisdiction as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.).
Defaulted Mortgage Loan: With respect to any
Determination Date, a Mortgage Loan as to which the related
Mortgagor has failed to make unexcused payment in full of a
total of three or more consecutive installments of
principal and interest, and as to which such delinquent
installments have not been paid, as of the close of
business on the last Business Day of the month next
preceding the month of such Determination Date.
Defective Mortgage Loan: Any Mortgage Loan which is
required to be purchased by the Company (or which the
Company may replace with a substitute Mortgage Loan)
pursuant to Section 2.02 or 2.03(a).
Deficient Valuation: As to any Mortgage Loan and any
Determination Date, the excess of (a) the then outstanding
indebtedness under such Mortgage Loan over (b) the
valuation by a court of competent jurisdiction of the
related Mortgaged Property as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.),
pursuant to which such Mortgagor retained such Mortgaged
Property.
Definitive Certificate: Any Certificate, other than a
Book-Entry Certificate, issued in definitive, fully registered
form.
Definitive Restricted Junior Certificate: Any Restricted
Junior Certificate that is in the form of a Definitive
Certificate.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE &
Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
Commercial Code of the State of New York, as amended, or
any successor provisions thereto.
Depository Participant: A broker, dealer, bank or
other financial institution or other Person for which, from
time to time, the Depository effects book-entry transfers
and pledges of securities deposited with such Depository.
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Designated Loan Closing Documents: With respect to any
Designated Loan, a Lost Note Affidavit substantially in the
form of Exhibit L, and an assignment of the related
Mortgage to the Trustee in recordable form (except for the
omission therein of recording information
concerning such Mortgage).
Designated Loans: None.
Designated Telerate Page: The Dow Jones Telerate
Service page 3750 (or such other page as may replace page
3750 on that service or such other service as may be
nominated by the BBA for the purpose of displaying the
Interest Settlement Rates).
Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Discount Mortgage Loan: As to Pool 1, any Mortgage
Loan with a Net Mortgage Rate less than 6.75% per annum. As
to Pool 2, any Mortgage Loan with a Net Mortgage Rate less
than 6.75% per annum.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code
section 1381(a)(2)(C). The terms "United States," "State"
and "International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
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.
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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.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: As to each Mortgage Pool, any
Deficient Valuation or Debt Service Reduction, or portion
thereof, in respect of a Mortgage Loan in such Mortgage
Pool, (i) occurring after the related Bankruptcy Coverage
Termination Date or (ii) if on such date, in excess of the
then-applicable Bankruptcy Loss Amount for such Mortgage
Pool.
Excess Fraud Loss: As to each Mortgage Pool, any Fraud
Loss, or portion thereof, in respect of a Mortgage Loan in
such Mortgage Pool, (i) occurring after the related Fraud
Coverage Termination Date or (ii) if on such date, in
excess of the then-applicable Fraud Loss Amount for such
Mortgage Pool.
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Excess Loss: As to each Mortgage Pool, any related
Excess Bankruptcy Loss, Excess Fraud Loss or Excess Special
Hazard Loss.
Excess Special Hazard Loss: As to each Mortgage Pool,
any Special Hazard Loss, or portion thereof, in respect of
a Mortgage Loan in such Mortgage Pool, (i) occurring after
the related Special Hazard Termination Date or (ii) if on
such date, in excess of the then-applicable Special Hazard
Loss Amount for such Mortgage Pool.
FDIC: The Federal Deposit Insurance Corporation, or its
successor in interest.
FHLMC: The Federal Home Loan Mortgage Corporation or its
successor in interest.
Financial Intermediary: A broker, dealer, bank or
other financial institution or other Person that clears
through or maintains a custodial relationship with a
Depository Participant.
Fitch: Fitch IBCA, Inc. and its successors.
Fitch Formula Amount: As to each Anniversary
Determination Date and each Mortgage Pool, the greater of
(i) $50,000 and (ii) the product of (x) the greatest
Assumed Monthly Payment Reduction for any Non-Primary
Residence Loan in such Mortgage Pool whose original
principal balance was 80% or greater of the Original Value
thereof, (y) the weighted average remaining term to
maturity (expressed in months) of all the Non-Primary
Residence Loans remaining in such Mortgage Pool as of such
Anniversary Determination Date, and (z) the sum of (A) one
plus (B) the number of all remaining Non-Primary Residence
Loans in such Mortgage Pool divided by the total number of
Outstanding Mortgage Loans in such Mortgage Pool as of such
Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or its
successor in interest.
Fraud Coverage Termination Date: As to each Mortgage
Pool, the Distribution Date upon which the related Fraud
Loss Amount has been reduced to zero or a negative number
(or the related Cross-Over Date, if earlier).
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after the
Cut-off Date and as to each Mortgage Pool, (x) prior to the
first anniversary of the Cut-off Date, an amount equal to
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<PAGE>
$2,028,494, in the case of Pool 1, and $3,263,884, in the
case of Pool 2, minus in each case the aggregate amount of
Fraud Losses in respect of such Mortgage Pool that would
have been allocated to the related Junior Certificates in
accordance with Section 4.03 in the absence of the
applicable Loss Allocation Limitation since the Cut-off
Date, and (y) from the first through the fifth anniversary
of the Cut-off Date, an amount equal to (1) the lesser of
(a) such Fraud Loss Amount as of the most recent
anniversary of the Cut-off Date and (b) 1.00% (from the
first anniversary to but excluding the third anniversary of
the Cut-off Date) or 0.50% (from the third through the
fifth anniversaries of the Cut-off Date), of the aggregate
outstanding principal balance of all of the Mortgage Loans
in such Mortgage Pool as of the most recent anniversary of
the Cut-off Date minus (2) the Fraud Losses in respect of
such Mortgage Pool that would have been allocated to the
related Junior Certificates in accordance with Section 4.03
in the absence of the applicable Loss Allocation Limitation
since the most recent anniversary of the Cut-off Date.
After the fifth anniversary of the Cut-off Date the Fraud
Loss Amount for each Mortgage Pool shall be zero.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Initial LIBOR Rate: 5.625% 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 and any LIBOR
Certificates) or Component, the one-month period ending on
the last day of the month preceding the month in which such
Distribution Date occurs. With respect to any Distribution
Date and any Class of LIBOR Certificates, the one-month
period commencing on the 25th day of the preceding month
and ending on the 24th day of the month in which such
Distribution Date occurs.
Interest Loss: (i) With respect to any Realized Loss,
the excess of accrued and unpaid interest due on the related
Mortgage Loan over the amount allocated to interest thereon in
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accordance with Section 3.08(d), and (ii) with respect to
any Debt Service Reduction and any calendar month, the
reduction in the amount of interest due on the related
Mortgage Loan during such month as a result of the relevant
bankruptcy proceeding.
The amount of any Interest Loss described in clause
(i) of the preceding paragraph will be allocated among the
Base Servicing Fee, the Supplemental Servicing Fee and the
Certificates of the related Certificate Group in accordance
with Section 3.08(d). The amount of any Interest Loss
described in clause (ii) of the preceding paragraph will be
allocated among the Base Servicing Fee, the Supplemental
Servicing Fee and the Certificates of the related
Certificate Group in proportion to the amount of interest
that would have been allocated to the Base Servicing Fee at
the Base Servicing Fee Rate, the Supplemental Servicing Fee
at the Supplemental Servicing Fee Rate and interest at the
Remittance Rate, respectively, in the absence of the Debt
Service Reduction.
Interest Settlement Rate: With respect to any Interest
Accrual Period, the rate (expressed as a percentage per
annum) for one-month U.S. Dollar deposits reported by the
BBA at 11:00 a.m. London time on the related LIBOR
Determination Date and as it appears on the Designated
Telerate Page.
Interest Shortfall: With respect to any Distribution
Date and each Mortgage Loan that during the related
Prepayment Period was the subject of a Voluntary Principal
Prepayment, or constitutes a Relief Act Mortgage Loan, an
amount determined as follows:
(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)
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on or after the first day but on or before the fifteenth
day of the month of such Distribution Date: none; and
(d) Relief Act Mortgage Loans: As to any Relief
Act Mortgage Loan, the excess of (i) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on the Scheduled
Principal Balance thereof (or, in the case of a
Principal Prepayment in part, on the amount so
prepaid) at the related Net Mortgage Rate over (ii) 30
days' interest (or, in the case of a Principal
Prepayment in full, interest to the date of
prepayment) on such Scheduled Principal Balance (or,
in the case of a Principal Prepayment in part, on the
amount so prepaid) at the Net Mortgage Rate required
to be paid by the Mortgagor as limited by application
of the Relief Act.
For purposes of the definitions of Net Interest
Shortfall and Supplemental Servicing Fee, the amount of any
Interest Shortfall shall be allocated between the
Certificates of the related Certificate Group and the
Supplemental Servicing Fee in proportion to the amount of
interest that would have been allocated to such
Certificates (at the Remittance Rate) and the Supplemental
Servicing Fee (at the Supplemental Servicing Fee Rate),
respectively, in the absence of such Interest Shortfall.
Junior Certificate: As to each Certificate Group, any
related Class M or Class B Certificate.
Junior Optimal Principal Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of the following (but in no event greater
than the aggregate Certificate Principal Balance of the
related Junior Certificates immediately prior to such
Distribution Date):
(i) the related Junior Percentage of the applicable
Non-PO Percentage of the principal portion of each
Monthly Payment due on the related Due Date on each
Outstanding Mortgage Loan in the related Mortgage
Pool as of such Due Date as specified in the
amortization schedule at the time applicable
thereto (after adjustment for previous Principal
Prepayments and the principal portion of Debt
Service Reductions in respect of such Mortgage Pool
subsequent to the related Bankruptcy Coverage
Termination Date but before any adjustment to such
amortization schedule by reason of any bankruptcy
(other than as aforesaid) or similar proceeding or
any moratorium or similar waiver or grace period);
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(ii) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part in respect of the related
Mortgage Pool received during the related
Prepayment Period, and 100% of any related Senior
Optimal Principal Amount not distributed to the
related Senior Certificates on such Distribution
Date, together with the related Junior Prepayment
Percentage of the applicable Non-PO Percentage of
the Scheduled Principal Balance of each Mortgage
Loan in the related Mortgage Pool that was the
subject of a Voluntary Principal Prepayment in full
during the related Prepayment Period;
(iii) the excess, if any, of (x) the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
Proceeds in respect of the related Mortgage Pool
allocable to principal received during the related
Prepayment Period (other than in respect of
Mortgage Loans described in clause (B)) and (B) the
principal balance of each Mortgage Loan in the
related Mortgage Pool that was purchased by an
insurer from the Trustee during the related
Prepayment Period pursuant to the related Primary
Insurance Policy, over (y) the amount distributable
pursuant to clause (iii) of the definition of
Senior Optimal Principal Amount for the related
Certificate Group on such Distribution Date;
(iv) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan in the
related Mortgage Pool that was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the related Junior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan in the related
Mortgage Pool substituted during the month of
such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
After the Class Certificate Principal Balances of the
Junior Certificates in a Certificate Group have been
reduced to zero, the related Junior Optimal Principal
Amount shall be zero.
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Junior Percentage: As to any Distribution Date and each
Certificate Group, the excess of 100% over the related Senior
Percentage for such Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date and each Certificate Group, the excess of 100% over
the related Senior Prepayment Percentage for such
Distribution Date, except that (i) after the aggregate
Certificate Principal Balance of the related Senior
Certificates other than, in the case of the Pool 1
Certificates, the Class 1-PO Certificates, and in the case
of the Pool 2 Certificates, the Class 2-PO Certificates,
has been reduced to zero, the Junior Prepayment Percentage
for such Certificate Group shall be 100%, and (ii) after
the related Cross-Over Date, the Junior Prepayment
Percentage for such Certificate Group shall be zero.
Latest Possible Maturity Date: March 25, 2030.
LIBOR: With respect to any Interest Accrual Period,
the per annum rate determined, pursuant to Section 5.08, on
the basis of the Interest Settlement Rate or as otherwise
provided in such Section.
LIBOR Certificates: Any Class 1-A3, Class 1-A4, Class
2- A6 or Class 2-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.
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Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of
any defaulted Mortgage Loan whether through judicial
foreclosure or otherwise.
Loan-to-Value Ratio: With respect to each Mortgage
Loan, the original principal amount of such Mortgage Loan,
divided by the Original Value of the related Mortgaged
Property.
London Banking Day: Any day on which banks are open for
dealing in foreign currency and exchange in London, England
and New York City.
Loss Allocation Limitation: As defined in Section
4.03(g).
MLCC: Merrill Lynch Credit Corporation, or its successor
in interest.
Monthly Advance: With respect to any Distribution Date
and each Mortgage Pool, the aggregate of the advances
required to be made by the Company pursuant to Section
4.04(a) (or by the Trustee pursuant to Section 4.04(b)) on
such Distribution Date in respect of such Mortgage Pool,
the amount of any such Monthly Advance being equal to (a)
the aggregate of payments of principal and interest
(adjusted to the related Remittance Rate) on the Mortgage
Loans in such Mortgage Pool that were due on the related
Due Date, without regard to any arrangements entered into
by the Company with the related Mortgagors pursuant to
Section 3.02(a)(ii), and delinquent as of the close of
business on the Business Day next preceding the related
Determination Date, less (b) the amount of any such
payments which the Company or the Trustee, as applicable,
in its reasonable judgment believes will not be ultimately
recoverable by it either out of late payments by the
Mortgagor, Net Liquidation Proceeds, Insurance Proceeds,
REO Proceeds or otherwise. With respect to any Mortgage
Loan, the portion of any such advance or advances made with
respect thereto.
Monthly Payment: The scheduled monthly payment on a
Mortgage Loan for any month allocable to principal or interest
on such Mortgage Loan.
Moody's: Moody's Investors Service, Inc., and its
successors.
Mortgage: The mortgage or deed of trust creating a first
lien on a fee simple interest in real property securing a
Mortgage Note.
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Mortgage 100SM Loan: A Mortgage Loan identified on
Exhibit N hereof that has a Loan-to-Value Ratio at
origination in excess of 80.00% and that is secured by
Additional Collateral and does not have a Primary Insurance
Policy.
Mortgage File: The mortgage documents listed in
Section 2.01 pertaining to a particular Mortgage Loan and
any additional documents required to be added to such
documents pursuant to this Agreement.
Mortgage Loan Payment Record: With respect to each
Mortgage Pool, the record maintained by the Company pursuant
to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans, identified
by Mortgage Pool, included in the 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: Either of Pool 1 or Pool 2, as
applicable. For purposes hereof, the Pool 1 and Pool 2
Certificates shall relate to Pool 1 and Pool 2,
respectively.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
Mortgaged Property: The underlying real property
securing the Mortgage Loan, or with respect to a
Cooperative Loan, the related Proprietary Lease and
Cooperative Stock.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date and any Certificate Group, the excess, if
any, of the aggregate Interest Shortfalls allocable to the
Certificates of such Certificate Group (as determined in
accordance with the definition of Interest Shortfall) for
such Distribution Date over any related Compensating
Interest Payment for such date.
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Net Liquidation Proceeds: As to any Liquidated
Mortgage Loan, the sum of (i) any Liquidation Proceeds
therefor less the related Liquidation Expenses, and (ii)
any Insurance Proceeds therefor, other than any such
Insurance Proceeds applied to the restoration of the
related Mortgaged Property.
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable Base Servicing
Fee Rate.
Non-Book-Entry Certificate: Any Certificate other than
a Book-Entry Certificate.
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss or
Deficient Valuation.
Non-Discount Mortgage Loan: With respect to Pool 1,
any Mortgage Loan with a Net Mortgage Rate greater than or
equal to 6.75% per annum. With respect to Pool 2, any
Mortgage Loan with a Net Mortgage Rate greater than or
equal to 6.75% per annum.
Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-PO Percentage: As to any Discount Mortgage Loan in
Pool 1, a fraction (expressed as a percentage), the
numerator of which is the Net Mortgage Rate of such
Discount Mortgage Loan and the denominator of which is
6.75%. As to any Discount Mortgage Loan in Pool 2, a
fraction (expressed as a percentage), the numerator of
which is the Net Mortgage Rate of such Discount Mortgage
Loan and the denominator of which is 6.75%. As to any
Non-Discount Mortgage Loan, 100%.
Non-Primary Residence Loan: Any Mortgage Loan secured
by a Mortgaged Property that is (on the basis of
representations made by the Mortgagors at origination) a
second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by the
Company (or the Trustee) which, in the reasonable judgment
of the Company (or, as applicable, the Trustee) will not be
ultimately recoverable from related Net Liquidation
Proceeds, Insurance Proceeds, REO Proceeds or otherwise.
The determination by the Company that it has made a
Nonrecoverable Advance or that any advance, if made, would
constitute a Nonrecoverable Advance, shall be evidenced by
an Officer's Certificate of the Company delivered to the
Trustee and detailing the reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
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Notional Certificate: None.
Notional Component: None.
Notional Component Balance: None.
Notional Principal Balance: None.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of the
Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth in
the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
Outstanding Mortgage Loan: With respect to any Due
Date, a Mortgage Loan which, prior to such Due Date, was
not the subject of a Principal Prepayment in full, did not
become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a) or 3.16 or replaced
pursuant to Section 2.03(b).
Outstanding Non-Discount Mortgage Loan: Any Outstanding
Mortgage Loan that is a Non-Discount Mortgage Loan.
PAC Balance: As to any Distribution Date and any Class
of PAC Certificates and any PAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
PAC Certificate: None.
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.
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Pay-out Rate: With respect to any Class of
Certificates (other than any Class of Principal Only
Certificates) and any Distribution Date, the rate at which
interest is distributed on such Class on such Distribution
Date and which is equal to a fraction (expressed as an
annualized percentage) the numerator of which is the
Accrued Certificate Interest for such Class and
Distribution Date, and the denominator of which is the
Class Certificate Principal Balance (or, in the case of the
Notional Certificates, the Notional Principal Balance) of
such Class immediately prior to such Distribution Date.
Percentage Interest: With respect to any Certificate,
the percentage interest in the undivided beneficial
ownership interest in the Trust Fund evidenced by
Certificates of the same Class as such Certificate. With
respect to any Certificate, the Percentage Interest
evidenced thereby shall equal the Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance)
thereof divided by the aggregate Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the aggregate initial Notional Principal
Balance) of all Certificates of the same Class.
Permitted Investments: One or more of the following;
provided, however, that no such Permitted Investment may
mature later than the Business Day preceding the
Distribution Date after such investment except as otherwise
provided in Section 3.02(e) hereof, provided, further, that
such investments qualify as "cash flow investments" as
defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely
receipt of principal and interest by, the United
States or any agency or instrumentality thereof when
such obligations are backed by the full faith and
credit of the United States;
(ii) repurchase agreements on obligations
specified in clause (i) provided that the unsecured
obligations of the party agreeing to repurchase such
obligations are at the time rated by each Rating
Agency in the highest long-term rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S.
depository institution or trust company incorporated
under the laws of the United States or any state
provided that the debt obligations of such depository
institution or trust company at the date of
acquisition thereof have been rated by each Rating
Agency in the highest long-term rating category;
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(iv) commercial paper of any corporation
incorporated under the laws of the United States or
any state thereof which on the date of acquisition has
the highest short term rating of each Rating Agency;
and
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted
Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the
then current rating of the Certificates.
Notwithstanding the foregoing, Permitted Investments shall
not include "stripped securities" and investments which
contractually may return less than the purchase price
therefor.
Person: Any legal person, including any individual,
corporation, partnership, limited liability company, joint
venture, association, joint-stock company, trust,
unincorporated organization or government or any agency or
political subdivision thereof.
Plan: Any Person which is an employee benefit plan
subject to ERISA or a plan subject to section 4975 of the
Code.
Pledged Asset Loan-to-Value Ratio: With respect to any
Pledged Asset Mortgage Loan, (i) the original loan amount
less the portion of any required Additional Collateral
which is covered by the Surety Bond, divided by (ii) the
Original Value of the related Mortgaged Property.
Pledged Asset Mortgage Loan: Each Mortgage 100SM Loan
and Parent PowerSM Loan purchased from MLCC that is
supported by Additional Collateral and identified on
Exhibit N hereto.
Pledged Asset Mortgage Servicing Agreement: The Pledged
Asset Mortgage Servicing Agreement, dated as of July 31, 1997
between MLCC and the Company.
PO Percentage: As to any Discount Mortgage Loan in
Pool 1, a fraction (expressed as a percentage), the
numerator of which is the excess of 6.75% over the Net
Mortgage Rate of such Discount Mortgage Loan and the
denominator of which is 6.75%. As to any Discount Mortgage
Loan in Pool 2, a fraction (expressed as a percentage), the
numerator of which is the excess of 7.00% over the Net
Mortgage Rate of such Discount Mortgage Loan and the
denominator of which is 7.00%. As to any Non-Discount
Mortgage Loan, 0%.
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PO Principal Distribution Amount: As to any Distribution
Date and each Certificate Group, an amount equal to the sum of
the applicable PO Percentage of:
(i) the related principal portion of each Monthly
Payment due on the related Due Date on each
Outstanding Mortgage Loan in the related Mortgage
Pool as of such Due Date as specified in the
amortization schedule at the time applicable
thereto (after adjustments for previous Principal
Prepayments and the principal portion of Debt
Service Reductions, each in respect of such
Mortgage Pool, subsequent to the related Bankruptcy
Coverage Termination Date but before any adjustment
to such amortization schedule by reason of any
bankruptcy (except as aforesaid) or similar
proceeding or any moratorium or similar waiver or
grace period);
(ii) all principal prepayments in part in respect of the
related Mortgage Pool received during the related
Prepayment Period, together with the Scheduled
Principal Balance (as reduced by any Deficient
Valuation in respect of such Mortgage Pool
occurring on or prior to the related Bankruptcy
Coverage Termination Date) of each Mortgage Loan in
the related Mortgage Pool that was the subject of a
Voluntary Principal Prepayment in full during the
related Prepayment Period;
(iii) the sum of (A) all Net Liquidation Proceeds in
respect of the related Mortgage Pool allocable to
principal received in respect of each Mortgage Loan
in the related Mortgage Pool that became a
Liquidated Mortgage Loan during the related
Prepayment Period (other than Mortgage Loans
described in clause (B)) and (B) the principal
balance of each Mortgage Loan in the related
Mortgage Pool purchased by an insurer from the
Trustee pursuant to the related Primary Insurance
Policy, in each case during the related Prepayment
Period;
(iv) the Scheduled Principal Balance (as reduced by
any Deficient Valuation in respect of such
Mortgage Pool occurring on or prior to the
related Bankruptcy Coverage Termination Date) of
each Mortgage Loan in the related Mortgage Pool
that was purchased on such Distribution Date
pursuant to Section 2.02, 2.03(a) or 3.16; and
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(v) the Substitution Amount for any Mortgage Loan in
the related Mortgage Pool substituted during the
month of such Distribution Date; for purposes of
this clause (v), the definition of "Substitution
Amount" shall be modified to reduce the Scheduled
Principal Balance of the Mortgage Loan that is
substituted for by any Deficient Valuation in
respect of such Mortgage Pool occurring on or prior
to the related Bankruptcy Coverage Termination
Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Pool 1: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 1 Mortgage Loans.
Pool 1 Certificate: Any Pool 1 Senior Certificate or
Pool 1 Junior Certificate.
Pool 1 Group I Final Distribution Date: The first
Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 1 Group I Senior Certificates
(other than the Class 1-A5 Certificates in respect of the
Class 1-A5A Component thereof) and the Component Principal
Balance of the Class 1-A5A Component have been reduced to
zero.
Pool 1 Group I Senior Certificate: Any Class 1-A1,
Class 1-A2, Class 1-A3, Class 1-A4 or Class R Certificate
or the Class 1-A5 Certificates in respect of the Class
1-A5A Component thereof.
Pool 1 Group II Senior Certificate: Any Class 1-A6,
Certificate or the Class 1-A5 Certificates in respect of
the Class 1-A5B Component thereof.
Pool 1 Group II Senior Percentage: With respect to any
Distribution Date, the percentage (carried to six decimal
places) obtained by dividing (x) the sum of the Class
Certificate Principal Balance of the Class 1-A6
Certificates and the Component Principal Balance of the
Class 1-A5B Component immediately preceding such
Distribution Date, by (y) the aggregate Class Certificate
Principal Balance of all of the Pool 1 Certificates (other
than the Class 1-PO Certificates) immediately preceding
such Distribution Date.
Pool 1 Group II Senior Prepayment Distribution
Percentage: 0% through the Distribution Date in March 2003;
30% thereafter through the Distribution Date in March 2004;
40% thereafter through the Distribution Date in March 2005;
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60% thereafter through the Distribution Date in March 2006;
80% thereafter through the Distribution Date in March 2007;
and 100% thereafter.
Pool 1 Group II Senior Principal Distribution Amount:
With respect to any Distribution Date, the sum of (a) the
total of the amounts described in clauses (i) and (iii) of
the definition of Senior Optimal Principal Amount in
respect of Pool 1 (without application of the related
Senior Percentage or the related Senior Prepayment
Percentage) for such date multiplied by the Pool 1 Group II
Senior Scheduled Distribution Percentage for such date and
(b) the total of the amounts described in clauses (ii),
(iv) and (v) of the definition of Senior Optimal Principal
Amount in respect of Pool 1 (without application of the
related Senior Prepayment Percentage) for such date
multiplied by the product of (x) the Pool 1 Group II Senior
Percentage for such date and (y) the Pool 1 Group II Senior
Prepayment Distribution Percentage for such date; provided,
however, that (i) on the Pool 1 Group I Final Distribution
Date, the Pool 1 Group II Senior Principal Distribution
Amount will be increased by any portion of the Senior
Optimal Principal Amount in respect of Pool 1 remaining
after distributions of principal have been made on the Pool
1 Group I Senior Certificates and (ii) following the Pool 1
Group I Final Distribution Date, the Pool 1 Group II Senior
Principal Distribution Amount will equal the Senior Optimal
Principal Amount in respect of Pool 1.
Pool 1 Group II Senior Scheduled Distribution
Percentage: For any Distribution Date through the
Distribution Date occurring in March 2003, 0%. For any
Distribution Date occurring after the Distribution Date
occurring in March 2003, the Pool 1 Group II Senior
Percentage for such Distribution Date. Notwithstanding the
foregoing, on any Distribution Date after the Pool 1 Group
I Final Distribution Date, the Pool 1 Group II Senior
Scheduled Distribution Percentage will equal the Pool 1
Senior Percentage.
Pool 1 Junior Certificate: Any Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4 or Class 1-B5 Certificate.
Pool 1 Mortgage Loan: A Mortgage Loan identified as a
Pool 1 Mortgage Loan in the Mortgage Loan Schedule.
Pool 1 Senior Certificate: Any Class 1-A1, Class 1-A2,
Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6, Class R or
Class 1-PO Certificate.
Pool Scheduled Principal Balance: With respect to any
Distribution Date and each Mortgage Pool, the aggregate
Scheduled Principal Balance of all the Mortgage Loans in
such Mortgage Pool that were Outstanding Mortgage Loans on
the Due
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Date in the month next preceding the month of such
Distribution Date (or, in the case of the first
Distribution Date, the Cut-off Date; or, if so specified,
such other date).
Pool 2: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 2 Mortgage Loans.
Pool 2 Certificate: Any Pool 2 Senior Certificate or
Pool 2 Junior Certificate.
Pool 2 Group I Final Distribution Date: The first
Distribution Date on which the aggregate Certificate
Principal Balance of the Pool 2 Group I Senior Certificates
has been reduced to zero.
Pool 2 Group I Senior Certificate: Any Class 2-A1,
Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-
A6 or Class 2-A7 Certificate.
Pool 2 Group II Senior Certificate: Any Class 2-A8
Certificate.
Pool 2 Group II Senior Percentage: With respect to any
Distribution Date, the percentage (carried to six decimal
places) obtained by dividing (x) the Class Certificate
Principal Balance of the Pool 2 Group II Senior
Certificates immediately preceding such Distribution Date,
by (y) the aggregate Class Certificate Principal Balance of
all of the Pool 2 Certificates (other than the Class 2-PO
Certificates) immediately preceding such Distribution Date.
Pool 2 Group II Senior Prepayment Distribution
Percentage: 0% through the Distribution Date in March 2003;
30% thereafter through the Distribution Date in March 2004;
40% thereafter through the Distribution Date in March 2005;
60% thereafter through the Distribution Date in March 2006;
80% thereafter through the Distribution Date in March 2007;
and 100% thereafter.
Pool 2 Group II Senior Principal Distribution Amount:
With respect to any Distribution Date, the sum of (a) the
total of the amounts described in clauses (i) and (iii) of
the definition of Senior Optimal Principal Amount in
respect of Pool 2 (without application of the related
Senior Percentage or the related Senior Prepayment
Percentage) for such date multiplied by the Pool 2 Group II
Senior Scheduled Distribution Percentage for such date and
(b) the total of the amounts described in clauses (ii),
(iv) and (v) of the definition of Senior Optimal Principal
Amount in respect of Pool 2 (without application of the
related Senior Prepayment Percentage) for such date
multiplied by the product of (x) the Pool 2 Group II Senior
Percentage for such date and (y) the
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Pool 2 Group II Senior Prepayment Distribution Percentage
for such date; provided, however, that (i) on the Pool 2
Group I Final Distribution Date, the Pool 2 Group II Senior
Principal Distribution Amount will be increased by any
portion of the Senior Optimal Principal Amount in respect
of Pool 2 remaining after distributions of principal have
been made on the Pool 2 Group I Senior Certificates and
(ii) following the Pool 2 Group I Final Distribution Date,
the Pool 2 Group II Senior Principal Distribution Amount
will equal the Senior Optimal Principal Amount in respect
of Pool 2.
Pool 2 Group II Senior Scheduled Distribution
Percentage: For any Distribution Date through the
Distribution Date occurring in March 2003, 0%. For any
Distribution Date occurring after the Distribution Date
occurring in March 2003, the Pool 2 Group II Senior
Percentage for such Distribution Date. Notwithstanding the
foregoing, on any Distribution Date after the Pool 2 Group
I Final Distribution Date, the Pool 2 Group II Senior
Scheduled Distribution Percentage will equal the Pool 2
Senior Percentage.
Pool 2 Junior Certificate: Any Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate.
Pool 2 Mortgage Loan: A Mortgage Loan identified as a
Pool 2 Mortgage Loan in the Mortgage Loan Schedule.
Pool 2 Senior Certificate: Any Class 2-A1, Class 2-A2,
Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7,
Class 2-A8 or Class 2-PO Certificate.
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: 250% of the Prepayment
Assumption.
Prepayment Distribution Trigger: As of any
Distribution Date and as to each Class of Class B
Certificates, the related Prepayment Distribution Trigger
is satisfied if (x) the fraction, expressed as a
percentage, the numerator of which is the aggregate Class
Certificate Principal Balance of such Class and each Class
of the related Certificate Group subordinate thereto, if
any, on such Distribution Date, and the denominator of
which is the Pool Scheduled Principal
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Balance for the related Mortgage Pool for such Distribution
Date, equals or exceeds (y) such percentage calculated as
of the Closing Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
amounts paid in respect of interest on such Principal
Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof. All Prepayment 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
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Components, the TAC Balances of any TAC Certificates and
TAC Components, and the Scheduled Balances of any Scheduled
Certificates and Scheduled Components.
Principal Only Certificate: With respect to Pool 1, any
Class 1-PO Certificate. With respect to Pool 2, any Class 2-
PO Certificate.
Principal Only Component: None.
Principal Prepayment: Any payment or other recovery of
principal on a Mortgage Loan (including, for this purpose,
any refinancing permitted by Section 3.01 and any REO
Proceeds treated as such pursuant to Section 3.08(b)) which
is received in advance of its scheduled Due Date and is not
accompanied by an amount of interest representing scheduled
interest for any month subsequent to the month of
prepayment.
Private Placement Memorandum: Either of (i) the
private placement memorandum relating to the Class 1-B3,
Class 1-B4 and Class 1-B5 Certificates dated March 23,
1998, or (ii) the private placement memorandum relating to
the Class 2-B3, Class 2-B4 and Class 2-B5 Certificates
dated March 23, 1998.
Prohibited Transaction Exemption: U.S. Department of
Labor Prohibited Transaction Exemption 90-36, 55 Fed. Reg.
25903, June 25, 1990.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the
extent the Company is not reimbursed therefor pursuant to
the Primary Insurance Policy, if any, or any other
insurance policy with respect thereto.
Proprietary Lease: With respect to a Cooperative Loan,
the proprietary lease(s) or occupancy agreement with
respect to the Cooperative Apartment occupied by the
Mortgagor and relating to the related Cooperative Stock,
which lease or agreement confers an exclusive right to the
holder of such Cooperative Stock to occupy such apartment.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the
Company is the
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servicer hereunder, such purchase price shall be net of
unreimbursed Monthly Advances with respect to such Mortgage
Loan, and the interest component of the Purchase Price may
be computed on the basis of the Remittance Rate for such
Mortgage Loan.
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
Rating Agency: Any statistical credit rating agency,
or its successor, that rated any of the Certificates at the
request of the Company at the time of the initial issuance
of the Certificates. If such agency or a successor is no
longer in existence, "Rating Agency" shall be such
statistical credit rating agency, or other comparable
Person, designated by the Company, notice of which
designation shall be given to the Trustee. References
herein to the two highest long-term rating categories of a
Rating Agency shall mean such ratings without any
modifiers. As of the date of the initial issuance of the
Certificates, the Rating Agencies are Fitch and S&P; except
that for purposes of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 2-B2, Class 2-B3 and Class
2-B4 Certificates, Fitch shall be the sole Rating Agency.
The Class 1-B5 and Class 2-B5 Certificates shall not be
rated.
Realized Loss: Any (i) Deficient Valuation or (ii) as
to any Liquidated Mortgage Loan, (x) the unpaid principal
balance of such Liquidated Mortgage Loan plus accrued and
unpaid interest thereon at the Net Mortgage Rate through
the last day of the month of such liquidation less (y) the
related Liquidation Proceeds and Insurance Proceeds (as
reduced by the related Liquidation Expenses).
Record Date: The last Business Day of the month immedi-
ately preceding the month of the related Distribution Date.
Reference Banks: As defined in Section 5.08.
Relief Act: The Soldiers' and Sailors' Civil Relief Act
of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to which
the Monthly Payment thereof has been reduced due to the
application of the Relief Act.
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
REMIC Provisions: Provisions of the federal income tax
law relating to real estate mortgage investment conduits,
which appear at sections 860A through 860G of Part IV of
Subchapter M of Chapter 1 of the Code, and related
provisions,
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and U.S. Department of the Treasury temporary or final
regulations promulgated thereunder, as the foregoing may be
in effect from time to time, as well as provisions of
applicable state laws.
Remittance Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the sum of the applicable
Base Servicing Fee Rate and the Supplemental Servicing Fee
Rate.
REO Mortgage Loan: Any Mortgage Loan which is not a
Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the 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 1-B3, Class
1- B4, Class 1-B5, Class 2-B3, Class 2-B4 or Class 2-B5
Certificate.
S&P: Standard & Poor's Ratings Services, a division of
The McGraw-Hill Companies, Inc., and its successors.
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S&P Formula Amount: As to each Anniversary
Determination Date and each Mortgage Pool, the greater of
(i) $100,000 and (ii) the product of (x) 0.06% and (y) the
Scheduled Principal Balance of each Mortgage Loan remaining
in such Mortgage Pool whose original principal balance was
75% or greater of the Original Value thereof.
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Scheduled Balance: As to any Distribution Date and any
Class of Scheduled Certificates or any Scheduled Component,
the balance designated as such for such Distribution Date
and such Class or Component as set forth in the Principal
Balance Schedules.
Scheduled Certificates: None.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan
and Distribution Date, the principal balance of such
Mortgage Loan as of the Due Date in the month next
preceding the month of such Distribution Date (or, if so
specified, such other date) as specified in the
amortization schedule at the time relating to such Mortgage
Loan (before any adjustment to such amortization schedule
by reason of any bankruptcy or similar proceeding or any
moratorium or similar waiver or grace period) after giving
effect to any previous Principal Prepayments, Deficient
Valuations incurred subsequent to the related Bankruptcy
Coverage Termination Date, adjustments due to the
application of the Relief Act and the payment of principal
due on such Due Date, irrespective of any delinquency in
payment by the related Mortgagor. As to any Mortgage Loan
and the Cut-off Date, the "unpaid balance" thereof
specified in the initial Mortgage Loan Schedule.
Security Agreement: With respect to a Cooperative Loan,
the agreement creating a security interest in favor of the
originator in the related Cooperative Stock and Proprietary
Lease.
Senior Certificate: Any Pool 1 Senior Certificate or
Pool 2 Senior Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date and as to each Certificate Group, an
amount equal to the sum of the Certificate Principal
Balances of the related Senior Certificates (other than, in
the case of the Pool 1 Certificates, the Class 1-PO
Certificates, and in the case of the Pool 2 Certificates,
the Class 2-PO Certificates).
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Senior Optimal Principal Amount: As to any Distribution
Date and each Certificate Group, an amount equal to the sum
of:
(i) the related Senior Percentage of the applicable
Non-PO Percentage of the principal portion of each
Monthly Payment due on the related Due Date on each
Outstanding Mortgage Loan in the related Mortgage
Pool as of such Due Date as specified in the
amortization schedule at the time applicable
thereto (after adjustments for previous Principal
Prepayments and the principal portion of Debt
Service Reductions in respect of such Mortgage Pool
subsequent to the related Bankruptcy Coverage
Termination Date but before any adjustment to such
amortization schedule by reason of any bankruptcy
(except as aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) the related Senior Prepayment Percentage of the
applicable Non-PO Percentage of all principal
prepayments in part in respect of the related
Mortgage Pool received during the related
Prepayment Period, together with the related Senior
Prepayment Percentage of the applicable Non-PO
Percentage of the Scheduled Principal Balance of
each Mortgage Loan in the related Mortgage Pool
which was the subject of a Voluntary Principal
Prepayment in full during the related Prepayment
Period;
(iii) the lesser of (x) the related Senior Percentage of
the applicable Non-PO Percentage of the sum of (A)
the Scheduled Principal Balance of each Mortgage
Loan in the related Mortgage Pool that became a
Liquidated Mortgage Loan (other than Mortgage Loans
described in clause (B)) during the related
Prepayment Period and (B) the Scheduled Principal
Balance of each Mortgage Loan in the related
Mortgage Pool that was purchased by an insurer from
the Trustee during the related Prepayment Period
pursuant to the related Primary Insurance Policy,
as reduced in each case by the related Senior
Percentage of the applicable Non-PO Percentage of
the principal portion of any Excess Losses in
respect of the related Mortgage Pool (other than
Excess Bankruptcy Losses attributable to Debt
Service Reductions), and (y) the related Senior
Prepayment Percentage of the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
Proceeds allocable to principal received in respect
of each such Liquidated Mortgage Loan in the
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related Mortgage Pool (other than Mortgage Loans
described in clause (B)) and (B) the principal
balance of each such Mortgage Loan in the related
Mortgage Pool purchased by an insurer from the
Trustee pursuant to the related Primary Insurance
Policy, in each case during the related
Prepayment Period;
(iv) the related Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Scheduled
Principal Balance of each Mortgage Loan in the
related Mortgage Pool which was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the related Senior Prepayment Percentage of the
applicable Non-PO Percentage of the Substitution
Amount for any Mortgage Loan in the related
Mortgage Pool substituted during the month of
such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Senior Percentage: As to any Distribution Date and
each Certificate Group, the lesser of (i) 100% and (ii) the
percentage (carried to six places rounded up) obtained by
dividing the Senior Certificate Principal Balance for such
Certificate Group immediately prior to such Distribution
Date by an amount equal to the sum of the Certificate
Principal Balances of all the Certificates in such
Certificate Group other than, in the case of the Pool 1
Certificates, the Class 1-PO Certificates, and in the case
of the Pool 2 Certificates, the Class 2-PO Certificates,
immediately prior to such Distribution Date.
Senior Prepayment Percentage: As to each Certificate
Group, for any Distribution Date occurring prior to the
fifth anniversary of the first Distribution Date, 100%. As
to each Certificate Group, for any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to March
2003 to and including the Distribution Date in
March 2004, the related Senior Percentage for
such Distribution Date plus 70% of the related
Junior Percentage for such Distribution Date;
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(ii) for any Distribution Date subsequent to March
2004 to and including the Distribution Date in
March 2005, the related Senior Percentage for
such Distribution Date plus 60% of the related
Junior Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to March
2005 to and including the Distribution Date in
March 2006, the related Senior Percentage for
such Distribution Date plus 40% of the related
Junior Percentage for such Distribution Date;
(iv) for any Distribution Date subsequent to March
2006 to and including the Distribution Date in
March 2007, the related Senior Percentage for
such Distribution Date plus 20% of the related
Junior Percentage for such Distribution Date; and
(v) for any Distribution Date thereafter, the related
Senior Percentage for such Distribution Date.
Notwithstanding the foregoing, if on any Distribution Date
the related Senior Percentage exceeds the related Senior
Percentage as of the Closing Date, the Senior Prepayment
Percentage for such Certificate Group for such Distribution
Date will equal 100%.
In addition, notwithstanding the foregoing, no reduction of
the Senior Prepayment Percentage for a Certificate Group
below the level in effect for the most recent prior period
as set forth in clauses (i) through (iv) above shall be
effective on any Distribution Date unless at least one of
the following two tests is satisfied:
Test I: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool is delinquent 60 days or more
(including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) as a percentage of
the aggregate Class Certificate Principal Balance of
the related Junior Certificates as of such date, does
not exceed 50%, and (ii) cumulative Realized Losses
with respect to the Mortgage Loans in the related
Mortgage Pool do not exceed (a) 30% of the aggregate
Class Certificate Principal Balance of the related
Junior Certificates as of the Closing Date (the
"Original Subordinate Principal Balance" for such
Certificate Group) if such Distribution Date occurs
between and including April 2003 and March 2004, (b)
35% of the Original Subordinate Principal Balance for
such
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Certificate Group if such Distribution Date occurs
between and including April 2004 and March 2005, (c)
40% of the Original Subordinate Principal Balance for
such Certificate Group if such Distribution Date
occurs between and including April 2005 and March
2006, (d) 45% of the Original Subordinate Principal
Balance for such Certificate Group if such
Distribution Date occurs between and including April
2006 and March 2007 and (e) 50% of the Original
Subordinate Principal Balance for such Certificate
Group if such Distribution Date occurs during or after
April 2007; or
Test II: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool delinquent 60 days or more
(including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) averaged over the
last three months, as a percentage of the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool averaged over the last three
months, does not exceed 4%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans in
the related Mortgage Pool do not exceed (a) 10% of the
Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including April 2003 and March 2004, (b)
15% of the Original Subordinate Principal Balance for
such Certificate Group if such Distribution Date
occurs between and including April 2004 and March
2005, (c) 20% of the Original Subordinate Principal
Balance for such Certificate Group if such
Distribution Date occurs between and including April
2005 and March 2006, (d) 25% of the Original
Subordinate Principal Balance for such Certificate
Group if such Distribution Date occurs between and
including April 2006 and March 2007, and (e) 30% of
the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
during or after April 2007.
Servicer's Certificate: A certificate, completed by
and executed on behalf of the Company by a Servicing
Officer in accordance with Section 4.06, substantially in
the form of Exhibit D hereto or in such other form as the
Company and the Trustee shall agree.
Servicing Fee: As to any Mortgage Loan and Distribution
Date, the sum of (a) the Base Servicing Fee and (b) the
Supplemental Servicing Fee.
Servicing Officer: Any officer of the Company involved
in, or responsible for, the administration and servicing of
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the Mortgage Loans whose name appears on a list of
servicing officers attached to an Officer's Certificate
furnished to the Trustee by the Company, as such list may
from time to time be amended.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or initial Notional
Principal Balance, of $1,000 or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or initial Notional Principal Balance of
less than $1,000, such lesser amount.
Special Hazard Loss: (i) A Realized Loss suffered by a
Mortgaged Property on account of direct physical loss,
exclusive of (a) any loss covered by a hazard policy or a
flood insurance policy required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any
loss caused by or resulting from:
(1) normal wear and tear;
(2) conversion or other dishonest act on the part of
the Trustee, the Company or any of their agents
or employees; or
(3) errors in design, faulty workmanship or faulty
materials, unless the collapse of the property or
a part thereof ensues;
or (ii) any Realized Loss suffered by the Trust Fund
arising from or related to the presence or suspected
presence of hazardous wastes or hazardous substances on a
Mortgaged Property unless such loss to a Mortgaged Property
is covered by a hazard policy or a flood insurance policy
required to be maintained in respect of such Mortgaged
Property under Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $2,423,228, in the case of Pool 1,
and $4,197,625 in the case of Pool 2, minus, in each case,
the sum of (i) the aggregate amount of Special Hazard
Losses in respect of such Mortgage Pool that would have
been allocated to the related Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the related Adjustment
Amount (as defined below) as most recently calculated. On
each anniversary of the Cut-off Date, the "Adjustment
Amount" for each Mortgage Pool shall be equal to the
amount, if any, by which the amount calculated in
accordance with the preceding sentence for such Mortgage
Pool (without giving effect to the deduction of the related
Adjustment Amount for such anniversary) exceeds the lesser
of (x) the greater of (A) the product of the Special Hazard
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Percentage for such Mortgage Pool for such anniversary
multiplied by the outstanding principal balance of all the
Mortgage Loans in such Mortgage Pool on the Distribution
Date immediately preceding such anniversary and (B) twice
the outstanding principal balance of the Mortgage Loan in
such Mortgage Pool that has the largest outstanding
principal balance on the Distribution Date immediately
preceding such anniversary, and (y) an amount calculated by
the Company and approved by each Rating Agency, which
amount shall not be less than $500,000.
Special Hazard Percentage: With respect to each
Mortgage Pool and as of each anniversary of the Cut-off
Date, the greater of (i) 1.00% and (ii) the largest
percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans in such
Mortgage Pool secured by Mortgaged Properties located in a
single, five-digit zip code area in the State of California
by (y) the outstanding principal balance of all the
Mortgage Loans in such Mortgage Pool as of the immediately
preceding Distribution Date.
Special Hazard Termination Date: With respect to each
Mortgage Pool, the Distribution Date upon which the Special
Hazard Loss Amount for such Mortgage Pool has been reduced
to zero or a negative number (or the related Cross-Over
Date, if earlier).
Startup Day: As defined in Section 2.05(c).
Subordinate Certificates: As to any date of
determination and each Certificate Group, first, the
related Class B5 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; second,
the related Class B4 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; third, the related Class B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; fourth, the related Class B2 Certificates
until the Class Certificate Principal Balance thereof has
been reduced to zero; fifth, the related Class B1
Certificates until the Class Certificate Principal Balance
thereof has been reduced to zero; and sixth, the related
Class M Certificates until the Class Certificate Principal
Balance thereof has been reduced to zero.
Subordinate Certificate Writedown Amount: As to any
Distribution Date, first, in the case of the Pool 1
Certificates, any amount distributed to the Class 1-PO
Certificates on such Distribution Date pursuant to Section
4.01(a)(iv), and in the case of the Pool 2 Certificates,
any amount distributed to the Class 2-PO Certificates on
such Distribution Date pursuant to Section 4.01(b)(iv), and
second,
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after giving effect to the application of the applicable
portion of clause first above, the amount by which (i) the
sum of the Class Certificate Principal Balances of all the
Certificates in the related Certificate Group (after giving
effect to the distribution of principal and the application
of Realized Losses in reduction of the Certificate
Principal Balances of the related Certificates on such
Distribution Date) exceeds (ii) the Pool Scheduled
Principal Balance of the related Mortgage Pool on the first
day of the month of such Distribution Date less any
Deficient Valuations occurring in respect of the Mortgage
Loans in such Mortgage Pool on or prior to the related
Bankruptcy Coverage Termination Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Scheduled Principal Balance of the Mortgage Loan that
is substituted for, over (y) the Scheduled Principal
Balance of the related substitute Mortgage Loan, each
balance being determined as of the date of substitution.
Supplemental Servicing Fee: As to any Mortgage Loan
and Distribution Date, an amount equal to the product of
(i) the Scheduled Principal Balance of such Mortgage Loan
as of the Due Date in the preceding calendar month and (ii)
the Supplemental Servicing Fee Rate for such Mortgage Loan.
The Supplemental Servicing Fee for any Distribution Date
shall be reduced by its allocable share of Interest
Shortfalls (as provided in the definition thereof) and any
Interest Losses (in accordance with Section 3.08(d)).
Supplemental Servicing Fee Rate: As to any Mortgage
Loan and Distribution Date, a fixed rate per annum equal to
the excess, if any, of the Net Mortgage Rate thereof over
6.75%.
Surety: Ambac Assurance Corporation, or its successors
in interest.
Surety Bond: The Limited Purpose Surety Bond (Policy
No. AB0039BE), dated February 28, 1996, issued by the
Surety for the benefit of certain beneficiaries, including
the Trustee for the benefit of the Holders of the
Certificates, but only to the extent that such Limited
Purpose Surety Bond covers any Pledged Asset Mortgage
Loans.
TAC Balance: As to any Distribution Date and any Class
of TAC Certificates or any TAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
TAC Certificates: None.
TAC Component: None.
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Trigger Event: Any one or more of the following: (i)
if the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or if General
Electric Capital Corporation shall not own (directly or
indirectly) at least two-thirds of the voting shares of the
capital stock of the Company, (ii) if the long-term senior
unsecured rating of General Electric Capital Corporation is
downgraded or withdrawn by Fitch or S&P below their two
highest rating categories, (iii) if General Electric
Capital Corporation is no longer obligated pursuant to the
terms of the support agreement, dated as of October 1,
1990, between General Electric Capital Corporation and the
Company, to maintain the Company's net worth or liquidity
(as such terms are defined therein) at the levels specified
therein, or if such support agreement, including any
amendment thereto, has been breached, terminated or
otherwise held to be unenforceable and (iv) if such support
agreement, including any amendment thereto, is amended or
modified.
Trust Fund: The corpus of the trust created by this
Agreement evidenced by the Certificates and consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of
such Mortgage Loans, except as otherwise described in
the first paragraph of Section 2.01 including the
proceeds from the liquidation of any Additional
Collateral for any Pledged Asset Mortgage Loan;
(iii) the obligation of the Company to deposit in
the Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a), and the
obligation of the Trustee to deposit in the
Certificate Account any amount required pursuant to
Section 4.04(b);
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan pursuant to
Section 2.02 or 2.03;
(v) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO
Mortgage Loan;
(vi) the proceeds of the Primary Insurance
Policies, if any, and the hazard insurance policies
required by Section 3.06, in each case, in respect of
the Mortgage Loans, and the Company's interest in the
Surety Bond transferred to the Trustee pursuant to
Section 2.01;
(vii) the Certificate Account established pursuant
to Section 3.02(d);
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(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 1-B4 and
Class 1- B5 Certificates, respectively, or of the
Class 2-B4 and Class 2-B5 Certificates, respectively,
under any agreements entered into between either such
holder and the Company pursuant to Section 3.08(e);
and
(x) all rights of the Company as assignee under
any security agreements, pledge agreements or
guarantees relating to the Additional Collateral
supporting any Pledged Asset Mortgage Loan.
Trustee: The institution executing this Agreement as
Trustee, or its successor in interest, or if any successor
trustee is appointed as herein provided, then such
successor trustee so appointed.
Unanticipated Recovery: As defined in Section 4.01(g)
herein.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete restoration of
the property is not fully reimbursable by the hazard
insurance policies required to be maintained pursuant to
Section 3.06.
Unpaid Class Interest Shortfall: As to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates), the amount, if
any, by which the aggregate of the Class Interest
Shortfalls for such Class for prior Distribution Dates is
in excess of the aggregate amounts distributed on prior
Distribution Dates to Holders of such Class of Certificates
(or added to the Class Certificate Principal Balance of any
Class of Accrual Certificates, or to the Component
Principal Balance of any Accrual Component) pursuant to
Section 4.01(a)(ii), in the case of the Pool 1 Senior
Certificates (other than any Class of Principal Only
Certificates), and any Component thereof (other than any
Principal Only Component), Section 4.01(a)(vi), in the case
of the Class 1-M Certificates, Section 4.01(a)(ix), in the
case of the Class 1-B1 Certificates, Section 4.01(a)(xii),
in the case of the Class 1-B2 Certificates, Section
4.01(a)(xv), in the case of the Class 1-B3 Certificates,
Section 4.01(a)(xviii), in the case of the Class 1-B4
Certificates, Section 4.01(a)(xxi), in the case of the
Class 1-B5 Certificates, Section 4.01(b)(ii), in the case
of the Pool 2 Senior Certificates and any Component
thereof, Section 4.01(b)(vi), in the case of the Class 2-M
Certificates, Section 4.01(b)(ix), in the case of the Class
2-B1 Certificates, Section 4.01(b)(xii), in the case of the
Class
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2-B2 Certificates, Section 4.01(b)(xv), in the case of the
Class 2-B3 Certificates, Section 4.01(b)(xviii), in the
case of the Class 2-B4 Certificates, and Section
4.01(b)(xxi), in the case of the Class 2-B5 Certificates.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received from
the related Mortgagor on a Mortgage Loan.
Voting Rights: The portion of the voting rights of all
the Certificates that is allocated to any Certificate for
purposes of the voting provisions of Section 10.01. At all
times during the term of this Agreement, 100% of all Voting
Rights shall be allocated among the Classes (and among the
Certificates of each such Class) in proportion to their
aggregate Class Certificate Principal Balances or
Certificate Principal Balances, as the case may be.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. (a) The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee, without recourse (except as provided
herein) all the right, title and interest of the Company in and
to the Mortgage Loans, including all interest and principal
received by the Company on or with respect to the Mortgage Loans
(other than payments of principal and interest due and payable on
the Mortgage Loans on or before, and all Principal Prepayments
received before, the Cut-off Date).
In addition, with respect to any Pledged Asset
Mortgage Loan, the Company does hereby transfer, assign, set-over
and otherwise convey to the Trustee without recourse (except as
provided herein) (i) its rights as assignee under any security
agreements, pledge agreements or guarantees relating to the
Additional Collateral supporting any Pledged Asset Mortgage Loan,
(ii) its security interest in and to any Additional Collateral,
(iii) its right to receive payments in respect of any Pledged
Asset Mortgage Loan pursuant to the Pledged Asset Mortgage
Servicing Agreement, and (iv) its rights as beneficiary under the
Surety Bond in respect of any Pledged Asset Mortgage Loan.
(b) In connection with such transfer and assignment, the
Company does hereby deliver to the Trustee the following
documents or instruments with respect to:
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(1) Each Mortgage Loan (other than any Cooperative
Loan or Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse
in blank by the Company, including all intervening
endorsements showing a complete chain of endorsement
from the originator to the Company; provided, however,
that if such Mortgage Note is a Confirmatory Mortgage
Note, such Confirmatory Mortgage Note may be payable
directly to the Company or may show a complete chain
of endorsement from the named payee to the Company;
(ii) Any assumption and modification agreement; and
(iii) An assignment in recordable form (which may
be included in a blanket assignment or assignments) of
the Mortgage to the Trustee; and
(2) Each Cooperative Loan (other than a Designated
Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse
in blank by the Company and showing an unbroken chain
of endorsements from the originator to the Company;
provided, however, that if such Mortgage Note is a
Confirmatory Mortgage Note, such Confirmatory Mortgage
Note may be payable directly to the Company or may
show a complete chain of endorsement from the named
payee to the Company;
(ii) A counterpart of the Proprietary Lease and
the Assignment of Proprietary Lease executed in blank
or to the originator of the Cooperative Loan;
(iii) The related Cooperative Stock Certificate,
together with an undated stock power (or other similar
instrument) executed in blank;
(iv) A counterpart of the recognition agreement
by the Cooperative of the security interests of the
mortgagee with respect to the related Cooperative
Loan;
(v) The Security Agreement;
(vi) Copies of the original UCC-1 financing
statement, and any continuation statements, filed by
the originator of such Cooperative Loan as secured
party, each with evidence of recording thereof,
evidencing the security interest of the originator in
the Cooperative Stock and the Proprietary Lease;
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(vii) If applicable, copies of the UCC-3
assignments of the security interest described in
clause (vi) above, sent to the appropriate public
office for filing, showing an unbroken chain of title
from the originator to the Company (if applicable),
evidencing the security interest of the originator in
the Cooperative Stock and the Proprietary Lease;
(viii) An executed assignment (which may be a
blanket assignment for all Cooperative Loans) of the
security interest of the Company in the Security
Agreement, Assignment of Proprietary Lease and the
recognition agreement described in clause (iv) above,
showing an unbroken chain of title from the originator
to the Trustee; and
(ix) A UCC-3 assignment from the Company to the
Trustee of the security interest described in clause
(vi) above, in form suitable for filing, otherwise
complete except for filing information regarding the
original UCC-1 if unavailable (which may be included
in a blanket assignment to the Trustee).
In 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
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assignment from the originator to the Company (other than with
respect to a Cooperative Loan); and
(iv) with respect to any Cooperative Loan that has been
assigned to the Company, the related filed intervening
UCC-3 financing statements (not previously delivered
pursuant to Section 2.01(b)(2)(vii)), showing a complete
chain of assignment from the named originator to the
Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
(b) title insurance binders with respect to the Mortgage Loans
(other than with respect to a Cooperative Loan). The Company
shall also retain in its files evidence of any primary mortgage
insurance relating to the Mortgage Loans during the period when
the related insurance is in force. Such evidence shall consist,
for each Mortgage Loan, of a certificate of private mortgage
insurance relating to such Mortgage Loan or an electronic screen
print setting forth the information contained in such certificate
of private mortgage insurance, including, without limitation,
information relating to the name of the mortgage insurance
carrier, the certificate number, the loan amount, the property
address, the effective date of coverage, the amount of coverage
and the expiration date of the policy. (The copies of the
Mortgage, intervening assignments of Mortgage, if any, title
insurance binder and the Primary Insurance Policy, if any,
described in the second and third preceding sentences are
collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the
Trustee in writing if such delivery to the Trustee shall not have
occurred on or before the first anniversary of the Closing Date.
The Company shall promptly furnish to the Trustee the documents
included in the Document Files (other than any such documents
previously delivered to the Trustee as originals or copies)
either (a) upon the written request of the Trustee or (b) when
the Company or the Trustee obtains actual notice or knowledge of
a Trigger Event. The Trustee shall have no obligation to request
delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
(d) The Company shall not be required to record the
assignments of the Mortgages referred to in Section
2.01(b)(1)(iii) or file the UCC-3 assignments referred to in
Section 2.01(b)(2)(ix) to the Trustee unless the Company or the
Trustee obtains actual
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notice or knowledge of the occurrence of any Trigger Event;
provided, however, that such recording or filing shall not be
required if the Company delivers to the Trustee a letter from
each Rating Agency to the effect that the failure to take such
action will not cause such Rating Agency to reduce or withdraw
its then current ratings of the Certificates. The party obtaining
actual notice or knowledge of any of such events shall give the
other party prompt written notice thereof. For purposes of the
foregoing (as well as for purposes of determining whether the
Company shall be required to deliver the Document Files to the
Trustee following the occurrence of a Trigger Event), the Company
shall be deemed to have knowledge of any such downgrading
referred to in the definition of Trigger Event if, in the
exercise of reasonable diligence, the Company has or should have
had knowledge thereof. As promptly as practicable subsequent to
the Company's delivery or receipt of such written notice, as the
case may be, the Company shall insert the recording or filing
information in the assignments of the Mortgages or UCC-3
assignments to the Trustee and shall cause the same to be
recorded or filed, at the Company's expense, in the appropriate
public office for real property records or UCC financing
statements, except that the Company need not cause to be so
completed and recorded any assignment of Mortgage which relates
to a Mortgage Loan secured by property in a jurisdiction under
the laws of which, on the basis of an Opinion of Counsel
reasonably satisfactory to the Trustee and satisfactory to each
Rating Agency (as evidenced in writing), recordation of such
assignment is not necessary to protect the Trustee against
discharge of such Mortgage Loan by the Company or any valid
assertion that any Person other than the Trustee has title to or
any rights in such Mortgage Loan. In the event that the Company
fails or refuses to record or file the assignment of Mortgages or
UCC-3 financing statement in the circumstances provided above,
the Trustee shall record or cause to be recorded or filed such
assignment or UCC-3 financing statement at the expense of the
Company. In connection with any such recording or filing, the
Company shall furnish such documents as may be reasonably
necessary to accomplish such recording or filing. Notwithstanding
the foregoing, at any time the Company may record or file, or
cause to be recorded or filed, the assignments of Mortgages or
UCC-3 financing statement at the expense of the Company.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt by it of the Mortgage Notes, the assignments of the
Mortgages to the Trustee, the assumption and modification
agreements, if any, the documents specified in Section 2.01(b)(2)
(subject to any permitted delayed delivery of the documents
described in Section 2.01(c)(iv)), and the Designated Loan
Closing Documents, if any, delivered pursuant to Section 2.01,
and declares that the Trustee holds and will hold such documents
and each other document delivered to it pursuant to Section 2.01
in trust, upon the trusts herein set forth, for the use and
benefit of all present and future Certificateholders. The Trustee
agrees, for the benefit of
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Certificateholders, to review each Mortgage File within 45 days
after (i) the execution and delivery of this Agreement, in the
case of the Mortgage Notes, the assignments of the Mortgages to
the Trustee, the assumption and modification agreements, if any,
the documents specified in Section 2.01(b)(2) (subject to any
permitted delayed delivery of the documents described in Section
2.01(c)(iv)), and the Designated Loan Closing Documents, if any,
(ii) delivery to the Trustee after the Closing Date of the
Mortgage Notes and the assumption and modification agreements, if
any, with respect to each Designated Loan, and (iii) delivery of
the recorded Mortgages, title insurance policies, recorded
intervening assignments of Mortgage, if any, and filed
intervening UCC-3 financing statements, if any, with respect to
any Cooperative Loan to ascertain that all required documents set
forth in Section 2.01 have been executed, received and recorded,
if applicable, and that such documents relate to the Mortgage
Loans identified in Exhibit C hereto. In performing such
examination, the Trustee may conclusively assume the due
execution and genuineness of any such document and the
genuineness of any signature thereon. It is understood that the
scope of the Trustee's examination of the Mortgage Files is
limited solely to confirming, after receipt of the documents
listed in Section 2.01, that such documents have been executed,
received and recorded, if applicable, and relate to the Mortgage
Loans identified in Exhibit C to this Agreement. If in the course
of such review the Trustee finds (1) that any document required
to be delivered as aforesaid has not been delivered, or (2) any
such document has been mutilated, defaced or physically altered
without the borrower's authorization or approval, or (3) based
upon its examination of such documents, the information with
respect to any Mortgage Loan set forth on Exhibit C is not
accurate, the Trustee shall promptly so notify the Company in
writing, which shall have a period of 60 days after receipt of
such notice to correct or cure any such defect. The Company
hereby covenants and agrees that, if any such material defect
cannot be corrected or cured, the Company will on a Distribution
Date which is not later than the first Distribution Date which is
more than ten days after the end of such 60-day period repurchase
the related Mortgage Loan from the Trustee at the Purchase Price
therefor or replace such Mortgage Loan pursuant to Section
2.03(b); provided, however, that if the defect (or breach
pursuant to Section 2.03(a)) is one that, had it been discovered
before the Startup Day, would have prevented the Mortgage 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
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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;
(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
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none of the Mortgage Loans have been past due 30 or more
days more than once during the preceding 12 months;
(v) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
there is no mechanics' lien or claim for work, labor or
material affecting the premises subject to any Mortgage
which is or may be a lien prior to, or equal or coordinate
with, the lien of such Mortgage except those which are
insured against by the title insurance policy referred to
in (x) below;
(vi) As of the date of the initial issuance of the
Certificates, other than with respect to Cooperative Loans,
there is no delinquent tax or assessment lien against the
property subject to any Mortgage;
(vii) As of the date of the initial issuance of the
Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage, including
the obligation of the Mortgagor to pay the unpaid principal
and interest on such Mortgage Note;
(viii) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage
(or in the case of a Cooperative Loan, the related
Cooperative Apartment) is free of material damage and is in
good repair;
(ix) Each Mortgage Loan at the time it was made
complied in all material respects with applicable state and
federal laws, including, without limitation, usury, equal
credit opportunity and disclosure laws;
(x) Other than with respect to Cooperative Loans, a
lender's title insurance policy or binder, or other
assurance of title insurance customary in the relevant
jurisdiction therefor was issued on the date of the
origination of each Mortgage Loan and each such policy or
binder is valid and remains in full force and effect;
(xi) None of the Mortgage Loans constitute Pledged
Asset Mortgage Loans. The Loan-to-Value-Ratio of each
Mortgage Loan was not more than 95%. As of the Cut-off
Date, no more than 14.25% of the Mortgage Loans in Pool 1
and no more than 13.50% of the Mortgage Loans in Pool 2, in
each case by Scheduled Principal Balance, had Loan-to-Value
Ratios of more than 80% and each such Mortgage Loan is
covered by a Primary Insurance Policy so long as its then
outstanding principal amount exceeds 80% of the greater of
(a) the Original Value and (b) the then current value of
the related Mortgaged Property as evidenced by an appraisal
thereof satisfactory to the Company. Each Primary Insurance
Policy is issued by a private mortgage insurer acceptable
to FNMA or FHLMC;
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(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 6.50% per annum and not greater than
8.75% per annum, in the case of Pool 1, and was not less
than 6.625% per annum and not greater than 9.000% per
annum, in the case of Pool 2. The Mortgage Rate of each
Mortgage Note is fixed for the life of the related Mortgage
Loan;
(xiii) Other than with respect to Cooperative Loans, the
improvements on the Mortgaged Properties are insured
against loss under a hazard insurance policy with extended
coverage and conforming to the requirements of Section 3.06
hereof. As of the date of initial issuance of the
Certificates, all such insurance policies are in full force
and effect;
(xiv) As of the Cut-off Date, (i) no more than 10.75% of
the Mortgage Loans in Pool 1 and no more than 10.25% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, had a Scheduled Principal Balance of
more than $500,000 and up to and including $750,000; (ii)
no more than 1.00% of the Mortgage Loans in Pool 1 and no
more than 0.75% of the Mortgage Loans in Pool 2, in each
case by Scheduled Principal Balance, had a Scheduled
Principal Balance of more than $750,000 and up to and
including $1,000,000; and (iii) none of the Mortgage Loans
in Pool 1 or Pool 2 had a Scheduled Principal Balance of
more than $1,000,000;
(xv) As of the Cut-off Date, no more than 1.25% of the
Mortgage Loans in Pool 1 and no more than 1.50% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by Mortgaged Properties
located in any one postal zip code area;
(xvi) As of the Cut-off Date, at least 98.75% of the
Mortgage Loans in Pool 1 and at least 99.00% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by Mortgaged Properties
determined by the Company to be the primary residence of
the Mortgagor. The basis for such determination is the
making of a representation by the Mortgagor at origination
that he or she intends to occupy the underlying property;
(xvii) As of the Cut-off Date, at least 92.25% of the
Mortgage Loans in Pool 1 and at least 90.00% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by one-family detached
residences;
(xviii) As of the Cut-off Date, no more than 2.50% of the
Mortgage Loans in Pool 1 and no more than 4.25% of the
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Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by condominiums and, as of
the Cut-off Date, no more than 2.25% of the Mortgage Loans
in Pool 1 and no more than 1.75% of the Mortgage Loans in
Pool 2, in each case by Scheduled Principal Balance, are
secured by two- to four-family residential properties. As
to each condominium or related Mortgage Loan, (a) the
related condominium is in a project that is on the FNMA or
FHLMC approved list, (b) the related condominium is in a
project that, upon submission of appropriate application,
could be so approved by either FNMA or FHLMC, (c) the
related Mortgage Loan meets the requirements for purchase
by FNMA or FHLMC, (d) the related Mortgage Loan is of the
type that could be approved for purchase by FNMA or FHLMC
but for the principal balance of the related Mortgage Loan
or the pre-sale requirements or (e) the related Mortgage
Loan has been approved by a nationally recognized mortgage
pool insurance company for coverage under a mortgage pool
insurance policy issued by such insurer. As of the Cut-off
Date, no more than 0.50% of the Mortgage Loans in each of
Pool 1 and Pool 2, 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
in Pool 1 and no more than 0.50% of the Mortgage Loans in
Pool 2, by Scheduled Principal Balance, constituted Buydown
Mortgage Loans. The maximum Buydown Period for any Buydown
Mortgage Loan is three years, and the maximum difference
between the stated Mortgage Rate of any Buydown Mortgage
Loan and the rate paid by the related Mortgagor is three
percentage points. Each Buydown Mortgage Loan has been
fully funded;
(xxi) The original principal balances of the Mortgage
Loans in Pool 1 range from $45,500 to $942,000, and the
original principal balances of the Mortgage Loan in Pool 2
range from $91,500 to $813,500;
(xxii) As of the Cut-off Date, no more than 1.00% of the
Mortgage Loans in Pool 1 and no more than 0.75% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by second homes, no more
than 0.25% of the Mortgage Loans in Pool 1, by Scheduled
Principal Balance, and none of the Mortgage Loans in Pool 2
are secured by investor-owned properties, and, as of the
Cut-off Date, no more than 0.25% of the Mortgage Loans in
Pool 1, by Scheduled Principal Balance, and none of the
Mortgage Loans in Pool 2 are secured by condominiums that
constitute second homes;
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(xxiii) All appraisals have been prepared substantially in
accordance with the description contained under the caption
"The Trust Fund -- The Mortgage Loans" in the prospectus
dated March 19, 1998, included in the registration
statement on Form S-3 (file no. 333-43755) filed by the
Company with the Securities and Exchange Commission with
respect to the offer and sale of certain Classes of the
Certificates;
(xxiv) No selection procedures, other than those
necessary to comply with the representations and warranties
set forth herein or the description of the Mortgage Loans
made in any disclosure document delivered to prospective
investors in the Certificates, have been utilized in
selecting the Mortgage Loans from the Company's portfolio
which would be adverse to the interests of the
Certificateholders;
(xxv) Other than with respect to Cooperative Loans, to
the best of the Company's knowledge, at origination no
improvement located on or being part of a Mortgaged
Property was in violation of any applicable zoning and
subdivision laws and ordinances;
(xxvi) None of the Mortgage Loans is a temporary
construction loan. With respect to any Mortgaged Property
which constitutes new construction, the related
construction has been completed substantially in accordance
with the specifications therefor and any incomplete aspect
of such construction shall not be material or interfere
with the habitability or legal occupancy of the Mortgaged
Property. Mortgage Loan amounts sufficient to effect any
such completion are in escrow for release upon or in
connection with such completion or a performance bond or
completion bond is in place to provide funds for this
purpose and such completion shall be accomplished within
120 days after weather conditions permit the commencement
thereof;
(xxvii) As of the Closing Date, each Mortgage Loan is a
"qualified mortgage" as defined in Section 860G(a)(3) of
the Code;
(xxviii) As of the Closing Date, the Company possesses the
Document File with respect to each Mortgage Loan, and,
other than with respect to Cooperative Loans, the related
Mortgages and intervening assignment or assignments of
Mortgages, if any, have been delivered to a title insurance
company for recording; and
(xxix) As of the Cut-Off Date, none of the Mortgage Loans
are Cooperative Loans. With respect to each Cooperative
Loan:
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(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 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.
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
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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 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
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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
Certificates, as "regular interests," and the Class R Certificate
as the single class of "residual interests," in the REMIC
established hereunder for purposes of the REMIC Provisions.
(b) The Closing Date will be the "Startup Day" for the
REMIC established hereunder for purposes of the REMIC Provisions.
(c) The "tax matters person" with respect to the REMIC
established hereunder for purposes of the REMIC Provisions shall
be (i) the Company, if the Company is the owner of a Class R
Certificate, or (ii) in any other case, the beneficial owner of
the Class R Certificate having the largest Percentage Interest of
such Class; provided, however, that such largest beneficial owner
and,
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to the extent relevant, each other holder of a Class R
Certificate, by its acceptance thereof irrevocably appoints the
Company as its agent and attorney-in-fact to act as "tax matters
person" with respect to the REMIC established hereunder for
purposes of the REMIC Provisions.
(d) The "latest possible maturity date" of the regular
interests in the REMIC established hereunder is the Latest
Possible Maturity Date for purposes of section 860G(a)(1) of the
Code.
(e) In no event shall the assets described in clause
(x) of the definition of the term Trust Fund constitute a part of
the REMIC established hereunder.
(f) In the event that the Servicing Fee exceeds the
amount reasonable for such services (within the meaning of
Treasury Regulation 1.860D-1(b)(1)(ii)), the portion or portions
of such fee that can be measured as a fixed number of basis
points on some or all of the Mortgage Loans and can be treated as
one or more stripped coupons within the meaning of Treasury
Regulation 1.860D- 1(b)(2)(iii) shall be treated as such stripped
coupons and shall not be treated as a REMIC asset.
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
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furnished to Certificateholders the schedules, statements or
information at such times and in such manner as may be
required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by
the Code, the name, title, address, and telephone number of
the person that the holders of the Certificates may contact
for tax information relating thereto (and the Company shall
act as the representative of the REMIC established
hereunder for this purpose), together with such additional
information as may be required by such Form, and shall
update such information at the time or times and in the
manner required by the Code;
(iii) make or cause to be made an election, on behalf of
the REMIC established hereunder, to be treated as a REMIC,
and make the appropriate designations, if applicable, in
accordance with Section 2.05(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 applicable
Prepayment Assumption Multiple;
(v) provide information necessary for the computation
of tax imposed on the transfer of a Residual Certificate to
a Disqualified Organization, or an agent (including a
broker, nominee or other middleman) of a Disqualified
Organization, or a pass-through entity in which a
Disqualified Organization is the record holder of an
interest (the reasonable cost of computing and furnishing
such information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct the
affairs of 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;
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(viii) exercise reasonable care not to allow the creation
of any "interests" in the REMIC within the meaning of
section 860D(a)(2) of the Code other than the interests
represented by the Classes of Certificates identified in
Section 5.01(b);
(ix) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless the Company
shall have provided an Opinion of Counsel to the Trustee
that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject the Trust Fund to tax, or (c)
cause the REMIC established hereunder to fail to qualify as
a REMIC;
(x) exercise reasonable care not to allow the Trust
Fund to receive income from the performance of services or
from assets not permitted under the REMIC Provisions to be
held by a REMIC;
(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to the REMIC after the Startup Day, and taxes
on net 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.
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(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 applicable Mortgage Loan
Payment Record, release the related Mortgage File to the Company
whereupon the Company may cancel the related Mortgage Note. Upon
request by the Company after the execution and delivery of this
Agreement, the Trustee shall furnish the Company with any powers
of attorney and other documents necessary or appropriate to
enable the Company to carry out its servicing and administrative
duties hereunder. Except as otherwise provided herein, the
Company shall maintain servicing standards substantially
equivalent to those required for approval by FNMA or FHLMC. The
Company shall not agree to any modification of the material terms
of any Mortgage Loan except as provided in the second sentence of
Section 3.02(a) and in Section 3.07. The Company shall not
release any portion of any Mortgaged Property from the lien of
the related Mortgage unless the related Mortgage Loan would be a
"qualified mortgage" within the meaning of the REMIC Provisions
following such release.
(c) [Intentionally Omitted]
(d) The relationship of the Company (and of any
successor to the Company as servicer under this Agreement) to the
Trustee under this Agreement is intended by the parties to be
that of an independent contractor and not that of a joint
venturer, partner or agent.
(e) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount
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owing under the related Mortgage Loans, notwithstanding that the
terms of such Mortgage Loans so permit, and such costs shall be
recoverable by the Company to the extent permitted by Section
3.04. The Company shall collect such amounts from the Mortgagor
and shall credit the applicable Mortgage Loan Payment Record
accordingly.
(f) If the Company enters into a servicing agreement
with any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
(g) In no event shall any collateral fund established
under the agreement referred to in Section 3.08(e) constitute an
asset of any REMIC established hereunder.
Section 3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Records; Certificate 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
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foreseeable, arrange at any time prior to foreclosure with a
Mortgagor a schedule for the payment of due and unpaid principal
and interest for a period extending up to two years after the
date that such schedule is arranged. Any arrangement of the sort
described in clause (ii) above shall not affect the amount or
timing of the Company's obligation to make Monthly Advances with
respect to any Mortgage Loan which Monthly Advances shall be made
pursuant to the original amortization schedule applicable to such
Mortgage Loan.
(b) The Company shall establish and maintain a
Mortgage Loan Payment Record for each Mortgage Pool in which the
following payments on and collections in respect of each Mortgage
Loan in such Mortgage Pool shall as promptly as practicable be
credited by the Company for the account of the Holders of the
Certificates:
(i) All payments on account of principal, including
Principal Prepayments (other than (A) payments of principal
due and payable on the Mortgage Loans on or before, and all
Principal Prepayments received before, the Cut-off Date,
(B) in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or
before the Determination Date in the month of substitution,
and all Principal Prepayments received before the first day
of the month of substitution, and (C) in the case of a
replaced Mortgage Loan, payments of principal due and
payable on such Mortgage Loan after the Determination Date
in the month of substitution, and all Principal Prepayments
received in the month of substitution);
(ii) All payments (other than (A) those due and payable
on or before the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, those due and payable on such
Mortgage Loan on or before the Determination Date in the
month of substitution, and (C) in the case of a replaced
Mortgage Loan, those due and payable on such Mortgage Loan
after the Determination Date in the month of substitution)
on account of interest at the applicable Remittance Rate on
the Mortgage Loan received from the related Mortgagor,
including any Buydown Funds applied with respect to
interest at the applicable Remittance Rate on any Buydown
Mortgage Loan;
(iii) All Liquidation Proceeds received by the Company
with respect to such Mortgage Loan and the Purchase Price
for any Mortgage Loan purchased by the Company pursuant to
Sections 2.02, 2.03 and 3.16 (including any amounts
received in respect of a substitution of a Mortgage Loan);
(iv) All Insurance Proceeds (including, for this
purpose, any amounts required to be credited by the Company
pursuant to the last sentence of Section 3.06) received by
the Company in respect of the related Mortgage Pool for the
benefit of the
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Trust Fund, other than proceeds to be applied to the
restoration or repair of the property subject to the
related Mortgage or released, or to be released, to the
related Mortgagor in accordance with the normal servicing
procedures of the Company;
(v) All REO Proceeds;
(vi) All Unanticipated Recoveries; and
(vii) All amounts received by the Company with respect
to any Pledged Asset Mortgage Loan pursuant to the
liquidation of any Additional Collateral or pursuant to any
recovery under the Surety Bond in accordance with Section
4.09.
The foregoing requirements respecting credits to each Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in either Mortgage Loan Payment Record
collections, Liquidation Proceeds or Insurance Proceeds in
respect of Mortgage Loans which have been previously released
from the terms of this Agreement, amounts representing fees or
late charge penalties payable by Mortgagors, or amounts received
by the Company for the account of Mortgagors for application
towards the payment of taxes, insurance premiums, assessments and
similar items.
(c) Subject to subsection (e) below, until the
Business Day prior to each Distribution Date on which amounts are
required to be transferred to the 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 in respect of each Mortgage Pool for such
Distribution Date and any Unanticipated Recoveries in respect of
such Mortgage Pool received in the calendar month preceding the
month of such Distribution Date. If the Trustee does not receive
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such transfer by 2:00 p.m. on such Business Day, it shall give the
Company written notice thereof.
(e) If the Company or a Responsible Officer of the
Trustee obtains actual notice of or knowledge of the occurrence
of either (x) any Trigger Event or (y) the downgrade by S&P of
General Electric Capital Corporation's short-term senior
unsecured debt rating below A-1+, then, notwithstanding
subsection (c) above, the Company shall promptly establish, and
thereafter maintain, one or more Eligible Accounts, in respect of
each Mortgage Pool, in the name of the Trustee and bearing a
designation indicating that amounts therein are held for the
benefit of the Trustee and the related Certificateholders, into
which the Company and any Primary Servicer shall deposit within
two Business Days after receipt, all amounts otherwise required
to be credited to the applicable Mortgage Loan Payment Record
pursuant to Section 3.02(b); provided, however, that such action
shall not be required if the Company delivers to the Trustee a
letter from each Rating Agency to the effect that the failure to
take such action will not cause such Rating Agency to withdraw or
reduce its then current ratings of the 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 each Mortgage Loan
Payment Record and credits and debits to such Record shall be
deemed to refer to the related Eligible Accounts and transfers to
and withdrawals from such Eligible Accounts. Any action which may
be necessary to establish the terms of an account pursuant to
this Section 3.02(e) may be taken by an amendment or supplement
to this Agreement or pursuant to a written order of the Company,
which
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amendment, supplement or order shall not require the consent of
Certificateholders, provided that the Company has delivered to
the Trustee a letter from each Rating Agency to the effect that
such amendment, supplement or order will not cause such Rating
Agency to withdraw or reduce its then current ratings of the
Certificates.
Section 3.03. Collection of Taxes, Assessments and
Other Items. Other than with respect to any Cooperative Loan, the
Company shall establish and maintain with one or more depository
institutions one or more accounts into which it shall deposit all
collections of taxes, assessments, private mortgage or hazard
insurance premiums or comparable items for the account of the
Mortgagors. As servicer, the Company shall effect the timely
payment of all such items for the account of Mortgagors.
Withdrawals from such account or accounts may be made only to
effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any payments
made regarding taxes and assessments or for any payments made
pursuant to Section 3.05 regarding premiums on Primary Insurance
Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums
determined to be overages, or to pay interest owed to Mortgagors
to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Records. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to each
Mortgage Loan Payment Record for the following purposes (in each
case as to the Mortgage Loans in the related Mortgage Pool):
(i) To reimburse the Company or the applicable Primary
Servicer for Liquidation Expenses theretofore incurred in
respect of any Mortgage Loan in an amount not to exceed the
amount of the related Liquidation Proceeds credited to such
Mortgage Loan Payment Record pursuant to Section
3.02(b)(iii); provided that the Company or the applicable
Primary Servicer shall not be entitled to reimbursement for
Liquidation Expenses incurred after the initiation of
foreclosure proceedings in respect of any Defaulted
Mortgage Loan that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable Primary
Servicer for Insured Expenses and amounts expended by it
pursuant to Section 3.08 in good faith in connection with
the restoration of property damaged by an Uninsured Cause,
in an amount not to exceed the amount of the related
Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts
representing proceeds of other insurance policies covering
the property subject to the related Mortgage credited to
such Mortgage Loan Payment Record pursuant to Section
3.02(b) (iii) and (iv);
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(iii) To reimburse the Company to the extent permitted
by Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in respect
of any Defective Mortgage Loan or Defaulted Mortgage Loan
purchased by the Company to the extent that the
distribution of any such amounts on the Distribution Date
upon which the proceeds of such purchase are distributed
would make the total amount distributed in respect of any
such Mortgage Loan on such Distribution Date greater than
the Purchase Price therefor, net of any unreimbursed
Monthly Advances made by the Company;
(v) To reimburse the Company (or the Trustee, as
applicable) for Monthly Advances theretofore made in
respect of any Mortgage Loan to the extent of late
payments, REO Proceeds, Insurance Proceeds and Liquidation
Proceeds in respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor
payment of interest or other recovery with respect to a
particular Mortgage Loan, to the extent not previously
retained by the Company, for unpaid Servicing Fees with
respect to such Mortgage Loan, subject to Section 3.08(d);
(vii) To reimburse the Company (or the Trustee, as
applicable) for any Nonrecoverable Advance in respect of
such Mortgage Pool (which right of reimbursement of the
Trustee pursuant to this clause shall be prior to such
right of the Company);
(viii) To make transfers of funds to the Certificate
Account pursuant to Section 3.02(d); and
(ix) To deduct any amounts credited to the related
Mortgage Loan Payment Record in error.
The Company shall keep and maintain separate
accounting records, on a Mortgage Loan by Mortgage Loan basis,
for the purpose of accounting for debits to the related Mortgage
Loan Payment Record pursuant to clauses (i), (ii), (iv), (v) and
(vi) of this Section 3.04; provided, however, that it is
understood and agreed that the records of such accounting need
not be retained by the Company for a period longer than the five
most recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance
Policies. (a) The Company shall not take any action which would
result in non-coverage under any applicable Primary Insurance
Policy of any loss which, but for the actions of the Company,
would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full
force and effect each such Primary Insurance Policy until the
principal balance of
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the related Mortgage Note is 80% or less of the greater of (i)
the related Original Value and (ii) the then current value of the
property underlying the related Mortgage Note as evidenced by an
appraisal thereof satisfactory to the Company; provided, that no
such Primary Insurance Policy need be kept in effect if doing so
would violate applicable law. The Company shall not cancel or
refuse to renew any such Primary Insurance Policy applicable to a
Mortgage Loan that is in effect at the Closing Date and is
required to be kept in force hereunder unless the replacement
Primary Insurance Policy for such canceled or non-renewed policy
is maintained with an insurer whose claims-paying ability is
acceptable to each Rating Agency for mortgage pass-through
certificates having ratings equal to or better than the ratings
then assigned to the Certificates by such Rating Agency. The
Company agrees to effect the timely payment of the premium on
each Primary Insurance Policy, and such costs not otherwise
recoverable shall be recoverable by the Company from related
Insurance Proceeds and Liquidation Proceeds pursuant to Section
3.04.
(b) In connection with its activities as administrator
and servicer of the Mortgage Loans, the Company agrees to
present, on behalf of itself, the Trustee and the
Certificateholders, claims to the insurer under each Primary
Insurance Policy and, in this regard, to take such reasonable
action as shall be necessary to permit recovery under any Primary
Insurance Policy respecting a related defaulted Mortgage Loan. To
the extent provided in Section 3.02(b), any amounts collected by
the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage Loan
purchased by a related insurer) shall be credited to the
applicable Mortgage Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The
Company shall cause to be maintained for each Mortgage Loan other
than a Cooperative Loan hazard insurance with a standard
mortgagee clause and with extended coverage in an amount which is
at least equal to the maximum insurable value of the improvements
securing such Mortgage Loan from time to time or the principal
balance owing on such Mortgage Loan from time to time, whichever
is less. The Company shall also maintain on property (other than
Cooperative Apartments) acquired upon foreclosure, or by deed in
lieu of foreclosure, hazard insurance with extended coverage in
an amount which is at least equal to the lesser of (i) the
maximum insurable value from time to time of the improvements
which are a part of such property or (ii) the unpaid principal
balance of such Mortgage Loan at the time of such foreclosure or
deed in lieu of foreclosure plus accrued interest and the
good-faith estimate of the Company of related Liquidation
Expenses to be incurred in connection therewith. To the extent
provided in Section 3.02(b)(iv), amounts collected by the Company
under any such policies in respect of the Mortgage Loans shall be
credited to the applicable Mortgage Loan Payment Record. Such
costs shall be recoverable by the Company pursuant to Sections
3.03 and 3.04. In cases in which property
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securing any Mortgage Loan other than a Cooperative Loan is
located in a federally designated flood area, the hazard
insurance to be maintained for such Mortgage Loan shall include
flood insurance. All such flood insurance shall be in such
amounts as are required under applicable guidelines of FNMA. The
Company shall be under no obligation to require that any
Mortgagor maintain earthquake or other additional insurance and
shall be under no obligation itself to maintain any such
additional insurance on property acquired in respect of a
Mortgage Loan, other than pursuant to such applicable laws and
regulations as shall at any time be in force and as shall require
such additional insurance. If the Company shall obtain and
maintain a blanket policy insuring against hazard losses on all
of the Mortgage Loans (whether or not including Cooperative
Loans), it shall conclusively be deemed to have satisfied its
obligations as set forth in the first sentence of this Section
3.06, it being understood and agreed that such policy may contain
a deductible clause, in which case the Company shall, in the
event that there shall not have been maintained on the related
Mortgaged Property a policy complying with the first sentence of
this Section 3.06, and there shall have been a loss which would
have been covered by such policy, credit to the applicable
Mortgage Loan Payment Record the amount not otherwise payable
under the blanket policy because of such deductible clause.
Section 3.07. Assumption and Modification Agreements.
(a) In any case in which property subject to a Mortgage has been
or is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto, unless in
the reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant
to which such Person becomes liable under the Mortgage Note and
the Mortgagor remains liable thereon. In connection with any such
assumption and modification agreement, the Company shall apply
its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same 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
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term of such Mortgage Loan shall not be changed. Any fee
collected by the Company for entering into any such agreement
will be retained by the Company as additional servicing
compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company shall not be deemed to
be in default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage
Loans. (a) The Company shall foreclose upon or otherwise
comparably convert the ownership of Mortgaged Properties securing
such of the Mortgage Loans as come into and continue in default
and as to which no satisfactory arrangements can be made for
collection of delinquent payments pursuant to Section 3.02. In
connection with such foreclosure or other conversion the Company
shall, consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
Certificateholders of the related Certificate Group after
reimbursement to itself for such expenses and (ii) that such
expenses will be recoverable to it either through Liquidation
Proceeds or Insurance Proceeds. Notwithstanding the foregoing,
the Company shall not be entitled to recover legal expenses
incurred in connection with foreclosure proceedings where the
Mortgage Loan is reinstated and such foreclosure proceedings are
terminated prior to completion, other than sums received from the
Mortgagor for such expenses.
Notwithstanding anything to the contrary contained
herein, the Company shall be under no obligation to foreclose
upon or otherwise convert the ownership of any Mortgaged Property
which it believes may be contaminated with or affected by
hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on
the basis of a Phase I environmental assessment with respect to
the related Mortgaged Property. Neither the Trustee nor the
Company shall be liable to the 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
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the Trustee or its nominee on behalf of the Trust Fund takes
title to such Mortgaged Property, and thereafter such Mortgaged
Property is determined to be so contaminated or affected.
(b) In the event that title to any Mortgaged Property
is acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the Trust Fund. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage
Loan, such Mortgage Loan shall (except for purposes of Section
9.01) be considered to be an Outstanding Mortgage Loan until such
time as the Mortgaged Property shall be sold and such Mortgage
Loan becomes a Liquidated Mortgage Loan. Consistent with the
foregoing, for purposes of all calculations hereunder so long as
such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
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
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such period shall be extended by the time period permitted by
section 856(e)(3) of the Code. Notwithstanding any other
provision of this Agreement, no Mortgaged Property acquired by
the Trust Fund shall be rented (or allowed to continue to be
rented) or otherwise used for the production of income by or on
behalf of the Trust Fund or sold in such a manner or pursuant to
any terms that would (i) cause such Mortgaged Property to fail to
qualify at any time as "foreclosure property" within the meaning
of section 860G(a)(8) of the Code, (ii) subject the Trust Fund to
the imposition of any federal or state income taxes on "net
income from foreclosure property" with respect to such Mortgaged
Property within the meaning of section 860G(c) of the Code, or
(iii) cause the sale of such Mortgaged Property to result in the
receipt by the Trust Fund of any income from non-permitted assets
as described in section 860F(a)(2)(B) of the Code, unless the
Company has agreed to indemnify and hold harmless the Trust Fund
with respect to the imposition of any such taxes.
(d) Any collection of Insurance Proceeds or
Liquidation Proceeds will be applied in the following order of
priority: first, to reimburse the Company for any related
unreimbursed Liquidation Expenses and to reimburse the Company or
the Trustee, as applicable, for any related unreimbursed Monthly
Advances; second, to accrued and unpaid interest on the Mortgage
Loan at the Mortgage Rate from the date to which interest was
last paid or advanced to the Due Date prior to the Distribution
Date on which such amounts are to be distributed; and third, as a
recovery of principal of the Mortgage Loan. If the amount so
allocated to interest is less than the full amount of accrued and
unpaid interest due on such Mortgage Loan, the amount of such
recovery will be allocated among the Base Servicing Fee at the
Base Servicing Fee Rate, the Supplemental Servicing Fee at the
Supplemental Servicing Fee Rate and interest at the applicable
Remittance Rate in proportion to the amount of such accrued
interest which would have been allocated to each such category in
the absence of any shortfall. The resulting Interest Loss shall
be allocated among each such category in the same proportion as
described in the preceding sentence. The portion so allocated to
interest at the Remittance Rate shall be allocated to the
Certificates of the related Certificate Group for purposes of
making the allocation specified in the definition of Certificate
Interest Loss.
(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class 1-B5 Certificates
or the Class 2-B5 Certificates (provided that such form may be
revised to delete the option on the part of such Person to
purchase a defaulted Mortgage Loan as set forth in Section
2.02(f) thereof). Prior to entering into any such agreement with
any Person, the Company shall obtain a certification from such
Person to the effect that (i) such
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Person is not an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of the Trustee and (ii) such
Person will not purchase any Certificates if such purchase would
cause such Person to hold more than a ten percent interest in the
related Mortgage Pool, or in the Trust Fund. It is understood
that the right of the Company to be reimbursed for Monthly
Advances and Nonrecoverable Advances under this Agreement shall
not be affected in any way by the provisions of any such
agreement. The Trustee hereby agrees to perform such obligations
as may be expressly required of it pursuant to the provisions of
such agreement and to promptly notify each party to such
agreement if a Responsible Officer of the Trustee (with direct
responsibility for administration of this Agreement) becomes
aware of any discussions, plans or events that might lead to the
Trustee's becoming an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of any Person with which the
Company has entered into such agreement, provided that the
contents of any such notification shall be kept confidential by
the parties to such agreement. The Company agrees to promptly
notify the Trustee upon entering into any such agreement. In
addition, the Company shall provide the Trustee with such
information as may be necessary for the Trustee to perform its
obligations thereunder, including written instructions, clearly
identifying the source, amount and application of funds to be
deposited or withdrawn from the Collateral Fund (as defined in
such agreement). The Trustee shall provide the Company with such
information concerning credits and debits to the Collateral Fund
on account of income, gains and losses realized from Collateral
Fund Permitted Investments (as defined in such agreement), and
costs associated with the purchase and sale thereof, as the
Company may request in order to prepare the instructions
described in the preceding sentence.
In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter
into an agreement substantially in the form of Exhibit K hereto
with the Person that is the Holder of 100% of the Class 1-B4
Certificates or the Class 2-B4 Certificates, provided that (i)
such Person is also the Holder of 100% of the Class B5
Certificates of the related Certificate Group, (ii) such Person
shall have no rights under such agreement until the date on which
the Class Certificate Principal Balance of the Class B5
Certificates of the related Certificate Group has been reduced to
zero, and (iii) any rights of such Person under such agreement
shall terminate in the event that such Person transfers, directly
or indirectly, the Class B4 Certificates of such Certificate
Group to any other Person.
Section 3.09. Trustee to Cooperate; Release of
Mortgage Files. Upon the payment in full of any Mortgage Loan,
the Company will immediately notify the Trustee by a
certification (which certification shall include a statement to
the effect that all amounts received in connection with such
payment which are required to be credited to the applicable
Mortgage Loan Payment Record
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pursuant to Section 3.02 have been so credited) of a Servicing
Officer and shall request delivery to it of the Mortgage File. If
a Buydown Mortgage Loan is the subject of a Principal Prepayment
in full during the related Buydown Period, the related Buydown
Funds will be applied or returned to the Person entitled thereto
in accordance with the terms of such Buydown Mortgage Loan. Upon
receipt of such certification and request in form satisfactory to
the Trustee, the Trustee shall promptly, but in any event within
five Business Days, release the related Mortgage File to the
Company; provided, that the Trustee shall not be responsible for
any delay in the release of a Mortgage File resulting from acts
beyond its control, including without limitation, acts of God,
strikes, lockouts, riots, acts of war or terrorism, epidemics,
nationalization, governmental regulations imposed after the fact,
fire, communication line failures, computer viruses, power
failures, earthquakes or other disasters. Upon any such payment
in full, the Company is authorized to execute, pursuant to the
authorization contained in Section 3.01, an instrument of
satisfaction regarding such Mortgage, which instrument of
satisfaction shall be recorded by the Company if required by
applicable law and be delivered to the Person entitled thereto,
it being understood and agreed that no expenses incurred in
connection with such instrument of satisfaction shall be
reimbursed from amounts at the time credited to the applicable
Mortgage Loan Payment Record. From time to time and as
appropriate for the servicing or foreclosure of any Mortgage Loan
(including, without limitation, collection under any Primary
Insurance Policy), the Trustee shall, upon request of the Company
and delivery to the Trustee of a receipt signed by a Servicing
Officer, release the related Mortgage File to the Company and
shall execute such documents as shall be necessary to the
prosecution of any such proceedings. Such receipt shall obligate
the Company to return the Mortgage File to the Trustee when the
need therefor by the Company no longer exists unless the Mortgage
Loan shall be liquidated, in which case, upon receipt of a
certificate of a Servicing Officer similar to that hereinabove
specified, the receipt shall be released by the Trustee to the
Company.
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company. (a) As compensation for its
activities and obligations hereunder, the Company shall be
entitled to withhold and pay to itself out of each payment
received by it on account of interest on each Mortgage Loan
(including the portion of any Buydown Funds applied to the
related Buydown Mortgage Loan for the applicable period) an
amount equal to the Servicing Fee. The aggregate of the Servicing
Fees payable to the Company on any Distribution Date in respect
of the Mortgage Loans in a Mortgage Pool shall be reduced by the
amount of any Compensating Interest Payment in respect of such
Mortgage Pool for such Distribution Date. Additional servicing
compensation in the form of Prepayment Interest Excess,
assumption fees, modification fees, late payment charges,
interest income or gain with respect to amounts deposited
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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 each Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
covered by such statement, the aggregate of credits to each
Mortgage Loan Payment Record for each category of credit
specified in Section 3.02 and each category of debit specified in
Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 1999, an Officer's
Certificate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, the Company has fulfilled all its material
obligations under this Agreement throughout such year, or, if
there has been a default in the fulfillment of any such
obligation, specifying each such default known to such Officer
and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1999, the Company shall:
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(a) furnish to a firm of independent public
accountants (which may also render other services to the
Company) a statement substantially to the effect that the
Company has complied in all material respects with the
minimum servicing standards set forth in the Uniform Single
Attestation Program for Mortgage Bankers (the "Minimum
Servicing Standards") with respect to the mortgage loans in
the Company's servicing portfolio (which may exclude home
equity loans) or, if there has been material noncompliance
with such servicing standards, containing a description of
such noncompliance; and
(b) at its expense cause such firm of independent
public accountants to furnish a report to the Trustee
stating its opinion as to the Company's assertion contained
in the statement delivered pursuant to Section 3.13(a),
which opinion shall be based on an examination conducted by
such firm in accordance with the standards established by
the American Institute of Certified Public Accountants,
including examining, on a test basis, evidence about the
Company's compliance with the Minimum Servicing Standards.
Such opinion shall be to the effect that the Company has
complied in all material respects with the Minimum
Servicing Standards with respect to the mortgage loan
portfolio described in the Company's statement delivered
pursuant to Section 3.13(a) hereof or if there has been
material noncompliance with the Minimum Servicing
Standards, shall contain a description of such
noncompliance in accordance with applicable accounting
standards. In rendering such report, such firm may rely, as
to matters relating to direct servicing of Mortgage Loans
by any primary servicer, upon comparable reports of
independent public accountants with respect to such primary
servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the Trustee,
Certificateholders which are regulated insurance entities and the
applicable insurance regulatory agencies thereof, Certificate-
holders 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.
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Section 3.15. Maintenance of Certain Servicing
Policies. The Company shall during the term of its service as
servicer maintain in force (i) a policy or policies of insurance
covering errors and omissions in the performance of its
obligations as servicer hereunder and (ii) a fidelity bond in
respect of its officers, employees or agents. Each such policy or
policies and bond shall, together, comply with the requirements
from time to time of FNMA for persons performing servicing for
mortgage loans purchased by such association.
Section 3.16. Optional Purchase of Defaulted Mortgage
Loans. The Company shall have the right, but not the obligation,
to purchase any Defaulted Mortgage Loan for a price equal to the
Purchase Price therefor. Any such purchase shall be accomplished
as provided in Section 4.04(a) hereof.
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution
Date, the Trustee shall withdraw the Available Funds in respect
of Pool 1 from the Certificate Account and shall make
distributions to Holders of the Pool 1 Certificates as of the
preceding Record Date in the following order of priority, to the
extent of the remaining Available Funds in respect of Pool 1:
(i) to each Class of Pool 1 Senior Certificates (other
than any Class of Principal Only Certificates), the Accrued
Certificate Interest thereon for such Distribution Date;
provided, however, that any shortfall in available amounts
shall be allocated among such Classes in proportion to the
amount of Accrued Certificate Interest that would otherwise
be distributable thereon;
(ii) to each Class of Pool 1 Senior Certificates (other
than any Class of Principal Only Certificates), any related
Unpaid Class Interest Shortfall for such Distribution Date;
provided, however, that any shortfall in available amounts
shall be allocated among such Classes in proportion to the
Unpaid Class Interest Shortfall for each such Class (or
Component) on such Distribution Date;
(iii) to the Classes of Pool 1 Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently as follows:
(A) concurrently, to the Class 1-A6 Certificates
and the Class 1-A5 Certificates in respect of the
Class 1-A5B Component thereof, the Pool 1 Group II
Senior Principal Distribution Amount for such
Distribution Date,
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in proportion to their respective Class Certificate
Principal Balance or Component Principal Balance,
until the Class Certificate Principal Balance of such
Class and Component Principal Balance of such
Component have been reduced to zero;
(B) to the Pool 1 Group I Senior Certificates,
the Senior Optimal Principal Amount in respect of Pool
1 for such Distribution Date, as reduced by the Pool 1
Group II Senior Principal Distribution Amount
distributed pursuant to clause (A) above on such
Distribution Date, in the following order of priority:
(i) to the Class R Certificates, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(ii) to the Class 1-A1 Certificates, until
the Class Certificate Principal Balance thereof
has been reduced to zero;
(iii) concurrently, to the Class 1-A2
Certificates and the Class 1-A5 Certificates in
respect of the Class 1-A5A Component thereof, in
proportion to their respective Class Certificate
Principal Balance or Component Principal Balance,
until the Class Certificate Principal Balance of
such Class and Component Principal Balance of
such Component have each been reduced to zero;
and
(iv) concurrently, to the Class 1-A3 and
Class 1-A4 Certificates, in proportion to their
respective Class Certificate Principal Balances,
until the Class Certificate Principal Balances
thereof have each been reduced to zero; and
(C) to the Class 1-PO Certificates, the PO
Principal Distribution Amount for Pool 1 for such
Distribution Date, until the Class Certificate
Principal Balance thereof has been reduced to zero;
(iv) to the Class 1-PO Certificates, any related Class
PO Deferred Amount for such Distribution Date, up to an
amount not to exceed the Junior Optimal Principal Amount
for the Pool 1 Certificates for such Distribution Date,
until the Class Certificate Principal Balance of such Class
has been reduced to zero; provided, that any such amounts
distributed to the Class 1-PO Certificates pursuant to this
clause (iv) shall not reduce the Class Certificate
Principal Balance thereof;
(v) to the Class 1-M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
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(vi) to the Class 1-M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class 1-M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount for
the Pool 1 Certificates on such Distribution Date;
(viii) to the Class 1-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class 1-B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class 1-B1 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xi) to the Class 1-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class 1-B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class 1-B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xiv) to the Class 1-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class 1-B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class 1-B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
(xvii) to the Class 1-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class 1-B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class 1-B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date;
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(xx) to the Class 1-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class 1-B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class 1-B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 1 Certificates on such Distribution
Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(b) On each Distribution Date, the Trustee shall
withdraw the Available Funds in respect of Pool 2 from the
Certificate Account and shall make distributions to Holders of
the Pool 2 Certificates as of the preceding Record Date in the
following order of priority, to the extent of the remaining
Available Funds in respect of Pool 2:
(i) to each Class of Pool 2 Senior Certificates (other
than any Class of Principal Only Certificates), the Accrued
Certificate Interest thereon for such Distribution Date;
provided, however, that any shortfall in available amounts
shall be allocated among such Classes in proportion to the
amount of Accrued Certificate Interest that would otherwise
be distributable thereon;
(ii) to each Class of Pool 2 Senior Certificates (other
than any Class of Principal Only Certificates), any related
Unpaid Class Interest Shortfall for such Distribution Date;
provided, however, that any shortfall in available amounts
shall be allocated among such Classes in proportion to the
Unpaid Class Interest Shortfall for each such Class on such
Distribution Date;
(iii) to the Classes of Pool 2 Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently, as follows:
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(A) to the Class 2-A8 Certificates, the Pool 2
Group II Senior Principal Distribution Amount for such
Distribution Date, until the Class Certificate
Principal Balance of such Class has been reduced to
zero; and
(B) to the Pool 2 Group I Senior Certificates,
the Senior Optimal Principal Amount in respect of Pool
2 for such Distribution Date as reduced by the Pool 2
Group II Senior Principal Distribution Amount
distributed pursuant to clause (A) above on such
Distribution Date (such reduced amount, the "Pool 2
Group I Senior Principal Distribution Amount"), in the
following order of priority:
(i) concurrently, to the Class 2-A1, Class
2- A2 and Class 2-A3 Certificates,
10.1657043343%, 38.9229420298% and
50.9113536359%, respectively, of the Pool 2 Group
I Senior Principal Distribution Amount, until the
Class Certificate Principal Balance of the Class
2-A1 Certificates has been reduced to zero;
(ii) concurrently, to the Class 2-A2, Class
2- A3 and Class 2-A4 Certificates, 38.9229420298%,
50.9113536359% and 10.1657043343%, respectively,
of the remaining Pool 2 Group I Senior Principal
Distribution Amount, until the Class Certificate
Principal Balance of the Class 2-A2 Certificates
has been reduced to zero;
(iii) concurrently, to the Class 2-A3, Class
2-A4 and Class 2-A5 Certificates, in proportion
to their respective Class Certificate Principal
Balances, until the Class Certificate Principal
Balances thereof have each been reduced to zero;
and
(iv) concurrently, to the Class 2-A6 and
Class 2-A7 Certificates, in proportion to their
respective Class Certificate Principal Balances,
until the Class Certificate Principal Balances
thereof have each been reduced to zero; and
(B) to the Class 2-PO Certificates, the PO
Principal Distribution Amount for Pool 2 for such
Distribution Date, until the Class Certificate
Principal Balance thereof has been reduced to zero;
(iv) to the Class 2-PO Certificates, any related Class
PO Deferred Amount for such Distribution Date, up to an
amount not to exceed the Junior Optimal Principal Amount
for the Pool 2 Certificates for such Distribution Date,
until the Class
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Certificate Principal Balance of such Class has been
reduced to zero; provided, that any such amounts
distributed to the Class 2-PO Certificates pursuant to this
clause (iv) shall not reduce the Class Certificate
Principal Balance thereof;
(v) to the Class 2-M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class 2-M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class 2-M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Junior Optimal Principal Amount for
the Pool 2 Certificates on such Distribution Date;
(viii) to the Class 2-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class 2-B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class 2-B1 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xi) to the Class 2-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class 2-B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class 2-B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xiv) to the Class 2-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class 2-B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class 2-B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xvii) to the Class 2-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
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(xviii) to the Class 2-B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class 2-B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date;
(xx) to the Class 2-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class 2-B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class 2-B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Junior Optimal Principal
Amount for the Pool 2 Certificates on such Distribution
Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
(c) On each Distribution Date, the Trustee shall
distribute to the holder of the Class R Certificate any remaining
Available Funds in respect of either Mortgage Pool for such
Distribution Date after application of all amounts described in
clauses (a) and (b) of this Section 4.01, together with any
Unanticipated Recoveries in respect of either Mortgage Pool
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(g). Any distributions
pursuant to this clause (c) shall not reduce the Class
Certificate Principal Balance of the Class R Certificate.
(d) If on any Distribution Date the Class Certificate
Principal Balances of the Pool 1 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 1
Senior Certificates (other than the Class 1-PO Certificates)
pursuant to Section 4.01(a)(iii) for such Distribution Date and
each succeeding Distribution Date shall be allocated among such
Classes of Pool 1
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Senior Certificates, pro rata, on the basis of their respective
Class Certificate Principal Balances immediately prior to such
Distribution Date, regardless of the priorities and amounts set
forth in Section 4.01(a)(iii).
If on any Distribution Date the Class Certificate
Principal Balances of the Pool 2 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 2
Senior Certificates (other than the Class 2-PO Certificates)
pursuant to Section 4.01(b)(iii) for such Distribution Date and
each succeeding Distribution Date shall be allocated among such
Classes of Pool 2 Senior Certificates, pro rata, on the basis of
their respective Class Certificate Principal Balances immediately
prior to such Distribution Date, regardless of the priorities and
amounts set forth in Section 4.01(b)(iii).
(e) If on any Distribution Date (i) the Class
Certificate Principal Balance of a Class of Class M Certificates
or any Class of Class B Certificates for which the related
Prepayment Distribution Trigger was satisfied on such
Distribution Date is reduced to zero and (ii) amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
Junior Optimal Principal Amount for the related Certificate Group
remain undistributed on such Distribution Date after all amounts
otherwise distributable on such date pursuant to clauses (iv)
through (xxii) of Section 4.01(a), in the case of the Pool 1
Certificates, or Section 4.01(b), in the case of the Pool 2
Certificates, have been distributed, such amounts shall be
distributed on such Distribution Date to the remaining Classes of
Junior Certificates of such Certificate Group in order of
priority, such that no such distribution shall be made to any
Class of Junior Certificates while a prior such Class of the
related Certificate Group is outstanding.
(f) [Intentionally Omitted]
(g) In the event that in any calendar month the
Company recovers an amount (an "Unanticipated Recovery") in
respect of principal of a Mortgage Loan which had previously been
allocated as a Realized Loss to any Class of Certificates
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 of the related
Certificate Group entitled thereto in accordance with the
preceding sentence, subject to the remainder of
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this subsection (g). In the event that (i) any Unanticipated
Recovery remains undistributed in accordance with the preceding
sentence or (ii) the amount of an Unanticipated Recovery exceeds
the amount of the Realized Loss previously allocated to any
outstanding Classes with respect to the related Mortgage Loan, on
the applicable Distribution Date the Trustee shall distribute to
the holders of all outstanding Classes of the Certificates of the
related Certificate Group to which Realized Losses had previously
been allocated and not reimbursed their pro rata share
(determined as described below) of such excess in an amount not
to exceed the aggregate amount of any Realized Loss previously
allocated to such Class with respect to any other Mortgage Loan
that has not been recovered in accordance with the Section
4.01(g). Any distributions made pursuant to this Section 4.01(g)
shall not reduce the Class Certificate Principal Balance of the
related Certificate.
For purposes of the preceding paragraph, the share of
an Unanticipated Recovery allocable to any Class of Certificates
with respect to a Mortgage Loan shall be (i) with respect to a
Class of Class PO Certificates, based on the applicable PO
Percentage of the principal portion of the Realized Loss
previously allocated thereto with respect to such Mortgage Loan
(or all Mortgage Loans for purposes of the next to last sentence
of the preceding paragraph), and (ii) with respect to any other
Class of Certificates, based on its pro rata share (in proportion
to the Class Certificate Principal Balances thereof with respect
to such Distribution Date) of the applicable Non-PO Percentage of
the principal portion of any such Realized Loss previously
allocated with respect to such Mortgage Loan (or Loans);
provided, however, that (i) the share of an Unanticipated
Recovery allocable to a Class PO Certificate with respect to any
Mortgage Loan (or Loans) shall be reduced by the aggregate amount
previously distributed to such Class on account of the applicable
Class PO Deferred Amount in respect of such Mortgage Loan (or
Loans) and (ii) the amount by which the distributions to the
Class PO Certificates have been so reduced shall be distributed
to the Classes of Certificates of the related Certificate Group
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
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Trustee to the Certificateholders of record on the related Record
Date (other than as provided in Section 9.01 respecting the final
distribution) by check or money order mailed to a
Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to
the Trustee made not later than the applicable Record Date, by
wire transfer to a U.S. depository institution acceptable to the
Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry
Certificate shall be paid to the Depository, which shall credit
the amount of such distribution to the accounts of its Depository
Participants in accordance with its normal procedures. Each
Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to
each Financial Intermediary for which it acts as agent. Each
Financial Intermediary shall be responsible for disbursing funds
to the Certificate Owners that it represents. All such credits
and disbursements with respect to a Book-Entry Certificate are to
be made by the Depository and the Depository Participants in
accordance with the provisions of the applicable Certificates.
Neither the Trustee nor the Company shall have any responsibility
therefor except as otherwise provided by applicable law.
(c) The Trustee shall withhold or cause to be withheld
such amounts as it reasonably determines are required by the Code
(giving full effect to any exemptions from withholding and
related certifications required to be furnished by
Certificateholders or Certificate Owners and any reductions to
withholding by virtue of any bilateral tax treaties and any
applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the
amount required to be withheld for a distribution can be made
within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is (i) an
individual other than a citizen or resident of the United States,
(ii) a partnership, corporation or entity treated as a partnership
or corporation for U.S. federal income tax purposes not formed
under the laws of the United States, any state thereof or the
District of Columbia (unless, in the case of a partnership,
Treasury regulations provide otherwise), (iii) any 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.
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Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan in each
Mortgage Pool that occurred during the immediately preceding
calendar month.
(b) With respect to any Distribution Date, the
principal portion of each Realized Loss (other than any Excess
Loss) in respect of Pool 1 shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class 1-PO Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class 1-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 1-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 1-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 1-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class 1-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class 1-M Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; and
seventh, to the Classes of Pool 1 Senior
Certificates other than the Class 1-PO Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances; provided, that any such loss
allocated to any Class of Accrual Certificates (and
any Accrual Component) shall be allocated (subject to
Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class
Certificate Principal
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Balance (or Component Principal Balance) thereof on
the Closing Date (as reduced by any Realized Losses
previously allocated thereto).
With respect to any Distribution Date, the principal
portion of each Realized Loss (other than any Excess Loss) in
respect of Pool 2 shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class 2-PO Certificates until the Class Certificate
Principal Balance of such Class has been reduced to zero;
and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class 2-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 2-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 2-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 2-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class 2-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class 2-M Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; and
seventh, to the Classes of Pool 2 Senior
Certificates other than the Class 2-PO Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances; provided, that any such loss
allocated to any Class of Accrual Certificates (and
any Accrual Component) shall be allocated (subject to
Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof on the
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Closing Date (as reduced by any Realized Losses
previously allocated thereto).
(c) With respect to any Distribution Date, the
principal portion of any Excess Loss in respect of a Mortgage
Pool (other than Excess Bankruptcy Losses attributable to Debt
Service Reductions) shall be allocated as follows: (1) the
applicable PO Percentage of any such loss shall be allocated to
the Class 1-PO Certificates, in the case of Pool 1, and to the
Class 2-PO Certificates, in the case of Pool 2, and (2) the
applicable Non-PO Percentage of any such loss shall be allocated
to each Class of Pool 1 Certificates other than the Class 1-PO
Certificates, in the case of Pool 1, and to each Class of Pool 2
Certificates other than the Class 2-PO Certificates, in the case
of Pool 2, pro rata, based on the respective Class Certificate
Principal Balances thereof; provided, that any such loss
allocated to any Class of Accrual Certificates (and any Accrual
Component) shall be allocated (subject to Section 4.03(d)) on the
basis of the lesser of (x) the Class Certificate Principal
Balance (or Component Principal Balance) thereof immediately
prior to the applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal Balance)
thereof on the Closing Date (as reduced by any Realized Losses
previously allocated thereto).
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. In addition, any
Realized Losses allocated to any Class of Component Certificates
on a Distribution Date shall be allocated in reduction of the
Component Principal Balances of the related Components (other
than any Notional Component) in proportion to their respective
Component Principal Balances immediately prior to such
Distribution Date. Any allocation of Realized Losses pursuant to
this paragraph (d) shall be accomplished by reducing the
Certificate Principal Balance (or, in the case of any Component,
the Component Principal Balance) of the related Certificates (or
Components) on the related Distribution Date in accordance with
Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses in respect of Pool 1 to be
allocated to the Class 1-PO Certificates on such Distribution
Date will be taken into account in determining distributions in
respect of any related Class PO Deferred Amount for such date,
and the aggregate amount of Realized Losses in respect of Pool 2
to be allocated to the Class 2-PO Certificates on such
Distribution Date will be taken into account in determining
distributions in respect of any related Class PO Deferred Amount
for such date.
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(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any,
for each Mortgage Pool. Any such Subordinate Certificate
Writedown Amount shall effect a corresponding reduction in the
Certificate Principal Balance of the Subordinate Certificates of
the related Certificate Group, which reduction shall occur on
such Distribution Date after giving effect to distributions made
on such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation
of the principal portion of any Realized Loss in respect of a
Mortgage Pool shall be made on a Distribution Date to a Class of
Certificates of the related Certificate Group to the extent that
such allocation would result in the reduction of the aggregate
Certificate Principal Balances of all the Certificates as of such
Distribution Date, after giving effect to all distributions and
prior allocations of Realized Losses in respect of such Mortgage
Pool on such date, to an amount less than the aggregate Scheduled
Principal Balance of the Mortgage Loans in the related Mortgage
Pool as of the first day of the month of such Distribution Date,
less any Deficient Valuations occurring on or prior to the
related Bankruptcy Coverage Termination Date (such limitation,
the related "Loss Allocation Limitation").
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine (i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date. If the Company so elects to
purchase any Defaulted Mortgage Loans (or is required to purchase
any Mortgage Loan pursuant to Section 2.02 or 2.03(a)), no
Monthly Advance shall be required with respect thereto for the
month in which such purchase occurs. The Company shall include
information as to each of such determinations in the Servicer's
Certificate furnished by it to the Trustee in accordance with
Section 4.06 and shall be obligated to transfer to the
Certificate Account pursuant to Section 3.02(d) on or before
11:00 a.m. New York time on the Business Day next preceding the
following Distribution Date in next-day funds the respective
amounts applicable to such determinations appearing in such
Servicer's Certificate. Upon receipt by the Trustee of written
notification signed by a Servicing Officer of any such deposit
relating to the purchase by the Company of such a Mortgage Loan,
the Trustee shall release to the Company the related Mortgage
File and shall execute and deliver such instruments of transfer
or assignment, in each case without recourse, as shall be
necessary to vest in the Company any Mortgage Loan released
pursuant hereto.
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(b) In the event that the Company transfers or expects
to transfer less than the Available Funds in respect of a
Mortgage Pool required to be deposited by it pursuant to Section
3.02(d), the Company shall so notify the Trustee no later than
9:00 a.m. on the Business Day preceding the related Distribution
Date, and the amount so transferred, if any, shall be deemed to
have been transferred first pursuant to clause (i) of the
definition of Available Funds for such Mortgage Pool, second
pursuant to clause (iii) of the definition of Available Funds for
such Mortgage Pool, and third pursuant to clause (ii) of the
definition of Available Funds for such Mortgage Pool. Such notice
shall specify each Mortgage Loan delinquent as of the preceding
Determination Date. In such event, the Trustee shall make any
Monthly Advance required to be made hereunder, in the manner and
to the extent required; provided, the Trustee shall not be so
obligated if prohibited by applicable law.
(c) In the event that the Company is succeeded
hereunder as servicer, the obligation to make Monthly Advances in
the manner and to the extent required by Section 4.04(a) shall be
assumed by the successor servicer (subject to Section 7.02).
Section 4.05. Statements to Certificateholders. Each
month, at least two Business Days prior to each Distribution
Date, the Company shall deliver to the Trustee for mailing to
each Cer-tificateholder, 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 of any Class of Accrual Certificates (or
the Component Principal Balance of any Accrual Component);
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(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of
distribution in respect of the Mortgage Loans and such
other customary information as the Company deems necessary
or desirable to enable Certificateholders to prepare their
tax returns;
(iv) The Pool Scheduled Principal Balance for each
Mortgage Pool and the aggregate number of the Mortgage
Loans in each Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to principal
made on such Distribution Date;
(v) The Class Certificate Principal Balance (or
Notional Principal Balance) of each Class, the Component
Principal Balance of each Component and the Certificate
Principal Balance (or Notional Principal Balance) of a
Single Certificate of each Class after giving effect to (i)
all distributions allocable to principal (or reductions in
the Notional Principal Balance, in the case of the Notional
Certificates, or the addition of any Accrual Amount, in the
case of any Class of Accrual Certificates or Accrual
Component) made on such Distribution Date and (ii) the
allocation of any Realized Losses and any Subordinate
Certificate Writedown Amount for such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of any
real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan, and the
number of the related Mortgage Loans, separately identified
as to each Mortgage Pool;
(viii) The aggregate Scheduled Principal Balances and
number of Mortgage Loans which, as of the close of business
on the last day of the month preceding the related
Distribution Date, were (a) delinquent as to a total of (x)
30-59 days, (y) 60-89 days and (z) 90 days or more, and (b)
in foreclosure, separately identified as to each Mortgage
Pool;
(ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b);
(x) The Certificate Interest Rates of any LIBOR
Certificates and any COFI Certificates applicable to the
Interest Accrual Period relating to such Distribution Date
and such Class;
(xi) The Senior Percentage and Junior Percentage for each
Certificate Group, the Pool 1 Group II Senior Percentage, the
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Pool 2 Group II Senior Percentage, the Pool 1 Group II Senior
Scheduled Distribution Percentage and the Pool 2 Group II
Senior Scheduled Distribution Percentage for such Distribution
Date;
(xii) The Senior Prepayment Percentage and Junior
Prepayment Percentage for each Certificate Group, the Pool
1 Group II Senior Prepayment Distribution Percentage and
the Pool 2 Group II Senior Prepayment Distribution
Percentage for such Distribution Date; and
(xiii) The amount of such distribution to the
Certificateholders of each Class allocable to Unanticipated
Recoveries.
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
pursuant to this Section 4.05(a) on previous Distribution Dates,
(ii) all certificates furnished to the Trustee pursuant to
Section 4.06 in prior months, (iii) Officer's Certificates
furnished to the Trustee pursuant to Section 3.12 for the two
years preceding such request, (iv) reports of independent
accountants furnished to the Trustee pursuant to Section 3.13 for
the two years preceding such request, (v) a copy of the Private
Placement Memorandum relating to such Certificate, together with
any amendments or supplements thereto issued by the Company
(which copy shall be furnished to the Trustee by the Company),
and (vi) the Company's Current Report on Form 8-K, dated the
Closing Date, relating to the Mortgage Loans; provided, however,
that the Trustee shall in no event be required to make available
such statements or certificates pursuant to clauses (i) and (ii)
above relating to Distribution Dates occurring more than
twenty-four months preceding the month in which such request was
received; provided, further, however, that notwithstanding the
Trustee's agreement as aforesaid to provide such materials to a
proposed transferee, the Trustee does not assume, and shall not
thereby be deemed to have assumed, any responsibility for
compliance by the Company with Rule 144A (subject to the
Trustee's agreement set forth in the second sentence of this
paragraph) and shall be entitled to include a notice with such
statements or certificates to the effect that such materials have
not been prepared or assembled by the Trustee and that the
Trustee assumes
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no responsibility for the adequacy, sufficiency or contents
thereof. In connection with any such proposed transfer, the
Company shall make available to the proposed holder, at the
request of the related transferor, such additional information,
if any, as may be required to be delivered pursuant to Rule
144A(d)(4).
Section 4.06. Servicer's Certificate. Each month, not
later than the second Business Day next preceding each
Distribution Date, the Company shall deliver to the Trustee a
completed Servicer's Certificate.
Section 4.07. Reports of Foreclosures and Abandonments
of Mortgaged Property. The Trustee (or the Company on behalf of
the Trustee) shall, in each year beginning after 1998, make the
reports of foreclosures and abandonments of any Mortgaged
Property as required by section 6050J of the Code. In order to
facilitate this reporting process, the Company, on or before
January 15th of each year, shall provide to the Trustee reports
relating to each instance occurring during the previous calendar
year in which the Company (i) on behalf of the Trustee acquires
an interest in a Mortgaged Property through foreclosure or other
comparable conversion in full or partial satisfaction of a
Mortgage Loan, or (ii) knows or has reason to know that a
Mortgaged Property has been abandoned. Reports from the Company
shall be in form and substance sufficient to meet the reporting
requirements imposed by section 6050J of the Code.
Section 4.08. Reduction of Servicing Fees by
Compensating Interest Payments. The aggregate amount of the Base
Servicing Fees subject to retention by the Company as servicer in
respect of any Distribution Date and either Mortgage Pool shall
be reduced by the amount of any Compensating Interest Payment for
such Distribution Date and such Mortgage Pool.
Section 4.09. Surety Bond. (a) If a Required Surety
Payment is payable pursuant to the Surety Bond with respect to
any Pledged Asset Mortgage Loan, the Company shall so notify the
Trustee as soon as reasonably practicable and shall, on behalf of
the Trustee for the benefit of the related Certificateholders,
promptly complete the notice in the form of Attachment 1 to the
Surety Bond and shall promptly submit such notice to the Surety
as a claim for a Required Surety Payment.
(b) Upon receipt of a Required Surety Payment from the
Surety on behalf of the Certificateholders, the Company shall
promptly credit the Mortgage Loan Payment Record and shall
distribute such Required Surety Payment, or the proceeds thereof,
in accordance with the provisions of Section 4.01.
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ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates. (a) The Certificates
shall be substantially in the forms set forth in Exhibit A
hereto, as applicable, and shall, on original issue, be executed
by the Trustee, not in its individual capacity but solely as
Trustee, and countersigned and delivered by the Trustee to or
upon the order of the Company as provided in Article II.
(b) The Certificates shall be issued in an aggregate
Initial Certificate Principal Balance of $529,237,766.61. 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:
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Initial
Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
- ----------- ----------- ----------- -------------
Class 1-A1 $129,136,000.00 6.750% $ 25,000
Class 1-A2 32,504,000.00 6.750 25,000
Class 1-A3 8,050,050.00 (1) 25,000
Class 1-A4 2,683,350.00 (1) 25,000
Class 1-A5 4,100,000.00 6.750 25,000
Class 1-A6 18,080,000.00 6.750 25,000
Class 1-PO 181,866.65 0.000 (2)
Class 1-M 3,753,000.00 6.750 100,000
Class 1-B1 1,623,000.00 6.750 100,000
Class 1-B2 913,000.00 6.750 100,000
Class 1-B3 811,000.00 6.750 250,000
Class 1-B4 405,700.00 6.750 250,000
Class 1-B5 608,284.90 6.750 250,000
Class 2-A1 3,250,000.00 6.750 25,000
Class 2-A2 80,195,000.00 6.750 25,000
Class 2-A3 126,000,000.00 6.750 25,000
Class 2-A4 21,909,000.00 6.750 25,000
Class 2-A5 16,135,000.00 6.750 1,000
Class 2-A6 24,879,000.00 (1) 25,000
Class 2-A7 8,293,000.00 (1) 25,000
Class 2-A8 32,500,000.00 6.750 25,000
Class 2-PO 171,871.97 0.000 (2)
Class 2-M 6,038,000.00 6.750 100,000
Class 2-B1 2,611,000.00 6.750 100,000
Class 2-B2 1,469,000.00 6.750 100,000
Class 2-B3 1,305,500.00 6.750 250,000
Class 2-B4 652,750.00 6.750 250,000
Class 2-B5 979,293.09 6.750 250,000
Class R 100.00 6.750 100
- -------------------
(1) The Certificate Interest Rates of the Class 1-A3, Class
1-A4, Class 2-A6 and Class 2-A7 Certificates for each
Interest Accrual Period shall be determined as provided in
Section 5.01(e).
(2) Each of the Class 1-PO and Class 2-PO Certificates will be
issued as a single certificate evidencing the entire Class
Certificate Principal Balance of such Class.
(c) The Certificates shall be issuable in registered
form only. The Book-Entry Certificates will be evidenced by one
or more certificates, beneficial ownership of which will be held
in the minimum dollar denominations in Certificate Principal
Balance or Notional Principal Balance, as applicable, specified
in Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The
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Non-Book-Entry Certificates other than the Residual Certificate
shall each be issued in the minimum dollar denominations in
Certificate Principal Balance or Notional Principal Balance, as
applicable, specified in Section 5.01(b), and integral multiples
of $1,000 in excess thereof (and, if necessary, in the amount of
the remaining Class Certificate Principal Balance or Notional
Principal Balance, as applicable, of each Class, in the case of
one Certificate of such Class). The Residual Certificate shall be
issued as a single certificate evidencing the entire Class
Certificate Principal Balance of such Class and having a
Percentage Interest of 100%. If necessary, one Certificate of
each Class of Book-Entry Certificates may evidence an additional
amount equal to the remainder of the Class Certificate Principal
Balance (or Notional Principal Balance) of such Class.
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) During the first Interest Accrual Period, the
Certificate Interest Rate of the Class 1-A3 Certificates shall be
6.4250% per annum. For each subsequent Interest Accrual Period,
the Certificate Interest Rate of the Class 1-A3 Certificates
shall be a per annum rate equal to the lesser of (i) 0.80% plus
LIBOR and (ii) 9.00%, subject to a minimum rate of 0.80%.
During the first Interest Accrual Period, the Certificate
Interest Rate of the Class 1-A4 Certificates shall be 7.7250% per
annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class 1-A4 Certificates shall be
a per annum rate equal to the lesser of (i) 24.60% minus the
product of 3.0 and LIBOR, and (ii) 24.60%, subject to a minimum
rate of 0.0%.
During the first Interest Accrual Period, the Certificate
Interest Rate of the Class 2-A6 Certificates shall be 6.4250% per
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annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class 2-A6 Certificates shall be
a per annum rate equal to the lesser of (i) 0.80% plus LIBOR and
(ii) 9.00%, subject to a minimum rate of 0.80%.
During the first Interest Accrual Period, the Certificate
Interest Rate of the Class 2-A7 Certificates shall be 7.7250% per
annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class 2-A7 Certificates shall be
a per annum rate equal to the lesser of (i) 24.60% minus the
product of 3.00 and LIBOR, and (ii) 24.60%, subject to a minimum
of 0.0%.
Section 5.02. Registration of Transfer and Exchange of
Certificates. (a) The Trustee shall cause to be kept at an office
or agency in the city in which the Corporate Trust Office of the
Trustee is located or in the City of New York, New York a
Certificate Register in which, subject to such reasonable
regulations as it may prescribe, the Trustee shall provide for
the registration of Certificates and of transfers and exchanges
of Certificates as herein provided. The Trustee shall initially
serve as Certificate Registrar for the purpose of registering
Certificates and transfers and exchanges of Certificates as
herein provided.
Subject to Sections 5.02(b) and 5.02(c), upon
surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Trustee shall execute, authenticate
and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of the same Class in
authorized denominations of a like Percentage Interest.
At the option of a Certificateholder, Certificates may
be exchanged for other Certificates of authorized denominations
of a like Class and Percentage Interest, upon surrender of the
Certificates to be exchanged at any such office or agency.
Whenever any Certificates are so surrendered for exchange the
Trustee shall execute, countersign and deliver the Certificates
which the Certificateholder making the exchange is entitled to
receive. Every Certificate presented or surrendered for
registration of transfer or exchange shall be accompanied by a
written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing.
No service charge shall be made for any registration
of transfer or exchange of Certificates, but the Trustee may
require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any
transfer or exchange of Certificates.
All Certificates surrendered for registration of transfer
and exchange shall be canceled and subsequently destroyed by the
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Trustee and a certificate of destruction shall be delivered by
the Trustee to the Company.
(b) No legal or beneficial interest in all or any
portion of the Residual Certificates may be transferred directly
or indirectly to (i) a Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
hereto, signed by the transferee, to the effect that the
transferee is not such a Disqualified Organization, an agent
(including a broker, nominee, or middleman) for any entity as to
which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign
Holder, which affidavit shall contain the consent of the
transferee to any such amendments of this Agreement as may be
required to further effectuate the foregoing restrictions on
transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
G hereto. Such affidavit shall also contain the statement of the
transferee that (i) it does not have the intention to impede the
assessment or collection of any federal, state or local taxes
legally required to be paid with respect to the Residual
Certificates and (ii) it understands that it may incur tax
liabilities in excess of cash flows generated by a Residual
Certificate and that it intends to pay taxes associated with
holding a Residual Certificate as they become due.
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The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
Residual Certificates, shall be accompanied by a written
statement in the form attached as Exhibit G hereto, signed by the
transferor, to the effect that as of the time of the transfer,
the transferor has (i) no actual knowledge that the transferee is
a Disqualified Organization, Book-Entry Nominee or Non-permitted
Foreign Holder, (ii) no reason to believe that the transferee has
the intention to impede the assessment or collection of any
federal, state or local taxes legally required to be paid with
respect to a Residual Certificate, and (iii) conducted a
reasonable investigation and found that the transferee had
historically paid its debts as they came due and found no
significant evidence to indicate that the transferee will not
continue to pay its debts as they become due. The Residual
Certificates shall bear a legend referring to the foregoing
restrictions contained in this paragraph and the preceding
paragraph.
Upon notice to the Company that any legal or
beneficial interest in any portion of the Residual Certificates
has been transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
such transferee shall be deemed to hold the Residual Certificate
in constructive trust for the last transferor who was not a
Disqualified Organization or agent thereof, and such transferor
shall be restored as the owner of such Residual Certificate as
completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any
distributions made to such transferee with respect to the
Residual Certificate and return such recovery to the transferor,
and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of the Residual Certificate or such
agent (within 60 days of the request therefor by the transferor
or agent) such information necessary to the application of
section 860E(e) of the Code as may be required by the Code,
including but not limited to the present value of the total
anticipated excess inclusions with respect to the Residual
Certificate (or portion thereof) for periods after such transfer.
At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause the
REMIC established hereunder to fail to qualify as a REMIC at any
time that the Certificates are outstanding.
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No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and automatically upon
exchange or registration of transfer thereof. As a condition to
any transfer that is to be made in reliance upon an exemption
from the Act and such laws of a (i) Class PO Certificate or (ii)
Restricted Junior Certificate to any person other than a QIB (as
certified by the proposed transferee in the form of assignment
attached to the related Certificate), either (x) the Trustee
shall require the transferee to execute an investment letter in
the form substantially as set forth in Exhibit I hereto or in
such other form as may be acceptable to the Trustee, certifying
as to the facts surrounding such transfer, or (y) in lieu of such
investment letter, the Trustee may accept a written Opinion of
Counsel (in form and substance acceptable to the Trustee) that
such proposed transfer may be made pursuant to an exemption from
the Act. As an additional condition to any transfer of a
Restricted Certificate, either (i) the transferor and the
transferee shall complete the form of assignment attached to the
Certificate proposed to be transferred, or (ii) the Trustee shall
have received the above-referenced Opinion of Counsel. The holder
of any Restricted Certificate desiring to effect the transfer
thereof to a person other than a QIB shall, and hereby agrees to,
comply with any applicable conditions set forth in the preceding
two sentences and indemnify the Trustee and the Company against
any liability that may result if the transfer thereof is not so
exempt or is not made in accordance with such federal and state
laws. Such agreement to so indemnify the Trustee and the Company
shall survive the termination of this Agreement. Notwithstanding
the foregoing, no Opinion of Counsel or investment letter shall
be required upon the original issuance of (i) the Restricted
Junior Certificates to the Initial Purchaser (as defined in the
related Private Placement Memorandum) or its nominee and (ii) the
Class PO Certificates to the Company or upon any subsequent
transfer of any Class PO Certificate by the Company, provided
that if any Restricted Junior Certificates are, at the request of
the Initial Purchaser, registered in the name of its nominee, the
Initial Purchaser shall be deemed to acknowledge and agree with
the Company and the Trustee that no transfer of a beneficial
interest in such Certificates will be made without registering
such Certificates in the name of the transferee, which shall be a
Person other than such nominee. Any opinion or letter required
pursuant to this paragraph shall not be at the expense of the
Trust Fund or the Trustee.
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(c) (i) No transfer of an ERISA-Restricted Certificate
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (A) a certificate
(substantially in the form of Exhibit E or such other form as is
acceptable to the Company and the Trustee) from such transferee
to the effect that such transferee (i) is not a Plan or a Person
that is using the assets of a Plan to acquire such
ERISA-Restricted Certificate or (ii) is an insurance company
investing assets of its general account and the exemptions
provided by Section III(a) of Department of Labor Prohibited
Transaction Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12,
1995) (the "Exemptions") apply to the transferee's acquisition
and holding of any ERISA-Restricted Certificate or (B) an opinion
of counsel satisfactory to the Trustee and the Company to the
effect that the purchase and holding of such a Certificate will
not constitute or result in the assets of the Trust Fund being
deemed to be "plan assets" subject to the prohibited transactions
provisions of ERISA or Section 4975 of the Code and will not
subject the Trustee or the Company to any obligation in addition
to those undertaken in the Agreement; provided, however, that the
Trustee will not require such certificate or opinion in the event
that, as a result of a change of law or otherwise, counsel
satisfactory to the Trustee has rendered an opinion to the effect
that the purchase and holding of an ERISA-Restricted Certificate
by a Plan or a Person that is purchasing or holding such a
Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975 of
the Code. The preparation and delivery of the certificate and
opinions referred to above shall not be an expense of the Trust
Fund, the Trustee or the Company. Notwithstanding the foregoing,
no opinion or certificate shall be required for the initial
issuance of the ERISA-Restricted Certificates.
(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
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any Class of Book-Entry Certificates that is transferred to an
entity other than a QIB, the Book-Entry Certificates shall,
subject to Section 5.02(f), at all times remain registered in the
name of the Depository or its nominee and at all times: (i)
registration thereof may not be transferred by the Trustee except
to another Depository; (ii) the Depository shall maintain
book-entry records with respect to the Certificate Owners and
with respect to ownership and transfers of such Certificates;
(iii) ownership and transfers of registration of the Certificates
issued in book-entry form on the books of the Depository shall be
governed by applicable rules established by the Depository and
the rights of Certificate Owners with respect to Book-Entry
Certificates shall be governed by applicable law and agreements
between such Certificate Owners and the Depository, Depository
Participants, and indirect participating firms; (iv) the
Depository may collect its usual and customary fees, charges and
expenses from its Depository Participants; (v) the Trustee shall
deal with the Depository, Depository Participants and indirect
participating firms as authorized representatives of the
Certificate Owners of the Certificates issued in book-entry form
for all purposes including the making of payments due on the
Book-Entry Certificates and exercising the rights of Holders
under this Agreement, and requests and directions for and votes
of such representatives shall not be deemed to be inconsistent if
they are made with respect to different Certificate Owners; (vi)
the Trustee may rely and shall be fully protected in relying upon
information furnished by the Depository with respect to its
Depository Participants and furnished by the Depository
Participants with respect to indirect participating firms and
persons shown on the books of such indirect participating firms
as direct or indirect Certificate Owners; (vii) Certificate
Owners shall not be entitled to certificates for the Book-Entry
Certificates and (viii) the Trustee may establish a reasonable
record date in connection with solicitations of consents from or
voting by Certificateholders and give notice to the Depository of
such record date.
All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
except in the event of the failure of the Trustee to perform its
duties and fulfill its obligations under this Agreement.
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(f) If (x)(i) the Company or the Depository advises
the Trustee in writing that the Depository is no longer willing,
qualified or able to properly discharge its responsibilities as
Depository, and (ii) the Trustee or the Company is unable to
locate a qualified successor, (y) the Company at its option
advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (z) after the
occurrence of an Event of Default, 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
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USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
inasmuch as the registered owner hereof, Cede & Co., has an
interest herein."
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
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
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Days after the receipt of such application, afford such
applicants access during normal business hours to the most recent
list of Certificateholders held by the Trustee. If such list is
as of a date more than 90 days prior to the date of receipt of
such applicants' request, the Trustee shall promptly request
from the Certificate Registrar a current list as provided above,
and shall afford such applicants access to such list promptly
upon receipt. Every Certificateholder, by receiving and holding a
Certificate, agrees with the Certificate Registrar and the
Trustee that neither the Certificate Registrar nor the Trustee
shall be held accountable by reason of the disclosure of any such
information as to the names and addresses of the Certificateholders
hereunder, regardless of the source from which such information
was derived.
Section 5.06. Representation of Certain
Certificateholders. The fiduciary of any Plan which becomes a
Holder of a Certificate, by virtue of its acceptance of such
Certificate, will be deemed to have represented and warranted to
the Trustee and the Company that such Plan is an "accredited
investor" as defined in Rule 501(a)(1) of Regulation D
promulgated by the Securities and Exchange Commission under the
Securities Act of 1933.
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
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determines to reflect fairly the long-term difference between
COFI and the alternative index, and shall adjust the alternative
index by such average. The Company shall select a particular
index as an alternative only if it receives an Opinion of Counsel
to the effect that the selection of such index will not cause any
REMIC established hereunder to fail to qualify as a REMIC for
federal income tax purposes. In the absence of manifest error,
the selection of any alternative index as provided by this
Section 5.07(b) shall be final and binding for each subsequent
Interest Accrual Period. Upon the occurrence of an Alternative
Rate Event, the Trustee shall have no responsibility for the
determination of any alternative index or the calculation of the
Certificate Interest Rates for the COFI Certificates.
(c) If at any time after the occurrence of an
Alternative Rate Event the Federal Home Loan Bank of San
Francisco resumes publication of COFI, the Certificate Interest
Rates for the COFI Certificates for each Interest Accrual Period
commencing thereafter will be calculated by reference to COFI.
Section 5.08. Determination of LIBOR. (a) If the
outstanding Certificates include any LIBOR Certificates, then on
each LIBOR Determination Date the Trustee shall determine LIBOR
for the related Interest Accrual Period as such rate equal to the
Interest Settlement Rate. If such rate does not appear on the
Designated Telerate Page as of 11:00 a.m., London time, on the
applicable LIBOR Determination Date:
(i) The Trustee will request the principal London
office of each Reference Bank (as defined in Section
5.08(e)) to provide such bank's offered quotation
(expressed as a percentage per annum) to prime banks in the
London interbank market for one-month U.S. Dollar deposits
as of 11:00 a.m., London time, on the applicable LIBOR
Determination Date.
(ii) If on any LIBOR Determination Date, two or more of
the Reference Banks provide such offered quotations, LIBOR
for the next Interest Accrual Period will be the arithmetic
mean of such offered quotations (rounding such arithmetic
mean upwards, if necessary, to the nearest whole multiple
of 1/16%). If on any LIBOR Determination Date only one or
none of the Reference Banks provide such offered
quotations, LIBOR for the next Interest Accrual Period will
be the rate per annum the Trustee determines to be the
arithmetic mean (rounding such arithmetic mean upwards, if
necessary, to the nearest whole multiple of 1/16%) of the
one-month Eurodollar lending rate that three major banks in
New York City selected by the Trustee are quoting as of
approximately 11:00 a.m., New York City time, on the first
day of the applicable Interest Accrual Period.
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(iii) If on any LIBOR Determination Date (or, if
applicable pursuant to clause (a)(ii) above, the first day
of the applicable Interest Accrual Period) the Trustee is
required but unable to determine LIBOR in the manner
provided in subparagraph (ii) of this section 5.08(a),
LIBOR for the next Interest Accrual Period will be LIBOR as
determined on the previous LIBOR Determination Date (or, if
applicable pursuant to clause (a)(ii) above, the first day
of the applicable Interest Accrual Period), or, in the case
of the first LIBOR Determination Date, the Initial LIBOR
Rate.
(b) The establishment of LIBOR by the Trustee and the
Trustee's subsequent calculation of the Certificate Interest
Rates applicable to the LIBOR Certificates for the relevant
Interest Accrual Period, in the absence of manifest error, will
be final and binding.
(c) Within five Business Days of the Trustee's
calculation of the Certificate Interest Rates of the LIBOR
Certificates, the Trustee shall furnish to the Company by
telecopy (or by such other means as the Trustee and the Company
may agree from time to time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders
who inquire of it by telephone the Certificate Interest Rates of
the LIBOR Certificates for the current and immediately preceding
Interest Accrual Period.
(e) As used herein, "Reference Banks" shall mean no
more than four leading banks engaged in transactions in
Eurodollar deposits in the international Eurocurrency market (i)
with an established place of business in London, England, (ii)
whose quotations appear on the display designated "LIBO" on the
Reuters Monitor Money Rates Service (the "Reuters Screen LIBO
Page") on the applicable LIBOR Determination Date and (iii) which
have been designated as such by the Trustee and are able and
willing to provide such quotations to the Trustee on each LIBOR
Determination Date. The Reference Banks initially shall be:
Barclay's plc, Bank of Tokyo, National Westminster Bank and Trust
Company and Bankers Trust Company. If any of the initial
Reference Banks should be removed from the Reuters Screen LIBO
Page or in any other way fail to meet the qualifications of a
Reference Bank, or if such page is no longer published, the
Trustee, after consultation with the Company, shall use its best
efforts to designate alternate Reference Banks.
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ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company. The Company
shall be liable in accordance herewith only to the extent of the
obligations specifically imposed upon and undertaken by the
Company herein.
Section 6.02. Merger or Consolidation of, or
Assumption of the Obligations of, the Company. Any corporation
into which the Company may be merged or consolidated, or any
corporation resulting from any merger, conversion or
consolidation to which the Company shall be a party, or any
corporation succeeding to the business of the Company, or any
corporation, more than 50% of the voting stock of which is,
directly or indirectly, owned by General Electric Company, or any
limited partnership, the sole general partner of which is either
the Company or a corporation, more than 50% of the voting stock
of which is owned, directly or indirectly, by General Electric
Company, which executes an agreement of assumption to perform
every obligation of the Company hereunder, shall be the successor
of the Company hereunder, without the execution or filing of any
paper or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its
rights and delegate its duties and obligations as servicer under
this Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company
and Others. Neither the Company nor any of the directors or
officers or employees or agents of the Company shall be under any
liability to 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
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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 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
applicable Mortgage Loan Payment Record as provided by Section
3.04.
Section 6.05. The Company Not to Resign. Subject to
the provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
ARTICLE VII
DEFAULT
Section 7.01. Events of Default. If any one of the
following events ("Events of Default") shall occur and be
continuing:
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(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
(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
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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
either Mortgage Loan Payment Record, or that have been deposited
by the Company in the Certificate Account or are thereafter
received by the Company with respect to the Mortgage Loans. In
addition to any other amounts which are then, or, notwithstanding
the termination of its activities as servicer, may become,
payable to the Company under this Agreement, the Company shall be
entitled to receive out of any delinquent payment on account of
interest on a Mortgage Loan, due during the period prior to the
notice pursuant to this Section 7.01 which terminates the
obligation and rights of the Company hereunder and received after
such notice, that portion of such payment which it would have
been entitled to retain pursuant to Section 3.04(vi) if such
notice had not been given.
Section 7.02. Trustee to Act; Appointment of
Successor. (a) On and after the time the Company receives a
notice of termination pursuant to Section 7.01, the Trustee shall
be the successor in all respects to the Company in its capacity
as servicer under this Agreement and the transactions set forth
or provided for herein and shall succeed to all the rights of and
be subject to all the responsibilities, duties and liabilities
relating thereto placed on the Company in its capacity as
servicer by the terms and provisions hereof; provided, however,
that the responsibilities and duties of the Company pursuant to
Sections 2.02 and 2.03(a) and, if the Trustee is prohibited by
law or regulation from making Monthly Advances, the
responsibility to make Monthly Advances pursuant to Section 4.04,
shall not be the responsibilities, duties or obligations of the
Trustee; and provided further, that any failure of the Trustee to
perform such duties and responsibilities that is caused by the
Company's failure to cooperate with the Trustee as required by
Section 7.01 shall not be considered a default by the Trustee
hereunder. As compensation therefor, the Trustee shall, except as
provided in Section 7.01, be entitled to such compensation as the
Company would have been
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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.
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
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other instruments furnished to the Trustee which are specifically
required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they conform
to the requirements of this Agreement.
No provision of this Agreement shall be construed to
relieve the Trustee from liability for its own negligent action,
its own negligent failure to act or its own misconduct; provided,
however, that:
(i) Prior to the occurrence of an Event of Default,
and after the curing of all such Events of Default which
may have occurred, the duties and obligations of the
Trustee shall be determined solely by the express
provisions of this Agreement, the Trustee shall not be
liable except for the performance of such duties and
obligations as are specifically set forth in this
Agreement, no implied covenants or obligations shall be
read into this Agreement against the Trustee and, in the
absence of bad faith on the part of the Trustee, the
Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed
therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this
Agreement;
(ii) The Trustee shall not be personally liable for an
error of judgment made in good faith by a Responsible
Officer of the Trustee, unless it shall be proved that the
Trustee was negligent in performing its duties in
accordance with the terms of this Agreement;
(iii) The Trustee shall not be personally liable with
respect to any action taken, suffered or omitted to be
taken by it in good faith in accordance with the direction
of the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%, relating to the
time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or
power conferred upon the Trustee, under this Agreement; and
(iv) The Trustee shall not be charged with knowledge of
(A) any failure by the Company to comply with the
obligations of the Company referred to in clauses (i) and
(ii) of Section 7.01, (B) the rating downgrade referred to
in the definition of "Trigger Event" or (C) any failure by
the Company to comply with the obligations of the Company
to record the assignments of Mortgages referred to in
Section 2.01 unless a Responsible Officer of the Trustee at
the Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee receives
written notice of such failures, occurrence or downgrade
from the Company or the Holders of Certificates of each
Class affected thereby evidencing, as to
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each such Class, Percentage Interests aggregating not less
than 25%.
Subject to any obligation of the Trustee to make
Monthly Advances as provided herein, the Trustee shall not be
required to expend or risk its own funds or otherwise incur
financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if
there is reasonable ground for believing that the repayment of
such funds or adequate indemnity against such risk or liability
is not reasonably assured to it, and none of the provisions
contained in this Agreement shall in any event require the
Trustee to perform, or be responsible for the manner of
performance of, any of the obligations of the Company under this
Agreement, except during such time, if any, as the Trustee shall
be the successor to, and be vested with the rights, duties,
powers and privileges of, the Company in accordance with the
terms of this Agreement.
Section 8.02. Certain Matters Affecting the Trustee.
Except as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any
resolution, Officer's Certificate, certificate of auditors
or any other certificate, statement, instrument, opinion,
report, notice, request, consent, order, appraisal, bond or
other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or
parties;
(ii) The Trustee may consult with counsel and any
Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken or suffered
or omitted by it hereunder in good faith and in accordance
with such Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this
Agreement, or to institute, conduct or defend any
litigation hereunder or in relation hereto, at the request,
order or direction of any of the Certificateholders,
pursuant to the provisions of this Agreement, unless such
Certificateholders shall have offered to the Trustee
reasonable security or indemnity against the costs,
expenses and liabilities which may be incurred therein or
thereby; nothing contained herein shall, however, relieve
the Trustee of the obligations, upon the occurrence of an
Event of Default (which has not been cured), to exercise
such of the rights and powers vested in it by this
Agreement, and to use the same degree of care and skill in
their exercise as a prudent person would exercise or use
under the circumstances in the conduct of his or her own
affairs;
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(iv) The Trustee shall not be personally liable for any
action taken, suffered or omitted by it in good faith and
believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Agreement;
(v) Prior to the occurrence of an Event of Default and
after the curing of all Events of Default which may have
occurred, the Trustee shall not be bound to make any
investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion,
report, notice, request, consent, order, approval, bond or
other paper or documents, unless requested in writing so to
do by Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%; provided, however,
that if the payment within a reasonable time to the Trustee
of the costs, expenses or liabilities likely to be incurred
by it in the making of such investigation is, in the
opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this
Agreement, the Trustee may require reasonable indemnity
against such cost, expense or liability as a condition to
such proceeding. The reasonable expense of every such
investigation shall be paid by the Company or, if paid by
the Trustee, shall be reimbursed by the Company upon
demand. Nothing in this clause (v) shall derogate from the
obligation of the Company to observe any applicable law
prohibiting disclosure of information regarding the
Mortgagors; and
(vi) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys or a
custodian.
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans. The recitals contained herein and in the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) or of any Mortgage Loan or
related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or
of the proceeds of such Certificates, or for the use or
application of any funds paid to the Company in respect of the
Mortgage Loans or deposited in or withdrawn from the Certificate
Account by the Company.
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.
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Section 8.05. The Company to Pay Trustee's Fees and
Expenses. The Company covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to,
reasonable compensation (which shall not be limited by any
provision of law in regard to the compensation of a trustee of an
express trust) for all services rendered by it in the execution
of the trusts hereby created and in the exercise and performance
of any of the powers and duties hereunder of the Trustee, and the
Company will pay or reimburse the Trustee upon its request for
all reasonable expenses, disbursements and advances (including
any Monthly Advances of the Trustee not previously reimbursed
thereto pursuant to Section 3.04) incurred or made by the Trustee
in accordance with any of the provisions of this Agreement
(including the reasonable compensation and the expenses and
disbursements of its counsel and of all persons not regularly in
its employ) except any such expense, disbursement or advance as
may arise from its negligence or bad faith or which is the
responsibility of Certificateholders hereunder. In addition, the
Company covenants and agrees to indemnify the Trustee from, and
hold it harmless against, any and all losses, liabilities,
damages, claims or expenses other than those resulting from the
negligence or bad faith of the Trustee. From time to time, the
Trustee may request that the Company debit each Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any related Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a corporation having
its principal office either in the State of New York or in the
same state as that in which the initial Trustee under this
Agreement has its principal office and organized and doing
business under the laws of such State or the United States of
America, authorized under such laws to exercise corporate trust
powers, having a combined capital and surplus of at least
$50,000,000 and subject to supervision or examination by federal
or state authority. If such corporation publishes reports of
condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section 8.06, the combined capital
and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent
report of condition so published. The Trustee shall not be an
affiliate of the Company. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee shall resign immediately in the manner
and with the effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created 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
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duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
accepted appointment within 30 days after the giving of such
notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a
successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee will
enable the Company to avoid (and should, based on the information
included in the notice referred to below, result in the avoidance
of) a downgrading of the ratings assigned to the Certificates by
the Rating Agencies (whether or not other actions could avoid
such downgrading) and no Event of Default, as provided by Section
7.01 hereof, shall have occurred or be continuing; provided,
however, that no action shall be taken pursuant to this clause
(iii) unless reasonable notice shall have been provided to the
Trustee, which notice shall set forth the basis for any rating
downgrade as contemplated by the Rating Agencies and shall also
indicate the manner in which such proposed action is intended to
avoid such downgrade. If it removes the Trustee under the
authority of the immediately preceding sentence, the Company
shall promptly appoint a successor trustee by written instrument,
in duplicate, one copy of which instrument shall be delivered to
the Trustee so removed and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without any further
act, deed or conveyance, shall become fully vested with all the
rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such
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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.
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Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent the Trust Fund from failing to qualify as a REMIC and to
prevent the imposition of a tax on the Trust Fund or the REMIC
established hereunder. The Trustee, upon request, will furnish
the Company with all such information within its possession as
may be reasonably required in connection with the preparation of
all tax returns of the Trust Fund and any Reserve Fund, and
shall, upon request, execute such returns.
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the
Company or Liquidation of All Mortgage Loans. Subject to Section
9.02, the respective obligations and responsibilities of the
Company and the Trustee created hereby (other than the obligation
of the Trustee to make certain payments to Certificateholders
after the final Distribution Date and the obligation of the
Trustee to send certain notices as hereinafter set forth) shall
terminate upon the last action required to be taken by the
Trustee on the final Distribution Date pursuant to this Article
IX following the earlier of (a) the repurchase by the Company of
all Mortgage Loans and all REO Mortgage Loans remaining in the
Trust Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than any REO
Mortgage Loans described in the following clause) plus accrued
and unpaid interest thereon at the applicable Remittance Rate
(less any amounts constituting previously unreimbursed Monthly
Advances) to the first day of the month in which such purchase
price is to be distributed to Certificateholders and (y) the
appraised value of any REO Mortgage Loan (less the good faith
estimate of the Company of Liquidation Expenses to be incurred in
connection with its disposal thereof), such appraisal to be
conducted by an appraiser mutually agreed upon by the Company and
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
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aggregate of the Scheduled Principal Balance of the Mortgage Loans
as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
Certificates to the Trustee for payment of the final distribution
and cancellation, shall be given promptly by the Trustee by
letter to Certificateholders mailed not earlier than the 15th day
and not later than the 25th day of the month next preceding the
month of such final distribution specifying (A) the Distribution
Date upon which final payment of the Certificates will be made
upon presentation and surrender of the Certificates at the office
of the Trustee therein designated, (B) the amount of any such
final payment and (C) that the Record Date otherwise applicable
to such Distribution Date is not applicable, payments being made
only upon presentation and surrender of the Certificates at the
office of the Trustee therein specified. The Trustee shall give
such notice to the Certificate Registrar at the time such notice
is given to Certificateholders. In the event such notice is given
in connection with the exercise by the Company of its right of
repurchase, the Company shall deposit in the Certificate Account
not later than 11:00 a.m. on the Business Day prior to the final
Distribution Date in next-day funds an amount equal to the price
described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the Certificate Account, by
Mortgage Pool, 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.
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Section 9.02. Additional Termination Requirements. (a)
In the event the Company exercises its purchase option as
provided in Section 9.01, the Trust Fund and the REMIC
established hereunder shall be terminated in accordance with the
following additional requirements, unless the Trustee has been
supplied with an Opinion of Counsel to the effect that the
failure to comply with the requirements of this Section 9.02 will
not (i) result in the imposition of taxes on "prohibited
transactions" of such REMIC as defined in section 860F of the
Code, or (ii) cause the Trust Fund to fail to qualify as a REMIC
at any time that any Certificates are outstanding:
(i) Within 90 days prior to the final Distribution
Date set forth in the notice given by the Trustee under
Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
such REMIC within the meaning of section 860F(a)(4)(A)(i)
of the Code, which shall be evidenced by such notice; and
(ii) Within 90 days after the time of adoption of such
a plan of complete liquidation, the Trustee shall sell all
of the assets of the Trust Fund to the Company for cash in
accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates,
the Holders thereof hereby authorize the Trustee to adopt such a
plan of complete liquidation which authorization shall be binding
on all successor Holders of the Residual Certificates.
(c) On the final federal income tax return for the
REMIC established hereunder, the Trustee will attach a statement
specifying the date of the adoption of the plan of liquidation.
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be
amended from time to time by the Company and the Trustee, without
the consent of any of the Certificateholders, to cure any
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,
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eliminate or add to any of its provisions to such extent as shall
be necessary or appropriate to maintain the qualification of the
Trust Fund as a REMIC under the Code or to avoid or minimize the
risk of the imposition of any tax on the Trust Fund pursuant to
the Code that would be a claim against the Trust Fund at any time
prior to the final redemption of the Certificates, provided that
the Trustee has obtained an opinion of independent counsel (which
opinion also shall be addressed to the Company) to the effect
that such action is necessary or appropriate to maintain such
qualification or to avoid or minimize the risk of the imposition
of such a tax.
This Agreement may also be amended from time to time
by the Company and the Trustee with the consent of Holders of
Certificates evidencing (i) not less than 66% of the Voting
Rights of all the Certificates or (ii) Percentage Interests
aggregating not less than 66% of each Class affected by such
amendment, for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of
this Agreement, or of modifying in any manner the rights of the
Holders of Certificates; provided, however, that no such
amendment shall (a) reduce in any manner the amount of, or delay
the timing of, collections of payments on the Mortgage Loans or
distributions which are required to be made on any Certificate
without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the
Holders of any Class of Certificates in any manner other than as
described in (a), without the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less
than 66% of such Class, or (c) reduce the aforesaid percentages
of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates
of such Class then outstanding. For purposes of this paragraph,
references to "Holder" or "Holders" shall be deemed to include,
in the case of any Class of Book-Entry Certificates, the related
Certificate Owners.
Notwithstanding any contrary provision of this
Agreement, the Trustee shall not consent to any amendment to this
Agreement unless it shall have first received an Opinion of
Counsel to the effect that such amendment will not subject the
Trust Fund to tax or cause the Trust Fund to fail to qualify as a
REMIC at any time that any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
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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 Certificate-
holders. 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
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and liabilities to be incurred therein or thereby, and the
Trustee, for 60 days after its receipt of such notice, request
and offer of indemnity, shall have neglected or refused to
institute any such action, suit or proceeding; it being
understood and intended, and being expressly covenanted by each
Certificateholder with every other Certificateholder and the
Trustee, that no one or more Holders of Certificates shall have
any right in any manner whatever by virtue or by availing itself
or themselves of any provisions of this Agreement to affect,
disturb or prejudice the rights of the Holders of any other of
the Certificates, or to obtain or seek to obtain priority over or
preference to any other such Holder, or to enforce any right
under this Agreement, except in the manner herein provided and
for the equal, ratable and common benefit of all Certificateholders.
For the protection and enforcement of the provisions of this
Section 10.03, each and every Certificateholder and the Trustee
shall be entitled to such relief as can be given either at law
or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK AND
THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL
BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 3 Executive
Campus, Cherry Hill, New Jersey 08002, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 225 Franklin Street,
Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch
IBCA, Inc., One State Street Plaza, New York, New York 10004,
Attention: Structured Finance Surveillance, and (d) in the case
of S&P, to Standard & Poor's Ratings Services, 26 Broadway, 15th
Floor, New York, New York 10004, Attention: Mortgage Surveillance
Group, or, as to each such Person, at such other address as shall
be designated by such Person in a written notice to each other
named Person. Any notice required or permitted to be mailed to a
Certificateholder shall be given by first class mail, postage
prepaid, at the address of such Holder as shown in the
Certificate Register. Any notice so mailed within the time
prescribed in this Agreement shall be conclusively presumed to
have been duly given, whether or not the Certificateholder
receives such notice.
Section 10.06. Notices to the Rating Agencies. The
Company shall deliver written notice of the following events to
each Rating Agency promptly following the occurrence thereof:
material amendment to this Agreement; any Event of Default; any
Trigger Event; change in or termination of the Trustee; removal
of the Company or any successor servicer as servicer; repurchase
or replacement of any Defective Mortgage Loan pursuant to Section
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2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
delivered pursuant to this Agreement: monthly statements to
Certificateholders pursuant to Section 4.05, annual report of
independent accountants pursuant to Section 3.13 and annual
servicer compliance report pursuant to Section 3.12.
Notwithstanding the foregoing, the failure to deliver such
notices or copies shall not constitute an Event of Default under
this Agreement.
Section 10.07. Severability of Provisions. If any one
or more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever held invalid, then
to the extent permitted by law such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement or of the Certificates or the
rights of the Holders thereof.
Section 10.08. Certificates Nonassessable and Fully
Paid. It is the intention of the Trustee that Certificateholders
shall not be personally liable for obligations of the Trust Fund,
that the beneficial ownership interests represented by the
Certificates shall be nonassessable for any losses or expenses of
the Trust Fund or for any reason whatsoever, and that
Certificates upon execution, countersignature and delivery
thereof by the Trustee are and shall be deemed fully paid.
* * *
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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 30th day of March, 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 30th day of March, 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 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A1 Certificate
Principal Balance:
Class 1-A1 $129,136,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBH0
April 27, 1998
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<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
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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 1998-6, issued in twenty-nine Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class R, Class 2-A1, Class 2-A2, Class 2-A3,
Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class
2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4
and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
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The Agreement permits, with certain exceptions therein provided,
the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class
2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person that
5
<PAGE>
is purchasing or holding such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
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
6
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A2 Certificate
Principal Balance:
Class 1-A2 $32,504,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBJ6
April 27, 1998
11
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
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 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A3 Certificate
Principal Balance:
Class 1-A3 $8,050,050.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBK3
April 27, 1998
14
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
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 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A4 Certificate
Principal Balance:
Class 1-A4 $2,683,350.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBL1
April 27, 1998
17
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
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 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A5 Certificate
Principal Balance:
Class 1-A5 $4,100,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBM9
April 27, 1998
20
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
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 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-A6 Certificate
Principal Balance:
Class 1-A6 $18,080,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBN7
April 27, 19978
23
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A6 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
24
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR BOOK-
ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED
HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS
PERSON" OF THE REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS
PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F
OF THE CODE, WITH RESPECT TO THE TRUST FUND.
25
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class R Certificate
Principal Balance:
Class R $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GCD8
April 27, 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 R Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") 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 March 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 April 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
27
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-6, issued in twenty-nine Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class R, Class 2-A1, Class 2-A2, Class 2-A3,
Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class
2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4
and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
28
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class
2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person that
29
<PAGE>
is purchasing or holding such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
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
30
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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.
31
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
32
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the 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.
33
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
34
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-PO Certificate
Principal Balance:
Class 1-PO $181,866.65
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
March 1, 1998
First Distribution Date:
April 27, 1998
35
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-PO Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
36
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-6, issued in twenty-nine Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class R, Class 2-A1, Class 2-A2, Class 2-A3,
Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class
2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4
and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
37
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class
2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person that
38
<PAGE>
is purchasing or holding such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
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
39
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates as of
the Cut-off Date. The Company's exercise of such right will
result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
40
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:________________________
41
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
- -----------------------------------------------------------------
- -----------------------------------------------------------------
- -----------------------------------------------------------------
Dated:---------------------
- -------------------------------------
Signature by or on behalf of assignor
- --------------------------
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank,
trust company or broker of the signatory who is a member of a
signature guarantee medallion program.
42
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
43
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-M Certificate
Principal Balance:
Class 1-M $3,753,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBP2
April 27, 1998
44
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") 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 March 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 April 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
45
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-6, issued in twenty-nine Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class R, Class 2-A1, Class 2-A2, Class 2-A3,
Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class
2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4
and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
46
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class
2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person that
47
<PAGE>
is purchasing or holding such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
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
48
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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.
49
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_________________________
Name:
Title:
Countersigned:
By_______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:___________________
50
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the 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.
51
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
52
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-B1 Certificate
Principal Balance:
Class 1-B1 $1,623,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBQ0
April 27, 1998
53
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
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.
55
<PAGE>
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-B2 Certificate
Principal Balance:
Class 1-B2 $913,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBR8
April 27, 1998
56
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
57
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
58
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-B3 Certificate
Principal Balance:
Class 1-B3 $811,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GCE6
April 27, 1998
59
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
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<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-6, issued in twenty-nine Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class R, Class 2-A1, Class 2-A2, Class 2-A3,
Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class
2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4
and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
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<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class
2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person that
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<PAGE>
is purchasing or holding such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
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
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<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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:__________________
65
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the 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.
66
<PAGE>
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated
- -----------------------
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has received such information as the undersigned has requested
67
<PAGE>
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated
- -----------------------
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated
- -----------------------
(Signature)
68
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
69
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-B4 Certificate
Principal Balance:
Class 1-B4 $405,700.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GCF3
April 27, 1998
70
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
71
<PAGE>
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
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.
72
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 1-B5 Certificate
Principal Balance:
Class 1-B5 $608,284.90
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GCG1
April 27, 1998
73
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
74
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
75
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A1 Certificate
Principal Balance:
Class 2-A1 $3,250,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBS6
April 27, 1998
76
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
77
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-6, issued in twenty-nine Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class R, Class 2-A1, Class 2-A2, Class 2-A3,
Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class
2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4
and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
78
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class
2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person that
79
<PAGE>
is purchasing or holding such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
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
80
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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.
81
<PAGE>
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_________________________
Name:
Title:
Countersigned:
By______________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________
82
<PAGE>
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
- -----------------------------------------------------------------
- -----------------------------------------------------------------
(Please print or typewrite name and address
including postal zip code of assignee)
- -----------------------------------------------------------------
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the 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.
83
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
84
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A2 Certificate
Principal Balance:
Class 2-A2 $80,195,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBT4
April 27, 1998
85
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
86
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
87
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A3 Certificate
Principal Balance:
Class 2-A3 $126,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBU1
April 27, 1998
88
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
89
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
90
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A4 Certificate
Principal Balance:
Class 2-A4 $21,909,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBV9
April 27, 1998
91
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
92
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
93
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A5 Certificate
Principal Balance:
Class 2-A5 $16,135,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBW7
April 27, 1998
94
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
95
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
96
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A6 Certificate
Principal Balance:
Class 2-A6 $24,879,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBX5
April 27, 1998
97
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A6 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
98
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
99
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A7 Certificate
Principal Balance:
Class 2-A7 $8,293,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBY3
April 27, 1998
100
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A7 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
101
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
102
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-A8 Certificate
Principal Balance:
Class 2-A8 $32,500,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GBZ0
April 27, 1998
103
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A8 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
104
<PAGE>
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF THIS
CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY ONLY
BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
105
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-PO Certificate
Principal Balance:
Class 2-PO $171,871.97
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing
Cut-off Date:
March 1, 1998
First Distribution Date:
April 27, 1998
106
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-PO Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
107
<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-6, issued in twenty-nine Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class R, Class 2-A1, Class 2-A2, Class 2-A3,
Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class
2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4
and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
108
<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class
2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person that
109
<PAGE>
is purchasing or holding such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
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
110
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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.
111
<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:__________________
112
<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.
113
<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.
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<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-M Certificate
Principal Balance:
Class 2-M $6,038,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GCA4
April 27, 1998
115
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") 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 March 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 April 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
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<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-6, issued in twenty-nine Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class R, Class 2-A1, Class 2-A2, Class 2-A3,
Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class
2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4
and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
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<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class
2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person that
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<PAGE>
is purchasing or holding such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
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
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<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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:__________________
121
<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.
122
<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.
123
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-B1 Certificate
Principal Balance:
Class 2-B1 $2,611,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GCB2
April 27, 1998
124
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
125
<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.
126
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-B2 Certificate
Principal Balance:
Class 2-B2 $1,469,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GCC0
April 27, 1998
127
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
128
<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.
129
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-B3 Certificate
Principal Balance:
Class 2-B3 $1,305,500.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GCH9
April 27, 1998
130
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 1998, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
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<PAGE>
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1998-6, issued in twenty-nine Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class R, Class 2-A1, Class 2-A2, Class 2-A3,
Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7, Class 2-A8, Class
2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3, Class 2-B4
and Class 2-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
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
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<PAGE>
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class
2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate which is
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3, Class
1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class 2-B3,
Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person that
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<PAGE>
is purchasing or holding such Certificate with the assets of a
Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R Certificate shall be made
to any Person unless the Trustee has received a certificate from
such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R Certificate or (y) is an insurance
company investing assets of its general account and the Exemption
applies to such transferee's acquisition and holding of any such
Class R Certificate.
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
134
<PAGE>
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates 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.
135
<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:__________________
136
<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.
137
<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
138
<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)
139
<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.
140
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-B4 Certificate
Principal Balance:
Class 2-B4 $652,750.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GCJ5
April 27, 1998
141
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
142
<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.
143
<PAGE>
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-6
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R Initial Class 2-B5 Certificate
Principal Balance:
Class 2-B5 $979,293.09
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
Cut-off Date:
March 1, 1998
First Distribution Date: CUSIP: 36158GCK2
April 27, 1998
144
<PAGE>
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") 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 March 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 April 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
145
<PAGE>
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
<PAGE>
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan
number, address of the Mortgaged Property, name of the Mortgagor
and Mortgage Pool. The following details shall be set forth as to
each Mortgage Loan: (i) the principal balance at the time of its
origination, (ii) the Scheduled Principal Balance as of the
Cut-off Date, (iii) the interest rate borne by the Mortgage Note,
(iv) the scheduled monthly level payment of principal and
interest, (v) the Loan-To-Value Ratio, (vi) the maturity date of
the Mortgage Note and (vii) the Base Servicing Fee Rate for such
Mortgage Loan. Any Cooperative Loans shall be designated as
such.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007636046 MORTGAGORS: DUKE PETER
DUKE PATRICIA
REGION CODE ADDRESS : 207 PARK AVENUE
00 CITY : STEAMBOAT SPRINGS
STATE/ZIP : CO 80477
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,542.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664527 MORTGAGORS: GARVIN ROBERT
GARVIN KATHERINE
REGION CODE ADDRESS : 12615 SILVER FOX COURT
01 CITY : ROSWELLN
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,331.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.08100
----------------------------------------------------------------
0 0007664543 MORTGAGORS: FERUCK DANIEL
FERUCK SUSAN
REGION CODE ADDRESS : 435 PARK CREEK WAY
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 238,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,409.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.30300
----------------------------------------------------------------
0 0007664550 MORTGAGORS: BARCLAY BRET
BARCLAY JILL
REGION CODE ADDRESS : 1513 CEDAR BLUFF LANE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 141,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 141,139.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 963.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0007664774 MORTGAGORS: CULLEN JOHN
BLUESTEIN FRAYDA
REGION CODE ADDRESS : 2916 FARRINGTON POINT
01 CITY : CHAPEL HILL
STATE/ZIP : NC 27514
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,683.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.84800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,248,350.00
P & I AMT: 8,685.08
UPB AMT: 1,247,106.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007664808 MORTGAGORS: HEILMANN HANS
HEILMANN JENNIFER
REGION CODE ADDRESS : 1165 OLD WOODBINE ROAD NE
01 CITY : ATLANTA
STATE/ZIP : GA 30319
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,795.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664816 MORTGAGORS: PENN AMY
PENN JAMES
REGION CODE ADDRESS : 4845 JETT ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,578.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,683.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.48200
----------------------------------------------------------------
0 0007664824 MORTGAGORS: MILLS JON
MILLS LISA
REGION CODE ADDRESS : 2401 NORWALK DRIVE
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 323,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,947.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
0 0007664840 MORTGAGORS: LAUGHTON MITCHELL
LAUGHTON GALEN
REGION CODE ADDRESS : 1760 WENDY WAY
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,984.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664873 MORTGAGORS: MEHIGAN TIMOTHY
MEHIGAN JULIE
REGION CODE ADDRESS : 7801 IDYLWOOD ROAD
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 143,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,798.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,030.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,553,100.00
P & I AMT: 10,741.41
UPB AMT: 1,551,105.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007664907 MORTGAGORS: FARRINGTON PAUL
REGION CODE ADDRESS : 96 ARGILLA ROAD
01 CITY : IPSWICH
STATE/ZIP : MA 01938
MORTGAGE AMOUNT : 276,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,034.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0007664915 MORTGAGORS: HOSLER BRAD
HOSLER MARYANN
REGION CODE ADDRESS : 11243 NW EAST RD
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,773.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.90900
----------------------------------------------------------------
0 0007664923 MORTGAGORS: POTTER JOSEPH
POTTER CINDI
REGION CODE ADDRESS : 2209 W 25TH PLACE
01 CITY : EUGENE
STATE/ZIP : OR 97405
MORTGAGE AMOUNT : 287,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,870.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007664931 MORTGAGORS: ISAACSON THOMAS
ISAACSON VIRGINIA
REGION CODE ADDRESS : 1860 PLANTATION DRIVE SOUTH
01 CITY : DUNKIRK
STATE/ZIP : MD 20754
MORTGAGE AMOUNT : 224,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,020.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,510.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007665060 MORTGAGORS: UYEDA GLENN
REGION CODE ADDRESS : 28380 SW WILLOW CREEK DRIVE
01 CITY : WILSONVILLE
STATE/ZIP : OR 97070
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,287.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,343,050.00
P & I AMT: 9,096.30
UPB AMT: 1,341,987.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007665086 MORTGAGORS: ANTHONY JOHN
ANTHONY DANA
REGION CODE ADDRESS : 105 CHANNELHOUSE RD
01 CITY : MONTGOMERY
STATE/ZIP : PA 19454
MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,198.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007665094 MORTGAGORS: ROZENTAL ARKADIY
SADYKHOVA KAMILA
REGION CODE ADDRESS : 52 BEECHAM COURT
01 CITY : OWINGS MILL
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 271,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,725.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99300
----------------------------------------------------------------
0 0007665102 MORTGAGORS: KUMAR KRISHNAN
KUMAR SAVITHRI
REGION CODE ADDRESS : 10835 JENNIFER MARIE PLACE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 552,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 551,524.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,580.27 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007665110 MORTGAGORS: CRETICOS PETER
CRETICOS RUTH
REGION CODE ADDRESS : 1300 ST. PAUL'S WAY
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 570,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,097.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,087.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0007665136 MORTGAGORS: DOUGHERTY JOSEPH
DOUGHERTY KAREN
REGION CODE ADDRESS : 2030 MALEADY DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 133,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,505.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 957.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,773,650.00
P & I AMT: 12,113.58
UPB AMT: 1,772,051.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007665144 MORTGAGORS: RAUGHLEY JAMES
RAUGHLEY LINDA
REGION CODE ADDRESS : 6782 COOKES HOPE ROAD
01 CITY : EASTON
STATE/ZIP : MD 21601
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,526.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.20100
----------------------------------------------------------------
0 0007665151 MORTGAGORS: MERRILL JOHN
MERRILL JEAN
REGION CODE ADDRESS : 1203 S. VIRGINIA DARE TRAIL
01 CITY : KILL DEVIL HILLS
STATE/ZIP : NC 27948
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,666.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007665169 MORTGAGORS: SIGEL CARIN
SCHLESINGER MICHAEL
REGION CODE ADDRESS : 8713 SNOWHILL COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 427,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,675.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,949.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.81300
----------------------------------------------------------------
0 0007665177 MORTGAGORS: TEETS GREGORY
TEETS BARBARA
REGION CODE ADDRESS : 3207 UPPER WYNNEWOOD PLACE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 416,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,083.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,875.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.56600
----------------------------------------------------------------
0 0007665185 MORTGAGORS: RIDER FRED
RIDER PEGGY
REGION CODE ADDRESS : 6900 TRAVELERS REST CIRCLE
01 CITY : EASTON
STATE/ZIP : MD 21601
MORTGAGE AMOUNT : 606,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 605,515.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,082.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,225,400.00
P & I AMT: 15,361.79
UPB AMT: 2,223,466.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007665193 MORTGAGORS: CLAUSEN RICHARD
CLAUSEN DONNA
REGION CODE ADDRESS : 3525 TRINITY DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22304
MORTGAGE AMOUNT : 441,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,664.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.03400
----------------------------------------------------------------
0 0007665201 MORTGAGORS: ONSLAGER MICHAEL
ONSLAGER KATHLEEN
REGION CODE ADDRESS : 915 BRIGHTON COURT
01 CITY : BEL AIR
STATE/ZIP : MD 21014
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,306.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007665219 MORTGAGORS: TRUMPOWER ROBERT
TRUMPOWER ANNE
REGION CODE ADDRESS : 13064 RIGGIN RIDGE ROAD
01 CITY : OCEAN CITY
STATE/ZIP : MD 21842
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.79000
----------------------------------------------------------------
0 0007665235 MORTGAGORS: MENON KRIS
MENON MEERA
REGION CODE ADDRESS : 1221 ROWLAND DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,813.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.03225
----------------------------------------------------------------
0 0007665243 MORTGAGORS: BANERJEE CHANDRALEKHA
REGION CODE ADDRESS : 8608 MARBURG MANOR DRIVE
01 CITY : LUTHERVILLE
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,718.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,555,500.00
P & I AMT: 10,685.80
UPB AMT: 1,554,303.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007665250 MORTGAGORS: UNDERWOOD JOHN
UNDERWOOD KELLI
REGION CODE ADDRESS : 6409 TARA PLACE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,786.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.19000
----------------------------------------------------------------
0 0007665276 MORTGAGORS: LOMBARDO DOUGLAS
LOMBARDO MICHELE
REGION CODE ADDRESS : 602 WOOD GLENN COURT
01 CITY : TIMONIUM
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,783.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.30900
----------------------------------------------------------------
0 0007665284 MORTGAGORS: KUNESH NICHOLAS
BUCK KAREN
REGION CODE ADDRESS : 108 WOLFE STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,747.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,293.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007665292 MORTGAGORS: KEY JOSEPH
KEY PATRICIA
REGION CODE ADDRESS : 11902 SHADY MILL LANE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,279.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.86100
----------------------------------------------------------------
0 0007665300 MORTGAGORS: CHEESMAN GUY
CHEESMAN NANCY
REGION CODE ADDRESS : 238 OAK COURT
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 282,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,968.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.15800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,700.00
P & I AMT: 9,729.17
UPB AMT: 1,434,564.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007665318 MORTGAGORS: LINDSEY DONALD
LINDSEY ROSA LEE
REGION CODE ADDRESS : 11010 WALKINS ROAD
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 253,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,751.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.95400
----------------------------------------------------------------
0 0007665326 MORTGAGORS: SMITH HENRY
SMITH DERYLE
REGION CODE ADDRESS : 47334 VISTA COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,803.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0007668197 MORTGAGORS: SHOEMAKER R.
REGION CODE ADDRESS : 5000 PLEASURE ISLAND
01 CITY : ORLANDO
STATE/ZIP : FL 32809
MORTGAGE AMOUNT : 323,702.56 OPTION TO CONVERT :
UNPAID BALANCE : 323,443.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.56800
----------------------------------------------------------------
0 0007668205 MORTGAGORS: SHARP JOEL
SHARP WINIFRED
REGION CODE ADDRESS : 11550 LAKE BUTLER BLVD
01 CITY : WINDERMERE
STATE/ZIP : FL 34786
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,382.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 39.90300
----------------------------------------------------------------
0 0007668221 MORTGAGORS: EUBANKS ERNEST
EUBANKS KELLY
REGION CODE ADDRESS : 13514 LAKE MARY JANE ROAD
01 CITY : ORLANDO
STATE/ZIP : FL 32832
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,406.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,501,452.56
P & I AMT: 10,523.46
UPB AMT: 1,499,787.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007668239 MORTGAGORS: BRYANT GERALD
BRYANT SALLY
REGION CODE ADDRESS : 3493 CEDAR LANE DRIVE
01 CITY : TALLAHASSEE
STATE/ZIP : FL 32312
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,499.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 53.33300
----------------------------------------------------------------
0 0007668247 MORTGAGORS: SMOWTON JEFFERY
SMOWTON DIANE
REGION CODE ADDRESS : 12910 LITTLETON BEND RD
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32224
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,587.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.75000
----------------------------------------------------------------
0 0007668254 MORTGAGORS: VATER THOMAS
DAVIS-VATER JAN
REGION CODE ADDRESS : 6 CHRISTO DRIVE
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29926
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,584.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.01900
----------------------------------------------------------------
0 0007668262 MORTGAGORS: HARRISON JAMES
HARRISON PATRICIA
REGION CODE ADDRESS : 4 NEPTUNE COURT
01 CITY : HILTON HEAD ISLAND
STATE/ZIP : SC 29926
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0007668296 MORTGAGORS: ULICNY JOSEPH
ULICNY NADYNE
REGION CODE ADDRESS : 3065 BELLINGRATH BOULEVARD
01 CITY : ROSWELL
STATE/ZIP : GA 30076
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.86500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,000.00
P & I AMT: 10,277.33
UPB AMT: 1,484,011.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007668312 MORTGAGORS: SMITH ROGER
SMITH KAYE
REGION CODE ADDRESS : 4534 MONTCLAIR CIRCLE
01 CITY : GAINESVILLE
STATE/ZIP : GA 30506
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,633.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007668320 MORTGAGORS: MELTON DENNIS
REGION CODE ADDRESS : 1140 ROSEDALE ROAD
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,610.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007668338 MORTGAGORS: DESPRIET JOHN
REGION CODE ADDRESS : 2995 ARGONNE DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,750.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007668353 MORTGAGORS: OXLEY ANTHONY
HATHAWAY MARY
REGION CODE ADDRESS : 619 GLENDALE AVENUE
01 CITY : DECATUR
STATE/ZIP : GA 30030
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,099.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007668361 MORTGAGORS: SCOTT CRAIG
SCOTT LISA
REGION CODE ADDRESS : 194 BARANOF WEST
01 CITY : WESTERVILLE
STATE/ZIP : OH 43081
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,898.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,321,750.00
P & I AMT: 9,149.34
UPB AMT: 1,319,991.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007668379 MORTGAGORS: BROMHAL ROBERT
BROMHAL LAURA
REGION CODE ADDRESS : 2507 LEWIS FARM ROAD
01 CITY : RALEIGH
STATE/ZIP : NC 27608
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 : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.06599
----------------------------------------------------------------
0 0007668395 MORTGAGORS: WEAVER ROBERT
WEAVER SUSAN
REGION CODE ADDRESS : 2231 WHITMAN ROAD
01 CITY : RALEIGH
STATE/ZIP : NC 27607
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,627.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.86906
----------------------------------------------------------------
0 0007668403 MORTGAGORS: ESTES ROBERT
ESTES BARBARA
REGION CODE ADDRESS : 1775 TWIRLY COURT
01 CITY : PRINCE FREDERICK
STATE/ZIP : MD 20678
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,402.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007668429 MORTGAGORS: SHAW THOMAS
SHAW MARY
REGION CODE ADDRESS : 1324 WOODSIDE DRIVE
01 CITY : MC LEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,539.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 81.44044
----------------------------------------------------------------
0 0007668437 MORTGAGORS: ROBERTS IRWIN
ROBERTS LUCY
REGION CODE ADDRESS : 1001 HARVEY STREET
01 CITY : RALEIGH
STATE/ZIP : NC 27608
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 48.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,600.00
P & I AMT: 10,428.03
UPB AMT: 1,523,445.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007668445 MORTGAGORS: MCPHERSON MARK
MCPHERSON TERRI
REGION CODE ADDRESS : 6317 SWALLOW COVE LANE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,381.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007668460 MORTGAGORS: BORDEN STEPHEN
BORDEN MONICA
REGION CODE ADDRESS : 153 EDGERTON LANE
01 CITY : LEXINGTON
STATE/ZIP : SC 29072
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007668478 MORTGAGORS: SILLS R
SILLS LISA
REGION CODE ADDRESS : 321 KENWOOD DRIVE
01 CITY : LEXINGTON
STATE/ZIP : SC 29072
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,784.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.71800
----------------------------------------------------------------
0 0007668486 MORTGAGORS: VILKER VINCENT
STONE MARTHA
REGION CODE ADDRESS : 3203 CUMMINGS LANE
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,577.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.15500
----------------------------------------------------------------
0 0007668494 MORTGAGORS: KILBERG STEVEN
KILBERG M.
REGION CODE ADDRESS : 3609 HAMPSHIRE GLEN COURT
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,801.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.73300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,357,600.00
P & I AMT: 9,380.09
UPB AMT: 1,356,167.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007668502 MORTGAGORS: EBRAHIMI MEHDI
EBRAHIMI MARIAM
REGION CODE ADDRESS : 6212 BRADLEY BLVD
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,742.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0007668510 MORTGAGORS: DAVIS MICHAEL
DAVIS NANCY
REGION CODE ADDRESS : 417 CELEBRATION AVENUE
01 CITY : CELEBRATION
STATE/ZIP : FL 34747
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,555.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007668544 MORTGAGORS: RHODES ROBERT
RHODES APRIL
REGION CODE ADDRESS : 5441 REDFIELD ROAD
01 CITY : DUNWOODY
STATE/ZIP : GA 30338
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,608.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0007668551 MORTGAGORS: BANACOS EVANGELOS
BANACOS TOULA
REGION CODE ADDRESS : 411 PANAY AVENUE
01 CITY : NAPLES
STATE/ZIP : FL 34113
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,607.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030804553 MORTGAGORS: BORKOWSKI RICHARD
STIPAK CATHERINE
REGION CODE ADDRESS : 5 GREENWICH COURT
01 CITY : SHOREHAM
STATE/ZIP : NY 11786
MORTGAGE AMOUNT : 252,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,074.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.79800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,386,450.00
P & I AMT: 9,570.25
UPB AMT: 1,384,588.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030872139 MORTGAGORS: STEVENS RICHARD
DAUBENSPECK LAURA
REGION CODE ADDRESS : LOT 18 HEINS ESTATES
01 CITY : WILLISTON
STATE/ZIP : VT 05495
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,999.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.64100
----------------------------------------------------------------
0 0030897409 MORTGAGORS: BITTENBENDER THOMAS
REGION CODE ADDRESS : 3493 OAK KNOLL POINT
01 CITY : LAKE MARY
STATE/ZIP : FL 32746
MORTGAGE AMOUNT : 493,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,869.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,618.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030924781 MORTGAGORS: PARILLON VALERIAN
REGION CODE ADDRESS : 41 OAKLAWN AVENUE
01 CITY : STAMFORD
STATE/ZIP : CT 06905
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,658.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,547.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030932487 MORTGAGORS: DONENFELD NANCY
REGION CODE ADDRESS : 200 EAST 61ST STREET APT 30D
01 CITY : NEW YORK
STATE/ZIP : NY 10021
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,268.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,577.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.37100
----------------------------------------------------------------
0 0031000219 MORTGAGORS: BACA BENNIE
BACA DONALYN
REGION CODE ADDRESS : 227 TAOS PINES RANCH ROAD
01 CITY : ANGEL FIRE
STATE/ZIP : NM 87710
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,104.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.95400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,425,400.00
P & I AMT: 10,289.42
UPB AMT: 1,422,900.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031001993 MORTGAGORS: GIBBS JAMES
GIBBS LINDA
REGION CODE ADDRESS : 8951 BAY POINT DRIVE
01 CITY : ELBERTA
STATE/ZIP : AL 36530
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,010.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.33300
----------------------------------------------------------------
0 0031011943 MORTGAGORS: FORRESTER RONALD
FORRESTER DENISE
REGION CODE ADDRESS : 105 WEST WELLING AVENUE
01 CITY : PENNINGTON
STATE/ZIP : NJ 08534
MORTGAGE AMOUNT : 228,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,182.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 94.96881
----------------------------------------------------------------
0 0031031206 MORTGAGORS: ROTHENBERG MARC
ROTHENBERG MARCELLE
REGION CODE ADDRESS : 9 MANOR POND LANE
01 CITY : IRVINGTON
STATE/ZIP : NY 10533
MORTGAGE AMOUNT : 791,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 790,512.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,531.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 79.99700
----------------------------------------------------------------
0 0031033442 MORTGAGORS: CRAFFEY DANIEL
CRAFFEY ELIZABETH
REGION CODE ADDRESS : CUB COVE
01 CITY : CASCO
STATE/ZIP : ME 04015
MORTGAGE AMOUNT : 243,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.80300
----------------------------------------------------------------
0 0031035165 MORTGAGORS: RUSSELL-DEMPSEY STEPHEN
RUSSELL-DEMPSEY GAY
REGION CODE ADDRESS : 1719 HINMAN AVENUE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 75,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 75,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 505.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 13.63600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,900.00
P & I AMT: 11,183.24
UPB AMT: 1,565,105.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031060940 MORTGAGORS: MCGINNIS MICHAEL
MCGINNIS LAURA
REGION CODE ADDRESS : 2916 WEST 131ST STREET
01 CITY : LEAWOOD
STATE/ZIP : KS 66209
MORTGAGE AMOUNT : 229,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,789.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/17
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031064199 MORTGAGORS: LEMANOWICZ KEVIN
LEMANOWICZ ALINA
REGION CODE ADDRESS : BYRON'S WAY LOT 13
01 CITY : FRANKLIN
STATE/ZIP : MA 02038
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,845.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031066350 MORTGAGORS: LAWLER THOMAS
LAWLER JOAN
REGION CODE ADDRESS : 07 TRES VIDAS RIDGE
01 CITY : PLACITAS
STATE/ZIP : NM 87043
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,205.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.19300
----------------------------------------------------------------
0 0031072937 MORTGAGORS: CHAKRABORTY PRABIR
CHAKRABORTY PURNIMA
REGION CODE ADDRESS : 2602 NORTHRUP DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,722.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.88800
----------------------------------------------------------------
0 0031074214 MORTGAGORS: MCSWEENEY SHAYNA
REGION CODE ADDRESS : 8455 COLLEGE TRAIL
01 CITY : INVER GROVE HEIGHTS
STATE/ZIP : MN 55077
MORTGAGE AMOUNT : 229,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,895.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,148,950.00
P & I AMT: 8,509.42
UPB AMT: 1,143,458.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031076060 MORTGAGORS: PATTERSON JEFFERY
PATTERSON JAN
REGION CODE ADDRESS : 2119 RIVER RIDGE ROAD
01 CITY : ARLINGTON
STATE/ZIP : TX 76017
MORTGAGE AMOUNT : 229,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,911.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031080435 MORTGAGORS: AHUJA SUDHIR
AHUJA SHAMIRA
REGION CODE ADDRESS : 28 SEVEN BRIDGES ROAD
01 CITY : LITTLE SILVER
STATE/ZIP : NJ 07739
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,724.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,801.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.08600
----------------------------------------------------------------
0 0031081656 MORTGAGORS: BLAU FRED
WALK RHODA
REGION CODE ADDRESS : 282 TINKERS TRAIL, UNIT 49K
01 CITY : AURORA
STATE/ZIP : OH 44202
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,350.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082878 MORTGAGORS: STARR LAWRENCE
REGION CODE ADDRESS : 6315 WILSON ROAD
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80919
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,673.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.57600
----------------------------------------------------------------
0 0031094782 MORTGAGORS: SAMPLES DONALD
SAMPLES ADELE
REGION CODE ADDRESS : 125 89TH STREET
01 CITY : STONE HARBOR
STATE/ZIP : NJ 08247
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,588,600.00
P & I AMT: 11,239.92
UPB AMT: 1,586,442.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031094790 MORTGAGORS: DUDICK DAVID
DUDICK KIMBERLY
REGION CODE ADDRESS : 128 BRINKLEY DRIVE
01 CITY : SELLERSVILLE
STATE/ZIP : PA 18960
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,323.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031098965 MORTGAGORS: HANLEY PAUL
MUNROE-HANLEY
REGION CODE ADDRESS : 7 TREASURE HILL ROAD
01 CITY : WILMINGTON
STATE/ZIP : MA 01887
MORTGAGE AMOUNT : 145,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,804.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,063.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 50.87700
----------------------------------------------------------------
0 0031099443 MORTGAGORS: ALFORD THEODORE
CAMERON DENA
REGION CODE ADDRESS : 307 SEVERN ROAD
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 172,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,388.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,253.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 95.00000
----------------------------------------------------------------
0 0031101025 MORTGAGORS: ZANOLLI MICHAEL
ZANOLLI PEGGY
REGION CODE ADDRESS : 27039 LILLEGARD COURT
01 CITY : TRACY
STATE/ZIP : CA 95376
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031101272 MORTGAGORS: ANDERSON MARK
ANDERSON TERYL
REGION CODE ADDRESS : 3470 CAMINO LARGO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 319,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,174.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,189,550.00
P & I AMT: 8,412.31
UPB AMT: 1,187,504.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031103252 MORTGAGORS: TIZARD JULIE
SIMPSON BRENDA
REGION CODE ADDRESS : 16838 SOUTH 11TH WAY
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 228,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,174.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99000
----------------------------------------------------------------
0 0031110018 MORTGAGORS: SINNO MARWAN
REGION CODE ADDRESS : 156 91ST STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11209
MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,648.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,423.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.02800
----------------------------------------------------------------
0 0031114242 MORTGAGORS: FRYMIRE RICHARD
MCKINNEY-FRYMIRE MICHELLE
REGION CODE ADDRESS : 1918 LEATHERSTEM LANE
01 CITY : KINGWOOD
STATE/ZIP : TX 77345
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,350.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031130123 MORTGAGORS: MILLER NEIL
MILLER RHYS
REGION CODE ADDRESS : 2595 CHEYENNE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,793.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.20700
----------------------------------------------------------------
0 0031143233 MORTGAGORS: O'KEEFE KENNETH
O'KEEFE MARIBETH
REGION CODE ADDRESS : 28214 CAMAS COURT
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 197,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 197,095.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,380.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,146,200.00
P & I AMT: 7,961.52
UPB AMT: 1,144,062.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031143902 MORTGAGORS: HADDAD WILLIAM
HADDAD WAFAH
REGION CODE ADDRESS : 27557 ALTA KNOLL DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 514,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 512,848.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,593.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.49200
----------------------------------------------------------------
0 0031144272 MORTGAGORS: POOLE RAMON
POOLE IRENE
REGION CODE ADDRESS : 806 WEST GABRIELINO COURT
01 CITY : ALTADENA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 346,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,979.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031145030 MORTGAGORS: PEACE WILLIAM
PEACE PAMELA
REGION CODE ADDRESS : 2825 KELLY COURT
01 CITY : WALDORF
STATE/ZIP : MD 20603
MORTGAGE AMOUNT : 318,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,960.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,308.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031153257 MORTGAGORS: DUNN MICHAEL
DUNN SUSAN
REGION CODE ADDRESS : 704 SUTTON MILL COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,608.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.56100
----------------------------------------------------------------
0 0031154677 MORTGAGORS: BORRUSO RANDY
REGION CODE ADDRESS : 8 DEER RUN ROAD
01 CITY : WOODBRIDGE
STATE/ZIP : CT 06525
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,831.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.26500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,700.00
P & I AMT: 11,678.58
UPB AMT: 1,658,228.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031156615 MORTGAGORS: MALLOY PATRICK
MALLOY DIANE
REGION CODE ADDRESS : 106 TAUNTON HILL ROAD
01 CITY : NEWTOWN
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.72000
----------------------------------------------------------------
0 0031165947 MORTGAGORS: QUINN GERALD
QUINN JUSTINE
REGION CODE ADDRESS : 269 MILLSTONE ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,692.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.47967
----------------------------------------------------------------
0 0031167604 MORTGAGORS: GERTNER NANCY
REINSTEIN JOHN
REGION CODE ADDRESS : 51 ABBOTTSFORD ROAD
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,688.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,043.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.56300
----------------------------------------------------------------
0 0031168073 MORTGAGORS: BUMP JOSEPHINE
REGION CODE ADDRESS : 240 WESTON RD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031169477 MORTGAGORS: DE LA TORRE EDWARD
DE LA TORRE MARY
REGION CODE ADDRESS : 3503 CHATEAU LANE
01 CITY : MURRYSVILLE
STATE/ZIP : PA 15668
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,688.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,043.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 43.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,855,000.00
P & I AMT: 13,118.09
UPB AMT: 1,853,852.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031173651 MORTGAGORS: PARKER SETH
RHEUBOTTOM MARSHA
REGION CODE ADDRESS : 26 SHORNECLIFFE ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02158
MORTGAGE AMOUNT : 299,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,660.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031173867 MORTGAGORS: CHARNLEY HAROLD
CHARNLEY MARY
REGION CODE ADDRESS : 198 KIMBALL RD
01 CITY : CARLISLE
STATE/ZIP : MA 01741
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,590.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,326.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.19300
----------------------------------------------------------------
0 0031174030 MORTGAGORS: WOLFFRUM WESLEY
JOPPA SANDRA
REGION CODE ADDRESS : 14461 W. 56TH PLACE
01 CITY : ARVADA
STATE/ZIP : CO 80002
MORTGAGE AMOUNT : 287,339.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,932.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031174733 MORTGAGORS: MORRISETTE MICHAEL
CARROLL WENDI
REGION CODE ADDRESS : 5420 AGANA DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93111
MORTGAGE AMOUNT : 235,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,548.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031177652 MORTGAGORS: SLOAN DOUGLAS
SHEA DIANE
REGION CODE ADDRESS : 483 ATLANTIC AVENUE
01 CITY : WESTERLY
STATE/ZIP : RI 02891
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,751.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,619,139.00
P & I AMT: 10,999.49
UPB AMT: 1,617,482.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031179005 MORTGAGORS: AZEVEDO AARON
AZEVEDO LISA
REGION CODE ADDRESS : 150 VALLEY PATH
01 CITY : MARSHFIELD
STATE/ZIP : MA 02050
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.88800
----------------------------------------------------------------
0 0031180086 MORTGAGORS: ESTRADA DANIEL
ESTRADA LIZZETA
REGION CODE ADDRESS : 19771 EAST COUNTRY HOLLOW DRIVE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 397,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,304.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,780.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031182843 MORTGAGORS: LEE MITCHELL
LEE KATHRYN
REGION CODE ADDRESS : 686 NORTH 21ST STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95112
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,685.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,950.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/25
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031186125 MORTGAGORS: TRUJILLO MARK
TRUJILLO KRISTA
REGION CODE ADDRESS : 2559 NW MASER DR
01 CITY : CORVALLIS
STATE/ZIP : CA 97330
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,624.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.00000
----------------------------------------------------------------
0 0031188014 MORTGAGORS: FISHER GREGORY
FISHER JOANNE
REGION CODE ADDRESS : 28151 ANGELICA PLACE
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 233,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,852.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,522,800.00
P & I AMT: 10,842.57
UPB AMT: 1,520,298.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031188352 MORTGAGORS: MENESES ROLANDO
MENESES MARINA
REGION CODE ADDRESS : 906 MEADOW SCAPE
01 CITY : CONVERSE
STATE/ZIP : TX 78109
MORTGAGE AMOUNT : 46,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 46,437.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 341.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031189053 MORTGAGORS: FEE JASON
LEE RACHEL
REGION CODE ADDRESS : 700 LOCUST AVENUE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,158.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.26800
----------------------------------------------------------------
0 0031189301 MORTGAGORS: SIMIC JENNIFER
REGION CODE ADDRESS : 31 FEATHER RIDGE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 263,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,454.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031194111 MORTGAGORS: TAYLOR STEPHEN
TAYLOR TINA
REGION CODE ADDRESS : 38 DOCKSIDE CIRCLE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,743.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,697.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.26300
----------------------------------------------------------------
0 0031195126 MORTGAGORS: URUBURU STEVEN
URUBURU RONNA
REGION CODE ADDRESS : 1928 AVENIDA ESTUDIANTE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,629.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,217,150.00
P & I AMT: 8,668.64
UPB AMT: 1,214,424.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031195332 MORTGAGORS: BUTTS THOMAS
BUTTS MARGARET
REGION CODE ADDRESS : 856 FOOTHILL COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.78900
----------------------------------------------------------------
0 0031195704 MORTGAGORS: MAGNUSON RICHARD
MAGNUSON KATHY
REGION CODE ADDRESS : 905 GREEN LANE
01 CITY : LA CANADA-FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,492.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,434.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.27000
----------------------------------------------------------------
0 0031200074 MORTGAGORS: NAAMAD AMNON
NAAMAD RACHEL
REGION CODE ADDRESS : 84 BEALS STREET, UNIT #2
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 365,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,328.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,556.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031205669 MORTGAGORS: PUNJABI KUMAR
REGION CODE ADDRESS : 9609 BOTTLE CREEK
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,755.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 83.81600
----------------------------------------------------------------
0 0031206634 MORTGAGORS: WEST EUGENE
WEST BARBARA
REGION CODE ADDRESS : 11491 CHARISMA CT
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,638.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,280.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.83100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,087,600.00
P & I AMT: 14,462.58
UPB AMT: 2,086,020.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031207053 MORTGAGORS: LUPO ROBERT
LUPO THERESA
REGION CODE ADDRESS : 10 CRIMSON LANE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 93.13400
----------------------------------------------------------------
0 0031208184 MORTGAGORS: MACAULAY ROBERT
MACAULAY DEBORAH
REGION CODE ADDRESS : 10 CAMEO DRIVE
01 CITY : RICHBORO
STATE/ZIP : PA 18954
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031208937 MORTGAGORS: CORZINE MARK
REGION CODE ADDRESS : 23669 WEST SILVERHAWK PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 193,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,602.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,338.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031209067 MORTGAGORS: TURNER MARK
TURNER KATHY
REGION CODE ADDRESS : 2621 RIO GRANDE COURT
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23456
MORTGAGE AMOUNT : 233,184.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,002.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031209802 MORTGAGORS: LITTLE GEORGE
LITTLE ANNALAURA
REGION CODE ADDRESS : 2802 NORTH 160TH STREET
01 CITY : OMAHA
STATE/ZIP : NE 68116
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,934.00
P & I AMT: 9,307.10
UPB AMT: 1,340,604.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031210040 MORTGAGORS: ALBERGO MARGARET
CROCKFORD CYNTHIA
REGION CODE ADDRESS : 10 COBBLER LANE
01 CITY : EAST SETAUKET
STATE/ZIP : NY 11733
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,508.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.84200
----------------------------------------------------------------
0 0031210511 MORTGAGORS: DIFILIPPO ANTHONY
DIFILIPPO THERESA
REGION CODE ADDRESS : 653 CASE ROAD
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08853
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,645.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.99200
----------------------------------------------------------------
0 0031210834 MORTGAGORS: DIONNE CHARLES
DIONNE MAURA
REGION CODE ADDRESS : 2 NOTTINGHAM ROAD
01 CITY : WINDHAM
STATE/ZIP : NH 03087
MORTGAGE AMOUNT : 267,655.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,440.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.99682
----------------------------------------------------------------
0 0031211451 MORTGAGORS: OVERSTREET R.
OVERSTREET JOYCE
REGION CODE ADDRESS : 2609 E. PINE ISLAND DRIVE
01 CITY : PAYSON
STATE/ZIP : AZ 85541
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,620.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,715.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031211667 MORTGAGORS: DOUBINSKI LEONID
IVANETS SVETLANA
REGION CODE ADDRESS : 66 PARKGROVE DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 411,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,194.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,877.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,810,155.00
P & I AMT: 12,768.73
UPB AMT: 1,808,409.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031213341 MORTGAGORS: JUNG HYUN
REGION CODE ADDRESS : 1103 SOUTH HOBART BOULEVARD #1,2,3,
01 CITY : LOS ANGELES
STATE/ZIP : CA 90006
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,190.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 90.00000
----------------------------------------------------------------
0 0031215221 MORTGAGORS: FRY ARTHUR
HOWE JUDITH
REGION CODE ADDRESS : 3243 WEST 111TH DRIVE
01 CITY : WESTMINSTER
STATE/ZIP : CO 80030
MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,408.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031215247 MORTGAGORS: BAILLARGEON ROBERT
TERIS BRUCE
REGION CODE ADDRESS : 47 LAKEVIEW AVENUE
01 CITY : NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,180.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.12100
----------------------------------------------------------------
0 0031215510 MORTGAGORS: PINETTI STEPHEN
PINETTI MARCIA
REGION CODE ADDRESS : 114 BASQUE
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,781.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031215551 MORTGAGORS: YUEN DAVID
YUEN EVELYN
REGION CODE ADDRESS : 520 TURTLE HOLLOW DRIVE
01 CITY : FREEHOLD
STATE/ZIP : NJ 07728
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,728.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.75700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,480,100.00
P & I AMT: 10,540.28
UPB AMT: 1,479,109.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031215585 MORTGAGORS: KOTWAS LAWRENCE
KOTWAS CARMELA
REGION CODE ADDRESS : 43763 CARSON COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.66900
----------------------------------------------------------------
0 0031215635 MORTGAGORS: ALPER BRADFORD
ROTH ALANNA
REGION CODE ADDRESS : 4730 STOETZ LANE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 562,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,933.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031215866 MORTGAGORS: DICKENSON WILLIAM
DICKENSON LAURA
REGION CODE ADDRESS : 1945 EAST DANA PLACE
01 CITY : FULLERTON
STATE/ZIP : CA 92631
MORTGAGE AMOUNT : 377,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,219.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,639.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.30000
----------------------------------------------------------------
0 0031216617 MORTGAGORS: MATTERA ROSA
REGION CODE ADDRESS : 3770 GOLDENROD STREET
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 246,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,957.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031217094 MORTGAGORS: MCGEE WILLIAM
MCGEE MARIANN
REGION CODE ADDRESS : 678 BRIAR RANCH LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 399,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,188.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,725.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,838,450.00
P & I AMT: 12,766.39
UPB AMT: 1,837,666.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031217128 MORTGAGORS: CROCKER KRISTA
MARTIN LEZLIE
REGION CODE ADDRESS : 18581 DEVON DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,530.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031217235 MORTGAGORS: KARDATZKE DAVID
REGION CODE ADDRESS : 2956 22ND STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,847.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,337.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031217334 MORTGAGORS: BERNSTEIN VICTOR
REGION CODE ADDRESS : 1925 STRATTON CIRCLE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,422.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031218217 MORTGAGORS: KRAWITZ JEFFREY
KRAWITZ DARLENE
REGION CODE ADDRESS : 565 LOCH LOMOND COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,262.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,574.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.74800
----------------------------------------------------------------
0 0031218613 MORTGAGORS: RANEY HOLLAMAN
REGION CODE ADDRESS : 41 COUNTY ROAD 231
01 CITY : OXFORD
STATE/ZIP : MS 38655
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,003.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,366,000.00
P & I AMT: 9,589.73
UPB AMT: 1,364,065.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031219579 MORTGAGORS: DINUBILE NICHOLAS
DINUBILE MARYBETH
REGION CODE ADDRESS : 5 TAYLOR LANE
01 CITY : HAVERFORD
STATE/ZIP : PA 19041
MORTGAGE AMOUNT : 552,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 551,547.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,672.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031219835 MORTGAGORS: LORENZ STEVEN
LORENZ MANETTE
REGION CODE ADDRESS : 3112 SPRINGBROOK ROAD
01 CITY : CRYSTAL LAKE
STATE/ZIP : IL 60012
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.42800
----------------------------------------------------------------
0 0031220536 MORTGAGORS: LAWRENCE JEFFREY
REGION CODE ADDRESS : 12 QUARRY ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 599,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 598,755.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,189.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031221781 MORTGAGORS: MATOIAN RICHARD
MATOIAN JULIE
REGION CODE ADDRESS : 1383 EAST VALLEY FORGE DRIVE
01 CITY : FRESNO
STATE/ZIP : CA 93720
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,680.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,482.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031221880 MORTGAGORS: MCDONOUGH JOHN
REGION CODE ADDRESS : 3 BROOKSIDE AVENUE
01 CITY : NEW CITY
STATE/ZIP : NY 10956
MORTGAGE AMOUNT : 133,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 133,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 980.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,774,800.00
P & I AMT: 12,292.48
UPB AMT: 1,773,583.37
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031223084 MORTGAGORS: PONDER TYROL
LISSNER MELINDA
REGION CODE ADDRESS : 893 SAXONY ROAD
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,015.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031223738 MORTGAGORS: HARPER ROBERT
GOLDMAN-HARPER DEBORAH
REGION CODE ADDRESS : 721 NORTH OAKHURST DRIVE
01 CITY : BEVERLEY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 942,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 941,335.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,748.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 47.10000
----------------------------------------------------------------
0 0031224405 MORTGAGORS: POTTER KENNETH
POTTER SANDRA
REGION CODE ADDRESS : 1250 GRANTELY ROAD
01 CITY : YORK
STATE/ZIP : PA 17403
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,754.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,493.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.23500
----------------------------------------------------------------
0 0031224512 MORTGAGORS: POOLE CLAUDETTE
REGION CODE ADDRESS : 33772 ALCAZAR DRIVE
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,834.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031224744 MORTGAGORS: HAGHIGHI HOSSEIN
BABAEI MAHIN
REGION CODE ADDRESS : 6775 HAMPTON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,321.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,698.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,280,400.00
P & I AMT: 16,360.44
UPB AMT: 2,278,261.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031226616 MORTGAGORS: MARTIN RICHARD
MARTIN HATTIE
REGION CODE ADDRESS : 6 MASONGATE DRIVE
01 CITY : ROLLING HILLS
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,682.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 65.00000
----------------------------------------------------------------
0 0031227655 MORTGAGORS: LARSEN ROGER
WOODRUFF ANNE
REGION CODE ADDRESS : 41 TOMAHAWK DRIVE
01 CITY : SAN ANSLEMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 522,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 521,796.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,833.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 65.31200
----------------------------------------------------------------
0 0031228091 MORTGAGORS: STONE CORBETT
STONE KRISTI
REGION CODE ADDRESS : 12212 MISTY BLUE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 293,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,162.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031228109 MORTGAGORS: GARNER CONRAD
GARNER DIANE
REGION CODE ADDRESS : 12734 TRIUMPH DR
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,624.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.52000
----------------------------------------------------------------
0 0031228810 MORTGAGORS: BOGART BRIAN
CHAMPOUX MICHELLE
REGION CODE ADDRESS : CROSSTOWN ROAD
01 CITY : BERLIN
STATE/ZIP : VT 05602
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.76900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,968,100.00
P & I AMT: 14,276.23
UPB AMT: 1,965,266.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031229370 MORTGAGORS: KINN DOUGLAS
KINN RHONDA
REGION CODE ADDRESS : 411 VISTA FLORA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,823.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.37500
----------------------------------------------------------------
0 0031231954 MORTGAGORS: SHEPARD JEAN
SHEPARD MARK
REGION CODE ADDRESS : 12204 MISTY BLUE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,547.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031232366 MORTGAGORS: FAULLIN VERL
FAULLIN CHRISTINA
REGION CODE ADDRESS : 1602 MARALISA COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 253,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,549.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98941
----------------------------------------------------------------
0 0031232721 MORTGAGORS: MCCRORIE PETER
MCCRORIE LILLIAN
REGION CODE ADDRESS : 1412 FLICKER WAY
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,810.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.23400
----------------------------------------------------------------
0 0031232747 MORTGAGORS: WEEDE JOHN
REGION CODE ADDRESS : 1530 BONNIE BRAE STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.86900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,314,900.00
P & I AMT: 9,256.64
UPB AMT: 1,313,533.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031233950 MORTGAGORS: YOUNG GARY
YOUNG SARAH
REGION CODE ADDRESS : 1747 BAYWOOD COURT
01 CITY : PLEASONTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,778.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031234222 MORTGAGORS: NAROG GREGORY
REGION CODE ADDRESS : 1498 FARNHAM ROAD
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 568,552.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,985.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.72000
----------------------------------------------------------------
0 0031234388 MORTGAGORS: OSTRAND GREGORY
OSTRAND CARLA
REGION CODE ADDRESS : 12472 CASBEER DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,297.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.98600
----------------------------------------------------------------
0 0031234461 MORTGAGORS: COLEMAN CHRISTOPHER
COLEMAN VIVIAN
REGION CODE ADDRESS : 1318 DEANS DRIVE
01 CITY : HUNTSVILLE
STATE/ZIP : AL 35802
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031234487 MORTGAGORS: STUNKEL MARTIN
STUNKEL LAURIE
REGION CODE ADDRESS : 3404 MONTCLAIR CIRCLE
01 CITY : MODESTO
STATE/ZIP : CA 95350
MORTGAGE AMOUNT : 95,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,828.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 670.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.60600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,400.00
P & I AMT: 9,925.23
UPB AMT: 1,442,263.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031234750 MORTGAGORS: NORHEIM ODDVAR
REGION CODE ADDRESS : 31 MORLATTON ROAD
01 CITY : DOUGLASSVILE
STATE/ZIP : PA 19518
MORTGAGE AMOUNT : 398,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,704.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,782.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.28200
----------------------------------------------------------------
0 0031235088 MORTGAGORS: WOODRUFF NEIL
WOODRUFF DELIA
REGION CODE ADDRESS : 1188 HAMPTON COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,822.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,671.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 47.80000
----------------------------------------------------------------
0 0031235252 MORTGAGORS: KLASHMAN DAVID
NORRIS WENDY
REGION CODE ADDRESS : 28631 QUAILHILL DRIVE
01 CITY : RANCHOS PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 387,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,026.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,774.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.85500
----------------------------------------------------------------
0 0031235435 MORTGAGORS: MONIGAN BRENDAN
REGION CODE ADDRESS : 57 FULTON STREET UNIT 10
01 CITY : BOSTON
STATE/ZIP : MA 02109
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031236441 MORTGAGORS: RAUPP GREG
RAUPP PATRICIA
REGION CODE ADDRESS : 309 HUNTINGTON STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,572,300.00
P & I AMT: 11,096.12
UPB AMT: 1,571,154.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031236458 MORTGAGORS: MYERS JAMES
MYERS BARBARA
REGION CODE ADDRESS : 6 GOODWIN PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,759.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.60600
----------------------------------------------------------------
0 0031236565 MORTGAGORS: KITTLESON JOHN
REGION CODE ADDRESS : 720 & 720 1/2 HELIOTROPE AVE.
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92625
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,701.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031236748 MORTGAGORS: SPIRO MICHAEL
SPIRO LAURA
REGION CODE ADDRESS : 5341 ERICKSON DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 237,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,732.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0031237019 MORTGAGORS: GERARDI FRANKLIN
GERARDI STEPHANIE
REGION CODE ADDRESS : 17 N 806 HIDDEN HILLS TRAIL
01 CITY : WEST DUNDEE
STATE/ZIP : IL 60118
MORTGAGE AMOUNT : 324,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,271.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.81800
----------------------------------------------------------------
0 0031237175 MORTGAGORS: TRUESDELL KEITH
REGION CODE ADDRESS : 1026 GROTON DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,310.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.64900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,250.00
P & I AMT: 10,729.12
UPB AMT: 1,537,652.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031237365 MORTGAGORS: LININGER TODD
LININGER SUSAN
REGION CODE ADDRESS : 507 LINDEN
01 CITY : BIRMINGHAM
STATE/ZIP : MI 48099
MORTGAGE AMOUNT : 570,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,065.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.14100
----------------------------------------------------------------
0 0031237605 MORTGAGORS: ALONTE-VERGINI DIANA
REGION CODE ADDRESS : 12255 SARAZEN PLACE
01 CITY : GRANADA HILLS
STATE/ZIP : CA 91344
MORTGAGE AMOUNT : 285,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,726.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.70300
----------------------------------------------------------------
0 0031238157 MORTGAGORS: GRAVES ADRIENNE
REGION CODE ADDRESS : 12167 VALLEYHEART DR
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031238322 MORTGAGORS: PETERSON GARY
PETERSON LESLYE
REGION CODE ADDRESS : 70 CROSS CREEK LANE
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,809.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.89400
----------------------------------------------------------------
0 0031238439 MORTGAGORS: WECKER ROBERT
WECKER VIRGINIA
REGION CODE ADDRESS : 1036 WEST 37TH STREET
01 CITY : SAN PEDRO
STATE/ZIP : CA 90731
MORTGAGE AMOUNT : 349,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,005.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,503.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,732,950.00
P & I AMT: 12,151.34
UPB AMT: 1,731,421.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031238454 MORTGAGORS: DAVI JAMES
DAVI CHERYL
REGION CODE ADDRESS : 3345 FLEETWOOD DR
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
0 0031238488 MORTGAGORS: GOSSER TIM
GOSSER CINDY
REGION CODE ADDRESS : 2748 VISTA ARROYO DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,625.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.85100
----------------------------------------------------------------
0 0031238579 MORTGAGORS: COOLEY STEVEN
COOLEY LORI
REGION CODE ADDRESS : 5575 PASEO JOAQUIN
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,529.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031238702 MORTGAGORS: LANG JEFFREY
REGION CODE ADDRESS : 42 LEVANT ST
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,594.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,935.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031238744 MORTGAGORS: HAGSTROM JON
REGION CODE ADDRESS : NW CORNER CASANOVA ST. & PALOU AVE.
01 CITY : CARMEL
STATE/ZIP : CA 93921
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.27200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,432,800.00
P & I AMT: 9,927.90
UPB AMT: 1,431,291.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031238892 MORTGAGORS: VON GUNTEN REINHOLD
VON GUNTEN JUDY
REGION CODE ADDRESS : 36052 NORTH WILDFLOWER
01 CITY : CAREFREE
STATE/ZIP : AZ 85377
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 56.50600
----------------------------------------------------------------
0 0031239007 MORTGAGORS: NANKO STEVEN
REGION CODE ADDRESS : 805 FRANKFORT AVENUE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 286,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,794.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031239379 MORTGAGORS: KERKER JEFF
KERKER CANDACE
REGION CODE ADDRESS : 335 OLD POWERS LANE
01 CITY : ATLANTA
STATE/ZIP : GA 30327
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 47.82600
----------------------------------------------------------------
0 0031239700 MORTGAGORS: MASJEDI MOISE
REGION CODE ADDRESS : 15552 AQUA VERDE DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90077
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,326.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 76.92307
----------------------------------------------------------------
0 0031239882 MORTGAGORS: WALTON K
WALTON ELIZABETH
REGION CODE ADDRESS : 985 GREEN STREET CIR
01 CITY : GAINESVILLE
STATE/ZIP : GA 30501
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,630,700.00
P & I AMT: 11,633.12
UPB AMT: 1,629,403.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031240393 MORTGAGORS: EDIE RICHARD
EDIE CHERYL
REGION CODE ADDRESS : 1081 GEORGE WAY
01 CITY : NIPOMO
STATE/ZIP : CA 93444
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,587.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031240427 MORTGAGORS: PROCTOR CHARLES
PROCTOR KATHIE
REGION CODE ADDRESS : 323 CATAMARAN
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,371.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.68 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031240484 MORTGAGORS: TORRES PELEGRIN
TORRES LILIA
REGION CODE ADDRESS : 2418 STEED COURT
01 CITY : LOMITA
STATE/ZIP : CA 90717
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,007.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031240609 MORTGAGORS: STRAND MANNE
BOONE SHERRIE
REGION CODE ADDRESS : 1021 NE 27TH TERRACE
01 CITY : POMPANO BEACH
STATE/ZIP : FL 33062
MORTGAGE AMOUNT : 244,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,427.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031240815 MORTGAGORS: HAGOPIAN NOUSHIG
REGION CODE ADDRESS : 241 WORTHEN ROAD EAST
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,260,400.00
P & I AMT: 8,966.24
UPB AMT: 1,259,393.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031240872 MORTGAGORS: BERGANTINO JOSEPH
BERGANTINO CANDY
REGION CODE ADDRESS : 11 EAST LINCOLN AVENUE
01 CITY : NANTUCKET
STATE/ZIP : MA 02554
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 42.83300
----------------------------------------------------------------
0 0031241177 MORTGAGORS: SIDELL ROBERT
SIDELL ANDREA
REGION CODE ADDRESS : 312 PROUD EAGLE LANE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89134
MORTGAGE AMOUNT : 395,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,891.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,695.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 250
LTV : 79.04000
----------------------------------------------------------------
0 0031241185 MORTGAGORS: DEBRA KWASI
REGION CODE ADDRESS : 8412 KINTAIL DRIVE
01 CITY : CHESTERFIELD
STATE/ZIP : VA 23838
MORTGAGE AMOUNT : 388,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,926.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,781.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031241433 MORTGAGORS: POTEE CHRISTOPHER
POTEE JENNIFER
REGION CODE ADDRESS : 7226 LANDS END CIRCLE
01 CITY : NOBLESVILLE
STATE/ZIP : IN 46060
MORTGAGE AMOUNT : 465,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,255.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031241664 MORTGAGORS: PAGANO R
PAGANO LISA
REGION CODE ADDRESS : 7922 HOLLYWOOD BOULEVARD
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,757.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.90900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,841,000.00
P & I AMT: 12,900.73
UPB AMT: 1,840,175.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031241763 MORTGAGORS: SHULTES PHILIP
SHULTES MARYANN
REGION CODE ADDRESS : 16 HERITAGE POINT
01 CITY : QUEENSBURY
STATE/ZIP : NY 12804
MORTGAGE AMOUNT : 316,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031241839 MORTGAGORS: KIM DONG
REGION CODE ADDRESS : 3083 CHANCERY PLACE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,785.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,177.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.94000
----------------------------------------------------------------
0 0031241946 MORTGAGORS: BARNHART BENNY
BARNHART LINDA
REGION CODE ADDRESS : 1130 MANNING COURT
01 CITY : SAN MARTIN
STATE/ZIP : CA 95046
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 880.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 35.29400
----------------------------------------------------------------
0 0031242340 MORTGAGORS: MURRAY GILMUR
MURRAY NANCY
REGION CODE ADDRESS : 7260 SAYRE DRIVE
01 CITY : OAKLAND
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,740.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.89700
----------------------------------------------------------------
0 0031242597 MORTGAGORS: PERRIN GINA
REGION CODE ADDRESS : 3 RISERO DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.07300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,800.00
P & I AMT: 9,914.16
UPB AMT: 1,395,117.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031242647 MORTGAGORS: SCHNEIDER ROBERT
HENTHORN JULIE
REGION CODE ADDRESS : 3647 CODY ROAD
01 CITY : CITY OF LOS ANGELES SHERM
STATE/ZIP : CA 91403
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.66600
----------------------------------------------------------------
0 0031243207 MORTGAGORS: SPAHN THERESA
GOLLIN ADAM
REGION CODE ADDRESS : 480 POPPY DRIVE
01 CITY : BRIGHTON
STATE/ZIP : CO 80601
MORTGAGE AMOUNT : 229,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,720.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,568.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031244551 MORTGAGORS: ERMAN RUSS
ERMAN ANAT
REGION CODE ADDRESS : 4625 WINNETKA CIRCLE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,706.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,761.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.38600
----------------------------------------------------------------
0 0031245186 MORTGAGORS: CAMMANN THOMAS
CAMMANN BONNIE
REGION CODE ADDRESS : 19676 LEXIE CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,690.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,029.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.79300
----------------------------------------------------------------
0 0031245269 MORTGAGORS: KEMP JAMES
REGION CODE ADDRESS : 33 CONCORD SQUARE #2
01 CITY : BOSTON
STATE/ZIP : MA 02118
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.17100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,776,900.00
P & I AMT: 12,421.90
UPB AMT: 1,775,580.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031245889 MORTGAGORS: PHAM DAVID
BOTZBACH-PHAM PAMELLA
REGION CODE ADDRESS : 119 STARCREST AVENUE
01 CITY : IRVINE
STATE/ZIP : CA 92714
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031246598 MORTGAGORS: MORIARTY MARK
MORIARTY ALEXANDRA
REGION CODE ADDRESS : 528 CONGRESS STREET
01 CITY : DUXBURY
STATE/ZIP : MA 02332
MORTGAGE AMOUNT : 148,407.00 OPTION TO CONVERT :
UNPAID BALANCE : 148,407.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,012.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.33700
----------------------------------------------------------------
0 0031246846 MORTGAGORS: MARSH MICHAEL
REGION CODE ADDRESS : 710 ARAN DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30076
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.82400
----------------------------------------------------------------
0 0031246952 MORTGAGORS: WANG YI-XIN
XIA WEI
REGION CODE ADDRESS : 3039 SHETLAND DRIVE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,310.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.61500
----------------------------------------------------------------
0 0031247778 MORTGAGORS: NORTH BARRET
WARNER WENDY
REGION CODE ADDRESS : 2622 TOLEDO AVENUE
01 CITY : SANTA CLARA
STATE/ZIP : CA 95051
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,907.00
P & I AMT: 11,520.69
UPB AMT: 1,662,034.10
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031247810 MORTGAGORS: MARTIN GORDON
MARTIN MARGRET
REGION CODE ADDRESS : 3559 KINGSHILL ROAD
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35223
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,336.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.19000
----------------------------------------------------------------
0 0031248511 MORTGAGORS: WIERNICKI PETER
WIERNICKI KATHERINE
REGION CODE ADDRESS : 10919 LAMPLIGHTER LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 406,832.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,832.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,775.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031249303 MORTGAGORS: MULLOY MARILYN
REGION CODE ADDRESS : 3551 AVENIDA PANTERA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,692.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.96100
----------------------------------------------------------------
0 0031249824 MORTGAGORS: GALLAGHER BRIAN
MORSE JULIE
REGION CODE ADDRESS : 2250 LAMINGTON ROAD
01 CITY : BEDMINSTER
STATE/ZIP : NJ 07921
MORTGAGE AMOUNT : 238,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,202.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.44600
----------------------------------------------------------------
0 0031249907 MORTGAGORS: THOMAS J
THOMAS JENNIFER
REGION CODE ADDRESS : 11165 LAWNHAVEN ROAD
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 238,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,613.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,629.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,332.00
P & I AMT: 11,257.90
UPB AMT: 1,626,676.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031249998 MORTGAGORS: VASIOS GEORGE
VASIOS CLAIRE
REGION CODE ADDRESS : 195 WINTHROP ROAD UNIT#1
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031250244 MORTGAGORS: TUCKER SUSAN
MOYE LESLIE
REGION CODE ADDRESS : 470 PLEASANT STREET
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.52900
----------------------------------------------------------------
0 0031250319 MORTGAGORS: PAK CHAN-YONG
PAK YUNG-HI
REGION CODE ADDRESS : 10491 MORETTI DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,662.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,181.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.95800
----------------------------------------------------------------
0 0031250343 MORTGAGORS: FARRINGTON KEVIN
DE MURIA DEBORAH
REGION CODE ADDRESS : 58 FLAGG ROAD
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/23
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.75000
----------------------------------------------------------------
0 0031250368 MORTGAGORS: APPOLITO JOSEPH
APPOLITO ELLA
REGION CODE ADDRESS : 120 WAIHILI PLACE
01 CITY : HONOLULU
STATE/ZIP : HI 96825
MORTGAGE AMOUNT : 594,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 594,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,005.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.05000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,904,500.00
P & I AMT: 13,166.50
UPB AMT: 1,904,162.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031250525 MORTGAGORS: CABRAL EDWARD
CABRAL KAREN
REGION CODE ADDRESS : 601C WOODCREST DRIVE
01 CITY : MUNDELEIN
STATE/ZIP : IL 60060
MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 788.31 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 94.48800
----------------------------------------------------------------
0 0031250848 MORTGAGORS: THOMAS R. SCOTT
THOMAS KELLIE
REGION CODE ADDRESS : 945 PIEDMONT AVENUE APTA
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,215.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031250913 MORTGAGORS: PEERA ASHUR
PEERA ANNA
REGION CODE ADDRESS : 1405 BAY RIDGE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,746.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.76500
----------------------------------------------------------------
0 0031251044 MORTGAGORS: BRUGNATELLI LAWRENCE
BRUGNATELLI ADRIENNE
REGION CODE ADDRESS : 2671 BAYPORT DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,794.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.95200
----------------------------------------------------------------
0 0031251168 MORTGAGORS: QUINN JOHN
QUINN ELAINE
REGION CODE ADDRESS : 162 COLON STREET
01 CITY : BEVERLY
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 178,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 178,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,154.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.07017
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,290,500.00
P & I AMT: 8,850.63
UPB AMT: 1,289,756.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031251234 MORTGAGORS: TOBIN RICHARD
REGION CODE ADDRESS : 3803 LEGATION STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.87500
----------------------------------------------------------------
0 0031251697 MORTGAGORS: ROJKO ANTHONY
REGION CODE ADDRESS : 187 VIA SODERINI
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 361,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,338.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,559.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031251754 MORTGAGORS: SAKABE MARK
SAKABE JANICE
REGION CODE ADDRESS : 16 CHANTONNAY
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,460.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,258.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.94300
----------------------------------------------------------------
0 0031252133 MORTGAGORS: HEIDE DAVID
HEIDE KAREN
REGION CODE ADDRESS : 8051 W. REVELLE COURT
01 CITY : ORLAND PARK
STATE/ZIP : IL 60462
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,397.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.86800
----------------------------------------------------------------
0 0031252224 MORTGAGORS: HADDIX MARK
HADDIX TERRI
REGION CODE ADDRESS : 5325 PARADISE DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 467,634.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,192.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,763,600.00
P & I AMT: 12,065.58
UPB AMT: 1,762,433.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031253412 MORTGAGORS: MEISER DAVID
MEISER LAURIE
REGION CODE ADDRESS : 220 LANGLEY LANE
01 CITY : SOLOMONS
STATE/ZIP : MD 20688
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0031253537 MORTGAGORS: CHILDRESS WILLIAM
CHILDRESS SALLY
REGION CODE ADDRESS : 1N311 FANCHON
01 CITY : CAROL STREAM
STATE/ZIP : IL 60188
MORTGAGE AMOUNT : 244,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0031253743 MORTGAGORS: LINDQUIST LEE
LINDQUIST JOAN
REGION CODE ADDRESS : 1420 VIA MATEO
01 CITY : PALOS VERDES ESTATES
STATE/ZIP : CA 90274
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.32600
----------------------------------------------------------------
0 0031254568 MORTGAGORS: WILLIAMS,JR. STANLEY
REGION CODE ADDRESS : 2442 KILLDEER ST.
01 CITY : NEW ORLEANS
STATE/ZIP : LA 70122
MORTGAGE AMOUNT : 254,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031254691 MORTGAGORS: STAGG ALBERT
REGION CODE ADDRESS : 3043-3045 CLAY STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,899,500.00
P & I AMT: 13,162.11
UPB AMT: 1,898,448.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031254725 MORTGAGORS: MONCONDUIT LYLE
REGION CODE ADDRESS : 3773 NORTHLAND DRIVE
01 CITY : INGLEWOOD
STATE/ZIP : CA 90305
MORTGAGE AMOUNT : 298,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,917.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,033.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.00000
----------------------------------------------------------------
0 0031255276 MORTGAGORS: BERKEL SUSAN
BERKEL JEFFREY
REGION CODE ADDRESS : 10 SHADOW GLEN
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 433,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,339.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,990.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031256415 MORTGAGORS: MEEHAN MICHAEL
MEEHAN BEATRICE
REGION CODE ADDRESS : 7 SAMOSET ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 427,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,844.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031256589 MORTGAGORS: LEPAK BRIAN
LOO LORI
REGION CODE ADDRESS : 1548 GLENDON AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,673.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.86700
----------------------------------------------------------------
0 0031258239 MORTGAGORS: BUSILLO NICHOLAS
BUSILLO JANET
REGION CODE ADDRESS : 180 CARNOUSTIE WAY
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 365,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,369.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 71.62700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,941,950.00
P & I AMT: 13,089.54
UPB AMT: 1,940,730.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031258395 MORTGAGORS: KATSAROS JOHN
KATSAROS ROBIN
REGION CODE ADDRESS : 12900 ATHERTON COURT
01 CITY : LOS ALTOS HILLS
STATE/ZIP : CA 94022
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,588.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,880.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 35.32700
----------------------------------------------------------------
0 0031258494 MORTGAGORS: OWEN JAMES
OWEN DENISE
REGION CODE ADDRESS : 250 REFUGIO ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 479,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,635.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,308.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 56.35200
----------------------------------------------------------------
0 0031259468 MORTGAGORS: KEEFE TIMOTHY
KEEFE NORA
REGION CODE ADDRESS : 4 RALEIGH ROAD
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 468,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.06600
----------------------------------------------------------------
0 0031259666 MORTGAGORS: TAO JEFFREY
TAO JOANNA
REGION CODE ADDRESS : 1590 DEL MAR AVENUE
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,763.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,314.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.84200
----------------------------------------------------------------
0 0031259989 MORTGAGORS: ERICKSON GARY
ERICKSON DONNA
REGION CODE ADDRESS : 15486 BLUE CRYSTAL TRAIL
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,035.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,110,650.00
P & I AMT: 14,761.29
UPB AMT: 2,109,422.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031260839 MORTGAGORS: COTTON ROBERT
COTTON ANNA MARIE
REGION CODE ADDRESS : 13133 CAMINITO POINTE DEL MAR
01 CITY : SAN DIEGO
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 519,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 518,605.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,584.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.87500
----------------------------------------------------------------
0 0031261316 MORTGAGORS: O'CONNELL JOHN
O'CONNELL KATHLEEN
REGION CODE ADDRESS : 732 9TH STREET #4
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 445,677.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,156.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.56500
----------------------------------------------------------------
0 0031261845 MORTGAGORS: SPAIN MICHAEL
SPAIN PAMELA
REGION CODE ADDRESS : 68 WHITTINGHAM TERRACE
01 CITY : MILLBURN
STATE/ZIP : NJ 07041
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031261977 MORTGAGORS: DEL ROSARIO CHRISTOPHER
DEL ROSARIO EVELYN
REGION CODE ADDRESS : 25525 CRESTFIELD CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,268.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 64.05000
----------------------------------------------------------------
0 0031262645 MORTGAGORS: TURLEY WILLIAM
TURLEY MELISSA
REGION CODE ADDRESS : 5801 MARRIETTA DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 129,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,848.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 886.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,450.00
P & I AMT: 11,549.10
UPB AMT: 1,661,399.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031262850 MORTGAGORS: NEBESNI STEPHEN
NEBESNI LINDA
REGION CODE ADDRESS : 115-1 HILL TOP ROAD
01 CITY : KINNELON
STATE/ZIP : NJ 07405
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.13500
----------------------------------------------------------------
0 0031263940 MORTGAGORS: STRZEPA GAIL
JULIAN JENNIFER
REGION CODE ADDRESS : 18682 WEST CAVENDISH DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 230,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,133.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.32000
----------------------------------------------------------------
0 0031264120 MORTGAGORS: FARRIS BRADLEY
FARRIS DIANE
REGION CODE ADDRESS : 5325 ROCKPORT WAY
01 CITY : EDMOND
STATE/ZIP : OK 73013
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.04800
----------------------------------------------------------------
0 0031264567 MORTGAGORS: STECKLOW KATHLEEN
REGION CODE ADDRESS : 2347 BEAVER CREEK
01 CITY : WESTLAKE
STATE/ZIP : OH 44145
MORTGAGE AMOUNT : 462,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 462,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,153.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 33.01700
----------------------------------------------------------------
0 0031265424 MORTGAGORS: WINTERFELD KEVIN
WINTERFELD TAMMY
REGION CODE ADDRESS : 2140 BENT CREEK DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,550.00
P & I AMT: 10,782.30
UPB AMT: 1,552,383.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031265648 MORTGAGORS: SHEPARD THOMAS
REGION CODE ADDRESS : 615 22ND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,296.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.04900
----------------------------------------------------------------
0 0031266158 MORTGAGORS: SUN STEVE
SONG NANCY
REGION CODE ADDRESS : 120 EAST 87TH ST. #P14C
01 CITY : NEW YORK
STATE/ZIP : NY 10128
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 412,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031266927 MORTGAGORS: FLEISSIG CLIVE
PODEMSKI-FLEISSIG PAMELA
REGION CODE ADDRESS : 10561 ROCHESTER AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,426.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,009.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 76.14678
----------------------------------------------------------------
0 0031266935 MORTGAGORS: WHITEHEAD BRUCE
WHITEHEAD DONG
REGION CODE ADDRESS : 228 BELL CANYON ROAD
01 CITY : BELL CANYON AREA
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 562,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 561,223.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,074.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 74.93300
----------------------------------------------------------------
0 0031266968 MORTGAGORS: YADIDI AMIR
YADIDI MAHNONIR
REGION CODE ADDRESS : 4205 ALONZO AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91316
MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 569,212.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,132.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 67.05800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,226,500.00
P & I AMT: 15,909.98
UPB AMT: 2,224,160.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031267479 MORTGAGORS: REHKEMPER STEVEN
REHKEMPER JODI
REGION CODE ADDRESS : 685 RAITON CT
01 CITY : FREEMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,598.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.62235
----------------------------------------------------------------
0 0031267487 MORTGAGORS: O'CALLAGHAN ADRIAN
RUDDEN PATRICIA
REGION CODE ADDRESS : 149 ARBOR STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,462.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,431.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.81800
----------------------------------------------------------------
0 0031267545 MORTGAGORS: NEYLAN THOMAS
DEMAY MARY
REGION CODE ADDRESS : 159 BAY VIEW DRIVE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,446.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031267651 MORTGAGORS: WATERMAN CRAIG
REGION CODE ADDRESS : 686 REGAS DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,291.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,328.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031267701 MORTGAGORS: VITALES RALPH
VITALES ELISIA
REGION CODE ADDRESS : 2919 SILVER ESTATES
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,624.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,699,000.00
P & I AMT: 11,807.52
UPB AMT: 1,696,423.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031267768 MORTGAGORS: WEISSBERG ROBERT
WEISSBERG SUSAN
REGION CODE ADDRESS : 102 LAS LOMAS DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,166.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,915.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031268766 MORTGAGORS: ALLISON MARIA
REGION CODE ADDRESS : 10950 MEANDERVIEW COURT
01 CITY : MANASSAS
STATE/ZIP : VA 20111
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,584.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.81300
----------------------------------------------------------------
0 0031269020 MORTGAGORS: NOH YOUNG
NOH ELIZABETH
REGION CODE ADDRESS : 46 VIAGGIO LANE
01 CITY : FOOTHILL RANCH
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,010.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031269673 MORTGAGORS: CARSON ROBERT
CARSON SYLVIA
REGION CODE ADDRESS : 4169 PINDAR WAY
01 CITY : OCEANSIDE
STATE/ZIP : CA 92056
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.73000
----------------------------------------------------------------
0 0031271455 MORTGAGORS: OFANO JOSEPH
OFANO TAMARA
REGION CODE ADDRESS : 13314 SCOTSMORE WAY
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.05800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,608,800.00
P & I AMT: 11,110.66
UPB AMT: 1,607,191.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031272503 MORTGAGORS: MADRID TODD
MADRID SHAWNIE
REGION CODE ADDRESS : 1496 MELANIE WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 257,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,658.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,802.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99813
----------------------------------------------------------------
0 0031272768 MORTGAGORS: MCLAREN MICHAEL
MCLAREN TERESA
REGION CODE ADDRESS : 268 RATTO ROAD
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 263,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,109.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.54682
----------------------------------------------------------------
0 0031273014 MORTGAGORS: KIM CHANG
REGION CODE ADDRESS : 2630 WINSTON PLACE
01 CITY : FULLERTON
STATE/ZIP : CA 92633
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,824.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031273287 MORTGAGORS: RYAN DANIEL
RYAN PAMELA
REGION CODE ADDRESS : 14870 LA RINCONADA
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,656.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,362.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.96900
----------------------------------------------------------------
0 0031273295 MORTGAGORS: REID THOMAS
REID BELINDA
REGION CODE ADDRESS : 1650 SPRINGVALE ROAD
01 CITY : PALCERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,820.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.33330
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,481,150.00
P & I AMT: 10,440.61
UPB AMT: 1,480,068.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031274194 MORTGAGORS: COHEN ROSEMARY
REGION CODE ADDRESS : 26661 SOMERLY
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,843.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,364.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031274210 MORTGAGORS: LAMB TERRY
LAMB BERNADETTE
REGION CODE ADDRESS : 9439 WISH AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 337,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,449.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,361.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.42500
----------------------------------------------------------------
0 0031274236 MORTGAGORS: BURSON GARY
BURSON ANNETTE
REGION CODE ADDRESS : 6437 EAST KINGS CROWN ROAD
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,063.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031274269 MORTGAGORS: REHMS MARK
REHMS SARA
REGION CODE ADDRESS : 18161 LINCOLN STREET
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,818.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031274293 MORTGAGORS: ANDERSON ROBERT
ANDERSON GAYLENE
REGION CODE ADDRESS : 23940 CLARINGTON DRIVE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 436,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 436,176.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,052.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,450.00
P & I AMT: 10,240.53
UPB AMT: 1,468,351.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031274327 MORTGAGORS: HUHN GREGORY
REGION CODE ADDRESS : 114 46TH STREET
01 CITY : NEWPORT
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 365,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,314.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031274483 MORTGAGORS: KENNEDY JAMES
KENNEDY PATRICIA
REGION CODE ADDRESS : 3220 JUNIPER LANE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22044
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 66.82000
----------------------------------------------------------------
0 0031274632 MORTGAGORS: RUBIN WILLIAM
RUBIN ELIZABETH
REGION CODE ADDRESS : 46 LATHAM LANE
01 CITY : READING
STATE/ZIP : MA 01867
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031275118 MORTGAGORS: FERNANDEZ D
FERNANDEZ MARGARET
REGION CODE ADDRESS : 1166 ST.CHARLES PLACE
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 443,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,887.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,175.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031275555 MORTGAGORS: HILL STUART
HILL JULIA
REGION CODE ADDRESS : 125 GARDNER PLACE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,771.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.77700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,672,800.00
P & I AMT: 11,713.63
UPB AMT: 1,671,973.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031275860 MORTGAGORS: MC CLAIRE ROBERT
MC CLAIRE BARBARA
REGION CODE ADDRESS : 513 22ND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.07200
----------------------------------------------------------------
0 0031277171 MORTGAGORS: OGLE JAMES
OGLE BETH
REGION CODE ADDRESS : 4632 DRIFTWOOD DRIVE
01 CITY : FRISCO
STATE/ZIP : TX 75034
MORTGAGE AMOUNT : 432,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,912.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031277221 MORTGAGORS: MULVEY KEVIN
MULVEY AMY
REGION CODE ADDRESS : 10450 WOODBURN DRIVE
01 CITY : POWELL
STATE/ZIP : OH 43065
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,543.79 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 71.86500
----------------------------------------------------------------
0 0031277643 MORTGAGORS: PAYETTE STEPHEN
PAYETTE CHRISTINE
REGION CODE ADDRESS : 819 10TH AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,310.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031278344 MORTGAGORS: SANTOS RANDY
SANTOS ARLETE
REGION CODE ADDRESS : 5281 PAXTON COURT
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,660.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,800.00
P & I AMT: 9,876.87
UPB AMT: 1,442,053.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031278385 MORTGAGORS: STAMBERGER ROBERT
STAMBERGER LINDA
REGION CODE ADDRESS : 18 SEABRIDGE ROAD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,616.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.10600
----------------------------------------------------------------
0 0031278443 MORTGAGORS: ROSENSTIEL JACQUES
ROSENSTIEL MARGARET
REGION CODE ADDRESS : 560 SEEFOREVER DRIVE
01 CITY : SAN MARCOS
STATE/ZIP : CA 92069
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,702.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,398.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.28758
----------------------------------------------------------------
0 0031278468 MORTGAGORS: SCOTT GREGORY
SCOTT KATHERYN
REGION CODE ADDRESS : 6705 PAGEANT DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,084.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,144.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031278807 MORTGAGORS: CLARK DOUGLAS
CLARK SUZANNE
REGION CODE ADDRESS : 234 SOUTH MYERS STREET
01 CITY : BURBANK
STATE/ZIP : CA 91506
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,329.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031278823 MORTGAGORS: BRIDGE CHRISTOPHER
BRIDGE CAROLYN
REGION CODE ADDRESS : 109 VIA YELLA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 305,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,873.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,133.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.02000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,600.00
P & I AMT: 11,149.07
UPB AMT: 1,596,606.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031280092 MORTGAGORS: LIPUS CRAIG
LIPUS ROBIN
REGION CODE ADDRESS : 19692 TORRES WAY
01 CITY : TRABUCO CANYON (AREA)
STATE/ZIP : CA 92679
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031280134 MORTGAGORS: MURPHY MICHAEL
MURPHY JUDITH
REGION CODE ADDRESS : 15 BERKSHIRE DRIVE
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.22200
----------------------------------------------------------------
0 0031281009 MORTGAGORS: AYRES DAVID
AYRES ANAYIS
REGION CODE ADDRESS : 80 CHEROKEE COURT
01 CITY : SPARTA
STATE/ZIP : NJ 07871
MORTGAGE AMOUNT : 405,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,899.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,833.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031281033 MORTGAGORS: SHAPOSHNIKOV MICHAEL
SHAPOSHNIKOV SIGFREIDA
REGION CODE ADDRESS : 1091 PACHECO STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
0 0031281066 MORTGAGORS: SEMKOFF ARTHUR
REGION CODE ADDRESS : 733 PROSPECT ROW
01 CITY : SAN MATEO
STATE/ZIP : CA 94401
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,567.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,607,200.00
P & I AMT: 11,184.23
UPB AMT: 1,605,740.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031281207 MORTGAGORS: TAN HEN-YOU
CHAU RITA
REGION CODE ADDRESS : 404 EAST 40TH AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 259,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,353.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031281215 MORTGAGORS: TANSEY CASEY
TANSEY RACHELE
REGION CODE ADDRESS : 289 KINGS COURT
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,084.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,144.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 44.77600
----------------------------------------------------------------
0 0031281231 MORTGAGORS: TALWAR DEVINDER
TALWAR JINDI
REGION CODE ADDRESS : 2271 AVENIDA LAS RAMBLAS
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 183,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,375.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,284.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031281249 MORTGAGORS: TILLOTSON RUSTY
ZUECK GEORGE
REGION CODE ADDRESS : 22242 DESTELLO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,624.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031281272 MORTGAGORS: SUR NANCY
REGION CODE ADDRESS : 143-147 2ND AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 619,099.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,388.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.48101
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,915,500.00
P & I AMT: 13,373.23
UPB AMT: 1,912,537.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031281348 MORTGAGORS: PRUETT WILLIAM
PRUETT ELIZABETH
REGION CODE ADDRESS : 25 ROWLAND STREET
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 198,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 198,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,350.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031282973 MORTGAGORS: LEWIS JOHN
BAILEY WARREN
REGION CODE ADDRESS : 3709 PETER PAN DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75229
MORTGAGE AMOUNT : 183,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 183,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,265.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031283013 MORTGAGORS: BEATTY JAMES
BEATTY ANNETTE
REGION CODE ADDRESS : 2401 OAK LEAF DRIVE
01 CITY : STATE COLLEGE
STATE/ZIP : PA 16803
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.00000
----------------------------------------------------------------
0 0031283062 MORTGAGORS: ROSENTHAL HARVEY
ROSENTHAL CATHERINE
REGION CODE ADDRESS : 1 WESTCHESTER COURT
01 CITY : COTO DE CAZA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,335.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031283096 MORTGAGORS: CHERRY SHANE
CHERRY GRACE
REGION CODE ADDRESS : 19514 DONORA STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,118.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,235,500.00
P & I AMT: 8,590.63
UPB AMT: 1,234,653.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031283955 MORTGAGORS: ZIMMERMAN WAYNE
ZIMMERMAN CHRISTINE
REGION CODE ADDRESS : 28194 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 307,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,210.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99800
----------------------------------------------------------------
0 0031284235 MORTGAGORS: EDELSON DANIEL
EDELSON VIVIAN
REGION CODE ADDRESS : 3016 PARK PLACE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.41700
----------------------------------------------------------------
0 0031284474 MORTGAGORS: MCCREA PETER
MCCREA WILLINDA
REGION CODE ADDRESS : 1024 LAKE STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 33.76600
----------------------------------------------------------------
0 0031284581 MORTGAGORS: DEMASSI JOHN
DEMASSI CATHERINE
REGION CODE ADDRESS : 24 GATES AVENUE
01 CITY : HUDSON
STATE/ZIP : MA 01749
MORTGAGE AMOUNT : 139,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,109.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.97700
----------------------------------------------------------------
0 0031285190 MORTGAGORS: GONZALES RICHARD
GONZALES CARMEN
REGION CODE ADDRESS : 4928 J PARKWAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95823
MORTGAGE AMOUNT : 109,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,172.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 782.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,071,700.00
P & I AMT: 7,597.16
UPB AMT: 1,070,995.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031285604 MORTGAGORS: MILES RONALD
MILES SUSAN
REGION CODE ADDRESS : 372 SOUTH BORDER ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,752.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031285638 MORTGAGORS: ZEMAN GARY
ZEMAN MARGARET
REGION CODE ADDRESS : 7 LIBERTY LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,108.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,527.36 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031287493 MORTGAGORS: ZUBER JOHN
ZUBER DANA
REGION CODE ADDRESS : 6 WHISPERING WAY
01 CITY : WARREN
STATE/ZIP : NJ 07059
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.42200
----------------------------------------------------------------
0 0031287709 MORTGAGORS: KOSAR EROL
KOSAR ARZU
REGION CODE ADDRESS : 211 AVENUE H
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,725.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,401.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031288137 MORTGAGORS: NESMITH ALVIN
NESMITH DELORES
REGION CODE ADDRESS : 120 CASTLETON COURT
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,307.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 84.55800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,732,000.00
P & I AMT: 12,101.83
UPB AMT: 1,730,892.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031288343 MORTGAGORS: TOUFEEQ IMRAN
TOUFEEQ MEHJABEEN
REGION CODE ADDRESS : 731 SMITH KUHLMAN ROAD
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,620.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,200.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.37000
----------------------------------------------------------------
0 0031288806 MORTGAGORS: STENSETH ARNIE
ERICKSON ROSEMARY
REGION CODE ADDRESS : 3021 28TH STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92104
MORTGAGE AMOUNT : 357,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,427.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0031289382 MORTGAGORS: SAARI KENT
SAARI CHARLENE
REGION CODE ADDRESS : 11621 LINDEN GROVE DRIVE
01 CITY : FORT WAYNE
STATE/ZIP : IN 46845
MORTGAGE AMOUNT : 270,135.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,135.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,842.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.00900
----------------------------------------------------------------
0 0031290018 MORTGAGORS: ROBINSON MAUREEN
REGION CODE ADDRESS : 3903 HAYVENHURST AVE
01 CITY : ENCINO
STATE/ZIP : CA 91436
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.83100
----------------------------------------------------------------
0 0031290034 MORTGAGORS: GAVISH URI
GAVISH SMADAR
REGION CODE ADDRESS : 12366 CASCADES POINTE DRIVE
01 CITY : BOCA RATON
STATE/ZIP : FL 33428
MORTGAGE AMOUNT : 215,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,505.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.89200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,603,135.00
P & I AMT: 11,060.70
UPB AMT: 1,602,281.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031290067 MORTGAGORS: LEVEQUE VINCENT
JEFCHAK KAREN
REGION CODE ADDRESS : 444 NORTH PLYMOUTH BOULVEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,100.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031291057 MORTGAGORS: LEONE GARY
LEONE CAROL
REGION CODE ADDRESS : 1107 BEACH AVENUE UNIT #B-1
01 CITY : CAPE MAY
STATE/ZIP : NJ 08204
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,530.69 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0031291602 MORTGAGORS: METTLER STEPHEN
METTLER KATHI
REGION CODE ADDRESS : 1575 MILL PLAIN ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 369,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.96200
----------------------------------------------------------------
0 0031291917 MORTGAGORS: DAVIS MICHAEL
DAVIS LORNA
REGION CODE ADDRESS : 4174 TRAILCREST DRIVE
01 CITY : CITY OF MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,829.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.65700
----------------------------------------------------------------
0 0031294192 MORTGAGORS: THOMSON PETER
THOMSON ANDREA
REGION CODE ADDRESS : 310 HIGH RIDGE RD
01 CITY : GREENVILLE
STATE/ZIP : DE 19807
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.71 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.06800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,900.00
P & I AMT: 9,108.87
UPB AMT: 1,347,430.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031295405 MORTGAGORS: GONZALES MARK
GONZALES KATHERINE
REGION CODE ADDRESS : 845 SIR FRANCIS AVENUE
01 CITY : CAPITOLA
STATE/ZIP : CA 95010
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031295496 MORTGAGORS: TRAN HAI
TRAN HOAN MARIA ANNA
REGION CODE ADDRESS : 1631 CORTE DE ANNA
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,759.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.69700
----------------------------------------------------------------
0 0031295520 MORTGAGORS: BURGNER CRAIG
YOUNG TOM
REGION CODE ADDRESS : 2109 HARRIMAN LANE B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------
0 0031295546 MORTGAGORS: RAKESTRAW MICHAEL
REGION CODE ADDRESS : 330 MAGNOLIA DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 289,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,035.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.59000
----------------------------------------------------------------
0 0031298847 MORTGAGORS: PARNIANI ALIREZA
RADJABI LAILA
REGION CODE ADDRESS : 8118 EAST SAN LUIS DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 285,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,938.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.04000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,400.00
P & I AMT: 9,858.66
UPB AMT: 1,419,329.67
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031298938 MORTGAGORS: BORENSTEIN JEFF
BORENSTEIN ESTER
REGION CODE ADDRESS : 18735 LISBURN PLACE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 244,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,563.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.69700
----------------------------------------------------------------
0 0031298946 MORTGAGORS: O'ROURKE MICHAEL
O'ROURKE ELISA
REGION CODE ADDRESS : 5 FERNHOLLOW ROAD
01 CITY : BOONTON
STATE/ZIP : NJ 07005
MORTGAGE AMOUNT : 348,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,347.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031299100 MORTGAGORS: KAPLAN LINDA
REGION CODE ADDRESS : 422 GOLDENWEST STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,813.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.75000
----------------------------------------------------------------
0 0031299134 MORTGAGORS: BOYACK STEVEN
BOYACK MERRILEE
REGION CODE ADDRESS : 14418 CRESTWOOD AVENUE
01 CITY : POWAY
STATE/ZIP : CA 92064
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.78800
----------------------------------------------------------------
0 0031300189 MORTGAGORS: MORAWIEC PETR
MORAWIEC HYE
REGION CODE ADDRESS : 4500 EL ABACA PLACE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 298,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,928.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.84200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,400.00
P & I AMT: 9,822.28
UPB AMT: 1,426,583.89
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031300809 MORTGAGORS: MARTIN LYNNDA
REGION CODE ADDRESS : 7 MANOR DRIVE
01 CITY : RAMSEY
STATE/ZIP : NJ 07446
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,510.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.02000
----------------------------------------------------------------
0 0031300973 MORTGAGORS: SOELLNER CHARLES
REGION CODE ADDRESS : 5206 HEATHROW HILLS DR
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 555,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 554,577.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,833.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 57.81200
----------------------------------------------------------------
0 0031301179 MORTGAGORS: BOYLE EDWARD
BOYLE GLORIA
REGION CODE ADDRESS : 3010 LAKESIDE DRIVE
01 CITY : HIGHLAND VILLAGE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 264,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,198.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.44400
----------------------------------------------------------------
0 0031301450 MORTGAGORS: SYLVESTER JON
REGION CODE ADDRESS : 6151 RIDGEMONT DR.
01 CITY : OAKLAND
STATE/ZIP : CA 94619
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0031301872 MORTGAGORS: INGRAM DARRELL
INGRAM JANE
REGION CODE ADDRESS : 5521 EAST 107TH PLACE SOUTH
01 CITY : TULSA
STATE/ZIP : OK 74137
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,773,400.00
P & I AMT: 12,329.92
UPB AMT: 1,772,568.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031302185 MORTGAGORS: MCKEON DAVID
MCKEON BARBARA
REGION CODE ADDRESS : 7101 WISTERIA WAY
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.16500
----------------------------------------------------------------
0 0031302201 MORTGAGORS: BLAIR ROBERT
BLAIR TAMRA
REGION CODE ADDRESS : 602-604 8TH PLACE
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,768.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031302391 MORTGAGORS: ROBIDOUX PHILLIP
ROBIDOUX PEGGY
REGION CODE ADDRESS : 168 HOLLAND COURT
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,089.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 49.13000
----------------------------------------------------------------
0 0031302557 MORTGAGORS: DOUGHERTY JAMES
DOUGHERTY JUDITH
REGION CODE ADDRESS : 1037 GRANDVIEW AVENUE
01 CITY : FULLERTON
STATE/ZIP : CA 92635
MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,055.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.01 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031302912 MORTGAGORS: DAYRIT MELVIN
DAYRIT LENNY
REGION CODE ADDRESS : 12 CELESTE PLACE
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,693.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,684.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.81800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,000.00
P & I AMT: 10,627.66
UPB AMT: 1,533,384.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031303670 MORTGAGORS: SCHMID JOHN
MALIK SUZANNE
REGION CODE ADDRESS : 1718 ADELINE DRIVE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,281.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.00400
----------------------------------------------------------------
0 0031303746 MORTGAGORS: DAVIS ROBERT
DAVIS JULIANNE
REGION CODE ADDRESS : 1571 RANCHO HILLS DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,580.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,024.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.24300
----------------------------------------------------------------
0 0031303928 MORTGAGORS: HOLZ BRUCE
REGION CODE ADDRESS : 3269 DE WITT DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 132,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 131,899.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 911.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.01200
----------------------------------------------------------------
0 0031303969 MORTGAGORS: LANDIS ROBERT
LANDIS GINNY
REGION CODE ADDRESS : 13567 PENFIELD POINT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 291,760.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,543.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,040.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 45.58700
----------------------------------------------------------------
0 0031303993 MORTGAGORS: ZONNI JOSEPH
REGION CODE ADDRESS : 2656 TURNBULL CANYON ROAD
01 CITY : HACIENDA HEIGHTS AREA LOS
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,829.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.10000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,237,760.00
P & I AMT: 8,643.33
UPB AMT: 1,236,133.78
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031304009 MORTGAGORS: EDWARDS DALE
EDWARDS DEBRA
REGION CODE ADDRESS : 8011 CHASE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,625.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.14900
----------------------------------------------------------------
0 0031304041 MORTGAGORS: BECK STEPHEN
BECK KAZUKO
REGION CODE ADDRESS : 2474 TWYLA COURT
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,223.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.94700
----------------------------------------------------------------
0 0031304603 MORTGAGORS: CAMP ROBERT
CAMP ANN
REGION CODE ADDRESS : 55 ORCHARD DRIVE
01 CITY : REDDING
STATE/ZIP : CT 06896
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.07600
----------------------------------------------------------------
0 0031304819 MORTGAGORS: SYLVESTRO JOHN
SYLVERSTRO IDIA
REGION CODE ADDRESS : 11253 GRAMERCY PLACE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92505
MORTGAGE AMOUNT : 110,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,918.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 769.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 93.22000
----------------------------------------------------------------
0 0031304884 MORTGAGORS: VAUGHAN LINDA
REGION CODE ADDRESS : 2588 VANTAGE WAY
01 CITY : DEL MAR
STATE/ZIP : CA 92014
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,243,400.00
P & I AMT: 8,722.88
UPB AMT: 1,242,523.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031305204 MORTGAGORS: HWANG I-HUA
YOUNG JULIE
REGION CODE ADDRESS : 404 BIRKHAVEN PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 257,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,904.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031305287 MORTGAGORS: BERG JEFFREY
REGION CODE ADDRESS : 5855 LAKEVIEW DRIVE
01 CITY : MINNETRISTA
STATE/ZIP : MN 55364
MORTGAGE AMOUNT : 292,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,408.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,172.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031305667 MORTGAGORS: TRUONG JIMMY
MA ANGELA
REGION CODE ADDRESS : 1911 46TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 201,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 201,442.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,375.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031306103 MORTGAGORS: SMITH PAUL
MADISON MOLLY
REGION CODE ADDRESS : 130 SPAULDING CREEK COURT
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.90200
----------------------------------------------------------------
0 0031308281 MORTGAGORS: MORWOOD RICHARD
MORWOOD BARBARA
REGION CODE ADDRESS : 7630 KIRWIN LANE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 420,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,403.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,013.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.98900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,475,000.00
P & I AMT: 10,378.87
UPB AMT: 1,474,158.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031309065 MORTGAGORS: MAROKUS ROY
MAROKUS PATTI
REGION CODE ADDRESS : 1604 VALLEYWOOD TRAIL
01 CITY : MANSFIELD
STATE/ZIP : TX 76063
MORTGAGE AMOUNT : 289,377.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,162.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031310105 MORTGAGORS: MORRIS RICHARD
MORRIS CYNTHIA
REGION CODE ADDRESS : 20032 SHADOW HILLS COURT
01 CITY : SAUGUS AREA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 228,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,430.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,598.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.20000
----------------------------------------------------------------
0 0031310121 MORTGAGORS: SOBHY MOHAMED
SOBHY HALA
REGION CODE ADDRESS : 433 NORTH TIDLAND CIRCLE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.03200
----------------------------------------------------------------
0 0031310154 MORTGAGORS: THUME STEPHEN
THUME GLYNDA
REGION CODE ADDRESS : 22108 LONDELIUS STREET
01 CITY : WEST HILLS AREA LOS ANGEL
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,316.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.83800
----------------------------------------------------------------
0 0031310162 MORTGAGORS: CONATSER SHELL
CONATSER DESIREE
REGION CODE ADDRESS : 22621 PUNTAL LANA
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 313,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,865.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,191.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.51800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,323,877.00
P & I AMT: 9,256.76
UPB AMT: 1,322,592.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031310170 MORTGAGORS: HARPER CLIFFORD
HALLIGAN FAITH
REGION CODE ADDRESS : 2304 NEARCLIFF STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,311.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031310253 MORTGAGORS: ROSSI J
ROSSI IRENE
REGION CODE ADDRESS : 3 ALDEA
01 CITY : IRVINE
STATE/ZIP : CA 92620
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.15000
----------------------------------------------------------------
0 0031310329 MORTGAGORS: CACERES PAUL
CACERES MICHELLE
REGION CODE ADDRESS : 12 ASHTON
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,212.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.11400
----------------------------------------------------------------
0 0031311053 MORTGAGORS: SMITH J.
REGION CODE ADDRESS : 5630 MULBERRY RIDGE DRIVE
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 118,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 118,609.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 819.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 50.51000
----------------------------------------------------------------
0 0031311400 MORTGAGORS: PADGETT MICHAEL
FORDHAM KATHLENE
REGION CODE ADDRESS : 9550 RANCHO HILL DRIVE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,572.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,145.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99436
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,194,900.00
P & I AMT: 8,344.78
UPB AMT: 1,193,507.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031314271 MORTGAGORS: PADDEN RODD
PADDEN SANDRA
REGION CODE ADDRESS : 76 SUGAR LOAF MOUNTAIN RD
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.78700
----------------------------------------------------------------
0 0031314354 MORTGAGORS: RAYMUNDO RONNIE
RAYMUNDO ARLENE
REGION CODE ADDRESS : 1384 KETTERING
01 CITY : MUNDELEIN
STATE/ZIP : IL 60060
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.42600
----------------------------------------------------------------
0 0031314610 MORTGAGORS: ENDO YUKO
REGION CODE ADDRESS : 975 MASSACHUSETS AVENUE, UNIT #505
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 144,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 970.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.55800
----------------------------------------------------------------
0 0031314834 MORTGAGORS: COUGHLAN LOUISE
COUGHLAN DAVID
REGION CODE ADDRESS : 12 LAWRENCE STREET
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,744.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031314925 MORTGAGORS: ARTINIAN TAKOUHI
REGION CODE ADDRESS : 27170 PACIFIC HEIGHTS DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 346,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,657.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,600.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.89600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,320,350.00
P & I AMT: 9,232.67
UPB AMT: 1,319,651.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031314958 MORTGAGORS: SALTZMAN JAY
SALTZMAN FERNE
REGION CODE ADDRESS : 10043 DONNA AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91324
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,516.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
0 0031315021 MORTGAGORS: TAYLOR DAVID
TAYLOR KRISTIN
REGION CODE ADDRESS : 37 TUFTS ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.88900
----------------------------------------------------------------
0 0031315070 MORTGAGORS: ANDERSEN ERIC
ANDERSEN TAMMIE
REGION CODE ADDRESS : 2653 ORCHARD DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 288,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,224.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98524
----------------------------------------------------------------
0 0031315161 MORTGAGORS: ROLAND MICHAEL
ROLAND JILL
REGION CODE ADDRESS : 12508 SORA WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92129
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,229.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031315427 MORTGAGORS: BRUNO JOHN
BRUNO SUZANNE
REGION CODE ADDRESS : 119-121 LORING AVENUE
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,408.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,323,550.00
P & I AMT: 9,338.72
UPB AMT: 1,322,470.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031315542 MORTGAGORS: ROLDAN ARSENIO
ROLDAN MARIA
REGION CODE ADDRESS : 1969 O'FARRELL STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,553.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031315559 MORTGAGORS: HARWELL CHRISTINE
REGION CODE ADDRESS : 7719 HANNUM AVE
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,610.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.98400
----------------------------------------------------------------
0 0031315583 MORTGAGORS: THERIOT DALE
THERIOT CHRISTINE
REGION CODE ADDRESS : 1838 SOMERSET AVENUE
01 CITY : ENCINITAS
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 367,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,920.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,536.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031315989 MORTGAGORS: ARDITE BRYAN
REGION CODE ADDRESS : 1 MADISON COURT
01 CITY : TOWNSHIP OF EVESHAM
STATE/ZIP : NJ 08053
MORTGAGE AMOUNT : 237,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,032.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0031316110 MORTGAGORS: KERSTER MATTHEW
FINE CARRIE
REGION CODE ADDRESS : 726 AVENUE A
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 577,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 577,049.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,939.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,674,600.00
P & I AMT: 11,618.07
UPB AMT: 1,673,166.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031316268 MORTGAGORS: WAY JAMES
WAY LORI
REGION CODE ADDRESS : 16851 HELIUM ST NW
01 CITY : RAMSEY
STATE/ZIP : MN 55303
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031316334 MORTGAGORS: GUELFI RALPH
GUELFI NANCY
REGION CODE ADDRESS : 3321 BOWMORE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 302,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,233.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,167.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.08400
----------------------------------------------------------------
0 0031316383 MORTGAGORS: WIEST D.
WIEST ANN
REGION CODE ADDRESS : 4163 SOUTH CUMBERLAND ROAD
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84124
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,750.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.36363
----------------------------------------------------------------
0 0031316540 MORTGAGORS: PAULAUSKAS WILLIAM
PAULAUSKAS VICTORIA
REGION CODE ADDRESS : 18 MICHELE DRIVE
01 CITY : TOMS RIVER
STATE/ZIP : NJ 08753
MORTGAGE AMOUNT : 45,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 44,939.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 330.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 50.00000
----------------------------------------------------------------
0 0031316573 MORTGAGORS: VEA CARY
VEA KAREN
REGION CODE ADDRESS : 13460 COLONY AVENUE
01 CITY : SAN MARTIN
STATE/ZIP : CA 95046
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,679.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,827.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 05/01/24
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 47.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,376,500.00
P & I AMT: 9,502.49
UPB AMT: 1,356,603.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031316847 MORTGAGORS: SCHAFER JACQUELINE
REGION CODE ADDRESS : 3955 CLOVER VALLEY ROAD
01 CITY : ROCKLIN
STATE/ZIP : CA 95677
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,389.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/24
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031317381 MORTGAGORS: CONNERTON DARRELL
CONNERTON KAREN
REGION CODE ADDRESS : 31618 CORTE ROSARIO
01 CITY : TEMECULA
STATE/ZIP : CA 92592
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031317670 MORTGAGORS: BUDNICK CHRISTOPHER
REGION CODE ADDRESS : 2215 EAST 16TH STREET
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92633
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.02700
----------------------------------------------------------------
0 0031318009 MORTGAGORS: PAPA GERARD
PAPA SUSAN
REGION CODE ADDRESS : 712 CAMINO REAL
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,288.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.20500
----------------------------------------------------------------
0 0031318546 MORTGAGORS: HSIA ALEX
HSIA SHERRY
REGION CODE ADDRESS : 24702 LAS ALTURAS COURT
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,821.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.94000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,281,500.00
P & I AMT: 9,061.73
UPB AMT: 1,272,935.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031318561 MORTGAGORS: MEYERS BARRY
MEYERS LAURIE
REGION CODE ADDRESS : 3466 CLAREMORE AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.91600
----------------------------------------------------------------
0 0031318694 MORTGAGORS: BANDHAUER MARK
BANDHAUER KATRIN
REGION CODE ADDRESS : 6421 EAST SHADY VALLEY LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,804.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.35200
----------------------------------------------------------------
0 0031318710 MORTGAGORS: ALARCON MAURO
ALARCON CLARA
REGION CODE ADDRESS : 2789 FOUTHPLAIN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.64100
----------------------------------------------------------------
0 0031318728 MORTGAGORS: DAVIS MARTHA
REGION CODE ADDRESS : 914 OLD HAWTHORNE ROAD
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,680.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,496.33 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031318736 MORTGAGORS: IGNATUK J.
IGNATUK CYNTHIA
REGION CODE ADDRESS : 12515 HAZELTINE DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 367,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,927.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,567.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.96700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,490,200.00
P & I AMT: 10,259.03
UPB AMT: 1,489,056.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031318744 MORTGAGORS: JONCICH LUKE
JONCICH TERESA
REGION CODE ADDRESS : 28911 MIRA VISTA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,325.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,639.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.97000
----------------------------------------------------------------
0 0031318751 MORTGAGORS: DAVENPORT KEVIN
DAVENPORT IKALA
REGION CODE ADDRESS : 1020 NORTH 2ND STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95112
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 82.94300
----------------------------------------------------------------
0 0031318850 MORTGAGORS: PROWELL ROY
FRETTER GRETCHEN
REGION CODE ADDRESS : 2575 SANDRIDGE ROAD
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,754.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.41100
----------------------------------------------------------------
0 0031319130 MORTGAGORS: LITTLEY STAN
REGION CODE ADDRESS : 22732 LAS BRISAS CIRCLE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 365,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,314.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031319239 MORTGAGORS: LOOSPARI ROMIK
REGION CODE ADDRESS : 2 MORGAN COURT
01 CITY : BEDMINSTER
STATE/ZIP : NJ 07921
MORTGAGE AMOUNT : 119,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 119,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 815.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,262,700.00
P & I AMT: 8,754.81
UPB AMT: 1,261,802.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031319445 MORTGAGORS: CRISERA JAMES
DUZAN MELISSA
REGION CODE ADDRESS : 1931 BOYER AVENUE EAST
01 CITY : SEATTLE
STATE/ZIP : WA 98112
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,506.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031319700 MORTGAGORS: DONLAN THOMAS
DONLAN ALISON
REGION CODE ADDRESS : 609 FRANKLIN AVENUE
01 CITY : RIVER FOREST
STATE/ZIP : IL 60305
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 86.02100
----------------------------------------------------------------
0 0031319783 MORTGAGORS: ZINMAN BRIAN
ZINMAN JUDY
REGION CODE ADDRESS : 314 EARLES LANE
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.97260
----------------------------------------------------------------
0 0031320070 MORTGAGORS: RIGGIO JOSEPH
RIGGIO LYNN
REGION CODE ADDRESS : 122 WILDER AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.38095
----------------------------------------------------------------
0 0031320914 MORTGAGORS: VELEZ LUIS
VELEZ NIVEA
REGION CODE ADDRESS : 8447 SW 139 TERRACE
01 CITY : MIAMI
STATE/ZIP : FL 33158
MORTGAGE AMOUNT : 327,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,178.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,749,450.00
P & I AMT: 11,992.38
UPB AMT: 1,748,863.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031321326 MORTGAGORS: EICHOLZ ROBERT
SCOTT STEVEN
REGION CODE ADDRESS : 2009 EL CERRITO PLACE
01 CITY : HOLLYWOOD AREA LOS ANGELE
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 490,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,836.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,427.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.19600
----------------------------------------------------------------
0 0031321409 MORTGAGORS: YU SOPHIE
YU WAYNE
REGION CODE ADDRESS : 2 BRENTWOOD
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 316,160.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,913.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031321581 MORTGAGORS: JAFFE ROBERTA
GLIESSMAN STEPHEN
REGION CODE ADDRESS : 144 DELA COSTA AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,435.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0031321755 MORTGAGORS: MOORE THOMAS
REGION CODE ADDRESS : 315 MERRILL AVENUE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031321763 MORTGAGORS: YAMATANI RYAN
BRYNER DAVID
REGION CODE ADDRESS : 333 VIRGINIA STREET # 12
01 CITY : EL SEGUNDO
STATE/ZIP : CA 90245
MORTGAGE AMOUNT : 226,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,754.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,561.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,615,460.00
P & I AMT: 11,104.58
UPB AMT: 1,613,720.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031321797 MORTGAGORS: DERUDDER JOHN
DERUDDER AMY
REGION CODE ADDRESS : 11114 COVEY LANE
01 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 111,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 111,308.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 741.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
0 0031322019 MORTGAGORS: KRUCKENBERG DALE
KRUCKENBERG PHYLLIS
REGION CODE ADDRESS : 880 MEADOW PASS ROAD
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,217.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,410.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031322571 MORTGAGORS: HAMILTON MICHAEL
REGION CODE ADDRESS : 810 NORTH ORLANDO AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,795.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.18300
----------------------------------------------------------------
0 0031322928 MORTGAGORS: BECKWITH DAVID
BECKWITH CAROLYN
REGION CODE ADDRESS : 85 GLORIA CIRCLE
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,594.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,788.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.11100
----------------------------------------------------------------
0 0031322944 MORTGAGORS: WRIGHT JEFFREY
WRIGHT MARJORIE
REGION CODE ADDRESS : 16357 BEHR MOUNTAIN ROAD
01 CITY : GRASS VALLEY
STATE/ZIP : CA 95945
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,734.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,713,900.00
P & I AMT: 12,095.71
UPB AMT: 1,710,650.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031323058 MORTGAGORS: BRUNO MICHAEL
BRUNO MARIA
REGION CODE ADDRESS : 30 VIA MILPITAS
01 CITY : CARMEL VALLEY
STATE/ZIP : CA 93924
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031323066 MORTGAGORS: ROSICKI JACEK
CHIN ANN
REGION CODE ADDRESS : 1835 MIDDLEFIELD ROAD
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,653.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,142.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031323082 MORTGAGORS: SCHOONBROOD MARC
SCHOONBROOD LAURA
REGION CODE ADDRESS : 496 WELLINGTON DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.36200
----------------------------------------------------------------
0 0031323090 MORTGAGORS: STANLEY DENNIS
STANLEY DEBORAH
REGION CODE ADDRESS : 591 PEPPERTREE DRIVE
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,609.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031323124 MORTGAGORS: MIMS STEWART
MIMS ROBIN
REGION CODE ADDRESS : 19 NEWCASTLE LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 44.11700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,546,000.00
P & I AMT: 10,657.98
UPB AMT: 1,544,194.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031323132 MORTGAGORS: PHILIPOVITCH EUSIC
PHILIPOVITCH JEANNETTE
REGION CODE ADDRESS : 7952 PINEVILLE CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 301,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,762.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031323181 MORTGAGORS: DEVLIN JOHN
DEVLIN SUZANNE
REGION CODE ADDRESS : 30 SHANNON CIRCLE
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 325,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,661.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.96 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031323215 MORTGAGORS: DE MARTINO LOUIS
VERNIER PATRICIA
REGION CODE ADDRESS : 38921 HOWARD ROAD
01 CITY : ANZA AREA
STATE/ZIP : CA 92539
MORTGAGE AMOUNT : 173,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 173,343.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,096.64 OUTSIDE CONV DATE :
LIFETIME RATE : 6.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.50000 PRODUCT CODE : 002
LTV : 57.83300
----------------------------------------------------------------
0 0031323413 MORTGAGORS: PATEL RAJANIKANT
PATEL NISHA
REGION CODE ADDRESS : 18841 TILSON AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,424.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 55.64388
----------------------------------------------------------------
0 0031323421 MORTGAGORS: WHITE WILLIAM
WHITE CATHERINE
REGION CODE ADDRESS : 1673 MAR WEST STREET
01 CITY : TIBURON
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,431.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,465.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 66.08600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,500.00
P & I AMT: 11,086.17
UPB AMT: 1,603,622.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031323439 MORTGAGORS: ONDERS RANDAL
ONDERS JOAN
REGION CODE ADDRESS : 9208 SHIRLEY DRIVE
01 CITY : LA MESA
STATE/ZIP : CA 91941
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,323.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031323462 MORTGAGORS: THURNER JOSEPH
THURNER KAREN
REGION CODE ADDRESS : 17 BRISTLECONE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 268,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,500.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.95800
----------------------------------------------------------------
0 0031324452 MORTGAGORS: MOHNIKE JONATHAN
MOHNIKE KRISTIN
REGION CODE ADDRESS : 5150 ATAJO AVENUE
01 CITY : ATASCADERO
STATE/ZIP : CA 93422
MORTGAGE AMOUNT : 203,247.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,088.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,386.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 92.38500
----------------------------------------------------------------
0 0031324999 MORTGAGORS: PATEL NILESH
REGION CODE ADDRESS : 31201 NORTH BLACK CROSS ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 343,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.98800
----------------------------------------------------------------
0 0031325236 MORTGAGORS: HINES MICHAEL
HINES JEAN
REGION CODE ADDRESS : 61 SOUTH LA SENDA DRIVE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92677
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.30340
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,533,047.00
P & I AMT: 10,573.53
UPB AMT: 1,532,138.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031326275 MORTGAGORS: O'FARRELL DERMOT
KILDUFF BARBARA
REGION CODE ADDRESS : 78 TEWKSBURY STREET
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,465.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031327109 MORTGAGORS: MARKELL RICHARD
MARKELL KRISTIN
REGION CODE ADDRESS : 1306 EL CAMINO COURT
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 442,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,637.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,940.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 78.92800
----------------------------------------------------------------
0 0031327141 MORTGAGORS: LOZITO KAREN
REGION CODE ADDRESS : 5494 NORTH GATES AVENUE
01 CITY : FRESNO
STATE/ZIP : CA 93722
MORTGAGE AMOUNT : 72,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 72,697.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 514.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031327257 MORTGAGORS: SHERMAN SPENCER
STERNLIEB JANINE
REGION CODE ADDRESS : 625 DUFRANC AVENUE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 399,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,888.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,723.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031328644 MORTGAGORS: MILLER EVAN
MILLER MARY
REGION CODE ADDRESS : 1116 JERICHO COURT
01 CITY : KELLER
STATE/ZIP : TX 76262
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.75300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,150.00
P & I AMT: 9,434.88
UPB AMT: 1,398,423.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031329204 MORTGAGORS: FRANKEL HOWARD
FRANKEL DEBRA
REGION CODE ADDRESS : 17712 GLOBE THEATER DRIVE
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.55500
----------------------------------------------------------------
0 0031330806 MORTGAGORS: BUCKLEY HOWARD
BUCKLEY TERRI
REGION CODE ADDRESS : 22522 BIAK COURT
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,817.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.69200
----------------------------------------------------------------
0 0031330855 MORTGAGORS: HOFFMAN IRWIN
HOFFMAN TERRY
REGION CODE ADDRESS : 1425 EL CERRITO DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 279,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,297.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.63800
----------------------------------------------------------------
0 0031330962 MORTGAGORS: CHENG HOWIE
CHENG ALICE
REGION CODE ADDRESS : 13100 MOZART WAY
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,282.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.26600
----------------------------------------------------------------
0 0031330970 MORTGAGORS: MOSS KELVIN
MOSS LESLIE
REGION CODE ADDRESS : 5139 WESTBURY CIRCLE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,312.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 33.33300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,541,000.00
P & I AMT: 10,706.65
UPB AMT: 1,538,709.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031330996 MORTGAGORS: SAKAMOTO MYRON
SAKAMOTO HENLIE
REGION CODE ADDRESS : 7814 WOODHALL AVENUE (WEST HILLS AR
01 CITY : LOS ANGELES
STATE/ZIP : CA 91304
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.71200
----------------------------------------------------------------
0 0031331093 MORTGAGORS: DOUGHERTY BRUCE
DOUGHERTY SANDRA
REGION CODE ADDRESS : 245 NORTH HACIENDA AVENUE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,780.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.93300
----------------------------------------------------------------
0 0031331127 MORTGAGORS: MEHTA CHANDRAKANT
MEHTA NALINI
REGION CODE ADDRESS : 27635 SAN VALLE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 455,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,962.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,183.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.88300
----------------------------------------------------------------
0 0031332125 MORTGAGORS: KIRCHNER ROGER
KIRCHNER JENNIFER
REGION CODE ADDRESS : 3715 AUTUMN GLEN COURT
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,673.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,851.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.13000
----------------------------------------------------------------
0 0031332141 MORTGAGORS: DAVIS THOMAS
DAVIS JUDITH
REGION CODE ADDRESS : 10 NORTHVIEW COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 415,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,991.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,903.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.82882
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,851,600.00
P & I AMT: 12,875.45
UPB AMT: 1,850,209.98
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031332158 MORTGAGORS: HINNAU THOMAS
HINNAU ERIN
REGION CODE ADDRESS : 70 JANIS COURT
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.12300
----------------------------------------------------------------
0 0031332216 MORTGAGORS: MOTTRAM RICHARD
MOTTRAM BONNIE
REGION CODE ADDRESS : 24681 ELOISA DRIVE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,123.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,975.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0031332240 MORTGAGORS: FLORES PETRA
REGION CODE ADDRESS : 29295 JARRELL COURT
01 CITY : NUEVO AREA
STATE/ZIP : CA 92567
MORTGAGE AMOUNT : 158,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 158,425.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,136.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031332505 MORTGAGORS: JOHNSON ROBERT
JOHNSON MARILYN
REGION CODE ADDRESS : 4910 GROSVENOR CIRCLE
01 CITY : GRANITE WAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,777.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.34500
----------------------------------------------------------------
0 0031332588 MORTGAGORS: JORPAJIAN VACHE
REGION CODE ADDRESS : 1571 NORTH COLUMBUS AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 295,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,524.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,042.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.89300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,311,900.00
P & I AMT: 9,299.65
UPB AMT: 1,310,651.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031332612 MORTGAGORS: LAROCCA PAUL
LAROCCA AMANDA
REGION CODE ADDRESS : 119 HUMBOLDT STREET
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031332638 MORTGAGORS: GUGGIA GARY
GUGGIA CHRISTINE
REGION CODE ADDRESS : 4446 KRIS DRIVE
01 CITY : SANTA MARIA
STATE/ZIP : CA 93455
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.92900
----------------------------------------------------------------
0 0031332661 MORTGAGORS: BAILEY KEITH
COFFEY DEBORAH
REGION CODE ADDRESS : 390 LOWELL AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 477,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,646.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.94800
----------------------------------------------------------------
0 0031332711 MORTGAGORS: HEGARTY GEORGE
HEGARTY JUDITH
REGION CODE ADDRESS : 1530 NADINA STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,271.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.89700
----------------------------------------------------------------
0 0031332737 MORTGAGORS: BOLIARD ROBERT
BOLIARD NANCY
REGION CODE ADDRESS : 5526 GRANITE FALLS WAY
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,500.00
P & I AMT: 10,799.44
UPB AMT: 1,567,282.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031332802 MORTGAGORS: BUCK SCOTT
BUCK GEORGIA
REGION CODE ADDRESS : 1657 DEL MAR ROAD
01 CITY : OCEANSIDE
STATE/ZIP : CA 92057
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,310.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,919.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031332844 MORTGAGORS: DAVIDIAN GEORGE
DAVIDIAN ARMINE
REGION CODE ADDRESS : 10554 FERNGLEN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91042
MORTGAGE AMOUNT : 65,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 64,951.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 454.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
0 0031332901 MORTGAGORS: ARZATE MIGUEL
HUIE ELEANOR
REGION CODE ADDRESS : 2261 CHAPARRAL AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,505.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031333073 MORTGAGORS: ANNINO ALFREDO
ANNINO ZEN
REGION CODE ADDRESS : 3160 OAKDELL AVENUE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
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 : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 37.35600
----------------------------------------------------------------
0 0031333099 MORTGAGORS: CASSIDY STEVEN
CASSIDY HAVILAH
REGION CODE ADDRESS : 145 GLENDORA AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,728.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,238,900.00
P & I AMT: 8,661.07
UPB AMT: 1,236,988.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031333131 MORTGAGORS: BOWMAN MARK
BOWMAN JANET
REGION CODE ADDRESS : 9081 REGATTA DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031333149 MORTGAGORS: MIYA DAVID
MIYA DENISE
REGION CODE ADDRESS : 5311 DUKE DRIVE
01 CITY : LA PALMA
STATE/ZIP : CA 90623
MORTGAGE AMOUNT : 350,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,978.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.87100
----------------------------------------------------------------
0 0031333172 MORTGAGORS: EUBANK CARLYLE
EUBANK PATRICIA
REGION CODE ADDRESS : 3350 CALLE BONITA
01 CITY : SANTA YNEZ
STATE/ZIP : CA 93460
MORTGAGE AMOUNT : 571,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 570,149.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,992.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.44400
----------------------------------------------------------------
0 0031333222 MORTGAGORS: LINDBORG WILLIAM
REGION CODE ADDRESS : 232 MIRA MAR AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,825.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.60300
----------------------------------------------------------------
0 0031333271 MORTGAGORS: DANFELT CHRIS
DANFELT ROBIN
REGION CODE ADDRESS : 3563 FERRY LANE
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 236,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,757.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,593.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99040
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,950.00
P & I AMT: 11,371.23
UPB AMT: 1,638,518.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031333388 MORTGAGORS: MCDANNEL R
LIEBER SUSAN
REGION CODE ADDRESS : 662 JENNIE COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.17070
----------------------------------------------------------------
0 0031333412 MORTGAGORS: FIORELLO PAUL
HOPPER LISA
REGION CODE ADDRESS : 473 HADDON ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94606
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031334642 MORTGAGORS: RICHARD GEORGE
RICHARD CANDACE
REGION CODE ADDRESS : 120 BROOK STREET
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.11700
----------------------------------------------------------------
0 0031334659 MORTGAGORS: WAKEFIELD FREDRICK
KRAMER BARBARA
REGION CODE ADDRESS : 1931 LA CUESTA DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 347,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,228.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,370.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.56600
----------------------------------------------------------------
0 0031334782 MORTGAGORS: MCLINN FRANK
MCLINN LAURA
REGION CODE ADDRESS : 302 KITETAIL STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 318,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,676.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,532,650.00
P & I AMT: 10,583.27
UPB AMT: 1,531,245.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031334808 MORTGAGORS: MOON SHIAN
MOON HEIDY
REGION CODE ADDRESS : 13107 MOZART WAY
01 CITY : CERRITOS
STATE/ZIP : CA 90703
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.85635
----------------------------------------------------------------
0 0031334824 MORTGAGORS: ROSS THOMAS
ROSS MARTHA
REGION CODE ADDRESS : 95 WELLINGTON AVENUE
01 CITY : ROSS
STATE/ZIP : CA 94957
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,712.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.06700
----------------------------------------------------------------
0 0031334865 MORTGAGORS: LEE RICHARD
QUAN AGATHA
REGION CODE ADDRESS : 472 BISCAYNE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,852.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.07767
----------------------------------------------------------------
0 0031335847 MORTGAGORS: MEYERS STEVEN
MEYERS TERRI
REGION CODE ADDRESS : 9 AMATO
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,815.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.81200
----------------------------------------------------------------
0 0031337462 MORTGAGORS: LARSON KIRK
LARSON JULIE
REGION CODE ADDRESS : 601 LAGUNA ROAD
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.05200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,000.00
P & I AMT: 10,602.57
UPB AMT: 1,521,958.49
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031337991 MORTGAGORS: ACOB RAUL
ACOB FAINA
REGION CODE ADDRESS : 13 SEVILLE WAY
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.40250
----------------------------------------------------------------
0 0031338262 MORTGAGORS: KOCH MITCHELL
KOCH CATHERINE
REGION CODE ADDRESS : 1437 21ST STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,565.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,246.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031338288 MORTGAGORS: SONEFF GEORGE
KELLY ANN
REGION CODE ADDRESS : 500 VIA DE LA PAZ
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.26800
----------------------------------------------------------------
0 0031338320 MORTGAGORS: WISECARVER PATRICK
REGION CODE ADDRESS : 2712 PINE MEADOW COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 478,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,636.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031338338 MORTGAGORS: JONES L.
LACHELT LINDA
REGION CODE ADDRESS : 70 AND 80 BENNITT AVENUE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,805.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.63100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,302,000.00
P & I AMT: 16,022.56
UPB AMT: 2,300,274.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031339377 MORTGAGORS: BLANK CRAIG
REGION CODE ADDRESS : 7535 OLIVE DR
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031339567 MORTGAGORS: ROMERO JOYCE
REGION CODE ADDRESS : 5406 EAST ESTATE RIDGE ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,403.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031339609 MORTGAGORS: LOEB WAYNE
LOEB CATHERINE
REGION CODE ADDRESS : 7911 MENCKEN AVENUE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,757.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.33300
----------------------------------------------------------------
0 0031339781 MORTGAGORS: CHANG LIANG
CHANG LIEN
REGION CODE ADDRESS : 19837 SUNSET VISTA ROAD
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031340045 MORTGAGORS: QUACH DONG
QUACH BICH
REGION CODE ADDRESS : 18 BRIGADIER
01 CITY : IRVINE
STATE/ZIP : CA 92612
MORTGAGE AMOUNT : 588,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 587,563.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,111.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.81800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,786,600.00
P & I AMT: 12,389.96
UPB AMT: 1,785,250.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031340144 MORTGAGORS: ZEITER PABLO
ZEITER MICHELLE
REGION CODE ADDRESS : 6102 ROBERTA COURT
01 CITY : STOCKTON
STATE/ZIP : CA 95212
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,676.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 64.88500
----------------------------------------------------------------
0 0031340185 MORTGAGORS: SCHEIDT BRUCE
GREATHEAD SHEILA
REGION CODE ADDRESS : 1207 WOOD OAK COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031340235 MORTGAGORS: EDWARDS THOMAS
WELLER PETER
REGION CODE ADDRESS : 38 GORDON STREET
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.35600
----------------------------------------------------------------
0 0031340243 MORTGAGORS: LOFRANO ANTHONY
LOFRANO VALERIE
REGION CODE ADDRESS : 375 HIGHLAND AVENUE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,673.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,748.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031340268 MORTGAGORS: PALAFOX JESUS
PALAFOX LETICIA
REGION CODE ADDRESS : 516 THERESA DR
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,317.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.26400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,662,500.00
P & I AMT: 11,527.42
UPB AMT: 1,661,243.99
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031340375 MORTGAGORS: HOLT CARL
REGION CODE ADDRESS : 906 WOODWARD AVENUE
01 CITY : BIG RAPIDS
STATE/ZIP : MI 49307
MORTGAGE AMOUNT : 205,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 204,847.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,433.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 85.41600
----------------------------------------------------------------
0 0031341308 MORTGAGORS: MCDERMOTT WILLIAM
MCDERMOTT JENNIFER
REGION CODE ADDRESS : 6470 ASPENWOOD WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,025.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031342025 MORTGAGORS: PADRE MACARIO
PADRE RODINA
REGION CODE ADDRESS : 21 CRANWELL
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 250,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,364.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99200
----------------------------------------------------------------
0 0031342033 MORTGAGORS: WU DOREEN
REGION CODE ADDRESS : 927 CRESTVIEW DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,673.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342058 MORTGAGORS: ROMAIN GARY
ROMAIN CARIE
REGION CODE ADDRESS : 11458 MEADOW GRASS LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 320,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,360.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,600.00
P & I AMT: 10,248.85
UPB AMT: 1,462,271.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342074 MORTGAGORS: CHEN SHAW
CHEN YA-HUI
REGION CODE ADDRESS : 21376 AMULET DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 320,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,034.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.13200
----------------------------------------------------------------
0 0031342090 MORTGAGORS: PAYNE STEVEN
PAYNE GINA
REGION CODE ADDRESS : 5269 PEARLMAN WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 276,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,344.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.76600
----------------------------------------------------------------
0 0031342157 MORTGAGORS: FRANK TOD
BECKETT CRAIG
REGION CODE ADDRESS : 1936 SANDERLING CIRCLE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,323.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 83.68400
----------------------------------------------------------------
0 0031342199 MORTGAGORS: FORLOINE WILLIAM
FORLOINE CAIL
REGION CODE ADDRESS : 113 KESTREL COURT
01 CITY : BRISBANE
STATE/ZIP : CA 94005
MORTGAGE AMOUNT : 291,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,488.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.97600
----------------------------------------------------------------
0 0031342207 MORTGAGORS: GREY DANIEL
GARDNER-GREY PATRICIA
REGION CODE ADDRESS : 1422 GIBBONS DRIVE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,779.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.16600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,431,350.00
P & I AMT: 10,086.83
UPB AMT: 1,429,971.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342223 MORTGAGORS: GERWIEN NORMAN
GERWIEN KARYN
REGION CODE ADDRESS : 315 NORTH OAK TREE DRIVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,762.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.41176
----------------------------------------------------------------
0 0031342249 MORTGAGORS: SHEPPARD LONNIE
SHEPPARD CATHIE
REGION CODE ADDRESS : 5291 SOUTHAMPTON COVE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 393,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,585.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,653.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.97800
----------------------------------------------------------------
0 0031342256 MORTGAGORS: BECK TOBIN
REGION CODE ADDRESS : 4197 RUBY AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,939.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342272 MORTGAGORS: FOLEY RICHARD
FOLEY BETTE
REGION CODE ADDRESS : 21676 CANYON HEIGHTS CIRCLE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,819.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98300
----------------------------------------------------------------
0 0031342389 MORTGAGORS: COHEN ALAN
COHEN JANETTE
REGION CODE ADDRESS : 801 BARD STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 282,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,679.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.35700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,475,400.00
P & I AMT: 10,223.75
UPB AMT: 1,473,786.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342413 MORTGAGORS: MEYER SCOTT
MEYER SUSAN
REGION CODE ADDRESS : 18611 ERVIN LANE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,007.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342447 MORTGAGORS: PUTERMAN HOWARD
PUTERMAN KATHRYN
REGION CODE ADDRESS : 28711 PLEASANT KNOLL LANE
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,827.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342520 MORTGAGORS: HAMPEL BERND
HAMPEL MARIZEN
REGION CODE ADDRESS : 115 CALLE DE ANDALUCIA
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031342629 MORTGAGORS: BEARD DAVID
O'NEIL JEAN
REGION CODE ADDRESS : 5051 DUMONT PLACE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,726.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.12000
----------------------------------------------------------------
0 0031342652 MORTGAGORS: BAUHAUS DAN
BAUHAUS SHAWNA
REGION CODE ADDRESS : 325 PHELPS ROAD
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,738.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,650.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.71100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,200.00
P & I AMT: 10,500.23
UPB AMT: 1,488,112.02
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342694 MORTGAGORS: SMANIA RICHARD
SMANIA CAROLE
REGION CODE ADDRESS : 22165 UMLAND CIRCLE
01 CITY : JENNER
STATE/ZIP : CA 95450
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031343437 MORTGAGORS: JUGO MICHAEL
REGION CODE ADDRESS : 3015 OAK KNOLL DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,163.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,335.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 250
LTV : 67.64700
----------------------------------------------------------------
0 0031343734 MORTGAGORS: LEIBOWITZ DAVID
LEIBOWITZ REBECCA
REGION CODE ADDRESS : 6 ASHGROWN WAY
01 CITY : REISTERSTOWN
STATE/ZIP : MD 21136
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031344294 MORTGAGORS: DONINO FRANCIS
DONINO LANA
REGION CODE ADDRESS : 12 THORNWOOD LANE
01 CITY : AVON
STATE/ZIP : CT 06001
MORTGAGE AMOUNT : 371,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,402.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,504.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031344302 MORTGAGORS: ERLENBORN DANIEL
ERLENBORN KATHERINE
REGION CODE ADDRESS : 4535 Q STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,318.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.98500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,634,200.00
P & I AMT: 11,389.27
UPB AMT: 1,632,455.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031344344 MORTGAGORS: BERNSTEIN JEFFREY
BERNSTEIN PATRICIA
REGION CODE ADDRESS : 9 GRANBY COURT
01 CITY : DERWOOD
STATE/ZIP : MD 20855
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.60900
----------------------------------------------------------------
0 0031346919 MORTGAGORS: RUSCHER ROBERT
RUSCHER MAUREEN
REGION CODE ADDRESS : 7808 HARDWICK DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27615
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,538.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031347776 MORTGAGORS: BARBOUR GARY
BARBOUR LINDA
REGION CODE ADDRESS : 7377 NORTH PINEBROOK ROAD
01 CITY : PARK CITY
STATE/ZIP : UT 84098
MORTGAGE AMOUNT : 355,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,365.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.02200
----------------------------------------------------------------
0 0031349749 MORTGAGORS: JONES JOHN
JONES ANN
REGION CODE ADDRESS : 706 LAKEHURST COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031350549 MORTGAGORS: GUINTA GREGG
GUINTA MELODIE
REGION CODE ADDRESS : 12 RIDGE ROAD
01 CITY : NORFOLK
STATE/ZIP : MA 02056
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,545.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,586,600.00
P & I AMT: 10,826.57
UPB AMT: 1,585,692.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031351042 MORTGAGORS: LAWSON MARY
REGION CODE ADDRESS : 13369 SW CLEARVIEW WAY
01 CITY : TIGARD
STATE/ZIP : OR 97223
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,741.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.60600
----------------------------------------------------------------
0 0031351083 MORTGAGORS: DUTTON RICKEY
DUTTON DONNA
REGION CODE ADDRESS : 3222 SPYGLASS DRIVE
01 CITY : BELLINGHAM
STATE/ZIP : WA 98226
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,491.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,189.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031351091 MORTGAGORS: OBUZ VEDAT
OBUZ HASANBIBI
REGION CODE ADDRESS : 121 MERION ROAD
01 CITY : MERION STATION
STATE/ZIP : PA 19066
MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,742.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.76400
----------------------------------------------------------------
0 0031351109 MORTGAGORS: BILCHIK RONALD
BILCHIK SHARLA
REGION CODE ADDRESS : 2306 LELAND RIDGE WALK
01 CITY : ST. LOUIS
STATE/ZIP : MO 63131
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,785.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 44.35400
----------------------------------------------------------------
0 0031353451 MORTGAGORS: WILLIAMS KENT
WILLIAMS CHERYL
REGION CODE ADDRESS : 6235 CAMINO DEL PLATA
01 CITY : CAMP VERDE
STATE/ZIP : AZ 86322
MORTGAGE AMOUNT : 89,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 89,531.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 618.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,350,600.00
P & I AMT: 9,290.29
UPB AMT: 1,349,292.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031354038 MORTGAGORS: CAMPEN JOSEPH
CAMPEN PATRICIA
REGION CODE ADDRESS : 120 TURTLE COVE COURT
01 CITY : LENOIR CITY
STATE/ZIP : TN 37771
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,468.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.69200
----------------------------------------------------------------
0 0031355092 MORTGAGORS: CRISCIONE JOHN
CRISCIONE LINDA
REGION CODE ADDRESS : 37 COLUMBINE ROAD
01 CITY : PARAMUS
STATE/ZIP : NJ 07652
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.58800
----------------------------------------------------------------
0 0031355183 MORTGAGORS: KATCHAY MARC
KATCHAY DONNA
REGION CODE ADDRESS : 267 AMBERLEIGH DRIVE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 288,160.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,935.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031355886 MORTGAGORS: VRIELINK CLIFF
REGION CODE ADDRESS : 2803 CANYON VALLEY DRIVE
01 CITY : RICHARDSON
STATE/ZIP : TX 75080
MORTGAGE AMOUNT : 108,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 108,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 773.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031357403 MORTGAGORS: BROWN CLAYTON
BROWN KELLIE
REGION CODE ADDRESS : 56 WOODLAND HILLS ROAD
01 CITY : SOUTHBURY
STATE/ZIP : CT 06488
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,806.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,570.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.87200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,247,160.00
P & I AMT: 8,633.38
UPB AMT: 1,246,210.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031357445 MORTGAGORS: LAMM FRANKLIN
LAMM MARILYN
REGION CODE ADDRESS : 12982 AXLINE ROAD
01 CITY : LOVETTSVILLE
STATE/ZIP : VA 20180
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0031357460 MORTGAGORS: PEREZ EDUARDO
DE PEREZ PATRICIA
REGION CODE ADDRESS : 3405 FAR VIEW DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,837.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,712.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031357478 MORTGAGORS: WELLS ROBERT
WELLS PAULA
REGION CODE ADDRESS : 1309 SARASAN CT
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23452
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,520.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.80000
----------------------------------------------------------------
0 0031358542 MORTGAGORS: LANE ROBERT
GOGAN MARTHA
REGION CODE ADDRESS : 63 POND VIEW DRIVE
01 CITY : KINGSTON
STATE/ZIP : MA 02364
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,808.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.94100
----------------------------------------------------------------
0 0031358559 MORTGAGORS: MASON WILLIAM
MASON MARY
REGION CODE ADDRESS : 18110 TURNBERRY DR
01 CITY : ROUND HILL
STATE/ZIP : VA 20141
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,713.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.43000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,577,000.00
P & I AMT: 10,859.54
UPB AMT: 1,574,676.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031358674 MORTGAGORS: VAN EMDEN JOHN
VAN EMDEN URSULA
REGION CODE ADDRESS : 14420 KATIE RD
01 CITY : PHOENIX
STATE/ZIP : MD 21131
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 51.15000
----------------------------------------------------------------
0 0031358682 MORTGAGORS: COOK JONES REBECCA
REGION CODE ADDRESS : 9418 STONEBRIAR CIR
01 CITY : SHREVEPORT
STATE/ZIP : LA 71115
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,804.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.07600
----------------------------------------------------------------
0 0031358690 MORTGAGORS: GIFFORD GREGORY
GIFFORD BRENDA
REGION CODE ADDRESS : 6350 E MINING CAMP RD
01 CITY : APACHE JUNCTION
STATE/ZIP : AZ 85219
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,794.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031358716 MORTGAGORS: SCHWAB PHILIP
SCHWAB CAROL
REGION CODE ADDRESS : 523 TIMBERWYCK DR
01 CITY : ST LOUIS
STATE/ZIP : MO 63131
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,728.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 39.53000
----------------------------------------------------------------
0 0031358815 MORTGAGORS: WILKINSON WOODY
WILKINSON BONNIE
REGION CODE ADDRESS : 1107 BAKER ST.
01 CITY : SMITHFIELD
STATE/ZIP : NC 27577
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,790.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.46400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,000.00
P & I AMT: 10,214.62
UPB AMT: 1,475,878.41
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031358849 MORTGAGORS: DIENER DAVID
REGION CODE ADDRESS : 8 WICKERSHAM LN
01 CITY : LADUE
STATE/ZIP : MO 63124
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,172.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,930.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.61500
----------------------------------------------------------------
0 0031358864 MORTGAGORS: ROBERTSON CHESTER
ROBERTSON JOYCE
REGION CODE ADDRESS : 3801 STREAMWOOD
01 CITY : HAZEL CREST
STATE/ZIP : IL 60429
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,824.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.06200
----------------------------------------------------------------
0 0031358872 MORTGAGORS: ROTH KEVIN
LORENZ ROBINNA
REGION CODE ADDRESS : 526 WEBSTER FOREST DR
01 CITY : ST LOUIS
STATE/ZIP : MO 63119
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,759.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031358898 MORTGAGORS: GRANT GREGORY
GRANT ELIZABETH
REGION CODE ADDRESS : 1881 NORTH SHORE RD
01 CITY : BELLINGHAM
STATE/ZIP : WA 98226
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 56.58700
----------------------------------------------------------------
0 0031358906 MORTGAGORS: RABOURN WILLIAM
RABOURN CYNTHIA
REGION CODE ADDRESS : 4274 E. MISTY WOODS STREET
01 CITY : SPRINGFIELD
STATE/ZIP : MO 65809
MORTGAGE AMOUNT : 330,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,242.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.85400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,500.00
P & I AMT: 11,364.42
UPB AMT: 1,636,730.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031358914 MORTGAGORS: THOMAS OSWALD
THOMAS MARY
REGION CODE ADDRESS : 11917 MOORLAND MANOR CT.
01 CITY : ST. LOUIS
STATE/ZIP : MO 63146
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,782.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.38600
----------------------------------------------------------------
0 0031359151 MORTGAGORS: LEWIS DAVID
LEWIS CHERYL
REGION CODE ADDRESS : 2711 NE 375TH AVENUE
01 CITY : WASHOUGAL
STATE/ZIP : WA 98671
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,000.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031359177 MORTGAGORS: CAHILL RAYMOND
FAIRCHILD DIANE
REGION CODE ADDRESS : 499 APOLLO DR
01 CITY : BOULDER
STATE/ZIP : CO 80303
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,937.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.30700
----------------------------------------------------------------
0 0031359268 MORTGAGORS: SOLATI SHAHBAZ
REGION CODE ADDRESS : 14995 SOUTHWEST ASHLEY DRIVE
01 CITY : TIGARD
STATE/ZIP : OR 97224
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 74.48700
----------------------------------------------------------------
0 0031359318 MORTGAGORS: MARTIN LARRY
MARTIN MARY
REGION CODE ADDRESS : 5606 UPPER TWIN CREEK RD
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 393,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,649.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,787.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.60700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,726,800.00
P & I AMT: 12,229.58
UPB AMT: 1,713,087.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359334 MORTGAGORS: LEAVELL STEPHEN
LEAVELL KATHRYN
REGION CODE ADDRESS : 6815 WANDER PLACE
01 CITY : DALLAS
STATE/ZIP : TX 75230
MORTGAGE AMOUNT : 528,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 526,812.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,742.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031359375 MORTGAGORS: FISHER WESLEY
FISHER WENDY
REGION CODE ADDRESS : 28760 ROUTT COUNTY ROAD 18
01 CITY : STEAMBOAT SPRINGS
STATE/ZIP : CO 80487
MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,430.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,343.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 68.46100
----------------------------------------------------------------
0 0031359540 MORTGAGORS: AMAN WALTER
AMAN RUBY
REGION CODE ADDRESS : 1 NORTHWEST 47TH STREET
01 CITY : LINCOLN CITY
STATE/ZIP : OR 97367
MORTGAGE AMOUNT : 618,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 618,334.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,540.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 250
LTV : 70.71400
----------------------------------------------------------------
0 0031359565 MORTGAGORS: ADLER ODED
REGION CODE ADDRESS : 220 CAMPBELL DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89107
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,693.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,606.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 73.84600
----------------------------------------------------------------
0 0031361660 MORTGAGORS: SWANN RENS
SWANN JUDY
REGION CODE ADDRESS : 6732 OAK VALLEY DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89103
MORTGAGE AMOUNT : 84,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 84,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 551.82 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,156,500.00
P & I AMT: 15,783.67
UPB AMT: 2,153,271.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031362825 MORTGAGORS: MACK JEFFREY
MACK RHONDA
REGION CODE ADDRESS : 21712 NORTHEAST 203RD STREET
01 CITY : WOODINVILLE
STATE/ZIP : WA 98072
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,267.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.97 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 65.73170
----------------------------------------------------------------
0 0031363237 MORTGAGORS: BARNARD GLEN
BARNARD BARBARA
REGION CODE ADDRESS : 4500 SOUTH DOWNING STREET
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80110
MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,719.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.15 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 22.26600
----------------------------------------------------------------
0 0031364029 MORTGAGORS: LANCOS KEVIN
LANCOS ELIZABETH
REGION CODE ADDRESS : 4616 ISAAC DRIVE
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 251,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,103.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031364292 MORTGAGORS: DOIRON THEODORE
DOIRON LISA
REGION CODE ADDRESS : 113 ALDERWOOD DRIVE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20878
MORTGAGE AMOUNT : 337,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,542.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,333.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031364391 MORTGAGORS: GOLDBERG NORMAN
MARCHESANO CAROLE
REGION CODE ADDRESS : 3315 HIGHLAND PLACE NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 579,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,101.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,201.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 56.53600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,772,100.00
P & I AMT: 12,191.32
UPB AMT: 1,770,735.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364458 MORTGAGORS: MCINTOSH DAVID
MCINTOSH JO ANN
REGION CODE ADDRESS : 2988 TURTLE CREEK ROAD
01 CITY : LAUREL
STATE/ZIP : MD 20724
MORTGAGE AMOUNT : 249,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,659.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031364490 MORTGAGORS: WOOLLEY GEORGE
WOOLLEY LINDA
REGION CODE ADDRESS : 6416 GARNETT DRIVE
01 CITY : CHEVY CHASE
STATE/ZIP : MD 20815
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 525,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,581.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031364516 MORTGAGORS: WEBSTER DOUGLAS
WEBSTER MAUREEN
REGION CODE ADDRESS : 8017 HORSESHOE LANE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,622.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,179.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031364649 MORTGAGORS: JORDAN EMMA
REGION CODE ADDRESS : 2506 UPTON STREET N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,715.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,684.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.11100
----------------------------------------------------------------
0 0031364854 MORTGAGORS: CHESSEN JILL
CORK GREGORY
REGION CODE ADDRESS : 4816 45TH STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,930,850.00
P & I AMT: 13,218.57
UPB AMT: 1,929,763.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364862 MORTGAGORS: BILL ARTHUR
BILL JANET
REGION CODE ADDRESS : 6844 GLENBROOK ROAD
01 CITY : BETHESDA
STATE/ZIP : MD 20814
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 33.33300
----------------------------------------------------------------
0 0031365505 MORTGAGORS: BRIGGS JOSEPH
REGION CODE ADDRESS : 388 EASTIN ROAD
01 CITY : FAYETTEVILLE
STATE/ZIP : GA 30214
MORTGAGE AMOUNT : 245,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,008.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.69300
----------------------------------------------------------------
0 0031366156 MORTGAGORS: INGRAM JEFFREY
REGION CODE ADDRESS : 17 ORIOLE DRIVE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.02500
----------------------------------------------------------------
0 0031366271 MORTGAGORS: VORBRICH LYNN
VORBRICH MARY
REGION CODE ADDRESS : 2 SOUTHSHORE LANE
01 CITY : RAPIDS CITY
STATE/ZIP : IL 61278
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,514.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031366321 MORTGAGORS: BOBEL RICHARD
BOBEL SHARON
REGION CODE ADDRESS : 605 LASSWELL COURT SW
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,259.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.32400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,700.00
P & I AMT: 10,240.12
UPB AMT: 1,496,813.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031366347 MORTGAGORS: KRAMER MARK
ANGELO MELISSA
REGION CODE ADDRESS : 3365 RED TREE PLACE
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,748.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031366388 MORTGAGORS: DEBRUYCKER KEVIN
DEBRUYCKER MARY
REGION CODE ADDRESS : 39721 COVEY COURT
01 CITY : HAMILTON
STATE/ZIP : VA 20158
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,793.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.30900
----------------------------------------------------------------
0 0031366412 MORTGAGORS: SMITH MARK
BOLKCOM CATHERINE
REGION CODE ADDRESS : 26634 225TH STREET
01 CITY : LECLAIRE
STATE/ZIP : IA 52753
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,772.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.41600
----------------------------------------------------------------
0 0031366503 MORTGAGORS: CHICCARELLI STEPHEN
REGION CODE ADDRESS : 243 UNIVERSITY HIGHLAND CT
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,518.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031366628 MORTGAGORS: DAVIS JEFFREY
DAVIS LAURA
REGION CODE ADDRESS : 16129 PINE TERRACE DRIVE
01 CITY : BALLWIN
STATE/ZIP : MO 63021
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.89900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,447,750.00
P & I AMT: 9,968.69
UPB AMT: 1,446,832.23
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031367402 MORTGAGORS: BREAM MELISSA
BREAM ROBERT
REGION CODE ADDRESS : 17712 BLACKWOOD COURT
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,634.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 53.00000
----------------------------------------------------------------
0 0031367436 MORTGAGORS: OSTERMANN KENNETH
OSTERMANN PATRICIA
REGION CODE ADDRESS : 16 GLEN ALPINE ROAD
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,155.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.28500
----------------------------------------------------------------
0 0031367451 MORTGAGORS: MCFARLAND DAVID
REGION CODE ADDRESS : 530 CRESCENT ROAD
01 CITY : HAMILTON
STATE/ZIP : OH 45013
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.11300
----------------------------------------------------------------
0 0031367527 MORTGAGORS: CARVER LARRY
CARVER JANET
REGION CODE ADDRESS : 35975 SE NICKEL ROAD
01 CITY : EAGLE CREEK
STATE/ZIP : OR 97022
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,035.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031367535 MORTGAGORS: BANGO GEORGE
BANGO ELAINE
REGION CODE ADDRESS : 12537 RIDGEGATE DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.05300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,317,750.00
P & I AMT: 9,303.67
UPB AMT: 1,316,433.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031367550 MORTGAGORS: REYNA JOSEPH
STUNKARD CHRISTINE
REGION CODE ADDRESS : 2739 PIONEER LANE
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.97200
----------------------------------------------------------------
0 0031367568 MORTGAGORS: DYKE DANIEL
KELLY ELAINE
REGION CODE ADDRESS : 11815 BRIAR MILL LANE
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,323.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031367584 MORTGAGORS: COFFEY ROGER
COFFEY ALICE
REGION CODE ADDRESS : 21344 ROSEWOOD PLACE
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 273,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,291.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97000
----------------------------------------------------------------
0 0031367618 MORTGAGORS: COLE RONALD
COLE THELMA
REGION CODE ADDRESS : 1701 TROTTERS LANE
01 CITY : STONE MOUNTAIN
STATE/ZIP : GA 30087
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,801.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031367659 MORTGAGORS: JAMISON D.M.
REGION CODE ADDRESS : 8850 SOUTH LONGWOOD DRIVE
01 CITY : CHICAGO
STATE/ZIP : IL 60620
MORTGAGE AMOUNT : 295,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,701.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,343,900.00
P & I AMT: 9,432.73
UPB AMT: 1,342,907.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031367998 MORTGAGORS: CRAIG JAMES
CRAIG JANET
REGION CODE ADDRESS : 5964 CARNEGIE LANE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 363,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,542.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031368541 MORTGAGORS: MASTERS JOHN
MASTERS JOANNE
REGION CODE ADDRESS : 1 SUNSET COURT
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 395,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,550.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,532.75 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 79.81600
----------------------------------------------------------------
0 0031371040 MORTGAGORS: O'NEAL TIMOTHY
O'NEAL LAINE
REGION CODE ADDRESS : 2130 BALDY LANE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,731.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 62.47600
----------------------------------------------------------------
0 0031371511 MORTGAGORS: RIVERA PAUL
WILLEFORD MICHAEL
REGION CODE ADDRESS : 1054 NORTH LEAVITT AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60622
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,796.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.93900
----------------------------------------------------------------
0 0031371560 MORTGAGORS: SCOVILL JANIS
SCOVILL NICHOLAS
REGION CODE ADDRESS : 4320 SW CHARMING WAY
01 CITY : PORTLAND
STATE/ZIP : OR 97225
MORTGAGE AMOUNT : 426,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,749.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,945.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,808,600.00
P & I AMT: 12,341.63
UPB AMT: 1,807,477.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031371917 MORTGAGORS: SARMIENTO EDWARD
SARMIENTO FRANCES
REGION CODE ADDRESS : 628 ANDOVER RD
01 CITY : NEWTOWN SQUARE
STATE/ZIP : PA 19073
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,203.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031375579 MORTGAGORS: SMIGIELSKI MICHAEL
SMIGIELSKI SALLY
REGION CODE ADDRESS : 2790 MARSH WREN CIRCLE
01 CITY : LONGWOOD
STATE/ZIP : FL 32779
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,789.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.73600
----------------------------------------------------------------
0 0031375785 MORTGAGORS: FINAMORE CHARLES
FINAMORE PAMELA
REGION CODE ADDRESS : 1415 33RD STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20007
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,393.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,546.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.48000
----------------------------------------------------------------
0 0031375967 MORTGAGORS: BUWICK DAVID
BUWICK CHERYL
REGION CODE ADDRESS : 509 SEVILLE AVENUE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60565
MORTGAGE AMOUNT : 159,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,050.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.98900
----------------------------------------------------------------
0 0031376676 MORTGAGORS: BENITEZ MARTA
CORTES FELIX
REGION CODE ADDRESS : 6413 ERIN DRIVE
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,060.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,355,550.00
P & I AMT: 9,365.82
UPB AMT: 1,354,347.60
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377161 MORTGAGORS: CAPODARCO THOMAS
GRAF LISA
REGION CODE ADDRESS : 807 SPRINGBROOK LANE
01 CITY : BOLINGBROOK
STATE/ZIP : IL 60440
MORTGAGE AMOUNT : 170,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,050.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,145.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031379092 MORTGAGORS: BABINE ROBERT
REGION CODE ADDRESS : 60 SCHUBACH DRIVE
01 CITY : SUGAR LAND
STATE/ZIP : TX 77479
MORTGAGE AMOUNT : 361,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,317.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,466.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031380249 MORTGAGORS: STANDING JOHN
STANDING ANNE
REGION CODE ADDRESS : 7200 HOLLY ROAD
01 CITY : VIRGINIA BEACH
STATE/ZIP : VA 23451
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031380314 MORTGAGORS: FRIEDMAN JONATHAN
FRIEDMAN BRENDA
REGION CODE ADDRESS : 6 REED STREET
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,205.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031380546 MORTGAGORS: SCHMITZ JOHN
SCHMITZ JOAN
REGION CODE ADDRESS : 1048 CARPER STREET
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,622.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,306,050.00
P & I AMT: 9,049.44
UPB AMT: 1,305,008.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031380629 MORTGAGORS: CAILLOUET ALVIN
CAILLOUET LYNN
REGION CODE ADDRESS : 708 BATH AVENUE
01 CITY : METAIRIE
STATE/ZIP : LA 70001
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031382013 MORTGAGORS: BRINSKO ROBERT
BRINSKO MARY
REGION CODE ADDRESS : 1716 CATTAIL MEADOWS DRIVE
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 250,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,729.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031384332 MORTGAGORS: PACK DAVID
PACK SUSAN
REGION CODE ADDRESS : 3285 SUGAR VALLEY TRAIL
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,522.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,161.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99700
----------------------------------------------------------------
0 0031384340 MORTGAGORS: GERSHON ROBERT
GERSHON TINA
REGION CODE ADDRESS : 500 WILDE GREEN DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 268,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,085.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.91100
----------------------------------------------------------------
0 0031384373 MORTGAGORS: DARROW LAWRENCE
DARROW SUSAN
REGION CODE ADDRESS : 8480 HIGH HAMPTON CHASE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,394.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,250.00
P & I AMT: 10,204.98
UPB AMT: 1,490,952.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031384381 MORTGAGORS: MCCORD HAROLD
MCCORD BONITA
REGION CODE ADDRESS : 714 EAST GREEN LANE
01 CITY : WOODSTOCK
STATE/ZIP : GA 30189
MORTGAGE AMOUNT : 282,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,056.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 79.97100
----------------------------------------------------------------
0 0031384456 MORTGAGORS: DUKENIK HAROLD
DUKENIK AMPARO
REGION CODE ADDRESS : 660 CONDE AVENUE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33156
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.23500
----------------------------------------------------------------
0 0031384654 MORTGAGORS: DEVRIES BARRY
DEVRIES GAYLE
REGION CODE ADDRESS : 1233 PALISADES CIRCLE
01 CITY : HEBER SPRINGS
STATE/ZIP : AR 72513
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031384845 MORTGAGORS: PHILLIPS JAMES
REGION CODE ADDRESS : 10025 SOUTHEAST EVERGREEN HIGHWAY
01 CITY : VANCOUVER
STATE/ZIP : WA 98664
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.62700
----------------------------------------------------------------
0 0031385032 MORTGAGORS: KIRCHNER GARY
KIRCHNER JOYCE
REGION CODE ADDRESS : 9520 NORTH CEDAR ROAD
01 CITY : SPOKANE
STATE/ZIP : WA 99208
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,720.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,732.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.95100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,300.00
P & I AMT: 10,736.77
UPB AMT: 1,547,345.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031385172 MORTGAGORS: TEKULVE TOBIAS
TEKULVE DOLORES
REGION CODE ADDRESS : 24617 NORTH 49TH AVENUE
01 CITY : GLENDALE
STATE/ZIP : AZ 85310
MORTGAGE AMOUNT : 237,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.83300
----------------------------------------------------------------
0 0031387178 MORTGAGORS: ORTIZ JUAN
MISKIMEN THERESA
REGION CODE ADDRESS : 11 GRAHAM PLACE
01 CITY : THE TOWNSHIP OF MILLSTONE
STATE/ZIP : NJ 08535
MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,368.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031387210 MORTGAGORS: PECK P.
REGION CODE ADDRESS : 1405-13 EVERGREEN AVENUE
01 CITY : PLAINFIELD
STATE/ZIP : NJ 07060
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031387947 MORTGAGORS: HOWE MICHAEL
HOWE WENDY
REGION CODE ADDRESS : 111 NORTH TAYLOR POINT DRIVE
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77382
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 : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.87400
----------------------------------------------------------------
0 0031387954 MORTGAGORS: BERLIN ROSS
BERLIN NANCY
REGION CODE ADDRESS : 293 SOUTH PLANTATION CIRCLE
01 CITY : PONTE VEDRA BEACH
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 401,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,294.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,773.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,550.00
P & I AMT: 10,391.67
UPB AMT: 1,496,562.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031387988 MORTGAGORS: MIRARCHI MICHAEL
MIRARCHI DIANE
REGION CODE ADDRESS : 5020 SILVER LAKE DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,698.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,735.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031387996 MORTGAGORS: THRASH JERRY
REGION CODE ADDRESS : 860 MERIWETHER ROAD
01 CITY : PIKE ROAD
STATE/ZIP : AL 36064
MORTGAGE AMOUNT : 385,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,291.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,597.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031388945 MORTGAGORS: MISHRA BRAJENDRA
MISHRA DEEPA
REGION CODE ADDRESS : 193 LOVELAND WAY
01 CITY : GOLDEN
STATE/ZIP : CO 80401
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.59400
----------------------------------------------------------------
0 0031390099 MORTGAGORS: LEE TERRENCE
LEE MELANIE
REGION CODE ADDRESS : 64 SIMMONS LANE
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,343.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031390172 MORTGAGORS: HANEY RODNEY
HANEY CHERYL
REGION CODE ADDRESS : 3489 DRIFTING DRIVE
01 CITY : LOWER SAUCON TOWNSHIP
STATE/ZIP : PA 18055
MORTGAGE AMOUNT : 275,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.16 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.81428
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,668,650.00
P & I AMT: 11,348.67
UPB AMT: 1,667,825.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031392228 MORTGAGORS: GROFF JOHN
GROFF MARY
REGION CODE ADDRESS : 1848 PINE MEADOW COURT
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031393580 MORTGAGORS: SILBERMAN MICHAEL
REGION CODE ADDRESS : 1417 CENTENNIAL ROAD
01 CITY : NARBERTH
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.25 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 61.94600
----------------------------------------------------------------
0 0031394943 MORTGAGORS: SOLSKI BERT
SOLSKI PENNY
REGION CODE ADDRESS : 10615 WEST WOOD DUCK LANE
01 CITY : ORLAND PARK
STATE/ZIP : IL 60462
MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,280.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.93500
----------------------------------------------------------------
0 0031399538 MORTGAGORS: ESPOSITO JOHN
REGION CODE ADDRESS : 505 WHEELER ROAD
01 CITY : MONROE
STATE/ZIP : CT 06468
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.25300
----------------------------------------------------------------
0 0031401102 MORTGAGORS: MC BRIDE JAMES
MC BRIDE KIMBERLY
REGION CODE ADDRESS : 19820 NW 7TH STREET
01 CITY : PEMBROKE PINES
STATE/ZIP : FL 33029
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.21000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,414,000.00
P & I AMT: 9,759.85
UPB AMT: 1,413,780.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG0004980630 00 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031403439 MORTGAGORS: RIVERA ERIC
RIVERA BARBARA
REGION CODE ADDRESS : 116 STEEPLECHASE ROAD
01 CITY : CHAPEL HILL
STATE/ZIP : NC 27514
MORTGAGE AMOUNT : 265,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,592.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,813.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 68.15300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 1
LOAN AMT: 265,800.00
P & I AMT: 1,813.23
UPB AMT: 265,592.66
0 TOTAL NUM OF LOANS: 651
LOAN AMT: 203,082,258.56
P & I AMT: 1,413,957.77
UPB AMT: 202,849,351.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007658826 MORTGAGORS: FRANK WILLIAM
FRANK DIANE
REGION CODE ADDRESS : 95 ENOCH CROSBY ROAD
01 CITY : BREWSTER
STATE/ZIP : NY 10509
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,481.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 78.74000
----------------------------------------------------------------
0 0007658883 MORTGAGORS: COHEN MITCHELL
COHEN SUZANNE
REGION CODE ADDRESS : 2845 FARM WALK ROAD
01 CITY : YORKTOWN HEIGHTS
STATE/ZIP : NY 10598
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,394.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007658891 MORTGAGORS: WALLACE MARY
GILBALDI CARMINE
REGION CODE ADDRESS : 50 SOUTH ROAD
01 CITY : SANDS POINT
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,211.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,285.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.18300
----------------------------------------------------------------
0 0007658917 MORTGAGORS: MARTINEZ CHRISTIANE
REGION CODE ADDRESS : 960 BELLE MEADE ISLAND DRIVE
01 CITY : MIAMI
STATE/ZIP : FL 33138
MORTGAGE AMOUNT : 240,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,291.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007658933 MORTGAGORS: GUERRA GENILDE
REGION CODE ADDRESS : 1865 BRICKELL AVENUE UNIT#TH-X
01 CITY : MIAMI
STATE/ZIP : FL 33129
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,474.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,358,800.00
P & I AMT: 9,576.80
UPB AMT: 1,355,854.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007658958 MORTGAGORS: REILLY WILLIAM
REILLY MARI
REGION CODE ADDRESS : 207 HARTSDALE AVENUE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10606
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,341.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007659063 MORTGAGORS: RICE JOSEPH
CURCIO PATRICIA
REGION CODE ADDRESS : 1 THE HUNT
01 CITY : ST. JAMES
STATE/ZIP : NY 11780
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,439.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,879.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659071 MORTGAGORS: CARRION WESLEY
CARRION VIVIAN
REGION CODE ADDRESS : 1 SHORE DRIVE
01 CITY : OLD FIELD
STATE/ZIP : NY 11733
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,265.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659105 MORTGAGORS: MANN JEFFREY
REGION CODE ADDRESS : 2482 EAGLE RUN DRIVE
01 CITY : WESTON
STATE/ZIP : FL 33327
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,617.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.40500
----------------------------------------------------------------
0 0007659162 MORTGAGORS: HERRING AUDREY
REGION CODE ADDRESS : 1265 SE ST. LUCIE BLVD.
01 CITY : STUART
STATE/ZIP : FL 34996
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,653.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,558,000.00
P & I AMT: 11,140.03
UPB AMT: 1,555,317.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659196 MORTGAGORS: PALLONETTI KEVIN
PALLONETTI MICHELE
REGION CODE ADDRESS : 72 CHESTNUT LANE UNIT#36
01 CITY : WOODBURY
STATE/ZIP : NY 11797
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,622.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659246 MORTGAGORS: CICERO JOAQUIN
CICERO NANCY
REGION CODE ADDRESS : 212 SUGAR CREEK RIDGE
01 CITY : KIRKWOOD
STATE/ZIP : MO 63122
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,285.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,779.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0007659287 MORTGAGORS: O'DONNELL WILLIAM
O'DONNELL PATRICIA
REGION CODE ADDRESS : 32 KENWORTH ROAD
01 CITY : PORT WASHINGTON
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,085.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659311 MORTGAGORS: HARARY ELY
HARARY ROCHELLE
REGION CODE ADDRESS : 964 EAST 7TH STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11230
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,594.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.90000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.90000 PRODUCT CODE : 002
LTV : 46.09300
----------------------------------------------------------------
0 0007659360 MORTGAGORS: KOCUBINSKI WALTER
KOCUBINSKI MARY
REGION CODE ADDRESS : 80 BOCKET ROAD
01 CITY : PEARL RIVER
STATE/ZIP : NY 10965
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,635.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,787.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,739,000.00
P & I AMT: 12,446.47
UPB AMT: 1,736,224.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659386 MORTGAGORS: LAGUARTA KIRK
LAGUARTA LORI
REGION CODE ADDRESS : 12626 TAYLORCREST ROAD
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,344.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659428 MORTGAGORS: SULLIVAN RICHARD
SULLIVAN SHIRLEY
REGION CODE ADDRESS : 16787 SOUTHWEST WHITETAIL LANE
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,987.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,909.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.45000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.45000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659436 MORTGAGORS: HILTON KENNETH
REGION CODE ADDRESS : 590 PHILLIPS DRIVE
01 CITY : BOCA RATON
STATE/ZIP : FL 33432
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,472.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 72.46300
----------------------------------------------------------------
0 0007659469 MORTGAGORS: BARRIS STANLEY
LYON MAUREEN
REGION CODE ADDRESS : 29 STONEHOUSE ROAD
01 CITY : SCARSDALE
STATE/ZIP : NY 10583
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,375.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,065.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659501 MORTGAGORS: SALIBIAN HRAG
SALIBIAN SHOUSHAN
REGION CODE ADDRESS : 14920 72ND AVE WEST
01 CITY : EDMONDS
STATE/ZIP : WA 98026
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,079.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,915.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 43.68400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,599,400.00
P & I AMT: 11,284.23
UPB AMT: 1,595,259.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007659626 MORTGAGORS: STEBENNE RALPH
STEBENNE BEVERLY
REGION CODE ADDRESS : 8117 MISTY OAKS BOULEVARD
01 CITY : SARASOTA
STATE/ZIP : FL 34243
MORTGAGE AMOUNT : 227,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,805.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 73.32200
----------------------------------------------------------------
0 0007659766 MORTGAGORS: CARINO FRANK
CARINO ANTONIETTA
REGION CODE ADDRESS : 42 WATERGATE DRIVE
01 CITY : SOMERS
STATE/ZIP : NY 10501
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,509.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 73.47500
----------------------------------------------------------------
0 0007659774 MORTGAGORS: PERIANAYAGAM DEEPAK
PARMAR RENE
REGION CODE ADDRESS : 141 HARMON AVENUE
01 CITY : PELHAM
STATE/ZIP : NY 10803
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,356.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007659949 MORTGAGORS: MOELIS STEPHEN
MOELIS MELANIE
REGION CODE ADDRESS : 375 HEATHER LANE
01 CITY : HEWLETT HARBOR
STATE/ZIP : NY 11557
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,355.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007660111 MORTGAGORS: SENGE DAWN
SENGE ROY
REGION CODE ADDRESS : 7107 SWALLOW WAY
01 CITY : CARY
STATE/ZIP : IL 60013
MORTGAGE AMOUNT : 266,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,388.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,883.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,564,100.00
P & I AMT: 11,051.96
UPB AMT: 1,561,416.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007660178 MORTGAGORS: CURRAN BRANDON
CURRAN LISA
REGION CODE ADDRESS : TOWER ROAD A/K/A 10 VALLEY ROAD
01 CITY : GLEN COVE
STATE/ZIP : NY 11542
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,312.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,377.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007660269 MORTGAGORS: THOMA SIEGFRIED
REGION CODE ADDRESS : 2684 SOUTHWEST BUCKINGHAM AVENUE
01 CITY : PORTLAND
STATE/ZIP : OR 97201
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,094.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007661846 MORTGAGORS: CHRISTEN STEVE
REGION CODE ADDRESS : 87 TEED STREET
01 CITY : HUNTINGTON STATION
STATE/ZIP : NY 11746
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,377.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,524.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.05000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.05000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007661960 MORTGAGORS: MATA CRISTIAN
MATA CORINA
REGION CODE ADDRESS : 73 RHODODENDRON ROAD
01 CITY : HEAD OF THE HARBOR
STATE/ZIP : NY 11790
MORTGAGE AMOUNT : 308,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,253.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,190.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.65000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.65000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007661994 MORTGAGORS: MCKILLIP STEPHEN
MCKILLIP RUTH
REGION CODE ADDRESS : 16919 TIMBERLAKES DRIVE
01 CITY : FORT MYERS
STATE/ZIP : FL 33908
MORTGAGE AMOUNT : 337,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,517.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,402.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 75.30700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,606,200.00
P & I AMT: 11,235.91
UPB AMT: 1,603,556.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662018 MORTGAGORS: CORCORAN MICHAEL
CORCORAN ALISON
REGION CODE ADDRESS : 3 TARLETON COURT
01 CITY : FORT SOLONGA
STATE/ZIP : NY 11768
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,524.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.94700
----------------------------------------------------------------
0 0007662125 MORTGAGORS: NYLUND LESLIE
DOLAN JOSEPH
REGION CODE ADDRESS : 115 LOCUST STREET
01 CITY : GARDEN CITY
STATE/ZIP : NY 11530
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,398.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,741.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.40000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.40000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662182 MORTGAGORS: HIXENBAUGH JOHN
HIXENBAUGH LUCY
REGION CODE ADDRESS : 1877 ROCKLEDGE DR
01 CITY : ROCKLEDGE
STATE/ZIP : FL 32955
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,638.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,554.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.20000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.20000 PRODUCT CODE : 002
LTV : 73.28000
----------------------------------------------------------------
0 0007662323 MORTGAGORS: HARRIS FRANK
HARRIS PATRICIA
REGION CODE ADDRESS : 19651 RED MAPLE LANE
01 CITY : JUPITER
STATE/ZIP : FL 33458
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,612.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 84.82700
----------------------------------------------------------------
0 0007662349 MORTGAGORS: HINTZEN JAMES
HINTZEN JO ANN
REGION CODE ADDRESS : 25 PLEASANT STREET
01 CITY : RIVERSIDE
STATE/ZIP : CT 06878
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,544.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,000.00
P & I AMT: 10,522.03
UPB AMT: 1,493,717.56
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007662414 MORTGAGORS: GRIDLEY DANIEL
GRIDLEY NANCY
REGION CODE ADDRESS : 1428 PINE BAY DRIVE
01 CITY : SARASOTA
STATE/ZIP : FL 34231
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,639.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.70000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.70000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007662596 MORTGAGORS: BASILE DOROTHY
REGION CODE ADDRESS : 2346 NW 59TH STREET
01 CITY : BOCA RATON
STATE/ZIP : FL 33496
MORTGAGE AMOUNT : 374,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,274.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,698.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.80000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.80000 PRODUCT CODE : 002
LTV : 46.85000
----------------------------------------------------------------
0 0007664451 MORTGAGORS: FRANKLIN MARK
FRANKLIN PATRICIA
REGION CODE ADDRESS : 15230 BIRMINGHAM HIGHWAY
01 CITY : ALPHARETTA
STATE/ZIP : GA 30004
MORTGAGE AMOUNT : 273,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,441.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 51.14900
----------------------------------------------------------------
0 0007664469 MORTGAGORS: TOMAS ALEXANDER
TOMAS DEANNA
REGION CODE ADDRESS : 819 FOREST PATH LANE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30022
MORTGAGE AMOUNT : 283,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,384.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,958.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.98600
----------------------------------------------------------------
0 0007664477 MORTGAGORS: KEEVER RANDY
REGION CODE ADDRESS : 645 FLAMINGO DRIVE
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33301
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,145.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,518,450.00
P & I AMT: 10,653.16
UPB AMT: 1,516,885.59
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007664485 MORTGAGORS: PUGLIESE FRANK
PUGLIESE PATTY
REGION CODE ADDRESS : 1965 AUGUSTA TERRACE
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33071
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,802.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
0 0007664501 MORTGAGORS: GUNN ROBERT
GUNN DOROTHY
REGION CODE ADDRESS : 3535 NEWPORT BAY DR
01 CITY : ALPHARETTA
STATE/ZIP : GA 30005
MORTGAGE AMOUNT : 397,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 396,705.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,775.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.68500
----------------------------------------------------------------
0 0007664519 MORTGAGORS: WOODALL DAVID
REGION CODE ADDRESS : 1465 SQUIRE LANE
01 CITY : CUMMING
STATE/ZIP : GA 30041
MORTGAGE AMOUNT : 442,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,454.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664576 MORTGAGORS: YEN ROBERT
YEN LI
REGION CODE ADDRESS : 7119 NORTH 23RD WAY
01 CITY : PHOENIX
STATE/ZIP : AZ 85020
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,637.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.00000
----------------------------------------------------------------
0 0007664584 MORTGAGORS: LAMANNA RICHARD
REGION CODE ADDRESS : 19 EAST 13TH STREET
01 CITY : TEMPE
STATE/ZIP : AZ 85281
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 : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,655,800.00
P & I AMT: 11,575.59
UPB AMT: 1,654,174.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007664592 MORTGAGORS: REGAN KEVIN
REGAN LISA
REGION CODE ADDRESS : 2846 CHAMPION STREET
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 206,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 205,847.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,440.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0007664600 MORTGAGORS: SINGER BRADLEY
SINGER TERRI
REGION CODE ADDRESS : 5854 COHASSET WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664618 MORTGAGORS: HENERY E.
HENERY TERI
REGION CODE ADDRESS : 128 CASADE FALLS DRIVE
01 CITY : FOLSOM
STATE/ZIP : CA 95630
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.95200
----------------------------------------------------------------
0 0007664642 MORTGAGORS: SINGER NEIL
REGION CODE ADDRESS : 125 SAN PATRICIO DRIVE
01 CITY : SEDONA
STATE/ZIP : AZ 86336
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,558.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664659 MORTGAGORS: SULLIVAN MATHA
SULLIVAN-ELLIOT LEE
REGION CODE ADDRESS : 365 14TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94118
MORTGAGE AMOUNT : 438,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,649.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,950.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 76.17300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,200.00
P & I AMT: 10,460.17
UPB AMT: 1,509,832.88
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007664667 MORTGAGORS: DAVISON DENNIS
DAVISON DONNA
REGION CODE ADDRESS : 14 AGATHA COURT
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,775.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,822.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.10500
----------------------------------------------------------------
0 0007664675 MORTGAGORS: JENNINGS STEPHEN
JENNINGS MICHELLE
REGION CODE ADDRESS : 9165 EAST WETHERSFIELD ROAD.
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,430.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664683 MORTGAGORS: BENSON LEE
REGION CODE ADDRESS : 1621 EAST PALMAIRE AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85020
MORTGAGE AMOUNT : 260,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,548.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0007664691 MORTGAGORS: SODERHOLM HARDY
SODERHOLM CHERYL
REGION CODE ADDRESS : 760 SOUTH CANYON GARDEN LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664709 MORTGAGORS: SCHERER ROBERT
SCHERER LYNNE
REGION CODE ADDRESS : 6597 SOUTH ROBB WAY
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,304.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 84.31000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,400.00
P & I AMT: 10,440.79
UPB AMT: 1,509,785.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007664717 MORTGAGORS: MC CAMMON WILLIAM
REGION CODE ADDRESS : 2832 FOOTHILLS OAKS TERRACE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 456,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 456,510.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,194.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.09600
----------------------------------------------------------------
0 0007664725 MORTGAGORS: DOSS STEVEN
DOSS CAROLINE
REGION CODE ADDRESS : 19 RIVIERA CIRCLE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,755.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.50000
----------------------------------------------------------------
0 0007664733 MORTGAGORS: RIGLER JOEL
RIGLER DONNA
REGION CODE ADDRESS : 7360 VIEW POINT DRIVE
01 CITY : APTOS
STATE/ZIP : CA 95003
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664741 MORTGAGORS: BEARDSLEE RICHARD
BEARDSLEE LINDA
REGION CODE ADDRESS : 27 VAN GOGH WAY
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,688.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,721.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.95900
----------------------------------------------------------------
0 0007664758 MORTGAGORS: BLAKE WILLIAM
AHMADI PARISSA
REGION CODE ADDRESS : 25052 WHITESPRING
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,051.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,695,100.00
P & I AMT: 11,663.61
UPB AMT: 1,693,800.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007664782 MORTGAGORS: CASEY THOMAS
CASEY BEVERLY
REGION CODE ADDRESS : 1533 GARFIELD COURT
01 CITY : ROHNERT PARK
STATE/ZIP : CA 94928
MORTGAGE AMOUNT : 144,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,898.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,031.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664790 MORTGAGORS: PRANGE JOHN
MC DONOUGH MARY
REGION CODE ADDRESS : 5 CHRISTAMON WEST
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,775.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664832 MORTGAGORS: BARRICK MATTHEW
BARRICK JENNIFER
REGION CODE ADDRESS : 8325 NORTH 9TH AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85021
MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 195,715.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,387.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664865 MORTGAGORS: PEREZ STEPHEN
MANGIARACINO-PEREZ TERESA
REGION CODE ADDRESS : 1707 CHOCTAW DRIVE
01 CITY : SIERRA VISTA
STATE/ZIP : AZ 85635
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,773.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.61000
----------------------------------------------------------------
0 0007664881 MORTGAGORS: LUCERO MARCUS
REGION CODE ADDRESS : 2027 JOHNSTON AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,802.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.92700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,186,000.00
P & I AMT: 8,237.56
UPB AMT: 1,184,964.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007664899 MORTGAGORS: ISLAS STEPHEN
ISLAS TRUDI
REGION CODE ADDRESS : 3133 NORTH MADERA MESA PLACE
01 CITY : TUCSON
STATE/ZIP : AZ 85749
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,723.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0007664949 MORTGAGORS: MANAA MOHAMED
KLEIN CATHERINE
REGION CODE ADDRESS : 1961 LIGHTLAND COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664956 MORTGAGORS: CHAN LITKO
CHAN MANUELA
REGION CODE ADDRESS : 6487 DEER HALLOW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,640.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,259.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.91300
----------------------------------------------------------------
0 0007664964 MORTGAGORS: CIATTO PHILIP
CIATTO KELLI
REGION CODE ADDRESS : 670 ST GEORGE ROAD
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 275,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,990.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007664980 MORTGAGORS: QUIBELAN RAYMOND
QUIBELAN MARIA CLARITA
REGION CODE ADDRESS : 830 CANE PALM COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 247,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,765.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.79800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,649,150.00
P & I AMT: 11,432.74
UPB AMT: 1,647,904.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007664998 MORTGAGORS: MISRA VINAYE
MISRA NANCY
REGION CODE ADDRESS : 5173 SABIN AVENUE
01 CITY : FREMONT
STATE/ZIP : CA 94536
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007665003 MORTGAGORS: TANNER CRAIG
TANNER SHELLY
REGION CODE ADDRESS : 923 ARROWHEAD TERRACE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 193,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 193,463.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,386.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007665011 MORTGAGORS: MONNETT WILLIAM
MONNETT KAY
REGION CODE ADDRESS : 7502 SOUTH RICHFIELD STREET
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 321,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,611.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,250.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.05200
----------------------------------------------------------------
0 0007665029 MORTGAGORS: ARTHUR JENNIFER
REGION CODE ADDRESS : 1209 STANYAN STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94117
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007665037 MORTGAGORS: HOLTE DUANE
YUN YONG
REGION CODE ADDRESS : 732 GRIMSWOOD COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,715.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,001.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,450.00
P & I AMT: 11,230.76
UPB AMT: 1,608,248.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007665045 MORTGAGORS: BIRDSALL MICHAEL
FENG MARLEEN
REGION CODE ADDRESS : 10151 DEEP ROSE PLACE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 429,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,689.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,036.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.88800
----------------------------------------------------------------
0 0007665052 MORTGAGORS: GIBBS FRANK
GIBBS CAROL
REGION CODE ADDRESS : 7751 PRAIRE LAKE TRAIL
01 CITY : PARKER
STATE/ZIP : CO 80134
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,719.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.20000
----------------------------------------------------------------
0 0007665078 MORTGAGORS: BAKAS GEORGE
BAKAS GALATIA
REGION CODE ADDRESS : 1779 FROBISHER WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 379,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,904.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,586.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007665268 MORTGAGORS: HARRIS DONALD
HARRIS DONNA
REGION CODE ADDRESS : 5143 MOUNTAIN ROAD
01 CITY : PASADENA
STATE/ZIP : CA 21122
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 30.00000
----------------------------------------------------------------
0 0007668411 MORTGAGORS: DYER DAVID
DYER CHERYL
REGION CODE ADDRESS : 2704 KITTRELL DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27608
MORTGAGE AMOUNT : 252,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,333.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.57500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,711,900.00
P & I AMT: 11,848.64
UPB AMT: 1,710,417.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007668452 MORTGAGORS: POBUDA TIMOTHY
WRIGHT MARTHA
REGION CODE ADDRESS : 7979 FOSTER ROAD
01 CITY : CLARKSTON
STATE/ZIP : MI 48346
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,997.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007668536 MORTGAGORS: PEREZ JORGE
PEREZ CARMEN
REGION CODE ADDRESS : 3275 SW 110 AVE.
01 CITY : MIAMI
STATE/ZIP : FL 33165
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,477.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.62000
----------------------------------------------------------------
0 0030871800 MORTGAGORS: TEETS RYAN
TEETS COLLEEN
REGION CODE ADDRESS : 10 SYMONDS LANE
01 CITY : LEBANON/GLEN GARDNER
STATE/ZIP : NJ 08826
MORTGAGE AMOUNT : 219,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,948.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.74 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 93.38297
----------------------------------------------------------------
0 0030881940 MORTGAGORS: BYINGTON SCOTT
TAIT CHERYLE
REGION CODE ADDRESS : 240 SOUTH BROADWAY # 6
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 247,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,628.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030899173 MORTGAGORS: FORMAN MICHAEL
FORMAN JENNIFER
REGION CODE ADDRESS : 206 SOUTH SARTAIN STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19107
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,361.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,313,600.00
P & I AMT: 9,682.12
UPB AMT: 1,308,414.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030960801 MORTGAGORS: EVERS FRANCIS
GREENFIELD LAUREN
REGION CODE ADDRESS : 2417 MC KINLEY AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90291
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,499.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030975494 MORTGAGORS: ROGAL PAMELA
REGION CODE ADDRESS : 36 LUCILLE PLACE UNIT 36
01 CITY : NEWTON
STATE/ZIP : MA 02164
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,989.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.85600
----------------------------------------------------------------
0 0030983548 MORTGAGORS: MC CARTHY KEVIN
MC CARTHY NANCY
REGION CODE ADDRESS : 13221 HAXTON PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 43.80900
----------------------------------------------------------------
0 0030996946 MORTGAGORS: DAVIS JUDITH
REGION CODE ADDRESS : 491 WINDING ROSE DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 224,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,971.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99100
----------------------------------------------------------------
0 0031004245 MORTGAGORS: CHRISTIANSEN ROBERT
CHRISTIANSEN YOLANDA
REGION CODE ADDRESS : 964 N SIERRA BONITA AVENUE
01 CITY : PASADENA
STATE/ZIP : CA 91104
MORTGAGE AMOUNT : 222,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,003.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,219,350.00
P & I AMT: 8,724.20
UPB AMT: 1,213,463.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031015324 MORTGAGORS: ADAMSHICK ANDREW
ADAMSHICK JANICE
REGION CODE ADDRESS : 6424 MUSTER COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20121
MORTGAGE AMOUNT : 219,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,704.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,516.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031017643 MORTGAGORS: RICKETTS RICHARD
RICKETTS MARY
REGION CODE ADDRESS : 40709 GUALALA PLACE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 218,338.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,433.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,583.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.64900
----------------------------------------------------------------
0 0031018591 MORTGAGORS: VAN SINDEREN JOHN
DIENER-VAN SINDEREN PAULA
REGION CODE ADDRESS : 17366 JESSICA LANE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 239,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,899.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.38200
----------------------------------------------------------------
0 0031030406 MORTGAGORS: SHRAIBATI TAREK
SHRAIBATI LILLY
REGION CODE ADDRESS : 414 KANAN DUME ROAD
01 CITY : MALIBU AREA
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,423.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,729.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.57300
----------------------------------------------------------------
0 0031032204 MORTGAGORS: EWING CHARLES
EWING VALERIE
REGION CODE ADDRESS : 30 LEDGE ROAD
01 CITY : WAYNE
STATE/ZIP : NJ 07470
MORTGAGE AMOUNT : 242,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,165.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.34700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,320,288.00
P & I AMT: 9,325.92
UPB AMT: 1,316,627.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031043854 MORTGAGORS: BLACK JOHN
REGION CODE ADDRESS : 2757 HIGHWAY 51
01 CITY : SENATOBIA
STATE/ZIP : MS 38668
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.29500
----------------------------------------------------------------
0 0031050065 MORTGAGORS: VON LIOTES PETER
REGION CODE ADDRESS : 1190 MARION WAY
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92264
MORTGAGE AMOUNT : 241,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,474.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.56200
----------------------------------------------------------------
0 0031052111 MORTGAGORS: STEPOWANY BRIAN
FEDERICO SUSAN
REGION CODE ADDRESS : 295 BEACH FRONT
01 CITY : MANASQUAN
STATE/ZIP : NJ 08736
MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,148.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.15000
----------------------------------------------------------------
0 0031052632 MORTGAGORS: DIETRICH ANDREW
DIETRICH LINDA
REGION CODE ADDRESS : 332 BLUE ROCKS ROAD
01 CITY : LENHARTSVILLE
STATE/ZIP : PA 19534
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 : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031052764 MORTGAGORS: STEVENS MARGO
STEVENS GERALD
REGION CODE ADDRESS : 4601 BRIGHTWOOD ROAD
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 59.83000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,400.00
P & I AMT: 10,073.14
UPB AMT: 1,439,488.16
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031064850 MORTGAGORS: ROBINSON PETER
ROBINSON MARY
REGION CODE ADDRESS : 7720 SAN ISABEL DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,328.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.21500
----------------------------------------------------------------
0 0031070881 MORTGAGORS: MILLER GARY
EATON WILLIAM
REGION CODE ADDRESS : 4771 25TH STREET NORTH
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,871.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,519.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031075880 MORTGAGORS: GALLO LUIS
GALLO IVON
REGION CODE ADDRESS : 1200 DANBURY AVENUE
01 CITY : DAVIE
STATE/ZIP : FL 33325
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,053.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.17900
----------------------------------------------------------------
0 0031076623 MORTGAGORS: SNYDER GARY
SNYDER SANDRA
REGION CODE ADDRESS : 4401 CASTLEGLEN DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 223,844.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,798.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031076722 MORTGAGORS: THAYER DONALD
THAYER CATHY
REGION CODE ADDRESS : 901 BRISTOL COURT
01 CITY : SOUTHLAKE
STATE/ZIP : TX 76092
MORTGAGE AMOUNT : 361,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,261.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,493.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.83300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,335,444.00
P & I AMT: 9,236.50
UPB AMT: 1,332,260.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031080211 MORTGAGORS: PEREZ JOSE
PEREZ BLANCA
REGION CODE ADDRESS : 3435 PASEO ANCHO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 252,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,352.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.99600
----------------------------------------------------------------
0 0031081425 MORTGAGORS: TRAUGOTT JOHN
TRAUGOTT MARSHA
REGION CODE ADDRESS : 1413 MORNING STAR
01 CITY : EDMOND
STATE/ZIP : OK 73034
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,384.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,547.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031082761 MORTGAGORS: SIMENTAL RUBEN
REGION CODE ADDRESS : 2601 ALISTER AVENUE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,747.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98800
----------------------------------------------------------------
0 0031083256 MORTGAGORS: GREENBERG ANDREW
MOUSSAIOFF MIRIAM
REGION CODE ADDRESS : 1418 HENRY STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94709
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,443.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031083298 MORTGAGORS: DOUD STEPHEN
DOUD CAROLYN
REGION CODE ADDRESS : 3412 LEIGH COURT
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 324,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,303.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,241.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,600.00
P & I AMT: 9,145.85
UPB AMT: 1,288,231.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031085749 MORTGAGORS: HARR MARY
REGION CODE ADDRESS : 2461 REBECCA LYNN WAY
01 CITY : SANTA CLARA
STATE/ZIP : CA 95050
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,742.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.81500
----------------------------------------------------------------
0 0031090285 MORTGAGORS: POLYAKOV ILYA
POLYAKOV LILYA
REGION CODE ADDRESS : 12917 VALLEYHEART DRIVE #1
01 CITY : STUDIO CITY (AREA)
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 218,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,084.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031090905 MORTGAGORS: SNIVELY DONALD
SNIVELY ELIZABETH
REGION CODE ADDRESS : 4521 SKYLINE DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,547.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98200
----------------------------------------------------------------
0 0031094337 MORTGAGORS: NIED ARTHUR
NIED DOROTHY
REGION CODE ADDRESS : 40 GINGHAM STREET
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 227,920.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,202.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,554.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031094683 MORTGAGORS: VILLA DANNY
VILLA JOANNE
REGION CODE ADDRESS : 385 TUOLUMNE DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,234.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.27100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,122,670.00
P & I AMT: 7,945.53
UPB AMT: 1,118,811.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031095359 MORTGAGORS: GOODMAN RICHARD
GOODMAN DIANE
REGION CODE ADDRESS : 40 ESTERNAY DRIVE
01 CITY : FOOTHILL RANCH AREA
STATE/ZIP : CA 92610
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,350.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031095748 MORTGAGORS: MOUTSIOS WILLIAM
MOUTSIOS MARY JO
REGION CODE ADDRESS : 1946 UPLAND STREET
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,938.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,581.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.62700
----------------------------------------------------------------
0 0031097769 MORTGAGORS: CARROLL EDWARD
LIDER-CARROLL ALICE
REGION CODE ADDRESS : 17301 KNAPP STREET
01 CITY : NORTHRIDGE (AREA)
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,968.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,273.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031105158 MORTGAGORS: HOGREBE GARY
HOGREBE CAROL
REGION CODE ADDRESS : 2925 SPARROW DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 227,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,827.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.76600
----------------------------------------------------------------
0 0031106669 MORTGAGORS: SNYDER JACK
SNYDER ELIZABETH
REGION CODE ADDRESS : 553 ANN LANE
01 CITY : CALIFORNIA
STATE/ZIP : MD 20619
MORTGAGE AMOUNT : 335,426.11 OPTION TO CONVERT :
UNPAID BALANCE : 311,904.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.66882
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,333,226.11
P & I AMT: 9,614.42
UPB AMT: 1,303,988.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031108335 MORTGAGORS: PEDERSON STIG
TAMURA JOKO
REGION CODE ADDRESS : 1039 GRANT STREET #3
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,409.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.12000
----------------------------------------------------------------
0 0031109648 MORTGAGORS: CLARK LEE
CLARK TRACY
REGION CODE ADDRESS : 391 FORREST PARK CIRCLE
01 CITY : FRANKLIN
STATE/ZIP : TN 37064
MORTGAGE AMOUNT : 225,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,475.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,574.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031109994 MORTGAGORS: JOHNSON WALT
JOHNSON JAYNE
REGION CODE ADDRESS : 3101 LA COSA COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 216,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,138.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,551.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98800
----------------------------------------------------------------
0 0031110216 MORTGAGORS: LYNCH JOHN
REGION CODE ADDRESS : 4083 MURIETTA AVE
01 CITY : SHERMAN OAKS
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,554.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031113038 MORTGAGORS: TAN TOMMY
TAN WENDY
REGION CODE ADDRESS : 2805 WENTIFF COURT
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 229,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,712.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.10300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,120,350.00
P & I AMT: 8,006.18
UPB AMT: 1,117,290.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031116528 MORTGAGORS: KIM UK WHAN
JO MICHELLE
REGION CODE ADDRESS : 11291 BIXLER DRIVE
01 CITY : GARDEN GROVE
STATE/ZIP : CA 92840
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,893.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031117096 MORTGAGORS: DEMIRAIAKIAN GABE
DEMIRAIAKIAN CATHERINE
REGION CODE ADDRESS : 4324 GOLDEN GLEN DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 227,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,027.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,535.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 10/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031119548 MORTGAGORS: HODGES THOMAS
HODGES LA REIGN
REGION CODE ADDRESS : 26065 NORTH SINGER PLACE
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 198,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 196,582.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,418.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0031120868 MORTGAGORS: AYALA ANNABEYA
REGION CODE ADDRESS : 605 GETTYSBURG DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 229,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,193.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,587.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031120934 MORTGAGORS: BOLAND MICHAEL
BOLAND TAMMY
REGION CODE ADDRESS : 8429 BECKET CIRCLE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 215,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,674.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,560.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,100,550.00
P & I AMT: 7,806.49
UPB AMT: 1,096,371.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031125560 MORTGAGORS: WITHERS THOMAS
REGION CODE ADDRESS : 14246 CLUBHOUSE ROAD
01 CITY : GAINESVILLE
STATE/ZIP : VA 20155
MORTGAGE AMOUNT : 274,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.98400
----------------------------------------------------------------
0 0031126055 MORTGAGORS: GIPSON TIMMY
MORET DENISE
REGION CODE ADDRESS : 5129 REYNIER AVENUE
01 CITY : LOS ANGELES AREA
STATE/ZIP : CA 90056
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,571.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031128820 MORTGAGORS: CARMAN HARRY
CARMAN EDITH
REGION CODE ADDRESS : 131 NW 42 WAY
01 CITY : DEERFIELD BEACH
STATE/ZIP : FL 33442
MORTGAGE AMOUNT : 99,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,403.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 739.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031130719 MORTGAGORS: KELLY TIMMY
KELLY DIANE
REGION CODE ADDRESS : 8732 CASTLE HILL AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 263,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,703.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98700
----------------------------------------------------------------
0 0031131576 MORTGAGORS: HORNER WILLIAM
HORNER CINDY
REGION CODE ADDRESS : 324 AINSDALE COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 245,294.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,528.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,171,094.00
P & I AMT: 8,277.81
UPB AMT: 1,169,006.93
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031143126 MORTGAGORS: KRAVITZ IAN
KRAVITZ FELICE
REGION CODE ADDRESS : 323 SAN VICENTE BLVD., UNIT 18
01 CITY : SANTA MONICA
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 495,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 494,425.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,378.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031150220 MORTGAGORS: JAESCHKE NORA
REGION CODE ADDRESS : 200 HARBOR DRIVE # 1903
01 CITY : SAN DIEGO
STATE/ZIP : CA 92101
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,541.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031151558 MORTGAGORS: ROY CLINTON
ROY MARIE
REGION CODE ADDRESS : 6195 LAKEVIEW CIRCLE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,836.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031152358 MORTGAGORS: JADUSHLEVER ELIA
JADUSHLEVER RENEE
REGION CODE ADDRESS : 519 PITCAIRN DRIVE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,546.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.27500
----------------------------------------------------------------
0 0031153554 MORTGAGORS: ALVAREZ KARINE
REGION CODE ADDRESS : 18176 SW 26TH COURT
01 CITY : MIRAMAR
STATE/ZIP : FL 33029
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,437.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.84600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,200.00
P & I AMT: 11,398.05
UPB AMT: 1,617,787.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031154834 MORTGAGORS: KNEEBURG KATHRYN
REGION CODE ADDRESS : 6321 WEST 85TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,587.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,547.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031154941 MORTGAGORS: CROSBY KEVIN
COULTER JULIE
REGION CODE ADDRESS : 102 GOLD DUST TRAIL
01 CITY : LUCAS
STATE/ZIP : TX 75002
MORTGAGE AMOUNT : 217,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,970.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,541.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0031157100 MORTGAGORS: PEGRAM DAVID
PEGRAM KAREN
REGION CODE ADDRESS : 14420 SATURN WAY
01 CITY : BOYDS
STATE/ZIP : MD 20841
MORTGAGE AMOUNT : 225,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,872.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,593.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031160310 MORTGAGORS: SCHLEGEL MICHAEL
SCHLEGEL LAURA
REGION CODE ADDRESS : 16080 N.W. EDWARD COURT
01 CITY : BEAVERTON
STATE/ZIP : OR 97006
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,522.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.91500
----------------------------------------------------------------
0 0031160732 MORTGAGORS: LEIBRICK PETER
LEIBRICK SUZANNE
REGION CODE ADDRESS : 3116 KLONDIKE AVENUE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,531.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,102,950.00
P & I AMT: 7,863.49
UPB AMT: 1,100,485.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031166937 MORTGAGORS: FRIEDMAN SIMON
MANDEVILLE LINDA
REGION CODE ADDRESS : 3841 KESWICK ROAD
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 575,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,435.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,121.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031167471 MORTGAGORS: SAMS R.
SAMS ROSEMARY
REGION CODE ADDRESS : 32 ROLLING MEADOW DRIVE
01 CITY : HOLLISTON
STATE/ZIP : MA 01746
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,501.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.51 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031168388 MORTGAGORS: ARONSSON JOHN
ARONSSON LYNDA
REGION CODE ADDRESS : 850 WEST GABRIELINO COURT
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 399,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031168594 MORTGAGORS: DI MAIO ALFRED
DI MAIO ELIZABETH
REGION CODE ADDRESS : 426 OCEANFRONT
01 CITY : LONG BEACH
STATE/ZIP : NY 11561
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,586.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.93700
----------------------------------------------------------------
0 0031180409 MORTGAGORS: POWELL BRIAN
POWELL STEPHANIE
REGION CODE ADDRESS : 1409 PEARL RIVER DRIVE
01 CITY : FLOWER MOUND
STATE/ZIP : TX 75028
MORTGAGE AMOUNT : 136,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,687.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 910.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,685,550.00
P & I AMT: 11,611.14
UPB AMT: 1,683,710.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031182645 MORTGAGORS: TRAURIG MARK
TRAURIG DIANE
REGION CODE ADDRESS : 1542 BLUEBERRY COURT
01 CITY : JAMISON
STATE/ZIP : PA 18929
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,231.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.02000
----------------------------------------------------------------
0 0031184351 MORTGAGORS: ROTHSCHILD NORMAN
ROTHSCHILD LOIS
REGION CODE ADDRESS : 5907 WEST VIEW DRIVE
01 CITY : ORANGE
STATE/ZIP : CA 92869
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,631.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,490.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 65.88200
----------------------------------------------------------------
0 0031187008 MORTGAGORS: FRANCO GEORGE
STAHL SUSAN
REGION CODE ADDRESS : 614 SANTA ALICIA
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 269,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,338.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031187917 MORTGAGORS: HOCHSTADTER BRUCE
HOCHSTADTER MARCIA
REGION CODE ADDRESS : 11565 EAST DESERT HOLLY DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 283,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,795.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.76900
----------------------------------------------------------------
0 0031188428 MORTGAGORS: WACHTER RONALD
REGELLO BARBARA
REGION CODE ADDRESS : 1967 O'FARRELL ST
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 290,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,988.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.86000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,293,400.00
P & I AMT: 9,000.46
UPB AMT: 1,290,985.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031190093 MORTGAGORS: PRAPPAS JAMES
PRAPPAS KATHRYN
REGION CODE ADDRESS : 4230 EMORY AVENUE
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 311,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,411.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,127.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031191695 MORTGAGORS: DAVIS RALPH
REGION CODE ADDRESS : 29 COVINGTON DRIVE
01 CITY : PALM DESERT
STATE/ZIP : CA 92260
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,282.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031193899 MORTGAGORS: CAGIR BURT
CAGIR SUSAN
REGION CODE ADDRESS : 504 SABINE CIRCLE
01 CITY : WYNNEWOOD
STATE/ZIP : PA 19096
MORTGAGE AMOUNT : 280,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0031195597 MORTGAGORS: KELLERMAN HILLEL
KELLERMAN RUTH
REGION CODE ADDRESS : 27877 HAMILTAIR DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.51162
----------------------------------------------------------------
0 0031196009 MORTGAGORS: VAN LONDEN JAN
VAN LONDEN CHARLOTTE
REGION CODE ADDRESS : 409 YANTZ DRIVE
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 60.24000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,642,850.00
P & I AMT: 11,395.64
UPB AMT: 1,641,264.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031197965 MORTGAGORS: CUTLER JAMES
CUTLER JOHNNI
REGION CODE ADDRESS : 4015 181ST AVENUE SOUTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98008
MORTGAGE AMOUNT : 293,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,342.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,103.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031200066 MORTGAGORS: HOLT ANDREW
HOLT DONNA
REGION CODE ADDRESS : 8923 DAY LILY COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 293,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,182.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031204761 MORTGAGORS: BOUCHER JENNIFER
MCNELLY GREGORY
REGION CODE ADDRESS : 8903 DAY LILY COURT
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 278,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99300
----------------------------------------------------------------
0 0031204894 MORTGAGORS: EBERLY JOHN
EBERLY RONDA
REGION CODE ADDRESS : 1 FABLING COURT
01 CITY : TAYLORS
STATE/ZIP : SC 29687
MORTGAGE AMOUNT : 481,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 481,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,325.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031207830 MORTGAGORS: SIGAL ANDREW
REGION CODE ADDRESS : 135 WOODBRIDGE DR
01 CITY : EAST GREENWICH
STATE/ZIP : RI 02818
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,596,800.00
P & I AMT: 11,170.01
UPB AMT: 1,596,375.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031207939 MORTGAGORS: ESSRIG C.
REGION CODE ADDRESS : 76 WEST RUTLAND SQUARE UNIT #101
01 CITY : BOSTON
STATE/ZIP : MA 02118
MORTGAGE AMOUNT : 371,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,744.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,690.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.31818
----------------------------------------------------------------
0 0031209398 MORTGAGORS: ROSENSTEIN ARI
ROSENSTEIN ALIZA
REGION CODE ADDRESS : 9055 CRESTA DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,745.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,491.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.52100
----------------------------------------------------------------
0 0031210628 MORTGAGORS: ISAACSON STEPHEN
FAZZINI ANN
REGION CODE ADDRESS : 22020 E ARBOR DRIVE
01 CITY : AURORA
STATE/ZIP : CO 80016
MORTGAGE AMOUNT : 386,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,259.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,671.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031210636 MORTGAGORS: HARRISON PHILLIP
REGION CODE ADDRESS : 5816 LAWTON COURT
01 CITY : LANHAM
STATE/ZIP : MD 20706
MORTGAGE AMOUNT : 244,761.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,761.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031210651 MORTGAGORS: RILEY STEVEN
RILEY JULIE
REGION CODE ADDRESS : 6235 LAKE SARAH HEIGHTS DRIVE
01 CITY : ROCKFORD
STATE/ZIP : MN 55373
MORTGAGE AMOUNT : 246,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,423.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,601,411.00
P & I AMT: 11,165.82
UPB AMT: 1,599,933.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031211329 MORTGAGORS: ROBINSON JOSEPH
PUMPHREY MARILYN
REGION CODE ADDRESS : 1400 EASTWICK LANE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,032.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.27000
----------------------------------------------------------------
0 0031214091 MORTGAGORS: SCHENKEL PHILIP
SCHENKEL MAUREEN
REGION CODE ADDRESS : 4627 HALE LANE
01 CITY : EMMAUS
STATE/ZIP : PA 18049
MORTGAGE AMOUNT : 221,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,327.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,589.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98900
----------------------------------------------------------------
0 0031215981 MORTGAGORS: WOLFARD GEORGE
WOLFAND ELLIN
REGION CODE ADDRESS : 9922 DERBYSHIRE LANE
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,807.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.68400
----------------------------------------------------------------
0 0031216674 MORTGAGORS: SPICER GARY
MCLAUGHLIN KIM
REGION CODE ADDRESS : 566-568 ARLINGTON AVE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.07407
----------------------------------------------------------------
0 0031217722 MORTGAGORS: DRAKE FRED
DRAKE PAULA
REGION CODE ADDRESS : 45 EVERETT AVENUE
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 525,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,715.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,062,800.00
P & I AMT: 14,529.41
UPB AMT: 2,060,870.15
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031217789 MORTGAGORS: FLEMING HOWARD
COLEMAN DEBORAH
REGION CODE ADDRESS : 1803 COURTLAND ROAD
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22306
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,642.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031218548 MORTGAGORS: GRANT HALCOTT
REGION CODE ADDRESS : 36 DAVIS AVENUE
01 CITY : BROOKLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.90600
----------------------------------------------------------------
0 0031219108 MORTGAGORS: STRINGER LORINDA
REGION CODE ADDRESS : 12474 CASBEER DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 231,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,559.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 94.98000
----------------------------------------------------------------
0 0031219694 MORTGAGORS: GILLIAM LOY
GILLIAM JO ANNE
REGION CODE ADDRESS : 2934 BAKER STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031221294 MORTGAGORS: CLAGGETT STUART
CLAGGETT CLAUDIA
REGION CODE ADDRESS : 7707 GRALNICK PLACE
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22153
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,300.00
P & I AMT: 9,463.18
UPB AMT: 1,345,860.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031223076 MORTGAGORS: HAZLETT ROBERT
HAZLETT ANTOINETTE
REGION CODE ADDRESS : 2021 PLYMOUTH STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20012
MORTGAGE AMOUNT : 286,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,619.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.53500
----------------------------------------------------------------
0 0031224330 MORTGAGORS: CHUN GAYNE
CHUN JOANNE
REGION CODE ADDRESS : 2101 NUUANU AVENUE #301
01 CITY : HONOLULU
STATE/ZIP : HI 96817
MORTGAGE AMOUNT : 171,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 170,869.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,181.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.53400
----------------------------------------------------------------
0 0031225949 MORTGAGORS: HILL THOMAS
HILL KAREN
REGION CODE ADDRESS : 1925 PEVERIL COURT
01 CITY : HUNTINGTOWN
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 339,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,373.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031226335 MORTGAGORS: ANGELONI ELVIO
ANGELONI CECILIA
REGION CODE ADDRESS : 3502 NORTH GIDDINGS RANCH ROAD
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 305,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.61 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 74.99200
----------------------------------------------------------------
0 0031226368 MORTGAGORS: GARNETT WILLIAM
REGION CODE ADDRESS : 8512 TUSCANY AVENUE NO. 401
01 CITY : LOS ANGELES
STATE/ZIP : CA 90293
MORTGAGE AMOUNT : 152,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 152,683.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,055.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,255,050.00
P & I AMT: 8,594.28
UPB AMT: 1,253,923.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031226434 MORTGAGORS: MC CLANAHAN JAMES
KIRIAZE LANE
REGION CODE ADDRESS : 220 LARK LANE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 543,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 543,071.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,132.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031227044 MORTGAGORS: MILLER MICHAEL
MILLER ELIZABETH
REGION CODE ADDRESS : 14631 BESTOR BLVD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,747.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,883.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 75.58100
----------------------------------------------------------------
0 0031227317 MORTGAGORS: MURPHY HARRY
MURPHY ANITA
REGION CODE ADDRESS : 870-872 ELIZABETH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,268.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,598.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 78.00000
----------------------------------------------------------------
0 0031227325 MORTGAGORS: PEARL MARK
COPLEN-PEARL LISA
REGION CODE ADDRESS : 847 STANFORD STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,411.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031227366 MORTGAGORS: CORCORAN JOHN
CORCORAN SUSAN
REGION CODE ADDRESS : 13866 ESPADA COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,479.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,057.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 76.07400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,528,750.00
P & I AMT: 19,128.13
UPB AMT: 2,523,978.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031227630 MORTGAGORS: THOMPSON MARSHALL
REGION CODE ADDRESS : 5782 CALPINE DRIVE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 530,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 529,418.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,264.50 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 9.00000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031228117 MORTGAGORS: JOHUR JOHN
JOHUR SHARON
REGION CODE ADDRESS : 12226 MISTY BLUE COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,354.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.98606
----------------------------------------------------------------
0 0031228794 MORTGAGORS: GUZMAN SERJIO
REGION CODE ADDRESS : 3623 PUTTER DRIVE
01 CITY : BONITA
STATE/ZIP : CA 91902
MORTGAGE AMOUNT : 140,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 139,786.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 966.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031230402 MORTGAGORS: NG HERBERT
NG ALICE
REGION CODE ADDRESS : 91 PARKSIDE AVE
01 CITY : DALY CITY
STATE/ZIP : CA 94015
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031230808 MORTGAGORS: REPOLE MARIO
REPOLE PATRICIA
REGION CODE ADDRESS : 2720 MALVERN HILL CT
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 20740
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.27200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,697,800.00
P & I AMT: 12,368.85
UPB AMT: 1,696,322.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031230923 MORTGAGORS: MURRAY ROBERT
MURRAY DIANE
REGION CODE ADDRESS : 13731 VALLEY OAK CIRCLE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20850
MORTGAGE AMOUNT : 272,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.91800
----------------------------------------------------------------
0 0031231095 MORTGAGORS: STEVENS STUART
STEVENS SHAWNA
REGION CODE ADDRESS : 7545 MORNINGSIDE DRIVE
01 CITY : LOOMIS
STATE/ZIP : CA 95650
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031231152 MORTGAGORS: DUNCAN KEVIN
REGION CODE ADDRESS : 404 SOUTH TEMPLE VIEW DRIVE
01 CITY : BOUNTIFUL
STATE/ZIP : UT 84010
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,513.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031231368 MORTGAGORS: JOVIC SRBOLJUB
JOVIC NATASA
REGION CODE ADDRESS : 892 HOLLENBECK AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,480.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031232283 MORTGAGORS: LOVOY ANTHONY
WITTENBERG CHRISTINA
REGION CODE ADDRESS : 2603 RUHLAND AVENUE "B"
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,535.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.94000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,650.00
P & I AMT: 10,574.01
UPB AMT: 1,522,211.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031232697 MORTGAGORS: ROBERTSON DALE
ROBERTSON LISA
REGION CODE ADDRESS : 892 HELENA DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031233091 MORTGAGORS: ARBUCKLE FREDERICK
REGION CODE ADDRESS : 3307 PIRAGUA STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,535.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031233158 MORTGAGORS: BAKER NICHOLAS
CHANG ALICE
REGION CODE ADDRESS : 20697 SUNRISE DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 636,990.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,294.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031233364 MORTGAGORS: STEFAN ROBERT
VARGAS TINA
REGION CODE ADDRESS : 27122 PEMBINA ROAD
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 359,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,175.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031233943 MORTGAGORS: TAFFE NORMAN
TAFFE SONYA
REGION CODE ADDRESS : 2828 MIRA BELLA CIRCLE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,780.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.24600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,882,500.00
P & I AMT: 12,819.05
UPB AMT: 1,880,241.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031233992 MORTGAGORS: WITKIN PAULA
WITKIN MARK
REGION CODE ADDRESS : 36 BERESFORD ROAD
01 CITY : CHESTNUT HILL (BROOKLINE)
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,892.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
0 0031234479 MORTGAGORS: HOUSE RENE
HILARIO-HOUSE CHRISTY
REGION CODE ADDRESS : 5238 BERRYMAN AVENUE
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,812.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031234545 MORTGAGORS: GREER RICHARD
GREER NANCY
REGION CODE ADDRESS : 3515 TIMBER RIDGE TRAIL
01 CITY : CEDAR RAPIDS
STATE/ZIP : IA 52411
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.14 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031234834 MORTGAGORS: NOBBS DAVID
NOBBS SHELLY
REGION CODE ADDRESS : 3187 MOCKINGBIRD KNOLL
01 CITY : LAVERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,795.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.97100
----------------------------------------------------------------
0 0031235153 MORTGAGORS: JESSEN ARTHUR
JESSEN DIANE
REGION CODE ADDRESS : 607 RIDGE RD
01 CITY : KENILWORTH
STATE/ZIP : IL 60043
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 : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 45.21700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,595,000.00
P & I AMT: 10,973.92
UPB AMT: 1,594,608.08
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031235195 MORTGAGORS: WILSON THOMAS
WILSON CAROLINE
REGION CODE ADDRESS : 18220 CALVERT STREET
01 CITY : LOS ANGELES TARZANA AREA
STATE/ZIP : CA 91335
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,767.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.84200
----------------------------------------------------------------
0 0031235245 MORTGAGORS: USHIBA AKIRA
USHIBA TOMOKO
REGION CODE ADDRESS : 1259 TOWNSEND TERRACE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 332,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,271.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,410.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.56300
----------------------------------------------------------------
0 0031235393 MORTGAGORS: SHEFF DOUGLAS
REGION CODE ADDRESS : 63 ATLANTIC AVENUE #8B
01 CITY : BOSTON
STATE/ZIP : MA 02114
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------
0 0031235450 MORTGAGORS: MARSH HENRY
MARSH LESLIE
REGION CODE ADDRESS : 297 SUMMER AVENUE
01 CITY : READING
STATE/ZIP : MA 01867
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031235575 MORTGAGORS: MCCLENDON CURTIS
BURTON-MCCLENDON KATHRYN
REGION CODE ADDRESS : 23338 PARK HACIENDA
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,659,500.00
P & I AMT: 11,679.18
UPB AMT: 1,659,039.09
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031236409 MORTGAGORS: WILSON LARRY
WILSON DEBRA
REGION CODE ADDRESS : 6065 CALLE MIRADOR
01 CITY : YORBA LINDA
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031236417 MORTGAGORS: JINIAN LEEZA
REGION CODE ADDRESS : 1826 NORTH EDGEMONT STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031236433 MORTGAGORS: WALLACE JOSEPH
WALLACE KAREN
REGION CODE ADDRESS : 2 COPPS HILL STREET
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 439,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,556.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,000.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99600
----------------------------------------------------------------
0 0031237225 MORTGAGORS: GOLDHAMMER ALAN
REGION CODE ADDRESS : 4617 VISTA MONTANA
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,802.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 67.62400
----------------------------------------------------------------
0 0031237241 MORTGAGORS: FITZHARRIS DAVID
FITZHARRIS VALERIE
REGION CODE ADDRESS : 5842 RIDGEBROOK DRIVE
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,488,900.00
P & I AMT: 10,202.74
UPB AMT: 1,487,955.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031237571 MORTGAGORS: WHITE ROBERT
WHITE TRACY
REGION CODE ADDRESS : 301 LA VERNE AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 467,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,931.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,594.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.50000 PRODUCT CODE : 250
LTV : 69.77600
----------------------------------------------------------------
0 0031237795 MORTGAGORS: JABER NAIF
JABER AMAL
REGION CODE ADDRESS : 881 MORNINGSIDE DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 319,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,390.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,402.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 60.00000
----------------------------------------------------------------
0 0031238876 MORTGAGORS: BENNETT AARON
BENNETT SHARON
REGION CODE ADDRESS : 3434 PASEO ANCHO
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 328,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,106.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031239197 MORTGAGORS: GILANI ALI
REGION CODE ADDRESS : 5581-5585 CAMPO WALK
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,710.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.02100
----------------------------------------------------------------
0 0031239452 MORTGAGORS: SCHANDLER DAVID
SCHANDLER HEIDI
REGION CODE ADDRESS : 11056 ALDBURY COURT
01 CITY : RESTON
STATE/ZIP : VA 20194
MORTGAGE AMOUNT : 303,163.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,938.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,119.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.05100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,818,813.00
P & I AMT: 13,244.04
UPB AMT: 1,817,077.13
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031239510 MORTGAGORS: TAMES CHARLES
TAMES SUSAN
REGION CODE ADDRESS : 106 BIGMOUNT COURT
01 CITY : ABINGDON
STATE/ZIP : MD 21009
MORTGAGE AMOUNT : 249,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,664.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031240203 MORTGAGORS: SERGER CARL
SERGER SUZANNE
REGION CODE ADDRESS : 9201 WEANT DRIVE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,813.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.77800
----------------------------------------------------------------
0 0031240377 MORTGAGORS: BLUM SAMUEL
BLUM ESTHER
REGION CODE ADDRESS : 21 SUZANNE DRIVE
01 CITY : MONSEY
STATE/ZIP : NY 10952
MORTGAGE AMOUNT : 422,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 421,694.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,986.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.62200
----------------------------------------------------------------
0 0031240385 MORTGAGORS: GORING MICHAEL
GORING DIANE
REGION CODE ADDRESS : 747 PAVILLION DRIVE
01 CITY : FAIRFIELD
STATE/ZIP : CA 94585
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,800.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.85700
----------------------------------------------------------------
0 0031240500 MORTGAGORS: PRIEST SANDY
REGION CODE ADDRESS : 1129 CAPITOL DR. UNIT 55
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 277,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,533.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,600.00
P & I AMT: 10,274.28
UPB AMT: 1,469,506.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 47
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031240625 MORTGAGORS: SHAHEEN ANTHONY
SHAHEEN ASMA
REGION CODE ADDRESS : 26601 WHITE OAKS DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,309.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.47200
----------------------------------------------------------------
0 0031240690 MORTGAGORS: WONG JAMES
HARENZA KATHERINE
REGION CODE ADDRESS : 1711 W. HENDERSON
01 CITY : CHICAGO
STATE/ZIP : IL 60657
MORTGAGE AMOUNT : 371,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,450.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,565.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031240773 MORTGAGORS: OSBORNE JAMES
OSBORNE MICHELE
REGION CODE ADDRESS : 64 S EQUESTRIAN COURT
01 CITY : GILBERT
STATE/ZIP : AZ 85296
MORTGAGE AMOUNT : 326,670.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,670.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
0 0031240922 MORTGAGORS: CHADD DONALD
MAXWELL-CHADD BONALYN
REGION CODE ADDRESS : 21465 BIRDHOLLOW DR.
01 CITY : TRABUCO CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,783.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,199.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.74000
----------------------------------------------------------------
0 0031241094 MORTGAGORS: GIOVENNELLA MARC
GIOVENNELLA SHASTA
REGION CODE ADDRESS : 1 SEQUOIA DRIVE
01 CITY : ALISO VIEJO
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 175,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,562.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,198.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 92.47300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,457,320.00
P & I AMT: 10,224.55
UPB AMT: 1,456,775.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 48
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031241698 MORTGAGORS: GROVES JEFF
GROVES ANGELA
REGION CODE ADDRESS : 215 VIA ALAMEDA
01 CITY : TORRANCE
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.55 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.43478
----------------------------------------------------------------
0 0031242068 MORTGAGORS: REDIKER DONALD
REGION CODE ADDRESS : 31161 CALLE BOLERO
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.88800
----------------------------------------------------------------
0 0031242571 MORTGAGORS: AYOOB DONALD
DEVLIN DRU
REGION CODE ADDRESS : 77 VENTURA STREET
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,784.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 71.05200
----------------------------------------------------------------
0 0031242662 MORTGAGORS: FLORES LESLIE
REGION CODE ADDRESS : 1040 SOUTH LA JOLLA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90035
MORTGAGE AMOUNT : 357,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,234.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,499.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.71700
----------------------------------------------------------------
0 0031242688 MORTGAGORS: SHAKA GREGORY
SHAKA DONNA
REGION CODE ADDRESS : 11322 MAGNOLIA PLACE
01 CITY : SMITHFIELD
STATE/ZIP : VA 23430
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,004.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,547,700.00
P & I AMT: 10,632.78
UPB AMT: 1,547,023.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 49
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031242738 MORTGAGORS: GROSS LEE
GROSS VIRGINA
REGION CODE ADDRESS : 6364 ROYAL GROVE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,356.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.97800
----------------------------------------------------------------
0 0031243058 MORTGAGORS: HANSON MATTHEW
HANSON KIRSTEN
REGION CODE ADDRESS : 5254 EAST PAOLI WAY
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 340,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,847.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031243181 MORTGAGORS: REYNOLDS GLENN
REYNOLDS JOYCE
REGION CODE ADDRESS : 3563 AVENIDA PANTERA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 644,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 643,771.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,504.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031243405 MORTGAGORS: HERTZ ROBERT
HERTZ JO ANNE
REGION CODE ADDRESS : 360 DALEHURST AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,752.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 23.78500
----------------------------------------------------------------
0 0031243611 MORTGAGORS: NORDHOFF HENRY
REGION CODE ADDRESS : 231 10TH STREET
01 CITY : DEL MAR
STATE/ZIP : CA 92014
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,665.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.75000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,243,350.00
P & I AMT: 15,606.77
UPB AMT: 2,242,037.52
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 50
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031243819 MORTGAGORS: CHOU CHENG KUO
CHOU PEIPEI
REGION CODE ADDRESS : 350 ROBINWOOD LANE
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 616,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 616,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,307.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.47000
----------------------------------------------------------------
0 0031244023 MORTGAGORS: CUTHBERTSON BRUCE
CUTHBERTSON STACEY
REGION CODE ADDRESS : 15834 EAST CRESTRIDGE CIRCLE
01 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 93.13700
----------------------------------------------------------------
0 0031244114 MORTGAGORS: BASAPPA RAMDEV
RIVERA PATRICIA
REGION CODE ADDRESS : 642 TWIN PEAKS STREET
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,319.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,640.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031244379 MORTGAGORS: SHARIFAN SHAFI
RIAHI-SHARIFAN MINOO
REGION CODE ADDRESS : 24 PONDERS END
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.77200
----------------------------------------------------------------
0 0031244627 MORTGAGORS: GASCOIGNE DONALD
GASCOIGNE LINDA
REGION CODE ADDRESS : 2004 ENTRADA PARAISO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,310.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,500.00
P & I AMT: 12,155.48
UPB AMT: 1,742,319.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 51
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031244635 MORTGAGORS: WEISS MATTHEW
WEISS HEATHER
REGION CODE ADDRESS : 22619 DRAILLE DRIVE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 86.56700
----------------------------------------------------------------
0 0031244791 MORTGAGORS: MARCUS MICHAEL
REGION CODE ADDRESS : 106 JACOBS LANE
01 CITY : NORWELL
STATE/ZIP : MA 02061
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.45400
----------------------------------------------------------------
0 0031244874 MORTGAGORS: ROMEO CHARLES
ROMEO ELAINE
REGION CODE ADDRESS : 29 GINGER COURT
01 CITY : NORTH KINGSTOWN
STATE/ZIP : RI 02852
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
0 0031244965 MORTGAGORS: STICK MELISSA
REGION CODE ADDRESS : 15104 ALPINE VALLEY COURT
01 CITY : SILVER SPRING
STATE/ZIP : MD 20906
MORTGAGE AMOUNT : 136,720.00 OPTION TO CONVERT :
UNPAID BALANCE : 136,613.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 932.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031245145 MORTGAGORS: FESENMYER ROBERT
FESENMYER SUSAN
REGION CODE ADDRESS : 8913 ORCHARD LAKE RD
01 CITY : HOLLAND
STATE/ZIP : OH 43528
MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,789.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.64500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,319,720.00
P & I AMT: 9,328.14
UPB AMT: 1,319,403.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 52
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031246283 MORTGAGORS: NELSON GEORGE
NELSON ROBERTA
REGION CODE ADDRESS : 14982 VENADO DRIVE
01 CITY : RANCHO MURIETA
STATE/ZIP : CA 95683
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0031246671 MORTGAGORS: DUNCAN-PETERS GREGORY
DUNCAN-PETERS SHEILA
REGION CODE ADDRESS : 8037 CYPRESS GROVE LANE
01 CITY : CABIN JOHN
STATE/ZIP : MD 20818
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,705.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,578.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031246713 MORTGAGORS: SIMBORG MITCHELL
SIMBORG ROBIN
REGION CODE ADDRESS : 2033 N WOLCOTT AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60614
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 55.22100
----------------------------------------------------------------
0 0031246994 MORTGAGORS: MCNEIL IAN
MCNEIL CHRISTINE
REGION CODE ADDRESS : 2075 FALLING LEAF CIRCLE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,633.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.11700
----------------------------------------------------------------
0 0031247000 MORTGAGORS: TYNAN PATRICIA
TYNAN PETER
REGION CODE ADDRESS : 6692 CARLOW DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,328.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,427,500.00
P & I AMT: 9,841.42
UPB AMT: 1,426,269.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 53
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031247182 MORTGAGORS: DOLSEN DANIEL
REGION CODE ADDRESS : 3251 GOLFVIEW DRIVE
01 CITY : SALINE
STATE/ZIP : MI 48176
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031247224 MORTGAGORS: BURROWS LESTER
BURROWS DURDA
REGION CODE ADDRESS : 2187 STRATFORD DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,752.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.45400
----------------------------------------------------------------
0 0031247356 MORTGAGORS: DULGARIAN DUKE
DULGARIAN IRENE
REGION CODE ADDRESS : 433 33RD STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,536.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,899.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.66600
----------------------------------------------------------------
0 0031247570 MORTGAGORS: KING RONALD
KING VALERIE
REGION CODE ADDRESS : 4933 HILSBOROUGH DRIVE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,684.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.41100
----------------------------------------------------------------
0 0031247828 MORTGAGORS: SHEWMAKER WAYNE
SHEWMAKER LILLIAN
REGION CODE ADDRESS : 5317 POPLAR VALLEY COURT
01 CITY : CENTREVILLE
STATE/ZIP : VA 20120
MORTGAGE AMOUNT : 268,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,090.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,830.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,744,300.00
P & I AMT: 11,959.07
UPB AMT: 1,742,819.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 54
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031247877 MORTGAGORS: SZETO ROGER
SZETO ALISON
REGION CODE ADDRESS : 845 CORONADO DRIVE
01 CITY : ARCADIA
STATE/ZIP : CA 91007
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.15700
----------------------------------------------------------------
0 0031247935 MORTGAGORS: JURACICH JULIE
KREBS KEN
REGION CODE ADDRESS : 1370 WRIGHT AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 287,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,886.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0031248164 MORTGAGORS: CAMERON SARAH
REGION CODE ADDRESS : 211 ROAN DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,808.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.52000
----------------------------------------------------------------
0 0031248248 MORTGAGORS: SINGLETON MARGARET
MCCOY THOMAS
REGION CODE ADDRESS : 545 BEGIER AVENUE
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94577
MORTGAGE AMOUNT : 332,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,240.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,268.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031248396 MORTGAGORS: SCHLICHTER BRIAN
REGION CODE ADDRESS : 6814 MANCHESTER DRIVE
01 CITY : CHANHASSAN
STATE/ZIP : MN 55317
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 91.54700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,600.00
P & I AMT: 10,069.45
UPB AMT: 1,457,935.58
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 55
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031248495 MORTGAGORS: EPSTEIN GARY
EPSTEIN SHEILA
REGION CODE ADDRESS : 4005 CORTE CANCION
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,821.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.81000
----------------------------------------------------------------
0 0031248735 MORTGAGORS: DAVIDSON JOE
DAVIDSON MARY
REGION CODE ADDRESS : 12343 KINGSPINE AVENUE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,632.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.48700
----------------------------------------------------------------
0 0031248800 MORTGAGORS: CHANG RICHARD
YOUNG MELISSA
REGION CODE ADDRESS : 228 SUN RIDGE DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.05900
----------------------------------------------------------------
0 0031248867 MORTGAGORS: YOUNG KEITH
YOUNG THERESA
REGION CODE ADDRESS : 11779 BLOOMINGTON WAY
01 CITY : DUBLIN
STATE/ZIP : CA 94568
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,552.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.67200
----------------------------------------------------------------
0 0031249360 MORTGAGORS: SCHNABEL EDWARD
SCHNABEL LUCYNA
REGION CODE ADDRESS : 1656 STANMORE DRIVE
01 CITY : PLEASANT HILL
STATE/ZIP : CA 94523
MORTGAGE AMOUNT : 181,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 180,662.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,250.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.01500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,000.00
P & I AMT: 9,929.48
UPB AMT: 1,417,547.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 56
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031249519 MORTGAGORS: ESTRADAS ANTHONY
ESTRADAS J
REGION CODE ADDRESS : 1101 PACIFIC STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 511,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 510,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,572.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.59800
----------------------------------------------------------------
0 0031249717 MORTGAGORS: GARAVAGLIA MICHAEL
GARAVAGLIA SHEILA
REGION CODE ADDRESS : 479 27TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 59.28500
----------------------------------------------------------------
0 0031249881 MORTGAGORS: HASSAN ABDUL
TSANG SERENA
REGION CODE ADDRESS : 11912 AUBURN LANE
01 CITY : FRISCO
STATE/ZIP : TX 75035
MORTGAGE AMOUNT : 116,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 116,354.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 774.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031250079 MORTGAGORS: MIREL LAWRENCE
MIREL ELIZABETH
REGION CODE ADDRESS : 8120 WEST BEACH DRIVE N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20012
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 : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031250335 MORTGAGORS: O'DONNELL JOHN
O'DONNELL VERONICA
REGION CODE ADDRESS : 17 MADELINE DRIVE
01 CITY : GROTON
STATE/ZIP : MA 01450
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.94800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,435,450.00
P & I AMT: 9,917.17
UPB AMT: 1,434,107.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 57
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031250517 MORTGAGORS: CASTER GARY
PEREZ-CASTER LORNA
REGION CODE ADDRESS : 28316 GLENMEADE WAY
01 CITY : ESCONDIDO
STATE/ZIP : CA 92026
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,780.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031251366 MORTGAGORS: MOLER ROBERT
MOLER KATHLEEN
REGION CODE ADDRESS : 125 VIEW COURT
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,815.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.76900
----------------------------------------------------------------
0 0031251804 MORTGAGORS: KUPIEC-WEGLINSKI DR. JERZY
REGION CODE ADDRESS : 1735 SAN YSIDRO DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 549,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,160.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,702.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.65200
----------------------------------------------------------------
0 0031251853 MORTGAGORS: TAK AREND
TAK PURA
REGION CODE ADDRESS : 25370 BUCKEYE DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.71400
----------------------------------------------------------------
0 0031251978 MORTGAGORS: KELLY JON
KELLY LISA
REGION CODE ADDRESS : 25321 SPINDLEWOOD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,750.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,951.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.54500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,635,600.00
P & I AMT: 11,125.29
UPB AMT: 1,634,315.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 58
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031252190 MORTGAGORS: LEAL ALFONSE
LEAL BETTY
REGION CODE ADDRESS : 6029 ASSISI CT
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 395,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,691.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,694.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.70900
----------------------------------------------------------------
0 0031252216 MORTGAGORS: MARTIN JAMES
MARTIN PAMELA
REGION CODE ADDRESS : 20904 MAGELLAN COVE
01 CITY : LAGO VISTA
STATE/ZIP : TX 78645
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,755.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031252232 MORTGAGORS: BIELAK ROBERT
BIELAK KATHLEEN
REGION CODE ADDRESS : 1030 DEEPWOOD DRIVE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,631.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.17600
----------------------------------------------------------------
0 0031252323 MORTGAGORS: FOK PHILIP
FOK JANICE
REGION CODE ADDRESS : 14690 HANCOCK COURT
01 CITY : LAS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 559,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 558,563.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,813.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.53300
----------------------------------------------------------------
0 0031253016 MORTGAGORS: DOLBERG JOEL
DOLBERG KAREN
REGION CODE ADDRESS : 16 MOUNT VERNON COURT
01 CITY : LIVINGSTON TOWNSHIP
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,927.34 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 65.43478
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,011,000.00
P & I AMT: 13,490.75
UPB AMT: 2,009,642.22
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 59
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031253032 MORTGAGORS: FREY CHARLES
FREY PAMELIA
REGION CODE ADDRESS : 16501 HARBOUR LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 336,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,330.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,267.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031253461 MORTGAGORS: KRAMER BERNADETTE
REGION CODE ADDRESS : 60 EL VERANO WAY
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 525,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,581.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.41300
----------------------------------------------------------------
0 0031253800 MORTGAGORS: WESTERGAARD DENNIS
WESTERGAARD CHARLENE
REGION CODE ADDRESS : 57443 RIVERIA
01 CITY : LA QUINTA
STATE/ZIP : CA 92253
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.37700
----------------------------------------------------------------
0 0031255045 MORTGAGORS: BROADLEY ROBERT
BROADLEY SANDRA
REGION CODE ADDRESS : 5 SUMMERSIDE
01 CITY : TRABUCA CANYON
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,667.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,906.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031255326 MORTGAGORS: FLYNN DAVID
FLYNN ELIZABETH
REGION CODE ADDRESS : 23227 WEST CICELY COURT
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 274,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,674.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99003
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,881,700.00
P & I AMT: 12,968.62
UPB AMT: 1,880,673.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 60
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031255862 MORTGAGORS: BURKARDT JUERGEN
BURKARDT RANDY
REGION CODE ADDRESS : 9324 BRIGHTWOOD COURT
01 CITY : LOS ANGELES (NORTHRIDGE A
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,790.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,828.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031255953 MORTGAGORS: KAEMERLE PATRICK
KEAMERLE KAREN
REGION CODE ADDRESS : 24101 TIBURON
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 282,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,079.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.97600
----------------------------------------------------------------
0 0031256381 MORTGAGORS: BROWN DOUGLAS
BROWN LEIGH
REGION CODE ADDRESS : 45 TIPPING ROCK DRIVE
01 CITY : EAST GREENWICH
STATE/ZIP : RI 02818
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0031256431 MORTGAGORS: TASOLIDES GEORGE
JUREWICZ BETH
REGION CODE ADDRESS : 1 CHATFIELDS LANE
01 CITY : EAST HAMPTON
STATE/ZIP : NY 11937
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,719.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,275.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031256555 MORTGAGORS: WETZEL EDWARD
WETZEL KATHY
REGION CODE ADDRESS : 24504 WINGFIELD ROAD
01 CITY : HIDDEN HILLS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,655.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,369.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.59900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,673,300.00
P & I AMT: 11,505.03
UPB AMT: 1,672,245.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 61
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031257348 MORTGAGORS: HEIN JOHN
HEIN JENNIFER
REGION CODE ADDRESS : 6833 GREENE ROAD
01 CITY : WOODRIDGE
STATE/ZIP : IL 60517
MORTGAGE AMOUNT : 322,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
0 0031258510 MORTGAGORS: HANSEN JOHN
HANSEN CONSTANCE
REGION CODE ADDRESS : 3019 SUNNY MEADOW LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.23000
----------------------------------------------------------------
0 0031258627 MORTGAGORS: CROTTEAU CRAIG
CROTTEAU LUANA
REGION CODE ADDRESS : 319 VIA NAVONA
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,271.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031258767 MORTGAGORS: BARNES DAVID
REGION CODE ADDRESS : 18 PATRICK WAY
01 CITY : HALF MOON BAY
STATE/ZIP : CA 94019
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 88.43500
----------------------------------------------------------------
0 0031258999 MORTGAGORS: WEINER MARK
WEINER MAUREEN
REGION CODE ADDRESS : 53 BARCELONA
01 CITY : IRVINE
STATE/ZIP : CA 92614
MORTGAGE AMOUNT : 245,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.76 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.93650
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,000.00
P & I AMT: 9,290.00
UPB AMT: 1,370,563.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 62
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031259112 MORTGAGORS: TOMIN HAROLD
HORN TOBY
REGION CODE ADDRESS : 146 S. FULLER AVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.04600
----------------------------------------------------------------
0 0031259682 MORTGAGORS: ASK JEFFREY
ARONOWITZ MALICA
REGION CODE ADDRESS : 67 EVERGREEN WAY
01 CITY : BELMONT
STATE/ZIP : MA 02178
MORTGAGE AMOUNT : 317,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031260227 MORTGAGORS: WARD CONNIE
REGION CODE ADDRESS : 11551 DONOVAN ROAD
01 CITY : LOS ALAMITOS AREA
STATE/ZIP : CA 90720
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 58.22200
----------------------------------------------------------------
0 0031260243 MORTGAGORS: DANFORD JEFFREY
REGION CODE ADDRESS : 6407 VIA DE ANZAR
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,435.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,702.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.62500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031260268 MORTGAGORS: STRAUB CARL
STRAUB SARAH
REGION CODE ADDRESS : 29701 BADEN PLACE
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 532,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 531,315.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,996.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 70.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,914,600.00
P & I AMT: 13,806.30
UPB AMT: 1,913,142.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 63
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031260458 MORTGAGORS: JOHNSON CRAIG
JOHNSON LISA
REGION CODE ADDRESS : 153 ARBOR LANE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,791.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.25000
----------------------------------------------------------------
0 0031260516 MORTGAGORS: O'DONNELL SHAWN
O'DONNELL CYNTHIA
REGION CODE ADDRESS : 5913 JOHNS WOOD DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 353,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031261381 MORTGAGORS: ACHTERKIRCHEN DAVID
ACHTERKIRCHEN JANE
REGION CODE ADDRESS : 1148 HAMILTON AVENUE
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 630,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 630,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,405.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.00000
----------------------------------------------------------------
0 0031261688 MORTGAGORS: SELLECK JOHN
SELLECK JULIE
REGION CODE ADDRESS : 186 OLD BEACH ROAD
01 CITY : SANTA ROSA BEACH
STATE/ZIP : FL 32459
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 63.94700
----------------------------------------------------------------
0 0031261993 MORTGAGORS: DEROVANESSIAN HENRI
DEROVANESSIAN ANNET
REGION CODE ADDRESS : 4136 CAMINITO CASSIS
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 334,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,145.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,842,000.00
P & I AMT: 12,728.78
UPB AMT: 1,841,342.68
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 64
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031262173 MORTGAGORS: QUEEN GARRY
QUEEN MARIE
REGION CODE ADDRESS : 5 CEDAR LAKES DRIVE
01 CITY : BLYTHEWOOD
STATE/ZIP : SC 29016
MORTGAGE AMOUNT : 249,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.50000
----------------------------------------------------------------
0 0031262728 MORTGAGORS: REDLINGSHAFER JAMES
REDLINGSHAFER RUTH
REGION CODE ADDRESS : 1849 WINTER RUN COURT
01 CITY : CHESTERFIELD
STATE/ZIP : MO 63017
MORTGAGE AMOUNT : 307,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,100.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.45800
----------------------------------------------------------------
0 0031262876 MORTGAGORS: MCKELL ALLEN
MCKELL WENDY
REGION CODE ADDRESS : 24583 LOLA LANE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91321
MORTGAGE AMOUNT : 350,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,639.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.75000
----------------------------------------------------------------
0 0031263056 MORTGAGORS: WEISSENBECH JOHN
SOUTHWORTH ANN
REGION CODE ADDRESS : 824 INGLESIDE PLACE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031263080 MORTGAGORS: SHEEHY DANIEL
SHEEHY JULIE
REGION CODE ADDRESS : 3131 ZANE GREY TERRACE
01 CITY : ALTADENA AREA
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,777.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.16500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,617,450.00
P & I AMT: 11,302.37
UPB AMT: 1,616,967.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 65
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031263114 MORTGAGORS: DULIS JOHN
DULIS JACQUELYN
REGION CODE ADDRESS : 6565 CATAMARAN STREET
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,068.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031263130 MORTGAGORS: STUBLAREC JAMES
STUBLAREC CHRISTINE
REGION CODE ADDRESS : 26182 PALMETTO PLACE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,774.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.79800
----------------------------------------------------------------
0 0031263171 MORTGAGORS: LYON ERIC
LYON ANNETTE
REGION CODE ADDRESS : 5585 SEASIDE WALK
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,695.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.35800
----------------------------------------------------------------
0 0031263221 MORTGAGORS: PESENTI WALTER
PESENTI ROSA
REGION CODE ADDRESS : 6612 VIA CANADA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 406,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,048.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,841.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.46100
----------------------------------------------------------------
0 0031263247 MORTGAGORS: GREEN ADAM
DAY-GREEN ELIZA
REGION CODE ADDRESS : 8705 ROSEWOOD AVENUE
01 CITY : WEST HOLLYWOOD
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 409,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.79500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,788,600.00
P & I AMT: 12,484.81
UPB AMT: 1,787,586.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 66
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031263254 MORTGAGORS: DICKINSON EDWARD
DICKINSON BARBARA
REGION CODE ADDRESS : 1052 MATADOR ROAD
01 CITY : PEBBLE BEACH
STATE/ZIP : CA 93953
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,786.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 46.82200
----------------------------------------------------------------
0 0031263270 MORTGAGORS: DASHEW MICHAEL
DASHEW SHARLA
REGION CODE ADDRESS : 350 JOOST STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,274.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031263338 MORTGAGORS: LAWSON ROBERT
LAWSON RENE
REGION CODE ADDRESS : 19835 E. LORENCITA DRIVE
01 CITY : COVINA
STATE/ZIP : CA 91724
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,735.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031263973 MORTGAGORS: NAKPIL NATHANIEL
NAKPIL MILAGROS
REGION CODE ADDRESS : 2929 SEAVIEW PARKWAY
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,747.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.45400
----------------------------------------------------------------
0 0031264088 MORTGAGORS: CLAIREMONT ROBERT
CLAIREMONT SHARON
REGION CODE ADDRESS : 31342 VIA DEL VERDE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 326,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,945.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,621,700.00
P & I AMT: 11,136.89
UPB AMT: 1,620,742.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 67
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031264153 MORTGAGORS: WHITEHURST KENNETH
WHITEHURST SUSAN
REGION CODE ADDRESS : 7223 GILBERT DRIVE
01 CITY : SHREVEPORT
STATE/ZIP : LA 71106
MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 498,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,313.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.84500
----------------------------------------------------------------
0 0031264161 MORTGAGORS: TALENTOWSKI DENNIS
TALENTOWSKI DIANE
REGION CODE ADDRESS : 108 S. 7TH AVENUE
01 CITY : LA GRANGE
STATE/ZIP : IL 60525
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031265119 MORTGAGORS: MATAN JOSEPH
MATAN LILLIAN
REGION CODE ADDRESS : 5 FERN HILL AVENUE
01 CITY : ROSS
STATE/ZIP : CA 94957
MORTGAGE AMOUNT : 590,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 579,226.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,484.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 49.16600
----------------------------------------------------------------
0 0031265358 MORTGAGORS: HARTE DOROTHY
HARTE MELVIN
REGION CODE ADDRESS : 19775 PLEASANT VIEW DRIVE
01 CITY : GROVELAND
STATE/ZIP : CA 95321
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,295.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.45500
----------------------------------------------------------------
0 0031265671 MORTGAGORS: CORZINE M
CORZINE SHAINA
REGION CODE ADDRESS : 172 COUNTRY GRACE SOUTH
01 CITY : NEW BRAUNFELS
STATE/ZIP : TX 78130
MORTGAGE AMOUNT : 127,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 127,000.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 867.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,757,600.00
P & I AMT: 12,365.50
UPB AMT: 1,746,522.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 68
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031265697 MORTGAGORS: ROBBINS JOHN
ROBBINS ANNETE
REGION CODE ADDRESS : 420 BRONCO ROAD
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.14800
----------------------------------------------------------------
0 0031265796 MORTGAGORS: BARR ROBERT
BARR KARYN
REGION CODE ADDRESS : 13914 CAMINO BARCO
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 622,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 621,514.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,243.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 40.12900
----------------------------------------------------------------
0 0031266836 MORTGAGORS: WILLIAMSON JAMES
WILLIAMSON GLORIA
REGION CODE ADDRESS : 171 PARK AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,424.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,380.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031266943 MORTGAGORS: ZAPATA VICTOR
ZAPATA GABY
REGION CODE ADDRESS : 2539 BRENNEN WAY
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 407,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,579.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,058.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 79.99100
----------------------------------------------------------------
0 0031266950 MORTGAGORS: ZIMMERMAN JAMES
ZIMMERMAN LISA
REGION CODE ADDRESS : 32766 BARRETT DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,471.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,222.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.37500 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,553,100.00
P & I AMT: 18,505.62
UPB AMT: 2,550,989.01
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 69
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031267453 MORTGAGORS: LEE CHEN
LEE JUNG
REGION CODE ADDRESS : 1039 CALLE AZUL
01 CITY : GLENDALE
STATE/ZIP : CA 91208
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,803.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.09700
----------------------------------------------------------------
0 0031268576 MORTGAGORS: BANCROFT JAMES
BANCROFT MARGARET
REGION CODE ADDRESS : 23223 WEST CICELY COURT
01 CITY : VALENCIA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,527.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.92000
----------------------------------------------------------------
0 0031268584 MORTGAGORS: SAVARESE JOSEPH
SAVARESE LINDA
REGION CODE ADDRESS : 5253 LIGURIAN COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 380,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.85700
----------------------------------------------------------------
0 0031268790 MORTGAGORS: AWAD NASER
AWAD DANA
REGION CODE ADDRESS : 3470 YUBA AVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,774.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031269087 MORTGAGORS: CHU SUSAN
KIM SOOK
REGION CODE ADDRESS : 1611 RIDGEWAY DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91202
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,815.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,000.00
P & I AMT: 10,349.04
UPB AMT: 1,495,921.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 70
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031269145 MORTGAGORS: LEVINE RONALD
LEVINE KAREN
REGION CODE ADDRESS : 29611 HEATHER COURT
01 CITY : AGOURA HILLS
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 575,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,069.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.87500
----------------------------------------------------------------
0 0031269236 MORTGAGORS: SPECTER LONI
EDWARDS-SPECTER JULIE
REGION CODE ADDRESS : 7104 DEVERON RIDGE ROAD
01 CITY : WEST HILLS
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 171,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 171,572.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,200.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97200
----------------------------------------------------------------
0 0031269475 MORTGAGORS: ASHTON DENNIS
ASHTON GRETCHEN
REGION CODE ADDRESS : 1204 ABELIA AVENUE
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 275,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,419.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98840
----------------------------------------------------------------
0 0031270176 MORTGAGORS: WAYNE JOSEPH
WAYNE LINDA
REGION CODE ADDRESS : 25620 CRESTFIELD CIRCLE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,773.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.49474
----------------------------------------------------------------
0 0031270556 MORTGAGORS: PERRY HUGH
REGION CODE ADDRESS : 40432 FOXFIELD LANE
01 CITY : LEESBURG
STATE/ZIP : VA 20175
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,584,500.00
P & I AMT: 11,058.08
UPB AMT: 1,583,542.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 71
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031271323 MORTGAGORS: HORNETT G.
HORNETT KIMBERLY
REGION CODE ADDRESS : 2552 TOLTEC CIRCLE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031271349 MORTGAGORS: HULLETT JOSEPH
HULLETT CATHY
REGION CODE ADDRESS : 27511 VANTAGE CIRCLE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031271422 MORTGAGORS: ROARK STEPHEN
ROARK JANET
REGION CODE ADDRESS : 2732 S FILLMORE STREET
01 CITY : DENVER
STATE/ZIP : CO 80120
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031271430 MORTGAGORS: CHEN LILI
REGION CODE ADDRESS : 8603 POST OAK RD
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031272032 MORTGAGORS: ARIAS RONALD
ARIAS JOAN
REGION CODE ADDRESS : 720 8TH STREET
01 CITY : HERMOSA BEACH
STATE/ZIP : CA 90254
MORTGAGE AMOUNT : 355,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,915.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,393.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,200.00
P & I AMT: 10,862.34
UPB AMT: 1,566,400.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 72
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031272081 MORTGAGORS: COLLYER MARK
COLLYER CAROL
REGION CODE ADDRESS : 2808 ASCOT DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,817.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.22300
----------------------------------------------------------------
0 0031272602 MORTGAGORS: FINKE ALAN
LIMESAND ELIZABETH
REGION CODE ADDRESS : 4618 ROSS GATE WAY
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.97000
----------------------------------------------------------------
0 0031273063 MORTGAGORS: EL NASSER SALEH
WUNSCHER SIMONE
REGION CODE ADDRESS : 4943 STROHM AVENUE
01 CITY : NORTH HOLLYWOOD
STATE/ZIP : CA 91601
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031273527 MORTGAGORS: KEPLEY T
KEPLEY ERNESTINE
REGION CODE ADDRESS : 828 MONROE MANOR ROAD
01 CITY : STEVENSVILLE
STATE/ZIP : MD 21666
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,342.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,622.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.83800
----------------------------------------------------------------
0 0031274202 MORTGAGORS: SWIFT LAWRENCE
SWIFT CAROLINE
REGION CODE ADDRESS : 24322 BELLERIVE CIRCLE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,260.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,304,800.00
P & I AMT: 9,186.26
UPB AMT: 1,302,551.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 73
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031274251 MORTGAGORS: SING BRIAN
SING NANCY
REGION CODE ADDRESS : 4682 SANTORINI DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.03300
----------------------------------------------------------------
0 0031274277 MORTGAGORS: GREEN STEVEN
GREEN SUSAN
REGION CODE ADDRESS : 3006 SANDBURG WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92122
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,279.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.31300
----------------------------------------------------------------
0 0031274301 MORTGAGORS: SMITH JERRY
LITTKE-SMITH CONSTANCE
REGION CODE ADDRESS : 18142 ALLEGHENY DRIVE
01 CITY : SANTA ANA
STATE/ZIP : CA 92705
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.13500
----------------------------------------------------------------
0 0031275068 MORTGAGORS: BENINTENDE JOSEPH
REGION CODE ADDRESS : 311 SOUTH JUANITA AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031275134 MORTGAGORS: BURNETT WAYNE
BURNETT PATRICIA
REGION CODE ADDRESS : 7509 NORTH SHORES DR
01 CITY : NAVARRE
STATE/ZIP : FL 32566
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,522,000.00
P & I AMT: 10,563.67
UPB AMT: 1,519,621.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 74
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031275142 MORTGAGORS: SADARANGANI LAL
SADARANGANI CHANDRA
REGION CODE ADDRESS : 8657 DON CAROL DRIVE
01 CITY : EL CERRITO
STATE/ZIP : CA 94530
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.40400
----------------------------------------------------------------
0 0031275449 MORTGAGORS: TORRES LUKE
TORRES GABRIELLE
REGION CODE ADDRESS : 26 OCEAN VISTA
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 562,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,082.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,933.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.30100
----------------------------------------------------------------
0 0031275779 MORTGAGORS: MATERIE JAMES
MATERIE MARGOT
REGION CODE ADDRESS : 928 WEST 20TH STREET
01 CITY : SANTA ANA
STATE/ZIP : CA 92706
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,323.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031276587 MORTGAGORS: GAVINO GERMAN
GAVINO JOSEFINA
REGION CODE ADDRESS : 6108 LEMON THYME DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 249,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031276637 MORTGAGORS: THOMPSON MICHAEL
THOMPSON JEANNETTE
REGION CODE ADDRESS : 11721 CHERRY ST
01 CITY : LOS ALAMITOS
STATE/ZIP : CA 90720
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,820.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.82539
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,655,850.00
P & I AMT: 11,589.13
UPB AMT: 1,655,076.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 75
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031276678 MORTGAGORS: STYSLY TERRY
STYSLY ROSANNE
REGION CODE ADDRESS : 66 STRAWBERRY HILL ROAD
01 CITY : MADISON
STATE/ZIP : CT 06443
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,737.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.66600
----------------------------------------------------------------
0 0031276769 MORTGAGORS: AVIGNON MAJOR
AVIGNON LINDA
REGION CODE ADDRESS : 229 20TH STREET
01 CITY : MANHATTAN
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 563,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 562,582.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,936.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 62.55500
----------------------------------------------------------------
0 0031276793 MORTGAGORS: WILSON ROBERT
WILSON GINA
REGION CODE ADDRESS : 24217 MUSCARI COURT
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 277,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.40000
----------------------------------------------------------------
0 0031277015 MORTGAGORS: MACHA CHRISTOPHER
MACHA SHAWN
REGION CODE ADDRESS : 9662 HIGH TIDE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,654.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031277049 MORTGAGORS: BECKER TERRANCE
DE MARNEFFE DAPHNE
REGION CODE ADDRESS : 53 MILLAY PLACE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 428,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,029.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.53200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,853,200.00
P & I AMT: 12,873.88
UPB AMT: 1,852,519.65
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 76
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031277064 MORTGAGORS: ROMO IDOLINA
ROMO RICHARD
REGION CODE ADDRESS : 304 CENTINARY DRIVE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 234,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,334.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,679.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.88500
----------------------------------------------------------------
0 0031277346 MORTGAGORS: TERRY COLIN
TERRY JACQUELINE
REGION CODE ADDRESS : 7419 & 7429 SHEPARD MESA DRIVE
01 CITY : CARPINTERIA
STATE/ZIP : CA 93013
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,790.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 33.11600
----------------------------------------------------------------
0 0031278146 MORTGAGORS: JOHNS SCOTT
JOHNS PAULA
REGION CODE ADDRESS : 6605 VIRE0 CT.
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,801.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.93300
----------------------------------------------------------------
0 0031278450 MORTGAGORS: TUBMAN DAVID
REGION CODE ADDRESS : 440 TUBMAN ROAD
01 CITY : BREWSTER
STATE/ZIP : MA 02631
MORTGAGE AMOUNT : 128,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 128,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 896.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.77000
----------------------------------------------------------------
0 0031278476 MORTGAGORS: PETITT ROBERT
PETITT JUNE
REGION CODE ADDRESS : 9817 ST. ANNES DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75025
MORTGAGE AMOUNT : 256,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,703.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,154,800.00
P & I AMT: 7,989.86
UPB AMT: 1,154,227.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 77
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031278682 MORTGAGORS: PERRINS JEFFREY
ANDERSON JULIE
REGION CODE ADDRESS : 6124 SUNSET CREST WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92121
MORTGAGE AMOUNT : 246,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,413.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99908
----------------------------------------------------------------
0 0031278880 MORTGAGORS: WARD JAMES
WARD PATRICIA
REGION CODE ADDRESS : 818 CORNELL DRIVE
01 CITY : BURBANK
STATE/ZIP : CA 91504
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,081.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.86400
----------------------------------------------------------------
0 0031279326 MORTGAGORS: RAHIMI MORTEZA
RAHIMI SAIDEH
REGION CODE ADDRESS : 18694 WESSEX STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.86600
----------------------------------------------------------------
0 0031280266 MORTGAGORS: CHRISTENSEN KENNETH
CHRISTENSEN BETTY
REGION CODE ADDRESS : 8106 PEBBLE BEACH AVENUE
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 83.12600
----------------------------------------------------------------
0 0031280357 MORTGAGORS: MORRIS LARRY
MORRIS DOROTHEA
REGION CODE ADDRESS : 1128 MALLARD RIDGE LOOP
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.31800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,300.00
P & I AMT: 9,703.88
UPB AMT: 1,379,495.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 78
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031280423 MORTGAGORS: SOGAARD WILLIAM
BROKAW TIFFANY
REGION CODE ADDRESS : 235 VIA BALLENA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,549.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031281108 MORTGAGORS: STURGES EDWIN
REGION CODE ADDRESS : 1303 BERYL STREET
01 CITY : SAN DIEGO
STATE/ZIP : CA 92109
MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 189,695.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,280.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.09000
----------------------------------------------------------------
0 0031281363 MORTGAGORS: RACKMIL FREDERICK
RACKMIL ALISANDRA
REGION CODE ADDRESS : 36 LORRIE LANE
01 CITY : LAWRENCEVILLE
STATE/ZIP : NJ 08648
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.84200
----------------------------------------------------------------
0 0031281454 MORTGAGORS: SOLLINGER ROBERT
SOLLINGER ANGELINE
REGION CODE ADDRESS : 5619 165TH PLACE SOUTHEAST
01 CITY : BELLEVUE
STATE/ZIP : WA 98006
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,752.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.50000
----------------------------------------------------------------
0 0031282536 MORTGAGORS: MOSKOWITZ MARK
MOSKOWITZ RISA
REGION CODE ADDRESS : 395 SOUTHRIDGE DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.07800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,342,750.00
P & I AMT: 9,189.85
UPB AMT: 1,341,772.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 79
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031282577 MORTGAGORS: GIVENS HOWARD
GIVENS LAURA
REGION CODE ADDRESS : 3060 OAKWOOD ROAD
01 CITY : CAMERON PARK
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,878.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,276.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031282718 MORTGAGORS: HALL CYNTHIA
REGION CODE ADDRESS : 18635 RALYA COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,875.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.94700
----------------------------------------------------------------
0 0031282726 MORTGAGORS: KUEHN STEPHAN
KUEHN KRISTIN
REGION CODE ADDRESS : 1546 EL OSO DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.05400
----------------------------------------------------------------
0 0031283666 MORTGAGORS: VANVOORMIS DAVID
VANVOORHIS TRACY
REGION CODE ADDRESS : 12776 CANTER COURT
01 CITY : RANCH CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 231,528.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,347.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.93600
----------------------------------------------------------------
0 0031283716 MORTGAGORS: RUSICH THOMAS
REGION CODE ADDRESS : 7363 WHITEGATE AVENUE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,714.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,315.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,528.00
P & I AMT: 9,026.94
UPB AMT: 1,307,816.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 80
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031285372 MORTGAGORS: NIPPER TIMOTHY
NIPPER MICHELE
REGION CODE ADDRESS : 2938 LONGSPUR DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.26300
----------------------------------------------------------------
0 0031285612 MORTGAGORS: KREITZBERG FRED
KREITZBERG BARBARA
REGION CODE ADDRESS : 110 BASQUE
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,662.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,066.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 24.66666
----------------------------------------------------------------
0 0031285620 MORTGAGORS: SELF GARLAND
SELF DOROTHY
REGION CODE ADDRESS : 14660 STONEBRIDGE DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,403.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 44.90322
----------------------------------------------------------------
0 0031285992 MORTGAGORS: VONDRACHEK RICHARD
VONDRACHEK SUZANNE
REGION CODE ADDRESS : 1930 VIEWPOINTE CIRCLE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95403
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,298.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,606.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 72.27272
----------------------------------------------------------------
0 0031286479 MORTGAGORS: ORANJE JOHN
ORANJE SUZANNE
REGION CODE ADDRESS : 12 PARK RIDGE ROAD
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.61500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,585,000.00
P & I AMT: 10,906.76
UPB AMT: 1,584,460.40
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 81
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031286503 MORTGAGORS: SMITH DEAN
SMITH JAMIE
REGION CODE ADDRESS : 505 FLORENCE DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.33960
----------------------------------------------------------------
0 0031286719 MORTGAGORS: CHAN MING
SHAN YING
REGION CODE ADDRESS : 1298 REGENCY DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 258,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,587.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 52.81600
----------------------------------------------------------------
0 0031287923 MORTGAGORS: SMITH GORDON
REGION CODE ADDRESS : 3951 SAFARI TRAIL
01 CITY : PILOT HILL
STATE/ZIP : CA 95664
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,291.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,895.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.25000
----------------------------------------------------------------
0 0031288921 MORTGAGORS: CHIVUKULA R.
SIMMONS ELIZABETH
REGION CODE ADDRESS : ONE RICHDALE AVENUE UNIT 5
01 CITY : CAMBRIDGE
STATE/ZIP : MA 02140
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031288954 MORTGAGORS: BABROUDI KAJAZ
BABROUDI IDA
REGION CODE ADDRESS : 154 LEXINGTON STREET
01 CITY : LINCOLN
STATE/ZIP : MA 01773
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 40.49100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,300.00
P & I AMT: 9,283.98
UPB AMT: 1,339,656.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 82
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031289028 MORTGAGORS: STELLA PAUL
STELLA ANITA
REGION CODE ADDRESS : 38 BLUEBERRY HILL LANE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0031289036 MORTGAGORS: CARY PETER
CARY MAUREEN
REGION CODE ADDRESS : 15 WHITING ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 535,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 535,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,470.00 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 51.14722
----------------------------------------------------------------
0 0031289051 MORTGAGORS: CHIN JAMES
CHIN JUDY
REGION CODE ADDRESS : 128 CARROLL AVENUE
01 CITY : WESTWOOD
STATE/ZIP : MA 02090
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031289085 MORTGAGORS: MONTMINY MARC
STELLWAGEN LISA
REGION CODE ADDRESS : 58 HUNDREDS ROAD
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.33300
----------------------------------------------------------------
0 0031289127 MORTGAGORS: BELLI STEVEN
BELLI JEANETTE
REGION CODE ADDRESS : 4011 MARSTEN AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,867,500.00
P & I AMT: 12,716.06
UPB AMT: 1,867,500.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 83
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031289234 MORTGAGORS: BHATT SUNIL
BHATT TANYA
REGION CODE ADDRESS : 73 WARREN AVENUE #3
01 CITY : BOSTON
STATE/ZIP : MA 02116
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,314.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 81.95400
----------------------------------------------------------------
0 0031289457 MORTGAGORS: OSHER JUDITH
BRESLER JOEL
REGION CODE ADDRESS : 250 EAST EMERSON
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031289465 MORTGAGORS: SCHLOSSER DIANA
SCHLOSSER JAMES
REGION CODE ADDRESS : 845 EMERSON GARDENS ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 490,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,468.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.05800
----------------------------------------------------------------
0 0031289481 MORTGAGORS: REDFERN RICHARD
REDFERN SHERYL
REGION CODE ADDRESS : 47764 RAFTER COURT
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031289747 MORTGAGORS: O'HARA KAREN
REGION CODE ADDRESS : 7161 BROWNING ROAD
01 CITY : HIGHLAND
STATE/ZIP : CA 92346
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,743.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,769,000.00
P & I AMT: 12,419.40
UPB AMT: 1,768,341.33
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 84
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031289770 MORTGAGORS: BOMBECK BRIAN
BOMBECK TAMALYN
REGION CODE ADDRESS : 2115 BALD EAGLE COURT
01 CITY : GOLD RIVER
STATE/ZIP : CA 95670
MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,206.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031289838 MORTGAGORS: WEISKOPF JAMES
REGION CODE ADDRESS : 3702 MYSTIC COURT
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031290059 MORTGAGORS: WATSON MARK
WATSON MICHAELA
REGION CODE ADDRESS : 4201 SAN SABA
01 CITY : PLANO
STATE/ZIP : TX 75074
MORTGAGE AMOUNT : 110,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,315.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 762.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031290091 MORTGAGORS: NIZOLEK TODD
NIZOLEK HEIDI
REGION CODE ADDRESS : 371 OAKWOOD DRIVE
01 CITY : WYCKOFF
STATE/ZIP : NJ 07481
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.58900
----------------------------------------------------------------
0 0031290703 MORTGAGORS: OLIVER DONNA
OLIVER THOMAS
REGION CODE ADDRESS : 3087 WINDMILL CANYON DRIVE
01 CITY : CLAYTON
STATE/ZIP : CA 94517
MORTGAGE AMOUNT : 251,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,758.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.99000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,222,750.00
P & I AMT: 8,444.17
UPB AMT: 1,222,280.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 85
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031290729 MORTGAGORS: WILLIAMSON DON
WILLIAMSON BERNICE
REGION CODE ADDRESS : 6380 RASPBERRY COURT
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 333,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,639.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98661
----------------------------------------------------------------
0 0031291362 MORTGAGORS: VIBBERT MITCHELL
REGION CODE ADDRESS : 120 MARTHA COURT
01 CITY : CORRALES
STATE/ZIP : NM 87048
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031292006 MORTGAGORS: AUEN EILEEN
AUEN JEFFERY
REGION CODE ADDRESS : 1090 ANTLER DRIVE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,719.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,455.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031292030 MORTGAGORS: SCHULMAN JOSEPH
SCHULMAN BARBARA
REGION CODE ADDRESS : 16050 COMET WAY
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 402,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,301.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,815.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.72200
----------------------------------------------------------------
0 0031292709 MORTGAGORS: SIMONETTA ANTHONY
REGION CODE ADDRESS : 1321-25 PINE STREET
01 CITY : PHILADELPHIA
STATE/ZIP : PA 19107
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.78900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,740,950.00
P & I AMT: 12,625.64
UPB AMT: 1,739,659.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 86
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031293095 MORTGAGORS: DUMONT RONALD
DUMONT HELEN
REGION CODE ADDRESS : 2455 35TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031293392 MORTGAGORS: KLERKX GREGORY
AKIMOTO BONNIE
REGION CODE ADDRESS : 614 JEAN STREET C
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 179,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 179,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,236.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 91.79400
----------------------------------------------------------------
0 0031293889 MORTGAGORS: LAFAYETTE JOHN
MORRISON MARY
REGION CODE ADDRESS : 1230 JESSICA DRIVE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,813.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.58800
----------------------------------------------------------------
0 0031294366 MORTGAGORS: TUCKER STEVEN
TUCKER CANDACE
REGION CODE ADDRESS : 18600 CALLENS CIRCLE
01 CITY : FOUNTAIN VALLEY
STATE/ZIP : CA 92708
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,549.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031294432 MORTGAGORS: PETERSON DONNA
REGION CODE ADDRESS : 56 CLOUDPEAK STREET
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,226,750.00
P & I AMT: 8,517.55
UPB AMT: 1,226,363.05
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031294986 MORTGAGORS: FERMAN THOMAS
FERMAN DONNA
REGION CODE ADDRESS : 29049 SECO CANYON ROAD
01 CITY : SAUGUS
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 261,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 94.99800
----------------------------------------------------------------
0 0031295330 MORTGAGORS: ROSENBERG ARTHUR
ROSENBERG MARILYN
REGION CODE ADDRESS : 18 TRILLIUM LANE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 326,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,245.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.97820
----------------------------------------------------------------
0 0031295363 MORTGAGORS: MARTIN STEPHEN
MARTIN KIMBERLY
REGION CODE ADDRESS : 66 LESCHI DRIVE
01 CITY : STEILACOOM
STATE/ZIP : WA 98388
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,779.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.74100
----------------------------------------------------------------
0 0031295397 MORTGAGORS: SERKLEW CARY
SERKLEW KARRIE
REGION CODE ADDRESS : 28082 LAS BRISAS DEL MAR
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 393,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,207.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031295553 MORTGAGORS: MOTAMEDI NIA AMIR
MOTAMEDI NIA ROSHANAK
REGION CODE ADDRESS : 4605 DUNMAN AVENUE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,786.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.80500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,566,150.00
P & I AMT: 10,850.64
UPB AMT: 1,565,169.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031295827 MORTGAGORS: PAIGE EDWARD
PAIGE JACQUELINE
REGION CODE ADDRESS : 1869 CROSS HIGHWAY
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 42.74100
----------------------------------------------------------------
0 0031296288 MORTGAGORS: WELSH JOHN
REGION CODE ADDRESS : 907 TEAKWOOD DRIVE
01 CITY : LAKE ARROWHEAD
STATE/ZIP : CA 92352
MORTGAGE AMOUNT : 144,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 143,893.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,006.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031296320 MORTGAGORS: OEN DAVID
OEN INNE
REGION CODE ADDRESS : 1837 1/4 VALLECITO DRIVE
01 CITY : HACIENDA HEIGHTS AREA
STATE/ZIP : CA 91745
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.95400
----------------------------------------------------------------
0 0031296536 MORTGAGORS: KIMURA WILFRED
KIMURA DENISE
REGION CODE ADDRESS : 470 CORTE SUR
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.08600
----------------------------------------------------------------
0 0031296544 MORTGAGORS: STROTHER LEILA
REGION CODE ADDRESS : 1115 CANYON HILLS ROAD
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,744.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.18000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,288,500.00
P & I AMT: 8,717.03
UPB AMT: 1,287,899.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031297765 MORTGAGORS: BENNISH HOWARD
BENNISH BETTY
REGION CODE ADDRESS : 16662 BARUNA LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 561,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,562.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,827.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 64.11400
----------------------------------------------------------------
0 0031297872 MORTGAGORS: HAEUSSLER ANNE
HAEUSSLER TONY
REGION CODE ADDRESS : 5219 PRAIRIE SAGE LANE
01 CITY : NAPERVILLE
STATE/ZIP : IL 60567
MORTGAGE AMOUNT : 282,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,973.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.26800
----------------------------------------------------------------
0 0031297971 MORTGAGORS: WHITE MATTHEW
WHITE JULIE
REGION CODE ADDRESS : 600 BALBOA AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92662
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 58.25200
----------------------------------------------------------------
0 0031298441 MORTGAGORS: KING LLOYD
KING ELIZABETH
REGION CODE ADDRESS : 3123 BRONCHO LANE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,136.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.65800
----------------------------------------------------------------
0 0031298771 MORTGAGORS: CHOVANCE RONALD
CHOVANCE SONIA
REGION CODE ADDRESS : 1571 PALISADES DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 345,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,243.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,415.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.51000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,745,300.00
P & I AMT: 12,050.20
UPB AMT: 1,744,242.71
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031298813 MORTGAGORS: RAELSON JEFFREY
RAELSON PAULA
REGION CODE ADDRESS : 30 SKYCREST
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,484.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,408.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031299019 MORTGAGORS: CON WALTER
CON DENISE
REGION CODE ADDRESS : 5203 VIA RAMON
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 279,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,092.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.58300
----------------------------------------------------------------
0 0031299787 MORTGAGORS: KOE NAT
KOE AMY
REGION CODE ADDRESS : 109 SILVER FOX
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 269,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,045.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031300536 MORTGAGORS: KERDPHOCA SOONTHORN
KERDPHOCA GALAYANEE
REGION CODE ADDRESS : 10555 DES MOINES AVENUE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.38400
----------------------------------------------------------------
0 0031300627 MORTGAGORS: ALDERETE RODNEY
ALDERETE ROSA
REGION CODE ADDRESS : 2558 ELDA STREET
01 CITY : DUARTE
STATE/ZIP : CA 91010
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,812.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,300.00
P & I AMT: 9,909.95
UPB AMT: 1,417,245.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031300858 MORTGAGORS: FLORES KARI
ALLEN PATRICK
REGION CODE ADDRESS : 1067 SUNSET ROAD
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,759.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031301187 MORTGAGORS: TINNELLY RICHARD
TINNELLY CATHY
REGION CODE ADDRESS : 27631 LOST TRAIL DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 590,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 589,562.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,125.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.75000
----------------------------------------------------------------
0 0031301575 MORTGAGORS: SONI PRAVIN
WURTZBURGER AMY
REGION CODE ADDRESS : 1320 BEDFORD AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 48.68800
----------------------------------------------------------------
0 0031302789 MORTGAGORS: MCMAHAN DENNIS
MCMAHAN JOAN
REGION CODE ADDRESS : 5497 CLONMEL COURT
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 264,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.79400
----------------------------------------------------------------
0 0031303779 MORTGAGORS: GUINEE MICHAEL
FARRELL-GUINEE KATHLEEN
REGION CODE ADDRESS : 10 FOUNDERS LANE
01 CITY : NEWTOWN
STATE/ZIP : CT 06482
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,747,500.00
P & I AMT: 12,227.77
UPB AMT: 1,746,821.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031303951 MORTGAGORS: CHIN MICHAEL
CHIN SHARON
REGION CODE ADDRESS : 25818 DURRWOOD COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 277,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,693.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.97400
----------------------------------------------------------------
0 0031304058 MORTGAGORS: KIMURA ROBERT
KIMURA SORAYA
REGION CODE ADDRESS : 7025 KENTWOOD AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,751.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.90900
----------------------------------------------------------------
0 0031304363 MORTGAGORS: ESKANDANAN AZIM
HAGHIGHAT GISOU
REGION CODE ADDRESS : 10901 WOODLEAF LANE
01 CITY : GREAT FALLS
STATE/ZIP : VA 22066
MORTGAGE AMOUNT : 483,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,423.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031305568 MORTGAGORS: ROSENFELD GERRY
ROSENFELD JUANITA
REGION CODE ADDRESS : 29256 ALFIERI STREET
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,603.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.82900
----------------------------------------------------------------
0 0031305766 MORTGAGORS: ANDERSON PATRICIA
REGION CODE ADDRESS : 20 KITE HILL LANE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 539,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,818.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.89215
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,951,150.00
P & I AMT: 13,676.86
UPB AMT: 1,946,298.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031307689 MORTGAGORS: PADALINO MICHAEL
REGION CODE ADDRESS : 7075 LAKE RUN DRIVE
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35242
MORTGAGE AMOUNT : 349,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,327.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0031307960 MORTGAGORS: AUPING GREGORY
AUPING SUZANA
REGION CODE ADDRESS : 445 INNWOOD ROAD
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031309834 MORTGAGORS: KOLLER MARY
REGION CODE ADDRESS : 1347 CHRISTINA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.76900
----------------------------------------------------------------
0 0031310022 MORTGAGORS: RICKS MURRAY
RICKS DIANE
REGION CODE ADDRESS : 2911 MONTECITO DRIVE
01 CITY : DENTON
STATE/ZIP : TX 76205
MORTGAGE AMOUNT : 251,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,194.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.05000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.05000 PRODUCT CODE : 002
LTV : 94.98100
----------------------------------------------------------------
0 0031310030 MORTGAGORS: COHEN JERRY
COHEN TRACY
REGION CODE ADDRESS : 3911 LAWN AVENUE
01 CITY : WESTERN SPRINGS
STATE/ZIP : IL 60558
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,535.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,700.00
P & I AMT: 10,005.70
UPB AMT: 1,428,730.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031310055 MORTGAGORS: MENA REYNALDO
MENA CHRISTINE
REGION CODE ADDRESS : 25157 N IL ROUTE 59
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,575.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 250
LTV : 80.00000
----------------------------------------------------------------
0 0031310147 MORTGAGORS: MCDERMOTT WILLIAM
REGION CODE ADDRESS : 728 LAYNE COURT
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031310212 MORTGAGORS: KOEHLER JOEL
KOEHLER KYM
REGION CODE ADDRESS : 25055 STONEGATE LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,811.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.57100
----------------------------------------------------------------
0 0031310220 MORTGAGORS: GRAHAM GARY
GRAHAM WENDY
REGION CODE ADDRESS : 539 LUCERNE AVENUE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,819.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,575.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.88300
----------------------------------------------------------------
0 0031310956 MORTGAGORS: ENRIGHT KERRY
ENRIGHT SUSAN
REGION CODE ADDRESS : 102 STATE STREET SOUTH #306W
01 CITY : KIRKLAND
STATE/ZIP : WA 98033
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,760.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,437,000.00
P & I AMT: 9,960.93
UPB AMT: 1,435,699.92
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031312028 MORTGAGORS: MCMAHON JAMES
MCMAHON TRACY
REGION CODE ADDRESS : 4 EISENHOWER LANE
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 317,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,166.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
0 0031313786 MORTGAGORS: MAITILASSO JAMES
MAITILASSO MARYANN
REGION CODE ADDRESS : 45 MORNING STAR DRIVE
01 CITY : SPARTA
STATE/ZIP : NJ 07871
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.52700
----------------------------------------------------------------
0 0031314552 MORTGAGORS: ROSE KIMBERLY
REGION CODE ADDRESS : 421 CONSUELO DRIVE
01 CITY : SANTA BARBARA
STATE/ZIP : CA 93110
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031314578 MORTGAGORS: PAFFAS DIMITRIOS
PAFFAS LUCILLE
REGION CODE ADDRESS : 2013 WINDING WAY
01 CITY : BROOMALL
STATE/ZIP : PA 19008
MORTGAGE AMOUNT : 276,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031314743 MORTGAGORS: MELE MICHAEL
MELE KATHLEEN
REGION CODE ADDRESS : 12224 CLIFTON SPRING DRIVE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 484,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,788.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/18
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,692,450.00
P & I AMT: 12,118.82
UPB AMT: 1,692,450.00
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031314891 MORTGAGORS: JOMEHRI JAHANGIR
JOMEHRI CONNIE
REGION CODE ADDRESS : 1166 ENGLEWILD DRIVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 516,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 515,192.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,520.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.44400
----------------------------------------------------------------
0 0031315013 MORTGAGORS: QUEENSBURY PETER
QUEENSBURY GLENDA
REGION CODE ADDRESS : 4100 FOREST HILL COURT
01 CITY : HAYWARD
STATE/ZIP : CA 94542
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,455.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.28500
----------------------------------------------------------------
0 0031315179 MORTGAGORS: MOOT JOHN
REGION CODE ADDRESS : 610 POPLAR DR.
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22046
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,649.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,425.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031315898 MORTGAGORS: LANNON THOMAS
LANNON JULIE
REGION CODE ADDRESS : 5115 CENTRAL
01 CITY : WESTERN SPRINGS
STATE/ZIP : IL 60558
MORTGAGE AMOUNT : 389,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,310.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,724.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031315948 MORTGAGORS: KONIGSEDER KURT
KONIGSEDER KIMBERLY
REGION CODE ADDRESS : 1430 ANDERSON DRIVE
01 CITY : GREEN OAKS
STATE/ZIP : IL 60048
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 40.62500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,089,600.00
P & I AMT: 14,596.58
UPB AMT: 2,087,367.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031315955 MORTGAGORS: DE SHAW DONALD
TOKUYOSHI-DE SHAW JUDY
REGION CODE ADDRESS : 234 PALMA STREET
01 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 332,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,827.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,209.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031316771 MORTGAGORS: JAMAL BILL
REGION CODE ADDRESS : 5130 ORRVILLE AVENUE
01 CITY : WOODLAND HILLS AREA, LOS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,235.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,422.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/25
CURRENT INT RATE: 8.25000 PRODUCT CODE : 250
LTV : 75.00000
----------------------------------------------------------------
0 0031317308 MORTGAGORS: MARFOGLIA LEE
MARFOGLIA HEIDI
REGION CODE ADDRESS : 501 WEST HIGHLAND AVENUE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 315,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,203.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031317860 MORTGAGORS: TUMA JAMIL
TUMA HELENA
REGION CODE ADDRESS : 24823 S DESERT HOMESTEAD ROAD
01 CITY : CHANDLER
STATE/ZIP : AZ 85249
MORTGAGE AMOUNT : 256,490.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,490.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031317977 MORTGAGORS: ENGHETA PAYMAN
ENGHETA HOMA
REGION CODE ADDRESS : 26164 NORTH TWAIN PLACE
01 CITY : STEVENSON RANCH AREA
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 300,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,703.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,098.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,440.00
P & I AMT: 10,728.34
UPB AMT: 1,517,456.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031317985 MORTGAGORS: GUERRAZZI STEVEN
GUERRAZZI JEANNE
REGION CODE ADDRESS : 3510 HAGEN ROAD
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 358,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,333.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 34.15200
----------------------------------------------------------------
0 0031318421 MORTGAGORS: MURRAY GARY
MURRAY CAROL
REGION CODE ADDRESS : 17 VIA TALIANA
01 CITY : RANCHO SANTA MARGARITA AR
STATE/ZIP : CA 92688
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,560.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.86500
----------------------------------------------------------------
0 0031318702 MORTGAGORS: CARROLL WILLIAM
CARROLL LAURA
REGION CODE ADDRESS : 6593 OAK SPRINGS DRIVE
01 CITY : AGOURA HILLS AREA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 235,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,475.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.01600
----------------------------------------------------------------
0 0031318868 MORTGAGORS: DAVIS HAZEL
REGION CODE ADDRESS : 261 SOUTH CALLE DA GAMA
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 93,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,382.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 661.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.95400
----------------------------------------------------------------
0 0031319981 MORTGAGORS: SYVERSON GREG
SYVERSON DIANE
REGION CODE ADDRESS : 6727 NW LOGAN ROAD
01 CITY : LINCOLN CITY
STATE/ZIP : OR 97367
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,852.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,700.00
P & I AMT: 9,658.47
UPB AMT: 1,382,751.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031320476 MORTGAGORS: FOLEY DANIEL
FOLEY MARGARET
REGION CODE ADDRESS : 27 LEDGE HILL ROAD
01 CITY : SOUTHBOROUGH
STATE/ZIP : MA 01772
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,608.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.30200
----------------------------------------------------------------
0 0031320773 MORTGAGORS: JONES SHAWN
JONES JENNIFER
REGION CODE ADDRESS : 3396 MANNING COURT
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.97800
----------------------------------------------------------------
0 0031320955 MORTGAGORS: DUNCAN DAVID
REGION CODE ADDRESS : 3025 BRILLANTE
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,399.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.40000
----------------------------------------------------------------
0 0031321201 MORTGAGORS: CRONEY STEVEN
CRONEY VALERIE
REGION CODE ADDRESS : 14843 LITTLE CREEK COURT
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,833.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.46100
----------------------------------------------------------------
0 0031321383 MORTGAGORS: TAYLOR WILLIAM
REGION CODE ADDRESS : 2019 NAVY STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,029.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,602.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,364,800.00
P & I AMT: 9,585.18
UPB AMT: 1,364,263.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031321417 MORTGAGORS: ROSE SUSAN
REGION CODE ADDRESS : 291 MOUNTAIN STREET
01 CITY : SHARON
STATE/ZIP : MA 02067
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,627.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.54500
----------------------------------------------------------------
0 0031321557 MORTGAGORS: POWERS THOMAS
POWERS ELIZABETH
REGION CODE ADDRESS : 1521 DELAWARE AVENUE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 207,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 206,826.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,359.84 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 78.11320
----------------------------------------------------------------
0 0031321805 MORTGAGORS: BURKS TIMOTHY
REGION CODE ADDRESS : 153 BAY ROAD
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 309,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,852.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 68.86410
----------------------------------------------------------------
0 0031321854 MORTGAGORS: ERDIAKOFF JOHN
ERDIAKOFF JANE
REGION CODE ADDRESS : 255 DOVER DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,499.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031322167 MORTGAGORS: ADAMS RAYMOND
ADAMS ROSEMARIE
REGION CODE ADDRESS : 385 THRASHER AVENUE
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,572.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.72220
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,000.00
P & I AMT: 9,179.50
UPB AMT: 1,346,377.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031322415 MORTGAGORS: YUNIS NORMAN
LENNOX SHELLEY
REGION CODE ADDRESS : 3804 DREW AVENUE SOUTH
01 CITY : MINNEAPOLIS
STATE/ZIP : MN 55410
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.47300
----------------------------------------------------------------
0 0031322589 MORTGAGORS: FISHER LYNDA
REGION CODE ADDRESS : 69 WHITNEY STREET
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031323074 MORTGAGORS: WILLIAMS ROBERT
WILLIAMS CAROL
REGION CODE ADDRESS : 140 WINDING WAY
01 CITY : ANGWIN
STATE/ZIP : CA 94508
MORTGAGE AMOUNT : 478,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,924.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,223.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031323165 MORTGAGORS: COOK MICHAEL
JIMENEZ-COOK STEPHANIE
REGION CODE ADDRESS : 21800 HEATHERIDGE DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.62600
----------------------------------------------------------------
0 0031323546 MORTGAGORS: CORTEZ THOMAS
CORTEZ LISA
REGION CODE ADDRESS : 301 BOLERO DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,471.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,482.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.88800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,786,500.00
P & I AMT: 12,284.07
UPB AMT: 1,785,128.19
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031324254 MORTGAGORS: MEKETA PATRICIA
REGION CODE ADDRESS : 1029 BEACON STREET
01 CITY : NEWTON
STATE/ZIP : MA 02159
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 38.63900
----------------------------------------------------------------
0 0031324353 MORTGAGORS: GRUCA STUART
ERIKSEN KRISTI
REGION CODE ADDRESS : 3325 INGLEWOOD BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90066
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.46900
----------------------------------------------------------------
0 0031324825 MORTGAGORS: SETILI MICHAEL
SETILI ANTOINETTE
REGION CODE ADDRESS : 5180 CAMINITO EXQUISITO
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 256,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.88400
----------------------------------------------------------------
0 0031325251 MORTGAGORS: LAM TRIEU
LAM OANH
REGION CODE ADDRESS : 2852 RUBY TERRACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 343,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,351.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,431.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.24600
----------------------------------------------------------------
0 0031326093 MORTGAGORS: ROSENBERGER JAMES
ROSENBERGER KATHRYN
REGION CODE ADDRESS : 14 MOUTAINSIDE PARK TERRACE
01 CITY : MONTCLAIR TOWNSHIP
STATE/ZIP : NJ 07043
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,550.00
P & I AMT: 9,659.67
UPB AMT: 1,392,114.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031326317 MORTGAGORS: MEMBRINO JAMES
MEMBRINO AMY
REGION CODE ADDRESS : 104 GOLF VIEW ROAD
01 CITY : ARDMORE
STATE/ZIP : PA 19003
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031326366 MORTGAGORS: GORRA PETER
GORRA KRISTIN
REGION CODE ADDRESS : 19 OAK HILL ROAD
01 CITY : MILLBURN TWP.
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031327158 MORTGAGORS: STEARNS WILLIAM
STEARNS CARLA
REGION CODE ADDRESS : 147,149 J AVENUE
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,751.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.94800
----------------------------------------------------------------
0 0031327166 MORTGAGORS: POINDEXTER GINA
REGION CODE ADDRESS : 13503 EAST 94TH STREET NORTH
01 CITY : OWASSO
STATE/ZIP : OK 74055
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.30500
----------------------------------------------------------------
0 0031327182 MORTGAGORS: SIAMAS WILLIAM
SIAMAS ELIZABETH
REGION CODE ADDRESS : 6317 LAURA LANE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,679.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.81900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,574,000.00
P & I AMT: 10,975.33
UPB AMT: 1,573,430.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031327208 MORTGAGORS: DEEKS STEVEN
COBARRUBIAS FABIOLA
REGION CODE ADDRESS : 3961 26TH STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 503,596.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,395.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031328701 MORTGAGORS: SHUGART KIM
SHUGART DIANE
REGION CODE ADDRESS : 95 JENNIFER LANE
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 813,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 813,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,688.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 62.57600
----------------------------------------------------------------
0 0031330780 MORTGAGORS: GILFILLAN G.
GILFILLAN MONA
REGION CODE ADDRESS : 140 CURREY AVENUE
01 CITY : SAUSALITO
STATE/ZIP : CA 94965
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031330830 MORTGAGORS: WESSEL WILLIAM
WESSEL SUSANNE
REGION CODE ADDRESS : 1220 WINDWOOD DRIVE
01 CITY : LAKE FOREST
STATE/ZIP : IL 60045
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,246.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.90000
----------------------------------------------------------------
0 0031330905 MORTGAGORS: CORBALIS LEO
CORBALIS BARBARA
REGION CODE ADDRESS : 4952 NEW WORLD DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,804.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.69600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,407,500.00
P & I AMT: 16,695.60
UPB AMT: 2,406,901.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031330939 MORTGAGORS: TERPSTRA MARSHALL
KHONG-TERPSTRA SYLVIA
REGION CODE ADDRESS : 860 HELEN DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.94800
----------------------------------------------------------------
0 0031331051 MORTGAGORS: POURHASSANIAN CYRUS
POURHASSANIAN SHARON
REGION CODE ADDRESS : 28440 BRUSH CANYON DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,411.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,773.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.54000
----------------------------------------------------------------
0 0031331101 MORTGAGORS: TEMPLETON DAVID
TEMPLETON DEBRA
REGION CODE ADDRESS : 14 TREERIDGE LANE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,704.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,492.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.55600
----------------------------------------------------------------
0 0031331135 MORTGAGORS: SCHRIEFFER PAUL
SCHRIEFFER NORMA
REGION CODE ADDRESS : 19931 EAST COUNTRY HOLLOW DRIVE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 330,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,654.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,313.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.85800
----------------------------------------------------------------
0 0031331150 MORTGAGORS: MC EWAN WAYNE
MC EWAN SANDRA
REGION CODE ADDRESS : 22225 EUCALYPTUS LANE
01 CITY : LAKE FORREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 285,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,487.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.18400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,505,200.00
P & I AMT: 10,430.25
UPB AMT: 1,504,061.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031331481 MORTGAGORS: CHOATE LAUREN
REGION CODE ADDRESS : 1770 LEE COURT
01 CITY : PALATINE
STATE/ZIP : IL 60067
MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031331580 MORTGAGORS: GO SERGIO
REGION CODE ADDRESS : 122 EAST LAUREL AVENUE # B
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,207.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031331614 MORTGAGORS: MILLER MARK
MILLER KATHLEEN
REGION CODE ADDRESS : 225 BENEVENTE DRIVE
01 CITY : OCEANSIDE
STATE/ZIP : CA 92057
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,329.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,604.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.13700
----------------------------------------------------------------
0 0031331648 MORTGAGORS: OVERSTREET NEIL
OVERSTREET CLAUDIA
REGION CODE ADDRESS : 21835 EAST CHESTNUT COURT
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,786.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.66600
----------------------------------------------------------------
0 0031331655 MORTGAGORS: WINGERD RAYMOND
REGION CODE ADDRESS : 4625 LIVE OAK CANYON ROAD
01 CITY : LA VERNE
STATE/ZIP : CA 91750
MORTGAGE AMOUNT : 401,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,936.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,737.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,473,400.00
P & I AMT: 10,186.65
UPB AMT: 1,472,510.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031331689 MORTGAGORS: SILVER ALAN
FRANCOEUR CAROLE
REGION CODE ADDRESS : 4157 KLUMP AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91602
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
0 0031332091 MORTGAGORS: SPRUIELL E.
SPRUIELL PAMELA
REGION CODE ADDRESS : 4709 WILLOW BEND DRIVE
01 CITY : WICHITA FALLS
STATE/ZIP : TX 76310
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031332570 MORTGAGORS: CAFFERATA REYNOLDS
CAFFERATA REBECCA
REGION CODE ADDRESS : 3377 VOSBERG STREET
01 CITY : PASADENA
STATE/ZIP : CA 91107
MORTGAGE AMOUNT : 386,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,248.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.89500
----------------------------------------------------------------
0 0031332828 MORTGAGORS: CLEARY JEFFREY
CLEARY JOAN
REGION CODE ADDRESS : 1337 CABRILLO AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 649,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,541.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,649.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.92100
----------------------------------------------------------------
0 0031333024 MORTGAGORS: BOUTELL DANTE
REGION CODE ADDRESS : 213-215 41ST STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 357,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,314.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,409.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,949,950.00
P & I AMT: 13,545.17
UPB AMT: 1,948,681.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031334279 MORTGAGORS: ZAIDI SHAUKAT
ZAIDI SHAMIM
REGION CODE ADDRESS : 1225 FALLING STAR AVENUE
01 CITY : WEST LAKE VILLAGE
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,481.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.03400
----------------------------------------------------------------
0 0031334998 MORTGAGORS: BRUNDAGE BARRY
BRUNDAGE CANDACE
REGION CODE ADDRESS : 6160 ASHTON PLACE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91739
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,804.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.69600
----------------------------------------------------------------
0 0031335060 MORTGAGORS: ROUW SCOTT
SOLGANIK MILANA
REGION CODE ADDRESS : 5181 ROSE WAY
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,804.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.08400
----------------------------------------------------------------
0 0031335110 MORTGAGORS: BLUMHARDT WILLIAM
BLUMHARDT DEBRA
REGION CODE ADDRESS : 632 DUNHILL DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.78500
----------------------------------------------------------------
0 0031335144 MORTGAGORS: BAIRD DOUGLAS
BAIRD CONNIE
REGION CODE ADDRESS : 11602 CHESTNUT RIDGE STREET
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 258,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,707.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.98100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,628,900.00
P & I AMT: 11,473.11
UPB AMT: 1,628,051.79
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031335169 MORTGAGORS: GRAY JEFFREY
GRAY SHELLEY
REGION CODE ADDRESS : 6257 EVANGELINE COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031335193 MORTGAGORS: MCPECK KIM
MCPECK LORRI
REGION CODE ADDRESS : 1823 SOUTH ROSS STREET
01 CITY : SANTA ANA
STATE/ZIP : CA 92707
MORTGAGE AMOUNT : 159,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 159,784.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,131.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.83300
----------------------------------------------------------------
0 0031335235 MORTGAGORS: GRANT ANDREW
GRANT DENISE
REGION CODE ADDRESS : 4092 DIABLO CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,710.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.55900
----------------------------------------------------------------
0 0031335268 MORTGAGORS: CHRISTENSEN STEVEN
CHRISTENSEN RENETTE
REGION CODE ADDRESS : 24702 STONEGATE DRIVE
01 CITY : WEST HILLS AREA LOS ANGEL
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,764.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.75200
----------------------------------------------------------------
0 0031335292 MORTGAGORS: MUIR STEVE
MUIR MERRI
REGION CODE ADDRESS : 2772 MIRA BELLA CIRCLE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 277,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,477.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 53.40300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,401,600.00
P & I AMT: 9,714.99
UPB AMT: 1,400,540.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031335342 MORTGAGORS: NORDLIN MARKUS
NORDLIN WENDY
REGION CODE ADDRESS : 16203 PROMONTORY PLACE
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,826.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031335375 MORTGAGORS: GUTIERREZ HERBERT
GUTIERREZ JULIE
REGION CODE ADDRESS : 22631 KATHRYN AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 259,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,402.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.17100
----------------------------------------------------------------
0 0031335383 MORTGAGORS: VALERIO RAUL
VALERIO JOY
REGION CODE ADDRESS : 28831 PEACH BLOSSOM
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.67500
----------------------------------------------------------------
0 0031335417 MORTGAGORS: JOSEPH DAVID
KOIRE GRETCHEN
REGION CODE ADDRESS : 7401 FRANKLIN AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 347,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,548.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.81651
----------------------------------------------------------------
0 0031335581 MORTGAGORS: MILLER DANIEL
MILLER JANET
REGION CODE ADDRESS : 1005 PATRICIA WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,300.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.56700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,395,900.00
P & I AMT: 9,812.62
UPB AMT: 1,394,875.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031335607 MORTGAGORS: JEFFRIES PATRICE
REGION CODE ADDRESS : 2401 PULLMAN LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,793.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.13300
----------------------------------------------------------------
0 0031335631 MORTGAGORS: ESPOSITO DOMINICK
ESPOSITO DIANA
REGION CODE ADDRESS : LOT 8 MANNINGFIELD S/D
01 CITY : FAIRVIEW
STATE/ZIP : NC 28730
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,992.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.47300
----------------------------------------------------------------
0 0031335854 MORTGAGORS: CORNISH DENNIS
CORNISH SHELLY
REGION CODE ADDRESS : 3891 SANTA CRUZ COURT
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93063
MORTGAGE AMOUNT : 283,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,889.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,979.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.46800
----------------------------------------------------------------
0 0031335888 MORTGAGORS: WEARN ROBERT
WEARN DEBORAH
REGION CODE ADDRESS : 3248 CANDLEWOOD ROAD
01 CITY : TORRANCE
STATE/ZIP : CA 90505
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031336019 MORTGAGORS: SCURLOCK KENNETH
SCURLOCK JUDY
REGION CODE ADDRESS : 22016 PARVIN DRIVE
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 311,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,769.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.62000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,442,100.00
P & I AMT: 10,068.76
UPB AMT: 1,440,221.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031336050 MORTGAGORS: MORTENSEN DAVID
MORTENSEN PATRICIA
REGION CODE ADDRESS : 3324 MILLS AVENUE
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.21900
----------------------------------------------------------------
0 0031336076 MORTGAGORS: SPENCE JAMES
SPENCE PATRICIA
REGION CODE ADDRESS : 9 VIA JAZMIN
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 336,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,456.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,383.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.82200
----------------------------------------------------------------
0 0031336134 MORTGAGORS: BINKLEY JONATHAN
BINKLEY CONNIE
REGION CODE ADDRESS : 3531 WHITE COURT
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,820.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.06400
----------------------------------------------------------------
0 0031337546 MORTGAGORS: YAMAMOTO WAYNE
BABA AMY
REGION CODE ADDRESS : 602 HUNTLEIGH DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 288,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,546.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031337553 MORTGAGORS: PARRISH JOHN
PARRISH MARGARET
REGION CODE ADDRESS : 2454 SAN MIGUEL DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,701.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,707.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,551,450.00
P & I AMT: 10,918.09
UPB AMT: 1,550,313.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031337587 MORTGAGORS: HUERTA FRANK
SCHECHTER DANIELE
REGION CODE ADDRESS : 438 PORTOFINO DRIVE #103
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031337652 MORTGAGORS: CORK CARL
CORK MISTY
REGION CODE ADDRESS : 989 TERA COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
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 : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031338106 MORTGAGORS: MCDONALD DENNY
LYNCH JESSALYN
REGION CODE ADDRESS : 22761 EVERGREEN MILL ROAD
01 CITY : LEESBURG
STATE/ZIP : VA 20176
MORTGAGE AMOUNT : 357,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,568.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,496.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
0 0031338122 MORTGAGORS: WILLIAMS JEFFREY
WILLIAMS GINGER
REGION CODE ADDRESS : 4406 NORTH 38TH STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,467.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031338148 MORTGAGORS: YOUNG JOAN
REGION CODE ADDRESS : 3419 BOWFIN AVENUE SAN PEDRO AREA
01 CITY : LOS ANGELES
STATE/ZIP : CA 90732
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,555,100.00
P & I AMT: 10,820.01
UPB AMT: 1,553,610.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031338171 MORTGAGORS: WILLIAMS WENDELL
WILLIAMS THERESE
REGION CODE ADDRESS : 1585 DIANNE LANE
01 CITY : CORONA
STATE/ZIP : CA 91719
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,613.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.89500
----------------------------------------------------------------
0 0031338213 MORTGAGORS: MATHIAS DAVID
MATHIAS GEORGINA
REGION CODE ADDRESS : 1048 SOUTH EAST HILL DRIVE
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 373,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,723.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,608.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.08600
----------------------------------------------------------------
0 0031338239 MORTGAGORS: FLOM GERALD
FLOM SYBIL
REGION CODE ADDRESS : 1047 EAST OCEAN AVENUE
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.47058
----------------------------------------------------------------
0 0031338247 MORTGAGORS: ROSENTHAL JUDY
REGION CODE ADDRESS : 1807 BRADDOCK COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 123,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,553.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 843.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.98400
----------------------------------------------------------------
0 0031338312 MORTGAGORS: POWERS SCOTT
POWERS MERIN
REGION CODE ADDRESS : 2577 NEW JERSEY AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,824.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.76900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,322,650.00
P & I AMT: 9,270.08
UPB AMT: 1,321,472.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031338502 MORTGAGORS: TURKALJ TOMISLAV
TURKALJ NADA
REGION CODE ADDRESS : 4076 GRAHAM STREET
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,538.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031338676 MORTGAGORS: BLAKE CHRISTOPHER
OTSUKI LAUREN
REGION CODE ADDRESS : 16749 CALLE HERMOSA
01 CITY : SAN DIEGO
STATE/ZIP : CA 92127
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,348.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,295.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031339302 MORTGAGORS: PAIGE JAMES
PAIGE MYRA
REGION CODE ADDRESS : 1100 VIA VIENTO LANE
01 CITY : CORONA
STATE/ZIP : CA 91720
MORTGAGE AMOUNT : 172,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 172,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,193.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031339849 MORTGAGORS: ZINN WAYNE
ZINN CANDACE
REGION CODE ADDRESS : 5931 AVENIDA ANTIGUA
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 254,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,701.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.80200
----------------------------------------------------------------
0 0031339864 MORTGAGORS: CHOW TOMMY
CHOW SHARON
REGION CODE ADDRESS : 32 SERENTY LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 254,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,315.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.85200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,391,100.00
P & I AMT: 9,790.90
UPB AMT: 1,389,704.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031340011 MORTGAGORS: CHAO ANDREW
CHAO LIDIA
REGION CODE ADDRESS : 218 TERRAMAR
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92673
MORTGAGE AMOUNT : 364,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,222.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,517.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.58500
----------------------------------------------------------------
0 0031340417 MORTGAGORS: HARTMAN PETER
HARTMAN SUNDRA
REGION CODE ADDRESS : 30206 HILLSIDE TERRACE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 380,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,967.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,658.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.60200
----------------------------------------------------------------
0 0031341068 MORTGAGORS: WECKMANN JAVIER
WECKMANN HORTENCIA
REGION CODE ADDRESS : 2187 TERREBONNE AVENUE
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.38400
----------------------------------------------------------------
0 0031341076 MORTGAGORS: LIGHT CYRIL
LIGHT ORLY
REGION CODE ADDRESS : 3196 BREMERTON PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 334,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,251.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.16800
----------------------------------------------------------------
0 0031341233 MORTGAGORS: WERTHMAN KEVIN
WERTHMAN SHERRI
REGION CODE ADDRESS : 1917 NORTH DEER CREEK CIRCLE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 144,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 144,505.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,166.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,050.00
P & I AMT: 10,507.76
UPB AMT: 1,480,760.47
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031341316 MORTGAGORS: CHINN ARTHUR
RICHARDSON THOMAS
REGION CODE ADDRESS : 8271 SKYLINE CIRCLE
01 CITY : OAKLAND
STATE/ZIP : CA 94605
MORTGAGE AMOUNT : 291,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,738.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031341456 MORTGAGORS: LOFQUIST MICHAEL
LOFQUIST HEIDI
REGION CODE ADDRESS : 14722 WHITE CLOUD COURT
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342082 MORTGAGORS: REYNOLDS TIMOTHY
REYNOLDS BARBARA
REGION CODE ADDRESS : 328 RIESLING COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 405,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,149.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,834.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99200
----------------------------------------------------------------
0 0031342116 MORTGAGORS: CROWELL GARY
CROWELL CLARA
REGION CODE ADDRESS : 95-1040 KUALAPA STREET
01 CITY : MILILANI
STATE/ZIP : HI 96789
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,320.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.80 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342181 MORTGAGORS: KAPPHAHN GREGORY
KAPPHAHN EMELITA
REGION CODE ADDRESS : 21 BISHOP STREET
01 CITY : SAN FRANSISCO
STATE/ZIP : CA 94134
MORTGAGE AMOUNT : 232,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,077.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.91900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,650.00
P & I AMT: 11,302.81
UPB AMT: 1,628,285.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342231 MORTGAGORS: HINRICHS WILLIAM
HINRICHS JUDITH
REGION CODE ADDRESS : 7127 BABILONIA STREET
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,746.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,217.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.58100
----------------------------------------------------------------
0 0031342280 MORTGAGORS: HANKE SANDRA
HANKE FREEMAN
REGION CODE ADDRESS : 5900 HANNA AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 203,852.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,443.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.46150
----------------------------------------------------------------
0 0031342298 MORTGAGORS: EGERTSON JEFFREY
EGERTSON JILL
REGION CODE ADDRESS : 13118 SEA KNOLL COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 411,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,626.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,950.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99000
----------------------------------------------------------------
0 0031342363 MORTGAGORS: WEILBACHER RONALD
CARRADO ISABELLA
REGION CODE ADDRESS : 31700 DUNRAVEN COURT
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,786.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.63100
----------------------------------------------------------------
0 0031342371 MORTGAGORS: PARKER JAMES
PARKER SHEILA
REGION CODE ADDRESS : 6060 EAST FLEMING SPRINGS ROAD
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 505,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 505,234.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,578.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.99800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,741,400.00
P & I AMT: 12,277.76
UPB AMT: 1,739,245.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342405 MORTGAGORS: CLEARY JAMES
CLEARY MICHELLE
REGION CODE ADDRESS : 9267 STEPHANIE STREET
01 CITY : RIVERSIDE
STATE/ZIP : CA 92508
MORTGAGE AMOUNT : 137,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 137,500.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 973.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342462 MORTGAGORS: O'SULLIVAN JACOB
O'SULLIVAN KIMBERLY
REGION CODE ADDRESS : 7361 PEGASUS WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95139
MORTGAGE AMOUNT : 252,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,112.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.33900
----------------------------------------------------------------
0 0031342488 MORTGAGORS: BOURDAA BRUCE
BOURDAA SANDRA
REGION CODE ADDRESS : 9025 LEMORAN AVENUE
01 CITY : DOWNEY
STATE/ZIP : CA 90240
MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,910.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 877.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342504 MORTGAGORS: GIOVANNIELLO ALEXANDER
GIOVANNIELLO BARBARA
REGION CODE ADDRESS : 23114 BENT OAK ROAD
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,815.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.40700
----------------------------------------------------------------
0 0031342512 MORTGAGORS: RUOCCO RICHARD
RUOCCO DENISE
REGION CODE ADDRESS : 19721 CLANCY LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,046,900.00
P & I AMT: 7,251.71
UPB AMT: 1,046,107.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342538 MORTGAGORS: HARRIS JAMES
HARRIS SUSAN
REGION CODE ADDRESS : 1951 PORT CARNEY PLACE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 395,691.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,701.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.89300
----------------------------------------------------------------
0 0031342553 MORTGAGORS: GILES GARY
GILES JUDY
REGION CODE ADDRESS : 19448 SHELFORD DRIVE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,821.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.07600
----------------------------------------------------------------
0 0031342603 MORTGAGORS: HEWETT GARY
MCKAY-HEWETT BARBARA
REGION CODE ADDRESS : 515 BEGIER AVENUE
01 CITY : SAN LEANDRO
STATE/ZIP : CA 94577
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,818.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.43700
----------------------------------------------------------------
0 0031342660 MORTGAGORS: ENGLAND BOONE
ENGLAND CHERIE
REGION CODE ADDRESS : 4025 CALLE ISABELLA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.64600
----------------------------------------------------------------
0 0031342678 MORTGAGORS: BARRETT NIGEL
BARRETT CHRISTINA
REGION CODE ADDRESS : 6010 EAST APPIAN WAY
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,768.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,517,000.00
P & I AMT: 10,583.74
UPB AMT: 1,515,868.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342702 MORTGAGORS: SWANSON RANDALL
SWANSON DONNA
REGION CODE ADDRESS : 1033 RASHFORD DRIVE
01 CITY : PLACENTIA
STATE/ZIP : CA 92870
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.01400
----------------------------------------------------------------
0 0031342710 MORTGAGORS: COHUNE STEWART
COHUNE DEBRA
REGION CODE ADDRESS : 30 ANGEL COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 354,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,243.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,509.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.66200
----------------------------------------------------------------
0 0031342728 MORTGAGORS: MEKBEB TENAGNE
REGION CODE ADDRESS : 9386 DURANGO LANE
01 CITY : GILROY
STATE/ZIP : CA 95020
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,775.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342736 MORTGAGORS: STAHELI JAMES
NIELSEN-STAHELI LISA
REGION CODE ADDRESS : 99 WESTRIDGE DR
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 260,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,401.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.67000
----------------------------------------------------------------
0 0031342744 MORTGAGORS: SIMON NORMAN
SIMON SHELLEY
REGION CODE ADDRESS : 6223 EAST 5TH STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.83000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,413,100.00
P & I AMT: 9,839.70
UPB AMT: 1,412,041.95
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342793 MORTGAGORS: BRAAT STEVEN
MEDLIN-BRAAT ROBIN
REGION CODE ADDRESS : 105 ROSE LANE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,622.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,425.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031342835 MORTGAGORS: MCKEE ARTHUR
MCKEE TERESA
REGION CODE ADDRESS : 1308 HANSEN AVENUE
01 CITY : ALAMEDA
STATE/ZIP : CA 94501
MORTGAGE AMOUNT : 246,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,321.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.58200
----------------------------------------------------------------
0 0031342843 MORTGAGORS: ANANTIYO SUWAT
ANANTIYO WARAPORN
REGION CODE ADDRESS : 7617 E HOLLOW OAK ROAD
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 87.16400
----------------------------------------------------------------
0 0031342850 MORTGAGORS: GAUTHIER THEODORE
WAINING MONIQUE
REGION CODE ADDRESS : 500 LAGUNITA DRIVE
01 CITY : SOQUEL
STATE/ZIP : CA 95073
MORTGAGE AMOUNT : 251,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,123.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.18400
----------------------------------------------------------------
0 0031342868 MORTGAGORS: ZUMWALT DONALD
ZUMWALT JILL
REGION CODE ADDRESS : 1035 VALLEY RANCH ROAD
01 CITY : CLIO
STATE/ZIP : CA 96016
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,309.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,594,000.00
P & I AMT: 11,127.85
UPB AMT: 1,592,166.48
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031342884 MORTGAGORS: HART JUSTIN
HART MAYA
REGION CODE ADDRESS : 491 FALL CREEK DRIVE
01 CITY : FELTON
STATE/ZIP : CA 95018
MORTGAGE AMOUNT : 245,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,232.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.20500
----------------------------------------------------------------
0 0031342900 MORTGAGORS: BATES JAMES
BATES SANDRA
REGION CODE ADDRESS : 1227 HIGHLAND DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94949
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,305.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.92850
----------------------------------------------------------------
0 0031342959 MORTGAGORS: BESBECK STEVEN
REGION CODE ADDRESS : 25769 VISTA VERDE DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 408,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,654.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,894.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.74560
----------------------------------------------------------------
0 0031342983 MORTGAGORS: SAMUELSON MARK
SAMUELSON PAMELA
REGION CODE ADDRESS : 214 CALCITA DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,548.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,203.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.25200
----------------------------------------------------------------
0 0031343122 MORTGAGORS: TOMPKINS GEOFFREY
TOMPKINS AMY
REGION CODE ADDRESS : 2231 VALLEY PLACE
01 CITY : SANTA ROSA
STATE/ZIP : CA 95405
MORTGAGE AMOUNT : 341,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,346.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,388.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,587,550.00
P & I AMT: 11,020.22
UPB AMT: 1,586,086.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031343288 MORTGAGORS: WOOD JAMES
WOOD CATHERINE
REGION CODE ADDRESS : 10131 EMPIRE AVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,714.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,496.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.87234
----------------------------------------------------------------
0 0031343296 MORTGAGORS: BUGATTO BARRY
BUGATTO LORRIE
REGION CODE ADDRESS : 56 WINDWARD DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,391.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.66600
----------------------------------------------------------------
0 0031343320 MORTGAGORS: WEXLER GARY
WEXLER LISA
REGION CODE ADDRESS : 16661 OLDHAM PLACE
01 CITY : ENCINO
STATE/ZIP : CA 91436
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 42.55300
----------------------------------------------------------------
0 0031343478 MORTGAGORS: VAKHARIA HIMANSKU
VAKHARIA LISA
REGION CODE ADDRESS : 1527 RANCHO HILLS DRIVE
01 CITY : CHINO HILLS
STATE/ZIP : CA 91709
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,294.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.28500
----------------------------------------------------------------
0 0031343502 MORTGAGORS: GONZALEZ JUAN
GONZALEZ SUSAN
REGION CODE ADDRESS : 2347 WEST 234TH STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90501
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,384.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,100.00
P & I AMT: 10,260.89
UPB AMT: 1,480,550.38
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031343585 MORTGAGORS: SEIDEL WILLIAM
SEIDEL THERESA
REGION CODE ADDRESS : 31292 AVENIDA MADRID
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,062.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,222.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.77700
----------------------------------------------------------------
0 0031343593 MORTGAGORS: ARMENDARIZ ALFREDO
REGION CODE ADDRESS : 30791 STEEPLE CHASE DRIVE
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,674.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 35.05800
----------------------------------------------------------------
0 0031343601 MORTGAGORS: POLLARD MARK
POLLARD CARINA
REGION CODE ADDRESS : 4455 MYRTLE AVENUE
01 CITY : LONG BEACH
STATE/ZIP : CA 90807
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,809.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.76100
----------------------------------------------------------------
0 0031344856 MORTGAGORS: KELLEY CLEVELAND
KELLEY LAURE
REGION CODE ADDRESS : 525 27TH STREET UNIT #2
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.74481
----------------------------------------------------------------
0 0031344880 MORTGAGORS: POPOVITS BRIAN
POPOVITS ROCHELLE
REGION CODE ADDRESS : 6139 AUGUSTA WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 257,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,698.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 93.78100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,900.00
P & I AMT: 11,338.03
UPB AMT: 1,618,882.63
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031345796 MORTGAGORS: BRAMLETT DALE
BRAMLETT SHARON
REGION CODE ADDRESS : 6225 EAST GOLDENROD LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 290,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.06500
----------------------------------------------------------------
0 0031345895 MORTGAGORS: GUYTON WILLIAM
GUYTON ANGELA
REGION CODE ADDRESS : 43397 DEEPSPRING COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 292,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
0 0031346042 MORTGAGORS: SCOTT STEVEN
CRUSER-SCOTT KIMBERLY
REGION CODE ADDRESS : 124 SOUTH IRENA AVENUE, UNIT B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,467.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,376.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.66000
----------------------------------------------------------------
0 0031346240 MORTGAGORS: VILLANI MICHAEL
VILLANI CAROL
REGION CODE ADDRESS : 200 FLOWER STREET
01 CITY : COSTA MESA
STATE/ZIP : CA 92627
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,286.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.52900
----------------------------------------------------------------
0 0031346307 MORTGAGORS: TAHBAZ KAMBIZ
TAHBAZ RITA
REGION CODE ADDRESS : 8101 RAYFORD DR
01 CITY : LOS ANGELES
STATE/ZIP : CA 90045
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.82300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,457,550.00
P & I AMT: 10,605.66
UPB AMT: 1,456,592.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031346356 MORTGAGORS: CONG JINGSHENG
CHANG JING
REGION CODE ADDRESS : 1317 AVENIDA DE CORTEZ
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 405,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,199.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,835.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.43900
----------------------------------------------------------------
0 0031347263 MORTGAGORS: BAKER JOSEPH
BAKER NATALIE
REGION CODE ADDRESS : 2010 VINCENT DRIVE
01 CITY : SAN MARTIN
STATE/ZIP : CA 95046
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,800.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 45.83333
----------------------------------------------------------------
0 0031347305 MORTGAGORS: MOORJANI DEEPAK
REGION CODE ADDRESS : 837 SOUTH CANYON MIST LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031347396 MORTGAGORS: WOHLERS RICHARD
WOHLERS SHARON
REGION CODE ADDRESS : 814 SPRING CANYON PLACE
01 CITY : NEWBURY PARK
STATE/ZIP : CA 91320
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,743.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,412.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.66666
----------------------------------------------------------------
0 0031347446 MORTGAGORS: VISCA CURTIS
VISCA KELLEY
REGION CODE ADDRESS : 601 FIGUEROA
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
MORTGAGE AMOUNT : 244,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,309.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.16800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,000.00
P & I AMT: 10,976.71
UPB AMT: 1,578,811.43
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031347453 MORTGAGORS: CHAN HENDRICK
CHAN POWAN
REGION CODE ADDRESS : 1146 COTSWALD COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,824.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.94730
----------------------------------------------------------------
0 0031347487 MORTGAGORS: CHEVALIER BRIAN
GAIO LORI
REGION CODE ADDRESS : 731 PICO AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
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 : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 75.78940
----------------------------------------------------------------
0 0031347495 MORTGAGORS: SCHAEFFER RANDY
SCHAEFFER LESLIE
REGION CODE ADDRESS : 708 29TH AVENUE
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.69810
----------------------------------------------------------------
0 0031347503 MORTGAGORS: KANG PETER
KIM EUN-JOO
REGION CODE ADDRESS : 40 ENSENADA ROAD
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,728.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,346.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031347982 MORTGAGORS: BERGGREN HANS
BLACK JAMIE
REGION CODE ADDRESS : 2913 3RD STREET #309
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,793.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.37900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,529,000.00
P & I AMT: 10,449.21
UPB AMT: 1,527,806.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031348014 MORTGAGORS: STEINBERG BARRY
STEINBERG ANN
REGION CODE ADDRESS : 1425 MAPLE STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90405
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,825.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.55500
----------------------------------------------------------------
0 0031348204 MORTGAGORS: CARROLL JAMES
REGION CODE ADDRESS : 342 LAFAYETTE DRIVE
01 CITY : OXNARD
STATE/ZIP : CA 93030
MORTGAGE AMOUNT : 111,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 110,909.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 738.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.85610
----------------------------------------------------------------
0 0031348345 MORTGAGORS: GAITHER JOE
GAITHER SHAROL
REGION CODE ADDRESS : 14351 HAYCOCK STREET
01 CITY : RANCHO MURIETTA
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 283,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,153.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.77700
----------------------------------------------------------------
0 0031348360 MORTGAGORS: SATTLER EDWARD
SATTLER JULIE
REGION CODE ADDRESS : 1026 MOUNT CARMEL DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,374.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,811.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 06/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.21000
----------------------------------------------------------------
0 0031348949 MORTGAGORS: PARE JONATHAN
PARE DEBORAH
REGION CODE ADDRESS : 1691 CROMWELL PLACE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,316.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,866.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.42800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,296,100.00
P & I AMT: 9,117.34
UPB AMT: 1,294,578.75
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031349426 MORTGAGORS: EDGEMON JAMES
REGION CODE ADDRESS : 18204 QUAIL RUN
01 CITY : FAIRHOPE
STATE/ZIP : AL 36532
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031349467 MORTGAGORS: FRITZSCHE WILLIAM
FRITZSCHE MARY
REGION CODE ADDRESS : 17460 SERENE DRIVE
01 CITY : MORGAN HILL
STATE/ZIP : CA 95037
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,717.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,295.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 72.63150
----------------------------------------------------------------
0 0031349491 MORTGAGORS: BRENDEL JOSEPH
BRENDEL DEBRA
REGION CODE ADDRESS : 7917 WINGED FOOT COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,783.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,116.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0031349525 MORTGAGORS: SPENCER KYLE
SPENCER SANDRA
REGION CODE ADDRESS : 2174 HENRY COURT
01 CITY : EAST PALO ALTO
STATE/ZIP : CA 94303
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031349608 MORTGAGORS: DOUCHETTE STEPHANIE
REGION CODE ADDRESS : 505 EAST AVENIDA SAN JUAN
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,516,000.00
P & I AMT: 10,337.29
UPB AMT: 1,515,043.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031349640 MORTGAGORS: GRACIS GERALD
GRACIS MARION
REGION CODE ADDRESS : 7 HEATHERWOOD
01 CITY : COTO DE CAZA (AREA)
STATE/ZIP : CA 92679
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 78.83500
----------------------------------------------------------------
0 0031350028 MORTGAGORS: SKINNER JAMES
SKINNER HOPE
REGION CODE ADDRESS : 893 SAN SIMEON DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94518
MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 191,861.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,358.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031350226 MORTGAGORS: CONTRERAS ARMAND
CONTRERAS SABRINA
REGION CODE ADDRESS : 115 EAST LAS PALMAS DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,803.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.86600
----------------------------------------------------------------
0 0031350283 MORTGAGORS: NEWTON JOHN
NEWTON BARBARA
REGION CODE ADDRESS : 610 WAKEFIELD COURT #101
01 CITY : LONG BEACH
STATE/ZIP : CA 90803
MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,305.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.61500
----------------------------------------------------------------
0 0031350309 MORTGAGORS: KORBIN WILLIAM
KORBIN MAURA
REGION CODE ADDRESS : 4385 SUNNYHILL DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,830.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.78600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,224,000.00
P & I AMT: 8,528.58
UPB AMT: 1,223,084.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031350333 MORTGAGORS: BAZZI MANUEL
BAZZI ISKRA
REGION CODE ADDRESS : 2257 TINA STREET
01 CITY : EL CAJON
STATE/ZIP : CA 92019
MORTGAGE AMOUNT : 283,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,034.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,956.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.60200
----------------------------------------------------------------
0 0031350416 MORTGAGORS: BAPTISTA ARNOLD
BAPTISTA TRISHA
REGION CODE ADDRESS : 1086 LAS BANCAS
01 CITY : CHULA VISTA
STATE/ZIP : CA 91911
MORTGAGE AMOUNT : 116,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 115,749.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 831.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.33300
----------------------------------------------------------------
0 0031350432 MORTGAGORS: SMITH REGINA
REGION CODE ADDRESS : 461 VISTA DEL NORTE
01 CITY : WALNUT
STATE/ZIP : CA 91789
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,837.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,418.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.47000
----------------------------------------------------------------
0 0031350507 MORTGAGORS: YAMASAKI KEN
YAMASAKI LORI
REGION CODE ADDRESS : 11116 EXPOSITION BOULEVARD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,836.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,330.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031350515 MORTGAGORS: SADRIEH JALAL
SADRIEH SHAHIN
REGION CODE ADDRESS : 12710 SANDY CREST COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,207,250.00
P & I AMT: 8,333.78
UPB AMT: 1,206,457.44
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031350564 MORTGAGORS: KOMAROV DIMITRI
REGION CODE ADDRESS : 1012 17TH STREET #2
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 100,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 733.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 40.00000
----------------------------------------------------------------
0 0031351208 MORTGAGORS: APEL KARL
APEL SILKE
REGION CODE ADDRESS : 1191 TENNYSON STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.46800
----------------------------------------------------------------
0 0031351604 MORTGAGORS: HEINIG M
HEINIG JOAN
REGION CODE ADDRESS : 4127 MEADOW WOOD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.68000
----------------------------------------------------------------
0 0031351760 MORTGAGORS: LUCE DONALD
REGION CODE ADDRESS : 18471 ROSENAU DRIVE
01 CITY : VILLA PARK
STATE/ZIP : CA 92667
MORTGAGE AMOUNT : 341,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,746.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.39000
----------------------------------------------------------------
0 0031351810 MORTGAGORS: BUNYARD MARC
BUNYARD CYNTHIA
REGION CODE ADDRESS : 329 RIESLING COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 370,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,324.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,591.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.74600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,357,600.00
P & I AMT: 9,527.11
UPB AMT: 1,356,666.66
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031353907 MORTGAGORS: COPEK GEORGE
COPEK MARY
REGION CODE ADDRESS : 28552 CHIMNEY ROCK CIRCLE
01 CITY : TRABUCO CANYON AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,832.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031354079 MORTGAGORS: ROGERS FRED
ROGERS DEBORAH
REGION CODE ADDRESS : 817 TURINO STREET
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 317,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,339.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031354194 MORTGAGORS: ROGERS MITCHELL
ROGERS MICHELE
REGION CODE ADDRESS : 5081 WILLOW VALE WAY
01 CITY : ELK GROVE
STATE/ZIP : CA 95758
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,790.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.88900
----------------------------------------------------------------
0 0031354533 MORTGAGORS: POWELL RICHARD
POWELL LINDA
REGION CODE ADDRESS : 3612 241 ST AVE. SOUTHEAST
01 CITY : ISSAQUAH
STATE/ZIP : WA 98029
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031354657 MORTGAGORS: TANAKA GARY
TANAKA WENDI
REGION CODE ADDRESS : 7022 GROVESPRING DRIVE
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.71100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,384,600.00
P & I AMT: 9,457.99
UPB AMT: 1,383,961.87
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031354673 MORTGAGORS: OSTER GEORGE
FANG KATHY
REGION CODE ADDRESS : 8400 BEL VIEW COURT
01 CITY : EL CERRITO
STATE/ZIP : CA 94530
MORTGAGE AMOUNT : 567,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 567,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,772.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031354780 MORTGAGORS: BURKS LETICIA
REGION CODE ADDRESS : 17 HANCOCK ST
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 298,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,077.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.60000
----------------------------------------------------------------
0 0031355373 MORTGAGORS: VELUZ VIRGILIO
VELUZ BELLA
REGION CODE ADDRESS : 8715 KITTYHAWK AVENUE
01 CITY : WESTCHESTER
STATE/ZIP : CA 90045
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,184.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,569.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.46100
----------------------------------------------------------------
0 0031357056 MORTGAGORS: GRIGSBY LEONARD
GRIGSBY BARBARA
REGION CODE ADDRESS : 19145 WEST MUIRFIELD CIRCLE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0031357163 MORTGAGORS: LONG RODERICK
LONG DEBRA
REGION CODE ADDRESS : 157 PLACITAS TRAILS
01 CITY : PLACITAS
STATE/ZIP : NM 87043
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,034.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,040,000.00
P & I AMT: 14,058.71
UPB AMT: 2,038,761.90
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031357254 MORTGAGORS: SQUAR RICHARD
REGION CODE ADDRESS : 1806 TOYON LANE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 496,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,445.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,341.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031357270 MORTGAGORS: DECKER DONALD
DECKER LENA
REGION CODE ADDRESS : 4164 SAND ROCK CIRCLE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031357338 MORTGAGORS: LEDER WILLIAM
REGION CODE ADDRESS : 2322 WARREN ROAD
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94595
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031357361 MORTGAGORS: HANOIAN LOUIS
HANOIAN KATHY
REGION CODE ADDRESS : 4220 PALMETTO WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92103
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,284.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,105.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.37500
----------------------------------------------------------------
0 0031357411 MORTGAGORS: VON ROTZ DONALD
VON ROTZ STEPHANIE
REGION CODE ADDRESS : 9556 ALCOSTA BOULEVARD
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 374,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,615.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.62100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,799,500.00
P & I AMT: 12,320.30
UPB AMT: 1,798,492.97
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031358336 MORTGAGORS: HERMANSON ROBERT
HERMANSON KAREN
REGION CODE ADDRESS : 1631 ELWOOD DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,784.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.73100
----------------------------------------------------------------
0 0031358344 MORTGAGORS: DAULER RICHARD
DAULER DENISE
REGION CODE ADDRESS : 2566 WEBSTER STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,731.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,531.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.42200
----------------------------------------------------------------
0 0031358492 MORTGAGORS: DEWAR C
DEWAR CHRISTINA
REGION CODE ADDRESS : 3433 WYCLIFFE DR
01 CITY : MODESTO
STATE/ZIP : CA 95355
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,793.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031358799 MORTGAGORS: ROM ARI
REGION CODE ADDRESS : 3388 COY DRIVE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,621.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,223.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031359276 MORTGAGORS: MONEY RICHARD
MONEY PATRICIA
REGION CODE ADDRESS : 961 HAMPSWOOD WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 649,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,080.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,597.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.97700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,889,500.00
P & I AMT: 13,471.69
UPB AMT: 1,887,011.94
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359342 MORTGAGORS: HOWARD GEORGE
TAN-PAP MAY
REGION CODE ADDRESS : 465 SUMMER STREET
01 CITY : LYNNFIELD
STATE/ZIP : MA 01940
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,173.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031359391 MORTGAGORS: LICHTMAN HOWARD
LICHTMAN ILENE
REGION CODE ADDRESS : 10714 ESTERINA WAY
01 CITY : CULVER CITY
STATE/ZIP : CA 90230
MORTGAGE AMOUNT : 427,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,666.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,912.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.55600
----------------------------------------------------------------
0 0031359409 MORTGAGORS: PATTON MICHAEL
PATTON JANE
REGION CODE ADDRESS : RICHMOND-HINESBURG ROAD
01 CITY : HINESBURG
STATE/ZIP : VT 05461
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,556.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.01500
----------------------------------------------------------------
0 0031359433 MORTGAGORS: RIVERA JOSE
RIVERA LUZ
REGION CODE ADDRESS : 32-33 103 STREET
01 CITY : EAST ELMHURST
STATE/ZIP : NY 11369
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,741.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031359441 MORTGAGORS: BERRY PAUL
BERRY MARY
REGION CODE ADDRESS : 95 SAMROSE DRIVE
01 CITY : NOVATO
STATE/ZIP : CA 94945
MORTGAGE AMOUNT : 398,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,104.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,785.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,620,650.00
P & I AMT: 11,578.65
UPB AMT: 1,618,242.24
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359508 MORTGAGORS: MADRID JEFFREY
MADRID SALLY
REGION CODE ADDRESS : 1500 KASHLAN ROAD
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : CA 90631
MORTGAGE AMOUNT : 408,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,204.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,891.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.07500
----------------------------------------------------------------
0 0031359649 MORTGAGORS: MILLER ARTHUR
MILLER REIKO
REGION CODE ADDRESS : 2050 UNIVERSITY AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,751.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.15700
----------------------------------------------------------------
0 0031359656 MORTGAGORS: NICHOLS SHANNON
NICHOLS ERIN
REGION CODE ADDRESS : 8500 HIHN ROAD
01 CITY : BEN LOMOND
STATE/ZIP : CA 95005
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,306.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031359714 MORTGAGORS: FOGG RICHARD
FOGG CAROLYN
REGION CODE ADDRESS : 291 FIRST STREET WEST
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,768.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031359748 MORTGAGORS: BRADY PETER
BRADY NANCY
REGION CODE ADDRESS : 914 RIO LINDO
01 CITY : SAN CLEMENTE
STATE/ZIP : CA 92672
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.41600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,000.00
P & I AMT: 10,742.92
UPB AMT: 1,541,843.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031359763 MORTGAGORS: ALI SYED
ALI ALIYA
REGION CODE ADDRESS : 9402 TIERRA BLANCA DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90603
MORTGAGE AMOUNT : 332,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,259.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 82.50600
----------------------------------------------------------------
0 0031359813 MORTGAGORS: DOYLE PATRICK
DOYLE ALLISON
REGION CODE ADDRESS : 5 THORNDALE PLACE
01 CITY : MORAGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,798.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 57.31900
----------------------------------------------------------------
0 0031359839 MORTGAGORS: WILSON RICHARD
WILSON JUDY
REGION CODE ADDRESS : 28173 ANGELICA PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 307,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,125.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99300
----------------------------------------------------------------
0 0031359938 MORTGAGORS: BARTLEY JOHN
BARTLEY MARVEL
REGION CODE ADDRESS : 18891 RIDGEWOOD LANE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,871.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.91 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 55.88500
----------------------------------------------------------------
0 0031359961 MORTGAGORS: CHEN TAO
CHEN RUEYEH
REGION CODE ADDRESS : 21601 REGNART ROAD
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 443,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 442,679.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,135.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.76300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,752,500.00
P & I AMT: 12,152.43
UPB AMT: 1,751,408.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031360043 MORTGAGORS: KEENE WALTER
REGION CODE ADDRESS : 3774 MEADOWLANDS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.96100
----------------------------------------------------------------
0 0031360050 MORTGAGORS: KAPPES KURT
KAPPES JANET
REGION CODE ADDRESS : 3243 CONQUISTADOR WAY
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,770.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,933.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031360092 MORTGAGORS: CRAUMER WILLIAM
CRAUMER SANDRA
REGION CODE ADDRESS : 65 BORDEAUX COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 306,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,554.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031360183 MORTGAGORS: LALL YUGAL
LALL KRISTINA
REGION CODE ADDRESS : 11318 ROSECREEK DRIVE
01 CITY : MOORPARK
STATE/ZIP : CA 93021
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,320.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.51000
----------------------------------------------------------------
0 0031360290 MORTGAGORS: OSTERBACK DAVID
OSTERBACK DENISE
REGION CODE ADDRESS : 6019 BLACKBIRD CT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 321,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,773.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,300.00
P & I AMT: 10,432.81
UPB AMT: 1,510,147.20
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031360316 MORTGAGORS: RUSSETT WILLIAM
RUSSETT PHYLLIS
REGION CODE ADDRESS : 7455 MINES ROAD
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 521,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,632.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,732.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.42800
----------------------------------------------------------------
0 0031360407 MORTGAGORS: HUANG QIXIN
FU ZHEN
REGION CODE ADDRESS : 16201 CHELLA DRIVE
01 CITY : HACIENDA HGTS AREA
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031360423 MORTGAGORS: MCGOVERN DANIEL
MCGOVERN WOLBERT SHARON
REGION CODE ADDRESS : 244 SOUTH PLEASANT AVENUE
01 CITY : RIDGEWOOD
STATE/ZIP : NJ 07450
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.43 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 68.55600
----------------------------------------------------------------
0 0031360498 MORTGAGORS: WALLACE TIMOTHY
WALLACE JANICE
REGION CODE ADDRESS : 3324 CAMBRIDGE COURT
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 149,882.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,023.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 52.63100
----------------------------------------------------------------
0 0031360514 MORTGAGORS: WALLIS LUKE
WALICHIEWICZ JOLANTA
REGION CODE ADDRESS : 5843 ANTIGUA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,818.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.08600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,454,000.00
P & I AMT: 10,184.64
UPB AMT: 1,453,145.70
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031360571 MORTGAGORS: MAYNARD DAVID
MAYNARD ANDREA
REGION CODE ADDRESS : 698 AUSTEN WAY
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,725.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.08300
----------------------------------------------------------------
0 0031360696 MORTGAGORS: WITT GIEL
COURPET-WITT MARIE
REGION CODE ADDRESS : 1478 VALLEY FORD FREESTONE ROAD
01 CITY : VALLEY FORD
STATE/ZIP : CA 94972
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0031360795 MORTGAGORS: LEE PHILLIP
LEE CHRISTINE
REGION CODE ADDRESS : 1 BRILLANTEZ
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.62600
----------------------------------------------------------------
0 0031360811 MORTGAGORS: LEVINE DENNIS
REGION CODE ADDRESS : 19100 PACIFIC COAST HIGHWAY
01 CITY : MALIBU
STATE/ZIP : CA 90265
MORTGAGE AMOUNT : 585,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 584,543.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,990.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 47.75500
----------------------------------------------------------------
0 0031360837 MORTGAGORS: WHITE TAMMIE
ROSENBURG STEVE
REGION CODE ADDRESS : 138 PERALTA AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.83500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,733,000.00
P & I AMT: 12,039.16
UPB AMT: 1,731,696.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031360852 MORTGAGORS: RAJU SRIKANTH
SRIKANTH APARNA
REGION CODE ADDRESS : 3267 WOODMERE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95136
MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,577.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031360878 MORTGAGORS: MICHAELIS ROBERT
MICHAELIS TERESA
REGION CODE ADDRESS : 1972 CREEK DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031360910 MORTGAGORS: BOLEN FRED
BOLEN SHANNON
REGION CODE ADDRESS : 9878 INWOOD ROAD
01 CITY : FOLSOM
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,802.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,543.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 62.33400
----------------------------------------------------------------
0 0031360928 MORTGAGORS: LYONS ERIC
LYONS SHEILA
REGION CODE ADDRESS : 140 JAMAICA STREET
01 CITY : TIBURON
STATE/ZIP : CA 94920
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.82300
----------------------------------------------------------------
0 0031360944 MORTGAGORS: CORDONI DAVID
MCCOY PATRICIA
REGION CODE ADDRESS : 280 CRYSTAL SPRINGS ROAD
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 629,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 628,544.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,452.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.96600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,948,800.00
P & I AMT: 13,481.24
UPB AMT: 1,947,320.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031360969 MORTGAGORS: EHRLICH SCOTT
REGION CODE ADDRESS : 821 3RD ST
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 407,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,682.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,776.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.94800
----------------------------------------------------------------
0 0031361165 MORTGAGORS: MAYEMURA ALLAN
MAYEMURA GRACE
REGION CODE ADDRESS : 6375 BALLANTINE PLACE
01 CITY : OAK PARK
STATE/ZIP : CA 91301
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.00700
----------------------------------------------------------------
0 0031361173 MORTGAGORS: GABLE JOHN
GABLE ELAINE
REGION CODE ADDRESS : 911 DRY CREEK ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.84700
----------------------------------------------------------------
0 0031361207 MORTGAGORS: WHITTAKER MICHAEL
HUMBERSON CORA
REGION CODE ADDRESS : 5244 PACIFIC GROVE PLACE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 394,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,656.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.99400
----------------------------------------------------------------
0 0031361256 MORTGAGORS: DY NARETH
ONG-DY VISOTHY
REGION CODE ADDRESS : 2613 ORCHARD DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 278,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,282.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,704,750.00
P & I AMT: 11,601.93
UPB AMT: 1,703,127.76
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031361306 MORTGAGORS: SUTTER GLENN
SUTTER JULIE
REGION CODE ADDRESS : 4143 MEADOW WOOD DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 259,716.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,342.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031361322 MORTGAGORS: LAM SUI
LAM YIN
REGION CODE ADDRESS : 920 ROCK CANYON DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 357,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,741.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,526.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.40000
----------------------------------------------------------------
0 0031361694 MORTGAGORS: HERTENSTEIN JOHN
HERTENSTEIN CONNIE
REGION CODE ADDRESS : 14205 WEST EVERGLADES COURT
01 CITY : CANYON COUNTRY
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 261,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,006.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
----------------------------------------------------------------
0 0031361710 MORTGAGORS: HOU FU-LIN
HOU LILY
REGION CODE ADDRESS : 271 BUSKIRK STREET
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 277,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,994.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031361843 MORTGAGORS: SIMPSON MICHAEL
REGION CODE ADDRESS : 810 HILLSIDE TERRACE
01 CITY : PASADENA
STATE/ZIP : CA 91105
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 67.70830
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,805,116.00
P & I AMT: 12,486.56
UPB AMT: 1,803,564.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031362247 MORTGAGORS: KIM PHYLLIS
REGION CODE ADDRESS : 141 PASEO DE LAS DELICIAS
01 CITY : TORRANCE (REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,698.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,539.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.36840
----------------------------------------------------------------
0 0031362270 MORTGAGORS: BROOKS GERALD
BROOKS DEBRA
REGION CODE ADDRESS : 319 WEST SOUTH AVENUE
01 CITY : REDLANDS
STATE/ZIP : CA 92373
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 74.62680
----------------------------------------------------------------
0 0031362288 MORTGAGORS: MITCHELL JOHN
REGION CODE ADDRESS : 24640 FUERTE ROAD
01 CITY : TEMECULA
STATE/ZIP : CA 92590
MORTGAGE AMOUNT : 363,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,243.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,604.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.34040
----------------------------------------------------------------
0 0031362296 MORTGAGORS: ZAIGER KIMO
ZAIGER SHARI
REGION CODE ADDRESS : 6138 LA CUMBRE ROAD
01 CITY : SOMIS
STATE/ZIP : CA 93066
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,781.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,910.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.49080
----------------------------------------------------------------
0 0031362304 MORTGAGORS: LEE JOHN
LEE NANCY
REGION CODE ADDRESS : 4319 CORONET DRIVE
01 CITY : ENCINO
STATE/ZIP : CA 91316
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.81800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,610,500.00
P & I AMT: 11,144.97
UPB AMT: 1,609,277.55
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 148
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031362312 MORTGAGORS: CHIC SHERON
REGION CODE ADDRESS : 911 CUMBERLAND COURT
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 321,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,548.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.71700
----------------------------------------------------------------
0 0031362320 MORTGAGORS: EVERETT NANCY
REGION CODE ADDRESS : 3065 SANDSTONE ROAD
01 CITY : ALAMO
STATE/ZIP : CA 94507
MORTGAGE AMOUNT : 583,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 582,567.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,076.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.21854
----------------------------------------------------------------
0 0031362338 MORTGAGORS: HARDY WILLIAM
HARDY NANCY
REGION CODE ADDRESS : 22751 TOSTON
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 369,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,661.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.79360
----------------------------------------------------------------
0 0031362353 MORTGAGORS: DEFRENZA MARCELLO
DEFRENZA ALICIA
REGION CODE ADDRESS : 17 ST. LAURENT
01 CITY : NEWPORT COAST (AREA)
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,720.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.20168
----------------------------------------------------------------
0 0031362411 MORTGAGORS: KLEPPER SAM
KLEPPER SUSAN
REGION CODE ADDRESS : 577 DORY LANE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,692.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.87000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,026,750.00
P & I AMT: 13,926.29
UPB AMT: 2,025,190.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 149
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031362429 MORTGAGORS: ZOLFARELLI PAUL
ZOLFARELLI JANICE
REGION CODE ADDRESS : 2283 SEA EAGLE COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.06400
----------------------------------------------------------------
0 0031362809 MORTGAGORS: RICKETTS ROBERT
LAPPIN SENJA
REGION CODE ADDRESS : 10463 DUNLEER DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031362817 MORTGAGORS: GEDDES CAROL
REGION CODE ADDRESS : 232 SEVENTH STREET
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,698.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,640.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.79381
----------------------------------------------------------------
0 0031362841 MORTGAGORS: ROSE ANDREW
GREEN MIRIAM
REGION CODE ADDRESS : 85 VICENTE ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94705
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,993.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0031362858 MORTGAGORS: HELD DAVID
HELD KATRINA
REGION CODE ADDRESS : 4907 TREMEZZO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,270.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.65789
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,681,500.00
P & I AMT: 11,346.86
UPB AMT: 1,680,744.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 150
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031362866 MORTGAGORS: MERESMAN JOSEPH
BOLDING CATHY
REGION CODE ADDRESS : 2736 PRINCE STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94705
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.60532
----------------------------------------------------------------
0 0031362874 MORTGAGORS: FRYMIRE BRUCE
FRYMIRE NANCY
REGION CODE ADDRESS : 2120 PROSPECT STREET
01 CITY : MENLO PARK
STATE/ZIP : CA 94025
MORTGAGE AMOUNT : 539,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 539,179.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,681.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.62580
----------------------------------------------------------------
0 0031363138 MORTGAGORS: STONE RICHARD
STONE LONA
REGION CODE ADDRESS : 805 NORTH LINDEN DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,517.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 36.11100
----------------------------------------------------------------
0 0031363161 MORTGAGORS: PATTERSON LAURA
PALAZZOLO MICHAEL
REGION CODE ADDRESS : 5050 NAGLE AVENUE
01 CITY : SHERMAN OAKS (AREA)
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,828.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.51800
----------------------------------------------------------------
0 0031363245 MORTGAGORS: RADDING JAMES
RADDING ELIZABETH
REGION CODE ADDRESS : 230 ALAMOS PLACE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,449.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,039,400.00
P & I AMT: 14,165.89
UPB AMT: 2,037,715.07
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 151
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031363526 MORTGAGORS: LAGGE LYNN
LAGGE ELAINE
REGION CODE ADDRESS : 20301 RAMONA LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.05600
----------------------------------------------------------------
0 0031363542 MORTGAGORS: GARDNER WILLIAM
GARDNER CAROL
REGION CODE ADDRESS : 4232 KERWOOD COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031363609 MORTGAGORS: MANZOOR NERCY
MANZOOR RAHEL
REGION CODE ADDRESS : 1401 WOODRUFF AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90024
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,680.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,238.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.53846
----------------------------------------------------------------
0 0031363633 MORTGAGORS: ABDALLA MICHAEL
ABDALLA JEAN
REGION CODE ADDRESS : 4022 EAST ROLLING GREEN LAKE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 532,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 531,605.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,719.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.92900
----------------------------------------------------------------
0 0031364367 MORTGAGORS: GUZMAN CARLOS
GUZMAN MICHELLE
REGION CODE ADDRESS : 421 RUMSON ROAD
01 CITY : LITTLE SILVER
STATE/ZIP : NJ 07739
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,572.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,010.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,804,750.00
P & I AMT: 12,674.76
UPB AMT: 1,803,419.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 152
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364433 MORTGAGORS: GARVEY WILLIAM
GARVEY PEGGY
REGION CODE ADDRESS : ROUTE 1 BOX 564
01 CITY : WAYNESBORO
STATE/ZIP : VA 22980
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,788.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.63800
----------------------------------------------------------------
0 0031364441 MORTGAGORS: MONTGRAIN CYNTHIA
REGION CODE ADDRESS : 705 TUPELO CROSSING
01 CITY : CHESAPEAKE
STATE/ZIP : VA 23320
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,302.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031364474 MORTGAGORS: MARKS GARY
SWEINBERG SHARON
REGION CODE ADDRESS : 190 CARNOUSTIE WAY
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 476,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 476,409.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,172.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031364482 MORTGAGORS: PRASCHNIK JACK
REGION CODE ADDRESS : 9 CARLTON DRIVE
01 CITY : MT. KISCO
STATE/ZIP : NY 10549
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,210.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,193.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.80000
----------------------------------------------------------------
0 0031364557 MORTGAGORS: VOTAW PAUL
VOTAW WENDY
REGION CODE ADDRESS : 12794 NETHERLEIGH PLACE
01 CITY : OAK HILL
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,683.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,476.63 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.99100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,866,300.00
P & I AMT: 12,502.49
UPB AMT: 1,864,393.77
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 153
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364599 MORTGAGORS: HSU MELANY
CHI BRANDON
REGION CODE ADDRESS : 12418 CLIFTON HUNT DRIVE
01 CITY : CLIFTON
STATE/ZIP : VA 20124
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 67.39100
----------------------------------------------------------------
0 0031364631 MORTGAGORS: ROSE DOUGLAS
ROSE SHARON
REGION CODE ADDRESS : 46521 HAMPSHIRE STATION DRIVE
01 CITY : STERLING
STATE/ZIP : VA 20165
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031364706 MORTGAGORS: SMITH BENJAMIN
SMITH JANET
REGION CODE ADDRESS : 834 NECTARINE AVENUE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.13636
----------------------------------------------------------------
0 0031364797 MORTGAGORS: LAMBERT ROBERT
LAMBERT TERESA
REGION CODE ADDRESS : 1005 ROBINBROOK LANE
01 CITY : WAXHAW
STATE/ZIP : NC 28173
MORTGAGE AMOUNT : 267,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,246.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031364805 MORTGAGORS: RICH JAMES
RICH BETTY
REGION CODE ADDRESS : 7856 KNIGHTSHAYES DRIVE
01 CITY : MANASSAS
STATE/ZIP : VA 20111
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,822.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.57500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,450.00
P & I AMT: 9,798.55
UPB AMT: 1,419,608.35
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 154
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031364912 MORTGAGORS: AINES PAUL
WRIGHT DIANA
REGION CODE ADDRESS : 5410 BLACKISTONE RD
01 CITY : BETHESDA
STATE/ZIP : MD 20816
MORTGAGE AMOUNT : 291,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,688.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 53.55900
----------------------------------------------------------------
0 0031364987 MORTGAGORS: DZIESIETNIK GHILAD
DZIESIETNIK MARIE
REGION CODE ADDRESS : 4097 LAGUNA WAY
01 CITY : PALO ALTO
STATE/ZIP : CA 94306
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,745.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 49.65500
----------------------------------------------------------------
0 0031365570 MORTGAGORS: STALL ALAN
REGION CODE ADDRESS : 351 I STREET
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031365604 MORTGAGORS: TAN REYNALDO
TAN LUZVIMINDA
REGION CODE ADDRESS : 1510 NEWLANDS AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,656.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,362.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.50000
----------------------------------------------------------------
0 0031365695 MORTGAGORS: D'AMBRA ANTHONY
D'AMBRA AMY
REGION CODE ADDRESS : 50 AVENIDA CORONA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,703.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.56637
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,784,900.00
P & I AMT: 12,579.92
UPB AMT: 1,783,794.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 155
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031365737 MORTGAGORS: KLECZEWSKI JAN
STRAEHLEY MARCIA
REGION CODE ADDRESS : 810 SAN LUIS ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.68165
----------------------------------------------------------------
0 0031365778 MORTGAGORS: FOUSHEE DAVID
FOUSHEE JERILYN
REGION CODE ADDRESS : 1057 VIELA COURT
01 CITY : LAFAYETTE
STATE/ZIP : CA 94549
MORTGAGE AMOUNT : 330,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,522.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,398.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031365828 MORTGAGORS: CLARK BRADLEY
CLARK KATHERINE
REGION CODE ADDRESS : 805 RIM CREST DRIVE
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : CA 91361
MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,784.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.68290
----------------------------------------------------------------
0 0031365836 MORTGAGORS: WIESMANN ERICH
WIESMANN ERIKA
REGION CODE ADDRESS : 3605 SKYVIEW DRIVE
01 CITY : AUBURN
STATE/ZIP : CA 95602
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,833.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.03300
----------------------------------------------------------------
0 0031365877 MORTGAGORS: CORTEZ WILFREDO
CORTEZ GAUDENCIA
REGION CODE ADDRESS : 1460 PEACHWOOD COURT
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 303,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,780.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,144.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.46511
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,950.00
P & I AMT: 10,411.11
UPB AMT: 1,470,120.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 156
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031365893 MORTGAGORS: LOCKIE STEPHEN
LOCKIE TARA
REGION CODE ADDRESS : 4122 LOWELL AVENUE,LA CRESCENTA (AR
01 CITY : GLENDALE
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,248.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,200.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031365992 MORTGAGORS: COLVIN GARY
COLVIN CAROLYN
REGION CODE ADDRESS : 2129 VIA MONSERATE
01 CITY : FALLBROOK
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 401,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,952.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,805.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031366040 MORTGAGORS: LEE CHU-EN
LEE CHIA-CHEN
REGION CODE ADDRESS : 6618 MT. FOREST DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,260.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031366073 MORTGAGORS: YEH TONY
YEH TONIA
REGION CODE ADDRESS : 902 GOVERNORS BAY DRIVE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 521,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 520,863.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,644.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031366537 MORTGAGORS: CONNELL BLAKE
CONNELL AMY
REGION CODE ADDRESS : 1508 BARTON DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,678.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,810.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,979,500.00
P & I AMT: 13,715.82
UPB AMT: 1,978,003.04
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 157
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031366586 MORTGAGORS: SAAR ASAF
REGION CODE ADDRESS : 5220 MARMOL DRIVE
01 CITY : WOODLAND HILLS AREA
STATE/ZIP : CA 91364
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,600.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031366701 MORTGAGORS: STERN ROBERT
STERN TERESA
REGION CODE ADDRESS : 9 RICHARDS ROAD
01 CITY : PORT WASHINGTON
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 475,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,160.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 57.99700
----------------------------------------------------------------
0 0031366727 MORTGAGORS: MIHOULIDES CRAIG
MIHOULIDES SUSAN
REGION CODE ADDRESS : 7 DE RIDDER COURT
01 CITY : MIDDLETOWN
STATE/ZIP : NJ 07748
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031366735 MORTGAGORS: LUCHESSA DONALD
LUCHESSA GAYLE
REGION CODE ADDRESS : 2740 HERRADURA
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,215.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,552.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031366792 MORTGAGORS: DANIELS JAMES
DANIELS PEGGY
REGION CODE ADDRESS : 1720 SPRING HILL ROAD
01 CITY : PETALUMA
STATE/ZIP : CA 94952
MORTGAGE AMOUNT : 497,227.27 OPTION TO CONVERT :
UNPAID BALANCE : 496,831.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,503.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 04/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.66300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,803,627.27
P & I AMT: 12,417.67
UPB AMT: 1,802,398.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 158
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031366859 MORTGAGORS: THOMAS LISA
SWANSON SUSAN
REGION CODE ADDRESS : 16 VALLEY VIEW LANE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 632,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 632,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,527.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031367170 MORTGAGORS: COLLISTER ROBERT
OTT CAROL
REGION CODE ADDRESS : 5799 ATHENOUR COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.87200
----------------------------------------------------------------
0 0031367345 MORTGAGORS: DAVIDGE RONALD
DAVIDGE KIM
REGION CODE ADDRESS : 25600 CHIQUITO PLACE
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,703.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031367378 MORTGAGORS: KOKINAKES PAUL
KOKINAKES CAROL
REGION CODE ADDRESS : 35 RAVEN LANE
01 CITY : ALISO VIEJO (AREA)
STATE/ZIP : CA 92656
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0031367477 MORTGAGORS: LANGFORD RAYMOND
LANGFORD LOUISE
REGION CODE ADDRESS : 5194 SHADOW ESTATES
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,376.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,823,000.00
P & I AMT: 12,815.71
UPB AMT: 1,821,897.62
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 159
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031367493 MORTGAGORS: SCHALLER ANNA
REGION CODE ADDRESS : 2809 DAYLILY COURT
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 239,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,789.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98600
----------------------------------------------------------------
0 0031367576 MORTGAGORS: CHACLAS ANGELO
CHACLAS MONICA
REGION CODE ADDRESS : 471 OLD POVERTY ROAD
01 CITY : SOUTHBURY
STATE/ZIP : CT 06488
MORTGAGE AMOUNT : 344,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,224.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,525.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031367634 MORTGAGORS: ANTOINE ERIC
ANTOINE CHRISTINE
REGION CODE ADDRESS : 1124 NORTH HOWARD STREET
01 CITY : GLENDALE
STATE/ZIP : CA 91207
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 : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031367915 MORTGAGORS: REA JOHN
REA PRISCILLA
REGION CODE ADDRESS : 26712 AVENIDA LAS PALMAS
01 CITY : DANA POINT
STATE/ZIP : CA 92624
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,590.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.52600
----------------------------------------------------------------
0 0031368004 MORTGAGORS: BRENGLE PAUL
BRENGLE SUSAN
REGION CODE ADDRESS : 721 N. JUANITA AVENUE #A
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90277
MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,200.00
P & I AMT: 9,970.29
UPB AMT: 1,406,627.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 160
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031368020 MORTGAGORS: FRENCH JAMES
LEY ANA
REGION CODE ADDRESS : 1419 BEDFORD AVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,741.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,433.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.08839
----------------------------------------------------------------
0 0031368046 MORTGAGORS: MOY YOCK
KUANG HUI
REGION CODE ADDRESS : 2150 ORTEGA STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94122
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,753.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,155.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 89.72100
----------------------------------------------------------------
0 0031368335 MORTGAGORS: PETERS STEVEN
PETERS KIMBERLY
REGION CODE ADDRESS : 2629 N. HALSTEAD AVENUE #4
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 332,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031370323 MORTGAGORS: BARTHOLF STEPHEN
BARTHOLF KAREN
REGION CODE ADDRESS : 536 E CONSTITUTION
01 CITY : GILBERT
STATE/ZIP : AZ 85296
MORTGAGE AMOUNT : 286,947.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,947.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031370687 MORTGAGORS: SHAOLIAN NOORY
REGION CODE ADDRESS : 4001 MESA STREET
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,777.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,023.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 71.46300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,576,447.00
P & I AMT: 10,972.43
UPB AMT: 1,575,719.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 161
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031370919 MORTGAGORS: HUANG SAMSON
HUANG JAR-LING
REGION CODE ADDRESS : 16542 BLACKBURN DRIVE
01 CITY : LA MIRADA
STATE/ZIP : CA 90638
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.00000
----------------------------------------------------------------
0 0031370950 MORTGAGORS: BURSON BRENT
BURSON SUSAN
REGION CODE ADDRESS : 14935 SOUTHEAST 117TH AVENUE
01 CITY : CLACKAMAS
STATE/ZIP : CA 97015
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,344.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.26 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 79.42800
----------------------------------------------------------------
0 0031370968 MORTGAGORS: ALLISON DAVID
ALLISON SANDRA
REGION CODE ADDRESS : 2218 TAHITI DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031370992 MORTGAGORS: KRAMM OTTO
KRAMM JILLIAN
REGION CODE ADDRESS : 105 THIRD STREET
01 CITY : SPRECKELS
STATE/ZIP : CA 93962
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031371016 MORTGAGORS: NANKO JAMES
REGION CODE ADDRESS : 505 21ST STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,768.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 71.73900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,391,000.00
P & I AMT: 9,506.80
UPB AMT: 1,387,495.83
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 162
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031371024 MORTGAGORS: JENKINS CHRISTOPHER
JENKINS NEDRA
REGION CODE ADDRESS : 104 FAIRLANE ROAD
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,706.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,381.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.17021
----------------------------------------------------------------
0 0031371073 MORTGAGORS: DAVIS PAUL
DAVIS RHONDA
REGION CODE ADDRESS : 549 BUTTONWOOD DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 73.26007
----------------------------------------------------------------
0 0031371081 MORTGAGORS: HOGAN CHARLES
HOGAN JEANENE
REGION CODE ADDRESS : 15965 BROAD OAKS ROAD
01 CITY : EL CAJON
STATE/ZIP : CA 92021
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 : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031371099 MORTGAGORS: DOWNS CAROL
REGION CODE ADDRESS : 19 EASTRIDGE DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031371180 MORTGAGORS: SOBEL WILLIAM
SOBEL ANGELA
REGION CODE ADDRESS : 9164 EVERGREEN DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 238,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,927.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 84.76800
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,632,200.00
P & I AMT: 11,074.53
UPB AMT: 1,631,061.57
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 163
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031371198 MORTGAGORS: CHALIAN RAFFI
CHALIAN ANUSH
REGION CODE ADDRESS : 1481 BELGREEN DRIVE
01 CITY : WHITTIER
STATE/ZIP : CA 90601
MORTGAGE AMOUNT : 247,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.31300
----------------------------------------------------------------
0 0031371610 MORTGAGORS: PEREZ GUADALUPE
PEREZ DANA
REGION CODE ADDRESS : 4467 CENTRAL AVENUE
01 CITY : FREMONT
STATE/ZIP : CA 94536
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,824.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031374002 MORTGAGORS: SCHULTZ MARK
SCHULTZ SUSAN
REGION CODE ADDRESS : 4 ROLLINGWOOD DRIVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
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 : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031374044 MORTGAGORS: PHELPS-SANDALL BARBARA
SANDALL KENNETH
REGION CODE ADDRESS : 16201 SHANNON ROAD
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 649,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,489.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.85700
----------------------------------------------------------------
0 0031374069 MORTGAGORS: ROGERS DOUGLAS
PARRIS ANNE
REGION CODE ADDRESS : 860 SUNNYHILLS ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.88461
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,696,300.00
P & I AMT: 11,743.94
UPB AMT: 1,695,872.51
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 164
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031374465 MORTGAGORS: MOCKLER DONALD
MOCKLER JOAN
REGION CODE ADDRESS : 29 SILKWOOD
01 CITY : (ALISO VIEJO AREA), ORANG
STATE/ZIP : CA 92656
MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,012.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 81.35483
----------------------------------------------------------------
0 0031374697 MORTGAGORS: DAMERY PATRICIA
HARMS DONALD
REGION CODE ADDRESS : 3185 DRY CREEK ROAD
01 CITY : NAPA
STATE/ZIP : CA 94558
MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,338.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 45.50000
----------------------------------------------------------------
0 0031374804 MORTGAGORS: HERNDON D
REGION CODE ADDRESS : 204 TRAVIS, UNIT 6E
01 CITY : HOUSTON
STATE/ZIP : TX 77002
MORTGAGE AMOUNT : 264,299.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,299.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99900
----------------------------------------------------------------
0 0031375983 MORTGAGORS: WINFIELD BRUCE
WINFIELD JODY
REGION CODE ADDRESS : 67 FLINT DRIVE
01 CITY : LAKE BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.60200
----------------------------------------------------------------
0 0031376031 MORTGAGORS: HAHN ALAN
HAHN MARIA
REGION CODE ADDRESS : 11847 SEAGLASS COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,208.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,494,899.00
P & I AMT: 10,587.19
UPB AMT: 1,494,520.06
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 165
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031376148 MORTGAGORS: MANTON ROBERT
MANTON REBECCA
REGION CODE ADDRESS : 103 MEADOWCREEK ROAD
01 CITY : BREA
STATE/ZIP : CA 92821
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 : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031376221 MORTGAGORS: CACHO PAUL
REGION CODE ADDRESS : 27 FLOWER STREET
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,830.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031376767 MORTGAGORS: BENNING ROCHELLE
SCANLON BRUCE
REGION CODE ADDRESS : 3625-3627-3629 23RD STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94110
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 440,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,076.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031377781 MORTGAGORS: MILES CEDRIC
MILES MARY
REGION CODE ADDRESS : 3363 DOVER ROAD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,733.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031377799 MORTGAGORS: DEVINCENZI MARK
DEVINCENZI MARY
REGION CODE ADDRESS : 2548 CHINOOK DRIVE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94598
MORTGAGE AMOUNT : 291,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,038.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.40476
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,500.00
P & I AMT: 10,700.96
UPB AMT: 1,526,064.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 166
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031377856 MORTGAGORS: HEINO CHARLES
HEINO NANCY
REGION CODE ADDRESS : 12105 CENTER AVENUE
01 CITY : SAN MARTIN
STATE/ZIP : CA 95046
MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,690.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,029.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.79300
----------------------------------------------------------------
0 0031377922 MORTGAGORS: IRVINE STEVEN
IRVINE KATHLEEN
REGION CODE ADDRESS : 33 BELVEDERE AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.07100
----------------------------------------------------------------
0 0031377971 MORTGAGORS: CARROLL DARLA
REGION CODE ADDRESS : 280 FAWN DRIVE
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,695.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.14400
----------------------------------------------------------------
0 0031378011 MORTGAGORS: STETSON ELIZABETH
REGION CODE ADDRESS : 102 CONCORD CIRCLE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,299.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.73500
----------------------------------------------------------------
0 0031378490 MORTGAGORS: WALLER JOHN
WALLER GALE
REGION CODE ADDRESS : 5502 SPINNAKER PT
01 CITY : PARKVILLE
STATE/ZIP : MO 64152
MORTGAGE AMOUNT : 272,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,047.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.64400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,627,750.00
P & I AMT: 11,307.86
UPB AMT: 1,626,525.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 167
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031378508 MORTGAGORS: CATER JEFFREY
CATER LESLIE
REGION CODE ADDRESS : 9140 WELLINGTON PLACE
01 CITY : WALDORF
STATE/ZIP : MD 20603
MORTGAGE AMOUNT : 267,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,596.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98736
----------------------------------------------------------------
0 0031378532 MORTGAGORS: HUMES RICHARD
HUMES CARMEN
REGION CODE ADDRESS : 1597 HEATHERWOOD DR.
01 CITY : TROY
STATE/ZIP : MI 48098
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,924.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.56000
----------------------------------------------------------------
0 0031378607 MORTGAGORS: GOODMAN ALAN
REGION CODE ADDRESS : 460 SOUTH LAFAYETTE STREET
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 279,559.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,559.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.99900
----------------------------------------------------------------
0 0031378672 MORTGAGORS: HOPPENRATH JOHN
HOPPENRATH AMY
REGION CODE ADDRESS : 2260 RICHFIELD ROAD
01 CITY : LIBERTY
STATE/ZIP : MO 64068
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,806.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,889.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.96100
----------------------------------------------------------------
0 0031378714 MORTGAGORS: HAYES GERARD
HAYES KERRY
REGION CODE ADDRESS : 35 MEETING HILL LANE
01 CITY : HANOVER
STATE/ZIP : MA 02339
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.17000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,296,459.00
P & I AMT: 9,103.25
UPB AMT: 1,295,717.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 168
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031378771 MORTGAGORS: WU TIEN
LIU-WU JEANNY
REGION CODE ADDRESS : 3781 FAIRWAY DRIVE
01 CITY : WOODBURY
STATE/ZIP : MN 55125
MORTGAGE AMOUNT : 330,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,292.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,254.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.07800
----------------------------------------------------------------
0 0031378805 MORTGAGORS: STEWART LYGIA
REGION CODE ADDRESS : 2476 20TH AVENUE
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94116
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,762.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,321.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031378847 MORTGAGORS: DUPUIS GARY
MANN VIRGINIA
REGION CODE ADDRESS : 3004 NORMANDY PLACE
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 365,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 365,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,462.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0031378854 MORTGAGORS: SIRIANI CYNTHIA
REGION CODE ADDRESS : 1942 SANTIAGO DRIVE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92660
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 600,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,298.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.72700
----------------------------------------------------------------
0 0031378870 MORTGAGORS: KAHAN DAVID
KAHAN MARLA
REGION CODE ADDRESS : 2212 CHATSWORTH COURT
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 603,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 603,255.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,016.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,227,800.00
P & I AMT: 15,354.17
UPB AMT: 2,226,809.86
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 169
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031378904 MORTGAGORS: GRACE R.
REGION CODE ADDRESS : 5317 NORTH 40TH STREET
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
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 : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 48.64900
----------------------------------------------------------------
0 0031378920 MORTGAGORS: JACKSON WILLIAM
JACKSON PAMELA
REGION CODE ADDRESS : 1726 LAKE GRASSLAND WEST
01 CITY : GALLATIN
STATE/ZIP : TN 37066
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.68200
----------------------------------------------------------------
0 0031378938 MORTGAGORS: ALBANO JOHN
ALBANO PATRICIA
REGION CODE ADDRESS : 238 PROMENADE LANE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.59400
----------------------------------------------------------------
0 0031378953 MORTGAGORS: HENDERSON LISA
ALLEN JOAN
REGION CODE ADDRESS : 171 CRESCENT ROAD
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 479,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 478,653.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,390.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.84300
----------------------------------------------------------------
0 0031378979 MORTGAGORS: JENSEN JENNIFER
REGION CODE ADDRESS : 42 PEMBROKE LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.96100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,626,000.00
P & I AMT: 11,321.42
UPB AMT: 1,625,653.32
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 170
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031379035 MORTGAGORS: CHEEVERS JOHN
D'CRUZ SHEILA
REGION CODE ADDRESS : 1919 WEST POTOMAC AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60622
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,362.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031380199 MORTGAGORS: ANDERSON STEPHEN
COVENEY JOANN
REGION CODE ADDRESS : 91 HILLVIEW DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 397,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,189.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,711.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.97900
----------------------------------------------------------------
0 0031380306 MORTGAGORS: THOMASSEN JAMES
THOMASSEN JOY
REGION CODE ADDRESS : 18132 PIONEER COURT
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,048.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.10500
----------------------------------------------------------------
0 0031380835 MORTGAGORS: VALACAK FRANK
TRIPODI MERYL
REGION CODE ADDRESS : 1727 STEINHART AVENUE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 285,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031381650 MORTGAGORS: GROSS ANDREW
GROSS LYNN
REGION CODE ADDRESS : 547 OLIVIA WAY
01 CITY : LAFAYETTE HILL
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.87200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,567,800.00
P & I AMT: 10,777.26
UPB AMT: 1,567,489.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 171
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031381908 MORTGAGORS: HILTON JOHN
HILTON JULIA
REGION CODE ADDRESS : 131 MOFFETT ROAD
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.89300
----------------------------------------------------------------
0 0031384423 MORTGAGORS: ROBERTS KENNETH
REGION CODE ADDRESS : 4070 DIXIANA COURT
01 CITY : ROCHESTER
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,612.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031384761 MORTGAGORS: SAMBRAILO JOHN
SAMBRAILO DEBBIE
REGION CODE ADDRESS : 1245 LAGUNA AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,794.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,936.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.67000
----------------------------------------------------------------
0 0031384803 MORTGAGORS: SHUM WING
REGION CODE ADDRESS : 3589 DEEDHAM DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,827.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.07800
----------------------------------------------------------------
0 0031384878 MORTGAGORS: STURGEON GERALD
STURGEON NANCY
REGION CODE ADDRESS : 21152 AMBERWICK LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 100,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 99,927.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 707.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 37.73500
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,367,800.00
P & I AMT: 9,550.16
UPB AMT: 1,367,162.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 172
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031384951 MORTGAGORS: MORREAL GARY
MORREAL SUSAN
REGION CODE ADDRESS : 1611 CALLE PLUMERIAS
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,610.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031384969 MORTGAGORS: MURPHY MICHAEL
MURPHY CATHLEEN
REGION CODE ADDRESS : 28 GRANITE COURT
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 566,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 565,590.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,006.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.19400
----------------------------------------------------------------
0 0031384993 MORTGAGORS: MOAVENZADEH FARAH
REGION CODE ADDRESS : 3045 JACKSON STREET #401
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94115
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.43600
----------------------------------------------------------------
0 0031385107 MORTGAGORS: PELOQUIN PAUL
PELOQUIN DEBORAH
REGION CODE ADDRESS : 21 RAVEN ROAD
01 CITY : SAN ANSELMO
STATE/ZIP : CA 94960
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,740.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.56700
----------------------------------------------------------------
0 0031385149 MORTGAGORS: CARROLL LESLIE
REGION CODE ADDRESS : 282 MORNING SUN AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.28600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,770,800.00
P & I AMT: 12,388.98
UPB AMT: 1,769,941.28
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 173
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031385164 MORTGAGORS: BARR RICHARD
REGION CODE ADDRESS : 2650 EAST LAKESIDE AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.48900
----------------------------------------------------------------
0 0031385206 MORTGAGORS: HARRIS RANDALL
PEREZ-HARRIS PATRICIA
REGION CODE ADDRESS : 4425 ALLA ROAD UNIT # 3
01 CITY : LOS ANGELES
STATE/ZIP : CA 90292
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031385230 MORTGAGORS: DESAI HEMANT
DESAI SADHANA
REGION CODE ADDRESS : 300 CALDECOTT LANE #219
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 147,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 147,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,006.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 74.53200
----------------------------------------------------------------
0 0031387160 MORTGAGORS: WALL WILLIAM
WALL MARY JOAN
REGION CODE ADDRESS : 59 OAK RIDGE DRIVE
01 CITY : VOORHEES
STATE/ZIP : NJ 08043
MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,562.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031387186 MORTGAGORS: GIBSON ALBERT
KLINGE-GIBSON KATHERINE
REGION CODE ADDRESS : 3731 NORTH HERMOSA PLACE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 356,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.78700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,450.00
P & I AMT: 9,094.17
UPB AMT: 1,310,072.73
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 174
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031387194 MORTGAGORS: LAIRD LAWRENCE
LAIRD MIRIAM
REGION CODE ADDRESS : 27721 HORSESHOE BEND
01 CITY : SAN JUAN CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 420,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.49000
----------------------------------------------------------------
0 0031387228 MORTGAGORS: GRADNEY MARK
GRADNEY SUSAN
REGION CODE ADDRESS : 237 MICHELE CIRCLE
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,318.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 91.60700
----------------------------------------------------------------
0 0031387236 MORTGAGORS: SCUBLA MARIO
SCUBLA KATHY
REGION CODE ADDRESS : 1 NICE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.87300
----------------------------------------------------------------
0 0031387251 MORTGAGORS: DAVITT VINCENT
WALKER MONICA
REGION CODE ADDRESS : 959 REGENT PARK DRIVE
01 CITY : LA CANADA FLINTRIDGE
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 466,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 466,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,221.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031388275 MORTGAGORS: PAZOUKI BRUCE
HATAM ZAHRA
REGION CODE ADDRESS : 24162 SNIPE LANE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,809,900.00
P & I AMT: 12,595.63
UPB AMT: 1,809,718.96
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 175
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031388929 MORTGAGORS: JAMES PETER
JAMES ANN
REGION CODE ADDRESS : 9392 SWAN LAKE DRIVE
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99200
----------------------------------------------------------------
0 0031389455 MORTGAGORS: SILVERSTEIN WILLIAM
PARIS SILVERSTEIN JERYL
REGION CODE ADDRESS : 277 BAY BERRY LANE
01 CITY : WESTPORT
STATE/ZIP : CT 06880
MORTGAGE AMOUNT : 280,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.25500
----------------------------------------------------------------
0 0031389737 MORTGAGORS: BICKLER JAMES
BICKLER KAREN
REGION CODE ADDRESS : 669 HIGHLINE DRIVE
01 CITY : HOOD RIVER
STATE/ZIP : OR 97031
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,012.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.41176
----------------------------------------------------------------
0 0031390149 MORTGAGORS: DUNCAN J
DUNCAN SYLVIA
REGION CODE ADDRESS : 247 OAK COURT
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.04800
----------------------------------------------------------------
0 0031390867 MORTGAGORS: SMITH MARK
REGION CODE ADDRESS : 9550 VANCOUVER LANE
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,319.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 76.76923
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,401,600.00
P & I AMT: 9,722.80
UPB AMT: 1,401,200.27
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 176
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031391436 MORTGAGORS: SHUTTLEWORTH NANCY
REGION CODE ADDRESS : 22482 FORMENTOR 15
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 175,869.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,230.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031391469 MORTGAGORS: SADAT ABDUL
SADAT SHINKAY
REGION CODE ADDRESS : 23731 GOLDRUSH DRIVE
01 CITY : DIAMOND BAR
STATE/ZIP : CA 91765
MORTGAGE AMOUNT : 293,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,226.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,026.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.24300
----------------------------------------------------------------
0 0031391477 MORTGAGORS: HANSEN THOMAS
HANSEN MAUREEN
REGION CODE ADDRESS : 16177 ALCIMA AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,604.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,591.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.23900
----------------------------------------------------------------
0 0031391527 MORTGAGORS: HECHT THOMAS
REGION CODE ADDRESS : 5 PALM COURT
01 CITY : LARKSPUR
STATE/ZIP : CA 94939
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,657.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,108.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0031391550 MORTGAGORS: MOORE WILLIAM
REGION CODE ADDRESS : 24 CALLE DE PRINCESA
01 CITY : COTO DE CAZA AREA
STATE/ZIP : CA 92679
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,700.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,817.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.62900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,842,450.00
P & I AMT: 12,774.79
UPB AMT: 1,841,058.91
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 177
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031391758 MORTGAGORS: SCHMIDT JACK
SCHMIDT MARY
REGION CODE ADDRESS : 4667 TELESCOPE AVENUE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,782.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,832.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.84000
----------------------------------------------------------------
0 0031391790 MORTGAGORS: GOVI JOHN
GOVI KATHLEEN
REGION CODE ADDRESS : 1 VERBENA COURT
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 493,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,115.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,366.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0031391865 MORTGAGORS: DICKERSON ROBERT
DICKERSON LORETTA
REGION CODE ADDRESS : 73 GOLDEN GLEN DRIVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 377,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,519.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.70800
----------------------------------------------------------------
0 0031391881 MORTGAGORS: PINKARD ROBERT
REGION CODE ADDRESS : 8414 EMPIRE GRADE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 168,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 167,875.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,174.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.74100
----------------------------------------------------------------
0 0031392475 MORTGAGORS: COHN LEWIS
COHN SUSAN
REGION CODE ADDRESS : 304 STONEBRIDGE ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 70.52600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,579,300.00
P & I AMT: 10,889.26
UPB AMT: 1,578,292.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 178
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031392574 MORTGAGORS: WHITTAKER THOMAS
WHITTAKER LISSA
REGION CODE ADDRESS : 1001 W. 65TH ST
01 CITY : KANSAS CITY
STATE/ZIP : MO 64113
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 88.88800
----------------------------------------------------------------
0 0031393739 MORTGAGORS: FLAX ROSS
FLAX SANDRA
REGION CODE ADDRESS : 13338 PIPES LANE
01 CITY : WEST FRIENDSHIP
STATE/ZIP : MD 21784
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,428.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,684.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031393887 MORTGAGORS: CREEK ALAN
CREEK REBECCA
REGION CODE ADDRESS : 12609 BALLENTINE
01 CITY : OVERLAND PARK
STATE/ZIP : KS 66219
MORTGAGE AMOUNT : 340,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.99400
----------------------------------------------------------------
0 0031393929 MORTGAGORS: DEGHETTO JOHN
DEGHETTO SUSAN
REGION CODE ADDRESS : 59 MANOR DRIVE
01 CITY : RAMSEY
STATE/ZIP : NJ 07446
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,738.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,755.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031393952 MORTGAGORS: DESPINS MEREDITH
DESPINS GARY
REGION CODE ADDRESS : 39 FOREST STREET
01 CITY : KINGSTON
STATE/ZIP : MA 02364
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,720.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.76600
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,758,100.00
P & I AMT: 12,250.11
UPB AMT: 1,756,986.85
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 179
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031394216 MORTGAGORS: FOSTER RONALD
FOSTER ELIZABETH
REGION CODE ADDRESS : 64 TAYLOR DRIVE
01 CITY : FAIRFAX
STATE/ZIP : CA 94930
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,018.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.50000
----------------------------------------------------------------
0 0031394406 MORTGAGORS: JONES WARD
MOON JADE
REGION CODE ADDRESS : 2095 ALIALI PLACE
01 CITY : HONOLULU
STATE/ZIP : HI 96821
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.75700
----------------------------------------------------------------
0 0031394455 MORTGAGORS: GRIEP STANLEY
GRIEP JOANNE
REGION CODE ADDRESS : 4368 OMAO ROAD
01 CITY : KOLOA
STATE/ZIP : HI 96756
MORTGAGE AMOUNT : 110,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 109,918.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 769.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 33.63900
----------------------------------------------------------------
0 0031394497 MORTGAGORS: LUM RODNEY
LUM DONNA
REGION CODE ADDRESS : 2195 HIKINO STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96821
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 62.99200
----------------------------------------------------------------
0 0031394554 MORTGAGORS: TAM ALLAN
TAM BETTY
REGION CODE ADDRESS : 1079 KAOOPULU PLACE
01 CITY : HONOLULU
STATE/ZIP : HI 96825
MORTGAGE AMOUNT : 411,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 410,694.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.39200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,672,200.00
P & I AMT: 11,679.66
UPB AMT: 1,671,260.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 180
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031394646 MORTGAGORS: CHEUNG CHUN
CHEUNG OI
REGION CODE ADDRESS : 3313 MONSARRAT AVENUE
01 CITY : HONOLULU
STATE/ZIP : HI 96815
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 54.54500
----------------------------------------------------------------
0 0031395064 MORTGAGORS: SHUCK JOHN
SHUCK GINA
REGION CODE ADDRESS : 811 OAK RIDGE RD
01 CITY : ROSEMONT
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.12 OUTSIDE CONV DATE :
LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 6.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031395825 MORTGAGORS: HIEMSTRA RONNIE
HIEMSTRA VICTORIA
REGION CODE ADDRESS : 4621 E STARVIEW DRIVE
01 CITY : SPRINGFIELD
STATE/ZIP : MO 65809
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,805.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.89900
----------------------------------------------------------------
0 0031395858 MORTGAGORS: SPENCE KENNETH
SPENCE MARGARET
REGION CODE ADDRESS : 117 SUMMIT POINT COURT
01 CITY : CHAPIN
STATE/ZIP : SC 29036
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,287.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031395916 MORTGAGORS: HAMACHER SAMUEL
HAMACHER JILL
REGION CODE ADDRESS : 948 KINGSCOVE COURT
01 CITY : TOWN & COUNTRY
STATE/ZIP : MO 63017
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,529.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,600.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,844,500.00
P & I AMT: 12,645.01
UPB AMT: 1,843,388.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 181
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031395924 MORTGAGORS: SAMPLE ROBERT
SAMPLE KAROL-ANN
REGION CODE ADDRESS : 11 JUNIPER DRIVE
01 CITY : KINGSTON
STATE/ZIP : MA 02364
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,233.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.69200
----------------------------------------------------------------
0 0031395957 MORTGAGORS: SALANT ABNER
SALANT PRISCILLA
REGION CODE ADDRESS : 20 BOWEN CIRCLE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.00000
----------------------------------------------------------------
0 0031395973 MORTGAGORS: CONARD J
CONARD A
REGION CODE ADDRESS : 13108 SE SPRING MOUNTAIN DRIVE
01 CITY : PORTLAND
STATE/ZIP : OR 97236
MORTGAGE AMOUNT : 297,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031399256 MORTGAGORS: LENNON WILLIAM
LENNON GAIL
REGION CODE ADDRESS : 5 CHARLESTON DRIVE
01 CITY : HUNTINGTON
STATE/ZIP : NY 11743
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.28900
----------------------------------------------------------------
0 0031400609 MORTGAGORS: LONGO MICHAEL
LONGO NANCY
REGION CODE ADDRESS : 40872 COVENTRY RD
01 CITY : NOVI
STATE/ZIP : MI 48375
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.38700
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,375,000.00
P & I AMT: 9,676.52
UPB AMT: 1,374,621.84
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 182
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031400633 MORTGAGORS: LOPEZ DENNIS
LOPEZ THERESA
REGION CODE ADDRESS : 415 EAST BUTTONWOOD DRIVE
01 CITY : BREA
STATE/ZIP : CA 92821
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031400799 MORTGAGORS: PAUL JAMES
PAUL DONNA
REGION CODE ADDRESS : RR-1 BOX 198
01 CITY : PARIS
STATE/ZIP : MO 62575
MORTGAGE AMOUNT : 93,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 93,730.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 655.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.04000
----------------------------------------------------------------
0 0031400864 MORTGAGORS: ZUCKERMAN JOSEPH
ZUCKERMAN SHERRIE
REGION CODE ADDRESS : 2 PROMENADE AT LIONSPAW
01 CITY : DAYTONA BEACH
STATE/ZIP : FL 32124
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.69800
----------------------------------------------------------------
0 0031402209 MORTGAGORS: SCHUTTER KRAIG
SCHUTTER KORINE
REGION CODE ADDRESS : 816 HONEYSUCKLE CIRCLE
01 CITY : MIDLAND
STATE/ZIP : MI 48642
MORTGAGE AMOUNT : 248,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031403454 MORTGAGORS: RYAN GERALD
RYAN PEGGY
REGION CODE ADDRESS : 440 N GORSUCH RD
01 CITY : WESTMINSTER
STATE/ZIP : MD 21157
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 130,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 920.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 37.14200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 978,600.00
P & I AMT: 6,918.42
UPB AMT: 978,530.39
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 183
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031403512 MORTGAGORS: CORAY LAURANT
BOGDAN-CORAY SUSAN
REGION CODE ADDRESS : 7312 SOUTHEAST YAMHILL STREET
01 CITY : PORTLAND
STATE/ZIP : OR 97215
MORTGAGE AMOUNT : 157,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 157,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,138.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.76100
----------------------------------------------------------------
0 0031403751 MORTGAGORS: PEACHA RICHARD
PEACHA NANCY
REGION CODE ADDRESS : 7800 WEST 96TH STREET
01 CITY : BLOOMINGTON
STATE/ZIP : MN 55438
MORTGAGE AMOUNT : 354,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,673.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.69400
----------------------------------------------------------------
0 0031403785 MORTGAGORS: AUTRY GREGORY
AUTRY KATHLEEN
REGION CODE ADDRESS : 15024 260TH AVENUE SE
01 CITY : ISSAQUAH
STATE/ZIP : WA 98027
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 67.00000
----------------------------------------------------------------
0 0031404759 MORTGAGORS: MONTGOMERY DAVID
MONTGOMERY DIANE
REGION CODE ADDRESS : 11080 DRYDEN DRIVE
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 65.81700
----------------------------------------------------------------
0 0031404833 MORTGAGORS: FERRELL JAMES
FERRELL KATHY
REGION CODE ADDRESS : 1037 BLUE HERON POINT
01 CITY : BIRMINGHAM
STATE/ZIP : AL 35242
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,800.00
P & I AMT: 10,328.75
UPB AMT: 1,489,673.64
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 184
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031405301 MORTGAGORS: FRENCH KAREN
WARNKE TODD
REGION CODE ADDRESS : 1637 SOUTH CORONA STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 86.37600
----------------------------------------------------------------
0 0031405350 MORTGAGORS: MALIGAYA NOEL
MALIGAYA LOIDA
REGION CODE ADDRESS : 1002 WRENS GATE
01 CITY : MUNDELEIN
STATE/ZIP : IL 60060
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,677.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031405483 MORTGAGORS: CARNER BRIAN
CARNER MICHELLE
REGION CODE ADDRESS : 223 WEST SLADE STREET
01 CITY : PALATINE
STATE/ZIP : IL 60067
MORTGAGE AMOUNT : 234,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,359.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.23333
----------------------------------------------------------------
0 0031407273 MORTGAGORS: ROOT GREGORY
ROOT KJERSTIN
REGION CODE ADDRESS : 3406 MAGNOLIA BLVD WEST
01 CITY : SEATTLE
STATE/ZIP : WA 98199
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,581.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031407372 MORTGAGORS: FLEMING JOHN
FLEMING MARCIA
REGION CODE ADDRESS : 1764 KLATT DRIVE
01 CITY : CARSON CITY
STATE/ZIP : NV 89701
MORTGAGE AMOUNT : 134,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 134,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 986.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.87400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,068,250.00
P & I AMT: 7,554.50
UPB AMT: 1,067,417.82
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 185
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031407695 MORTGAGORS: KEANE KEVIN
REGION CODE ADDRESS : 1 FEDERAL STREET
01 CITY : NEWBURYPORT
STATE/ZIP : MA 01950
MORTGAGE AMOUNT : 257,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,892.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99000
----------------------------------------------------------------
0 0031407786 MORTGAGORS: FOGLIO DOLORES
DRESNER GAIL
REGION CODE ADDRESS : 18376 SOUTH UPPER HIGHLAND ROAD
01 CITY : BEAVERCREEK
STATE/ZIP : OR 97004
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,742.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.74400
----------------------------------------------------------------
0 0031407828 MORTGAGORS: REID SCOTT
REID SHERRY
REGION CODE ADDRESS : 3611 E NAMBE COURT
01 CITY : PHOENIX
STATE/ZIP : AZ 85044
MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,293.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.96300
----------------------------------------------------------------
0 0031410947 MORTGAGORS: HARRINGTON DANIEL
HARRINGTON LISA
REGION CODE ADDRESS : 3666 SE CLAYBOURNE ST
01 CITY : PORTLAND
STATE/ZIP : OR 97202
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,788.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 59.28400
----------------------------------------------------------------
0 0031411952 MORTGAGORS: LEE G
REGION CODE ADDRESS : 2624 FAIRVIEW RD
01 CITY : RALEIGH
STATE/ZIP : NC 27608
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.90900
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,428,400.00
P & I AMT: 9,952.64
UPB AMT: 1,427,503.34
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 186
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031411960 MORTGAGORS: HASELNUS DANIEL
HASELNUS ADELLE
REGION CODE ADDRESS : 2302 SE MULBERRY DRIVE
01 CITY : MILWAUKIE
STATE/ZIP : OR 97267
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,597.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.36300
----------------------------------------------------------------
0 0031411978 MORTGAGORS: SANDGREN ERIC
SANDGREN ELIZABETH
REGION CODE ADDRESS : 9341 SQUIRREL TREE CT
01 CITY : CHESTERFIELD
STATE/ZIP : VA 23838
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,255.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0031412737 MORTGAGORS: BURRICHTER CALVIN
BURRICHTER SUSAN
REGION CODE ADDRESS : 920 QUAIL VALLEY DRIVE
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,715.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,489.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 66.36300
----------------------------------------------------------------
0 0031412869 MORTGAGORS: ROMER WILLIAM
ROMER KRISTA
REGION CODE ADDRESS : 6412 SHANNON COURT
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,881.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.94900
----------------------------------------------------------------
0 0031412893 MORTGAGORS: TWYMAN LANIER
TWYMAN GINA
REGION CODE ADDRESS : 14610 DONEGAL COURT
01 CITY : MITCHELLVILLE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 228,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,580.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.99896
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,540,600.00
P & I AMT: 10,688.10
UPB AMT: 1,540,070.69
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 187
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031413743 MORTGAGORS: PARCELL MARK
PARCELL PAULINE
REGION CODE ADDRESS : 4 TWIN OAKS LANE
01 CITY : CLINTON
STATE/ZIP : CT 06413
MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,908.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,550.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0031413818 MORTGAGORS: COULTER JAMES
COULTER SUSAN
REGION CODE ADDRESS : 11631 MARION ROAD SE
01 CITY : TURNER
STATE/ZIP : OR 97392
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,488.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,120.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031413925 MORTGAGORS: RIGTERINK DANIEL
RIGTERINK MICHELLE
REGION CODE ADDRESS : 247 6TH STREET NORTH
01 CITY : NAPLES
STATE/ZIP : FL 34102
MORTGAGE AMOUNT : 275,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,150.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.40900
----------------------------------------------------------------
0 0031414295 MORTGAGORS: BENN ANTHONY
BENN JOANNA
REGION CODE ADDRESS : 1270 WHITE SANDS DRIVE
01 CITY : LUSBY
STATE/ZIP : MD 20657
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.96500
----------------------------------------------------------------
0 0031414311 MORTGAGORS: HALL IVAN
HALL PATRICIA
REGION CODE ADDRESS : 7114 IVAKOTA ROAD
01 CITY : CLIFTON
STATE/ZIP : VA 22024
MORTGAGE AMOUNT : 329,101.79 OPTION TO CONVERT :
UNPAID BALANCE : 328,448.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,519.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/23
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.23400
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,416,101.79
P & I AMT: 9,977.55
UPB AMT: 1,414,996.30
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031418478 MORTGAGORS: WENTZ GLENN
WENTZ MARILYN
REGION CODE ADDRESS : 2255 WHISTLERS PARK ROAD
01 CITY : ROSEBURG
STATE/ZIP : OR 97470
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,302.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0031418866 MORTGAGORS: FENNESSY MICHAEL
FENNESSY MARTHA
REGION CODE ADDRESS : 100 OLD CORNER ROAD
01 CITY : BEDFORD
STATE/ZIP : NY 10506
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,530.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.60000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.60000 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0031418965 MORTGAGORS: NAMAZY STEVE
REGION CODE ADDRESS : 16391 S.W. CORNELIAN WAY
01 CITY : BEAVERTON
STATE/ZIP : OR 97007
MORTGAGE AMOUNT : 242,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,469.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98500
----------------------------------------------------------------
0 0031419104 MORTGAGORS: SPRUILL JEFFREY
SPRUILL VERONIQUE
REGION CODE ADDRESS : 16 LYONS LANE
01 CITY : NANTUCKET
STATE/ZIP : MA 02554
MORTGAGE AMOUNT : 285,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,195.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031422348 MORTGAGORS: DWECK MORRIS
DWECK PAMELA
REGION CODE ADDRESS : 1049 EAST 9TH STREET
01 CITY : BROOKLYN
STATE/ZIP : NY 11230
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 650,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,712.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.22200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,015,750.00
P & I AMT: 14,288.41
UPB AMT: 2,015,165.45
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031422363 MORTGAGORS: YACCINO MICHAEL
YACCINO VEE
REGION CODE ADDRESS : 555 HIGH STREET
01 CITY : DENVER
STATE/ZIP : CO 80218
MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 407,673.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,748.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0031422884 MORTGAGORS: WILLIAMS SCOTT
WILLIAMS BEVERLY
REGION CODE ADDRESS : 2694 NORTH EL DORADO DRIVE
01 CITY : CHANDLER
STATE/ZIP : AZ 85224
MORTGAGE AMOUNT : 91,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 91,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 616.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.56500
----------------------------------------------------------------
0 0031423213 MORTGAGORS: WELSH ARTHUR
WELSH DANIELLE
REGION CODE ADDRESS : 2608 SUNSET DRIVE
01 CITY : TAMPA
STATE/ZIP : FL 33629
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 79.70100
----------------------------------------------------------------
0 0031428790 MORTGAGORS: YONEK JEFFREY
YONEK JOLENE
REGION CODE ADDRESS : 877 E LEAF LANE
01 CITY : GREENBANK
STATE/ZIP : WA 98253
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,524.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 65.25500
----------------------------------------------------------------
0 0031428816 MORTGAGORS: ANDERSON DOUG
ANDERSON GAIL
REGION CODE ADDRESS : 203 TERRA WOODS LANE
01 CITY : GREENVILLE
STATE/ZIP : SC 29615
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 77.97100
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,500.00
P & I AMT: 9,477.94
UPB AMT: 1,405,173.72
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0031439110 MORTGAGORS: MADRID EDUARDO
MADRID AURORA
REGION CODE ADDRESS : 13330 SOUTHWEST GOODALL ROAD
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97034
MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,438.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.55000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.55000 PRODUCT CODE : 002
LTV : 70.81600
----------------------------------------------------------------
0 0031443971 MORTGAGORS: MCMORRIS STEVEN
MCMORRIS GERMAINE
REGION CODE ADDRESS : 1019 SKYLAND DRIVE
01 CITY : ZEPHYR COVE
STATE/ZIP : NV 89448
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.23529
----------------------------------------------------------------
0 0031444359 MORTGAGORS: SAUVE MARK
MILLER BARBARA
REGION CODE ADDRESS : 19855 SE 342ND STREET
01 CITY : AUBURN
STATE/ZIP : WA 98092
MORTGAGE AMOUNT : 171,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 171,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,187.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 76.40000
----------------------------------------------------------------
0 0070000427 MORTGAGORS: HENCHEY JAMES
HENCHEY DANA
REGION CODE ADDRESS : 21755 AGAJANIAN DRIVE
01 CITY : SAUGUS
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 246,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,210.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00117
----------------------------------------------------------------
0 0070000641 MORTGAGORS: SWAN CHRISTOPHE
SWAN CHRISTINE
REGION CODE ADDRESS : 11923 CHEVIOT DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 22070
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,309.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,236.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,650.00
P & I AMT: 9,636.27
UPB AMT: 1,370,420.31
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070000971 MORTGAGORS: HOUSEHOLDER JOSEPH
HOUSEHOLDER KATHERINE
REGION CODE ADDRESS : 1530 CHARLTON ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 648,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,980.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,589.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.25789
----------------------------------------------------------------
0 0070001102 MORTGAGORS: STRONG JAMES
STRONG KIMBERLY
REGION CODE ADDRESS : 324 NICKELS DRIVE S W
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,080.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070002100 MORTGAGORS: BORTNIK DARIO
BORTNIK DEBORAH
REGION CODE ADDRESS : 12850 SW 71 AVENUE
01 CITY : MIAMI
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,103.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,937.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070002803 MORTGAGORS: PERRI CYNTHIA
REGION CODE ADDRESS : 11711 KENNEWICK RD
01 CITY : CHARLOTTE
STATE/ZIP : NC 28216
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,461.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.85714
----------------------------------------------------------------
0 0070003249 MORTGAGORS: JAVORSKY KEN
JAVORSKY DANA
REGION CODE ADDRESS : 25230 CANYON OAKS COURT
01 CITY : CASTRO VALL
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 242,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,924.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.97525
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,782,100.00
P & I AMT: 12,584.28
UPB AMT: 1,778,550.80
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070004692 MORTGAGORS: WAGEMAN RICHARD
WAGEMAN ANNE
REGION CODE ADDRESS : 15434 N W ANDALUSIAN WAY
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,663.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,642.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.50000
----------------------------------------------------------------
0 0070004783 MORTGAGORS: COLLINS MYLES
COLLINS JOAN
REGION CODE ADDRESS : 13917 ROYAL MELBOURNE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 228,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,259.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.59322
----------------------------------------------------------------
0 0070004791 MORTGAGORS: WITTENBERG STEVEN
WITTENBERG GABRIELLA
REGION CODE ADDRESS : 34 VISTA MAR DRIVE
01 CITY : LAGUNA NIGU
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,542.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.74684
----------------------------------------------------------------
0 0070004858 MORTGAGORS: GOLDBERG ROBERT
GOLDBERG SALLY
REGION CODE ADDRESS : 9109 SPRING BROOK LANE
01 CITY : RICHMOND
STATE/ZIP : VA 23229
MORTGAGE AMOUNT : 489,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 487,084.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,466.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.38217
----------------------------------------------------------------
0 0070005152 MORTGAGORS: MAHLEBJIAN STEVEN
MAHLEBJIAN SYLVIA
REGION CODE ADDRESS : 153 BROOKSIDE DRIVE
01 CITY : NEW PROVIDE
STATE/ZIP : NJ 07979
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,314.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 83.33333
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,503,100.00
P & I AMT: 10,578.01
UPB AMT: 1,498,864.25
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070005244 MORTGAGORS: DOO JACK
DOO CATHERINE
REGION CODE ADDRESS : 3901 NORTH BERKELEY AVENUE
01 CITY : DENAIR
STATE/ZIP : CA 95316
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,618.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.65193
----------------------------------------------------------------
0 0070005418 MORTGAGORS: KUSHNER JAMES
KUSHNER JACQUELINE
REGION CODE ADDRESS : 935 MISTY ISLE DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91207
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070005590 MORTGAGORS: SHERER MICHAEL
SHERER JUDITH
REGION CODE ADDRESS : 9809 GLYNSHIRE WAY
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,283.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.59032
----------------------------------------------------------------
0 0070006135 MORTGAGORS: DILLON JAMES
DILLON ANNE
REGION CODE ADDRESS : 5335 SWEETWATER DRIVE
01 CITY : WEST RIVER
STATE/ZIP : MD 20788
MORTGAGE AMOUNT : 238,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,704.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,684.90 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.56436
----------------------------------------------------------------
0 0070006457 MORTGAGORS: ATIGEHCHI M
REGION CODE ADDRESS : 2802 DEEP CANYON DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 792,025.00 OPTION TO CONVERT :
UNPAID BALANCE : 791,375.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,269.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 015
LTV : 63.36200
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,973,075.00
P & I AMT: 13,570.42
UPB AMT: 1,970,714.11
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070006895 MORTGAGORS: LAU FREDERICK
Q LAU DORA
REGION CODE ADDRESS : 13037 BACH WAY
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,516.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.88350
----------------------------------------------------------------
0 0070007315 MORTGAGORS: SRERE DAVID
SRERE SHEILA
REGION CODE ADDRESS : 16 MANOR HILL ROAD
01 CITY : SUMMIT
STATE/ZIP : NJ 07901
MORTGAGE AMOUNT : 449,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,357.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,105.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 55.58714
----------------------------------------------------------------
0 0070007596 MORTGAGORS: LAKE DANIEL
LAKE VICTORIA
REGION CODE ADDRESS : 31348 MACKINAW STREET
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 349,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,953.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,501.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070007638 MORTGAGORS: KIEL RICHARD
KIEL DEBORAH
REGION CODE ADDRESS : 30 OAK TAVERN CIRCLE
01 CITY : BRANCHBURG
STATE/ZIP : NJ 08876
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 : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.72028
----------------------------------------------------------------
0 0070007646 MORTGAGORS: MCFEELY RICHARD
MCFEELY LYNNE
REGION CODE ADDRESS : 509 FEY RD CHESTERTOWN
01 CITY : CHESTERTOWN
STATE/ZIP : MD 21620
MORTGAGE AMOUNT : 297,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,668.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.50227
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,706,000.00
P & I AMT: 11,951.41
UPB AMT: 1,704,279.14
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070008198 MORTGAGORS: WALDOW ROGER
WALDOW SHIRLEY
REGION CODE ADDRESS : 5525 MILTON RANCH ROAD
01 CITY : SHINGLE SPR
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,145.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,543.78 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 66.19718
----------------------------------------------------------------
0 0070008446 MORTGAGORS: FRATZKE WILLIAM
DIXON BARBARA
REGION CODE ADDRESS : 520 SOUTH LONDERRY LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 243,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,505.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.67742
----------------------------------------------------------------
0 0070008578 MORTGAGORS: DEFEO LINDA
REGION CODE ADDRESS : 7608 STRATFIELD LANE
01 CITY : LAUREL
STATE/ZIP : MD 20707
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,979.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.44954
----------------------------------------------------------------
0 0070008776 MORTGAGORS: BUCHANAN THEODORE
REGION CODE ADDRESS : 9041 SUGAR TREE TRAIL
01 CITY : HUNTSVILLE
STATE/ZIP : AL 35802
MORTGAGE AMOUNT : 250,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,918.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,770.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.15625
----------------------------------------------------------------
0 0070008834 MORTGAGORS: KOSLOW JOHN
KOSLOW CAROLYN
REGION CODE ADDRESS : 2516 GLENLAWN PLACE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,137.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.64516
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,268,400.00
P & I AMT: 9,166.59
UPB AMT: 1,264,687.36
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070008842 MORTGAGORS: WALTER STEPHEN
WALTER MICHELLE
REGION CODE ADDRESS : 1181 E NEWHALL DRIVE
01 CITY : FRESNO
STATE/ZIP : CA 93720
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,909.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,918.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070008958 MORTGAGORS: KENDALL MARK
KENDALL ANDREA
REGION CODE ADDRESS : 400 HARRIS ROAD
01 CITY : FAYETTEVILL
STATE/ZIP : GA 30215
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,007.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.28571
----------------------------------------------------------------
0 0070008974 MORTGAGORS: DREW HAROLD
DREW ADELINE
REGION CODE ADDRESS : 1138 SPRING CT
01 CITY : OAK VIEW
STATE/ZIP : CA 93022
MORTGAGE AMOUNT : 332,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,534.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 81.89655
----------------------------------------------------------------
0 0070009543 MORTGAGORS: BAEZA THOMAS
BAEZA MARIE
REGION CODE ADDRESS : 1823 VALDEZ AVE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 241,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,699.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.21875
----------------------------------------------------------------
0 0070009998 MORTGAGORS: STEFICEK GARY
DIAS LISA
REGION CODE ADDRESS : 146 IRVING AVENUE
01 CITY : SOUTH ORANG
STATE/ZIP : NJ 07079
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 381,644.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 87.93103
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,950.00
P & I AMT: 10,446.18
UPB AMT: 1,482,795.29
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070010160 MORTGAGORS: SMITH WILLIAM
SMITH TERRY
REGION CODE ADDRESS : 1893 SUMMERTIME AVE
01 CITY : SIMI VALLEY
STATE/ZIP : CA 93065
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,405.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98548
----------------------------------------------------------------
0 0070010244 MORTGAGORS: WILLIAMS ALEXANDER
WILLIAMS JACQUELINE
REGION CODE ADDRESS : 17911 WELLBANK LANE
01 CITY : HUNTINGTON
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 323,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,153.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.34483
----------------------------------------------------------------
0 0070010558 MORTGAGORS: WERRES JOAN
REGION CODE ADDRESS : 10 UNAMI LANE
01 CITY : SCOTCH PLAI
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,636.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 61.12469
----------------------------------------------------------------
0 0070011051 MORTGAGORS: YOUNG JAMES
BURKETT YOUN LAURIE
REGION CODE ADDRESS : 3525 GLENBROOK ROAD
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 266,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,853.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070011515 MORTGAGORS: MARVIN DEAN
MARVIN LAURA LEE
REGION CODE ADDRESS : 207 SPRING CREEK DRIVE N E
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87122
MORTGAGE AMOUNT : 293,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,763.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.35714
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,397,850.00
P & I AMT: 9,767.80
UPB AMT: 1,395,813.21
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070013180 MORTGAGORS: BERRY VERNON
WOOD JENNIFER
REGION CODE ADDRESS : 2514 SOUTH CLAYTON STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,842.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.74419
----------------------------------------------------------------
0 0070013388 MORTGAGORS: KARLSON STEVEN
KARLSON ELIZABETH
REGION CODE ADDRESS : 8 POND STREET
01 CITY : DOVER
STATE/ZIP : MA 02030
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,499.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.04348
----------------------------------------------------------------
0 0070013610 MORTGAGORS: MORALES FRANK
MORALES GLORIA
REGION CODE ADDRESS : 14616 BANNER QUAKER HILL R
01 CITY : NEVADA CITY
STATE/ZIP : CA 95959
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,482.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.68421
----------------------------------------------------------------
0 0070013909 MORTGAGORS: KUHLMANN DENIS
KUHLMANN JULIA
REGION CODE ADDRESS : 1399 CAMINO CORTO
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,535.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.42857
----------------------------------------------------------------
0 0070014535 MORTGAGORS: ORR ROY
ORR PATRICE
REGION CODE ADDRESS : 3307 KING EDWARDS COURT
01 CITY : EUGENE
STATE/ZIP : OR 97401
MORTGAGE AMOUNT : 258,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,503.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.91892
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,200.00
P & I AMT: 10,131.90
UPB AMT: 1,449,863.61
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070014618 MORTGAGORS: JOHNSON GARY
JOHNSON LAURA
REGION CODE ADDRESS : 9142 LEGHORN PLACE
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,875.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070014824 MORTGAGORS: GODDARD BOYD
M GODDARD DEBORAH
REGION CODE ADDRESS : 4325 LA ORILLA
01 CITY : RANCHO SANT
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 376,727.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,668.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 37.70000
----------------------------------------------------------------
0 0070015151 MORTGAGORS: CHRISS DENNIS
CHRISS FRANCINE
REGION CODE ADDRESS : 808 WINBERRY COURT
01 CITY : WINSTON SAL
STATE/ZIP : NC 27104
MORTGAGE AMOUNT : 254,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,710.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.65625
----------------------------------------------------------------
0 0070015243 MORTGAGORS: MARSZALEK DANIEL
MARSZALEK DEBORAH
REGION CODE ADDRESS : 2 GABRIEL COURT
01 CITY : WHITE PLAIN
STATE/ZIP : NY 10605
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,535.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.74510
----------------------------------------------------------------
0 0070015532 MORTGAGORS: CAFFREY JOHN
CAFFREY PATRICIA
REGION CODE ADDRESS : 2723 CLARKES LANDING DRIVE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,582.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 84.66667
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,100.00
P & I AMT: 9,985.29
UPB AMT: 1,427,431.53
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070015771 MORTGAGORS: HEAD JONATHAN
HEAD MARY
REGION CODE ADDRESS : 11 TRINITY COURT
01 CITY : WELLESLEY
STATE/ZIP : MA 02181
MORTGAGE AMOUNT : 295,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,280.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,066.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.02465
----------------------------------------------------------------
0 0070015839 MORTGAGORS: ANZALONE MICHAEL
ANZALONE KELLY
REGION CODE ADDRESS : 5840 SLATE HILL PLACE
01 CITY : FREDERICK
STATE/ZIP : MD 21701
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,805.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 93.57143
----------------------------------------------------------------
0 0070015862 MORTGAGORS: ELLIS CHARLES
ELLIS SHIRLEY
REGION CODE ADDRESS : 7603 HELMS RD
01 CITY : PENSACOLA
STATE/ZIP : FL 32526
MORTGAGE AMOUNT : 229,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,374.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,645.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.70896
----------------------------------------------------------------
0 0070015979 MORTGAGORS: KELSALL MATTHEW
KELSALL JILL
REGION CODE ADDRESS : 4201 WILDRIDGE ROAD WEST
01 CITY : AVON
STATE/ZIP : CO 81620
MORTGAGE AMOUNT : 235,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,466.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,607.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 61.20779
----------------------------------------------------------------
0 0070016266 MORTGAGORS: GEORGE GERALD
GEORGE SUSAN
REGION CODE ADDRESS : 851 PACIFIC AVENUE WEST
01 CITY : RONALD
STATE/ZIP : WA 98940
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.53247
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,282,850.00
P & I AMT: 8,969.23
UPB AMT: 1,281,734.18
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070016555 MORTGAGORS: LANG RONALD
LANG ELSIE
REGION CODE ADDRESS : 281 RED FOX LANE
01 CITY : WEEMS
STATE/ZIP : VA 22576
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,764.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,216.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 61.43411
----------------------------------------------------------------
0 0070016712 MORTGAGORS: FAIRBANKS PAMELA
REGION CODE ADDRESS : 714 MARGUERITE
01 CITY : CORONA DEL
STATE/ZIP : CA 92625
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 : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070016910 MORTGAGORS: PO TEOFILO
PO LILLY
REGION CODE ADDRESS : 15929 YOUNGWOOD DRIVE
01 CITY : WHITTER
STATE/ZIP : CA 90603
MORTGAGE AMOUNT : 428,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,233.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,514.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/18
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 63.42222
----------------------------------------------------------------
0 0070017199 MORTGAGORS: GROSS MICHAEL
REGION CODE ADDRESS : 2104 STONE CROFT STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89134
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,731.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/23
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.07207
----------------------------------------------------------------
0 0070017215 MORTGAGORS: HANEY GREGORY
HANEY LORIE
REGION CODE ADDRESS : 7 GOVER COURT
01 CITY : WALNUT CREE
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,777.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,588,300.00
P & I AMT: 11,740.14
UPB AMT: 1,584,030.54
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070017314 MORTGAGORS: KENNEY BRIAN
KENNEY MICHELLE
REGION CODE ADDRESS : 31 ALTIMIRA
01 CITY : COTO DE CAZ
STATE/ZIP : CA 92679
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 : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.65169
----------------------------------------------------------------
0 0070017421 MORTGAGORS: BRENNAN RICHARD
BRENNAN JOYCE
REGION CODE ADDRESS : 1519 THURBER STREET
01 CITY : HERNDON
STATE/ZIP : VA 22070
MORTGAGE AMOUNT : 264,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,164.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 76.04885
----------------------------------------------------------------
0 0070017793 MORTGAGORS: CLOUSE RICHARD
REGION CODE ADDRESS : 144 LOST BALL COURT
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,440.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.49438
----------------------------------------------------------------
0 0070018007 MORTGAGORS: O'HARA MITCHELL
O'HARA DEBORA
REGION CODE ADDRESS : 4920 LONDON DERRY DRIVE
01 CITY : TAMPA
STATE/ZIP : FL 33647
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,088.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.83333
----------------------------------------------------------------
0 0070018692 MORTGAGORS: SCHURY WILLIAM
REGION CODE ADDRESS : 712 PEACHTREE LANE
01 CITY : WEST CHESTE
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 368,450.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,580.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,150.00
P & I AMT: 11,278.49
UPB AMT: 1,626,622.81
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070018718 MORTGAGORS: WAUBEN WILLIAM
WAUBEN JANICE
REGION CODE ADDRESS : 1742 CINNAMON ROAD
01 CITY : LARKSPURE
STATE/ZIP : CO 80118
MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,291.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.86702
----------------------------------------------------------------
0 0070019013 MORTGAGORS: MOORE DALE
MOORE LESLIE
REGION CODE ADDRESS : 16906 TIDEWATER LANE
01 CITY : HUGHESVILLE
STATE/ZIP : MD 20637
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,320.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,626.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.78565
----------------------------------------------------------------
0 0070019559 MORTGAGORS: KOENIGSBERG STEWART
KOENIGSBERG JANE
REGION CODE ADDRESS : 65 PINE RIDGE ROAD
01 CITY : WILTON
STATE/ZIP : CT 06897
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 648,877.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,215.89 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 61.61137
----------------------------------------------------------------
0 0070019898 MORTGAGORS: ALMOND JAMES
ALMOND NORMA
REGION CODE ADDRESS : 2510 GLENLAWN PLACE
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,145.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0070020029 MORTGAGORS: SILVA GERALD
SILVA JANET
REGION CODE ADDRESS : 3023 HOUNDS ESTATES CT
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,618.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,500.00
P & I AMT: 11,417.73
UPB AMT: 1,673,253.42
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070020201 MORTGAGORS: LISCO KATHRYN
COHEN MARC
REGION CODE ADDRESS : 4850 MORSE STREET
01 CITY : LINCOLNWOOD
STATE/ZIP : IL 60646
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,214.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070020250 MORTGAGORS: PACIOUS RICHARD
PACIOUS NANCY
REGION CODE ADDRESS : 5 WHIFFLETREE LANE
01 CITY : GEORGETOWN
STATE/ZIP : MA 01833
MORTGAGE AMOUNT : 260,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,314.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/18
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0070020342 MORTGAGORS: MCWHORTER PAMELA
REGION CODE ADDRESS : 222 50TH STREET
01 CITY : VIRGINIA BE
STATE/ZIP : VA 23454
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,971.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070020656 MORTGAGORS: LONG JOHN
REGION CODE ADDRESS : 11238 HOMEDALE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90049
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,397.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,937.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.37013
----------------------------------------------------------------
0 0070020664 MORTGAGORS: SHELTREN FRANK
SHELTREN CHERYL
REGION CODE ADDRESS : 1253 S LA LUNA RD
01 CITY : OJAI
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 299,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,144.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/23
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 72.16867
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,599,800.00
P & I AMT: 11,558.53
UPB AMT: 1,597,042.12
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070020805 MORTGAGORS: POWERS L
POWERS DEBRA
REGION CODE ADDRESS : 8805 LIMOGES WAY
01 CITY : BAKERSFIELD
STATE/ZIP : CA 93311
MORTGAGE AMOUNT : 238,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,923.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.80645
----------------------------------------------------------------
0 0070021852 MORTGAGORS: BURNS RICHARD
BURNS BARBARA
REGION CODE ADDRESS : 5282 PASATIEMPO DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 243,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,369.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 84.56597
----------------------------------------------------------------
0 0070021951 MORTGAGORS: CARROLL ROBERT
REGION CODE ADDRESS : 2001 N ILLINOIS STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22205
MORTGAGE AMOUNT : 246,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,867.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,720.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0070023569 MORTGAGORS: HERBST GERARD
HERBST YVONNE
REGION CODE ADDRESS : 2399 BRIGHTON PLACE
01 CITY : JEFFERSONTO
STATE/ZIP : VA 22724
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,772.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0070025010 MORTGAGORS: RYERSON VICTOR
RYERSON MARGARET
REGION CODE ADDRESS : 116 IVY DRIVE
01 CITY : ORINDA
STATE/ZIP : CA 94563
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,700.00
P & I AMT: 9,817.82
UPB AMT: 1,407,647.50
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070025960 MORTGAGORS: CHEUNG NIM
LOUIE CHEUN JOANNA
REGION CODE ADDRESS : 496 LONG HILL DRIVE
01 CITY : SHORT HILLS
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 528,815.00 OPTION TO CONVERT :
UNPAID BALANCE : 528,422.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,697.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.09879
----------------------------------------------------------------
0 0070028618 MORTGAGORS: KASSEN DAVID
KASSEN SHEILA
REGION CODE ADDRESS : 3703 WOODBINE ROAD
01 CITY : SIOUX CITY
STATE/ZIP : IA 51106
MORTGAGE AMOUNT : 247,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,902.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 70.60000
----------------------------------------------------------------
0 0070029269 MORTGAGORS: FOX STEPHEN
FOX DEBRA
REGION CODE ADDRESS : 3010 ORION DRIVE
01 CITY : COLORADO SP
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 348,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,978.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,375.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 46.43333
----------------------------------------------------------------
0 0070029319 MORTGAGORS: BENNETT MARIAN
REGION CODE ADDRESS : 5519 TOPA TOPA DRIVE
01 CITY : VENTURA
STATE/ZIP : CA 93003
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 : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.73333
----------------------------------------------------------------
0 0070030283 MORTGAGORS: MAROTTO ROBERT
MAROTTO SUSAN
REGION CODE ADDRESS : 33 RAMBLING DRIVE
01 CITY : SCOTCH PLAI
STATE/ZIP : NJ 07076
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,293.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,533.93 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 77.06271
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,626,665.00
P & I AMT: 11,152.81
UPB AMT: 1,625,397.46
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070032925 MORTGAGORS: KILLIAN DONALD
KILLIAN CHRISTINE
REGION CODE ADDRESS : 224 SOUTH MUIRFIELD ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90004
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.52174
----------------------------------------------------------------
0 0070033832 MORTGAGORS: FALES GARY
FALES SHERYL
REGION CODE ADDRESS : 14701 LA RINCONADA DRIVE
01 CITY : LOS GATOS
STATE/ZIP : CA 95030
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 : 02/01/28
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.14894
----------------------------------------------------------------
0 0070034012 MORTGAGORS: ABBOUD SAMIR
REGION CODE ADDRESS : 320 A B C 322 ORIZABA AVE
01 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.66667
----------------------------------------------------------------
0 0070034939 MORTGAGORS: BINDER THOMAS
ROXIE BINDER R
REGION CODE ADDRESS : 29650 KIMBERLY DRIVE
01 CITY : AGOURA HILL
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,485.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,475.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.16822
----------------------------------------------------------------
0 0070035738 MORTGAGORS: MARTIN EDWARD
MARTIN JILL
REGION CODE ADDRESS : 189 BIG O ROAD
01 CITY : OROVILLE
STATE/ZIP : CA 95965
MORTGAGE AMOUNT : 233,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,322.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,612.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 72.40310
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,187,500.00
P & I AMT: 15,053.89
UPB AMT: 2,185,571.26
<PAGE>
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 03/01/98
P.O. BOX 5260 TMS AG000498063B 01 TMS AG000498063U
01 PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0070038500 MORTGAGORS: GEDMINAS ALGIS
GEDMINAS ALBINA
REGION CODE ADDRESS : 1832 HEMINGWAY COURT
01 CITY : ESCONDIDO
STATE/ZIP : CA 92027
MORTGAGE AMOUNT : 142,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 142,444.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 996.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.82940
----------------------------------------------------------------
0 0070038823 MORTGAGORS: ANDERLUH JOHN
SCHROEDER ELIZABETH
REGION CODE ADDRESS : 1114 CARLYLE COURT
01 CITY : ARLINGTON H
STATE/ZIP : IL 60004
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,810.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.78082
----------------------------------------------------------------
0 0070045323 MORTGAGORS: DEIMEKE KENNETH
DEIMEKE CATHY
REGION CODE ADDRESS : 4524 EAST MELANIE DRIVE
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 267,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,301.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,870.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.85816
----------------------------------------------------------------
- - **** PAGE TOTALS ***** NUM OF LOANS: 3
LOAN AMT: 672,050.00
P & I AMT: 4,721.55
UPB AMT: 671,556.06
0 TOTAL NUM OF LOANS: 1038
LOAN AMT: 326,734,994.17
P & I AMT: 2,279,983.38
UPB AMT: 326,388,415.06
<PAGE>
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
______________, _______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-6
Pursuant to the Pooling and Servicing Agreement dated
as of March 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly Pool 1 Pool 2
Payments: --------- --------
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(2) Aggregate Monthly Payments
received and Monthly
Advances made this Month:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(3) Aggregate Principal Prepayments
in part received and applied
in the applicable Prepayment
Period:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
D-1
<PAGE>
(4) Aggregate Principal Prepayments Pool 1 Pool 2
in full received in --------- --------
the applicable Prepayment
Period:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(5) Aggregate Insurance Proceeds
(including purchases of
Mortgage Loans by primary
mortgage insurers) for
prior month:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(6) Aggregate Liquidation Proceeds
for prior month:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(7) Aggregate Purchase Prices for
Defaulted and Modified
Mortgage Loans:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(8) Aggregate Purchase Prices
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(9) Pool Scheduled Principal
Balance: $________ $________
(10) Available Funds: $________ $________
(11) Realized Losses for
prior month: $________ $________
D-2
<PAGE>
(12) Aggregate Realized Pool 1 Pool 2
Losses and Debt --------- --------
Service Reductions:
(a) Deficient Valuations $________ $________
(b) Special Hazard
Losses $________ $________
(c) Fraud Losses $________ $________
(d) Excess Bankruptcy
Losses $________ $________
(e) Excess Special
Hazard Losses $________ $________
(f) Excess Fraud
Losses $________ $________
(g) Debt Service
Reductions $________ $________
(13) Compensating Interest Payment: $________ $________
(14) Accrued Certificate Interest,
Unpaid Class Interest Shortfalls
and Pay-out Rate:
Class 1-A1 $__________ $__________ ____%
Class 1-A2 $__________ $__________ ____%
Class 1-A3 $__________ $__________ ____%
Class 1-A4 $__________ $__________ ____%
Class 1-A5 $__________ $__________ ____%
Class 1-A6 $__________ $__________ ____%
Class 1-M $__________ $__________ ____%
Class 1-B1 $__________ $__________ ____%
Class 1-B2 $__________ $__________ ____%
Class 1-B3 $__________ $__________ ____%
Class 1-B4 $__________ $__________ ____%
Class 1-B5 $__________ $__________ ____%
Class 2-A1 $__________ $__________ ____%
Class 2-A2 $__________ $__________ ____%
Class 2-A3 $__________ $__________ ____%
Class 2-A4 $__________ $__________ ____%
Class 2-A5 $__________ $__________ ____%
Class 2-A6 $__________ $__________ ____%
Class 2-A7 $__________ $__________ ____%
Class 2-A8 $__________ $__________ ____%
Class 2-M $__________ $__________ ____%
Class 2-B1 $__________ $__________ ____%
Class 2-B2 $__________ $__________ ____%
Class 2-B3 $__________ $__________ ____%
Class 2-B4 $__________ $__________ ____%
Class 2-B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
D-3
<PAGE>
(15) Principal distributable:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class R $__________
(16) Additional distributions to
the Class R Certificate
pursuant to Section 4.01(c): $_____________
(17) Distributions Allocable to
Unanticipated Recoveries:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
D-4
<PAGE>
Class 1-B5 $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class R $__________
(18) Certificate Interest Rate of:
Class 1-A3 Certificates _____________%
Class 1-A4 Certificates _____________%
Class 2-A6 Certificates _____________%
Class 2-A7 Certificates _____________%
B. Other Amounts:
1. Senior Percentage for such
Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
2. Pool 1 Group II Senior
Percentage for such
Distribution Date: _____________%
3. Pool 2 Group II Senior
Percentage for such
Distribution Date: _____________%
4. Pool 1 Group II Senior
Scheduled Distribution
Percentage for such
Distribution Date: _____________%
5. Pool 2 Group II Senior
Scheduled Distribution
Percentage for such
Distribution Date: _____________%
6. Senior Prepayment Percentage
for such Distribution
Date:
Pool 1 _____________%
Pool 2 _____________%
D-5
<PAGE>
7. Pool 1 Group II Senior
Prepayment Distribution
Percentage for such
Distribution Date: _____________%
8. Pool 2 Group II Senior
Prepayment Distribution
Percentage for such
Distribution Date: _____________%
9. Junior Percentage for
such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
10. Junior Prepayment Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
11. Subordinate Certificate
Writedown Amount for such
Distribution Date:
Pool 1 $_____________
Pool 2 $_____________
12. Prepayment Distribution
Triggers satisfied: Yes No
Class 1-B1 _____ _____
Class 1-B2 _____ _____
Class 1-B3 _____ _____
Class 1-B4 _____ _____
Class 1-B5 _____ _____
Class 2-B1 _____ _____
Class 2-B2 _____ _____
Class 2-B3 _____ _____
Class 2-B4 _____ _____
Class 2-B5 _____ _____
13. Base Servicing Fee:
Pool 1 $_____________
Pool 2 $_____________
14. Supplemental Servicing Fee:
Pool 1 $_____________
Pool 2 $_____________
D-6
<PAGE>
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
D-7
<PAGE>
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
[NAME OF OFFICER] ______________________ hereby certifies
that:
1. That he [she] is [title of officer] _________________ of
[name of Investor] _______________________________________ (the
"Investor"), a ________________________ [description of type of
entity] duly organized and existing under the laws of the [State
of ____________] [United States], on behalf of which he [she]
makes this affidavit.
2. The Investor (i) is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between
State Street Bank and Trust Company, as Trustee and GE Capital
Mortgage Services, Inc., dated as of March 1, 1998, no transfer
of any ERISA-Restricted Certificate shall be permitted to be made
to any person unless the Trustee has received (i) a certificate
from such transferee to the effect that (x) such transferee is
not an employee benefit plan subject to ERISA or a plan subject
to Section 4975 of the Code (a "Plan") and is not using the
assets of any such employee benefit or other plan to acquire any
such Certificate or (y) such transferee is an insurance company
investing assets of its general account and the Exemptions apply
to such transferee's acquisition and holding of any such
Certificate or (ii) an opinion of counsel satisfactory to the
Trustee to the effect that the purchase and holding of any such
Certificate will not constitute or result in the assets of the
Trust Fund created by the Agreement being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 of the Code and will not subject the
<PAGE>
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of any such Certificate by a Plan or a
Person that is purchasing or holding any such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ______________________________________________ as
nominee for the Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
______________________________
[name of Investor]
By:___________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the ERISA-Restricted
Certificates at the exclusive
direction of and as nominee of
the Investor named above.
_______________________________
[name of nominee]
By:____________________________
Name:
Title:
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
1998-6.
4. That the Purchaser is not, and on __________
[insert date of transfer of Residual Certificate to Purchaser]
will not be, and is not and on such date will not be investing
<PAGE>
the assets of, an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or
a plan subject to Code Section 4975 or a person or entity that is
using the assets of any employee benefit plan or other plan to
acquire a Residual Certificate.
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between State Street Bank and Trust Company, as
Trustee, and GE Capital Mortgage Services, Inc. dated as of March
1, 1998, no transfer of the Residual Certificates shall be
permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
F-2
<PAGE>
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of
the Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
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 1998-6
----------------------------------
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 1998-6
----------------------------------
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 March 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
I-2
<PAGE>
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of _____________________________ as nominee for the
Investor.]
IN WITNESS WHEREOF, the Investor has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] _____________
this _____ day of __________, 19__.
________________________________
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the Restricted
Certificates at the exclusive
direction of and as nominee
of the Investor named above.
_____________________________
[name of nominee]
By:__________________________
Name:
Title:
I-3
<PAGE>
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
______________, _______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1998-6
Pursuant to the Pooling and Servicing Agreement dated
as of March 1, 1998 (the "Agreement") between GE Capital Mortgage
Services, Inc. (the "Company"), and State Street Bank and Trust
Company (the "Trustee"), governing the Certificates referred to
above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution
allocable to principal:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-PO $__________
<PAGE>
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class R $__________
(2) Aggregate principal prepayments
included in distribution:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A4 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-A8 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
Class R $__________
(3) Amount of distribution
allocable to interest;
Pay-out Rate:
Class 1-A1 $__________ ____%
Class 1-A2 $__________ ____%
Class 1-A3 $__________ ____%
J-2
<PAGE>
Class 1-A4 $__________ ____%
Class 1-A5 $__________ ____%
Class 1-A6 $__________ ____%
Class 1-M $__________ ____%
Class 1-B1 $__________ ____%
Class 1-B2 $__________ ____%
Class 1-B3 $__________ ____%
Class 1-B4 $__________ ____%
Class 1-B5 $__________ ____%
Class 2-A1 $__________ ____%
Class 2-A2 $__________ ____%
Class 2-A3 $__________ ____%
Class 2-A4 $__________ ____%
Class 2-A5 $__________ ____%
Class 2-A6 $__________ ____%
Class 2-A7 $__________ ____%
Class 2-A8 $__________ ____%
Class 2-M $__________ ____%
Class 2-B1 $__________ ____%
Class 2-B2 $__________ ____%
Class 2-B3 $__________ ____%
Class 2-B4 $__________ ____%
Class 2-B5 $__________ ____%
Class R $__________ ____%
(4) Amount of distribution
allocable to
Unanticipated Recoveries:
Class 1-A1
Class 1-A2 $__________ ____%
Class 1-A3 $__________ ____%
Class 1-A4 $__________ ____%
Class 1-A5 $__________ ____%
Class 1-A6 $__________ ____%
Class 1-M $__________ ____%
Class 1-B1 $__________ ____%
Class 1-B2 $__________ ____%
Class 1-B3 $__________ ____%
Class 1-B4 $__________ ____%
Class 1-B5 $__________ ____%
Class 2-A1 $__________ ____%
Class 2-A2 $__________ ____%
Class 2-A3 $__________ ____%
Class 2-A4 $__________ ____%
Class 2-A5 $__________ ____%
Class 2-A6 $__________ ____%
Class 2-A7 $__________ ____%
Class 2-A8 $__________ ____%
Class 2-M $__________ ____%
J-3
<PAGE>
Class 2-B1 $__________ ____%
Class 2-B2 $__________ ____%
Class 2-B3 $__________ ____%
Class 2-B4 $__________ ____%
Class 2-B5 $__________ ____%
Class R $__________ ____%
(5) Servicing Compensation:
Pool 1 $__________
Pool 2 $__________
The amounts below are for the aggregate of all
Certificates:
(6) Pool Scheduled Principal
Balance; number of
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(7) Class Certificate Principal
Balance (or Notional Principal
Balance) of each Class;
Certificate Principal Balance
(or Notional Principal Balance)
of Single Certificate of each
Class:
Single
Certificate
Class Balance Balance
----- ------- -------
Class 1-A1 $__________ $__________
Class 1-A2 $__________ $__________
Class 1-A3 $__________ $__________
Class 1-A4 $__________ $__________
Class 1-A5 $__________ $__________
Class 1-A6 $__________ $__________
Class 1-PO $__________ $__________
Class 1-M $__________ $__________
Class 1-B1 $__________ $__________
Class 1-B2 $__________ $__________
Class 1-B3 $__________ $__________
Class 1-B4 $__________ $__________
Class 1-B5 $__________ $__________
Class 2-A1 $__________ $__________
Class 2-A2 $__________ $__________
Class 2-A3 $__________ $__________
Class 2-A4 $__________ $__________
J-4
<PAGE>
Class 2-A5 $__________ $__________
Class 2-A6 $__________ $__________
Class 2-A7 $__________ $__________
Class 2-A8 $__________ $__________
Class 2-PO $__________ $__________
Class 2-M $__________ $__________
Class 2-B1 $__________ $__________
Class 2-B2 $__________ $__________
Class 2-B3 $__________ $__________
Class 2-B4 $__________ $__________
Class 2-B5 $__________ $__________
Class R $__________ $__________
(8) Book value of real
estate acquired on
behalf of Certificate-
holders; number of
related Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(9) Aggregate Scheduled Principal
Balance and number of
delinquent Mortgage Loans:
Pool 1:
------
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
Pool 2:
------
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(10) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(11) Aggregate Scheduled
Principal Balance and
number of modified
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
J-5
<PAGE>
(12) Certificate Interest Rate of:
Class 1-A3 Certificates __________%
Class 1-A4 Certificates __________%
Class 2-A6 Certificates __________%
Class 2-A7 Certificates __________%
(13) Senior Percentage for such
Distribution Date:
Pool 1 __________%
Pool 2 __________%
(14) Pool 1 Group II Senior Percentage
for such Distribution Date: __________%
(15) Pool 2 Group II Senior Percentage
for such Distribution Date: __________%
(16) Pool 1 Group II Senior Scheduled
Distribution Percentage for
such Distribution Date: ___________%
(17) Pool 2 Group II Senior Scheduled
Distribution Percentage for
such Distribution Date: ___________%
(18) Senior Prepayment Percentage
for such Distribution Date:
Pool 1 __________%
Pool 2 __________%
(19) Pool 1 Group II Senior Prepayment
Distribution Percentage for
such Distribution Date: ___________%
(20) Pool 2 Group II Senior Prepayment
Distribution Percentage for
such Distribution Date: ___________%
(21) Junior Percentage for
such Distribution Date:
Pool 1 __________%
Pool 2 __________%
(22) Junior Prepayment Percentage
for such Distribution Date:
Pool 1 __________%
Pool 2 __________%
J-6
<PAGE>
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
J-7
<PAGE>
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class __-B_ (the "Class __-B_
Certificates"). The Class __-B_ Certificates were issued pursuant
to a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof
intends to resell all of the Class __-B_ Certificates directly to
the Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have
agreed that the Company, as Servicer, will engage in certain
special servicing procedures relating to foreclosures for the
benefit of the Purchaser, and that the Purchaser will deposit
funds in a collateral fund to cover any losses attributable to
such procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class __-B5 (the "Class __-B5 Certificates") has
been reduced to zero, and any Special Servicing and Collateral
Fund Agreement in respect of such Class between the Company and
the Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class __-B_ Certificates.
<PAGE>
ARTICLE I
DEFINITIONS
Section 1.01. Defined Terms. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Business Day: Any day other than (i) a Saturday or a Sunday
of (ii) a day on which banking institutions in New York City or
Boston, Massachusetts are required or authorized by law or
executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
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either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as to
which the Purchaser has made an Election to Delay Foreclosure, an
appraisal of the related Mortgaged Property obtained by the
Purchaser as nearly contemporaneously as practicable to the time
of the Purchaser's election, prepared based on the Company's
customary requirements for such appraisals.
Election to Delay Foreclosure: Any election by the
Purchaser to delay the Commencement of Foreclosure, made in
accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Mortgage Loan: Any Pool __ Mortgage Loan.
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section
2.03(d).
Section 1.02. Definitions Incorporated by Reference. All
capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing
Agreement.
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ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each Distribution
Date (or included in or with the monthly statements to
Certificateholders pursuant to the Pooling and Servicing
Agreement), the Company, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund the number of Mortgage Loans that are
(A) thirty days, (B) sixty days, (C) ninety days or more
delinquent or (D) in foreclosure, and indicating for each
such Mortgage Loan the loan number and outstanding
principal balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall
provide the Purchaser with a notice (sent by facsimile
transmission) of such proposed and imminent foreclosure,
stating the loan number and the aggregate amount owing
under the Mortgage Loan. Such notice may be provided to the
Purchaser in the form of a copy of a referral letter from
the Company to an attorney requesting the institution of
foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has
been approved by the Company.
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
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owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company
that in the event that the Company does not receive written
notice of the Purchaser's election pursuant to subsection (b)
below within 24 hours (exclusive of any intervening non-Business
Days) of transmission of the notice provided by the Company under
Section 2.01(a)(ii) subject to extension as set forth in Section
2.02(b), the Company may proceed with the Commencement of
Foreclosure in respect of such Mortgage Loan in accordance with
its normal foreclosure policies without further notice to the
Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage
Loan has been brought current or if a refinancing or prepayment
occurs with respect to the Mortgage Loan (including by means of a
short payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
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deed-in-lieu of foreclosure or short payoff, the Purchaser will
be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to
Delay Foreclosure, the Purchaser shall remit by wire transfer to
the Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan as the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
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withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) shall be released to
the Purchaser.
(f) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
shall continue to service the Mortgage Loan in accordance with
its customary procedures (other than the delay in Commencement of
Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, in any event, if
the Mortgage Loan is not brought current by the mortgagor by the
time the loan becomes 6 months delinquent, the Purchaser's
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Delay Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
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unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03. Purchaser's Election to Commence Foreclosure
Proceedings.
(a) In connection with any Mortgage Loan identified in a
report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m.,
New York City time, on the third Business Day following the
delivery of such report under Section 2.01(a)(i).
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable law,
or to the extent that all legal conditions precedent thereto have
not yet been complied with, or (ii) the
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Company believes there is a breach of representations or
warranties by the Company, which may result in a repurchase or
substitution of such Mortgage Loan, or (iii) the Company has or
expects to have the right under the Pooling and Servicing
Agreement to purchase the defaulted Mortgage Loan and intends to
exercise such right or (iv) the Company reasonably believes the
Mortgaged Property may be contaminated with or affected by
hazardous wastes or hazardous substances (and the Company
supplies the Purchaser with information supporting such belief)
or (v) the same is prohibited by or is otherwise inconsistent
with the provisions of the Pooling and Servicing Agreement. Any
foreclosure that has been initiated may be discontinued (i)
without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with
respect to the Mortgage Loan (including by means of a short
payoff approved by the Purchaser) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement unless instructed otherwise by the Purchaser within two
Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application as additional Liquidation Proceeds pursuant
to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) above and after reimbursement to the Servicer for
all related Monthly Advances) in respect of such Mortgage Loan
shall be released to the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the
Trust Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class B_ Certificates has been reduced
to zero, (ii) if the greater of (x) 43% (or such lower or higher
percentage that represents the Company's actual
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loss experience with respect to the Mortgage Loans) of the
aggregate principal balance of all Mortgage Loans that are in
foreclosure or are more than 90 days delinquent on a contractual
basis and the aggregate book value of REO properties or (y) the
aggregate amount that the Company estimates through its normal
servicing practices will be required to be withdrawn from the
Collateral Fund with respect to Mortgage Loans as to which the
Purchaser has made an Election to Delay Foreclosure or an
Election to Foreclose exceeds (z) the then-current Class
Certificate Principal Balance of the Class __-B_ Certificates, or
(iii) upon any transfer by the Purchaser of any interest (other
than the minority interest therein, but only if the transferee
provides written acknowledgment to the Company of the Purchaser's
right hereunder and that such transferee will have no rights
hereunder) in the Class __-B_ Certificates [or in the Class __-B5
Certificates] (whether or not such transfer is registered under
the Pooling and Servicing Agreement), including any such transfer
in connection with a termination of the Trust Fund. Unless
earlier terminated as set forth herein, this Agreement and the
respective rights, obligations and responsibilities of the
Purchaser and the Company hereunder shall terminate immediately
upon (x) the later to occur of (i) the final liquidation of the
last Mortgage Loan as to which the Purchaser made any Election to
Delay Foreclosure or any Election to Foreclose and the withdrawal
of all remaining amounts in the Collateral Fund as provided
herein and (ii) ten (10) Business Days' notice or (y) the
occurrence of any event that results in the Purchaser becoming an
"affiliate" of the Trustee within the meaning of the Prohibited
Transaction Exemption (as defined in the Pooling and Servicing
Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall promptly
notify the Trustee and the Company if such Purchaser becomes
aware of any discussions, plans or events that might lead to such
Person's becoming an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of the Trustee, provided that
the contents of any such notification shall be kept confidential
by the parties to this Agreement.
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ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 199_-__ Pool __ Collateral Fund, for the benefit of
GE Capital Mortgage Services, Inc. and State Street Bank and
Trust Company on behalf of Pool __ Certificateholders, as secured
parties" (the "Collateral Fund"). Amounts held in the Collateral
Fund shall continue to be the property of the Purchaser, subject
to the first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the liquidation
of all Mortgage Loans as to which the Purchaser has made any
Election to Delay Foreclosure or any Election to Foreclose
pursuant to Section 2.04 hereof, the Company shall distribute to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as well as
any interest earned on deposits in the Collateral Fund (net of
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any losses on such investments) and any payments of principal
made in respect of any Collateral Fund Permitted Investment shall
be deposited in the Collateral Fund upon receipt. All costs and
realized losses associated with the purchase and sale of
Collateral Fund Permitted Investments shall be borne by the
Purchaser and the amount of net realized losses shall be promptly
deposited by the Purchaser in the Collateral Fund. The Company
shall periodically (but not more frequently than monthly) direct
the Trustee to distribute to the Purchaser upon request an amount
of cash, to the extent cash is available therefor in the
Collateral Fund, equal to the amount by which the balance of the
Collateral Fund, after giving effect to all other distributions
to be made from the Collateral Fund on such date, exceeds the
Required Collateral Fund Balance. Any amounts so distributed
shall be released from the lien and security interest of this
Agreement.
Section 3.03. Grant of Security Interest. In order to
secure the obligations of the Purchaser hereunder to the Company
and the Trustee for the benefit of Certificateholders (other than
its obligations under Section 4.10), the Purchaser hereby grants
to the Company and to the Trustee for the benefit of the Pool __
Certificateholders a security interest in and lien on all of the
Purchaser's right, title and interest, whether now owned or
hereafter acquired, in and to: (1) the Collateral Fund, (2) all
amounts deposited in the Collateral Fund and Collateral Fund
Permitted Investments in which such amounts are invested (and the
distributions and proceeds of such investments) and (3) all cash
and non-cash proceeds of any of the foregoing, including proceeds
of the voluntary or involuntary conversion thereof (all of the
foregoing collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Pool __ Certificateholders. The
Purchaser shall take all actions requested by the Company or the
Trustee as may be reasonably necessary to perfect the security
interest created under this Agreement in the Collateral and cause
it to be prior to all other security interests and liens,
including the execution and delivery to the Company or at its
direction the Trustee for filing of appropriate financing
statements in accordance with applicable law.
Section 3.04. Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall
constitute a general corporate obligation of the Purchaser. The
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failure to pay such amounts within two Business Days of such
demand (except for amounts to cover interest on a Mortgage Loan
pursuant to Sections 2.02(d) and 2.03(b)), shall cause an
immediate termination of the Purchaser's right to make any
Election to Delay Foreclosure or Election to Foreclose and the
Company's obligations under this Agreement with respect to all
Mortgage Loans to which such insufficiencies relate, without the
necessity of any further notice or demand on the part of the
Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
Section 4.02. Counterparts. This Agreement may be executed
simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 4.03. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04. Notices. All demands, notices and direction
hereunder shall be in writing or by telecopy and shall be deemed
effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
2000 West Loop South
Suite 1917
Houston, Texas 77027
Attention: Mark Pendergrass
Telephone: (713) 964-4207
Facsimile: (713) 964-4100
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with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (609) 661-6515
Facsimile: (609) 661-6875
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
with respect to all other notices pursuant to this
Agreement,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in writing by
the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Karen Beard
Telephone: (617) 664-5465
Facsimile: (617) 664-5367
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
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covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. Article and Section Headings. The article
and section headings herein are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that
all information supplied by or on behalf of the Company pursuant
to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class __-B5 Certificates has been
reduced to zero and any Special Servicing and Collateral Fund
Agreement between the Company and the Purchaser relating to such
Class B5 Certificates has been terminated.]
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IN WITNESS WHEREOF, the Company and the Purchaser have
caused their names to be signed hereto by their respective
officers thereunto duly authorized, all as of the day and year
first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:_______________________________
Name:
Title:
[PURCHASER]
By:_______________________________
Name:
Title:
Acknowledged and agreed to:
STATE STREET BANK AND TRUST COMPANY
By:_______________________________
Name:
Title:
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EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
I, _________________________________________, being
duly sworn, do hereby state under oath that:
1. I am a duly elected ______________________ of GE
Capital Mortgage Services, Inc. (the "Company") and am duly
authorized to make this affidavit.
2. This affidavit is being delivered in connection
with the transfer of the Mortgage Loan described in
Paragraph 3 hereof by the Company pursuant to the Pooling
and Servicing Agreement dated as of [date] between the
Company, Seller and Servicer, and State Street Bank and
Trust Company, Trustee, relating to the Company's REMIC
Multi-Class Pass-Through Certificates, Series [____]
("Agreement"). Such Mortgage Loan constitutes a Designated
Loan.
3. The Company is the payee under the following
described Mortgage Note ("Mortgage Note") which evidences
the obligation of the borrower(s) to repay the Mortgage
Loan:
Loan Number: __________________________________
Mortgage Note Date:_____________________________
Borrower(s): ___________________________________
Original Payee (if not the Company): ___________
Original Amount:________________________________
Mortgage Rate: _________________________________
Address of Mortgaged Property: _________________
________________________________________________
4. The Company is the lawful owner of the Mortgage
Note and has not cancelled, altered, assigned or hypothecated the
Mortgage Note.
5. A thorough and diligent search for the executed
original Mortgage Note was undertaken and was unsuccessful.
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6. Attached hereto is a true and correct copy of the
Mortgage Note.
7. The Mortgage Note has not been endorsed by the
Company in any manner inconsistent with its transfer of the
Mortgage Loan under the Agreement.
8. Without limiting the generality of the rights and
remedies of the Trustee contained in the Agreement, the Company
hereby confirms and agrees that in the event the inability to
produce the executed original Mortgage Note results in a breach
of the representations and warranties appearing in Agreement
subsections 2.03(a)(ii) (the validity and enforceability of the
lien created by the Mortgage Loan) or (x) (no valid offset,
defense or counterclaim to any Mortgage Note or Mortgage), the
Company shall repurchase the Mortgage Loan at the Purchase Price
and otherwise in accordance with Section 2.03(b) of the
Agreement. In addition, the Company covenants and agrees to
indemnify the Trustee and the Trust Fund from and hold them
harmless against any and all losses, liabilities, damages, claims
or expenses (other than those resulting from negligence or bad
faith of the Trustee) arising from the Company's failure to have
delivered the Mortgage Note to the Trustee, including without
limitation any such losses, liabilities, damages, claims or
expenses arising from any action to enforce the indebtedness
evidenced by the Mortgage Note or any claim by any third party
who is the holder of such indebtedness by virtue of possession of
the Mortgage Note.
9. In the event that the Company locates the executed
original Mortgage Note, it shall promptly provide the Mortgage
Note to the Trustee.
10. Capitalized terms not otherwise defined herein
shall have the meanings given them in the Agreement.
Date: _______________________
______________________________
(signature)
______________________________
(print name)
______________________________
(print title)
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State of New Jersey )
) ss.:
)
On this ____________________day of ___________________,
199__, before me appeared ____________________________, to me
personally known, who acknowledged the execution of the foregoing
and who, having been duly sworn states that he/she is a/the
______________________________of GE Capital Mortgage Services,
Inc., that any representations therein contained are true, that
this Lost Note Affidavit was signed and sealed on behalf of GE
Capital Mortgage Services, Inc. and that this Lost Note Affidavit
is the free act and deed of GE Capital Mortgage Services, Inc.
____________________________________
(Notary Public)
[Notarial Seal]
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EXHIBIT M
SCHEDULE OF DESIGNATED LOANS
[None]
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EXHIBIT N
SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS
[None]
